Terms and Conditions for Damage Token Sales DAMAGE Token โ€“ Terms of Use

1. Introduction

These Terms of Use ("Terms") govern access to and use of the DAMAGE token ("DAMAGE") and related software functionality made available by Steven Joseph ("the Operator").

The Operator is an individual sole trader and not a corporation, partnership, or financial institution.

By acquiring, holding, or using DAMAGE, you acknowledge that you have read, understood, and agreed to these Terms.

2. Nature of DAMAGE

DAMAGE is a cryptographic utility token designed for use within the DamageBDD software ecosystem.

DAMAGE is used exclusively for:

  • Metering execution of software-defined behaviour
  • Coordinating verification activity
  • Recording and settling deterministic outcomes
  • Accessing or unlocking software functionality

DAMAGE does not represent:

  • Money or legal tender
  • Stored value
  • A security, derivative, or investment product
  • Equity, debt, or ownership interest
  • A claim on future revenue or profits
  • A right of redemption or buyback

No representation is made that DAMAGE has or will have monetary value outside its intended software utility.

3. No Financial or Regulated Services

The Operator does not provide financial services.

Specifically, the Operator does not:

  • Operate a digital currency exchange
  • Provide custodial wallet services
  • Hold or manage assets on behalf of users
  • Facilitate fiat currency transactions
  • Offer remittance or money transmission services
  • Provide investment advice or returns

Any acquisition or disposal of DAMAGE occurs independently of the Operator and is outside the scope of these Terms.

4. User Custody and Responsibility

Users retain sole and exclusive control of their cryptographic keys and digital assets at all times.

The Operator:

  • Does not access user private keys
  • Cannot recover lost keys
  • Cannot reverse transactions
  • Does not guarantee availability or continuity of access

Loss of DAMAGE due to user error, key loss, software incompatibility, or third-party actions is the sole responsibility of the user.

5. Software-Only Scope

DAMAGE exists solely as a mechanism within software systems.

Access to software features may:

  • Change over time
  • Be gated by protocol rules
  • Be limited or discontinued

The Operator makes no guarantee that any specific feature, interface, or integration will remain available.

6. Regulatory Position

Based on the current functionality and scope of DAMAGE, the Operator is not required to register as a digital currency exchange or remittance provider under Australian law.

This assessment is based on:

  • Non-custodial design
  • Absence of fiat services
  • Software-only utility scope

If the functionality of the software materially changes, this position may be reviewed.

7. No Warranties

DAMAGE and all related software are provided "as is" and "as available".

To the maximum extent permitted by law, the Operator disclaims all warranties, express or implied, including but not limited to fitness for purpose, merchantability, or non-infringement.

8. Limitation of Liability

To the maximum extent permitted by law, the Operator shall not be liable for any indirect, incidental, consequential, or economic loss arising from use of DAMAGE or associated software.

Aggregate liability, if any, shall be limited to the amount paid directly to the Operator for software access in the preceding 12 months.

9. No Partnership or Agency

Nothing in these Terms creates any partnership, agency, joint venture, or employment relationship between the user and the Operator.

Users act independently and at their own risk.

10. Amendments

These Terms may be updated from time to time.

Continued use of DAMAGE after publication of updated Terms constitutes acceptance of those changes.

11. Governing Law

These Terms are governed by the laws of Australia.

Any disputes shall be resolved exclusively in the courts of the relevant Australian jurisdiction.

12. Contact

For matters relating to these Terms, contact:

Steven Joseph Operator, DamageBDD