Terms and conditions — StaticBit

1. Introduction
1.1 Purpose of the Document
This document sets forth the Terms and Conditions (hereinafter referred to as the "Terms") governing the use of StaticBit products. This document constitutes a legally binding agreement between StaticBit and its users (hereinafter referred to as "Users"). It establishes the rules for using StaticBit and its associated services, clarifies the rights and obligations of both StaticBit and its Users, and stipulates that acceptance of these Terms is mandatory for accessing and using StaticBit's services. The Terms also describe functionalities, define the scope of services provided, and outline limitations and responsibilities.
1.2 Overview of StaticBit
StaticBit is a decentralized wallet integrated with the XRP Ledger (XRPL), designed for a global audience. Developed to enhance user interaction with the XRPL, StaticBit enables efficient engagement with XRPL ledger features.
1.3 Core and Developing Features of StaticBit
  • Trust Lines: StaticBit provides tools to search, establish, and manage trust lines directly from the application.
  • Data Analytics and Modeling: StaticBit offers analytics and modeling based on data aggregated from XRPL, granting critical insights into tokens, accounts, NFTs, and other blockchain elements, valuable for both beginners and experienced cryptocurrency traders.
  • Decentralized Exchange (DEX) Interface: StaticBit offers an intuitive interface for utilizing XRPL's built-in DEX functionalities, allowing users to conduct secure, peer-to-peer trades without intermediaries.
  • Automated Market Makers (AMM) and Liquidity Pools: StaticBit supports participation in AMM operations and liquidity pools, providing tools for asset management and investment within the XRPL ecosystem.
  • NFT Marketplace: StaticBit features a dynamic marketplace for NFTs, allowing users to buy, sell, and trade NFTs.
  • Account Management: StaticBit enables transaction formation to edit account settings, including, but not limited to, Domain and Email settings.
1.4 Decentralization and User Autonomy
StaticBit adheres to the principles of decentralization by not restricting user activities nor holding user funds. StaticBit does not provide financial advice but solely serves as an interface for blockchain interactions, preserving user autonomy and control over their assets and transactions.
1.5 Global Accessibility and Inclusiveness
StaticBit is designed for a global audience without geographical limitations, striving to foster an inclusive environment that enables users worldwide to engage in the digital economy and expand access to DeFi solutions. However, users bear full responsibility for compliance with all applicable local laws and regulations.

2. Definitions
To ensure clarity and avoid ambiguity, this section defines key terms used throughout the Terms. These definitions are crucial for the correct interpretation of the rights, obligations, and procedures established herein:
  • User: An individual or legal entity that uses StaticBit services and agrees to these Terms.
  • Token: A digital unit of value representing an asset, utility, or other form of value within a blockchain ecosystem, such as the XRP Ledger.
  • Decentralized Finance (DeFi): A blockchain-based ecosystem of financial applications, including decentralized exchanges (DEX), automated market makers (AMM), and other services accessible through StaticBit.
  • Order Book: A list of buy and sell orders for assets on a DEX, organized by price levels.
  • Decentralized Exchange (DEX): A cryptocurrency exchange operating without a central authority, using blockchain technology to facilitate secure peer-to-peer trading.
  • Automated Market Makers (AMM): Blockchain network protocols that provide liquidity for trading by utilizing algorithms to determine asset pricing and execute trades.
  • Slippage: The difference between the expected price of a trade and the actual executed price, which may be positive or negative, often occurring during periods of high volatility or with large orders.
  • Market Volatility: The rate at which asset prices increase or decrease within a given set of returns, being a significant factor in DEX trading and the broader cryptocurrency market.
  • Non-Fungible Token (NFT): A unique digital asset representing ownership of a specific item or content on a blockchain, such as digital art, collectibles, or other digital goods. NFTs are not interchangeable on a one-to-one basis with other tokens.
  • XRP Ledger (XRPL): A decentralized public blockchain managed by a global community of developers, providing fast transactions and robust security features.
  • Liquidity Pool: A collection of funds locked in the XRP Ledger that provides liquidity for trading on a DEX. Liquidity providers (LPs) contribute assets to these pools and may earn fees based on trading activity.
  • Wallet: A software or hardware solution enabling users to store, manage, and interact with their cryptocurrencies and digital assets on the XRP Ledger.
These definitions form the foundation for the subsequent sections of the Terms, ensuring a shared understanding of terminology related to interacting with StaticBit.

3. Acceptance of the Terms
Before using StaticBit products, it is crucial to carefully read and understand these Terms. By using, browsing, or otherwise interacting with StaticBit products, you confirm that you have read, understood, and agree to abide by these Terms. Interaction with StaticBit constitutes entering into a legally binding agreement that governs your use of our services and defines your rights and obligations.
3.1 Binding Agreement
3.1.1 Explanation
By using any StaticBit services, you, as a User, enter into a legally binding contract with StaticBit. This contract is governed by these Terms, which define your rights and responsibilities concerning the use of StaticBit, including the software, data, and other content provided.
3.1.2 Confirmation
This agreement becomes effective upon your first use of StaticBit and continues with each subsequent use. You are obligated to carefully read and understand these Terms, as they legally bind you to StaticBit from the moment you begin using the Platform. Each interaction with StaticBit under your account reaffirms your agreement to these Terms, which may be updated or amended over time.
3.2 Right to Contract
3.2.1 Age and Competence
To use StaticBit and accept these Terms, you must confirm that you have reached the age of majority and possess the legal capacity to enter into a binding contract within your jurisdiction. The age of majority is typically 18 years but may vary according to local laws. By accepting the Terms, you affirm that you possess the legal competence and are not restricted from using StaticBit's services under applicable laws.
3.2.2 Authority
If you are using StaticBit on behalf of a company, organization, or another legal entity, you must confirm that you have the legal authority to bind that entity to these Terms. By accepting the Terms, you affirm that you are fully authorized to act on behalf of the entity you represent, and that such entity accepts full responsibility for your actions related to the use of StaticBit’s services, including legal and financial obligations.
3.3 Explicit Consent
3.3.1 Confirmatory Actions
Explicit action is required from you as a User to formally accept these Terms. This typically includes clicking a "I Agree" button, checking a consent box, or performing a similar confirming action during registration or login. These actions ensure that you understand and accept all conditions before accessing or continuing to use StaticBit's services. Without these actions, access to functionalities is not permitted.
3.3.2 Continued Use
Continued use of StaticBit after any changes or updates to the Terms also signifies your acceptance of the revised terms. It is important to regularly review the Terms to stay informed of any modifications. Each access to or use of StaticBit after the posting of updates reaffirms your agreement to the latest version of the Terms. Continued consent is necessary to maintain access to StaticBit and adhere to evolving policies and guidelines.
3.3.3 Required Explicit Actions
It is important to understand that mere use of StaticBit does not imply automatic acceptance of the Terms. Acceptance is confirmed only through specific, conscious actions, such as clicking an "I Agree" button, checking a confirmation box, or performing other explicit actions required during registration, login, or when changes to the Terms are introduced.
This policy ensures that all users are fully aware of and have actively agreed to the conditions under which they interact with StaticBit, protecting both the users and StaticBit from misunderstandings regarding the nature of their agreement.
3.4 Legal Compliance and Responsible Use
3.4.1 Regulatory Compliance
Users of StaticBit are obligated to comply with all applicable local, national, and international laws and regulations concerning the use of the Platform. This includes, but is not limited to, laws regulating financial transactions, data security, privacy, and international communications. By accepting these Terms, you commit to acting within the legal framework of your jurisdiction when interacting with StaticBit's services.
3.4.2 Prohibited Activities
By using StaticBit, you agree not to engage in any unlawful or prohibited activities, including but not limited to:
  • Illegal Transactions: Involvement in transactions related to illegal goods or services, money laundering, terrorist financing, or other illegal activities.
  • Fraud and Deception: Creating false accounts, impersonating others, or providing false information to StaticBit.
  • Security Breaches: Attempting to bypass or disrupt StaticBit’s security measures or accessing unauthorized accounts or data.
  • Market Manipulation: Participating in pump-and-dump schemes, wash trading, or other activities aimed at manipulating asset prices.
  • Intellectual Property Violations: Uploading or transmitting content without appropriate rights or licenses.
  • Spam and Phishing: Using StaticBit to distribute phishing scams, spam, or malware.
  • Network Abuse: Launching or assisting denial-of-service attacks (DDoS) on StaticBit services.
  • Exploiting Vulnerabilities: Using exploits or bugs for unfair advantage or software circumvention.
  • Deceptive Marketing or Defamation: Promoting misleading projects or defaming competitors for manipulation.
  • Tax Evasion: Using the platform to hide assets or transactions to evade taxes.
  • Export Control Violations: Engaging in activities that breach export controls or sanctions regulations.
  • API Abuse: Excessive use of StaticBit’s API that burdens the infrastructure.
  • Harassment on the Platform: Engaging in bullying or harassment of other users.
  • Review Manipulation: Tampering with feedback or rating systems to mislead others.
Participation in prohibited activities may result in account suspension, access restrictions, legal action, or both. This commitment is aimed at protecting platform integrity, ensuring user safety, and adhering to regulatory requirements.
3.4.3 Responsible Use
The integrity and effectiveness of StaticBit heavily depend on responsible user behavior. Users are expected to:
  • Wallet Security: Maintain full responsibility for the security of private keys and other sensitive credentials.
  • Data Protection: Exercise caution when sharing personal information and remain vigilant against phishing attempts.
  • Market Integrity: Avoid any practices that could manipulate or distort the market.
  • Respectful Communication: Engage with others respectfully, avoiding harassment or abuse.
  • Resource Management: Use platform resources reasonably and avoid generating excessive or disruptive loads.
  • Intellectual Property Respect: Only upload or share content you have rights to and give proper attribution.
  • Ethical Marketing: Present products and opportunities honestly without exaggeration or deception.
By adhering to these responsible use guidelines, users contribute to a secure, trustworthy, and equitable environment for all participants on StaticBit.
4. Description of Services
4.1 User Interfaces
StaticBit is committed to delivering a highly functional and user-friendly interface that serves as a gateway to the core features of the XRP Ledger. StaticBit's user interface design philosophy is rooted in user-centric principles, emphasizing usability, continuity, accessibility, and comprehensive functionality. Our interfaces are carefully designed to ensure efficient navigation and use by all users, regardless of technical expertise.
The interfaces are intuitively built to simplify interactions with the decentralized functionalities of the XRP Ledger. This approach not only enhances user experience but also empowers users by providing direct access to ledger operations without intermediary control. StaticBit acts solely as a facilitator, offering tools and views that enable users to manage their transactions, investments, and blockchain interactions independently.
Continuity and accessibility are key aspects of our design, ensuring seamless experiences across devices and operating systems, which is crucial for users managing their digital assets on multiple platforms.
Importantly, StaticBit's user interfaces deliver real-time data directly from the XRP Ledger without altering or controlling user actions. This transparency is vital in a decentralized environment, where users expect both high performance and trust. By emphasizing simple, efficient, and direct interaction with the blockchain, StaticBit upholds the empowerment and autonomy principles central to the decentralized finance (DeFi) movement.
4.1.1 Decentralized Exchange (DEX) User Interface
StaticBit offers a dynamic and intuitive user interface for engaging with the decentralized exchange (DEX) functionalities of the XRP Ledger (XRPL). This interface simplifies trading operations, enabling users to interact directly with the market without intermediaries from traditional financial institutions. StaticBit enhances the user experience by integrating advanced functionalities suited for both beginner traders and experienced market participants.
4.1.2 Key Features of the DEX Interface
  • Trading Operations: Users can execute various trading activities, including buying, selling, and exchanging cryptocurrencies. The interface supports multiple order types (e.g., market orders, limit orders) to accommodate different trading strategies, allowing users to react swiftly to market changes.
  • Real-Time Market Data: The DEX interface provides real-time data on currency prices, trading volumes, and market trends, displayed through charts, graphs, and numerical indicators to enhance users' analytical capabilities.
  • Security and Privacy: Operating within a decentralized network reduces risks typical of centralized exchanges, such as single points of failure. Users retain full control over their private keys, ensuring exclusive access to their assets.
  • Liquidity and Slippage Management: StaticBit integrates features to efficiently manage liquidity and slippage, allowing users to view real-time liquidity levels and choose optimal trading strategies.
  • User-Centric Design: The interface prioritizes ease of use, offering simple navigation and customizable options to tailor the experience to individual preferences.
  • Integration with Decentralized Applications (dApps): StaticBit integrates with popular dApps, facilitating efficient asset management and enabling transaction requests through third-party applications supporting StaticBit authorization protocols.
4.1.3 Security and Decentralization
The decentralized nature of XRPL and the use of non-custodial wallets mean that users maintain full control over their funds, minimizing the risks associated with centralized platforms. StaticBit merely provides the interface and does not control key ledger functions or implement significant changes.
4.1.4 Compliance and Regulation
While StaticBit fosters decentralized trading and does not control operations performed on the blockchain, it complies with all applicable regulatory requirements to ensure a safe and compliant trading environment.
4.1.5 Automated Market Makers (AMM) and Liquidity Pools
StaticBit provides a sophisticated interface integrated with the Automated Market Maker (AMM) and liquidity pool functionalities of the XRP Ledger. This integration allows users to actively participate in liquidity provision and trading, essential components of the DeFi ecosystem.
4.1.6 Key Features of the AMM and Liquidity Pool Interface
  • Liquidity Provision Participation: Users can contribute to liquidity pools by depositing token pairs, facilitating trading and earning transaction fees as rewards. StaticBit simplifies the joining and exiting processes through clear mechanisms.
  • Advanced Swap Functions: Users can perform token swaps through an automated system that seeks the best trading paths without requiring manual intervention.
  • Auto-Bridging and Pathfinding Technologies: StaticBit leverages these XRPL-native technologies to optimize token swaps, automatically finding the most efficient routes across multiple pools to minimize costs and execution time.
  • Real-Time Data and Analytics: The interface provides real-time data on liquidity pool performance, including current rates, pool sizes, and compositions, enabling informed decision-making.
  • Risk Management Tools: Features such as slippage control settings and pool status monitoring help users manage exposure to market volatility and adverse trading conditions.
4.1.6.1 Security and Decentralization
As with other XRPL functionalities, users always retain full control over their assets, and StaticBit does not hold or manage users’ funds, private keys, or ledger functions.
4.1.6.2 Compliance and Regulation
Although StaticBit cannot enforce or control blockchain operations, it adheres to regulatory requirements where applicable to maintain a safe and compliant environment.

4.2 NFT Marketplace
StaticBit presents a sophisticated NFT marketplace integrated with the XRP Ledger, allowing users to buy, sell, and trade Non-Fungible Tokens (NFTs) directly on the platform.
4.2.1 Key Features of the NFT Marketplace Interface
  • Buying and Selling NFTs: Users can list NFTs at fixed prices, enabling instant purchases based on pre-set rates.
  • Direct NFT Swaps: Users can directly exchange NFTs with one another, enhancing liquidity and fostering peer-to-peer trading without fiat currency intermediaries.
  • Integration with dApps: The marketplace integrates with dApps to facilitate asset management and secure NFT transactions.
  • User-Focused Design: The design emphasizes usability, quick navigation, and efficient access to trading tools.
4.2.1.1 Security and Decentralization
Due to the decentralized nature of XRPL and non-custodial wallet use, users retain complete control over their NFTs. StaticBit acts only as a user interface layer and cannot alter or control user transactions.
4.2.1.2 Compliance and Regulation
While promoting decentralized NFT trading, StaticBit strictly adheres to regulatory standards to combat fraud, verify authenticity, and protect user data.
4.2.2 Portfolio Management Tools
StaticBit offers advanced portfolio management tools tailored to help users effectively track and manage their XRPL investments.
4.2.3 Key Features of the Portfolio Management Tools
  • Visual Analytics: Real-time and historical investment trends are presented through dynamic visualizations for easy comprehension.
  • Order Management: Integrated order management systems allow users to organize and track buy/sell operations seamlessly.
  • Performance Tracking: Automated tools monitor portfolio performance, delivering alerts on price fluctuations to help users respond promptly.
  • Risk Assessment: Built-in risk assessment features help users analyze and understand potential risks associated with their investments, supporting strategy development aligned with their financial goals.
5. User Account Management
5.1 Account Creation
StaticBit streamlines account creation and verification by integrating directly with the XRP Ledger, eliminating the need for traditional registration methods. Users create or connect their blockchain addresses for authentication, establishing their wallet address as a unique identifier. This process leverages blockchain technology for secure, decentralized verification without requiring traditional identification documents.
Operating in a non-custodial mode, StaticBit neither accesses nor stores users' private keys or passwords, except for device-embedded storage under the user's control, thereby enhancing security and user autonomy.
This method ensures immediate access to services upon wallet connection, safeguarding user privacy and limiting the collection of personal information.
5.1.2 Account Responsibilities
By connecting blockchain addresses to StaticBit, users assume full responsibility for managing and securing their accounts.
Responsibilities include ensuring that all transactions are lawful, accurate, and comply with StaticBit’s Terms.
Illegal or fraudulent activities may result in service denial or legal action.
Users must maintain the confidentiality of their wallet credentials, using strong, unique passwords and regularly updating security settings.
In the event of a security breach or unauthorized account access, users must immediately notify StaticBit.
However, StaticBit is not liable for any losses arising from compromised credentials or user negligence.
Adhering to these responsibilities helps maintain a secure and compliant environment for all StaticBit participants.
5.1.3 Security Measures
As StaticBit operates in a non-custodial manner, it never holds or manages users’ private keys, funds, or cryptocurrencies at any time.
Users must implement their own security measures to protect their wallet credentials, including:
  • Using strong, unique passwords.
  • Enabling two-factor authentication (2FA) where available.
  • Employing secure storage solutions such as hardware wallets or encrypted applications.
StaticBit strongly recommends users regularly review and strengthen their security practices to defend against unauthorized access and potential security threats.
5.1.4 Account Suspension and Termination
Given the decentralized and non-custodial nature of StaticBit, the platform does not have the authority to directly suspend or terminate users’ blockchain addresses.
However, StaticBit reserves the right to restrict access to its services for addresses found to be engaged in activities violating these Terms, including but not limited to fraudulent behavior, market manipulation, or actions undermining platform integrity.
In such cases, StaticBit may block access to its applications for the relevant wallet, effectively preventing further use of its services.
6. User Obligations
6.1 Legal Compliance
6.1.1 Compliance with Laws and Regulations
Users are required to comply with all applicable international, national, and local laws, regulations, and ordinances relating to the use of StaticBit’s services.
This includes, but is not limited to, laws concerning:
  • Financial transactions,
  • Anti-Money Laundering (AML),
  • Counter-Terrorism Financing (CTF),
  • Sanctions,
  • Data protection,
  • Consumer rights.
Users bear sole responsibility for ensuring that their use of StaticBit’s services complies with all legal obligations applicable in their jurisdiction.
6.1.2 Jurisdictional Restrictions
Users are responsible for ensuring that they are legally permitted to use the Platform in their jurisdiction and for complying with any local restrictions or prohibitions regarding the use of cryptocurrencies or decentralized finance (DeFi) platforms.
StaticBit reserves the right to restrict access to its services in certain jurisdictions if required by law.
6.1.2 Accurate Information
Users must provide accurate, up-to-date, and complete information during login and in all subsequent interactions with StaticBit.
This includes, but is not limited to:
  • Personal details (where applicable),
  • Wallet addresses,
  • Transaction information.
Any misrepresentation, falsification, or omission of information may result in account suspension, termination, or legal action.
6.1.3 Prohibited Activities
Users must refrain from any activities that may harm the platform, other users, or violate these Terms. Prohibited activities include, but are not limited to:
  • Engaging in fraud or illegal transactions,
  • Participating in money laundering or terrorist financing,
  • Attempting unauthorized access to user accounts or data,
  • Manipulating market prices through tactics such as wash trading or spoofing,
  • Engaging in any unlawful activities such as trading in banned substances or stolen goods.
StaticBit reserves the right to take appropriate measures against any user found engaging in prohibited activities.
Such measures may include suspension of access, account termination, and, where necessary, reporting to relevant authorities.
Users are encouraged to report any suspicious activities or violations to help maintain a safe and compliant trading environment.
6.1.4 Reporting Violations
Users are encouraged to promptly report any suspicious activity or suspected violations of these Terms through the designated reporting channels provided by StaticBit.
By reporting such actions, users contribute to maintaining a secure and trusted environment for all participants.
7. Risks and Liability
By using StaticBit, you acknowledge and accept that interacting with cryptocurrencies, fungible tokens, non-fungible tokens (NFTs), and blockchain technology entails inherent risks. By accessing our applications, you agree to knowingly and voluntarily assume these risks in your financial and transactional activities.
7.1 Market Volatility and Asset Valuation
You acknowledge that the valuation of cryptocurrencies, fungible tokens, and NFTs available through StaticBit (which serves solely as a user interface to the XRP Ledger) is inherently subjective and subject to significant volatility.
Economic factors, market demand, technological developments, and regulatory changes may cause rapid and substantial price fluctuations.
Such volatility can significantly and negatively impact the value and liquidity of your digital assets.
While StaticBit provides access to market data and transaction capabilities, it does not directly list or control these assets.
Thus, StaticBit disclaims any responsibility for asset performance or valuation and accepts no liability for losses arising from market volatility.
Furthermore, you understand that speculative trading dynamics may amplify price movements, increasing the potential for significant financial loss.
Given StaticBit's role solely as an interface, it is crucial that you assess your financial situation and risk tolerance before engaging in transactions.
You are encouraged to conduct thorough research and consult financial advisors where appropriate before making investment decisions via StaticBit.
7.2 Technological and Operational Risks
You acknowledge that interacting with StaticBit, functioning solely as a user interface to the XRP Ledger, involves inherent technological and operational risks.
The platform’s reliance on blockchain technology means that:
  • System failures,
  • Software bugs,
  • Ledger disruptions
may affect your ability to access or transact with digital assets.
StaticBit does not host or directly control assets. Its functionality depends entirely on the performance and stability of the XRP Ledger.
You accept that network slowdowns, unexpected maintenance, or ledger infrastructure failures may limit your access to StaticBit and your assets, potentially causing delays or losses.
Moreover, due to the decentralized nature of blockchain systems:
  • Transactions are typically irreversible.
  • Errors or unintended transactions usually cannot be corrected.
You also acknowledge that emerging blockchain technologies may introduce new vulnerabilities, and that regulatory changes could impact operational practices.
Thus, you are encouraged to stay vigilant, keep your knowledge up-to-date, and adjust your platform usage strategies accordingly.
By using StaticBit, you accept these technological and operational risks and agree to bear full responsibility for any resulting consequences.
7.3 Limitation of Liability
7.3.1 Disclaimer
StaticBit acts solely as a user interface to the XRP Ledger and does not list, control, or manage underlying digital assets.
Therefore, StaticBit explicitly disclaims liability for any loss or damage arising from:
  • Your use of StaticBit, including but not limited to any system errors, inaccuracies, or omissions in the information provided.
  • Issues with the underlying XRP Ledger infrastructure, including network congestion, forks, or technical failures.
  • Any third-party services integrated with StaticBit, such as dApps, oracles, or other DeFi protocols.
  • Transactions executed on the XRP Ledger, whether through StaticBit’s interface or otherwise, including errors in transaction execution, vulnerabilities, or unauthorized wallet access.
  • Market volatility affecting the valuation of cryptocurrencies, fungible tokens, or NFTs.
  • Force majeure events, such as natural disasters, war, or government actions.
7.3.2 No Liability for Indirect or Consequential Damages
Under no circumstances shall StaticBit be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to:
  • Loss of profits,
  • Loss of data,
  • Loss of use,
  • Loss of goodwill,
  • Any other intangible losses,
arising out of or in connection with your use of StaticBit or these Terms.
7.4 Indemnification
As a user of StaticBit, you agree to indemnify, defend, and hold harmless StaticBit, its affiliates, officers, directors, employees, agents, licensors, and service providers from and against any claims, liabilities, expenses, or damages, including reasonable legal fees and costs, arising from:
  • Your use of the platform,
  • Your violation of these Terms,
  • Your infringement of the rights of any third party, including but not limited to intellectual property rights and privacy rights,
  • Your negligence or misconduct.
This indemnity obligation applies to all claims, demands, or proceedings arising from your actions, regardless of whether such actions occur during or after your use of StaticBit.
You also agree to fully cooperate upon reasonable request in the defense of any such claim.
StaticBit reserves the right to assume exclusive defense and control of any matter subject to indemnification, without relieving you of your indemnity obligations.
7.5 Third-Party Dependencies
StaticBit uses various third-party services to enhance platform functionality and user experience.
Such services may include, but are not limited to:
  • Payment processors,
  • Data analytics providers,
  • Integrated dApps.
While StaticBit strives to select reliable third-party service providers, it does not control or assume responsibility for their actions or omissions.
You acknowledge and agree that StaticBit shall not be held liable for any losses or damages arising from your use of or reliance on third-party services.
You are solely responsible for reviewing and understanding the terms and conditions of any third-party services you engage with via StaticBit.
7.6 Legal and Tax Responsibilities
As a user of StaticBit (serving solely as a user interface to the XRP Ledger and not listing assets), you are solely responsible for ensuring compliance with all applicable laws and tax obligations in your jurisdiction.
This includes accurately reporting and paying:
  • Income taxes,
  • Capital gains taxes,
  • Any other applicable taxes related to cryptocurrency and token transactions accessed via StaticBit.
StaticBit does not provide tax advice or tax calculation services.
You are encouraged to consult a qualified tax professional to ensure compliance with your local requirements.
Furthermore, you must remain aware of and adapt to evolving regulatory developments affecting blockchain technology and digital assets.
By using StaticBit, you acknowledge your sole responsibility for lawful use of the platform, adherence to tax regulations, and indemnification of StaticBit against any claims or disputes arising from non-compliance.
8. Intellectual Property Rights
8.1 Ownership of Content and Services
StaticBit asserts full ownership over the content, technology, and services provided within its developed applications, except where explicitly stated otherwise.
This includes, but is not limited to:
  • Software,
  • User interface designs,
  • Text,
  • Images,
  • Logos,
  • Other materials published through StaticBit.
All such content is protected by copyright, trademark, patent, and other intellectual property laws worldwide.
As a user, you acknowledge that any unauthorized use of these materials without prior written permission from StaticBit constitutes an infringement of StaticBit’s intellectual property rights and may result in legal action.
8.2 Usage Restrictions
Users of StaticBit are granted a limited, non-exclusive, non-transferable license to access and use the applications and their content solely for lawful purposes as outlined in these Terms.
This license is subject to the following restrictions:
  • Users may not modify, copy, reproduce, republish, upload, post, transmit, translate, sell, create derivative works from, or distribute any part of the Platform or its content in any form or by any means without explicit written consent from StaticBit.
  • Users are prohibited from using data mining tools, robots, or similar data extraction technologies on the Platform's content.
  • Users may not frame or embed any part of StaticBit’s content within another website, service, or application.
StaticBit reserves the right to terminate a user's access to the Platform if these restrictions are violated.
8.3 Third-Party Content
StaticBit may include or provide links to content owned or operated by third parties, such as:
  • Articles,
  • Data feeds,
  • Annotations.
StaticBit does not control, endorse, or assume responsibility for third-party content and does not guarantee its accuracy, copyright compliance, legality, or appropriateness.
Users are advised to exercise caution when leaving StaticBit and to review the terms and privacy policies of any third-party websites, services, or applications they access.
9. Privacy and Data Protection
9.1 Data Collection and Use
StaticBit, as an application, is committed to protecting the privacy of its users.
We do not collect personally identifiable information (PII) through traditional registration methods.
Access to our services is provided through blockchain addresses and device identifiers, eliminating the need for users to provide personal identification data.
The data collected is strictly limited to what is necessary for platform operation and service delivery, which may include:
  • Public blockchain information: This includes publicly available data on the XRP Ledger, such as wallet addresses, transaction hashes, and interaction data with platform features, used solely to facilitate and verify transactions and enhance service functionality.
  • Technical information: We may collect technical details about your device, such as IP address, operating system, browser type, and device identifiers. This information is used for troubleshooting, analytics, security, and improving platform functionality.
StaticBit adheres to a strict data minimization policy, collecting only the data necessary for legitimate purposes as outlined in this section.
9.2 Data Minimization and Purpose Limitation
StaticBit rigorously follows the principle of data minimization, ensuring that personal data collection is limited to what is directly necessary for achieving specific purposes.
This approach is a key component of our data management strategy aimed at enhancing privacy and data governance.
9.2.1 Data Minimization
We collect and process only personal data that is adequate, relevant, and necessary for:
  • Providing and improving our services: Including facilitating transactions on the XRP Ledger, enhancing user experience, and developing new features (such as wallet addresses, transaction hashes, and platform interaction data).
  • Communication: With your consent, we may use your contact information (e.g., email address, social media channels) to send service notifications, updates, and marketing communications.
  • Legal compliance: In specific cases, we may process your data to comply with legal obligations, such as Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, where applicable.
To ensure data minimization, we:
  • Limit the collection of personal data to what is strictly necessary for stated purposes.
  • Implement robust technical and organizational measures to restrict access to personal data based on the "need-to-know" principle.
  • Regularly review our data collection practices to ensure ongoing compliance with the purposes stated.
9.2.2 Purpose Limitation
We process personal data solely for the purposes stated at the time of collection or for purposes compatible with the original purpose.
If we intend to process personal data for a new purpose incompatible with the original, we will:
  • Provide you with clear and transparent information about the new purpose, and
  • Obtain your consent prior to any such processing if required by law.
9.3 Security of Personal Information
StaticBit operates exclusively as a user interface to the XRP Ledger and does not store, process, or have access to users' private keys or PII on its servers, aside from information stored on the user’s device.
Users bear full responsibility for securing their personal information and digital assets.
We recommend that users:
  • Keep private keys confidential and never share them with anyone.
  • Use strong security measures for key storage, such as hardware wallets or encrypted wallet apps.
  • Access StaticBit only through secure, private internet connections and avoid public Wi-Fi networks.
  • Keep their StaticBit software and related applications up to date with the latest security patches.
  • Enable multi-factor authentication (MFA) for their wallets when available.
  • Connect only to verified dApps.
  • Carefully review transactions before signing.
While StaticBit does not implement specific security measures beyond those inherent to the XRP Ledger, we actively promote best practices for security and encourage users to remain vigilant in protecting their digital assets.
9.4 Data Disclosure to Third Parties
Disclosure of data to third parties is strictly limited to cases necessary for providing platform services, ensuring regulatory compliance, or with the user’s explicit consent.
All third-party service providers engaged by StaticBit are contractually obligated to uphold equivalent levels of data protection and privacy.
Disclosure may include:
  • Service Providers: We engage various service providers for hosting, maintenance, error monitoring, performance monitoring, billing, customer relationship management, database management, and direct marketing campaigns. We share user data only to the extent necessary for these services.
  • Legal Compliance: We may disclose personally identifiable information upon request by governmental authorities to investigate, verify, or enforce compliance with our policies or applicable laws or to protect against misuse or unauthorized use of our Services.
9.5 Changes to Privacy Practices
If we make changes to our privacy practices, we will notify users by updating the date at the top of the Privacy Policy and, in some cases, by providing additional notice (such as adding a statement on the main page of our services or sending a notification).
We encourage you to review the Privacy Policy periodically when accessing the Services to stay informed about our information practices and ways you can help protect your privacy.

Date: May 10, 2025
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