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Terms & Conditions

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Terms and Conditions

1 Introduction

1.1 Purpose of the Document

The purpose of this document is to outline the Terms and Conditions (T&Cs) governing the use of XPMarket, a digital platform offered by XLS Labs Inc. This agreement constitutes a legally binding contract between XPMarket (the "Platform") and its users (the "Users") and sets forth the terms for your use of XPMarket and its associated services. It aims to clarify the rights and responsibilities of both XPMarket and its users. Understanding and agreeing to these terms is mandatory for accessing and using the services provided by XPMarket. The T&Cs also explain the operational functionality of the Platform, delineating the scope of services offered, as well as the limitations and the extent of liability of XLS Labs Inc..

1.2 Overview of XPMarket

XPMarket, operated by XLS Labs Inc., is a decentralised finance (DeFi) platform integrated with the XRP Ledger (XRPL). Situated strategically at the Bloc Office Hub in the Sta. Maria Business District, Panama City, Panama, the platform caters to a global clientele. It is designed to enhance user interaction with the XRPL, providing sophisticated analytics and tools to engage with the ledger’s functionalities efficiently.

1.3 Principal Features of XPMarket

Data Analytics and Modelling: The platform provides in-depth analysis and modelling based on data aggregated from the XRPL. It facilitates access to critical information on tokens, NFTs, and other blockchain elements, which is instrumental for both new entrants and seasoned traders in the cryptocurrency market.

User Interface for Decentralised Exchanges (DEX): XPMarket offers an intuitive interface for the XRPL's native DEX functionalities, allowing users to perform secure and direct trades without intermediary intervention, thereby promoting a streamlined trading experience.

Automated Market Makers (AMM) and Liquidity Pools: The platform supports participation in AMM operations and liquidity pools, providing tools for efficient management of assets and investments within the XRPL ecosystem.

NFT Marketplace: XPMarket hosts a dynamic marketplace for NFTs, enabling users to buy, sell, and trade NFTs seamlessly. Additionally, it offers an auction system that allows users to participate in bidding for NFTs, leveraging the native support of the XRPL for these transactions.

Launchpad IDO: XPMarket includes a non-custodial, decentralised crowdfunding platform based on the orderbook DEX. This feature allows users to participate in Initial DEX Offerings (IDOs), providing a mechanism for raising capital through community-driven participation without the need for traditional custodial financial intermediaries.

1.4 Decentralisation and User Autonomy

XPMarket upholds the principles of decentralisation by ensuring that it does not control or execute blockchain transactions nor holds custody of user funds. XPMarket does not provide financial advice. The platform's role is limited to providing an interface through which users can interact with the blockchain's native features, thus maintaining user autonomy and control over personal assets and transactions.

1.5 Global Accessibility and Inclusivity

Despite being based in Panama, XPMarket is designed with a global vision, targeting a diverse user base without geographical limitations. The platform is committed to fostering an inclusive environment that empowers users from varied backgrounds to participate actively in the digital economy, enhancing global access to DeFi solutions. However, users are solely responsible for ensuring their compliance with all applicable local laws and regulations.

2 Definitions

In order to ensure clarity and prevent ambiguity, this section provides definitions for key terms used throughout the Terms and Conditions document. These definitions are crucial for the proper interpretation of the rights, responsibilities, and procedures established within.

  • User: An individual or entity accessing or using XPMarket's services, who has accepted these Terms and Conditions.
  • 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): An ecosystem of financial applications built on blockchain technology, including decentralized exchanges (DEXs), automated market makers (AMMs), and other services accessible through XPMarket.
  • Order Book: A list of buy and sell orders for a particular asset on a DEX, organized by price level.
  • Decentralised Exchange (DEX): A type of cryptocurrency exchange operating without a central authority, using blockchain technology to facilitate secure peer-to-peer trading of digital assets. The DEX on XPMarket utilizes the XRP Ledger for all operations.
  • Automated Market Makers (AMM): Protocols on blockchain networks that provide liquidity for trading by using algorithms to determine asset prices and execute trades.
  • Slippage: The difference between the expected price of a trade and the actual executed price, which can be positive or negative. Slippage often occurs during periods of high volatility or for large orders.
  • Market Volatility: The rate at which the price of assets increases or decreases for a given set of returns. Market volatility is a significant factor in trading on DEXs and in the cryptocurrency market in general.
  • Non-Fungible Token (NFT): A unique digital asset representing ownership of a specific item or piece of content on a blockchain, such as digital art, collectibles, or other digital goods. NFTs are not interchangeable with other tokens on a 1:1 basis.
  • XRP Ledger (XRPL): A decentralized, public blockchain led by a global developer community. It is the underlying technology upon which XPMarket operates, facilitating fast transactions and robust security features.
  • Liquidity Pool: A pool of funds locked in a smart contract on 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 the pool's trading activity.
  • Initial DEX Offering (IDO): A non-custodial fundraising event where new projects or companies issue tokens directly on a DEX to raise capital from the community.
  • Wallet: A software or hardware tool allowing users to store, manage, and interact with their cryptocurrency and digital assets on the XRP Ledger.

These definitions serve as a foundation for the subsequent sections of the Terms and Conditions, ensuring that all participants understand the terminology relevant to their interactions with XPMarket.

3 Acceptance of the Terms

Before you begin using XPMarket, it is crucial that you carefully read and understand these Terms and Conditions (T&Cs). By accessing, browsing, or otherwise using XPMarket, you acknowledge that you have read, understood, and agree to be bound by these T&Cs. Engaging with our platform means entering into a legally binding agreement that governs your use of our services and defines your rights and responsibilities.

3.1 Binding Agreement

3.1.1 Explanation

By accessing or utilising any services provided by XPMarket, you, the user, are entering into a binding legal contract with XLS Labs Inc. This contract is governed by the Terms and Conditions (T&Cs) set forth in this document. The T&Cs constitute a legal agreement that outlines your rights and obligations in relation to your use of XPMarket, including any software, data, and other content provided on the platform.

3.1.2 Confirmation

This agreement becomes effective immediately upon your first use of XPMarket and will continue to be in effect each time you use the platform thereafter. It is incumbent upon you to read and understand these T&Cs thoroughly as they legally bind you with XLS Labs Inc. from the moment you start using the platform. Each session or interaction with XPMarket under your account reaffirms your acceptance and agreement to be legally bound by these terms as they may be updated or amended from time to time.

3.2 Capacity to Contract

3.2.1 Age and Competency

To use XPMarket and accept these Terms and Conditions, you must confirm that you are of legal age and competent to form a binding contract within your local jurisdiction. The legal age to enter into contracts typically is 18 years, but this may vary depending on local laws. By agreeing to these Terms, you represent that you have the legal capacity to enter into a contract and are not otherwise prohibited from using the services provided by XPMarket under the laws applicable to you.

3.2.2 Authority

If you are using XPMarket on behalf of a business, organisation, or any other type of entity, you must verify that you possess the legal authority to bind that entity to these Terms and Conditions. By accepting these Terms, you acknowledge and agree that you are acting with full authorisation from the entity you represent, and that the entity will be held accountable for your actions in relation to XPMarket's services, including any legal and financial obligations that arise.

3.3 Active Consent

3.3.1 Affirmative Actions

To formally agree to these Terms and Conditions, explicit actions are required from you, the user. These actions typically involve clicking an "I Agree" button, checking a box next to a statement that confirms your agreement, or performing a similar affirmative action as part of the registration or login process on XPMarket. Such actions are designed to ensure that you understand and accept all the terms explicitly before you begin or continue using the services offered by XPMarket. Without these affirmative actions, you will not be allowed to access the full functionality of the platform.

3.3.2 Continued Use

Your continued use of XPMarket after any modifications or updates to the Terms and Conditions have been implemented also constitutes your agreement to the revised terms. It is imperative that you regularly review these Terms to stay informed of any changes. Each time you access or use XPMarket following the posting of changes to these Terms, you signify your acceptance of the updated terms. This ongoing consent is crucial for maintaining your access to XPMarket and ensuring compliance with the evolving guidelines and policies governing its use.

3.3.3 Explicit Actions Required

It is crucial to understand that mere use of XPMarket does not constitute an implicit acceptance of these Terms and Conditions. Acceptance of the terms can only be confirmed through specific, deliberate actions taken by you, the user. These actions include, but are not limited to, clicking an "I Agree" button, checking a box that indicates your consent, or performing any other explicit gestures required during the registration or log in process or when changes to the terms are implemented.

This policy ensures that all users are fully aware of and have actively agreed to the terms under which they are engaging with XPMarket. Without these explicit actions, any use of the platform does not bind the user to the Terms and Conditions, nor does it imply that the user agrees to comply with the terms. This distinction is essential to maintain clarity and fairness in the use of XPMarket, protecting both the user and XLS Labs Inc. from misunderstandings about the nature of their agreement.

3.4 Legal Compliance and Responsible Use

3.4.1 Regulatory Adherence

Users of XPMarket are required to agree to and comply with all applicable local, national, and international laws and regulations pertaining to their use of the platform. This compliance extends to laws governing financial transactions, data security, privacy, and international communications, among others. By accepting these Terms and Conditions, you affirm your commitment to operate within the legal frameworks of your jurisdiction while engaging with XPMarket's services. It is your responsibility to ensure that your activities on the platform do not violate any legal standards that apply to you based on your location, the nature of your transactions, or any other relevant criteria..

3.4.2 Prohibited Activities

In using XPMarket, you agree not to engage in any activities that are illegal or contrary to the provisions set out in these Terms and Conditions. This includes, but is not limited to: Illegal Transactions: Engaging in transactions involving illegal goods or services, such as drugs, weapons, and illegal data. This includes money laundering, financing terrorism, or conduct any other activity that could be considered as part of an illegal enterprise. Fraud and Deception: Creating false accounts, falsifying your identity or any information provided to XPMarket, impersonating another person or entity, or manipulating information to hide illegal activities. Security Breaches: Attempting to breach or circumvent any security or authentication measures put in place by XPMarket or attempting to access any account or data not belonging to you without permission. Market Manipulation: Engaging in market manipulation activities such as pump-and-dump schemes, wash trading, or any other strategies intended to manipulate asset prices or trading volumes on the decentralised exchange. Intellectual Property Violations: Uploading, posting, or otherwise transmitting any content that you do not have the right to transmit under any law or under contractual relationships; this includes unauthorised disclosure of proprietary or confidential information. Spamming and Phishing: Using XPMarket to conduct phishing attacks, distribute spam or unwanted commercial messages, or solicitations. This includes using XPMarket to distribute malware or other malicious code. Network Abuse: Launching or facilitating, whether intentionally or unintentionally, a denial-of-service attack on any of XPMarket's services or any other user’s account. Use of Exploits: Utilising any exploits, undocumented features, design errors or bugs to gain unintended advantages over other users, or to bypass or modify any software provided by XPMarket. Non-compliance with Smart Contract Protocols: While the XRPL does not support smart contracts, any interactions that are meant to exploit or abuse the protocol-level features in a manner not intended by their design. Encouraging Violations of these Terms: Assisting or encouraging any third party in engaging in any activity prohibited by these Terms and Conditions. Token Abuse: Issuing or distributing tokens on the XRP Ledger that are fraudulent or intended to mislead users. This includes tokens that impersonate other well-known tokens or are used primarily for scams. Abusive Trading Practices: Engaging in practices such as front-running or tailgating, where privileged access to order information or similar insider knowledge is used to manipulate market outcomes to the detriment of other traders. Sybil Attacks: Creating multiple accounts, nodes, or identities to gain undue influence or disrupt network or service integrity. Non-Fungible Token (NFT) Misuse: Using the NFT marketplace to buy, sell, or trade NFTs that infringe on intellectual property rights, or that involve the use of stolen or unauthorized digital assets. Unfair Promotion or Defamation: Using XPMarket’s platforms to unfairly promote certain projects, tokens, or services over others through deceptive practices, or engaging in defamation against competitors or other users to manipulate market sentiment. Tax Evasion: Using the platform to hide assets or transactions as part of a strategy to evade taxes in your jurisdiction, or assisting others in such activities. Violations of Export Control: Using the platform to trade or facilitate transactions in violation of export controls, sanctions, and other regulatory restrictions. Misuse of APIs: Abusing or excessively calling XPMarket’s APIs in a manner that disrupts services or disproportionately burdens the platform’s infrastructure. On-platform Harassment: Engaging in harassment, bullying, or any form of abuse towards other users on the platform. This includes publishing or sharing personally identifiable information of others without consent. Manipulation of Reviews or Feedback Systems: Manipulating customer reviews, feedback, or ratings to mislead other users about the quality or nature of a particular token, project, or service. Use of Derivative Technologies: Creating or deploying derivative technologies such as forks or clones of XPMarket’s proprietary technology or interface in violation of intellectual property rights or without explicit authorization. By agreeing to these terms, you acknowledge that engaging in prohibited activities may lead to suspension or termination of your access to XPMarket, legal action against you, or both. This commitment to legal compliance and avoidance of prohibited activities is designed to protect the integrity of the platform, ensure the security of all users, and maintain compliance with all relevant regulations.

3.4.3 Responsible Use

The integrity and effectiveness of XPMarket depend heavily on how users engage with its services. This section outlines the responsibilities that each user is expected to uphold to maintain the security, functionality, and community ethos of the platform.

3.4.4 Security Practices

Wallet Security: You are solely responsible for maintaining the security of your private keys and any other credentials related to your wallet. Loss or unauthorised access to your keys can lead to irreversible losses. Data Protection: Exercise caution in sharing personal information. Be vigilant against phishing attempts and ensure that your device and internet connection are secure when interacting with the platform. Phishing and Scams: Be aware of phishing attempts and scams. Do not click on unsolicited or suspicious links, and always verify the authenticity of communications from XPMarket. Use official channels to confirm messages or actions requested by third parties claiming association with the platform.

3.4.5 Ethical Trading and Financial Practices

  • Market Integrity: Refrain from any practices that could manipulate or distort the market, such as spreading false information or engaging in insider trading.
  • Compliance with Financial Regulations: Adhere to all relevant financial regulations in your jurisdiction, including those related to taxation and reporting.
  • Transparency in Transactions: Maintain transparency in your trades and financial dealings on XPMarket. Accurately report relevant financial information to promote transparency and fairness in the marketplace.

3.4.6 Interactions with Others

Respectful Communication: Engage with other users respectfully. Do not partake in harassment, abuse, or any communication that could be deemed offensive or threatening. Community Engagement: Contribute positively to community discussions and support constructive dialogue that enhances user experience and platform development. Feedback and Reporting: Utilise the provided channels to responsibly report any suspicious activity, security vulnerabilities, or operational issues observed. Feedback is vital for the ongoing improvement and security of XPMarket.

3.4.7 Platform Usage

Resource Consumption: Use platform resources judiciously. Refrain from actions that overload the system or degrade services, such as excessive requests or transactions that amount to spam. API Use: Follow all guidelines regarding API usage to prevent disruptions. API calls should be made judiciously and respect rate limits to ensure stable service for all users.

3.4.8 Intellectual Property and Content

Respecting Copyrights and Trademarks: Ensure that all content uploaded, shared, or used in any form on the platform does not infringe on the intellectual property rights of others.

Proper Attribution: When using or sharing content created by others, always provide proper attribution as required by the content's licenses or as ethically appropriate.

3.4.9 Promotion and Advertising

Honest Marketing: All promotional materials and advertisements should reflect the true nature of the products or services offered. Avoid exaggerations or misleading statements, particularly regarding the potential returns or benefits of an investment or product.

Endorsements: Clearly label content that is sponsored or endorsed by XPMarket. Maintain a distinct separation between user-generated content and official endorsements to prevent conflicts of interest and ensure that users can make informed decisions.

Responsible Content Sharing: When promoting or sharing content related to XPMarket, ensure it does not infringe on copyright laws, respects privacy, and adheres to the ethical standards of advertising. This includes avoiding the use of sensationalist, offensive, or controversial marketing techniques that could harm the reputation of XPMarket or its users.

By agreeing to these guidelines for responsible use, users help create and maintain a safe, reliable, and user-friendly environment on XPMarket. This fosters a community and marketplace that not only respects individual rights but also promotes a healthy ecosystem for all participants.

4 Description of Services

4.1 Data Analytics and Modelling

XPMarket's Data Analytics services utilize the robust capabilities of the XRP Ledger to collect and analyse an extensive array of data points across the blockchain ecosystem. These services are meticulously designed to provide real-time insights into cryptocurrency operations. Employing advanced analytical tools and algorithms, XPMarket offers a comprehensive analysis of blockchain activities, including transaction volumes, wallet activities, and other ledger and off-ledger operations.

The platform's analytics capabilities extend to various data types, such as historical pricing, trading volumes, liquidity metrics, and token circulation statistics. This diverse data acquisition approach ensures that XPMarket can provide nuanced insights tailored to the needs of different user segments—from individual investors and traders to institutional analysts and market strategists.

The purpose of XPMarket's Data Analytics services is to empower users with the knowledge and tools necessary to effectively navigate the complex landscape of cryptocurrency markets. By providing detailed and actionable insights, these services assist users in understanding underlying market trends, evaluating asset performance, and identifying potential opportunities and risks.

For traders and investors, the analytics tools offer a strategic advantage by enabling them to make data-driven decisions. This is particularly valuable in a market known for its volatility and rapid changes, where timely information can significantly influence investment outcomes. For example, users can leverage trend analyses to anticipate market movements or use liquidity assessments to plan entry and exit points for their trades.

Furthermore, in addition to aiding investment decisions, XPMarket’s Data Analytics also supports risk management by offering proactive warnings and historical data trends. Users can assess the performance stability of various assets over time, gauge market sentiment, and analyse the impact of external factors on asset valuations. This holistic approach to data helps users not only capitalize on profitable opportunities but also shield their investments from potential downturns or losses.

4.1.1 Core Components of Data Analytics and Modelling

Token Analytics: XPMarket's Token Analytics furnishes detailed insights into key metrics of cryptocurrencies on the XRP Ledger, delivering both real-time and historical data on trading volumes, price trends, and market capitalizations. These metrics are essential for assessing the current status and potential shifts in various tokens, facilitating informed decisions for traders and investors. Utilizing this data enables users to comprehend market trends, assisting in the timing of transactions based on analytical observation rather than speculative timing. Moreover, the service provides insights into the relative valuation of tokens, supporting effective portfolio management through strategic asset allocation based on robust data. Token Analytics is a critical tool for those seeking to enhance their understanding of market dynamics and to refine their investment approach in the cryptocurrency market.

NFT Analytics: XPMarket's NFT Analytics provides comprehensive insights into key aspects of non-fungible tokens on the XRP Ledger, offering both real-time and historical data on sales history, rarity, and ownership details. These analytics are crucial for evaluating the current status and assessing the potential interest in various NFTs, aiding collectors and traders in making well-informed decisions. By employing this data, users gain a deeper understanding of market dynamics, which assists in strategically planning purchases or sales based on observed market trends rather than speculative predictions. Additionally, the analytics facilitate transparency in NFT transactions, enabling users to verify authenticity and provenance, which are vital for trust in high-value acquisitions. NFT Analytics is an invaluable resource for those looking to deepen their engagement with the NFT market and to make decisions grounded in comprehensive data analysis.

AMM and Liquidity Pool Analytics: XPMarket's AMM and Liquidity Pool Analytics offer detailed insights into the mechanics of Automated Market Makers and liquidity pools on the XRP Ledger. This service provides essential data concerning liquidity depth, fee structures, and transaction history. Such metrics are indispensable for evaluating the operational effectiveness and stability of various liquidity pools, enabling liquidity providers to make informed decisions based on current market conditions. Utilizing this analytical data helps providers understand the liquidity environment, allowing them to strategically allocate resources to pools with optimal balance between risk and potential returns. Furthermore, the analytics on fee structures aid in assessing the potential earnings from transaction fees, which can vary significantly across different pools depending on trading volumes and pool rules. AMM and Liquidity Pool Analytics are crucial for anyone involved in providing liquidity, offering the insights needed to navigate market complexities and optimise their investment strategies in decentralised finance environments.

Decentralised Application (dApp) Analytics: XPMarket's dApp Analytics offers comprehensive insights into decentralized applications (dApps) operating on the XRP Ledger by capturing and analysing essential data, including user activity and transaction volumes. This service is instrumental for developers and users alike, as it provides crucial metrics that assess the engagement and operational efficiency of dApps. Developers can use these insights to identify trends and patterns in user behaviour, which can inform enhancements and optimizations to improve functionality and user interface. Meanwhile, users benefit from understanding the reliability and popularity of various dApps, aiding them in choosing which dApps to engage with based on performance metrics. By leveraging dApp Analytics, developers are empowered to fine-tune their applications to better meet user needs, potentially increasing user retention and satisfaction, while users enjoy a more streamlined and efficient experience. This makes XPMarket's dApp Analytics an invaluable tool for enhancing the ecosystem of decentralized applications on the XRPL, providing a data-driven foundation for continuous improvement and user-centred design.

4.2 User Interfaces

XPMarket is committed to providing a highly functional and user-friendly interface that serves as a gateway to the core features of the XRP Ledger, a decentralised blockchain platform. The design philosophy behind XPMarket's user interfaces centres on user-centric principles, emphasising ease of use, continuity, accessibility, and comprehensive functionality. Our interfaces are meticulously crafted to ensure that all users, regardless of their technical background, can navigate and utilise the platform effectively.

The interfaces are intuitively designed to facilitate seamless interactions with the XRP Ledger's decentralised features. This approach not only enhances user experience but also empowers users by providing direct access to ledger operations without any intermediary control. XPMarket acts solely as a facilitator, offering tools and views that allow users to manage their transactions, investments, and interactions with the blockchain directly.

Continuity and accessibility are key to our interface design. The platform ensures that users have a consistent experience across different devices and operating systems, crucial for those who manage their digital assets on multiple platforms. Accessibility is also a cornerstone of our design, where clear visual contrast and easy navigation options are integral to our design, ensuring that XPMarket is accessible to as broad an audience as possible.

Importantly, XPMarket’s user interfaces provide transparency and real-time data directly from the XRP Ledger, without the ability to alter or control any user activities. This transparency is vital in a decentralised environment, where users expect not only performance but also trust and integrity in their transactions. By emphasising straightforward, efficient, and direct interaction with the blockchain, XPMarket supports user empowerment and autonomy, key tenets of the decentralised finance (DeFi) movement.

4.2.1 Decentralised Exchange (DEX) User Interface

XPMarket offers a dynamic and intuitive user interface for interacting with the Decentralised Exchange (DEX) features of the XRP Ledger (XRPL). This interface facilitates seamless trading operations, allowing users to engage directly with the market without the intermediation of traditional financial institutions. Our platform enhances user experience by integrating advanced functionalities that cater to both novice traders and experienced market participants.

4.2.2 Key Features of the DEX User Interface

Trading Operations: Users can execute various trading operations, including buying, selling, and exchanging cryptocurrencies. The interface supports multiple order types (e.g., market orders, limit orders) to accommodate different trading strategies. This flexibility ensures that users can react promptly to market changes and manage their trading activities effectively.

Real-Time Market Data: The DEX interface provides real-time data on currency prices, trading volumes, and market trends. This information is crucial for users to make informed decisions. The interface displays this data in an easily digestible format, incorporating charts, graphs, and numeric indicators that enhance the analytical capabilities of users.

Security and Privacy: Security is paramount in all our interface interactions. The DEX operates on a decentralised network, inherently reducing risks associated with centralised exchanges, such as single points of failure and attacks on exchange-held assets. Furthermore, users maintain full control over their private keys, ensuring exclusive access to their cryptocurrency holdings.

Liquidity and Slippage Control: XPMarket's DEX interface integrates features to manage liquidity and slippage effectively. Users can view liquidity levels in real-time and choose trading times and strategies that minimise slippage, optimising their transaction outcomes.

User-Centric Design: The DEX interface prioritises user experience, focusing on usability and accessibility. The layout is clean and organised, facilitating easy navigation and quick access to all necessary trading tools. Customisation options allow users to tailor the interface to their preferences.

Integration with Wallet Services: The DEX interface seamlessly integrates with popular wallet services for a streamlined trading experience. This integration allows efficient asset management across different platforms, ensuring users can manage their portfolios effectively without switching between multiple applications.

4.2.3 Security and Decentralisation

The decentralised nature of the XRPL and the use of non-custodial wallets mean users retain full control over their funds, mitigating risks associated with centralised platforms. XPMarket serves as a UI and has no control over modifications to core ledger features or any other key feature alterations.

4.2.4 Compliance and Regulation

While the DEX interface facilitates decentralised trading and the company has neither the control over any operations executed via the blockchain, nor the technical ability to enforce certain restrictions, XPMarket adheres to all applicable regulatory requirements to ensure a secure and compliant trading environment.

4.2.5 Automated Market Makers (AMM) and Liquidity Pools

XPMarket provides a sophisticated interface that integrates with the Automated Market Maker (AMM) functionalities and liquidity pools of the XRP Ledger (XRPL). This integration offers users the ability to actively participate in liquidity provision and trading, key components of the DeFi ecosystem. The platform is designed to facilitate seamless transactions and optimise user experience through innovative technologies such as auto pathfinding and auto-bridging, inherent to the XRPL.

4.2.6 Key Features of XPMarket’s AMM and Liquidity Pools Interface

Participation in Liquidity Provision: Users can contribute to liquidity pools, becoming liquidity providers (LPs) on the platform. This involves depositing pairs of tokens into a pool to facilitate trading on the platform and earning transaction fees as rewards. XPMarket’s interface simplifies the process of joining and exiting these pools, providing clear, user-friendly mechanisms for involvement.

Advanced Swap Functionalities: Through the AMM interface, users can perform token swaps using an automated system that finds the best trading paths and rates. The auto pathfinding feature navigates through multiple liquidity pools to ensure users receive optimal pricing for their trades without the need for manual intervention. This feature is native to the XRPL protocol, hence neither user, no XPMarket have a control over the direction at the current moment.

Auto-Bridging and Auto-Path Finding Technologies: XPMarket utilises auto-bridging and auto-path finding technologies to enhance the efficiency of token swaps. These technologies automatically find the most efficient routes across different pairs and pools, reducing transaction costs and time for users. Such features are native to the XRPL protocol, hence neither user, nor XPMarket have a control over the route of the transaction at the current moment.

Real-Time Data and Analytics: The interface provides real-time data on liquidity pool performance, including current rates, pool size, and composition. This transparency helps users make informed decisions about where to allocate their resources for maximum benefit. These technical elements are also available via orderbook DEX when executing specific order types.

Risk Management Tools: Recognising the risks associated with AMM and liquidity provision, XPMarket includes features to help users manage their risk. Tools such as slippage control settings to protect users from market volatility and adverse price movements. Also, XPMarket displays pool’s health, informing on potential unfavourable trading conditions and/or arbitrage opportunities.

4.2.6.1 Security and Decentralisation

The decentralised nature of the XRPL and the use of non-custodial wallets mean that users always retain full control over their funds, mitigating risks associated with centralised platforms. XPMarket serves as a UI and has no control over modifications of core ledger features or any other key feature alterations.

4.2.6.2 Compliance and Regulation

While the AMM interface facilitates decentralised trading, and the company has neither the control over any operations executed via the blockchain, not technical abilities to enforce certain restrictions, XPMarket adheres to all applicable regulatory requirements to ensure a secure and compliant trading environment.

4.3 NFT Marketplace

XPMarket presents a sophisticated NFT Marketplace integrated within the XRP Ledger, enabling users to buy, sell, or trade non-fungible tokens (NFTs) directly on the platform. This marketplace is tailored to facilitate seamless transactions while enhancing the user experience through the adoption of decentralised blockchain technology.

4.3.1 Key Features of XPMarket’s NFT Marketplace Interface

Buying and Selling NFTs: Users can engage in purchasing and selling NFTs through an intuitive, user-friendly interface. The platform supports fixed-price listings where sellers can set specific prices for their NFTs, allowing buyers to acquire them instantaneously at these predetermined rates.

Auction Functionality: Additionally, the marketplace provides an auction feature that enables users to list their NFTs for sale through a bidding process. This mechanism allows sellers the potential to receive higher values driven by market demand, while buyers have opportunities to secure unique items competitively.

Direct Trading: Users are facilitated to trade NFTs directly with one another on the platform, promoting asset exchange without the necessity for fiat currency mediation. This capability significantly enhances the liquidity and dynamism of the NFT market.

Integrated Wallet Services: The NFT Marketplace seamlessly integrates with reputable wallet services, ensuring users can efficiently manage their NFT holdings and transactions within a unified interface. This consolidation aids users in securely maintaining their portfolios without the need to navigate multiple platforms.

User-Centric Design: The interface design is acutely focused on user experience, prioritising usability and accessibility. The layout is streamlined and orderly, simplifying navigation and ensuring expedient access to all essential trading tools. Customisation options are available, allowing users to personalise the interface according to their individual preferences.

NFT Auction: XPMarket's NFT Marketplace enables users to participate in auctions where they can bid on unique NFTs. Each bid placed in an auction is considered legally binding, committing the bidder to purchase the NFT at their bid price if they win. To safeguard the integrity of the auction process and prevent market manipulation, XPMarket reserves the right to implement a "time bomb" mechanism. This mechanism allows for the early termination of an auction if suspicious activities are detected, ensuring the auction concludes with the execution of the highest legitimate bid at that time. This measure is designed to maintain fair trading practices and protect the interests of all participants.

4.3.1.1 Security and Decentralisation

Given the decentralised nature of the XRPL and the utilisation of non-custodial wallets, users maintain full control over their NFTs, substantially mitigating risks associated with centralised platforms. XPMarket functions strictly as a user interface layer, providing access to the underlying blockchain features without any capacity to alter or directly control user transactions.

4.3.1.2 Compliance and Regulation

Although the NFT Marketplace promotes decentralised trading, XPMarket strictly adheres to all relevant regulatory requirements to assure a secure and compliant trading environment. Compliance measures are diligently implemented to combat fraud, verify the authenticity of NFTs, and protect user data, thereby aligning with international standards for digital asset trading.

4.3.2 Portfolio Management Tools

XPMarket offers a suite of advanced Portfolio Management Tools designed to enhance users' ability to effectively track and manage their investments on the XRP Ledger. These tools integrate sophisticated features such as visual analytics, performance metrics, order management, and risk assessment, all tailored to provide a comprehensive view of users' holdings.

4.3.3 Key Features of XPMarket’s Portfolio Management Tools

Visual Analytics: The platform provides dynamic visual analytics, offering real-time updates and historical trends of investments. This enables intuitive understanding of portfolio performance across various time frames and asset classes, aiding users in making informed decisions based on clear, visual representations of their holdings.

Performance Metrics: Users can access detailed performance metrics, including return on investment (ROI), asset value changes, and comparative benchmarks against market indices. These metrics are crucial for evaluating the effectiveness of investment strategies and identifying areas for potential improvement.

Order Management: An integrated order management system allows users to organize and track their buying and selling activities. This system streamlines the transaction process by enabling users to set order types, manage transaction queues, and execute trades directly from the interface, simplifying the management of complex portfolios

Performance Tracking: Users can monitor their portfolio performance continuously through automated tools that track changes and trends in the market. This feature provides timely alerts on price fluctuations, allowing for prompt responses and adjustments to investment strategies based on real-time market conditions.

Risk Assessment: Integrated risk assessment features enable users to identify and analyse potential risks associated with their investment choices. These tools guide users in crafting investment strategies that align with their individual risk tolerance and financial goals.

4.4 Launchpad IDO Platform

XPMarket's Launchpad IDO (Initial DEX Offering) Platform facilitates the launch of tokens via crowdfunding on a decentralised exchange. This platform is meticulously designed to support emerging projects in accessing capital through a community-driven approach, while scrupulously adhering to regulatory frameworks that ensure the activities do not constitute the issuance of securities.

The principal function of XPMarket's Launchpad IDO Platform is to empower new projects to secure funding directly from a broad spectrum of investors, bypassing traditional financial intermediaries. This approach is rooted in the principles of decentralised finance, eliminating centralised control and lowering barriers to entry for project backers, thereby democratising the funding process.

4.4.1 Process

Participation in IDOs on XPMarket is designed to be accessible yet secure, with a strong emphasis on compliance and user autonomy:

Token Submission and Review: Projects wishing to launch their tokens via the IDO platform undergo a thorough review process. XPMarket evaluates projects based on their technical merits, compliance with applicable legal standards, and the robustness of their business model. This preliminary screening helps ensure that only viable and compliant projects make it to the funding stage.

Investor Participation: Investors interested in participating in IDOs can do so directly through the platform. All transactions are executed on the decentralized exchange, where participants exchange their funds for new tokens. The decentralised nature of the transaction means that at no point does XPMarket hold or control user funds. Participants maintain complete custody of their assets until they decide to trade.

Decentralised Nature of IDOs: The IDOs are structured to ensure complete decentralisation in terms of token distribution. XPMarket provides the platform and the tools necessary for the transactions but does not influence the outcome of the transactions, moreover these transactions can be placed and executed via any other UI build on the ledger. This structure ensures that the platform remains compliant with regulations by not offering guarantees or managing user assets.

Security and Compliance: Security is a paramount concern, especially during token launches. XPMarket employs state-of-the-art security measures. Compliance with legal standards is maintained through ongoing monitoring and adaptation to regulatory changes, ensuring that each IDO conforms to the latest legal requirements.

4.4.1.1 Decentralisation and User Autonomy

Importantly, XPMarket neither controls nor executes any blockchain transactions, nor does it hold custody of user funds. All transactional operations are executed within the confines of the XRPL's protocols, with XPMarket functioning purely as an interface. This arrangement ensures that users maintain absolute control over their digital assets and decision-making processes.

4.4.1.2 Global Outreach and Accessibility

Whilst headquartered in Panama, XPMarket is designed to serve an international audience, offering services that transcend geographical boundaries. The platform is committed to inclusivity, empowering users from diverse backgrounds to participate actively in the expanding crypto economy.

5 User Account Management

5.1.1 Account Creation and Verification

XPMarket simplifies account creation and verification by integrating directly with self-custody wallets, avoiding traditional registration methods. Users connect their blockchain wallets from supported providers to authenticate and establish their wallet address as a unique identifier on the platform. This process utilises blockchain technology for secure, decentralised verification without traditional ID documents. Operating non-custodially, XPMarket does not access or store users' private keys or passwords, ensuring security and user autonomy. This method enhances security, protects user privacy by limiting personal data collection, and allows immediate access to platform services upon wallet connection.

5.1.2 Account Responsibilities

Upon connecting their self-custody wallets to XPMarket, users accept full responsibility for managing and securing their accounts. This includes ensuring all transactions are legal, accurate, and comply with XPMarket's terms and conditions. Illicit or fraudulent activities may result in disconnection and legal consequences. Users must also keep their wallet credentials confidential, using strong, unique passwords, enabling two-factor authentication, and regularly updating security settings. In the case of a security breach or unauthorized account use, users must promptly notify XPMarket, though the platform is not liable for losses caused by compromised credentials or security negligence. By upholding these responsibilities, users help maintain a secure, compliant trading environment on XPMarket, protecting all participants' interests.

5.1.3 Security Measures

As XPMarket operates on a non-custodial model, the platform does not hold or manage users’ private keys, funds, or cryptocurrencies at any time. Users must implement their own security measures to protect their wallet credentials, including the use of secure passwords, two-factor authentication, and other relevant security practices recommended for digital wallet management. XPMarket strongly advises users to regularly review and enhance their security settings to protect against unauthorised access and potential security threats.

5.1.4 Account Suspension and Termination

Given the decentralized and non-custodial nature of XPMarket, the platform does not have the authority to suspend or terminate user wallets directly. However, XPMarket reserves the right to restrict access to its services from wallets engaged in activities that violate its Terms and Conditions, including, but not limited to, fraudulent activities, market manipulation, or any actions that compromise the integrity of the platform. In the event of such violations, XPMarket will prohibit the use of the implicated wallet to access the platform, denying further access to its services.

6 User Obligations

6.1.1 Legal Compliance

6.1.1.1 Adherence to Laws and Regulations

Users are obligated to comply with all applicable international, national, and local laws, regulations, and ordinances governing their use of XPMarket's services. This includes, but is not limited to, laws related to financial transactions, anti-money laundering (AML), counter-terrorism financing (CTF), sanctions, data protection, and consumer protection.

6.1.1.2 Jurisdictional Restrictions

Users are responsible for ensuring their eligibility to use the Platform and for complying with any restrictions or prohibitions imposed by their jurisdiction on the use of cryptocurrencies or decentralised finance (DeFi) platforms. XPMarket 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, current, and complete information during the sign in process and in all subsequent interactions with XPMarket. This includes, but is not limited to, personal details (where applicable), wallet addresses, and transaction information. Any misrepresentation or falsification of information may lead to account suspension, termination, or other legal action.

6.1.3 Prohibited Activities

Users must refrain from any activities that could harm the platform, other users, or contravene the terms of service. This includes engaging in fraudulent activities or transactions, participating in money laundering or financing terrorism, attempting unauthorized access to other users' accounts or data, manipulating market prices through tactics such as wash trading, and conducting any illegal activities such as trading prohibited substances or stolen goods.

XPMarket reserves the right to take appropriate actions against any user found to be involved in such prohibited activities. Actions may include suspending access to the platform, terminating the user’s account, and if necessary, reporting the activities 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 report any suspicious activity or suspected violations of these Terms and Conditions to XPMarket through the designated channels. By reporting such activities, users contribute to maintaining a safe and secure environment for all participants on the platform.

7 Risks and Liabilities

You acknowledge and accept that interacting with cryptocurrencies, fungible tokens, non-fungible tokens (NFTs), and blockchain technology on XPMarket involves various inherent risks. By engaging with our platform, you agree to undertake these risks knowingly and willingly in your financial and transactional activities.

7.1 Market Volatility and Asset Valuation

You acknowledge that the valuation of cryptocurrencies, fungible tokens, and non-fungible tokens (NFTs) accessible through XPMarket, which serves solely as a user interface to the XRP Ledger, is inherently subjective and prone to significant volatility. Economic factors, market demand, technological advancements, and changes in regulatory frameworks can all induce rapid and substantial fluctuations in asset prices. Such volatility can materially and adversely affect the value and liquidity of your digital assets.

While XPMarket facilitates access to market data and transaction capabilities, it does not directly list or control these assets. As a result, XPMarket does not guarantee the performance or continued value of any digital assets and disclaims any liability for losses incurred due to market volatility.

Furthermore, you understand that market dynamics and speculative trading can amplify price movements, increasing the potential for substantial financial losses. Given the platform's role as an interface only, it is crucial that you consider your financial circumstances and risk tolerance before engaging in transactions. You are advised to undertake thorough research and, where necessary, consult with financial experts to inform your investment decisions on XPMarket.

7.2 Technological and Operational Risks

You recognise that engaging with XPMarket, which functions solely as a user interface to the XRP Ledger, involves inherent technological and operational risks. The platform's reliance on blockchain technology means that any systemic failures, software bugs, or disruptions in the underlying ledger could adversely affect your ability to access or transact digital assets.

Given that XPMarket does not host or directly control the assets, its functionality is dependent on the performance and stability of the XRP Ledger. You accept that issues such as network slowdowns, unexpected maintenance, or failures within the ledger infrastructure can limit your access to the platform and your assets, potentially leading to delays or losses.

Additionally, the decentralized nature of blockchain systems, while offering advantages in security and transparency, also poses risks related to the finality of transactions and potential vulnerabilities in smart contracts. Transactions conducted via the XRP Ledger are irreversible once executed, meaning errors or unintended transactions cannot typically be rectified. Smart contracts, which govern various aspects of decentralized applications, may contain bugs or vulnerabilities that could be exploited, leading to financial losses.

Moreover, the evolving landscape of blockchain technology implies that new vulnerabilities may emerge, and regulatory changes could impact operational practices. You are therefore advised to remain vigilant, regularly updating your knowledge of the platform's operational environment and adjusting your usage strategies accordingly.

By using XPMarket, you acknowledge these technological and operational risks and agree to bear full responsibility for any consequences that arise from such risks during your interactions with the platform.

7.3 Limitation of Liability

7.3.1 Disclaimer of Liability

XPMarket operates solely as a user interface to the XRP Ledger and does not list, control, or manage the underlying digital assets. Consequently, XPMarket expressly disclaims all liability for any loss or damage that may arise from:

Platform Use: Your use of the Platform, including but not limited to any errors, inaccuracies, or omissions in the information provided on the Platform.

Blockchain Infrastructure: Errors, omissions, or disruptions in the underlying XRP Ledger infrastructure, including network congestion, forks, or any other technical issues.

Third-Party Services: Any third-party services integrated with XPMarket, including but not limited to wallets, oracles, or other DeFi protocols.

Transactions: Any transactions executed on the XRP Ledger, whether through the XPMarket interface or otherwise, including but not limited to errors in transaction execution, smart contracts or smart contract-like element vulnerabilities, or unauthorised access to your wallet.

Market Volatility: Fluctuations in the value of cryptocurrencies, fungible tokens, or non-fungible tokens (NFTs) traded on the XRP Ledger.

Force Majeure Events: Events beyond XPMarket's reasonable control, such as natural disasters, wars, or government actions

7.3.2 No Liability for Indirect or Consequential Damages

In no event shall XPMarket be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, goodwill, or other intangible losses, arising out of or in connection with your use of the Platform or these Terms and Conditions.

7.4 Indemnification

As a user of XPMarket, you agree to indemnify, defend, and hold harmless XPMarket, its affiliates, officers, directors, employees, agents, licensors, and service providers from any claims, liabilities, expenses, or damages, including legal fees and costs, arising out of or related to your use of the platform, your breach of these terms and conditions, or your violation of the rights of any third party, including but not limited to, infringement of intellectual property rights, privacy rights, or negligent or wrongful conduct.

This indemnification obligation will cover all forms of legal actions, demands, or assertions that result from your activities on the platform, regardless of whether such actions arise during or after your use of XPMarket. You also agree to cooperate fully as reasonably required in the defence of any claim. XPMarket reserves the right to assume the exclusive defence and control of any matter otherwise subject to indemnification by you, in which event you will still be responsible for indemnifying and holding XPMarket harmless and for reimbursing XPMarket for reasonable legal fees and expenses connected to such claims.

7.5 Third-Party Dependencies

XPMarket utilises various third-party services to enhance the functionality and user experience of the platform. These services may include, but are not limited to, payment processors, data analytics providers, and wallet integration providers. While XPMarket strives to select reputable and reliable third-party service providers, we do not control and are not responsible for their actions or omissions.

You acknowledge and agree that XPMarket shall not be liable for any loss or damage arising from your use of or reliance on any third-party services. You are solely responsible for reviewing and understanding the terms and conditions of any third-party services you use in connection with the Platform.

7.6 Legal and Tax Responsibilities

As a user of XPMarket, which operates solely as a user interface to the XRP Ledger and does not list assets, you are responsible for ensuring all transactions comply with relevant laws and tax obligations in your jurisdiction. This includes accurately declaring and remitting all applicable taxes related to transactions involving cryptocurrencies and tokens accessed through XPMarket. Since XPMarket does not provide tax advice or perform tax calculations, consulting a qualified tax professional is recommended to ensure compliance.

Additionally, you must stay informed and adapt to evolving regulatory changes affecting blockchain technology and digital assets, as failure to comply can result in legal penalties. By using XPMarket, you acknowledge your responsibility for lawful platform use, adherence to all tax regulations, and agree to indemnify XPMarket against any legal claims or disputes stemming from non-compliance.

8 Intellectual Property Rights

8.1 Ownership of Content and Services

XPMarket asserts full ownership over the content, technology, and services provided on its platform, except where explicitly stated otherwise. This includes, but is not limited to, software, user interface designs, text, images, logos, and other materials published on XPMarket. All such content is protected by copyright, trademarks, patents, and other intellectual property laws worldwide.

As a user of XPMarket, you acknowledge that any unauthorised use of such materials without prior written permission from XPMarket constitutes a breach of our intellectual property rights and may result in legal action.

8.2 Restrictions on Use

Users of XPMarket are granted a limited, non-exclusive, non-transferable license to access and use the platform and its content solely for legitimate purposes as outlined in these Terms and Conditions. This license is subject to the following restrictions:

  • Users may not modify, copy, reproduce, republish, upload, post, transmit, translate, sell, create derivative works, exploit, or distribute in any way or by any means any part of the Platform or its content without express written permission from XPMarket.
  • Users are prohibited from using any data mining, robots, or similar data gathering or extraction tools on the Platform's content.
  • Users may not frame any portion of XPMarket's content within another website or service.

XPMarket reserves the right to terminate a user's access to the Platform if these restrictions are violated.

8.3 Third-Party Content

XPMarket may include or provide links to content owned or operated by third parties, including articles, data feeds, and abstracts. XPMarket does not control, endorse, or assume any responsibility for such third-party content, and makes no guarantees about the accuracy, copyright compliance, legality, or decency of the material contained therein.

Users are encouraged to be aware when they leave XPMarket and to read the terms and conditions and privacy policies of any third-party websites or services they access.

9 Privacy and Data Protection

9.1 Data Collection and Use

XPMarket, as a Web3 platform, is committed to safeguarding the privacy of its users. We do not collect personally identifiable information (PII) via traditional registration methods. Access to our services is granted through self-custody wallets, obviating the need for users to submit personal identification details.

The data collected is limited to that which is essential for the operation of the platform and the provision of services. This may include:

  • Public Blockchain Information: This includes data that is inherently public on the XRP Ledger, such as wallet addresses, transaction hashes, and interaction data with platform features, utilised solely for facilitating and validating transactions and enhancing service functionality.
  • Technical Information: We may collect technical information about your device, including your IP address, operating system, browser type, and device identifiers. This information is used for troubleshooting, analytics, and to ensure the security and functionality of the platform.

XPMarket adheres to a strict policy of data minimisation and only collects data that is necessary for the legitimate purposes outlined in this section.

9.2 Data Minimisation and Purpose Limitation

XPMarket adheres strictly to the principle of data minimisation, ensuring that the collection of personal data is limited to what is directly relevant and necessary to accomplish specified purposes. This principle is integral to our data governance strategy, which aims to enhance privacy and increase the efficiency of our data management.

9.2.1 Data Minimisation

We collect and process only the personal data that is adequate, relevant, and necessary for the following purposes:

  • Providing and improving our services: This includes facilitating transactions on the XRP Ledger, enhancing user experience, and developing new features. This may include wallet addresses, transaction hashes, and interaction data with the Platform's features.
  • Communication: With your consent, we may use your contact information (e.g., email address, social media channels) to provide service-related notifications, updates, and marketing communications.
  • Legal Compliance: In certain cases, we may process your data to fulfil legal obligations, such as anti-money laundering (AML) and know-your-customer (KYC) regulations, if and when applicable.
  • To ensure data minimisation, we:
  • Limit the collection of personal data to what is strictly necessary for the stated purposes.
  • Implement robust technical and organisational measures to restrict access to personal data, ensuring that only authorised personnel can access it on a need-to-know basis.
  • Regularly reviewing our data collection practices to ensure they remain aligned with our stated purposes.

9.2.2 Purpose Limitation

We process personal data exclusively for the purposes specified at the time of collection or for purposes compatible with the original purposes. If we intend to process your personal data for a new purpose that is not compatible with the original purpose, we will:

  • Provide you with clear and transparent information about the new purpose.
  • Obtain your consent before commencing any such processing, where required by law.

9.3 Security of Personal Information

XPMarket operates solely as a user interface to the XRP Ledger and does not store, process, or have access to users' private keys or PII. The onus of securing personal information and assets rests entirely with the users. Users are advised to:

  • Maintain the confidentiality of their private keys and never share them with anyone.
  • Employ robust security measures for storing private keys, such as hardware wallets or encrypted wallet applications.
  • Access XPMarket only through secure, private internet connections, avoiding public Wi-Fi networks.
  • Keep wallet software and related applications up-to-date with the latest security patches.
  • Enable multi-factor authentication on their wallets, if available
  • While XPMarket, as a UI provider, does not implement specific security measures beyond those inherent to the XRP Ledger, we actively promote best security practices and encourage users to be vigilant in protecting their digital assets.

9.4 Third-Party Data Sharing

Data sharing with third parties is conducted strictly where necessary for the provision of platform services, compliance with regulatory requirements, or with explicit user consent. All third-party service providers engaged by XPMarket are bound by contractual obligations to ensure an equivalent level of data protection and confidentiality, as follows:

Service Providers: We engage various service providers to perform functions and provide services to us, including hosting and maintenance, error monitoring, debugging, performance monitoring, billing, customer relationship, database storage and management, and direct marketing campaigns. We will share your data with these service providers, but only to the extent necessary to perform these functions and provide such services.

Legal Compliance: We may disclose personally identifiable information at the request of governmental authorities conducting an investigation, to verify or enforce compliance with the policies governing our Services and applicable laws, or to protect against misuse or unauthorised use of our Services.

9.5 Changes to Privacy Practices

If we make changes to our privacy practices, we will provide notice of these changes by updating the 'Last Updated' date at the top of the Privacy Policy and, in some cases, may provide additional notice (such as adding a statement to the homepage of our services or sending you a notification). We encourage you to review the Privacy Policy whenever you access the Services to stay informed about our information practices and the ways you can help protect your privacy.

10 Fees and Payments

XPMarket, as a user interface facilitating interaction with the XRP Ledger, does not directly charge fees for its basic access and usage. However, users should be aware of the following:

Network Fees: Transactions on the XRP Ledger, like any blockchain network, incur network fees. These fees are paid to the network validators for processing transactions and are not collected by XPMarket. Users are solely responsible for these network fees, which vary depending on network congestion and transaction complexity.

Additional Service Fees: XPMarket may offer additional services or features beyond basic access to the XRP Ledger. These services may be subject to fees, which will be clearly communicated to the user before any charges are incurred. The fee structure for these services will be transparently outlined, allowing users to make informed decisions about utilizing them.

Payment Methods: Payments for any XPMarket-related service fees will be facilitated through the platform using accepted cryptocurrencies or other specified payment methods. Users are responsible for ensuring their wallets have sufficient funds to cover all anticipated charges, including both network fees and any applicable XPMarket service fees.

No-Refund Policy: Due to the immutable and irreversible nature of blockchain transactions, all payments made for network fees and any XPMarket service fees are final and non-refundable. This includes situations where a user may have mistakenly sent funds or made an incorrect transaction. XPMarket strongly encourages users to carefully review all transaction details, including associated fees, before executing any transactions on the XRP Ledger through the platform.

Understanding Fee Structures: XPMarket recommends that all users thoroughly review and understand the fee structures associated with their transactions and any additional services they choose to use on the platform. This proactive approach will help users manage their costs and ensure a smooth experience on XPMarket.

By using XPMarket, you acknowledge and accept this no-refund policy and agree to be responsible for all transaction fees incurred, both on the XRP Ledger network and for any optional services provided by XPMarket.

11 Changes to Services

XPMarket reserves the right to modify the platform, including updates, enhancements, or alterations, at any time. These changes are integral to our commitment to improving user experience and integrating advanced functionalities in response to technological evolution and user feedback. Users will be informed of significant alterations that might affect their interaction with the platform via updates on our website or through direct communications.

Temporary disruptions to services may occur as a result of these updates, maintenance operations, or unforeseen technical issues. XPMarket endeavours to minimise any inconvenience during these periods by scheduling maintenance during times of low user activity and providing advance notice whenever feasible. Users are encouraged to consult our official communication channels for updates on service availability and scheduled maintenance.

In the event that a specific service is to be discontinued permanently, XPMarket will provide users with advance notification to allow for adequate preparation and adjustment. This cessation will be communicated clearly through the same channels, and guidance will be offered on transitioning away from the discontinued service to ensure minimal disruption to user activities.

XPMarket is committed to maintaining transparency with users regarding any changes to services, recognising that such changes can impact how users engage with the platform. We are dedicated to providing timely and precise information to assist users in managing changes effectively, safeguarding their assets, and continuing to use our services with confidence.

12 Termination of Use

12.1 User-Initiated Termination

Users of XPMarket have the right to discontinue using the platform at any time and for any reason. To terminate their use, users simply need to cease all activities on the platform and disconnect their self-custody wallets. Given XPMarket's nature as a user interface to the XRP Ledger, no formal deactivation process is required from our end. However, users should ensure that all pending transactions are completed or duly cancelled before discontinuation to avoid any complication.

12.2 Company-Initiated Termination

XPMarket reserves the right, at its sole discretion and without prior notice, to suspend or terminate your access to the Platform, or any part thereof, for any reason whatsoever. Such reasons may include, but are not limited to:

Breach of these Terms and Conditions: Any violation of the terms outlined herein may result in immediate termination of your access to the Platform.

Harmful or Disruptive Activities: Engaging in activities that may harm, disrupt, or impair the Platform, its functionality, or the experience of other users.

Fraudulent or Illegal Activities: Any involvement in fraudulent, deceptive, or illegal activities while using the Platform.

Non-Compliance: Failure to comply with applicable laws, regulations, or requests from relevant authorities..

12.3. Effects of Termination

Upon termination of use, whether initiated by the user or by XPMarket, all permissions and rights granted to the user under these Terms and Conditions shall immediately cease. The user will no longer have access to any services offered by the platform.

It is important to note that due to the immutable nature of blockchain transactions, any transactions in process at the time of termination will typically proceed to completion and cannot be reversed. Users are strongly advised to resolve any outstanding issues or complete necessary transactions prior to initiating termination to ensure a smooth transition and avoid potential complications.

Furthermore, XPMarket may retain certain user data as required by law or for legitimate business purposes, as outlined in our Privacy Policy. However, the user's right to access and use the platform will be irrevocably revoked.

XPMarket shall not be held liable for any loss, damage, or inconvenience arising from the termination of a user's access to the platform, regardless of whether the termination is initiated by the user or by XPMarket.

13 Dispute Resolution

13.1 Commitment to Amicable Resolution

Both parties commit to engage in all stages of the dispute resolution process in good faith. It is our intent to manage disputes in a manner that is not only fair and equitable but also respectful of all parties involved.

13.2 Informal Dispute Resolution:

In the event of any concerns or disputes arising from your use of XPMarket, you are encouraged to first contact our dedicated customer support team at [email protected]. Alternatively, communications may be directed via our official X/Twitter page at or our Telegram group. Our team is committed to expeditiously addressing and resolving any issues in a thorough and satisfactory manner.

Should initial communications not resolve the matter to your satisfaction, you are entitled to request an escalation of the dispute to a senior member of our support team. We uphold the principle that most disputes can be amicably resolved through transparent and direct communication, and we are committed to ensuring a comprehensive and equitable resolution at this stage.

13.3 Mediation:

If the dispute cannot be resolved through informal dispute resolution, both parties shall have the option to engage in mediation. This shall be facilitated online through an independent mediator, to provide a cost-effective and less formal means of reaching a mutually agreeable resolution. Mediation allows for the crafting of flexible solutions tailored to the specific needs of the parties involved. Detailed procedures for initiating mediation, along with contact information for the mediation provider, shall be made available upon request by our customer support team.

13.4 Arbitration:

If the dispute remains unresolved following mediation, either party may initiate arbitration proceedings. Arbitration shall be conducted in Panama City, Panama, in accordance with the rules of the Panama Conciliation and Arbitration Center (CECAP) or another arbitration institution as mutually agreed upon. Proceedings shall be conducted in English, and the arbitral award shall be final and binding upon both parties.

13.5 Governing Law:

These Terms and Conditions and any disputes arising from or related to your use of XPMarket are governed by and construed in accordance with the laws of the Republic of Panama, without regard to conflict of laws principles. All legal actions, litigation, or arbitration required to resolve disputes will be conducted exclusively in Panama, unless otherwise mutually agreed upon.

14 Miscellaneous

14.1 Severability

If any provision of these Terms and Conditions is found by a court or other binding authority to be invalid, illegal, or unenforceable, that provision shall be severed from these Terms and Conditions to the minimum extent necessary. The remaining provisions shall remain in full force and effect, and the invalid, illegal, or unenforceable provision shall be replaced with a valid and enforceable provision that most closely reflects the original intent of the parties.

14.2 Waiver

No waiver of any provision of these Terms and Conditions shall be deemed a further or continuing waiver of such provision or any other provision. The failure of XPMarket to assert any right or provision under these Terms and Conditions shall not constitute a waiver of such right or provision.

14.3 Entire Agreement

These Terms and Conditions, together with the Privacy Policy and any other documents incorporated by reference herein, constitute the entire agreement between you and XPMarket concerning the use of the platform. They supersede all prior or contemporaneous communications and proposals, whether electronic, oral, or written, between you and XPMarket with respect to the platform. In the event of any conflict between these Terms and Conditions and any other document, these Terms and Conditions shall prevail.

14.4 Notices

Notices to you may be made via email to [email protected] or through public postings on our official Twitter page https://x.com/xpmarket and Telegram channel https://t.me/xpmarket. XPMarket may also provide notices of changes to the Terms and Conditions or other matters by displaying notices or links to notices directly on the platform. For a notice to be effective, it must be communicated in a manner deemed reliable, including any of the aforementioned methods.

15 Contact Information

15.1 Customer Support

For any inquiries, support issues, or assistance required, XPMarket's customer support team is available and ready to help. You can reach us by sending an email to [email protected]. Our team is committed to providing timely and effective support to ensure a smooth and satisfying experience on the platform. Additionally, for more immediate assistance, you can reach us through our Twitter page at https://x.com/xpmarket or our Telegram group at https://t.me/xpmarket. We strive to address all inquiries and resolve any issues promptly.

15.2 Feedback and Suggestions

XPMarket values the feedback and suggestions from our users as they play a crucial role in shaping and enhancing the platform. If you have any feedback or suggestions on how we can improve our services, please feel free to contact us using the methods provided above. We welcome your insights and are continually looking for ways to improve our offerings to better meet the needs of our users.

Last updated: 13/05/2024