Terms of Use, Risk Disclosure, and Legal Notice

1. Purpose of the Platform

This platform is operated by Olasac Technologies as a peer-coordination, identity, evidence, and fraud-reduction tool for users who arrange digital-asset settlements with one another. The platform is intended to reduce the risks that are common in informal person-to-person markets, including impersonation, fake payment claims, non-delivery, coercive phone-only dealing, and scam pricing in opaque environments.

Olasac Technologies' stated objective is consumer safety, auditability, and reduced fraud exposure for ordinary users who already seek access to global digital services, software, freelance platforms, subscriptions, competition fees, education, and other lawful digital use cases. The platform is not represented as a bank, microfinance institution, remittance company, foreign exchange bureau, payment switch, or licensed financial institution unless and until such licensing is expressly obtained and stated in writing.

2. No Representation of Regulatory Approval

Access to this platform does not mean that any regulator, ministry, public authority, or central bank has approved, endorsed, licensed, certified, tolerated, or guaranteed this service. Users must make their own decision about whether they may lawfully use digital assets, peer-to-peer trading tools, or related services under the laws and directives that apply to them in Ethiopia or any other jurisdiction.

Olasac Technologies does not promise that use of the platform is lawful for every user, every use case, or every country. Users are solely responsible for understanding and complying with all applicable laws, directives, taxation rules, banking restrictions, anti-money-laundering obligations, sanctions rules, consumer-protection obligations, and foreign-exchange rules.

3. Platform Role and Limits

The platform provides software features such as account registration, identity verification workflows, wallet tooling, listing of offers, evidence collection, transaction logging, escrow-related workflows, notifications, and dispute-review support. Users transact with one another directly. Olasac Technologies does not set mandatory exchange rates for users, does not guarantee profit, does not guarantee completion of off-platform fiat transfers, and does not act as an advisor, broker, trustee, fiduciary, or agent for either party unless specific written terms say otherwise.

Where the platform offers escrow or appeal tooling, that tooling exists only to enforce platform workflow rules as a software matter. It is not a guarantee against loss, regulatory action, bank reversal, payment provider action, chain congestion, wallet compromise, device compromise, identity fraud, or user misconduct.

4. User Acknowledgements

By using the platform, each user acknowledges and agrees that:

• they are acting on their own behalf and at their own risk;
• they are responsible for confirming that their intended use is lawful where they live and bank;
• they understand digital-asset transfers are volatile, technically risky, and may be irreversible;
• they understand banks, telecom providers, app stores, or regulators may restrict or block related activity at any time;
• they must not rely on Olasac Technologies as a substitute for legal, tax, financial, or compliance advice;
• they are responsible for safeguarding their own credentials, device, phone number, bank details, and wallet access.

5. Prohibited Conduct

Users may not use the platform for any unlawful, abusive, deceptive, or prohibited purpose, including:

• money laundering, terrorism financing, fraud, scams, or proceeds-of-crime handling;
• operating on behalf of undisclosed third parties, mule networks, or unregistered businesses;
• circumventing sanctions, court orders, police directives, or valid compliance restrictions;
• using stolen identities, false KYC materials, borrowed bank accounts, or bank accounts under different names;
• price manipulation, fake payment proof, false chargeback claims, duplicate payments, or appeal abuse;
• activity involving minors, impersonation, coercion, extortion, or threats;
• use of the service in a way that would cause Olasac Technologies or other users to violate applicable law.

6. Bank Accounts, Identity, and Name-Match Rules

Users may add bank or mobile-money accounts only where the account holder name matches the user's verified identity. Different banks may be added under the same verified name, but accounts under mismatched names are prohibited. Olasac Technologies may reject, freeze, or remove accounts that appear inconsistent, suspicious, duplicated, or risky.

7. No Guarantee of Availability or Store Distribution

The application may be distributed outside mainstream app stores, including by direct download from the official website. Availability on a website, direct APK distribution, Play Protect verification, or device installation does not imply legal approval, app-store approval, regulator approval, or banking approval. Features may be suspended, geo-restricted, delayed, or withdrawn at any time where Olasac Technologies believes doing so is prudent.

8. Dispute Review and Evidence

Olasac Technologies may review uploaded evidence, transaction logs, timestamps, payment references, bank-account details, and workflow events to decide platform-level disputes. Those decisions are operational platform decisions only. They do not replace court proceedings, police investigations, regulator review, or binding arbitration unless expressly stated.

9. Limitation of Liability

To the maximum extent permitted by applicable law, Olasac Technologies and its founders, staff, contractors, and affiliates are not liable for indirect, special, incidental, consequential, punitive, or exemplary losses, including lost profits, reputational damage, banking lockouts, regulatory penalties, frozen accounts, delayed payments, or third-party enforcement actions arising from user conduct or user misuse of the platform.

Nothing in this document excludes liability that cannot lawfully be excluded. Where liability cannot be excluded, it is limited to the narrowest extent permitted by law.

10. Indemnity

Users agree to indemnify and hold harmless Olasac Technologies from claims, losses, fines, investigations, costs, and expenses arising from the user's unlawful conduct, false statements, misuse of the service, violation of these terms, or violation of rights of any other person or institution.

11. Privacy and Records

The platform may retain account data, KYC materials, bank metadata, device and session logs, appeal evidence, payment proof, and technical records for security, fraud-prevention, dispute-resolution, and lawful response purposes. Users should not expect anonymity when using a regulated internet, telecom, or banking environment.

12. Suspension, Refusal, and Cooperation

Olasac Technologies may refuse service, suspend accounts, limit withdrawals, pause trading, request more information, or cooperate with lawful requests where it believes there is a fraud risk, sanctions risk, identity issue, chargeback risk, safety risk, or legal/compliance concern.

13. Public Interest and Consumer Safety Position

Olasac Technologies' position is that ordinary users should not be left to navigate informal peer-to-peer markets by blind trust, unverified phone calls, or scam-prone channels where rates and counterparties are opaque. This platform is intended to reduce consumer harm by introducing identity, evidence, workflow discipline, and technical trust tools into a problem space that already exists in practice.

That position does not override any law, and it is not a claim that all digital-asset or peer-to-peer settlement activity is lawful in every context. It is a statement of product purpose: fraud reduction, user protection, and more transparent peer interaction using widely available software tooling.

14. Governing Law and User Responsibility

These terms are intended to be interpreted in a manner consistent with applicable law. If any clause is unenforceable, the rest remains in effect to the extent possible. Users remain individually responsible for the legality of their activity, including under Ethiopian law, directives, and any other jurisdiction that applies to them.

15. Contact

Legal, compliance, support, and policy concerns may be directed to Olasac Technologies through the official contact channels published on the platform website or application, including [email protected].