Terms of Service

Last updated: December 2024

1. Introduction

Welcome to VOLT Network. These Terms of Service ("Terms") govern your use of our decentralized protocol, website, and related services. By accessing or using VOLT services, you agree to be bound by these Terms.

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VOLT is a decentralized protocol. While we provide interfaces and tools, the protocol operates independently of any central authority.

2. Services

2.1 Protocol Services

VOLT provides:

  • Stateless blockchain protocol
  • Feeless asset transfers
  • Privacy-preserving transactions
  • Multi-asset support
  • Developer tools and APIs

2.2 Web Interface

Our web interface provides access to protocol features, but users interact directly with the decentralized network.

3. Usage Guidelines

3.1 Permitted Use

You may use VOLT services for:

  • Legitimate asset transfers
  • Protocol development and testing
  • Educational and research purposes
  • Building applications on the protocol

3.2 Prohibited Activities

You may not use VOLT services for:

  • Illegal activities or money laundering
  • Violating applicable laws or regulations
  • Attempting to compromise network security
  • Spamming or network abuse
  • Infringing intellectual property rights

4. Tokens and Digital Assets

4.1 XRN Token

The XRN token serves as the native utility token for the VOLT network. Token holders may participate in governance and protocol decisions.

4.2 User-Generated Tokens

Users may create and transfer custom tokens using VOLT's SMT namespace system. Token creators are responsible for:

  • Compliance with applicable regulations
  • Accurate token information and metadata
  • Proper disclosure of token economics
  • Maintaining token contract security
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Note: Token creation and transfers are subject to protocol-level verification and security measures to prevent abuse.

5. Security and Privacy

5.1 Security Measures

VOLT implements multiple security layers:

  • Cryptographic proof validation
  • Sybil resistance mechanisms
  • Economic security measures
  • Continuous security monitoring
  • Regular security audits

5.2 Privacy Features

Privacy enhancements include:

  • Address rotation for unlinkability
  • Selective proof fetching
  • No transaction history requirements
  • Privacy-preserving state updates

6. Limitation of Liability

6.1 Disclaimer

VOLT services are provided "as is" and "as available" without warranties of any kind, either express or implied. We do not guarantee:

  • Uninterrupted service availability
  • Complete accuracy of protocol data
  • Recovery of lost private keys or assets
  • Prevention of all potential security risks

6.2 Risk Acknowledgment

Users acknowledge the inherent risks of:

  • Cryptocurrency and digital asset trading
  • Smart contract interactions
  • Network and protocol upgrades
  • Regulatory changes and compliance requirements
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Users are solely responsible for maintaining the security of their private keys and understanding the risks involved in using cryptocurrency services.

7. Changes to Terms

We may modify these Terms at any time. When we make changes, we will:

  • Post the updated Terms on our website
  • Update the "Last Updated" date
  • Notify users of material changes
  • Provide notice through our communication channels

Your continued use of VOLT services after changes to these Terms constitutes acceptance of the modified Terms.

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For questions about these Terms, please contact us at support@voltnetwork.org