Terms Policy

Effective Date: 11/01/24

These Terms and Conditions ("Terms") constitute a binding 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 Lightchain Token (LCAI) presale, you agree to be bound by the provisions set forth herein. If you do not agree to these Terms, you must immediately cease all use of our platform, services, and participation in the LCAI token ecosystem.

These Terms are designed to limit the liability of Lightchain Protocol AI to the fullest extent permitted by law while clarifying the risks associated with participation in blockchain technologies and cryptocurrency investments.

1. Acceptance of Terms

By engaging with any aspect of the Lightchain Protocol AI platform, you confirm that you have carefully read, fully understood, and unequivocally agreed to these Terms in their entirety. Your continued access and use of our services serve as your express acknowledgment of this agreement. It is your responsibility to regularly review these Terms, as Lightchain Protocol AI reserves 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 voluntarily, independently, and with full knowledge of the implications of participation in a blockchain-based platform. You affirm that you are solely responsible for evaluating the appropriateness of this platform for your individual circumstances.

2. Eligibility

Participation in the Lightchain Protocol AI ecosystem, including purchasing LCAI tokens, is restricted to individuals and entities who meet all legal and regulatory requirements within their jurisdictions. By proceeding, you explicitly warrant that:

• You are of legal age to enter into binding agreements and are not otherwise restricted from participation by the laws of your jurisdiction.
• You possess a comprehensive understanding of blockchain technology, cryptocurrencies, and their associated risks.
• You are not acting on behalf of or for the benefit of any person or entity barred from engaging in cryptocurrency-related activities under applicable law.

You acknowledge and agree that Lightchain Protocol AI is not liable for any violations of local laws resulting from your failure to ascertain the legality of your participation. It is your sole responsibility to ensure compliance with applicable laws.

3. Risk Disclosure

Cryptocurrencies, including LCAI tokens, are high-risk assets subject to extreme market volatility and speculative behavior. By participating in our ecosystem, you acknowledge and accept the following risks, absolving Lightchain Protocol AI of any liability:

• Volatility and Market Fluctuation: Cryptocurrency markets are inherently volatile, and the value of LCAI tokens may fluctuate drastically over time. Such changes could result in the complete loss of your investment.
• No Guaranteed Returns: Lightchain Protocol AI makes no representations, warranties, or guarantees regarding the potential value or future performance of LCAI tokens. Any hypothetical projections or third-party analyses should not be construed as indicative of actual outcomes.
• Regulatory Uncertainty: Cryptocurrencies are subject to changing laws, regulations, and interpretations by authorities in various jurisdictions. Regulatory actions may significantly affect the value, functionality, or legality of LCAI tokens.
• Technological Risks: The blockchain ecosystem relies on complex, evolving technologies. Bugs, hacks, and unforeseen technical issues may compromise your tokens or limit platform functionality.
• Investment at Your Sole Risk: You agree that all decisions related to participation in Lightchain Protocol AI or the acquisition of LCAI tokens are made at your sole discretion. You are responsible for conducting thorough due diligence and consulting qualified professionals, such as financial advisors or legal counsel, before making any financial commitments.

By proceeding, you accept that these risks are inherent and absolve Lightchain Protocol AI from liability for any damages or losses, whether direct, indirect, incidental, or consequential, arising from your participation.

4. No Financial Advice or Fiduciary Duty

All materials, content, and statements provided by Lightchain Protocol AI, whether on our website, whitepaper, or other communications, are for informational purposes only. They are not intended to serve as financial, investment, legal, or tax advice. You should not interpret any communication from Lightchain Protocol AI, its representatives, or affiliates as a promise, guarantee, or suggestion of financial gain.

Lightchain Protocol AI is not a licensed financial advisor, broker-dealer, or fiduciary. By participating, you expressly disclaim reliance on any perceived expertise, recommendation, or representation from Lightchain Protocol AI or its affiliates regarding the purchase, holding, or trading of LCAI tokens. You acknowledge that all decisions are made independently and at your sole risk.

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 function as a security, currency, or any form of financial instrument. Lightchain Protocol AI explicitly disclaims any responsibility for misinterpretation of the token's purpose. Participants are responsible for understanding the technical, functional, and regulatory aspects of LCAI tokens before acquisition.

Ownership of LCAI tokens does not confer upon you any rights of equity, ownership, governance, or claims against Lightchain Protocol AI. The token is not redeemable for fiat currency, commodities, or other financial assets outside its ecosystem.

6. Limitation of Liability

To the fullest extent permitted by applicable law, Lightchain Protocol AI and its officers, directors, employees, affiliates, and agents disclaim all liability for damages arising from:

• Losses or failures related to blockchain technologies, including transaction errors, wallet compromises, or unauthorized access to your tokens.
• Market fluctuations that result in devaluation or loss of your investment in LCAI tokens.
• Legal or regulatory actions impacting the availability, functionality, or legality of our services or tokens.
• Any indirect, incidental, special, or consequential damages, including loss of profits, data, or opportunity, regardless of foreseeability.

In no event shall the aggregate liability of Lightchain Protocol AI exceed the value of the fees you paid, if any, to access or use our services.

7. Indemnification

You agree to indemnify, defend, and hold harmless Lightchain Protocol AI and its affiliates from and against all claims, damages, costs, and expenses (including reasonable legal fees) arising from your breach of these Terms, misuse of the platform, or violation of applicable laws.

8. Force Majeure

Lightchain Protocol AI shall not be liable for any delays, interruptions, or failures in performance caused by events beyond its reasonable control, including but not limited to acts of God, regulatory changes, cyberattacks, technical malfunctions, or economic disruptions.

9. Governing Law

These Terms are governed by and construed in accordance with the laws of [Insert Jurisdiction]. Any disputes shall be resolved exclusively through arbitration, as stipulated under [Insert Arbitration Rules], with decisions binding on all parties.

Acknowledgment and Acceptance

By accessing the Lightchain Protocol AI platform, purchasing LCAI tokens, or participating in any related activities, you affirm that you have read, understood, and agreed to these Terms and Conditions. You further acknowledge that cryptocurrency investments are speculative, high-risk endeavors and that you proceed entirely at your own discretion and responsibility.

You expressly release Lightchain Protocol AI from any and all liability, holding us harmless for any damages, losses, or claims related to your use of the platform or participation in our ecosystem. Your acceptance of these Terms constitutes your agreement to the inherent risks, absolving Lightchain Protocol AI of any obligations beyond those explicitly set forth herein.