reloop.social

Terms of Service

Last Updated: January 19, 2025

1. Agreement to Terms

By accessing or using the Reloop website, interface, or any associated services (collectively, the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not access or use the Service.

These Terms constitute a legally binding agreement between you and the operators of Reloop regarding your use of the Service. Please read them carefully.

2. Description of the Service

Reloop is a user interface and frontend application only. The Service provides a graphical interface that enables users to interact with the Clanker protocol, a decentralized, autonomous smart contract system deployed on the Base network.

We do not:

  • Deploy, control, or operate the Clanker protocol or any underlying smart contracts
  • Create, issue, or distribute any tokens
  • Custody, hold, or control any user funds or digital assets
  • Execute trades or transactions on behalf of users
  • Provide investment advice, financial services, or broker-dealer services
  • Guarantee any outcomes, returns, or token values

All token deployments, liquidity pool creation, and related blockchain operations are executed by the Clanker protocol smart contracts on the Base network. The Service merely provides a convenient way to construct and submit transactions to these autonomous protocols.

3. User Responsibilities and Compliance

You are solely responsible for:

  • Ensuring your use of the Service complies with all applicable laws and regulations in your jurisdiction
  • Understanding the legal implications of creating, distributing, or acquiring digital tokens
  • Complying with all applicable tax obligations arising from your activities
  • Maintaining the security of your wallet, private keys, and authentication credentials
  • Verifying all transaction details before submission to the blockchain
  • Understanding the technical and financial risks associated with blockchain transactions

We make no representations regarding the legality of the Service or any tokens in any jurisdiction. You acknowledge that digital assets and decentralized finance are subject to evolving regulatory frameworks worldwide.

4. Eligibility

By using the Service, you represent and warrant that:

  • You are at least 18 years old or the age of legal majority in your jurisdiction
  • You have the legal capacity to enter into these Terms
  • You are not located in, or a citizen or resident of, any jurisdiction where the use of the Service would be illegal or otherwise violate any applicable law
  • You are not subject to economic or trade sanctions administered by any governmental authority
  • You are not on any list of prohibited or restricted parties

5. No Securities Offerings

The Service does not facilitate securities offerings. Tokens created through the Clanker protocol are intended for community, utility, social, or entertainment purposes only.

You acknowledge and agree that:

  • No tokens accessible through the Service are intended to be securities, investment contracts, or financial instruments
  • No expectation of profit should be derived from purchasing or holding any token
  • Token values are inherently volatile and may decrease to zero
  • Past performance of any token is not indicative of future results
  • You should not rely on any information on the Service as investment advice

If you are uncertain whether a token may constitute a security in your jurisdiction, you should seek independent legal counsel before using the Service.

6. No Financial or Investment Advice

Nothing on the Service constitutes financial, investment, legal, or tax advice. All content, information, and data provided through the Service is for informational purposes only.

You should not make any financial decision based on information available through the Service without consulting qualified professionals. The operators of Reloop are not registered financial advisors, broker-dealers, or investment advisors.

DO NOT contribute funds to any token launch that you cannot afford to lose entirely.

7. Prohibited Uses

You agree not to use the Service to:

  • Violate any applicable law, regulation, or third-party rights
  • Engage in fraud, deception, or market manipulation
  • Create tokens that infringe intellectual property rights of others
  • Facilitate money laundering, terrorist financing, or other illicit financial activities
  • Circumvent sanctions or export control laws
  • Create tokens impersonating other entities, projects, or individuals
  • Conduct pump-and-dump schemes or other market manipulation
  • Interfere with or disrupt the Service or servers
  • Attempt to gain unauthorized access to any part of the Service
  • Use automated systems to access the Service in a manner that exceeds reasonable use
  • Harvest or collect user information without consent

8. Risk Acknowledgment

By using the Service, you acknowledge and accept the following risks:

  • Volatility Risk: Digital asset prices are highly volatile and may fluctuate significantly
  • Smart Contract Risk: Smart contracts may contain bugs, vulnerabilities, or behave unexpectedly
  • Protocol Risk: The Clanker protocol is autonomous and may be upgraded or modified
  • Liquidity Risk: Tokens may have limited liquidity or become illiquid
  • Regulatory Risk: Regulatory changes may affect the legality or operation of the Service
  • Technology Risk: Network congestion, blockchain forks, or technical failures may affect transactions
  • Total Loss Risk: You may lose your entire contribution or investment
  • Irreversibility: Blockchain transactions are irreversible once confirmed

This list is not exhaustive. You should carefully consider whether using the Service is appropriate for you in light of your circumstances and financial resources.

9. Intellectual Property

The Service, including its original content, features, and functionality, is owned by the operators of Reloop and is protected by copyright, trademark, and other intellectual property laws.

You are granted a limited, non-exclusive, non-transferable license to access and use the Service for its intended purpose. This license does not include the right to modify, copy, distribute, or create derivative works of the Service.

10. User Content

When you create a token launch through the Service, you may provide content including token names, symbols, descriptions, and images. You represent and warrant that:

  • You own or have the necessary rights to use such content
  • Your content does not infringe any third-party intellectual property rights
  • Your content is not defamatory, obscene, or otherwise objectionable
  • Your content does not violate any applicable laws

We reserve the right to remove or disable access to any content that violates these Terms, without prior notice.

11. Vault Token Allocation and Distribution

Token launches facilitated through the Service may include a "vault" allocation - a portion of tokens reserved for future use. You acknowledge and agree that:

  • Token creators and project teams have sole discretion over the use and distribution of vault tokens
  • Vault tokens may be allocated to rewards campaigns, community incentives, airdrops, or promotional activities
  • Vault tokens may be used for compensation to contractors, service providers, developers, or other contributors
  • Vault tokens may be distributed to advisory board members, strategic partners, or consultants
  • Vault tokens may be used for liquidity provision, market-making, or other operational purposes
  • The timing, recipients, and amounts of vault token distributions are determined solely by the token creator

For the $RELOOP token specifically: The operators of Reloop reserve the right to allocate vault tokens (the "Liquidity Loop" allocation) for:

  • Rewards campaigns to incentivize platform usage and community growth
  • Compensation to contractors, developers, and service providers
  • Advisory board compensation and strategic partnerships
  • Liquidity provision and market operations
  • Any other purpose deemed beneficial to the protocol at our sole discretion

Vault token allocations may result in dilution of existing token holdings. You should not expect any particular distribution schedule or that vault tokens will remain locked indefinitely.

12. $RELOOP Token Disclaimer

The $RELOOP token is the native token of the Reloop platform. By acquiring, holding, or interacting with $RELOOP, you acknowledge and agree to the following:

Origin and History

$RELOOP was created as a successor token following a security incident affecting a prior token ("LOOP"). The prior token's liquidity structure was compromised due to a third-party security breach. $RELOOP represents a new token with no legal, contractual, or financial connection to the prior token beyond an airdrop to former holders based on a pre-incident snapshot.

Token Distribution

The $RELOOP token distribution includes allocations for airdrop (community distribution), presale contributors, liquidity provision, and vault reserves. These allocations are subject to change and should not be relied upon as guarantees. The operators reserve the right to modify distribution parameters before or after token deployment.

Staking and Rewards

$RELOOP may be staked to earn a share of platform fees. You acknowledge that:

  • Staking rewards are not guaranteed and may fluctuate based on platform volume
  • Fee percentages and distribution mechanisms may change at any time
  • Smart contract risks apply to all staking activities
  • Past rewards are not indicative of future earnings
  • Staking does not guarantee any return on investment

No Guarantees

We make no representations or warranties regarding the value, utility, or future development of $RELOOP. The token is provided "as is" and you acquire it at your own risk. The token may have no value, may become illiquid, and may be affected by regulatory actions in various jurisdictions.

13. Third-Party Tokens and Projects

The Service allows third parties to create and launch their own tokens. You expressly acknowledge and agree that:

No Endorsement

  • We do not endorse, recommend, or vouch for any third-party token or project
  • The presence of a token on the platform does not constitute approval or verification
  • We do not audit, verify, or review the code, tokenomics, or claims of any project
  • We do not verify the identity, credentials, or intentions of token creators
  • Display of any token on the Service is not investment advice or a recommendation

Creator Responsibility

Each token creator is solely responsible for:

  • The accuracy and truthfulness of all information provided about their token
  • Compliance with all applicable laws and regulations in relevant jurisdictions
  • The management, governance, and development of their token project
  • Communications with their token holders and community
  • All decisions regarding vault token allocation, team compensation, and treasury management
  • Any promises, roadmaps, or commitments made to token holders
  • Smart contract security and any vulnerabilities in their deployed contracts

No Liability for Third-Party Actions

We are not responsible or liable for:

  • Any actions taken by third-party token creators or project teams
  • Misrepresentations, fraud, or deceptive practices by token creators
  • Token price performance, volatility, or loss of value
  • Rug pulls, abandoned projects, or unfulfilled promises
  • Disputes between token creators and their token holders
  • Security breaches, hacks, or exploits affecting third-party tokens
  • Regulatory actions taken against third-party tokens or their creators
  • Any losses you incur from contributing to or acquiring third-party tokens

Due Diligence Required

YOU MUST CONDUCT YOUR OWN RESEARCH before contributing to any token launch. This includes but is not limited to: reviewing the project's documentation, researching the team and their history, understanding the tokenomics, evaluating the smart contracts, and assessing all associated risks. Never contribute more than you can afford to lose entirely.

14. Disclaimer of Warranties

THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.

We expressly disclaim all warranties, including but not limited to:

  • Warranties of merchantability and fitness for a particular purpose
  • Warranties of non-infringement
  • Warranties that the Service will be uninterrupted, secure, or error-free
  • Warranties regarding the accuracy, reliability, or completeness of any information
  • Warranties regarding the outcome of any token launch or contribution

Your use of the Service is at your sole risk. We do not warrant that the Service will meet your requirements or achieve any particular results.

15. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE OPERATORS OF RELOOP.SOCIAL SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, USE, OR OTHER INTANGIBLE LOSSES.

This limitation applies regardless of whether such damages arise from:

  • Your use or inability to use the Service
  • Any transactions conducted through the Service
  • Smart contract failures, exploits, or vulnerabilities
  • Unauthorized access to your wallet or accounts
  • Loss or depreciation in value of any digital assets
  • Errors in any blockchain network
  • Actions or inactions of third parties

IN NO EVENT SHALL OUR TOTAL LIABILITY EXCEED ONE HUNDRED DOLLARS ($100) OR THE AMOUNT YOU PAID TO USE THE SERVICE, WHICHEVER IS LESS.

16. Indemnification

You agree to indemnify, defend, and hold harmless the operators of Reloop and their affiliates, officers, directors, employees, and agents from any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney's fees) arising from your use of the Service, your violation of these Terms, your violation of any applicable law, or your violation of any third-party rights.

17. Third-Party Services

The Service may interact with or depend on third-party services, including but not limited to:

  • The Base blockchain network
  • The Clanker protocol smart contracts
  • Uniswap V4 decentralized exchange protocol
  • Wallet providers and browser extensions
  • The x402 payment protocol
  • Farcaster and Neynar for social identity

We have no control over these third-party services and are not responsible for their availability, functionality, or security. Your use of third-party services is governed by their respective terms and policies.

18. Modifications to Terms and Service

We reserve the right to modify these Terms at any time. If we make material changes, we will update the "Last Updated" date at the top of this page. Your continued use of the Service after any modifications constitutes acceptance of the updated Terms.

We may also modify, suspend, or discontinue the Service (or any part thereof) at any time without notice or liability.

19. Termination

We may terminate or suspend your access to the Service immediately, without prior notice or liability, for any reason, including if you breach these Terms. Upon termination, your right to use the Service will cease immediately. All provisions of these Terms that by their nature should survive termination shall survive.

20. Dispute Resolution

Any dispute arising from these Terms or your use of the Service shall first be attempted to be resolved through informal negotiation. If informal resolution is unsuccessful, any disputes shall be resolved through binding arbitration in accordance with the rules of a mutually agreed-upon arbitration provider.

Class Action Waiver: You agree to resolve any disputes on an individual basis and waive any right to participate in a class action lawsuit or class-wide arbitration.

21. Governing Law

These Terms shall be governed by and construed in accordance with applicable law, without regard to conflict of law principles. You consent to the exclusive jurisdiction of the courts in the applicable venue for any disputes not subject to arbitration.

22. Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

23. Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and us regarding the Service. These Terms supersede any prior agreements or understandings relating to the subject matter hereof.

24. Contact Information

If you have any questions about these Terms, please contact us through the official Reloop channels on Farcaster or through the contact methods provided on the platform.