Terms of use & Disclaimer
Terms of use & Disclaimer
Roosted
Roosted
1. Project Ownership and Structure
1. Project Ownership and Structure
2. Decentralized Governance and Risk Acknowledgment
2. Decentralized Governance and Risk Acknowledgment
By adopting this decentralized governance model, the Roost project has eliminated the risk of any single person having full control over the project or its funds. This structure minimizes the possibility of a single individual accessing or stealing project funds, as multiple parties must approve any transactions involving the project’s assets.
However, users should be aware of certain risks inherent in this model:
Funds Accessibility Risk: If key multisignature holders become inactive or unavailable, there is a potential risk that the project’s funds, liquidity, and assets could become inaccessible or “stuck” indefinitely.
By using Roost services and interacting with the project, you acknowledge these risks and agree that the decentralized structure, while aimed at promoting transparency and security, carries certain limitations in terms of fund management.
3. MUXE BV/SafeSwap Role and Disclaimer
3. MUXE BV/SafeSwap Role and Disclaimer
MUXE BV/SafeSwap serves as an external service provider to the Roost project and the Community Take Over team. MUXE BV is responsible for the development and maintenance of the platform, including the utilities offered by the Roost ecosystem. Additionally, MUXE BV provides assistance by drafting business documents and offering advisory services related to platform operations and strategy, based on input from the CTO.
It is important to clarify that:
- MUXE BV/SafeSwap does not hold any ownership or control over the Roost project.
- MUXE BV’s role is purely advisory and supportive, helping the CTO navigate certain business and technical decisions.
- MUXE BV is not responsible for any decisions, actions, or mistakes made by the CTO. Any decisions made by the Community Take Over, including the management of funds and liquidity, are solely the responsibility of the CTO.
By interacting with the Roost platform, you acknowledge and agree that MUXE BV/SafeSwap cannot be held liable for any operational, financial, or governance-related decisions made by the Community Take Over or its members.
4. User Responsibilities
4. User Responsibilities
Users of the Roost platform are expected to:
- Understand the decentralized nature of the project and the risks associated with multisignature governance.
- Accept that neither MUXE BV nor SafeSwap holds responsibility for project outcomes, token management, or liquidity issues resulting from the decisions of the CTO.
- Use the platform in accordance with any applicable laws and regulations related to decentralized finance (DeFi) and blockchain technology.
5. Amendments and Updates
5. Amendments and Updates
The Roost project’s Terms of Use may be updated from time to time to reflect changes in the project’s governance, legal landscape, or platform functionalities. Users are encouraged to regularly review this document to stay informed of any updates or modifications.
