Terms of Service

1. Introduction and Acceptance

These Terms of Service ("Terms") govern your access to and use of the website at markov.fyi and the Float application and Telegram bot (together, the "Interface"), operated by [ENTITY NAME] SPC, a segregated portfolio company [in formation] under the laws of the Cayman Islands ("the Entity", "we", "us", "our").

By accessing the website, using the Interface, or acquiring MRKV tokens, you accept these Terms. If you do not accept them, do not use the website or the Interface.

Three separate things are involved here, and it matters which is which:

• The website and the Interface. We operate these. These Terms govern them. We may change, suspend, or discontinue them at any time.
• The Protocol. Autonomous software deployed on the Solana blockchain. Once deployed it runs on its own. Anyone can interact with it directly using their own tooling, without the Interface and without agreeing to these Terms. We do not control it, cannot pause it on your behalf, and cannot reverse what it does.
• The Futardio raise. Any acquisition of MRKV through Futardio (futard.io) is additionally governed by Futardio's own platform terms and by MetaDAO's mechanics. Those are separate agreements between you and those platforms. Read them before participating.

Where these Terms and the behaviour of the Protocol differ, the Protocol governs in fact: deployed code does what it does regardless of what any document says.

2. Definitions

• Protocol — the Markov smart contracts deployed on Solana, including the mandate program and its associated accounts.
• Interface — the markov.fyi website, the Float web application, and the Float Telegram bot.
• Mandate — a policy-bounded, revocable grant of authority created through the Protocol, under which an Operator may execute transactions using assets held in a program-owned vault.
• Owner — the party who funds a Mandate and retains withdrawal authority and the power to revoke.
• Operator — an independent third party granted authority under a Mandate. May be a human strategist or an automated system.
• Agent — an Operator that is an automated or AI-driven system.
• Token — MRKV, the token launched via Futardio.
• DAO — the market-governed organisation holding the treasury, project intellectual property, and control of the Protocol fee switch.
• Treasury — assets held by the DAO, subject to onchain monthly spending limits.
• Futarchy — the decision-market governance process, conducted on metadao.fi, by which DAO proposals are accepted or rejected.
• Digital Assets — cryptographic tokens, coins, and similar blockchain-based assets.
• Wallet — the self-custodial software or hardware you use to hold keys and sign transactions.

3. Non-Custodial Nature

The Entity never takes custody, possession, or control of your Digital Assets. We do not hold your keys. We do not hold your funds. At no point does any asset of yours pass through an account we control.

When you use the Interface, you interact with the Solana blockchain directly through your own Wallet. The Interface constructs transactions and displays information; you approve and sign every transaction. Assets committed to a Mandate sit in a program-owned vault from which only the Owner can withdraw.

You are solely responsible for:

• the security of your Wallet, seed phrase, and private keys;
• reviewing and understanding every transaction before you approve it;
• the policy parameters you configure on any Mandate you create;
• maintaining access to your own keys.

We cannot reverse a transaction, recover a lost key or seed phrase, freeze a vault, restore access to a Wallet, or retrieve assets sent to a wrong address. These are properties of the blockchain, not policy choices we can make exceptions to.

4. Third-Party Operators and AI Agents

Operators are independent third parties. They are not our employees, agents, partners, joint venturers, or representatives, and we make no statement about them beyond what the Protocol records.

We do not endorse, vet, supervise, monitor, or guarantee any Operator, Agent, or strategy. This includes any Operator or Agent described as "first-party" or operated by parties connected to the Entity: those are provided as-is, on the same terms as any other, and carry no assurance of performance, availability, or care.

Delegation is at your sole risk. When you create a Mandate you choose the Operator and you set the policy. Policy limits — venue and token allowlists, per-transaction and daily caps, spend budgets, expiry — constrain what an Operator can do. They do not ensure a good outcome. An Operator acting entirely within the policy you set can still lose some or all of the assets in the Mandate, and that outcome is your responsibility.

Agents may behave unpredictably or erroneously. Automated and AI-driven systems can misread market conditions, act on stale or manipulated data, contain defects, or fail in ways their authors did not anticipate. Nothing about a system being automated makes it careful.

You are responsible for monitoring your Mandates and for exercising revocation when you judge it appropriate. Revocation is available to you at any time; whether and when to use it is your decision alone.

Track-record data, receipts, scores, rankings, and any similar information shown in the Interface are informational only. They describe what has been recorded onchain. They are not recommendations, endorsements, assurances of future behaviour, or advice, and they may be incomplete, delayed, or wrong.

5. Token Terms

MRKV confers governance rights exercised through futarchy decision markets over the DAO treasury, the project's intellectual property, and the Protocol fee switch. That is the full extent of what the Token does.

• The Token is not offered as an investment. No representation is made as to income, yield, distribution, or appreciation in value.
• The Token may lose all of its value.
• Token supply is not fixed and may be changed by governance proposal.
• Governance outcomes bind all holders, including holders who voted against a proposal or did not participate. Proposals may be adverse to your interests — including, without limitation, proposals to liquidate the Treasury, alter supply, change the fee switch, or dispose of project intellectual property.
• Acquiring Tokens through the ICO is subject to Futardio's mechanics, including its refund conditions, allocation rules, and timing. Those mechanics are operated by Futardio, not by us.
• There are no dividends, revenue shares, or distributions attaching to the Token. Any benefit a holder obtains arises solely from onchain governance mechanics.

Holding the Token does not create any ownership interest in the Entity, any claim on its assets, any creditor relationship, or any right to any payment.

6. Eligibility and Restricted Persons

You represent and warrant that you are at least 18 years old, have the legal capacity to enter into these Terms, and are acting for your own benefit and not on behalf of any undisclosed party.

You further represent and warrant that you are not:

• identified on any sanctions list maintained by the United States (including OFAC's SDN list), the United Nations, the European Union, or the United Kingdom;
• owned or controlled by, or acting on behalf of, any such person;
• located in, organised under the laws of, or resident in any comprehensively sanctioned jurisdiction, including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.

[COUNSEL DECISION — jurisdictional exclusions for Token acquisition. Include exactly one of the following, and specify any additional excluded jurisdictions.]

[OPTION A — exclude U.S. persons: You further represent that you are not a U.S. person as defined in Regulation S under the U.S. Securities Act of 1933, are not located in the United States, and are not acquiring Tokens for the account or benefit of any U.S. person. The Tokens have not been registered under the securities laws of any jurisdiction and may not be offered or sold in the United States or to U.S. persons. [Add any further excluded jurisdictions here.]]

[OPTION B — do not exclude U.S. persons: No representation as to U.S. person status is required under these Terms. You remain solely responsible for determining whether your acquisition or holding of Tokens is lawful in your jurisdiction, and for any registration, filing, reporting, or tax obligation arising from it. [Confirm with counsel that this position is defensible given the offering structure.]]

You are solely responsible for determining whether your use of the Interface, the Protocol, or the Token is lawful where you are. We make no statement that any of them is available or appropriate for use in any particular jurisdiction.

7. No Advice; No Fiduciary Relationship

Nothing on the website, in the Interface, in the litepaper, or in any communication from us or any contributor is financial, investment, legal, accounting, or tax advice. Nothing is a recommendation to acquire, hold, or dispose of any Digital Asset, or to enter into any Mandate with any Operator.

No fiduciary, advisory, trustee, or agency relationship is created between you and the Entity by these Terms, by your use of the Interface, or by your holding of the Token. We owe you no duty of care in respect of your financial decisions.

Do your own research. Consult your own professional advisers before making any decision.

8. Assumption of Risk

You acknowledge and accept the following risks. This list is not exhaustive.

Smart contract risk. The Protocol is software and may contain defects. Defects may be exploited, causing partial or total loss of assets. This applies to the Markov contracts, to every integrated venue the Protocol interacts with, and to the Futardio and MetaDAO contracts involved in the Token launch and governance.

Experimental software. The Protocol is experimental. Its security status is: [unaudited as of launch / independent security review completed DATE / audited by FIRM, DATE]. An audit or review reduces the likelihood of defects; it does not eliminate it, and an audited contract can still fail. Futardio likewise describes its own platform as experimental technology.

Total loss. You may lose everything you commit — to a Mandate, to the Token, or to any transaction. Do not commit assets you cannot afford to lose entirely.

Operator conduct. An Operator may act incompetently, negligently, or dishonestly. Within the policy bounds you set, such conduct may still cause loss, and the Protocol will execute it because it is permitted.

Agent failure. Automated and AI systems may fail, hallucinate, act on corrupted inputs, or behave in ways no one predicted.

Blockchain risk. Solana may experience congestion, degraded performance, outages, forks, or reorganisations. Transactions may fail, be delayed, or be reordered. Value may be extracted from your transactions by third parties observing the mempool (MEV). Network fees may change.

Market risk. Digital Assets are volatile and may become illiquid. Prices can move sharply and without warning. There may be no market for the Token at any given time.

Regulatory risk. The legal treatment of Digital Assets, decentralised protocols, governance tokens, and automated trading is unsettled and varies by jurisdiction. Laws may change. Regulators may take action adverse to the Protocol, the Token, the Entity, the DAO, or you, and such action may affect value, availability, or your ability to transact.

Governance risk. Futarchy governance may pass proposals that you oppose, including proposals to liquidate the Treasury, change Token supply, alter the fee switch, or dispose of intellectual property. Decision markets may be thin, manipulated, or produce outcomes that are wrong on the merits. You have no veto.

Third-party infrastructure. The Interface depends on services we do not control, including RPC providers, oracles, wallet software, indexers, hosting providers, and Telegram. Any of these may fail, return incorrect data, or be compromised.

Phishing and fraud. Third parties may impersonate the Entity, the Interface, or Operators in order to steal your assets. Always verify the domain and never disclose your seed phrase to anyone, including anyone claiming to be us. We will never ask for it.

Tax. You are solely responsible for determining and discharging any tax obligation arising from your activity, and for any resulting filings and payments.

9. Forward-Looking Statements

Roadmaps, milestones, phases, dates, and planned features described in the litepaper, on the website, or in launch materials are good-faith targets stated at a point in time. They are not commitments, promises, or contractual obligations.

Development priorities may change, be delayed, be reordered, or be abandoned — including as a result of governance decisions that are outside our control. Do not rely on any forward-looking statement in making a decision.

10. Prohibited Uses

You must not use the website, the Interface, or the Protocol to:

• evade sanctions, or transact with any sanctioned person or jurisdiction;
• launder money, finance terrorism, or handle the proceeds of crime;
• commit fraud or deceive any person;
• manipulate any market, including through wash trading, spoofing, or coordinated activity intended to distort prices, scores, or track records;
• attack, exploit, disrupt, or attempt to gain unauthorised access to the Protocol, the Interface, or any related infrastructure;
• scrape, crawl, reverse engineer, overload, or otherwise interfere with the Interface, except as permitted by applicable open-source licences or mandatory law;
• carry on any activity unlawful in any jurisdiction applicable to you;
• access or use anything covered by these Terms if you are a restricted person under Section 6.

We may restrict access to the Interface where we believe on reasonable grounds that it is being used in breach of this Section. We cannot restrict access to the Protocol itself.

11. Intellectual Property

The website, the Interface, the "Markov" and "Float" names, logos, and other brand assets, and the content and design of the website are owned by the Entity on behalf of the DAO, and are protected by intellectual property law.

Open-source components of the Protocol and SDKs are licensed under [Apache-2.0 / MIT] and your use of them is governed by that licence, not by this Section. The open-source licence grants rights in the code only. It does not grant any right to use the "Markov" or "Float" names, logos, or other brand assets, whether to identify your own product, to suggest endorsement, or otherwise.

12. Privacy

Blockchain data is public. Wallet addresses, transactions, mandate parameters, receipts, and refusals recorded onchain are visible to anyone and are outside our control. We cannot delete, amend, or restrict access to them. Blockchain activity may be linked to your identity by third parties through analysis we neither perform nor control.

The Interface may collect limited technical and analytics data, such as IP address, browser or device type, and pages viewed, for the purpose of operating and improving it. The Telegram bot processes the Telegram identifiers necessary to deliver alerts and accept commands.

We do not sell personal data.

[If a standalone Privacy Policy is published, link it here and reduce this Section to a pointer.] Privacy enquiries: [support@29projectslab.com].

13. Disclaimers and Limitation of Liability

The website, the Interface, and any information provided through them are supplied "AS IS" and "AS AVAILABLE". To the maximum extent permitted by law, we disclaim all warranties, whether express, implied, statutory, or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement, and any warranty that the Interface will be uninterrupted, timely, secure, accurate, or error-free.

To the maximum extent permitted by law, the Entity, the DAO, and their respective contributors, officers, and service providers will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of revenue, anticipated economic benefit, data, goodwill, or Digital Assets, arising out of or relating to these Terms, the Interface, the Protocol, or the Token, whether in contract, tort, or otherwise, and whether or not we were advised of the possibility of such loss.

To the maximum extent permitted by law, our aggregate liability arising out of or relating to these Terms is limited to the greater of US$100 or the total amount you paid to the Entity for the services in the twelve months preceding the event giving rise to the claim.

Nothing in these Terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for fraud or fraudulent misrepresentation, or for death or personal injury caused by negligence.

14. Indemnification

You will indemnify, defend, and hold harmless the Entity, the DAO, and their respective contributors, officers, and service providers from and against any claim, demand, action, loss, liability, damage, cost, or expense (including reasonable legal fees) arising out of or relating to: your breach of these Terms; your use of the Interface, the Protocol, or the Token; your violation of any law or of the rights of any third party; or any Mandate you create, fund, operate, or participate in.

15. Governing Law and Disputes

These Terms and any dispute arising out of or in connection with them are governed by the laws of the Cayman Islands, without regard to conflict-of-laws principles.

[COUNSEL DECISION — dispute resolution. Select one.]

[OPTION A — binding arbitration: Any dispute arising out of or in connection with these Terms shall be referred to and finally resolved by binding arbitration under the [RULES — e.g. ICC Rules of Arbitration / LCIA Rules], which rules are deemed incorporated by reference. The seat of arbitration shall be [SEAT]. The tribunal shall consist of [NUMBER] arbitrator(s). The language of the arbitration shall be English. The award shall be final and binding.]

[OPTION B — Cayman courts: The courts of the Cayman Islands shall have exclusive jurisdiction to settle any dispute arising out of or in connection with these Terms, and each party irrevocably submits to that jurisdiction.]

[FOR COUNSEL REVIEW — class action and jury trial waiver. Enforceability varies by jurisdiction and this clause may be void or may need to be omitted or narrowed depending on the outcome of the U.S. person decision in Section 6.]

[Draft: To the maximum extent permitted by law, each party agrees that disputes will be brought solely in that party's individual capacity, and not as a plaintiff or class member in any purported class, collective, or representative proceeding, and each party waives any right to trial by jury.]

16. General

Amendments. We may amend these Terms. Amended Terms will be posted here with an updated "Last updated" date. Material changes will be indicated where practicable. Your continued use of the website or the Interface after an amendment takes effect constitutes acceptance of it. If you do not accept an amendment, stop using the website and the Interface.

Severability. If any provision is held invalid or unenforceable, it will be modified to the minimum extent necessary to make it enforceable, or severed if it cannot be, and the remaining provisions will continue in full force.

No waiver. Our failure or delay in enforcing any provision is not a waiver of it, and no single or partial exercise of any right precludes any further exercise.

Assignment. You may not assign or transfer these Terms or any rights under them without our prior written consent. We may assign them, including to a successor entity or to the DAO, without restriction.

Entire agreement. These Terms constitute the entire agreement between you and the Entity in respect of the website and the Interface, and supersede any prior understanding on that subject. They do not supersede the terms of Futardio, MetaDAO, or any open-source licence, each of which applies on its own terms.

Survival. Sections 3, 4, 5, 7, 8, 9, 11, 13, 14, 15, and 16 survive termination of these Terms or your discontinued use of the Interface.

Contact. [support@29projectslab.com]