FAST TERMS OF SERVICE
Effective Date: May 5, 2026 Last Updated: May 5, 2026
1. ACCEPTANCE
These Terms of Service ("Terms") govern your use of Fast, including the Fast App at app.fast.xyz, the Fast marketplace at shop.fast.xyz, the Fast SDK, and all related services (collectively, the "Services") operated by Pi Squared Inc., a Delaware corporation ("Company," "we," "us," or "our"). By accessing or using any of the Services, you ("User," "you") agree to these Terms, together with our Privacy Policy, Acceptable Use Policy, Risk Disclosure Notice, and E-Sign Consent. If you do not agree, do not use the Services.
2. ELIGIBILITY
2.1 You must be at least 18 years old or the age of majority in your jurisdiction.
2.2 Geographic Restrictions. The Services are not available to residents or entities in Cuba, Iran, North Korea, Syria, the Crimea region, the Donetsk and Luhansk regions, Russia, or any jurisdiction subject to OFAC sanctions.
2.3 Sanctioned Persons. You represent that you are not listed on the OFAC SDN List or any equivalent sanctions list, and you will not use the Services in connection with sanctioned activities.
2.4 Geoblocking. The Company employs geoblocking and IP filtering. You agree not to circumvent these measures. Unauthorized circumvention results in permanent termination.
3. SERVICE DESCRIPTION
3.1 Fast App. The Fast App (app.fast.xyz) is a web-based application that allows you to create an account using passkey authentication (WebAuthn), hold fastUSD balances, fund your account through supported on-ramp methods, and interact with the Fast network.
3.2 FastSet Network. FastSet is a high-throughput, decentralized payment and settlement network. Interactions with the FastSet network itself are non-custodial — the Company does not control private keys for on-chain wallets or on-chain transactions.
3.3 Fast Marketplace. The marketplace at shop.fast.xyz allows you to purchase goods from third-party merchants using your fastUSD balance. The Company is not the seller of goods available through the marketplace. See Section 8 for marketplace terms.
3.4 Fast SDK. The Fast SDK is a developer toolkit for building applications that interact with the Fast network and Services. Use of the SDK is subject to its applicable license terms in addition to these Terms.
3.5 Fees. The Company currently subsidizes certain transaction fees. This subsidy may be discontinued or replaced with fee-based models at any time without guarantee.
4. fastUSD — PREPAID CREDITS
4.1 Nature of fastUSD. fastUSD balances represent prepaid credits on the Company's books. fastUSD is not a stablecoin, cryptocurrency, security, deposit, investment product, e-money, or legal tender. fastUSD is not FDIC-insured and carries no guarantee of value.
4.2 Funding. You may fund your fastUSD balance through supported on-ramp methods, including credit card, debit card, and ACH bank transfer (processed by Stripe, Inc., our third-party payment processor), and supported cryptocurrency on-ramp methods (processed by third-party swap providers). All on-ramp transactions are subject to the terms, fees, and processing times of the applicable payment processor.
4.3 Use of fastUSD. fastUSD may be used to transact within the Fast ecosystem, including purchases through shop.fast.xyz, transfers to other Fast users, and funding agent sub-accounts. The Company reserves the right to impose transaction limits.
4.4 No Off-Ramp. At launch, there is no mechanism to redeem or convert fastUSD back to fiat currency or cryptocurrency. The Company may introduce off-ramp functionality in the future but is under no obligation to do so.
4.5 Chargebacks and Reversals. If a funding transaction is reversed, charged back, or disputed by your bank, card issuer, or payment processor, the Company will debit the corresponding fastUSD from your account. If your balance is insufficient to cover the reversal, your account will reflect a negative balance, and you will owe the deficiency to the Company. Repeated chargebacks or disputes may result in account suspension or termination. You agree not to initiate chargebacks or payment disputes for transactions you authorized.
4.6 Account Statements. The Company will make fastUSD transaction history available through the Fast App. You are responsible for reviewing your transaction history regularly and reporting any unauthorized transactions within 60 days.
5. PASSKEY AUTHENTICATION
5.1 You authenticate to the Fast App using passkeys (WebAuthn). The Company stores your public key credential. Your private key material never leaves your device.
5.2 You are responsible for the security of your devices and passkeys. The Company cannot recover your account if you lose access to all registered passkeys.
5.3 The Company does not collect, store, or process biometric data. Biometric verification (such as fingerprint or face recognition) occurs entirely on your device and is controlled by your device's operating system.
6. AGENT SUB-ACCOUNTS
6.1 Creation. The Fast App allows you to create AI agent sub-accounts ("Agent Wallets") funded from your primary fastUSD balance. Each Agent Wallet operates within scope and permissions you explicitly delegate.
6.2 User Responsibility. You are solely responsible for all actions taken by your Agent Wallets. An agent may only act within the scope you explicitly delegated to it. An agent cannot autonomously expand its own permissions or access beyond what you granted.
6.3 Funding. Transfers from your primary account to an Agent Wallet are immediate and subject to the same terms as other fastUSD transactions. You may revoke agent access or withdraw funds from an Agent Wallet at any time, subject to any pending transactions.
6.4 No Company Liability. The Company does not control, monitor, or guarantee the behavior of third-party AI agents. The Company is not liable for losses resulting from agent actions, whether or not those actions were within the scope you intended to delegate.
7. STRIPE AND THIRD-PARTY PAYMENT PROCESSING
7.1 Fiat on-ramp transactions are processed by Stripe, Inc. ("Stripe"). By initiating a fiat funding transaction, you agree to Stripe's terms of service and privacy policy in addition to these Terms.
7.2 The Company is not responsible for Stripe's processing times, declines, holds, or errors. Disputes regarding payment processing should first be directed to Stripe.
7.3 You represent that you are authorized to use the payment method you provide and that all payment information is accurate.
7.4 Cryptocurrency on-ramp transactions are processed by third-party swap providers. The Company is not responsible for exchange rates, slippage, processing times, or errors related to third-party swap services.
8. MARKETPLACE (shop.fast.xyz)
8.1 Third-Party Merchants. The marketplace connects you with third-party merchants. The Company is not the seller and makes no representations or warranties regarding merchant products, pricing, quality, availability, or delivery.
8.2 Transactions. Marketplace purchases are deducted from your fastUSD balance. All sales are between you and the merchant. The Company facilitates the transaction but is not a party to the sale.
8.3 Fulfillment Paths and Third-Party Services. Marketplace orders may be fulfilled through one of two paths depending on the merchant:
(a) Adapter-fulfilled orders: The Company or its service provider uses a third-party purchasing intermediary, which may include Zinc API ("Zinc"), to place and fulfill your order with the upstream merchant on your behalf. When this path is used, your shipping information, order details, and other information necessary to complete the purchase are shared with Zinc and the upstream merchant. By placing an order through this path, you agree to be bound by Zinc's Terms of Service and Privacy Policy in addition to these Terms.
(b) Direct checkout: For merchants not covered by the adapter path, you may be directed to complete checkout directly with the merchant. In this case, you are transacting directly with the merchant and are subject to that merchant's terms, pricing, and payment processing. The Company facilitates discovery and payment routing but is not a party to the direct transaction.
The applicable fulfillment path will be indicated at checkout. The Company may change the fulfillment path for any merchant at any time.
8.4 Returns and Disputes. Product returns, refunds, and disputes are governed by the applicable merchant's policies. For adapter-fulfilled orders, contact us at contact@fast.xyz and we will assist in coordinating with the fulfillment partner. The Company has no obligation to issue refunds for merchant transactions but will make reasonable efforts to facilitate resolution.
8.5 Prohibited Purchases. You may not use the marketplace to purchase items that violate these Terms, the Acceptable Use Policy, or applicable law.
9. ELECTRONIC COMMUNICATIONS AND E-SIGN CONSENT
9.1 Consent to Electronic Communications. By using the Services, you consent under the Electronic Signatures in Global and National Commerce Act (ESIGN Act, 15 U.S.C. § 7001 et seq.) to receive all communications from the Company electronically, including account notifications, transaction confirmations, legal notices, policy updates, and any other disclosures required by law. You agree that electronic communications satisfy any legal requirement that communications be provided in writing.
9.2 Scope. This consent applies to all communications in connection with the Services, including these Terms, the Privacy Policy, the Acceptable Use Policy, the Risk Disclosure Notice, and any future agreements or notices.
9.3 Hardware and Software Requirements. To access electronic communications you need: a device capable of accessing the internet; a current web browser (Chrome, Safari, Firefox, or Edge — current or prior major version); sufficient storage to save or print documents; and a PDF reader for any PDF documents we provide.
9.4 Right to Withdraw. You may withdraw this consent at any time by contacting contact@fast.xyz with the subject line "Withdraw E-Sign Consent." Withdrawal may result in termination of your account, as the Company cannot operate the Services without the ability to provide legally required disclosures electronically. Withdrawal does not affect the validity of electronic communications received before withdrawal.
9.5 Paper Copies. You may request a paper copy of any electronic communication by contacting contact@fast.xyz. The Company may charge a reasonable fee for paper copies.
10. ASSUMPTION OF RISK
10.1 You acknowledge and assume all risks associated with blockchain technology, including smart contract vulnerabilities, network attacks, price volatility, irreversible transactions, and regulatory changes.
10.2 You acknowledge the specific risks described in the Risk Disclosure Notice, including that fastUSD is not FDIC-insured, has no guaranteed value, and may not be redeemable for fiat currency.
10.3 The Services are provided without guarantee of uninterrupted availability. The Services may experience downtime, latency, or unavailability.
10.4 The Company is not liable for losses from downtime, performance issues, transaction delays, or third-party service failures.
11. DISCLAIMERS AND LIMITATION OF LIABILITY
11.1 AS-IS. The Services are provided "AS-IS" and "AS-AVAILABLE" without warranty of any kind, express or implied, including warranties of merchantability, fitness for a particular purpose, title, or non-infringement.
11.2 Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE COMPANY, ITS OFFICERS, DIRECTORS, EMPLOYEES, AND AFFILIATES SHALL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, including lost profits, lost data, or business interruption.
11.3 Damage Cap. The Company's total aggregate liability for all claims arising from these Terms or your use of the Services is limited to the greater of: (i) $100 USD, or (ii) fees paid by you to the Company in the 12 months preceding the claim. For clarity, fastUSD balances are prepaid credits and not fees paid to the Company.
11.4 If you are dissatisfied with the Services, your exclusive remedy is to stop using them.
12. PROHIBITED ACTIVITIES
You agree not to use the Services for: illegal activities; money laundering or sanctions evasion; terrorist financing; fraud or misrepresentation; ransomware payments; unauthorized access to systems; malware distribution; market manipulation, spoofing, or wash trading; circumvention of geoblocking; chargeback fraud or abuse; reverse-engineering of proprietary code; or any activity prohibited by the Acceptable Use Policy.
The Company reserves the right to monitor for violations, investigate, terminate access, and cooperate with law enforcement.
13. INTELLECTUAL PROPERTY
All intellectual property in the Services (software, protocols, documentation, trademarks) remains the exclusive property of Pi Squared Inc. You receive a limited, non-exclusive, revocable license to use the Services for lawful purposes consistent with these Terms. You may not copy, modify, reverse-engineer, or create derivative works, except as expressly permitted by the Fast SDK license.
14. MODIFICATION OF TERMS
The Company may modify these Terms at any time. Material changes will be posted with reasonable notice. Your continued use after modification constitutes acceptance. The Company may also modify, suspend, or discontinue any aspect of the Services.
15. TERMINATION
15.1 You may stop using the Services at any time. To close your account, contact us at contact@fast.xyz.
15.2 The Company may restrict, suspend, or terminate your access without notice if you breach these Terms, violate applicable law, are in a sanctioned jurisdiction, or pose a legal, security, or operational risk.
15.3 Upon termination, all licenses expire. Any remaining fastUSD balance at the time of termination will be handled in accordance with the Company's then-current account closure procedures. The Company reserves the right to withhold balances where required by law or pending investigation. You remain bound by indemnification and liability provisions.
16. INDEMNIFICATION
You agree to indemnify and hold harmless the Company and its officers, directors, employees, and affiliates from all claims, damages, liabilities, and expenses (including attorneys' fees) arising from your use of the Services, your Agent Wallets' actions, violation of these Terms, or violation of any third-party rights.
17. ARBITRATION AND CLASS ACTION WAIVER
17.1 Mandatory Arbitration. Any dispute arising from these Terms or your use of the Services shall be resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules, before a single arbitrator.
17.2 The arbitration shall be seated in Champaign County, Illinois. Delaware law governs these Terms; the Federal Arbitration Act governs this arbitration agreement.
17.3 Class Action Waiver. ALL CLAIMS SHALL BE BROUGHT INDIVIDUALLY. YOU WAIVE ANY RIGHT TO PARTICIPATE IN CLASS ACTIONS, CLASS ARBITRATIONS, OR COLLECTIVE PROCEEDINGS. If this waiver is found unenforceable, the entire arbitration agreement is void.
17.4 Exceptions. Claims for injunctive relief for IP infringement or breach of confidentiality, and small claims court actions brought individually, are excluded from mandatory arbitration.
17.5 Costs. The Company pays AAA filing fees and arbitrator compensation for non-frivolous claims you initiate.
17.6 Opt-Out. You may opt out within 30 days of first accepting these Terms by written notice to:
Pi Squared Inc., 301 N Neil St #503, Champaign, IL 61820 Email: contact@fast.xyz
Include your name, account identifier, and a clear opt-out statement.
18. GOVERNING LAW
These Terms are governed by Delaware law. For disputes not subject to arbitration, you submit to the exclusive jurisdiction of federal and state courts in Delaware.
19. PRIVACY
The Company collects and processes personal information as described in our Privacy Policy. In case of conflict between these Terms and the Privacy Policy regarding data practices, the Privacy Policy governs.
20. FORCE MAJEURE
The Company is not liable for failure or delay caused by circumstances beyond its reasonable control, including natural disasters, war, cyber attacks, government action, blockchain network failures, payment processor outages, or third-party infrastructure failures.
21. GENERAL PROVISIONS
21.1 Severability. If any provision is unenforceable, it shall be modified to the minimum extent necessary or severed. If the class action waiver (Section 17.3) is unenforceable, the entire arbitration agreement is void.
21.2 Entire Agreement. These Terms, together with the Privacy Policy, Acceptable Use Policy, Risk Disclosure Notice, E-Sign Consent, and Cookie Policy, constitute the entire agreement.
21.3 No Waiver. Failure to enforce any provision is not a waiver.
21.4 Assignment. You may not assign these Terms. The Company may assign these Terms in connection with a merger, acquisition, or sale of assets.
21.5 Survival. Sections 4 (fastUSD), 10, 11, 13, 16, 17, 18, 20, and 21 survive termination.
22. CONTACT
Pi Squared Inc. 301 N Neil St #503, Champaign, IL 61820 Email: contact@fast.xyz
For legal notices, address correspondence to "Attention: Legal Department."
END OF TERMS OF SERVICE