The HooFoo wallet has taken Hierarchical Deterministic technical scenario, users have created the seed password randomly, and they also need to set up payment password. The private keys of different cryptocurrencies are created by random seed password and payment password together, and then the private keys create public keys, which are used to form assets' addresses.
1. The Mnemonics (Seed password) has been stored on hardware wallet only, users of HooFoo wallet has absolute control of their cryptocurrencies.
2. The mnemonic will never leave HooFoo cold wallet.
3. The mnemonic is not an explicit text that exists in a cold wallet and requires a cold wallet password to use it.
4. You must have both seed and the cold wallet password to own the assets in your wallet.
5. The cold wallet PIN is the transaction PIN for the hot wallet.
6. Please be sure to keep the mnemonics (seed password) and do not reveal it to other people. Please keep the mnemonics sheet safe. Do not take photos, do not save on any networked devices.
7. The cold wallet password is set by the user. HooFoo do not store it. If it is lost, please reset the device and import the mnemonic. If the mnemonic (seed password) or cold wallet is stolen or lost. User will take full responsibility on all risks, liabilities, losses arising shall be borne by you.