Loozr Platform Disclaimer
1. General Information
Loozr is a decentralized social platform and marketplace designed to empower artists, creators, and their fans through blockchain technology. Loozr allows artists to tokenize their content and brand, enabling users to engage with and support artists through artist coins and other tokenized assets. These tokens offer access to exclusive content, fan experiences, and community privileges.
By using the Loozr platform, you acknowledge and agree to the terms set out in this disclaimer.
2. No Investment Advice
The tokens (including but not limited to artist coins, $LZR tokens, and other digital assets) offered on Loozr are not intended to be investment vehicles. The acquisition of these tokens does not represent an investment in any company, security, or financial asset. No person should interpret their participation in the platform as making an investment with the expectation of financial return.
Loozr makes no guarantees or representations regarding the future value of any tokens, nor should any increase in token value be interpreted as a form of investment profit. The tokens are primarily designed to enhance fan engagement and provide access to exclusive content and experiences.
3. Tokens Are Utility-Based
Tokens issued on the Loozr platform, including artist coins, are utility tokens intended solely for use within the Loozr ecosystem. They provide users with the ability to access features such as:
Exclusive content from artists.
Access to fan communities.
Participation in community governance or decision-making.
These tokens do not represent ownership, shares, or any interest in the Loozr platform, any artist, or any other entity. They do not entitle holders to any dividends, revenue share, voting rights (outside of platform governance), or other forms of financial compensation.
4. No Guarantee of Token Value
Loozr does not guarantee any specific value or appreciation of the tokens or digital assets offered on the platform. The value of tokens may fluctuate based on market demand, artist popularity, or external factors. Users should not purchase tokens with the expectation of profit or financial return.
Any potential increase in value is speculative and driven by market forces outside Loozr's control. Loozr disclaims any liability for losses incurred as a result of token volatility or fluctuations in token value.
5. No Investment Contracts
Loozr expressly states that the tokens available on its platform are not securities under the U.S. Securities Act or any other jurisdiction’s securities laws. By participating in Loozr, users agree that:
There is no expectation of profit based on the work of others.
Tokens are not linked to the efforts or success of Loozr, artists, or any other third parties in a way that would make them securities.
Any suggestion or belief of profit potential should be immediately dismissed, as the tokens are utility-based.
Loozr has taken steps to ensure that its offerings do not meet the criteria for "investment contracts" under the Howey Test. However, Loozr users must take full responsibility for understanding the nature of the tokens and avoid interpreting them as investments.
6. Regulatory Compliance
Loozr operates in accordance with applicable laws and regulations, including those related to anti-money laundering (AML), know-your-customer (KYC), and financial regulations. However, the regulatory framework around digital assets and blockchain technology is rapidly evolving.
Loozr reserves the right to amend its policies, practices, or terms of service to comply with changing regulations. Users are responsible for staying informed of the regulatory environment in their jurisdiction and understanding the legal and tax implications of acquiring, holding, or trading tokens.
Loozr does not assume responsibility for any legal issues or regulatory breaches that may arise from the use of the platform in jurisdictions where digital assets are regulated differently.
7. Risks Associated with Digital Assets
By using Loozr, you acknowledge and accept the inherent risks associated with blockchain technology and digital assets, including:
Volatility: Token prices may fluctuate widely based on market conditions and demand.
Loss of access: Tokens stored on decentralized platforms may be lost if private keys or access credentials are misplaced or compromised.
Technological risks: Loozr operates using decentralized blockchain technology, which may be subject to vulnerabilities, attacks, or unforeseen failures.
Regulatory risks: Digital assets and blockchain projects may face regulation or restriction in various jurisdictions, impacting token availability and trading.
Loozr disclaims any liability for losses or damages resulting from these risks. Users must exercise caution and judgment when participating in the platform.
8. No Responsibility for Third-Party Actions
Loozr is not responsible for the actions, performance, or decisions of artists, creators, or any third parties associated with the platform. Users engage with artists and other users at their own risk. Any claims, disputes, or liabilities arising between users and third parties are outside Loozr’s control and responsibility.
9. User Responsibility
All users of the Loozr platform are expected to comply with the terms outlined in this disclaimer and to conduct themselves responsibly. Users should:
Make informed decisions about token purchases or participation in Loozr features.
Understand that Loozr does not provide any financial advice or guarantees.
Seek professional advice (legal, tax, or financial) if necessary before acquiring tokens or participating in platform activities.
10. Amendments to Disclaimer
Loozr reserves the right to update or amend this disclaimer at any time to reflect changes in the platform, regulatory landscape, or other considerations. Users are encouraged to review this disclaimer periodically to remain informed of any changes.
By participating in Loozr, you acknowledge that you have read, understood, and agreed to this disclaimer.
If you have any questions about this disclaimer or the nature of Loozr’s tokens, please get in touch with us at mail@loozr.com
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