Web3 Terms of Service

2.1 Supported Features

Waykiko offers the following Web3 features:

• Cryptocurrency Payments: Accept payments in various cryptocurrencies
• Blockchain Authentication: Web3Auth integration for secure login
• Digital Wallet Integration: MetaMask and other wallet support
• Decentralized Storage: IPFS for document storage
• Smart Contract Integration: Automated booking and payment processing
• NFT Certificates: Digital booking certificates and loyalty tokens

2.2 Supported Cryptocurrencies

We currently support the following cryptocurrencies:

• Ethereum (ETH): Primary cryptocurrency for payments
• Stablecoins: USDC, USDT, DAI for price stability
• Layer 2 Solutions: Polygon, Arbitrum for lower fees
• Other Tokens: Subject to availability and liquidity

3.1 Payment Processing

• All cryptocurrency payments are processed through secure third-party providers
• Exchange rates are determined at the time of transaction
• Payments are confirmed when blockchain transactions are verified
• We reserve the right to reject payments from certain addresses or jurisdictions
• Failed transactions may result in booking cancellation

3.2 Price Volatility

Cryptocurrency prices are highly volatile. By using crypto payments, you acknowledge:

• Prices may fluctuate significantly between booking and payment
• We are not responsible for any losses due to price changes
• Exchange rates are locked in at the time of transaction
• Refunds will be processed in the original cryptocurrency at current rates

3.3 Transaction Fees

• Network fees (gas fees) are the responsibility of the user
• Processing fees may apply and will be clearly displayed
• Fees vary based on network congestion and transaction type
• We do not control or profit from network fees

4.1 Wallet Requirements

• You must have a compatible digital wallet (MetaMask, WalletConnect, etc.)
• Your wallet must support the Ethereum network and ERC-20 tokens
• You are responsible for maintaining wallet security
• We do not store your private keys or seed phrases
• Lost or compromised wallets may result in loss of access

4.2 Web3Auth Integration

• Web3Auth provides secure authentication through blockchain wallets
• Your wallet address serves as your unique identifier
• Authentication is non-custodial and decentralized
• We may store your wallet address for account management
• You can disconnect your wallet at any time

4.3 Security Responsibilities

You are responsible for:

• Keeping your private keys and seed phrases secure
• Using hardware wallets for large transactions
• Verifying transaction details before confirming
• Protecting your device from malware and phishing
• Reporting suspicious activity immediately

5.1 Smart Contract Usage

• Smart contracts automate booking and payment processes
• Contract terms are immutable once deployed
• We use audited and tested contract templates
• Contract addresses are publicly verifiable
• You can review contract code before interacting

5.2 Automated Features

• Automatic payment processing upon booking confirmation
• Escrow services for secure fund holding
• Automatic refunds based on cancellation policies
• Loyalty token distribution and management
• Real-time price updates and availability checks

5.3 Contract Risks

Smart contracts carry inherent risks:

• Code vulnerabilities may exist despite audits
• Network congestion may delay transactions
• Forked networks may affect contract functionality
• Regulatory changes may impact contract legality
• We are not liable for smart contract failures

6.1 IPFS Usage

• Documents and images may be stored on IPFS
• IPFS provides decentralized, censorship-resistant storage
• Content is distributed across multiple nodes
• Access depends on network availability
• We maintain backup copies of critical data

6.2 Storage Limitations

• IPFS content may become unavailable if not pinned
• Large files may have slower access times
• Content integrity is verified through cryptographic hashes
• We cannot guarantee permanent availability
• Alternative storage methods are available upon request

7.1 Digital Certificates

• Booking confirmations may be issued as NFTs
• NFTs serve as digital proof of booking
• Certificates are non-transferable and non-refundable
• NFT metadata contains booking details
• Lost NFTs may be reissued with verification

7.2 Loyalty Program

• Loyalty tokens are earned through platform usage
• Tokens can be redeemed for discounts and benefits
• Token economics are subject to change
• Tokens have no cash value outside the platform
• We reserve the right to modify token distribution

8.1 Legal Requirements

• Cryptocurrency transactions may be subject to regulation
• We comply with applicable KYC/AML requirements
• Large transactions may require additional verification
• We may report transactions to regulatory authorities
• Tax obligations remain the responsibility of users

8.2 Geographic Restrictions

• Web3 features may not be available in all jurisdictions
• We reserve the right to restrict access based on location
• Users must comply with local cryptocurrency laws
• Sanctioned countries are excluded from Web3 features
• We may require additional documentation for certain regions

9.1 Cryptocurrency Risks

• Cryptocurrency values are highly volatile
• No government or central bank backing
• Limited consumer protection compared to traditional payments
• Irreversible transactions once confirmed
• Potential for complete loss of funds

9.2 Technical Risks

• Blockchain networks may experience downtime
• Smart contract bugs may result in fund loss
• Network congestion may delay transactions
• Wallet software may have vulnerabilities
• Phishing and social engineering attacks

9.3 Regulatory Risks

• Changing cryptocurrency regulations
• Potential bans or restrictions in certain jurisdictions
• Tax implications and reporting requirements
• Legal uncertainty in many jurisdictions
• Enforcement actions against crypto businesses

11.1 Technical Disputes

• Blockchain transactions are immutable and irreversible
• Smart contract disputes may require technical arbitration
• We may engage blockchain experts for dispute resolution
• On-chain governance may apply to certain disputes

11.2 Legal Disputes

• Disputes shall be resolved according to our general terms
• Cryptocurrency disputes may require specialized expertise
• Jurisdiction may depend on the nature of the dispute
• We may require escrow or bonding for certain disputes

For Web3 Technical Support

Email: [email protected]

For Legal Inquiries

Email: [email protected]