Term Of Use

LAST UPDATE: MAY 07, 2020

This is a binding Agreement between Selendra and the person, persons, or entity (“You” or “Your”) using the website (“Website”) or service, Software, or application (“Software”).

1. Definitions


The following definitions apply in these Conditions:

Selendra, we or us, a company brainchild of SmallWorld Venture 2F-01, Raintree, #299 Preah Ang Duong, Sangkat Wat Phnom, Khan Daun Penh, Kingdom of Cambodia.

Selendra wallet, the Wallet: an open source, non-custodial (meaning the cryptographic keys of the user is stored on user’s own device) wallet software to be used for transactions on the Stellar network.

Stellar, Stellar network: a decentralized ledger system managed by the Stellar Development Foundation.

2. Disclaimer

The Selendra wallet source code is published under the GNU Public License, which contains the below disclaimer reprinted here for convenience:

THERE IS NO WARRANTY FOR THE PROGRAM, TO THE EXTENT PERMITTED BY APPLICABLE LAW. EXCEPT WHEN OTHERWISE STATED IN WRITING THE COPYRIGHT HOLDERS AND/OR OTHER PARTIES PROVIDE THE PROGRAM “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE PROGRAM IS WITH YOU. SHOULD THE PROGRAM PROVE DEFECTIVE, YOU ASSUME THE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION.

3. Terms of Use

Selendra provides the Software solely on the terms and conditions set forth in this Agreement and on the condition that You accept and comply with them. By using the Software You (a) accept this Agreement and agree that You are legally bound by its terms; and (b) represent and warrant that: (i) You are of legal age to enter into a binding agreement; and (ii) if You are a corporation, governmental organization or other legal entity, You have the right, power and authority to enter into this Agreement on behalf of the corporation, governmental organization or other legal entity and bind them to these terms.

This Software functions as a free, open source wallet. The Software does not constitute an account where We or other third parties serve as financial intermediaries or custodians of Your Stellar assets.

While the Software has undergone testing and continues to be improved by feedback from the open source user and developer community, We cannot guarantee the Software to be entirely free of bugs. You acknowledge that Your use of this Software is at Your own discretion and in compliance with all applicable laws. You are responsible for safekeeping Your passwords, private key pairs, PINs, and any other codes You use to access the Software.

4. Cryptocurrency Risks

Cryptocurrency assets are subject to high market risks and volatility. Past performance is not indicative of future results. Investments in blockchain assets may result in loss of part or all of your investment. Please do your own research and use caution. You are solely responsible for your actions on the Stellar network. Selendra is not responsible for your investment losses. Cryptocurrency assets and the Stellar “decentralized exchange” are unregulated and does not have governmental oversight.

5. The Stellar Network (separate from Selendra Wallet)

Selendra Wallet is not an exchange. Selendra Wallet is only a user interface to Stellar and does not operate the Stellar network. Selendra Wallet is unable to control the actions of others on the Stellar network. When using Selendra Wallet, you are directly communicating with the Horizon Stellar API operated by Stellar Development Foundation. Transactions on the Stellar network are irreversible.

6. Your Own Responsibilities

You, the user, are solely responsible for ensuring your own compliance with laws and taxes in your jurisdiction. Cryptocurrencies may be illegal in your area. You, are solely responsible for your own security including keeping your account secret keys safe and backed up.

7. Third-party Products and Services

We may provide links on our Website or in the Selendra Wallet to websites or services of other companies. Selendra does not provide those third-party services. These links are provided solely as a convenience to you and not as an endorsement by Selendra of such third-party websites or services. Selendra is not responsible for the content of any third-party website nor the operation of such service, nor does it make any representation or warranty of any kind regarding any third-party website or service.

8. General

8.1. Governing Law and Jurisdiction

This Agreement is governed by, and shall be construed in accordance with, Cambodian law. The courts of Cambodian have exclusive jurisdiction to hear and decide any suit, action or proceedings, and to settle any disputes, which may arise out of or in connection with this Agreement and, for these purposes, each party irrevocably submits to the jurisdiction of the courts of Cambodian.

8.2. Waivers

Unless expressly agreed, no variation shall constitute a general waiver of any provisions of this Agreement, nor shall it affect any rights, obligations or liabilities under or pursuant to this Agreement which have already accrued up to the date of variation and the rights and obligations of the parties under or pursuant to this Agreement shall remain in full force and effect, except and only to the extent that they are so varied.

8.3. Assignment

The Content Provider shall not assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any of its rights and obligations under the Agreement. Selendra may at any time assign, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with any or all of its rights and obligations under the Agreement.

8.4. Communication

Unless any applicable law, regulatory requirement or mandatory standards or codes of practice of any competent authority require an alternative method of communication, you agree that Selendra may electronically provide or make available to you (as relevant) any communication as contemplated by this Agreement by posting it or making it otherwise available on the Selendra wallet website at https://www.Selendra.com.

8.5. Changes

We may change or add to these Conditions at any time.

8.6. Severability

If any provision of this Agreement (or part of a provision) is found by any court or administrative body of competent jurisdiction to be invalid, unenforceable or illegal, that provision shall, to the extent required, be deemed not to form part of this Agreement, and the other provisions shall remain valid, legal and enforceable.

8.7. Indemnification

You agree to indemnify and hold harmless Selendra and its respective directors, officers, employees and agents against any and all claims, costs, losses, damages, judgment, tax assessments, penalties, interest and expenses arising out of any claim, action, audit, investigation or other proceeding instituted by a person or entity that arises out of or relates to: (a) any actual or alleged breach of your representations, warranties, or obligations set out in this Agreement; (b) your wrongful or improper use of the Services and/or © your violation of any applicable law.

8.8. Entire Agreement

This Agreement, including the Privacy Policy provided on our website represent the entire agreement between the parties in relation to its subject matter and supersedes all previous representations, communications, negotiations, agreements and understandings between the parties relating to its subject matter which shall cease to be of force and effect. Each party acknowledges that it has not relied on, and waives all rights or remedies in respect of any warranty, representation, statement, collateral contract or assurance (whether made negligently or innocently) except as expressly set out in this Agreement. Nothing in this clause shall limit or exclude any liability for, or remedy in respect of, fraud.