These Terms and Conditions (herein referred to as "Terms") govern the use and the conditions of https://commmercium.net (herein referred as "Website"), and the Services provided by the Commercium DAO (herein referred to as "Company" or "We" or "Us"), a Decentralized Autonomous Organization that is controlled by various token holders around the globe. These Terms constitute a binding and enforceable legal contract between the Company and its Affiliate and subsidiaries worldwide and you, an end user of the Services (herein referred to as "You" or "User") in relation to the Services. You and the Company are referred to separately as "Party" and collectively as "Parties".By accessing, registering, using, or clicking on the Services, and information made available by the Company via the Website, you hereby accept and agree to all the Terms set forth herein.By using the Website and the Services in any capacity, you agree that: (i) You have read and familiarized yourself with these Terms; (ii) You understand these Terms; and (iii) You agree to be bound by these Terms when using the Website. If You do not agree to these Terms, please do not access or use the Website and the Services.We reserve the right to modify or amend these Terms, the Website, or any content on either one of the platforms from time to time, including for security, legal, or regulatory reasons, as well as to reflect updates or changes to the services or functionality of the Website. You are advised to check these Terms periodically to ensure that you are cognizant of the current versions and comply with them. Users of the Website and the Services are bound by these changes which will take immediate effect after the revised versions of these Terms have been published on the Website or the relevant mobile application. Through your continued use of or interaction with the Website, the Services, tools, and information made available on these platforms, you hereby agree to be bound by the provisions highlighted in the subsequent versions.By accessing, registering, using, or clicking on the Services, and information made available by the Company via the Website, you hereby accept and agree to all the Terms set forth herein.
"Affiliate" means, in relation to a person, any company or other entity, whether or not with legal personality, which directly or indirectly controls, is controlled by or is under joint control with that person. For this purpose, a person is deemed to control a company or entity if it (a) owns, directly or indirectly, at least 50 percent of the capital of the other company, or (b) in the absence of such ownership interest, substantially has the power to direct or cause the direction of the management and set the policies of such company or entity."Applicable Laws" refers to acts, statutes, regulations, ordinances, treaties, guidelines, and policies issued by governmental organizations or regulatory bodies relevant to a certain party."Content" refers to all content generated by the Company, including logos, identifying marks, images, illustrations, designs, icons, photographs, videos, text, any written or multimedia materials, services, advertisements, software, code, data, files, archives, folders, or available downloads on the Commercium Platform."Platform" refers to the collective smart contracts deployed by the Company on the Commercium platform. They run separate from this Website and the operator of this Website has no control of these smart contracts."Services" refer to the services provided to the Users through the Website, which include the accessibility to the new CMM token for projects, staking service and other relevant services available through the Platform and all free trials and beta services made available by the Company, which may be subject to periodic revision."Staking or Stake" refers to the staking or deposit service in which the Users can delegate or deposit the User's Commercium Tokens in exchange for a share of staking rewards on the Platform."Token" refers to a blockchain-based token which is issued, stored, transferred, transacted on the Commercium network. Users need to hold Commercium Tokens to participate in any Services on the Platform including Staking or pre-sale of Project selected for the launchpad."User" refers to any third party interacting with this Website, the Services offered by the Company, or the Commercium Platform operating on the BNB blockchain."Wallet(s)" refers to a wallet which must be compatible with the Commercium network."Website" refers to this website, https://commercium.net
3. General Provisions
3. Participation in the Commercium Services
1. Token Sales: The Company will provide access to smart contracts on the Platform through the Website that will enable Users to send Commercium in exchange for Commercium Tokens and other Project Tokens. You accept that once these contracts are deployed on the Platform, we have no control or ability to alter their behavior. You accept full responsiblity for the outcome of any and all interacts with the Platform through the Website and agree to not seek indemity from the operators of the Website, or the Company, for any unexpected or undersireable outcomes while interacting with the Platform. The token is not considered a security of any kind, and does not carry any right of ownership of the Commercium Platform. The Token is neither money nor legal tender/currency.2. Staking: Users who stake Commercium Tokens through smart contracts will be eligible to participate in Projects launched on the Commercium Platform. The availability of Project tokens will be set on a case-by-case basis in smart contracts, and all details will be outlined on the Website. The operators of the Website will facilitate interaction with these smart contracts on the Commercium blockchain, but do not accept any legal liability for the bahavior of these smart contracts which are not deployed on the Website. You accept all liability and responsibility for any outcomes as a result of your interaction with these smart contracts through the use of this Website.
4. Risk Disclosure
By accessing the Website or using or participating in the Company Services, you expressly acknowledge and assume the following risks:1. Risk of loss in value: Tokens or any digital currencies are not issued by any central banks or national, supra-national, or quasi-national organizations. They are also not backed by any hard assets or other credit. The value of tokens or any digital currencies is affected by several factors, including but not limited to, the total number of tokens or any digital currencies in existence, the continued willingness of market participants to exchange government-issued currency for tokens or digital currencies , purchasers' expectations with respect to the rate of inflation of fiat currencies, purchasers' expectations with respect to the rate of deflation of cryptocurrencies, interest rates, currency exchange rates, cyber theft of cryptocurrencies from online digital wallet providers, or news of such theft from such providers or individuals' digital wallets, investment and trading activities of large investors, monetary policies of the governments, trade restrictions, currency devaluations and revaluations, regulatory measures, the global or regional political, economic or financial events and situations. Thus, all these factors will affect the value of tokens or digital currencies, which may result in the permanent partial or total loss of the value of any particular token or digital currency. No one will be obliged to guarantee the liquidity or the market price of any Commercium tokens or digital currencies maintained in your Wallets. The volatility and unpredictability of the value of tokens or digital currencies relative to the government-issued currency may result in a significant loss over a short period of time.2. The regulatory regime governing tokens or digital currencies: The regulatory framework relating to tokens or digital currencies remains unsettled, and any laws, regulations, or guidelines may be significantly revised and amended which will materially and adversely affect the value of any Tokens held, or a User's access to their Wallet or the Commercium blockchain.3. Technical and system failure affecting the obligations stipulated in these Terms: the Website may experience system failures, and the Commercium blockchain and all associated smart contracts may experience unplanned interruptions, hardware or software defects, security breaches or other causes that could adversely affect the the Company infrastructure network, which includes the Website and Commercium Platform.The Company is unable to anticipate the occurrence of hacks, cyber-attacks, mining attacks, including but not limited to double-spend attacks, majority mining power attacks and selfish-mining attacks, distributed denial of service attacks or errors, vulnerabilities or defects on the Website, Commercium Tokens, Users' Wallets or any technology, including but not limited to smart contract technology. Also, the Company is unable to detect the hacks as mentioned earlier, mining attacks, cyber-attacks, distributed denials of service errors vulnerabilities, or defects in a timely manner and does not have sufficient resources to efficiently cope with multiple service incidents happening simultaneously or in rapid succession.In addition, the Company's network or the services could be disrupted by numerous events, including natural disasters, equipment breakdown, network connectivity downtime, power losses, or even intentional disruptions of its services, such as disruptions caused by software viruses or attacks by unauthorized users, some of which are beyond the Company's control. Although the Company has taken steps and used its best endeavour against malicious attacks on its appliances or its infrastructure, which are critical for the maintenance of the Commercium Platform and the Services, there can be no assurance that cyber-attacks, such as distributed denials of the Service, will not be attempted in the future, and that the Company's enhanced security measures will be effective. Any significant breach of the Company's security measures or other disruptions resulting in a compromise of the usability, stability and security of the Company's network or the services, including the Commercium Platform, may adversely affect Commercium Tokens.4. You understand and agree that your use of the services and the website is completely at your own risk. This clause is not exhaustive and does not disclose all the risks associated with digital currencies and the use of services. Therefore, you are recommended to carefully consider whether such use is suitable for you in light of your judgement, circumstances, and financial position.
5. Limitation of Liability
Notwithstanding any provisions within these terms, in no event will the company, its partners its affiliate, or its employees, agents, officers, or directors be liable to the user for any incidental, special, exemplary, punitive, indirect, or consequential damages of any kind, under any legal theory, arising out of or in connection with your use, or inability to use, the website, any websites linked to it, any content on the website or other such websites, or any other services or items obtained through the website, or other such websites, including, but not limited to, lost revenue, lost profits, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data, loss of your credential information, loss or interruption of technology, loss of use of service or equipment, even if the user was advised of the possibility of such damages, and whether arising under a theory of contract, tort, strict liability or otherwise. The company will also have no liability for any emergency and/or unforeseeable incidents related to your use of the services on the Commercium platform such as stolen private key, or hacked accounts.
You irrevocably undertake the responsibility of fully indemnifying and holding harmless each of the Company, its Affiliate, licensors, shareholders, officers, directors, managers, employees, and agents from and against any and all losses, claims, actions, proceedings, damages, demands, judgements, sums, liabilities, damages, costs, charges and expenses, including, but not limited to, any reasonable attorney's fees or penalties imposed by any regulatory authority, and reimbursements arising out of or related to the following situations:1. Your use or any person using the Services on your behalf or participation in accordance with the Services on the Website or the Commercium Platform;2. Your breach of or our enforcement of these Terms;3. Any violations of Applicable Laws, regulation, or rights of any third-party during your use or participate in the Service.If you are obligated to indemnify the Company, its Affiliate, shareholders, licensors, officers, directors, managers, employees, and agents, the Company will have the right, at our sole discretion, to control any action or proceeding and to determine whether the Company wishes to proceed, or settle, and if so, on what terms or provisions.
7. No Financial and Legal Advice
The Company is merely a technology platform, and is not your broker, intermediary, agent, or legal advisor and has no fiduciary relationship or obligation to you in connection with any decisions or activities effected by you using the Website or the Services. No communication or information provided to you by the Company is intended as or will be considered or construed as, the solicitation of an offer to buy, the investment advice, financial advice, legal advice, or any other sort of advice. All Services, transactions, and Investments will be executed automatically based on the parameters of your consideration. You will be solely responsible for determining whether any Services, or investments are suitable and match your interests according to your judgement, objectives, circumstances, and risk tolerance. You will be solely responsible for any losses or liabilities therefrom.Before executing any transactions, acquiring Commercium Tokens or CMMLP tokens on the Commercium Platform, you should consult with your independent financial, legal, or tax professionals. The Company and the operator of this Website will not be liable for the decisions you make to access and purchase through the Website.
Any notice, requests, demands, and determinations for the Company under these Terms (other than routine operational communications) shall be sent to firstname.lastname@example.org
9. Governing Law, Dispute Resolution, Arbitration, and Lawsuits
A DAO is not a traditional corporation, and as such is not registered under any government. A DAO involves a set of people interacting with each other according to a self-enforcing open-source protocol. Members of a DAO are not bound together by a legal entity, nor have they entered into any formal legal contracts. As such, the Company is steered by incentives tied to network tokens, and fully transparent rules that are written into the blockchain, which is enforced by machine consensus.Therefore, any disputes regarding the outcome of the smart contracts in place on the Commercium blockchain are impossible to arbitrate. All the code is open source and visible to all, and the User accepts all responsibility for their interaction with said smart contracts. Your use of the Website to facilitate interaction with smart contracts on the Commercium blockchain is interpreted as acceptance of full personal liabliy. You will not hold the operator of the Website, the Company, its Affiliates, licensors, shareholders, officers, directors, managers, employees, or agents responsible for any perceived or tangible damages relating to your interaction with the blockchain.