1. Purpose of this Disclaimer
This Token & Risk Disclaimer (‘Disclaimer’) provides information regarding the MGF utility token and associated NFTs within the MagixFi’s ecosystem. It aims to inform users of potential risks and to clarify that participation in staking, mining, or related services does not constitute an investment or security offering.
2. No Offer or Solicitation
Nothing in this document or on MagixFi’s website constitutes an offer to sell or a solicitation of an offer to buy securities, commodities, or financial instruments. The MGF token and related NFTs are utility assets designed to access decentralized services and should not be purchased with any expectation of profit.
3. Regulatory Status
MGF and associated NFTs are classified as utility tokens under applicable frameworks. They are not regulated as securities, investment contracts, or e-money. MagixFi operates in compliance with applicable anti-money-laundering (AML) and counter-terrorism-financing (CTF) standards.
4. Utility Nature of MGF and NFTs
The MGF token serves as a functional element enabling participation in blockchain activities, staking operations, and NFT-based mining contracts. NFTs represent time-limited digital credentials that allow users to activate mining contracts subject to staking and validity conditions. Neither MGF nor NFTs confer ownership, equity, voting rights, or profit-sharing entitlements in MagixFi’s or its affiliates.
5. Eligibility and Geographic Restrictions
Access to and use of the MGF token, NFTs, and MagixFi’s services are restricted in certain jurisdictions. MGF tokens and NFTs may not be purchased, held, or used by residents or citizens of the United States, or of countries or territories subject to international sanctions, or where the offer, sale, or use of digital assets is prohibited by law. By acquiring or using MGF tokens or NFTs, you represent and warrant that you are not a citizen, resident, or entity subject to the laws of such restricted jurisdictions and that you comply with all local laws applicable to you.
6. Staking, Unstaking & Cooldown Risks
Locking MGF tokens for staking activates mining functions but temporarily restricts liquidity. When unstaking is initiated, 50% of tokens become withdrawable after a six-month cooldown, and 100% after a twelve-month cooldown. During the cooldown, tokens remain technically staked and continue to qualify for proportional reward claims until withdrawal. All timing and release conditions are governed automatically by smart contracts and cannot be accelerated, cancelled, or manually overridden by MagixFi’s.
7. Technology and Smart-Contract Risks
Participation in MagixFi’s requires interaction with blockchain-based smart contracts. Such technology is experimental and may contain vulnerabilities, bugs, or exploits. Smart-contract or blockchain failures, congestion, or malicious attacks may lead to partial or total loss of tokens or rewards. MagixFi’s does not have access to or control over user wallets or private keys and does not custody user funds. Users should interact only through official MagixFi interfaces and verify contract authenticity before engaging.
8. Market and Liquidity Risks
The market value of MGF and associated NFTs may fluctuate significantly and could decline without notice. There is no guarantee of liquidity or ability to resell tokens or NFTs at any particular price. Secondary-market trading is at users’ own risk and subject to platform availability.
9. Third-Party Dependencies
MagixFi integrates with decentralized infrastructure networks, oracles, and marketplaces operated by independent third parties. MagixFi does not control or guarantee the performance, uptime, or security of these entities. Failures or policy changes by third parties may affect access to mining functions or staking rewards.
10. Risk of Regulatory Change
The legal and regulatory environment for blockchain technology, NFTs, and utility tokens is rapidly evolving. Changes in applicable law, tax treatment, or enforcement priorities could materially affect the availability, transferability, or value of MGF tokens and NFTs. MagixFi cannot predict the impact of future legal developments and assumes no responsibility for compliance with laws that may apply to users in specific jurisdictions.
11. Forward-Looking Statements
Statements about future plans, network expansion, or rewards distribution may constitute forward-looking information. Such statements are subject to risks and uncertainties and may differ materially from actual outcomes. MagixFi undertakes no obligation to update forward-looking statements.
12. No Financial or Investment Advice
Information provided by MagixFi does not constitute financial, investment, or trading advice. Users should seek independent professional advice before purchasing, staking, or using MGF tokens or NFTs.
13. Tax Responsibility
Users are solely responsible for determining and fulfilling any tax obligations that arise from purchasing, holding, staking, or selling MGF tokens or NFTs. MagixFi does not provide tax guidance and does not withhold or remit taxes on behalf of users.
14. Limitation of Liability
To the maximum extent permitted by law, MagixFi and its affiliates shall not be liable for any indirect, incidental, or consequential damages, including but not limited to loss of profits, tokens, or NFTs. Total aggregate liability, if any, shall not exceed USD 100.
15. Governing Law and Jurisdiction
This Disclaimer and all related matters are governed by the laws of Costa Rica. Any disputes shall be submitted to the competent courts of San José, Costa Rica.
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.