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June 2025
Ginseng Swap surpasses 100k in cumulative swaps
June 2025
Ginseng Swap evaluates on-ramp/off-ramp partnerships
May 2025
Ginseng Swap surpasses 40k TVL and 70k in cumulative swaps
May 2025
Added multi-hop functionality between ETH to USDT to USDC in one swap
May 2025
Ginseng Swap adds ETH-USDT pair
April 2025
Ginseng Swap surpasses 20k in cumulative volume and 30k in TVL
April 2025
Ginseng Swap Latest Audit Report Released

Terms of Use: Ginseng Swap

Last updated: June 13, 2025

1. Introduction

Please read this document carefully, as it sets out the terms and conditions on which Ginseng Swap Limited and its affiliates and subsidiaries (collectively referred to as "Ginseng Swap") will provide services to you through our websites, APIs, or mobile applications.

Ginseng Swap operates as a decentralized platform, meaning our services are built on blockchain technology and may be subject to changes or limitations outside of our direct control, including network conditions, blockchain protocol changes, and regulatory developments.

1.1 Company Information

Ginseng Swap Limited is a company organized and existing under the laws of Hong Kong, and having its principal place of business at Room 1006, 10/F, Haleson Building, 1 Jubilee Street, Central, Hong Kong, which is registered with the Companies Registry of Hong Kong under business number 77243730.

Our platform is developed and maintained by Ginseng Swap Limited and its technical partners. While we work with various service providers and technical partners to deliver our services, Ginseng Swap Limited remains the primary entity responsible for the platform's operation and user interface.

Third-Party Service Providers: Ginseng Swap Limited collaborates with technical partners and service providers to deliver the platform's functionality. However, Ginseng Swap shall not be liable for any acts, omissions, or failures of such third parties, including but not limited to technical disruptions, security breaches, or service unavailability.

1.2 Definitions

In this document:

  • References to we/our/us are to Ginseng Swap
  • References to Customer/you/your are references to you as a user of our services
  • "Service" includes our decentralized exchange platform, websites, APIs, or mobile applications, all of which are built on blockchain technology and may be subject to changes outside our control
  • "DEX" refers to our decentralized exchange platform
  • "Liquidity Provider" refers to users who provide liquidity to our trading pools
  • "Trading Pools" refers to the liquidity pools where trading occurs
  • "Smart Contract" refers to self-executing contracts with the terms directly written into code on the blockchain

2. Eligibility

To access any Ginseng Swap Services, you must:

  • Be aged 18 or above, or the age of majority in your jurisdiction, whichever is higher
  • Be capable of entering into legal contracts
  • Reside in a country where the services are available
  • Not be subject to any sanctions or restrictions that would prevent you from using our services
  • Have the legal capacity to use cryptocurrency services in your jurisdiction

Restricted Jurisdictions: Our services are not available to users in certain jurisdictions, including but not limited to:

  • Countries under international sanctions
  • Jurisdictions where cryptocurrency trading is prohibited
  • Regions with specific regulatory requirements that we cannot meet

It is your responsibility to ensure that your use of our services complies with all applicable laws in your jurisdiction. If you are unsure about the legal status of cryptocurrency trading in your jurisdiction, please consult with a legal professional before using our services.

3. Services

Ginseng Swap provides an interface for users to swap tokens through smart contracts on the Conflux blockchain. Our services include:

  • Interface for token swaps through smart contracts
  • Access to liquidity pools for token swaps
  • Platform analytics and metrics
  • Smart contract-based swap execution

Important Notice: Ginseng Swap operates solely as a non-custodial interface provider. We do not:

  • Hold, store, or have access to user assets
  • Execute trades or swaps on behalf of users
  • Provide financial advice or recommendations
  • Guarantee specific prices or execution rates
  • Control or influence market conditions or liquidity

Price Impact and Slippage: Users acknowledge that:

  • Token prices may be subject to significant price impact during swaps
  • Slippage may occur due to market conditions and pool liquidity
  • Final execution prices may differ from displayed prices
  • Ginseng Swap does not guarantee specific execution prices
  • Users are responsible for setting appropriate slippage tolerance

Future Developments: We continuously work to improve and expand our services. This may include:

  • Support for additional tokens and swap pairs
  • Enhanced liquidity provision features
  • Improved analytics and interface tools
  • Integration with additional blockchain networks
  • New features to enhance user experience and security
  • Integration with other partners that offer on-ramp/off-ramp services

We will notify users of significant platform updates through our website and official communication channels.

4. Non-Custodial Nature of Services

Ginseng Swap operates as a non-custodial service, which means:

  • We do not hold, store, or have access to your digital assets at any time
  • We provide an interface that interacts with smart contracts on the blockchain
  • All transactions are executed directly on the blockchain through smart contracts
  • You maintain full control and custody of your assets at all times
  • We cannot access, transfer, or recover your assets under any circumstances

Critical Warning: As a non-custodial service, you are solely responsible for:

  • Safeguarding your private keys and wallet credentials
  • Verifying all transaction details before confirmation
  • Understanding that lost private keys cannot be recovered
  • Ensuring the security of your wallet and devices

5. External Wallet Dependencies

Our platform relies on external wallet providers for blockchain access:

  • We do not provide wallet services or custody solutions
  • Users must connect their own external wallet to interact with our platform
  • We are not responsible for the security, functionality, or availability of external wallets
  • Users are solely responsible for managing their wallet credentials and private keys
  • We cannot assist with wallet-related issues, including lost credentials or compromised wallets
  • Users must ensure their chosen wallet is compatible with our platform and the Conflux network

Third-Party Wallet Liability: Ginseng Swap is not responsible for the actions, omissions, or failures of external wallet providers, including but not limited to security breaches, loss of funds, transaction errors, or service interruptions. You acknowledge that your use of external wallets is at your own risk, and Ginseng Swap shall not be liable for any losses or damages arising from wallet-related issues.

Recommended Wallets: For optimal security and compatibility, we recommend using:

  • Well-established, audited wallet providers
  • Wallets that are regularly updated and maintained

Compatibility Warning: Using outdated or unsupported wallets may result in:

  • Failed transactions
  • Loss of funds
  • Inability to access certain features
  • Security vulnerabilities

6. Liquidity Provision and Fees

Ginseng Swap operates as a decentralized exchange where:

  • All trading fees are distributed directly to independent liquidity providers
  • Fee levels may vary for different trading pairs and are subject to change
  • Liquidity providers can earn fees by depositing their assets into trading pools
  • Fees are automatically distributed to liquidity providers based on their share of the pool
  • Ginseng Swap does not take any portion of the trading fees

Fee Distribution: Fees are distributed proportionally based on:

  • Your share of the total liquidity in a pool
  • The trading volume in the pool
  • The fee tier of the trading pair

Fee Changes: Fee levels may be adjusted based on:

  • Market conditions and trading volume
  • Protocol upgrades and improvements
  • Community governance decisions
  • Regulatory requirements

7. Risk Disclosure

Trading cryptocurrencies involves significant risk. You should carefully consider whether trading cryptocurrencies is suitable for you in light of your financial condition. Specific risks include:

  • Price volatility of cryptocurrencies
  • Smart contract risks and potential vulnerabilities
  • Impermanent loss for liquidity providers
  • Network congestion and transaction delays
  • Regulatory changes affecting cryptocurrency trading
  • Risks associated with external wallet providers
  • Potential loss of assets due to wallet security issues
  • Incompatibility between wallet providers and our platform

Smart Contract Security: Our smart contracts undergo:

  • Regular security audits by reputable firms
  • Continuous monitoring and testing
  • Community review and feedback

For more information about these risks and how to manage them, please refer to our educational resources and documentation.

8. User Responsibilities

By using our Services, you agree to:

  • Provide accurate and complete information when required
  • Maintain the security of your wallet and private keys
  • Comply with all applicable laws, regulations, and sanctions in your jurisdiction
  • Not engage in any fraudulent or manipulative activities
  • Verify all transaction details before confirming
  • Understand the risks associated with providing liquidity
  • Ensure your wallet is properly secured and backed up
  • Verify compatibility of your wallet with our platform
  • Accept full responsibility for any wallet-related issues
  • Double-check all transaction addresses and details
  • Keep your wallet software updated
  • Report any suspicious activity or potential security issues to info@ginsengswap.com promptly

Prohibited Activities: You further agree not to:

  • Use the Services for illegal activities, including but not limited to money laundering, terrorist financing, tax evasion, or fraud
  • Engage in manipulative trading practices, such as wash trading, front-running, or pump-and-dump schemes
  • Attempt to exploit, hack, or interfere with the platform, smart contracts, or blockchain network
  • Use automated systems, bots, or scripts to abuse the Services or disrupt platform operations
  • Impersonate any person or entity or provide false information
  • Violate the intellectual property rights of Ginseng Swap or third parties
  • Distribute malware, viruses, or other harmful code through the platform

Consequences of Violation: Violation of these responsibilities may result in immediate suspension or termination of your access to the Services, and Ginseng Swap reserves the right to report illegal activities to relevant authorities.

9. Smart Contract Risks

As a decentralized exchange, Ginseng Swap relies on smart contracts. You acknowledge and accept that:

  • Smart contracts are experimental technology
  • There may be bugs or vulnerabilities in smart contracts
  • Transactions are irreversible once confirmed
  • You are responsible for verifying all transaction details

Risk Mitigation: We implement various measures to manage smart contract risks:

  • Regular security audits by reputable firms
  • Continuous monitoring and testing
  • Gradual deployment of updates
  • Community review and feedback

10. Limitation of Liability

To the maximum extent permitted by law, Ginseng Swap shall not be liable for:

  • Any indirect, incidental, special, consequential, or punitive damages
  • Loss of profits or revenues
  • Loss of data or other intangible losses
  • Smart contract failures or vulnerabilities
  • Network congestion or transaction delays
  • Market volatility or trading losses
  • Loss of assets due to wallet security issues
  • Issues with external wallet providers
  • Inability to access or use our platform due to wallet incompatibility
  • Loss of assets due to user error in wallet management
  • System downtime or technical issues
  • Errors in transaction execution
  • Regulatory changes affecting service availability
  • Price impact or slippage in token swaps
  • Losses due to market manipulation or flash loan attacks
  • Losses due to front-running or sandwich attacks
  • Losses due to impermanent loss in liquidity provision

10.1 Disclaimer of Warranties

To the maximum extent permitted by law, Ginseng Swap provides the Services on an "as is" and "as available" basis without any warranties or representations, whether express, implied, or statutory, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, or uninterrupted or error-free operation.

Ginseng Swap does not warrant that the Services will meet your requirements, be secure, timely, accurate, or free from defects, bugs, or vulnerabilities. You use the Services at your own risk, acknowledging that blockchain technology and smart contracts are experimental and may contain inherent risks.

No Guarantees: We make no guarantees regarding:

  • The accuracy of price information or market data
  • The availability or continuity of services
  • The security of the platform or smart contracts
  • The compatibility with all wallet providers
  • The absence of technical errors or bugs
  • The profitability of any trading activities

10.2 Indemnification

You agree to indemnify, defend, and hold harmless Ginseng Swap Limited, its affiliates, directors, officers, employees, agents, and technical partners from and against any claims, liabilities, damages, losses, costs, or expenses (including reasonable legal fees) arising out of or related to:

  • Your use of the Services
  • Your violation of these Terms of Use
  • Your violation of any applicable laws, regulations, or third-party rights
  • Your failure to secure your wallet or private keys
  • Any fraudulent, negligent, or malicious activities conducted through your use of the Services
  • Your violation of any sanctions or export control laws
  • Any misrepresentation or false information provided by you
  • Your use of the Services for illegal or unauthorized purposes

This indemnification obligation shall survive the termination of these Terms of Use and shall apply to any claims arising from your use of the Services, regardless of when such claims are made.

11. Force Majeure

Ginseng Swap shall not be liable for any failure or delay in performance under these Terms of Use due to circumstances beyond our reasonable control, including but not limited to:

  • Acts of God, natural disasters, or extreme weather conditions
  • War, terrorism, or civil unrest
  • Government actions, regulations, or restrictions
  • Network failures or blockchain protocol changes
  • Technical failures or security breaches beyond our control
  • Market disruptions or extreme volatility
  • Any other event that is beyond our reasonable control

In the event of force majeure, Ginseng Swap may suspend or terminate services without liability to users.

12. Changes to Terms

We reserve the right to modify these terms at any time. We will notify users of any material changes through:

  • Announcements on our website
  • Notifications in our platform interface
  • Social media announcements

Continued use of our services after such changes constitutes acceptance of the modified terms. We recommend regularly checking our website for updates.

13. Tax Responsibilities

You are solely responsible for:

  • Determining what, if any, taxes apply to your token swaps and other transactions
  • Reporting and remitting the correct tax to the appropriate tax authorities
  • Maintaining accurate records of your transactions for tax purposes
  • Understanding and complying with tax laws in your jurisdiction

Ginseng Swap does not provide tax advice and will not be liable for any tax-related issues that arise from your use of the platform. We recommend consulting with a qualified tax professional regarding your specific tax obligations.

14. Dispute Resolution and Governing Law

These Terms of Use shall be governed by and construed in accordance with the laws of Hong Kong Special Administrative Region ("Hong Kong"), without regard to its conflict of law provisions.

Any dispute, controversy, or claim arising out of or relating to these Terms of Use, including the formation, interpretation, breach, or termination thereof, shall be resolved through binding arbitration in Hong Kong in accordance with the Arbitration Rules of the Hong Kong International Arbitration Centre ("HKIAC") in force at the time of the dispute.

The arbitration tribunal shall consist of one arbitrator. The language of the arbitration shall be English. The award of the arbitrator shall be final and binding upon the parties.

Notwithstanding the above, Ginseng Swap reserves the right to seek injunctive or other equitable relief in any court of competent jurisdiction to prevent or stop any unauthorized use of the platform or violation of these Terms of Use.

Notwithstanding anything in this section, Ginseng Swap acknowledges that any dispute with a government or regulatory authority may not be subject to arbitration and may require legal proceedings in a court of competent jurisdiction, as required by applicable laws or regulations. Ginseng Swap reserves the right to cooperate with regulatory authorities or comply with legal obligations as mandated by any governing laws or regulations.

15. Contact Information

For any questions or concerns regarding these terms, please contact us at:

Email: info@ginsengswap.com

16. Compliance and Regulations

Ginseng Swap strives to operate in compliance with applicable laws and regulations and will cooperate with regulatory authorities as mandated.

Regulatory Disclaimer: However, due to the decentralized and global nature of our Services, the legal and regulatory status of cryptocurrency trading, smart contracts, and blockchain technology varies by jurisdiction. You are solely responsible for determining whether your use of the Services complies with all applicable laws, regulations, and sanctions in your jurisdiction.

Ginseng Swap does not provide legal advice and shall not be liable for any legal or regulatory consequences arising from your use of the Services. We strongly recommend consulting a qualified legal professional to ensure compliance with your local laws.

Compliance Measures: We may:

  • Implement KYC/AML procedures where required by law
  • Restrict services in certain jurisdictions
  • Update our compliance measures as regulations evolve
  • Cooperate with regulatory authorities when required by law
  • Report suspicious activities to relevant authorities
  • Implement transaction monitoring and reporting systems
  • Require additional verification for certain transaction types

It is your responsibility to ensure your use of our services complies with the laws of your jurisdiction, including but not limited to tax obligations, reporting requirements, and licensing requirements.

17. Privacy and Data Protection

Your privacy is important to us. Our collection, use, and protection of your personal information is governed by our Privacy Policy, which is incorporated into these Terms of Use by reference.

By using our services, you acknowledge that:

  • We may collect certain information necessary for platform operation
  • We do not collect or store your private keys or wallet credentials
  • Transaction data is publicly available on the blockchain
  • We may use cookies and similar technologies for platform functionality
  • We comply with applicable data protection laws and regulations

For detailed information about our data practices, please review our Privacy Policy available on our website.

18. Intellectual Property Rights

All content, features, and functionality on the Ginseng Swap platform, including but not limited to text, graphics, logos, icons, images, software, and the overall design, are owned by Ginseng Swap Limited or its licensors and are protected by copyright, trademark, and other intellectual property laws.

You may not:

  • Copy, reproduce, distribute, or create derivative works from our platform content
  • Use our trademarks or service marks without written permission
  • Reverse engineer, decompile, or disassemble our platform software
  • Remove or alter any copyright, trademark, or other proprietary notices
  • Use our platform for any commercial purpose without authorization

The "Ginseng Swap" name and logo are trademarks of Ginseng Swap Limited. All rights reserved.

19. Termination

These Terms of Use remain in effect until terminated by either party. You may terminate your use of our services at any time by discontinuing use of the platform.

Ginseng Swap may terminate or suspend your access to our services immediately, without prior notice, for any reason, including but not limited to:

  • Violation of these Terms of Use
  • Fraudulent or illegal activities
  • Regulatory compliance requirements
  • Platform security concerns
  • Force majeure events

Upon termination, your right to use our services will cease immediately. The provisions of these Terms of Use that by their nature should survive termination shall survive, including but not limited to Sections 10 (Limitation of Liability), 10.1 (Disclaimer of Warranties), 10.2 (Indemnification), 13 (Tax Responsibilities), 14 (Dispute Resolution), and 18 (Intellectual Property Rights).

20. Severability

If any provision of these Terms of Use is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. The invalid, illegal, or unenforceable provision shall be deemed modified to the minimum extent necessary to make it valid, legal, and enforceable.

If such modification is not possible, the provision shall be severed from these Terms of Use, and the remaining provisions shall remain in full force and effect.

21. Entire Agreement

These Terms of Use, together with our Privacy Policy and any other documents referenced herein, constitute the entire agreement between you and Ginseng Swap regarding the use of our services. These Terms of Use supersede all prior or contemporaneous communications, representations, or agreements, whether oral or written, relating to the subject matter hereof.

No waiver of any provision of these Terms of Use shall be effective unless in writing and signed by both parties. The failure of Ginseng Swap to enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision.