Terms of Use

Please read these terms of use carefully. By accessing or using our services and products and by checking the checkbox, you confirm you have read and understood these terms of use and agree to be bound by these terms of use, including references which might be made to other documents/information as incorporated in our website (https://openq.dev/).

A. Scope

These are the terms of use (hereinafter referred to as the “Terms”) of OpenQ Labs GmbH, (hereinafter referred to as “OpenQ, ”we”, “our” or “us”). These Terms apply to any access and use of our products and services (hereinafter referred to as the “Products”) as outlined on our website at https://openq.dev/s.

The following definitions are being used in these Terms.

  • Customer: The Customer is the entity/person that/who funds the bounty/price.
  • Developer: The Developer is the entity/person that/who solves the issue and receives the bounty/price.

In regards to the functionality and features of our Products, reference is made to our documentation, which you can find under the following link: https://docs.openq.dev/welcome/master.

The Products provided by us are on an "AS IS" and "as available" basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose or non-infringement.

B. Acceptance of Terms

By accepting these Terms you enter into an agreement with OpenQ (hereinafter referred to as the “Agreement”).

In order to use our Products you need to first accept our Terms in full as outlined here including references to other documentation that might be made. A selected acceptance of our Terms is not possible. If you do not agree or don’t understand the Terms you may not use our Products.

You expressly acknowledge, agree, and understand that OpenQ merely provides a platform to be used by Customers and Developers. OpenQ is not in any way involved in the direct contractual relationship between Customers and Developers.

By using our Products, you warrant that you understand the inherent risks associated with blockchain technology.

C. Eligibility

Our Products are to be used only by business people and companies. No consumer (in the sense of § 13 German Civil Code) is entitled to use our Products.

Any use of our Products by anyone under eighteen (18) years of age is strictly prohibited and in violation of this Agreement.

You represent and warrant (i) that you are of legal age to form a binding agreement, (ii) that you can form a binding agreement with us on behalf of the company/entity you are representing, (iii) that you are legally allowed to enter into this Agreement with us from within the jurisdiction you are working/using our Products from and that you and your company/entity are in compliance with all applicable local, state, national, and international laws, rules and regulations which are applicable to you and your company/entity. In case of doubt of compliance, it is your sole responsibility to investigate the legality of accessing our website and make use of our Products before you do so, (iv) that you have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party to and (v) that you or your company/entity you are representing have not previously been suspended or removed from using our Products.

D. Product Security and Risks

Please be aware that our Products are currently in active development and are still in the so-called beta stage. Nevertheless we see it as our responsibility to clue you in on potential risks. At the same time we do our best to make our Products as secure as possible.

I. Smart Contract Bug

In order to make our Products as secure as possible, the protocol (software code) is being audited by Sherlock (https://www.sherlock.xyz/). If, despite our audit, we still have bugs in the smart contract that cause the prize/bounty (hereinafter referred to as “Bounty”) to be partially or totally withdrawn by an unknown person from the contracts or e.g. blocked forever in the contracts we have a monthly coverage fee that we pay to Sherlock protocol who did our audit and promise to pay back the amount of up to $5 Million in case of smart contract bug(s).

II. Multi-Sig Hack

If the majority of multi-signature participants unintentionally disclose their private keys to a cybercriminal through manipulation or alternative techniques, the intruder could assume control of the smart contract managing the Bounty agreement(s). This would result in our loss of authority over the smart contract, and the attacker would gain the ability to manipulate it in order to obtain all the funds held in escrow within each smart contract.

III. Not yet fully decentralized

OpenQ provides a set of smart contracts enabling multiple parties to establish a bounty program for issues on Github. This set of smart contracts, developed and deployed by OpenQ, can be executed and used by Customers to mint Bounties and fund them with rewards. The smart contracts act as an escrow service for Customers and Developers. By sending the funds to the Bounty contract, the Customer transfers custody over the funds to the smart contract. OpenQ's Oracle (Github API connection to smart contracts) determines when payments are released by the smart contract. This Oracle runs on the OpenQ's servers and is not yet fully decentralized though it plans to be. In its current implementation, OpenQ could still intervene here and manipulate the data from Github and thus give wrong information to the smart contract that would trigger payment transactions. Once the Oracle is fully decentralized OpenQ will not have control over and no way to intervene in the execution of smart contracts anymore.

IV. Upgradeable smart contract

Furthermore, the OpenQ's smart contract possesses the ability to be enhanced. In theory, OpenQ can modify functions to acquire entry to the escrow. The intention is to eliminate this upgradability feature, but the exact timeline remains uncertain. Presently, this allows us the advantage of rapid response in the event of glitches or the introduction of new functionalities.

V. Underlining blockchain

Please note that our Products are, as of now, based on the Polygon blockchain, which is an evolving technology and subject to its own set of risks and challenges. Other blockchain networks might be added over time. Please do your own due diligence in regards to those and blockchain technology in general before making use of our Products.

E. Disclaimer

By using our Products, you acknowledge and accept that the Product(s) (i) may contain bugs, errors and defects, (ii) may function improperly or be subject to periods of downtime and unavailability, (iii) may result in total or partial loss or corruption of data used in the Product(s), and (iv) may be modified at any time, including through the release of subsequent versions/updates/upgrades or alike, all with or without notice. We do not accept responsibility for any loss or damages, including but not limited to financial losses, arising from your use of our Products.

The Interface to our Products is provided without any guarantees or warranties, whether express or implied, and is subject to availability. We do not make any representations or warranties regarding the accuracy, completeness, reliability, or security of the Interface. Your use of the Interface is entirely at your own risk. We do not guarantee that your access to the Interface will be uninterrupted, timely, or error-free, nor do we assume any responsibility for any harmful elements or viruses that may affect your use of the Interface. Any advice or information provided by us does not create any warranty concerning the Interface. We do not endorse or guarantee any statements, advertisements, or offers made by third parties regarding the Interface. To the fullest extent possible our liability is limited to the minimum extent permitted by any applicable law.

The Protocol is provided without any warranties and is used at your own risk. We and other developers involved in creating the Protocol will not be held liable for any damages, claims, or losses arising from your use, inability to use, or interactions with other users of the Protocol, including but not limited to direct, indirect, incidental, special, exemplary, punitive, or consequential damages, or loss of cryptocurrencies, tokens, profits, or other valuable items. We do not endorse, guarantee, or take responsibility for any statements, advertisements, or offers made by third parties regarding the Protocol. To the fullest extent possible our liability is limited to the minimum extent permitted by any applicable law.

Furthermore all materials, documentation, additional information provided on our website/platform are also provided AS IS. OpenQ does not make any representations/warranties/guarantees concerning the accuracy or reliability of the use of these materials. To the fullest extent possible our liability is limited to the minimum extent permitted by any applicable law.

We do not provide financial or legal advice. Nothing in these Terms can be construed as such. If our website provides professional information (for example, legal, or financial), such information is for informational purposes only and should not be construed as professional advice. No action should be taken based upon any information contained in our website. You should seek independent professional advice from a person who is licensed and/or qualified in the applicable area. In particular, the content and materials available on our website do not constitute any form of advice or recommendation by us, should not be regarded as an offer, solicitation, invitation or recommendation to buy or sell investments, securities or any other financial services and is not intended to be relied upon by you in making any specific investment or other decision.

F. Limitation of Liability

You acknowledge and agree that you assume full responsibility for your use of our Products. You acknowledge and agree that any information you send or receive during your use of our Products may not be secure and may be intercepted or later acquired by unauthorized parties. You acknowledge and agree that your use of our website and Products is at your own risk. Recognizing such, you underand and agree that, to the fulles extend permitted by applicable law, neither OpenQ nor its parents, subsidiaries, affiliates and agencies, as well as the officers, directors, employees shareholders or representatives, or its suppliers or licensors will be liable to your for any direct, indirect, incidental, special, consequential, punitive, exemplary or other damages on any kind, including without limitation damages for the loss of profits, goodwill, use, data or other tangible oder intangible losses or any other damages based on contract, tort (including, in jurisdictions where permitted, negligence amd gross negligence), strict liability or any other theory (even if OpenQ had been advised of the possibility of such damages) resulting from the Products, the use or the inability to use our Products, unauthorized access to or alteration of your transmissions or data, statements or conduct of any third party on the website or Products, any action we take or fail to take as a result of communications you send to us, human errors, technical malfunctions, failoures, including public utility or telephone outages, omissions, interruptions, latency, deletions or defects of any device or network, provideder, or software (includingm, but not limited to, those that do not permit participation in the Products), any injury or damage to computer equiopment, inability to fully access our website or Products, theft, tampering, destruction, or unauthorized access to, images or other content of any kind, data that is processed late or incorrectly or is incomplete or lost, typographical, printing or other errors, or any combination thereof, or any other matter relating to our website or Products.

As stated above, OpenQ is not a party to the contractual relationship between the Customer(s) and Developer(s). Therefore you hereby release OpenQ, our affiliates, and our respective officers, directors, agents, subsidiaries, joint ventures, and employees from claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown, arising out of or in any way connected with any dispute that might arise within the contractual relationship you have as a Customer with a Developer or vice versa, whether it be at law or in equity.

OpenQ has not reviewed all of the websites linked on its website and is not responsible for the contents of any such linked website(s). The presence of any link on our website does not imply endorsement by OpenQ of the website's service, products, views or anything which is displayed on this external website. The use of any link provided on our website is at your own risk. To the fullest extent possible our liability is limited to the minimum extent permitted by any applicable law.

To the fullest extent legally possible under applicable law you hereby waive any and all legal protections which contradicts these Terms and our Agreement.

G. Indemnity

You agree, to the fullest extent permitted by applicable law, to release and to indemnify, defend and hold harmless OpenQ and its parents, subsidiaries, affiliates and agencies, as well as the officers, directors, employees, shareholders and representatives, from and against any and all losses, liabilities, expenses, damages, costs (including attorneys’ fees and court costs) claims or actions of any kind whatsoever arising or resulting from: (i) your use of our Products, (ii) your violation of these Terms, (iii) any of your acts or omissions that implicate publicity rights, defamation, invasion of privacy, confidentiality, intellectual property rights or other property rights, (iv) any misrepresentation by you and (f) any disputes or issues between you as Customer and your contractual relationship with a Developer or visa versa.

OpenQ reserves the right, at its own expense, to assume exclusive defense and control of any matter otherwise subject to indemnification by you and, in such case, you agree to cooperate with OpenQ in the defense of such matter.

H. Intellectual Property

I. Copyright

All materials on our website, including, without limitation, software, images, text, graphics, illustrations, logos, patents, trademarks, service marks, copyrights, photographs, audio, videos, music, and other content of any kind or form (hereinafter referred to as “Materials”) are the exclusive property of OpenQ. Except as explicitly permitted differently in this sections (H.), nothing in this Agreement shall be deemed to create a license in or under any such intellectual property rights, and you agree not to sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit or create derivative works from any of OpenQs materials.

II. License

As of now we are not providing any commercial or non-commercial license to our code. In case you would like to get a license in this regard, please reach out to [email protected]

I. Termination and Suspension

OpenQ may terminate or suspend all or part of the Product(s) without prior notice or liability if you breach any of the Terms of the Agreement. We may, in our sole discretion and without liability to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Product(s).

The following provisions of the Terms survive any termination of these Terms: Disclaimer, Limitation of Liability, Indemnity and Miscellaneous.

J. Miscellaneous

I. Entire Agreement

These Terms constitute the entire Agreement between you and OpenQ with respect to the Products and supersedes any prior agreements, oral or written, between you and OpenQ.

II. Waiver and Severability of Terms

The failure of OpenQ to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. If any provision of the Terms is found by an arbitrator or court of competent jurisdiction to be invalid, the parties nevertheless agree that the arbitrator or court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms remain in full force and effect.

III. Class Action Waiver

The parties agree that any arbitration or other permitted action shall be conducted in their individual capacities only and not as a class action or other representative action, and the parties expressly waive their right to file a class action or seek relief on a class basis. You and OpenQ agree that each may bring claims against the other party only in your or its individual capacity, and not as a plaintiff or class member in any purported class or representative proceeding. If any court or arbitrator determines that the class action waiver set forth in this paragraph is void or unenforceable for any reason or that an arbitration can proceed on a class basis, then the arbitration provision which theoretically be possible to apply on the sole discretion of the parties, will be not applied.

IV. International Users

Our website and Products are controlled, operated and administered by OpenQ from its offices within Germany and is not intended to subject OpenQ to the laws or jurisdiction of any state, country or territory other than Germany. OpenQ does not represent or warrant that the website or any part thereof is appropriate or available for use in any particular jurisdiction other than Germany. Those who choose to access our website and make use of our Products do so on their own initiative and at their own risk, and are responsible for complying with all local statutes, orders, regulations, rules, and other laws. OpenQ may limit the website’s availability, in whole or in part, to any person, geographic area or jurisdiction we choose, at any time and in our sole discretion.

V. Modifications of these Terms

Due to the fast pace not only of technological developments but also from a regulatory side, we may, at our sole discretion, amend or update, in whole or in part these Terms, without any obligation to notify you in advance. We recommend that you visit this page regularly to be informed of any changes. Your continued use of our Products after any changes and updates will constitute your consent to such changes and updates.

VI. Governing LawS

Any claim related to OpenQs Website shall be governed exclusively by the laws of Germany excluding the conflict of laws principles thereof.

Any dispute arising out of or in connection with these Terms shall be submitted to the exclusive jurisdiction of the competent courts of the city of Berlin, Germany.

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