Disclaimer

No Financial Advice: The information provided on this website and within Generis Protocol is for informational purposes only and does not constitute financial, investment, legal, or tax advice. You should conduct your own research and consult with qualified professionals before making any financial decisions.

No Guarantees: Generis Protocol makes no representations or warranties regarding the future performance, value, or success of gTokens or any related services. Past performance does not guarantee future results.

User Responsibility: You are solely responsible for your decisions to buy, sell, hold, or transact with gTokens. All transactions are at your own risk.

Backing Assets: gTokens are backed by Tether stablecoins: gUSDT is backed by USDT (Tether USD), gXAUT is backed by XAUT (Tether Gold), and gCNHT is backed by CNHT (Tether CNH). These Tether tokens are issued by Tether Operations Limited and are 100% backed by Tether's reserves as disclosed on Tether's Transparency page.

Tether Price Stability: While Tether stablecoins are designed to maintain a 1:1 peg with their underlying assets, the value of Tether tokens can fluctuate slightly due to market conditions, regulatory changes, or other factors beyond our control. gTokens inherit this price stability from their backing assets.

Refund Mechanism: When you refund gTokens, you receive the backing asset (USDT, XAUT, or CNHT) at 100% backing value minus protocol fees, resulting in a 99.9% effective refund rate. Fees include development fees (0.05%), dividend fees (0.05%), reserve fees (0.075%-0.15%), and burn fees (0.075% when below burn limit, 0% when at limit). The amount of backing asset received may be different from the amount originally used to purchase gTokens due to fee deductions.

Tether Reserve Risk: Generis Protocol is not responsible for any issues related to Tether's reserves, operations, or the backing assets (USDT, XAUT, CNHT). While Tether maintains transparency through daily reserve attestations, any issues with Tether's reserves could affect the value of gTokens.

Market Risk: Cryptocurrency and stablecoin markets can be volatile and unpredictable. While gTokens are designed for stability, the value of backing assets (USDT, XAUT, CNHT) can fluctuate, and market conditions may affect gToken prices.

Smart Contract Risk: While our smart contracts use audited OpenZeppelin libraries and undergo comprehensive Foundry Forge testing, smart contracts may contain bugs, vulnerabilities, or unexpected behaviors that could result in loss of funds.

Regulatory Risk: Cryptocurrency and stablecoin regulations are evolving and may change in ways that could affect the legality, use, or value of gTokens or their backing assets (USDT, XAUT, CNHT).

Technology Risk: Blockchain technology, smart contracts, and related technologies are still developing and may have technical limitations, failures, or security vulnerabilities.

Dividend Eligibility Risk: Only EOAs (Externally Owned Accounts, non-contract addresses) are eligible for dividend distributions. Contract addresses are automatically excluded, which may affect certain DeFi strategies or automated trading systems.

Fee Risk: All transactions (buys, transfers, refunds) are subject to fees totaling 0.25%: Buy transactions: 0.05% dev fee, 0.1% reserve fee, 0.1% dividend fee. Refund transactions: 0.05% dev fee, 0.05% dividend fee, plus 0.075% burn fee and 0.075% reserve fee (when below burning limit) or 0.15% reserve fee (when at limit). Transfer transactions: 0.05% dev fee, 0.1% dividend fee, 0.1% reserve fee. DEX swaps are fee-free. These fees reduce the net value of transactions.

Burn Limit Risk: Token burning is limited to 20% of total supply for each gToken. Once this limit is reached, burn fees become 0% and reserve fees increase to 0.15%, which may affect the deflationary mechanism.

Dividend Risk: Dividend distributions are not guaranteed and depend on transaction volume and fee generation. Dividends may be minimal or zero if there is insufficient protocol activity.

Liquidity Risk: There may be limited liquidity for gTokens or their backing assets (USDT, XAUT, CNHT), which could make it difficult to buy or sell tokens at desired prices.

Network Risk: The Ethereum network may experience congestion, delays, or other issues that could affect transaction processing or costs.

Tether-Specific Risks: gTokens are subject to risks associated with Tether stablecoins, including potential depegging, regulatory actions against Tether, or issues with Tether's reserves or operations.

No Guaranteed Returns: There are no guarantees that you will earn profits or avoid losses when using Generis Protocol. All investments carry risk, and you may lose some or all of your invested capital. Dividend distributions are not guaranteed and depend on transaction volume and fee generation.

No Insurance: gTokens and their backing assets (USDT, XAUT, CNHT) are not insured by any government agency or insurance company. In the event of loss, there may be no recourse for recovery.

No Fiduciary Relationship: Generis Protocol is not acting as your financial advisor, fiduciary, or investment manager. We do not have a duty to act in your best interests.

Forced Growth Not Guaranteed: While gTokens feature a forced-growth mechanism through dividend distribution, there is no guarantee that dividends will be generated or that your holdings will appreciate in value. Growth depends on protocol activity and transaction volume.

Private Key Security: You are responsible for the security of your private keys and wallet. Loss of private keys may result in permanent loss of your tokens.

Transaction Errors: Blockchain transactions are irreversible. Sending tokens to incorrect addresses or using incorrect parameters may result in permanent loss. Dividend claiming requires manual action and gas fees.

Network Fees: Transaction fees on the Ethereum network may vary and could be significant during periods of high network congestion.

Compatibility Issues: Wallet software, browsers, or other tools may not be compatible with Generis Protocol or may malfunction.

Approval Requirements: Purchasing gTokens requires approving the contract to spend your backing assets (USDT, XAUT, CNHT). You must ensure you approve the correct contract address and amount.

Your Responsibility: You are responsible for ensuring that your use of Generis Protocol complies with all applicable laws and regulations in your jurisdiction.

Tax Obligations: You may be subject to tax obligations related to your transactions with gTokens or their backing assets (USDT, XAUT, CNHT). Consult with a qualified tax professional to understand your obligations.

Restricted Jurisdictions: Generis Protocol may not be available in all jurisdictions. It is your responsibility to determine whether your use is permitted in your location.

Tether Regulatory Risk: Regulatory actions against Tether or Tether stablecoins could affect the value or availability of gTokens.

No Liability: Generis Protocol, its developers, and affiliates shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of the protocol.

Force Majeure: We are not responsible for delays or failures caused by events beyond our control, including but not limited to natural disasters, war, regulatory actions, network failures, or issues affecting Tether's operations or reserves.

Third-Party Services: We are not responsible for the actions, omissions, or services of third-party wallet providers, exchanges, or other services that you may use in connection with Generis Protocol.

Tether Liability: Generis Protocol is not responsible for any issues, losses, or damages related to Tether Operations Limited, Tether stablecoins, or Tether's reserves or operations.

Protocol Updates: Generis Protocol may be updated, modified, or discontinued at any time. Such changes may affect the functionality or value of gTokens.

Disclaimer Updates: This disclaimer may be updated periodically. Continued use of Generis Protocol after changes constitutes acceptance of the updated terms.

No Notice Required: We are not obligated to provide advance notice of changes to the protocol or this disclaimer.