LAST UPDATED: March 6 2023
NOTICE ON PROHIBITED USE: Persons or entities who reside in, are citizens of, are located in, are incorporated in, or have a registered office in any restricted territory, may not use the Website. The following territories are restricted: Crimea, Cuba, Iraq, Iran, North Korea, and Syria. Individuals included on any sanctions list or equivalent maintained by the United States government, the United Kingdom government, the European Union, or the United Nations, may not use the Website. Additionally, persons within non-restricted territories are barred from using the Website in furtherance of illegal or platform-disruptive activity, or where prior criminal conviction restricts their engagement in financial transactions or limits their use of computers, telephones, or other technologies essential to platform participation. Utilizing a third-party actor or agent, to act or take actions on your behalf to circumvent the restrictions set forth herein is prohibited.
By accessing or using the Website, you acknowledge that you have attained the age of legal majority in your jurisdiction, are of sound and sober mind, and are legally able to contract on your own behalf and on behalf of any entity on whose behalf you are authorized to act.
By accessing or using the Website, you understand and agree that The Foundation does not provide brokerage, custody, exchange, execution, settlement, or clearing services of any kind and is not responsible for the brokerage, custody, exchange, execution, settlement, or clearing of transaction. You further acknowledge that The Foundation is not a fiduciary, and does not owe you a fiduciary duty. Cryptocurrency asset prices displayed on the Website are not guaranteed to represent market best pricing or best execution. Assets listed on the Website have not been approved or endorsed by the Foundation. Any and all information provided on the Website is provided as an aid to your own independent research, and The Foundation makes no representation or warranty as to the accuracy or completeness of said information.
1. Accessing the Website
- modify or copy the Website;
- remove any copyright or other proprietary notations from the materials; or
This license shall automatically terminate if you violate any of these restrictions, and may otherwise be terminated by The Foundation at any time at The Foundation’s sole and non-reviewable discretion.
You are solely responsible for managing and maintaining the security of any information relating to your use of the Website and agree that The Foundation shall not be held responsible for any unauthorized access to the Website or any resulting harm you may suffer.
We may close, terminate, enable, or disable, any or all of the Website, or your access to the Website at any time, without liability, and for any reason. Advanced notice may not be provided except as required under Panamanian law.
2. Non-Custodial Nature of Mango Markets and the Website
The Foundation does not facilitate or provide brokerage, exchange, payment, escrow, remittance or merchant services. The Foundation is not a broker/dealer or a provider of securities services, and is not registered with the SEC or similar securities regulators in other jurisdictions. The Foundation is not a depository institution and is not registered with or insured by any governmental agency. Your tokens are stored in a digital wallet you control, and over which The Foundation exercises no control. Though multiple wallets are supported, The Foundation does not recommend any particular wallet. The onus is on the user to select an appropriate wallet to utilize in connection with Mango Markets, and to take all proper steps to ensure the security and integrity of said wallet.
Mango Markets is open source, built upon the Solana blockchain and Serum DEX protocol. Mango Markets utilizes a permissionless system, meaning that user activity is not subject to review or approval by The Foundation, nor are assets screened before listing or subject to removal. The Foundation makes no representations as to the liability or prudence of using third party services and is not responsible for any technical shortcomings of third-party programs, errors arising from user installation or configuration, or other security vulnerabilities caused by software deployments or hardware environments controlled or configured by the user. Any information provided by the Foundation are offered as-is, with no representation that they are free from technical error. Users making use of the Website do so at their own risk, and are advised to proceed with caution.
In connection with your use of the Website, you are required to pay all fees necessary for interacting with certain blockchain networks, including, without limitation, the Solana blockchain. Such fees may include “gas” costs, as well as all other fees reflected Website at the time of your activity, including trading fees and network access fees. The Foundation cannot assist in the recovery of fees from transactions you execute improperly, and/or any fees paid to third parties for the use of resources said parties supply to the blockchain.
While the Foundation will try to maintain the timeliness, integrity, and security of the Website, you understand that we cannot and do not guarantee or warrant that the Website, and any files available for downloading from the Site will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our site for any reconstruction of any lost data.
4. Risk of Digital Assets and Decentralized Networks
Please note that all transactions involving digital assets involve risks. You should therefore carefully consider whether using the Website is suitable for you in light of your financial condition. In considering whether to hold digital assets, you should be aware that the price or value of digital assets can change rapidly, decrease, and potentially even fall to zero. Past performance is not an indicator of future performance. By utilizing the Website, you acknowledge that you are able to incur a complete loss of monies or amounts paid without impairing your financial condition, and you are able to bear the entire economic risk of using the Website for an indefinite period of time.
You acknowledge that it is your duty to ensure correct information is inputted for any and all trades you initiate which you directly execute on the blockchain. At no point does The Foundation take custody of digital assets being traded, and consequently The Foundation is unable to assist in digital asset retrieval caused by user error. You further acknowledge that we are not responsible for any loss of your digital asset resulting from theft, loss, or mishandling of digital asset private keys outside our control. You must take sufficient steps to safeguard seed phrases, private keys, 2FA devices, and all other user-controlled assets that are vulnerable to hacking or theft.
We do not provide investment advice and any content contained on the Website should not be considered as a substitute for tailored investment advice. The contents of the Website should not be used as a basis for making investment decisions.
5. Accuracy of Website and Third Party Content.
We endeavor to verify the accuracy of any information displayed, supplied, passing through, or originating from the Website, but such information may not always be accurate or current. Accordingly, you should independently verify all information before relying on it, and any decisions or actions taken based upon such information are your sole responsibility.
We make no representation or warranty of any kind, express or implied, statutory, or otherwise, regarding the contents of the Website, information, and functions made accessible through the Website any hyperlinks to third-party websites, or the security associated with the transmission of information through the Website or any website linked to the Website.
6. Limitation of Liability
YOUR SOLE AND EXCLUSIVE REMEDY FOR DISSATISFACTION WITH THE WEBSITE IS TO STOP USING THE WEBSITE. UNDER NO CIRCUMSTANCES SHALL WE BE REQUIRED TO DELIVER TO YOU ANY VIRTUAL CURRENCY AS DAMAGES, MAKE SPECIFIC PERFORMANCE OR ANY OTHER REMEDY.
7. Intellectual Property
We and our licensors and suppliers own the Website, which is protected by proprietary rights and laws. You may not use our tradenames, trademarks, services marks, or logos in connection with any product or service that is not ours, or in any manner that is likely to cause confusion or harm our reputation or cause us financial or legal damages. Nothing contained on the Website should be construed as granting any right to use any trade names, trademarks, service marks, or logos without the express prior written consent of The Foundation.
You further acknowledge that any other use of content from the Website is strictly prohibited and you agree not to infringe or enable others to infringe upon our intellectual property rights.
Any rights not expressly granted herein to use the materials contained on or through the Website are reserved by The Foundation in full.
8. Limitations on Usage
You agree that the following conduct is not permitted on or through the Website, even if technically possible. Therefore, you must not engage in any of the following activities, and acknowledge doing so may lead to potential civil and criminal liability:
8.1. violate any applicable laws including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws and sanctions programs;
8.2 infringe or violate any copyright, trademark, right of publicity or privacy, or any other proprietary right under applicable law;
8.3 misuse the intellectual property, name, or logo, including use of The Foundation's trademarks or service marks, without express consent from The Foundation, or in a manner that otherwise harms The Foundation;
8.4 engage in improper or abusive trading practices including (a) any fraudulent act or scheme to defraud, deceive, trick or misled; (b) front-running; (c) fraudulent trading; (d) accommodation trading; (e) fictitious transactions; (f) pre-arranged or non-competitive transactions; (g) cornering or attempted cornering of any relevant contracts in a market; (h) violation of bids or offers; (i) spoofing; (j) manipulative tactics, including without limitation pumping and dumping, wash trading, and tactics commonly known as “rug pulls”; (k) spoofing; (l) knowingly making any bid or offer for the purpose of making a market price that does not reflect the true state of the market; or (m) entering orders for the purpose of entering into transactions without a net change in either party's open positions but a resulting profit to one party and a loss to the other party, commonly known as "money pass";
8.5 use the Website in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Website, or that could damage, disable, overburden, or impair the functioning of the Website in any manner;
8.6 circumvent any content-filtering techniques, security measures or access controls utilized by The Foundation for platform security, system integrity, or legal compliance.
8.7 use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to collect platform data in an unauthorized or unsupported fashion, or for any purpose outside of Mango Market's intended use;
8.8 introduce or attempt to introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material into the Website, or to cause or attempt to cause a denial of service, distributed denial of service, or other performance degrading and disrupting system attacks;
8.9 provide false, inaccurate, or misleading information to the Foundation about your identity or otherwise seek to defraud the Foundation or any other person or entity;
8.10 impersonate another individual or entity, or make claims of agency on behalf of any person or entity on whose behalf you lack agency;
8.11 transmit or exchange the direct or indirect proceeds of any criminal or fraudulent activity, including, without limitation, terrorism or tax evasion;
8.12 buy, sell, or transfer digital assets that were stolen, fraudulently obtained, taken without authorization, or otherwise illegally obtained; or
8.13 use the Website for any other purpose that is otherwise tortious or unlawful.
The specific activities set forth in Sections 8.1 through 8.13 above are representative, but not exhaustive, of limitations on usage.
12. Governing Law, Legal Disputes, and Jurisdiction
TO THE FULLEST PERMITTED UNDER APPLICABLE LAW, YOU AGREE THAT ANY CLAIM YOU MAY HAVE AGAINST US SHALL BE BROUGHT INDIVIDUALLY AND YOU SHALL NOT JOIN SUCH CLAIM WITH CLAIMS OF ANY OTHER PERSON OR ENTITY OR BRING, JOIN, OR PARTICIPATE IN A CLASS ACTION (LITIGATION OR ARBITRATION) AGAINST US. YOU FURTHER AGREE TO EXPRESSLY WAIVE YOUR RIGHT TO A TRIAL BY JURY.
Taxes. It is your responsibility to determine what, if any, taxes apply due to your use of the Website. Further, it is your responsibility to report and remit the correct tax(es) to any and all tax authorities towards whom such an obligation exists. The Foundation does not provide advice on tax liability in any jurisdiction, nor does it withhold or remit funds for transmission to any tax authority on your behalf.