1. Introduction and Acceptance
These Terms of Use (‘Terms’) govern your access to and use of the services provided by 3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA (‘MagixFi’, ‘we’, ‘our’, or ‘us’). By accessing or using MagixFi’s websites, smart contracts, or services, you agree to be bound by these Terms and all other legal documents available at https://MagixFi.io.
2. Eligibility and Restrictions
You must be at least 18 years of age and have the legal capacity to enter into binding agreements. MagixFi services are not available to residents or citizens of jurisdictions where participation in blockchain or NFT transactions is prohibited, including the United States. By using the services, you represent and warrant that you are not subject to any such restrictions.
3. Use of Services
MagixFi provides decentralized tools for participating in blockchain mining, staking MGF tokens, and managing NFTs representing mining access rights. You are solely responsible for maintaining control of your blockchain wallets and private keys. MagixFi does not operate custodial wallets and cannot recover lost access credentials.
4. Smart-Contract Automation
All staking, reward calculation, and claim functions within the MagixFi ecosystem operate exclusively through decentralized smart contracts. MagixFi does not custody user funds, cannot intervene in reward distribution, and cannot alter or override on-chain logic, including cooldown schedules or staking activation conditions. Users interact directly with blockchain networks, and all transactions are immutable.
5. Account and Wallet Responsibility
Users must ensure that their wallet addresses are compatible with the Polygon network and other supported blockchains. You are solely responsible for safeguarding private keys, seed phrases, and associated wallet credentials. MagixFi bears no responsibility for lost or compromised wallets or transactions sent to incorrect addresses.
6. Staking, NFTs, and Rewards
Staking DPN tokens is a functional prerequisite for activating MagixFi mining through NFTs. Staking is not an investment or deposit and does not guarantee profits or returns. Mining rewards are generated algorithmically by decentralized networks and distributed automatically via smart contracts, without intervention by MagixFi. Eligibility for rewards depends on NFT validity, staking sufficiency, and adherence to network parameters.
7. Unstaking and Cooldown
Users may unstake MGF tokens at any time through the blockchain interface, subject to the smart contract’s programmed conditions. Following an unstaking request: (1) 50% of the requested amount becomes withdrawable after a 6-month cooldown, or (2) 100% after a 12-month cooldown. During the cooldown period, tokens remain technically staked and continue to qualify for proportional reward claims. Once the cooldown expires and withdrawal occurs, the unstaked MGF ceases to qualify as staked. All unstaking operations are automated, irreversible, and cannot be manually modified by MagixFi.
8. Prohibited Conduct
Users must not engage in illegal, fraudulent, or abusive behavior, including attempts to exploit, manipulate, or interfere with MagixFi smart contracts. Prohibited activities include hacking, reverse engineering, or using scripts to alter staking or reward outcomes. Violations may lead to suspension or permanent restriction of access to MagixFi services.
9. Intellectual Property
All content, software, code, and trademarks associated with MagixFi remain the property of 3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA or its licensors. Users receive no ownership or licensing rights except for personal, non-commercial use of MagixFi’s interfaces and NFTs.
10. Disclaimers
MagixFi services are provided on an ‘as is’ and ‘as available’ basis without warranties of any kind. MagixFi makes no representations regarding network uptime, transaction speed, token value, or compatibility. Smart contracts and third-party MGF integrations may experience downtime or bugs. Users assume full responsibility for their use of blockchain services.
11. Limitation of Liability
To the fullest extent permitted by law, MagixFi and its affiliates shall not be liable for any indirect, incidental, or consequential damages, including lost profits, token value loss, or data breaches. In all cases, total aggregate liability shall not exceed USD 100.
12. Third-Party Links and Integrations
MagixFi may reference or connect to third-party decentralized applications, exchanges, or NFT marketplaces such as OpenSea. MagixFi is not responsible for the terms, performance, or data practices of these third parties. Users must review external platforms’ terms independently.
13. Termination and Suspension
MagixFi may suspend or terminate access to its services in cases of legal obligation, network abuse, or security risk. Termination does not affect the validity of transactions already executed on-chain.
14. Updates and Modifications
MagixFi reserves the right to update these Terms at any time. Revised versions will be posted on https://MagixFi.io and take effect upon publication. Continued use of MagixFi services constitutes acceptance of the updated Terms.
15. Governing Law and Jurisdiction
These Terms and all related disputes are governed by the laws of Costa Rica. The competent courts of San José, Costa Rica, shall have exclusive jurisdiction over any dispute arising under or in connection with these Terms.
16. Contact Information
3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA, PROVINCIA 01 SAN JOSÉ, CANTÓN 02 ESCAZÚ, SAN RAFAEL, DEL CENTRO COMERCIAL LA PACO, TRESCIENTOS METROS NORTE, PLAZA FLORENCIA, LOCAL DIEZ, COSTA RICA. Email: hello@MagixFi.io.