1. Welcome

1.1 This page sets out the terms and conditions that apply to the Wirex native token, WXT (“WXT”).

1.2 By holding, exchanging, or transferring WXT through the Wirex Service, you shall be deemed to have accepted these terms and conditions. If you do not agree to these terms and conditions, do not hold, exchange, or transfer WXT through the Wirex Service. 

1.3 These terms, combined with the Wirex General Terms of Service, the Cryptoasset Terms, and any other documents referred to in these terms (the "WXT Terms"), set out the legal agreement between:

You, as the Wirex user; and

The Wirex company that provides you with access to the Wirex Service and your Wirex Profile, as identified in the Wirex General Terms of Service above ("Wirex", or "we", "our", or "us").

Capitalised terms defined in the Wirex General Terms of Service (the "Terms") have the same meanings when they are used in these Cryptoasset Terms.

1.4 Please read these WXT Terms carefully and make sure you understand and agree to them before holding, exchanging, or transferring WXT through the Wirex Service. 

1.5 WXT is void where prohibited by law.

2. What is WXT?

2.1 WXT, the Wirex platform native token, is a universal Stellar-based token designed as a rewards token for the benefit of Wirex retail and business customers. Holders of WXT benefit from reduced transaction fees incurred by using the Wirex platform, as well as obtaining rewards and other perks by holding the requisite number of WXT. 

2.2 Wirex categorises the rewards provided by WXT can be found here (collectively referred to as “WXT Rewards”):

3. How to obtain WXT and eligibility matters

3.1 WXTs are made available to Wirex users through the Wirex Service. Additionally, WXTs can be purchased directly on any of our partner trading platforms which may list WXT(our “Partner Platforms”).

3.2 The rewards set out at clause 2.2 above are available to users of the Wirex Service where they have been verified in accordance with the General Terms.  

4. Tax 

4.1 WXT may be subject to tax in your jurisdiction. You are responsible for paying any tax due on any WXT you hold in your Wirex account. You should seek professional advice if you are unsure about whether you need to pay any tax and/ or how much tax you need to pay. Wirex will not be responsible to you for any amounts you are required to pay in tax or any penalties you face in connection with your purchase or receipt of WXTs. 

5. Changes to WXT Rewards

5. 1 Changes to WXT Rewards may happen at any time without notice to you. Where possible, we’ll give you seven (7) days’ notice before making changes to the WXT Rewards.

6. Important limitations on your WXT holdings

6.1 All orders for WXTs on the Wirex platform are subject to acceptance by us. We will need to conduct certain checks in order to verify your identity before we can use WXT via the Wirex Service.

6.2 WXTs are intended to be used only in connection with the Wirex Service, as specified in the White Paper. WXTs may have no value outside the Wirex Service. 

6.3 The purchase of WXTs may not be subject to the protections of any laws or regulations in the country where you live governing the purchase and sale of financial products. You may therefore not be able to benefit from the same protections you might have under applicable laws as you might do when you buy other financial products. 

6.4 Dealing with WXTs is, like with all cryptoassets, inherently risky, as the price of cryptoassets can change rapidly. We cannot guarantee that the value of any cryptoassets that you purchase will not fall. You therefore buy or sell WXTs at your own risk. You should ensure that you are able to accept this risk before you buy any WXTs and for as long as you hold any WXTs. 

6.5 You are responsible for keeping your user account details secure. You should never give your user account details to any other person, as this will enable them to execute transactions using your account. Wirex will not be responsible for any losses you might suffer from disclosing your user account details to another person (whether intentionally or accidentally) or any unlawful access to your Wirex user account by another person.

6.6 If you lose your Wirex user account details you may not be able to access or use your WXTs. We may not be able to recover any WXTs to you, and you will be responsible for any losses you might suffer as a result. 

7. Limitation of Liability

7.1 Wirex reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the WXT Rewards with or without prior notice due to reasons outside its control (including, without limitation, in the case of anticipated, suspected or actual fraud).

7.2 We may also modify or discontinue the WXT Rewards on reasonable notice to you. If we discontinue the WXT Rewards, we will, subject to this paragraph 6.2, honour any WXT Rewards for which you became eligible prior to 11:59 pm UK time on the last date of the WXT Rewards being available.

7.3 Wirex accepts no responsibility for any loss or damage incurred or suffered by you as a result of availing the WXT Rewards or accepting or using any WXT Rewards, including (but not limited to) any loss resulting from the following:

A. any postponement or cancellation of the WXT Rewards, or any delay in crediting any WXT Rewards to your Wirex Profile;

B. any alteration, unauthorised access, damage, late delivery or non-delivery of any notices, acceptances, requests or other documents related to the WXT Rewards;

C. any damage to your or any other person's computer relating to or resulting from availing the WXT Rewards;

D. any act or default of any third party supplier or any of our Partner Platforms.

7.4 Nothing in these WXT Terms shall exclude the liability of Wirex for death, personal injury, fraud or fraudulent misrepresentation as a result of its negligence, or any other matter for which the law does not allow us to exclude or limit our liability.

8. Your personal details

8.1 Please see our Privacy Policy (https://wirexapp.com/privacy-data-retention) for more information about how we handle your information.

9. General

9.1 We intend to rely on these WXT Terms as setting out the written terms of our agreement with you for your availing of the WXT Rewards. If part of these WXT Terms cannot be enforced then the remainder of the WXT Terms will still apply to our relationship.

9.2 If you have any questions about WXT and the WXT Rewards, please email us at supportescalation@wirexapp.com with "WXT" in the subject line.

9.3 WXT Rewards will be governed by English law. The English courts will have non-exclusive jurisdiction over any dispute arising from or related to the WXT Rewards. This does not affect any rights you may have under the law of the country in which you are resident, including (where applicable) your right to have a dispute in relation to the WXT Rewards heard in the courts of that country. 

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