Terms of Service

Date of Last Revision: June 2024

Welcome to Nanoconomy. These Terms of Use and Service (or this “Agreement”) governs your relationship with Nanoconomy.com (“Website”), and the related products, platforms, applications, and services (“Services”) offered and operated by Crayon Bits, LLC (“Nanoconomy,” “we,” “us” or “our”). By registering, accessing, or in any way using our Website or Services, you (“you” “your” “customer” or the “User”) signify that you have read, understand, and agree to be bound by this Agreement.

If you do not agree to be bound by this Agreement, DO NOT click “I agree” and DO NOT visit our Website, create an account, or use our Services.

PLEASE READ THIS AGREEMENT AND THE FOLLOWING TERMS CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION REGARDING YOUR LEGAL RIGHTS, REMEDIES AND OBLIGATIONS. THESE INCLUDE VARIOUS LIMITATIONS AND EXCLUSIONS AND A GOVERNING LAW CLAUSE FOR ANY DISPUTES.

  1. Privacy Policy Incorporated Herein. We have developed a Privacy Policy in order to inform you of practices with respect to the collection, use, disclosure and protection of your information. You can find the Privacy Policy, which is incorporated into this Agreement, on our Website’s home page. By agreeing to this Agreement, you also agree to the Privacy Policy.

  2. Account Eligibility, Creation, and Security. You represent and warrant that you are above the age of majority in your state of residence and that you are over the age of 13. To access and use the Website and Services, you must create a Nanoconomy account (“Account”). In creating your Account, you agree to provide accurate, current, and complete information about yourself. You also agree to maintain the security of your Account, including by safeguarding any Account creation information, including your Account password. You agree to be fully responsible for all use of your Account and for any actions that take place using your Account. You acknowledge that Nanoconomy will use the email address you provide to create your Account as the primary method for communication with you.

  3. User Rights and Obligations.

    1. License to User; Subscription. The User has a nonexclusive, nontransferable, limited, and revocable right to use the Website and Services as intended and in accordance with all laws, regulations, and terms of this Agreement. The User will be able to purchase a specific subscription plan to Services through their Account (a “Subscription”).
    2. Protection of Data. To use the Services, Users may upload to Nanoconomy different kinds of information, data, and/or files (together as “Data”). Nanoconomy will maintain commercially reasonable administrative, physical, and technical safeguards for protection of the security, confidentiality, and integrity of Data. Nanoconomy will not modify, disclose, or access any Data except to offer the Services as intended or upon User’s specific request.
    3. Hosting. Nanoconomy will use commercially reasonable efforts to make the Website and Services available on a consistent basis, excluding any planned downtime (including for updates and maintenance).
    4. Restrictions. You agree not to use, or authorize any other person to use, the Website or Services:
      1. in any manner that is unlawful or that infringes the rights of others;
      2. to engage in any unauthorized or unlawful receipt, processing, transmission or storage of any Data;
      3. to access or use the Website or Services in any manner that is reasonably likely to damage, disable, overload, or impair the Website or Services;
      4. to rent, lease, sublicense, sell, transfer, assign, redistribute, host, or otherwise commercially exploit the Website or Services (excluding your Data);
      5. to reverse engineer, alter, modify, decompile, or extract code from the Website or Services;
      6. to access the Website or Services in order to build a similar or competitive product or service;
      7. to access (or attempt to access) the Website or Services by means other than through the interface that is provided by Nanoconomy; and
      8. to circumvent, disable, or otherwise interfere with the security or functionality of the Website or Services or of features that enforce limitations on use of the Website or Services
  4. Intellectual Property.

    1. Nanoconomy’s Intellectual Property. This Agreement does not confer any assignment of rights, title, or ownership in any of Nanoconomy’s intellectual property, including any of the Services or the components involved therewith, and Nanoconomy retains sole and exclusive right, title and ownership in and to all such intellectual property.
    2. User’s Intellectual Property. This Agreement does not confer any assignment of rights, title, or ownership in any of User’s Data processed or stored by Nanoconomy, and User retains sole and exclusive right, title and ownership in and to all such intellectual property.
    3. No Intellectual Property Infringement Permitted. You may not upload, distribute, or reproduce in any way any copyrighted material, trademarks or service marks or other proprietary information owned by another party without obtaining the prior written consent of the copyright owner.
  5. Agreement Term and Termination.

    1. Term. This Agreement will remain in full force and effect while you use the Website or Services or while your Subscription is active.
    2. Termination by Nanoconomy. Nanoconomy may terminate your Account and/or Subscription for any reason, including if you violate this Agreement or are engaged in illegal or fraudulent use of our Services, at any time in its sole discretion, with or without notice.
    3. Termination by You. You may terminate your Account and Subscription, at any time for any reason as well, by logging into your Account and following the instructions for cancellation; alternatively, you may send us an email. An email or phone request to cancel your Account or Subscription is not a proper cancellation until you have received direct confirmation from an agent of Nanoconomy. Once cancelled, all Data that is part of the Subscription is deleted.
    4. Request Data upon Termination. User shall have 30 days from any termination not for cause to request that Nanoconomy return its Data. Any such request shall be emailed to Nanoconomy.
  6. Usage and Restrictions.

    1. Acceptable Use All users of Nanoconomy’s services (“Services”) are expected to use the platform in a responsible and legal manner, consistent with any and all applicable laws and regulations, as well as this Usage Restriction Policy.
    2. Prohibited Content Users are strictly prohibited from uploading, sharing, distributing, or otherwise using Nanoconomy to process: a. Content that is sexually explicit, obscene, or pornographic; b. Content that exploits minors in any way; c. Content that depicts graphic violence or promotes harm, hatred, or discrimination against individuals or groups based on race, ethnicity, religion, gender, sexual orientation, disability, or any other discriminatory factors; d. Content that promotes or glorifies terrorism, crime, or any form of unlawful activity; e. Content that violates copyright, trademark, or other intellectual property rights; f. Content that contains malicious code, such as viruses, worms, or any software intended to damage or alter a computer system or data; g. Content that is misleading, false, or deceptive, including but not limited to deepfakes or manipulated media intended to deceive.
    3. Reporting Violations Should any user or third-party become aware of a violation of this Usage Restriction Policy, they are encouraged to promptly notify Nanoconomy with specific details of the offending content or behavior. Nanoconomy reserves the right to take any action deemed necessary and appropriate in response to such reports.
    4. Enforcement and Consequences Nanoconomy reserves the right to review and monitor content for compliance with this policy. Should content be found or reported that violates this policy: a. Nanoconomy may remove or restrict access to the content without notice; b. Nanoconomy may terminate or suspend the responsible user’s account; c. Nanoconomy may report the violation to law enforcement authorities if required or deemed appropriate.
    5. Revisions and Amendments Nanoconomy may amend, update, or change this Usage Restriction Policy at any time. Continued use of the Services after any such changes constitutes the user’s acceptance of the new terms.
    6. User Responsibility It is the user’s responsibility to read, understand, and adhere to this Usage Restriction Policy. By using Nanoconomy’s Services, the user agrees to refrain from uploading or processing content that violates this policy and acknowledges the potential consequences for non-compliance.
  7. Billing and Payments. Using our Services and purchasing a Subscription requires that a User accept Nanoconomy’s billing policies contained herein and that accompany a User’s Subscription.

    1. Payment Method. Nanoconomy will bill in accordance with your Subscription and collect payment from the method that the User provides when creating an Account or purchasing a Subscription. Nanoconomy may use its payment processing partner, Stripe, to process payments.
    2. Autorenewal. Unless terminated by either party, your Subscription will be automatically extended for successive renewal periods of the same duration as the original Subscription term, at the then-current non-promotional Subscription rate (if applicable). Users must request to terminate their Subscription at least two days prior to their next Subscription renewal date in order to avoid being charged for another Subscription term. All fees charged are nonrefundable.
    3. Delinquent Payments: In the event any payment is past due, payment will be retried for a period of two weeks. If all retries for a payment fail, the Subscription will be cancelled and Data will be deleted.
  8. Changes and Modifications. We reserve the right, at our sole discretion, to change, modify, add, or delete portions of this Agreement at any time without notice, provided that we post the changes to our Website and will indicate at the top of this webpage the date this Agreement was last revised. Your continued use of the Services after any such changes constitutes your acceptance of the new Agreement. If you do not agree to abide by these or any future Terms of Use and Service, then do not use or access (or continue to use or access) the Services. It is your responsibility to regularly check the Website to determine if there have been changes to this Agreement and to review such changes.

  9. Disclaimers and Limitations on Liability.

    PLEASE READ THIS SECTION CAREFULLY SINCE IT LIMITS THE LIABILITY OF CLIPULE TO YOU. EACH OF THE SUBSECTIONS BELOW ONLY APPLIES UP TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW. NOTHING HEREIN IS INTENDED TO LIMIT ANY RIGHTS YOU MAY HAVE WHICH MAY NOT BE LAWFULLY LIMITED. IF YOU ARE UNSURE ABOUT THIS OR ANY OTHER SECTION OF THIS AGREEMENT, PLEASE CONSULT WITH A LEGAL PROFESSIONAL PRIOR TO ACCESSING OR USING THE WEBSITE OR SERVICES. BY ACCESSING OR USING THE WEBSITE OR SERVICES, YOU REPRESENT THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO THESE TERMS, INCLUDING THIS SECTION.

    1. THE WEBSITE AND SERVICES, INCLUDING ALL CONTENT, FUNCTIONS, AND INFORMATION MADE AVAILABLE ON OR ACCESSED THROUGH THE SAME, IS PROVIDED ON AN “AS IS” “AS AVAILABLE” BASIS WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. Nanoconomy DOES NOT WARRANT THAT THE WEBSITE OR SERVICES, OR THE FUNCTIONS, FEATURES OR CONTENT CONTAINED THEREIN, WILL BE TIMELY, SECURE, UNINTERRUPTED OR ERROR FREE, OR THAT DEFECTS WILL BE CORRECTED.
    2. IN NO EVENT WILL Nanoconomy OR ITS DIRECTORS, EMPLOYEES OR AGENTS BE LIABLE TO YOU OR ANY THIRD PERSON FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING FOR ANY LOST PROFITS OR LOST DATA ARISING FROM YOUR USE OF THE WEBSITE OR ANY THIRD-PARTY APPLICATIONS, SOFTWARE OR CONTENT OR ANY OF THE MATERIALS ON, ACCESSED THROUGH OR DOWNLOADED FROM THE WEBSITE OR SERVICES, EVEN IF Nanoconomy IS AWARE OR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
    3. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, Nanoconomy’S LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER, AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO US FOR USING THE SERVICES DURING THE TERM OF THIS AGREEMENT AND IN NO CASE WILL EXCEED THE AMOUNT PAID BY YOU TO Nanoconomy IN THE PRECEDING 6 MONTHS. YOU ACKNOWLEDGE THAT IF NO FEES ARE PAID TO Nanoconomy FOR USE OF THE SERVICES, YOU SHALL BE LIMITED TO INJUNCTIVE RELIEF ONLY, UNLESS OTHERWISE PERMITTED BY LAW, AND SHALL NOT BE ENTITLED TO DAMAGES OF ANY KIND FROM Nanoconomy REGARDLESS OF THE CAUSE OF ACTION.
  10. Indemnity. You agree to indemnify, defend, and hold harmless Nanoconomy and its affiliates, officers, directors, employees, agents, and representatives for damages, losses, liabilities, settlements and expenses (including without limitation costs and attorneys’ fees), arising in connection with any claim, suit, proceeding, or other action arising from your use of the Website or Services, your conduct in connection with the same, or any violation of this Agreement or of any law or the rights of any third party.

  11. Governing Law; Venue and Jurisdiction. While the Website and Services can be accessed in different countries all over the world, by visiting or using the Website or Services, you agree that the laws of the United States shall apply to any actions or claims arising out of or in relation to this Agreement or your use of the Website or Services, without regard to conflicts of laws principles thereof. Your further agree that the laws of the State of New York without regard to principles of conflict of laws, will govern this Agreement and any dispute of any sort that might arise between you and Nanoconomy or any of our affiliates. You agree not to commence or prosecute any action in connection with this Agreement other than in the state and federal courts in New York, and you hereby consent to, and waive all defenses of lack of personal jurisdiction and forum non conveniens with respect to venue and jurisdiction in the state and federal courts in New York.

  12. Miscellaneous.

    1. Fees and Taxes. You are responsible for all carrier data plan and other fees and taxes associated with your use of the Website and Services.
    2. Export. You agree that you shall comply with all applicable export and import control laws and regulations in your use of the Website and Services, or materials or services received through the same, and, in particular, you shall not export or re-export anything on or received through this site in violation of local or foreign export laws and/or without all required U.S. and foreign government licenses.
    3. Third Party Vendors. You acknowledge and agree that Nanoconomy may use third party vendors and hosting partners to provide the necessary hardware, software, networking, storage, and related technology required to run the Website and Services.
    4. Entire Agreement. These Terms of Use and Service constitute the entire agreement between you and Nanoconomy regarding the use of the Website and Services, superseding any prior agreements.
    5. Agreement Severability. If any provision of this Agreement is deemed unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from our Agreement and shall not affect the validity and enforceability of the remaining provisions
    6. Assignability. All of our rights and obligations under this Agreement are freely assignable by us to any of our affiliates or in connection with a merger, acquisition, restructuring, or sale of assets, or by operation of law or otherwise, and we may transfer your information to any of our affiliates, successor entities, or new owner.
    7. No Transfers. You will not transfer any of your rights or obligations under this Agreement to anyone else without our prior written consent.
    8. No Beneficiary Rights. Except as specifically stated herein, this Agreement does not give any third-party beneficiary rights.
    9. Non-Waiver. The failure of Nanoconomy to exercise or enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision in that or any other instance.
    10. Questions. Any questions regarding this Agreement should be addressed to our support team by email.
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