TERMS AND CONDITIONS

These Terms and Conditions pertain to your use of the Vitreus DAO platform ('Vitreus DAO').

Before proceeding, please read and understand the following Terms and Conditions ('Terms') and the Vitreus DAO legal disclaimer governing the use of the Vitreus DAO platform and any of its associated initiatives. Please read them carefully. If you do not agree with any of the provisions stated herein, you should not use the Vitreus DAO platform or participate in projects, protocols and/or tokens that may be deployed, recruited or collaboratively introduced.

USERS ACKNOWLEDGE THAT PARTICIPATING IN DAOS INVOLVES INHERENT RISKS, INCLUDING BUT NOT LIMITED TO MARKET VOLATILITY, SMART CONTRACT VULNERABILITIES, AND POTENTIAL LOSS OF FUNDS.


Vitreus DAO

The Vitreus DAO platform enables users to interact with a Vitreus blockchain-based Decentralized Autonomous Organizations (DAO) governed by users, using code-based executable functions on blockchain technology, under the sole governance of the Vitreus (VTRS) token holders.

To interact with Vitreus DAO, you must use non-custodial wallet software, which allows you to interact with public blockchains. Your use of a non-custodial wallet provider is governed by the applicable terms of service of that third party, and are not governed by these Terms.

YOU ACKNOWLEDGE THAT USING VITREUS DAO INVOLVES CERTAIN RISKS, INCLUDING BUT NOT LIMITED TO THE POTENTIAL LOSS OF YOUR DIGITAL ASSETS.

YOU SHOULD CONDUCT YOUR OWN INDEPENDENT RESEARCH AND SEEK PROFESSIONAL ADVICE BEFORE USING VITREUS DAO.


Eligibility

By accessing and using Vitreus DAO you represent and warrant to us that:

  • You are at least 18 years old, or the legal age in your jurisdiction, with no legal impediment or incapability, capable of using Vitreus DAO and participating in any DAO or token distribution.
  • You have read and understood the risks of using Vitreus DAO, and that you are solely responsible for your actions.
  • You are acting on your own account as principal and not as trustee, agent or otherwise on behalf of any other persons or entities.
  • You have had the opportunity to take legal, financial, accounting or other advice that you deem appropriate prior to using Vitreus DAO.
  • You will only use Vitreus DAO with legally obtained digital assets that belong to you, and with full legal and beneficial title to any such assets.

Your access to Vitreus DAO may be restricted based on your jurisdiction or geographical location. You must not use Vitreus DAO if you are located in or a citizen or resident of any state, country, territory or other jurisdiction in which the use of Vitreus DAO would be illegal or otherwise violate any applicable law (a 'Restricted Territory'). You are not participating from the United States, Burma (Myanmar), Cuba, Iran, Sudan, Syria, the Western Balkans, Belarus, Côte d’Ivoire, Democratic Republic of the Congo, Iraq, Lebanon, Liberia, Libya, North Korea, Russia, regions of Donetsk, Luhansk, Crimea and Sevastopol (specified Ukraine regions), Somalia, Venezuela, Yemen, or Zimbabwe (collectively, 'Prohibited Jurisdictions'), or any other jurisdiction listed as a Specially Designated National by the United States Office of Foreign Asset Control ('OFAC').


Risks

By accessing and using Vitreus DAO, you represent that you understand the financial and technical risks associated with using cryptographic and blockchain-based systems, including, to the extent that:

  • You understand that the markets for digital assets are nascent and highly volatile due to risk factors including, but not limited to, adoption, speculation, technology, security, and regulation.
  • You understand that anyone can create fake versions of existing tokens and tokens that falsely claim to represent DAOs, projects, and acknowledge and accept the risk that you may mistakenly trade those or other tokens.
  • You understand that smart contract transactions automatically execute and settle, and that blockchain-based transactions are irreversible when confirmed.
  • You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems such as Vitreus are variable and may increase dramatically at any time.
  • You acknowledge that we are not responsible for any of these variables or risks, do not own or control the protocol, and cannot be held liable for any resulting losses that you experience while accessing or using Vitreus DAO.
  • You understand and agree to assume full responsibility for all of the risks of accessing and using Vitreus DAO.
  • You understand that, as a DAO, we control the underlying software through which the Vitreus blockchain is formed, however, the software underlying blockchain networks, including the Vitreus blockchain, is open source, such that anyone can use, copy, modify, and distribute it.

By using Vitreus DAO, you acknowledge and agree, that: Vitreus DAO, while responsible for the operation of the blockchain-based software and networks underlying the Vitreus DAO platform; there exists no guarantee of the functionality, security, or availability of that software and networks, and 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 Vitreus DAO. Vitreus DAO and its wider stakeholders carry the onus of this availability, security and functionality based on the collective decisions conducted through on-chain governance, through provided and approved portals via VTRS tokens.

  • You understand that blockchain networks use public and private key cryptography.
  • You alone are responsible for securing your private key(s). We do not have access to your private key(s). Losing control of your private key(s) will permanently and irreversibly deny you access to digital assets on the Ethereum blockchain or other blockchain-based networks. If your private key(s) are lost, you cannot 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 digital assets that you may hold.
  • You understand that our services and your digital assets could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability to continue providing our services.
  • You understand that our services and your digital assets could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability to continue providing our services.
  • You acknowledge that the cost of transacting on the Vitreus blockchain is variable and may increase at any time causing impact to any activities taking place on the Vitreus blockchain, which may result in price fluctuations or increased costs when using Vitreus DAO.

You interact with Vitreus DAO at your own risk. You acknowledge that Vitreus DAO is subject to flaws and that you are solely responsible for evaluating any code provided in the Vitreus DAO platform. If you are a holder of the VTRS digital asset, you are natively included in the responsibilities of Vitreus DAO as a whole, to which your digital assets may be impacted whether or not you’ve directly, or indirectly, participated in a governance vote or approved or disapproved of a vote.

You acknowledge that the information available in Vitreus DAO may not always be accurate, complete, or current and may include technical inaccuracies or typographical errors. To continue providing you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including information regarding our policies. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on or as part of the Vitreus DAO interface are your sole responsibility. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any information distributed via or otherwise when using Vitreus DAO.

By using Vitreus DAO, you represent and warrant that you have been, are, and will be solely responsible for making your independent appraisal and investigations into the risks of a given transaction and the underlying digital assets, including smart contracts. You represent that you have sufficient knowledge, market sophistication, professional advice, and experience to make your evaluation of the merits and risks of any transaction conducted in connection with Vitreus DAO or any digital asset.

You accept all consequences of using Vitreus DAO, including the risk that you may lose access to your digital assets indefinitely. All transaction decisions are made solely by you. Notwithstanding anything in these Terms, we accept no responsibility whatsoever for, and will in no circumstances be liable to you in connection with, your use of Vitreus DAO for performing digital asset transactions, including entering into smart contracts.

You understand that you are responsible for transactions you execute, including any erroneous orders that may be filled. We do not take any action to resolve erroneous trades that result from your errors.

You hereby acknowledge and agree that we will have no responsibility or liability for the risks set forth in this Section or inherent to the use of Vitreus DAO.

You hereby acknowledge and agree we are a DAO operating the core infrastructure of a wider blockchain platform that includes and expands to accept and house other blockchain and/or smart contract based protocols. While we are a DAO and operate as such, Vitreus DAO itself cannot be held responsible for your personal decisions, votes, options, ideas, proposals or the outcomes of the decentralized population of VTRS digital asset holders.

You hereby irrevocably waive, release, and discharge all claims, whether known or unknown toyou, against us and our shareholders, members, directors, officers, employees, agents, and representatives, suppliers, and contractors related to any of the risks set forth in this Section or inherent to the use of Vitreus DAO.

You understand and acknowledge that before you use Vitreus DAO, you should be familiar with any rules or laws relevant to the services provided.

You should obtain independent advice about the different types of services available in both your home jurisdiction and other relevant jurisdictions before you start using Vitreus DAO. If your country of residence imposes restrictions on digital assets, we may be required to discontinue your access to Vitreus DAO. We may not be permitted to transfer digital assets or permit the transfer of digital assets as a consequence of a judicial or administrative order or regulatory environment.

You are responsible for all taxes in respect of any gains obtained by using Vitreus DAO. Before using our services you should understand the tax implications of acquiring, entering into, holding and disposing of a digital asset. You should consult your independent tax advisor to understand the relevant tax implications of your activities.

YOU UNDERSTAND THAT THE USE OF VITREUS DAO IS EXPOSED TO REGULATORY AND LEGAL RISK AND THAT THE REGULATORY FRAMEWORK OF DIGITAL ASSETS MAY CHANGE OR VARY ACCORDING TO EACH JURISDICTION. THE EFFECT OF REGULATORY LEGAL RISK MAY AFFECT THE VALUE OF ANY DIGITAL ASSET. THE LAWS OF VARIOUS JURISDICTIONS MAY APPLY TO DIGITAL ASSETS. APPLYING THESE LAWS AND REGULATIONS TO DIGITAL ASSETS IS UNTESTED, AND LAWS AND REGULATIONS ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE. AS A RESULT OF REGULATION AND LEGISLATION AROUND DIGITAL ASSETS, VITREUS DAO MAY BECOME OR NOT BE AVAILABLE IN CERTAIN JURISDICTIONS.


DAOs and Utility Token Distribution

The Vitreus DAO platform allows the interaction with blockchain-based proposals for highly technical, code-based alterations to the Vitreus blockchain, its components and the inclusion and operation of governance utility tokens by its users. The information and contents of each DAO-based interaction, through approved and confirmed applications and/or portals, are the sole responsibility of the Vitreus DAO users and, by definition, VTRS governance token holders.

You acknowledge that Vitreus DAO has no responsibility whatsoever regarding the contents, representations and risks associated with the participation in any DAO or the distribution or subscription of any tokens associated with any DAO, or participating in any token sale or distribution using the Vitreus DAO platform. You explicitly understand that we have not conducted any prior legal or technical, security or other assessment on the nature of projects, protocols or tokens that expand the Vitreus DAO ecosystem and platform. We do not make any representations or warranties regarding any information, veracity, viability or any other claims regarding the projects, protocols or tokens deployed, hosted or integrated with the Vitreus DAO ecosystem and platform.

Each project, protocol and token distribution process, including token allocation, will be determined exclusively by the promoters and users of said project, protocol or token.

Participating in any project, protocol and distribution of tokens does not guarantee the acquisition or allocation of any tokens. Allocation decisions will be subject to the rules and processes defined by each project, protocol,token and its promoters.

You agree and understand that: (a) all transactions submitted through Vitreus DAO are considered unsolicited, which means that you solely initiated them; (b) you have not received any investment advice from us in connection with any transaction.

You should decide to use Vitreus DAO, as well as which governance proposals to participate in, or which ecosystem-adjacent project, protocol or tokens to receive only after due and careful consideration. You should determine whether a governance proposal is appropriate in light of your experience in similar transactions, financial resources and other relevant circumstances. If you are unsure that the governance proposal is suitable, you should obtain independent legal, tax or financial advice.


DAO Representations and Promotions

The Vitreus DAO platform may contain references or links to projects, protocols or tokens, and other third-party resources, including, but not limited to, information, materials, products, or services that Vitreus DAO does not own or control. In addition, third parties may offer promotions related to your access and use of services.

Vitreus DAO does not endorse or assume responsibility for such resources or promotions.

If you access any such resources or participate in such promotions, you do so at your own risk, and you understand that the Terms do not apply to your dealings or relationships with any DAOs or third parties.

You expressly relieve Vitreus DAO of any liability arising from using any such resources or participating in any such promotions or marketing campaigns.


Prohibited activities

You agree not to engage in, or attempt to engage in, any of the following categories of prohibited activities in connection to your access and use of Vitreus DAO:

  • Activities that on or violate any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under any law or jurisdiction.
  • Activities that seek to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including (but not limited to) the deployment of viruses and denial of service attacks.
  • Activities that seek to defraud Vitreus DAO or any other person or entity, including (but not limited to) providing any false, inaccurate, or misleading information in order to obtain the property of another unlawfully.
  • Activities that violate any applicable law, rule, or regulation concerning the integrity of trading markets.
  • Activities that violate any applicable law, rule, or regulation concerning the trading of securities or derivatives, including (but not limited to) the unregistered offering of securities and the offering of leveraged and margin commodity products to retail customers in any applicable jurisdiction.
  • Activities that violate any applicable law, rule, or regulation in any jurisdiction, including (but not limited to) the restrictions and regulatory requirements


Intellectual Property


The Vitreus DAO owns intellectual property and other rights associated with our services provided under the Vitreus DAO platform, including, but not limited to, proprietary software, text, images, trademarks, service marks, copyrights, patents, and designs.

Any of the Vitreus DAO trademarks, names, logos, and other marks used in Vitreus DAO as a part of the Vitreus DAO platform, are trademarks owned by the Vitreus DAO, its affiliates or its applicable licensors. You may not copy, imitate or use such trademarks without our, or the applicable licensor's prior written consent.

You acknowledge that certain aspects of the Vitreus DAO applications may use, incorporate or link to certain open-source components and that your use of the services is subject to, and you will comply with, any applicable open-source licenses that govern any such open-source components.

Excluding third-party software that our services incorporate, the Vitreus DAO owns the services and all portions thereof, including all technology, content and other materials used, displayed or provided on or in connection with the services, including all intellectual property rights therein and thereto, whether or not subject to the open-source licenses, and hereby grant you a limited, non-exclusive, revocable, non-transferable, non-sublicensable license to access and use those portions of the Services that are proprietary and not available pursuant to the open-source licenses.

The Vitreus DAO applications and services are non-custodial. When you deposit digital assets into any blockchain-based, code-driven mode, such as, but not limited to smart contracts, you retain control over those digital assets at all times. The private key associated with the Vitreus address from which you transfer digital assets is the only private key that can control the digital assets you transfer into the smart contracts. You may withdraw digital assets from any smart contract only to the Vitreus address from which you deposited the digital assets.

All intellectual property rights, including but not limited to trademarks, logos, and content, related to DAOs in the Vitreus DAO platform, and associated materials, are owned by their respective users. You agree not to reproduce, distribute, or use any intellectual property without prior written consent from the respective owners.


Non-Custodial


Vitreus DAO’s approved and confirmed interaction portal is noted as vGovern, which is a non-custodial software application, in which you are the sole responsible for the custody of the cryptographic private keys to the digital asset wallets you hold to access and use our services.

These Terms do not create or impose any fiduciary duties on Vitreus DAO.

You acknowledge and agree that Vitreus DAO owes no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated.

You further agree that the only duties and obligations that Vitreus DAO owes you are those set out expressly in these Terms.


Privacy

While using the Vitreus DAO platform, Vitreus DAO may collect some personal data in order to provide our services, including your blockchain wallet address, completed transaction hashes and token IDs.

For more information please visit our Privacy Policy statement.


Modification of this Agreement

Vitreus DAO reserves the right, in its sole discretion, from time to time, without prior notice, to modify, suspend or disable, temporarily or permanently, the Vitreus DAO platform, in whole or in part, for any reason whatsoever, as a result of a security incident or a governance proposal.

All modifications will be effective when posted, and your continued access or use of Vitreus DAO will serve as confirmation of your acceptance of those modifications. If you do not agree with any modifications to this Agreement, you must immediately stop accessing and using Vitreus DAO. It is your responsibility to review them periodically.

Vitreus DAO will not be liable for any losses suffered resulting from any modification to Vitreus DAO or from any suspension or termination, for any reason, of your access to all or any services of Vitreus DAO.


Disclaimers


Vitreus DAO and the projects, protocols and tokens listed and deployed are provided on an 'as is' and 'as available' basis, without any warranties or guarantees of any kind.

Vitreus DAO does not endorse or provide participation or investment advice on any DAOs.

Participating in any event associated with projects, protocols and tokens distribution,deployment or sale promoted by any third party is solely at your own risk.

Vitreus DAO shall not be liable for any direct, indirect, incidental, consequential, or exemplary damages arising out of or in connection with your participation in Vitreus DAO or any projects, protocols and tokens within the scope of the Vitreus DAO platform and ecosystem.

Please read the Vitreus DAO disclaimer carefully.


Indemnification

You will defend, indemnify, and hold Vitreus DAO harmless, including the Vitreus DAO, its Affiliates, and its Affiliates' respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors (collectively, 'Indemnified Parties') from any claim, demand, lawsuit, action, proceeding, investigation, liability, damage, loss, cost or expense, including without limitation reasonable attorneys' fees, arising out of or relating to:

  • Your use of, or conduct in connection with, Vitreus DAO;
  • Vitreus Blockchain assets associated with your Vitreus Address;
  • Any feedback or user content you provide to Vitreus DAO if any;
  • Your violation of these Terms; or
  • Your infringement or misappropriation of the rights of any other person or entity.

If you are obliged to indemnify any Indemnified Party, we will have the right, in our sole discretion, to control any action or proceeding and to determine whether we wish to settle, and if so, on what terms.

To the maximum extent permitted under applicable law, the Indemnified Parties disclaim all warranties and conditions, whether express or implied, of merchantability, fitness for a particular purpose, or non-infringement and disclaim all responsibility and liability for:

  • Vitreus DAO is accurate, complete, current, reliable, uninterrupted, timely, secure, or error-free. Information (including, without limitation, the value or outcome of any transaction) available through Vitreus DAO is provided for general information only and should not be relied upon or used as the sole basis for making decisions. Any reliance on Vitreus DAO information is at your own risk;
  • You expressly acknowledge that the Indemnified Parties are not liable for loss or damage caused by another user's conduct, unauthorized actors, or any unauthorized access to or use of Vitreus DAO, including the DAOs, its users and promoters;
  • Viruses, worms, trojan horses, time bombs, cancelbots, spiders, malware or other types of malicious code that may be used to affect the functionality or operation of Vitreus DAO.


Limitation of Liability

Vitreus DAO shall, in no event, be liable for any incidental, direct or indirect, special, punitive, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, goodwill, profits or other business or financial benefit) arising out of or in connection with Vitreus DAO (and any of their content and functionality), any execution or settlement of a transaction, any performance or nonperformance of the Vitreus DAO platform, DAOs listed therein, or any Token distribution or sale, whether under contract, tort (including negligence), civil liability, statute, strict liability, breach of warranties, or under any other theory of liability, and whether or not we had been advised of, knew of or should have known of the possibility of such damages and notwithstanding any failure of the essential purpose of these Terms or any limited remedy hereunder.

This limitation of liability shall apply to the fullest extent permitted by law.


Release

You expressly agree that you assume all risks concerning your access to and use of Vitreus DAO. Additionally, you expressly waive and release us from any liability, claims, causes of action, or damages arising from or in any way relating to your access to and use of Vitreus DAO.

These Terms will survive any termination of your access to Vitreus DAO, regardless of the reasons for its expiration or termination, in addition to any other provision which by law or by its nature should survive.