Legal Disclaimer for $BITBARK
The digital asset known as $BITBARK ("the Token") is a cryptocurrency developed for entertainment purposes only and should not be considered an investment of any sort. The Token does not represent or confer any ownership rights, equity, or stake in any venture, corporation, or intellectual property, nor does it grant any right to receive future revenue shares or any form of participation or governance.
Acknowledgement of Risks
You expressly acknowledge and agree that:
- The Token holds no intrinsic value and there is no expectation of future gain or profit associated with the purchase, holding, or disposal of the Token.
- The Token is intended to be used solely as a medium for digital entertainment and may not be utilized for any other purpose.
- The acquisition of the Token is final and non-refundable.
- The cryptocurrency market is highly speculative, volatile, and may be illiquid. You are aware that you may lose the entire amount of your purchase.
- You are acquiring the Token voluntarily and at your own risk, fully aware of the absence of any guaranteed financial return.
- This Token is not intended for sale or use in jurisdictions where digital or memetic cryptocurrencies are prohibited or where the sale of non-regulated cryptocurrencies is subject to regulatory oversight and restrictions.
- If you purchase the Token on a decentralized exchange (DEX) or any other platform and incur any financial losses, the developers, advisors, and any affiliated parties, including the launch platform (pump.fun), shall not be held liable for such losses.
No Representations or Warranties
The developers, advisors, and any affiliated parties of the Token, including the launch platform (pump.fun), provide no guarantees or promises regarding the Token's performance or value. No information provided by, through, or associated with the Token or the launch platform shall be construed as advice or an invitation to enter into an agreement for any investment purpose.
Ownership and Selling Rights
The developers and advisors reserve the right to own a significant portion of the Token's total supply. They may sell their holdings at any time without prior notice or justification, and shall not be held liable for any impact on the Token's value or market performance resulting from such sales.
Limitation of Liability
Under no circumstances shall the developers, advisors, or the launch platform (pump.fun) be held liable for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected to the use, purchase, holding, or sale of the Token, including but not limited to loss of profits, loss of data, or any other intangible loss. This limitation of liability applies to the fullest extent permitted by law.
Indemnification
You agree to indemnify, defend, and hold harmless the developers, advisors, and the launch platform (pump.fun) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or in connection with your purchase, holding, use, or sale of the Token.
Intellectual Property
All content, designs, graphics, and other intellectual property related to the Token and its platform are the exclusive property of the developers. Unauthorized use, reproduction, or distribution of any content or intellectual property is strictly prohibited and may result in legal action.
User Responsibilities
As a user, you agree to comply with all applicable laws and regulations regarding the use of the Token. You are solely responsible for any tax obligations, reporting requirements, or other legal responsibilities arising from your use, purchase, holding, or sale of the Token.
Governing Law and Jurisdiction
This Legal Disclaimer shall be governed by and construed in accordance with the laws of the State of New York, United States. Any dispute arising out of or in connection with this disclaimer shall be resolved through arbitration in accordance with the rules of the American Arbitration Association (AAA).
Severability
If any provision of this Terms of Service is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions.
Modification of Terms
The developers reserve the right to modify or update these Terms of Service at any time without prior notice. Your continued use, purchase, holding, or sale of the Token following any changes to these Terms of Service constitutes your acceptance of those changes.
Privacy Policy
For more information on how we collect, use, and share your personal information, please refer to our Privacy Policy.
Acceptance
By purchasing, holding, or using the Token, you are signifying your understanding and acceptance of this Legal Disclaimer. If you do not agree with any part of this disclaimer, do not purchase, hold, or use the Token.