Staking Terms and Conditions

This document outlines the Terms of Use ("Terms") for accessing and using the interface that facilitates the engagement with a fully decentralized staking smart contract provided Castor 24 Ltd ("Castor 24”), through Magic Square’s interface.

1. Overview

Magic Square offers an interface that allows users to interact with a decentralized staking service provided by Castor 24. The staking operations, including the deposit SQR Tokens and distribution of rewards (the “Services”), the Services are executed through a smart contract that, once deployed, operates independently of Magic Square.

2. Decentralized Nature of the Service

Users acknowledge that the staking services are fully decentralized, meaning:

1. The smart contract is autonomous and operates without oversight or control from Magic Square after its initial deployment.

2. Magic Square cannot access, modify, or retrieve staked assets or influence the smart contract’s functionality post-deployment.

3. There is no central authority governing the operations of the staking service, making traditional legal recourse and contact mechanisms irrelevant.

3. User Acknowledgement and Risks

By using this interface, users understand and accept the risks associated with decentralized finance (DeFi) and smart contract-based staking, including, but not limited to, smart contract vulnerabilities, market volatility, and the lack of a regulatory framework. Users assume full responsibility for their participation and acknowledge that Magic Square offers no guarantees regarding the performance or security of the decentralized staking service.

4. No Guarantees or Representations

Magic Square makes no representations or warranties regarding the expected returns, security, or reliability of the staking service facilitated by the decentralized smart contract. Users enter into staking at their own risk, without expectation of recourse to Magic Square.

5. Independence from Magic Square

The Services, while accessible via Magic Square's interface at: staking.magic.store, are independent of Magic Square. The decentralized nature of the services means that there are no governing laws, regulatory oversight, or specific contact information for dispute resolution or inquiries related to the operations of the staking service.

6. No Liability for Breach

Magic Square is not liable for any breach of these Terms, including delays, failure in performance or interruption of Services, where they arise directly or indirectly from abnormal and unforeseeable circumstances beyond our control, the consequences of which would have been unavoidable despite all effects to the contrary.

7. Title to SQR Token(s)

The Title of your tokens shall at all times remain with you and shall not transfer to Magic Square or a Castor 24. None of the SQR Token(s)s in your digital wallet are the property of, or shall or may be loaned to Magic Square or Castor 24. You are the sole controller and owner of the SQR Token(s) held in your digital wallet.

8. Agreement to Terms

By interacting with the Service, you agree to the Terms, acknowledging the fully decentralized nature of the service and the associated risks. The Terms constitute the full understanding between you and the decentralized service.