Terms of Service

1.1 "Digital Monetary Framework [DMF]" refers to the decentralized platform, including its smart contracts, tools, and applications, operated on the ARC blockchain.

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

1.3 "DMF Tokens" refers to the utility tokens (dmfUSD, dmfEUR) issued and managed within the Digital Monetary Framework [DMF] ecosystem.

1.4 "Backing Assets" refers to the Circle stablecoins (USDC for dmfUSD, EURC for dmfEUR) that back the value of DMF Tokens. These are issued by Circle Operations Limited and are 100% backed by Circle's reserves. For more information about USDC, visit Circle USDC, and for EURC, visit Circle EURC.

1.5 "Reserves" refers to the backing asset repository (USDC or EURC reserves) supporting the value of DMF Tokens.

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

3.1 Digital Monetary Framework [DMF] 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 Digital Monetary Framework [DMF] Privacy Policy.

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

4.1 Digital Monetary Framework [DMF] 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 Digital Monetary Framework [DMF] makes no guarantees regarding token value, dividends, or the outcomes of transactions.

4.4 While DMF Tokens are backed by Circle stablecoins (USDC, EURC), the value and stability of these backing assets are subject to Circle's operations and reserves. Digital Monetary Framework [DMF] is not responsible for any issues related to Circle's reserves or operations.

5.1 DMF Token Utility: DMF Tokens (dmfUSD, dmfEUR) 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 Circle stablecoin (dmfUSD by USDC, dmfEUR by EURC).

5.2 Backing Assets: DMF Tokens are backed by Circle stablecoins: dmfUSD is backed by USDC (Circle USD Coin) and dmfEUR is backed by EURC (Circle EUR Coin). These Circle tokens are issued by Circle Operations Limited and are 100% backed by Circle's reserves. For more information about USDC, visit Circle USDC, and for EURC, visit Circle EURC.

5.3 Refund Mechanism: Users may exchange DMF Tokens for their backing assets (USDC or EURC) 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: DMF 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 (dmfUSD dividends for dmfUSD 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: Digital Monetary Framework [DMF] 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 USDC for dmfUSD, 0.1 EURC for dmfEUR.

7.1 All content, branding, and materials related to Digital Monetary Framework [DMF] are protected under applicable intellectual property laws.

7.2 Users may not reproduce, distribute, or create derivative works from Digital Monetary Framework [DMF] materials without explicit written consent.

7.3 Digital Monetary Framework [DMF] does not claim ownership over user-generated content but reserves the right to use such content for promotional purposes.

8.1 Digital Monetary Framework [DMF] provides Services "as is" and "as available" without warranties of any kind, either express or implied.

8.2 Digital Monetary Framework [DMF] 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 Circle's reserves, operations, or the backing assets (USDC, EURC).
• Regulatory changes affecting Circle stablecoins or cryptocurrency in general.

8.3 Users agree to indemnify and hold harmless Digital Monetary Framework [DMF] from any claims, losses, or damages arising from their use of the platform.

10.1 Digital Monetary Framework [DMF] 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 Digital Monetary Framework [DMF] is not responsible for third-party actions or omissions.

10.3 Digital Monetary Framework [DMF] uses Circle stablecoins (USDC, EURC) as backing assets. These are issued by Circle Operations Limited, and Digital Monetary Framework [DMF] is not responsible for Circle's operations, reserves, or any issues related to Circle tokens. For information about Circle, please visit Circle USDC and Circle EURC.

11.1 These Terms are governed by the laws of the jurisdiction in which the user resides or accesses Digital Monetary Framework [DMF], 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 Digital Monetary Framework [DMF] 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: Digital Monetary Framework [DMF] 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 Circle's operations or reserves.

13.3 Entire Agreement: These Terms constitute the entire agreement between users and Digital Monetary Framework [DMF], superseding any prior agreements.