Terms and Conditions
Terms and Conditions of Use WaveSwaps
These Terms and Conditions ("Terms") govern your use of the WaveSwaps platform ("Platform"), operated as a decentralized blockchain application ("WaveSwaps," "we," "us," or "our"). By accessing or utilizing the Platform, you ("User," "you," or "your") agree to comply with these Terms. If you do not agree with any part of these Terms, you must refrain from using the Platform.
Eligibility
Users must be of legal age in their jurisdiction, with a minimum age requirement of 18 years.
Access to the Platform is prohibited in jurisdictions where such access is restricted or illegal.
Introduction
WaveSwaps is a decentralized protocol operating across multiple public blockchains, including Binance Smart Chain, Polygon, Ethereum, Arbitrum, and Optimism. The Platform facilitates efficient liquidity unlocking from digital assets and provides features such as token swapping, governance, and staking. Users interact with the Platform through non-custodial wallet software, enabling seamless blockchain interactions.
MetaMask Connectivity
Certain features of the Platform require connecting a compatible wallet, such as MetaMask. Users are solely responsible for maintaining the confidentiality of their wallet credentials and assume full liability for all transactions executed through their account.
Guidelines for Wallet Use:
Use only the latest wallet version from an official source.
Securely back up recovery phrases and never share them under any circumstances.
Input recovery phrases only in the original wallet app.
GBL and WAVE Tokens
GBL Tokens: Native utility tokens of WaveSwaps, used for swapping, staking, and governance. GBL tokens are not financial instruments or securities and do not confer ownership rights or dividends.
WAVE Tokens: Governance and utility tokens that complement GBL, supporting functionalities such as enhanced liquidity mechanisms, DAO participation, and cross-chain utility.
Both tokens are subject to market risks and volatility. Users bear sole responsibility for managing these risks.
Platform Usage
Users must:
Comply with all applicable laws, regulations, and these Terms.
Refrain from engaging in fraudulent, illegal, or unauthorized activities on the Platform.
Avoid disrupting the Platform’s operation, security, or user experience.
Token Swapping
The Platform enables decentralized token swapping across supported blockchains. Token swapping involves inherent risks, including market volatility and potential financial losses. Users acknowledge and accept full responsibility for these risks. Swapping incomes are distributed based on the specific calculation and distribution models of each WaveSwaps feature.
DAO Governance Mechanisms
Governance Participation: DAO token holders are eligible to participate in the governance model, voting on key proposals and decisions.
Income Distribution: Weekly income from Platform profit centers, such as transaction fees and liquidity operations, is distributed to WSHARE holders via smart contracts.
Recycle, Revitalize, Revamp
WaveSwaps features the V1 and V3 GBL Bot models, along with complementary innovations, to enhance liquidity and promote sustainable token management:
V1 GBL Bot: Focuses on recycling tokens, reducing circulation supply, and providing predictable returns through a fixed reward mechanism. Users actively contribute to ecosystem sustainability while earning rewards.
V3 GBL Bot: Operates uniformly across all blockchains, offering dynamic liquidity provisioning, stable returns, and enhanced risk mitigation through systematic token purchases. This model ensures efficiency and accessibility in a multi-chain environment.
Liquidity Nodes and Power Cores: NFT-based assets that amplify daily recycling rewards and support ecosystem-wide liquidity. By staking Power Cores to activate Liquidity Nodes, users foster token sustainability while earning rewards.
GBL and WAVE Staking: Allows users to stake tokens to earn additional rewards, optimizing DeFi strategies and supporting sustainable asset growth.
Cross-Chain Swap: Enables seamless token swapping across multiple networks, enhancing liquidity and providing real-time balance tracking for greater user autonomy.
Acknowledgment and Acceptance
By using the Platform, users acknowledge and accept these Terms, including associated risks inherent to decentralized finance and token-based operations.
Risk Disclosure
The Platform is provided "as is," without warranties or guarantees.
WaveSwaps does not guarantee the accuracy, reliability, or completeness of Platform information.
Users assume all risks associated with the use of the Platform, including market volatility and technical errors.
Limitation of Liability
WaveSwaps is not liable for:
Direct, indirect, or incidental damages resulting from Platform usage.
Losses arising from reliance on Platform information or unauthorized account access.
Errors, interruptions, or data breaches affecting Platform functionality.
Modification of Terms
WaveSwaps reserves the right to update these Terms. Material changes will be announced through the Platform. Continued use of the Platform after modifications constitutes acceptance of the revised Terms.
Non-Solicitation and Investment Advice
The Platform does not provide investment advice or act as a broker.
All transactions are user-initiated, and token information is provided solely for educational purposes.
Service Description
WaveSwaps provides decentralized access to smart contracts for token swaps, liquidity management, and governance. It does not control protocol versions or manage blockchain activities directly.
Intellectual Property Rights
WaveSwaps retains ownership of all intellectual property related to its software, content, and trademarks. Users may not reproduce, modify, or distribute Platform materials without prior authorization.
Prohibited Activities
Users are prohibited from:
Engaging in fraud, market manipulation, or illegal activities.
Using the Platform for cyberattacks, unauthorized access, or content violations.
Violating intellectual property rights or engaging in unauthorized trading.
Not Registered with Regulatory Agencies
WaveSwaps is not registered with regulatory agencies such as the U.S. Securities and Exchange Commission. The Platform does not guarantee optimal market pricing or transaction execution.
Effective Date
These Terms and Conditions are effective as of November 23, 2024, and supersede all previous versions. Users are encouraged to review these Terms periodically.
This document replaces all previous versions:
Terms 20/05/2024 >> Terms 04/04/2024 >> Terms 09/01/2024 >> Terms 15/11/2023 >> Terms 15/07/2023 >>
Last updated