Terms of Service

1.1 "Generis Protocol" refers to the decentralized platform, including its smart contracts, tools, and applications, operated on the Ethereum blockchain.

1.2 "User" refers to any individual or entity accessing or using the Services.

1.3 "Generis Tokens" or "gTokens" refers to the utility tokens (gUSDT, gXAUT, gCNHT) issued and managed within the Generis Protocol ecosystem.

1.4 "Backing Assets" refers to the Tether stablecoins (USDT for gUSDT, XAUT for gXAUT, CNHT for gCNHT) that back the value of Generis Tokens. These are issued by Tether Operations Limited and are 100% backed by Tether's reserves as detailed on Tether's Transparency page.

1.5 "Reserves" refers to the backing asset repository (USDT, XAUT, or CNHT reserves) supporting the value of Generis Tokens.

1.6 "Services" include but are not limited to Generis Token trading, dividend distribution, refund mechanisms, and related features.

3.1 Generis Protocol operates on a non-custodial basis. Users retain full control of their private keys and assets.

3.2 The platform does not store or manage private keys, funds, or personal data, except as specified in the Generis Protocol Privacy Policy.

3.3 All transactions occur on the Ethereum blockchain, and users are solely responsible for ensuring the security of their accounts.

4.1 Generis Protocol is a technology platform. It does not provide financial, investment, or legal advice.

4.2 Users are responsible for conducting their own due diligence and assuming the risks associated with cryptocurrency transactions.

4.3 Generis Protocol makes no guarantees regarding token value, dividends, or the outcomes of transactions.

4.4 While Generis Tokens are backed by Tether stablecoins (USDT, XAUT, CNHT), the value and stability of these backing assets are subject to Tether's operations and reserves. Generis Protocol is not responsible for any issues related to Tether's reserves or operations.

5.1 Generis Token Utility: Generis Tokens (gUSDT, gXAUT, gCNHT) are utility tokens within the ecosystem and are not to be considered securities, investments, or legal tender. Each token is 100% backed by its respective Tether stablecoin (gUSDT by USDT, gXAUT by XAUT, gCNHT by CNHT).

5.2 Backing Assets: Generis Tokens 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.

5.3 Refund Mechanism: Users may exchange Generis Tokens for their backing assets (USDT, XAUT, or CNHT) by transferring tokens to the designated contract address. Refunds are calculated at 100% backing value minus protocol fees (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 backing asset is then transferred directly to your wallet.

5.4 Dividend Distribution: Generis Token holders (EOAs only) receive proportional dividend rewards from transaction fees that can be manually claimed. Contracts are automatically excluded from dividend eligibility to focus rewards on human holders and prevent DeFi exploits. Dividends are distributed in the same token type (gUSDT dividends for gUSDT holders, etc.).

5.5 Transaction Finality: All blockchain transactions are irreversible. Users are responsible for verifying the accuracy of transaction details before execution.

5.6 Fees: Generis Protocol imposes transaction fees for Services: 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 are transparently displayed and non-refundable.

5.7 Minimum Purchase Amounts: Minimum purchase amounts are: 0.1 USDT for gUSDT, 0.0001 XAUT for gXAUT (approximately $0.40 at current gold prices), and 0.1 CNHT for gCNHT.

7.1 All content, branding, and materials related to Generis Protocol are protected under applicable intellectual property laws.

7.2 Users may not reproduce, distribute, or create derivative works from Generis Protocol materials without explicit written consent.

7.3 Generis Protocol does not claim ownership over user-generated content but reserves the right to use such content for promotional purposes.

8.1 Generis Protocol provides Services "as is" and "as available" without warranties of any kind, either express or implied.

8.2 Generis Protocol is not liable for:

• Losses resulting from blockchain delays, network congestion, or system outages.
• Loss of private keys, funds, or unauthorized account access.
• Any indirect, incidental, or consequential damages arising from the use of Services.
• Issues related to Tether's reserves, operations, or the backing assets (USDT, XAUT, CNHT).
• Regulatory changes affecting Tether stablecoins or cryptocurrency in general.

8.3 Users agree to indemnify and hold harmless Generis Protocol from any claims, losses, or damages arising from their use of the platform.

10.1 Generis Protocol may integrate third-party services, including wallets and decentralized exchanges.

10.2 Users acknowledge that third-party platforms are governed by their own terms and policies, and Generis Protocol is not responsible for third-party actions or omissions.

10.3 Generis Protocol uses Tether stablecoins (USDT, XAUT, CNHT) as backing assets. These are issued by Tether Operations Limited, and Generis Protocol is not responsible for Tether's operations, reserves, or any issues related to Tether tokens. For information about Tether, please visit tether.to.

11.1 These Terms are governed by the laws of the jurisdiction in which the user resides or accesses Generis Protocol, provided that these laws do not conflict with the overarching principles of decentralized blockchain technology.

11.2 Any disputes arising from these Terms shall be resolved through arbitration in accordance with the rules applicable in the user's jurisdiction. If the user resides in a country that does not support arbitration for such agreements, disputes may be resolved in a competent local court.

11.3 Users waive the right to participate in class-action lawsuits or claims, except where such waivers are prohibited under the laws of their jurisdiction.

12.1 Generis Protocol reserves the right to terminate access to the Services for violations of these Terms or applicable laws.

12.2 Users may discontinue their use of the Services at any time but remain bound by these Terms for prior actions.

13.1 Severability: If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in effect.

13.2 Force Majeure: Generis Protocol is not responsible for delays or failures caused by events beyond its control, including but not limited to natural disasters, war, regulatory actions, or issues affecting Tether's operations or reserves.

13.3 Entire Agreement: These Terms constitute the entire agreement between users and Generis Protocol, superseding any prior agreements.