Token Distribution Disclaimer

To any and all prospective holders, purchasers, assignees, or transferees (“You” or “Your”, as applicable) of the Xave Finance tokens, XAV ERC-20 (“Xave Finance Tokens”), by your participation in the relevant token distribution and interaction with the materials herein and with the Xave Finance Tokens themselves, You acknowledge Your understanding and agreement with the disclaimers herein:

You represent and warrant You are not: (i) in violation of any laws relating to economic sanctions, anti-money laundering, or anti-corruption; (ii) restricted or prohibited in dealings by a global sanctions authority (including but not limited to the Security Council of the United Nations, the European Union, or the U.S. Office of Foreign Assets and Control) (a "Sanctions Authority"), (iii) a citizen of or domiciled in a jurisdiction where it would be illegal according to Applicable Law for you to access or use the Xave Finance Services or Xave Finance Trading Platform; (iv) a citizen of or domiciled in (at any time) a country sanctioned by a Sanctions Authority including, but not limited to, Cuba, Iran, Syria, North Korea, and the Crimea region of Ukraine; (iv) located, incorporated or otherwise established in the United States of America (including its territories and dependencies, any state of the United States and the District of Columbia) and not a “U.S. Person” as defined in Regulation S under the U.S. Securities Act of 1933, as amended; or (v) intending to transact with any restricted jurisdiction.

Xave Finance has undertaken commercially reasonable screening measures, to the extent possible in a distribution performed by a decentralized exchange and accompanying DAO, to prevent any excluded persons or jurisdictions from participating in the sale, but as an additional measure relies upon Your representation that You are not excluded from participation in accord with the foregoing. If Xave Finance determines that you are accessing the Services or the Trading Platform from any restricted jurisdiction, or have given false representations as to your location of incorporation, establishment, citizenship or place of residence, Xave Finance reserves the right to close any of your accounts immediately and liquidate any open positions. In addition, You agree that you will not knowingly transfer Xave Finance Tokens to any person described in clause (iv) above.


In these Terms:

“Applicable Law”
means all civil and common laws, statutes, subordinate legislation, treaties, regulations, directives, decisions, by-laws, ordinances, circulars, codes, orders, notices, demands, decrees, injunctions, resolutions, rules and judgments of any government, quasi-government, statutory, administrative or regulatory body, court, agency or association by which any member of Xave Finance or you are bound in any jurisdiction applicable to the receipt or performance of the Services.

“Services” means websites, applications and any services provided by Xave Finance.

“Trading Platform” means the trading platform on and subdomains, mobile applications, APIs and other media owned by Xave Finance relating to the trading platform.