Launch Testnet

Salt Platform Suite Terms of Use

  1. By accessing and/or using the Salt Platform Suite you agree to these Terms of Use (Salt Platform Suite Terms). If you do not agree to these Salt Platform Suite Terms you must immediately cease access and use of the Salt Platform Suite.

Introduction

  1. The Salt Platform Suite is developed by Kagami Digital Pty Ltd (ACN 669 663 834) trading as Salt (Salt, we, us, our).
  2. By accessing and/or using the Salt Platform Suite, you agree to these Terms of Use (Salt Platform Suite Terms).
  3. From time to time, we’ll need to update these Salt Platform Suite Terms. When we do, we’ll publish the updated version on our Website.
  4. At any time, you can submit a message to salt@salt.space to suggest updates to our Salt Platform Suite Terms that you feel are unclear, unfair or unreasonable.
  5. The Salt Platform Suite is available on an “as is” basis.
  6. To access and use the Salt Platform Suite, you agree that you:
    1. are at least eighteen years old,
    2. will take your own precautions when using the Salt Platform Suite to ensure your safety and the safety of your software and devices,
    3. have the legal capacity to agree to these Salt Platform Suite Terms,
    4. are responsible for seeking your own independent and professional advice regarding your eligibility to and use and access of the Salt Platform Suite according to laws applicable to you,
    5. if using the Salt Platform Suite on behalf of a legal entity (such as your employer), have the authority to bind that legal entity to these Salt Platform Suite Terms (and all references to ‘you’ and ‘your’ in these Salt Platform Suite Terms will be taken to be references to that legal entity),
    6. will not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, commercially exploit, create derivative works from, transfer, or sell the Salt Platform Suite,
    7. will not use the Salt Platform Suite to further a commercial purpose in competition with us, unless written consent is obtained from us prior to any intended such use, and you are not granted or transferred any rights, title, or interest to the Salt Platform Suite other than a non-exclusive and royalty free limited licence to use the Salt Platform Suite,
    8. will not do any act that we would deem to be inappropriate, is unlawful or is prohibited by any laws applicable to you and the Salt Platform Suite.

Who are we?

  1. Salt provides infrastructure for Self-Custodial crypto-token management.
  2. This means:
    • You exclusively control your Private Keys and crypto-tokens.
    • We never have access to, custody of, or control over your crypto-tokens or Private Keys.
    • You are solely responsible for safely managing your Seed Phrases, passwords, and access to any wallets.

Our Services

  1. Our services (Services) consist of enabling users to:
    • Organise Salt Accounts and allocate access levels to their collaborators.
  2. We supply a policy layer that assists in risk management of digital assets held in Salt Accounts.
  3. The following blockchain-based activities (Activities) can be undertaken by a person interacting with the Salt Platform Suite:
    • create a decentralized MPC controlled account (Salt Account);
    • collaborate with co-signers on a Salt Account using a smart contract;
    • send a balance of crypto-tokens to another public address;
    • interact with smart contracts on behalf of a Salt Account;
    • delegate co-management of a Salt Account a person has created or controls;
  4. Activities do not constitute Services provided by us. The terms of your license to access and use each component of the Salt Platform Suite are or will be made available as each component is made available for access and use.
  5. Our Services do not consist of:
    1. activity regulated by the Australian Securities and Investments Commission (ASIC) or any other regulatory agency in any jurisdiction;
    2. coverage underwritten by any regulatory agency’s compensation scheme;
    3. custody of your Seed Phrase, Private Keys, crypto-tokens or the ability to remove or freeze your crypto-tokens, i.e. a Salt Account is a Self-Custodial wallet;
    4. the storage or transmission of fiat currencies;
    5. back-up services to recover your Seed Phrase or Private Keys, for whose safekeeping you are solely responsible; Salt has no means to recover your access to your crypto-tokens, when you lose access to your Salt Account;
    6. any form of legal, financial, investment, accounting, tax or other professional advice regarding our Services or Activities you undertake and their suitability to you;
    7. the responsibility to monitor authorized transactions or to check the correctness or completeness of transactions before you are authorizing them;
    8. notifications about events occurring in or connection with your Salt Account;
    9. recovery of digital assets in your Salt Accounts;
    10. flagging malicious transactions; or
    11. issuance of any crypto-tokens and any related functionalities or reward programs.

User Acknowledgements

You acknowledge and agree that:

  • Salt Platform Suite is a new software platform that utilizes a new and untested approach to decentralized cryptographic key generation and threshold cryptography and may fail;
  • all crypto-token balances deposited into Salt Accounts may be lost due to vulnerabilities in the Salt Platform Suite or any underlying technology providers, implementation, or security practices;
  • at all times you are solely responsible for your own security, including Private Keys, wallet access, and recovery methods, and any loss or interception may result in permanent loss of access to your crypto-tokens;
  • we do not facilitate recovery, freeze transactions, or provide financial guarantees
  • once a transaction is committed to the blockchain, it is final and irreversible and there is no possibility to refund crypto-tokens that have been spent or otherwise transferred;
  • we will comply with law enforcement requests that are legal under Australian Law and where we are capable of doing so;
  • you understand the inherent risks of cryptographic and blockchain-based systems and the high volatility of crypto-token markets;
  • you are solely responsible for complying with any laws, tax obligations, regulations, and financial disclosures based on your jurisdiction; and
  • if you become aware of any exploits, bugs or vulnerabilities, you must refrain from exploiting these for personal gain and contact salt@salt.space without delay.

Limitation of Liability

  1. To the maximum extent permitted by law, under no circumstances shall we, our affiliates, directors, employees, agents, partners, or licensors be liable to you or any third party for any direct, indirect, incidental, special, consequential, exemplary, or punitive damages whatsoever, including but not limited to damages for loss of profits, data, or other intangible losses, arising out of or related to your use of, or inability to use, the Salt Platform Suite, even if we have been advised of the possibility of such damages.
  2. Nothing in these Salt Platform Suite Terms limits or excludes any liability that cannot be limited or excluded by law.

Data Collection, Privacy, and User Consent

  1. We do not collect personal information in the provision of our Services.
  2. Where personal information is sent to us, such as by a user providing feedback to salt@salt.space, you consent to our collection, storage and use of your data in accordance with our Privacy Policy.
  3. We are committed to respecting your privacy and handling your information. We do not collect or store your Private Keys or Seed Phrases.
  4. Some non-personal data (like crash reports or anonymized usage statistics) may be shared with analytics/protection providers to improve app performance and user security.

Prohibited Uses

  1. The Salt Platform Suite must not be used for any unlawful purpose including money laundering, terrorist financing, sanctions evasion, fraudulent schemes, or schemes designed to manipulate or exploit the Salt Platform Suite in unintended ways.

Third-party Add-on Services

  1. You may be able to access third-party services via the Salt Platform Suite, such as staking services, risk management services, DeFi services, or asset management services. Your access to and use of any third-party services is subject to the applicable third party’s terms of use and privacy policies, including any third party policies with respect to sanctions or other laws that may prohibit your access to and use of their services.
  2. At all times, you remain responsible for seeking your own independent and professional advice about your use of any third-party services via or independently of the Salt Platform Suite.
  3. Access to third-party services via the Salt Platform Suite is provided for convenience only and may not be maintained.
  4. Unless expressly stated otherwise, we do not endorse and are not responsible for the services offered or provided by third-parties via the Salt Platform Suite and have no control over them.
  5. We have not conducted any security audit, bug bounty or formal verification (whether internal or external) of any third-party services. We do not guarantee that any third-party service provider will continue to maintain or support their software, their products, or continue to provide the same offerings.

Fees

  1. You are responsible for payment of any blockchain network or third-party fees to use our Services or undertake Activities via the Salt Platform Suite.
  2. Salt has no control over the fees charged by third-parties, or any blockchain networks you interact with.
  3. Salt may charge fees, or change fees at any time. Fees charged by Salt will be communicated to users in due time before taking effect.

Indemnity

  1. You agree to indemnify, defend, and hold harmless Salt, Kagami Digital Pty Ltd, its affiliates, directors, employees, agents and partners from and against any and all claims, liabilities, damages, losses, costs or expenses (including reasonable legal fees) arising out of or in connection with:
    • your use or misuse of Salt;
    • your violation of these Salt Platform Suite Terms;
    • your breach of any applicable law or regulation;
    • your violation of any rights of a third party.

Severability

  1. If any provision of these Salt Platform Suite Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

Governing Law

  1. Your use of the Salt Platform Suite and these Salt Platform Suite Terms are governed by the laws of New South Wales, Australia.

Dispute Resolution

  1. Before commencing any legal proceedings arising from or relating to these Salt Platform Suite Terms, you agree to first attempt to resolve the dispute informally and in good faith. If a resolution is not reached within ninety (90) days, either party may then seek resolution through the courts of New South Wales, Australia.

Definitions

  1. For the purposes of these Salt Platform Suite Terms:
Self-Custodial
You, and only you, have control of your Private Keys and crypto-tokens; Salt does not have access to or custody of your crypto-tokens or Private Keys.
Private Key
The unique cryptographic key which authorizes control over a balance of crypto-tokens represented at a public address of a blockchain. The Private Key must be kept private to maintain your exclusive ability to deal with your balance/s of crypto-tokens.
Seed Phrase
A sequence of words used to recover access to a wallet and its Private Keys.
Organisation
Any entity or group created via Salt for managing digital assets, and any collaborators within that group.
Salt Platform Suite
The combined suite of the following software:
  • Salt Web Application
  • Salt Account Orchestration Smart Contracts
  • Salt Robo Guardian Infrastructure
  • Salt APIs
  • Salt SDK
  • Fund Removal Application
Salt Web Application
The Salt application hosted at https://app.salt.space which includes a front end browser application with a server side policy and wallet engine
Salt Account Orchestration Smart Contracts
Smart contracts that are created when a new Salt Account is launched. Each Salt Account has its own smart contract instance. Their purpose is to:
  • hold important cryptographic material for each underlying Salt Account signer;
  • act as a communication medium between underlying signers on the Salt Account.
Salt Robo Guardian Infrastructure
Self-custodial signer that holds some key material for every Salt Account that an organisation has created. The codebase for this infrastructure is publicly available software and maintained by Kagami Digital Pty Ltd. It can be hosted on a variety of cloud and physical hardware platforms that support Ubuntu Linux. Whilst Salt provides both documentation/guides along with recommended tooling to use, the hosting decisions are ultimately up to each organisation. Each organisation is entirely responsible for their own robo guardian (colloquially referred to as “robo”, “robos” or “robo guardians” on Salt Socials).
Salt APIs
RESTful API layer used to communicate with;
  • users via their web browser
  • asset management agents
  • third parties offering services to Salt.
Salt SDK
Javascript package for integration of Salt platform by third parties. It is offered in addition to the API layer to increase integration speed and reliability.
Fund Removal Application
NodeJS application independent of the Salt Web Application itself. It is designed to be downloaded and run locally in a fully self contained fashion and does not rely on infrastructure provided by Salt. It facilitates the transfer of digital assets out of Salt wallets in order to reduce the risk of asset loss in the event of Salt business failure.
Website
The website that is hosted at https://salt.space, including the linked Salt documentation.
Website Terms
The terms linked from the Website (https://salt.space)
Salt Socials
  • Blog
  • X
  • YouTube
  • Discord
  • Telegram
  • Official Salt Social URLs can be found at https://salt.space
Salt Account
A blockchain based, EVM externally-owned account (EOA) that is controlled by multiple underlying signers, each with their own individual EOA. The underlying signers participate in cryptography techniques to produce valid signatures for blockchain based transactions.
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