SLYCED Terms of Use

These Terms of Use ("Terms") govern your access to and use of the SLYCED platform ("SLYCED", "Platform", "we", "our", or "us"). By accessing or using SLYCED, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, please do not use the Platform.

1. Nature of the Platform

1.1 SLYCED is a digital platform that enables users to view, purchase, and trade fractionalized representations of ownership interests in real-world assets ("Assets") listed by independent third-party asset partners ("Asset Partners").

1.2 SLYCED does not issue, manage, hold or custody any physical assets. SLYCED does not act as a broker, custodian, fund manager, or financial advisor, nor are any returns or profits guaranteed. All capitals by users are at the user’s own risk. Asset Partners are responsible for the custody, valuation, and maturity of listed assets.

2. Eligibility

2.1 You must be at least 18 (or 21, in certain jurisdictions) years of age and have full legal capacity to enter into contracts to use SLYCED.

2.2 You must not be a citizen or resident of a jurisdiction where access to SLYCED or ownership of blockchain-based assets is restricted or prohibited by applicable laws. If you are a citizen of such jurisdictions, and attempt to use SLYCED, successfully or unsuccessfully, it is at your sole responsibility.

3. Wallet Connection and User Accounts

3.1 To use SLYCED, you must connect a compatible Web3 wallet (e.g., MetaMask, Coinbase Wallet or other, as specified on the Platform). Your wallet address functions as your identity on the Platform.

3.2 You are solely responsible for the security of your wallet and private keys. SLYCED does not store or manage your wallet credentials, and cannot control the contents within your wallet nor recover a lost wallet on your behalf.

4. Fractions and Asset Listings

4.1 Asset fractions on SLYCED are represented by non-fungible tokens (NFTs), termed as “Slyces” (“Slyce” for a single fraction) on the Platform.

4.2 Each fraction represents a digital ownership interest in a real-world asset, or as described by the Asset Partner. Ownership of fractions does not grant possession or control of the physical asset unless all 100% of fractions are owned by a single user who initiates a transfer request, or where the Asset Partner states explicitly on a listing. Depending on the total number of fractions a listed asset is represented, the number of fractions owned by the user represents the proportion of digital ownership of the asset.

4.3 Fraction prices are determined by Asset Partners during listing and may be updated by SLYCED to reflect latest market estimates. SLYCED does not guarantee any financial return or asset appreciation, and user capital is always at risk. SLYCED is not responsible for any complete or partial loss of user capital as a result of purchasing fractions.

5. Transfers and Restrictions

5.1 Fractions are not advised to be sent to wallet addresses outside of SLYCED. Transfers to wallets not registered with the Platform may render the fraction void and unrecoverable. In the case where fractions of an asset are sent to outside of SLYCED with no possibility of being sent back to a wallet registered with SLYCED, the loss of the fraction will be at the cost to the user.

5.2 Internal trading between SLYCED users is permitted through the Peer Offers section, subject to rules which may include pricing restrictions.

5.3 SLYCED reserves the right to restrict, suspend, or revoke user access in case of suspected abuse, fraud, or platform manipulation.

6. Maturity and Liquidation Events

6.1 "Maturity Estimation" is the anticipated time frame provided by the Asset Partner for potential sale or liquidation of an asset. It is not a guaranteed date, and not all assets are subject to a maturity date.

6.2 Upon liquidation, proceeds (if any) are distributed to fraction holders based on ownership percentages. Fractions will then be burned and delisted.

6.3 SLYCED is not responsible for the sale price, timing, or proceeds distribution, all of which are determined by the Asset Partner.

7. Fees and Gas Charges

7.1 SLYCED charges a transaction fee on all asset sales on new listings and peer to peer sales. Blockchain gas fees may apply and are at the responsibility of the user.

7.2 All fees will be transparently shown prior to any on-chain transaction.

8. User Conduct

8.1 You agree not to:

• Use SLYCED for unlawful or fraudulent purposes
• Circumvent platform rules or whitelisting controls
• Engage in wash trading, market manipulation, or false listings

8.2 Violations may result in account suspension or legal action

9. Intellectual Property

9.1 All content, branding, and interface elements on SLYCED are the intellectual property of SLYCED unless otherwise stated.

9.2 You may not copy, distribute, or modify any part of the Platform without prior written permission.

10. Disclaimers and Warranties

10.1 The Platform and all related services are provided on an "as is" and "as available" basis. SLYCED makes no warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, reliability, security, or compatibility of the Platform.

10.2 SLYCED remains under active development and certain features may still be in development. Users may experience bugs, interruptions, or performance limitations. SLYCED does not guarantee uninterrupted or error-free service.

10.3 Users accept all risks associated with the use of SLYCED or any third-party services connected to SLYCED. By creating an account or connecting a wallet, users acknowledge and accept these inherent risks.

10.4 SLYCED reserves the right to monitor user activity and transactions to detect, investigate, and report suspicious or unlawful behavior, including potential money laundering or other financial crimes, in accordance with applicable laws.

10.5 Users are fully responsible for the safekeeping and security of all fractions purchased on SLYCED. If a user transfers Fractions outside of the SLYCED Platform, whether intentionally or unintentionally, those Fractions may be considered forfeited unless returned to the Platform prior to the associated asset’s liquidation.

10.6 In the event that an asset reaches maturity and is sold while a fraction remains outside of SLYCED, that fraction shall be deemed void and ineligible for any distributions. No refund or compensation shall be provided for such forfeited fractions.

10.7 All fraction trades that occur outside of the Platform are still subject to SLYCED’s trading conditions and royalty fees as applicable. SLYCED reserves the right to enforce these terms where technically and legally feasible.

11. Limitation of Liability

11.1 To the fullest extent permitted by law in each applicable jurisdiction, SLYCED, its officers, directors, shareholders, employees, affiliates, and agents shall not be liable to the user for any direct, indirect, incidental, special, punitive, exemplary, or consequential damages, including but not limited to:

• Errors, mistakes, or inaccuracies in any content
• Personal injury or property damage resulting from your use of the SLYCED Platform
• Unauthorized access to or use of our servers or any personal or other information stored therein
• Interruption or cessation of transmission to or from the SLYCED Platform
• The use or display of any content or user content made available via the Platform
• Events beyond the reasonable control of SLYCED, including internet or equipment failures, labor disputes, civil unrest, acts of God, war, terrorism, governmental actions, or non-performance by third parties
• Loss of use, data, profits, goodwill, or other intangible losses resulting from the use or inability to use the SLYCED Platform

11.2 The user acknowledges and agrees that these limitations of liability are an agreed allocation of risk and form part of the basis for the provision of SLYCED services. These limitations apply even if SLYCED has been advised of the possibility of such damages.

12. Indemnity

12.1 You agree to indemnify, defend, and hold harmless SLYCED, its affiliates, and their respective officers, directors, employees, and agents from any claims, damages, liabilities, losses, costs, or expenses (including reasonable legal fees) arising out of or related to:

• Your access to or use of SLYCED
• Your breach of these Terms
• Any fraud, negligence, or misconduct committed by you

13. General Provisions

13.1 SLYCED may revise these Terms and modify SLYCED or its features at any time. Continued use of the Platform constitutes acceptance of the revised Terms.

13.2 These Terms, and all claims or disputes arising out of or in connection with them, shall be governed by and construed in accordance with the laws at which the Platform is registered in, without regard to its conflict of laws principles. The United Nations Convention on Contracts for the International Sale of Goods does not apply. To the maximum extent permitted by law, disputes must be resolved on an individual basis. You agree not to participate in any class action or representative legal proceeding against SLYCED.

13.3 SLYCED may provide you with notices through the Platform, via email, or using other contact information you have provided.

13.4 No agency, partnership, joint venture, employer-employee, or franchisor-franchisee relationship is intended or created between you and SLYCED by these Terms.

13.5 These Terms, together with the Privacy Policy and any other legal notices or additional terms published by SLYCED, constitute the entire agreement between you and SLYCED regarding the use of SLYCED.

13.6 SLYCED may assign or transfer its rights and obligations under these Terms to a third party without notice or consent. You may not assign your rights or obligations without SLYCED’s prior written consent. Any unauthorized assignment will be null and void.

13.7 If any provision of these Terms is held to be invalid, unlawful, or unenforceable, that provision shall be severed and the remaining provisions shall remain in full force. No waiver of any breach or default shall be deemed a waiver of any subsequent breach or default.

13.8 These Terms are written in English. If any translated version conflicts with the English version, the English version shall prevail.

14. Governing Law

14.1 These Terms shall be governed by and construed in accordance with the laws of the country of the Platform’s incorporation.

14.2 Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the courts of the country of the Platform’s incorporation.

15. Contact

For any questions or concerns, please contact hello@slyced.xyz