Dear User, this User Agreement is between you (also referred to herein as “user”) and Dapp Pocket Inc. (“Cappuu”, “we”, “us” and “our”). This Agreement governs your use of the services provided by Cappuu described below. By signing up to use an account through cappuu.com or through the Cappuu mobile application (collectively, the “Site”), you agree that you have read, understand, and accept all of the terms and conditions contained in this Agreement.
We may make changes to the Agreement from time to time. If we do this, we will post the changed Agreements on the Site and will indicate at the top of this page the date the was last revised. You understand and agree that your continued use of the Service or the Site after we have made any such changes constitutes your acceptance of the new Agreement.
1. Acceptance of the Terms
1.1 General
By accessing or using Cappuu(the “Service”) you acknowledge that you have read and understood the following terms of use and you agree to be bound by them and to comply with all the laws and regulations regarding your use of the Service, and you acknowledge that these Terms constitute a binding and enforceable legal contract between Dapp Pocket Inc. and you. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT USE, DOWNLOAD OR ACCESS CAPPUU. The Service is not allowed for use by individuals who are under the age of eighteen (18) years old.
1.2. Registration of Cappuu Account
You must register for a Cappuu account in order to use the Cappuu Services (“Cappuu Account”). By using a Cappuu Account, you agree and represent that you will use Cappuu only for yourself, and not on behalf of any third party unless you have obtained prior approval from Cappuu. You are fully responsible for all activity that occurs under your Cappuu Account. We may, in our sole discretion, refuse to open a Cappuu Account or limit the number of Cappuu Accounts that you may hold.
2. Services
2.1. Wallet Services
As part of your Cappuu Account, Cappuu will provide you a Digital Currency wallet for holding Digital Currencies and earning interest in the form of certain Digital Currencies that are designed to be pegged in value to the US Dollar. Users of the Digital Currency Wallet may earn interest by depositing and transferring the value to Supported Digital Currencies as collateral in lending protocols for the purpose of receiving interest. Cappuu doesn't guarantee the amount of interest rates. The interest rates may change at any time.
2.2. Non-Custodial Wallet
The Digital Currency Wallet is an unhosted and non-custodial Digital Currency wallet. You control the Digital Currencies held in your Digital Currency Wallet by controlling your private key, which should be sent and hold for only yourself via email. At any time, subject to outages, downtime, and other applicable policies, you may withdraw your Digital Currency by sending it to a different blockchain address. Users are responsible for the risk of loss of their private keys and Cappuu may not recover such keys. Cappuu holds another private key associated with your Digital Currency Wallet for only recovery purposes and we will only use it at your request.
2.3. Operation of Digital Currency Protocols
We do not own or control the underlying software protocols which govern the operation of Digital Currency supported on our platform. Generally, the underlying protocols are open source, and anyone can use, copy, modify, and distribute them. We assume no responsibility for the operation of the underlying protocols and we are not able to guarantee the functionality or security of network operations
2.4. Purchase of Digital Currency
Cappuu allows users to purchase certain Digital Currencies through a valid credit card issued by Visa or Mastercard or wire transfer. Your purchase must follow the relevant instructions on the site or app. Cappuu will not reserve, maintain, transfer, or exploit your information from anything related to your credit cards or bank information in any way. However, for the sake of confirming the fidelity of the information you provide and the credit card balance lasts in your credit card, our cooperating payment company, Circle Internet Financial Inc. (“Circle”) will have the right to check with your credit card issuer. You must not use credit cards or bank account that are not owned by yourself. Your payments must not involve fraud or illegal activities in any country. Cappuu has the right to refuse your payments or freeze your purchased USDC.
2.5. Lending Protocol
We do not own or control the underlying software protocols which govern the operation of the underlying lending protocols currently integrated with the Digital Currency Wallet to generate interest. Currently, our integrated protocols include Compound, Aave. Cappuu reserves the right to add or remove the supported lending protocols in the future. Both Compound and Aave are DeFi lending protocols that enable users to lend and borrow a diverse range of Digital Currency using variable interest rates.
2.6 Withdrawal
For the liquidity safety and avoidance of money laundering, you are only allowed to withdraw their Digital Currency after 14 days since your payment was confirmed. After this period of liquidity safety, you can withdraw your Digital Currency to another valid digital wallet address at any time. Cappuu doesn't provide you to withdraw to any fiat currencies.
3. Fees and Taxes
3.1. Fees
By using the Cappuu Services you agree to pay all applicable fees. Cappuu reserves the right to adjust its pricing and fees and any applicable waivers at any time. We will always notify you of the pricing and fees which apply to your transaction when you authorize the transaction and in each receipt, we issue to you.
3.2. Taxes
It is your sole responsibility to determine whether, and to what extent, any taxes apply to any interest received through the Cappuu Services, and to withhold, collect, report and remit the correct amount of tax to the appropriate tax authorities.
4. Risks
4.1. General
You understand and acknowledge that the blockchain technology is a field of innovation where the laws and regulations are not fully established. You may be faced with material risks including instability of technology or failure for token exchange. You also understand that tokens have much higher volatility comparing to other financial assets.
4.2. No Insurance
Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on Cappuu are not subject to Financial Supervisory Commission R.O.C. Cappuu is not a bank and does not offer fiduciary services.
4.3. Risk of Reliance on Third Parties
The Cappuu Services rely on in whole or partly, on third party software and the continued development and support of third parties. There is no assurance or guarantee that those third parties will maintain their support of their software, which might have a material adverse effect on the Cappuu Services.
5. Consent to Electronic Disclosures and Signatures
5.1. General
Because Cappuu operates only on the Internet, it is necessary for you to consent to transact business with us online and electronically. As part of doing business with us, therefore, we also need you to consent to our providing you certain disclosures electronically, either via our site or to the email address you provide to us. You agree to receive electronically all documents, communications, notices, contracts, and agreements arising from or relating to your use of the Site and Service.
5.2. Scope of Consent
Your consent to receive disclosures and transact business electronically, and our agreement to do so, applies to any transactions to which such disclosures relate, whether between you and Cappuu or a third party by and through the Service. Your consent will remain in effect for so long as you are a user and, if you are no longer a user, will continue until such a time as all disclosures relevant to the Services received through the Site.
5.3. Change in Your Contact Information
You must keep Cappuu informed of any change in their email so that you can continue to receive all agreements and disclosures in a timely fashion. If your registered email address changes, you must notify us of the change by sending an email to hello@cappuu.com or calling 886-901-017-309.
6. Intellectual Property
Cappuu is a mobile application developed and owned by Dapp Pocket Inc. and protected by international copyright, patent, and other intellectual property or proprietary rights laws. All contents, including trademarks, logos, graphics, videos, audios, articles, archives, information and this agreement, displayed in Cappuu are owned by the Dapp Pocket Inc. or the third-party licensors. No one shall use, reproduce, modify, decompile, distribute, or issue the above-mentioned application and contents without prior written consent from the Dapp Pocket Inc. or the third-party licensors.
7. Notifications of Changes
The company reserves the right to modify or replace these conditions at any time. Your continued use of the service signifies your acceptance of any adjustment to these terms. If you do not agree with the modifications, you shall cease to use Cappuu immediately. The use of Cappuu by you after any modification to this agreement constitutes your acceptance of this agreement as modified.
8. Disclaimer and Limitation of Liability
This site and its components are offered for informational purposes only; this site shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the site, and shall not be responsible or liable for any error or omissions in that information.
Due to the decentralized feature of blockchain and the safety of User’s Digital Currency, Cappuu does not have any responsibility to store or backup User’s PIN code, Private Key or Backup Phrase. Cappuu does not have any responsibility for any loss of Digital Currency caused by the flaw or hacking of the underlying infrastructures including but not limited to the blockchain, lending protocols, smart contracts. Cappuu shall not be liable for any investment loss during your use of the Service.