Terms of use

1. Using Virtuallock

By using the Virtuallock website or interface you agree to these terms. If you do not agree, do not use it. You must be old enough to enter a binding contract where you live. These terms are between you and [LEGAL ENTITY NAME — counsel to confirm] (“we”, “us”).

2. What the service is

Virtuallock is a website that helps you create transactions for the TokenLock smart contract and shows public data about existing locks. The contract runs on a public blockchain and is not operated by us. We do not hold your keys or tokens and we cannot reverse, cancel or change any transaction. The contracts have no owner, admin or pause switch, so we cannot freeze, recover or release a lock for you, even if you ask. The website also offers a public read-only API and free developer API keys (see section 10). Virtuallock runs on Robinhood Chain mainnet; a burn service may be added later and will be announced separately.

3. Your responsibilities

You are responsible for:

• Keeping your wallet and keys secure. We can never recover them.
• Checking every transaction before you sign it, including the token, amount, unlock date and burn percentage.
• Making sure you are allowed to hold and use the tokens you lock, including any restrictions in a tokenized stock issuer's terms.
• Complying with the laws, sanctions and tax rules that apply to you, including reporting and paying any tax due on your use of Virtuallock.
• Doing your own research. Nothing on Virtuallock is investment, legal or tax advice, and nothing here is a recommendation.

4. What you must not do

Do not use Virtuallock if you are the target of sanctions (for example on an OFAC, UK, EU or UN list), are owned or controlled by such a person, or are located in or ordinarily resident in a country or region subject to comprehensive sanctions. We may block access from certain regions or addresses at our discretion. Tokenized stocks have separate, issuer-set eligibility rules (see the risk disclosure).

Do not use Virtuallock for money laundering, terrorist financing, fraud or market manipulation, or to mislead others about a lock, and do not try to disrupt or attack the website or its infrastructure.

5. Fees

Creating a lock or vesting schedule costs a flat fee in ETH (currently 0.0025 ETH), paid with the transaction and shown before you confirm. The fee is set in the contract when it is deployed and cannot be changed afterwards. You also pay the network's gas. Fees are not refundable, because blockchain transactions cannot be reversed. We take no percentage of your tokens.

6. Risks

Using Virtuallock carries real risks, including permanent loss of tokens. Please read the risk disclosure at /legal/risk. It forms part of these terms. In particular, the contracts have not been audited by a third party, and you lock tokens at your own risk.

7. No advice, no warranties

Virtuallock does not give investment, legal or tax advice. The website and interface are provided “as is” and “as available”, without warranties of any kind. Data shown on the site, such as prices, token names, lock histories and anything returned by the API, may be delayed, incomplete or wrong. We do not warrant that the site will be available or error-free, or that any lock or token is what it claims to be.

8. Limits on our liability

To the extent the law allows, we are not liable for losses arising from your use of the site, the smart contract, the blockchain network, a token issuer's actions, or third-party wallets and services. Where the law allows, we are not liable for indirect or consequential loss, or for loss of profit, tokens or data, and our total liability to you for any claim is limited to the fees you paid us in the 12 months before the claim. Nothing in these terms limits liability that cannot be limited by law, such as liability for fraud. You agree to compensate us for losses we suffer because you broke these terms or the law.

9. Third parties

Virtuallock links to and relies on services we do not control, such as block explorers, wallet software and RPC providers. Their terms apply to your use of them. Virtuallock is not affiliated with, endorsed by or sponsored by Robinhood. “Robinhood Chain” is used only to describe the network Virtuallock runs on.

10. API and developer keys

The public API and free developer API keys are provided as is, with rate limits and no uptime commitment. Keep your key private, do not share it or use it to evade limits, and do not resell access. We may change, limit or revoke keys and endpoints at any time.

11. Changes

We may update these terms. The date at the top shows the latest version, and continuing to use Virtuallock after a change means you accept it. Changes to these terms cannot change a lock that already exists: its rules are fixed in the contract.

12. Governing law and disputes

These terms are governed by [GOVERNING LAW AND COURTS — counsel to confirm]. Disputes go to the courts or process named there, except where the law of your country gives you rights that cannot be waived.

13. Contact

Questions about these terms: [CONTACT EMAIL]. To report a security issue, use the contact on the /security page, not a public channel.