Terms of service
Last updated: January 13, 2025
PLEASE READ THESE TERMS CAREFULLY BEFORE USING JPOOL.ONE (THE “SERVICE”). IF THERE IS ANYTHING THAT YOU DO NOT UNDERSTAND, PLEASE CONTACT US. IF THERE IS ANYTHING IN THESE CONDITIONS YOU DISAGREE WITH, PLEASE DO NOT USE OUR SERVICES. YOU SHOULD BE AWARE OF THE RISK OF LOSS OF YOUR VIRTUAL ASSETS. THE VALUE OF VIRTUAL ASSETS CAN GO UP OR DOWN, WHICH CREATES A SIGNIFICANT RISK OF FINANCIAL LOSS DUE TO THE HOLDING OF VIRTUAL ASSETS.
1. Acceptance of terms
By using or accessing JPool liquid staking platform, website, mobile applications, and any associated services ("Services"), you agree to be bound by these Terms of Service ("Terms"), along with any additional policies, notices, or agreements that we may provide or amend from time to time. If you disagree with any portion of these Terms, you should stop using the Services immediately.
JPool ("we," "us," "our") reserves the right to update or change these Terms at any time. Your continued use of the Services following any such changes indicates your acceptance of the new Terms. It is your responsibility to review these Terms periodically for updates.
2. Eligibility and user obligations
To use the Services, you confirm that you:
Have reached the legal age required to enter into a binding agreement in your jurisdiction (usually 18 years old or older).
Have the legal authority to act on behalf of yourself or any entity you represent.
Are not located in or a resident of any country subject to international sanctions, including but not limited to countries listed in our Restrictions section.
Are in compliance with all applicable laws, including anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Have not been previously prohibited or suspended from accessing JPool's Services.
If you act on behalf of a business or other legal entity, you further warrant that you are fully authorized to accept these Terms on behalf of that entity.
3. Restrictions
The following countries and jurisdictions are subject to sanctions and restrictions under international law, including sanctions imposed by the Office of Foreign Assets Control (OFAC), the European Union, and other relevant authorities. As a result, users from these countries may not access or use JPool's Services:
Afghanistan
Belarus
Cuba
Democratic People’s Republic of Korea (North Korea)
Iran
Russia
Syria
Sudan
Crimea region of Ukraine
Any other country or region under current OFAC sanctions, UN sanctions, or EU restrictions.
JPool reserves the right to update this list periodically and refuse service to wallet addresses from these or other restricted regions as required by international law. If you are found to be accessing the Services from a restricted location or via a wallet associated with a restricted region, your access may be blocked or suspended immediately, and further actions may be taken to comply with legal obligations.
4. Services overview
JPool provides technical interface for staking of SOL on the Solana networkproviding users with the ability to receive staking rewards. By staking SOL, you can choose to receive JSOL tokens (hereinafter also “JSOL” and “Token”), which represent your staked assets and can be used across various decentralized finance (DeFi) applications.
Staking Mechanics:
Once you stake SOL, JSOL tokens are issued to your connected wallet based on the current staking ratio.
Unstaking is available at any time through the platform, subject to liquidity and transaction fees. When unstaking, JSOL is converted back to SOL, with the transaction time dependent on network conditions.
JPool offers an exclusive membership program called the JPool Holders Club, which rewards users for their participation and engagement in the JPool ecosystem. Membership in the Holders Club is represented by a unique NFT powered by the Albus Protocol, which serves as a membership card. By holding JSOL and participating in JPool’s staking activities, users can earn JPoints—a reward point system that provides the following benefits:
Earning JPoints: Users can accumulate JPoints through various activities, including holding JSOL, completing social quests, referring others to JPool, and engaging with JPool’s DeFi partners.
Membership tiers: The JPool Holders Club offers different membership tiers that provide increasing levels of rewards. Users can advance through tiers based on the number of JPoints they earn.
Boosters are multipliers that increase your base JPoints earnings in the JPool Holders Club. They can be earned by participating in specific staking activities or engaging with JPool’s DeFi partners, allowing you to accumulate JPoints at an accelerated rate.
Referral Program: The Referral Program rewards users with additional JPoints for bringing new participants to the platform. Users earn JPoints for each successful referral who joins and engages with the JPool ecosystem.
Disclaimer: While JPool facilitates staking and rewards through the Solana network, we cannot guarantee or control the exact rewards generated from staking, as they depend on network conditions. The value of SOL and JSOL may fluctuate due to market forces, and JPool assumes no responsibility for price changes or potential losses.
5. Fees and transactions
JPool may charge transaction fees for staking, unstaking, or other operations conducted on the platform. These fees will be clearly communicated to users during the transaction process and are subject to periodic adjustments. Minimum transaction amounts may apply depending on network activity or internal policy updates.
6. Identity verification and compliance
In order to comply with applicable laws, JPool reserves the right to request user identity verification information. This may include, but is not limited to, personal identification documents or proof of address. You agree to provide accurate and timely information when requested, and acknowledge that failure to do so may result in the blocking or suspension of access to the platform via your wallet address.
We are also committed to preventing fraudulent activity and may use third-party services to verify your identity or conduct investigations. By using the Services, you consent to the collection, use, and sharing of this information as required by law or for the purposes of fraud prevention.
7. Prohibited uses
You agree not to use JPool’s platform in any way that:
Engages in fraudulent, illegal, or unauthorized activities, including but not limited to money laundering, market manipulation, or hacking attempts.
Violates the intellectual property rights of JPool or third parties.
Disrupts, interferes with, or imposes an unreasonable burden on JPool’s infrastructure, servers, or security systems.
Attempts unauthorized access to JPool’s systems or interacts with any unauthorized blockchain smart contracts.
Involves the use of bots, crawlers, or other automated methods to access the platform.
Uses the platform for any actions that could damage, disable, overburden, or impair the performance of the Services.
JPool reserves the right to block or restrict access to the platform from any wallet address involved in prohibited activities and to take any other appropriate legal actions.
8. Disclaimer
Our Services are provided on an "as is" and "as available" basis without any warranties of any kind, whether express, implied, or statutory, including, but not limited to, implied warranties of title, merchantability, fitness for a particular purpose, and non-infringement. We make no representations or warranties that access to the Services, our website, platform, or any materials will be continuous, uninterrupted, timely, error-free, accurate, complete, reliable, current, or free of viruses or other harmful components.
To the maximum extent permitted by applicable law, we specifically disclaim any responsibility for direct, indirect, special, incidental, intangible, or consequential losses or damages arising from or relating to the performance or non-performance of the Services, any data inaccuracies, unauthorized access, software or network failures, or any third-party activities. This includes, but is not limited to, losses related to digital asset volatility, potential unauthorized acts by third parties, delays, or interruptions in data transmission, or any failure to maintain privacy or security in connection with the Services.
You hereby acknowledge and agree that you use the Services entirely at your own risk, and you assume all risks associated with digital assets and decentralized systems, including potential loss of tokens or assets. You agree that you will have no recourse against us or any of our affiliates, shareholders, members, directors, officers, employees, agents, representatives, suppliers, or contractors for any losses, even if we knew or should have known of the possibility of such damages.
9. Termination of service
JPool reserves the right to block or suspend access to the Services without prior notice if we determine that you have violated these Terms, applicable laws, or pose any risk to the integrity of our platform or other users.
Upon termination of access, you will not be able to use the Services through the associated wallet address, but any sections of these Terms that inherently survive termination (such as those related to intellectual property, limitations of liability, and indemnification) will remain in effect.
10. Intellectual property rights
All content, design, technology, and intellectual property associated with JPool’s platform are the exclusive property of JPool or its licensors. You are granted a limited, revocable license to use the platform in accordance with these Terms. Unauthorized reproduction, distribution, modification, or creation of derivative works from JPool’s content is strictly prohibited.
11. Confidentiality
You agree to maintain the confidentiality of all non-public information that you gain access to through your use of the Services. You may not disclose any such confidential information to third parties without the explicit written consent of JPool. Your confidentiality obligations will continue beyond the termination of access for your wallet address.
12. Force majeure
JPool will not be held liable for any delays or failure to perform its obligations under these Terms caused by circumstances outside of its reasonable control, such as natural disasters, government actions, network interruptions, or other force majeure events.
13. Governing law and dispute resolution
These Terms shall be governed by and interpreted in accordance with the laws of the Republic of Panama, without regard to its conflict of law principles. Any disputes arising from these Terms including its interpretation, breach, termination, or validity, shall be submitted to arbitration in accordance with the rules of the Panama Conciliation and Arbitration Center (CeCAP). The arbitration shall be conducted in English, the seat of arbitration shall be Panama City, Republic of Panama, and the decision of the arbitral tribunal shall be final and binding on both parties.
Any claims or disputes must be addressed on an individual basis, and users waive the right to participate in any class actions or other collective legal proceedings.
14. Indemnification
You agree to indemnify and hold harmless JPool, its affiliates, employees, officers, directors, and agents from any claims, liabilities, damages, costs, or expenses (including attorney’s fees) arising out of your use of the platform, violation of these Terms, or breach of any laws or third-party rights.
15. Severability
If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect. Any invalid provision will be replaced by a valid provision that most closely reflects the original intent of the parties.
16. Notices
All communications regarding these Terms or the Services should be directed to JPool via email at info@jpool.one. JPool may provide notifications to you via email or through the platform itself.
Last updated