Terms, Liability, and Compliance
Legal Disclaimer & Terms of Use Issued by Penverse Labs LLC
1. Introduction
This Legal Disclaimer & Terms of Use governs your access to and use of Penverse ("the Platform"), operated by Penverse Labs LLC, and its associated utility token, PENSO. By using the Platform, you acknowledge and accept these terms, which cover legal, financial, and compliance-related matters. If you do not agree to any part of these terms, you must immediately cease using the Platform.
2. No Financial or Professional Advice
Penverse Labs LLC, Penverse, and the PENSO token do not offer financial, investment, legal, or tax advice. All information on the Platform—such as research outputs, token utility, governance structures, or funding methods—is provided solely for informational purposes. Users should independently verify all information and consult qualified professionals before making any decisions based on content from Penverse.
PENSO Token Disclaimer
PENSO is a utility token within the Penverse ecosystem. It is not a security, investment, or financial product. The token is designed to enable transactions, reward participation, and support decentralized governance.
By using or holding PENSO, users agree to the following:
PENSO does not confer any ownership, equity, or entitlement in Penverse Labs LLC or affiliated entities.
Users must not expect any profits, returns, or financial appreciation from holding PENSO.
Penverse Labs LLC does not guarantee any market value, liquidity, or usability of PENSO.
Token usage involves inherent market risks; the company is not liable for losses.
Users must comply with local legal and tax obligations.
Penverse Labs LLC reserves the right to update, restrict, or retire PENSO-related functionality without notice.
3. No Guarantees or Warranties
All content and services are provided “as is” without warranties of any kind, express or implied. Penverse Labs LLC makes no guarantees regarding the accuracy, completeness, or availability of platform features or information. Use of the Platform is at the user's own risk.
Penverse does not warrant error-free operation, security, or uptime. Users are responsible for ensuring their own cybersecurity and safe interaction with blockchain-based systems.
4. Intellectual Property
All intellectual property, branding, source code, content, and design elements associated with Penverse are owned or licensed by Penverse Labs LLC. Unauthorized copying, reuse, modification, distribution, or commercialization of any materials is strictly prohibited and may result in legal action or termination of access.
5. Decentralization, Smart Contracts & Associated Risks
Penverse operates as a decentralized platform incorporating smart contracts, blockchain, AI agents, and DAO governance. While these offer innovation and transparency, they also introduce risks including:
Volatile value of tokens and digital assets
Smart contract bugs or exploits
DAO decisions beyond the control of any single party
Permanent loss of funds due to user error or blockchain immutability
Legal uncertainty due to evolving regulations in decentralized finance
Users interact with Penverse voluntarily and assume full responsibility for any associated risks.
6. Limitation of Liability
Penverse Labs LLC, including its team, contributors, or partners, is not liable for any direct, indirect, incidental, or consequential damages related to Platform use, token transactions, or third-party integrations—even if advised of such possibilities.
All activity on the Platform, including funding, staking, rewards, and transfers, is undertaken at the user’s sole discretion and risk. No refunds, guarantees, or service-level commitments are provided.
7. User Responsibilities
Users must:
Secure their own wallets, private keys, and digital credentials. Penverse cannot assist with asset recovery.
Evaluate the validity of smart contracts before interacting with them.
Stay compliant with local regulations when using blockchain technologies.
Exercise caution when interacting with any decentralized application or contract.
8. Regulatory Compliance
Users are responsible for understanding and complying with local laws concerning blockchain technology, token usage, and data privacy. Penverse Labs LLC does not warrant that its platform or services are lawful in all jurisdictions and disclaims any liability arising from non-compliance.
We recommend that users seek independent legal counsel regarding their involvement in decentralized systems and token economies.
9. Modifications & Enforcement
Penverse Labs LLC may revise this Legal Disclaimer & Terms of Use at any time, without prior notice. Changes become effective immediately upon publication. Continued use of the Platform after changes implies acceptance.
The company also reserves the right to suspend or terminate accounts that violate these terms or engage in abuse, fraud, or misuse of the Platform.
10. Acceptance of Terms
By accessing or using Penverse, you confirm that you have read, understood, and agreed to abide by these Legal Disclaimer & Terms of Use. If you do not accept these terms, you must discontinue use of the Platform immediately.
Let me know if you need this in a downloadable document or want to include additional clauses like privacy policy references, arbitration, or jurisdiction.
Last Updated: 2/18/2025
Last updated