Terms of Use
This revised Terms of Use shall enter into force on Jan. 1, 2024.
1. Purpose and Scope of Application
These Terms of Use shall explain the purpose of defining and the particulars of applying to rights and obligations among users, members, and the “Company”, the service provider with respect to all services (refer to the definition in Paragraph 1 of Article 2, hereinafter referred to as “Mammoth Services”) provided by MAMMOTH LABS CO., LTD (hereinafter referred to as the “Company”).
Where using Mammoth services, users and members shall be deemed to fully understand these Terms of Use and consent to all items in the Terms of Use. If a user or a member does not have the capacity of juristic acts to use the Mammoth Services or does not consent to these Terms of Use, the user or the member shall stop all activities of accessing to or using the Mammoth Services. Where users and members use the Mammoth services, all services may be discontinued and changed at any time depending on the blockchain network, technology, environment, and other matters, and users and members shall consent to such discontinuation and change. By using the Mammoth Services or any service directly connected to the Mammoth Services, users and members shall be deemed to consent to contents set forth in this document.
2. Definition of Terms
The definitions of terms used in these Terms of Use shall be as follows. The definitions of terms used in these Terms of Use shall be governed by relevant statutes, regulations, and general commercial practices, except as defined below.
“Mammoth Services” mean services provided by Mammoth Labs (https://mammothlabs.io/), GM Wallet, and GMMT Bridge and falling under any of the following item.
“White paper provision service” refers to provides whitepaper, which enables to check information on digital assets, such as GMMT.
“GMMT Scan“ means services that provides the function of checking various transactions that occurred on the mainnet with the blockchain search function.
“GM Wallet” means an online digital wallet service based on blockchain technology provided by the Company on the basis of the Giant Mammoth Chain mainnet, and is managed by users with all permissions necessary for blockchain services, such as private keys, passwords, etc. The service is provided through a mobile application based on the Giant Mammoth Chain mainnet, and services, such as transactions, exchanges, etc., can be used within the services. Details regarding GM Wallet service are governed by Paragraph 1 of Article 3.
A “Member” means a person who uses Mammoth services by linking the GM Wallet account held by the member in accordance with the procedures required by the Company.
A “User” means a person who uses Mammoth services without linking to a GM Wallet account.
“Digital assets” mean all blockchain-based items or data in digital format, including not only blockchain technology but also cryptocurrency, game tokens, coins, NFTs, digital assets derived therefrom, etc.
“NFT (Non-fungible Token)” means a digital asset on the blockchain that cannot replace one token with another, and some in-game items can be provided with NFTs within individual game services.
“Cryptocurrency” means coins (cryptocurrency issued based on an independent blockchain network mainnet) issued by applying blockchain technology and tokens (a cryptocurrency issued on the mainnet, such as a public chain released, etc., without an independent blockchain network mainnet).
“GMMT“ means a digital asset issued based on the Giant Mammoth Chain mainnet, and can be used within Giant Mammoth Chain mainnet-based services, such as GM Wallet, GMMT Bridge, etc. For details on the bridge service, please refer to Paragraph 2 of Article 3.
“Smart contract” means a bundle of code written in a language that can be operated by a program on the blockchain.
“Transaction” means individual transactions, such as transfer of GMMT or tokens, distribution and execution of smart contracts, and change of account status that occur on the blockchain platform.
“Wallet” refers to a service that provides the function of checking and storing digital assets linked with a member’s account and enables sending and receiving digital assets through the account address.
“Wallet address” means a unique identification address on the blockchain platform assigned to each account to record changes in digital assets between members in the services.
“Password” means a combination of numbers set by a member to confirm that the member matches the account and account address and to protect confidentiality.
“Seed phrase” means a unique combination of English words used by a member in the process of recovering its account or generating an additional account. As the seed phrase has signing authority, if it is exposed to the outside, others will be able to make a valid signature for sending a token, etc. Special care must be taken in handling thereof.
“Private key” means a code (a random combination of numbers and letters) which makes a 1:1 match with the address of GM Wallet and plays an important role in making every signature for GM Wallet. As the private key has signing authority, if it is exposed to the outside, others will be able to make valid signatures, such as sending tokens. Special care must be taken in handling thereof.
“Defi (decentralized financial service)” means a financial service implemented on a blockchain network without going through a centralized financial institution.
“dApp service”, that is, Decentralized Application service, refers to an application service created based on a decentralized blockchain platform.
3. Mammoth Services
GM Wallet
The Company can provide an online wallet service for digital asset management through an application based on the Gaint Mammoth Chain mainnet. Information, such as password, seed phrase, private key, etc., shall be required to use the GM Wallet service. The Company does not separately store or manage passwords, seed phrases, private keys, etc., and it is technically impossible for the Company to recover them. Therefore, members are responsible for storing and managing all information necessary to use GM Wallet, and if members lose it, the Company shall not be responsible for recovery. Digital asset management may be expanded by updates, etc., including, but not limited to, services, such as storage, transfer, exchange, transaction, services, and so on.
All services may be discontinued or changed at any time depending on blockchain network, technology, environment, external regulations, etc., and members consent to the foregoing. By using service, members shall be deemed to consent to contents set forth in this document.
The tax treatment of digital asset transactions is uncertain and it is the members’ responsibility to determine taxes, if any, arising from such transactions.
Members shall be solely responsible for reporting and paying any applicable taxes arising from the Company's services and all related transactions, etc., and acknowledge that the Company does not provide investment, legal or tax advice to members with respect to such participation selections. Members should conduct inspection on their own and consult with experts before making any investment decision, including whether to participate in the services and any related transactions.
GMMT Bridge
The Company can independently provide transfer services of digital assets, such as GMMT, that is, bridge services. A bridge service is a service that enables to send and receive tokens between different blockchain networks.
For movement of assets between the Giant Mammoth Chain mainnet and another mainnet, it is first checked whether the two mainnets can be connected through a bridge. The mainnets currently available for connection to Giant Mammoth Chain are as follows. Next, assets can be moved from the mainnet to the Giant Mammoth Chain mainnet, or vice versa, from the Giant Mammoth Chain mainnet to another mainnet.
Mainnet connectable via bridge
Ethereum
1
ETH
Polygon
137
MATIC
BNB
56
BNB
Giant Mammoth
8989
GMMT
Users or members who use the services can use the services selectively and can stop the services at any time if they do not want to do so. As the bridge service requires the use of a wallet that supports both sending and receiving networks, it is necessary to check whether it is possible to connect to the network and the wallet that currently holds the assets before using the bridge service.
A fee may be charged to use the bridge service, and users or members must pay the fee themself. The fee policy is as follows: In addition, fees may be subject to change at any time, and any changes shall be publicly announced or notified in advance through electronic means, such as email addresses, electronic notification, pop-up messages, etc. within the services.
Bridge fee policy
Giant Mammoth
Ethereum
10 GMMT
Giant Mammoth
Polygon
0.1 GMMT
Giant Mammoth
BNB
2 GMMT
Ethereum
Giant Mammoth
Free
Polygon
Giant Mammoth
Free
BNB
Giant Mammoth
Free
Users or Members shall be solely liable for any transmissions and signatures that occur while using the bridge service, and check information including the recipient's wallet address and sign before transmitting, for preventing incorrect deposits.
Scope and Explorer
The Company can provide services to check block creation and transactions occurring on the mainnet or testnet. However, the Company do not guarantee the completeness or integrity of the information provided. Users or members may stop or refuse to use the services at any time. The services may be discontinued or changed at any time depending on the blockchain network, technology, environment, and all other matters, and users or members consent to such discontinuation or change. By using the services or any service directly connected to the services, users or members shall be deemed to consent to contents set forth in this document.
4. General matters
Effectiveness and Revision of Terms of Use
If deemed necessary, the Company may revise these Terms of Use to the extent that they do not violate relevant statutes and regulations. The revised Terms of Use shall be publicly announced or notified in advance through electronic means, such as email addresses, electronic notifications within the services, pop-up messages, etc. Please note that users or members acknowledge that these Terms of Use and/or the services may be modified or changed at any time at the Company's discretion and consent to it.
If not consenting to the revised Terms of Use, users or members may cancel the agreement by stopping or withdrawing from the services at any time. If a user or a member continues to use the services without withdrawal after these Terms of Use have been revised, the user or the member shall be deemed to have consented to any changes, modifications, or replacements. The date of the last revision appears at the top of these Terms of Use.
Admission to membership
Anyone who wants to be admitted to membership can complete membership registration and use the services by the GM Wallet registration process below. If a person makes membership registration by entering his or her ID or password incorrectly, he or she takes full responsibilities. The password and seed phrase of GM Wallet entered at the time of membership registration are not stored or managed separately, and if they are lost, the Company cannot provide any assistance thereto.
2.1. GM Wallet membership registration process
Consent to the policy (Terms of use and Privacy Policy)
Install the wallet app
Register a seed phrase (recovery word consisting of 12 words to recover the private key)
Check seed phrase
Register a password
Complete Wallet creation
Consent and care duty of users and members
By using the Company's services, users or members consent to the following.
3.1. Users or members must have sufficient knowledge needed to use digital assets and/or blockchain-based systems, make full understanding, and use the services, especially after being fully aware of all the advantages, risks and limitations related to digital assets.
3.2. Users or members must not use the Company's services for illegal activities, and not engage in any illegal activities.
3.3. Users or Members shall be in control of their own credentials (email address, password or other information provided to use the services), and not be acting on behalf of any third party.
3.4. For providing better services, the Company may display on service pages or send various information via email, including notifications, administrative messages, and other advertisements regarding the use of the services.
Warranty
The services may contain content and/or links to third-party websites and services from the Company's partners, vendors, game developers, etc. These services or links shall be provided for the convenience of users or members, and the Company shall not guarantee, suggest, or imply the safety or suitability of any third party’s website. The Company shall not be responsible for maintaining materials referenced from external sites, and shall not warrant or guarantee such sites or their services. The Company shall have no liability whatsoever if any damage, loss or other impact results from direct or indirect using any content, goods or services available through such third party’s services and resources. Please note that these services may have their own policies, and the Company shall have no responsibility for those policies.
Updates
The Company may, for any reasonable purpose, distribute or provide patches, updates, upgrades, content or other modifications related to the provision of the services. These updates may cause the services to be temporarily unavailable. Under certain circumstances, the services may be suspended, withdrew, or disabled for extended periods of time while updates are deployed. The discontinuation of the services due to any cause shall be publicly notified or released through notices within the services, pop-up messages, or members' emails. Reasons that cannot be predicted or controlled by the Company may result in exceptions to prior notification or notice. However, even for these exceptional reasons, the Company will do its best to restore the services as quickly as possible.
Fraud Policy
Fraud within the services refers to any act that intentionally deceives another users or members for profit. For creating a healthy environment for using Mammoth services, the Company may check the contents of reported cases and take measures to restrict the services’ use against fraudulent actors. However, please note that in case of fraud damage, it is not possible to recover as caused by personal carelessness or negligence.
Account theft policy
Account theft refers to any case where information registered in an account is without permission stolen by another person without the consent of the person concerned, or refers to acts that cause damage to the member's account information (GM Wallet password, private key, seed phrase, assets, etc.) with the stolen account. Account theft is an act that violates relevant statutes and regulations, and the Company shall not be responsible for any civil or criminal actions that may occur internally or externally to members due to such violation. Furthermore, where it is confirmed that someone else's personal information has been stolen without permission, the services use for all accounts related to account theft may be restricted. Responsibility for account theft lies with the persons who failed to fulfill his or her personal information protection obligations, so it is not possible to recover damages.
Failover policy
With respect to digital assets lost by errors or bugs due to technical failures while using the services, data recovery will proceed to the extent that it does not cause any strain on the services if technical tracking is possible. However, data changes caused by users’ or members’ negligence or carelessness cannot be restored.
Protection and use of personal information
The Company shall make efforts to protect members' personal information as provided in the relevant statutes and regulations, and shall follow the relevant statutes and regulations, and the Company's Privacy Policy for the protection and use of personal information. However, the Company's Privacy Policy shall not apply to linked services other than the services provided by the Company, and such linked services shall be governed by the personal information processing policy of such service provider. Depending on the nature of the service, information that introduces oneself, such as nickname, character, photo, status information, etc. that is not related to the member's personal information may be disclosed. The Company shall not provide members’ personal information to others without their consent, except cases where there is a request from a relevant government agency, etc. pursuant to relevant statutes and regulations. The Company shall not be responsible for any damage caused by leakage of personal information due to the member's fault.
5. Provision of Information and Posting of Advertisements
The Company may place advertisements on service screens and homepages, and also provide related contents via e-mail or message for users or members who have agreed to receive such information.
The Company may provide users or members with various information deemed necessary while using the services through notices, e-mails, messages, etc. The Company may transmit the information in the preceding paragraph by phone or facsimile transmission device with the prior consent of users or members.
The Company shall not be liable to users or members for any damage arising out of the transaction to involve in, communicate with, or be related to advertisements posted on service screens, etc., unless it is clear that the advertisement contains illegal contents or provides false information, of which the Company was aware in advance.
All advertisements made pursuant to this Article (including links to other websites, etc.) are provided to users or members by third parties, and the Company shall have no rights or interests in the above advertisements provided by third parties
6. Obligations of the Parties to the Service Agreement
Obligations of users and members
Users and members shall not perform any of the following acts when using the service.
1.1. Acts that steal or illegally use another user's or member's account or password
1.2. Acts that post pornographic material in public places or services, such as bulletin boards, etc., or linking to pornographic sites
1.3. Acts that infringe upon the copyrights and other rights of the Company or third parties.
1.4. Acts that cause malfunction of equipment related to the services, or destruction or confusion of information, etc.
1.5. Acts that collect, store, and disclose another members’ personal information
1.6. Acts that distribute false information for the purpose of providing property benefit to oneself or others or causing damage to others.
1.7. Acts that transmit or post information (including computer programs) whose transmission or posting is prohibited by relevant statutes and regulations
1.8. Acts that personate or impersonate an employee or operator of the Company or its affiliates, or steal another person's name.
1.9. Other illegal activities or acts that interfere with the services’ operation
1.10. Users and members shall be responsible for managing and protecting all personal information (hereinafter the “generated information”), such as private key, login account, login password, seed phrase, etc. related to the services at GM Wallet, such as transfer, swap, etc., of digital assets. Users and members should not allow third parties to use this.
1.11. If the users’ or members’ generated information is stolen, leaked, lost, or damaged, the Company cannot provide any assistance due to the nature of the decentralized services.
1.12. If a user or a member loses permission to GM Wallet or generated information and permissions to all digital assets that could have been used due to failure to separately save backups, the user or the member shall be solely responsible for the resulting consequences, and acknowledge and agree that the Company does not take any responsibility.
1.13. Lost digital assets cannot be restored. If a user or member does not comply with relevant statutes and regulations, or all of the Company's Terms or policies, the Company may investigate the user's or the member's violation and may temporarily or continuously discontinue your use of the services.
Obligation of Company
2.1. The Company shall comply with relevant statutes or regulations, and these Terms, and do its best to provide continuous and stable services.
2.2. The Company shall have the necessary personnel and systems to properly handle members' grievances or requests of remedial compensation that arise in connection with the use of the services.
2.3. In response to opinions or requests raised by members, the Company may communicate the processing process and results to members through e-mail, etc.
Responsibilities of users and members
By using the Service, users and members shall be deemed to agree that they are solely responsible for the use of login and password for account, for protecting the registration data provided to generate accounts, and for all actions taken while using their account. Users and members shall not share service-related accounts or generated information, such as passwords, seed phrases, private keys, etc., with anyone, manage and protect them on their own.
As regards digital assets, users and members shall agree to the following terms and conditions.
3.1. The services provided by the Company shall limit the website, wallet and related platform services to what can be accessed via PC, tablet, mobile or any electronic device. The Company shall assume no liability regarding digital assets.
3.2. The Company shall be only responsible for the operation and management of the services, and shall not act as an agent for sellers or buyers of digital assets. Users and members shall be solely and directly responsible for any transactions between the parties and for the information provided.
3.3. GM Wallet's password, seed phrase, and private key shall not be stored anywhere and shall be information managed directly by members. As all transactions are signed directly by members, members shall manage the password, seed phrase, and private key required for transaction signatures and strengthen security. Members shall be soly responsible for all management.
7. Termination of Services
If a member wants to terminate the service use agreement, the member may apply for membership withdrawal at any time through the membership withdrawal function and in accordance with the procedures set by the Company.
When withdrawing membership, members will not be able to log in to the Mammoth services and the use of the services will be restricted.
When withdrawing membership, information related to Mammoth services will be deleted and cannot be recovered.
Once membership withdrawal is completed, the member's information will be deleted from the services, and the Company will take appropriate action in accordance with relevant statutes and regulations. However, due to the nature of blockchain technology, blockchain-related data cannot be deleted.
In case of GM Wallet that directly manages the private key, the member has all permissions, including membership registration, withdrawal, and signature, so the services can be terminated by deleting GM Wallet and the private key without separate membership withdrawal.
8. Copyright
Attribution of copyrights, etc.
All copyrights and other intellectual property rights for the Mammoth Services provided by the Company and all content within the services produced by the Company shall belong to the Company. Users and members shall not use for profit information of intellectual property rights which belonged to the Company or provider among information obtained with the services provided by the Company, or allow others to use such information of intellectual property rights, by duplicating or transmitting information (editing, publishing, performing, distributing, broadcasting, creating secondary works, etc., hereinafter the same shall apply) without the prior consent of the Company or the provider.
Users and Members shall permit the Company to use all communications, images, sounds, all materials and information (hereinafter referred to as the “User Content”), including conversational text, displayed within the services or uploaded or transmitted through the services by members or other users, in the following manner and under the following conditions.
1.1. Using, amending in the editing format, or otherwise modifying the User Content (freely available for use in any form, such as publication, reproduction, performance, transmission, distribution, broadcasting, creation of secondary works, etc., with no restrictions on use period or region).
1.2. Not selling, renting, or transferring the User Content for the purpose of transaction without the prior consent of the user who created the User Content.
1.3. The Company shall not use a member's User Content that is not displayed within the services and not integrated with the services (e.g., postings on a general bulletin board, etc.) without the member's express consent, and users or members may delete such User Content at any time.
1.4. Where determining that a post in the service posted or registered by a user or a member falls under any act to prohibit the services among the obligations of the contracting parties in Article 6, the Company may delete or move it or refuse registration without prior notice.
1.5. Users or members whose legal interests have been infringed due to information posted on communities, bulletin boards, etc. operated by the Company may request the Company to delete such information or post a rebuttal. In this case, the Company shall promptly take necessary actions and notify the applicant thereof.
Users’ and members’ compliances
2.1. Users and members may not reproduce, transmit, distribute, use, or allow a third party to use these services or any materials contained therein, and may not use these services or any materials contained therein for their own commercial purposes, unless they obtain separate prior written consent from the Company. Furthermore, users and members may not rent, lease, sublicense, sell, or transfer the services or any materials related thereto. Users and members shall prohibit from removing, concealing, or altering the contents and ownership of the services, intellectual property rights and all rights related thereto.
2.2. When using the services, users and members must not produce or use anything that is identical or similar to any sign indicating product or service of a third-party, such as the name, trade name, or trademark of the Company or third-party service provider, or business of a third-party.
2.3. This provision is valid while the Company operates the services, and continues to apply even after discontinuation of service use or membership withdrawal.
9. Compensation for damages and Indemnification
Compensation for damages
If causing damages to the other party by violating these Terms of Use, the Company or a user and a member shall be responsible for compensating such damages. However, if there is no intention or negligence, the Company or the user and the member shall take no responsibility therefor. In case where the Company enters into a partnership agreement with an individual service provider and provides the individual service for members, if a user or a member suffers damages due to the individual service provider's intention or negligence after agreeing to these individual terms of service use, the individual service provider shall be responsible for such damages.
Company’s indemnification
2.1. The Company shall take no responsibilities concerning providing the services where it is unable to provide the services due to natural disasters or other force majeure.
2.2. The Company shall not be responsible for any damage caused by repair, replacement, regular inspection, construction, or other similar reasons of equipment for the services. However, this does not apply where it is due to the Company's intention or negligence.
2.3. The Company shall not be responsible for any disruption in the use of the services due to intention or negligence of a user or a member. However, this does not apply where the user or the member has an unavoidable or justifiable reason.
2.4. The Company shall not be responsible for the reliability or accuracy of information or materials posted by users or members in connection with services, unless there is intention or negligence thereof.
2.5. The Company shall have no obligation to intervene in transactions or disputes that arise between a user or a member with other members or others through the service, and shall not be responsible for any damages resulting therefrom.
2.6. The Company shall not be responsible for any damage incurred to users or members in connection with the use of the services provided. However, this does not apply to cases where such damage is due to the Company's intention or negligence.
2.7. The Company shall not be responsible for any failure to obtain expected benefits or for loss of expected benefits to be obtained by users or members by using the service.
2.8. The Company shall be not responsible for changes in the value of users' or members' digital assets.
2.9. The Company shall not be responsible for any problems, including recovery therefor, that arise from user’ or members’ failure to manage generated information, such as GM Wallet password, private key, seed phrase, etc.
2.10. If all or part of the functions of the services cannot be used due to changes in electronic devices such as PCs and mobile devices used by users or members, changes in mobile device numbers, changes in operating system (OS) versions, overseas roaming, or changes in telecommunication companies, the Company shall not be responsible for this. However, this does not apply where it is due to the Company's intention or negligence.
2.11. The Company shall not be responsible for cases where a user or a member deletes content or account information provided by the Company. However, this does not apply where it is due to the Company's intention or negligence.
2.12. The Company shall not be responsible for any damage resulting from the use of the services by a person other than users or members. However, this does not apply where it is due to the Company's intention or negligence.
2.13. Regulations and policies related to blockchain and digital assets are currently incomplete and uncertain, and changes in relevant regulations or policies may affect the services provided by the Company.
10. Assignment of Rights and Obligations
The Company may assign all of its contractual status, rights and obligations under these Terms of Use (including individual Terms of Use) to another person through business transfer, merger, division, spin-off merger, or asset transfer. The Company (or the assignee) may inquire as to whether or not the member consents to the transfer of the Company's contractual status, etc. through an appropriate method, such as displaying a pop-up to the member who accesses the service for the first time after completion of the assignment transaction, and may provide the services only for members who consent to the foregoing.
11. Governing Law and Jurisdiction
These Terms of Use shall be governed by the laws of the Republic of Korea.
A lawsuit regarding disputes that arise between the Company and members is subject to the exclusive jurisdiction of the district court with jurisdiction over the place where the domicile of the member is located at the time of filing the lawsuit. Provided, That where the member has no domicile, it is subject to the exclusive jurisdiction of the district court with jurisdiction over his or her residence. If the domicile or residence of the member is unfixed or unknown, the court in the jurisdictional area shall be determined pursuant to the Civil Procedure Act.
In case of members with a domicile or a residence abroad, the Seoul Central District Court of Republic of Korea shall be the competent court for lawsuits regarding disputes arising between the Company and the member, notwithstanding the preceding paragraph.
Date of Public Notice on Terms of Use: January 1, 2024 Date of Enforcement on Terms of Use: February 1, 2024
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