Terms And Conditions

User Responsibilities

By using the Moniass Platform, you agree to act responsibly, lawfully, and in good faith. You warrant that all information you provide during registration, verification, and throughout your use of the Platform is true, accurate, and complete to the best of your knowledge. You further agree to promptly update such information if it changes.

You shall comply with all applicable laws, regulations, and directives in force within the Federal Republic of Nigeria, including those relating to anti-money laundering, counter-terrorism financing, financial sanctions, data protection, and digital asset trading. You must not use the Platform for any unlawful purpose, including but not limited to fraud, money laundering, terrorist financing, or deceptive trading activities.

You acknowledge and accept full responsibility for all actions conducted through your account. Moniass shall not be liable for any loss or damage arising from your failure to comply with these obligations or to secure your login credentials and devices.

You further recognize that digital asset markets are highly volatile. Prices may fluctuate significantly and without prior notice, and the value of crypto assets may decrease or become worthless. By engaging in transactions through the Platform, you accept these market risks and agree that Moniass shall not be held responsible for any financial loss resulting from market movements, liquidity shortages, or third-party actions.

Escrow and Transactions

The Moniass escrow and transaction system is designed to facilitate real-time, secure, and transparent peer-to-peer (P2P) trading through an auction-style matching process. When a buyer and seller are matched, the seller’s digital assets are automatically transferred into a secure escrow wallet managed by Moniass.

Transactions on the Moniass Platform occur in real time and are executed automatically once both sides meet the trade conditions. There is no chat-based negotiation or manual confirmation process. Upon successful verification of payment or fulfillment of exchange conditions, the escrowed assets are instantly released to the buyer’s designated wallet.

In the event that a transaction fails or cannot be completed due to network issues, incorrect payment details, or other technical reasons, the digital assets held in escrow shall be immediately returned to the initiating user’s account after system verification.

Moniass continuously monitors transactions to prevent fraud and ensure fairness. However, users acknowledge that the escrow mechanism serves primarily as a technical safeguard and does not constitute a financial guarantee or insurance against all trading risks.

Transaction-related fees, including escrow handling charges, network (gas) fees, or service commissions, will be transparently displayed before trade execution. Moniass reserves the right to adjust its fee schedule, with notice provided on the Platform.

You understand and agree that Moniass functions solely as a facilitator and intermediary, providing the infrastructure for P2P trading. Moniass shall not be held liable for losses arising from user error, market fluctuations, or transactions conducted outside the Platform.

Airdrops and Community Programs

Moniass provides a platform for tracking, managing, and participating in cryptocurrency airdrops and community-based reward programs. Users may view ongoing campaigns, track progress, and complete required tasks. Certain campaigns may be organized directly by Moniass, while others may originate from external projects or user-generated listings.

Participation in airdrops is voluntary. Moniass does not endorse or guarantee the authenticity, profitability, or continuity of any third-party campaign. Users are advised to conduct independent due diligence before participating in or sharing personal information with any external project.

Rewards earned through Moniass-hosted programs are subject to eligibility criteria, completion verification, and system validation. Distribution timelines and reward quantities are at the sole discretion of Moniass and may vary based on campaign rules and platform policy.

Users who create or share airdrop campaigns are fully responsible for the accuracy and legality of their listings. Misleading information, spam content, or fraudulent campaigns are strictly prohibited. Moniass reserves the right to remove any content or suspend accounts that violate these provisions without prior notice.

Community features such as leaderboards, referrals, and engagement rewards are intended to encourage participation and transparency. However, these benefits are not guaranteed and may be altered, suspended, or discontinued at any time without liability to users.

Fees and Payment Terms

Moniass operates on a transparent and fair fee model. Applicable charges, including but not limited to trading fees, escrow handling fees, withdrawal fees, or promotional participation fees, shall be clearly communicated to users prior to the initiation of any transaction. All fees are automatically deducted from the user’s wallet or escrow balance at the point of transaction execution.

Payments and settlements on the Moniass Platform may be conducted in supported digital assets, stablecoins, or fiat currencies. The list of supported assets and currencies will be displayed on the Moniass interface and updated periodically.

For fiat operations, Moniass may partner with licensed payment processors, banks, or fintech providers to facilitate deposits and withdrawals in compliance with applicable Nigerian financial and anti-money laundering regulations. Fiat deposits are credited to the user’s account balance in real time, while withdrawals are processed to the user’s verified bank account subject to network or banking timelines.

All transactions are final upon confirmation. Due to the irreversible nature of blockchain and certain fiat settlements, Moniass cannot reverse or refund completed transactions except in cases of verified system error, processing failure, or fraud as determined solely by Moniass. Refunds, where applicable, shall be made in the same currency or equivalent asset after internal verification and may be subject to applicable fees.

Moniass reserves the right to modify its fee schedule, supported tokens, fiat currencies, and payment policies at its discretion. Any such changes shall be communicated in advance through the Platform, official website, or registered user communication channels.

Risk Disclaimer

The use of Moniass and participation in digital asset trading involves substantial risk. The value of cryptocurrencies is subject to extreme volatility, influenced by market demand, global events, technological developments, and regulatory changes. You acknowledge that you may lose part or all of your digital assets and that such losses are solely your responsibility.

Moniass does not provide investment, legal, or tax advice. Nothing on the Platform should be construed as financial advice, and users are encouraged to seek independent professional guidance before making investment decisions.

While Moniass employs an escrow protection mechanism, it cannot guarantee the absolute security of digital assets or the reliability of counterparties. Escrow reduces the likelihood of fraud but does not eliminate risks arising from scams, project failures, market illiquidity, or external cyberattacks.

By using Moniass, you expressly acknowledge and accept all associated risks, and you agree that Moniass, its affiliates, employees, or partners shall not be liable for any losses, damages, or claims arising from your use of the Platform or participation in crypto-related activities.

Privacy and Data Protection

Your privacy is important to us. Moniass collects, processes, and stores personal data in compliance with the Nigerian Data Protection Act, 2023 (NDPA) and relevant international data protection standards such as the General Data Protection Regulation (GDPR) where applicable.

When you use the Platform, Moniass may collect certain personal and transactional information, including but not limited to your name, contact details, KYC documents, device identifiers, and blockchain wallet addresses. This information is used for user verification, transaction facilitation, fraud prevention, and platform improvement.

All user data is encrypted, securely stored, and accessible only to authorized personnel. We implement technical and organizational security measures to prevent unauthorized access, disclosure, alteration, or destruction of your data.

Moniass will not sell or rent your personal data to third parties. However, we may share limited information with regulatory bodies, law enforcement agencies, or compliance partners when required by law or to protect the integrity of our platform.

By using Moniass, you consent to the collection and processing of your data in accordance with these Terms and our detailed Privacy Policy, available at (Insert URL) You may withdraw consent or request data deletion by contacting our Data Protection Officer at (Email) subject to legal and regulatory limitations.

Intellectual Property Rights

All content, technology, and intellectual property made available through the Moniass Platform, including but not limited to trademarks, logos, service marks, graphics, interface design, algorithms, source code, text, images, and audiovisual materials, are the exclusive property of Moniass Technologies Limited or its licensors. These rights are protected under the Copyright Act of the Federal Republic of Nigeria (as amended) and applicable international intellectual property treaties.

You are granted a limited, revocable, non-exclusive, and non-transferable license to use the Moniass Platform solely for lawful personal or business purposes consistent with these Terms. This license does not convey any ownership rights, title, or interest in Moniass’ intellectual property.

You may not, without prior written consent from Moniass:

1. Copy, reproduce, modify, or distribute any part of the Platform;
2. Reverse engineer, decompile, or otherwise attempt to extract source code;
3. Use any automated systems or scripts to interact with the Platform in a manner that disrupts normal operation;
4. Create derivative works or use Moniass’ trademarks for promotional or commercial purposes without authorization.

Violation of these provisions may result in immediate suspension or termination of your account and may subject you to civil or criminal liability under applicable laws.

Prohibited Activities

Users are strictly prohibited from engaging in any activity that may compromise the integrity, functionality, or reputation of the Moniass Platform. Without limitation, you agree not to:

1. Use the Platform to engage in or facilitate illegal, fraudulent, or deceptive activities, including money laundering, terrorism financing, or market manipulation.
2. Misrepresent your identity, create multiple fake accounts, or impersonate another person or entity.
3. Attempt to gain unauthorized access to the Platform, other user accounts, or Moniass’ servers and data systems.
4. Post, upload, or distribute harmful, defamatory, obscene, or unlawful content, including misleading airdrop campaigns.
5. Use bots, scrapers, or other automated tools to harvest data, execute transactions, or interfere with normal operations.
6. Circumvent the escrow or dispute resolution system to gain unfair advantage in any trade.
7. Exploit system vulnerabilities or attempt to manipulate transaction outcomes.
8. Infringe upon the intellectual property rights of Moniass or third parties.

Any violation of these provisions constitutes a material breach of these Terms and may result in immediate account termination, forfeiture of ongoing transactions, and potential referral to law enforcement or regulatory authorities in accordance with Nigerian law.

Limitation of Liability

To the fullest extent permitted under Nigerian law, Moniass, its affiliates, directors, employees, and agents shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from or related to your use of the Platform, including but not limited to loss of profits, data, goodwill, or other intangible losses.

Moniass provides its services on an “as is” and “as available” basis without warranties of any kind, whether express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

We do not guarantee the continuous, uninterrupted, or error-free operation of the Platform, nor do we guarantee the accuracy of information provided by other users or third-party integrations. Moniass is not responsible for damages or losses arising from system errors, network failures, blockchain congestion, or external cyberattacks.

While the escrow system provides a layer of transaction security, Moniass does not act as a financial guarantor or insurer. You acknowledge that you trade and engage with other users entirely at your own risk.

In all cases, Moniass’ total aggregate liability to you, whether in contract, tort, or otherwise, shall not exceed the total fees paid by you to Moniass in the three (3) months preceding the event giving rise to the claim.

Indemnification

You agree to indemnify, defend, and hold harmless Moniass Technologies Limited, its affiliates, officers, employees, and partners from and against all claims, demands, damages, losses, liabilities, and expenses (including reasonable legal fees) arising out of or related to:

1. Your use or misuse of the Platform;
2. Any breach of these Terms or applicable law;
3. Any violation of the rights of another user or third party; or
4. Any content or information you upload, transmit, or make available through the Platform.

Moniass reserves the right to assume exclusive control of the defense of any matter otherwise subject to indemnification by you, in which case you agree to cooperate fully with our defense strategy.

Dispute Resolution and Governing Law

These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without regard to conflict of law principles.

In the event of a dispute, Moniass encourages parties to first seek resolution through the Platform’s internal mediation process. This process involves a review of transaction data, communication logs, and any supporting documents provided by both parties. Moniass will make a fair and impartial determination based on available evidence.

If a dispute cannot be resolved internally within fourteen (14) business days, it shall be referred to arbitration in accordance with the Arbitration and Mediation Act, 2023 of Nigeria. The arbitration shall be conducted in English, in Lagos, Nigeria, before a single arbitrator appointed jointly by both parties or, failing agreement, by the President of the Chartered Institute of Arbitrators (UK) Nigeria Branch.

The arbitral award shall be final and binding on the parties. Each party shall bear its own costs, and the arbitrator’s fees shall be shared equally, unless otherwise determined in the award.

By using the Moniass Platform, you expressly waive the right to participate in any class action, collective, or representative proceeding against Moniass. All claims must be brought individually.

Termination and Suspension

Moniass reserves the right to suspend, restrict, or permanently terminate your account and access to the Platform at any time, with or without prior notice, under any of the following circumstances:

1. You breach or violate any provision of these Terms;
2. You engage in activities deemed fraudulent, illegal, or harmful to other users or to Moniass;
3. You fail to comply with requests for additional identity verification or information as required under anti-money laundering (AML) and counter-terrorism financing (CTF) obligations;
4. Moniass detects unusual or suspicious activity on your account;
5. You attempt to interfere with the Platform’s normal operation or security systems; or
6. Required by law enforcement, regulatory order, or court directive.

Upon termination, all active transactions in escrow will be subject to Moniass’ internal dispute resolution process as detailed in Section 6 of these Terms. Moniass shall determine the rightful disposition of any funds held in escrow at the time of termination, and users shall have no claim for damages arising from such action.

You may close your Moniass account at any time by submitting a written request through the in-app support channel or official email. Account closure will not affect any outstanding obligations, fees, or liabilities incurred prior to termination.

All provisions of these Terms that by their nature should survive termination (including but not limited to Sections 11, 13, 14, and 15) shall remain in effect after your account is closed.

Changes to the Terms

Moniass reserves the right to modify, amend, or update these Terms and Conditions at its sole discretion. Any changes shall take effect upon publication on the Moniass Platform, unless a later effective date is specified.

Users will be notified of material changes via the Platform, email, or push notification. Continued access or use of the Platform following the effective date of any update shall constitute your acceptance of the revised Terms.

If you do not agree to the amended Terms, you must discontinue use of the Platform immediately and close your account in accordance with Section 16 above.

Moniass further reserves the right to introduce new services, impose additional conditions, or update existing features to reflect changes in business operations, legal requirements, or technological developments. Such modifications will not retroactively affect previously completed transactions.

Contact Information

For questions, complaints, or legal correspondence regarding these Terms, please contact us through any of the following official channels:

Moniass Technologies Limited

Registered Office: 17, TOUGGORT STREET, WUSE ABUJA, FCT, NIGERIA

Email: [email protected]

Support: [email protected]

Our customer service team will respond to inquiries within a reasonable timeframe. For urgent technical issues or reports of suspicious activity, users are encouraged to contact support promptly via the in-app help center.

Acknowlegment and Acceptance

By downloading, installing, registering on, or using the Moniass Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions and all other related policies referenced herein, including the Privacy Policy and Dispute Resolution Policy.

You affirm that your use of the Moniass Platform is lawful under the laws of Nigeria and any other jurisdiction applicable to you. You further acknowledge that digital asset trading and participation in airdrops carry inherent risks, and you agree that Moniass shall not be liable for any loss or damage arising from your use of its services.

If any provision of these Terms is held invalid or unenforceable under applicable law, the remaining provisions shall continue in full force and effect. Failure by Moniass to enforce any right or provision shall not constitute a waiver of such right or provision.

These Terms constitute the entire agreement between you and Moniass Technologies Limited regarding the use of the Platform and supersede any prior agreements or communications, whether oral or written.