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Legal & Compliance

Not investment advice

$MAGMA is a utility token. Nothing in this documentation, the protocol interface, or any associated material is an offer or solicitation to purchase securities, investment advice, a guarantee of returns, or a regulated financial product. Participation involves material risk, including total loss of yield on incorrect narrative backings. Principal is returned on all positions regardless of outcome.

Entity​

MAGMA Protocol is operated by MAGMA Protocol Corp, a Cayman Islands Segregated Portfolio Company (SPC). The protocol is designed to operate across jurisdictions while complying with applicable regulatory requirements.

Terms of Service​

All participants must accept the MAGMA Protocol Terms of Service before using the protocol. Terms are presented as a mandatory acceptance gate on first visit to the website and on first launch of the mobile application.

The current Terms of Service version is 0.1 (Beta). Terms may be updated at any time; users who accepted a prior version will be prompted to re-accept when the version changes.

Full Terms of Service: magmaprotocol.xyz/terms

Restricted jurisdictions​

MAGMA Protocol is not available to residents or citizens of the following jurisdictions:

  • United States of America (including all territories and possessions)
  • United Kingdom
  • Iran
  • North Korea
  • Cuba
  • Syria
  • Russia
  • Belarus
  • Crimea, Donetsk, and Luhansk regions
  • Any other jurisdiction where use of the protocol would violate applicable law

Geographic blocking is implemented at the network level. Users in restricted jurisdictions are redirected to a blocking page and cannot access the protocol.

Integrator responsibility

If you build on MAGMA, you are responsible for ensuring your own product does not make the protocol available to restricted jurisdictions in violation of these terms.

Token disclaimer​

$MAGMA is a utility token. Nothing associated with the protocol constitutes:

  • An offer or solicitation to purchase securities
  • Investment advice of any kind
  • A guarantee of returns or profits
  • A regulated financial product

Participation in MAGMA Protocol involves material risk including the risk of total loss of yield on incorrect narrative backings. Principal is returned on all positions regardless of outcome.

Anti-Sybil​

MAGMA Protocol requires anti-Sybil verification to maintain the integrity of the Conviction Score system. Each wallet must represent a unique participant. The protocol currently uses Gitcoin Passport for identity verification, with Solana Attestation Service (SAS) planned as a post-mainnet upgrade.

Beta status​

MAGMA Protocol is currently in beta on Solana devnet. The protocol is experimental software. Smart contracts may contain bugs. Economic parameters may change. The protocol may be paused or modified at any time.

Do not commit capital you cannot afford to lose entirely.

Audit status​

Smart contract audits are planned before mainnet launch. Audit reports will be published here and in Security when available.

Contact​

Legal inquiries: magma@exidante.xyz