Terms of Use
Effective Date: August 14, 2024
Terms of Use
Acceptance of Terms
By accessing or using the Cortensor platform and related services (the "Service"), you agree to be bound by these Terms of Use. If you do not agree with these terms, please do not use our Service.
Description of Service
Cortensor is a decentralized AI network providing a platform for users to access AI inference capabilities, participate in validation tasks, and utilize various AI-driven services. This platform is experimental, and users should be aware that the Service, including all associated tokens and functionalities, is in its alpha phase and subject to change.
User Accounts
Account Creation: You must create an account to use certain features of our Service.
Account Security: You are responsible for maintaining the confidentiality of your account information, including your private keys and any credentials associated with your blockchain interactions.
Account Responsibility: You are responsible for all activities that occur under your account, whether authorized by you or not.
User Conduct
You agree to use the Service in compliance with all applicable laws and these Terms. You shall not:
Use the Service for any illegal purpose.
Interfere with or disrupt the Service or servers connected to the Service.
Attempt to gain unauthorized access to any part of the Service.
Use the Service to transmit any viruses or malicious code.
Intellectual Property
The Service and its original content, features, and functionality are owned by Cortensor and are protected by international copyright, trademark, patent, trade secret, and other intellectual property laws. You may not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Service without our prior written consent.
Payment and Fees
Fees: Fees for the use of certain features of the Service will be clearly displayed before you use the relevant feature.
Payment Agreement: You agree to pay all fees associated with your use of the Service in accordance with the blockchain protocols governing such payments.
Refunds: All fees are non-refundable unless otherwise stated.
Token Usage and Evolution
Experimental Nature: The $COR token, currently in its v1 phase, is experimental and primarily intended for governance and utility within the alpha software of Cortensor. Users should understand that the token is subject to change, and Cortensor reserves the right to evolve or replace the token with a v2 or subsequent version at any time.
Token Control: Cortensor maintains full control over any changes to the token, including but not limited to, adjustments in its functionality, distribution, or governance mechanisms. The transition to v2 or any subsequent token version will be at Cortensor's discretion and may result in the deprecation or alteration of v1 tokens.
Token Migration and Next Versions: Cortensor and its parent company reserve the right to introduce new versions of the $COR token and initiate a migration process at any time. Users understand and agree that such migrations may lead to changes in the token's functionality, value, or utility. Cortensor and its parent company are not liable for any loss of value, disruption of service, or any other consequences arising from the migration to a new token version. Users participate in such migrations at their own risk and discretion.
Community Distribution via DEX: Users may acquire $COR tokens through decentralized exchanges (DEX). By doing so, users agree to be bound by these Terms of Use. Cortensor emphasizes that this distribution is aimed at ensuring broad community participation and is not a traditional sale. Cortensor disclaims any financial responsibilities or liabilities associated with the purchase or use of $COR tokens, including any losses incurred from market fluctuations or other risks inherent to decentralized finance.
Limitation of Liability
To the fullest extent permitted by law, Cortensor, its parent company, affiliates, officers, directors, employees, agents, and licensors (collectively, "the Company") shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages, or any loss of profits, revenues, data, goodwill, or other intangible losses, whether incurred directly or indirectly, resulting from:
Your access to or use of, or inability to access or use, the Service.
Any conduct or content of any third party on the Service, including any defamatory, offensive, or illegal conduct of other users or third parties.
Any unauthorized access, use, or alteration of your transmissions or content.
Your reliance on any information obtained through the Service.
Any financial loss, including loss of digital assets, arising from the use of the Cortensor platform or the $COR token.
Any losses or damages resulting from your interaction with decentralized exchanges (DEX), centralized exchanges (CEX), or other third-party platforms, including but not limited to the purchase, sale, or trading of $COR tokens.
Any impact on the value or utility of the $COR token due to changes, migrations, or updates made by Cortensor or its parent company.
Disclaimer of Warranties
The Service, including all content, software, functions, materials, and information made available on or accessed through the Service, is provided on an "as is" and "as available" basis without any warranties of any kind, either express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The Company makes no warranty that:
The Service will meet your requirements.
The Service will be uninterrupted, timely, secure, or error-free.
The results that may be obtained from the use of the Service will be accurate or reliable.
Any errors in the Service will be corrected.
Experimental Nature of the Service
You acknowledge and agree that the Cortensor platform, including all software, network protocols, and related services, is experimental and subject to significant changes. The Company makes no guarantees regarding the stability, security, or performance of the Service. You understand and agree that your use of the Service, including participation in any token-related activities, is entirely at your own risk.
No Financial Responsibility
By accessing or using the Service, including the acquisition, sale, or holding of $COR tokens through decentralized or centralized exchanges, you acknowledge and agree that:
The Company shall not be responsible for any financial losses you may incur.
The Company disclaims any liability for any loss of value, market volatility, or other financial risks associated with the $COR token.
You are solely responsible for managing your digital assets and making informed decisions regarding your participation in the Cortensor network.
Any engagement with the Service, including the use of $COR tokens or any related financial activities, is done at your own discretion and risk.
Restricted Use
You may not use or access the Service if you are located in a country or region that is subject to a comprehensive embargo or sanction by the United States, Panama, or other applicable jurisdictions. This includes but is not limited to:
North Korea
Iran
Syria
Sudan
Russia
Ukraine
Crimea Region of Ukraine
Any other country or region designated by the United States, Panama, or other applicable jurisdictions as restricted or subject to comprehensive sanctions.
Jurisdiction
The Cortensor platform is operated under the jurisdiction of Panama. Any disputes arising from or related to these Terms of Use shall be governed by the laws of Panama. Cortensor and its parent company disclaim all liabilities other than those explicitly recognized by Panamanian law. Users engage with the Service at their own risk, and any legal actions must be brought within the jurisdiction of Panama.
AML/KYC Compliance
Cortensor is committed to complying with all applicable Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Users may be required to undergo AML/KYC checks before engaging in certain activities on the platform, including token acquisition, staking, and other financial transactions. Cortensor reserves the right to deny access to the Service or freeze accounts if users fail to comply with AML/KYC requirements.
Changes to Terms
We reserve the right to modify or replace these Terms at any time. If a revision is material, we will provide at least 30 days' notice prior to any new terms taking effect. It is your responsibility to review these Terms periodically for any changes. Your continued use of the Service after any changes constitutes acceptance of those changes.
Indemnification
You agree to indemnify and hold harmless Cortensor, its parent company, affiliates, officers, directors, employees, agents, and licensors from and against any and all claims, damages, obligations, losses, liabilities, costs, or debt, and expenses (including but not limited to attorney's fees) arising from:
Your use of and access to the Service.
Your violation of any term of these Terms of Use.
Your violation of any third-party right, including without limitation any right of privacy or intellectual property rights.
Any claim that your use of the Service caused damage to a third party.
Tokenomics and Distribution Changes
Cortensor and its parent company reserve the right to change, modify, or adjust the tokenomics, token distribution, or any related mechanisms as deemed necessary for the long-term success and sustainability of the project. These changes may be implemented at any time and will be communicated to the community as needed.
Contact Us
If you have any questions about these Terms, please contact us at info@cortensor.network.
Disclaimer
By using Cortensor, you acknowledge that you have read and understood these Terms of Use and agree to be bound by them. Cortensor is an experimental platform, and users engage with the Service at their own risk. Cortensor and its parent company disclaim all liabilities associated with the use of the Service and the $COR token, including any financial losses or damages. Cortensor reserves the right to make changes to the Service, including the token structure, at its sole discretion, and assumes no liability for any such changes.
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