TERMS AND SERVICES
Last Updated: January 29, 2019
Welcome! DApps Platform, Inc. (“we,” “our,” or “us”) provides its
services through its website located at yesbit.pro and
related mobile applications and products
(collectively the “Services” or “Yesbit-wallet”).
Before using our Services, please read the Terms of Service
(the “Terms” or the “Agreement”) carefully,
along with any other policies or notices on Yesbit-wallet’s
Together, these materials contain terms, rules, and guidelines
related to your use of Yesbit-wallet.
We know that Terms can be long and confusing, so we will do our
best to keep things as clear and concise as possible.
This section provides a brief summary of the highlights of this Agreement.
Please note that when you accept this Agreement, you are accepting
all of the terms and conditions and not just this section.
By creating or importing a wallet, downloading or running our
mobile application, or visiting our website, you are agreeing
to our Terms, so please read carefully.
These terms outline approved uses of Yesbit-wallet, various
licenses that we grant to you, and licenses that you grant us.
If you have any questions or comments related to this Agreement,
please send us a message on our website at email@example.com or
contact us through our social medias.
If you do not agree to this Agreement or any modifications to
this Agreement, you should not use our Services.
HOW YOU ACCEPT THIS POLICY
By creating or importing a locally hosted wallet (a “Wallet”),
or visiting our website, you acknowledge that you have read,
understood, and agreed to these Terms, as well as the accompanying
We reserve the right to change these Terms at any time.
Any such changes with respect to your use of Yesbit-wallet
will take effect immediately when posted on our website or
on our mobile application.
Your continued use of Yesbit-wallet following any such change
will signify your acceptance to be bound by the then current Terms.
Please check the effective date above to determine if there have
been any changes since you have last reviewed these Terms.
If you do not agree to this Agreement or any modifications to
this Agreement, you should not use Yesbit-wallet.
Failure or delay by Yesbit-wallet in enforcing or partially enforcing
any provision of these Terms shall not be construed as a waiver of any rights.
To be eligible to use Yesbit-wallet, you must be at least eighteen (18)
years old and be able to form legally binding contracts.
If you are using our Services on behalf of a legal entity,
you further represent and warrant that:
the legal entity is duly organized and validly existing under
the applicable laws of the jurisdiction of its organization; and
you are duly authorized by such legal entity to act on its behalf.
You can only use our Services if permitted under the laws of your jurisdiction.
Please make sure that these Terms are in compliance with all laws, rules,
and regulations that apply to you.
By using Yesbit-wallet, you represent and warrant that you meet all eligibility
requirements that we outline in these Terms.
We may still refuse to let certain people access or use Yesbit-wallet, however,
and we reserve the right to change our eligibility criteria at any time.
THE BLOCKCHAIN SERVICES
Yesbit-wallet is software that:
generates Wallet addresses and encrypted private keys that you may use
to send and receive Ethereum and related cryptographically secured tokens
(the “Virtual Currency”);
allows users to browse decentralized applications and trade cryptocurrencies
(includes yesbit.pro and other third-party ones)
(“DApps” or “DApp”) through the mobile application’s DApp browser; and
facilitates the submission of Virtual Currency transaction data to
Ethereum-based blockchains (the “Ethereum Networks”) without requiring you to
download or install the associated Ethereum-based software to your local device.
Wallet Address, Private Key, and Backup Capabilities.
An encrypted backup of certain information associated with the Wallet can
be stored on your device in Keystore JSON format.
The private key is connected to the Wallet address and, together, they
can be used to authorize the transfer of Virtual Currency to and from
that Wallet address.
You are solely responsible for maintaining the security of your private
key and any mnemonic (backup) phrase associated with your Wallet. You must
keep your Wallet address, mnemonic (backup) phrase, and private key access
information secure. Failure to do so may result in the loss of control of
Virtual Currency associated with the Wallet.
Yesbit-wallet Cannot Assist With Password Retrieval.
Yesbit-wallet stores your Wallet address but does not receive or store
your Wallet password, encrypted private key, unencrypted private key,
or mnemonic (backup) phrase associated with your Wallet.
We cannot, therefore, assist you with Wallet password retrieval.
We cannot generate a new password for your Wallet if you fail to remember
your original password.
If you have not safely stored a backup of any Wallet address and private
key pairs maintained in your Wallet, you accept and acknowledge that any
Virtual Currency you have associated with such a Wallet address will
become inaccessible if you do not have your Wallet password.
Virtual Currency Transactions.
In order to be completed, all proposed Virtual Currency transactions must
be confirmed and recorded in the Virtual Currency’s associated public blockchain.
Such networks are decentralized, peer-to-peer networks supported by independent
third parties, which we do not own, control, or operate. We have no control over
the Ethereum Networks and, therefore, cannot and do not ensure that any transaction
details that you submit via our Services will be confirmed and processed.
By using Yesbit-wallet, you acknowledge and agree that the transaction details you
submit may not be completed, or may be substantially delayed, by the Ethereum Networks.
Yesbit-wallet Does Not Store or Transmit Virtual Currency.
We do not store, send, or receive Virtual Currency.
Any transfer that occurs in any Virtual Currency occurs on the Ethereum-based
blockchains and not on a network owned by us.
We therefore do not guarantee that Yesbit-wallet can affect the transfer of
title or right in any Virtual Currency.
Accuracy of Information Provided by User.
You represent and warrant that any information you provide via the Services is
accurate and complete.
You accept and acknowledge that we are not responsible for any errors or omissions
that you make in connection with any Virtual Currency transaction initiated
via the Services.
We strongly encourage you to review your transaction details carefully before
attempting to transfer a Virtual Currency.
WALLET REGISTRATION AND ACCOUNT INFORMATION
You must either import or create a Wallet in order to use Yesbit-wallet.
When you create a Wallet, you will be assigned a private key.
You will be prompted to download and save a keystore - your private key
encrypted with a password.
You will be responsible for maintaining the confidentiality of your private
key and keystore, and will be fully responsible for any and all activities
that occur under your account.
You agree to immediately notify us of any unauthorized use of your password,
account, or any other breach of security.
We will not be liable for any loss or damage arising from your failure to
comply with this paragraph.
When you create a Wallet, you are strongly advised to take precautions in
order to avoid loss of access to and/or control over your Wallet.
Suggested measures include, but are not limited to, the following:
creating a strong password that you do not use for any other website or online service;
using the backup functionality provided by the Wallet or safeguard your private key and
mnemonic (backup) phrase on an external hard drive which, all users, especially users who
have more than $100,000 USD in assets, are encouraged to do even if they are utilizing the
Services’ backup functionality;
maintaining the security of your Wallet by protecting the private key and mnemonic (backup)
phrase associated with your Wallet by, for example, limiting access to your computer and
your Wallet; and
promptly notifying us if you discover or otherwise suspect any security breaches related to your Wallet.
Payment and Fees.
Yesbit-wallet does not currently charge any fees for any of its Services.
However, we reserve the right to do so in the future and, in such case,
any applicable fees will be displayed prior to you using any service to
which a fee applies.
Once transaction details have been submitted via the Services, we cannot
assist you to cancel or otherwise modify your transaction.
Yesbit-wallet has no control over any Ethereum-based blockchain and does
not have the ability to facilitate any cancellation or modification requests.
You must ensure that you have an adequate balance in your Wallet and/or gas
to complete transactions before initiating a transaction.
You acknowledge and agree that we will not be liable for any failed transactions
due to insufficient funds or gas associated with your Yesbit-wallet account.
It is your responsibility to determine what, if any, taxes apply to the
transactions that you have submitted transaction details for via the Services,
and it is your responsibility to report and remit the correct tax to the
appropriate tax authority.
You agree that we are not responsible for determining whether taxes apply to
your Ethereum-based transactions or for collecting, reporting, withholding,
or remitting any taxes arising from any Virtual Currency-related transactions.
THRID PARTY SERVICES AND CONTENT
In using our Services, you may view content or utilize services provided by
third parties and explore DApps by using Yesbit-wallet’s DApp browser
(the “Third Party Services”).
We have no control over the content and policies of these Third Party Services
(the “Third Party Content”) and, in no event, shall we be held responsible or
liable for the accuracy, reliability, or currentness of any third party’s
content or policies.
Users who conduct transactions or take part in other activities through the
Third Party Services do so at their own risk and we shall not be held responsible
or liable for the Third Party Services’ compliance with state or federal laws and
Users who access or use a Third Party Service through Yesbit-wallet are also solely
responsible for complying with the terms and policies of these third parties.
In no event shall a description or reference to a third party’s product or service
(including, but not limited to, providing a description or reference via hyperlink)
be construed as an endorsement or promotion of such third party products or services
by us. We retain the exclusive right to add to, modify, or cancel the availability of
any Third Party Service.
Yesbit-wallet was developed under a GPL open source license.
Information regarding Yesbit-wallet’s current software can be found at
Since software development is community-based, it can be accessed, used, and shared,
in modified or unmodified form, by anyone.
Please be aware that GPL is a copyleft license, which means that any derivative works
can only be distributed under the same license terms as the original software.
If you have any questions, you should review GNU’s terms and conditions at
Yesbit-wallet also contains copyrighted material and trademarks including, but not limited
to, text and graphics (the “Content”), which is protected by copyright law, registered and
unregistered trademarks, and other intellectual property rights.
Unless otherwise provided, we exclusively own the Content.
Your use of the Services does not grant you any right, title, or interest in the Content.
You agree that you will not copy, transmit, distribute, sell, license, create derivative
works from, or, in any other way, exploit any of the Content, in whole or in part.
YOUR USE OF YESBIT-WALLET
As a user of the Services, we grant you a limited, personal, non-commercial, non-exclusive,
non-transferable, and revocable license to use Yesbit-wallet.
When using our Services, we ask that you follow some basic rules:
Do Not Use Our Service to Break Law.
You agree that you will not violate any laws when using our Services.
This includes any local, provincial, state, federal, national, or international laws that may
apply to you.
You agree that you will not use our Services to pay for, support, or otherwise engage in any
illegal activities including, but not limited to, illegal gambling, fraud, money laundering,
or terrorist activities.
If we discover that you have violated this Agreement or other regulatory requirements including,
but not limited to, the Bank Secrecy Act, by participating in money laundering or by financing
terrorist activities, we will take proportional disciplinary action.
You further agree not to encourage or induce any third party to engage in any of the activities
prohibited under this Section.
Do Not Interfere With Other's Use of the Service.
You agree that you will not use or attempt to use another user’s Wallet without authorization
or use our Services in any manner that could interfere, disrupt, negatively affect, or inhibit
other users from fully enjoying it.
Do Not Try to Harm Our System.
You agree not to distribute any virus or other harmful computer code through Yesbit-wallet.
You also agree to not take any action that may impose an unreasonable or disproportionately
large load on our or any of our third party providers’ infrastructure.
Don’t Attempt to Circumvent Our Security.
You agree not to bypass, circumvent, or attempt to bypass or circumvent any measures that
we may use to prevent or restrict access to the Services including, without limitation,
other accounts, computer systems, or networks connected to the Services.
Any use of Yesbit-wallet other than as specifically authorized in this Agreement, without
our prior written permission, is strictly prohibited and will terminate your license to use
LIMITATION OF LIABILITY & DISCLAIMER OF WARRANTIES
You understand and agree that we have no control over, and no duty to take any action regarding:
Failures, disruptions, errors, or delays in processing Virtual Currency that you may
experience while using the Services;
The risk of failure of hardware, software, and Internet connections;
The risk of malicious software being introduced or found in the software underlying Yesbit-wallet;
The risk that third parties may obtain unauthorized access to information stored within your Wallet,
including, but not limited to your Wallet address, private key, and mnemonic (backup) phrase; and
The risk of unknown vulnerabilities in or unanticipated changes to the Ethereum Networks.
You release us from all liability related to any losses, damages, or claims arising from:
User error such as forgotten passwords, incorrectly constructed transactions,
or mistyped Virtual Currency addresses;
- Server failure or data loss;
- unauthorized access to the Yesbit-wallet application;
- bugs or other errors in the Yesbit-wallet software; and
any unauthorized third party activities, including, but not limited to,
the use of viruses, phishing, brute forcing, or other means of attack
We make no representations concerning any Third Party Content contained in or accessed through our Services.
Any other terms, conditions, warranties, or representations associated with such content, are solely between
you and such organizations and/or individuals.
Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE OR ANY OF OUR OFFICERS, DIRECTORS,
REPRESENTATIVES, AGENTS, SERVANTS, COUNSEL, EMPLOYEES, CONSULTANTS, LAWYERS, AND OTHER PERSONNEL AUTHORIZED
TO ACT, ACTING, OR PURPORTING TO ACT ON OUR BEHALF (COLLECTIVELY THE “DApps Platform PARTIES”) BE LIABLE
TO YOU UNDER CONTRACT, TORT, STRICT LIABILITY, NEGLIGENCE, OR ANY OTHER LEGAL OR EQUITABLE THEORY, FOR:
ANY LOST PROFITS, DATA LOSS, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES,
OR DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, COMPENSATORY, OR CONSEQUENTIAL
DAMAGES OF ANY KIND WHATSOEVER RESULTING FROM:
- YOUR USE OF, OR CONDUCT IN CONNECTION WITH, OUR SERVICES;
ANY UNAUTHORIZED USE OF YOUR WALLET ADDRESS AND/OR PRIVATE KEY DUE TO YOUR FAILURE
TO MAINTAIN THE CONFIDENTIALITY OF YOUR WALLET;
- ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICES; OR
ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT ARE FOUND IN THE YESBIT-WALLET
SOFTWARE OR THAT MAY BE TRANSMITTED TO OR THROUGH OUR SERVICES BY ANY THIRD PARTY
(REGARDLESS OF THE SOURCE OF ORIGINATION),
ANY DIRECT DAMAGES IN EXCESS OF (IN THE AGGREGATE) OF THE GREATER OF:
- FEES PAID TO US FOR THE APPLICABLE PRODUCTS; OR
THESE LIMITATIONS APPLY REGARDLESS OF LEGAL THEORY, WHETHER BASED ON TORT, STRICT LIABILITY,
BREACH OF CONTRACT, BREACH OF WARRANTY, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT WE
WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL
OR INCIDENTAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
YESBIT-WALLET IS PROVIDED "AS IS" AND WITHOUT WARRANTY OF ANY KIND.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE DISCLAIM ALL REPRESENTATIONS AND WARRANTIES,
EXPRESS OR IMPLIED, RELATING TO THE SERVICES AND UNDERLYING SOFTWARE OR ANY CONTENT ON
THE SERVICES, WHETHER PROVIDED OR OWNED BY US OR BY ANY THIRD PARTY, INCLUDING WITHOUT
LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE,
NON-INFRINGEMENT, FREEDOM FROM COMPUTER VIRUS, AND ANY IMPLIED WARRANTIES ARISING FROM
COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE IN TRADE, ALL OF WHICH ARE EXPRESSLY
DISCLAIMED. IN ADDITION, WE DO NOT REPRESENT OR WARRANT THAT THE CONTENT ACCESSIBLE VIA
THE SERVICES IS ACCURATE, COMPLETE, AVAILABLE, CURRENT, FREE OF VIRUSES OR OTHER HARMFUL
COMPONENTS, OR THAT THE RESULTS OF USING THE SERVICES WILL MEET YOUR REQUIREMENTS.
SOME STATES DO NOT ALLOW THE DISCLAIMER OF IMPLIED WARRANTIES, SO THE FOREGOING DISCLAIMERS
MAY NOT APPLY TO YOU. THIS PARAGRAPH GIVES YOU SPECIFIC LEGAL RIGHTS AND YOU MAY ALSO HAVE
OTHER LEGAL RIGHTS THAT VARY FROM STATE TO STATE.
To the extent permitted by applicable law, you agree to defend, indemnify, and hold harmless
DApps Platform Parties from and against any and all claims, damages, obligations, losses,
liabilities, costs or debt, and expenses (including, but not limited to, attorney’s fees)
- your use of and access to the Services;
- any feedback or submissions you provide to us concerning Yesbit-wallet;
- your violation of any term of this Agreement; or
- your violation of any law, rule, or regulation, or the rights of any third party.
TIME LIMITATION ON CLAIMS
You agree that any claim you may have arising out of or related to your relationship with
us must be filed within one year after such claim arises, otherwise, your claim in
No matter where you’re located, the laws of the province of Ontario and of Canada will govern these
Terms and the parties’ relationship as if you signed these Terms in Canada, without
regard to Canada's conflicts of laws rules.
If any provisions of these Terms are inconsistent with any applicable law, those
provisions will be superseded or modified only to the extent such provisions are inconsistent.
You waive any objection based on lack of personal jurisdiction, place of residence,
improper venue, or forum non conveniens in any such action.
NOTE TO INTERNATIONAL USERS
If you are a user accessing or using our Services from a region with laws or regulations
governing personal data collection, use, and disclosure that differ from United States
laws, please be advised that we do not collect or process your personal data, except as
In the event of termination concerning your license to use Yesbit-wallet, your obligations
under this Agreement will still continue.
Your access to the funds in your Wallet after termination will depend on your access to
your backup of your Wallet address and private key.
DISCONTINUANCE OF SERVICES
We may, in our sole discretion and without cost to you, with or without prior notice,
and at any time, modify or discontinue, temporarily or permanently, any portion of our
You are solely responsible for storing outside of the Services a backup of any Wallet
address and private key pair that you maintain in your Wallet.
Maintaining an external backup of any Wallet address and private key pairs associated
with your Wallet will allow you to access the Ethereum Networks upon which your Wallet
Such a backup will allow the user to fully restore their Wallet at any time without
cost or loss of the user’s Virtual Currency.
If you do not maintain a backup of your Wallet data outside of the Services, you will
be not be able to access the Virtual Currency associated with your Wallet.
Yesbit-wallet shall not be held responsible or liable for any loss of Virtual Currency
in the event that we discontinue or depreciate the Services.
Our failure to exercise or delay in exercising any right, power, or privilege under
this Agreement shall not operate as a waiver;
nor shall any single or partial exercise of any right, power, or privilege preclude
any other or further exercise thereof.
If it turns out that any part of this Agreement is invalid, void, or for any reason
unenforceable, that term will be deemed severable and limited or eliminated to the
minimum extent necessary.
The limitation or elimination of the term will not affect any other terms.
ARBITRATION & WAIVER OF CLASS ACTION
The parties agree to arbitrate any dispute arising from this Agreement or your use
of the Services on an individual basis.
ARBITRATION PREVENTS YOU FROM SUING IN COURT OR FROM HAVING A JURY TRIAL.
THE PARTIES HEREBY EXPRESSLY WAIVE TRIAL BY JURY.
The parties agree that:
- any arbitration will occur in San Francisco, California; and
the arbitration will be conducted confidentially by a single arbitrator
in accordance with the rules of American Arbitration Association for arbitration
of consumer-related disputes, in the English language, and with limited discovery.
At your request, hearings may be conducted in person or by telephone and the arbitrator
may provide for submitting and determining motions on briefs, without oral hearings.
Other than class procedures and remedies discussed below, the arbitrator has the authority
to grant any remedy that would otherwise be available to a court or other tribunal.
THE PREVAILING PARTY IN ANY ACTION OR PROCEEDING TO ENFORCE THESE TERMS SHALL BE ENTITLED
TO COSTS AND ATTORNEYS' FEES.
THE ARBITRAL DECISION MAY BE ENFORCED IN ANY COURT. WHETHER THE DISPUTE IS HEARD IN
ARBITRATION OR IN COURT, YOU AND Yesbit-wallet WILL NOT COMMENCE AGAINST THE OTHER A
CLASS ACTION, CLASS ARBITRATION, OR REPRESENTATIVE ACTION OR PROCEEDING.
We shall not be held liable for any delays, failure in performance, or interruptions of
service which result directly or indirectly from any cause or condition beyond our
reasonable control, including but not limited to:
any delay or failure due to any act of God, act of civil or military authorities, act
of terrorism, civil disturbance, war, strike or other labor dispute, fire, interruption
in telecommunications or Internet services or network provider services, failure of
equipment and/or software, other catastrophe, or any other occurrence which is beyond
our reasonable control and shall not affect the validity and enforceability of any
You agree that we may assign any of our rights and/or transfer, sub-contract, or delegate
any of our obligations under these Terms.
Your agreement to these Terms is personal to you and you may not transfer or assign it
to any third party.
This Agreement sets forth the entire understanding and agreement as to the subject matter
hereof and supersedes any and all prior discussions, agreements, and understandings of any
kind (including, without limitation, any prior versions of this Agreement) and every nature
Except as provided for above, any modification to this Agreement must be in writing and must
be signed by both parties.
QUESTIONS OR COMMENTS
We welcome comments, questions, concerns, or suggestions.
Please send us a message on our contact page at admin@yesbit,ca or via provided social medias.