Terms of Service

Welcome to Bloom Protocol. These Terms of Service ("Terms") constitute a legally binding agreement between you and Bloom Protocol ("we," "our," or "us"). By accessing or using our platform, services, or smart contracts, you acknowledge that you have read, understood, and agree to be bound by these Terms.

1. Acceptance of Terms

By creating an account, connecting your wallet, or using any part of our services, you agree to these Terms and our Privacy Policy. If you do not agree to these Terms, you must not use our services.

1.1 Eligibility

You must be at least 18 years old and have the legal capacity to enter into binding agreements. By using our services, you represent and warrant that you meet these requirements.

1.2 Modifications

We reserve the right to modify these Terms at any time. Material changes will be notified through our platform. Your continued use after modifications constitutes acceptance of the updated Terms.

2. Service Description

Bloom Protocol is a decentralized platform that enables:

• Project creators to showcase and fund their initiatives
• Users to discover, support, and engage with projects
• Community-driven governance and decision-making
• Token-based rewards and incentive systems

Our services include web applications, smart contracts, APIs, and related technologies.

3. User Accounts and Wallets

3.1 Account Creation

To access certain features, you must connect a compatible cryptocurrency wallet. You are responsible for:

• Maintaining the security of your wallet and private keys
• All activities that occur under your account
• Ensuring your account information is accurate and current

3.2 Wallet Security

We do not store or have access to your private keys. Loss of private keys may result in permanent loss of access to your assets. We cannot recover lost keys or reverse blockchain transactions.

3.3 Account Termination

We may suspend or terminate accounts that violate these Terms, engage in fraudulent activities, or pose risks to our platform or users.

4. Acceptable Use Policy

4.1 Permitted Use

You may use our services for lawful purposes and in accordance with these Terms.

4.2 Prohibited Activities

You agree not to:

• Violate any applicable laws, regulations, or third-party rights
• Use the platform for fraudulent, deceptive, or misleading activities
• Create multiple accounts to manipulate voting or reward systems
• Attempt to gain unauthorized access to our systems or other users' accounts
• Distribute malware, spam, or harmful content
• Engage in market manipulation or wash trading
• Impersonate others or misrepresent your affiliation
• Scrape or harvest data without permission
• Interfere with the proper functioning of our services
• Use automated systems or bots without authorization

5. Projects and Content

5.1 Project Submissions

Project creators are solely responsible for:

• The accuracy and legality of their project information
• Fulfilling any promises or obligations to supporters
• Compliance with applicable laws and regulations
• Obtaining necessary licenses, permits, or approvals

5.2 User-Generated Content

By posting content, you grant us a worldwide, non-exclusive, royalty-free license to use, display, and distribute such content on our platform.

5.3 Content Standards

All content must be lawful, respectful, and not infringe on third-party rights. We reserve the right to remove content that violates these Terms.

6. Tokens and Digital Assets

6.1 Nature of Tokens

Bloom Protocol tokens are utility tokens that provide access to platform features. They are not securities, investment contracts, or financial instruments.

6.2 Token Risks

You acknowledge that:

• Token values can be highly volatile
• Tokens may lose all value
• Regulatory changes may affect token utility
• Technical issues may result in loss of tokens

6.3 No Investment Advice

We do not provide investment, financial, tax, or legal advice. You should consult appropriate professionals before making decisions.

7. Fees and Payments

7.1 Platform Fees

We may charge fees for certain services, which will be clearly disclosed. Fees are subject to change with notice.

7.2 Gas Fees

You are responsible for blockchain network fees (gas fees) associated with transactions.

7.3 Refunds

Due to the immutable nature of blockchain transactions, refunds are generally not possible. Exceptions may be made at our sole discretion.

8. Intellectual Property

8.1 Platform Content

All platform content, including designs, text, graphics, logos, and software, is our property or licensed to us and protected by intellectual property laws.

8.2 Limited License

We grant you a limited, non-exclusive, non-transferable license to use our services for personal, non-commercial purposes.

8.3 Feedback

Any feedback or suggestions you provide may be used by us without obligation or compensation to you.

9. Privacy and Data Protection

Your use of our services is subject to our Privacy Policy. By using our services, you consent to our data practices as described in the Privacy Policy.

10. Third-Party Services

10.1 External Links

Our platform may contain links to third-party websites or services. We are not responsible for their content or practices.

10.2 Wallet Providers

Your interactions with wallet providers and other third-party services are governed by their respective terms and policies.

11. Disclaimers

11.1 Service Availability

Services are provided "as is" and "as available" without warranties of any kind. We do not guarantee:

• Uninterrupted or error-free service
• Accuracy or reliability of information
• Achievement of any particular results

11.2 Blockchain Risks

You acknowledge inherent risks in blockchain technology, including:

• Smart contract vulnerabilities
• Network congestion or failures
• Hard forks or protocol changes
• Regulatory uncertainty

12. Limitation of Liability

12.1 Exclusion of Damages

To the maximum extent permitted by law, we shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, or use.

12.2 Liability Cap

Our total liability shall not exceed the greater of $100 USD or the amount you paid us in the past 12 months.

12.3 Exceptions

Some jurisdictions do not allow limitation of certain warranties or liability, so some limitations may not apply to you.

13. Indemnification

You agree to defend, indemnify, and hold us harmless from any claims, damages, losses, and expenses (including legal fees) arising from:

• Your use of our services
• Your violation of these Terms
• Your violation of any third-party rights
• Your user-generated content

14. Dispute Resolution

14.1 Informal Resolution

Before initiating formal proceedings, parties agree to attempt good-faith informal resolution of disputes.

14.2 Arbitration

Disputes that cannot be resolved informally shall be settled through binding arbitration in accordance with applicable arbitration rules.

14.3 Class Action Waiver

You waive any right to participate in class actions or class arbitrations against us.

15. Governing Law

These Terms are governed by and construed in accordance with applicable laws, without regard to conflict of law principles.

16. General Provisions

16.1 Entire Agreement

These Terms and referenced policies constitute the entire agreement between you and us.

16.2 Severability

If any provision is found unenforceable, the remaining provisions shall continue in effect.

16.3 No Waiver

Our failure to enforce any right or provision shall not constitute a waiver.

16.4 Assignment

You may not assign these Terms without our consent. We may assign our rights and obligations without restriction.

16.5 Force Majeure

We shall not be liable for failures or delays due to circumstances beyond our reasonable control.

17. Contact Information

For questions about these Terms of Service, please contact us:

Email: [email protected]

Effective Date: December 18, 2024
Last Revision: December 18, 2024