These Terms of Service (“Terms”) constitute a legally binding agreement between you (“User,” “You,” or “Your”) and Parallax Network (“Company,” “We,” “Our,” or “Us”), governing your access to and use of the Parallax ecosystem, including our website, mobile applications, blockchain consensus protocols, and any related products and services (collectively, the “Services”).
By accessing or using the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you must immediately discontinue use of the Services.
1. Acceptance of Terms
By creating an account, accessing, or using our Services, you agree to comply with and be bound by these Terms. If you are using the Services on behalf of a company, organization, or other legal entity, you represent and warrant that you have the authority to bind such entity to these Terms.
2. Services Provided
Parallax Network is a decentralized multi-application ecosystem, offering services including, but not limited to, the PAX token distribution, consensus participation interface, digital wallet features, and future decentralized applications (DApps). These Services are subject to modification at any time at the discretion of the Company to ensure network stability and security.
3. Eligibility
To use the Services, you must:
- Be at least 18 years of age, or the age of majority in your jurisdiction;
- Not have been previously suspended or removed from using any of our Services;
- Comply with all applicable laws, rules, and regulations in your jurisdiction.
4. User Accounts & Security
In order to use certain features of the Services, you will be required to register an account. You agree to take responsibility for all activities occurring under your account. We reserve the right to suspend or terminate your account if we suspect any violation of these Terms, specifically the creation of multiple accounts by a single user ("Sybil Attack").
5. Privacy & Data Protection
Your privacy is of paramount importance. Unlike traditional platforms, Parallax Network aims to minimize data collection. By using the Services, you consent to the practices described in our Privacy Policy. We do not sell your personal data to third parties.
6. User Conduct
You agree that you will not engage in prohibited activities, including:
- Using automated means, including bots, emulators, or scripts, to manipulate the consensus mechanism or accumulate PAX;
- Creating multiple accounts to bypass network rules;
- Attempting to reverse engineer or hack into the Services.
7. Cryptocurrency & Token Disclaimer
The Parallax ecosystem involves the PAX token. You acknowledge that:
- Cryptocurrencies are inherently volatile;
- Transactions conducted via blockchain are irreversible;
- PAX tokens currently have no guaranteed monetary value and are not an investment vehicle;
- You are responsible for any tax obligations arising from your use of the Services.
8. Node Participation & Consensus
The Parallax Network App allows users to participate in the network consensus via "Proof of Time" and "Graph of Trust". This process does not utilize excessive device resources (it is not "mining" in the traditional Proof of Work sense). By using the app, you agree to:
- Abide by verification requirements, specifically the Fuzzy Biometric Hash (Liveness Verification) to prove humanity without revealing identity;
- Acknowledge that rewards are subject to network governance and algorithmic adjustments.
9. Intellectual Property
All content, trademarks, and intellectual property related to the Parallax Network, including but not limited to the PAX logo, website design, and proprietary protocols, are the exclusive property of Parallax Network.
10. Disclaimer of Warranties
The Services are provided on an "AS IS" and "AS AVAILABLE" basis. To the fullest extent permitted under applicable law, Parallax Network disclaims all warranties. We do not guarantee that the Services will be uninterrupted, error-free, or that the token will maintain a specific value.
11. Limitation of Liability
To the maximum extent permitted by law, Parallax Network shall not be liable for any indirect, incidental, special, or consequential damages, including loss of data or funds, arising from your use of the Services.
12. Modifications
We reserve the right to modify these Terms at any time. Your continued use of the Services following any such changes constitutes your acceptance of the revised Terms.
13. Contact Information
For any questions regarding these Terms, please contact our support team: