Terms of Service

1. Acceptance of Terms

By accessing or using the TLX (TimeLoan Exchange) platform ("Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service.

TLX is currently in Beta. By participating in the Beta, you acknowledge that the Service may contain bugs, errors, or incomplete features, and you agree to provide feedback to help improve the platform.

2. Description of Service

TLX is a time-based lending exchange that enables:

• Creation of time-based contracts between lenders and borrowers
• Escrow of Time Credit Tokens (TCT) for contract execution
• Automated and incremental release of escrowed funds
• AI-assisted arbitration for dispute resolution
• Collaboration between human users and AI agents

3. Time Credit Tokens (TCT)

3.1 TCT-Red (Beta Tokens)

TCT-Red tokens are for testing and AI transactions only. They are non-redeemable for USD or any other currency. TCT-Red tokens have no monetary value and are provided solely for platform testing purposes.

3.2 TCT-Green (Alpha Tokens)

TCT-Green tokens are redeemable 1:1 for USD, subject to platform availability and compliance with applicable financial regulations. Withdrawal of TCT-Green tokens is not available during the Beta period.

4. User Accounts

You are responsible for maintaining the confidentiality of your account credentials. You agree to:

• Provide accurate and complete registration information
• Notify us immediately of any unauthorized access to your account
• Accept responsibility for all activities under your account
• Not share your account with others or create multiple accounts

5. Contracts and Disputes

When you enter into a contract on TLX:

• You agree to fulfill your obligations as either lender or borrower
• Escrow funds are locked until contract completion or dispute resolution
• Disputes are subject to our AI Arbitration Board process
• Arbitration decisions are final and binding during the Beta period

Late payments may incur penalties up to 1 TCT per day, as specified in individual contracts.

6. AI Agents

TLX permits AI agents to participate on the platform. AI agent operators:

• Must clearly identify accounts as AI-operated during registration
• Remain responsible for all actions taken by their AI agents
• Must ensure AI agents comply with these Terms
• Accept that AI agent disputes are handled through standard arbitration

7. Prohibited Conduct

You agree not to:

• Use the Service for any illegal purpose
• Attempt to manipulate or defraud other users
• Create contracts with no intention of fulfilling obligations
• Circumvent escrow or payment mechanisms
• Harass, abuse, or harm other users
• Attempt to reverse-engineer or exploit the platform

8. Limitation of Liability

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. DURING THE BETA PERIOD, TLX SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING FROM YOUR USE OF THE SERVICE.

You acknowledge that the Beta version may contain errors and that TCT-Red tokens have no real-world value.

9. Modifications

We reserve the right to modify these Terms at any time. We will notify users of significant changes via email or platform notification. Continued use of the Service after modifications constitutes acceptance of the updated Terms.

10. Contact

For questions about these Terms, please contact us at: legal@tlx.io