Terms and Conditions

1. Introduction

Welcome to DCAB, a decentralized ride-hailing platform operated by DCAB DAO LLC ("DCAB DAO"). The DCAB token ("Token") is a blockchain-based digital asset designed to provide access to services and functionalities within the DCAB DAO ecosystem. By acquiring, holding, or using DCAB tokens, you agree to these Terms and Conditions ("Terms").

Please read these Terms carefully before purchasing or using the DCAB token. If you do not agree to these Terms, do not participate in the Token sale or use the Token.

2. Token Purpose and Utility

The DCAB token is a utility token designed exclusively for use within the DCAB DAO platform. The Token serves the following purposes:

  • Payment: Use the Token to pay for ride-hailing services within the DCAB DAO ecosystem.

  • Loyalty Rewards: Earn Tokens through participation in loyalty programs and referral incentives.

  • Staking: Stake Tokens to unlock platform benefits such as discounts, priority bookings, or premium membership.

  • Governance: Use Tokens to vote on platform-related proposals in the decentralized governance model.

The Token is not an investment product and does not provide any ownership rights, profit-sharing, dividends, or other financial returns.

3. No Investment Purpose

  • No Expectation of Profit: The Token is not marketed or intended as an investment, and there is no expectation of profit from the Token's acquisition, holding, or use.

  • No Ownership Rights: Holding the Token does not grant ownership, equity, or voting rights in DCAB DAO LLC or any affiliated entity outside the governance mechanisms of the DAO.

  • No Guarantees: The value of the Token may fluctuate based on supply and demand, and DCAB DAO makes no guarantees regarding the Token's value or usability outside the ecosystem.

4. Token Sale and Distribution

  • Eligibility: Only individuals or entities who agree to these Terms and comply with applicable laws are eligible to participate in the Token sale.

  • Token Purchase: Tokens are sold for the sole purpose of accessing the DCAB DAO platform’s services. The purchase of Tokens is final and non-refundable.

  • Geographic Restrictions: The Token sale is not available to residents of jurisdictions where participation is prohibited by law.

5. Use of Tokens

  • Platform-Only Use: Tokens can only be used within the DCAB DAO platform for services, staking, governance, or rewards. Tokens hold no value outside of the DCAB DAO ecosystem.

  • Non-Transferable Utility: Tokens may be traded on secondary markets at the user’s discretion. However, DCAB DAO does not promote or facilitate speculative trading of Tokens.

6. Compliance with Applicable Laws

  • KYC/AML Compliance: Participants must complete identity verification processes to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

  • Prohibited Use: Tokens may not be used for illegal activities or in violation of applicable laws, including those governing cryptocurrencies.

7. Risk Disclosure

By acquiring or using DCAB Tokens, you acknowledge and accept the following risks:

  • Volatility: The Token’s value may be subject to significant fluctuations.

  • Platform Risks: The success and usability of the Token depend on the continued development and adoption of the DCAB DAO platform.

  • Regulatory Risks: The legal status of cryptocurrencies varies by jurisdiction, and Tokens may be subject to additional regulation in the future.

8. Limitation of Liability

To the fullest extent permitted by law:

  • DCAB DAO LLC and its affiliates are not liable for any loss, damage, or harm arising from the use or inability to use the Token.

  • DCAB DAO LLC provides no warranties, express or implied, regarding the Token's functionality, usability, or market value.

9. Modifications to Terms

DCAB DAO LLC reserves the right to modify these Terms at any time. Changes will be effective upon posting on the official DCAB DAO website. Continued use of Tokens after changes constitutes acceptance of the updated Terms.

10. Jurisdiction and Governing Law

These Terms are governed by and construed under the laws of the State of Wyoming, USA. Any disputes arising under these Terms shall be resolved exclusively in the courts of Wyoming.

11. Acknowledgment

By acquiring or using DCAB Tokens, you acknowledge that:

  1. You understand and agree to these Terms.

  2. You are acquiring the Token for its intended utility within the DCAB DAO platform and not as an investment.

  3. You have the ability to bear the risks associated with cryptocurrency use, including potential loss of value.

Contact Information

For inquiries about these Terms, please contact us at: Email: info@dcab.com Website: www.dcab.com

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