xDollar disclaimer

‍Introduction

‍Please read this Disclaimer carefully before accessing, interacting with, or using the xDollar software/platform, consisting of the xDollar technology stack (in particular its smart contracts) as well as any other xDollar technology such as e.g., the launch kit for frontend operators (together the “xDollar Software/Platform”). 

This disclaimer relates to the use of the xDollar Software/Platform. The xDollar Software/Platform enables its users (“User”) to create interest-free liquidity in xUSD (a USD pegged stablecoin) by depositing assets towards autonomous smart contracts. The xUSD is stabilized by a liquidation mechanism and a Stability Pool which both are fully decentralized and smart contract based as well. For the use of the functions of the xDollar Software/Platform, the involved smart contracts automatically and autonomously deduct technical fees which can be claimed by the XDO holders (if any). Any and all functionalities of the xDollar Software/Platform are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.

No Relationship to xDollar team/ Usage of xDollar Software/Platform at Own Risk

While xDollar team developed the xDollar Software/Platform, the xDollar Software/Platform runs in a fully decentralized and autonomous manner. xDollar team is neither involved nor in any way responsible for the operation, running or functioning of the xDollar Software/Platform and/or any of the interactions, collaborations or factual relationships between Users and the smart contracts of the xDollar Software/Platform. xDollar team has neither access to nor any other possibility to control and/or influence the corresponding transactions, deposits and/or allocations made by the Users and the involved smart contracts using the xDollar Software/Platform. xDollar team does not operate an own frontend, nor has it entered in any relationship towards the frontend operators.

In particular, xDollar team has not and will not enter into any legal or factual relationship with any User of the xDollar Software/Platform. Consequently, xDollar Team IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE XDOLLAR SOFTWARE/PLATFORM (INCLUDING BUT NOT LIMITED TO LOSS OF ANY ASSETS SUCH AS MATIC, BNB, XUSD, OR XDO, NON-ALLOCATION OF TECHNICAL FEES TO XDO HOLDERS, LOSS OF DATA, BUSINESS INTERRUPTION, DATA BEING   RENDERED INACCURATE OR OTHER LOSSES SUSTAINED BY A USER OR THIRD PARTIESRELATED TO THE XDOLLAR SOFTWARE/PLATFORM AND/OR ANY ACTIVITY OF A FRONTEND OPERATOR OR A FAILURE OF THE XDOLLAR SOFTWARE TO OPERATE WITH ANYOTHER SOFTWARE).

The xDollar Software/Platform. has been developed and published under the GNU GPL v3 open-source license, which forms an integral part of this Disclaimer. 

As the xDollar Software is of experimental nature it may contain bugs, defects, or errors (including any bug, defect, or error relating to or resulting from the display, manipulation, processing, storage, transmission, or use of data) that may materially and adversely affect the use, functionality, or performance of the xDollar Software or any product or system containing or used in conjunction with the xDollar Software.

THE XDOLLAR SOFTWARE HAS BEEN PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.

THE xDollar SOFTWARE/PLATFORM IS HIGHLY EXPERIMENTAL AND ANY REAL MATIC AND/OR XUSD AND/OR XDO SENT, STAKED OR DEPOSITED TO THE XDOLLAR SOFTWARE/PLATFORM ARE AT RISK OF BEING LOST INDEFINITELY, WITHOUT ANY KIND OF CONSIDERATION.

There are no official frontend operators, and the use of any frontend is made by User at its own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the User and must be made carefully.

Further, as the xDollar Software/Platform is built on the Polygon network its proper functioning is depending on the Polygon network and any transaction including xUSD or XDO requires MATIC as gas.

‍Assumption of Risks of Cryptographic Token, Currencies and Systems

There are also general risks associated with purchasing, owning and using cryptographic Token (hereinafter “Token”) In order to access and make use of certain features of the xDollar Software, a User may need Token (e.g. Matic, xUSD and/or XDO). 

Token such as MATIC, xUSD and XDO are highly volatile due to many factors including but not limited to adoption, speculation, technology, and security risks. The cost of transacting on the Polygon network or related blockchain technologies is variable and may increase at any time causing impact to any activities taking place on the Polygon network. 

User is solely responsible for transacting and holding Token like MATIC, XUSD and/or XDO while accessing and/or interacting with the xDollar Software/Platform. 

Neither XUSD nor XDO do represent or constitute any ownership rights or stake, shares or security or equivalent rights nor any rights to receive future revenues or shares or any other form of participation or governance rights in or relating to any private individual or legal entity. In particular, both XUSD and XDO do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to any private individual or legal entity. 

User is responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism used to receive and hold MATIC, XUSD and XDO or any other Token, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If User’s private key(s) or other access credentials are lost, User may lose access to its Token. 

‍Risk of Regulatory Actions and Compliance with Laws‍

The xDollar Software could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit User’s ability to access or use the xDollar Software.

User is solely responsible for complying with applicable law when interacting (in particular, when using MATIC, xUSD. XDO or other Token) with the xDollar Software/Platform whatsoever.