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Terms of Service

Terms of Service

Last updated: January 2025

1. Acceptance of Terms

By accessing or using the Floating Point Protocol ("FPP", "Protocol", "we", "our"), you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the Protocol.

2. Description of Service

FPP is a decentralized privacy-preserving payment protocol built on the Ethereum blockchain. The Protocol allows users to:

  • Deposit USDT to mint Floating Points (FP)
  • Transfer FP privately using zero-knowledge proofs and ring signatures
  • Redeem FP for USDT (subject to a 24-hour timelock)

3. Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts to use the Protocol. By using FPP, you represent and warrant that you meet these requirements and are not prohibited from using the Protocol under the laws of your jurisdiction.

4. Risks

You acknowledge and accept the following risks:

  • Smart contract vulnerabilities may result in loss of funds
  • Cryptocurrency values are volatile
  • Private key loss results in permanent loss of access to funds
  • Regulatory changes may affect the Protocol's availability
  • Network congestion may delay transactions

5. Prohibited Uses

You agree not to use the Protocol for:

  • Money laundering or terrorist financing
  • Circumventing sanctions or export controls
  • Any illegal activity under applicable law
  • Attempting to exploit or attack the Protocol

6. Disclaimer of Warranties

THE PROTOCOL IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. WE DO NOT GUARANTEE UNINTERRUPTED ACCESS, ERROR-FREE OPERATION, OR THAT THE PROTOCOL WILL MEET YOUR REQUIREMENTS.

7. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES.

8. Contact

For questions about these Terms, please contact us at legal@fpp.protocol