Acorn Box Terms of Service
Last Updated: January 17, 2023.
Dear User,
Thank you for choosing Acorn Box. This Acorn Box Terms of Service (“Agreement”) is made between you (“you” or “User”) and TTC Foundation PTE. LED. (“TTC Foundation ” or “we”) and is legally binding between you and TTC Foundation.
TTC Foundation hereby reminds you that you must carefully read the full content of this Agreement and other documents mentioned in this Agreement before using Acorn Box (“Acorn Box ” or “App”). Particularly, you must carefully read the section of “Disclaimer and Limitation of Liability”. You must make sure that you fully understand the whole Agreement and evaluate the risks of using Acorn Box on your own.
I. Confirmation and Acceptance of this Agreement
1. You understand that this Agreement and other relevant documents apply to Acorn Box and the Decentralized Applications (“DAPPs”) which are developed and owned independently by TTC Foundation on Acorn Box (and excluding DAPPs developed by third parties).
2. After you download Acorn Box and start to create or import a wallet, you are deemed as having read and accepted this Agreement, which shall cause this Agreement to become effective and legally binding on both you and TTC Foundation immediately.
3. TTC Foundation may, at its sole discretion, modify or replace this Agreement at any time. The modified Agreement will automatically take effect once it is posted on Acorn Box and you will not be notified separately. If you do not agree with the modifications, you shall cease to use Acorn Box immediately. Use of Acorn Box by you after any modification to this Agreement constitutes your acceptance of this Agreement as modified.
4. If you are under 18 years old or you are a person of no capacity for civil acts or a person of limited capacity for civil acts, please use Acorn Box under the guidance of your parents or guardians.
II. Definition
1. Acorn Box : means the blockchain wallet developed by TTC Foundation based on Ethereum (and other blockchain systems which Acorn Box may support in the future) and other supporting tools which are developed for the convenience of the Users when using blockchain systems.
2. User:
a) a User must be a natural person who possesses full capacity for civil acts;
b) if you are under 18 years old, please use Acorn Box under the guidance of your parents or guardians. If any person of no capacity for civil acts conducts any transactions on Acorn Box or any person of limited capacity for civil acts conducts any transaction which does not commensurate his/her civil rights or act capacity, the parents or guardians of the User shall be liable for the consequences of such transactions.
3. Create or import wallet: means you use Acorn Box to create or import a wallet after you accept this Agreement.
4. Wallet Password: means the password you set when you create the wallet. The Wallet Password will be used to encrypt and protect your Private Key. Acorn Box, as a decentralized application, will not store your Wallet Password on our servers, nor will your Wallet Password be stored in your own mobile devices. If you lose or forget your Wallet Password, you will have to reset the Wallet Password with your Private Key or Mnemonic Words.
5. Alert: means the messages displayed on Acorn Box ’s operation interface which provides suggestions for Users on subsequent operations.
6. Specific Users: means Users who should cooperate with the TTC Foundation and disclose Personal Information in order to comply with the laws, regulations and policies of PRC.
7. Private Key: consists of 256 random bits. Private Key is the core for the User to hold and use the Tokens.
8. Public Key: is derived from the Private Key based on cryptography and is used to generate wallet addresses. A wallet address is a public address for reception of Tokens.
9. Mnemonic Words: consists of 12 (or 15/18/21/24) words which are randomly generated, and it is based on BIP39, the industry standard of blockchain. It is a human readable format of words to back up your Private Key for recovery.
III. Services
1. Create or import wallet. You may use Acorn Box to create a new wallet or import wallets generated on TTC blockchain.
2. Transfer and receive TTC. You may manage your TTC by using the transfer and reception functionalities of Acorn Box, i.e., you may revise the blockchain ledger by signing with your Private Key. Transfer of TTC means the payer transfers the TTC to the blockchain address of the payee. The actual transfer of TTC happens on the blockchain system (instead of on Acorn Box).
3. Bind DAPPs. Users may use Acorn Box to visit and bind DAPPs under their user permissions (including DAPPs developed by TTC Foundation and DAPPs developed by third parties).
4. Transaction records. We will copy all or part of your transaction records from the blockchain system. However, Users shall refer to the blockchain system for the latest transaction records.
5. Suspension of service. You understand that we are not able to reverse or cancel the transaction because transactions based on blockchain technologies are irrevocable. However, under certain circumstances, we may suspend or limit the function of Acorn Box used by a particular User.
6. Other services that TTC Foundation would like to provide.
IV.Users who use Acorn Box must understand that:
1. In order to keep the decentralization feature of blockchain and to protect the security of your digital Tokens, TTC Foundation offers decentralized service which is largely different from the banking and financial institutions. Users shall understand that TTC Foundation DOES NOT provide the following services:
a) store Users’ Wallet Password (the password Users set when creating or importing wallets), Private Key, Mnemonic Words;
b) restore Users’ Wallet Password, Private Key, Mnemonic Words;
c) freeze the wallet;
d) report the loss of wallet;
e) restore the wallet;
f) rollback transactions.
2. Users shall take care of their mobile devices, back up the Acorn Box App, and back up the Wallet Password, Mnemonic Words, and Private Key by themselves. If your mobile device is lost, your Acorn Box App or your wallet is deleted and not backed up, your wallet is stolen or you forget your Wallet Password, Private Key, or Mnemonic Words, TTC Foundation is not able to recover the wallet or restore Wallet Password, Private Key, or Mnemonic Words. Nor can TTC Foundation cancel transactions for the mishandling of Users (such as typing in wrong addresses for transactions).
3. Acorn Box only supports TTC. Do not use Acorn Box to handle any other Tokens.
4. Acorn Box is only a tool for Users to manage their TTC and is not an exchange or a trading platform. For the purpose of this Agreement, the word “transactions” only means transferring and receiving TTC, which is substantially different from transactions on exchanges and trading platforms.
5. The DAPPs integrated into Acorn Box include those developed independently by TTC Foundation and those developed by third parties. Acorn Box only acts as a blockchain browser for those third-party-developed DAPPs. Users shall, at their sole discretion, decide whether there would be any risks to accept the services provided by or to conduct transactions on the third-party-developed DAPPs.
V. Your Rights and Obligations
1. Create or Import Wallet
a) Create or import wallet: you are entitled to use Acorn Box on your mobile device to create and/or import wallet, set Wallet Password and use your wallet on Acorn Box to transfer and receive TTC on blockchain.
b) TTC Foundation may develop different versions of Acorn Box for different terminal devices. You shall download and install an applicable version. If you download and install Acorn Box or other applications with the same name as “Acorn Box” from any unauthorized third party, TTC Foundation cannot guarantee the normal operation or security of such applications. Any loss caused by using such applications shall be borne by you.
c) A previous version of Acorn Box may stop operating after a new version is released. TTC Foundation cannot guarantee the security, continuous operation or customer services for the previous version. Users shall download and use the latest version.
2. Use of Acorn Box
a) Users shall take care of their mobile devices, Wallet Password, Private Key, and Mnemonic Words by themselves. TTC Foundation does not store or hold the above information for Users. You shall be responsible for any risks, liabilities, losses and expenses which result from frauds, you losing your mobile device, disclosing (whether actively or passively) or forgetting Wallet Password, Private Key, Mnemonic Words, or your wallet being attacked.
b) Follow the Alert. You understand and agree to follow the Alert pushed by Acorn Box. You shall be responsible for any risks, liabilities, losses and expenses which result from your failure to comply with the Alert.
c) You understand that Acorn Box undertakes no responsibility to conduct due diligence on the services or transactions provided by third-party-developed DAPPs. You shall make investment decisions rationally and assume the risks by yourself.
e) Transfer of TTC
i. You understand that you may be subject to daily limits on the amount and times of transfers according to your location, regulatory requirements, transferring purposes, risk control by Acorn Box, or identification verification.
ii. You understand that blockchain operations are “irrevocable”. When you use Acorn Box to transfer Tokens, you shall be responsible for the consequences of your mishandling of the transfer (including but not limited to wrong address, problems of the node servers selected by you).
iii. You understand that the following reasons may result in “transfer failed” or “mining overtime”
insufficient balance in wallet;
insufficient mining fee for transaction;
blockchain’s failure to execute the code of smart contracts;
the transfer amount exceeds the transfer limits imposed by authorities, Acorn Box or laws or regulations;
technical failure of the network or equipment;
abandoned transactions result from blockchain network congestion or failure;
the wallet address of yours or your counterparty is identified as special addresses, such as high-risk address, exchange address, ICO address, Token address etc.
iv. You understand that Acorn Box is only a tool for transfer of ACN. TTC Foundation shall be deemed to have fulfilled its obligations once you have finished the transfer and shall not be held liable for any other disputes.
f) Compliance. You understand that you shall abide by PRC laws, regulations and policies when you use Acorn Box or the DAPPs on Acorn Box.
g) Notifications. Acorn Box may send notifications to you by Notification Centre information, popup tips or client-end notices (e.g., information about your transfer or suggestions on certain operations) which you shall be aware of timely.
h) Service fees and taxes.
i. Acorn Box does not charge you any service fees or handling fees for the time being. Acorn Box may reach an agreement with you or announce rules regarding service fees in the future;
ii. You need to pay mining fee when you transfer ACN, the amount of which would be on your sole discretion and would be collected by certain blockchain system;
iii. You understand that under some specific circumstances, your transfer of TTC may fail due to an instable network, but you may still be charged a mining fee by certain blockchain systems;
iv. You shall bear all the applicable taxes and other expenses occurred due to your transactions on Acorn Box.
VI. Risks
1. You understand and acknowledge that the blockchain technology is a field of innovation where the laws and regulations are not fully established. You may be faced with material risks including instability of technology or failure of Tokens redemption. You also understand that TTC have much higher volatility comparing to other financial assets. You also acknowledge that the market information is captured from exchanges by Acorn Box and may not represent the latest or the best quotation of each TTC.
2. If you or your counterparty fails to comply with this Agreement or fails to follow the instructions, tips or rules on the website or on the page of the transaction or payment, Acorn Box does not guarantee successful transfer of the TTC and Acorn Box shall not be held liable for any of the consequences of such failure. If you or your counterparty has already received the payment in Acorn Box, you understand that transactions on blockchain are irreversible and irrevocable. You and your counterparty shall assume the liabilities and consequences of your transactions.
3. When you use third-party-developed DAPPs integrated in Acorn Box, TTC Foundation strongly suggest you read this Agreement and Acorn Box’s Alert carefully, get familiar with the counterparty and the product information and evaluate the risks before you make transactions on such DAPPs. You understand that such transactions and corresponding contractual relationships are between you and your counterparty. Acorn Box shall not be held liable for any risks, responsibilities, losses or expenses occurred due to such transactions.
4. It is your sole responsibility to make sure that your counterparty is a person with full capacity for civil acts and decide whether you shall transact with him/her.
5. You shall check the official blockchain system or other blockchain tools when you receive Alert such as “transaction failed” or “mining overtime” in order to avoid repetitive transfer. If you fail to follow this instruction, you shall bear the losses and expenses occurred due to such repetitive transfer.
6. You understand that after you create or import wallet on Acorn Box, Private Key and Mnemonic Words are only stored on your mobile device and will not be stored in Acorn Box or on the servers of TTC Foundation. You may change another mobile device to use Acorn Box after you follow the instructions on Acorn Box to backup your wallet. If you lose your mobile device before you could write down or backup your Wallet Password, Private Key, Mnemonic Words, you may lose your TTC and TTC Foundation is unable to restore them. If your Wallet Password, Private Key, Mnemonic Words is disclosed or the device which stores or holds your Wallet Password, Private Key, Mnemonic Words is hacked or attacked, you may lose your TTC and TTC Foundation is unable to restore them. You shall bear the foregoing losses on your own.
7. We suggest you backup your Wallet Password, Private Key, Mnemonic Words when you create or import wallet by writing them down on papers or backup them in password management apps. Please do not use electronic methods such as screenshots, e-mails, note-taking apps in cell phones, text messages to backup any of the above information.
8. In order to avoid potential security risks, we suggest you use Acorn Box in a secured network environment. Please do not use a jailbroken or Rooted mobile device.
9. Please be alert to frauds when you use Acorn Box. If you find any suspicious conducts, we encourage you to inform us immediately.
VII. Change, Suspension, Termination of TTC Foundation Service
1. You acknowledge and accept that TTC Foundation may, at its sole discretion, provide only a part of services for the time being, suspend certain services or provide new services in the future. When we change our services, your continuous use of Acorn Box is deemed as your acceptance of this Agreement and revisions of this Agreement.
2. You understand that TTC Foundation may suspend services under the following circumstances:
a) due to the maintenance, upgrading, failure of equipment and blockchain system and the interruption of communications etc., which lead to the suspension of the operation of Acorn Box;
b) due to force majeure events including but not limited to typhoon, earthquake, tsunami, flood, power outage, war, or terrorist attacks, or computer viruses, Trojan Horse, hacker attacks, system instability or government behaviors and other reasons, TTC Foundation is unable to provide services or in TTC Foundation’s reasonable opinion, continuous provision of services would result in significant risks;
c) due to other events which TTC Foundation cannot control or reasonably predicate.
3. TTC Foundation reserves the right to unilaterally suspend or terminate all or part of the function of Acorn Box under the following circumstances:
a) death of Users;
b) if you steal others’ wallets information or mobile devices;
c) if you provide false Personal Information on Acorn Box or cheat on Questionnaire;
d) if you refuse to allow mandatory update of Acorn Box;
e) if you use Acorn Box to commit illegal or criminal activities;
f) if you hinder the normal use of Acorn Box by other Users;
g) if you pretend to be staff or management personnel of TTC Foundation ;
h) if you threaten the normal operation of TTC Foundation computer system by attack, invasion, alternation or any other means;
i) if you use Acorn Box to send spams;
j) if you spread rumors which endanger the goodwill of TTC Foundation and Acorn Box;
k) if you conduct any illegal activities, breach this Agreement etc. or other circumstances under which TTC Foundation reasonably considers necessary to suspend services.
4. You are entitled to export your wallets within a reasonable amount of time if TTC Foundation changes, suspends or terminates its services.
VIII. Your Representations and Warranties
1. You shall comply with: 1) all applicable laws and regulations of PRC and 2) all applicable laws and regulations of the country or area you reside in. You shall not use Acorn Box for any unlawful purposes or by any unlawful means.
2. You shall not use Acorn Box to commit any illegal or unlawful activities, including but not limited to:
a) activities opposing the basic principles set forth in the PRC’s Constitution, endangering national security, disclosing state secrets, overturning the government or undermining national unity;
b) any illegal conducts, such as money laundering, illegal fund raising etc.;
c) accessing TTC Foundation services, collecting or processing the content provided by TTC Foundation, intervening or attempting to intervene any Users, by the employment of any automated programs, software, network engines, web crawlers, web analytics tools, data mining tools or similar tools etc.;
d) providing gambling information or inducing others to engage in gambling;
e) invading into others’ Acorn Box wallets to steal Tokens;
f) engaging in any inaccurate or false transactions with the counterparty;
g) committing any activities which harms or attempts to harm Acorn Box service system and data;
h) other activities which TTC Foundation has reason to believe are inappropriate.
3. You understand and accept that you shall be responsible for any violation of law (including but not limited to the regulations of the Customs and Tax) or for breach of this Agreement by you and shall indemnify TTC Foundation against the losses, the third-party claims or administrative penalties against TTC Foundation incurred by such violation or breach, including reasonable attorney’s fees.
4. You confirm that you will pay the service fees charged by TTC Foundation in time (if applicable). TTC Foundation reserves the right to suspend the services when the User fails to pay service fees (if applicable).
IX. Privacy Policy
1. Your privacy is of utmost importance for TTC Foundation. Please refer to Acorn Box Privacy Policy as updated by us from time to time for relevant privacy protection policies.
X. Disclaimer and Limitation of Liability
1. TTC Foundation only undertakes obligations expressly set forth in this Agreement.
2. YOU ACKNOWLEDGE AND ACCEPT THAT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE PRC LAW, Acorn Box IS PROVIDED ON AN “AS IS”, “AS AVAILABLE” AND “WITH ALL FAULTS” BASIS. TTC Foundation shall not be held liable for malfunction of Acorn Box which results from the following reasons:
a) system maintenance or upgrading of Acorn Box;
b) force majeure, such as typhoon, earthquake, flood, lightning or terrorist attack etc.;
c) malfunction of your mobile device hardware and software, and failure of telecommunication lines and power supply lines;
d) your improper, unauthorized or unrecognized use of TTC Foundation services;
e) computer viruses, Trojan Horse, malicious program attacks, network congestion, system instability, system or equipment failure, telecommunication failure, power failure, banking issues, government acts etc.;
f) any other reasons not imputed to TTC Foundation .
3. TTC Foundation shall not be held liable under the following circumstances:
a) Users lose their mobile devices, delete Acorn Box applications and wallets without back-up, forget Wallet Passwords, Private Keys, Mnemonic Words, without back-up, which result in the loss of their TTC;
b) Users disclose their Wallet Passwords, Private Keys, Mnemonic Words, or lend or transfer their Acorn Box wallets to others, or authorize others to use their mobile devices or Acorn Box wallets, or download Acorn Box applications through unofficial channels, or use Acorn Box applications by other insecure means, which result in the loss of their Tokens;
c) Users mishandle Acorn Box (including but not limited to wrong address, failure of the node servers selected by you), which result in the loss of Tokens;
d) Users are unfamiliar with the knowledge of blockchain and their mishandling of Acorn Box results in loss of their Tokens;
e) Acorn Box is unable to copy accurate transaction records due to system delay or blockchain instability etc.;
f) Users shall undertake the risks and consequences of their transactions on the third-party-developed DAPPs.
4. You understand that Acorn Box is only a management tool for Tokens which is incapable to control the quality, security and legitimacy of products and services provided by the third-party-developed DAPPs, or the authenticity and accuracy of their information and their capabilities to fulfill the obligations under the agreements with you. You, at your sole discretion, decide whether to transact on the third-party-developed DAPPs. It is the third-party-developed DAPPs, instead of Acorn Box, that transact with you. We kindly remind you to carefully review the authenticity, legitimacy, and effectiveness of related information provided by the third-party-developed DAPPs before you decide to use the DAPPs. In addition, you shall also assume all the risks arising from the transactions between you and any third party exchanges.
5. You acknowledge that Acorn Box may provide services to you and your counterparties simultaneously and you agree to waive any actual or potential conflicts of interests and will not claim against TTC Foundation on such base or burden TTC Foundation with more responsibilities or duty of care.
6. TTC Foundation does not warrant that:
a) services provided by TTC Foundation would satisfy all your needs;
b) all techniques, products, services, information or other materials from TTC Foundation would meet your expectations;
c) all the transaction information in digital tokens markets captured from the third party exchanges are prompt, accurate, complete, and reliable;
d) your counterparties on Acorn Box will perform their obligations in the transaction agreements with you timely.
7. You are aware that Acorn Box is only a tool for Users to manage their Tokens and to display transaction information. TTC Foundation does not provide legal, tax or investment advice. You shall seek advice from professional legal, tax, and investment advisors. In addition, TTC Foundation shall not be liable for any investment loss, data loss etc. during your use of our service.
8. You understand that we may change our entry standards, limit the range and ways to provide services for specific Users etc. at any time in accordance with PRC laws and regulations.
XI. Entire Agreement
1. This Agreement incorporates Acorn Box Terms of Service, Acorn Box Privacy Policy, and other rules (including contents in the “Support” column) posted by TTC Foundation from time to time.
2. If any provision of this Agreement is found by a court with competent jurisdiction to be invalid, the other provisions of this Agreement remain in full force and effect.
3. This English version and other translated version of this Agreement (if any) are provided for the convenience of Users, and are not intended to revise the Chinese version of this Agreement. If there is any discrepancy between the Chinese version and non-Chinese version of this Agreement, the Chinese version shall prevail.
XII. Intellectual Property Rights Protection
1. Acorn Box is an application developed and owned by TTC Foundation. The intellectual property rights of any contents displayed in Acorn Box (including this Agreement, announcements, articles, videos, audios, images, archives, information, materials, trademarks or logos) are owned by TTC Foundation or the third party licensors. Users can only use the Acorn Box applications and its contents for the purpose of holding and managing their Tokens. In particular, without prior written consent from Acorn Box or the third party licensors, no one shall use, modify, decompile, reproduce, publicly disseminate, alter, distribute, issue or publicly publish the abovementioned applications and contents.
XIII. Governing Law and Dispute Resolution
1. The validity, interpretation, alternation, enforcement, dispute resolution of this Agreement and its revised versions shall be governed and construed in accordance with the laws of PRC. Where there is no applicable law, this Agreement shall be interpreted by applicable commercial and/or industrial practices.
2. If any dispute or claim in connection with this Agreement arises between you and TTC Foundation, the parties shall first attempt to resolve the dispute or claim through amicable negotiations in good faith. If the parties cannot reach an agreement, either party may sue the other party at the competent court where TTC Foundation is located.
XIV. Miscellaneous
1. If you live outside of PRC, you shall fully understand and conform to the laws, regulations and rules in your jurisdictions which are relevant to use of TTC Foundation services.
2. During your use of TTC Foundation services, if you come across any problems, you can contact us through the submission of your feedback on Acorn Box.
3. This Agreement is accessible for all Users on Acorn Box. We encourage you to read this Agreement each time you log onto Acorn Box.
4. This Agreement shall become effective on July 26, 2018.
As for any issues not covered in this Agreement, you shall comply with the announcements and relevant rules as updated by TTC Foundation from time to time.
TTC Foundation PTE. LED.