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Lumigift — Terms of Service

Last updated: April 2026

1. Gift Expiry Policy

Gifts that have passed their unlock date but remain unclaimed for more than 365 days are automatically expired.

When a gift expires:

  1. Its status is updated to expired in the Lumigift database.
  2. The locked USDC is refunded to the sender's Stellar address via the escrow contract.
  3. The sender receives an SMS notification informing them of the refund.

The expiry check runs daily. Senders are encouraged to remind recipients to claim their gifts promptly after the unlock date.

2. Payments

Lumigift processes payments via Paystack (NGN) and Stripe (international cards). All amounts are converted to USDC on the Stellar network. Exchange rates are indicative and may vary.

Gift Amount Limits

To comply with Nigerian AML (Anti-Money Laundering) regulations:

Limit Amount
Minimum gift amount ₦500 per transaction
Maximum gift amount ₦500,000 per transaction
Daily sending limit ₦1,000,000 per user per day

These limits are enforced at both the frontend and backend. Transactions that exceed these limits will be rejected. Limits are configurable by Lumigift administrators and may change with regulatory requirements.

3. Liability

Lumigift is not liable for losses arising from incorrect recipient phone numbers, unclaimed gifts, or network outages on the Stellar blockchain.

4. Privacy & Data Handling

Recipient Phone Numbers

Lumigift does not store recipient phone numbers in plaintext. When a gift is created:

  1. The recipient's phone number is hashed with SHA-256 before being written to the database.
  2. The plaintext number is used transiently — only to send the SMS delivery notification — and is never persisted.
  3. Lookups (e.g. "gifts for this recipient") are performed against the stored hash.

This means Lumigift cannot reconstruct a recipient's phone number from its database records. If you need to update a recipient's contact details, a new gift must be created.

5. Contact

For support, email support@lumigift.com.