Terms of Use
As of September 2024
The website located at https://chaintactics.io/ and all its subdomains (the “Site”) is a copyrighted work belonging to the Chain Tactics team and its associated legal entities, affiliates and related persons, as may be applicable (the “Company,” “us,” “our,” and “we”). The copyrighted work may include certain functions, features and other services accessible or offered through the Site which is associated with the Chain Tactics project, a fully onchain game under development by the Company (the “Services”).
Certain features of the Site may be subject to additional guidelines, terms, or rules, which will be posted on the Site in connection with such features. Without limitation to the preceding sentence, your submission of information, including personal information, through or in connection with the Site is governed by the terms of our privacy policy as updated from time to time, available at https://chaintactics.io/privacy-policy (“Privacy Policy”).
All such additional terms, guidelines, and rules, including our Privacy Policy, are incorporated by reference into these terms of use (these “Terms”) and binding and enforceable legal contract between you, an end user of the Site and the Services (“you” or the “User”). These Terms set forth the legally binding terms and conditions that govern your use of the Site. By accessing or using the Site, you are accepting these Terms (on behalf of yourself or the entity that you represent), and you represent and warrant that you have the right, authority, and capacity to enter into these Terms (on behalf of yourself or the entity that you represent).
These Terms expressly cover your rights and obligations, and our disclaimers and limitations of legal liability, relating to your use of, and access to, the Site and the Services. We reserve the right, in our sole discretion, to make changes or modifications to the Site and these Terms at any time and for any reason. You will be subject to, and will be deemed to have been made aware of and to have accepted, any such changes by your continued use of the Site. If you do not agree with all of the provisions of these Terms, do not access andtor use the Site.
1. Access to the Site
- Certain Restrictions. The rights granted to you in these Terms are subject to the following restrictions: (a) you shall not license, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Site, whether in whole or in part, or any content displayed on the Site; (b) you shall not modify, make derivative works of, disassemble, reverse compile or reverse engineer any part of the Site; (c) you shall not access the Site in order to build a similar or competitive website, product, or service; and (d) except as expressly stated herein, no part of the Site may be copied, reproduced, distributed, republished, downloaded, displayed, posted or transmitted in any form or by any means. Unless otherwise indicated, any future release, update, or other addition to functionality or content of the Site shall be subject to these Terms. All copyright and other proprietary notices on the Site (or on any content displayed on the Site) must be retained on all copies thereof.
- Modification. The Company reserves the right, at any time, to modify, suspend, or discontinue the Site (in whole or in part) with or without notice to you. You agree that the Company will not be liable to you or to any third party for any modification, suspension, or discontinuation of the Site or any part thereof.
- No Support or Maintenance. You acknowledge and agree that the Company will have no obligation to provide you with any support or maintenance in connection with the Site.
- Ownership. You acknowledge that all the intellectual property rights, including copyrights, patents, trademarks, and trade secrets, in the Site and its content are owned by the Company or Company's or the Company's officers, directors, shareholders, stakeholders, contractors, employees, advisors, affiliates, successors, assigns, representatives, third-party suppliers and service providers (collectively, the “Representatives”). Neither these Terms (nor your access to the Site) transfers to you or any third party any rights, title or interest in or to such intellectual property rights.. The Company and its Representatives reserve all rights not granted in these Terms. There are no implied licenses granted under these Terms.
2. Account Creation
In order to access certain Services, you may be required to register and create an account. When creating your account, you agree to the following terms and conditions:
- Accurate Account Information. You agree to provide accurate and complete information about yourself, including but not limited to your legal name, email address, and warrant not to misrepresent or falsify any information when creating and maintaining your account.
- Account Responsibility. You are solely responsible for all activities that occur under your account. You must keep your account password secure and must not share your account information with any third party. You are solely responsible for maintaining the confidentiality of your account and password.
- Account Security. You agree to immediately notify the Company of any unauthorized use of your account. You have the obligation to report any suspected or known security breaches, account compromises, or unauthorized access attempts. You agree to cooperate with the Company in investigating and addressing any security incidents related to the account. You further agree to hold the Company harmless for any losses or damages resulting from the User's failure to maintain account security or promptly report unauthorized access.
- Account Termination. The Company reserves the right to terminate any account in its sole discretion such as when the account is determined to have violated the Terms or any other applicable laws, rules or provisions or when the account is inactive for an extended period of time. For the avoidance of doubt, you understand that the Company has the right to refuse service or terminate accounts for any reason at its sole discretion.
3. User Content
- User Content. “User Content” means any and all information and content that a user submits to, or uses with, the Site (e.g., content in your profile or postings). It may include the submission of or suggestions to modify the gameplay, such as additional rules, customizing the grid size of the board, the amount of units in the game, and to the extent possible as allowed by the Company.
You are solely responsible for your User Content. You assume all risks associated with use of your User Content, including any reliance on its accuracy, completeness or usefulness by others, or any disclosure of your User Content that personally identifies you or any third party. You hereby represent and warrant that your User Content does not violate our Acceptable Use Policy (defined in the section below). You may not represent or imply to others that your User Content is in any way provided, sponsored or endorsed by the Company. Because you alone are responsible for your User Content, you may expose yourself to liability if, for example, your User Content violates the Acceptable Use Policy. The Company is not obligated to backup any User Content, and your User Content may be deleted from the Site at any time without prior notice. You are solely responsible for creating and maintaining your own backup copies of your User Content if you desire.
- License. You hereby grant (and you represent and warrant that you have the right to grant) to the Company an irrevocable, nonexclusive, royalty-free and fully paid, worldwide license to reproduce, distribute, publicly display and perform, prepare derivative works of, incorporate into other works, and otherwise use and exploit your User Content, and to grant sublicenses of the foregoing rights, solely for the purposes of including your User Content in the Site. You hereby irrevocably waive (and agree to cause to be waived) any claims and assertions of moral rights or attribution with respect to your User Content.
- Acceptable Use Policy. The following terms constitute our “Acceptable Use Policy”:
- You agree not to use the Site to collect, upload, transmit, display, or distribute any content (i) that violates any third-party right, including any copyright, trademark, patent, trade secret, moral right, privacy right, right of publicity, or any other intellectual property or proprietary right; (ii) that is unlawful, harassing, abusive, tortious, threatening, harmful, invasive of another's privacy, vulgar, defamatory, false, intentionally misleading, trade libelous, pornographic, obscene, patently offensive, promotes racism, bigotry, hatred, or physical harm of any kind against any group or individual or is otherwise objectionable; (iii) that is harmful to minors in any way; or (iv) that is in violation of any law, regulation, or obligations or restrictions imposed by any third party.
- In addition, you agree not to: (i) upload, transmit, or distribute to or through the Site any computer viruses, worms, or any software intended to damage or alter a computer system or data; (ii) send through the Site unsolicited or unauthorized advertising, promotional materials, junk mail, spam, chain letters, pyramid schemes, or any other form of duplicative or unsolicited messages, whether commercial or otherwise; (iii) use the Site to harvest, collect, gather or assemble information or data regarding other users, including e-mail addresses, without their consent; (iv) interfere with, disrupt, or create an undue burden on servers or networks connected to the Site, or violate the regulations, policies or procedures of such networks; (v) attempt to gain unauthorized access to the Site (or to other computer systems or networks connected to or used together with the Site), whether through password mining or any other means; (vi) harass or interfere with any other user's use and enjoyment of the Site; or (vi) use software or automated agents or scripts to produce multiple accounts on the Site, or to generate automated searches, requests, or queries to (or to strip, scrape, or mine data from) the Site (provided, however, that we conditionally grant to the operators of public search engines revocable permission to use spiders to copy materials from the Site for the sole purpose of and solely to the extent necessary for creating publicly available searchable indices of the materials, but not caches or archives of such materials, subject to the parameters set forth in our robots.txt file).
- Gaming Content. The Company also allows the Users to create, upload, livestream and monetise videos on online (live streaming) websites using gameplay and screenshots from games available on our Site (“Gaming Content”), subject to the following conditions: (i) The Site, together with the Chain Tactics' logo, will be clearly visible and not obscured, (ii) only monetise such videos and streams in accordance with the monetisation methods available on such online websites (e.g., YouTube, Twitch, etc.), (iii) you do not imply or state that your Gaming Content is officially affiliated with, sponsored, endorsed or approved by the Company (except when we have entered into a partnership with you) and (iv) the User is responsible for any third party content (e.g. music) that it uses together with the Gaming Content. The Company reserves the right to take action at any time against Gaming Content that the Company believes is unlawful, infringing, inappropriate or not in accordance with these Terms. The Company will use its best efforts to resolve any issues, provided that the User complies with these Terms.
- Compliance with Intellectual Property Laws. When accessing the Site or using the Services, you agree to obey the law and to respect the intellectual property rights of others. Your use of the Service and the Site is at all times governed by and subject to laws regarding copyright ownership and use of intellectual property. You agree not to upload, download, display, perform, transmit, or otherwise distribute any information or content (collectively, “Content”) in violation of any third party's copyrights, trademarks, or other intellectual property or proprietary rights. You agree to abide by laws regarding copyright ownership and use of intellectual property, and you shall be solely responsible for any violations of any relevant laws and for any infringements of third party rights caused by any Content you provide or transmit, or that is provided or transmitted using your User ID. The burden of proving that any Content does not violate any laws or third party rights rests solely with you. Additionally, in the event that you become aware of or reasonably suspect any infringement of the copyrights or trademarks or Company or any third parties, occurring on any Company Site, you will immediately notify Company to report such infringement.
4. Enforcement
We reserve the right (but have no obligation) to review any User Content, and to investigate and/or take appropriate action against you in our sole discretion if you violate the Acceptable Use Policy or any other provision of these Terms or otherwise create liability for us or any other person. Such action may include removing or modifying your User Content, terminating your Account in accordance with the Terms, and/or reporting you to law enforcement authorities.
5. Feedback
If you provide the Company with any feedback or suggestions regarding the Site (“Feedback”), you hereby assign to the Company all rights in such Feedback and agree that the Company shall have the right to use and fully exploit such Feedback and related information in any manner it deems appropriate. The Company will treat any Feedback you provide to the Company as non-confidential and non-proprietary. You agree that you will not submit to the Company any information or ideas that you consider to be confidential or proprietary.
6. User Representation, Warranties, and Acknowledgments
You represent and warrant that:
- You are at least eighteen (18) years of age and are of sound mind.
- You possess the legal authority to create a binding legal obligation in making any transaction on the Site or using the Services.
- You will use the Site in accordance with these Terms and all applicable laws and regulations.
- You will only use the Site for lawful purposes and you shall not engage in any illicit or illegal activities such as fraud and market manipulation using the Site and/or the Services.
- You will not impair the Services, the Site and the network and software on which it runs in any way.
- You accept the Terms and the Privacy Policy wholly and unconditionally.
- If and when applicable, you will satisfy all your obligations, tax, withholding or otherwise as required by your country of residence.
- You are not a person located, organized or resident in a country or territory that is subject to sanctions administered or enforced by Singapore, the United States of America, the European Union or any other governmental authority.
You acknowledge that the offer, sale and/or purchase of any Token (as defined further below in the “Risk Disclosure Statement on any Tokens” section) with the Company or the Chain Tactics project, are prohibited or restricted, as applicable, in the following countries and jurisdictions:
- Afghanistan
- Anguilla
- Antigua and Barbuda
- Belarus
- Belize
- Burundi
- Central African Republic
- Cuba
- Democratic Republic of Congo
- Ethiopia
- Fiji
- Guam
- Guinea
- Guinea-Bissau
- Haiti
- Hong Kong
- Iran
- Iraq
- Lebanon
- Libya
- Mali
- Moldova
- Myanmar
- Nicaragua
- North Korea
- Palau
- Panama
- Philippines
- Russia
- Samoa
- Seychelles
- Somalia
- South Sudan
- Sudan
- Syria
- Bahamas
- Trinidad and Tobago
- Turks and Caicos Islands
- United States of America
- US Virgin Islands
- United Kingdom
- Ukraine
- Vanuatu
- Venezuela
- Yemen
- Zimbabwe
The list above is not exhaustive and shall be deemed to include all other countries and jurisdictions where the offer, sale and/or purchase of digital assets or blockchain tokens are prohibited or restricted under applicable laws, rules and regulations. If your country falls under the said category, has similar circumstances, or is found in the list above, you are prohibited from offering, selling, purchasing, and/or otherwise transacting with the Tokens and nothing in this Site shall constitute an offer or sale of the Tokens to you.
- In relation to information supplied by you on the Site or to use the Services: (1) such information is true, accurate, current and complete; (2) it is your responsibility to update your information in a timely way when there are any changes; (3) the Company and its affiliates may rely on such information provided by you as being true, accurate, current and complete; and (4) we have the right to terminate your account if any of the information supplied by you fails to be true, accurate, current and complete.
- You are not an undischarged bankrupt in any country.
- You agree and acknowledge that the information presented in the Site does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities.
- You accept and agree that the Company is not necessarily affiliated with any of the games or projects displayed or mentioned in the Site and nothing in the Site constitutes a promotion or advertisement of any of the Digital Assets (as defined below) relating to the said games or projects.
- You agree and acknowledge that no regulatory authority has examined or approved of the current information, and presently there is no plan for the information to be so reviewed.
- The distribution or dissemination of the current information any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to the Company and its associated legal entities.
You agree and acknowledge that in the case where you wish to purchase any blockchain tokens, cryptocurrencies, non-fungible tokens (NFTs) and other similar digital assets (collectively, the “Digital Assets”) as disclosed in the Site, the Digital Assets are not to be construed, interpreted, classified or treated as:
- debentures, stocks or shares issued by any person or entity (whether by the entities developing the games and/or the Company or otherwise);
- rights, options or derivatives in respect of such debentures, stocks or shares;
- rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
- units in a collective investment scheme;
- units in a business trust; derivatives of units in a business trust; and/or
- any other security or class of securities; or any type of investment.
- You are fully aware of and understand that you are not eligible to purchase any Digital Assets or access the current information if you are a citizen, national, resident (tax or otherwise) of an internationally-sanctioned country.
- You have a high degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology.
- You are fully aware and understand, there are risks associated with: (i) the Company and its business and operations; (ii) the Digital Assets; (iii) the purchase of any Digital Assets; (iv) storage of any Digital Assets, and (v) relying or acting on all or any part of the current information.
- You agree and acknowledge that the Company is not liable for any direct, indirect, special, incidental, consequential, or other losses of any kind in tort contract or otherwise (including but not limited to loss of revenue income or profits or loss of use or data or loss of reputation or loss of any economic or other opportunity of whatsoever nature or howsoever arising) arising out of or in connection with any acceptance of or reliance on the current information, purchase of any Digital Assets, or any part thereof by you.
- All of the above representations and warranties are true, complete, accurate and not misleading from the time of your last access to and/or possession of (as the case may be) the Site.
7. Indemnification
You agree to indemnify the Company (and its officers, employees, and agents), including costs and attorneys' fees, from any claim or demand made by any third party due to or arising out of (a) your use of the Site, (b) your violation of these Terms, or (c) your violation of applicable laws or regulations. The Company reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate with our defense of these claims. You agree not to settle any matter without the prior written consent of the Company. The Company will use reasonable efforts to notify you of any such claim, action or proceeding upon becoming aware of it.
8. Third-Party Links and Advertisements; Other Users
- Third-Party Links and Ads. The Site may contain links to third-party websites and services, and/or display advertisements for third parties (collectively, “Third-Party Links and Ads”). Such Third-Party Links and Ads are not under the control of the Company, and the Company is not responsible for any Third-Party Links and Ads. The Company provides access to these Third-Party Links and Ads only as a convenience to you, and does not review, approve, monitor, endorse, warrant, or make any representations with respect to Third-Party Links and Ads. You use all Third-Party Links and Ads at your own risk, and should apply a suitable level of caution and discretion in doing so. When you click on any of the Third-Party Links and Ads, the applicable third party's terms and policies apply, including the third party's privacy and data gathering practices. You should make whatever investigation you feel necessary or appropriate before proceeding with any transaction in connection with such Third-Party Links and Ads.
- Other Users. Your interactions with other Users are solely between you and such Users. You agree that the Company will not be responsible for any loss or damage incurred as the result of any such interactions. If there is a dispute between you and any Users, we are under no obligation to become involved.
- Release. Subject to applicable law, you hereby release and forever discharge the Company (and our officers, employees, agents, successors, and assigns) from, and hereby waive and relinquish, each and every past, present and future dispute, claim, controversy, demand, right, obligation, liability, action and cause of action of every kind and nature, that has arisen or arises directly or indirectly out of, or that relates directly or indirectly to, the Site (including any interactions with, or act or omission of, other Users or any Third-Party Links and Ads).
9. Disclaimers
The Site is provided on an “as-is” and “as available” basis, and, to the extent permitted by applicable law, the Company and its Representatives expressly disclaim any and all warranties and conditions of any kind, whether express, implied, or statutory, including all warranties or conditions of merchantability, fitness for a particular purpose, title, quiet enjoyment, accuracy, or non-infringement. The Company and its Representatives make no warranty that the Site will meet your requirements, will be available on an uninterrupted, timely, secure, or error-free basis, or will be accurate, reliable, free of viruses or other harmful code, complete, legal, or safe. You expressly acknowledge and accept that the use of, or inability to use, the Service shall be at your sole risk.
Any and all information in this Website is provided for general information purposes only and does not constitute an offer or solicitation to buy or sell any securities or specific product and it does not constitute legal, tax, investment or financial advice or any professional advice. It is not intended as research, investment advice, or an invitation to conduct any investment business. The information presented may not be complete, accurate or sufficient to form the basis of any economic decision. Please consult your legal, financial and/or tax advisors before making any legal, commercial or investment decision, especially if it is in relation to any data or information discussed herein.
10. Limitation on Liability
To the maximum extent permitted by law, in no event shall the Company or its Representatives be liable to you or any third party for any lost profits, lost data, costs of procurement of substitute products, or any indirect, consequential, exemplary, incidental, special or punitive damages arising from or relating to these Terms or your use of, or inability to use, the Site, even if the Company has been advised of the possibility of such damages. Access to, and use of, the Site is at your own discretion and risk, and you will be solely responsible for any damage to your device or computer system, or loss of data resulting therefrom.
Under no circumstances shall the Company or any of its officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable for any indirect, punitive, incidental, special, consequential, or exemplary damages, including (but not limited to) damages for loss of profits, goodwill, use, data, or other intangible property, arising out of or relating to any access or use of the Site, nor will the Company be responsible for any damage, loss, or injury resulting from hacking, tampering, or other unauthorized access or use of the Site or the information contained within it.
The Company assumes no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from any access or use of the Site; (c) unauthorized access or use of any secure server or database in our control, or the use of any information or data stored therein; (d) interruption or cessation of function related to the Site; (e) bugs, viruses, trojan horses, or the like that may be transmitted to or through the Site; (f) errors or omissions in, or loss or damage incurred as a result of the use of, any content made available through the Site; and (g) the defamatory, offensive, or illegal conduct of any third party. Nothing in these terms limit or exclude our liability for (a) death or personal injury caused by our negligence; (b) fraud or fraudulent misrepresentation; (c) any other matter in respect of which we are not permitted to exclude or limit our liability under applicable law.
Notwithstanding anything in this Agreement to the contrary (but subject always to the preceding paragraph), and to the extent permitted by applicable law, the liability of the Company in respect of all claims by any User pursuant to or in connection with the Site and/or the services shall not in any event exceed USD $50. Further, the Company shall not be liable in any way or in any event in respect of any claim if such claim was not made within six (6) months from the date of the cause of action arose.
11. Term and Termination
Subject to this section, these Terms will remain in full force and effect while you use the Site. We may suspend or terminate your rights to use the Site (including your Account) at any time for any reason at our sole discretion, including for any use of the Site in violation of these Terms. Upon termination of your rights under these Terms, your Account and right to access and use the Site will terminate immediately. The Company will not have any liability whatsoever to you for any termination of your rights under these Terms, including for termination of your Account. Even after your rights under these Terms are terminated, the following provisions of these Terms will remain in effect: Access to the Site, Indemnification, Third-Party Links and Ads; Other Users, Disclaimers, Limitation on Liability; Term and Termination; and General Provisions.
12. General Provisions
- Changes. These Terms are subject to occasional revision. You can review the most current version of the Terms at any time at this page. Any changes to the Terms will apply on the date that they are made, and your continued access to or use of the Site and Services after the Terms have been updated will constitute your binding acceptance of the updates. If you do not agree to any revised Terms, you must not access or use the Site.
- Electronic Communications. The communications between you and the Company use electronic means, whether you use the Site or send us emails, or whether the Company posts notices on the Site or communicates with you via email. For contractual purposes, you (a) consent to receive communications from the Company in an electronic form; and (b) agree that all terms and conditions, agreements, notices, disclosures, and other communications that the Company provides to you electronically satisfy any legal requirement that such communications would satisfy if it were be in a hardcopy writing.
- Entire Terms. These Terms constitute the entire agreement between you and us regarding the use of the Site.
- Waiver. A waiver by the Company of any right or remedy under these Terms shall only be effective if it is in writing, executed by a duly authorized representative of the Company and shall apply only to the circumstances for which it is given. Our failure to exercise or enforce any right or remedy under these Terms shall not operate as a waiver of such right or remedy, nor shall it prevent any future exercise or enforcement of such right or remedy. No single or partial exercise of any right or remedy shall preclude or restrict the further exercise of any such right or remedy or other rights or remedies.
- Headings and Interpretation. The section titles in these Terms are for convenience only and have no legal or contractual effect. The word “including” means “including without limitation”.
- Severability. If any provision of these Terms is, for any reason, held to be invalid or unenforceable, the other provisions of these Terms will be unimpaired and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law.
- Relationship between You and Us. You confirm that you are acting on your own behalf and not for the benefit of any other person. Your relationship to the Company is that of an independent contractor, and neither party is an agent or partner of the other.
- Assignment. These Terms, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without the Company's prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. The Company may freely assign these Terms. The terms and conditions set forth in these Terms shall be binding upon assignees.
- Governing Law and Jurisdiction. These Terms and any dispute or claim arising out of or in connection with their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of the British Virgin Islands. You agree that the courts of British Virgin Islands shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with the subject matter or formation (including non-contractual disputes or claims) of these Terms.
- Statute of Limitations. You agree that regardless of any statute or law to the contrary, and to the extent permitted by applicable law, any claim or cause of action arising out of or related to the use of the Site or the Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.
- Class Action Waiver. You further agree that any arbitration shall be conducted in respective individual capacities only and not as a class action or other representative action, and the parties expressly waive their right to file a class action or seek relief on a class basis. If any court or arbitrator determines that the class action waiver set forth in this paragraph is void or unenforceable for any reason or that an arbitration can proceed on a class basis, then the arbitration provision set forth above shall be deemed null and void in its entirety and the parties shall be deemed to have not agreed to arbitrate disputes.
- Copyright/Trademark Information. All trademarks, logos and service marks relating to Chain Tactics are our property and other trademarks, logos and service marks displayed on the Site are also our property or the property of other third parties (the “Marks”). You are not permitted to use these Marks without our prior written consent or the consent of such third parties which may own the Marks.
13. Contact Information
If you wish to contact us in writing, or if these Terms require you to give notice to us in writing, please contact us at: legal@sovrun.org
14. Risk Disclosure Statement on Use of Tokens
If you are a holder of any token (the “Token”) that is intended to have utility within the Chain Tactics project (a “Tokenholder”), you hereby acknowledge, understand and assume the risks pertaining to the use of, and access to the Site and its Services, the Token and/or the Chain Tactics project in general (the “Products”), which are substantial and very high. Thus, please carefully read the following disclaimers and disclosures below (the “Risk Disclosure Statement”). This Risk Disclosure Statement provides you with information about the major risks associated with the Products.
The information presented in this Risk Disclosure Statement is not comprehensive and does not reflect all of the risks (or other important factors) you should consider before the use of, and access to, the Products. You must make your own independent decision to use of, and access to, the Products, which includes risks associated with cryptographic systems and warrant that you have an understanding of the usage, risks, potential bugs based on novel technology (where applicable), and intricacies of native cryptographic tokens, like Ether (ETH) and Bitcoin (BTC), smart contract based tokens such as those that follow the Ethereum Token Standard (https://eips.ethereum.org/EIPS/eip-20) and blockchain-based software systems.
You acknowledge and agree that your capital is at risk. You acknowledge and agree that you shall access and use the Products at your own risk. The terms not otherwise defined in this Risk Disclosure Statement shall bear the same meanings attributed to them in these Terms.
As a precondition for the use of, and access to, the Products, you as the Tokenholder agree to assume all the associated risks below and represent and warrant that:
- You have the knowledge, experience, understanding, professional advice and information to make its own evaluation of the merits, risks and applicable compliance requirements under applicable law pertaining to the use of, and access to, the Products. You understand that the use of Digital Assets is incredibly risky and may result in substantial if not complete loss of the amount used to purchase the Digital Assets;
- You acknowledge that the software and application with respect to the Products that the Company may develop, including the Token and other Digital Assets, would be new, unproven and in the early development stage. There is an inherent risk that the software or application could contain weaknesses, vulnerabilities, or bugs causing, inter alia, the complete loss of the Token and Digital Assets, or the risk that the Token and Digital Assets may not have their intended functionalities or may have no functions at all. There is likewise a general risk with new technologies that they may not function entirely as intended or create other unknown risks;
- You acknowledge and agree that the underlying blockchain-based networks are subject to sudden changes in operating rules, such as those commonly referred to as “forks,” which may materially affect the Products;
- You accept and agree that the Token is a utility token and thus assumes the risk the Company may not be able to provide or develop any useful benefit or feature associated with its use, and that the Token may not confer any rights or have no practical purpose. You acknowledge the Company's discretion to modify the services and its associated projects without notice, and explicitly accept that the Company shall not be liable for deviations from the original conceptualization. You, having the requisite knowledge, experience, and professional advice, is responsible for independently evaluating the risks and accepts that the Company is not obliged to provide any assurances about the availability, functionality, or continuity of the Token;
- You understand and agree to the inherent risks associated with cryptographic systems and blockchain-based networks, digital assets, including the usage and intricacies of native digital assets, smart contract-based tokens (including fungible tokens and NFTs), and systems that interact with blockchain-based networks. The Company does not own or control all of the underlying software through which other blockchain networks are formed. For example, the software underlying certain blockchain networks is open-source, such that anyone can use, copy, modify, and distribute it;
- You acknowledge that any use or interaction with the Token and the Products require a comprehensive understanding of applied cryptography and computer science to appreciate the inherent risks, including those listed above. You represent and warrant that it possesses relevant knowledge and skills;
- You acknowledge and understand that cryptography is a progressing field with advances in code cracking or other technical advancements, such as the development of quantum computers, which may present risks to Digital Assets and the Products, and could result in the theft or loss of your tokens and Digital Assets;
- You understand that blockchain networks use public and private key cryptography. Thus, You alone are responsible for securing its private key(s). The Company does not have access to the private key(s) of the Tokenholder or any other Person. Losing control of the private key(s) will permanently and irreversibly deny the Tokenholder access to the Digital Assets contained within a wallet or a network. Neither the company nor any other person or entity will be able to retrieve or protect your Token and Digital Assets. If the private key(s) of the Tokenholder are lost, you will not be able to transfer your Digital Assets to any other blockchain address or wallet. If this occurs, then you will not be able to realize any value or utility from the Token and Digital Assets that you may hold;
- You understand that the markets for these Digital Assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation;
- You acknowledge that the Token and the Products may be subject to flaws and that you are solely responsible for evaluating and assessing any code pertaining thereto. This warning and other warnings that the Company provides herein are in no way evidence or represent an on-going duty to alert the Tokenholder to all of the potential risks of purchasing the Token and utilizing the use of, and access to, the Products;
- You acknowledge and accept that the Token and Digital Assets in general are relatively new innovations and technologies whose regulatory treatment are presently uncertain and could lead to them being considered as securities and subject to restrictions under applicable law concerning their purchase, sale, trade and other related transactions. Any unintended violation of law may lead to enforcement action and penalties;
- You agree and accept that the Token and any other Digital Assets could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of the Company to generate, make available or provide services pertaining to the Products;
- You acknowledge and accept the risk that the Token and Digital Assets, once generated and issued, may lose some or all of their value and that you may suffer large and immediate financial loss due to the fluctuation of prices of the Token;
- You understand that the Token and Digital Assets in general, may be subject to expropriation and/or theft by hackers or other malicious groups by obstructing the token smart contract which creates the tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing;
- You understand and accept that the purchase and sale of the Token may possibly have tax consequences in the relevant jurisdiction and, in such an event, the Account owner is solely responsible for reporting and paying any taxes associated therewith;
- You acknowledge and accept that the tax or regulatory treatment of crypto or blockchain transactions and airdrops can vary depending on individual circumstances and the applicable laws and that your participation or engagement therein may subject you to potential tax or regulatory risk and liability, including possible technological and security risks as well as financial losses or damages;
- You assume and agree that the Company will have no responsibility or liability for any and all the risks associated with the Token and the Products as set forth herein. Thus, you, the Tokenholder, hereby irrevocably waives, releases and discharges all claims, whether known or unknown, against the Company, its affiliates and their respective shareholders, members, directors, officers, employees, agents and representatives related to any of the risks set forth herein; and
- You confirm and accept that there are risks associated with the Products that the Company cannot anticipate and such risks may appear as unanticipated variations or combinations of the risks discussed above. Accordingly, you likewise assume and acknowledge such risks regardless of the fact that the same is not expressly discussed or enumerated above.