Terms of Service

Terms of Service

Effective Date: September 13, 2025

Welcome to Oreium. These Terms of Service ("Terms") govern your access to and use of the website at oreium.io (the "Site") and, if you are invited and verified, your use of certain features and services available through our application (the "Services"). By accessing or using the Site or Services, you agree to be bound by these Terms. If you do not agree, do not use the Site or Services.

Oreium is not a bank, broker-dealer, investment adviser, or commodity pool operator. Assets and balances on the platform are not FDIC- or SIPC-insured.

1) Who We Are

Oreium LLC ("Oreium," "we," "us," "our") is a privately held U.S. company based in Wyoming. Oreium operates a gold‑backed digital asset platform where each in‑app unit called ORE represents one (1) gram of vaulted, insured physical gold recorded on Oreium’s off‑chain ledger.

2) Definitions (Plain English)

  • Site: Public pages at oreium.io (marketing, education, waitlist, legal).

  • Services: Invite‑only app features (account/KYC, minting, balances, buybacks, redemptions, admin features).

  • ORE: A unit that corresponds to 1 gram of vaulted, insured gold allocated to you on our off‑chain ledger after required steps are completed.

  • Buyback: Selling ORE back to Oreium at posted spreads/fees.

  • Redemption/Delivery: Requesting physical delivery or personal vault allocation where available.

3) Site vs. Services; Additional Agreements

The Site provides public information and waitlist forms. The Services are available only to invited, KYC‑verified users and are governed by additional agreements and disclosures presented in‑app (e.g., fee schedules, redemption terms). If there is a conflict, the Service‑specific agreement controls for that feature.

4) Eligibility & Access

You must be 18 years or older and legally able to enter a binding contract. We may restrict access based on sanctions, export controls, residency, fraud risk, or other compliance considerations. We may decline or suspend access at our discretion consistent with law.

5) Account Creation, Security & KYC (Services)

Using the Services requires account creation and identity verification (KYC). You agree to:

  • Provide accurate information and keep it updated.

  • Secure your credentials (and enable 2FA where offered).

  • Promptly notify us of suspected compromise.

  • Complete any KYC/AML refresh requests.

We may suspend or close accounts for fraud risk, sanctions exposure, or policy violations.

6) What ORE Represents (Services)

Each ORE corresponds to 1 gram of vaulted, insured physical gold allocated to you on our off‑chain ledger after: (i) KYC approval, (ii) payment completion, and (iii) vault intake/verification. We do not issue leverage, pooled IOUs, or unbacked units. For regulatory clarity, transfers may be limited or disabled in initial versions of the Services.

7) Orders, Pricing & Errors

Spot references, quotes, spreads, and fees are displayed at point‑of‑use and may change at any time. Prices are indicative until confirmed at order execution. We may cancel, reverse, or correct transactions for manifest errors, stale/erroneous feeds, or system faults. If a correction occurs after settlement, we may debit/credit your balance and will notify you.

8) Fees

Current fees (e.g., mint/purchase, storage, buyback spread, delivery/redemption, payment rails) are disclosed in‑app before you confirm an action and may change prospectively with notice where required. You authorize Oreium and its payment partners to charge applicable fees when you use the Services.

9) Storage, Custody, Insurance & Audits (Services)

Gold supporting ORE is held with vetted, insured vault providers under arrangements designed to protect title and reconcile holdings to our ledger. We commission independent reviews or audits on a recurring basis and may diversify across vaults and jurisdictions. Vault partners and audit cadence may evolve; material changes will be disclosed in‑app.

10) Buybacks & Redemption (Services)

  • Buybacks (sell to Oreium): Subject to posted spreads, minimums (e.g., 1 ORE), available funding/settlement rails, compliance checks, and manual approval.

  • Delivery/Redemption: Available for eligible sizes/thresholds (e.g., whole‑ounce increments) with shipping, insurance, and handling fees. Additional verification may apply.

  • Timing: Processing depends on payment networks, vault logistics, compliance checks, and carrier availability.

We may decline or delay requests where required by law or risk controls.

11) Prohibited Uses

You agree not to use the Site or Services to:

  • Violate laws, regulations, or sanctions programs.

  • Engage in fraud, market manipulation, money laundering, or terrorist financing.

  • Interfere with security, reverse engineer, or scrape at scale.

  • Impersonate any person or entity or misrepresent source of funds/beneficial ownership.

  • Circumvent access controls or engage in abusive automated access.

We may investigate and refer suspected violations to authorities.

12) Third‑Party Services & Links

We rely on third parties for identity verification, payments, pricing data, logistics, and infrastructure. Your use of those services may be subject to their terms and privacy policies. We are not responsible for third‑party sites, content, policies, outages, or errors.

13) Electronic Communications & E‑Sign Consent

You consent to receive disclosures, confirmations, and policy updates electronically (email, in‑app, Site) and to the use of electronic signatures and records. Maintain a valid email and update your contact details promptly.

14) Taxes & Reporting

You are responsible for taxes arising from buying, holding, redeeming, or selling ORE or physical metal. Where required, we may collect tax forms (e.g., W‑9/W‑8), issue tax statements, and report certain transactions to tax authorities.

15) Intellectual Property; Limited License

All content, code, designs, text, images, videos, logos, and marks on the Site/Services are owned by Oreium or its licensors and protected by law. We grant you a limited, revocable, non‑transferable license to access the Site for personal or internal use. You may not copy, modify, distribute, reverse‑engineer, or create derivative works without our prior written consent.

16) Educational Content Only; No Advice

Content on the Site is provided for general information and education. It is not investment, legal, accounting, or tax advice; no performance is promised; and content may change without notice.

17) Service Changes; Suspension; Maintenance

We may modify, suspend, or discontinue any part of the Site or Services, or impose limits, at any time (for example, for maintenance, security, regulatory, or market‑disruption reasons). We will use reasonable efforts to give notice of material changes impacting active users.

18) Unclaimed Property (Escheat)

If your account becomes inactive for the period defined by applicable law, we may be required to transfer assets to a state unclaimed‑property authority. We will follow applicable notice requirements.

19) Warranties & Disclaimers

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SITE, SERVICES, AND ALL CONTENT/FEEDS ARE PROVIDED "AS IS" AND "AS AVAILABLE." WE DISCLAIM ALL WARRANTIES (EXPRESS OR IMPLIED), INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON‑INFRINGEMENT, AND CONTINUOUS AVAILABILITY. WE DO NOT WARRANT THAT PRICES/FEEDS ARE ACCURATE, CURRENT, OR ERROR‑FREE AT ALL TIMES.

20) Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, OREIUM AND ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS ARE NOT LIABLE FOR INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES; LOST PROFITS, REVENUE, OR DATA; OR BUSINESS INTERRUPTION—EVEN IF ADVISED OF THE POSSIBILITY. OUR TOTAL LIABILITY FOR ANY CLAIM RELATED TO THE SITE OR SERVICES WILL NOT EXCEED THE GREATER OF US$100 OR THE AMOUNT YOU PAID TO OREIUM FOR THE SERVICE GIVING RISE TO THE CLAIM IN THE 3 MONTHS BEFORE THE EVENT.

Some jurisdictions do not permit certain limitations; in those cases, we apply the maximum permitted by law.

21) Indemnification

You agree to defend, indemnify, and hold harmless Oreium and its affiliates from claims, losses, liabilities, damages, costs, and expenses (including reasonable attorneys’ fees) arising from your use of the Site/Services or your violation of these Terms or applicable law.

22) Force Majeure

We are not responsible for delays, failures, or unavailability due to events beyond our reasonable control (e.g., power/network outages, extreme market conditions, regulatory actions, labor disputes, acts of God, war, terrorism, or third‑party service disruptions).

23) Governing Law; Arbitration; Class Waiver

Governing Law. These Terms are governed by the laws of the State of Wyoming, excluding conflicts rules.

Binding Arbitration. Any dispute or claim arising out of or relating to these Terms or the Site/Services will be resolved by final and binding arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules. The seat of arbitration will be Cheyenne, Wyoming, with a single arbitrator. Judgment on the award may be entered in any court of competent jurisdiction.

Class Action Waiver. YOU AND OREIUM AGREE THAT EACH MAY BRING CLAIMS ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE ACTION.

Opt‑Out. You may opt out of arbitration/class waiver within 30 days of first accepting these Terms by emailing founder@oreium.io with subject “Arbitration Opt‑Out,” and your full name, address, and the email associated with your account.

24) Changes to These Terms

We may update these Terms by posting a revised version at /terms with a new "Effective Date." For material changes affecting active users of the Services, we will provide notice via email or in‑app. Continued use after an update constitutes acceptance of the revised Terms.

25) Notices; Contact

Email: privacy@oreium.io
Postal: Oreium LLC, 30 N Gould St, NUM 12133, Sheridan, WY 82801, USA

26) Miscellaneous

Entire Agreement. These Terms, together with any Service‑specific agreements, constitute the entire agreement between you and Oreium regarding the Site/Services.

Severability. If any provision is held invalid, the remaining provisions will remain in full force and effect.

Assignment. You may not assign or transfer these Terms without our prior written consent. We may assign these Terms in connection with a merger, acquisition, corporate reorganization, or sale of assets.

No Waiver. Failure to enforce any provision is not a waiver of that provision or any other provision.

Headings. Headings are for convenience only and have no legal effect.