Terms of Service

1. Acceptance of Terms

By accessing or using Xochi ("Service," "Platform," or "we"), you agree to be bound by these Terms and Conditions. If you do not agree, do not use the Service.

You must be at least 18 years of age and legally capable of entering into binding contracts in your jurisdiction.

2. Description of Services

Xochi provides a private decentralized exchange (dark pool) frontend for cross-chain token swaps. You sign an intent, competing solvers bid to fill it, and settlement happens on-chain. Services include market orders, limit orders, FX trading, and configurable privacy levels from Open to Sovereign.

Settlement types include public (standard L1), stealth smart accounts (gasless claim via account abstraction), and Aztec L2 shielded notes (when available).

3. No Custody

Xochi does not take custody of your assets at any time. All trades are executed through non-custodial smart contracts and third-party solvers. You retain full control of your assets until a transaction is signed and broadcast.

You are solely responsible for maintaining the security of your wallet private keys and seed phrases, and for all activity conducted through your connected wallet.

4. Trust Score

The Service offers optional identity verification through third-party providers to establish a Trust Score. Verified users receive reduced trading fees (0.12% - 0.40% based on tier and asset) and access to enhanced privacy features.

We store only credential hashes, not personally identifying information. Verification occurs via zero-knowledge circuits client-side.

5. Trading and Execution

Trades are executed through an intent-based system: you submit a signed intent, competing solvers bid to fill your order, and the best-priced solver executes your trade.

Price quotes are indicative and subject to change. Final execution prices may differ due to market movement, slippage, or solver availability. Transactions may fail due to insufficient balance, price movement, or network issues.

6. Fees

Trading fees range from 0.12% to 0.40% based on your Trust Tier and asset. There is no additive privacy premium: privacy level is gated by trust score, not separately priced. Higher trust earns both deeper privacy access and lower fees. FX trading fees are 0.02% to 0.08% based on size.

You are responsible for all blockchain network fees (gas). We reserve the right to modify fee structures with 30 days' advance notice.

7. Privacy Levels

Privacy features rely on cryptographic techniques and the Aztec Network. We do not guarantee absolute privacy. Sophisticated analysis, timing attacks, or compromised infrastructure may reveal transaction information.

Notwithstanding your selected privacy level, we may be required to disclose information to regulators or law enforcement pursuant to valid legal process.

8. Prohibited Activities

You agree not to use the Service for money laundering, terrorist financing, sanctions evasion, market manipulation, wash trading, structuring to evade reporting thresholds, or any other unlawful purpose.

9. Restricted Jurisdictions

The Service is not available to residents of Cuba, Iran, North Korea, Syria, Crimea, Donetsk, Luhansk, or any jurisdiction subject to comprehensive US, EU, or UN sanctions. Use of VPNs to circumvent restrictions is prohibited.

10. Risk Disclosures

Cryptocurrency markets are highly volatile. The Service relies on smart contracts that may contain bugs, vulnerabilities, or be subject to exploits. Third-party protocols may experience failures or discontinuation.

Nothing in the Service constitutes investment, legal, tax, or financial advice. Consult qualified professionals before making financial decisions.

11. Limitation of Liability

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES.

Our total liability shall not exceed the greater of fees paid by you in the twelve months preceding a claim, or one hundred US dollars ($100).

12. Dispute Resolution

Disputes shall be resolved by binding arbitration under ICC Rules, seated in Geneva, Switzerland, conducted in English. You waive any right to participate in a class action.

These Terms are governed by the laws of the State of Wyoming, United States.

13. Contact

For questions about these Terms, contact us at [email protected]