Terms and Conditions
Terms and Conditions
Last Updated: December 13, 2024
Welcome to BitcoinL2 Labs’ website (the “Website”). By accessing or using the Website, you agree to these Terms and Conditions (“Terms”). If you do not agree with these Terms, you must immediately stop using the Website.
1. Introduction
BitcoinL2 Labs (“we,” “us,” or “our”) provides this Website to support the sBTC Rewards Program, enabling users to interact with decentralised smart contracts for the delegation of STX staking rewards to sBTC holders. BitcoinL2 Labs’ role is strictly limited to building, maintaining, and providing technical support for this Website and its associated smart contract functionality.
2. Conditions to access and use of website
Use and access to the website is based on you acknowledging, accepting and agreeing to each of the following conditions below (together, the “Conditions”):
BitcoinL2 Labs does not own, control, manage, or profit from the sBTC token, its ecosystem, or any related projects.
BitcoinL2 Labs does not sponsor, endorse, or promote the sBTC token, its rewards program, or any associated activities.
References to sBTC or related projects on this Website are for informational purposes only and do not constitute financial, legal, or investment advice.
The sBTC Rewards Program operates independently through decentralised smart contracts. Participation is entirely voluntary and at the sole discretion and risk of users.
BitcoinL2 Labs reserves the right in its sole and absolute discretion to terminate or suspend access to the Website for any actual or perceived failure by any user to acknowledge, accept or agree to the Conditions.
3. Limited Role of BitcoinL2 Labs
BitcoinL2 Labs’ involvement is limited to:
Developing and maintaining the Website and its technical infrastructure.
Providing access to the smart contracts that enable reward routing functionality.
BitcoinL2 Labs does not:
Operate, manage, or control the sBTC Rewards Program.
Influence, direct, or profit from user participation in the sBTC Rewards Program.
Any interactions between users and the sBTC Rewards Program are governed by the smart contracts, and BitcoinL2 Labs disclaims all liability for the operation of these contracts or their outcomes.
4. Use of the Website
Subject to your acceptance and agreement to the Conditions and for so long as none of the Prohibited Actions have occurred or are continuing, you are granted a limited, non-exclusive, non-transferable, and revocable license to access and use the Website solely for lawful purposes.
By using the Website and participating in the sBTC Rewards Program, you explicitly acknowledge and agree that:
Blockchain-based systems involve inherent risks, including but not limited to technical errors, user mistakes, loss of assets, malicious third-party actions, and regulatory uncertainties.
You bear sole responsibility for understanding these risks and taking all necessary measures to mitigate them, such as using secure wallets, conducting thorough due diligence on third-party services, and safeguarding your private keys and other access credentials.
By using the Website and participating in the sBTC Rewards Program, you assume all risks associated with decentralised finance (DeFi) activities, including but not limited to:
Loss of digital assets due to smart contract vulnerabilities.
Regulatory changes affecting the sBTC Rewards Program or its legality in your jurisdiction.
Technical failures or misconfigurations in blockchain systems.
5. No Responsibility for Third Party Content
Any services or content accessible through the Website relating to the sBTC token, its ecosystem, or associated projects is third-party content. BitcoinL2 Labs does not own, control, verify, update, or manage such services or content and assumes no responsibility for its quality, accessibility, compatibility, suitability, accuracy or completeness. Users are advised to independently verify all information and consult professional advisers before making decisions.
6. No Guarantees of Yield
BitcoinL2 Labs does not guarantee any specific yield or return from participation in the sBTC Rewards Program. Any yield figures, including but not limited to the advertised 5%, are estimates based on potential blockchain performance and may vary significantly. Actual returns are determined by the smart contract functionality and other external factors, which are outside the control of BitcoinL2 Labs.
7. No Warranties on the Website
BitcoinL2 Labs does not guarantee that the Website or associated smart contracts will be free of errors, interruptions, or vulnerabilities. The Website, the services made available on the Website and its content are provided “as is” and “as available.” To the fullest extent permitted by law, BitcoinL2 Labs disclaims all express or implied warranties, including but not limited to:
Fitness for a particular purpose.
Non-infringement.
Accuracy, timeliness, or completeness of the Website’s content.
Furthermore, BitcoinL2 Labs disclaims all responsibility and liability for:
Losses, errors, or damages arising from your interactions with third-party services, applications, or providers, even if accessed via the Website.
Delays, breaches, or inaccuracies caused by third-party systems or their operational failures.
8. Prohibited Users
Access to the Website and participation in the sBTC Rewards Program is strictly prohibited for users located in restricted or sanctioned jurisdictions, including but not limited to North Korea (DPRK), Iran, Syria, Cuba, and the Crimea, Donetsk, and Luhansk regions of Ukraine.
Any other jurisdiction subject to comprehensive sanctions or embargoes by the United Nations, the U.S. Office of Foreign Assets Control (“OFAC”), the UK Office of Financial Sanctions Implementation (“OFSI”), the European Union (the “EU”), or similar authorities.
Individuals or entities appearing on sanctions lists, including but not limited to those maintained by OFAC, OFSI, the EU, or the United Nations Security Council.
Users engaging in activities in breach of applicable laws or regulations, including but not limited to money laundering, terrorism financing, or fraudulent activities.
9. Prohibited Uses
You agree not to:
use the Website for illegal purposes or activities that violate applicable laws or regulations including but not limited to money laundering, fraud, or terrorism financing;
access the Website by circumventing geographic, legal, or other restrictions, such as by using VPNs or similar tools;
use the services available on the Website for engaging with or transacting with prohibited parties, including those on government sanctions lists;
introduce viruses, malware, or other harmful material that could disrupt the Website;
attempt to gain unauthorised access to the Website, its systems, or its underlying smart contracts; and/or
misrepresent your identity or engage in fraudulent activities while using the Website,
(collectively, the “Prohibited Actions”)
BitcoinL2 Labs reserves the right to suspend or terminate your access to the Website if prohibited use is detected or reasonably suspected.
10. Limitation of Liability
To the maximum extent permitted by law BitcoinL2 Labs shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or goodwill, arising from:
your use of or inability to use the Website;
errors, inaccuracies, or delays in Website content; and/or
interactions with the sBTC Rewards Program or smart contracts.
Furthermore, BitcoinL2 Labs is not liable for losses caused by third-party content, systems, or interactions with decentralised smart contracts. Any claims or disputes relating to the Website shall be limited to the direct damages incurred, capped at USD $100.
11. Changes to These Terms
BitcoinL2 Labs reserves the right to modify or update these Terms at any time without prior notice. Changes will take effect upon posting to the Website. Your continued use of the Website constitutes acceptance of the updated Terms.
12. Governing Law and Jurisdiction
These Terms and any dispute, claim, suit, action or proceeding of whatever nature arising out of or in any way related to them or their formation (including any non-contractual disputes or claims) are governed by, and shall be construed in accordance with, the laws of the Cayman Islands. Subject to Clause 10 below, the parties irrevocably agree that the courts of the Cayman Islands shall have exclusive jurisdiction to hear and determine any claim, suit, action or proceeding, and to settle any disputes, which may arise out of or are in any way related to or in connection with this Website and, for such purposes, the parties irrevocably submit to the exclusive jurisdiction of such courts.
In the event of any claims, disputes and controversies arising from or in connection with this Website, the prevailing party shall be entitled to legal fees, expenses of litigation and/or arbitration (including expert witnesses) and costs, both in connection with obtaining and collecting any judgment and/or arbitration award, in addition to any other relief to which that party may be entitled.
13. Binding Arbitration
All claims, disputes and controversies arising from or in connection with this Website may, at the option of BitcoinL2 Labs, be subject to binding arbitration to be held in the Cayman Islands before a retired judge or senior lawyer to be appointed by BitcoinL2 Labs. The arbitration will be conducted in English and in accordance with the London Court of International Arbitration Rules. The arbitrator’s award shall be final and binding and may be entered in or enforced by any competent court. If court action (including any kind of claim, suit or proceeding) has been initiated by you against BitcoinL2 Labs at or prior to the time BitcoinL2 Labs elects to refer the issue to arbitration as provided for under this Website, then it is agreed that such action shall be discontinued, unless any arbitrator appointed determines that BitcoinL2 Labs have waived the right to such a discontinuance by participating in the action without having raised, reserved or asserted its rights under this provision.
14. No Fiduciary Relationship
BitcoinL2 Labs does not act as your broker, intermediary, agent, or advisor and owes no fiduciary duties to you. Your use of the Website and associated services is entirely at your own risk and discretion. You are solely responsible for your decisions and actions when interacting with third-party services, blockchain systems, or any related functionalities.
15. Indemnification
You agree to indemnify, defend, and hold harmless BitcoinL2 Labs, its affiliates, officers, directors, employees, and agents from and against any and all claims, losses, liabilities, damages, expenses (including legal fees), or demands arising from:
Your use of the Website or third-party services accessed through it.
Your breach of these Terms.
Your violation of applicable laws, regulations, or the rights of third parties.
16. No Guarantee of Service Availability
BitcoinL2 Labs makes no guarantees or assurances regarding the availability, uptime, or uninterrupted functionality of the Website or associated services. Access to the Website may be suspended, restricted, or terminated without prior notice for reasons including, but not limited to, maintenance, technical issues, legal constraints, or events beyond BitcoinL2 Labs’ reasonable control.
17. Privacy and Data Security
BitcoinL2 Labs does not collect or store sensitive personal information through the Website. However, certain metadata related to your use of the Website (e.g., IP addresses or transaction data) may be collected for operational purposes. You are solely responsible for ensuring the security of your personal data and digital assets when interacting with third-party services or blockchain systems.
18. Severability
If any provision of these Terms is found to be invalid, unenforceable, or contrary to applicable law, the remaining provisions shall remain in full force and effect and continue to be binding and enforceable.
19. Force Majeure
Neither BitcoinL2 Labs nor its affiliates shall be liable for any failure or delay in the performance of any obligation under these Terms due to causes beyond its reasonable control, including but not limited to:
Acts of God.
Telecommunications or utility failures.
Cyberattacks or hacking incidents.
Earthquakes, storms, or other natural disasters.
Pandemics or epidemics.
Blockades, embargoes, or riots.
Acts or orders of government authorities.
Acts of terrorism or war.
If such an event occurs, BitcoinL2 Labs will make reasonable efforts to resume service as soon as practicable.
20. User Acknowledgement
By using the Website, you confirm and agree that:
You possess sufficient knowledge and understanding to interact with blockchain-based systems, digital assets, and related technologies responsibly.
You assume full responsibility for understanding and managing the risks outlined in these Terms and for participating in the sBTC Rewards Program.
You agree use of third-party services accessible through the Website is at your sole risk and subject to the terms and conditions of those third parties.
You have read, understood, and accepted these Terms, including all limitations of liability, disclaimers, and responsibilities.
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