📑Term of Use

Please read this disclaimer carefully before using phiat.io and/or any of its sub-domains (hereinafter referred to as the "Website").

By using the Website, you confirm that you accept this legal disclaimer and agree to comply with it. If you do not agree, you must not use the Website.

Restrictions on Participation

Please note that residents of United States, United Kingdom or OFAC-sanctioned areas are not expected to participate in token minting and using the DAPP. The laws and regulations surrounding digital assets in the United States are complex and constantly evolving. As such, we cannot guarantee the legality or compliance of minting this token for individuals residing within the United States. It is your responsibility to ensure that you are eligible to participate in the minting process. We have also conducted a crosschecking against OFAC sanction address list & some community maintained blacklist and have found none of our community addresses is included. We reserve the right to do this regularly on an ongoing basis.

Information Published Is Not Advice

The information provided on the Website does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the Website's content as such. Our team provides the Website as a service to the public, and is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the Website. While the information contained within the Website is periodically updated, no guarantee is given that the information provided in the Website is correct, complete, and up-to-date.

Usage Risks

The Website will not be responsible for any losses, damages, or claims arising from events falling within the scope of events like, but not limited to: mistakes made by the user (e.g., payments sent to wrong addresses), software problems of the Website or any related software or service (e.g., malware or unsafe cryptographic libraries), technical failures (e.g., hardware wallets malfunction), security problems experienced by the user (e.g., unauthorized access to wallets), actions or inactions of third parties (e.g., bankruptcy of service providers, information security attacks on service providers, and fraud conducted by third parties).

Compliance With Tax Obligations

The users of the Website are solely responsible to determinate what, if any, taxes apply to their cryptocurrency holdings. The owners of, or contributors to, the Website are NOT responsible for determining the taxes that apply to user transactions.

No Warranties

The Website is provided on an "as is" basis without any warranties of any kind regarding the Website and/or any content, data, materials and/or services provided on the Website.

The Website functionality is not guaranteed and could be disabled fully or in part without prior notice.

Security

Security audits don't eliminate risks completely. The Website is not guaranteed to be secure or free from bugs or viruses.

Limitation and Liability

Unless otherwise required by law, in no event shall the owners of, or contributors to, the Website be liable for any damages of any kind, including, but not limited to, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the Website.

Decentralization

The protocol and token contracts are fully decentralized on blockchain(s), and front-end sites are hosted on peer-to-peer IPFS network. The tokens supply are also exceedingly decentralized for both $PHIAT and $ePhhiat. No one is controlling protocol back-end, front-end or majority of any token supply. This project is founded on the principles of decentralization, transparency, and democratic decision-making. All significant decisions have been & will be voted upon by the community members since testnet version. The Phiat protocol is truly owned & governed by community

Phiat Team Responsibility

Finally, the Phiat team are early community members who are only responsible for software development & testing, but NOT any financial liability or legal responsibility for the protocol. The team will not be held liable for any issues that arise due to community members' actions or market actions. The protocol is immutable codes on blockchain and is not owned by anyone. The use of protocols and tokens in crypto are highly risky. The DeFi technology is still experimental and you should do your due diligence. If you choose to participate in any blockchain activities , you do so at your own risk.