XDAO Terms of Use

1. General Provisions

These Terms of Use are between you and XGROUP GLOBAL PTE. LTD. (also referred to herein as «Company», «we» or «us» as applicable). The following terms and conditions, together with the documents to which they expressly refer (collectively, these «Terms of Use» or «agreement») govern your access to and use of www.xdao.app, including any content, functionality and services provided on https://www.xdao.app/ (hereinafter referred to as the «Site» or «Platform») as a guest or a user («you» or the «User»).

Please read the Terms of Use carefully before you start using the Site.

By using any functions, services and functions of the Site, including when browsing the pages, the User declares that he has read, understood and agrees to be bound by the Terms of Use, including all special conditions and rules mentioned in it, without any exceptions or reservations.

The Company may amend this Terms of Use from time to time. When such changes are made, Users are notified of such changes, for example, by sending notice posted on the Site, or by updating the revision date of this Agreement. Unless otherwise stated in the notice, the amended terms of the Terms of Use shall take effect immediately.

Using the Site after making changes is considered the User's consent to the changes. In case of disagreement with the amended terms, the User must stop using the Site.

The location of content, format, functions and access rights to the Platform are determined at the discretion of the Company.

The Company reserves all rights not expressly granted in this Agreement. Users are prohibited from using the Platform in any way not expressly permitted by this Terms of Use.

If you have any questions regarding the provisions of this Agreement, please contact us at legal@xdao.app.

We draw your attention to the fact that we have prepared detailed instructions posted on the website https://docs.xdao.app. This manual is gradually updated with new explanations, so periodically check it in order to fully understand the processes taking place inside the service.

The Site uses underling software «XDAO Smart-contracts» owned by the Company with its source code available at https://github.com/xdao-app(the “Software”). By using the Site, you also accept the Software license agreement displayed in the repository.

The Software is designated to function on a variety of pubic blockchain platforms developed by third-parties subject to their terms and conditions. The list of XDAO smart-contracts deployed by the Company is available at https://docs.xdao.app/xdao-info/smart-contracts

2. Definitions

Services	a website-hosted user interface that assists the creation of DAO and user interaction with the DAO and digital assets management, namely by providing multi-signature function for transactions and DAO votes; the Site forms and accumulates the transactions signed by the DAO users and sends them into a relevant blockchain ones the Quorum is reached; additional services provided with XDAO modules.
GT or Governance Tokens	the user's DAO tokens, that determine the weight of the DAO participant's vote when making a decision
LP or Liquidity Provider Token	the user's DAO token that is granted in return to the investment made into the DAO and testifies the investor's ability to participate in future profit distribution.
Module	additional extension of DAO capabilities. For example, connecting a Telegram bot
Digital assets	digital currencies and their derivatives with a certain value
Digital currencies	encrypted or digital tokens or cryptocurrencies with a certain value, which are based on blockchain and cryptography technologies and are issued, managed in a decentralized manner
Gas fee	fee or cost, needed for the successful completion of a transaction or execution of a contract, defined by a specific blockchain network
Website and Platform	a set of information, web forms, programs and software tools and objects of intellectual property (including computer programs, databases, graphical interface, development, content, etc.), access from various user devices connected to the Internet, through special software for browsing web pages (browser) by https://www.xdao.app/, including Domains of the following levels
Member	GT holder who has the right to sign (authorize) the decisions put to the DAO vote
Quorum	is the minimum proportion of GT owned by DAO members required for a vote to be considered legitimate and executed
Wallet	a third-party digital wallet software that allows the User to independently store virtual currency, organize network addresses, view transaction history and make transactions in virtual currencies
Private offer	makes it possible to buy only a certain amount of LP tokens for a certain buyer
Public offer	allows an unlimited number of users to buy an unlimited number of tokens
DAO	decentralized autonomous organization represented by rules encoded as a computer program that is transparent and controlled by its Members that deployed and maintained on a specific blockchain or another distributed ledger technology solution.

3. Eligibility to use the service
   1. By using the Site and Services you represent and warrant that:
      1. as an individual or legal entity you have full legal capacity and (or) sufficient authority to enter into this Agreement;
      2. you are not subject to sanctions including but not limited to the lists maintained by the United Nations Security Council, the European Union or its member states, the United States of America or any other relevant government authority;
      3. you are not bound to comply with any legal prohibitions and / or restrictions regarding the ownership, exchange or transfer of cryptocurrencies that might interfere with your usage of Site and Services;
      4. your use of the Site will not violate any and all laws and regulations applicable to you, including but not limited to anti-money laundering, anti-corruption and anti-terrorist financing regulations, as well as the AML policy of our service;
      5. you know, understand and accept the risks associated with your use of Services, cryptocurrencies and distributed ledger technology.
   2. If the you use the Site on behalf of another person, the you confirm that:
      1. the person represented meets the criteria set out above;
      2. a person acting as a representative is duly authorized to act in that capacity;
      3. the represented person is aware of the acceptance of this Agreement on his behalf.
   3. Violation of these statements entails the right of the Company to claim damages caused by such violation.
   4. Users are prohibited from committing unlawful actions; actions that might threaten the safety and stability of the Services.
   5. We reserve the right to limit the availability of our Services to any person, geographic area, or jurisdiction, at any time and at our sole and absolute discretion.
4. Your use of Services
   1. XDAO is a DAO creation & management platform powered by multichain support services (including, without limitation Ethereum, BNB Chain, Polygon, HECO). XDAO is an interface that allows Users to create and participate in DAO projects. The Platform does not require pre-registration and provision of any personal data. The project management functionality is available to the User after completing the procedure for creating a DAO project and connecting the Wallet to the Platform.
   2. Our Services only provide you with the relevant software interface that helps you to form and broadcast transactions to a specific blockchain («Interface»). We neither have control over your interactions with the blockchain nor encourages you to perform any. All interaction performed by you via the Interface remains your sole responsibility. We do not control your blockchain interactions and cannot reverse an interaction after it occurred.
   3. You specifically understand and hereby represent your acknowledgement of the following:
   • The pricing information data provided through the Site does not represent an offer, a solicitation of an offer, or any advice regarding, or recommendation to enter into, a transaction with the Interface;
   • The Interface does not act as an agent for any of the users;
   • The Interface does not own or control any of the underlying software through which blockchain networks are formed, and therefore is not responsible for them and their operation;
   • You are solely responsible for reporting and paying any taxes applicable to your use of the Interface;
   • Interface or Modules may include technical inaccuracies or typographical errors. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Interface or relevant tools are your sole responsibility;
   • We do not check the truthfulness and validity of data published by our users at their DAO pages (i.e. sections «About» and «Contacts»).
   • If you are dealings with any third parties, you expressly relieve us of any and all liability arising from those relationships.
   4. All information provided with the Site should not be construed as professional advice. Before you make any financial, legal, or other decisions involving the Interface, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate.
   5. You are responsible for maintaining the confidentiality of your DAO login information (i.e. private keys) and are fully responsible for all activities that occur under your account. If you lose, mishandle or have your private keys stolen, you acknowledge that you may not be able to recover associated digital assets and that we are not responsible for such loss.
   6. The Site may contain references or links to third-party resources, including, but not limited to, information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of the Interface. We do not endorse or assume any responsibility for any such resources or promotions. If you access any such resources or participate in any such promotions, you do so at your own risk and you expressly relieve us of any and all liability arising from your use of any such resources or participation in any such promotions.
5. Create a DAO
   1. To start creating the DAO, the User must log in to the Platform by connecting a cryptocurrency wallet (MetaMask or WalletConnect) and go to the «Create a DAO» section on the launchpad. Here the user specifies:
   • Name of the project;
   • Project symbol;
   • Users who will take part in the voting (crypto wallet address and the number of management tokens provided to each - GT).

   Please note that before creating a DAO, you must be connected to the desired blockchain network and your personal crypto wallet is also linked to this blockchain network.

   The number of governance tokens (GT) determines the weight of a DAO participant's vote.

   2. After adding participants, you need to select the Quorum, that is, the minimum value of GT, after which the decision will be considered accepted. For example, if the Quorum is 60, then the decision must be voted on members, having 60% governance tokens (GT).
   3. We have prepared detailed instructions for creating a DAO, located at https://docs.xdao.app. Please read it carefully before using the service.
6. Voting
   1. On the DAO home page, select the «Create voting» button.

   From the drop-down list, select any vote. Example: «Send ETH».

   The form will automatically generate a title that can be changed. We also recommend that you add a description in the description field yourself.

   To create a vote put your signature.

   Creating and signing a vote in XDAO is completely free. Payment for a transaction occurs only at the time of its activation because XDAO operates on a hybrid voting model. This means that not every operation is recorded in the blockchain, but only the final record of actions in the DAO.

   After creating a vote, you also automatically vote «yes». Other members will see the new vote as «In Progress». Now they will be able to take part in the vote by signing it in the same way.

   Once the quorum is reached, the status will change to «Ready to activate». Any of the participants can activate the vote. Gas fee for the transaction will be deducted from it.

   Important! Be sure to check the blockchain network your wallet is connected to before making a transaction.

   The status will change to «Activated».

   2. We have prepared a detailed instruction on the voting procedure, available at https://docs.xdao.app. Please read it carefully before voting on any DAO project.
7. Investment activity
   1. To begin the investment process, the DAO must first issue Liquidity Provider (LP) tokens.
   2. After creating an LP, the user can create private deals and public offers.
   1. Private Deals - Go to «Create voting» and select «Create Private Offer». Fill out the form and create a vote.

   After voting, you will see the number of private deals. Click «Private Offers» to see them in detail.

   As soon as a private deal is redeemed by the recipient, it will be automatically deactivated.

   2. Public Offers - After the release of LP tokens, you will see an «Init Public Offer» on your DAO home page.

   Please note: anyone can purchase an unlimited number of publicly offered LP.

   DAO can create an unlimited number of public offerings.

   Select «Initialize Public Offer», fill out the form, click «Create voting».

   After successful initialization, you will see your offer in the «Invest» section among other offers.

   Important! The price of the LP token in the public offer is fixed and is set once when this offer is created. We recommend following these simple steps to make your DAO economic model secure:

   1. Initialize a public offer to raise capital;
   2. Turn off the public sale as soon as you are satisfied with the raised capital;
   3. Let your raised capital work in DeFi;
   4. Repeat this cycle.
   3. We have prepared a detailed instruction on the investment procedure, located at https://docs.xdao.app. Please read it carefully before creating private deals and public offers.
8. Intellectual property rights

The Company grants the User a revocable, limited, royalty-free, non-exclusive, non-transferable and non-sublicensable license to access and use the Platform using Internet-enabled computers or devices.

The Company does not transfer ownership or intellectual property rights in any intellectual property to you or anyone else.

All text, graphics, user interfaces, visual interfaces, photographs, sounds, flowchart processes, computer codes, programs, software tools, information and documents, and the design, structure, selection, coordination, expression, appearance and layout of any content posted on the Site (the «Company Content») are the exclusive property of the Company protected by the laws of the Republic of Singapore and international copyright. You agree not to modify, copy, distribute, transmit, share, display, reproduce, publish, license, create derivative works from, transfer, sell or resell any Company Content, received from the Company or through the Company, without the permission of the Company.

You will not upload, post or otherwise make available on the Site or through the Services any material protected by copyright, trademark or other proprietary right without the express permission of the copyright, trademark or other proprietary right owner. You will indemnify the Company and its officers, directors, employees and agents for any claims by third parties for infringement of copyrights, trademarks, proprietary rights or any other damages resulting from such submission by you.

The Company name and all related names, logos, product and service names, designs and slogans are trademarks of the Company or its affiliates or licensors. You must not use such marks without the prior written permission of the Company. All other names, logos, product and service names, designs and slogans on this Site are trademarks of their respective owners.

9. Suspension, termination and cancellation

XDAO reserves right to deny Services to any user at its sole discretion unless bound by another written contract given that the User funds are safe and available to withdrawal with no or the least possible damage unless there is a legal provision that prescribes otherwise.

XDAO may suspend, restrict, or terminate your access to any or all of the Services if so, required by a valid subpoena, court order, or mandatory government order;

and/or we reasonably suspect that you use the Site or Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Services or that could damage, disable, overburden, or impair the functioning of the Site in any manner;

and/or we reasonably suspect that you are using the XDAO service in connection with a prohibited use or Business;

and/or use of your XDAO Account is subject to any legal proceeding, investigation or governmental proceeding;

and/or we believe that there is an increased risk of non-compliance with legal or regulatory requirements associated with your use of the XDAO service;

and/or our service partners cannot support your use;

or you violate one of the documents: Terms of Use, Privacy Policy.

10. Limitation of Liability

THE SERVICES ARE PROVIDED ON AN “AS IS” BASIS. WE DO NOT PROVIDE ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS REGARDING THE QUALITY OF THE SERVICES AND ASSOCIATED SOFTWARE (ON-CHAIN AND OFF-CHAIN) WHETHER IN TERMS OF FUNCTIONALITY, RELIABILITY, USABILITY, EFFICIENCY, MAINTAINABILITY, HARDWARE COMPATIBILITY, CONTINUOUS AND ERROR-FREE OPERATION, COMPLIANCE WITH THE REQUIREMENTS OR SPECIFIC BUSINESS GOALS ETC.

YOU ACKNOWLEDGE THAT YOUR DATA ON THE SITE OR THROUGH THE SERVICES MAY BECOME IRRETRIEVABLY LOST OR CORRUPTED OR TEMPORARILY UNAVAILABLE DUE TO A VARIETY OF CAUSES, AND AGREE THAT, TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE.

IN NO EVENT YOU WILL HOLD US LIABLE FOR ANY DERECT, INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR SIMILAR DAMAGES OR LIABILITIES WHATSOEVER (INCLUDING, WITHOUT LIMITATION INTAGIBLE DAMAGES, DAMAGES FOR LOSS OF DATA, LOSS OF FUNDS OR GOODWILL OR OTHER BUSINESS OR FINANCIAL BENEFIT) ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE AND SERVICES OR INABILITY TO USE THEM EVEN IF THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

YOU WILL DEFEND, INDEMNIFY, AND HOLD US HARMLESS AND OUR AFFILIATES' RESPECTIVE SHAREHOLDERS, MEMBERS, DIRECTORS, OFFICERS, EMPLOYEES, ATTORNEYS, AGENTS FROM ANY CLAIM, DEMAND, LAWSUIT, ACTION, PROCEEDING, INVESTIGATION, LIABILITY, DAMAGE, LOSS, COST OR EXPENSE, INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEYS' FEES, ARISING OUT OF OR RELATING TO YOUR USE OF, OR CONDUCT IN CONNECTION WITH, THE SITE AND SERVICES; YOUR VIOLATION OF THESE TERMS; YOUR VIOLATION OF APPLICABLE LAWS OR REGULATIONS; OR YOUR INFRINGEMENT OR MISAPPROPRIATION OF THE RIGHTS OF ANY OTHER PERSON OR ENTITY.

In case if the applicable law does not allow the exclusion or limitation of liability to the extend described our liability in such states is limited to the extent permitted by law.

The Company does not check the projects created on the XDAO platform and is not responsible for the activities of the created DAO projects to its creators, participants, the state and third parties with whom the DAO project has any legal relationship.

We do not own or control the underlying software protocols that are used in connection with the supported blockchain networks. In general, the underlying protocols are open-source and anyone can use, copy, modify, and distribute them. We are not responsible for the operation of the underlying protocols and make no guarantee of their functionality, security, or availability.

We have no control over any distributed ledger technology transactions and payments. You must ensure that you have a sufficient balance of the applicable network tokens stored at your wallets to complete any blockchain transaction before its initiation.

You understand that the markets for cryptocurrencies and digital assets are highly volatile. You acknowledge that the cost and speed of transacting with blockchain-based systems are variable and may increase or decrease, respectively, drastically at any time. You hereby acknowledge and agree that we are not responsible for any of these variables or risks associated with the blockchain protocols and cannot be held liable for any resulting losses that you experience while accessing or using the Interface.

The Parties are exempted from liability for failure to perform or improper performance of their obligations under this Agreement in the event of force majeure circumstances that directly or indirectly impede the execution of this Agreement, i.e. circumstances that are independent of the will of the Parties that they could not had been foreseen at the time of conclusion of the Agreement and prevented by reasonable means when they occur (force majeure).

11. Privacy Policy

The processing of personal data of users is regulated by the Privacy Policy published on the website.

When using the XDAO service in general, the Company does not store or process any personal data apart from which you willfully shared on your DAO page with the exception of the crypto wallet address, which is attached to the service and transaction data that you chose to broadcast via the Interface.

However, when sending messages to us by e-mail and messengers, the Company may process your personal data based on the Privacy Policy that you accept when you start using the service.

12. Governing Law and Dispute Resolution

This Agreement and the rights of the parties hereto shall be governed by and construed in accordance with the laws of Republic of Singapore. Any dispute arising from performance hereof or relating to this Agreement shall be resolved by the Parties through friendly negotiation. If the negotiation fails, either Party must submit the dispute to arbitration at the Singapore International Arbitration Centre in accordance with its applicable regulations and rules. The number of arbitrators shall be one who shall be selected by Company. The arbitral award shall be final for the parties. It shall not be allowed to submit a motion to a state court to make a decision on the lack of jurisdiction of the arbitral tribunal in connection with the issuance by the arbitral tribunal of a separate order on existence of jurisdiction as a matter of preliminary nature. The seat, or legal place, of arbitration shall be Singapore. The language to be used in the arbitral proceedings shall be English.

The Parties agree to conduct a mandatory pre-trial dispute resolution procedure by sending a claim to the Company's physical address or by e-mail address: legal@xdao.app.

13. Miscellaneous

Entire Agreement. These Terms (and any additional terms, rules and conditions of participation that may be posted on the Site) including the Privacy Policy constitute the entire agreement with respect to the Interface and supersedes any prior agreements, oral or written.

Survival. Upon termination of these Terms for any reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.

Severability. If any provision of this agreement is found invalid or unenforceable under applicable law, it shall be modified to the minimum extent necessary to make it valid and enforceable or, if it cannot be made valid and enforceable, it shall be severed and deleted from this Agreement. The change shall not affect the validity of the amended provision or the validity of any other provision of this agreement, which will continue in full force and effect.

No waiver. A party's failure or delay in enforcing any provision of this Agreement will not operate as a waiver of the right to enforce that provision or any other provision of this Agreement at any time. A waiver of any provision of this Agreement must be in writing, specify the provision to be waived and signed by the party agreeing to the waiver.

Notices. Any notice given under or in relation to this agreement to the User can be made by publishing it at the Site. Any notice made by the user can be sent to e-mail given in the Contact details section.

14. Contact details

XGROUP GLOBAL PTE. LTD.

Address: 10 Anson Road #20-05 International Plaza Singapore (079903)

UEN: 202112101H

Email:	Telegram:
hello@xdao.app	https://t.me/xdao_eng
legal@xdao.app	https://t.me/xdao_rus
compliance@xdao.app	https://t.me/xdao_cn
	https://t.me/xdao_fr
	https://t.me/xdao_tr