🚦Regulatory Compliance
Risk Disclosure
Regulatory Compliance: An overview on Risk Disclosures and Risk Management
WARNING: It may be unlawful to use, trade, or interact with Lychee/$SAL in some jurisdictions. It is YOUR responsibility to determine whether Lychee/$SAL is permissible for use in your area. DeFi is inherently risky, volatile, and speculative. Do NOT spend money you cannot afford to lose!
Disclaimers and Disclosures on Risk
Risk Disclosures help to protect Lychee Protocol (aka Lychee), End Users, Holders, Traders, and prospective Holders, and helps to ensure that Lychee maintains lawful operations. This General Disclaimer applies to Lychee, the $SAL ERC-20 token, and all products and sub-products or services created by Lychee or under its authority. These Terms may be changed from to time without prior notice.
All users and token holders are subject to Lychee's Terms of Service and Use, Privacy Policy, and all further Terms and Conditions as Lychee may periodically update and/or distribute.
An overview on Risks and Risk Management
Lychee is not a Security or an Investment
Please be advised: Cryptocurrencies and Digital Assets are inherently risky. Cryptocurrencies are naturally subject to volatile price action and even the most established, verified, and "secure" protocols can be exploited by bad actors.
Nothing on this website is Financial Advice. Under the United States Securities and Exchange (SEC) Howey Test, Lychee is not a Security; regardless, users in the United States must NOT interact with Lychee/$SAL. An individual receives a Security in exchange for providing money and subsequently expecting profit off the work of others. No relationship is created between any parties; no party, neither the user nor Lychee, owes any obligation to the other. No party is performing any work on behalf of the other. Lychee's creators do not work for you, and you do not work for Lychee. No party has made any promises to any other party. Lychee is merely a decentralized gateway to DeFi for as long as blockchains and Distributed Ledger Technology (DLT) offers rewards or emissions, the entirety of which is powered by decentralized automated smart contracts. Neither Lychee nor $SAL or its progeny are designed as Securities and is not subject to Federal or international laws and regulations governing Securities. Individuals residing in countries which ban or restrict the possession or acquisition of cryptocurrencies or digital assets like $SAL are prohibited from acquiring Lychee-based tokens or interacting the with Dapp. The information contained on this site is for informational and educational purposes only. We recommend you consult with your Financial Advisor, Accountant, and Tax Attorney prior to making any financial decisions. Lychee seeks to establish itself as a safer alternative to traditional DeFi protocols but is nevertheless subject to natural price fluctuation and market volatility, including violent price action in market corrections or coordinated sell-offs, such as those triggered by Centralized Exchanges. Lychee and its creators are not responsible for any capital gains or losses incurred by users. Do your own research and consult with experts before making any financial decisions.
Do not spend money you cannot afford to lose!
Lychee is not a Commodity
Neither Lychee nor $SAL or its progeny are Commodities under the Rules and Regulations outlined by the U.S. Commodity Futures Trading Commission ("CFTC"). Through regulatory enforcement actions, the CFTC prohibits any DeFi protocol to market, advertise, or otherwise promote any decentralized or crypto-based trading products related to the use of Margin, Leverage, Futures, and/or Perpetuals Trading. For these reasons, Lychee Protocol expressly prohibits U.S. based crypto market participants from interacting with Lychee/$SAL in any way.
Disclosures: Sanctions
U.S.-sanctioned individuals, as defined by the U.S. Treasury Office of Foreign Asset Controls ("OFAC") and residents of U.S.-sanctioned countries are prohibited from acquiring, possessing, or trading $SAL or its associated tokens. By interacting with Lychee's website, Dapp, and/or the $SAL token, or within any Decentralized Exchange (DEX) or Centralized Exchange (CEX), you are self-certifying that you are not a sanctioned individual prohibited from purchasing, acquiring, or otherwise holding or trading $SAL.
Disclaimer: General
Disclaimer: Lychee Protocol is a decentralized cryptocurrency project which introduces a native digital asset (token), $SAL. $SAL is not owned by any one person or entity. Neither the creators of Lychee, nor the Lychee entity itself are responsible for losses, mistakes, errors, or inaccuracies you experience or encounter while interacting with Lychee's website, Dapp, Documentation, social media accounts, or the $SAL token ecosystem. By interacting with this Website, you expressly agree to use this platform and/or trade or possess these tokens at your own risk. No information on this website, platform, or Dapp should be considered financial, legal, tax, or accounting advice in any capacity. $SAL is neither an investment, nor a Security, and is not subject to the jurisdiction of the SEC or any Securities agency.
Remember, DeFi is inherently risky. You should never risk capital you are not prepared to lose.