Terms of Service

Last updated: 9 August 2026

Summary

This summary is a plain-language overview. It does not replace the full Terms below, which you are required to read and accept.

• What Backable is. Backable is a product of MetaDAO LLC ("MetaDAO", "we", "us", "our"). It is a permissionless interface to fundraising and governance programs deployed on Solana. Anyone can create a raise. Nobody vets the teams.
• What we do not do. We do not custody your funds, diligence founders, endorse raises, guarantee outcomes, or reverse transactions. Money committed to a raise is held by onchain programs, not by us.
• Eligibility. You must be at least 18, have legal capacity to contract, and must not be a Restricted Person or located in a Restricted Jurisdiction.
• Refunds are claimed, not sent. If a raise misses its goal, or if you commit more than converts into tokens, that money remains yours and is released by the program when you send a claim transaction. Nobody can approve, delay or refuse a claim, and nothing arrives in your wallet until you ask for it.
• Risk. Digital assets are volatile, smart contracts can contain bugs, transactions are irreversible, and tokens sold through a raise may end up worthless. Never commit more than you can afford to lose.
• Disputes. Protocol-level matters resolve through futarchy governance. Legal disputes are subject to individual arbitration; class actions are waived.

Important legal notice

THESE TERMS CONTAIN DISCLAIMERS OF WARRANTIES, LIMITATIONS OF LIABILITY, RELEASES, A CLASS-ACTION WAIVER, AND A MANDATORY DISPUTE RESOLUTION PROCEDURE FOR ANY AND ALL CLAIMS THAT MAY ARISE HEREUNDER AGAINST METADAO LLC, ITS AFFILIATES, AND EACH OF THEIR RESPECTIVE SHAREHOLDERS, LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, CONTRACTORS, OFFICERS AND DIRECTORS (COLLECTIVELY, THE "COVERED PARTIES"), WHO ARE EXPRESS THIRD-PARTY BENEFICIARIES OF THE MANDATORY DISPUTE RESOLUTION PROCEDURE, INDEMNITY, HOLD HARMLESS CLAUSES AND LIMITATION ON LIABILITY SECTIONS HEREUNDER. THE AFOREMENTIONED PROVISIONS ARE AN ESSENTIAL BASIS OF THIS AGREEMENT.

1. Acceptance of terms

By accessing or using the Platform or any other of our Services, you agree to be bound by these Terms of Service (the "Terms"), together with any documents they expressly incorporate by reference, including our Privacy Policy. If you do not agree to these Terms, do not use the Services.

You agree to these Terms in their entirety when you:

• Access or use the Services, including when you connect your digital wallet.
• Access or view any links to third-party resources ("Third-Party Links"), any content featured on the Services, or any of the blockchain-based smart contracts or tokens featured on the Services.
• Use any registration form, contact form, or contact information made available on the Services.

Restricted persons and jurisdictions

THE SERVICES WERE NOT DEVELOPED FOR, AND ARE NOT OFFERED TO, PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE OR PRINCIPAL PLACE OF BUSINESS IN THE UNITED STATES OR ANY RESTRICTED JURISDICTION OR COUNTRY SUBJECT TO ANY SANCTIONS OR RESTRICTIONS PURSUANT TO ANY APPLICABLE LAW, INCLUDING THE CRIMEA REGION, CUBA, IRAN, NORTH KOREA, SYRIA, RUSSIA, OR ANY OTHER COUNTRY TO WHICH THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN UNION OR ANY OTHER JURISDICTION EMBARGOES GOODS OR IMPOSES SIMILAR SANCTIONS, OR ANY JURISDICTION IN WHICH TRANSACTING IN CRYPTOCURRENCIES IS PROHIBITED OR RESTRICTED IN ANY FORM OR MANNER (COLLECTIVELY, THE "RESTRICTED JURISDICTIONS"), OR ANY PERSON OWNED, CONTROLLED, LOCATED IN OR ORGANIZED UNDER THE LAWS OF ANY RESTRICTED JURISDICTION OR AFFILIATED WITH ANY SUCH PERSON, ANY PERSON LISTED ON ANY SANCTIONS LIST MAINTAINED BY THE UNITED STATES, THE UNITED KINGDOM, THE EUROPEAN UNION OR ANY OTHER JURISDICTION, OR A RESIDENT OF OR LOCATED IN ANY COUNTRY OR JURISDICTION THAT RESTRICTS ACCESS TO OR PROHIBITS USE OF DIGITAL ASSETS (COLLECTIVELY, "RESTRICTED PERSONS").

THERE ARE NO EXCEPTIONS. IF YOU ARE A RESTRICTED PERSON OR LOCATED IN A RESTRICTED JURISDICTION, DO NOT USE OR ATTEMPT TO USE THE SERVICES. USE OF ANY TECHNOLOGY OR MECHANISM, SUCH AS A VIRTUAL PRIVATE NETWORK, TO CIRCUMVENT OR ATTEMPT TO CIRCUMVENT THESE RESTRICTIONS IS STRICTLY PROHIBITED.

BY USING THE SERVICES, YOU REPRESENT THAT (I) YOU ARE NOT A RESTRICTED PERSON; AND (II) YOU WILL NOT COORDINATE, CONDUCT OR CONTROL YOUR USE OF THE SERVICES FROM WITHIN ANY RESTRICTED JURISDICTION.

YOU ACKNOWLEDGE AND AGREE THAT YOU ARE NOT PERMITTED TO MODIFY, DISASSEMBLE, DECOMPILE, ADAPT, ALTER, TRANSLATE, REVERSE ENGINEER OR CREATE DERIVATIVE WORKS OF THE SERVICES TO MAKE THEM AVAILABLE TO ANY RESTRICTED PERSON OR IN ANY RESTRICTED JURISDICTION.

NEITHER METADAO NOR OUR AFFILIATES OR SERVICE PROVIDERS ARE RESPONSIBLE FOR ANY ACTIVITIES YOU ENGAGE IN WHEN USING ANY ONLINE SERVICES OR BLOCKCHAIN TECHNOLOGIES NOT PROVIDED BY US.

2. Definitions

• Platform: the decentralized programs, smart contracts, and interfaces made available through Backable.
• User (or you): any individual or entity accessing or using the Services. If you engage with the Services on another party's behalf, "User" refers to that party, and you are responsible for the acts and omissions of anyone using the Services on your behalf as if they were your own.
• Protocol: the decentralized smart contract system the Platform interacts with, including the MetaDAO launchpad and futarchy governance programs.
• Raise: a fundraising event initiated by a Founder through the Platform. Elsewhere in MetaDAO documentation and in the underlying programs this is called a "launch"; the two mean the same thing.
• Founder: a User who initiates a Raise.
• Backer: a User who commits funds to a Raise.
• Tokens: any digital assets used within the Platform.
• Services: all services, content and features available on the Platform or our website.

3. Eligibility

3.1 Age requirements

All Users must be at least eighteen (18) years old or the age of majority in their jurisdiction, whichever is higher. By accessing or using the Services, you represent and warrant that you satisfy this requirement, that you are legally capable of entering into a binding agreement with MetaDAO, and that you have the requisite knowledge and experience to use digital assets and engage with the Services. Parents or legal guardians may not use the Services on behalf of minors. We may request verification at any time, and providing false or misleading eligibility information may result in immediate termination of access.

You must maintain eligibility at all times while using the Services and promptly notify us of any change that may affect it.

3.2 Knowledgeable use only

The Services are intended only for Users who possess sufficient knowledge, experience and understanding of digital assets, blockchain technology, and the risks associated with their use. By using the Services you represent that you understand and can evaluate the technical, financial and legal risks involved, including: the risk of total loss of funds or Tokens; the fact that Tokens are not legal tender and are not backed by any government; the absence of investor-compensation or deposit-protection schemes; operational risks of blockchain networks and smart contracts, including bugs, forks, vulnerabilities, delays and outages; cybersecurity risks such as hacking, malware, denial-of-service attacks, Sybil attacks or spoofing; and the possibility that information made available through the Services is incomplete, inaccurate, outdated or interrupted.

Users who do not have sufficient understanding of these risks must not use the Services.

4. Raises

The Platform allows a Founder to initiate a Raise by deploying smart contracts. Only a Solana account holder can initiate a Raise. This functionality enables Founders to obtain commitments programmatically, receive funds, issue Tokens, and create liquidity.

4.1 How a Raise works

When a Founder creates a Raise, they publish, before it opens, a fixed set of parameters that the programs then enforce:

• A raise goal between US$10,000 and US$2,000,000, denominated in USDC. The goal is a ceiling as well as a target: the project receives the goal amount and no more, however much is committed.
• A fundraising window between one (1) hour and seven (7) days.
• A monthly budget — the amount the project may draw from its treasury each month without a governance proposal. The programs cap this at one sixth (1/6) of the raise goal, so a funded raise always carries at least six months of budget.
• A performance package of up to 12,900,000 Tokens allocated to the Founder, locked for a minimum of eighteen (18) months and unlocking only in tranches as a time-weighted average price holds at multiples of the price Backers paid.

Backers may commit funds during the window. Allocations are weighted by how long each commitment remained in escrow, so every Backer pays the same price per Token but earlier commitments convert at a larger share.

At close, the programs value Tokens on the basis of a 10,000,000 Token issuance, allocate eighty percent (80%) of the raised amount to the project treasury, mint a further 2,000,000 Tokens to create a liquidity pool using the remaining twenty percent (20%), and issue a further 900,000 Tokens to create an additional single-sided liquidity pool. If the Founder elected a performance package, additional Tokens are issued to the Founder's performance contract.

Each Raise may carry its own additional restrictions, terms, and requirements published by the Founder. You must review, understand and accept them before participating.

4.2 Refunds are claimed by you, not sent to you

If a Raise closes below its goal, or if you commit more than converts into Tokens in an oversubscribed Raise, the unconverted amount remains yours. It does not return to your wallet on its own. The escrow program releases it when you send a claim transaction from the wallet that committed it.

Nobody — not the Founder, not MetaDAO, not any support process — can approve, condition, delay or refuse that claim, and there is no deadline by which you must make it. Equally, no one can make it for you. The same is true of Token allocations from a funded Raise: they are claimed, not delivered.

Once a Raise has opened, its parameters are locked. Neither the Founder, the Backer nor MetaDAO can modify the goal, the window, the budget cap, the allocation logic, or the settlement of a Raise after the fundraising period has started.

4.3 Nature of the Tokens

Tokens issued pursuant to a Raise may be purely speculative. You acknowledge that they may have limited or no utility and may never possess liquidity or market value. They do not represent ownership, equity, profit-sharing, governance rights or other entitlements from MetaDAO, and do not necessarily represent any such rights in the Founder, the Raise, or any other entity.

IT IS YOUR EXCLUSIVE RESPONSIBILITY TO ENSURE THAT YOUR USE OF THE PLATFORM AND ANY DIGITAL ASSETS COMPLIES WITH ALL APPLICABLE LAWS AND REGULATIONS IN YOUR JURISDICTION AND ANY JURISDICTION AFFECTED BY YOUR ACTIVITIES.

Token values may fluctuate significantly and may become worthless. MetaDAO makes no representation, warranty or guarantee regarding the present or future value, availability or tradability of any Raise or any Token, does not control secondary markets, and does not guarantee that such markets will exist.

Gas fees, network fees and charges imposed by third-party service providers may apply, may be unpredictable, and may not be disclosed to you in advance. You specifically accept this risk.

Curation, visibility, ordering or presentation of Raises or Tokens on the Platform is not an indicator of quality, reliability or legitimacy. You are solely responsible for your own investigation and due diligence.

Other than the claims described in section 4.2, which are executed by the programs and not by us, all transactions involving the Services are final and irreversible. MetaDAO has no ability to modify, reverse or restore onchain transactions.

4.4 No verification and no endorsement

Backable is permissionless. Anyone who pays the creation fee can publish a Raise, and no application, review or approval stands between a Founder and the Platform.

MetaDAO may, at its discretion but with no obligation, review information about a project. Any such review is limited, good-faith, and based solely on available information. It does not constitute an endorsement, guarantee, or due diligence review. MetaDAO is not responsible for errors, omissions or inaccuracies in a Raise, whether introduced by the Founder or by third parties.

Founders use the Protocol solely as decentralized infrastructure. MetaDAO's role is limited to providing technical tools that enable trustless contributions and programmatic Token distribution. MetaDAO does not sponsor, endorse or promote any Raise.

METADAO EXPRESSLY DISCLAIMS ANY RESPONSIBILITY FOR THE ACCURACY, COMPLETENESS OR LEGITIMACY OF ANY STATEMENT, REPRESENTATION OR PROJECTION MADE BY ANY FOUNDER. PARTICIPATION IN ANY RAISE IS AT YOUR SOLE RISK.

4.5 Legal entity formation

A Founder may elect to form a legal entity in connection with a Raise through a third-party provider. That provider contracts with the Founder directly, under its own terms, and is not a law firm and does not act as anyone's legal counsel. MetaDAO is not a party to that relationship, does not provide legal advice, and is not responsible for the formation, standing, governance or conduct of any entity so formed. Founders should obtain their own legal and tax advice.

5. Protocol

The Protocol is decentralized and functions through onchain programs deployed on a third-party blockchain (Solana). It implements futarchy-based governance, meaning outcomes are determined by market-based mechanisms rather than by MetaDAO, by a Founder, or by traditional voting. MetaDAO cannot control, modify or influence the outcome of any Raise.

Tokens available through the Services do not provide any ownership interest, profit right or governance authority in MetaDAO. Any utility associated with a Token arises solely from the Protocol's smart contracts. Tokens should be treated exclusively as cryptographic assets, and not as investment products, opportunities, or securities of any type.

Your participation in, or reliance on, any outcome generated by this governance model is at your sole risk. The Protocol, its developers and its contributors make no representation or warranty regarding the accuracy, reliability, stability or results of any market-driven governance decision, forecast or parameter adjustment.

Nothing in your use of the Services constitutes financial, legal or investment advice.

5.1 Governance integrity and conduct requirements

Protocol parameters may only be modified through legitimate, established governance mechanisms governed by smart contracts. You shall not, and shall not attempt to:

• Engage in direct database or state manipulation.
• Exploit administrative interfaces, privileged access, or operational tools.
• Engage in social engineering targeting protocol administrators, developers, or governance participants.
• Collude or coordinate to artificially influence market outcomes, governance signals, or decision-making mechanisms.

Users who participate in governance must act in good faith and in accordance with the Protocol's published rules. Governance proposals must accurately represent their intended effects, operational implications and expected outcomes; you agree not to submit proposals that are misleading, incomplete, deceptive, or designed to obscure material impacts or manipulate outcomes.

Legitimate governance decisions, once finalized under the futarchy mechanism, are binding within the scope of the Protocol, regardless of whether you supported or opposed them.

5.2 Additional governance disclaimers

• Governance decisions, market signals and resulting parameter changes may materially affect your positions, digital assets, incentives, or participation in a Raise.
• Governance mechanisms may be subject to manipulation attempts, governance attacks, economic exploits, or adversarial behaviour, including market manipulation, oracle corruption, collusion, or coordinated influence campaigns.
• Protocol upgrades, governance outcomes or parameter updates may alter functionality, economics or operations without prior notice.
• Emergency governance processes may be activated at any time and may override or modify previously adopted parameters.
• You are solely responsible for monitoring governance activity and assessing the risks of your participation.

THE PROTOCOL, ITS DEVELOPERS AND ITS CONTRIBUTORS DISCLAIM ALL LIABILITY FOR ANY DAMAGES, LOSSES OR IMPACTS ARISING OUT OF GOVERNANCE PROCESSES, GOVERNANCE OUTCOMES, OR CHANGES TO PROTOCOL PARAMETERS, WHETHER RESULTING FROM LEGITIMATE GOVERNANCE ACTIVITY OR ATTEMPTED MANIPULATION BY THIRD PARTIES.

6. Fees

Certain features of the Services may be subject to fees, commissions, spreads or other charges (collectively, "Fees").

Creating a Raise costs 0.5 SOL, payable at the point a draft is submitted. That fee is non-refundable, including where the Raise subsequently fails to meet its goal, is never opened, or is withdrawn. We may also earn Fees from trading activity, Token transactions, or other usage on or through the Services.

By using any feature of the Services that incurs Fees, you agree that MetaDAO may charge your connected wallet or other authorized mechanism for all applicable Fees, including gas fees, network charges and third-party processing fees.

Certain Fees may be unpredictable or difficult to calculate in advance. Transaction costs imposed by blockchain networks, validators, liquidity providers or other third-party systems may fluctuate significantly and may not be known until a transaction is executed. MetaDAO may be unable to display or estimate the precise Fee applicable to a transaction before execution, and you accept sole responsibility for all such Fees once incurred.

MetaDAO may introduce new Fees, modify existing Fees, or discontinue Fees at any time, prospectively only. Your continued use of the Services after the effective date of a change constitutes acceptance of the revised Fees. Fees incurred through third-party providers are outside MetaDAO's control and may change without notice.

Unless required by applicable law, MetaDAO does not offer refunds or reimbursements for Fees already incurred, including Fees resulting from failed, reverted, delayed or partially executed transactions. All Fees are final once incurred. For the avoidance of doubt, this does not affect your ability to claim committed funds under section 4.2, which is a function of the escrow programs and not a refund of a Fee.

6.1 Taxes

You are solely responsible for determining and fulfilling any tax obligations arising from your use of the Services. You acknowledge that it is your sole responsibility to understand what taxes you are required to pay to each applicable taxing authority and to report and pay them. Taxing authorities may initiate enforcement action against you for failure to report and pay, and such enforcement is your sole responsibility.

MetaDAO does not provide tax advice and makes no representation as to the tax treatment of any transaction or digital asset activity. You are responsible for maintaining accurate records as required by applicable law.

7. Unavailability and changes

We reserve the right to withdraw or amend the Services, or any portion of them, in our sole discretion at any time and without notice. We will not be liable if for any reason all or any part of the Services is unavailable at any time or for any period.

We may restrict access to some or all of the Services at our discretion, and may disable any username, password, wallet address or other identifier at any time for any or no reason, including if we believe you have violated these Terms.

The Protocol operates independently of the Platform. Restricting your access to this interface does not remove your ability to interact with the onchain programs directly, including to claim funds under section 4.2.

8. User responsibilities

All Users agree to the following responsibilities:

• Making all arrangements necessary to access and use the Services.
• Ensuring that all persons who access the Services on their behalf are aware of, and comply with, these Terms.
• Conducting their own due diligence on all operations, interactions and transactions made on or through the Services.
• Understanding the risks associated with participating in or initiating a Raise, and the futarchy governance process.
• Understanding the technical requirements, processes and risks of using the Services, including the operation of digital wallets and blockchain transactions.
• Regularly monitoring their positions, activities and any Protocol interactions they initiate, including any unclaimed refund or Token allocation.
• Securely backing up all critical information, including private keys, seed phrases and credentials.
• Maintaining the security of their private keys, seed phrases and wallets.
• Immediately and responsibly reporting any security concern, unauthorized access, vulnerability or suspected breach.
• Complying with all applicable laws and regulations in every jurisdiction relevant to their use of the Services.

Users must also adhere to a comprehensive framework of legal and regulatory requirements, including:

• Strict compliance with applicable laws in their jurisdiction of residence or operation and in any other jurisdiction affected by their transactions.
• Compliance with anti-money-laundering and counter-terrorist-financing requirements.
• Ensuring their activities do not violate securities or commodities regulations where those apply.
• Meeting all tax reporting and payment obligations related to activity conducted through the Services.

To access certain features you may be required to connect a digital wallet and sign a message to establish a session. You represent that you have lawful authority to use that wallet and the funds it holds. You are solely responsible for all transactions initiated using your wallet and for any action taken by any person who gains access to it.

Notify us immediately of any unauthorized access to or use of your credentials or wallet, or any other breach of security. Exercise particular caution on public or shared devices.

It is a condition of your use of the Services that all information you provide is accurate, current and complete. All information submitted through the Services is governed by our Privacy Policy.

Your content may be transmitted unencrypted, may travel across various networks, may be posted on public blockchains, and may undergo modifications required by technical networking standards.

We are not responsible for securing your seed phrase or private keys if they are lost, stolen or compromised. We do not store them, cannot access them, and cannot assist in recovering them or any associated digital assets.

Users discovering security vulnerabilities must promptly disclose them through proper channels rather than exploiting them.

9. Risks and disclaimers

9.1 No financial or investment advice

We do not act as your financial advisor, investment manager, arranger, introducer, or commodity trading advisor. You are solely responsible for your decisions regarding how, when and with whom you interact or transact through the Services, and for understanding digital assets and the risks of interacting with smart contracts.

We may suspend or cancel your use of the Services for any reason, including if we believe you have engaged in or are about to engage in fraud, if required by applicable law, or if you violate these Terms.

All decisions you make on the Services are made solely by you. NO FINANCIAL, INVESTMENT, TAX, LEGAL OR SECURITIES ADVICE IS GIVEN THROUGH OR IN CONNECTION WITH THE SERVICES. No content found on the Services, whether created by us, our service providers, our partners, or another User, is or should be considered investment advice.

9.2 Risks

You are solely responsible for any transaction you initiate and for all fees you incur. Digital assets are not legal tender, are not backed by any government, and are not covered by investor protection or deposit insurance programs. We are not a bank and have no fiduciary duty to you. We do not guarantee profits or returns and do not provide compensation for losses.

Blockchain networks, smart contracts and related infrastructure may experience bugs, errors, delays, vulnerabilities, forks, reorganizations or outages that can disrupt functionality or prevent access to your digital assets, including access to funds you are entitled to claim.

Smart contract interactions are irreversible once confirmed, and audits do not guarantee the absence of flaws. Code upgrades or protocol changes may modify expected behaviour or introduce new risks. Technical failures, network congestion or infrastructure outages may delay, fail or prevent transactions. Cross-chain bridges, oracles and other third-party components may malfunction or be compromised.

You are solely responsible for securing your private keys, wallets and credentials. Lost, compromised or malfunctioning credentials or hardware may result in permanent loss of access to your digital assets. Phishing, social engineering and malware present significant risks.

Your digital assets may be subject to theft, expropriation, unauthorized access or attack, including malware, denial-of-service attacks, Sybil attacks, spoofing, flash-loan attacks and market manipulation. Counterparty risk may arise in certain transactions, and failures by third-party service providers may impact your ability to use the Services.

Protocol governance and operational parameters may change over time, and emergency procedures may be implemented without notice. Governance attacks or other adversarial actions may compromise protocol integrity.

Regulatory developments may impact the legality, value, taxation or operation of the Services or digital assets.

Information provided through the Services may not always be accurate, complete or current, and may be updated or changed at any time without notice. You should independently verify all information before relying on it.

9.3 Reliance on information posted

Information presented on or through the Services is made available solely for general information purposes. We do not warrant its accuracy, completeness or usefulness. Any reliance you place on it is strictly at your own risk.

The Services include content provided by third parties, including everything a Founder writes about their own project. All statements and opinions in such materials are the sole responsibility of the person or entity providing them and do not necessarily reflect the opinion of MetaDAO.

WE DO NOT ENDORSE AND ARE NOT RESPONSIBLE OR LIABLE FOR ANY THIRD-PARTY MATERIALS, INFORMATION, PROTOCOLS, NETWORKS, INFRASTRUCTURE, RESOURCES, APPLICATIONS, DATA, CONTENT OR SERVICES, EVEN IF AVAILABLE ON, THROUGH OR FROM THE SERVICES.

10. Intellectual property

The Services and their entire contents, features and functionality are owned by MetaDAO, its licensors, or other providers of such material, and are protected by copyright, trademark, patent, trade secret and other intellectual property laws.

User Contributions (defined below) are also protected by applicable laws, and you do not have the right to download, copy or use them without the consent of the User who posted them.

You must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store or transmit any material on our Services, except that:

• Your computer may temporarily store copies incidental to accessing and viewing those materials.
• You may store files automatically cached by your browser.
• You may print or download one copy of a reasonable number of pages for your own personal, non-commercial use.
• You may take such actions as are enabled by any social media features we provide.

You must not modify copies of any materials, use any illustration, photograph, video or graphic separately from its accompanying text, or delete or alter any copyright, trademark or other proprietary notice.

No right, title or interest in the Services is transferred to you, and all rights not expressly granted are reserved.

10.1 Trademarks

MetaDAO's name and logos, the Backable name and logo, and all related names, logos, product and service names, designs and slogans on the Services are trademarks of MetaDAO, its affiliates or licensors, or of Founders. You must not use any such marks without prior written permission of the applicable owner.

10.2 User contributions

The Services allow you to upload, display, post, submit, publish or transmit content or materials (collectively, "User Contributions"), including project descriptions, images, budgets, roadmaps, disclosures and chat messages. All User Contributions must comply with the Content Standards below.

Any User Contribution you post will be considered non-confidential and non-proprietary. By providing a User Contribution, you grant us and our affiliates and service providers, and each of their respective licensees, successors and assigns, the right to use, reproduce, modify, perform, display, distribute and otherwise disclose it to third parties for any purpose.

You represent and warrant that you own or control all rights in your User Contributions, or have the legal right to use them and to grant the licence above, and that they comply with these Terms.

You, not MetaDAO, have full responsibility for your User Contributions, including their legality, reliability, accuracy and appropriateness.

10.3 Content standards

User Contributions must comply with all applicable laws and regulations. Without limiting that, User Contributions must not:

• Contain material that is defamatory, obscene, indecent, abusive, offensive, harassing, violent, hateful, inflammatory or otherwise objectionable.
• Promote sexually explicit material, violence, or discrimination based on race, sex, religion, nationality, disability, sexual orientation or age.
• Infringe any patent, trademark, trade secret, copyright or other right of any other person.
• Violate the legal rights of others, including rights of publicity and privacy.
• Contain third-party trademarks or logos without that party's explicit consent.
• Be likely to deceive any person.
• Promote any illegal activity or advocate, promote or assist any unlawful act.
• Impersonate any person or misrepresent your identity or affiliation.
• Involve unrelated commercial activity such as contests, sweepstakes, barter or advertising.
• Give the false impression that they emanate from or are endorsed by us or any other person.
• Include or imply any statement of expected financial return, investment performance, or guaranteed outcome related to a Raise.
• Provide instructions or encouragement to circumvent laws, sanctions, or technical restrictions, including access controls or geo-blocking.

10.4 Copyright infringement

If you believe material available on or through the Services infringes your copyright or other intellectual property rights, send the relevant information to market.governed.civilization@metadao.fi. We reserve the right, without obligation, to review requests and take any action we deem appropriate, which may include removing or restricting access to the material and terminating the accounts of repeat infringers.

Knowingly submitting false or misleading claims may result in liability under applicable law.

11. Confidentiality

Given the public and decentralized nature of the Protocol, information published or recorded on the blockchain, made publicly available through the Services, or otherwise accessible to network participants is not confidential.

You acknowledge that any part of the Services which is not publicly available is confidential to MetaDAO, and you agree to maintain its secrecy through at least reasonable means.

12. Monitoring and enforcement; termination

We have the right to:

• Remove or refuse to post any User Contribution for any or no reason.
• Take any action with respect to any User Contribution that we deem necessary or appropriate, including if we believe it violates these Terms, infringes any right of any person, threatens the safety of Users or the public, or could create liability for MetaDAO.
• Disclose your identity or other information about you to any third party who claims that material posted by you violates their rights.
• Take legal action, including referral to law enforcement, for any action we believe is illegal or constitutes unauthorized use of the Services.
• Terminate or suspend your access to all or part of the Services for any or no reason.
• Fully cooperate with any law enforcement authority or court order requesting or directing us to disclose the identity or other information of anyone posting material on or through the Services.

We do not undertake to review all material before it is posted, and cannot ensure prompt removal of objectionable material after posting. We assume no liability for any action or inaction regarding transmissions, communications or content provided by any User or third party.

13. Prohibited uses

You may use the Services only for lawful purposes and in accordance with these Terms. You agree not to use the Services:

• In any way that violates any applicable law or regulation.
• To exploit, harm, or attempt to exploit or harm minors in any way.
• To send, knowingly receive, upload, download, use or re-use any material that does not comply with the Content Standards.
• To transmit or procure the sending of any advertising or promotional material without our prior written consent, including junk mail, chain letters or spam.
• To impersonate or attempt to impersonate MetaDAO, a MetaDAO contributor, another User, or any other person or entity.
• To engage in any conduct that restricts or inhibits anyone's use or enjoyment of the Services, or which may harm MetaDAO or its Users or expose them to liability.

Additionally, you agree not to:

• Use the Services in any manner that could disable, overburden, damage or impair them, or interfere with any other party's use.
• Use any content available on or via the Services, or any output generated, for training any machine learning or artificial intelligence tool, software or platform.
• Use any content available on or via the Services, or any output generated, to identify a specific individual or extract personal information.
• Use any robot, spider, or other automatic device, process or means to access the Services, including to monitor or copy material.
• Use any manual process to monitor or copy material for any unauthorized purpose without our prior written consent.
• Use any device, software or routine that interferes with the proper working of the Services.
• Introduce any virus, Trojan horse, worm, logic bomb, or other malicious or technologically harmful material, including automated tools to probe for weaknesses.
• Attempt to gain unauthorized access to, interfere with, damage or disrupt any part of the Services or any server, computer or database connected to them.
• Copy, mirror or otherwise attempt to replicate or reproduce the Services.
• Attack the Services via a denial-of-service or distributed denial-of-service attack.
• Otherwise interfere with the proper working of the Services, including by network flooding, transaction spamming, resource monopolization, or deliberate creation of network congestion.
• Engage in, promote or facilitate money laundering, terrorist financing, sanctions evasion or any other unlawful financial activity.
• Violate or circumvent any legally imposed compliance measure implemented by MetaDAO.
• Transact on behalf of, or for the benefit of, any Restricted Person or any person or entity located in a Restricted Jurisdiction.
• Use the Services as a mixer, tumbler, anonymization tool, or any other mechanism to obscure or disguise the source or destination of digital assets.
• Circumvent or attempt to circumvent any access control, geo-blocking or wallet restriction, including by using virtual private networks, proxy servers or false identifying information.
• Engage in coordinated, collusive or deceptive trading activity, including wash trading, spoofing, front-running, or any conduct intended to mislead or distort outcomes, including artificially inflating commitments to a Raise.
• Use or attempt to use another User's wallet or credentials without authorization, or access the Services through unauthorized integrations or smart-contract calls.
• Introduce, deploy or interact with any smart contract or code designed to extract data or assets from other Users or from the Services without consent.
• Exploit or attempt to exploit any vulnerability, bug or malfunction in the Services for any reason, including personal gain.
• Create a Raise containing materially false statements about you, your project, your team, your prior fundraising, or your use of funds.
• Collect, harvest or attempt to collect wallet addresses, transaction data or personal information from other Users.
• Attempt to deanonymize or re-identify any User or participant from blockchain data.
• Provide false, inaccurate or misleading information during registration, verification or interaction with the Services.
• Engage in any activity that, in MetaDAO's sole judgment, poses a risk of legal liability, regulatory exposure, reputational harm, or disruption to the integrity or operation of the Services.
• Attempt to claim disproportionate system resources.

14. Limitations of liability

You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Services will be free of viruses or other destructive code. TO THE FULLEST EXTENT PROVIDED BY LAW, METADAO WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DENIAL OF SERVICE ATTACK, DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE SERVICES OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON THEM.

YOUR USE OF THE SERVICES, AND THEIR CONTENT, CONTENT PROVIDED BY OTHER USERS, AND ANY SERVICES, ITEMS, INFORMATION OR OTHER MATERIALS OBTAINED ON OR THROUGH THE SERVICES (COLLECTIVELY, "MATERIALS") IS AT YOUR OWN RISK. THE SERVICES AND MATERIALS ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EXPRESS, STATUTORY, IMPLIED OR OTHERWISE. NEITHER METADAO NOR ANY PERSON ASSOCIATED WITH METADAO MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY OR AVAILABILITY OF THE SERVICES, OR THAT THEY WILL BE ERROR-FREE OR UNINTERRUPTED.

TO THE FULLEST EXTENT PROVIDED BY LAW, METADAO DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING ANY WARRANTIES OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE.

14.1 Liability cap

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE TOTAL LIABILITY OF METADAO OR ANY OF THE COVERED PARTIES ARISING OUT OF OR RELATING TO THESE TERMS OR YOUR USE OF THE SERVICES OR MATERIALS EXCEED (I) THE AMOUNT PAID BY YOU FOR SERVICES FOR THE TWELVE (12) MONTH PERIOD IMMEDIATELY PRIOR TO THE DATE THE CAUSE OF ACTION AROSE; OR (II) FOR SERVICES PROVIDED WITHOUT CHARGE, FIFTY UNITED STATES DOLLARS (US$50).

THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.

14.2 Claim timeline

ANY CAUSE OF ACTION OR CLAIM YOU MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES OR MATERIALS MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE IT IS PERMANENTLY BARRED.

15. Indemnification and hold harmless

TO THE MAXIMUM EXTENT PERMITTED BY LAW, METADAO SHALL HAVE NO LIABILITY FOR, AND YOU HEREBY RELEASE, WAIVE AND HOLD HARMLESS METADAO AND THE REMAINING COVERED PARTIES AND INDEMNIFY THEM FROM AND AGAINST ANY AND ALL LOSSES, CLAIMS, LIABILITIES, DAMAGES, JUDGMENTS, AWARDS, DEMANDS, FEES, COSTS AND EXPENSES, INCLUDING LEGAL FEES, ARISING OUT OF OR RELATING TO: (A) YOUR USE OF, OR INABILITY TO USE, THE SERVICES; (B) ANY SMART CONTRACTS DEPLOYED, CALLED OR OTHERWISE INTERACTED WITH THROUGH THE SERVICES, INCLUDING ANY FAILURE TO FUNCTION AS EXPECTED AND ANY IRREVERSIBLE OR UNINTENDED EFFECTS; (C) YOUR PURCHASE, COLLECTION, TRADING OR OTHER TRANSACTION RELATING TO ANY TOKEN OR OTHER DIGITAL ASSET, INCLUDING ALL FEES AND ANY LOSSES, DISPUTES OR REGULATORY CONSEQUENCES ARISING OUT OF THE FAILURE OF ANY PROJECT OR RAISE, INCLUDING MISMANAGEMENT, FRAUD OR NON-COMPLIANCE WITH LAWS BY FOUNDERS; (D) ANY TRANSACTION CONDUCTED THROUGH OR IN CONNECTION WITH THE SERVICES, INCLUDING ANY LOSS OF OR INABILITY TO ACCESS DIGITAL ASSETS, OR ANY FAILURE, DELAY, MALFUNCTION OR INACCURACY OF ANY ASSOCIATED NETWORK, SMART CONTRACT OR DATA FEED; (E) ANY INACCURACY, DELAY, ERROR OR OMISSION IN DATA DISPLAYED THROUGH THE SERVICES; (F) ANY MODIFICATION, SUSPENSION OR DISCONTINUATION OF THE SERVICES; (G) YOUR LOSS OF CONTROL OVER OR COMPROMISE OF YOUR SEED PHRASE, PRIVATE KEYS OR OTHER CREDENTIALS; (H) YOUR DEVICES, HARDWARE OR EQUIPMENT; (I) ANY USER CONTRIBUTION, INCLUDING ANY INFORMATION PROVIDED BY A FOUNDER OR AS PART OF A RAISE, OR ANY RELIANCE ON IT; (J) ANY APPLICATION DEVELOPED, MADE AVAILABLE OR USED IN CONNECTION WITH THE SERVICES; (K) ANY OPEN SOURCE COMPONENTS OR THIRD-PARTY CODE; (L) ANY ACTION OR INACTION TAKEN BY ANY COVERED PARTY, OR BY LAW ENFORCEMENT OR GOVERNMENT AUTHORITIES; (M) ANY CLAIM OF COPYRIGHT INFRINGEMENT OR OTHER INTELLECTUAL PROPERTY VIOLATION; (N) YOUR FAILURE TO COMPLY WITH THESE TERMS, THE TERMS OF A RAISE, OR ANY APPLICABLE LAW; (O) ANY FEES, WHETHER CHARGED BY METADAO OR ANY THIRD PARTY; (P) YOUR CONNECTION OF A DIGITAL WALLET TO THE SERVICES; (Q) ANY DECISION YOU MAKE OR ACTION YOU TAKE BASED ON INFORMATION PROVIDED THROUGH THE SERVICES; (R) LOSSES YOU SUFFER AS A RESULT OF TRADING OR OTHERWISE TRANSACTING IN DIGITAL ASSETS; (S) ANY TAXES, DUTIES OR GOVERNMENTAL CHARGES ARISING FROM YOUR USE OF THE SERVICES; (T) YOUR CONTENT OR INPUTS TO THE SERVICES; (U) TRANSMISSION OF YOUR INFORMATION OVER UNENCRYPTED COMMUNICATION LINES AND POSTING ONCHAIN; (V) ANY DISPUTE WITH OTHER USERS; (W) THE RISKS IDENTIFIED IN THESE TERMS; OR (X) YOUR VIOLATION OF THESE TERMS, INCLUDING ANY BREACH OF YOUR REPRESENTATIONS AND WARRANTIES.

16. Force majeure

MetaDAO shall not be liable for any failure, delay, interruption or degradation in the performance of the Services resulting from circumstances beyond its reasonable control. This protection applies to the Services only and does not apply to the Protocol, which operates independently of MetaDAO.

Events that may constitute force majeure include natural disasters; widespread or prolonged power outages; major internet backbone disruptions; governmental or regulatory action, including emergency directives, sanctions or sudden changes in applicable law; failure of components of the decentralized infrastructure; and cybersecurity incidents such as distributed denial-of-service attacks or zero-day vulnerabilities.

17. Privacy and data

All information we collect on the Services is subject to our Privacy Policy. By using the Services, you consent to all actions taken by us with respect to your information in compliance with that policy.

18. Modifications

We may revise and update these Terms from time to time in our sole discretion. All changes are effective immediately when posted and apply to all access to and use of the Services thereafter. Changes to the dispute resolution provisions will not apply to any dispute for which the parties have actual notice on or before the date the change is posted.

Your continued use of the Services following the posting of revised Terms means you accept and agree to the changes.

19. Termination

We may terminate your access to and use of the Services at any time, for any reason or no reason, in our sole discretion and without notice, and we will not be liable to you for any resulting suspension or termination. If we believe or suspect you have breached these Terms, we may take any action we deem appropriate, from warning notifications for minor infractions through to permanent restriction for serious or material breaches.

Termination of your access to this interface does not extinguish your rights against the onchain programs, including your ability to claim committed funds or Token allocations directly.

20. Dispute resolution

Issues arising within a Raise are resolved through community governance. Technical disputes are handled by protocol logic. Legal disputes are subject to the applicable jurisdiction.

20.1 Protocol-related disputes

If you have a dispute with a Founder or with other Users who are part of a Raise, you must resolve it through the futarchy-based governance functionality of the Protocol. For complex technical matters where community input is insufficient, the community may convene a technical review or advisory panel of independent experts, whose conclusions are implemented through decentralized governance to become binding.

All Protocol-level disputes must be pursued exclusively through these decentralized methods. Where a dispute concerns technical execution, smart contract behaviour or protocol logic, the onchain programs themselves act as the first and primary arbitrator.

All outcomes produced by the Protocol are contractual obligations binding on the User and the Founder, but not on MetaDAO. MetaDAO has no authority or obligation to resolve Protocol-related disputes and cannot modify, alter, reverse or remediate Protocol outcomes.

If a dispute cannot be resolved through Protocol governance, or concerns rights or obligations arising under these Terms rather than Protocol mechanics, it proceeds under section 20.2.

20.2 Governing law and arbitration

All matters relating to the Services and these Terms, and any dispute or claim arising from or related to them (including non-contractual disputes or claims), are governed by and construed in accordance with the internal laws of the Cayman Islands, without giving effect to any choice or conflict of law provision. All such disputes, claims and controversies, including regarding breach, termination, enforcement, interpretation or validity, and including the determination of the scope or applicability of this arbitration provision, shall be resolved by final and binding arbitration administered by JAMS under its Comprehensive Arbitration Rules and Procedures then in effect. The arbitration shall be conducted in George Town, Grand Cayman, Cayman Islands, unless the parties agree in writing to another location, before a single arbitrator selected in accordance with those rules. Judgment on the award may be entered in any court having jurisdiction. Each party shall bear its own costs and legal fees, and the parties shall share equally the arbitrator's fees and administrative fees, unless the arbitrator determines otherwise.

THE PARTIES AGREE TO ARBITRATE SOLELY ON AN INDIVIDUAL BASIS. THIS AGREEMENT DOES NOT PERMIT CLASS ARBITRATION OR ANY CLAIM BROUGHT AS A PLAINTIFF OR CLASS MEMBER IN ANY CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS AND MAY NOT PRESIDE OVER ANY FORM OF REPRESENTATIVE OR CLASS PROCEEDING.

21. Assignment

You may not assign, delegate or transfer these Terms or any rights or obligations under them, or your account, in any way without MetaDAO's prior written consent, except to a successor to your business by merger or sale of all or substantially all of your assets or voting securities. We may transfer, assign or delegate these Terms and our rights or obligations without your consent.

22. Entire agreement

These Terms, together with our Privacy Policy, constitute the sole and entire agreement between you and MetaDAO regarding the Services and the Protocol, and supersede all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, regarding the same.

Terms published by a Founder for a specific Raise govern the relationship between that Founder and their Backers. They do not bind MetaDAO, and where they conflict with these Terms as to your relationship with MetaDAO, these Terms prevail.

23. Contact

Mail correspondence to: PO Box 852, Long Island Rd, Majuro, Marshall Islands MH 96960

Contact electronically at: market.governed.civilization@metadao.fi