Disclaimers & Risk Disclosure
Last updated: December 2, 2024
Please Read Carefully
The following disclaimers contain important information about the risks associated with using Loyalteez. By using our services, you acknowledge that you have read, understood, and agree to these disclaimers.
Nature of LTZ Credits
LTZ is a utility credit, not a security, currency, or investment.
- LTZ credits are designed solely for use within the Loyalteez ecosystem to redeem perks from participating brands.
- LTZ has no guaranteed, fixed, or intrinsic monetary value.
- LTZ cannot be exchanged for fiat currency (USD, EUR, etc.) through Loyalteez.
- LTZ is non-transferable between users and non-refundable once distributed.
- The purchase of LTZ by brands is a prepayment for reward distribution services, not an investment.
No Investment or Financial Advice
Nothing on this website or in our services constitutes investment advice, financial advice, trading advice, or any other sort of advice. Loyalteez is a loyalty rewards platform, not a financial product. You should not treat any of the content as such.
LTZ credits are not designed to appreciate in value. Any perceived "value" of LTZ is limited to its utility for redeeming perks within the network.
No Guarantee of Value or Availability
Loyalteez makes no guarantees regarding:
- The future availability of any perks or rewards
- The redemption value of LTZ at any given time
- Continued participation of any brand in the network
- The quantity or quality of perks available
- Uninterrupted access to the platform or services
Brands set their own perk offerings and redemption rates, which may change at any time without notice.
Blockchain & Technology Risks
Loyalteez operates on blockchain technology (Soneium), which carries inherent risks:
- Immutability: Blockchain transactions cannot be reversed. Errors or unauthorized transactions may be permanent.
- Technical Issues: Smart contracts, while audited, may contain bugs or vulnerabilities.
- Network Risks: The underlying blockchain network may experience congestion, downtime, or changes.
- Wallet Security: You are responsible for securing access to your account. Lost credentials cannot always be recovered.
Third-Party Services & Brands
Loyalteez is not responsible for:
- The actions, products, or services of participating brands
- The quality, fulfillment, or delivery of perks offered by brands
- Any disputes between users and brands regarding perk redemption
- Third-party authentication services (e.g., Privy)
- Any third-party websites or services linked from our platform
Each brand operates independently and sets its own terms for perk redemption. Disputes regarding specific perks should be directed to the issuing brand.
Regulatory Considerations
The regulatory landscape for blockchain-based services is evolving. Users acknowledge:
- Regulations may change, potentially affecting the availability or functionality of Loyalteez services in certain jurisdictions.
- It is your responsibility to ensure your use of Loyalteez complies with applicable laws in your jurisdiction.
- Loyalteez may restrict access to users in certain regions to comply with regulations.
Service Disclaimer
THE LOYALTEEZ PLATFORM AND ALL RELATED SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. LOYALTEEZ DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.
WE DO NOT WARRANT THAT THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR THAT ANY DEFECTS WILL BE CORRECTED. USE OF THE SERVICE IS AT YOUR OWN RISK.
Limitation of Liability
To the maximum extent permitted by applicable law, Loyalteez, its affiliates, officers, directors, employees, agents, and licensors shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to:
- Loss of profits, data, use, or goodwill
- Service interruption or computer damage
- Cost of substitute services
- Any damages arising from LTZ credits
Our aggregate liability for any claims shall not exceed the greater of $100 or the amount you paid to Loyalteez in the 12 months preceding the claim.
User Acknowledgment
By using Loyalteez, you acknowledge that you have read and understood these disclaimers, accept the risks involved, and agree that Loyalteez shall not be held liable for any losses or damages arising from your use of the platform.
Questions?
If you have questions about these disclaimers, please contact us at:
See also: Terms of Service ยท Privacy Policy