8.1 terms of service

Welcome to the GroveX and GRX Chain ecosystems. These Terms of Service ("Terms") govern your access to and use of the services, websites, and applications provided by GroveX Pty Ltd ("GroveX") and the GRX Chain, which is developed and operated by GRXCHAIN Limited. By accessing or using any of our services, you acknowledge that you have read, understood, and agree to be bound by these Terms.

1. Definitions and Relationship of Entities

  • Services: Refers to the services offered by GroveX (centralised exchange) and GRXCHAIN Limited (decentralised blockchain protocol).

  • GroveX: The legal entity, GroveX Pty Ltd, which operates the centralised exchange.

  • GRXCHAIN Limited: The legal entity that develops and operates the decentralised GRX Chain.

  • You/User: The individual or entity accessing or using the Services. You acknowledge and agree that your use of the Services involves interactions with two separate legal entities and that these Terms apply to your use of both.

2. User Eligibility and Account Registration To access the GroveX exchange services, you must be at least [Age] years old and meet all identity verification requirements, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) checks, as mandated by our compliance standards. You are responsible for all activities conducted under your account and for maintaining the confidentiality of your credentials.

3. Digital Asset Risk Disclosures You understand and accept the following inherent risks:

  • Market Risk: Digital asset prices are highly volatile and subject to market fluctuations. The value of your assets can increase or decrease rapidly.

  • Technology Risk: The underlying blockchain technology, including smart contracts, may contain bugs, defects, or vulnerabilities.

  • Liquidity Risk: Digital assets may not be liquid, and you may not be able to sell them at your desired price.

  • Regulatory Risk: The regulatory landscape for digital assets is uncertain and subject to change. New regulations may impact the value or legality of your assets.

  • Counterparty Risk: Risks associated with using third-party services and smart contracts.

4. User Responsibilities

  • Compliance: You agree to comply with all applicable laws and regulations in your jurisdiction.

  • Proper Use: You agree to use the Services only for lawful purposes. You are prohibited from engaging in any fraudulent, deceptive, or malicious activities, including market manipulation.

  • Private Key Security: You are solely responsible for securing your private keys and seed phrases for any non-custodial wallets. Neither GroveX nor GRXCHAIN Limited has access to or can recover these for you.

5. Fees and Payment

  • You agree to pay all fees associated with your use of the Services, including, but not limited to, exchange trading fees, network gas fees (paid in GRX), and any other applicable charges.

6. No Financial or Investment Advice The content and services provided by GroveX and GRXCHAIN Limited are for informational and educational purposes only. They do not constitute, and should not be construed as, financial, investment, or legal advice. You are solely responsible for your own investment decisions.

7. Disclaimers and Limitation of Liability

  • Disclaimer of Warranties: The Services are provided "as is" and "as available," without any warranties, express or implied.

  • Limitation of Liability: To the maximum extent permitted by law, GroveX Pty Ltd and GRXCHAIN Limited shall not be liable for any direct, indirect, incidental, or consequential damages arising from your use of the Services. This includes, but is not limited to, losses from trading, network failures, smart contract bugs, or security breaches.

  • Specific to GRX Chain: You acknowledge that GRXCHAIN Limited does not control the network's consensus, and while it supports the chain, it is not liable for network downtime, fork-related issues, or any consequences arising from the decentralised nature of the protocol.

8. Intellectual Property All intellectual property rights related to the GroveX platform and the GRX Chain protocol are owned by GroveX Pty Ltd and/or GRXCHAIN Limited.

9. Account Suspension and Termination GroveX reserves the right to suspend or terminate your account at its sole discretion, without prior notice, if you violate these Terms or for any other reason, including compliance with legal obligations.

10. Governing Law and Dispute Resolution These Terms shall be governed by and construed in accordance with the laws of the State of [State] and the Commonwealth of Australia. Any disputes shall be resolved through [Arbitration or Legal Process].

11. Miscellaneous This document constitutes the entire agreement between you and the entities. We reserve the right to amend these Terms at any time.

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