TERMS OF USE

TON Wallet

Last update: 22^th July, 2025

These Terms of Use (the “Terms”) govern your access to and use of TON Wallet, including access to certain utilities and features offered by third parties, as further described below.

1. Introduction

• 1.1. TON Wallet is a self-custody solution supported by TON Space Ltd. It operates independently and is neither a subsidiary nor an affiliate of Telegram FZ-LLC.
• 1.2. TON Wallet is an interface that enables users to interact with The Open Network blockchain (“TON Blockchain”), a decentralized, peer-to-peer network maintained by independent third parties. TON Wallet does not own, control, or operate the TON blockchain and, therefore, cannot guarantee its availability, security, or functionality. We are not responsible for any issues or losses arising from the operation of the TON blockchain, including, but not limited to, delays, failures, or disruptions.
• 1.3. By accessing or using TON Wallet, you agree to be bound by these Terms along with the Privacy Policy referenced herein, which constitute a legally binding agreement between you (“you” or “User”) and us.
• 1.4. If you disagree with any part of these Terms, or if they conflict with the laws applicable in your country of residence or citizenship, you should not use TON Wallet.

2. RISK DISCLOSURE

• 2.1. TON Wallet is built on novel and rapidly evolving technologies, including the TON blockchain. Your use of TON Wallet involves heightened risks, including misuse of cryptographic tools (such as public/private keys) or failure to update software for protocol changes, such as changes to consensus mechanisms. By using TON Wallet, you expressly acknowledge and accept these risks. You represent that you have sufficient financial and technical expertise to understand the risks associated with blockchain technologies, digital assets, and protocol upgrades.

• 2.2. TON Wallet operates on the principle of user autonomy and responsibility. You agree and acknowledge that you are solely responsible for any actions you take within the TON Wallet, including but not limited to the management, storage, and transfer of your Digital Assets. You also acknowledge the inherent risks associated with self-custody and Digital Asset management, and accept that safeguarding your Digital Assets requires your full caution, diligence, and awareness.

• 2.3. You are solely responsible for any transaction or permission granted through cryptographic signatures, including in response to third-party prompts. You understand that social engineering scams, such as impersonation fraud schemes (e.g., so-called 'pig butchering'), pose a significant risk, and you bear full responsibility for engaging with third parties.

• 2.4. TON Wallet does not verify or guarantee the legitimacy of any third-party applications, smart contracts, or tokens.

• 2.5. You further acknowledge that digital assets involve market volatility, technical failures, regulatory uncertainty, and cybersecurity threats. Network fees and speeds may fluctuate and are outside TON Wallet’s control. Protocol upgrades may introduce bugs or vulnerabilities, potentially resulting in loss of functionality or Digital Assets.

• 2.6. TON Wallet does not control the functioning or transition of any blockchain protocol, including changes in consensus mechanisms. You bear full responsibility for all transactions and interactions with blockchain protocols and Digital Assets accessed via TON Wallet.

3. Eligibility

• By accessing TON Wallet, you represent and warrant that:

• 3.1. You are of legal age in your jurisdiction of residence and possess the legal capacity to consent to and be bound by these Terms;

• 3.2. You are not currently located or ordinarily resident in any of the Restricted Jurisdictions;

• 3.3. You are not using Tor (The Onion Router), virtual private networks (VPNs), or any other tools to misrepresent your IP address and/or geographic location;

• 3.4. You are not listed on Sanctions Lists; You comply with all applicable laws, rules, and regulations in your jurisdiction, and your use of TON Wallet is not prohibited by, and does not violate or facilitate the violation of, any such laws, regulations, or sanction regimes, nor does it contribute to or support any unlawful activity;

• 3.5. You are not a resident or citizen of jurisdictions where you are forbidden to access and use TON Wallet;

• 3.6. You confirm that you are using TON Wallet with legally obtained Digital Assets that rightfully belong to you.

• 3.7. You confirm that you are using TON Wallet with legally obtained Digital Assets that rightfully belong to you.

4. Your Responsibilities

• 4.1. You are solely responsible for all activities that occur in connection with your use of TON Wallet, regardless of whether such activities were authorized by you. We disclaim all liability for any unauthorized access to your account, including access resulting from phishing, fraud, or other criminal activity perpetrated by third parties. You must ensure that your use of TON Wallet complies with all applicable laws and regulations.

• 4.2. You are solely responsible for configuring and using TON Wallet in a secure manner. This includes taking all necessary steps to protect and back up your account, devices, and any data or Digital Assets associated with your use of TON Wallet. Security measures may include enabling encryption, storing Recovery Phrase offline, and maintaining up-to-date software. If you are unwilling or unable to manage your own account security, you should not use TON Wallet.

• 4.3. You must promptly install all available software updates or upgrades to ensure the secure and reliable use of TON Wallet. Please also make sure to store your Recovery Phrase and Passcode in a safe and secure manner. You acknowledge that storing Recovery Phrase digitally (whether on your personal device or in cloud storage) may increase the risk of compromise. If you have enabled a Backup, you must also maintain secure access to the associated accounts (such as your email or Telegram). You agree not to share your Recovery Phrase, Passcode, email and Telegram credentials with us or any third party, and you understand that we are not responsible for any loss resulting from such disclosure, whether intentional or inadvertent. For the avoidance of doubt, we assume no responsibility for any theft or compromise of credentials arising from unauthorized access to your personal device or any third-party storage system.

• 4.4. You agree and acknowledge that it is your sole responsibility to conduct your own research and due diligence before engaging in any activity involving Digital Assets using TON Wallet. This includes, but is not limited to, evaluating the legitimacy, legality, risks, and suitability of any third-party services, tokens, protocols, or projects. We do not endorse or guarantee the accuracy, reliability, or security of any external content or services that may be accessible through or interact with TON Wallet.

• 4.5. You agree not to use TON Wallet, and not to permit any third party to use TON Wallet, in any way that:

  • a. Violates or encourages the violation of any applicable law or the legal rights of others, including intellectual property rights;
  • b. Engages in phishing, impersonation, defamation, fraud, or the creation of deceptive or misleading schemes;
  • c. Intentionally distributes malware, viruses, Trojan horses, corrupted files, or other harmful or deceptive code;
  • d. Disrupts, interferes with, or impairs the operation of TON Wallet or the infrastructure of its users or partners;
  • e. Circumvents, disables, or interferes with any access controls, rate limits, usage thresholds, or other protective features of TON Wallet; or
  • g. Uses TON Wallet or its interfaces to improperly access any third-party service or product in violation of that service’s terms of use.

5. TON Wallet Solution

• 5.1. Self-custody solution: TON Wallet is a non-custodial wallet based on the TON blockchain (“Non-Custodial Wallet”). This means that TON Wallet operates solely as a user interface enabling you to access self-custody services that allow you to hold and manage your Digital Assets directly on the TON blockchain. When you create a TON Wallet, a TON blockchain wallet address and the associated private keys are generated locally on your device. TON Wallet does not store, retain, or have access to your private keys or Digital Assets. You retain sole responsibility, control, and ownership over your Digital Assets at all times. You agree and acknowledge that you (not TON Wallet) are solely responsible for safeguarding your private keys, and any other access credentials that grant access to your Digital Assets.

• 5.2. Private keys: Your wallet address is cryptographically linked to your private keys; together, they enable access to your Digital Assets and authorise the execution of transactions involving Digital Assets to and from that address.

• You may enable two methods of storing your private keys:

  • a. Recovery Phrase (Primary Method): The primary and most critical access method is your Recovery Phrase, which must be securely stored by you at all times. It is a set of 24 unique words that allows you to recover your wallet and the associated Digital Assets.
  • b. Encrypted Private Key Storage (Optional Method): Your private key may also be stored in encrypted form using a decentralised storage. The decryption key is stored locally on your device and is accessible only via your chosen Passcode or biometric authentication. Please note that TON Wallet does not have access to your Passcode or biometric data.

• You may also enable a Backup as an additional option for restoring access. If you lose your private keys and have not enabled a Backup, you will not be able to recover access to your Digital Assets. Please note that if you lose both your private keys and access to your Telegram account or device, Backup will not allow you to recover your private keys. You are solely responsible for securely storing your Recovery Phrase, Passcode, and any enabled Backup. Loss of this information may result in the permanent loss of access to your Digital Assets.

• TON Wallet does not have access to and cannot recover your private keys. As such, TON Wallet disclaims all responsibility and liability in connection with any inability to access your wallet or Digital Assets resulting from lost or compromised access credentials.

• 5.3. Telegram contacts transfers: TON Wallet allows users to transfer Digital Assets directly to their Telegram contacts via an escrow mechanism on the TON blockchain. When a transfer is initiated, the Digital Assets are sent to a smart contract escrow, and the recipient is notified within TON Wallet. The recipient may either accept or reject the transfer. If accepted, the Digital Assets are released to the recipient’s TON Wallet; if rejected or unclaimed within 14 calendar days, sent Digital Assets are automatically returned to the sender. A higher transaction fee may apply in such cases to cover the costs associated with escrow submission, attempted delivery, and return.

• 5.4. TON blockchain transfers: TON Wallet enables you to facilitate the submission of transfer instructions for TONcoin and TON-based jettons to the TON blockchain. You will be required to enter your Passcode in order to confirm any such transfer. The TON blockchain is the sole authoritative ledger of Digital Asset transactions. TON Wallet merely provides the interface and tools needed to initiate transactions — all proposed transfers must be confirmed and recorded by the decentralized TON blockchain network to be considered complete. Finalization of transactions depends entirely on the TON blockchain network and its validators.

• 5.5. NFT Functionality: TON Wallet enables you to view non-fungible tokens (“NFTs”) that are stored on the TON blockchain. TON Wallet does not take custody of your NFTs — all assets remain directly on-chain, and you maintain full control over them at all times.

6. Third-Party Utilities

• 6.1. TON Wallet may provide access to Third-Party Utilities as well as Third-Party Content. Your use of any Third-Party Utilities is entirely voluntary and at your own risk, and is governed by the applicable third-party terms.

• 6.2. Third-Party Utilities are offered for your convenience only. TON Wallet does not verify, control, or endorse any Third-Party Utilities and makes no guarantees about their accuracy, reliability, or suitability. We are not responsible for any loss or issues arising from your use of them.

• 6.3. Importantly, TON Wallet does not take custody of your Digital Assets at any time. All transactions, including staking or swapping, occur directly between you and the relevant third-party protocol via smart contract interactions initiated by you. TON Wallet cannot access, control, store, buy, sell, or authorize transactions on your behalf.

• 6.4. The decision to access or rely on any Third-Party Content or to use a Third-Party Utilities is entirely your own. You are solely responsible for ensuring that such access or use complies with all applicable laws and regulations. Any dealings, interactions, or correspondence with a third party that provides such content or services are solely between you and that third party. We reserve the right, at our sole discretion, to change, suspend, remove, disable, or impose access restrictions or limits on any Third-Party Utility at any time and without prior notice.

• 6.5. Third-Party Utilities may charge their own fees or commissions for using their services. These fees are set and governed entirely by the third party’s own terms of use. Be sure to review those terms carefully before proceeding. TON Wallet doesn’t set, collect, or control these fees and isn’t responsible for any charges from third parties. If you have questions or issues related to those fees, please contact the Third-Party Utility provider directly.

• 6.6. The following Third-Party Utilities, among others, may be accessed through TON Wallet:

  • a. Swap: Through TON Wallet, you may access a Swap feature exclusively supported by the third-party de-fi protocol Omniston by Ston.fi (“Omniston”). This feature allows you to exchange supported Digital Assets for other Digital Assets using Omniston. When you initiate a swap through the TON Wallet interface, Omniston obtains an available exchange rate from third-party sources and facilitates your transaction accordingly. The transaction is executed directly on-chain through your interaction with Omniston and the applicable smart contracts. TON Wallet does not control, execute, or intervene in any part of the transaction. All swap transactions are governed solely by Omniston’s Terms of Use.
  • b. TON Earn: you may access the TON Earn interface, which is supported by a third-party service provider, TON Stakers. This Third-Party Utility enables you to stake Toncoin and receive a liquid staking token (“LST”) issued programmatically by the TON Stakers smart contract. The LST represents your ownership of the staked Toncoin and any associated network rewards. When you stake through the TON Wallet interface, the transaction is executed directly on-chain via your interaction with the TON Stakers smart contracts. All staking transactions are governed solely by the TON Stakers’ Terms of Use.
  • c. Ethena Earn: you may access the Ethena Earn interface, which is supported by a third-party service provider, Ethena. This Third-Party Utility enables you to stake USDe and receive a liquid staking token (“tsUSDe”) that is programmatically minted by Ethena’s smart contract protocol. The tsUSDe token reflects your ownership of the staked USDe and any associated network rewards.
  • When you initiate staking via the TON Wallet interface, the transaction is executed directly on-chain through your interaction with Ethena’s smart contracts. Please note that staked USDe is subject to a 7-day cooldown period, meaning that once you initiate an unstaking request, your USDe and any accrued rewards will become available for claiming only after seven calendar days. This delay is enforced by the Ethena protocol to maintain liquidity management and system stability. All staking activities are governed solely by Ethena's Terms of Service.

• 6.7. From time to time, you may be able to access Third-Party Utilities not explicitly listed herein. The most complete and up-to-date list of such utilities is available within the TON Wallet interface. Before using any Third-Party Utility, you must review and comply with the third party’s terms of use. TON Wallet disclaims any responsibility or liability arising from your use of or reliance on any Third-Party Utility, whether or not it is specifically identified in these Terms.

7. Warranty Disclaimer

• 7.1. TON Wallet is provided on an “as is” and “as available” basis. To the fullest extent permitted by applicable law, and unless specific statutory rights apply that cannot be excluded or waived, we and our affiliates and service providers:

  • a. Make no representations or warranties of any kind, express, implied, or statutory, regarding TON Wallet, any Third-Party Content, or any Third-Party Utilities accessible through TON Wallet; and ;
  • b. disclaim all warranties, including but not limited to: (i) any implied warranties of merchantability, fitness for a particular purpose, non-infringement, and quiet enjoyment; (ii) warranties arising out of any course of dealing or usage of trade; (iii) warranties that TON Wallet, Third-Party Content, or Third-Party Utilities will be uninterrupted, secure, or error-free or that they will be free of harmful components; and (iv) warranties that any content, assets, or data will be preserved without loss, corruption, or unauthorized alteration.

• 7.2. You agree and acknowledge that you have not relied, and are not relying, on any representation or warranty from TON Space Ltd. or its affiliates other than those expressly set forth in these Terms or in a separate written agreement signed by us. You further agree not to assert any claim or take any position inconsistent with this provision.

8. Indemnifica­tion

• To the fullest extent permitted by applicable law, you agree to defend, indemnify, and hold harmless TON Wallet, its affiliates, and their respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, and contractors from and against any and all claims, damages, obligations, losses, liabilities, costs, debts, and expenses (including, without limitation, reasonable attorneys’ fees) arising out of or relating to:
  • a. Your use of or access to TON Wallet;
  • b. Any feedback, suggestions, or other submissions you provide relating to TON Wallet;
  • c. Your use of or access to any Third-Party Utilities, as well as your violation or alleged violation of any rights, terms, or obligations related to such Third-Party Utilities;
  • d. Your breach of these Terms; or
  • e. Your violation of any applicable law, regulation, or the rights of any third party.

9. Limitation of Liability

• 9.1. Except for claims arising from indemnification obligations under Section 8 (Indemnification), in no event shall the aggregate liability of either party, together with its affiliates, arising out of or related to these Terms — whether based in contract, tort (including negligence), strict liability, or any other legal or equitable theory — exceed the total amount paid by you for your use of TON Wallet during the twelve (12) months immediately preceding the first incident giving rise to the liability. If no such fees have been paid, the total liability shall not exceed five thousand U.S. dollars ($5,000).
• 9.2. This limitation shall apply notwithstanding the failure of any remedy to fulfill its essential purpose and shall not affect your obligation to pay any fees as described under the Terms, if applicable. TON Space Ltd. shall have no liability to you with respect to TON Wallet except as determined by the final judgment of a court or arbitrator with jurisdiction.
• 9.3. To the maximum extent permitted by applicable law, in no event shall either party or its affiliates be liable under these Terms for any indirect, incidental, special, consequential, punitive, exemplary, or reliance damages of any kind, including but not limited to loss of profits, revenue, goodwill, data, or business opportunities, or for business interruption, regardless of the form of action, whether in contract, tort (including negligence), strict liability, or any other theory of liability—even if the party was advised of the possibility of such damages or if any remedy fails of its essential purpose. This exclusion shall not apply to the extent prohibited by applicable law.

10. Termination

• 10.1. Termination by You: You may terminate these Terms by ceasing your use of TON Wallet at any time. You remain solely responsible for managing and securing your private keys and Backup information
• 10.2. Termination by TON Wallet: We may suspend or terminate your access to interfaces, APIs, updates, or other services provided by us or respective Third-Parties in connection with TON Wallet, without prior notice, if:
  • a. You breach these Terms;
  • b. Your use causes or risks causing legal, security, or reputational harm;
  • c. Required by applicable law, regulation, or order of a competent authority; or
  • d. We decide to discontinue TON Wallet or its associated services.
• 10.3. Effect of Termination: TON Wallet is a self-custodial interface, there is no user account or profile for us to close or delete on your behalf. Upon termination, you will no longer be able to use TON Wallet to access or manage your Digital Assets. Your Recovery Phrase cannot be recovered or used within TON Wallet after termination. It does not affect the existence of your wallet or your Digital Assets on the blockchain. You may still access the same wallet and your Digital Assets using your Recovery Phrase through other compatible interfaces that support the TON Blockchain. You are solely responsible for copying and securely storing your Recovery Phrase in a safe location, separate from the TON Wallet interface.While TON Wallet allows you to view and copy your Recovery Phrase during active use, it does not support recovery or reactivation of access after termination.

11. Communication

• 11.1. All notices, updates, and other communications under these Terms may be provided by us electronically, including through in-app notifications, email, or by posting within TON Wallet. By using TON Wallet, you agree and consent to receive all communications from us in electronic form. This includes, but is not limited to, agreements, policies, disclosures, updates, and other information related to your use of TON Wallet. You acknowledge that such electronic communications satisfy any legal requirement that such communications be in writing.
• 11.2. If you have questions about these Terms, your use of TON Wallet, or any other matter, you may contact us via @wallet_supportbot.

12. Governing Law, Waiver of Class Action & Agreement to Arbitrate

• 12.1. These Terms, including its formation, performance, interpretation, and enforcement, as well as any disputes arising out of or in connection with it, shall be governed by and construed in accordance with the laws of Seychelles, without regard to its conflict of law principles.
• 12.2. You and TON Wallet agree that any claims arising from these Terms or your use of TON Wallet as: whether based on contract, tort, statute, fraud, misrepresentation, or any other legal theory, and regardless of whether the claims arise before, during, or after the termination of this Agreement (“Claim”) — shall be referred to and finally resolved by courts of Seychelles.
• 12.3. Class Action Waiver: By using TON Wallet, you agree that any dispute or claim must be pursued on an individual basis only, and not as part of any group, class, or representative action. You expressly give up any right to participate in or initiate a class action, collective claim, or similar representative legal process. Unless both you and TON Wallet agree in writing, no arbitrator or court shall have the authority to join or combine claims involving different individuals, nor to oversee any case brought on behalf of others. Any relief granted by an arbitrator, including injunctive or equitable remedies, may be awarded only to the individual party seeking such relief, and solely to the extent required to resolve that party’s specific claim. If an arbitrator finds that this waiver cannot be applied to a particular claim due to applicable law, then that claim alone will be excluded from arbitration and may be brought in court. Should any court or arbitrator determine that this collective proceedings waiver is invalid or unenforceable in whole or in part, or that an arbitration may proceed on a class basis, then the entire agreement to arbitrate shall be considered null and void.

13. Miscellaneous

• 13.1. Assignment. You may not assign or otherwise transfer these Terms, or any of your rights or obligations under them, without our prior written consent. Any attempted assignment or transfer in violation of this provision will be null and void. We may assign these Terms without your consent (a) in connection with a merger, acquisition, or sale of all or substantially all of our assets, or (b) to an affiliate or as part of a corporate reorganization. Upon such assignment, the assignee shall be deemed substituted for us as a party to these Terms, and we shall be fully released from all obligations and liabilities hereunder. Subject to the foregoing, these Terms shall be binding upon and inure to the benefit of the parties and their respective permitted successors and assigns.
• 13.2. Updates: We may update these Terms from time to time. Unless otherwise specified, the revised Terms will become effective upon being posted within TON Wallet. Your continued use of TON Wallet following any such update constitutes your acceptance of the revised Terms.
• 13.3. Force Majeure. Neither party, nor their respective affiliates, shall be liable for any delay or failure to perform any obligation under these Terms due to causes beyond their reasonable control, including but not limited to acts of God, natural disasters, pandemics, utility or telecommunications failures, cyberattacks, blockades, embargoes, civil disturbances, governmental actions or orders, acts of terrorism, or war.
• 13.4. Severability. If any provision of these Terms is found to be invalid, illegal, or unenforceable under applicable law, the remaining provisions shall remain in full force and effect. To the extent permissible, any such unenforceable provision shall be reformed or interpreted by a court of competent jurisdiction to reflect the original intent of the parties while maintaining enforceability.
• 13.5. No Waivers. Our failure to enforce any provision of these Terms shall not constitute a waiver of that or any other provision, nor shall it affect our right to enforce such provision in the future. Any waiver by us must be in writing and expressly acknowledged to be effective.
• 13.6. Language and Governing Version. All communications and notices under these Terms must be in English. If a translation of these Terms is provided for convenience, the English version shall govern in the event of any conflict or inconsistency. Capitalised terms used in these Terms and not otherwise defined shall have the meanings ascribed to them in Annex I.

ANNEX I to
Terms of Use

Here are some definitions included in these Terms of Use to help clarify and better understand certain provisions. Unless otherwise defined or the context otherwise requires, all capitalised terms shall have the meaning given to them:

Backup means a method supported via the email address provided by you and your Telegram account to securely recover access to your TON Wallet, which may be used to restore access in the event of loss of your Recovery Phrase.

Digital Assets means any digital asset supported on TON blockchain, including TONcoin and TON-jettons.

Passcode means a four-digit numeric code used to enhance the security of your TON Wallet, which may be optionally set by you to protect access to your TON Wallet and to authorise transactions.

Restricted Jurisdictions mean following countries and regions: Cuba, Iran, North Korea, Syria and unrecognized territories, including the Crimea, Donetsk, and Luhansk, Zaporizhzhia regions of Ukraine.

Recovery Phrase means a secret individual set of 24 unique words, arranged in a specific order, that serves as the primary means to access, restore, or recover your TON Wallet and Digital Assets associated with it.

Sanctions Lists means any sanctions-related or restricted persons lists maintained by the United States government (including the U.S. Department of the Treasury’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List, the Foreign Sanctions Evaders List, or the U.S. Department of Commerce’s Bureau of Industry and Security Entity List), the United Nations Security Council, the United Kingdom government, the European Union or its member states, or any other relevant sanctions authority.

Telegram means a third-party platform Telegram Messenger where the TON Wallet mini app is integrated and accessible.

Third-Party Content means any information, materials, links, or resources provided or made accessible by third parties through TON Wallet, including but not limited to pricing data, token information, project descriptions, or promotional content.

Third-Party Utility means any software, interface, protocol, application, feature, or functionality developed and operated by a third party and made accessible through TON Wallet.