Gluwa Wallet Terms of Use

Version 1.0
Last revised on: February 23, 2021

Please review these Terms of Use (“Gluwa Wallet Terms”) carefully, as they set forth the legally binding terms and conditions that govern your use of the Gluwa Wallet (the “Wallet”), your access to and use of our mobile, tablet and other smart device applications, and application program interfaces (“API”) (collectively, "Apps"), including related trademarks, software code, and other intellectual property (together, the “Wallet Services”).
By accessing or using the Wallet Services, you agree to the Gluwa Wallet Terms and the Gluwa website Terms of Use (the “Gluwa Terms,” located at https://gluwa.com/legal/terms) on behalf of yourself or the entity that you represent, and you represent and warrant that you have the right, authority, and capacity to do so. By accessing or using the Wallet Services, you represent that you are age 18 or older.
The Wallet and Apps available at the Apple (https://www.apple.com/ios/app-store/) and Google Play (https://play.google.com/store/) are both copyrighted works belonging to Gluwa. Your submission of information, including personally identifiable information (“PII”), through or in connection with the Wallet Services is governed by the terms of the Gluwa Privacy Policy as updated from time to time, available at https://gluwa.com/legal/privacy (“Privacy Policy”). The Gluwa Terms and Privacy Policy are incorporated by reference into the Gluwa Wallet Terms, and all capitalized terms (unless defined in this document) are defined in the Gluwa Terms or Privacy Policy.
You consent to us accessing, processing and retaining any PII you provide to us for the purpose of us providing the Wallet Services to you. This consent is not related to, and does not affect, any rights or obligations we or you have in accordance with data protection laws, privacy laws, and regulations.

  1. 1. Wallet Creation.

    Users will have the option to access an interface that will allow users to execute orders directly on a blockchain network associated with the digital assets (the “Wallet”). In order to access the Wallet, Users must agree to both the Gluwa Wallet Terms and Privacy Policy. If you access the Wallet via the Apps, you may also provide a name, phone number and date of birth to be associated with the Wallet to access the Additional Features. If you access the Wallet via the website, you may also provide a username, email address and password to be associated with the Wallet in order to access the Additional Features. Use of two factor authentication is optional but highly recommended. The App may also request access to the user’s camera for the purposes of scanning QR codes.
    Your Wallet is comprised of software that resides locally on your device. Part of that software is a “private key,” also stored locally on your device, use of which allows you to transfer convertible digital assets that are compatible with the Wallet (“Blockchain Assets”).

  2. 2. Fees.

    There are two types of transaction fees when using the Wallet: a transfer fee and a payment fee.

    (a) Transfer fee: All transfers through the Wallet will be subject to a transfer fee to be paid by the initiator of the transaction. For transfers of Gluwacoin, the transfer fee will be payable in Gluwacoin and will be in an amount viewable at https://gluwa.com/fees. The final transfer fee will be dependent on the gas prices on the Ethereum blockchain at the time of the transaction. For transfers of bitcoin, the initiator of the transaction will be responsible for paying the transfer fee. The transfer fee will be the bitcoin network transaction fee at the time of the transaction.

    (b) Payment fee: Registered Users may choose to make payments in Gluwacoin using the Gluwa Wallet by scanning a payment QR code with the Gluwa App. Where the merchant has initiated the transaction by requesting payment from the Registered User, only the merchant will see the payment fee information and will be responsible for paying the payment fee. The payment fee will be payable in Gluwacoin in an amount viewable at https://gluwa.com/fees. The final payment fee will be dependent on the gas prices on the Ethereum blockchain at the time of the transaction.
    The final transfer or payment fee will be displayed and made available to you prior to the payment page.

  3. 3. Risks.

    The Wallet is not the only way to access and transfer your Blockchain Assets. Your ability to access and transfer Blockchain Assets you own exists independently of the Wallet. That is, you may access and transfer any of your Blockchain Assets without the Wallet provided by Gluwa. With respect to your Blockchain Assets, Gluwa does not have custody of such assets, and does not have the ability to transfer such assets. Only you have the ability to transfer your Blockchain Assets, and only you can assign all or part of that ability to transfer to other parties. As such, you acknowledge and assume the risks below regarding the use of the Wallet:

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    • (a) Heading

      These Terms are subject to occasional revision, and if we make any substantial changes, we may notify you by sending you an e-mail to the last e-mail address you provided to us (if any), and/or by prominently posting notice of the changes on our Services.  You are responsible for providing us with your most current e-mail address.  In the event that the last e-mail address that you have provided us is not valid, or for any reason is not capable of delivering to you the notice described above, our dispatch of the e-mail containing such notice will nonetheless constitute effective notice of the changes described in the notice.  Any changes to these Terms will be effective one (1) day following the earlier of our dispatch of an e-mail notice to you (if applicable) or one (1) day following our posting of notice of the changes on our Websites.  These changes will be effective immediately for new users of our Services.  Continued use of our Services following notice of such changes shall indicate your acknowledgement of such changes and agreement to be bound by the terms and conditions of such changes.

    (a) The Wallet may be subject to exploits. Gluwa is not responsible for exploits that are not reasonably foreseeable. While Gluwa has taken a number of precautions to ensure the security of the Wallet, the technology is relatively new and it is not possible to guarantee that the code is 100% free from bugs or errors. Users accept all risks that arise from using the Wallet, including and not limited to the risk of any funds being lost due to a failure of the website, APIs, Apps or code.

    (b) The value of any Blockchain Asset, where value is attached to such an asset, may fluctuate. Gluwa makes no guarantees as to the price or value of any Blockchain Asset on the secondary markets.

    (c) The Wallet does not store, send or receive Blockchain Assets, as all transfers of such assets occur via the Bitcoin, Ethereum and Luniverse blockchain.

    (d) The following risks are associated with using Blockchain Assets: the risk of losing private keys, theft resulting from third parties discovering your private key, value fluctuation on the secondary markets, disruptions to the Ethereum, Bitcoin or Luniverse blockchain caused by network congestion, migration from Ethereum 1.0 to Ethereum 2.0, or lack of usability of the assets due to a hard fork or other disruption to the Ethereum, Bitcoin or Luniverse blockchain. Transfers on the Bitcoin, Ethereum and Luniverse blockchains are irreversible.

    (e) You are solely responsible for determining what, if any, taxes apply to your purchases and sales of Blockchain Assets. Gluwa is not responsible for determining the taxes that apply to transactions involving Blockchain Assets.

    (f) Gluwa may modify or discontinue support for the Wallet at any time. Gluwa reserves the right, at any time, to modify the Wallet.

    (g) In the event of a change to an underlying blockchain network, or other network disruption, resulting in a fork of the existing blockchain into one (or more) additional blockchains, the Wallet will not support activity related to any funds created by the fork. You are responsible for moving the Blockchain Assets to a compatible wallet should you wish to have access to forked funds. In addition, in the event of a fork, transactions on the network may be disrupted.

    (h) The blockchain network may charge fees for engaging in a transaction. Those network transaction fees may fluctuate over time.

  4. 4. Wallet Restrictions.

    The following restrictions apply to the use of the Wallet:

    (a) You shall not use the Wallet if: (i) the Office of Foreign Assets Control of the United States Treasury Department lists you as a specially designated national and/or blocked person; (ii) the Bureau of Industry and Security of the United States Department of Commerce lists you on its denied persons list or lists of parties of concern; or (iii) you are on any similar list promulgated by an official agency or department of the United States government. You warrant and represent that you are not located in, under the control of, or a national or resident of any embargoed country.

    (b) You shall not (or attempt to) purchase, sell, rent or give away access to your Wallet, create a Wallet using a false identity or information, or on behalf of someone other than yourself.

    (c) You acknowledge network addresses associated with your Wallet may have their access to Gluwa’s services restricted. These restrictions will not limit your ability to transfer your Blockchain Assets.

    (d) You shall not disrupt, interfere with or otherwise adversely affect the normal flow of the Wallet or otherwise act in a manner that may negatively affect other users' experience when using the Wallet. This includes taking advantage of errors and any other act that intentionally abuses or goes against the design of the Wallet.

Gluwa reserves the right to determine what conduct it considers to be in violation of these restrictions. Gluwa reserves the right to take action as a result, which may include prohibiting you from accessing services provided by Gluwa in whole or in part. Any restrictions imposed by Gluwa will not affect your ability to transfer your Blockchain Assets.