Terms and Conditions

Effective Date: 11/01/24

These Terms and Conditions ("Terms") constitute a binding legal agreement between you, the user ("you," "your," or "Participant"), and Lightchain Protocol AI ("we," "us," or "Company"). By accessing our website, utilizing our services, or participating in the presale of the Lightchain Token (LCAI), you agree to comply with and be bound by these Terms. If you do not agree with any of these provisions, you must immediately discontinue all use of our platform, services, and participation in the LCAI token ecosystem.

These Terms are designed to clearly articulate the risks associated with cryptocurrency investments, define the scope of our services, and limit the liability of Lightchain Protocol AI to the fullest extent permitted by law.

1. Acceptance of Terms

By engaging with the Lightchain Protocol AI platform, you affirm that you have read, fully understood, and explicitly agreed to these Terms in their entirety. Your continued use of our services constitutes your acknowledgment of this agreement. It is your sole responsibility to regularly review these Terms, as we reserve the right to update or amend them at any time without prior notice.

Your acceptance of these Terms is a legally binding representation that you are acting with full knowledge and understanding of the implications associated with participation in blockchain-based technologies. You assume all responsibility for evaluating whether this platform aligns with your personal and financial circumstances.

2. Eligibility

YOU MUST BE AT LEAST 18 YEARS OLD TO USE OUR SERVICES. BY USING OUR SERVICES, YOU REPRESENT AND WARRANT THAT YOU ARE AT LEAST 18 YEARS OLD AND HAVE THE LEGAL CAPACITY TO ENTER INTO THESE TERMS. YOU MAY NOT ACCESS OR USE THE WEBSITE IF THE PROMOTION OR USE OF CRYPTOCURRENCIES IS RESTRICTED OR PROHIBITED IN YOUR JURISDICTION.

Participation in the Lightchain Protocol AI ecosystem, including the purchase of LCAI tokens, is restricted to individuals and entities that comply with the legal and regulatory requirements of their jurisdiction. By proceeding, you explicitly warrant that:

• You have reached the legal age of majority in your jurisdiction and are not barred by any local law or regulation from participating.
• You possess a thorough understanding of blockchain technology, digital assets, and their associated risks.
• You are not acting on behalf of any individual or entity barred from cryptocurrency-related activities.
• You accept full responsibility for ensuring compliance with all applicable laws and regulations governing your participation.

Lightchain Protocol AI disclaims all liability for your failure to ascertain the legality of your actions in your jurisdiction. It is your exclusive duty to confirm that engaging with our services aligns with local laws.

3. Registration and Account Management

To access certain features or participate in the LCAI token presale, you may need to create an account on our website. By registering an account, you agree to:

• Provide accurate, current, and complete information during the registration process.
• Update your account information promptly if there are changes.
• Maintain the confidentiality of your account credentials and restrict access to your account.
• Notify us immediately if you suspect unauthorized use of your account or a security breach.

You are solely responsible for all activities conducted under your account. We reserve the right to suspend or terminate accounts that violate these Terms.

4. Use of the Services

You agree to use the platform and services solely for lawful purposes and in compliance with these Terms. You agree NOT to:

• Engage in illegal activities or use the platform in a manner that violates any local, state, national, or international laws.
• Disrupt or interfere with the functionality of the platform or the experience of other users.
• Misrepresent your identity, provide false information, or attempt to bypass platform security measures.

5. Token Purpose and Utility

The LCAI token is a utility token designed exclusively for use within the Lightchain Protocol AI ecosystem. It is not intended to serve as a security, currency, or financial instrument. Lightchain Protocol AI expressly disclaims any liability arising from misinterpretation of the token's purpose or utility.

Ownership of LCAI tokens does not grant you equity, or claims against Lightchain Protocol AI. Tokens are non-redeemable for fiat currency, commodities, or other assets outside the ecosystem.

6. Risk Disclosure

Cryptocurrency investments are inherently speculative and carry a high degree of risk. By participating in the Lightchain Protocol AI platform or purchasing LCAI tokens, you expressly acknowledge and accept the following:

• Volatility and Market Risks: The value of cryptocurrencies, including LCAI tokens, is highly volatile and subject to extreme market fluctuations.
• No Guaranteed Returns: Lightchain Protocol AI makes no representations, warranties, or guarantees regarding the current or future value of LCAI tokens.
• Regulatory Risks: Cryptocurrencies may be affected by evolving regulations or government actions that could impact their value or legality.
• Technological Risks: The blockchain ecosystem relies on developing technologies, which may be vulnerable to bugs, hacks, or system failures.

You agree to conduct independent research and assume full responsibility for any decisions made.

7. Payments, Transactions, and Staking

All payments for LCAI tokens must be made according to the instructions provided during the presale. By participating, you acknowledge and agree that:

• Payments are processed via secure blockchain smart contracts.
• Lightchain Protocol AI does not store or access your payment details.
• Tokens purchased during the presale will not be immediately available; they will be delivered after the presale concludes.
• If you choose to stake tokens, they may be subject to additional claim periods and rules outlined at the time of staking.

We are not responsible for errors, delays, or failures in payment processing caused by third-party services or blockchain issues.

8. Privacy Policy

Your use of the platform is also governed by our Privacy Policy, which details how we collect, process, and protect your data. By using the platform, you consent to the collection and use of your data as described. For more details, please refer to the full Privacy Policy on our website.

9. Intellectual Property Rights

All content, features, and functionalities of the Lightchain Protocol AI platform—including text, graphics, logos, and software—are the exclusive property of Lightchain Protocol AI or its licensors. You may not use, modify, distribute, or reproduce this content without explicit permission.

10. Limitation of Liability

To the fullest extent permitted by applicable law, Lightchain Protocol AI, its officers, directors, employees, affiliates, and agents shall not be held liable for:

• Losses resulting from blockchain technology errors, such as unauthorized access or transaction failures.
• Market volatility or depreciation in the value of LCAI tokens.
• Any indirect, incidental, special, or consequential damages.

Our aggregate liability is limited to the fees you paid for using our services.

11. Indemnification

You agree to indemnify and hold harmless Lightchain Protocol AI and its affiliates from claims, damages, or expenses arising from:

• Your use of the platform.
• Your violation of these Terms or applicable laws.

12. Token Delivery Timeline

By participating in the presale, you acknowledge that tokens may not be available immediately upon purchase. You agree and assert that you will need to wait until the presale concludes before receiving your purchased LCAI tokens.

13. Termination

We reserve the right to suspend or terminate your access to the platform if you breach these Terms. All provisions that survive termination, such as limitation of liability and intellectual property rights, remain in effect.

We may modify these Terms at any time. Material changes will be communicated via the website, and your continued use of the platform constitutes acceptance of the updated Terms.

If you have questions about these Terms, please contact us at support@lightchain.ai .