Terms of Service

These terms are the agreement between you and RN2 Technology Co., Ltd. ("we", "us") for the Fyer app and anything you do through it. By creating an account you accept them. If you do not accept them, do not use Fyer.

• 01 What Fyer does
• 02 Who can use it
• 03 Your account
• 04 Deposits and conversion
• 05 Vouchers
• 06 Spending and balances
• 07 Refunds
• 08 Expiry
• 09 Fees and rates
• 10 What you must not do
• 11 Suspension and closure
• 12 What we are and are not responsible for
• 13 Third parties
• 14 Changes
• 15 Governing law
• 16 Contact

01What Fyer does

Fyer lets you send supported stablecoins and receive Korean tourism vouchers denominated in Korean won. You spend those vouchers at participating merchants in Korea by showing a code.

Fyer is a way to pay. It is not an investment product, a savings account or a trading venue. We do not give investment, tax or legal advice, and nothing in the app should be read as advice.

02Who can use it

• You must be at least 19 years old.
• You must hold a valid passport and complete the identity check in the app.
• You must be using Fyer for yourself, not on behalf of someone else.
• You must not be barred from using this kind of service under any law that applies to you. [CONFIRM with counsel — eligibility and sanctions wording]

03Your account

You complete an identity check before Fyer issues any value to you. You are responsible for giving us accurate information and for telling us if it changes.

Your PIN and your device protect your account. Keep the PIN to yourself. If you think someone else has reached your account, tell us at once — until you do, we have no way to know.

04Deposits and conversion

• Fyer accepts the stablecoins listed in the app. Sending any other asset, or using a network we do not support, may put it permanently out of reach — we cannot recover it.
• Send only from a wallet you control. Deposits from third parties may be reversed or held.
• A deposit is credited after the network confirms it. Confirmation time depends on the network, not on us.
• The rate applied is the one shown in the app at the moment of conversion.

05Vouchers

Vouchers are issued by a Korean tourism voucher issuer, not by us. We arrange the issuance and show it to you in the app.

• Vouchers are denominated in Korean won and can be used only in Korea, at participating merchants.
• A voucher has a validity period. Section 08 covers what happens at the end of it.
• Vouchers are for you. Do not sell them, trade them or pass them to anyone else.
• Where the issuer applies limits — per transaction, per day, per month — those limits apply to you as well. Current figures are shown in the app.

06Spending and balances

You spend by showing the code in the app at the counter. The amount is taken from your balance and the remainder stays available for next time.

The issuer's record is the one that counts. The app shows what the issuer has confirmed. If the two ever disagree, we investigate and correct our side; the issuer's figure decides the outcome.

07Refunds

You can ask to convert an unused balance back to stablecoin before you leave Korea.

• Refunds return to a wallet address you control.
• Amounts already spent cannot be refunded.
• Processing time and any fee are shown before you confirm.
• A refund may be delayed while a fraud or compliance check is open.
• [CONFIRM — refund window, minimum amount, fee, and rate basis]

Purchases you make at merchants are between you and that merchant. Take those up with the merchant, not with us.

08Expiry

Vouchers expire at the end of their validity period. The app shows the date on each one and warns you as it approaches. Refund an unused balance before it expires.

[CONFIRM — what happens to a balance that expires unused, and any grace period]

09Fees and rates

Every fee is shown before you confirm the action that incurs it. We do not take fees that were not on screen at that moment.

Rates move. The rate you see when you convert is the rate you get. Network fees charged by a blockchain are set by that network and are not ours.

[CONFIRM — the fee schedule itself]

10What you must not do

• Use someone else's identity, or let anyone else use your account.
• Use Fyer to launder money, to move the proceeds of crime, or to fund anything illegal.
• Resell or transfer vouchers.
• Break, probe or overload the service, or work around its limits.
• Use Fyer for a business or to process payments for other people.

11Suspension and closure

We may suspend or close your account if:

• we are required to by law or by a competent authority;
• we reasonably suspect fraud, misuse or a breach of section 10;
• the identity check fails or turns out to be false;
• you ask us to.

We will tell you when we suspend an account unless the law prevents us. A balance that is lawfully yours will be returned once any investigation ends.

12What we are and are not responsible for

We are responsible for running the service with reasonable care and for our own mistakes. We are not responsible for:

• a blockchain network being congested, delayed, reorganised or unavailable;
• an asset you sent that we do not support, or a transfer sent to the wrong address;
• the value of any stablecoin changing;
• a merchant refusing a voucher, or the goods and services you bought;
• the voucher issuer's or the identity provider's own systems being unavailable;
• losses caused by someone using your PIN or device.

[CONFIRM with counsel — liability cap and any statutory rights that cannot be excluded]

13Third parties

Fyer depends on other companies: the voucher issuer, the identity verification provider, blockchain networks, and cloud infrastructure. Their terms apply to their part of what happens. We choose them with care but we do not control them.

14Changes

We may change these terms. The effective date at the top tells you which version is current. If a change materially affects you, we will notify you in the app before it takes effect, and you may close your account and withdraw your balance if you do not accept it.

15Governing law

These terms are governed by the laws of the Republic of Korea, and disputes go to the courts of the Republic of Korea. This does not take away any right you have under the consumer law of the country you live in.

[CONFIRM with counsel — venue, and whether a dispute-resolution step comes first]

16Contact

RN2 Technology Co., Ltd. [CONFIRM]
1F, 11, Dongtansandan 9-gil, Dongtan-gu, Hwaseong-si, Gyeonggi-do, Republic of Korea [CONFIRM]
contact@fypherusd.com

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