Last updated on: October 07, 2023.
Thank you for using Tree Wallet software and related services!
In this Agreement (1) “we” and “us” refer to the Company and “our” shall be construed accordingly; and (2) “you” refers to User and “your” shall be construed accordingly. Each of you and the Company shall hereinafter be referred to as a “Party”, and collectively, you and the Company shall hereinafter be referred to as the “Parties”.
Company hereby reminds you that You must make sure that you fully understand the whole Agreement and evaluate the risks of using Tree Wallet .
1. After you download Tree Wallet and start to create wallet, recover Identity (defined as below) or import wallet, you are deemed as having read and accepted this Agreement, which shall cause this Agreement to become effective and legally binding on both you and Company immediately. IF YOU DO NOT AGREE TO THE USER TERMS IN THIS AGREEMENT, YOU SHALL CEASE USAGE OF Tree Wallet IMMEDIATELY AND IF YOU HAVE DOWNLOADED Tree Wallet, PROCEED TO DELETE Tree Wallet IMMEDIATELY.
2. In accessing or using Tree Wallet, you agree:
(1) to be bound by the latest version of this Agreement without variation or modification;
(2) that in the jurisdiction to which you are subject, you are of legal age to use Tree Wallet and to create binding legal and financial obligations for any liability you may incur as a result of the use of Tree Wallet;
(3) you are not an Excluded Person (as defined herein).
3. Company may, at its sole discretion, modify or replace this Agreement at any time. The modified Agreement will automatically take effect once it is posted on Tree Wallet and you will not be notified separately. If you do not agree with the modifications, you shall cease to use Tree Wallet immediately. Use of Tree Wallet by you after any modification to this Agreement constitutes your acceptance of this Agreement as modified.
1. Tree Wallet: means the blockchain wallet developed by Company based on Transformers blockchain systems and other supporting tools which are developed for the convenience of the Users when using Transformers blockchain systems.
2. Excluded Person:
(1) a person other than a natural person who possesses legal and mental capacity to enter into this Agreement; or
(2) a User who is prohibited, restricted, unauthorized or ineligible in any form or manner whether in full or in part under this Agreement, laws, regulatory requirements, or rules in the jurisdiction applicable to such User, to use the Services (as defined below).
3. Identity: means the blockchain identity generated from a pair of your Public Key and Private Key.
4. Create or import wallet: means your use of Tree Wallet to create or import wallet after your acceptance of this Agreement.
5. Wallet Password: means the password determined by you when you create the wallet. The Wallet Password will be used to encrypt and protect your Private Key. Tree Wallet, as a decentralized application, will not store your Wallet Password on our servers, nor will your Wallet Password be stored in your own mobile devices. If you lose or forget your Wallet Password, you will not be able to retrieve it.
6. Alert: means the messages displayed on Tree Wallet’s operation interface which provides suggestions for Users on subsequent operations.
7. Private Key: Private Key is the core for the User to hold and use the Tokens.
8. Public Key: is derived from the Private Key based on cryptography and is used to generate wallet addresses. A wallet address is a public address for receipt of Tokens.
1. Create or Recover Identity. You may use the “Create Identity”, “Recover Identity” button on Tree Wallet to create or recover your Identity and manage multiple wallets under one Identity.
2. Import wallet. You may use Tree Wallet to create a new wallet or import wallets .
3. Transfer and receive Tokens. You may manage your digital Tokens by using the transfer and receipt functionalities of Tree Wallet, i.e., you may revise the blockchain ledger by signing with your Private Key. Transfer of Tokens means the payer’s transfer of the Token to the blockchain address of the payee. Such “transfer” of Tokens involves a validated record of such transaction on the distributed ledger of the relevant the blockchain system (rather than an actual delivery or transfer of Tokens on Tree Wallet).
4. Transaction records. We will copy all or part of your transaction records from the blockchain system.
5. Suspension of service. You understand that we are not able to reverse or cancel the transaction because transactions based on blockchain technologies are irrevocable.
6. Other services that Company would like to provide.
Users who use Tree Wallet acknowledges and accepts that:
1. In order to keep the decentralization feature of blockchain and to protect the security of your digital Tokens, Company offers decentralized service which is largely different from the banking and financial institutions. Users acknowledge and accept that the Company SHALL NOT have any responsibility to :
(1) store Users’ Wallet Password (the password Users set when creating or importing wallets), Private Key or Keystore;
(2) recover Users’ Wallet Password, Private Key or Keystore;
(3) freeze the wallet;
(4) report the loss of wallet;
(5) recover the wallet; or
(6) rollback transactions.
2. You shall bear sole responsibility to take care of your mobile devices, back up the Tree Wallet App, and back up the Wallet Password, Private Key and Keystore. In the event that: your mobile device is lost, your Tree Wallet App or your wallet is deleted and not backed up, your wallet is stolen or you forget your Private Key or Keystore, the Company will not be able to recover the wallet or recover Wallet Password, Private Key or Keystore. The Company may not be able to cancel transactions for the mishandling of Users (such as typing in wrong addresses for transactions) and the Company shall not be responsible in any way in respect of the same.
3. Tree Wallet does not support all existing tokens. Do not use Tree Wallet to handle any non-supported tokens.
(1) Create or import wallet: you are entitled to use Tree Wallet on your mobile device to create and/or import wallet, set Wallet Password and use your wallet on Tree Wallet to transfer and receive Tokens on blockchain.
(2) A previous version of Tree Wallet may stop to operate after a new version is released. Company cannot guarantee the security, continuous operation or customer services for the previous version. Users shall download and use the latest version.
1. You shall bear sole responsibility to take care of your mobile devices, Wallet Password, Private Key and Keystore. Company does not store or hold the above information for Users. You shall be solely responsible for any risks, liabilities, losses and expenses which result from frauds, you losing your mobile device, disclosing (whether actively or passively) or forgetting Wallet Password, Private Key or Keystore, or your wallet being attacked.
2. You understand that Tree Wallet undertakes no responsibility to conduct due diligence on the Third-Party Service. You shall assess carefully and assume all risks in connection with the use of Tree Wallet.
3. Provision of information and documents. To the extent that the Company determines, in its sole discretion, that it is necessary to obtain certain information about User in order to comply with any applicable law or regulation in connection with the use or operation of Tree Wallet, User shall provide Company with such information promptly upon such request, and acknowledges and accepts that Company may restrict, suspend or terminate your use of Tree Wallet until such requested information has been provided to the satisfaction of Company. User undertakes to notify Company of any change in the documents and information provided by User to Company pursuant to this Agreement and in the absence of any notification in writing notifying of any change, Company is entitled to assume that the documents and information provided by User remain true, correct, not misleading and unchanged.
4. Transfer of Tokens
(1) You understand that blockchain operations are “irrevocable”. When you use Tree Wallet to transfer Tokens, you shall be solely responsible for the consequences of your mishandling of the transfer (including but not limited to wrong address, problems of the node servers selected by you).
(2) You understand that the following reasons may result in a “transfer failed” or “mining overtime” prompt:
(a) insufficient balance in wallet;
(b) insufficient gas for transaction;
(c) blockchain’s failure to execute the code of smart contracts;
(d) technical failure of the network or equipment;
(e) abandoned transactions result from blockchain network congestion or failure;
(f) the wallet address of yours or your counterparty’s is identified as special addresses, such as high-risk address.
(3) You understand that Tree Wallet is only a tool for transfer of Tokens. Company shall be deemed to have fulfilled its obligations once you have completed the transfer and shall not be held liable for any dispute in relation thereto.
5. Notifications. Tree Wallet may send notifications to you by client-end notices (e.g., information about your transfer ) which you shall be aware of timely.
6. Service fees and taxes.
(1) the Company does not charge you any service fees or handling fees for the time being.
(2) You need to pay “network fees” when you transfer Tokens.
(3) You understand that your transfer of Tokens may fail under certain circumstances, including but not limited to insufficient “network fees” paid by you for the transfer of Tokens during the time of your transfer.
1. You understand and acknowledge that the blockchain technology is a field of innovation where the laws and regulations are not fully established. You may be faced with material risks including instability of technology . You also understand that Tokens have much higher volatility comparing to other financial assets. You shall hold or dispose of the Tokens in a reasonable way and corresponding to your financial status and risk preferences.
2. If you or your counterparty fails to comply with this Agreement or fails to follow the instructions, tips or rules on the website or on the page of the transaction or payment, the Company does not guarantee successful transfer of the Tokens and the Company shall not be held liable for any of the consequences of such failure. If you or your counterparty has already received the payment in Tree Wallet wallet , you understand that transactions on blockchain are irreversible and irrevocable. You and your counterparty shall assume the liabilities and consequences of your transactions.
3. When you use Third-Party Service through Tree Wallet, Company strongly suggest you read the terms of use, privacy policy, and other relevant documents and information of such Third-Party Service carefully, get familiar with the counterparty and the product information and evaluate the risks before you make transactions on such third parties. You understand that such transactions and corresponding contractual relationship are between you and your counterparty, instead of the Company. The Company shall not be held liable for any risks, responsibilities, losses or expenses occurred due to such transactions.
4. When you transfer your tokens directly to another wallet address, it is your sole responsibility to make sure that your counterparty is a person with full capacity for civil acts and decide whether you shall transact with him/her.
5. You shall check the official blockchain system or other blockchain tools when you receive an Alert such as “transaction failed” or “mining overtime” in order to avoid repetitive transfer. If you fail to follow this instruction, you shall bear the losses and expenses occurred due to such repetitive transfer.
6. You understand that after you create or import wallet on Tree Wallet, your Private Key are only stored on your mobile device and will not be stored in Tree Wallet or on the servers of Company. You may change another mobile device to use Tree Wallet after you follow the instructions on Tree Wallet to back up your wallet. If you lose your mobile device before you could write down or backup your Wallet Password, Private Key or Keystore, you may lose your Tokens and Company will not be able to recover them. If your Wallet Password, Private Key or Keystore is disclosed or the device which stores or holds your Wallet Password, Private Key or Keystore is hacked or attacked, you may lose your Tokens and Company will not be able to recover them. Any and all losses arising in connection with the foregoing shall be borne solely by you.
7. We suggest you backup your Wallet Password, Private Key when you create or import wallet by writing them down on papers or backup them in password management apps. Please do not use electronic methods such as screenshots, e-mails, note-taking apps in cell phones, text messages, WeChat or QQ to backup any of the foregoing information.
8. In order to avoid potential security risks, we suggest you use Tree Wallet in a secured network environment. Please do not use a jailbreak or rooted mobile device.
9. Please be alert to frauds when you use Tree Wallet. If you find any suspicious activity, we encourage you to inform us immediately.
1. You acknowledge and accept that Company may, at its sole discretion, provide only a part of the Services for the time being, suspend certain Services or provide new Services in the future. When we change our Services, your continuous use of Tree Wallet is deemed as your acceptance of this Agreement and revisions of this Agreement.
2. In order to avoid (to the extent possible) any mishandling of Tree Wallet or any risk to the security of your Tokens, you shall not use Tree Wallet if you do not possess the basic knowledge of blockchain. For Users who do not possess basic knowledge of blockchain, Company may refuse to provide all or part of the Services on Tree Wallet to such Users.
3. You understand that Company may suspend the Services under the following circumstances (or may completely terminate the Services in connection with any of the following circumstances):
(1) maintenance, upgrading, failure of equipment and blockchain system and the interruption of communications etc., which lead to the suspension of the operation of Tree Wallet;
(2) force majeure events including but not limited to typhoon, earthquake, tsunami, flood, power outage, war, or terrorist attacks, or computer viruses, trojan horse, hacker attacks, system instability or government behaviors and other reasons, which result in the Company’s inability to provide Services or if in Company’s reasonable opinion, continuous provision of Services would result in significant risks;
(3) material adverse change of applicable laws or policies; or
(4) any other event(s) which Company cannot control or reasonably predict.
4. Company reserves the right to unilaterally suspend or terminate all or part of the Services or any function of Tree Wallet under the following circumstances:
(1) death of Users;
(2) if you steal others’ wallets information or mobile devices;
(3) if you provide false Personal Information on Tree Wallet;
(4) if you refuse to allow mandatory update of Tree Wallet;
(5) if you use Tree Wallet OSC in breach of third-party-developed Open Source License or notices of the Company;
(6) if you use Tree Wallet to commit illegal or criminal activities;
(7) if you hinder the normal use of Tree Wallet by other Users;
(8) if you pretend to be staff or management personnel of Company;
(9) if you threaten the normal operation of Company computer system by attack, invasion, alternation or any other means;
(10) if you use Tree Wallet to send spam; or
(11) if you spread rumours which endanger the goodwill of Company and Tree Wallet;
(12) if you conduct any illegal activities, breach this Agreement etc. or other circumstances under which Company reasonably considers necessary to suspend Services.
5. You are entitled to export your wallets within a reasonable amount of time if Company changes, suspends or terminates its Services.
1. You shall comply with all applicable laws and regulations of the country or area you reside in. You shall not use Tree Wallet for any unlawful purposes or by any unlawful means.
2. You shall not be an Excluded Person who can’t use Tree Wallet services.
3. You shall not use Tree Wallet to commit any illegal or unlawful activities, including but not limited to:
(1) activities endangering national security of the country or area you reside in, disclosing state secrets, overturning the government or undermining national unity;
(2) any illegal conducts, such as money laundering, illegal fund raising etc.;
(3) accessing Company services, collecting or processing the content provided by Company, intervening or attempting to intervene any Users, by the employment of any automated programs, software, network engines, web crawlers, web analytics tools, data mining tools or similar tools etc.;
(4) providing gambling information or inducing others to engage in gambling;
(5) invading into others’ Tree Wallet wallets to steal Tokens;
(6) engaging in any inaccurate or false transactions with the counterparty;
(7) committing any activities which harms or attempts to harm Tree Wallet service system and data;
(8) other activities which Company has reason to believe are inappropriate.
4. You understand and accept that you shall be responsible for any violation of law (including but not limited to the customs and/or tax regulations) or for breach of this Agreement by you and shall indemnify Company against the losses, the third-party claims or administrative penalties against Company incurred by such violation or breach, including reasonable attorney’s fees.
5. You confirm that you will pay the service fees charged by Company in time (if applicable). Company reserves the right to suspend the services when the User fails to pay service fees (if applicable).
Any personal data or information which you provide to us is also subject to our privacy policy (“Tree Wallet Privacy Policy”), which is incorporated by reference into this Agreement.
1. Company only undertakes obligations expressly set forth in this Agreement.
2. YOU ACKNOWLEDGE AND ACCEPT THAT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, Tree Wallet IS PROVIDED ON AN “AS IS”, “AS AVAILABLE” AND “WITH ALL FAULTS” BASIS. Company shall not be held liable for malfunction of Tree Wallet which results from any of the following reasons:
(1) system maintenance or upgrading of Tree Wallet;
(2) force majeure, such as typhoon, earthquake, flood, lightning or terrorist attack etc.;
(3) malfunction of your mobile device hardware and software, and failure of telecommunication lines and power supply lines;
(4) your improper, unauthorized or unrecognized use of the Services;
(5) computer viruses, trojan horse, malicious program attacks, network congestion, system instability, system or equipment failure, telecommunication failure, power failure, banking issues, government acts etc.;
(6) any other reasons not imputed to Company.
3. Company shall not be held liable due to any of the following circumstances:
(1) you losing your mobile devices, deleting Tree Wallet applications and wallets without back-up, forgetting Wallet Passwords, Private Keys without back-up, which result in the loss of such User’s Tokens;
(2) you disclosing your Wallet Passwords, Private Keys or lending or transfering your Tree Wallet wallets to others, or authorizing others to use your mobile devices or Tree Wallet wallets, or downloading Tree Wallet applications through unofficial channels, or using Tree Wallet applications by other insecure means, which result in the loss of your Tokens;
(3) you mishandling Tree Wallet (including but not limited to wrong address, failure of the node servers selected by you) , which result in the loss of Tokens;
(4) you being unfamiliar with the lack of knowledge in relation to blockchain technology and your mishandling of Tree Wallet resulting in loss of your Tokens;
(5) Tree Wallet being unable to copy accurate transaction records due to system delay or blockchain instability etc..
4. Each User shall undertake the risks and consequences arising or in connection with the following:
(1) such User’s transactions by using Third-Party Service;
(2) the use of developer mode by Users.
5. You understand that Tree Wallet is only a management tool for Tokens which is incapable to control the quality, security and legitimacy of the Third-Party Service, or the authenticity and accuracy of their information and their capabilities to fulfill the obligations under the agreements with you. You, at your sole discretion, decide whether to use the Third-Party Service. You understand that such transactions and corresponding contractual relationship are between you and your counterparty, instead of the Company. We kindly remind you to carefully review the authenticity, legitimacy, and effectiveness of related information provided by Third-Party Service before you decide to use them. In addition, you shall also assume all the risks arising from the transactions between you and any third-party-developed exchanges.
6. You acknowledge that Tree Wallet may provide services to you and your counterparty simultaneously or may have affiliation or other interest relationship with foregoing parties, and you agree to waive any actual or potential conflicts of interests and will not claim against Company on such base or burden Company with more responsibilities or duty of care.
7. Company does not warrant that:
(1) services provided by Company would satisfy all your needs;
(2) all techniques, products, services, information or other materials from Company would meet your expectations;
(3) all the transaction information in digital Tokens markets captured from the third party exchanges are prompt, accurate, complete, and reliable;
(4) your counterparties on Tree Wallet will perform their obligations in the transaction agreements with you timely.
8. You are aware that Tree Wallet is only a tool for Users to manage their Tokens and to display transaction information. Company does not provide legal, tax or investment advice. You shall seek advice from professional legal, tax, and investment advisors. In addition, Company shall not be liable for any investment loss, data loss etc. during your use of our service.
9. You understand that we may change our entry standards, limit the range and ways to provide services for specific Users etc. at any time in accordance with applicable laws and regulations.
1. No Waiver. Any failure by us to enforce this Agreement or to assert any right(s), claim(s) or causes of action against you under this Agreement shall not be construed as a waiver of our right to assert any right(s), claim(s) or causes of action against you.
2. Entire Agreement. This Agreement includes this Tree Wallet User Terms of Service, Tree Wallet Privacy Policy, and other rules posted by Company from time to time.
1. You shall fully understand and conform to the laws, regulations and rules in your jurisdictions which are relevant to use of the Services.
2. We encourage you to read this Agreement each time you log onto Tree Wallet.
3. This Agreement shall become effective on October 07, 2023.
4. As for any issues not covered in this Agreement, you shall comply with the announcements and relevant rules as updated by Company from time to time.
5.Clear explanation: In the application's description and instructions, clearly inform users that your application is not supported on simulators and virtual machines. This can help potential users understand the limitations of the app before downloading it.
6.access permissions
Camera Permission: Our app may need access to your device's camera to enable the QR code scanning feature.
Photo Library Permission: Our app may need access to your device's photo library so that you can scan QR codes and select relevant photos.
Storage Permission: We may request your authorization to allow our app to store data on your device.
When you first use these features, we will explicitly ask you to grant access to the camera, photo library, and storage permissions. Please note that you can revoke these permissions at any time in your device settings.
Log Information Collection: Logcat logs, app crash stack traces, device ID, network information, system name, system version, and country code are collected for the purpose of monitoring app performance, gathering crash reports, and enhancing the overall product experience.