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The terms of use and agreement provided below (the "Agreement") is a binding agreement between the end user ("you") and the operator of the website, Autodidactic Studios LLC (the "operator" or "operators"). If you are entering into this Agreement on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these terms and conditions, in which case the term “you” shall refer to such entity.
Copyright © 2016 Autodidactic I LLC All Rights Reserved
This site is created by pftq (the "creator" or "creators") and owned under Autodidactic I LLC. It is run and maintained by the operator, Autodidactic Studios LLC, which holds a license to operate, publish, and distribute The World Exchange website (the "site") and is responsible for all related business and legal representation. The site acts as and is only a user-interface to Ripple, an open-source, distributed ledger technology built by Ripple Labs. No functionality exists on The World Exchange site itself. Ripple, Ripple Labs, and its token currency XRP are unaffiliated with the creators or operators of The World Exchange. While the The World Exchange website code is open-source and free to build from for your own projects, The World Exchange itself, the documentation, and the names and designs shown are copyrighted with all rights reserved. You acknowledge and agree that The World Exchange is provided to you under license to use only and not sold to you. You do not acquire any ownership interest in The World Exchange or any other rights thereto other than to use The World Exchange, and subject to all terms and conditions described above.
BY DOWNLOADING, INSTALLING OR USING THE WORLD EXCHANGE WEBSITE, YOU REPRESENT AND WARRANT THAT (A) YOU HAVE READ AND UNDERSTAND THIS AGREEMENT; (B) YOU ARE 18 YEARS OF AGE OR OLDER; (C) YOU HAVE THE FULL POWER AND AUTHORITY TO AGREE TO THIS AGREEMENT; (D) YOU ARE NOT LOCATED IN, UNDER THE CONTROL OF, OR A NATIONAL OR RESIDENT OF ANY COUNTRY SUBJECT TO SANCTIONS BY THE UNITED STATES; (E) YOU HAVE NOT BEEN PLACED ON THE U.S. DEPARTMENT OF COMMERCE’S DENIED PERSONS LIST; (F) YOU ARE NOT IDENTIFIED AS A “SPECIALLY DESIGNATED NATIONAL” BY THE UNITED STATES GOVERNMENT; AND (G) YOU WILL NOT USE THE WORLD EXCHANGE WEBSITE IF YOU HAVE PREVIOUSLY BEEN PROHIBITED FROM DOING SO OR IF ANY LAWS PROHIBIT YOU FROM DOING SO.
THE WEBSITE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
NO RESPONSIBILITY OR LIABILITY. The World Exchange is not an actual exchange or even a "web wallet" for cryptocurrencies. You do not create an account or give us your funds to hold onto. All transactions are signed locally, and no private or secret keys ever leave your browser / computer. The site merely acts as a user-interface to interact with blockchain, specifically the Ripple network. You agree by using the site that you cannot and will not hold the creators or operators of The World Exchange liable for anything, whether for breach of contract, negligence or otherwise, and whether or not the creators or operators of The World Exchange were advised of the possibility of any liability you may experience
SECURITY. The World Exchange website does not include its own encryption or other security measures, and any communications with Ripple via The World Exchange website are protected only by any security that Ripple (or other third parties) may provide. You are responsible for your own security of your keys and transactions whether generated by this site or not. It is your sole responsibility to ensure that all communications conducted via the World Exchange website are secure and neither The World Exchange nor its creators or operators shall have any responsibility for interception or other unauthorized access to communications conducted via The World Exchange website. While best effort has been made to build The World Exchange in a secure manner, there is always the possibility of loss from software bugs or other security flaws that may have been overlooked, and you agree by using the site that you understand this risk and hold The World Exchange, its creators, or its operators harmless for anything that may occur. You also acknowledge and are aware of the proliferation of computer viruses and other malware affecting the internet, and are solely responsible to scan any and all downloaded materials received from Ripple or other portions of the Internet to ensure that such viruses or other malware do not affect your computer or other IT systems. Neither The World Exchange nor its creators or operators are not responsible or liable for any damage caused by such hazards, and The World Exchange website does not include any anti-virus or anti-malware protections to prevent such hazards.
COMPLIANCE WITH LAWS, REGULATIONS, and TAXATION RULES. You are solely responsible for abiding by the laws, regulatory requirements, and taxation rules of your jurisdiction for what you choose to do with The World Exchange, including Securities laws and regulations. Tokens on the platform may be subject to taxation rules depending on local and federal laws, which you are solely responsible for knowing. The World Exchange does not screen, and has no ability to screen, transactions that happen on the Ripple network, for which again it is only an interface to. The site does not process, facilitate, screen, or have any actual involvement in the execution of your transactions any more than a mobile app or 3rd party trading tool does to an existing stock brokerage. You, as the end user, are responsible for ensuring you comply with any laws that may apply in your transactions, including but not limited to purchase, sale, and issuance of tokens. You are also responsible for configuring your tokens to meet compliance requirements that may be required, including whitelisting and other advanced features of Ripple. Any violations of the laws are liable to you, the end user, only and will not be the responsibility of The World Exchange, its creators, or its operators. Lastly, you acknowledge that there is substantial legal and regulatory risk in dealing with blockchain-based tokens, as the landscape for such technologies is constantly evolving, and this risk is similarly solely your own responsibility. Should you be unsure of the legality or regulatory requirements of your intended use of The World Exchange, you should immediately stop all use and first consult an attorney or legal counsel.
INDEMNIFICATION. You agree to indemnify, defend and hold harmless the creators and operators of The World Exchange and their affiliates, their licensors, and the officers, directors, employees, agents, affiliates, service providers, successors and assigns of the foregoing from and against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys’ fees, arising from or relating to your use or misuse of The World Exchange.
NO INVESTMENT ADVICE. You agree that to the extent you purchase tokens or other assets via Ripple, the seller of such tokens or assets is solely responsible for creating or providing all information and/or documentation relevant and necessary to assess and execute the purchase of such tokens or assets (including without limitation any document describing the tokens or assets (sometimes referred to as a “whitepaper”) and any contract memorializing such purchase of tokens or assets) and that The World Exchange does not, and neither The World Exchange nor its creators or operators have any responsibility or obligation to do so. You understand that The World Exchange, its creators, and its operators provide no transaction or investment advice of any kind, nor do The World Exchange, its creators, or its operators give advice or offer any opinion with respect to the nature, potential value or suitability of any particular transaction or investment strategy. You understand that you are solely responsible for all transaction and investment decisions you make using The World Exchange. You further understand that while you may be able to access market data and other financial information using The World Exchange, the availability of such information does not constitute a recommendation to buy or sell anything or to engage in any investment strategy. Any transactions you conduct or investment decisions you make will be based solely on your own evaluation of your financial circumstances and investment objectives and the suitability for you of any asset or any investment strategy. Any transaction conducted by you or using your login credentials is yours and you are responsible for any outcome resulting from transactions that you initiate or that are initiated by any third party using your login credentials, including the possible loss of principal invested based on an investment decision. You understand the risks involved with transacting via Ripple and that investments in tokens and other assets will fluctuate in value, and you agree that neither The World Exchange nor its creators or operators are responsible for any losses you may incur as a result of your investment decisions or any transactions that you may conduct using The World Exchange website. All investments and other transactions have risks, and you are responsible for determining whether you can afford the risks of making any investment or other transaction.
GOVERNING LAW. This agreement and terms of use shall be governed in all respects by the substantive laws of the State of New York, without regard to the conflicts of laws principles of any jurisdiction. You agree to submit to the personal and exclusive jurisdiction and venue of the state and federal courts located within New York County.
ASSIGNMENT. You may not assign this Agreement, in whole or in part. The creators and operators may freely assign this agreement, in whole or in part, at any time in their sole discretion. Subject to the foregoing, this Agreement is binding upon, inures to the benefit of and is enforceable by the Parties and their respective successors and assigns. Any assignment or purported assignment in violation of this shall be void and of no effect.
ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between you and the creators and operators of The World Exchange with respect to the World Exchange website, and supersedes all prior or contemporaneous understandings and agreements, whether written or oral, with respect thereto.