Agreement and Who We Are
These Terms govern your use of the Privara website and private-alpha demo (the "Services"). By using the Services you agree to them; if you do not agree, do not use them.
The demo is provided by Reineira Labs Limited, a company registered in RAK DAO, Ras Al Khaimah, United Arab Emirates (the "Developer," "we," "us"), as a research and technology demonstration built on the independent ReineiraOS protocol. No separate commercial operating entity has been formed yet; if and when one is, it will assume these Terms.
Demonstration and Testnet Status
Privara is currently a demonstration on a public test network. It is not a live financial product.
- Tokens used in the demo carry no real monetary value; all activity is simulated.
- The demo is for evaluation only and may be changed, reset, or discontinued at any time without notice, and data may be lost.
- Behavior on testnet does not guarantee identical behavior on any future mainnet.
- Do not send real assets to any address associated with the demo; they may be permanently lost.
What Privara Is — and Is Not
Privara provides software that lets you create demo payment links and invoices and interact with public smart contracts. We do not touch your money.
Privara is not a bank, money services business, money transmitter, payment institution, custodian, broker, dealer, exchange, lender, or investment adviser, and is not registered or licensed as such. We do not custody or control funds, execute transactions on your behalf, set or guarantee token values, or act as an intermediary, escrow agent, or fiduciary. Nothing here is financial, investment, tax, or legal advice.
Eligibility and Unsupported Regions
By using the Services you represent that you are at least 18, have capacity to agree, and:
- are not a United States person and are not located in the United States;
- are not located in, resident in, or organized under the laws of any comprehensively sanctioned territory (including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions); and
- are not subject to sanctions or on any restricted-party list (UN, EU, UK, or US OFAC).
The Services are also not offered in regulated markets — including the European Economic Area and the United Kingdom — where doing so requires an authorization or local entity we do not yet hold. Availability there awaits formation of our operating entity and any required registrations. We may use technical measures to give effect to these restrictions.
Your Keys, Your Funds
The Services are non-custodial. You alone control your keys and accounts through your own smart account and passkey, and you authorize every transaction. We cannot access, move, freeze, or recover your accounts or credentials; if you lose access to them, we cannot restore them. Safeguarding them is your responsibility.
Privacy Shield and Encryption
Optional Privacy Shield encrypts certain values with Fully Homomorphic Encryption (FHE) before they reach the chain. You acknowledge that FHE is emerging technology that may have undiscovered limitations; that encryption uses keys you control and that we cannot decrypt; that on-chain metadata (hashes, timestamps, addresses) remains public; and that no encryption is guaranteed against all future advances. Use it at your discretion.
Acceptable Use
You agree not to use the Services to break the law or to:
- facilitate money laundering, sanctions evasion, fraud, or other financial crime;
- exploit, attack, reverse engineer (beyond what open-source licenses permit), or disrupt the Services or smart contracts; or
- circumvent eligibility, security, or geographic controls, including by misrepresenting your location.
Risk, Disclaimers, and Liability
The Services are provided "as is" and "as available", without warranties of any kind, to the maximum extent permitted by law. You accept the risks of using experimental blockchain software, including smart-contract bugs, the emerging nature of FHE, network instability, reliance on third-party infrastructure we do not control, and an evolving regulatory landscape.
To the maximum extent permitted by law, the Developer and its affiliates and personnel are not liable for any indirect, incidental, special, or consequential damages, or any loss of assets or data, arising from your use of the Services. Where liability cannot be excluded, our total aggregate liability is limited to USD 100. Nothing here limits liability that cannot be limited by law, including any mandatory consumer rights you have.
Governing Law and Disputes
Please contact us first; most issues are resolved informally within 30 days. These Terms are governed by the laws applicable to the Developer in RAK DAO, Ras Al Khaimah, United Arab Emirates, and disputes will be resolved there, in English. This choice does not deprive you of any mandatory consumer-law rights available where you live.
Changes, Assignment, and Contact
We may update these Terms as the project develops; when changes are material we will update the date above and, where appropriate, notify you. Continued use means you accept the revised Terms. We may assign these Terms to a future operating entity that assumes our obligations; you may not assign yours without our consent. If any provision is unenforceable, the rest remain in effect. Questions: [email protected].