Terms of Service

These Terms of Service ("Terms") govern your use of the Herman Development Depository ("HDD", "TIPMAS MINES") platform, including its web application, mobile application, API, and all related services. By creating an account or using any of our services, you agree to be bound by these Terms.

1. Definitions

• "Platform" refers to the HDD/TIPMAS MINES digital depository ecosystem.
• "User" refers to any individual who registers an account on the Platform.
• "MOL" and "CARO" are the native digital tokens of the TIPMAS blockchain.
• "Merchant" refers to an authorized partner facilitating fiat-to-crypto trades.
• "Mining Contract" refers to a time-locked staking agreement for MOL or CARO tokens.

2. Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts. You must not be a resident of a sanctioned jurisdiction, nor appear on any sanctions or watchlist. You are responsible for ensuring that your use of the Platform complies with the laws of your jurisdiction.

3. Account Registration & KYC

• You must provide accurate, complete, and current information during registration.
• You must complete identity verification (KYC) before accessing trading, withdrawal, and high-value features.
• You are responsible for keeping your credentials, passkeys, and 2FA codes secure.
• You may maintain only one account. Duplicate accounts will be merged or closed.
• We reserve the right to suspend or close accounts that fail KYC verification or are flagged by our risk engine.

4. Depository Services

HDD provides digital depository services including wallet management, deposits, withdrawals, transfers, and currency conversion. All balances are backed by treasury reserves as reflected in our daily treasury snapshots. Fiat deposits are processed through authorized merchants, mobile money operators, banks, or card payment processors (Stripe).

5. Mining Contracts

• Mining contracts lock your tokens for a specified duration in exchange for rewards.
• Reward percentages are estimates based on platform performance and market conditions.
• Locked tokens cannot be withdrawn until the contract matures, unless early-exit conditions apply.
• We reserve the right to adjust reward rates for future contracts based on treasury health.

6. P2P Trading

The Platform facilitates peer-to-peer (P2P) trading between users and merchants. Crypto assets are held in escrow during trades. Fiat payments are settled directly between the buyer and seller. We are not a party to the fiat transaction and are not liable for fiat payment failures. Disputes may be raised through our dispute resolution system.

7. Fees

We charge fees for certain services including withdrawals, currency conversion, P2P trades (merchant commission), and card transactions. Current fee schedules are displayed within the Platform. We may update fees with reasonable notice.

8. Prohibited Activities

You agree not to:

• Use the Platform for money laundering, terrorism financing, or other illegal activities.
• Attempt to manipulate market prices, mining rewards, or the risk engine.
• Create multiple accounts to abuse referral bonuses or promotional offers.
• Reverse, chargeback, or dispute legitimate fiat payments after crypto has been released.
• Attempt to access other users' data, accounts, or wallets.
• Use automated tools (bots, scrapers) to access the Platform without authorization.
• Exploit bugs, vulnerabilities, or errors in the Platform's code.

9. Card Services (UHD Cards)

UHD card services are subject to separate cardholder agreements. Cards are issued by partner financial institutions. Card fees, limits, and usage terms are displayed within the Platform. Lost or stolen cards must be reported immediately through the Platform.

10. Risk Disclosure

Digital assets are subject to high market volatility. The value of MOL, CARO, USDT, and other cryptocurrencies can fluctuate significantly. Mining rewards are not guaranteed. You may lose some or all of your investment. You should only invest what you can afford to lose. We do not provide financial advice.

11. Emergency Pause

We reserve the right to activate an emergency pause on withdrawals, transfers, or all platform operations in the event of a security incident, suspected fraud, or regulatory requirement. Resuming operations requires multi-signature approval from authorized administrators.

12. Limitation of Liability

To the maximum extent permitted by law, HDD and its affiliates (including Synapse IT and G-24Cs) shall not be liable for indirect, incidental, or consequential damages, including loss of profits, arising from your use of the Platform. Our total liability shall not exceed the fees you have paid to us in the preceding 12 months.

13. Account Closure & Data Deletion

You may request account closure and data deletion through the GDPR & Data Rights Center. Certain data will be retained for the period required by law (minimum 7 years for financial records). Blockchain transactions are immutable and cannot be deleted.

14. Governing Law & Dispute Resolution

These Terms are governed by the laws of the Republic of Uganda. Disputes shall first be resolved through good-faith negotiation. Unresolved disputes shall be submitted to arbitration in Kampala, Uganda, under the Arbitration and Conciliation Act.

15. Changes to These Terms

We may update these Terms at any time. We will notify you of material changes via email or in-app notification at least 30 days before they take effect. Continued use after the effective date constitutes acceptance.

16. Contact

For questions about these Terms, please contact us.