Xsowo Legal & Policies

Terms of Use

Last Updated: 2024

1. Acceptance of Terms

By accessing or using XSOWO (“we,” “us,” or “our”) Services, including our websites, applications, or tokens (collectively, the “Services”), you agree to be bound by these Terms of Use (“Terms”). If you do not agree with any part of these Terms, please discontinue use of our Services immediately.

2. Eligibility

You must be at least 18 years old or the age of legal majority in your jurisdiction (whichever is higher) to use our Services. By using our Services, you affirm that you meet the minimum age requirement.

3. Account Registration and Security

• Accuracy of Information: You agree to provide accurate and up-to-date information during registration.
• Account Credentials: You are responsible for maintaining the confidentiality of your login credentials and for all activities under your account.
• Unauthorized Use: You must notify us immediately of any unauthorized access or breach of security involving your account.

4. Acceptable Use

• Prohibited Activities: You agree not to use the Services for any unlawful, fraudulent, or harmful activities, including but not limited to money laundering, terrorist financing, or copyright infringement.
• Interference: You shall not interfere with or disrupt the integrity or performance of our Services or attempt to gain unauthorized access to our systems.

5. Intellectual Property

All content, trademarks, service marks, logos, and intellectual property displayed on or through the Services are the property of XSOWO or third parties. You may not copy, reproduce, or transmit any part of our Services without prior written permission.

6. Changes to Services

We reserve the right to modify, suspend, or discontinue any aspect of our Services at any time without liability. We will make reasonable efforts to notify you in advance of any material changes.

7. Disclaimer of Warranties

Our Services are provided “as is” and “as available,” without any representations or warranties of any kind, whether express or implied. We do not guarantee that our Services will be uninterrupted, error-free, or secure.

8. Limitation of Liability

To the fullest extent permitted by law, XSOWO shall not be liable for any indirect, incidental, special, or consequential damages arising out of your use of our Services. Our total liability under these Terms shall not exceed the amount you have paid (if any) for accessing our Services.

9. Indemnification

You agree to indemnify and hold harmless XSOWO, its affiliates, and their respective directors, officers, employees, and agents from all third-party claims, liabilities, damages, and expenses arising out of or related to your breach of these Terms or misuse of our Services.

10. Termination

We may suspend or terminate your access to the Services at any time, with or without notice, for violating these Terms or for any lawful reason.

11. Governing Law and Dispute Resolution

These Terms shall be governed by the laws of [Jurisdiction]. Any dispute arising out of or in connection with these Terms shall be resolved through binding arbitration or courts located in [Jurisdiction].

12. Amendments

We reserve the right to modify or update these Terms at any time. Material changes will be communicated to you via email or a prominent notice on our website.

13. Contact Information

For any queries regarding these Terms, please contact us at:
Email: XSO@xsowo.com

Token Sale Agreement (ICO/IDO)

Last Updated: 2024

1. Introduction

This Token Sale Agreement (“Agreement”) sets forth the terms and conditions of the sale of XSO tokens (“Tokens”) by XSOWO (“we,” “us,” or “our”). By purchasing Tokens, you (“Purchaser”) agree to abide by all terms specified in this Agreement.

2. Definitions

• Tokens: Digital assets known as XSO, which function as a utility within our ecosystem.
• Purchaser: Any individual or entity that acquires Tokens directly from us during the token sale.

3. Purpose of Tokens

The Tokens are intended to serve as a means for accessing certain features, rights, or functionality on our platform. They do not constitute equity, debt, or any form of security in [Project/Company Name].

4. Purchase Procedures

• Payment Methods: Purchasers may pay with fiat currency, Bitcoin, Ethereum, or any other approved payment method as stated on our official website.
• Token Price: The price per Token shall be determined and displayed on the token sale page or annexed documentation.
• KYC/AML Requirements: Purchasers must complete our KYC/AML procedures to be eligible for the token sale.

5. Representations and Warranties by Purchaser

• Legal Capacity: You are at least 18 years of age and have full legal capacity to enter into this Agreement.
• Compliance: Your purchase of Tokens does not violate any laws or regulations in your jurisdiction.
• Understanding of Risks: You acknowledge that digital assets are volatile and that purchasing Tokens involves inherent risks.

6. Delivery of Tokens

Tokens will be delivered to the wallet address provided by the Purchaser once payment is confirmed and KYC/AML checks are satisfied.

7. Refunds and Cancellations

All token sales are final. We do not provide refunds or cancellations except where explicitly required by applicable law.

8. Intellectual Property

All intellectual property related to XSOWO and the Token Sale is owned by us or licensed to us. You do not gain any rights other than the right to hold and use Tokens.

9. Limitation of Liability

To the fullest extent permitted by law, our total liability for any claim arising out of or related to the Token Sale shall not exceed the amount paid by you for the Tokens.

10. Governing Law and Dispute Resolution

This Agreement shall be governed by the laws of [Jurisdiction]. Any dispute shall be settled by binding arbitration or in the courts of [Jurisdiction], unless otherwise required by applicable law.

11. Amendments

We reserve the right to modify or update this Agreement at any time. The revised version will be posted on our website, and significant changes will be communicated via email or other appropriate channels.

Legal Disclaimer

Last Updated: 2024

1. General Disclaimer

The information contained on XSOWO’s (“we,” “us,” or “our”) website, whitepaper, or other materials is provided “as is” and “as available,” without any warranty of any kind, either expressed or implied. While we strive to ensure the accuracy of the information presented, we make no representation or warranty regarding the completeness, reliability, or adequacy of such information.

2. No Financial Advice

Nothing in our materials constitutes professional, legal, or financial advice. You should consult with qualified professionals before making any investment decisions. Participation in any token offering carries inherent risks, including total loss of capital.

3. Regulatory Uncertainty

Digital assets, including tokens, may be subject to varying regulatory regimes across different jurisdictions. We do not guarantee that XSO or any other tokens are legal in your jurisdiction. It is your responsibility to ensure that you comply with local laws and regulations.

4. Market Volatility

Prices of digital assets can be highly volatile and subject to rapid changes. We are not responsible for any financial losses you may incur through trading or holding tokens.

5. Forward-Looking Statements

Certain information, including plans and roadmap items, may contain forward-looking statements subject to risks and uncertainties. Actual results may differ materially from what is expressed or implied in these statements.

6. Limitation of Liability

In no event shall XSOWO or its affiliates be liable for any direct, indirect, incidental, special, or consequential damages resulting from the use of or inability to use our tokens, products, or services.

7. Third-Party Content

We may reference or link to third-party services or websites. These links are provided for convenience only, and we do not endorse or assume responsibility for any third-party content or practices.

8. Indemnification

You agree to indemnify, defend, and hold harmless XSOWO, its affiliates, employees, and agents from any claims, liabilities, damages, losses, or expenses arising out of or related to your use or misuse of our tokens or services.

9. No Guarantees

We do not guarantee that tokens will have any particular value or that they will appreciate in value. Tokens are meant for utility within the ecosystem, and any potential increase in value is purely speculative.

10. Changes to This Disclaimer

We reserve the right to modify or update this Legal Disclaimer at any time. Any material changes will be communicated through our website or other appropriate channels.

AML/KYC Policy

Last Updated: 2024

1. Purpose

This Anti-Money Laundering (AML) and Know Your Customer (KYC) Policy is designed to prevent and mitigate possible risks of our Services being used to facilitate illegal activities such as money laundering, terrorist financing, or other financial crimes.

2. Scope

This Policy applies to all users and transactions conducted through XSOWO (“we,” “us,” or “our”). It outlines the procedures we follow to ensure compliance with relevant AML, KYC, and Counter-Terrorism Financing (CTF) laws.

3. User Identification and Verification

• KYC Requirements:
  • Individuals: Must provide full name, date of birth, valid government-issued ID, and proof of address.
  • Entities: Must provide company registration documents, information on ownership, and identification of directors/beneficial owners.
• Ongoing Verification: We reserve the right to request additional documentation or re-verify user information at any time.

4. Customer Due Diligence (CDD)

• Standard CDD: Basic verification of identity, as outlined above.
• Enhanced CDD: Applied to users deemed high-risk (e.g., Politically Exposed Persons, users from high-risk jurisdictions). Additional information or documentation may be required.

5. Transaction Monitoring

We employ automated and manual monitoring systems to identify and investigate suspicious activity, such as:

• Unusual transaction patterns
• Rapid movement of funds between unrelated accounts
• Repeated deposits just below threshold limits to evade reporting

6. Suspicious Activity Reporting (SAR)

If we identify suspicious activity, we will file a Suspicious Activity Report (SAR) with the relevant governmental authority, as required by law.

7. Sanctions and PEP Screening

We screen user data against international sanctions lists (e.g., OFAC, UN, EU) and databases of Politically Exposed Persons (PEPs). Any matches are subject to enhanced due diligence or account restrictions.

8. Record Retention

We retain KYC/AML documentation and transaction records for a minimum of five (5) years after the end of the user relationship or longer if required by law.

9. Training and Awareness

Our staff undergo regular training on AML/KYC procedures, identifying red flags, and reporting suspicious activities.

10. Non-Compliance and Penalties

Failure by a user to comply with our AML/KYC requirements may result in denial of Services, account suspension, or termination. We also reserve the right to take legal action if necessary.

11. Policy Updates

We may update this Policy to reflect changes in regulations or our internal procedures. Any material changes will be communicated via email or posted on our website.

Cross-Border Data Policy

Last Updated: 2024

1. Introduction

This Cross-Border Data Policy outlines how Xsowo’s (“we,” “us,” or “our”) manages the transfer of personal data across international borders in compliance with applicable data protection laws, including the GDPR (EU) and other relevant regulations.

2. Scope

This Policy applies to all instances in which personal data is transferred by us or on our behalf from one country to another, whether to affiliates, third-party service providers, or other recipients.

3. Data Subject to Transfer

• Personal Information: Name, email, address, phone number, and other personal identifiers.
• Transaction Details: Records related to purchases, sales, and usage of our Services.
• Technical Data: IP addresses, device identifiers, browsing actions.

4. Transfer Mechanisms

• Standard Contractual Clauses (SCCs) approved by the European Commission.
• Adequacy Decisions for countries recognized as offering an adequate level of data protection.
• Binding Corporate Rules (BCRs) if applicable to internal group transfers.

5. Security Measures

We employ encryption, secure servers, firewalls, and strict access controls to ensure that any cross-border data transfer is adequately protected against unauthorized access or misuse.

6. User Rights and Choices

Depending on your jurisdiction, you may have rights to:

• Request details about which countries your data may be transferred to.
• Object to certain transfers if they lack proper safeguards.
• Access, Rectify, or Erase your personal data in line with our Privacy Policy.

7. Data Retention

We retain transferred data only as long as necessary to fulfill the purpose for which it was collected or as required by law.

8. Third-Party Transfers

When transferring data to third parties in different jurisdictions, we ensure they meet the required data protection standards. Contracts with these parties obligate them to maintain a high level of confidentiality and data protection.

9. Updates to This Policy

We may update this Policy periodically to reflect changes in applicable laws or our operational needs. Significant changes will be communicated via email or posted on our website.

Questions or Complaints

If you have a concern about our processing of personal data that we are not able to resolve, you have the right to lodge a complaint with the Data Protection Authority where you reside. Contact details for your Data Protection Authority can be found using the links below:

• For individuals in the EEA: https://edpb.europa.eu/about-edpb/board/members_en
• For individuals in the UK: https://ico.org.uk/global/contact-us/
• For individuals in Switzerland: https://www.edoeb.admin.ch/edoeb/en/home/the-fdpic/contact.html

CONTACT US

If you have any questions about this Privacy Policy, please contact us at: