The Website enables users to access open-source documentation and related services, including (without limitation)
resources, data and computation services, information about the decentralized network, and resources for the SolanaLite community
(the "Services"). Some Services offered by us require payment or otherwise involve the use of an underlying blockchain or other
decentralized or permission infrastructure ("Distributed Ledger Technology"), which may require that you pay a fee, such as "gas"
charges on the Solana network, for the computational resources necessary to perform a transaction on the particular Distributed Ledger
Technology (such payments and fees, "Charges"). You acknowledge and agree that SolanaLite has no control over any Distributed Ledger
Technology transactions, the payment method of any Charges, if applicable, or any actual payments of Charges, if applicable. Accordingly,
you must ensure that you have a sufficient balance of the applicable Distributed Ledger Technology network tokens stored at your Distributed
Ledger Technology-compatible wallet address ("Distributed Ledger Technology Address") to complete any transaction on the Solana Network or the
Distributed Ledger Technology before initiating such a transaction.
2. Your Representations And Warranties; Conditions
You must be able to form a legally binding contract online either on behalf of a company or as an individual to use the Website or the Services. Accordingly,
you represent that you have the legal authority to bind the company or other legal entity to these Terms (if you agree to these Terms on behalf of a company or
other legal entity). You are at least 18 years old (or the age of majority where you reside, whichever is older), can form a legally binding contract online, and
have the full right, power, and authority to enter into and comply with the obligations under these Terms. Additionally, you represent and warrant that you are not
a citizen or resident of a state, country, territory, or other jurisdiction that Switzerland embargoes or where your use of the Website or the Services would be
illegal or otherwise violate any domestic or foreign law, rule, statute, regulation, by-law, order, protocol, code, decree, or other directives, requirement or
guideline, published or in force which applies to or is otherwise intended to govern or regulate any person, property, transaction, activity, event or other
matter, including any rule, order, judgment, directive or other requirement or guideline issued by any domestic or foreign federal, provincial or state,
municipal, local or other governmental, regulatory, judicial or administrative authority having jurisdiction over SolanaLite, you, the Website or the Services,
or as otherwise duly enacted, enforceable by law, the common law or equity ("Applicable Law").
As a condition to accessing or using the Services or the Website, you represent, warrant and agree that you: (i) will only use the Services and the Website for lawful purposes and in accordance with these Terms; (ii) will ensure that all information that you provide on the Website is current, complete, and accurate; (iii) will maintain the security and confidentiality of access to your Distributed Ledger Technology Address; (iv) will identify and assess the accuracy, availability and quality of data that you choose to consume via the Solana Network; and (v) agree (A) that no Protected Party (defined below) will be responsible for any loss or damage incurred as the result of any interactions you have with other users of the Website, Services or the Solana Network, including any loss of SolanaLite's utility tokens ("SLITE Tokens"), any other tokens or other unit of value; and (B) if there is a dispute between you and any other site or other user, no Protected Party will be under any obligation to become involved.
As a condition to accessing or using the Website or the Services, you represent, warrant and agree that you will not: (1) violate any Applicable Law, including, without limitation,
any relevant and applicable anti-money laundering and anti-terrorist financing laws and any relevant and applicable privacy and data collection laws, in each case as may be amended;
(2) export, reexport, or transfer, directly or indirectly, any SolanaLite technology or Solana Network data in violation of applicable export laws or regulations; (3) infringe on or
misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Website or the Services; (4) misrepresent the truthfulness, sourcing or
reliability of any content on the Website or through the Services; (5) use the Website or Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other
users from fully enjoying the Website, Services or the Solana Network, or that could damage, disable, overburden, or impair the functioning of the Website, Services or the Solana
Network in any manner; (6) attempt to circumvent any content filtering techniques or security measures that SolanaLite employs on the Website or the Services, or attempt to access
any service or area of the Website or the Services that you are not authorized to access; (7) use any robot, spider, crawler, scraper, or other automated means or interface
not provided by us, to access the Website or Services or to extract data; (8) introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor,
shutdown mechanism or other harmful material into the Website or the Services; (9) post content or communications on the Website or through the Services (including User Content
(as defined below)) that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful,
threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable or in violation of the SolanaLite Community Code of Conduct;
(10) post content on the Website or through the Services containing unsolicited promotions, political campaigning, or commercial messages or any chain messages or user content designed
to deceive or trick the user of the Service; or (11) encourage or induce any third party to engage in any of the activities prohibited under these Terms.
You represent and warrant that you:
- Have the necessary technical expertise and ability to review and evaluate the security, integrity, and operation of any SLITE Tokens that you decide to acquire, sell or use.
- Have the knowledge, experience, understanding, professional advice, and information to make your evaluation of the merits, risks, and applicable compliance requirements under the Applicable Law of any SLITE Token.2. Have the knowledge, experience, understanding, professional advice, and information to make your evaluation of the merits, risks, and applicable compliance requirements under the Applicable Law of any SLITE Token.
- Know, understand and accept the risks associated with your use of the Solana Network, your Distributed Ledger Technology Address, the Distributed Ledger Technology, SLITE Tokens, and other network tokens, including the risk of mining attacks such as "double-spend attacks," "majority mining power attacks," "selfish-mining attacks," "race condition attacks" and the risks identified in Section 14 below.
The Solana Network enables access to data from multiple sources, and you acknowledge and agree that the accuracy, availability, or quality of data provided via the SolanaLite
Network may be impacted by various factors, including the result of the underlying data being of low quality, volatile, or otherwise compromised at the data source.
3. Proprietary Rights
Excluding any open source software or third-party software that the Website or the Services incorporates, as between you and SolanaLite, SolanaLite owns the Website and the Services, including all technology, content, and other materials used, displayed, or provided on the Website (including all intellectual property rights), and hereby grants you a limited, revocable, non-transferable, license to access and use those portions of the Website and the Services that are proprietary to SolanaLite following their intended uses and using their designated public interfaces.
Your use of the Website, Services, and/or the Solana Network is subject to. Certain of the Services are governed by the most recent version of the open-source license, a copy of which (as it applies to the Website and the Services) can be found at: Github.com (as of the date these Terms were last updated) and any other applicable licensing terms for the Website and the Services in these Terms (collectively, the SolanaLite License"). You acknowledge that the Website, the Services, or the Solana Network may use, incorporate or link to specific open-source components. You will comply with applicable open-source licenses that govern any such open-source components (collectively, "Open-Source Licenses"). Without limiting the generality of the foregoing, you may not resell, lease, lend, share, distribute, or otherwise permit any third party to use the Website or the Services or otherwise use the Website or the Services in a manner that violates the SolanaLite License or any other Open-Source Licenses.
SolanaLite's product or service names, logos, and other marks used on the Website or as a part of the Services, including SolanaLite's name and logo, are trademarks owned by SolanaLite, its affiliates, or its applicable licensors. You may generally use SolanaLite's name and logo to refer to SolanaLite's products or services, provided that it does not suggest or imply sponsorship or approval by SolanaLite. You may also indicate the relationship of your products and services to SolanaLite's products or services by using an accurate, descriptive term in connection with your product or service. You may not use SolanaLite's name and logo in a manner that may cause confusion with others or result in genericization. SolanaLite reserves its right to prohibit using the SolanaLite marks by anyone we believe misuses our trademarks. Except as provided in the foregoing, you may not copy, imitate, or use SolanaLite patterns without SolanaLite's (or the applicable licensor's) prior written consent.
SolanaLite will be free to use, disclose, reproduce, license, and otherwise distribute and exploit any suggestions, comments, or other feedback provided by you to SolanaLite with respect to the Website or Services ("Feedback") provided to it as it sees fit, entirely without obligation or restriction of any kind, on account of intellectual property rights or otherwise.
4. User Content
SolanaLite allows users to distribute streaming live and pre-recorded audio-visual works, to use services, such as chat, bulletin boards, forum or blog postings, wiki contributions, and to participate in other activities in which you may create, post, transmit, perform, or store content, videos or other materials through the Website ("User Content"). All User Content must comport with these Terms and the SolanaLite Community Code of Conduct.
If you submit, transmit, display, perform, post, or store User Content using the Website, you grant SolanaLite and its sublicensees to the fullest extent and for the maximum duration permitted by Applicable Law (including in perpetuity if permitted under Applicable Law), an unrestricted, worldwide, irrevocable, fully-sublicensable, non-exclusive, and royalty-free right to (a) use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such User Content in any form, format, media or media channels now known or later developed or discovered; and (b) use the name, identity, likeness and voice (or other biographical information) that you submit in connection with such User Content. Should such User Content contain the name, identity, likeness, and voice (or other biographical information) of third parties, you represent and warrant that you have obtained the appropriate consents and/or licenses for your use of such features and that SolanaLite and its sublicensees are allowed to use them to the extent indicated in these Terms. To the furthest extent permitted by Applicable Law, you hereby agree that SolanaLite shall not be liable for any unauthorized copying, use, or distribution of User Content by third parties and release and forever waive any claims you may have against SolanaLite for any such unauthorized copying or usage of the User Content, under any theory.
You are solely responsible for your User Content and the consequences of posting or publishing it. You represent and warrant that:
- You are the creator and owner of the User Content or otherwise have sufficient rights and authority to grant the rights granted herein.
- Your User Content does not and will not (a) infringe, violate, or misappropriate any third-party right, including any copyright, trademark, patent, trade secret, moral right, privacy right, right of publicity, or any other intellectual property or proprietary right or (b) defame any other person.
- Your User Content does not contain viruses, adware, spyware, worms, or other harmful or malicious code.
SolanaLite reserves all rights and remedies against users who breach these representations and warranties.
5. Changes; Suspension; Termination
The Solana Network is intended to be decentralized and self-operating, with or without any Services provided by SolanaLite. Accordingly, we may, at our sole discretion, from time to time and with or without prior notice to you, modify, suspend or disable, temporarily or permanently, the Services offered by SolanaLite, in whole or in part, for any reason whatsoever, including, but not limited to, as a result of a security incident.
We will not be liable for any losses suffered by you resulting from any modification to any Services or from any suspension or termination, for any reason, of your access to all or any portion of the Website or the Services.
All of these terms will survive any termination of your access to the Website or the Services, regardless of the reasons for its expiration or termination, in addition to any other provision which by law or by its nature should survive.
6. Electronic Notice
You consent to receive all communications, agreements, documents, receipts, notices, and disclosures electronically (collectively, our "Communications") that we provide in connection with these Terms or any Services. You agree that we may provide our Communications to you by posting them on the Website or through the Services or by emailing them to you at the email address you provide in connection with using the Services. You should maintain copies of our communications by printing a paper copy or saving an electronic copy. You may also contact our support team to request additional electronic copies of our Communications by filing a support request at firstname.lastname@example.org.
You will defend, indemnify, and hold harmless SolanaLite, our affiliates, and our and our affiliates' respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers, licensors, and contractors (collectively, Protected Parties") 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 Website, Services, the Solana Network or SLITE Tokens, Distributed Ledger Technology assets associated with your Distributed Ledger Technology Address, any other digital assets, any Feedback or User Content; your violation of these Terms; your violation of Applicable Law or regulations; or your infringement or misappropriation of the rights of any other person or entity. If you are obligated to indemnify any Protected Party, SolanaLite (or, at its discretion, the applicable Protected Party) will have the right, in its sole discretion, to control any action or proceeding and to determine whether SolanaLite wishes to settle and if so, on what terms.
8. Disclosure; Disclaimer
SolanaLite is a developer of open-source software. SolanaLite does not operate a virtual currency or derivatives exchange platform or offer trade execution or clearing services and therefore has no oversight, involvement, or control with respect to your transactions, including SLITE Token purchases and sales.
You are responsible for complying with all laws and regulations applicable to your transactions, including, but not limited to, the Commodity Exchange Act and the regulations promulgated thereunder by the U.S. Commodity Futures Trading Commission ("CFTC") and the federal securities laws and the regulations promulgated thereunder by the U.S. Securities and Exchange Commission ("SEC").
You understand that SolanaLite is not registered or licensed by the CFTC, SEC, or any financial regulatory authority. No financial regulatory authority has reviewed or approved the use of the SolanaLite open-source software. The Website, the Services, and the SolanaLite open-source software do not constitute advice or recommendations concerning any commodity, security, or asset. SolanaLite is not acting as an investment adviser or commodity trading adviser to any person.
SolanaLite does not own or control the underlying software protocols used with the SLITE Tokens. The underlying protocols are open-source, and anyone can use, copy, modify, and distribute them. SolanaLite is not responsible for operating the underlying protocols, and SolanaLite makes no guarantee of their functionality, security, or availability.
To the maximum extent permitted under Applicable Law, the Website and the Services (and any of their content or functionality) provided by or on behalf of us are provided on an "AS IS" and "AS AVAILABLE" basis. We expressly disclaim, and you hereby waive, any representations, conditions, or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including, without limitation, the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Website or the Services (including any related data) will be uninterrupted, available at any particular time, or error-free. Further, we do not warrant that errors in the Website or the Service are correctable or will be corrected.
You acknowledge that your data on the Website 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 caused by denial-of-service attacks, software failures, viruses or other technologically harmful materials (including those which may infect your computer equipment), protocol changes by third-party providers, Internet outages, force majeure events or other disasters, scheduled or unscheduled maintenance, or other causes either within or outside our control.
The disclaimer of implied warranties contained in these Terms may not apply if and to the extent such warranties cannot be excluded or limited under the Applicable Law of the jurisdiction in which you reside.
9. Exclusion Of Consequential And Related Damages
In no event will SolanaLite, together with any Protected Party, be liable for any incidental, indirect, special, punitive, exemplary, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, goodwill, profits or other business or financial benefit) arising out of or in connection with the Website, the Services and the Solana Network (and any of their content and functionality), any execution or settlement of a transaction, any performance or nonperformance of the Services, your Distributed Ledger Technology assets, other digital assets, SLITE Tokens or any other product, service or other item provided by or on behalf of a Protected Party, whether under contract, tort (including negligence), civil liability, statute, strict liability, breach of warranties, or under any other theory of liability, and whether or not any Protected Party has been advised of, knew of or should have known of the possibility of such damages and notwithstanding any failure of the essential purpose of these Terms or any limited remedy nor is SolanaLite in any way responsible for the execution or settlement of transactions between users of SolanaLite open-source software or the Solana Network.
10. Limitation Of Liability
In no event will the Protected Parties' aggregate liability arising out of or in connection with the Website, the Services, and the Solana Network (and any of their content and functionality), any performance or nonperformance of the Services, your Distributed Ledger Technology assets, other digital assets, SLITE Tokens or any other product, service or other item provided by or on behalf of a Protected Party, whether under contract, tort (including negligence), civil liability, statute, strict liability or other theory of liability exceed the amount of fees paid by you to us under these Terms in the twelve (12) month period immediately preceding the event giving rise to the claim for liability.
To the extent permitted by applicable law, in consideration for being allowed to use the Website, the Services, and/or the Solana Network, you hereby release and forever discharge SolanaLite and all Protected Parties from, and hereby waive and relinquish, each and every past, present and future dispute, claim, controversy, demand, right, obligation, liability, action and cause of action of every kind and nature (including personal injuries, death, and property damage), that has arisen or arises directly or indirectly out of, or that relates directly or indirectly to, the Website, the Services and/or the Solana Network (including any interactions with, or act or omission of, other Website or Solana Network users or any third-party services). YOU HEREBY WAIVE ANY APPLICABLE PROVISION IN LAW OR REGULATION IN CONNECTION WITH THE FOREGOING, WHICH STATES IN SUBSTANCE: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR."
12. Dispute Resolution and Arbitration
Please read the following section carefully because it requires you to arbitrate certain disputes and claims with SolanaLite and limits how you can seek relief from us unless you opt out of arbitration by following the instructions. In addition, arbitration precludes you from suing in court or having a jury trial.
You and SolanaLite agree that any dispute arising out of or related to these Terms or our Services is personal to you and SolanaLite and that any dispute will be resolved solely through individual action and will not be brought as a class arbitration, class action, or any other type of representative proceeding.
Except for minor claims disputes in which you or SolanaLite seeks to bring an individual action in small claims court located in the county or other applicable jurisdiction where you reside or conflicts in which you or SolanaLite seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, you and SolanaLite waive your rights to a jury trial and to have any dispute arising out of or related to these Terms or our Services resolved in court. Instead, for any dispute or claim you have against SolanaLite or relating to the Services, you agree first to contact SolanaLite and attempt to resolve the claim informally by sending a written notice of your claim ("Notice") to SolanaLite by email at email@example.com. The notice must include your full name, residence address, email address, describe the nature and basis of the claim, and set forth the specific relief sought. Our notice to you will be similar in form to that described above. Suppose you and SolanaLite cannot reach an agreement to resolve the claim within thirty (90) days after such notice is received. In that case, either party may submit the dispute to binding arbitration administered by the American Arbitration Association ("AAA") or, under the limited circumstances set forth above, in court. All disputes submitted to AAA will be resolved through confidential, binding arbitration before one arbitrator. Arbitration proceedings will be held in the Cayman Islands by the AAA Consumer Arbitration Rules ("AAA Rules"). The most recent version of the AAA Rules is available on the AAA website and is hereby incorporated by reference. You either acknowledge and agree that you have read and understand the AAA Rules or waive your opportunity to read the AAA Rules and waive any claim that the AAA Rules are unfair or should not apply.
You and SolanaLite agree that the enforceability of this Section 12 will be substantively and procedurally governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. (the "FAA"), to the maximum extent permitted by applicable law. As limited by the FAA, these Terms, and the AAA Rules, the arbitrator will have exclusive authority to make all procedural and substantive decisions regarding any dispute and to grant any remedy that would otherwise be available in court, including the power to determine the question of arbitrability. The arbitrator may conduct only an individual arbitration and may not consolidate more than one individual's claims, preside over any class or representative proceeding or preside over any proceeding involving more than one individual.
The arbitrator, SolanaLite, and you will maintain the confidentiality of any arbitration proceedings, judgments and awards, including, but not limited to, all information gathered, prepared, and presented for purposes of the arbitration or related to the disputes. The arbitrator will have the authority to make appropriate rulings to safeguard confidentiality unless the law provides to the contrary. The duty of confidentiality does not apply to the extent that disclosure is necessary to prepare for or conduct the arbitration hearing on the merits, in connection with a court application for a preliminary remedy, or connection with a judicial challenge to an arbitration award or its enforcement, or to the extent that disclosure is otherwise required by law or judicial decision.
You and SolanaLite agree that you will pay the filing fee for any arbitration you initiate, and SolanaLite will pay the remaining AAA fees and costs. For any arbitration initiated by SolanaLite, SolanaLite will pay all AAA fees and expenses. You and SolanaLite agree that the courts of Switzerland sitting in Switzerland have exclusive jurisdiction over any appeals and the enforcement of an arbitration award.
Any claim arising out of or related to these Terms or our Services must be filed within one year after such claim arose; otherwise, the claim is permanently barred, which means that you and SolanaLite will not have the right to assert the claim.
You have the right to opt-out of binding arbitration within 30 days of the date you first accepted the terms of this Section 12 by emailing us at firstname.lastname@example.org. In order to be effective, the opt-out notice must include your full name and address and indicate your intent to opt out of binding arbitration.
Suppose any portion of this Section 12 is unenforceable or unlawful. In that case, the illegal or unenforceable provision will be severed from these Terms, severance of the unlawful or unenforceable provision will have no impact whatsoever on the remainder of this Section 12 or the parties' ability to compel arbitration of any remaining claims on an individual basis under this Section 12, and to the extent that any claims must therefore proceed on a class, collective, consolidated, or representative basis, such claims must be litigated in a civil court of competent jurisdiction and not in arbitration. The parties agree that litigation of those claims will stay pending the outcome of any individual claims in arbitration. Further, if any part of this Section 12 prohibits an individual claim seeking public injunctive relief, that provision will have no effect to the extent such relief is allowed to be sought out of arbitration, and the remainder of this Section 12 will be enforceable. By opting out of binding arbitration, you agree to resolve disputes under Section 12.
13. Governing Law
The interpretation and enforcement of these Terms, and any dispute related to these Terms, the Website, or the Services, will be governed by and construed and enforced following the laws of Switzerland, as applicable, without regard to conflict of law rules or principles (whether of Switzerland or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. You agree that we may initiate a proceeding related to the enforcement or validity of our intellectual property rights in any court having jurisdiction. With respect to any other proceeding that is not subject to arbitration under these Terms, the courts located in Switzerland will have exclusive jurisdiction. You waive any objection to venue in any such courts.
14. Risk Factors
You acknowledge the following serious risks to any use of the Website or the Services or the SLITE Token and expressly agree not to hold any Protected Parties liable should any of the following risks occur:
Risk of Regulatory Actions in One or More Jurisdictions: The Website or the Services or the SLITE Token could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of SolanaLite to continue to develop the Website or Services, or which could restrict or limit your ability to use the Website or Services or the SLITE Token.
Risk of Alternative, Unofficial Solana Networks: It is possible that alternative Solana-based networks could be established which utilize the same open-source code and open-source protocol underlying the SolanaLite Network and/or Services. The Solana Network may compete with these alternative SolanaLite-based networks, potentially negatively impacting the Solana Network, the Services, and/or the SLITE Token.
Risk of Insufficient Interest in the SolanaLite Project or Distributed Features: It is possible that SolanaLite will not be used by a large number of external businesses, individuals, and other organizations and that there will be a limited public interest in the creation and development of distributed features. Such a lack of interest could impact the development of SolanaLite and the potential uses of SLITE Tokens. SolanaLite cannot predict the success of its development efforts or the efforts of other third parties.
The risk that the Website and Services, as Developed, Will Not Meet the User's Expectations: You recognize that the Website, Services, and the SolanaLite project are under development and may undergo significant changes over time. You acknowledge that any expectations regarding the form and functionality of the SolanaLite project held by you may not be met for any number of reasons, including a change in the design and implementation plans, specifications, and execution of the implementation of the Website, Services, or the Solana Network.
Risk of Security Weaknesses in the Solana Network Core Infrastructure Software: The Website, Services, and the Solana Network rest on open-source software, and there is a risk that the Protected Parties, or other third parties not directly affiliated with SolanaLite, may introduce weaknesses or bugs into the core infrastructural elements of the Website, Services or the Solana Network causing the system to lose SLITE Tokens stored in one or more of your accounts or other accounts or lose sums of other valued tokens. Furthermore, despite our reasonable faith efforts to develop and maintain the Website, Services, and the Solana Network, the Website, Services, and the Solana Network may experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Website, Services, the Solana Network and SLITE Token.
Risk of Weaknesses or Exploitable Breakthroughs in the Field of Cryptography: Cryptography is an art, not a science. And state of the art can advance over time. Advances in code cracking, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Website, Services, and the Solana Network, resulting in the theft or loss of SLITE Tokens. To the extent within its control and otherwise possible, SolanaLite intends to update the protocol underlying the Services and the Solana Network to account for any advances in cryptography and to incorporate additional security measures. Still, it cannot predict the future of cryptography or guarantee that any security updates will be timely or successful.
Risk of Blockchain Network Attacks: Any blockchain used for the Services and/or the Solana Network may be susceptible to mining attacks, including but not limited to: double-spend attacks, reorganizations, majority mining power attacks, "selfish-mining" attacks, and work race condition attacks. Any successful attacks present a risk to the Services, the Solana Network, expected proper execution and sequencing of transactions, and expected performance and sequencing of contract computations. Known or novel mining attacks may be successful.
Risk of Rapid Adoption and Insufficiency of Computational Application Processing Power of the Services and the Solana Network: If the Services and/or the Solana Network are rapidly adopted, the demand for transaction processing and distributed application computations could rise dramatically and at a pace that exceeds the rate with which SolanaLite services can be provided. Under such a scenario, the Services and Solana Network could become destabilized. In turn, this could dampen interest in the Services, the Solana Network, and SLITE Tokens.
Risks Associated with New and Evolving Laws: The Solana Network, and by extension the Website and Services, may be subject to a variety of international laws and regulations, including those with respect to financial or securities regulations, consumer privacy, data protection, consumer protection, content regulation, network neutrality, cyber security, data protection, intellectual property (including copyright, patent, trademark and trade secret laws), defamation, and others. Such laws and regulations could change, and these laws and regulations could be interpreted or applied. In addition, new laws or regulations affecting SolanaLite could be enacted. As the Website, Services, and Solana Network evolve, we may be subject to new laws, and existing laws' applications might change. These laws and regulations are frequently costly to comply with and may divert a significant portion of SolanaLite's attention and resources or restrict the way SolanaLite may operate. If we fail to comply with these applicable laws or regulations, we could receive negative publicity and be subject to significant liabilities which could adversely impact the Website, Services, the Solana Network, and SLITE Tokens. Additionally, SolanaLite node operators of the Solana Network may be subject to industry-specific laws and regulations or licensing requirements. If any of these parties fail to comply with any of these licensing requirements or other applicable laws or regulations, or if such laws and regulations or licensing requirements become more stringent or are otherwise expanded, the Solana Network and/or SLITE Tokens could be adversely impacted.
Market Risks: SLITE Tokens are intended to be used solely in connection with the Solana Network, and we do not support or otherwise facilitate any secondary trading or external valuation of SLITE Tokens. This restricts the contemplated avenues for using SLITE Tokens and could therefore create illiquidity risk to SLITE Tokens you hold. Even if third-party exchanges facilitate secondary trading of SLITE Tokens, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to market-related risks. Furthermore, to the extent that third parties do ascribe an external exchange value to SLITE Tokens (e.g., as denominated in a digital or fiat currency), such value may be highly volatile and diminish to zero.
Specific Risks Relating to Value and Function of SLITE Tokens: The utility benefits of using SLITE Tokens to access services provided by SolanaLite node operators can only materialize through user-driven adoption over time. Such adoption depends on various factors, including the pace of user adoption the organic community-driven expansion of the SolanaLite Network. The extent of user adoption is entirely outside our control and cannot be stated with any certainty. The price of SLITE Tokens may fluctuate in response to competitive and market conditions affecting the general supply of and demand for user-requested services. These conditions are beyond our control. The value of SLITE Tokens on the Solana Network may be lower than its purchased price. The utility of SLITE Tokens, and any value associated with that utility, will depend on the Solana Network's ability to facilitate user-requested services adequately. Inadequate supply may result in such services taking more time, while inadequate demand may make it difficult to obtain services, discouraging participation in the Solana Network. The compensation for providing SolanaLite node services in the Solana Network will depend on the resale price for the SLITE Tokens received for such services, which may be lower than the compensation that might have been received through other arrangements. No promises of future performance or value are or will be made with respect to SLITE Token, including no promise of inherent value, no promise of continuing payments, and no guarantee that SLITE Token will hold any particular value.
Unanticipated Risks: Cryptographic tokens such as SLITE Tokens are a new and untested technology. In addition to the risks included in these Terms, there are other risks associated with the Services, the Solana Network, and SLITE Tokens, including those that SolanaLite cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in these Terms.
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