‘Kalp Wallet- Terms and Conditions of Use’, contains terms and conditions (“Terms”) that constitute a legally binding agreement by and between, Kalp Digital Infra, a company incorporated under the companies act 2013, (“Company” or “We”), and each end user (which includes a visitor/surfer) (“You”, “you” or “user”) of Kalp Wallet (“Kalp Wallet”). Currently, Kalp Wallet is only available as a mobile application and not hosted on any website.
⦁ An account shall be created on Kalp Wallet for every Registered User after satisfying the onboarding Process (“Account”). Such an Account shall have an associated blockchain address (unique identity).
⦁ By registering on Kalp Wallet you understand that the Company reserves the right, in its sole discretion, to deny you access to Kalp Wallet or any portion thereof without notice for the following reasons: (i) any unauthorized access or use by you; (ii) if you violate any provision of the Company’s policies which includes the Terms, Privacy Policy, or any other policy enacted and posted by the Company from time to time; (iii) a direction from any governmental authority; (iv) if the Company is of the opinion that your Account is being used for immoral or unlawful purposes or the transaction being made through your Account are suspicious; or (v) you fail to adequately respond to the Company’s intimations or queries raised with respect to your Account.
⦁ You agree and understand that you are responsible for assets on Kalp Wallet, tokenized and stored in your Wallet and the Company shall not have any responsibility for such content, including its originality, legality, reliability, accuracy and appropriateness. The Company shall always have the authority to remove any or all of your Content from any of the Company’s platforms if such Content has violated the principles of the Company’s Content Security Policy.
⦁ You represent and warrant that you have obtained all rights, licenses, authorities, and consents over the assets that you request to tokenize through your Account and shall continue to have all the associated rights in the same. However, by accessing Kalp Wallet and requesting tokenization of your assets on the Company’s platform, you grant the Company and its affiliates, assignees, licensees, agents, and contractors, the right to share, post, advertise, publicize, transmit, host, use, modify, reproduce, transmit, broadcast, distribute, access, use, display, publish, distribute, adapt and modify such assets in the manner as the Company deems fit. This usage right of your Content shall be in the form of a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable license.
⦁ Registered users create a Account through Wallet for the Kalp DLT Registered users created a Wallet account on the kalp , subject to following the provided instructions.
⦁ The wallet creation process must require users to set device specific password, generate and verify a seed phrase for Account creation purposes.
⦁ Registered Users can import an existing wallet using a seed phrase from wallet service compatible with Kalp DL. Post verification of the seed phrase provided by the Registered User.
⦁ The Company reserves the right to refuse or suspend the wallet creation or import requests that do not comply with the specified procedures or security standards.
⦁ Registered Users can unlock their Kalp Wallet Account using either biometric authentication or a device-specific password (“Authentication Method”). Biometric authentication availability may depend on the capabilities of the Registered User’s device and the settings enabled.
⦁ Registered Users shall be responsible for choosing and maintaining the security of their chosen Authentication Method and shall ensure that their device’s Authentication Method is securely stored and used only by authorized individuals.
⦁ In case of loss of access to the Account by the Registered User due to Authentication Method failure, Registered User may reset their Account password using the seed phrase associated with their wallet Account, authenticated by either of the Authentication Method.
⦁ Registered User may initiate a recovery process to reveal their seed phrase for Account recovery purposes, by authenticating through the enabled Authentication Method. It is the user's responsibility to ensure that the seed phrase is accessed and used only in cases of genuine account recovery needs and not shared with unauthorized individuals. By initiating the recovery process and revealing the seed phrase using the enabled Authentication Method, users consent to the processing and transmission of their data as outlined in Kalp Wallet's Privacy Policy.
⦁ Registered Users must ensure that their device's enabled Authentication Method is securely stored and not accessible to unauthorized parties. The Company or Kalp Wallet is not liable for any unauthorized access, data breaches, or losses resulting from users' failure to secure their wallet password, biometric authentication, or device.
⦁ Registered Users can generate QR Codes for their wallet addresses within Kalp Wallet, facilitating seamless transactions by enabling easy sharing and scanning of QR Codes.
⦁ QR codes generated by Kalp Wallet are intended solely for facilitating transactions on the Kalp and should not be used for other purposes unless explicitly authorized by Kalp Wallet. Registered Users agree not to alter or tamper with QR codes generated by Kalp Wallet to ensure the integrity of transaction information.
⦁ Registered User shall be responsible for securely storing and protecting the QR code generated for their wallet address to prevent unauthorized access or misuse.
⦁ Kalp Wallet enables Registered Users to receive test network utility tokens (“Ginni”) exclusively for transactions and testing purposes on the Kalp Test Network. Registered Users can receive Ginni into their Kalp wallet Account by providing their wallet address to senders or scanning a QR code provided by the sender.
⦁ Transactions involving Ginni are processed on the Kalp and are subject to network conditions and transaction fees applicable to the test environment. Users are responsible for ensuring the accuracy of the wallet address provided to senders for receiving Ginni.
⦁ Kalp Wallet assumes no liability for any losses, damages, or disputes arising from transactions involving Ginni, including transaction errors, network failures, or unauthorized access. By receiving Ginni into Kalp Wallet, users consent to the processing and transmission of their data as outlined in Kalp Wallet's Privacy Policy.
⦁ Kalp Wallet allows Registered Users to view the wallet Account balance for Ginni. Registered Users can access the Ginni balance directly within Kalp Wallet reflecting all received and sent transactions.
⦁ Registered Users can view transactions performed on their device post-installation of Kalp Wallet. Further details of the transactions like amounts, timestamps, sender/receiver wallet addresses, and transaction statuses (confirmed, pending, etc.) can also be viewed.
⦁ Transactions not directly performed on the user's device can be viewed through Kalp Explorer, providing a comprehensive transaction history across the Kalp.
⦁ Registered Users may connect to Decentralized Applications (“DAPPs”) on the Kalp by enabling them to access and interact with various DAPPs through Kalp Wallet by scanning the QR Codes of such DAPPs. Access and interaction with DAPPs through Kalp Wallet are subject to compatibility with the Kalp and availability of the DAPP.
⦁ The Company may require the Registered Users to verify the authenticity and reliability of each DAPP before connecting with it through Kalp Wallet.
⦁ Kalp Wallet allows Registered Users to send Ginni to DAPPs connected by the Registered User and Account on the Kalp. Registered Users can initiate transactions by entering the recipient's wallet address or scanning the QR code within Kalp Wallet.
⦁ Kalp Wallet does not guarantee the availability, functionality, or performance of external DAPPs. Users acknowledge that DAPPs may have their separate terms of service and privacy policies, which they must review and agree to before using the DAPPs through Kalp Wallet.
⦁ Kalp Wallet is not liable for any losses, damages, or disputes arising from interactions with DAPPs, including but not limited to financial losses, data breaches, or disputes with DAPP providers.
⦁ By connecting to DAPPs through Kalp Wallet, users consent to the processing and transmission of their data as outlined in Kalp Wallet’s Privacy Policy.
In pursuance of your using Kalp Wallet, you affirm that you will not:
Enforcement: By using the services of the Company, you agree that the Company reserves the right to probe any violation of any of the Terms. If you are found guilty of a violation, the Company also has the right to take appropriate actions under appropriate regulations without your consent or prior intimation.
⦁ General Assumptions of Risk:
⦁ Risks of smart contracts and blockchain technology
Any changes to be made to the Terms will be effective once published on the website or upon release to the users of Kalp Wallet. Your continuous use of Kalp Wallet or the services available therein is considered your acceptance of such amended terms. If you do not agree to any amendments in the Terms, you must stop using Kalp Wallet effective immediately. Frequent viewing of the Terms is recommended for a better understanding of the Terms that apply to access and use of Kalp Wallet.
Upon the access and use of Kalp Wallet, you represent and confirm that you are not a part of any trade embargoes or economic sanctions list (such as the United Nations Security Council sanctions list), etc. The Company reserves the right to decide markets and jurisdictions to conduct business and may restrict or prohibit, as per discretion, the use of Kalp Wallet in certain countries or regions.
You shall fully indemnify, defend and hold harmless the Company its affiliates and its employees and directors, from and against any and all liability, claims, demands, actions, damages, costs, expenses, proceedings or investigations, whether judicial or administrative in nature, and/or other losses of any kind whatsoever (including, without limitation, reasonable attorneys' fees) (hereinafter referred to as the “Claims”), of whatever type and nature which shall be caused (directly or indirectly) by, arising out of, or in any manner be connected with the following:
All or any disputes, controversy or claim, arising out or touching upon or in relation to the Platform Terms, including the interpretations and validity of the terms hereof and respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through Arbitration of a sole Arbitrator appointed mutually by the Parties. The Arbitration shall be subject to the Arbitration and Conciliation Act, 1996 as may be amended from time to time. The Seat and Venue of the Arbitration shall be in New Delhi, and the arbitration shall be conducted in English language.