TERMS OF SERVICE

Last Updated: 29 March 2025

SUMMARY

This summary provides a simplified overview of the key points in our Terms of Service. This summary does not replace the full Terms, and users are required to read and agree to the complete Terms of Service.

  • Platform Purpose: MetaDAO operates as a decentralized platform using futarchy governance where decisions are determined by markets rather than traditional voting.
  • User Eligibility: Users must be at least 18 years old, have legal capacity to enter contracts, and not reside in restricted jurisdictions or be subject to sanctions.
  • Key Risks: Cryptocurrency values are highly volatile; smart contracts may contain bugs; transactions are irreversible; no guarantees of profits or continuous service.
  • User Responsibilities: Maintain wallet security; conduct due diligence; comply with laws; report security issues.
  • Dispute Resolution: Issues resolved through community governance; legal disputes subject to arbitration; class action lawsuits waived.

IMPORTANT LEGAL NOTICE

THIS AGREEMENT CONTAINS DISCLAIMERS OF WARRANTIES, LIMITATIONS OF LIABILITY, RELEASES, CLASS-ACTION WAIVER, AND A MANDATORY DISPUTE RESOLUTION PROCEDURE FOR ANY AND ALL CLAIMS THAT MAY ARISE HEREUNDER AGAINST METADAO LLC, ITS AFFILIATES, MANAGERS, MEMBERS, SERVICE PROVIDERS, PARTNERS, ADVISORS, AND VENDORS (COLLECTIVELY, "COVERED PARTIES"), WHO ARE THE EXPRESS THIRD-PARTY BENEFICIARIES OF THE MANDATORY DISPUTE RESOLUTION PROCEDURE. THE AFOREMENTIONED PROVISIONS ARE AN ESSENTIAL BASIS OF THIS AGREEMENT.

1. ACCEPTANCE OF TERMS

By accessing or using MetaDAO's platform, services, smart contracts, or interfaces (collectively, the "Services"), you agree to be bound by these Terms of Use ("Terms"). If you do not agree to these Terms, do not use the Services.

You agree to the following Terms and Conditions in its entirety when you:

  • Access or use the Services
  • Access and/or view any of the:
    • Links to third-party resources and other information ("Third-Party Links") through the Website
    • Videos, audio, stories, text, photographs, graphics, artwork, information and/or any other content that may be featured on the Website (the "Website Content," and together with the Third-Party Links, the "Content")
    • Any of the Solana blockchain-based smart contracts, fungible cryptographic assets known as "SPL Tokens" or "governance tokens" or "utility tokens" featured on the Website (the "MetaDao")
    • Utilize the various registration forms, contact forms and/or contact information made available on the Website

2. DEFINITIONS

  • Platform: Refers to MetaDAO's decentralized protocols, smart contracts, and interfaces.
  • User: Refers to any individual or entity accessing or using the Services.
  • Protocol: Refers to the MetaDAO smart contract system.
  • Tokens: Refers to any digital assets used within the Platform.
  • Services: Refers to the aggregate of the definitions above.

3. LAUNCHPAD

Using the Protocol carries risk. Engaging in a Launchpad listing (“Launches”), by which users choose to commit funds into a pool and in return, if the threshold is met, receive tokens. The tokens acquired through Launches are purely speculative in nature. Platform users should exercise caution and conduct thorough research before investing.

Third party curation is not an indicator of project quality or token value. It is solely the users responsibility to investigate independently.

Launches may contain their own restrictions, terms and unique considerations. A user must review and accept individual third-party terms before taking any action.

METADAO HAS NO RESPONSIBILITY FOR THE RESULTS OF ANY TRANSACTION THAT OCCURS BETWEEN ANY PARTIES UTILIZING THE PLATFORM.

4. NOTICE

The platform exists solely to allow futarchy functionality. All outcomes are market based and MetaDAO cannot control or influence outcomes. With futarchy the markets resolve the governance mechanism. Any token available on the platform does not constitute any interest in or operational significance for MetaDAO or projects or individuals utilizing the platform.

If any utility exists, it is dictated through the programmatic instructions on chain via Solana Programs (Smart Contracts). By using the Website and the Services, you acknowledge and agree that tokens on MetaDAO should be traded solely as cryptographic assets intended to function as set forth above, and that you are acquiring the tokens on MetaDAO or via the Platform as an expression of support for, and engagement with, these ideals and beliefs and not as an investment opportunity, investment contract, or security of any type.

Please be aware that:

  • The value of the tokens on MetaDAO may be extremely volatile
  • You may experience substantial losses in connection with a sale or other disposition of said tokens
  • We make no promise or guarantee that the tokens on MetaDAO will increase in value or maintain the same value as the amount you paid to acquire the same
  • No information and/or Content made available by and through the Services is or should be considered advice or recommendation or an invitation to enter into any agreement for any investment purpose
  • No element of the Services qualifies or is intended to be an offering of securities in any jurisdiction

IT REMAINS THE USERS SOLE AND EXCLUSIVE RESPONSIBILITY TO ASSURE THAT THE USE OF THE PLATFORM AND THE USE OF CRYPTOCURRENCIES COMPLIES WITH LAWS AND REGULATIONS OF YOUR JURISDICTION AND ALL APPLICABLE JURISDICTIONS.

ALL TRANSACTIONS ON METADAO ARE FINAL AND NON-REFUNDABLE. We shall have no responsibility or liability for any tokens that are lost, misplaced, or inaccessible. The user is solely responsible for reporting and paying any taxes applicable to your use of the Services or the purchase or trade of tokens.

5. ELIGIBILITY

5.1 Age Requirements

  • All users must be at least 18 years of age or the age of majority in their jurisdiction, whichever is higher
  • Users may be required to provide age verification documentation upon request
  • Parents or legal guardians cannot create accounts on behalf of minors

5.2 Legal Capacity

  • Users must have the legal capacity to enter into binding contracts in their jurisdiction
  • Users must not be under any legal guardianship or conservatorship that would restrict their ability to enter agreements
  • Users must be able to understand and consent to all terms and conditions

5.3 Geographic Restrictions

  • Users must not be residents of restricted jurisdictions, including but not limited to:
    • Countries under comprehensive international sanctions
    • Regions where the service is prohibited by local laws or regulations
    • Areas where specific licenses or regulatory approvals are required
  • Users must notify us immediately if they relocate to a restricted jurisdiction

5.4 Sanctions and Export Controls

  • Users must not be listed on any sanctions lists or denied parties lists
  • Users must not be subject to economic or trade restrictions
  • Users must not be acting on behalf of any sanctioned individuals or entities
  • Users must comply with all applicable export control regulations

5.5 Verification Requirements

  • Users may be required to provide documentation to verify their eligibility
  • The company reserves the right to request additional verification at any time
  • False or misleading information regarding eligibility may result in immediate account termination

5.6 Ongoing Compliance

  • Users must maintain eligibility throughout the duration of service use
  • Users must promptly notify us of any changes affecting their eligibility status
  • Regular eligibility reviews may be conducted to ensure continued compliance

5.7 Account Restrictions

  • The company reserves the right to suspend or terminate accounts that fail to meet eligibility requirements
  • Access may be limited or denied if eligibility status cannot be verified
  • Users found to be ineligible will have their accounts terminated with immediate effect

6. RISKS AND DISCLAIMERS

6.1 Market and Investment Risks

  • Cryptocurrency values are subject to extreme price volatility and fluctuations
  • Past performance does not indicate future results
  • Market conditions can change rapidly and unpredictably
  • Users may experience substantial or complete loss of invested capital
  • Market liquidity may affect the ability to enter or exit positions
  • External events, including regulatory changes, may impact asset values

6.2 Technical and Smart Contract Risks

  • Smart contracts may contain undiscovered bugs, errors, or vulnerabilities
  • Security audits do not guarantee absence of flaws
  • Smart contract interactions are irreversible once confirmed
  • Code upgrades or modifications may introduce new risks
  • Technical failures could result in delayed or failed transactions
  • Third-party integrations may introduce additional vulnerabilities

6.3 Network and Infrastructure Risks

  • Network congestion may cause transaction delays
  • Network costs are variable and uncontrollable
  • Network forks or upgrades may impact functionality
  • Chain reorganizations could affect transaction finality
  • Network downtime or outages may prevent access
  • Cross-chain bridges and protocols carry additional risks

6.4 Platform and Operational Risks

  • Platform maintenance may temporarily affect service availability
  • Updates or upgrades could impact existing functionality
  • Integration with external services may experience disruptions
  • User interface errors could affect transaction execution
  • Data display issues may occur during high traffic periods
  • Emergency protocols may be activated without notice

6.5 Regulatory and Compliance Risks

  • Regulatory changes may affect platform operation
  • New regulations could restrict certain features or services
  • Compliance requirements may change without notice
  • Legal status of assets may be subject to change
  • Tax implications are the user's responsibility
  • Regulatory actions could impact asset values

6.6 Limited Recourse and Liability

  • Platform provides no guarantee of profits or returns
  • Users are solely responsible for their investment decisions
  • No compensation for losses due to market conditions
  • Platform not liable for third-party service failures
  • No guarantee of continuous or uninterrupted service
  • Users assume all risks of cryptocurrency transactions

6.7 Security and Account Risks

  • Users are responsible for securing their private keys
  • Lost or compromised credentials may result in total loss
  • Phishing and social engineering risks exist
  • Hardware wallet malfunctions could affect access
  • Backup procedures are the user's responsibility
  • Two-factor authentication bypass attempts are possible

6.8 Protocol and Governance Risks

  • Protocol upgrades may change fundamental operations
  • Governance decisions could affect user positions
  • Token economics may be modified
  • Protocol parameters could be adjusted
  • Emergency shutdown procedures may be initiated
  • Governance attacks could compromise protocols

6.9 Financial Risks

  • No deposit insurance or investor protection schemes
  • No central authority for dispute resolution
  • Counterparty risks in certain transactions
  • Market manipulation may occur
  • Flash loan attacks could affect protocols
  • Oracle failures may impact pricing

6.10 User Responsibilities

  • Due diligence on all investments required
  • Understanding of technical operations necessary
  • Regular monitoring of positions recommended
  • Backup of critical information required
  • Compliance with local regulations is mandatory
  • Immediate reporting of security concerns is mandatory

7. USER RESPONSIBILITIES

Users must:

  • Maintain security of their private keys and wallets
  • Conduct due diligence before transactions
  • Comply with applicable laws and regulations
  • Immediately report security vulnerabilities responsibly
  • Not engage in market manipulation or fraudulent activity

8. PROTOCOL GOVERNANCE

The Protocol operates under a futarchy governance model, a market-driven approach where decisions are determined by markets rather than traditional voting mechanisms. This governance structure eliminates traditional voting in favor of market-based decision mechanisms, aligning participant incentives with Protocol success through direct price discovery.

9. INTELLECTUAL PROPERTY

  • Open-source components are subject to respective licenses
  • Platform interfaces are protected by applicable IP laws
  • Users retain rights to their own content
  • Community contributions may be incorporated into the Protocol

10. PROHIBITED ACTIVITIES

10.1 Security Circumvention Prohibition

Unauthorized Access Methods

Users are expressly forbidden from employing techniques designed to bypass security mechanisms, including but not limited to:

  • Exploiting software vulnerabilities
  • Utilization of automated tools to probe for weaknesses
  • Attempting to reverse-engineer security components
  • Creating or distributing tools intended to compromise protocol security

Authentication Integrity

  • Users must maintain the confidentiality of their access credentials
  • Users must not attempt to falsify identity information

Reporting Requirements

  • Users discovering security vulnerabilities must disclose them through proper channels rather than exploiting them

Boundary Testing

  • Even security research must be conducted within approved sandboxed environments

10.2 Prohibition of Illegal Activities

Compliance Obligation

  • All protocol interactions must comply with applicable local, national, and international laws

Prohibited Transactions

The services must not be used to facilitate:

  • Money laundering or terrorist financing
  • Transactions involving sanctioned entities or jurisdictions
  • Sale of illegal goods or services
  • Tax evasion or financial fraud

Content Restrictions

  • Users may not transmit, store, or process illegal content through the protocol

Regulatory Adherence

  • Users must comply with relevant financial regulations, data protection laws, and sector-specific requirements

10.3 Non-Interference Principle

Service Availability

Users shall not engage in actions that degrade service quality for others, including:

  • Launching denial-of-service attacks
  • Network flooding or transaction spamming
  • Resource monopolization through excessive requests
  • Deliberate creation of network congestion

Fair Resource Allocation

  • Users must respect resource limitations and not attempt to claim disproportionate system resources

Community Consideration

  • Technical implementations should consider impact on the broader ecosystem

10.4 Smart Contract Safety Requirements

Malicious Code Prohibition

Users must not deploy smart contracts containing:

  • Backdoors or hidden functions
  • Deliberately misleading functionality
  • Code designed to exploit other contracts
  • Functions that could compromise protocol stability

Responsible Deployment

  • Users must monitor their deployed contracts and respond promptly to discovered vulnerabilities

10.5 Governance Integrity Protection

Parameter Manipulation

Protocol parameters must only be modified through established governance mechanisms, not through:

  • Direct database manipulation
  • Exploitation of administrative interfaces
  • Social engineering of protocol administrators
  • Collusion to artificially influence outcomes

Governance Participation

  • Users participating in governance must act in good faith

Proposal Standards

  • Governance proposals must accurately represent their intended effects

Implementation Respect

  • Users must honor the outcomes of legitimate governance processes

11. LIMITATIONS OF LIABILITY

ALL PROTOCOL SERVICES, FEATURES, AND FUNCTIONALITIES ARE PROVIDED STRICTLY ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY REPRESENTATIONS OR GUARANTEES. THE PROTOCOL MAKES NO CLAIMS REGARDING UPTIME, SPEED, OR OPERATIONAL EFFICIENCY. USERS ACCEPT THAT THE PROTOCOL MAY UNDERGO CHANGES, UPDATES, OR MODIFICATIONS WITHOUT PRIOR NOTICE. THE PROTOCOL ACKNOWLEDGES INHERENT TECHNOLOGICAL CONSTRAINTS AND MAKES NO PROMISES TO OVERCOME THEM. WHILE DOCUMENTATION AIMS TO BE ACCURATE, IT CARRIES NO GUARANTEE OF COMPLETENESS OR PRECISION.

11.1 Warranty Exclusions

No explicit assurances are provided regarding protocol functionality, security, or suitability for specific purposes. All implied warranties are expressly disclaimed, including but not limited to:

  • Merchantability
  • Fitness for particular purposes
  • Non-infringement of third-party rights
  • Data accuracy or system integration capabilities
  • Regulatory Compliance: No warranty that the Protocol meets specific regulatory or compliance requirements in any jurisdiction
  • Future Performance: No guarantees regarding future protocol development, maintenance, or improvement

11.2 Financial Loss Provisions

  • Users bear full responsibility for investment decisions and resulting financial outcomes
  • The Protocol accepts no responsibility for losses arising from market fluctuations or cryptocurrency volatility
  • Once executed on the blockchain, transactions cannot be reversed by the Protocol
  • Users assume all risks associated with smart contract execution, including unintended consequences
  • No liability for increased transaction costs due to network congestion

11.3 Third-Party Relationships

  • Third-party services, applications, or contracts are not under Protocol control
  • MetaDAO does not guarantee the security, reliability, or accuracy of integrated third-party components
  • The Protocol assumes no responsibility for content accessed through external links
  • MetaDAO assumes no liability for consequences resulting from oracle data inaccuracies or delays
  • The Protocol bears no responsibility for the actions of independent validators or node operators

11.4 Liability Cap

  • The total financial liability is at the amount paid by the user for services for the previous 12 months
  • For services provided without charge, liability is limited to the nominal amount permitted by law or fifty dollars ($50.00) whichever is less
  • MetaDAO is not liable for indirect damages, consequential losses, lost profits, reputational harm, or punitive damages as a result of any use of the Protocol

11.5 Claim Timeline

  • All claims must be submitted within 180 days of occurrence

11.6 Jurisdictional Adaptations

  • Mandatory local laws may modify these limitations in certain jurisdictions

11.7 Force Majeure

The Protocol explicitly exempts itself from any liability for failures, disruptions, or damages that result from circumstances genuinely beyond reasonable control or anticipation. This force majeure provision specifically recognizes several categories of extraordinary events that qualify for this exemption. These include:

  • Natural disasters such as earthquakes, floods, hurricanes, or other severe weather events
  • Power outages affecting data centers or critical infrastructure
  • Internet backbone disruptions that impair global connectivity
  • Regulatory actions including emergency government orders or sudden legal changes
  • Cybersecurity incidents such as distributed denial-of-service attacks or zero-day exploits, regardless of their source or target

While the Protocol will make reasonable efforts to maintain service during such events and to restore functionality promptly afterwards, users acknowledge that these circumstances may temporarily or permanently affect access, functionality, or data integrity without creating liability for the Protocol or its operators.

Notification and Mitigation Procedures

MetaDAO will use every reasonable effort in notifying users of force majeure events and in addressing and resolving force majeure situations.

12. PRIVACY AND DATA

  • Public blockchain data is collected
  • User submitted information for the use of the Protocol and Services is collected
  • No personal information is required for basic use
  • Wallet addresses are publicly visible
  • Third-party interfaces may collect additional data

13. MODIFICATIONS

  • Terms may be updated with notice
  • Protocol upgrades are implemented through the governance mechanism
  • Users are responsible for reviewing changes
  • Use constitutes acceptance

14. TERMINATION

14.1 User-Initiated Termination

Voluntary Cessation

  • Users retain the unconditional right to discontinue use of the protocol at any time without prior notice

14.2 Protocol-Based Restrictions

Violation Categories

Detailed classification of violations that may trigger access restrictions:

  • Security threats (malicious attacks, exploitation attempts)
  • Fraudulent activities
  • Violation of community standards
  • Attempts to circumvent protocol safeguards

Graduated Response System

Escalating restrictions based on severity and frequency of violations:

  • Warning notifications for minor infractions
  • Temporary suspensions for repeated violations
  • Permanent restrictions for severe breaches

14.3 Smart Contract Continuity

Operational Persistence

  • Smart contracts remain functional on the blockchain regardless of individual user termination

Immutability Guarantee

  • Contract terms and conditions cannot be altered retroactively

14.4 Fund Accessibility

Blockchain-Based Asset Security

  • User funds remain accessible through the underlying blockchain infrastructure

Direct Withdrawal Rights

  • Users maintain the ability to withdraw assets regardless of account status

15. CLASS ACTION WAIVER

To the extent permitted by law, you agree that you will not bring, join or participate in any class action lawsuit as to any claim, dispute or controversy that you may have against any of the Covered Parties. You agree to the entry of injunctive relief to stop such a lawsuit or to remove you as a participant in the suit. You agree to pay the attorney's fees and court costs that any Covered Party incurs in seeking such relief.

This provision prevents you from bringing, joining or participating in class action lawsuits:

  • Does not constitute a waiver of any of your rights or remedies to pursue a claim individually and not as a class action in binding arbitration as provided below
  • Is an independent agreement

You may opt-out of these dispute resolution provisions by providing written notice of your decision within thirty (30) days of the date that you first access the Services.

FOR PURPOSES OF ANY COURT PROCEEDINGS, YOU AGREE THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE, AND NOT A JURY, AND YOU HEREBY WAIVE ANY RIGHT TO A TRIAL BEFORE A JURY. THE UNITED NATIONS CONVENTION ON THE INTERNATIONAL SALE OF GOODS IS EXPRESSLY EXCLUDED AND SHALL NOT APPLY TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

16. DISPUTE RESOLUTION

Issues are resolved through community governance. Technical disputes are handled by protocol logic. Legal disputes are subject to the applicable jurisdiction.

16.1 Comprehensive Dispute Resolution Framework

The dispute resolution framework encompasses multiple layers designed to handle various types of conflicts effectively:

Community Governance

  • Decision-making Process: Disputes are initially addressed through futarchy proposal mechanisms
  • Tiered Approach: Minor disputes may be resolved through community forums, while significant issues escalate to formal governance

Technical Dispute Resolution

  • Protocol-Level Automation: Smart contracts and protocol logic serve as the first line of defense, automatically resolving technical conflicts based on predefined rules
  • Technical Arbitration Panel: For complex technical disputes, specialized experts evaluate evidence and determine technical solutions

Legal Framework

  • Jurisdictional Considerations: Legal disputes fall under the jurisdiction where applicable laws apply, recognizing the borderless nature of digital interactions

16.2 Arbitration Procedures

  • Resolution Method: Arbitration is the recommended approach for resolving disputes that cannot be handled through community governance or protocol logic
  • Arbitrator Selection: Neutral third-party arbitrators with relevant expertise are chosen through a transparent process of agreement by both parties or a disinterested 3rd party

17. COMPLIANCE

Users must adhere to a comprehensive framework of legal and regulatory requirements when engaging with the Protocol. This includes:

  • Strict compliance with all applicable laws and regulations in their jurisdiction of residence or operation, as well as any jurisdictions affected by their transactions
  • Following established anti-money laundering requirements, including proper identity verification procedures and suspicious activity reporting where mandated by law
  • Ensuring activities do not violate securities regulations, which may classify certain digital assets or protocol interactions as regulated investment activities subject to specific disclosure and registration requirements
  • Meeting all tax reporting obligations related to protocol transactions, including proper documentation of capital gains, losses, income, and other taxable events as defined by relevant tax authorities in their jurisdiction

18. CONTACT

To contact MetaDAO you can: