Blockchain Service-Specific Terms
Last Updated: July 1, 2025
Quick Reference
These terms supplement our Main Services Agreement with blockchain and securities-specific provisions. Key points:
- You control and are responsible for your smart contracts and tokenized securities
- Blockchain transactions are permanent and irreversible
- Gas fees and network costs are your responsibility
- We don't custody private keys, crypto assets, or securities
- Specific requirements for SEC-registered token offerings
- Integration with approved third-party services required
1. Smart Contract Deployment Service
1.1 Pre-Deployment Requirements
Before deploying any smart contract through our platform:
Standard Requirements:
- Security audit required for mainnet deployments over $10,000 value
- Gas optimization must achieve "Acceptable" rating in our analyzer
- Documentation including function descriptions and risk disclosures
- Testing on testnet with minimum 95% test code coverage on smart contracts
Securities-Specific Requirements:
- Security audit of the master codebase used to deploy for ALL tokenized securities deployments
- Legal opinion on token classification (to be provided through Jones Day or a legal council of the client's choosing, to be approved by Nomyx)
- SEC filing documentation (Form D, Reg A/A+ qualification, or Reg S certification) or equivalent e.g. AIFM(EU) or VARA (GCC)
- GAAP audit reports (for Reg A offerings)
- Transfer agent agreement (if applicable as regulation requires)
- Investor communication protocols
- Compliance rule implementation verification
1.2 Our Responsibilities
- Provide deployment tools and templates
- Estimate gas costs (not guaranteed)
- Verify contract compilation
- Submit transactions to network
- Provide Diamond Proxy (ERC-2535) upgrade mechanisms
- Integrate compliance rule libraries via Nomyx ID & Persona
1.3 Your Responsibilities
- Ensure workflows provided by deployed contracts are correct (correct data flows are your responsibilities alongside approval of our deployed codebase)
- Fund gas fees post deployment for any investor or admin transaction costs
- Comply with all applicable laws
- Monitor and maintain transactions on deployed contracts
- Implement required compliance rules
- Maintain current SEC filings
- Update fund valuations as required
1.4 Deployment Limitations
- Maximum contract size per facet: 24KB (Ethereum limit)
- Batch deployments: 1 diamond contract with multiple facets per transaction
- High-value deployments require additional verification
- Securities tokens require compliance review
- Certain contract types prohibited (see Acceptable Use)
1.5 Post-Deployment
- Contracts are immutable once deployed (except Diamond Proxy upgrades)
- We retain no control over your contracts
- Upgrade patterns must be implemented pre-deployment
- You're responsible for all contract outcomes
- Compliance monitoring remains your obligation including investor onboard/offboarding/flagged investors monitoring
2. Token Creation and Management
2.1 Token Standards Supported
- ERC-20: Fungible tokens (with permission controls)
- ERC-721: Non-fungible tokens (NFTs with permission controls)
- ERC-1155: Multi-token standard w/ permission controls
- Custom standards: With prior approval
- Diamond Proxy (ERC-2535): For upgradeable implementations
2.2 Compliance Requirements
You represent and warrant that:
- Tokens don't constitute unregistered securities
- You've obtained necessary legal opinions
- KYC/AML procedures are implemented
- Marketing complies with regulations
- All required SEC filings are current
- Transfer restrictions are properly implemented
2.3 Token Features
Available features (vary by plan):
- Minting controls and caps
- Pause/unpause functionality
- Burn mechanisms
- Access control (roles/permissions)
- Snapshot capabilities
- Compliance rule enforcement
- Transfer restrictions
- Investor whitelist management
- Automated distribution mechanisms
2.4 Restrictions
You may not create tokens for:
- Unregistered securities offerings
- Ponzi or pyramid schemes
- Money laundering purposes
- Sanctions evasion
- Any illegal activities
- Non-compliant fund structures
2.5 Fund Tokenization Specific Requirements
- Dual token structure: ERC-721 for fund assets, ERC-20 for investor shares
- Mandatory compliance rule embedding at minting or project setup
- Integration with approved identity providers
- 12-month lockup enforcement between Reg A offerings and other regulatory limitations
- Automated fee distribution
- NAV updates required annually with audit verification
- Investor cap management per SEC regulations
3. Blockchain Infrastructure Access
3.2 Supported Networks
Current networks (subject to expansion):
- Ethereum (Mainnet, Goerli, Sepolia)
- Polygon (Mainnet, Mumbai)
- Arbitrum One
- Optimism
- Base
- Binance Smart Chain
- Avalanche C-Chain
- Plume
- XDC
- Kadena EVM chain
- Trusted Smart Chain (TSC)
Note: Native USDC support required for securities transactions
3.3 Network Limitations
- We don't control network performance
- Congestion may delay transactions
- Fork handling per network consensus
- No guarantee of transaction inclusion
- TSC-specific features may not be portable
4. Gas Management Service
4.1 Gas Estimation
- Estimates provided for guidance only
- Actual costs may vary significantly
- Network conditions affect pricing
- You're responsible for sufficient funding
- Securities transactions may require higher gas limits
Gas costs are only facilitated by Nomyx on Nomyx Deployed and Audited contracts for L2s; users are responsible for all gas fees on Ethereum.
4.2 Gas Payment Options
- Direct Payment: You provide ETH/native tokens
- Gas Tank: Pre-fund account for automatic payment
- Meta-transactions: Available on supported networks
- Sponsored Transactions: For qualified securities offerings
4.3 Gas Policies
- Unused gas refunded to your wallet
- Failed transactions still incur gas costs
- Price spikes not our responsibility
- Emergency gas loans not available
5. Blockchain Data and Analytics
5.1 Data Services Provided
- Real-time transaction monitoring
- Historical blockchain data access
- Event log indexing and search
- Custom data webhooks
- Analytics dashboards (GF2.0)
- Compliance reporting tools
- Investor activity tracking (GF2.0)
- Fund performance metrics (GF2.0)
5.2 Data Accuracy
- We index public blockchain data
- Reorganizations may affect data
- Finality varies by network
- You should implement confirmations
- Securities data requires additional verification
5.3 Data Retention
- Real-time data: 24 hours
- Indexed data: 2 years
- Archived data: By request
- Custom retention: Available
- Securities compliance data: 7 years minimum
6. IPFS and Decentralized Storage
6.2 Storage Limits
7MB per file limit with an upper cap of 10GB for all metadata per org on the enterprise plan.
6.3 Content Policies
- No illegal content
- No malware or exploits
- Copyright compliance required
- Adult content restricted
- Securities documents must be encrypted
7. Risk Acknowledgments
7.1 Blockchain Risks
You understand and accept:
- Permanence: Blockchain transactions cannot be reversed
- Public visibility: All on-chain data is public on public blockchains; private blockchain deployments available on request
- Network dependency: We don't control blockchain networks
- Economic risks: Token values may fluctuate dramatically
- Technical risks: Smart contracts may have zero-day bugs
- Regulatory risks: Laws may change rapidly
- Integration risks: Third-party services may fail
7.2 No Custody or Control
We explicitly:
- Don't hold private keys
- Can't recover lost keys
- Don't control your assets
- Can't reverse transactions
- Won't act as custodian
- Don't manage investor funds
- Can't guarantee exchange listings
7.3 Forks and Network Changes
In case of network forks:
- We'll follow majority consensus
- No obligation to support minority chains
- You may lose access to forked assets
- Service interruption possible
- Securities may require re-registration
8. Compliance Tools
8.1 Available Tools
- Transaction screening
- KYT/AML at Wallet level (through DFNS)
- Sanctions list checking
- Travel rule compliance
- Regulatory reporting templates
- Investor verification (Persona integration)
- Accreditation checking (Persona)
- Transfer restriction enforcement
8.2 Tool Limitations
- You remain responsible for compliance
- Tools provide assistance, not guarantee
- False positives possible
- Regular updates required
- Third-party service dependencies
9. Service Level Commitments
9.1 Uptime Targets
- API availability: 99.9%
- Dashboard access: 99.5%
- Support response: Per plan
- Third-party integrations: Best effort
9.2 Exclusions
SLA doesn't cover:
- Blockchain network issues
- Gas price spikes
- Network congestion
- Fork-related downtime
- Scheduled maintenance
- Third-party service outages
10. Additional Restrictions
10.1 Prohibited Activities
Don't use our services for:
- Mixer/tumbler services
- Wash trading or market manipulation
- Flash loan attacks
- MEV exploitation (harmful)
- Spam token creation
- Unregistered securities offerings
- Non-compliant fund structures
10.2 Rate Limits
Abuse prevention limits:
- 2 deployments per day per domain
- 20 active fund/deal tokens per account (additional funds available on request)
- 1M API calls per day
- Custom limits available
- Securities tokens: Additional review required
11. Third-Party Integrations
11.1 Required Integrations
For securities tokenization, you must use:
- DFNS: For MPC wallet infrastructure
- Bridge.xyz/HiFi: For fiat on/off ramps
- MTN: For tokenized deposit based transactions
- Persona: For identity verification backend
- 1Transfer: For transfer agent services (where applicable)
11.2 Integration Support
- API documentation provided
- Sandbox environments available
- Technical support included
- Custom integration assistance (Enterprise only)
12. Updates to These Terms
We may update these terms to:
- Support new blockchain networks
- Add new service features
- Comply with regulations
- Improve security measures
- Accommodate new securities requirements
Updates effective 30 days after posting unless urgent.
Contact
- Technical support: support@nomyx.io
- Compliance questions: compliance@nomyx.io
- Sales inquiries: sales@nomyx.io
- Emergency (24/7): security@nomyx.io
These Service-Specific Terms supplement the Main Services Agreement. In case of conflict, these specific terms control for blockchain services.