This Risk Disclaimer ("Disclaimer") applies to every person who accesses, holds, trades, stakes, mines, deposits, withdraws, or otherwise deals in MOL and CARO, the native digital tokens of the TIPMAS blockchain, or who uses the Herman Development Depository ("HDD"), TIPMAS MINES, or any related service. It applies equally to traders, clients, and merchants. By using the Platform you confirm that you have read, understood, and accepted this Disclaimer in full.
1. No Investment Advice and No Solicitation
Nothing on the Platform, in any dashboard, report, reward schedule, marketing material, or communication from us constitutes financial, investment, legal, accounting, or tax advice. No content should be relied upon as a recommendation to buy, sell, hold, stake, or trade MOL, CARO, or any other asset. We do not consider your personal circumstances, objectives, or financial position. You must obtain independent professional advice before acting.
MOL and CARO are not offered, marketed, or distributed to any person in any jurisdiction where such an offer would be unlawful. Nothing here is an offer to sell or a solicitation to buy securities, collective investment schemes, or regulated financial products in any territory.
2. Nature of MOL and CARO
- MOL and CARO are utility tokens used within the TIPMAS ecosystem. They are not legal tender, are not bank deposits, and are not insured by any deposit protection, deposit guarantee, or investor compensation scheme.
- They are not issued, endorsed, or guaranteed by any central bank, government, or monetary authority.
- They carry no promise of redemption at any particular price, in any particular currency, on any particular date, or at all.
- Holding a token does not confer equity, ownership, voting rights in any company, or any claim over the assets of HDD, Synapse IT, G-24Cs, or their affiliates.
3. Market and Volatility Risk
The value of digital assets is highly volatile and can fall as well as rise, including to zero. Prices may be affected by liquidity, trading volume, market sentiment, speculative activity, technological change, network congestion, counterparty failure, and events entirely outside our control. Historical performance, published reward percentages, and projected yields are not indicative of future results. You may lose some or all of the value of your holdings. Never commit funds you cannot afford to lose, and never borrow to acquire tokens.
4. Mining, Staking, and Reward Risk
- Mining and staking contracts lock your tokens for a fixed term. Locked tokens cannot be withdrawn before maturity except where early-exit conditions expressly apply.
- Advertised reward percentages are targets, not guarantees. Actual rewards depend on treasury performance, network conditions, and platform policy.
- Reward rates may be adjusted for future contracts at any time, and auto-compounding or auto-renewal settings may extend your exposure beyond the term you first selected.
- In a security incident, suspected fraud, insolvency risk, or regulatory requirement, we may activate an emergency pause on withdrawals, transfers, or all operations, and resuming requires multi-signature approval.
5. Compliance With the Laws and Orders of Every Jurisdiction
You are solely responsible for understanding and complying with all laws, statutes, regulations, decrees, executive orders, court orders, regulatory guidance, and licensing requirements that apply to you in your country of residence, citizenship, tax residence, and any other jurisdiction with authority over you. Digital asset rules differ widely and change frequently. Depending on your location, dealing in MOL or CARO may be restricted, regulated, or prohibited altogether.
- You must not use the Platform if you are located in, resident in, or a national of a jurisdiction subject to comprehensive sanctions, or if doing so would breach any applicable law or order.
- You must not use the Platform if you appear on any sanctions, terrorism, or watchlist, or act on behalf of such a person.
- You must comply with all applicable anti-money laundering, counter-terrorism financing, counter-proliferation financing, and know-your-customer obligations.
- You must comply with all applicable foreign exchange controls, capital controls, cross-border payment rules, and reporting obligations.
- We may screen transactions, freeze accounts, refuse or reverse activity, and report to competent authorities where we are required or permitted to do so.
6. Disclaimer for Traders
- P2P and market trades are executed between you and another user or merchant. We are not a party to the fiat leg of any trade and are not liable for a counterparty's failure to pay, delay, fraud, or dishonesty.
- You are responsible for verifying the identity, reputation, and legitimacy of your counterparty before releasing funds or crypto.
- Once crypto is released from escrow, transactions are final and irreversible. Chargebacks, reversals, and disputes raised after release may result in account restriction and referral to authorities.
- You are responsible for your own trading decisions, position sizing, and risk management. We do not guarantee liquidity, order execution, or price.
7. Disclaimer for Clients
- Balances shown in your account reflect platform records and treasury snapshots. They are not a bank deposit and are not covered by any statutory deposit insurance.
- Deposits and withdrawals in local currency depend on third-party rails, including mobile money operators, banks, card processors, and merchants. We are not liable for their downtime, delays, errors, or fees.
- You must keep your credentials, passkeys, two-factor codes, and devices secure. Losses arising from compromised credentials, phishing, or unauthorised access are your responsibility.
- You must only ever fund your account through official Platform channels. We are not responsible for transfers made to fraudulent or impersonating third parties.
8. Disclaimer for Merchants
- Merchants act as independent parties, not as our agents, employees, or representatives, and may not hold themselves out as such.
- Merchants are solely responsible for their own licensing, registration, tax compliance, record-keeping, and adherence to local financial, consumer protection, and payment regulations.
- Merchants must verify client identity as required by law, maintain accurate transaction records, and report suspicious activity as required.
- Merchant commissions, tiers, floats, and settlement terms are governed by the merchant agreement and may be adjusted in line with platform policy.
- We may suspend or terminate a merchant account for non-compliance, fraud, misconduct, or breach of platform rules.
9. Taxes
You are solely responsible for determining, declaring, and paying all taxes arising from your activity, including income tax, capital gains tax, withholding tax, value added tax, stamp duty, and any digital asset levy imposed by any authority with jurisdiction over you. We do not provide tax advice and may be legally required to report information about your account to tax authorities.
10. Technology, Custody, and Irreversibility Risk
- Blockchain transactions are irreversible. Tokens sent to a wrong address cannot be recovered.
- Networks, smart contracts, bridges, and integrations may contain bugs or be subject to attack, congestion, forks, or outages.
- Loss of your private keys, passkeys, or recovery credentials may result in permanent and unrecoverable loss of funds.
- Regulatory action, network failure, or third-party service termination may interrupt access to your account or delay settlement.
11. No Guarantees and Forward-Looking Statements
Any statements about future performance, growth, adoption, reward rates, or token value are forward-looking and inherently uncertain. Actual outcomes may differ materially. Nothing in this Disclaimer, the Platform, or any communication should be read as a guarantee, warranty, or assurance of any outcome.
12. Limitation of Liability
To the maximum extent permitted by applicable law, HDD, TIPMAS, Synapse IT, G-24Cs, and their respective directors, officers, employees, and affiliates shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including loss of profit, loss of data, loss of tokens, or loss of opportunity, arising from or connected to your use of the Platform or your dealings in MOL and CARO, even if advised of the possibility of such damages.
13. Severability and Governing Law
If any provision of this Disclaimer is held unenforceable, the remaining provisions continue in full force. This Disclaimer is governed by the laws of the Republic of Uganda, without prejudice to any mandatory consumer or regulatory protections available to you in your own jurisdiction. It should be read together with our Terms of Service and Privacy Policy.
14. Changes and Contact
We may update this Disclaimer at any time to reflect legal, regulatory, or operational changes. Material changes will be notified by email or in-app notice before they take effect. Continued use of the Platform after the effective date constitutes acceptance. For questions, please contact us.