📜DAO Terms & Conditions

Terms of Service for Lara DAO

Effective Date: 28.07.2024

Welcome to Lara DAO (“DAO”). By accessing or using our platform, you agree to be bound by these Terms of Service (“Terms”). If you do not agree to these Terms, do not use our services.

1. Acceptance of Terms

By accessing or using the services provided by the DAO, including participating in the DAO, voting, and any other activities, you agree to be bound by these Terms. These Terms apply to all members, contributors, and any other participants in the DAO.

2. Definitions

• DAO: Decentralized Autonomous Organization operating through smart contracts on the blockchain.

• Member: Any individual or entity that holds tokens issued by the DAO and participates in its governance and activities.

• Token: Cryptographic tokens issued by the DAO that grant the holder certain rights within the DAO.

• Smart Contract: Self-executing contracts with the terms of the agreement directly written into code on the blockchain.

3. Eligibility

You must be at least 18 years old and capable of forming a legally binding agreement to participate in the DAO. By using our services, you represent and warrant that you meet these requirements.

4. Membership and Participation

Membership in the DAO is acquired through the holding of DAO tokens. Members can participate in governance, voting, and other activities as defined by the DAO’s smart contracts and governance model.

5. Governance

The DAO operates through a decentralized governance model. Decisions are made by member votes, which are weighted based on the number of tokens held. The specific processes for proposing, voting on, and implementing decisions are detailed in the DAO’s governance documentation.

6. Contributions

Members may contribute to the DAO in various ways, including but not limited to, providing services, developing software, or creating content. Contributions are rewarded as per the DAO’s reward mechanisms, which are governed by smart contracts.

7. Token Usage and Distribution

Tokens are used to represent voting power and can be earned, bought, or distributed as per the DAO’s guidelines. The initial distribution, ongoing issuance, and transfer of tokens are governed by the DAO’s smart contracts.

8. Intellectual Property

All intellectual property created within the DAO, unless explicitly stated otherwise, is owned by the DAO. Contributors grant the DAO a perpetual, irrevocable, royalty-free license to use, modify, and distribute their contributions.

9. Disclaimers

The DAO is provided on an “as-is” and “as-available” basis. We make no warranties, expressed or implied, regarding the DAO’s functionality, security, or performance. Participation in the DAO is at your own risk.

10. Limitation of Liability

To the maximum extent permitted by law, the DAO shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from your participation in the DAO.

11. Changes to Terms

The DAO reserves the right to modify these Terms at any time. Changes will be effective immediately upon posting. Your continued participation in the DAO after any such changes constitutes your acceptance of the new Terms.