Terms & conditions

1. Introduction
1.1. BlockCentral, operated by BlockCentral INC ("BlockCentral” or the “Company”), is designed as an automated passive income engine supported by a yield-generating Treasury. BlockCentral platform functions as a uniquely created DeFi Fund, with a deflationary utility token as its circulating medium. The primary aim of BlockCentral is to provide users with sustainable and customizable passive income opportunities. This is achieved by increasing the value of the BlockCentral Treasury ad reducing the circulating supply of tokens (the preceding description in its entirety or partly, the “Service”, and the BlockCentral, the “Platform”).
1.2. These Terms and Conditions ("Terms") govern the access and use of the Service by you, the user ("User", "you", "your").
1.3. By accessing and utilizing BlockCentral, operated by BlockCentral Inc., you agree to abide by the Terms outlined below. These Terms ensure a fair and transparent environment for all users, while also outlining the rights, responsibilities, and limitations associated with using BlockCentral.

2. Eligibility and User Account
2.1. In order to access and use the Interface, it is necessary for you to have the ability to enter into a legally binding contract with BlockCentral. Therefore, you confirm that you are at least eighteen years old and possess the complete right, authority, and capacity to enter and fulfill the terms and conditions of these Terms, both for yourself and on behalf of any company or legal entity that you may represent while accessing or using the Interface.
2.2. To use BlockCentral, you must connect a digital wallet compatible with the Service. You are solely responsible for maintaining the security of your digital wallet and for any use or action taken under your wallet.
2.3. There are countries where, due to international restrictions or commercial decisions, the Service is not available. Regarding commercial decisions, the Company will determine the jurisdictions in which it can offer the Services, based on the Company's policies, certain jurisdictions are restricted for the use of the Services. These include countries that are considered high-risk, have weak measures for preventing money laundering and terrorist financing (AML/CFT), or have strategic AML/CFT deficiencies according to international or local standards.
2.4. Furthermore, you affirm that you are not a citizen, resident, or affiliated with any jurisdiction or group that is subjected to economic sanctions imposed by the United States of America or the Republic of Panama. Additionally, you assert that your use of the Interface will not violate any applicable laws, regulations, or legal requirements. You also acknowledge that you will not use the Interface to engage in, promote, or facilitate any form of illegal activity.
2.5. The Company reserves the right to reject the registration of a new account, at its sole discretion and/or in accordance with applicable regulations.

3. Services Description
3.1. BlockCentral is a decentralized finance platform that provides a comprehensive ecosystem for various DeFi activities such as staking, yield farming, and liquidity provision. These services are accessible via their dedicated decentralized application (dApp), where users can connect their digital wallets to interact with the platform.
3.2. BlockCentral operates primarily with its native token, BLOC, as the fundamental medium of exchange and value. BLOC token is crucial to BlockCentral's various features and services, including transactions, staking, and yield farming. Users can stake BLOC tokens to earn rewards or use them along with other tokens to provide liquidity in the Yield Farming pools. The system incentivizes long-term holding of BLOC tokens, rewarding active participants within the ecosystem.

4. Key features of BlockCentral include:
4.1. Dynamic Strategies: This feature enhances customization and user control over their DeFi engagements. Users can set their staking and farming preferences according to their individual strategies, which could change over time depending on market conditions. The personalization occurs in increments of 10%, allowing users to choose between Compounding, Accumulating, and Taking Profit. Yield farmers have an additional option to auto-compound their 'Accumulate' percentage directly into Single Staking.
4.2. Single Staking: This aspect of the service allows users to stake BLOC tokens, the native token of BlockCentral, with the prospect of earning rewards. The feature is designed to have no lock-up period or early withdrawal penalties, and staking fees and taxes are contributed towards staking rewards. Stakers can choose to accumulate tokens for later profit or pair them with wETH for yield farming.
4.3. Yield Farming: This feature provides users with the opportunity to earn rewards by contributing liquidity to the protocol. Yield farming can be done in one pool, the BLOC/wETH pool. The pool is designed to be tax-exempt for creating or breaking LP tokens, and farmers can elect to compound rewards that will experience a deposit fee, contributing to the protocol's overall health.
4.4. Liquidity Provision: Users can contribute to the liquidity of the protocol by creating Liquidity Pool (LP) tokens with BLOC and other tokens. This is a crucial component of the ecosystem as it ensures the smooth operation of the network.

5. Use of the Service
5.1. The User shall not use the Services for any illegal purposes and shall not engage in any transactions on the Platform that are contrary to local or international morals, customs, or regulations, or in any way linked to money laundering and/or the financing of terrorism, human trafficking, arms trafficking, or activities intended to finance, participate in, or support illegal activities.
5.2. It is emphasized that, in all cases, the Account is personal, unique, and non-transferable. It shall be assigned to a single User, and its sale, assignment, or transfer (including reputation) is strictly prohibited under any circumstances. The User shall not allow or authorize third parties to use their Account. The use of the account for any type of commercial purposes on behalf of third parties is strictly prohibited. If such activity is detected, the Account will be immediately closed and/or blocked, and BlockCentral may initiate any legal proceedings it deems necessary to comply with local and international law or to protect the Platform and/or Services.
5.3. In the event of an attack, interruption, service outage, malfunction, or any situation that prevents the normal operation of the Platform for a certain period, the User understands and accepts that the Company may, within 72 hours, review the transactions conducted during that period and make the necessary adjustments. In particular, but not limited to, the Company may review the operations conducted during the period in which the Platform did not operate normally to ensure that they are not disproportionate to the market reality and not contrary to good faith, morals, and commercial practices. The User accepts that the Company may make the necessary adjustments to rectify such operations. Additionally, if the User detects any operations that meet the mentioned characteristics, they may contact to request the corresponding adjustment.
5.4. Errors in internet connection, connectivity, and price feed sometimes create a situation where the prices displayed on the Platform do not accurately reflect market rates. The Company reserves the right, at its sole discretion, to disallow the abusive exploitation of Arbitrage (the concept of using trading strategies to exploit price errors and/or carry out transactions at prices outside the market and/or taking advantage of internet delays, commonly known as "arbitrage," "sniping," or "scalping" hereinafter referred to as "Arbitrage") through our Services or in connection with our Services. Any transaction based on price latency arbitrage opportunities may be revoked at our sole discretion and without prior notice.
5.5. Any indication or suspicion, determined at our sole discretion, of any form of abusive exploitation of Arbitrage (including, among others, trading activity patterns indicating a deliberate attempt to benefit from abusive exploitation), fraud, manipulation, or any other form of deceptive or fraudulent activity, shall render all transactions and/or profits or losses invalid. In such circumstances, we reserve the right to suspend (either temporarily or permanently) the User's account and cancel all transactions.

6. Liquid Decaying NFTs
6.1. BlockCentral introduces a novel concept, 'Liquid Decaying NFTs', as part of its innovative approach to NFTs. Traditional NFTs, while popular, often suffer from a lack of liquidity and volatility in their floor prices. BlockCentral's Liquid Decaying NFTs aim to provide an optimal blend of long-term value and liquidity.
6.2. A limited amount of NFTs will be made available as part of the BlockCentral Viking Collection. Each NFT can be minted at a specified rate.
6.3. These NFTs are designed to pay weekly lifetime rewards to their holders. A designated portion of the total token supply will be locked into a contract. Reward tokens will then be distributed as the total token supply decreases due to token burns and as the contract decays.
6.4. Holders of the BlockCentral NFT Collection have multiple options. They can choose to retain their NFTs, benefiting from the weekly lifetime rewards, or they can choose to liquidate their NFTs, redeeming them for a return, subject to a Redemption Tax.
6.5. From a technical standpoint, a redemption event corresponds to a proportional share of the tokens in the NFT contract, which represents the Redemption Tax. Taxes collected in this way remain within the NFT contract and are redistributed to the remaining NFT holders.
6.6. NFT holders also have the option to sell their NFTs on a secondary market. These transactions will incur a Royalty Fee, payable by the seller, and will be directed to the Treasury.
6.7. BlockCentral encourages NFT holders to make decisions that align with their individual financial strategies. While the value of NFTs may appreciate over time, BlockCentral also provides a convenient exit option via the redemption feature for those who need immediate access to funds.
6.8. The NFT contract is programmed to decay at a predetermined rate over time. This mechanism gradually releases additional tokens into the NFT reward pool, ensuring a consistent flow of rewards and accounting for potential long-term token appreciation.
6.9. In the event of NFT redemption, the continuous decay of the contract will not be affected. It will proceed at the predetermined rate, irrespective of redemption activities.

7. BlockCentralU (BlockCentral University)
7.1. A core component of the Company is its commitment to education. BlockCentralU embodies this commitment, introducing a new Learn 2 Earn (L2E) paradigm. By providing users with micro-targeted, easily digestible tutorials, BlockCentralU enables users to learn and earn rewards simultaneously.
7.2. BlockCentralU covers a broad range of topics, from general cryptocurrency concepts to specific details about BlockCentral. This initiative aims to equip users with comprehensive knowledge, enabling them to navigate the cryptocurrency landscape more confidently and effectively.
7.3. BlockCentral will offer written and video tutorials across its platforms, including the website and the Discord community. These educational materials will guide users through the entire protocol experience, providing instructions on how to use each feature of the decentralized application (dApp), utilize the Swapper and LP creation tools effectively, set custom portfolio settings to maximize personal strategies, and much more.
7.4. The objective of BlockCentral extends beyond facilitating passive income. It is equally committed to fostering a new generation of Smart Users. To this end, the BlockCentral team will introduce a custom dApp following the launch of BlockCentral. This dApp will incentivize learning about BlockCentral, its partner protocols, and the wider crypto-verse.
7.5. By participating in BlockCentralU, users not only enhance their understanding of BlockCentral and the larger crypto ecosystem but also stand to gain rewards for their active learning.
7.6. Limitation of Liability: While BlockCentralU aims to provide accurate and up-to-date information,The Company does not guarantee the validity, accuracy, or completeness of any information provided in its educational resources, nor does it provide a diploma or certification that may be recognized internationally as a university degree or diploma. BlockCentralU is not a certified university and the term “University” in its name is informational and not an obligation on behalf of the Company to be certified as a chartered educational center or university. Users are advised to conduct their own due diligence and consult with a professional advisor before making any investment decisions based on the information provided by BlockCentralU. Blockcentral Inc., its affiliates, and employees will not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data, or other intangible losses resulting from the use of or inability to use the information and services provided by BlockCentralU.

8. Fees, Taxes, and Adjustments
8.1. BlockCentral service involves various fees, royalty payments, taxes, and other charges. The specific details of these charges are communicated within the Service.
8.2. By participating in the Platform and using the Service, you agree to abide by the stipulated fee structure and to promptly pay any and all applicable fees, taxes, and charges. Failure to comply may result in restrictions on access to the Services or other penalties.
8.3. BlockCentral reserves the right to modify, increase, or decrease these fees, royalty payments, taxes, and other charges at any time and for any reason, at its sole discretion. Such changes will be communicated within the service and will take effect immediately, unless otherwise specified.
8.4. It is your responsibility to stay updated on the current fee structure and other associated charges within BlockCentral service. Your continued use of the service following any adjustments constitutes your acceptance of these changes.

10. BlockCentral Treasury and Financial Reporting
9.1. The BlockCentral Treasury is a critical component of BlockCentral, serving as a diversified portfolio designed to generate yield and significant future returns. These earnings are allocated towards various strategic objectives such as treasury growth, BlockCentral token buyback and burn, and further protocol development. The intention is to create continuous and perpetual upward pressure on the value of the native BlockCentral token over the long term.
9.2. BlockCentral commits to transparency and accountability towards its users, who form an essential part of the ecosystem. As part of this commitment, BlockCentral will regularly report on the financial health of the BlockCentral Treasury, including any accrued revenue or losses. This will be achieved through:(a) Weekly Ask Me Anything (AMA) sessions: The BlockCentral core team will conduct weekly AMAs to provide an overview of the state of the BlockCentral Treasury, estimated revenues, token buyback activities, and other pertinent issues. The Company believes this regular, direct engagement with its community is essential for maintaining strong connections with its users.(b) Monthly Treasury Report: At the start of each month, the BlockCentral core team will present a Treasury Report, accompanied by an AMA, to discuss and answer any questions from the community about the state of the Treasury, its diversified portfolio, upcoming developments, and potential new revenue streams.
9.3. Although Blockcentral Inc. or BlockCentral is not a Decentralized Autonomous Organization (DAO), it highly values the input and ideas of its community. BlockCentral always takes these into consideration when conducting business as a representative of the Company, which believes that these regular, in-depth engagements with its community offer an invaluable opportunity for mutual learning and growth.
9.4. Blockcentral Inc., however, disclaims any liability for any losses or damages that may arise due to reliance on the information provided during these AMAs or in the Treasury Reports. Users are advised to exercise their own judgment and discretion when making decisions based on this information.

10. Intellectual Property
10.1. The Service provided by the Company encompasses a wide range of original content, distinctive features, and innovative functionalities that are carefully crafted and designed. It is important to recognize that all of these aspects, collectively referred to as the "Intellectual Property," are and will remain the exclusive property of the Company and its licensors.
10.2. The Company, as the rightful owner, holds the legal rights and protections associated with the Intellectual Property. This includes, but is not limited to, copyrights, trademarks, patents, trade secrets, and any other intellectual property rights recognized by the relevant laws and regulations. These legal protections are in place to safeguard the Company's proprietary assets and ensure their continued integrity and exclusivity.
10.3. In addition to the overall Service, the Company's name, logo, and various related elements also possess significant value and recognition in the marketplace. These distinctive brand elements, as well as any associated names, logos, product and service names, designs, and slogans, are considered trademarks of the Company or its affiliates or licensors.
10.4. Trademarks serve as a visual representation of the Company's brand identity and reputation. They establish a clear association with the Company and its offerings, enabling customers to easily identify and distinguish its products and services from those of competitors. The Company's trademarks are valuable assets that have been developed through extensive effort, creativity, and investment.
10.5. As the exclusive owner of these trademarks, the Company takes proactive measures to protect its intellectual property rights. It is crucial to respect and acknowledge the ownership of these trademarks and refrain from unauthorized use or infringement. Any unauthorized use or reproduction of the Company's trademarks is strictly prohibited and may be subject to legal action.
10.6. The Interface may include references or links to external resources provided by third parties, such as information, materials, products, or services. It is important to note that we do not have ownership or control over these third-party resources. Furthermore, third parties may offer promotions related to your use of the Interface. We want to emphasize that we do not endorse or take responsibility for any of these resources or promotions.If you decide to access or utilize any of these third-party resources or engage in promotions associated with them, it is at your own discretion and risk. Please be aware that this Agreement does not govern or apply to your interactions or relationships with any third parties. Consequently, you explicitly release us from any liability that may arise from your use of such external resources or participation in any associated promotions.

11. Risk
11.1. By accessing and using the Platform, you confirm that you understand the inherent risks associated with using cryptographic and blockchain-based systems. It is important to have a working knowledge of the usage and intricacies of digital assets within these systems, including various cryptocurrencies and tokens operating on blockchain networks. These digital assets may exhibit high volatility in their markets due to factors such as adoption, speculation, technology, security, and regulation.
11.2. You acknowledge that the cost and speed of transacting within cryptographic and blockchain-based systems can vary significantly and may experience sudden and substantial fluctuations. Additionally, you understand the risk that your digital assets may lose value while they are supplied to the Protocol or utilized within the system.

12. Conditional Protocol Repletion and Abeyance
12.1. While BlockCentral is built to operate for as long as the viability of crypto prevails, we understand the need for safeguards in diverse market conditions. As such, contingencies are in place to ensure the interests of BLOC token holders, particularly when the protocol approaches full maturation, and the Treasury is robust while the token supply is significantly reduced.
12.2. Under such circumstances, it may be beneficial to liquidate non-native assets and distribute the value proportionately to holders. This measure, referred to as "Conditional Protocol Repletion and Abeyance," can be considered under the following conditions:
(a) At least 50.1% of the initial token supply (260 million) has been burned and destroyed.
(b) The backing value of the token, excluding native token value, is at least 50% higher than the current trading value of the native token.
(c) An on-chain vote conducted via immutable smart contract results in more than 66.67% of liquid tokens voting in favor of the repletion and abeyance. Note: Native tokens in team-supplied liquidity pools and NFT contracts are not included in the voting total to ensure maximum token holder influence over the vote outcome.
12.3. If the conditions for Repletion and Abeyance are met and approved, open trading of the native token will be immediately suspended to preserve final value and prevent impermanent loss for users providing liquidity.
12.4. Following the approval, there will be a 30-day window during which the team will make every effort to inform all users about the repletion and abeyance of the protocol. This period allows liquidity providers in yield farms to dissociate their liquidity pool tokens.
12.5. In the subsequent 30 days, the treasury will continue to accrue yield and prepare for liquidation. After this period, the treasury will be swiftly converted into a stablecoin (at the team's discretion), and 100% of the treasury will be distributed to user wallets according to their proportion of native token holdings.
12.6. Upon completion of these steps, the protocol will officially cease operations.13.7. At this point, NFTs can be redeemed at the current backing token value in the contract without incurring any fees.

13. Limitation of Liability
13.1. To the maximum extent permitted by law, The Company, its affiliates, officers, directors, employees, agents, suppliers, or licensors will not be liable for any indirect, incidental, special, consequential, punitive damages, or any other damages or losses (including data loss and damage to your computer system), whether based in contract, tort, strict liability, or otherwise, arising out of or in connection with your use of the Service.
13.2. Users accept that, to the extent permitted by applicable law, in no event will the Company or its affiliates, officers, directors, shareholders, employees, agents or partners be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.

14. Indemnity
14.1. By agreeing to these Terms, you accept to absolve, release, safeguard, and indemnify the Company, as well as our officers, directors, employees, contractors, agents, affiliates, and subsidiaries, from any and all claims, damages, obligations, losses, liabilities, coBLOC, and expenses that may arise from the following:
(a) Your access and use of the Services.
(b) Your violation of any term or condition stated in this Agreement, infringement upon the rights of any third party, or any other applicable law, rule, or regulation.
(c) Any other party's access and use of the Platform facilitated by your assistance or through any device or account that you own or control.

15. Changes to the Terms
15.1. Blockcentral Inc. reserves the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material, we will make reasonable efforts to provide at least 30 days' notice before any new terms take effect. By continuing to access or use our Service after any revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, you are no longer authorized to use the Service.

16. Severability
16.1. If any provision of these Terms is found to be invalid or unenforceable by a court, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms, which shall remain in full force and effect. No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term, and the Company's failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.

17. Governing Law and Jurisdiction
17.1. The governing law for this Agreement will be the law of the Republic of Panama. You agree that all aspects of this Agreement, including any disputes, will be governed by the laws of the Republic of Panama.
17.2. You agree that any dispute, claim, or controversy arising out of or relating to these Terms or their breach, termination, enforcement, interpretation, or validity, or the use of the Service (collectively, "Disputes"), shall be resolved through the ordinary tribunals of the Republic of Panama. Both parties retain the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent actual or threatened infringement, misappropriation, or violation of copyrights, trademarks, trade secrets, patents, or other intellectual property rights.

18. Entire Agreement
18.1. These Terms constitute the entire agreement between you and Blockcentral Inc. with respect to your use of the Service and any other subject matter hereof and supersede and replace all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter.

19. Force Majeure
19.1. In the event of a Force Majeure Event that prevents Blockcentral Inc. from fulfilling its obligations under these Terms, including but not limited to acts of God, natural disasters, war, terrorism, government actions, or any other unforeseeable and unavoidable event beyond the control of Blockcentral Inc., Blockcentral Inc. shall be excused from the performance of its obligations for the duration of the event. Blockcentral Inc. shall promptly notify the other party in writing and make reasonable efforts to mitigate the impact of the event. The timeframe for Blockcentral Inc. 's obligations will be extended for a period equal to the duration of the Force Majeure Event. Blockcentral Inc. shall not be liable for any damages or penalties arising from the non-performance or delay caused by the Force Majeure Event.

20. Assignment
20.1. Blockcentral Inc. reserves the right to assign, transfer, or delegate any or all of its rights and obligations under these Terms and Conditions to any third party without prior notice or consent from the User. The User acknowledges and agrees that Blockcentral Inc. may freely assign its rights and obligations under these Terms and Conditions in connection with a merger, acquisition, reorganization, or sale of all or substantially all of its assets. The User shall not have the right to assign or transfer its rights or obligations under these Terms and Conditions without the prior written consent of Blockcentral Inc. Any attempted assignment or transfer in violation of this clause shall be null and void, and the User may face the termination of his/her account, at the sole discretion of Blockcentral, Inc.

21. Waiver
21.1. The failure of Blockcentral Inc. to enforce any right or provision of these Terms and Conditions shall not be deemed as a waiver of such right or provision. The waiver of any breach of these Terms will not constitute a waiver of any subsequent breaches. No waiver by Blockcentral Inc. of any term or condition set forth in these Terms and Conditions shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition. Any waiver must be in writing and signed by an authorized representative of Blockcentral Inc. to be effective.

22. Contact
22.1. If you have any questions, concerns, or inquiries regarding these Terms, please feel free to contact us at support@blockcentral.io. We will make our best effort to respond to your inquiries in a timely manner. Your feedback and communication are important to us as we strive to provide a transparent and reliable service.