Terms of Use

Effective: 2026-04-28 · Version 1.0 · Governing law: Federal Republic of Germany

1. Definitions

• "LOSURIA", "Service", "we", "our" — the non-custodial multichain wallet software accessible via app.losuria.com and the marketing site at losuria.com, operated by the entity named in the Imprint (Impressum).
• "You", "User" — any natural or legal person accessing the Service.
• "Wallet" — a cryptographic key pair derived on the User's device that controls assets on supported blockchains.
• "Smart Wallet" — a smart-contract wallet (Coinbase Smart Wallet) whose owner is the User's Wallet.
• "Session Key" — an ephemeral key generated by the User and authorised by the User to execute snipe orders within explicit spend caps and a time-to-live.
• "Restricted Jurisdiction" — any jurisdiction listed in §8 below or any country, region, or person subject to comprehensive sanctions by the EU, UN, UK, or OFAC.

2. Acceptance and Eligibility

1. You must be at least 18 years of age and have the legal capacity to enter into a binding contract under the laws of your jurisdiction.
2. You confirm that using the Service does not violate any law or regulation applicable to you.
3. You confirm you are not located in, a citizen of, or a resident of any Restricted Jurisdiction (§8).
4. If you accept these Terms on behalf of a legal entity, you confirm you have authority to bind that entity.

3. Service Description

3.1 What LOSURIA is

LOSURIA is a non-custodial wallet, swap aggregator, and trading-automation tool delivered as a Progressive Web App. It supports operations on Ethereum mainnet at launch (Base, Arbitrum, Optimism, Polygon and Monad are roadmap items, marked "coming soon" in the interface).

3.2 Features

• Wallet creation, recovery, and signing using WebAuthn passkeys (Face ID, Touch ID, Windows Hello, hardware security keys) combined with a User-supplied recovery hex.
• Native and ERC-20 token transfers via standard EOA-signed transactions; Smart-Wallet operations are executed via an EOA-signed batched call.
• Token swaps routed directly to Uniswap V3 (Ethereum). Swap submissions on Ethereum fan out to multiple private MEV-protection relay builders (Flashbots, Beaverbuild, Titan, Lightspeed).
• Optional, opt-in algorithmic snipe execution: the User configures token-purchase orders, arms an ephemeral Session Key with an explicit ETH spend cap and time-to-live, and the Service autonomously executes matching purchases on new pool creation and may autonomously execute exits on detected liquidity-removal events ("anti-rug") or user-defined limit orders ("take-profit"/"stop-loss").

3.3 What LOSURIA is NOT

• LOSURIA is not a regulated financial service, payment institution, money transmitter, broker, exchange, or custodian.
• LOSURIA does not provide investment advice, tax advice, legal advice, or any form of financial recommendation.
• LOSURIA does not hold User funds, fiat or otherwise.
• LOSURIA does not have, and cannot have, technical access to private keys, seed phrases, or signing material.

4. Self-Custody, Keys, and Recovery

1. All cryptographic keys are derived on the User's device from a WebAuthn-PRF output and a User-controlled recovery hex, using HKDF-SHA256.
2. The Service receives only the public WebAuthn credential identifier and the User's chosen handle. It never receives, stores, or processes private key material.
3. Loss of the passkey and the recovery hex permanently and irreversibly destroys access to the Wallet and any assets it controls. We cannot reset, restore, or recover them.
4. It is the User's sole responsibility to back up the recovery hex securely and to maintain access to the device(s) hosting their passkey.

5. Risks (mandatory acknowledgement)

By using LOSURIA, you acknowledge and accept the following:

• Market risk: Token prices fluctuate sharply. Liquidity may evaporate. You may incur partial or total loss.
• Smart-contract risk: Tokens, pools, factories, routers, and entry-point contracts may contain bugs, exploits, or backdoors. The Service interacts with public on-chain contracts (DEX routers and pools, ERC-4337 entry points, Smart-Wallet factory and implementation) that are deployed by third parties and are beyond our control.
• Counterfactual deployment risk: Smart Wallet addresses are deterministic but the underlying contract is not deployed until the first batched operation. Funds sent to a counterfactual address are recoverable only via the matching deploy + execute. If the Coinbase Smart Wallet factory or implementation contracts become unavailable, recovery may require alternative means.
• Sniping autonomy: When you arm a Session Key, the Service will autonomously sign and submit transactions without further confirmation until the cap is reached, the TTL expires, or you disarm. Worst case: the full configured cap is spent on tokens that may be worthless, illiquid, malicious, or honeypots.
• Anti-rug heuristic: The "anti-rug" feature monitors specific on-chain events and triggers an emergency sell when an event exceeds a configurable threshold. It is a heuristic and may produce false positives, false negatives, or fail to react in time. It is not a guarantee against loss.
• Slippage and execution risk: Submitted swaps may revert, partially fill at adverse prices, be back-run or front-run by third parties despite MEV-protection efforts, or fail to confirm.
• Network and infrastructure risk: Ethereum, Base, and other supported networks may experience outages, reorganisations, or congestion. The Service relies on self-hosted nodes that may go offline. The Service may be unavailable without notice.
• Builder-relay risk: MEV-protection relays operate independently and may include or exclude transactions at their discretion.
• Beta software: The Service is provided as alpha/beta software. Features may change, be removed, malfunction, or be temporarily disabled.

6. Account, Invite Codes, and Access Fees

1. The Service launches as a closed beta. Registration requires a valid invite code issued at our discretion. We may limit total registrations to a numerical cap.
2. An access fee of 1 ETH may be required for closed-beta registration. Access fees, when paid, are non-refundable except as required by mandatory consumer-protection law of your residence (see §15).
3. Access fees are paid on-chain to a public treasury address controlled by the operator. They are not custodied by LOSURIA software; once paid, the User's claim to access is determined by the operator's records and the on-chain transaction.
4. Invite codes are personal and non-transferable. We may revoke access without notice in case of abuse, fraud, sanctions-list match, or breach of these Terms.

7. Fees Other than Access Fees

• Platform fee: Up to 1% of the swap output may be deducted by the Service on each swap, configurable by the operator and disclosed in-app at quote time. Currently disabled during alpha.
• Network gas fees: Paid by the User to the underlying blockchain validators. The Service does not subsidise gas.
• DEX and on-chain fees: Pool, router, and any other on-chain protocol fees (e.g. Uniswap V3 LP fees) are paid by the User to the respective protocol.

8. Restricted Jurisdictions and Sanctions Compliance

You may not use the Service if you are located in, a citizen of, ordinarily resident in, or accessing from any of the following jurisdictions:

• Countries or regions subject to comprehensive sanctions by the European Union, the United Nations, the United Kingdom, or the United States Office of Foreign Assets Control (OFAC), including but not limited to: Iran, North Korea (DPRK), Cuba, Syria, the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine, Russia, Belarus.
• Any jurisdiction where use of the Service or holding/trading the relevant tokens is illegal.

You confirm you are not on any consolidated sanctions list of the EU, UN, UK, or OFAC, and that you are not acting on behalf of any sanctioned person or entity. We may screen on-chain addresses against sanctions lists and refuse service to addresses that match.

9. User Obligations

You agree:

• To use the Service only for lawful purposes and in compliance with all laws of your jurisdiction.
• That you are solely responsible for any tax obligations arising from your use of the Service, including capital-gains tax, income tax, VAT, and any reporting obligations.
• Not to use the Service to launder funds, finance terrorism, or evade sanctions.
• Not to interfere with, reverse-engineer for malicious purposes, attack, or attempt to compromise the Service, its infrastructure, or other users.
• Not to misuse the snipe automation to manipulate markets, engage in wash trading, or commit fraud.
• To keep your invite code, recovery hex, passkey, and device secure.

10. Beta Software, "AS IS", and No Warranty

The Service is provided "AS IS" and "AS AVAILABLE" without warranty of any kind, express or implied, including without limitation any implied warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, reliability, security, uninterrupted availability, or freedom from defects, except where such limitations are not permitted by mandatory law in your jurisdiction.

11. Limitation of Liability

To the maximum extent permitted by applicable law:

• The operator, its affiliates, contractors, and contributors will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or any loss of profits, revenue, data, or goodwill, arising out of or related to your use of the Service.
• The total aggregate liability of the operator under these Terms, regardless of the cause of action, will not exceed the lesser of (a) the access fees you have actually paid in the twelve months preceding the event giving rise to liability, or (b) one thousand euros (EUR 1,000).
• The above limitations do not apply to liability arising from intentional misconduct, gross negligence, fraud, or any liability that cannot be excluded under mandatory consumer-protection law (including German Produkthaftungsgesetz, BGB §§309–310, and consumer-protection rules under the Verbraucherrechte-Richtlinie).

12. Indemnification

You will indemnify and hold harmless the operator and its affiliates from any claim, damage, loss, liability, cost, and expense (including reasonable legal fees) arising from (a) your breach of these Terms, (b) your violation of any law or third-party right, or (c) your misuse of the Service, including unauthorised access automation or sanctions violations.

13. Intellectual Property

The Service software, smart contracts, and platform code are authored by Titus Amadeus Fliegel (Urheber / developer), who is also the sole Member (100 %) of the operating entity. Commercial usage rights, including operation and distribution of the Service, are vested in the operator, Negentralgorhythms LLC (a Wyoming limited liability company, single-member, manager-managed), as identified in the Impressum. The LOSURIA name, logo, and marketing copy are the property of the operator and protected by copyright, trademark, and other laws. Open-source components used in the Service are governed by their respective licences.

14. Termination, Suspension, and Force Majeure

1. You may stop using the Service at any time. Persistence of on-chain state (Smart Wallets, transactions, balances) is unaffected.
2. We may suspend or terminate your access to the Service at our discretion, without notice, in case of suspected fraud, sanctions match, breach of these Terms, security risk, or service shutdown.
3. We are not liable for any unavailability or delay caused by events beyond our reasonable control, including network outages, blockchain reorganisations, denial-of-service attacks, regulatory action, infrastructure provider failure, or force majeure.

15. Consumer Protection (EU Users)

If you are a consumer resident in the European Union, nothing in these Terms limits your statutory rights under EU consumer-protection law. You may raise disputes with the European Commission's Online Dispute Resolution platform at ec.europa.eu/consumers/odr. We are not obliged and not willing to participate in dispute-resolution proceedings before a consumer arbitration board.

15a. Roadmap-Failure Refund (Global)

Independent of the EU consumer-withdrawal regime in clause 15 and the digital-content carve-out in the Widerrufsbelehrung, the operator commits to the following global refund right for every Founders Pass V2 buyer, regardless of residence:

• If, by 2026-12-31, neither (a) a third-party Tier-1 security-audit report of the Founders Pass V2 and Token Factory V3 contracts has been published, nor (b) Solana-native sniping has shipped in production (i.e. an executable on-chain swap signed from a LOSURIA account on Solana mainnet, observable on the public /trades page), the operator will, on written request to contact@losuria.com sent before 2027-03-31, refund 50 % of the user's documented mint price (in ETH at the original mint-tx exchange rate or the equivalent in USDC at the refund-tx exchange rate) to the EOA that signed the mint transaction.
• The refund is conditioned on the requester transferring the Founders Pass NFT back to the operator treasury wallet 0x791dA60B1BAdb1296517e6cB060C374D0a120B73 in the same request; the Pass returns to the operator's hand and is not re-minted.
• This refund right is independent of mandatory consumer-protection rules in clauses 15 and 18.3; whichever rule gives the user the greater protection prevails.

16. Privacy and Data Protection

Our collection, processing, and storage of personal data is described in the Privacy Policy, which forms an integral part of these Terms.

17. Modifications

We may update these Terms from time to time. The effective date at the top of this page reflects the most recent revision. Material changes will be announced on losuria.com at least 14 days before they take effect, where reasonably feasible. Continued use of the Service after the effective date constitutes acceptance.

18. Governing Law and Jurisdiction

1. These Terms are governed by the laws of the Federal Republic of Germany, excluding the UN Convention on Contracts for the International Sale of Goods (CISG).
2. The exclusive place of jurisdiction for all disputes arising from or in connection with these Terms is, to the extent permitted by law, the seat of the operator (see Impressum).
3. Mandatory consumer-protection rules of the User's jurisdiction of habitual residence remain unaffected.

19. Severability and Entire Agreement

1. If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions remain in full force.
2. These Terms, together with the Privacy Policy and the Imprint, constitute the entire agreement between you and the operator regarding the Service.

20. Notices

Notices: contact@losuria.com

For data-subject requests under the GDPR, see the Privacy Policy.

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