Welcome to BlokVault. These Terms and Conditions ("Terms") govern your use of our platform and services. By accessing or using BlokVault, you agree to be bound by these Terms.
By creating an account, accessing our platform, or using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you may not use our services.
BlokVault provides a platform for whiskey investment in premium whiskey collections through blockchain technology. Our services include:
To use our services, you must:
You are responsible for:
Investing in whiskey through BlokVault involves significant risks, including:
BlokVault does not provide investment advice, recommendations, or guarantee returns. All investment decisions are your sole responsibility. You should consult with qualified financial advisors before making investment decisions.
BlokVault charges fees for various services, including:
All fees are disclosed before transactions and may be updated with notice to users.
By using our platform, you acknowledge and agree that:
You agree not to:
We reserve the right to suspend or terminate your account if you:
Upon termination, you may withdraw your investments subject to applicable restrictions and fees.
BlokVault and its licensors own all intellectual property rights in the platform, including trademarks, copyrights, and trade secrets. You may not copy, modify, or distribute our intellectual property without permission.
To the maximum extent permitted by law, BlokVault's liability is limited to the amount of fees paid by you in the 12 months preceding the claim. We are not liable for:
You agree to indemnify and hold harmless BlokVault from any claims, damages, or expenses arising from your use of our services, violation of these Terms, or infringement of any rights of third parties.
These Terms are governed by the laws of New South Wales, Australia. Any disputes will be resolved through binding arbitration in accordance with the rules of the Australian Centre for International Commercial Arbitration (ACICA), except for claims that may be brought in small claims court.
BlokVault operates in compliance with applicable financial regulations. You acknowledge that:
We are not liable for delays or failures caused by circumstances beyond our reasonable control, including natural disasters, government actions, network failures, or other force majeure events.
We may update these Terms from time to time. Material changes will be communicated to users with reasonable notice. Continued use of our services after changes constitutes acceptance of the updated Terms.
If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will continue to be valid and enforceable to the fullest extent permitted by law.
All physical bottle redemptions are processed and fulfilled by a New South Wales licensed liquor distributor, in accordance with applicable Australian liquor laws and regulations. The distributor handles age verification, packaging, and dispatch from the licensed cellar in Sydney, Australia.
To enable lawful delivery, we share the fulfilment information you provide at redemption — recipient name, shipping address, contact details, and proof of age where required — with the distributor. The recipient must be of legal drinking age in their jurisdiction and may be required to present photo ID and signature on delivery. Bottles cannot be shipped to jurisdictions where the import of alcohol is prohibited.
Import duties, excise taxes, and any other charges levied by the destination country are the responsibility of the recipient and are payable on arrival.
In addition to the storage, handling and shipping costs described above, redemptions made within the first few years after a bottle is vaulted are subject to a declining early-redemption fee, calculated as a percentage of the bottle’s first-sale (mint) price. The fee reflects the value to the collection of bottles remaining in the pool, and tapers to zero over time:
The applicable fee is calculated from the bottle’s on-chain vaulting (mint) date, disclosed to you on the redemption screen before you confirm, and settled in USDC together with the other redemption charges. It applies only to physical redemption — buying, selling or transferring your NFT on the secondary market is never subject to it. We may vary this schedule from time to time with notice; the schedule in effect at the time of your redemption applies.
Because each NFT is controlled solely by the holder’s private key, we may from time to time — at our discretion, and generally no more than once every two to five years — ask you to complete a periodic proof of ownership (an "attestation"). An attestation is a simple, free, off-chain signature from the wallet holding your token confirming that you still control that wallet, and may also ask you to confirm your contact details and re-accept these Terms. Any sale or transfer of your token also demonstrates wallet control and resets the attestation period, so active traders will rarely, if ever, be prompted.
If you do not complete a requested attestation within the time specified, we will allow a grace period and make reasonable efforts to contact you using the details we hold for you (including the email address provided during identity verification). If a holding remains unattested and unreachable after that grace period and notices, the associated physical bottle may be treated as abandoned and dealt with under applicable warehouse, lien and unclaimed-property laws — which may include our exercising a warehouseman’s lien over the bottle and reclaiming and, where permitted, liquidating it to recover accrued storage, handling and related costs.
Any proceeds remaining after recovery of those costs will be held for the benefit of the owner in accordance with applicable law. For the avoidance of doubt, this process concerns only the physical bottle held in custody: your NFT remains in your wallet and under your control, and you may continue to hold, transfer or sell it, subject to these Terms. This program is not yet in operation; we will provide further details and reasonable notice before any attestation requirement takes effect.
If you have questions about these Terms, please contact us at:
Email: legal@blokvault.com
By using BlokVault, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.