Terms of Service

Age Requirements

You must be at least 18 years old (or the age of majority in your jurisdiction) to use BIFY. Users under 18 are strictly prohibited from accessing the Platform.

Restricted Jurisdictions

You may not use BIFY if you are located in, or a resident of, any jurisdiction where cryptocurrency trading, NFTs, or digital asset transactions are prohibited, including but not limited to: Iran, North Korea, Syria, Cuba, Crimea, and any other OFAC-sanctioned countries.

Regulatory Compliance

You are solely responsible for ensuring your use of BIFY complies with all applicable laws, regulations, and tax obligations in your jurisdiction. This includes but is not limited to securities laws, anti-money laundering (AML) regulations, and know-your-customer (KYC) requirements.

Non-Custodial Platform

BIFY is a non-custodial platform. We do not store, hold, or have access to your private keys, seed phrases, or digital assets. You are solely responsible for the security of your digital wallet and all associated credentials.

Irreversible Transactions

All transactions on BIFY are processed through blockchain smart contracts and are irreversible. Once a transaction is confirmed on the blockchain, it cannot be undone. You acknowledge and accept this inherent risk.

Security Obligations

You must:

• Keep your private keys and seed phrases secure and confidential
• Use hardware wallets for high-value transactions
• Enable two-factor authentication where available
• Regularly update your wallet software
• Never share your private keys with anyone

RWA Tokenization Requirements

Real-World Assets tokenized on BIFY must meet strict compliance requirements:

• Physical assets must be legally owned and verified
• Proper legal documentation and title verification required
• Third-party appraisal and valuation certificates mandatory
• Insurance coverage must be maintained throughout tokenization
• Regulatory compliance with local asset ownership laws
• Clear redemption and liquidation procedures established

Prohibited RWA Categories

The following asset types are strictly prohibited:

• Securities without proper registration (SEC compliance required)
• Controlled substances or illegal materials
• Human organs, body parts, or biological materials
• Weapons, ammunition, or military equipment
• Assets subject to ongoing legal disputes
• Assets in sanctioned countries or jurisdictions
• Assets with unclear ownership or title issues

RWA Custody & Storage

Physical assets must be stored in licensed, insured, and audited facilities. Regular inspections and verification reports are required. Asset holders must maintain comprehensive insurance coverage and provide proof of ongoing custody arrangements.

RWA Regulatory Compliance

All RWA tokenization must comply with applicable securities laws, commodity regulations, and local asset ownership laws. Users are responsible for ensuring compliance with all relevant regulatory frameworks including but not limited to SEC regulations, CFTC rules, and international financial regulations.

AI-Generated Content Disclosure

All AI-generated content must be clearly disclosed and labeled. Users must:

• Explicitly state when content is AI-generated
• Disclose the AI tools and models used
• Provide human oversight and verification
• Ensure AI content doesn't infringe on existing copyrights
• Maintain records of AI generation process

AI Content Restrictions

AI-generated content is prohibited if it:

• Creates deepfakes or impersonates real individuals
• Generates harmful, illegal, or offensive material
• Violates intellectual property rights
• Creates misleading or deceptive content
• Generates content involving minors
• Produces content that violates platform policies

AI Model Training & Data Usage

BIFY's AI systems may process user data for model training and improvement. Users consent to this processing while maintaining rights to data privacy and protection under applicable data protection laws including GDPR and CCPA.

AI Liability & Accuracy

AI-generated content may contain errors, biases, or inaccuracies. BIFY disclaims liability for AI-generated content accuracy. Users are responsible for verifying and validating all AI-generated content before use or sale.

Ownership Requirements

You may only mint, list, or sell NFTs and RWAs that you own or have explicit legal rights to. This includes obtaining all necessary licenses, permissions, and authorizations from copyright holders, trademark owners, and other rights holders.

Prohibited Content

You may not mint, list, or sell content that:

• Infringes on intellectual property rights
• Contains illegal, harmful, or offensive material
• Violates privacy rights or contains personal information
• Promotes violence, hate speech, or discrimination
• Involves minors or non-consensual content
• Represents securities without proper registration

Platform Rights

BIFY retains all rights to the Platform, including but not limited to software, trademarks, logos, and proprietary technology. You may not copy, modify, or reverse engineer any part of the Platform.

Transaction Fees

BIFY charges platform fees on transactions as follows:

• NFT Sales: 2.5% of the sale price
• RWA Sales: 3.0% of the sale price
• Minting Fees: Variable based on network congestion
• Gas Fees: Paid directly to the blockchain network

All fees are non-refundable and subject to change with 30 days notice.

Tax Obligations

You are solely responsible for determining and paying all applicable taxes, including but not limited to income tax, capital gains tax, and sales tax. BIFY does not provide tax advice and recommends consulting with a qualified tax professional.

Strictly Prohibited Activities

You agree not to engage in any of the following activities:

• Money laundering or terrorist financing
• Market manipulation or wash trading
• Creating fake accounts or impersonation
• Distributing malware or phishing attempts
• Violating any applicable laws or regulations
• Circumventing platform security measures
• Creating or trading securities without proper registration
• Engaging in pump-and-dump schemes
• Spam or unsolicited communications
• Reverse engineering or hacking attempts

Enforcement Actions

BIFY reserves the right to take immediate action against violations, including:

• Immediate account suspension or termination
• Removal of prohibited content
• Freezing of assets pending investigation
• Reporting to law enforcement authorities
• Legal action for damages and injunctive relief

High-Risk Investment Warning

NFTs and RWAs are highly speculative investments with significant risk of total loss.Prices can be extremely volatile and may become worthless. Only invest what you can afford to lose completely.

Technology Risks

Blockchain technology involves inherent risks including:

• Smart contract bugs or vulnerabilities
• Network congestion and high gas fees
• Hard forks or protocol changes
• Regulatory changes affecting blockchain technology
• Cybersecurity threats and hacking

No Investment Advice

Nothing on the Platform constitutes investment, financial, or legal advice. All information is provided for informational purposes only. You should conduct your own research and consult with qualified professionals before making any investment decisions.

Maximum Liability Disclaimer

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BIFY SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR USE, ARISING FROM YOUR USE OF THE PLATFORM.

User Indemnification

You agree to indemnify, defend, and hold harmless BIFY and its officers, directors, employees, and agents from any claims, damages, losses, or expenses arising from your use of the Platform or violation of these Terms.

Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, United States, without regard to conflict of law principles.

Dispute Resolution

Any disputes arising from these Terms or your use of the Platform shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. You waive any right to participate in class action lawsuits or class-wide arbitration.

Termination Rights

BIFY reserves the right to terminate or suspend your access to the Platform immediately, without notice, for any reason, including violation of these Terms. Upon termination, your right to use the Platform ceases immediately.

Terms Modifications

BIFY may modify these Terms at any time. Material changes will be communicated through the Platform with 30 days notice. Continued use of the Platform after modifications constitutes acceptance of the updated Terms.

Severability

If any provision of these Terms is found to be unenforceable or invalid, the remaining provisions shall remain in full force and effect.

Entire Agreement

These Terms constitute the entire agreement between you and BIFY regarding the use of the Platform and supersede all prior agreements and understandings.

Force Majeure

BIFY shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, or government actions.