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Notice and Rules
Special notice: The Protocol is currently subject to a beta-launch, which means:
  1. 1.
    The Protocol is considered to be in a live-beta or live-testing stage; however, all of your gains and losses are real.
  2. 2.
    The Protocol will be limited to a maximum of $1,000 invested per fund.
  3. 3.
    A full-launch, without the aforesaid limitation, is subject to the Project Team’s discretion, but is presently linked to the completion of a security audit of the smart contract.
  4. 4.
    The Project Team may elect to change any of these terms and conditions without notice.
  5. 5.
    All of the terms and conditions set out in this document are applicable to the beta.
  1. 1.
    Definitions
    1. 1.
      “Protocol” in relation to SolStreet Finance (Solstreet) shall include, but not be limited to -
      1. 1.
        The protocol and smart contract underlying SolStreet;
      2. 2.
        The applications underlying SolStreet;
      3. 3.
        The SolStreet website;
      4. 4.
        The services on which SolStreet is hosted;
      5. 5.
        The associated SolStreet communications, including email, Twitter, Discord and Telegram used by, or controlled by, the Project Team.
    2. 2.
      “Project Team” in relation to SolStreet shall include, but not be limited to -
      1. 1.
        The Incubator of SolStreet, being Invictus Holdings, Invictus Capital, and Invictus Alpha, and any of their respective businesses and subsidiaries;
      2. 2.
        The representatives and employees of the Incubator who have worked on the Protocol.
      3. 3.
        The SolStreet Foundation, once incorporated;
      4. 4.
        The developers of SolStreet; and
      5. 5.
        The advisors to SolStreet.
    3. 3.
      “Project Documents” in relation to SolStreet shall include, but not be limited to -
      1. 1.
        The website for SolStreet;
      2. 2.
        The code repositories for Solstreet; and
      3. 3.
        The Documents section of the website for SolStreet.
    4. 4.
      “Fund Manager” shall mean, in relation to any fund, a Smart Contract Wallet which has created a fund through the Protocol, until such time as that fund is dissolved.
    5. 5.
      “Fund Investor” shall mean, in relation to any fund, a Smart Contract Wallet which has invested in a fund through the Protocol, until such time as that fund is dissolved.
    6. 6.
      “Smart Contract Wallet” shall mean each unique smart contract wallet connected to the Protocol, including but not limited to Phantom, Sollet, Coin98 and Math.
  2. 2.
    Each time that you connect your Smart Contract Wallet to the Protocol, and for so long as you remain invested through the Protocol, you agree to the terms and conditions as set out in the Project Documents, and as set out in this notice and disclaimer. You also thereby acknowledge and warrant that you understand all risks associated with the Protocol, whether express or implied, anticipated or unanticipated. Should any term not be agreeable to you, or should you not wish to accept any such risk, you must immediately discontinue further use of, and engagement with, the Protocol.
  3. 3.
    The terms and conditions as set out herein, and in the Project Documents, will be updated from time to time. Neither the Project Team nor anyone else is obliged to notify you of such a change. In the event of a conflict between the latest version and the older version(s) of these terms and conditions and the Project Documents, the newer version shall prevail. In the event of a conflict between these terms and conditions and the Project Documents, these terms and conditions shall prevail.
  4. 4.
    Nothing in this notice, the Project Documents, or in any aspect of the Protocol, or in any statement, act or omission of the Project Team, may be read as financial, legal or tax advice. You should consult your own financial, legal and tax advisor(s).
  5. 5.
    Neither the -
    1. 1.
      advisors to the Protocol and Project Team;
    2. 2.
      service providers to the Protocol Project Team;
    3. 3.
      Fund Managers;
    4. 4.
      Fund Investors;
    5. 5.
      and/or STRT vendors;
    can be held liable for any loss or damage of any kind whatsoever and from whatsoever cause arising, regardless of whether such loss or damage was direct or indirect, and regardless of whether such loss or damage arose intentionally or negligently.
  6. 6.
    The Project Team are acting as arm’s length third parties in relation to STRT distribution, and not as financial advisors or fiduciaries of any person with regard to the distribution of STRT. Nothing stated in the Project Documents, on the Protocol, or by the Project Team, shall be construed as a representation of the future performance of STRT. You acknowledge that STRT is not an investment product. You acknowledge that STRT may have no value, and that no guarantee or representation was made to you about such value on the Protocol, in the Project Documents or by the Project Team. You warrant that you will not rely on the Project Documents, Protocol or a statement by the Project Team as having set an expectation of future performance.
  7. 7.
    None of the Project Team, the STRT vendor, the STRT distributor, the Project Team affiliates, or their advisors shall be responsible for the liquidity, transferability or value of STRT - or for a market for STRT.
  8. 8.
    The terms and conditions for the distribution, transfer and acquisition of STRT are not contained in the Project Documents or in statements by the Project Team. Instead, such terms and conditions are set out (to the extent applicable) in a stand-alone agreement between the distributor, transferor, acquiror and you (to the extent applicable). You warrant that you will not rely on the Project Documents or a statement by the Project Team as having set out terms and conditions for the distribution, transfer and acquisition of STRT.
  9. 9.
    You agree (and warrant your understanding) that the Project Documents -
    1. 1.
      are for informational purposes only and should not be construed as a prospectus, an offer document or offer of securities. The Project Documents should also not be construed as the solicitation of an investment, nor should it be construed as an offer for sale of any thing of whatsoever nature;
    2. 2.
      are not accompanied by an assurance of comprehensiveness or accuracy;
    3. 3.
      make no warranty, undertaking or representation of the accuracy or comprehensiveness of the information contained in the Project Documents;
    4. 4.
      may set out information obtained from third parties, and this information has not been validated nor verified for accuracy or comprehensiveness; and
    5. 5.
      may contain information that has become outdated.
  10. 10.
    To the extent that the Project Documents are incomplete, inaccurate or outdated, there is no obligation on the Project Team or anyone else to change it.
  11. 11.
    Any representations made about the roadmap or anticipated development to be made in relation to the Protocol or STRT in future is purely conceptual, are not binding, may be subject to change or may not materialize. In addition, as the Protocol's roadmap explicitly aims at decentralization, you should take into account the fact that distributed decision making may result in a change to the roadmap, and indeed a change in any aspect of the Protocol over which the Project Team has no control.
  12. 12.
    Any forward looking statement made on the Protocol or in the Project Documents (including, but not limited to, statements or beliefs about future market conditions) should be treated with caution, and you should not place reliance on same as these are influenced by known and unknown risks, which could render actual results different from the forward looking statements.
  13. 13.
    In interacting with the Protocol, you will, at your own instance and expense -
    1. 1.
      ascertain what laws and regulations you are required to comply with;
    2. 2.
      ascertain what legal and regulatory restrictions may be applicable to you;
    3. 3.
      and ensure your compliance with the aforesaid.
  14. 14.
    You are not allowed to engage with, or otherwise use, the Protocol or acquire STRT if you are subject to the jurisdiction of a country which -
    1. 1.
      could construe STRT as a security, financial service or investment product;
    2. 2.
      prohibits participation in token distributions;
    3. 3.
      prohibits trade in crypto currencies.
  15. 15.
    For the avoidance of doubt, but without limitation, persons subject to the jurisdiction of the following countries are not allowed to engage with, or otherwise use, the Protocol or acquire STRT (Prohibited Jurisdictions):
    1. 1.
      Belarus
    2. 2.
      the Central African Republic
    3. 3.
      the Democratic Republic of Congo
    4. 4.
      the Democratic People’s Republic of Korea
    5. 5.
      the Crimea region of Ukraine
    6. 6.
      Cuba
    7. 7.
      Iran
    8. 8.
      Libya
    9. 9.
      Somalia
    10. 10.
      Sudan
    11. 11.
      South Sudan
    12. 12.
      Syria
    13. 13.
      the United States of America
    14. 14.
      Yemen
    15. 15.
      Zimbabwe
  16. 16.
    In engaging with the Protocol, you indemnify the Project Team against any liability arising from your failure to adhere to any laws, regulations, as well as any other claim arising from your failure to adhere to the laws and regulations to which you are jurisdictionally subject.
  17. 17.
    In making the Protocol available, no application has been made to any regulatory authority for approval or exemption for the Protocol. No representation or guarantee has been made to you that the Protocol has been approved by any regulatory authority. No representation or guarantee has been made to you that any laws or regulations have been complied with.
  18. 18.
    You warrant that, before engaging with and using the Protocol and before acquiring STRT, you assessed and accepted all of the associated risks and uncertainties. These include but are not limited to the following:
    1. 1.
      Legal and Regulatory risk:
      1. 1.
        The legal and regulatory status of the Protocol and the STRT token is unclear in many jurisdictions.
      2. 2.
        You acknowledge that virtual assets have been subject to legal and regulatory action in many jurisdictions.
      3. 3.
        You acknowledge the risk that the Protocol, its funds, its Funds Managers and the assets listed on it may be the subject of such legal and regulatory action in your jurisdiction in future.
      4. 4.
        Should that risk materialize, your engagement with the Protocol, and the value of STRT, may be negatively affected.
      5. 5.
        Should that transpire, the Protocol may liquidate your investments to your wallet and discontinue service to you.
    2. 2.
      Past vs future performance. The past performance of an asset, a fund or a Fund Manager does not imply that they will perform the same in future.
    3. 3.
      Fund and Fund Manager risk:
      1. 1.
        We do not provide financial, legal or tax advice with regard to such funds or Fund Managers.
      2. 2.
        The funds and Fund Managers themselves do not provide financial, legal or tax advice to you.
      3. 3.
        We do not assess or vet funds or Fund Managers in any way, and anyone can become a Fund Manager - whatever their background and level of skill.
      4. 4.
        We do not assess or vet the investments made in funds, or by, Fund Managers, nor the strategies they employ - it remains on you and/or your advisors to ensure that these investments and strategies comply with your laws and standards, and you indemnify the Project Team from any liability arising from such investments and strategies.
      5. 5.
        A Fund Manager may intentionally, through negligence, or for any other reason, lose access to their Smart Contract Wallet and or simply lose interest in managing the fund. You accept that risk, and agree to not hold the Project Team liable in that event.
    4. 4.
      Human resource risk. The Project Team is composed of a small team of persons with highly niche skill sets. Should any such team member become unavailable for any reason, the continued operation of the Protocol is likely to be negatively affected until such time as the team member can be replaced.
    5. 5.
      Asset risk:
      1. 1.
        We do not provide financial, legal or tax advice with regard to any asset.
      2. 2.
        We do not assess or vet assets in any way.
      3. 3.
        It remains on you and/or your advisors to ensure that assets comply with your laws and standards, and you indemnify the Project Team from any liability arising from investments in such assets.
    6. 6.
      Inaccurate, incomplete or outdated information risk:
      1. 1.
        Notwithstanding that the Protocol uses market-leading technology for the speed and throughput of information, it is still not instant. As such, there is a risk of information being incomplete, inaccurate or outdated.
      2. 2.
        The Protocol itself is still under substantial development and, as such, statements made in the Project Documents, on the Protocol or by the Project Team may be incomplete, inaccurate or outdated.
    7. 7.
      Sub-optimal or incorrect development and business approaches:
      1. 1.
        The industry in which SolStreet operates is brand new and cutting edge, and there is no true precedent for how to approach it.
      2. 2.
        The industry is also highly competitive, characterized by projects resulting in outright winners or outright losers.
      3. 3.
        It may be that the business approaches (including the path and priorities set for marketing) and development approaches (including the path and priorities set for software development) are, in hindsight, sub-optimal or incorrect - which may negatively impact the Protocol, your investment, as well as STRT.
    8. 8.
      Anonymous developer risk:
      1. 1.
        You warrant that you have read the process of development of this Protocol, and have acknowledged your understanding that the Protocol was developed by an anonymous group of developers.
      2. 2.
        As such, you acknowledge the risk that neither you nor anyone in the Project Team can practically have any recourse against the developers in the event of any issue arising from the development, whether from defects in the code, security flaws (including but not limited to backdoors) or otherwise. These may be intentional or unintentional.
      3. 3.
        By using the Protocol, you expressly accept these risks and warrant that you will not hold the Project Team liable for any inconvenience, liability, loss or damage arising from the development of the Protocol.
    9. 9.
      Security risks:
      1. 1.
        The Protocol will, in time, be made open-source. While this will encourage the community to help to improve the code (including its security), this will also make the code available for potential hackers to study and exploit.
      2. 2.
        The smart-contract code in the Protocol will be audited from time-to-time; however -
        1. 1.
          the audit may not yet have commenced and therefore may not yet have concluded;
        2. 2.
          updates to the code may have been made since the last audit was concluded, possibly rendering the audit out of date; and
        3. 3.
          In any event, an audit does not guarantee the absence of security risks.
      3. 3.
        Attacks may take the form of malware, spyware, backdoors, denial of service, smurfing, ransomware, spoofing and countless other forms - whether intentional or unintentional.
      4. 4.
        The Protocol is reliant on the current state of the art of cryptography; however, the future advances in cryptography are unpredictable and could pose uncertain risks to the Protocol.
      5. 5.
        All of the risks above may negatively impact the Protocol, your investment and/or the value of STRT.
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