Terms and Conditions

1. Introduction

These Terms and Conditions ("Terms") govern your access to and use of the PURO mobile application, website, and related services (collectively, the "Services") provided by YOA LTD ("Company", "we", "us", or "our"), a company incorporated under the laws of England and Wales (Company No. 10009845), with its registered office at Suite 11 Penhurst House, 352-356 Battersea Park Road, London SW11 3BY.

By accessing or using the Services, you agree to be bound by these Terms. If you do not agree to all the terms and conditions set forth herein, you must not access or use the Services.

Please read these Terms carefully, including the risk factors in Section 11, before using the Services. You acknowledge that virtual currency transactions involve significant risks including the potential loss of your entire investment.

2. Definitions

• Company: YOA LTD, registered in England and Wales (Company No. 10009845), with its registered office at Suite 11 Penhurst House, 352-356 Battersea Park Road, London SW11 3BY.
• Services: The PURO mobile application and associated features including gasless token swaps, multi-chain wallet management, fiat on-ramp functionality, and any other features made available through the platform.
• Virtual Currency: Digital representations of value that can be digitally traded and function as a medium of exchange, including but not limited to tokens on Solana, Ethereum, Base, Polygon, Arbitrum, Optimism, and other supported blockchain networks.
• Wallet: The non-custodial embedded wallet infrastructure provided through PURO, which uses cryptographic key sharding tied to a user's chosen authentication method to enable secure interaction with blockchain networks.
• Gasless Swap: A token exchange transaction facilitated through the Services where the blockchain network transaction fees (gas fees) are subsidized or covered by the Company on behalf of the user.
• Fiat On-Ramp: The service enabling users to purchase virtual currency using fiat currency (such as EUR or USD) through integrated third-party payment providers, including MoonPay.
• Restricted Jurisdictions: Countries or territories where access to or use of the Services is prohibited by applicable law or regulation, including but not limited to: North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk, and any other jurisdiction subject to comprehensive sanctions by the United Kingdom, European Union, United Nations, or OFAC.

3. Eligibility

To use the Services, you must:

• Be at least 18 years of age or the age of legal majority in your jurisdiction;
• Have full legal capacity to enter into a binding agreement;
• Not be located in, or a resident or national of, any Restricted Jurisdiction;
• Not be subject to sanctions administered by the UK, EU, UN, OFAC, or any other applicable sanctions authority;
• Not have been previously suspended or removed from using the Services;
• Understand and accept the risks associated with virtual currency transactions as described in Section 11.

4. Description of Services

4.1 Non-Custodial Embedded Wallet

PURO provides access to a non-custodial embedded wallet infrastructure. The Company does not hold, manage, or have access to your private keys or digital assets at any time.

Your wallet relies on cryptographic key sharding tied to your chosen authentication method (e.g., email, social login, or passkey). The cryptographic keys required to authorize transactions are generated and utilized within secure, isolated hardware environments and can only be activated by your authenticated actions. Because this is a non-custodial service, the Company cannot recover your wallet or bypass the authentication requirements if you lose access to your connected login methods.

4.2 Gasless Token Swaps and Network Fees

The Services provide a feature allowing users to execute virtual currency swaps on supported blockchain networks where the network transaction fees ("gas fees") are subsidized by the Company ("Gasless Swaps").

You acknowledge and agree that in facilitating Gasless Swaps, the Company acts exclusively as a fee sponsor or utilizes third-party infrastructure to cover the cryptographic network costs associated with broadcasting your transaction.

(a) No Custody or Brokerage: At no point during a Gasless Swap does the Company take possession, custody, or control of your Virtual Currency. The Company does not act as a counterparty, broker, or liquidity provider to any trade. All swaps are executed peer-to-peer via independent, decentralized smart contracts or third-party liquidity protocols.

(b) Cryptographic Control: Ultimate authority over the transfer of your Virtual Currency remains strictly with you. The User must cryptographically sign the core transaction using their authenticated session. The Company's programmatic signature or involvement is strictly limited to authorizing the payment of the network gas fee.

(c) Modification and Fees: The Company reserves the right to modify, limit, or discontinue the Gasless Swap feature at any time, in its sole discretion, with or without notice. A distinct service fee may apply to swap transactions facilitated through the PURO application, which will be transparently disclosed to you prior to transaction confirmation.

4.3 Multi-Chain Support

PURO supports token swaps and wallet management across multiple blockchain networks including Solana, Ethereum, Base, Polygon, Arbitrum, and Optimism. The availability of specific chains and tokens is subject to change. The Company does not guarantee uninterrupted access to any particular blockchain network.

4.4 Fiat On-Ramp and UK Geoblocking

The Services may integrate with third-party payment providers, including MoonPay, to enable the purchase of virtual currency using fiat currency ("Fiat On-Ramp"). The Company acts solely as a technical interface and does not process, hold, or transmit fiat currency. All fiat transactions are subject to the independent terms, conditions, and KYC/AML requirements of the respective third-party provider.

(a) UK Financial Promotions Restriction: YOA LTD is not registered with the UK Financial Conduct Authority (FCA) to conduct cryptoasset activities or issue approved financial promotions. Consequently, the Fiat On-Ramp feature, alongside any associated promotional material, invitations, or inducements to purchase virtual currency, is strictly prohibited for users located in, or residents of, the United Kingdom.

(b) Access Controls: The Company implements technical measures, including IP geoblocking, to prevent UK residents from accessing the Fiat On-Ramp feature. You agree not to use Virtual Private Networks (VPNs), proxy servers, or any other methods to obscure your location or circumvent these restrictions.

(c) User Liability: If you bypass our geographic restrictions to access the Fiat On-Ramp from a restricted jurisdiction, including the UK, you do so entirely at your own risk and in direct violation of these Terms. The Company assumes no liability for any losses, regulatory actions, or account suspensions resulting from such unauthorized use.

5. User Responsibilities

5.1 Account Security and Authentication

You are solely responsible for maintaining the security and confidentiality of the authentication methods you use to access the PURO application (including your email accounts, social login credentials, passkeys, and physical devices).

Any transaction signed using your authenticated session is deemed authorized by you. The Company assumes no liability for any unauthorized access, loss of funds, or compromised assets resulting from your failure to secure your underlying email, linked social accounts, or personal devices against unauthorized access or phishing attacks.

You are solely responsible for maintaining the security of your devices, including keeping anti-virus software current and protecting against malware, keyloggers, and screen-sharing exploits. The Company is not liable for any loss of funds resulting from a compromised device.

5.2 Compliance with Laws

You agree to use the Services in compliance with all applicable local, national, and international laws and regulations. You are solely responsible for determining whether your use of the Services is lawful in your jurisdiction.

5.3 Accurate Information

You agree to provide accurate and truthful information when using the Services, including when utilizing the fiat on-ramp feature. Providing false or misleading information may result in the suspension or termination of your access to the Services.

5.4 Taxes

You are solely responsible for determining what, if any, taxes apply to your virtual currency transactions. It is your responsibility to report and remit the correct tax to the appropriate tax authority. The Company does not and will not track, calculate, report, or withhold any taxes arising from your use of the Services.

6. Transaction Terms

All virtual currency transactions executed on blockchain networks are final and irreversible. The Company cannot reverse, cancel, or modify any blockchain transaction once it has been broadcast to the network.

Token swap rates are determined at the time of execution and are subject to market volatility. The rate displayed prior to confirmation is an estimate and may differ from the final execution rate. Slippage and price impact may affect the amount of tokens received.

The Company may charge a service fee on swap transactions. All applicable fees will be transparently disclosed to you prior to transaction confirmation. By confirming a transaction, you agree to the displayed rate and fees.

7. Prohibited Activities

You agree not to use the Services to:

• Engage in money laundering, terrorist financing, or any other financial crime;
• Conduct fraud, market manipulation, or any deceptive practice;
• Trade or exchange stolen, fraudulently obtained, or illegally sourced virtual currency;
• Abuse or exploit the Gasless Swap feature, including but not limited to spamming the network, conducting Sybil attacks, executing automated wash trades, or otherwise attempting to maliciously drain the Company's sponsor wallets or paymaster resources;
• Use Virtual Private Networks (VPNs), proxy servers, or any other location-obfuscation methods to circumvent geographic access restrictions, specifically concerning the UK-restricted Fiat On-Ramp;
• Launch cyberattacks, distribute malware, or attempt to compromise the security of the Services;
• Reverse-engineer, decompile, or disassemble any component of the Services;
• Use automated systems, bots, or scripts to access or interact with the Services without prior written consent from the Company;
• Violate any applicable law, regulation, or third-party rights.

8. Intellectual Property

All content, trademarks, logos, designs, source code, and other materials associated with the Services are the exclusive property of the Company or its licensors and are protected by applicable intellectual property laws. You may not copy, modify, distribute, sell, or lease any part of the Services or included content without prior written permission from the Company.

9. Modifications to Terms

The Company reserves the right to amend these Terms at any time. Updated Terms will be posted on the website and within the application with at least 14 days advance notice, unless immediate changes are required by law or regulation. Your continued use of the Services after the effective date of any modification constitutes your acceptance of the revised Terms. If you do not agree to the revised Terms, you must discontinue use of the Services.

10. Suspension and Termination

The Company may immediately suspend, restrict, or terminate your access to the Services, without prior notice, if:

• You have violated any provision of these Terms;
• You have provided false or misleading information;
• The Services are being used for prohibited activities;
• You become subject to sanctions or are located in a Restricted Jurisdiction;
• Required by any governmental, regulatory, or law enforcement authority;
• Unusual or potentially unauthorized activity is detected on your account;
• The Company determines, in its sole discretion, that continued access poses a risk to the Company or other users.

As PURO utilizes an embedded wallet infrastructure, suspension or termination of your access to the PURO application may result in a loss of interface access to your funds. While the Company does not confiscate your assets, you are responsible for utilizing any key-export functionalities provided within the application prior to termination, where available and permitted by law. The Company is not liable for your inability to access or transfer virtual currency following a legitimate account suspension.

11. Risk Factors

By using the Services, you acknowledge and accept the following risks:

• Sponsored Transaction Failure: Gasless Swaps rely on the Company's sponsor wallets, third-party RPC nodes, and paymaster infrastructure. The Company does not guarantee the continuous availability of gas subsidies. Transactions may fail, revert, or require you to pay native network fees if sponsor funds are depleted, if third-party infrastructure experiences downtime, or if network base fees spike unexpectedly.
• Market Volatility: Virtual currency markets are highly volatile and unpredictable. The value of your virtual currency may decrease significantly, including to zero. The Company is not liable for any financial losses resulting from delayed or failed transactions during periods of high market volatility.
• Smart Contract Risk: Token swaps rely on smart contracts deployed on blockchain networks. Smart contracts may contain bugs or vulnerabilities that could result in the loss of funds.
• Network Risk: Blockchain networks may experience congestion, outages, forks, or other disruptions that could delay or prevent transactions.
• Regulatory Risk: Changes in laws or regulations may restrict or prohibit the use of virtual currencies or the Services in your jurisdiction. The Company may be forced to suspend features, such as the Fiat On-Ramp, or geoblock specific regions without prior notice to comply with regulatory directives.
• Routing and Slippage: Token swap routing is performed automatically. Adverse market conditions may result in slippage, meaning you may receive fewer tokens than initially estimated.
• Loss of Authentication Access: Your access to your embedded wallet is intrinsically linked to the third-party authentication methods you use to log in (such as your email provider or Apple/Google account). If you permanently lose access to these underlying accounts, or if they are deleted or suspended by their respective providers, you may permanently lose access to your virtual currency. The Company cannot manually override this security architecture or recover lost assets.
• Third-Party Risk: Fiat on-ramp services are provided by independent third parties, including MoonPay. The Company is not responsible for failures, delays, blocked transactions, or loss of funds caused by third-party payment providers enforcing their own compliance, KYC, or risk management policies.
• Pricing Information: Any pricing data, market values, or conversion rates displayed within the application are sourced from third-party data providers. The Company does not guarantee the accuracy, timeliness, or completeness of this data and shall not be liable for any trading decisions or losses made based on displayed pricing information.

12. Limitation of Liability

Nothing in these Terms shall exclude or limit the Company's liability for death or personal injury caused by our negligence, for fraud or fraudulent misrepresentation, or for any other liability that cannot be excluded or limited by English law.

To the maximum extent permitted by applicable law, the Company, its directors, officers, employees, affiliates, and agents shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, revenue, data, goodwill, or other intangible losses, arising out of or in connection with your use of or inability to use the Services.

The Services are provided on an "as is" and "as available" basis, without warranties of any kind, whether express, implied, or statutory, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement.

13. Indemnification

You agree to indemnify, defend, and hold harmless the Company, its directors, officers, employees, affiliates, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to: (a) your use of the Services; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; or (d) your infringement of any third-party rights.

14. Force Majeure

The Company shall not be liable for any delay or failure in performance resulting from causes beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, civil unrest, government actions, blockchain network failures, cyberattacks, pandemics, power outages, or internet disruptions.

15. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law provisions.

Any dispute arising out of or in connection with these Terms shall first be attempted to be resolved through good-faith negotiation. Complaints may be submitted to [SUPPORT_EMAIL].

If a dispute cannot be resolved through negotiation within 30 days, it shall be submitted to the exclusive jurisdiction of the courts of London, England.

You agree that you may only bring claims against the Company in your individual capacity, and not as a plaintiff or class member in any purported class, representative, or consolidated proceeding.

16. General Provisions

• Severability: If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
• Entire Agreement: These Terms, together with the Privacy Policy, constitute the entire agreement between you and the Company regarding the use of the Services.
• Assignment: The Company may assign its rights and obligations under these Terms without your consent. You may not assign your rights or obligations without prior written consent from the Company.
• Waiver: The failure of the Company to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.
• Third-Party Links: The Services may contain links to third-party websites or services. The Company is not responsible for the content, policies, or practices of any third-party websites.