Terms of Service

1. Acceptance of Terms

Welcome to Bitcoin Yay (Company, we, us, our). These Terms of Service (Terms) govern your access to and use of Bitcoin Yay's website, platform, mobile applications, and all related services (collectively, the Service).

2. Modification of Terms

We reserve the right to modify these Terms at any time. The latest version will be posted on our website. Your continued use of the Service after modifications signifies your acceptance of the updated Terms.

3. Eligibility

You must be at least 18 years old and legally capable of entering into a binding agreement to use the Service. By using Bitcoin Yay, you represent that you comply with all applicable laws and regulations in your jurisdiction.

4. Account Security

To use certain features, you may need to create an account. You are responsible for maintaining the confidentiality of your account credentials and are fully responsible for all activities that occur under your account. Notify us immediately of any unauthorized access.

5. User Content

By submitting content (User Content) to Bitcoin Yay, you grant us a worldwide, non-exclusive, royalty-free license to use, reproduce, modify, and display it as part of the Service. You warrant that you own or have the necessary rights to submit such content and that it does not infringe any third-party rights.

6. Prohibited Activities

• Violate any applicable laws or regulations.
• Use the Service for fraudulent or illegal activities.
• Interfere with the security or functionality of the Service.
• Post misleading, false, or harmful content.

We reserve the right to terminate accounts and take legal action against violations.

7. Intellectual Property

All content provided by Bitcoin Yay, including but not limited to logos, designs, and software, is owned by us or our licensors and protected by intellectual property laws. You may not use, copy, or distribute our content without permission.

8. Third-Party Services

Bitcoin Yay may include links to third-party services. We do not endorse or control these third parties and are not responsible for their practices. Use them at your own risk.

9. Disclaimers

The Service is provided "as is" and "as available." We do not guarantee uninterrupted, error-free service. We disclaim all warranties to the fullest extent permitted by law.

10. Limitation of Liability

Bitcoin Yay is not liable for any direct, indirect, incidental, or consequential damages resulting from your use of the Service, except where prohibited by law.

11. Indemnification

You agree to indemnify and hold Bitcoin Yay harmless from any claims, damages, or expenses arising from your use of the Service or violation of these Terms.

12. Termination

We may suspend or terminate your access to the Service at any time for any reason, including violations of these Terms.

13. Governing Law

These Terms are governed by the laws of [Your Jurisdiction], without regard to conflict of law principles.

14. Dispute Resolution

Disputes will be resolved through binding arbitration in accordance with the rules of [Arbitration Organization]. You waive any right to participate in a class action lawsuit.

15. Contact Information

Acceptable Use

By using Bitcoin Yay, you agree to abide by the following rules. You must not:

• Copy, reproduce, distribute, modify, adapt, translate, reverse-engineer, decompile, disassemble, create derivative works based on, or attempt to discover the source code of any part of the Bitcoin Yay website, services, or content.
• Use the platform to send, store, or share unlawful, infringing, obscene, defamatory, or threatening material, including content that violates third-party rights.
• Introduce viruses, worms, Trojan horses, or any other malicious code that disrupts the security, integrity, or functionality of Bitcoin Yay or its users.
• Use the platform in violation of any applicable local, state, national, or international laws, rules, or regulations.
• Engage in fraudulent activities, including but not limited to the creation of fake accounts, using automated scripts or bots, or engaging in deceptive practices.
• Sell, transfer, or acquire user accounts in an unauthorized manner.
• Participate in unauthorized sales, transfers, or trading of digital assets through Bitcoin Yay.

Failure to adhere to these terms may result in account suspension, termination of access, or the reversal of transactions at Bitcoin Yay's discretion.

Representations, Warranties, and Risks

Warranty Disclaimer

Bitcoin Yay provides its website, services, and content on an "AS IS" and "AS AVAILABLE" basis. We make no warranties, express or implied, including but not limited to merchantability, fitness for a particular purpose, or non-infringement. We do not guarantee uninterrupted or error-free access to the platform.

Risks Associated with Cryptographic Systems

By using Bitcoin Yay, you acknowledge that you understand the inherent risks associated with blockchain technology and digital assets. You confirm that you have experience with cryptographic tokens, smart contracts, and decentralized technologies.

Regulatory Risks

Regulatory changes in various jurisdictions may impact the availability, accessibility, or functionality of Bitcoin Yay. You acknowledge that legal developments may affect the platform and accept all associated risks.

Security Risks

Cryptographic systems are subject to vulnerabilities. Advances in computing, including quantum technology, may pose risks to blockchain security. While Bitcoin Yay takes reasonable security measures, we do not guarantee protection against all potential threats.

Volatility of Digital Assets

You understand that cryptocurrencies are highly volatile due to market factors, adoption rates, speculation, and regulatory changes. Bitcoin Yay is not responsible for any financial losses resulting from price fluctuations.

Volatility of Digital Assets

You acknowledge that blockchain applications, including Bitcoin Yay, may have coding vulnerabilities. You are responsible for evaluating any third-party tools, services, or smart contracts you interact with through our platform.

Waiver, Release, and Indemnity

By using Bitcoin Yay, you agree to release and waive any claims against Bitcoin Yay, its affiliates, officers, employees, and agents for any losses or damages arising from your use of the platform. You further agree to indemnify and hold Bitcoin Yay harmless from any claims, damages, or expenses resulting from your violation of these terms or your misuse of the services.

Limitation of Liability

Bitcoin Yay is not liable for any direct, indirect, incidental, special, or consequential damages arising from your use of the platform, including but not limited to loss of profits, data, or digital assets. Some jurisdictions may not allow the exclusion of certain liabilities, so some of these limitations may not apply to you.

Intellectual Property Rights

All content, trademarks, logos, and intellectual property associated with Bitcoin Yay are owned by Bitcoin Yay or its licensors. You may not use, copy, or distribute any of these materials without prior written consent.

Third-Party Links

Bitcoin Yay may provide links to third-party websites or services. We do not endorse, control, or assume responsibility for any content or practices of these external platforms. Your use of third-party resources is at your own risk.

Account Termination and Suspension

Bitcoin Yay reserves the right to suspend or terminate your account at its sole discretion, with or without notice, if you violate these terms or engage in activities deemed harmful to the platform or its users. In the event of termination, you agree to forfeit access to any associated services or features.

No Third-Party Beneficiaries

Except as expressly stated in these Terms, no third party shall have any rights or benefits under these Terms.

Copyright Infringement Claims

If you believe your copyright, or that of an individual or entity you represent, has been infringed on the Bitcoin Yay platform, please submit a written notice (Notice) to our Copyright Agent containing the following details:

• A description of the copyrighted work or intellectual property allegedly infringed, along with the requested action.
• A description of where the infringing material is located on the Bitcoin Yay platform.
• Your name, address, telephone number, and email address.
• Documentation verifying ownership of the copyrighted material issued by the relevant authority.
• A statement affirming your good faith belief that the disputed use is unauthorized by the copyright owner, agent, or law.
• A declaration, made under penalty of perjury, confirming the accuracy of the information in the Notice and your authorization to act on behalf of the copyright owner.
• Your electronic or physical signature.

Binding Arbitration and Class Action Waiver

PLEASE READ THIS SECTION CAREFULLY – IT AFFECTS YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT.

If you believe your copyright, or that of an individual or entity you represent, has been infringed on the Bitcoin Yay platform, please submit a written notice (Notice) to our Copyright Agent containing the following details:

• A description of the copyrighted work or intellectual property allegedly infringed, along with the requested action.
• A description of where the infringing material is located on the Bitcoin Yay platform.
• Your name, address, telephone number, and email address.
• Documentation verifying ownership of the copyrighted material issued by the relevant authority.
• A statement affirming your good faith belief that the disputed use is unauthorized by the copyright owner, agent, or law.
• A declaration, made under penalty of perjury, confirming the accuracy of the information in the Notice and your authorization to act on behalf of the copyright owner.
• Your electronic or physical signature.

Initial Dispute Resolution

Before initiating legal proceedings, the parties shall attempt to resolve disputes in good faith through direct negotiation.

Arbitration Agreement

If a resolution is not reached within 30 days, either party may initiate binding arbitration administered by the American Arbitration Association (AAA) under its Commercial Arbitration Rules. Arbitration shall be the sole means of dispute resolution, excluding any class action proceedings.

• The arbitrator shall have exclusive authority over disputes, including enforceability and interpretation of these Terms.
• The arbitrator may grant the same remedies as a court.
• The decision shall be binding and enforceable in any competent court.
• By agreeing to arbitration, you waive your right to a jury trial. Arbitration may involve higher costs and limited discovery compared to court proceedings.

By agreeing to arbitration, you waive your right to a jury trial. Arbitration may involve higher costs and limited discovery compared to court proceedings.

Location

Arbitration will be conducted in California, and you agree to jurisdiction in San Mateo County, California, for arbitration-related matters.

Class Action Waiver

All arbitration proceedings must be conducted on an individual basis. Class actions or collective claims are not permitted. If any part of this waiver is found unenforceable, the arbitration clause shall be null and void.

Exceptions

This arbitration agreement does not apply to intellectual property claims or small claims court matters.

Opt-Out Right

Amendments to Arbitration Terms

Bitcoin Yay may modify this section with 30 days’ notice. Changes will apply prospectively to new claims only.

General Terms

Entire Agreement

These Terms, along with any additional policies on the site, constitute the complete agreement between you and Bitcoin Yay.

Waiver and Severability

Failure to enforce any provision does not constitute a waiver. If any term is deemed invalid, the remainder of the Terms shall remain in effect.

Governing Law

These Terms are governed by California law, excluding conflict of law principles.

Statute of Limitations

Any claim related to these Terms must be filed within one (1) year from the event giving rise to the claim, or it shall be permanently barred.

Communications

Exceptions

This arbitration agreement does not apply to intellectual property claims or small claims court matters.

Restrictions on Transfers During Enclosed Period

If you have passed KYC and migrated Bitcoin Yay tokens during the enclosed period, you agree to the following:

• You will not sell Bitcoin Yay tokens for fiat or cryptocurrencies before the Open Network launch.
• You are the sole holder of your account and wallet and will not transfer or share access during the enclosed period.
• You will not engage in illegal or unauthorized transactions using Bitcoin Yay tokens.

Violation of these terms may result in account suspension, forfeiture of tokens, and other corrective actions deemed necessary by Bitcoin Yay.

Mobile Balance and Token Migration

Before KYC, your activity on Bitcoin Yay generates a non-transferable “Mobile Balance,” which has no cash or exchange value. Mobile Balance does not confer ownership rights.

• You must complete KYC and comply with anti-money laundering policies.
• You must not violate Bitcoin Yay’s Terms.
• Your Mobile Balance must be verifiable and free from fraudulent activity.
• Your jurisdiction must permit cryptocurrency use.

If these conditions are not met, your migration may be denied, and your Mobile Balance forfeited.

Grace Period and Forfeiture

Bitcoin Yay users must complete KYC and token migration within the announced Grace Period. Failure to meet these requirements will result in forfeiture of Mobile Balance.

• You refuse to execute the Token Transfer Agreement.
• You fail to pass KYC.
• You engage in fraudulent activity or misrepresent your Mobile Balance.
• You relocate to a jurisdiction that prohibits cryptocurrency use.

By using Bitcoin Yay, you acknowledge and agree to these Terms. Failure to comply may result in the suspension or termination of your account.