Terms & Conditions

Mage Finance Terms & Conditions

Welcome to Mage Finance. The following Terms & Conditions ("Terms") govern your access to and use of Mage Finance's services, including our decentralized application (dApp) built on the Bitcoin Layer2 Merlin Chain, known as the Mage Protocol, and the Mage Chain, a Bitcoin Layer3 appChain. These Terms constitute a legally binding agreement between you, the user ("you" or "User"), and Mage Finance ("we", "us", "our", or "Mage Finance").

By accessing or using any part of our services, including our websites, dApps, and any other services we provide (collectively, the "Services"), you agree to be bound by these Terms. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services.

We reserve the right to update, change, or replace any part of these Terms by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Services following the posting of any changes to these Terms constitutes acceptance of those changes.

1. Use of Services

Eligibility

To access or use the Services, you must be able to form a legally binding contract with us. You represent that you are of legal age in your jurisdiction to form a binding contract, but in no event less than 18 years old. If you are accessing or using the Services on behalf of a business or entity, you represent that you have the authority to bind that business or entity to these Terms and that your business or entity is legally and financially responsible for your use of the Services as well as for the use of your account by others affiliated with your entity, including any employees, agents, or contractors.

Access and Use

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 federal, state, local, or international law or regulation.

2. Services Description

Mage Finance provides a decentralized financial infrastructure and services built on top of the Bitcoin blockchain through the Merlin Chain and Mage Chain. The Mage Protocol and Mage Chain are designed to facilitate transactions and interactions within the decentralized finance (DeFi) ecosystem, leveraging the security and liquidity of the Bitcoin network.

3. Assumption of Risk

You acknowledge and agree that the blockchain and DeFi spaces involve significant risks. These include, but are not limited to, risk of loss, risk of an unfavourable regulatory stance, and risk of unauthorized access by third parties. You assume all risks related to the use of the Mage Finance services and any activities associated with cryptocurrencies and blockchain technology.

4. Intellectual Property Rights

All rights, title, and interest in and to the Services (including all intellectual property rights) will remain with and belong exclusively to Mage Finance. You are granted a limited, non-exclusive, revocable license to access and use the Services for your personal, non-commercial use in accordance with these Terms.

5. Privacy Policy

Our Privacy Policy describes how we handle the information you provide to us when you use our Services. By using the Services, you agree to the collection and use of information in accordance with our Privacy Policy.

6. Disclaimer of Warranties; Limitation of Liability

We do not guarantee, represent, or warrant that your use of our Services will be uninterrupted, timely, secure, or error-free. We do not warrant that the results obtained from the use of the Services will be accurate or reliable. You expressly agree that your use of, or inability to use, the Services is at your sole risk.

In no case shall Mage Finance, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers, or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation, lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability, or otherwise, arising from your use of any of the Services or for any other claim related in any way to your use of the Services.

7. Indemnification

You agree to indemnify, defend, and hold harmless Mage Finance and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns, and employees, from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.

8. Dispute Resolution

All disputes arising out of or in connection with these Terms shall be resolved through binding arbitration in accordance with the rules of arbitration of the International Chamber of Commerce.