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Terms of Service
We do not make any warranties or representations of any kind with regard to the Tokens, and we expressly disclaim all warranties and representations relating to the Tokens, whether express or implied, including, without limitation, any implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement.
The Tokens are provided on an «as is» and «as available» basis. There is no guarantee that the Tokens will perform as expected or hold any particular value or price. The Tokens may lose some or all of their value. We do not make any promises with respect to the Tokens, their price, value, supply amount, performance, etc. We cannot and do not influence the price of the Tokens or their performance, and assume no liability to any person for the Tokens, their performance, value or loss in value, or the use, or inability to use the Tokens. We cannot and will not provide a refund for the Tokens or any virtual assets associated with our game, technologies, or company.
The Token is not an investment, security, share or equity interest, debt or loan, nor a derivative instrument of any of the foregoing. Neither the Materials nor anything communicated or provided by us constitutes a prospectus or offering document, or is an offer to sell or solicitation of an offer to buy Tokens or any other asset.
Unless otherwise specified, the Tokens do not provide any person with the rights of any type with respect to us or our affiliates, their revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial or legal rights, nor are the Tokens intended to provide any person with any other rights of any type. The Tokens are not a loan and do not provide any right of ownership or other interest.
THE TOKENS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS THE TOKENS ARE NOT SECURITIES. THEY ARE UTILITY TOKENS. Unless expressly allowed by us at our discretion, Tokens cannot be received, used, or held by, transferred or sold to, a person which is (i) the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States or any other applicable jurisdictions, (ii) located, organized, or resident in any country or territory that is the subject of country-wide or territory-wide sanctions, (iii) listed in any sanctions-related list of sanctioned persons, including, but not limited to, those maintained by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States, (iv) located, organized, or resident in Cuba, the Democratic People’s Republic of North Korea, Hong Kong SAR, the Islamic Republic of Iran, Libya, the People's Republic of China, South Sudan, Sudan (North), Syria, The Crimea, any jurisdiction in which the acquisition and/or ownership of Tokens is prohibited by applicable law, or (v) directly or indirectly owned or controlled by any person or persons described above.
The Project is in its Alpha Stage
The Project, while not owned, operated, developed or otherwise controlled by us, is in the Alpha stage, which means that the Project and all related software are experimental. The Project is provided on an “as is” and “as available” basis, without warranty of any kind, either expressed or implied, including, without limitation, warranties that the Project is free of defects, vulnerabilities, merchantable, fit for a particular purpose, or non-infringing. Any use of the Project shall be at your own risk. In no event shall we be held liable in connection with or for any claims, losses, damages, or other liabilities, whether in contract, tort, or otherwise, arising out of or in connection with the Project or its operation or use.
Indemnity and Limitation of Liability
You do hereby to the fullest extent permitted by applicable laws and regulations indemnify, defend, and hold us, our employees, directors, shareholders, officers, consultants, representatives, agents, or contractors harmless from and against any and all loss, penalty, claim, damage, liability, or expense whatsoever (including reasonable attorneys’ fees and disbursements) due to or arising out of or based upon (i) any inaccurate representation or warranty made by you, or breach or failure by you to comply with any covenant or agreement made by you or in any other document furnished by you to any of the foregoing persons in connection with the Tokens or the Project, or (ii) any action instituted by or on your behalf against any of the foregoing persons that are finally resolved by judgment against you or in favour of any of the foregoing persons.
To the maximum extent permitted by applicable laws and regulations, in no event shall us, our employees, directors, shareholders, officers, consultants, representatives, agents, or contractors be liable or responsible for any direct, indirect, special, punitive, exemplary, incidental, or consequential damages or losses of any kind, nor shall they be liable for the loss of goodwill, loss of profits (including expected), loss of data, diminution of value, and business interruption arising out of or in connection with the use of the Tokens, the Project, or the Materials or reliance thereon, any inaccuracy or omission in any Materials, whether based upon breach of warranty or contract, negligence, strict liability, tort, or any other legal theory, regardless of whether we have been advised of the possibility of such damages or losses.
Risk of Theft
There is no assurance that there will be no theft of your digital assets as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, double-spent attacks, flash-loan attacks, vulnerabilities, or defects of the Tokens, the Project, or their related software or of the Ethereum or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. Any of the above may lead to partial or complete theft or loss of digital assets used in transactions carried out in connection with the Tokens, the Project, or their related software.
Risk of Flawed Logic of the Tokens, the Project, or their Related Software
The underlying logic of the Tokens, the Project, and their related software may be flawed, defective, or impaired, which can result in smart contracts operating incorrectly or not as expected, or transactions being executed in violation of logic that underpins the smart contracts, which can lead to partial or complete loss of digital assets used in the transaction.
The Website, the Project, and the Materials may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans, or other statements other than statements of historical fact, are forward-looking statements. Any development plans and projections, business projections, future functionality, and projected performance of the Tokens, the Project, or us, as well as prospects and the future prospects of any industry, are forward-looking statements. While the core vision and plans of the project will always remain, there are certain aspects of the project, including the roadmap, that are subject to change. By purchasing the Tokens, you understand that changes to the plans, Tokens, software or related technologies are a possibility.
Forward-looking statements by their nature address matters that are, to different degrees, uncertain or unknown. We can give no assurance that any forward-looking statements will prove to have been correct. Actual events, results or outcomes could differ materially from what is stated in the forward-looking statement, and you should not rely on any such forward-looking statement. These risks and uncertainties include the impact of economic, competitive, technical, and other factors affecting the Tokens, the Project, us or our operations, including, but not limited to, the following: development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of the Tokens, the Project, or related products, other business, and market conditions.
Any purchases of LKOC Digital Assets or acquisition of LKOC Digital Assets by breeding from the site or marketplace will be done through smart contracts on a blockchain using a wallet like Metamask or other similarly supported wallets. Any financial transactions that you engage in will be conducted solely through the Blockchain via a wallet such as MetaMask or other supported wallets. We will have no insight into or control over these payments or transactions, nor do we have the ability to reverse any transactions. With that in mind, we will have no liability to you or to any third party for any claims or damages that may arise as a result of any transactions that you engage in via the Site and/or the App or using the Smart Contracts, or any other transactions that you conduct via the Blockchain.
The Blockchain requires the payment of a transaction fee (a “Gas Fee”) for every transaction that occurs on the Blockchain. The Gas Fee funds the network of computers that run the Blockchain. This means that you will need to pay a Gas Fee for certain transactions that occur via the Site and/or the App.