Terms of Service
These Terms of Service (these "Terms") explain the terms and conditions by which you may access and use the tgUSD application and related web services, including the Telegram miniapp (https://t.me/tgusd_official_bot/app), the Web App (https://app.tgusd.io), and other associated services provided by Alpoca Ltd. (BVI) under the Torch Finance brand (collectively, the "Services").
PLEASE READ THESE TERMS CAREFULLY. By accessing or using the Services, you agree to be bound by these Terms. If you do not understand or agree to these Terms, do not use the Services.
For purposes of these Terms, "you" means you as the user of the Services. If you are using the Services on behalf of an entity, then you represent and warrant that you have authority to bind that entity and agree to these Terms on behalf of that entity.
These Terms are governed by the laws of the British Virgin Islands, and any disputes shall be subject to the exclusive jurisdiction of BVI courts.
The Services The Services include web and Telegram interfaces for interacting with tgUSD and stgUSD, a digital stablecoin and its staked variant deployed on the TON blockchain. These interfaces enable users to access decentralized smart contracts, view balances and yields, and interact with liquidity pools, staking modules, and future governance mechanisms. The Protocol (smart contracts on TON) is not operated by Alpoca Ltd. directly, and use of the Protocol is at your own risk.
Wallets To use the Services, you must connect a third-party digital wallet compatible with the TON blockchain. Alpoca Ltd. does not maintain, control, access, or recover your wallet or its contents. You are solely responsible for safeguarding your seed phrase and private keys. All transactions made using the Services are at your own discretion and risk.
Fees and Taxes Your use of the Services may involve third-party network fees (e.g., gas fees), wallet provider fees, or transaction execution costs. Alpoca Ltd. does not collect any fees from your use of the Protocol. You are responsible for any taxes or duties applicable to your transactions, including those related to tgUSD or stgUSD usage.
Prohibited Persons and Jurisdictions You may not use the Services if you are a resident, citizen, located in, incorporated in, or otherwise accessing the Services from:
The United States,
The European Union,
Taiwan,
Any jurisdiction listed under sanctions issued by the United Nations, the U.S. Department of the Treasury (OFAC), the European Union, the United Kingdom, or the British Virgin Islands government,
Or any other location subject to legal restrictions on the use of crypto services.
Alpoca Ltd. may use geo-blocking, IP filtering, wallet blacklists, and other technical means to restrict access. You are solely responsible for complying with all laws in your jurisdiction.
Updates and Modifications We may update the Services or these Terms at any time. Continued use of the Services after such updates constitutes your acceptance. The latest version of the Terms is published at: https://doc.torch.finance/telegram-usd.
Disclaimers All Services are provided on an "AS IS" and "AS AVAILABLE" basis. Alpoca Ltd. makes no warranties, express or implied, regarding the reliability, security, or fitness for a particular purpose. We are not liable for any technical malfunction, smart contract vulnerabilities, lost assets, or incorrect data.
Intellectual Property All content on the Website, Telegram miniapp, and Web App, including brand elements, graphics, interface design, documentation, and associated materials are owned by Alpoca Ltd. or its licensors. You may not use them without written consent.
Risk Disclosure Interacting with smart contracts carries significant risk, including but not limited to:
Total loss of funds due to bugs, attacks, or protocol failure;
Loss of access due to compromised seed phrases or private keys;
Exploits or failures in cross-chain bridges used for asset transfers;
Hacks, insolvencies, or bad debt events within DeFi protocols where funds are deployed;
Changes in yield caused by market volatility, slippage, or liquidity shocks;
Regulatory enforcement or legal restrictions impacting your access.
Additionally, stgUSD yield is not guaranteed, and past returns are not indicative of future performance. You should not use tgUSD or related Services unless you fully understand and accept the associated risks.
Limitation of Liability To the maximum extent permitted by applicable law, Alpoca Ltd. shall not be liable for indirect, incidental, or consequential damages, including lost profits, digital asset loss, or data breach, arising out of the use or inability to use the Services.
Termination We may suspend or terminate your access to the Services at any time, with or without notice, if we suspect violations of these Terms or applicable law.
Governing Law These Terms are governed exclusively by the laws of the British Virgin Islands. Disputes shall be resolved exclusively in the BVI courts.
Contact You may contact us with questions or notices at [email protected].
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