PHM Wallet Terms of Service
1. Risks related to the use of PHM Wallet
Phoneum will not be responsible for any losses, damages or claims arising from events falling within the scope of the following categories:
(1) Mistakes made by the user of any cryptocurrency-related software or service, e.g., forgotten pins, payments sent to wrong coin addresses, accidental deletion of wallets, and/or forgetting to back up private keys.
(2) Software problems of the wallet and/or any cryptocurrency-related software service, e.g., corrupted wallet file, incorrectly constructed transactions, unsafe cryptographic libraries, malware affecting the wallet and/or any cryptocurrency-related software or service.
(3) Technical failures in the hardware of the user of any cryptocurrency-related software service, e.g., data loss due to a faulty or damaged storage device.
(4) Security problems experienced by the user of any cryptocurrency-related software service, e.g., unauthorized access to users' wallets and/or accounts.
(5) Actions or inactions of third parties and/or events experienced by third parties, e.g., the bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties.
2. Compliance with tax obligations
The users of the wallet are solely responsible to determinate what, if any, taxes apply to their crypto-currency transactions. The owners of, or contributors to, the wallet are NOT responsible for determining the taxes that apply to cryptocurrency transactions.
3. No Warranties
The wallet is provided on an "as is" basis without any warranties of any kind regarding the wallet and/or any content, data, materials and/or services provided on the wallet.
4. Wallet Data Security
The owners of, or contributors to, the wallet do not retain access at any time of the pin code, as well as the private keys entered or created by the cryptocurrency-related software. Instead, the information is encrypted and stored on the devices' storage with a well-known recommended method, Advanced Encryption Standard (AES). AES uses substitution–permutation network to encrypt users data with a key. Using this approach, it replaces bytes from one table with the bytes from another, and as such creates permutations of data.
5. Limitation of liability
Unless otherwise required by law, in no event shall the owners of, or contributors to, the wallet be liable for any damages of any kind, including, but not limited to, loss of profits, or loss of data arising out of or in any way connected with the use of the wallet. In no way are the owners of, or contributors to, the wallet responsible for the actions, decisions, or other behaviour taken or not taken by users in reliance upon the wallet.
The user of the wallet agrees to arbitrate any dispute arising from or in connection with the wallet or this disclaimer, except for disputes related to copyrights, logos, trademarks, trade names, trade secrets or patents.
7. Last amendment
This disclaimer was amended for the last time on August 23rd, 2019