1. Disclaimers and Limitations of Liability
Krown Technologies Inc. ("Krown Technologies"), the issuer of KROWN Coin, together with its subsidiaries (including Krown Network), affiliates, licensors, and their respective employees, agents, and contractors (collectively, "Krown Parties"), provides KROWN Coin and related services on an "as is" and "as available" basis. To the fullest extent permitted by applicable law, the Krown Parties:
Make no express warranties and disclaim all implied warranties, including but not limited to merchantability, fitness for a particular purpose, non-infringement, accuracy, or reliability, regarding KROWN Coin, associated smart contracts, blockchain technology, or third-party services (e.g., digital wallets or marketplaces).
Are not responsible for losses arising from user error (e.g., forgotten passwords, incorrect transactions), unauthorized access (e.g., hacking, phishing), server failures, data loss, or issues with blockchain networks or digital wallets.
Key Risks You Acknowledge:
Experimental Nature: Blockchain and smart contract technologies are evolving and experimental, with potential vulnerabilities or bugs that could affect functionality.
Security: Online transactions carry inherent risks, including loss of funds due to hacks, theft, or compromised wallets.
Irreversible Transactions: KROWN Coin exists solely on the blockchain; transactions are immutable, and losses (e.g., sending tokens to the wrong address) cannot be reversed.
Volatility: Cryptocurrency values can fluctuate significantly, and you may lose all or part of your investment.
The Krown Parties shall not be liable for any indirect, incidental, special, consequential, or exemplary damages—such as loss of profits, goodwill, data, or business opportunities—arising from your use of KROWN Coin, even if advised of such possibilities. The total aggregate liability of the Krown Parties is capped at the amount you paid to Krown Technologies, if any, in the 12 months prior to your claim. Note that some jurisdictions may not allow the exclusion of certain damages (e.g., for personal injury), and these limitations will apply only to the extent permitted by law.
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