VRCN Network (hereinafter referred to as, “VRCN”, “Vzone Solutions” “the Company”, “ourselves”, “we” or “us”). We offer you the use of VRCN Network mobile wallet (the “VRCN mainnet wallet”, “VRCN Wallet”), subject to this Term of Service Agreement (terms and conditions), VRCN privacy policy and/or other agreement(s) or polic(ies) in relation to VRCN and/or our service(s).
THIS AGREEMENT CONTAINS THE TERMS AND CONDITIONS THAT GOVERN YOUR ACCESS TO USE OF THIS VRCN MAINNET WALLET AND/OR OUR SERVICES, AND IS AN AGREEMENT BETWEEN YOU OR THE ENTITY YOU REPRESENT (“YOU” OR “YOUR”). PLEASE READ THE AGREEMENT CAREFULLY BEFORE USING OUR WALLET OR OUR SERVICE, AND REVIEW THEM PERIODICALLY AND REGULARLY FOR CHANGES.
PLEASE NOTE THAT WE RESERVE THE RIGHT, AT OUR SOLE DISCRETION, TO REVISE, AMEND, UPDATE, DELETE PART OR THE ENTIRE THE AGREEMENT, AT ANY TIME WITHOUT NOTICE.
1.1 “API” means an application program interface..
1.2 “Digital Asset” means all class of digitalized assets including crypto assets, cryptocurrencies, virtual assets, blockchain-based assets, digital tokens, virtual tokens, etc., but excluding any government issued digital assets or currency, or any digital assets deemed as securities in any competent jurisdictions.
1.2.1 “Wallet” means a digital assets wallet stores private keys and intend to keep digital assets safe and accessible, and allowing owner to send and receive digital assets.
1.2.2 “Mnemonic Words” means a set of random words generated by a Wallet at the time of set up, which allow a User to set up the same Wallet again on a different device, phone or browser, or to recover User’s Private Key.
1.2.3 “Personal Information” means information recorded in electronic or any other form which may identify a person when used alone or in combination with other information, including name, date of birth, identification card number, passport number, address, telephone number, bank or credit card number, e-mail address , mobile device information, IP address, transaction record.
1.2.4 “Privacy Policy” means the privacy policy of VRCN Network and its associated or affiliated entities updated from time to time.
1.2.5 “Private Key” is a secret number that is used in cryptography which used to verify transactions and prove ownership of a blockchain address.
1.2.6 “User”, “your”, “you”, “he/she” or “his/her” means the individual or entity using or accessing this VRCN Wallet or using any Service(s) provided by the Company.
2.1 Smartphone or mobile phone application wallet (“Mobile Wallet”), with VRCN Blockchain Mainnet added in it.
For the avoidance of doubt, the Service provided by VRCN wallet may enable User to send and receive, withdraw, stake or in any manner transact digital asset (“Digital Asset Transactions”)
2.2 VRCN Network application. User agrees and acknowledges, in relation to VRCN Network, that:
2.2.1 VRCN Wallet only supports those digital assets(s) made available by VRCN Network and the User may only use VRCN Network Application to receive, transfer, store, or in any manner manage the digital assets supported by VRCN Network.
2.2.2 VRCN Network Wallet may allow user to create password, setup biometric identification, for login to the User’s VRCN wallet and/or to receive, transfer, authorize, approve any transaction of digital assets by signing Private Key with your VRCN Wallet. The User shall have the sole responsibility to safeguard and backup its password, biometric identification, or pattern lock, and VRCN Network or Vzone solutions shall not have any liability arising from any loss, misuse, unauthorized use, stolen, delete or hacking activities of the password, biometric identification, or pattern lock. For the avoidance of doubt, VRCN Network does not have any responsibility to assist the User to store or recover his/her Private Keys, passwords or Mnemonic Words so as to recover his/her Wallets, or to report or freeze any stolen, hacked or unauthorized use of Wallets.
2.2.3 Vzone Solutions may from time to time provides update or upgrade to VRCN Wallet, but is not under obligation to do so, and that the User shall proactively update the VRCN Network Wallet for its optimal function.
2.2.4. The User shall refer to blockchain for the authentic and accurate records of all the transactions.
2.3 Personal Information. During your use of our Service, we will not ask for your Personal Information. We will not ask for any permissions when you install and use VRCN wallet other than the camera permission. We are asking for camera permission just for the ease of QR code scanning so that user can made transaction easily by scanning the public address QR code. However, it is not mandatory for any user to give this permission while using VRCN wallet.
3.1 Your Wallets. You shall be responsible for all activities of your Wallet(s), regardless of whether the activities are authorized by you or undertaken by you, your agent, staffs, contractors, or any other persons (if applicable). VRCN Network is not responsible for any unauthorized access to your Wallet, including any access occurred as a result of hacking activity arise from the fault on your part, fraud, phishing or any other criminal activity perpetrated by any other persons. You shall also be responsible to ensure that your use of the Wallet does not violate any applicable laws in a competent jurisdiction.
3.2 Security and Backup. You shall be solely responsible for properly configuring and using the Service, in particularly your VRCN Wallets, and taking appropriate action to secure, protect and backup your Wallets in a manner that will provide appropriate security and protection, which include your obligations to securely maintain any passwords, pattern lock or Mnemonic Words of your Wallets. You assure that you will not share with any other person, including VRCN Network or any of our staffs, agents or contractors, any passwords, pattern lock or Mnemonic Words of your Wallets, and we shall not be held responsible for the security usage of your Wallets.
4.1 Severability. If any portion of this Agreement is held to be invalid or inoperative, the remaining portions of this Agreement will remain in full force and effect. Any invalid or inoperative portions will be interpreted to effect and intent of the original portion. If such construction is not possible, the invalid or inoperative portion will be severed from this Agreement but the rest of the Agreement will remain in full force and effect.
4.2 Amendments. VRCN Network reserves the right, at its sole discretion, to change, add or remove portions of these Agreement, at any time. It is your responsibility to review the amended Agreement. Your continued use of the VRCN wallet following the posting of changes will mean that you accept and agree to the changes and you agree that all subsequent transactions by you will be subject to these Agreement.