Terms of Service
Last Revised: 28 July 2025
IMPORTANT NOTICE — READ CAREFULLY
BY CLICKING “I AGREE,” CONNECTING A DIGITAL‑ASSET WALLET, OR OTHERWISE ACCESSING OR USING THE PLATFORM OR ANY SERVICES (AS DEFINED BELOW), YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD AND AGREE TO BE LEGALLY BOUND BY THESE TERMS OF SERVICE (THE “TERMS” OR THIS “AGREEMENT”). IF YOU DO NOT ACCEPT EVERY PROVISION OF THESE TERMS, DO NOT ACCESS OR USE THE SERVICES.
PLAIN‑ENGLISH SUMMARY
The interface is non‑custodial—you alone control your wallet and assets.
Crypto is high‑risk—you may lose your entire balance and transactions are irreversible.
Pre‑deposits confer no token right, yield, or launch guarantee.
Do NOT use the Services from the United States, sanctioned countries, or other Restricted Jurisdictions.
Bentobox Labs gives no financial, tax, or legal advice and is not your broker or agent.
Disputes are subject to binding Sharjah arbitration and no class actions.
This summary is for convenience only and is not legally binding. Read the full Terms.
1. DEFINITIONS AND INTERPRETATION
1.1 Capitalised terms have the meanings set out below or elsewhere in these Terms. “Including” means “including without limitation”; the singular includes the plural and vice‑versa; headings are for convenience only.
Affiliate – any entity that directly or indirectly controls, is controlled by, or is under common control with a Person.
Applicable Law – all laws, regulations, rules, directives, sanctions programmes and guidance applicable to a Party or the Services, including the Sharjah Media City Companies & Licensing Regulations and UAE federal legislation.
Bentobox Labs / Company / we / us / our – Bentobox Labs LLC, Formation No. 2326826, a limited‑liability company registered in Sharjah Media City Free Zone, Sharjah, United Arab Emirates (“Shams”) holding Business License No. 2326826.01.
Digital Asset – any cryptographic token or other digital representation of value recorded on a distributed ledger.
Digital Asset Wallet – a non‑custodial wallet or similar technology that stores private keys permitting the signing of blockchain transactions.
Force Majeure Event – has the meaning given in Clause 27.2.
Party / Parties – you and/or Bentobox Labs.
Person – an individual or legal entity of any kind.
Platform – https://www.strata.money, any sub‑domain, application, extension, API or other interface provided by Bentobox Labs to access the Protocol.
Protocol – the open‑source smart‑contracts commonly referred to as the “Strata” protocol; Bentobox Labs does not own or control the Protocol.
Restricted Jurisdiction – any jurisdiction listed in Clause 3.2.
Services – the Platform together with all content, documentation, communication channels, features and functionality made available by Bentobox Labs from time to time.
User / you / your – the Person accepting these Terms.
“Including” means “including without limitation”; the singular includes the plural and vice‑versa; headings are for convenience only.
2. ACCEPTANCE, MODIFICATIONS AND PRE‑DEPOSIT DISCLOSURES
2.1 Acceptance. You accept these Terms by (a) clicking “I AGREE”, (b) connecting a Digital‑Asset Wallet to the Platform, or (c) using any Service.
2.2 Modifications and Monitoring. Bentobox Labs may amend these Terms or the Services at any time. Material amendments will be posted on the Platform and, where feasible, notified by e‑mail. Unless a later effective date is specified, amendments are effective upon posting. Continued use of the Services constitutes acceptance. Bentobox Labs may monitor use of the Services to operate, secure, improve and ensure compliance with Applicable Law.
2.3 Pre‑Deposit Contracts. If you deposit Digital Assets into any pre‑deployment smart‑contracts associated with the Protocol (“Pre‑Deposit Contracts”) you expressly acknowledge that: (a) No Launch Guarantee. The Protocol is experimental; it may never launch or may launch with materially different features. (b) No Entitlements. Pre‑deposits confer no ownership, token allocation, yield, equity or creditor right. (c) Audited but Experimental. The Pre‑Deposit Contracts have undergone independent security audits (https://docs.strata.money/security/audits), yet undiscovered vulnerabilities may permanently destroy 100 % of deposited assets. (d) No Custody or Insurance. Deposits are non‑custodial and uninsured. (e) Withdrawals. Prior to an official launch notice, you may withdraw subject to paying variable gas fees and network liveness. (f) No Offer or Solicitation. Pre‑depositing is not an investment or securities offering. (g) Eligibility. All restrictions in Clause 3 apply.
3. ELIGIBILITY
3.1 Representations. You represent that you are at least eighteen (18) years of age, have legal capacity, are not a Prohibited Person, and act solely for your own account.
3.2 Prohibited Persons and Restricted Jurisdictions. You are not permitted to use the Services if you are:
(i) located in, resident of, or organised under the laws of the United States; (ii) located in Cuba, Iran, North Korea, Syria, Afghanistan, Sudan, South Sudan, Yemen, Venezuela, Crimea, Donetsk or Luhansk, or any jurisdiction subject to comprehensive sanctions; (iii) listed on, or owned or controlled by a Person listed on, any sanctions list maintained by OFAC, HM Treasury, the United Nations or the European Union; or (iv) otherwise prohibited under Applicable Law.
3.3 Geo‑blocking. You shall not use VPNs, proxies or similar technologies to circumvent the foregoing restrictions.
4. DIGITAL‑ASSET WALLETS
4.1 Non‑Custodial Interface. The Services are purely non‑custodial. Bentobox Labs never possesses or controls Digital Assets.
4.2 Security. You bear sole responsibility for safeguarding all private keys, seed phrases and credentials to your Wallet. Transactions are irreversible; Bentobox Labs cannot recover lost credentials or reverse transactions.
4.3 Wallet Disclaimer. Wallets are third‑party tools not maintained by Bentobox Labs. Bentobox Labs is not party to any on‑chain transaction, does not act as custodian, and disclaims all liability for failed, pending or lost transactions, gas‑fee over‑payment, or Wallet malfunctions.
5. THE PLATFORM AND THE PROTOCOL
5.1 No Control of Protocol. Bentobox Labs does not own, operate, control, pause or upgrade the Protocol or any blockchain network.
5.2 Smart‑Contract Risk. All use of the Protocol involves risks of code bugs, exploits, miner‑extractable value and other defects; Bentobox Labs provides no warranty.
5.3 No Agency, Brokerage or Fiduciary Duty. Bentobox Labs is not your broker, intermediary, agent, market‑maker, investment adviser or fiduciary.
6. THIRD‑PARTY SERVICES
The Platform may display or link to third‑party wallets, liquidity pools, or protocols (“Third‑Party Services”). Bentobox Labs does not endorse, control or assume liability for any Third‑Party Service. Your use of Third‑Party Services is entirely at your own risk and subject to their terms.
7. REWARDS AND AIRDROPS
Rewards, airdrops or incentives are discretionary, may be modified or cancelled without notice, and may constitute taxable income. Estimates displayed on the Platform are not guarantees.
8. RISK DISCLOSURES
You expressly assume all risk of loss, including without limitation: smart‑contract exploits, key loss, market volatility, liquidity failure, MEV, oracle malfunction, regulatory action, multi‑sig key compromise, network congestion, force‑majeure events and any specific risks set out in Clause 2.3. Bentobox Labs provides no legal, financial, tax or investment advice and owes no fiduciary duties.
9. USER COVENANTS AND COMPLIANCE
9.1 You shall comply with all Applicable Law, including AML/CFT and tax obligations.
9.2 Bentobox Labs owes no fiduciary duty.
9.3 You shall promptly provide any KYC/AML information reasonably requested by Bentobox Labs or Shams.
10. PROHIBITED USES
You shall not use the Services to violate law, facilitate money‑laundering, infringe intellectual property, conduct fraud, distribute malware or spam, exploit vulnerabilities, or bypass geo‑blocking.
11. CHANGES, SUSPENSION AND TERMINATION
Bentobox Labs may modify, suspend or discontinue the Services at any time without liability. Clauses 1, 2.2, 2.3, 3–9, 11–19, 21–24, 26 and 27 survive termination.
12. INTELLECTUAL PROPERTY
Bentobox Labs and its licensors own all intellectual property in the Platform. Subject to these Terms, Bentobox Labs grants you a personal, revocable, non‑exclusive, non‑transferable licence to access the Platform. Reverse‑engineering or scraping is prohibited. Open‑source components remain under their respective licences.
13. DATA PRIVACY
Data processing is governed by the Privacy Policy.
14. PROMOTIONS AND FEEDBACK
Promotions may be withdrawn at any time. You grant Bentobox Labs a perpetual, royalty‑free licence to use any feedback you provide.
15. CHARGES AND FEES
You are responsible for all blockchain gas fees and any interface fees disclosed on the Platform. Gas‑fee figures shown are estimates; actual costs may differ. Failed or reverted transactions remain subject to network fees and are non‑refundable.
16. NO WARRANTIES
TO THE FULLEST EXTENT PERMITTED BY LAW, THE PLATFORM, SERVICES AND PROTOCOL ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY.
17. INDEMNIFICATION
You shall indemnify and hold harmless Bentobox Labs and its Affiliates from any claim, damage, loss, liability or expense arising from your breach of these Terms or misuse of the Services.
18. LIMITATION OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY LAW, BENTOBOX LABS’ AGGREGATE LIABILITY SHALL NOT EXCEED THE GREATER OF (A) US $500 OR (B) THE TOTAL FEES PAID BY YOU TO BENTOBOX LABS IN THE PREVIOUS TWELVE (12) MONTHS. BENTOBOX LABS SHALL NOT BE LIABLE FOR INDIRECT, CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES. NOTHING IN THIS CLAUSE LIMITS LIABILITY THAT CANNOT BE LIMITED BY LAW OR FOR FRAUD, GROSS NEGLIGENCE OR WILFUL MISCONDUCT.
19. NO SECURITIES OFFERING
Nothing in the Platform or Services constitutes an offer to sell or solicitation to buy securities or any regulated financial product.
20. TAXES
You are solely responsible for determining and paying all taxes arising from your activities.
21. UAE REGULATORY STATUS
Bentobox Labs LLC holds a Sharjah Media City ("Shams") commercial licence for Software Development / Web‑3 Technology Services. The Company does not (i) take custody of, or control over, client Digital Assets; (ii) operate an order‑matching engine or maintain an orderbook; or (iii) issue or redeem any payment token. On this basis, and under SCA Board Decision No. 26 of 2023 (Virtual Assets Regulations) together with the Central Bank Stored‑Value Facilities Regulation (collectively, the “UAE VA Framework”), the Services are currently outside the licensing perimeter for a “Virtual‑Asset Service Provider” (VASP).
If Bentobox Labs intends to introduce any functionality that would constitute a regulated activity—such as exchange operation, brokerage, custody/safe‑keeping, portfolio management, issuance of a payment token, or the targeting of Dubai‑based users in a manner captured by the Dubai Virtual Assets Regulatory Authority (VARA)—the Company will, before enabling such functionality:
(a) secure the requisite authorisation from the Securities & Commodities Authority, VARA, the Central Bank of the UAE, or any other competent UAE regulator (as applicable); or (b) disable or geo‑block the affected feature for users subject to that regulatory regime.
Bentobox Labs monitors legislative and policy developments on an ongoing basis and will update these Terms and its compliance posture as required.
22. DISPUTE RESOLUTION AND ARBITRATION
22.1 Informal resolution period: 60 days (contact [email protected]).
22.2 Unresolved disputes: binding arbitration under the Rules of the Sharjah International Commercial Arbitration Centre (“TAHKEEM”), seat and venue in Sharjah, UAE. The language of arbitration shall be English.
22.3 Class‑action waiver: no class, collective or mass arbitrations.
22.4 30‑day arbitration opt‑out: e‑mail [email protected].
22.6 Nothing herein limits any non‑waivable EU consumer‑dispute right under Regulation (EU) 524/2013.
23. GOVERNING LAW
These Terms and any non‑arbitrable dispute are governed by the laws of the Emirate of Sharjah and the federal laws of the United Arab Emirates, without regard to conflict‑of‑law principles.
24. NOTICES
Bentobox Labs may provide notices via the Platform or e‑mail. Legal notices to Bentobox Labs must be sent to [email protected].
25. ASSIGNMENT
You may not assign or transfer any rights or obligations under these Terms without Bentobox Labs’ prior written consent. Bentobox Labs may assign its rights and obligations without restriction.
26. SURVIVAL
Clauses 1, 2.2–2.3, 3–9, 11–19, 21–24, 26 and 27 survive any expiration or termination of these Terms.
27. MISCELLANEOUS
27.1 Entire Agreement. These Terms constitute the entire agreement between the Parties regarding the Services and supersede all prior agreements.
27.2 Force Majeure. Neither Party is liable for delays or failures caused by a Force Majeure Event, including but not limited to acts of God, war, cyber‑attacks, labour disputes, embargoes, pandemic or government action.
27.3 Severability. If any provision is held invalid, the remainder shall remain in full force.
27.4 Waiver. No waiver shall be effective unless in writing and signed by the waiving Party.
27.5 Relationship. Nothing herein creates a partnership, joint‑venture or agency between the Parties.
© 2025 Bentobox Labs LLC. All rights reserved.
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