Terms and conditions
General information
[fs-toc-omit]These Terms and Conditions are edited and enforced by:
ADDMA, a French Association having its registered office at 24 rue de Clichy 75009 Paris, registered at the Répertoire national des Associations under number W751263695 (hereinafter referred to as "ADDMA", the "Association", “Us”, “We”, “Our”);
Which has developed a technical system based on smart contracts which allows the exchange of digital assets in a decentralized manner (hereinafter referred to as "Protocol") in the name and on behalf of the Mangrove decentralized autonomous organization (“DAO”). The Protocol is open source and is to be maintained by the community, operating as a decentralized autonomous organization.The DAO is maintaining and governing the Protocol for which the Association is the current authorized agent for its maintenance and development.
The Association owns and operates mangrove.exchange and any subdomains (hereinafter referred to as “Website”) which acts as a front-end only to the decentralized Protocol, giving the users an access point to the Protocol (hereinafter referred to as "Access").
Risks assumption
By accepting these Terms and Conditions, users (hereinafter referred to as “User(s)”, “You” or “Your”) are aware that the services (“Services”) offered by the Mangrove Protocol are related to the digital assets sector and directly linked to blockchain technology, which has several consequences.
On the one hand, Users are aware of the economic risks associated with Mangrove. As such, they recognize that digital asset markets are decentralized and unregulated, that such transactions are not suitable for, or cannot be understood by, many investors, and represent a high level of risk of loss of capital, particularly related to the extreme volatility of markets.
Therefore, although the risk of loss does not exceed the amount invested, Users undertake not to invest funds that they cannot afford to lose. Furthermore, they acknowledge that they understand that past performance is in no way indicative of future performance, which may vary both upwards and downwards.
Risk of negative return – the technology Services provided can lead to risks of partial or total loss when used to trade in digital assets. Strategies built on our Services should be managed actively by adjusting price range and balances in accordance with your risk tolerance for which you are solely responsible.
Risk of impermanent loss – it refers to a situation in which the profit you gain from staking a token in a liquidity pool is less than what you would have earned just holding the asset. It happens when a token’s price changes in the market, which causes your deposited assets in the liquidity pool to become worth less than their present value in the market. The bigger this price change, the more your assets are exposed to impermanent loss. If the current price goes out of the price range, the strategy has only bids/asks left and thus, suffers impermanent loss until the price range is corrected or the current price gets back to the set range.
Furthermore, potential users are aware of the technical risks associated with the Services provided through Mangrove, including risks related to an error or security failure, whether or not associated with the blockchain that could lead to a loss of data or access to the digital assets.
Finally, while Mangrove endeavors to provide access to fair and accurate content on its Website, it does not guarantee its completeness. Therefore, Users acknowledge that he/she has conducted personal research before using Mangrove Protocol and has informed themselves of the risks inherent to its use.
Purpose
Contractual set
The Terms and Conditions constitute a legally binding agreement between the Association and the Users. The latter acknowledge having read them carefully, understood and accepted them in their entirety.
The User agrees to read the Terms and Conditions in addition to the Privacy Policy available on the Website. This contractual set determines the contractual relationship between the Company and its Users and Clients in its entirety.
Acceptance of the Terms and Conditions
The Terms and Conditions are notified to the User upon access to the front end operated by the Association. The acceptance is materialized by a checkbox when accessing the Website.
These Terms and Conditions should be read in conjunction with additional information contained in the FAQ and Privacy Policy available on the Website.
They are accessible at any time on the Website. It is necessary for the User to read carefully the provisions of these Terms and Conditions before accepting them. It is also advisable to keep them in paper format or to save them on a secure computer medium.
The Association reserves the right to modify, at any time and at its sole discretion, these Terms and Conditions. In such a situation, the version of the Terms and Conditions applicable to the contractual relationship between the User and the Association will be the one in force at the date of the new Access on the Website.
It is the responsibility of Users to read the revised Terms and Conditions and to explicitly accept them before accessing the Website again.
To the extent that there is a conflict between these Terms and Conditions and any applicable additional documents, these Terms and Conditions will apply unless expressly stated otherwise. If you don't agree with these Terms and Conditions, you may not use the Services and should not visit the Website or otherwise engage with the Services.
