Terms of Service

1. Acceptance of Terms

By accessing or using the Velox platform — including connecting a wallet, initiating a swap transaction, or interacting with our smart contracts — you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms in their entirety, you must not access or use the platform.

Velox reserves the right to modify these Terms at any time. Material changes will be communicated via a notice on our platform. Your continued use of the platform following the posting of revised Terms constitutes acceptance of those changes. We encourage you to review these Terms periodically.

2. Eligibility

To use the Velox platform, you represent and warrant that:

• You are at least eighteen (18) years of age or the age of legal majority in your jurisdiction, whichever is higher.
• You have the legal capacity to enter into a binding agreement.
• You are not a resident, citizen, or agent of any jurisdiction subject to comprehensive sanctions by the United States, the United Nations, the European Union, or the United Kingdom, including but not limited to Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.
• You are not listed on any trade embargo, economic sanctions list, or restricted party list maintained by OFAC, the UN Security Council, the EU, or HM Treasury.
• Your use of the platform does not violate any applicable law, regulation, or ordinance in your jurisdiction.

3. Nature of the Service

Velox is a non-custodial swap protocol that facilitates peer-to-protocol exchange of USDT (TRC-20) and TRX on the TRON blockchain. Key characteristics of the service:

• Non-Custodial. Velox does not take custody of, hold, or control user funds at any point. Swaps execute via smart contract, and settlement occurs directly to your wallet address. You retain full control of your private keys.
• Gas Sponsorship. Velox maintains a funded gas reserve on the TRON network. Transaction fees are covered by the protocol. This is a permanent feature of the platform, not a promotional offer. You are not required to hold TRX in your wallet to execute swaps.
• No Fiduciary Relationship. Velox is a software protocol, not a financial institution, exchange, broker-dealer, investment adviser, or fiduciary. Use of the platform does not create any advisory, fiduciary, or trust relationship.
• Rate Disclosure. The exchange rate applied to each swap is displayed transparently before you confirm the transaction. Rates are based on real-time liquidity and locked for a short window (typically 15 seconds).

4. Account & Wallet Terms

Velox does not require user accounts, usernames, passwords, or email registration. You interact with the platform by connecting a self-custodied TRON-compatible wallet. You are solely responsible for:

• Maintaining the security and confidentiality of your wallet's private keys, seed phrases, and authentication credentials.
• All activities that occur through your connected wallet, whether authorized by you or not.
• Ensuring your wallet contains sufficient balance of the asset you intend to swap before initiating a transaction.

Velox will never ask for your private keys, seed phrase, or wallet password. Any communication requesting such information is fraudulent and should be reported immediately.

5. Prohibited Activities

In connection with your use of the platform, you agree not to:

• Use the platform for money laundering, terrorist financing, sanctions evasion, or any other illegal activity.
• Attempt to manipulate, exploit, or interfere with the platform's pricing mechanism, rate feeds, or smart contract execution — including front-running, sandwich attacks, or oracle manipulation.
• Deploy bots, scrapers, or automated scripts that place excessive load on the platform's infrastructure or degrade service for other users.
• Attempt to circumvent any rate limits, security measures, or access controls implemented by the platform.
• Use the platform to process funds derived from illegal activities or connected to sanctioned entities.
• Reverse-engineer, decompile, or extract the platform's source code, smart contract bytecode, or proprietary algorithms.
• Impersonate Velox, its operators, or its affiliates.
• Transact using a wallet address that is flagged by blockchain analytics as high-risk or associated with illicit activity.

Velox reserves the right to block specific wallet addresses from interacting with the platform if we reasonably suspect a violation of these prohibitions. Blocked addresses are prevented from initiating new swaps; existing balances are unaffected.

6. Order Execution & Settlement

Swap transactions on Velox operate under the following execution parameters:

7. Fees & Gas Coverage

Velox operates on a transparent fee model:

• Platform Fee. A fee of 0.3% on the swapped amount is included in the displayed exchange rate. This fee funds ongoing platform development, infrastructure, and the gas reserve.
• Network Gas Fee. The TRON network transaction fee (paid in TRX, typically equivalent to approximately $0.60–$0.80 USD) is covered entirely by Velox's gas reserve. You are never charged separately for network fees.
• No Hidden Charges. The total amount you will receive — after all fees — is displayed before you confirm the transaction. The number you see is the exact number you will receive.

Velox reserves the right to adjust its fee structure. Any changes will be reflected transparently in the fee breakdown displayed before each swap. Historical fees are not retroactively applied.

8. Limitation of Liability

To the fullest extent permitted by applicable law:

9. Indemnification

You agree to indemnify, defend, and hold harmless Velox, its operators, developers, affiliates, and service providers from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your violation of these Terms; (b) your use of the platform; (c) your violation of any third-party rights; or (d) your violation of applicable law.

10. Governing Law & Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to conflict of law principles. Any dispute, controversy, or claim arising out of or relating to these Terms, including their breach, termination, or validity, shall be resolved as follows:

• Informal Resolution. You agree to first contact Velox at legal@velox.fi and attempt to resolve the dispute informally for a period of at least thirty (30) days.
• Arbitration. If informal resolution fails, disputes shall be resolved by binding arbitration administered by the International Centre for Dispute Resolution (ICDR) in accordance with its International Arbitration Rules, with the seat of arbitration in Road Town, Tortola, British Virgin Islands. The arbitration shall be conducted in English before a single arbitrator.
• Class Action Waiver. You agree to resolve disputes on an individual basis only. You waive any right to participate in a class action, class-wide arbitration, or representative proceeding.

11. Force Majeure

Velox shall not be liable for any delay or failure to perform resulting from circumstances beyond its reasonable control, including but not limited to: acts of God, natural disasters, war, terrorism, civil unrest, government orders, pandemics, labor disputes, internet or power outages, blockchain network congestion or failure, smart contract exploits by third parties, or exchange rate oracle failures.

12. Termination

Velox may suspend or terminate your access to the platform at any time, with or without cause, including for violation of these Terms. Upon termination, your right to use the platform ceases immediately. Provisions of these Terms that by their nature should survive termination shall survive, including ownership provisions, disclaimers, indemnities, and limitations of liability.

13. Miscellaneous