Terms of Service

1. Agreement to Terms

By accessing or using LaunchFair (launchfair.app), operated by LaunchFair Labs ("we," "us," or "our"), based in Toronto, Ontario, Canada, you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the platform.

We may update these terms at any time. Continued use of the platform after changes are posted constitutes acceptance of the revised terms.

2. Platform Description

LaunchFair is a decentralized token launch platform built on the Solana blockchain. The platform provides the following services:

• Token creation with automatic bonding curve pricing
• Trading of tokens via bonding curves
• Automatic migration to SwapFair, our integrated decentralized exchange (DEX)
• Trading on the SwapFair DEX (automated market maker pools)
• A fundraise ("raise") feature where users can contribute SOL, USDC, or USDT to token raises
• An over-the-counter (OTC) marketplace for trading raise positions

All transactions occur on the Solana blockchain and are executed by smart contracts. We do not custody user funds at any point.

3. Eligibility

You must be at least 18 years old (or the age of majority in your jurisdiction) to use LaunchFair. By using the platform, you represent and warrant that you meet this requirement.

You are solely responsible for ensuring that your use of LaunchFair complies with all laws and regulations applicable to you in your jurisdiction. Some jurisdictions may restrict or prohibit the use of decentralized finance platforms. It is your responsibility to determine whether your use is lawful.

4. Wallet Connection

To use LaunchFair, you must connect a compatible Solana wallet (such as Phantom, Solflare, or other supported wallets). We do not create accounts for you and do not store your private keys. You are entirely responsible for the security of your wallet and its credentials.

5. No Financial Advice

Nothing on LaunchFair constitutes financial advice, investment advice, trading advice, or any other kind of professional advice. We do not recommend or endorse any specific token, project, or trading strategy. Any decision to create, buy, sell, or hold tokens is made entirely at your own discretion and risk.

6. Risks

You acknowledge and accept the following risks associated with using LaunchFair:

• Volatility: Token prices can fluctuate dramatically. You may lose some or all of the value of your holdings.
• Smart contract risk: While our smart contracts have been audited, no audit eliminates all risk. Bugs, exploits, or unforeseen interactions could result in loss of funds.
• Blockchain risk: The Solana blockchain may experience congestion, downtime, or other issues outside our control.
• Bonding curve mechanics: Token prices on bonding curves move based on supply and demand. Early buyers may benefit from lower prices; later buyers assume greater risk.
• Fee mechanics: LaunchFair employs time-decaying sell fees and flywheel fees. You should understand these mechanics before trading.
• Raise and OTC risk: Participating in raises or purchasing OTC positions carries additional risk, including the possibility that raise targets are not met or that token value declines after distribution.
• Irreversibility: Blockchain transactions are final and cannot be reversed. Tokens sent to the wrong address or transactions executed in error cannot be undone.
• Regulatory risk: The legal status of digital assets and DeFi platforms varies by jurisdiction and may change at any time.

7. User-Created Content

Tokens created on LaunchFair are created by users, not by us. We do not vet, endorse, or guarantee any token, its name, its image, its description, or its associated project. The existence of a token on LaunchFair does not imply our approval or endorsement.

By creating a token on LaunchFair, you represent that you have the right to use any names, images, or other content associated with that token and that such content does not infringe on the intellectual property rights of any third party.

8. Prohibited Uses

You agree not to use LaunchFair to:

• Violate any applicable law or regulation
• Create tokens that impersonate other projects, people, or entities in a misleading way
• Engage in market manipulation, wash trading, or other deceptive trading practices
• Upload illegal, hateful, obscene, or otherwise objectionable content as token metadata
• Attempt to exploit, hack, or interfere with the platform or its smart contracts
• Use bots or automated tools to gain unfair advantages over other users, unless explicitly permitted
• Circumvent any security measures or access controls on the platform
• Use the platform for money laundering, terrorist financing, or any other illicit purpose

We reserve the right to restrict access to the frontend interface for any user who violates these terms. Note that on-chain smart contracts are permissionless and cannot be restricted by us.

9. Intellectual Property

The LaunchFair name, logo, website design, user interface, and all associated branding are the property of LaunchFair Labs. You may not copy, reproduce, or redistribute any part of the platform without our prior written consent.

The smart contracts deployed on Solana are open source and subject to their respective licenses.

10. Limitation of Liability

To the maximum extent permitted by applicable law, LaunchFair Labs, its founders, employees, and contributors shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of tokens, loss of data, or loss of goodwill, arising from or related to your use of the platform.

The platform is provided "as is" and "as available" without warranties of any kind, whether express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, or non-infringement.

In no event shall our total liability to you exceed the amount of fees you have paid directly to us (excluding on-chain transaction fees and gas) in the twelve (12) months preceding the claim.

11. Indemnification

You agree to indemnify and hold harmless LaunchFair Labs and its founders, employees, and contributors from any claims, damages, losses, or expenses (including reasonable legal fees) arising from your use of the platform, your violation of these terms, or your violation of any third-party rights.

12. Service Availability

We strive to keep LaunchFair available at all times, but we do not guarantee uninterrupted access. We may modify, suspend, or discontinue any part of the platform at any time, with or without notice. We are not liable for any downtime or service interruptions.

13. Third-Party Services

LaunchFair integrates with third-party services including blockchain networks, wallet providers, and infrastructure providers. We are not responsible for the availability, accuracy, or security of these third-party services.

14. Governing Law and Disputes

These terms shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to conflict of law principles.

Any disputes arising from or relating to these terms or your use of LaunchFair shall be resolved exclusively in the courts of the Province of Ontario, Canada. You consent to the personal jurisdiction and venue of such courts.

15. Severability

If any provision of these terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.

16. Contact

If you have questions about these Terms of Service, contact us at hello@launchfair.app.