Terms of Use
Last updated: February 26, 2025
Introduction
These Terms of Use (“Terms”) govern your access to and use of the AlephNull platform (the “Platform”) and all associated services (the “Services”) provided by AlephNull (“we,” “our,” or “us”). By accessing or using the Platform, you agree to comply with these Terms. If you do not agree to these Terms, you must not access or use the Platform.
AlephNull is a digital asset custodial platform designed for financial institutions in Nigeria. As an early-stage prototype, these Terms outline the conditions under which you may use the Platform and its Services. The Platform is exclusively available to authorized financial institutions in Nigeria.
Eligibility
To access and use the Platform, you must:
- Be a registered financial institution in Nigeria.
- Have the legal authority to access and use the Platform and manage digital assets.
- Comply with all relevant laws, regulations, and industry standards in Nigeria.
If you do not meet these eligibility criteria, you must refrain from using the Platform.
Account Registration and Security
We use the information we collect for the following purposes:
- Account Creation: To access the Platform, you must create an account by providing accurate and up-to-date information, including the name of your institution, contact details, and regulatory credentials.
- Security: You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You agree to notify AlephNull immediately of any unauthorized access or security breach. AlephNull is not liable for any losses resulting from unauthorized use of your account.
Services Provided
AlephNull offers custodial services for digital assets, including the storage, safeguarding, and management of digital assets on behalf of financial institutions. The Platform does not provide financial advice, investment services, or facilitate trading.
Our services include:
- Secure custodial storage of digital assets.
- Monitoring and record-keeping of assets.
- : : Compliance with applicable Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations.
AlephNull reserves the right to modify or discontinue any part of the Services at its discretion.
Prohibited Activities
You agree not to use the Platform for any unlawful or fraudulent activities. Prohibited actions include, but are not limited to:
- Engaging in money laundering, fraud, or other illegal activities.
- Attempting to circumvent security measures or accessing systems without authorization.
- Using the Platform for any activities that violate Nigerian laws, including the Digital Assets Regulations.
Fees and Payments
You agree not to use the Platform for any unlawful or fraudulent activities. Prohibited actions include, but are not limited to:
- Fees: Certain Services may incur fees, which will be clearly disclosed at the time of transaction. You agree to pay all applicable fees associated with your use of the Platform.
- Payment Menthods: Fees may be paid through payment methods specified on the Platform. All payments must comply with Nigerian financial regulations.
- Refunds: Refunds, if applicable, will be issued in accordance with AlephNull’s refund policy.
User Obligations
By using the Platform, you agree to:
- Provide accurate, current, and complete information during registration and maintain its accuracy.
- Comply with applicable laws, including AML, CFT, and data protection regulations.
- Maintain the security of your account and access credentials.
- Use the Platform for legitimate, authorized business purposes only.
Intellectual Property
- Ownership: All content, features, and functionality of the Platform, including but not limited to text, graphics, logos, software, and trademarks, are owned by AlephNull or licensed to us and are protected by applicable intellectual property laws.
- Restrictions: You may not copy, reproduce, distribute, or otherwise use any content from the Platform without prior written permission from AlephNull
Termination and Suspension
AlephNull reserves the right to suspend or terminate your access to the Platform at any time, with or without notice, for violations of these Terms or for any other reason deemed necessary. Upon termination, you will lose access to your account and the Services, and any fees paid will not be refunded.
- Suspension: AlephNull may temporarily suspend your account in the event of suspected unauthorized activities or for necessary maintenance.
- Termination For Cause: AlephNull may terminate your account immediately if you violate any provisions of these Terms.
Limitation of Liability
To the fullest extent permitted by law, AlephNull is not liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with your use of the Platform or Services, including but not limited to loss of data, digital assets, or service interruptions.
AlephNull’s total liability is limited to the amount paid by you for the Services in the 12 months immediately preceding the event giving rise to the claim.
Governing Law and Dispute Resolution
These Terms are governed by and construed in accordance with the laws of Nigeria.
- Dispute Resolution: In the event of any disputes, you agree to attempt informal resolution by contacting AlephNull’s support team. If the dispute cannot be resolved informally, it will be subject to binding arbitration in Lagos, Nigeria, in accordance with applicable laws.
Changes to the Terms
AlephNull reserves the right to modify these Terms at any time. If any significant changes are made, users will be notified via email or a prominent notice on the Platform. Continued use of the Platform following such changes constitutes your acceptance of the updated Terms.
Contact Information
If you have any questions or concerns regarding these Terms, or need support, please contact us at:
- Email: [Insert Contact Email]
- Phone: [Insert Contact Phone Number]
- Address: [Insert Physical Address]
By accessing or using the AlephNull Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use.