Faylotto Decentralized Betting Web3 Social Platform
Last updated: June 10, 2025
1. Introduction
Welcome to Faylotto Decentralized Betting Web3 Social ("the Platform", "we", or "Faylotto"), a decentralized betting platform powered by Web3 technology. These Terms and Conditions ("Terms") govern your access to and use of the website, application, smart contracts, and related services provided by Faylotto.
By accessing or using the Platform, you agree to be bound by these Terms, which constitute a legally binding agreement between you ("User") and Lotto Chain. If you do not agree, please refrain from accessing or using the Platform.
2. Definitions
- Services: All features, functions, applications, smart contracts, and content provided by Faylotto, including decentralized betting, Web3 social interaction, and token holder listings.
- User: Any individual or entity accessing or using the Platform.
- Content: Text, images, code, design, blockchain data, or other materials available on the Platform.
- Smart Contract: Blockchain-based code deployed on networks such as Base Sepolia to manage betting or other functions.
- Token: Digital assets used within the Lotto Chain ecosystem for betting or rewards.
3. Use of Services
Users agree to use the Services in compliance with applicable laws and these Terms. Users are prohibited from:
- Engaging in illegal activities, including fraud, money laundering, or violating gambling laws.
- Using bots, automated scripts, or deceptive methods to manipulate bets or smart contracts.
- Sending spam, offensive content, or materials that infringe on third-party rights.
- Attempting to hack, disrupt, or exploit vulnerabilities in the Platform.
Age Restriction: Users must be at least 18 years old to participate in betting or token-related activities. Users under 18 may only access social features with parental or guardian consent.
4. User Accounts
If the Services require an account (e.g., a Web3 wallet or login):
- Users are responsible for maintaining the confidentiality of private keys, passwords, or account credentials.
- Users are responsible for all activity conducted through their account, including blockchain transactions.
- Faylotto is not liable for account access loss resulting from user negligence (e.g., losing private keys).
- Users must provide accurate information during registration and promptly notify us of any security breaches.
Faylotto
5. Ownership and Intellectual Property Rights
All content, source code, design, logos, trademarks, and smart contracts on the Platform are owned by Faylotto or its licensors and are protected by international copyright and trademark laws, including the Berne Convention (1886) and the TRIPS Agreement (1994).
- Users may not copy, reproduce, modify, or distribute any content without Faylotto prior written consent.
- The name "Faylotto" and related branding elements are trademarks of Faylotto, whether registered or not.
- Smart contract code (e.g., on Base Sepolia) is considered protected software under copyright law.
6. User-Generated Content
If Users can upload content (e.g., social posts, betting data):
- Users retain ownership of the content they upload, unless otherwise stated.
- By uploading content, Users grant Faylotto a non-exclusive, royalty-free, worldwide license to display, store, and use the content for operational purposes of the Platform.
- Users are solely responsible for ensuring their content does not violate any laws, third-party rights, or these Terms.
- Faylotto reserves the right to remove any content deemed inappropriate or in violation of these Terms.
7. Limitation of Liability
The Services are provided "as is" without warranties of any kind, express or implied, including but not limited to warranties of accuracy, reliability, or availability. Faylotto is not liable for:
- Financial, data, or other losses resulting from use of the Platform.
- Service interruptions due to technical issues, such as blockchain network failures (e.g., Base Sepolia).
- User errors, such as loss of private keys or incorrect blockchain transactions.
- Content or actions of third parties linked to the Platform.
To the maximum extent permitted by law, Faylotto liability is limited to the amount the User paid for the Services, if any.
8. Termination of Access
Faylotto reserves the right to suspend or restrict User access to the Platform, with or without notice, if:
- The User violates these Terms.
- Suspicious, fraudulent, or unlawful activity is detected.
- The User uses the Services in a manner that harms the Platform or others.
Termination of access does not affect blockchain transactions already recorded, due to their immutable nature.
9. Changes to Terms
Faylotto reserves the right to update or modify these Terms at any time. Changes become effective immediately upon publication on the Platform. We will endeavor to notify Users of significant changes via email, in-platform notifications, or other appropriate means.
Continued use of the Platform after changes constitutes acceptance of the revised Terms.
10. Refund Policy
Due to the decentralized nature of betting and the irreversible nature of blockchain transactions, Faylotto does not offer refunds for confirmed transactions on the blockchain (e.g., bets or token purchases).
- Payments: Payments for Services (if applicable) are made via tokens or other methods specified on the Platform. All payments are final.
- User Errors: Faylotto is not responsible for losses resulting from user mistakes, such as sending tokens to the wrong address.
- Exceptions: In limited cases (e.g., platform malfunctions), Faylotto may consider refunds based on internal policies and applicable laws.
11. Governing Law
These Terms are governed by principles of international law, including the Berne Convention and the TRIPS Agreement, as well as generally accepted legal frameworks in international jurisdictions. In the event of a dispute, parties agree to attempt resolution through negotiation or mediation first. If unresolved, disputes shall be submitted to international arbitration under the rules of the International Chamber of Commerce (ICC), with arbitration to take place in [specify location, e.g., Singapore].
Due to the decentralized nature of the Platform, blockchain transactions are subject to the laws of the respective network jurisdictions (e.g., Base Sepolia) and are immutable once confirmed.
12. Contact
If you have any questions, concerns, or requests regarding these Terms, please contact us:
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