Legal / Important Notice
Important Notice
Effective September 17, 2024
The SWAG ecosystem, which includes The Swag Group, Swag Token, and The Swag App, operates on an internet-based distributed ledger and computing platform composed of various evolving components contributed by a wide variety of participants. The SWAG ecosystem continues to grow and change through the efforts of its community.
The Swag Group, LLC and its subsidiaries (“The Swag Group,” “we,” and “our”) are active members of that community. We contribute to the ongoing development, implementation, and maintenance of the SWAG ecosystem by funding, publicizing, and encouraging the following activities, among other things:
- Developing and implementing different types of software, such as smart contracts and dApps, subnets, APIs, utilities and upgrades, bridges to other blockchains, and wallet software, as well as helping others do the same;
- Staking tokens and operating one or more nodes/validators;
- Creating written, video, and other content on our website, various social media platforms, and elsewhere; and
- Serving as an overall resource to the community in a variety of ways.
We also provide support to various initiatives within the SWAG ecosystem, for which we receive compensation. We, as well as our employees and other people and organizations associated with us, may give, receive, lend, borrow, purchase, and sell SWAG tokens and other crypto assets (whether fungible or nonfungible tokens) created on or associated with the SWAG ecosystem and the smart contracts and dApps that run on it. Such transactions and transfers may occur in private sales, in open market transactions, and/or through DeFi protocols and other means. We may offer or receive preferential pricing in certain transactions, usually based on volume.
All of the above software, content, and activities are referred to in this Notice as our “Software, Content, and Activities.” Sometimes we are paid in connection with our Software, Content, and Activities, while other times we are not. We are a for-profit company.
First, the legalese:
Unless specified otherwise, The Swag Group makes no representation, warranty, guarantee, or undertaking in respect of the SWAG ecosystem or any of our Software, Content, and Activities, whether expressed or implied, including but not limited to the warranties of compliance, accuracy, reliability, validity, merchantability, fitness for a particular purpose, quality, availability, durability, and noninfringement, or as to any of it being uninterrupted, error-free, free of harmful components, or secure. The Swag Group is not liable for or in connection with any actions, proceedings, claims, damages, expenses, or other liabilities, whether in an action of contract, tort, or otherwise, arising from, related to, or in connection with the SWAG ecosystem or our Software, Content, and Activities or the use or other dealings in or with any of them or reliance thereon.
To avoid confusion, we want the general public to understand the following:
- The SWAG ecosystem is a decentralized, permissionless platform. It has no single source of truth, no single point of failure, and no person or authority that alone has the ability or power to make changes to the data, software, or smart contracts that are part of the blockchain or to admit users. The Swag Group has no greater inherent power than any other participant to add to, alter, or otherwise interfere with the public blockchain. We do not control it or have the ability to change data, transfers, or anything else recorded to the blockchain. The same holds true for any subnets and side chains.
- When you use the SWAG ecosystem, it is entirely at your own risk.
- Do your own research before using or engaging with the SWAG ecosystem, any validators, any subnets, or our Software, Content, and Activities. Read widely. Stay on top of updates and developments.
- Unless we tell you otherwise in writing, we are not responsible for, and make no representations or warranties regarding, the SWAG ecosystem, its functioning, any activities or transactions conducted, or smart contracts operating on it or any software associated with it (whether or not it is our Software, Content, and Activities).
- We attempt to comply with applicable laws, rules, and contractual obligations with respect to all of our Software, Content, and Activities. However, that landscape is constantly changing and differs jurisdiction by jurisdiction. It is your responsibility to conduct your own inquiry to ensure that your activity as it relates to the SWAG ecosystem complies with all applicable laws, rules, and contractual obligations.
- Among other things, you will need to comply with all terms and conditions, software licenses, specifications, and programming associated with anything you use.
- You alone are responsible for your SWAG blockchain wallet’s private/secret keys and seed phrases. Please avoid losing them or sharing them with anyone else. Once lost, there is nothing that can be done to recover access to your blockchain wallet.
- Any time we link to, quote, or otherwise reference a third party or reproduce or incorporate their information, content, or material, it is solely for informational purposes and we have not verified its accuracy.
- We cannot stress this enough: be careful and always do your own due diligence before engaging with the SWAG ecosystem and all its components, smart contracts, dApps, subnets, and utilities, regardless of who built or implemented them, including but not limited to any wallets used in connection with it. In other words, be curious. Don’t leave any stone unturned, and don’t assume that something is correct or will function a certain way without verifying.
- When we talk about future ideas or prospects, we are expressing our vision and hopes, and there is no commitment or guarantee that it will come true, that we will implement any of it, or that it will work. The world changes quickly, and technology at an even faster pace, so we have no idea how things will turn out, and our aspirations and predictions may be unreliable. Look carefully at the date of things because after that date, things might have changed. A lot.