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Wavist Terms of Service

• Last Updated: May 31, 2025

These terms of service, together with any documents and additional terms they expressly incorporate by reference, which includes any other terms and conditions or other agreement that Witchverse Inc., a limited liability company ("Witchverse", "WITCH", "we", "us" and "our") posts publicly or makes available to you or the company or other legal entity you represent ("you" or "your") (collectively, these "Terms"), are entered into between WITCH and you concerning your use of, and access to, WITCH's websites, including wavist.io, and WITCH's web applications, mobile applications and all associated sites linked thereto by WITCH or its affiliates (collectively, the "Platform") as well as materials, features and investment-related services made available therein (collectively, the "Services").

These terms consist of the general terms and conditions applicable to your use of the Platform and the Services (the "General Terms"). Unless otherwise specified, all references to Sections in these Terms refer to the General Terms.

By clicking "I agree" (or using similar confirmation), creating an account, or otherwise accessing or using the Platform, you agree to be bound by these Terms and acknowledge that you have read and understood our [Privacy Policy] and any applicable disclaimers. IF YOU DO NOT AGREE TO THESE TERMS, YOU MUST NOT ACCESS OR USE THE PLATFORM.

These Terms contain important legal provisions, including limitations of liability and a mandatory dispute resolution process. Please read these terms carefully. These terms contain an arbitration clause. Except for certain types of disputes mentioned in the arbitration clause, you and Witchverse agree that disputes relating to these Terms or your use of our Platform or Services will be resolved by mandatory binding arbitration, and you waive any right to participate in a class-action lawsuit or class-wide arbitration.

Section 1 (Modifications to These Terms)
We may update or modify these Terms from time to time at our sole discretion. If we make material changes, we will notify you by updating the "Last Updated" date at the top of this page and, where appropriate, by providing notice through the Platform or the Services.
Unless otherwise stated, such changes will take effect immediately upon posting. Your continued access to or use of the Platform after any changes are posted constitutes your acceptance of the updated Terms. If you do not agree to the modified Terms, you must stop using the Platform and Services.
Section 2 (Use of Services)

2.1 The Services

The Platform provides access to various features, interfaces, and informational resources operated by Witchverse or its affiliates, subject to your eligibility and successful completion of Witchverse's onboarding process, including identity verification and any other requirements we may impose from time to time. Access to certain features may be limited or conditioned based on regulatory, technical, or operational considerations. Collectively, these features and functionalities are referred to as the "Services."

2.2 Conditions for Use

As a condition to accessing or using the Platform or the Services, you represent and warrant to Witchverse that:


  • 2.2.1 If you are entering into these Terms as an individual, you are of legal age in your jurisdiction of residence and have the legal capacity to enter into binding agreements; and if you are acting on behalf of an entity, you are authorized to accept these Terms on that entity's behalf.
  • 2.2.2 You are not a resident of, or located in, any jurisdiction that is subject to trade restrictions or sanctions.
  • 2.2.3 You are not identified on any list of prohibited or restricted parties by any sanctioning authority.
  • 2.2.4 You will not use any tools (e.g., VPNs) to obscure your location or circumvent access restrictions.
  • 2.2.5 Your use will comply with all applicable laws and will not support unlawful or unauthorized activity.
  • 2.2.6 Age Restriction and Parental Consent: Only individuals at least 18 years old or the age of majority in your region may use the Platform. Parental consent is required for minors.

2.3 Acknowledgements

By accessing or using the Platform or Services, you agree and acknowledge that:


  • 2.3.1 Services may be temporarily inaccessible due to various reasons beyond control.
  • 2.3.2 Access may be restricted or terminated without notice if terms are violated.
  • 2.3.3 Services may be modified or discontinued at WITCH's sole discretion.
  • 2.3.4 Content is for informational purposes only and not financial advice.
  • 2.3.5 Witchverse is not acting as an agent, broker, or fiduciary.
  • 2.3.6 You are responsible for your own decisions and actions.
  • 2.3.7 WITCH disclaims fiduciary duties to the fullest extent allowed.
  • 2.3.8 You are responsible for your own tax obligations.
  • 2.3.9 WITCH is not responsible for third-party interactions resulting from Platform use.

2.4 User Covenants

By using the Platform, you agree to:


  • 2.4.1 Only use the Platform with legally obtained funds or assets.
  • 2.4.2 Comply with applicable laws and not use the Platform where prohibited.
  • 2.4.3 Not engage in or promote unlawful or fraudulent activity.
  • 2.4.4 Provide accurate and up-to-date registration information.
  • 2.4.5 Maintain the security and confidentiality of your credentials; you are responsible for all activity under your account.
Section 3. Fees and Network Costs
In connection with your use of certain features of the Services, including interactions involving blockchain-based components, you may be required to pay fees such as network transaction costs (e.g., gas fees), processing fees, or other applicable charges.
Where applicable, any fee estimates shown on the Platform are for informational purposes only and may differ from the actual fees incurred. You are solely responsible for any such costs, and we are not liable for any discrepancies between estimated and actual fees.
Section 4. Refunds and Refund Credits

4.1 General Policy

All payments made through the Platform are generally non-refundable, except as expressly provided in these Terms or as required by applicable law. Due to the nature of blockchain transactions and digital assets, completed transactions are typically irreversible.

4.2 Refund Requests

If you believe that a transaction was made in error, or if you did not receive a Service or feature for which you were charged, you may submit a written refund request to contact@wavist.io within fourteen (14) days of the transaction date. Your request must include your full legal name, account information, transaction details, and a clear description of the issue.

4.3 Evaluation and Credits

Upon receipt of a timely refund request, Witchverse will review your submission and, at our sole discretion, may grant a refund or issue a refund credit to your account. Refunds may be processed either to your original payment method or as a credit that can be applied to future eligible transactions on the Platform, depending on technical and regulatory constraints.

4.4 Limitations

Refund credits have no cash value, are non-transferable, and may expire if not used within the period specified at issuance. If we determine, in our sole discretion, that you are abusing the refund policy, we may deny your request, restrict future refunds, suspend your account, or take other appropriate action.

4.5 No Refunds for Certain Transactions

Except as required by law, we do not provide refunds for completed blockchain transactions, network or processing fees, or for Services that have been delivered or consumed.

Section 5. No Professional Advice or Fiduciary Duties
Unless expressly stated otherwise, all content and materials provided through the Platform or the Services are for general informational purposes only and do not constitute legal, financial, investment, or other professional advice. You should not make decisions based on any content made available through the Platform, including blog posts, articles, third-party links, tutorials, social media content, or other materials. Before making any financial, legal, or other decisions involving the Services, you should consult with a qualified professional who is licensed to provide such advice in your jurisdiction.
Nothing in these Terms creates or imposes any fiduciary duties on Witchverse. You agree that the only duties and obligations we owe to you are those expressly set forth in these Terms.
Section 6. Prohibited Activity
You may not use the Platform or the Services to engage in any activity that falls within the categories described below (“Prohibited Uses”). The following list is illustrative and not exhaustive. If you are unsure whether your intended use constitutes a Prohibited Use, please contact us. By accessing or using the Platform, you agree not to:
6.1Violate any applicable law or regulation, including anti-money laundering, counter-terrorist financing, or sanctions administered by authorities such as the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC).
6.2Engage in infringing or unauthorized use of intellectual property, or use WITCH's trademarks without permission, or falsely imply endorsement.
6.3Interfere with, disrupt, or negatively affect others' access to or enjoyment of the Platform, or damage its functionality/security.
6.4Engage in manipulative or deceptive practices related to markets, such as spoofing or wash trading.
6.5Bypass or attempt to bypass access restrictions or security measures (e.g., using VPNs).
6.6Use automated tools (bots, crawlers, scrapers) or introduce malicious code such as viruses or worms.
6.7Provide false information, impersonate others, or commit fraud against WITCH or others.
6.8Transmit or receive assets linked to criminal activity, tax evasion, or terrorism.
6.9Engage in abusive, threatening, defamatory, discriminatory, or otherwise harmful behavior.
6.10Use the Platform from any jurisdiction WITCH has designated as prohibited.
6.11Harass, abuse, or harm others including employees or partners of WITCH.
6.12Encourage or assist others in engaging in any prohibited activities under these Terms.
Section 7. Content
By submitting, posting, or otherwise making available content, feedback, suggestions, proposals, or bug reports ("User Content") available through the Platform or the Services, you hereby grant to us a royalty-free, fully paid-up, sublicensable, transferable, perpetual, irrevocable, non-exclusive, worldwide license to use, copy, modify, create derivative works of, display, perform, publish, and distribute such content in any form, medium, or manner, including, without limitation, for the purpose of promoting Witchverse, its affiliates, the Platform, or the Services.
You represent and warrant that:
  • you own User Content or otherwise have the legal right to grant the rights and licenses described in these Terms;
  • User Content, and our use of it in accordance with these Terms, does not and will not infringe, misappropriate, or violate the rights of any third party;
  • If you provide feedback, suggestions, or proposals regarding the Platform or Services, you acknowledge that Witchverse may use such feedback for any purpose without obligation or compensation to you; and
  • If you post or share User Content on the Platform in connection with a sponsored arrangement or paid partnership, you will clearly disclose the nature of such relationship in compliance with applicable laws and regulations.
Section 8. Proprietary Rights
All names, logos, and other trademarks used on the Platform or in connection with the Services are the property of Witchverse, its affiliates, or its licensors. You may not copy, imitate, or use them without prior written permission from Witchverse or the applicable rights holder. These Terms do not grant you any rights or licenses to those trademarks. You may not remove, obscure, or alter any legal or proprietary notices displayed on the Platform or in connection with the Services.
Section 9. Third-Party Services
The Services may include access to, or interaction with, third-party websites, applications, resources, or services that are not owned or controlled by Witchverse (“Third-Party Services”). These may include, for example, crypto wallet providers or blockchain networks.
We are not responsible for the availability, content, or performance of any Third-Party Services, and we do not endorse or assume any liability for their use. Your access to and use of any Third-Party Service is at your own risk and is governed by that third party's terms and policies. You agree that Witchverse is not liable for any loss or damage arising from your use of or reliance on any Third-Party Service.
Section 10. Modification, Suspension, and Termination
We may modify, suspend, or terminate the Services, in whole or in part, at any time and for any reason, with or without notice to you. Upon termination of your access, your right to use the Services will immediately cease. We are not liable for any loss or damage arising from any modification, suspension, or termination of the Services or your access to them.
The provisions of Sections 8 through 18, and any others that by their nature should survive, will remain in effect after termination.
Section 11. Account Cancellation and Termination

11.1 User-Initiated Cancellation

You may cancel your Wavist account at any time by logging into your account, navigating to the "Account Settings" section, and selecting the "Cancel Account" option. Alternatively, you may submit a written cancellation request to contact@wavist.io from the email address associated with your account.

11.2 Processing and Outstanding Balances

Upon receipt of your cancellation request, Witchverse will process the termination of your account within ten (10) business days, unless there are outstanding balances or unresolved issues associated with your account. If outstanding balances exist, account termination may be delayed until such balances are settled. You will be notified of any such balances.

11.3 Effect of Cancellation

Upon cancellation or termination of your account, your right to access and use the Platform and Services will immediately cease, and you may lose access to any information or content associated with your account, subject to our Privacy Policy and applicable law.

Section 12. Assumption of Risks
By using the Services, you acknowledge and agree that:

12.1

You understand and accept the inherent risks associated with blockchain networks, digital assets, and technologies related to cryptographic systems. This includes risks of software bugs, network disruptions, protocol changes (e.g., forks), and regulatory uncertainty.

12.2

Witchverse does not control the underlying blockchain networks and is not responsible for their functionality, security, or availability. Use of any blockchain-based functionality is at your own risk.

12.3

The value of digital assets can be volatile, and transactions may be irreversible. You are solely responsible for understanding the risks of any digital asset or interaction facilitated by the Services.

12.4

You are responsible for complying with any legal, tax, or regulatory obligations that may apply to your use of the Services, including any that may arise without prior notice.

12.5

All decisions related to your use of the Platform or the Services are made at your own discretion. Witchverse makes no guarantees regarding the accuracy or completeness of information presented through the Platform and accepts no liability for any resulting losses.

12.6

By using the Services, you agree to assume all related risks and irrevocably waive and release Witchverse and its affiliates from any and all liability related to such risks.

Section 13. Indemnification

You agree to defend, indemnify, and hold harmless Witchverse, its affiliates, and their respective shareholders, members, directors, officers, employees, agents, representatives, suppliers, and contractors (collectively, "Indemnified Parties") from and against any claims, demands, actions, proceedings, investigations, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising out of or related to:

  • (a) your use of or conduct in connection with the Platform or the Services;
  • (b) any blockchain address or digital asset associated with your account or interactions;
  • (c) any content or feedback you provide through the Platform;
  • (d) your violation of these Terms; or
  • (e) your infringement or misappropriation of the rights of any other person or entity.

If you are obligated to indemnify any Indemnified Party, Witchverse (or, at its discretion, the applicable Indemnified Party) may control the defense and settlement of the applicable claim, and you agree to cooperate with such defense.

Section 14. Disclaimers
Witchverse IS A DEVELOPER AND PROVIDER OF SOFTWARE. WE DO NOT OPERATE A DIGITAL ASSET EXCHANGE, TRADING PLATFORM, OR CLEARING SERVICE. ANY TRANSACTIONS INVOLVING BLOCKCHAIN-BASED ASSETS THAT MAY OCCUR THROUGH THE PLATFORM ARE CONDUCTED DIRECTLY BETWEEN USERS AND EXTERNAL BLOCKCHAIN NETWORKS, AND WE HAVE NO OVERSIGHT, INVOLVEMENT, OR CONTROL OVER SUCH TRANSACTIONS.
YOU ARE SOLELY RESPONSIBLE FOR COMPLYING WITH ALL APPLICABLE LAWS, INCLUDING BUT NOT LIMITED TO SECURITIES, COMMODITIES, TAX, AND ANTI-MONEY LAUNDERING REGULATIONS THAT MAY GOVERN YOUR USE OF THE SERVICES. YOU ACKNOWLEDGE THAT Witchverse IS NOT REGISTERED OR LICENSED WITH ANY FINANCIAL REGULATORY AUTHORITY, INCLUDING BUT NOT LIMITED TO THE SEC, THE CFTC, OR EQUIVALENT AUTHORITIES IN ANY JURISDICTION.
WE DO NOT OWN OR CONTROL ANY BLOCKCHAIN PROTOCOL. BLOCKCHAIN PROTOCOLS SUCH AS ETHEREUM ARE OPEN SOURCE AND MAY BE MODIFIED, INTERRUPTED, OR MADE UNAVAILABLE WITHOUT NOTICE. Witchverse MAKES NO GUARANTEES ABOUT THEIR SECURITY, FUNCTIONALITY, OR CONTINUED AVAILABILITY.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE PLATFORM AND THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DISCLAIM ALL WARRANTIES OR CONDITIONS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, ACCURACY, RELIABILITY, OR NON-INFRINGEMENT.
WE DO NOT WARRANT THAT THE PLATFORM OR SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. WE ARE NOT RESPONSIBLE FOR ANY LOSS OR CORRUPTION OF DATA, SYSTEM FAILURES, OR OTHER INTERRUPTIONS THAT MAY RESULT FROM CAUSES BEYOND OUR CONTROL, INCLUDING BUT NOT LIMITED TO CYBERATTACKS, THIRD-PARTY ERRORS, FORCE MAJEURE EVENTS, OR NETWORK OUTAGES.
CERTAIN DISCLAIMERS IN THIS SECTION MAY NOT APPLY IF PROHIBITED BY THE LAWS OF YOUR JURISDICTION. FOR ADDITIONAL INFORMATION, PLEASE REFER TO OUR SEPARATE [DISCLAIMERS] DOCUMENT.
Section 15. Limitation of Liability
IN NO EVENT SHALL Witchverse'S AGGREGATE LIABILITY (TOGETHER WITH ITS AFFILIATES, INCLUDING THEIR RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, MANAGERS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS, REPRESENTATIVES, SUPPLIERS, OR CONTRACTORS) ARISING OUT OF OR IN CONNECTION WITH THE PLATFORM OR THE SERVICES (INCLUDING ANY CONTENT OR FUNCTIONALITY), ANY PERFORMANCE OR NONPERFORMANCE OF THE SERVICES, OR ANY DIGITAL ASSETS, EXCEED THE LESSER OF (A) US $50 OR (B) THE TOTAL AMOUNT OF FEES PAID BY YOU TO WITCHVERSE UNDER THESE TERMS IN THE TWELVE (12) MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
THIS LIMITATION APPLIES REGARDLESS OF THE THEORY OF LIABILITY, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, STATUTE, OR OTHERWISE, EXCEPT TO THE EXTENT OF A FINAL JUDICIAL DETERMINATION THAT SUCH DAMAGES WERE THE RESULT OF Witchverse'S GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT, OR INTENTIONAL VIOLATION OF APPLICABLE LAW.
Section 16. Consumer Protections and Dispute Resolution

16.1 Service Issues and Complaints

If you experience a service outage, failed transaction, or other issue with the Platform or Services, you may contact us at contact@wavist.io. We will make reasonable efforts to address your complaint in a timely manner.

16.2 Dispute Resolution

In addition to the arbitration provisions in Section 17, you may submit complaints or disputes regarding the Services to contact@wavist.io. We may request additional information to investigate your claim and will notify you of the outcome.

16.3 No Guarantee of Recourse

While we endeavor to resolve issues fairly, nothing in these Terms guarantees a particular remedy or outcome, except as required by applicable law.

Section 17. Dispute Resolution & Arbitration

17.1 PLEASE READ THIS SECTION CAREFULLY. IT REQUIRES YOU TO RESOLVE MOST DISPUTES WITH Witchverse THROUGH INDIVIDUAL BINDING ARBITRATION AND LIMITS YOUR ABILITY TO BRING CLAIMS IN COURT.

This Section applies to any dispute, controversy, or claim between you and Witchverse that arises out of or relates to: (a) these Terms; (b) your use of or access to the Platform or the Services; or (c) any other aspect of your relationship with Witchverse (each, a "Claim"). You agree to resolve any such Claims solely through individual arbitration and not as part of a class, collective, or representative action.

17.2 Right to Opt Out.

You may opt out of this Arbitration Provision by sending written notice to contact@wavist.io within thirty (30) days of first accepting these Terms. Your notice must include your full legal name, mailing address, and a clear statement of your decision to opt out. Opting out does not affect the remainder of these Terms.

17.3 Informal Dispute Resolution and Arbitration.

This Agreement shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict of law principles. Before initiating arbitration, you agree to attempt to resolve any Claim informally by contacting contact@wavist.io. If unresolved within sixty (60) days, the dispute shall be finally resolved by binding arbitration administered by the Korean Commercial Arbitration Board (KCAB) under its International Arbitration Rules. The seat of arbitration shall be Seoul, Republic of Korea, and the language of arbitration shall be English. Each party shall bear its own legal fees and costs. Judgment on the award may be entered in any court of competent jurisdiction.

17.4 Class Action and Jury Trial Waiver.

All claims must be brought on an individual basis. You and Witchverse waive the right to participate in a class action, collective action, or representative proceeding of any kind.

17.5 Equitable Relief and Exceptions.

This Arbitration Provision does not prevent Witchverse from seeking injunctive or equitable relief in court to protect its confidential information, intellectual property rights, or data security. You may also bring individual claims in small claims court, provided they qualify and remain on a non-class basis.

17.6 Severability.

If any part of this Section is found unenforceable, that part shall be severed. Remaining provisions shall continue to apply. If class or representative claims must proceed, they shall do so in a civil court located in United States, and shall be stayed pending resolution of any individual arbitration.

Section 18. General Information

18.1 Privacy Policy

Please refer to our [Privacy Policy] for information on how we collect, use, share, and otherwise process your personal data. You agree not to upload, transmit, or otherwise make available through the Platform or Services any sensitive personal information, including but not limited to:

  • health or medical data,
  • biometric data,
  • financial account numbers,
  • government-issued identification numbers, or
  • personal information of children under applicable child data protection laws.

For details on how we collect, use, and protect your personal information, please refer to our [Privacy Policy].

18.2 Consent to Electronic Delivery

You consent to receive all communications, agreements, documents, receipts, notices, and disclosures electronically ("Communications"). We may provide such Communications by posting them on the Platform or sending them to the email address you provided. You are responsible for keeping copies of these Communications. For questions or concerns, contact us at contact@wavist.io.

18.3 Remedies

Any right or remedy available to Witchverse under these Terms is cumulative and not exclusive of any other right or remedy under law or equity. Failure or delay in exercising any right shall not constitute a waiver of that right.

18.4 Severability

If any provision of these Terms is found to be invalid or unenforceable, that provision shall be severed, and the remaining provisions shall remain in full force and effect.

18.5 Force Majeure

Witchverse shall not be liable for any failure or delay in performance due to causes beyond its reasonable control, including natural disasters, war, terrorism, labor disputes, government action, power or Internet failures, or service provider outages.

18.6 Assignment

You may not assign or transfer your rights or obligations under these Terms without prior written consent. Witchverse may assign or transfer any or all of its rights and obligations under these Terms without notice or your consent.

18.7 Governing Law

These Terms and any dispute related to them shall be governed by the laws of the Republic of Panama, without regard to conflicts of law principles. The application of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded.

18.8 Headings

Section headings are for convenience only and shall not affect the interpretation of these Terms.

18.9 Entire Agreement

These Terms constitute the entire agreement between you and Witchverse with respect to the Platform and the Services, and supersede all prior or contemporaneous understandings. Any separate agreements related to your acquisition of digital assets or participation in specific offerings shall remain in effect unless they explicitly override these Terms.

18.10 Interpretation

In the event of any conflict between these Terms and any other agreement with us, these Terms will govern unless the other agreement specifically states otherwise.

18.11 No Third-Party Beneficiaries

Except as expressly stated herein, these Terms do not create any rights for, or enforceable by, any third party other than the Indemnified Parties.