KTON Terms and Conditions

1. Introduction

Welcome to KTON, a next-generation liquid staking protocol for the TON ecosystem. By accessing or using the KTON platform, you agree to abide by these Terms and Conditions. Please read them carefully before engaging in any transactions or using our services. If you do not agree to these terms, you may not use the platform.

2. Definitions

KTON: The liquid staking token representing staked TON and accrued staking rewards, enabling liquidity and DeFi applications.

User: Any individual or entity accessing or using the KTON platform.

Staking: The process of locking TON tokens on the platform in exchange for KTON.

Unstaking: The process of converting KTON back to TON tokens or withdrawing liquidity.

Rewards: The staking incentives earned by users who participate in the staking program.

3. User Responsibilities

3.1 Eligibility

You must be at least 18 years old and comply with the laws of your jurisdiction.

You are responsible for ensuring that your use of KTON does not violate any local laws or regulations.

3.2 Account Security

Users are responsible for safeguarding their wallet credentials and private keys.

KTON disclaims liability for any unauthorized access or loss of assets caused by the user’s failure to safeguard their credentials.

3.3 Compliance

Users agree to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations where applicable.

4. Platform Usage

4.1 Staking and Unstaking

Users can stake TON tokens and receive KTON in return. Staking rewards are determined by the current APY and the duration of staking.

Unstaking may result in forfeiture of the current staking rewards depending on the withdrawal method chosen (immediate withdrawal or NFT issuance).

4.2 Liquidity and Transfers

KTON tokens can be used for liquidity provision, lending, and other DeFi activities within the TON ecosystem.

Transfers of KTON are subject to blockchain network fees (gas fees).

4.3 Risk Disclosure

Users acknowledge the inherent risks of using decentralized financial platforms, including but not limited to:
1. Smart Contract Risks: Potential vulnerabilities in the underlying technology.
1. Market Risks: Price fluctuations in TON or KTON tokens.
1. Regulatory Risks: Changes in laws or regulations impacting platform operations.
1. Operational Risks: Downtime, maintenance, or unexpected technical issues.

5. Fees

The platform charges minimal transaction fees for staking, unstaking, and other activities. These fees are:
1. Staking Fee: A small percentage of the staked amount.
1. Unstaking Fee: Applicable to immediate withdrawals.
1. Gas Fees: Based on blockchain activity and dynamically calculated.

All fees are transparently displayed before the transaction is confirmed.

6. Limitation of Liability

6.1 No Guarantees

The KTON platform does not guarantee specific returns, profit margins, or performance outcomes from staking or other activities.

6.2 Platform Downtime

KTON is not liable for any losses resulting from temporary platform unavailability due to maintenance, upgrades, or technical issues.

6.3 Third-Party Risks

KTON is not responsible for:
1. Losses incurred through integrations with third-party DeFi platforms or exchanges.
1. Issues arising from malicious third-party actions, such as phishing attacks.

7. Privacy Policy

7.1 Data Collection

KTON values user privacy and does not collect personally identifiable information unless required for legal or compliance purposes.

7.2 Blockchain Transparency

Wallet addresses and transaction data are publicly visible on the blockchain, consistent with blockchain transparency principles.

7.3 Third-Party Data

Any data shared with third-party services will adhere to KTON’s privacy policies and relevant regulations.

8. Intellectual Property

The KTON name, logo, and related intellectual property are owned by the KTON development team.

Unauthorized use, reproduction, or modification of KTON branding or materials is prohibited.

9. Amendments

KTON reserves the right to amend these terms and conditions at any time. Users will be notified of any changes via official communication channels, including but not limited to:
- Platform announcements.
- Email updates (if applicable).
- Public notices on official social media accounts.

Continued use of the platform constitutes acceptance of the updated terms.

10. Governing Law

These terms and conditions are governed by the applicable laws of the jurisdiction where KTON operates. Specific jurisdiction details will be announced and updated in future revisions of this document.

Any disputes arising from the use of the platform will be resolved through the legal framework and courts designated by KTON.

11. Dispute Resolution

In case of disputes, users agree to:
1. First attempt to resolve the matter through good-faith negotiations with KTON support.
1. If unresolved, proceed to arbitration or legal proceedings based on the governing law.

Arbitration details, if applicable, will be provided during the dispute resolution process.

12. Contact Information

If you have any questions or concerns about these Terms and Conditions, please contact us at:

Email: [email protected]

Telegram: Official Telegram Channel https://t.me/kton_channel

13. Final Provisions

Entire Agreement: These terms constitute the entire agreement between the user and KTON regarding platform usage.

Severability: If any provision of these terms is deemed invalid or unenforceable, the remaining provisions will remain in full force and effect.

Waiver: Failure by KTON to enforce any provision of these terms does not constitute a waiver of that provision.