Terms of Use
1. Scope and Maintainers
Community-managed open-source project
These Terms of Use are published by contributors to the Flokicoin open-source community ("Flokicoin", "we", "us"). There is currently no incorporated Flokicoin foundation or dedicated legal team. By accessing Flokicoin.org, companion apps, or community tools, you acknowledge these terms and the community-led nature of the project. If you do not agree, discontinue use immediately.
2. Eligibility and Local Restrictions
Check your local rules before you participate
You must be at least 18 years old and legally permitted to use decentralized digital asset services in your jurisdiction. Certain territories may restrict participation where virtual asset activity is illegal or requires registration. You are solely responsible for understanding and complying with laws that apply to you.
3. Regulatory Classification
Flokicoin aligns with the 2025 treatment of decentralized virtual assets
As of 2025, Flokicoin is treated in most jurisdictions as a decentralized virtual commodity similar to Bitcoin, not as legal tender. This status can change as regulators issue new guidance. You remain responsible for any securities, commodities, payments, consumer-protection, or tax obligations triggered by your activities. No central team monitors compliance on your behalf.
4. Access and Prohibited Uses
Use the network responsibly
You agree not to use the services for unlawful, fraudulent, or harmful purposes, including sanctions evasion, money laundering, terrorist financing, market manipulation, or distribution of malicious code. We may suspend or restrict access when required by law or if your activity threatens the safety of the community.
5. Non-Custodial Services and Wallet Responsibility
You control your keys
Flokicoin does not custody user assets. You are exclusively responsible for safeguarding private keys, seed phrases, and wallet credentials. Loss or compromise of your credentials may permanently prevent access to your assets. We cannot recover or re-issue private keys.
6. Taxes, Reporting, and Legal Obligations
Stay current with regulatory filings
You must determine, collect, report, and remit any taxes or declarations arising from your use of Flokicoin. Virtual asset transactions may trigger income, capital gains, VAT, GST, or other obligations in your country. We do not provide tax, accounting, or legal advice.
7. Market Conduct and Governance
Follow fair-use rules
When contributing to the Flokicoin ecosystem—such as submitting proposals, participating in governance, or interacting with markets—you must comply with anti-market abuse, insider trading, and fair disclosure standards applicable in your jurisdiction.
8. Risk Disclosure
Digital assets are volatile and can fail
Participating in mining, holding, staking, or transacting with Flokicoin involves substantial risk, including the possible loss of all value. Prices can swing quickly, markets may lack liquidity, bridges and third-party services can fail, and protocol bugs or attacks may disrupt the network. Engage only if you fully understand these risks.
9. Regulatory Awareness
Stay informed about jurisdiction-specific rules
Regulators across the EU (MiCA), United States, United Kingdom, Asia-Pacific, Middle East, Africa, and Latin America continue to refine virtual asset regimes. Because Flokicoin has no central compliance office, you must track local licensing, reporting, or consumer-protection requirements that apply to your activities.
10. Financial Crime Controls
Adopt your own AML and KYC safeguards
Flokicoin does not onboard customers or run custodial services, but ecosystem contributors are expected to apply proportionate anti-money laundering, counter-terrorist financing, and sanctions screening practices when relevant. If you build products on Flokicoin, implement due diligence, record retention, and suspicious activity reporting obligations appropriate to your jurisdiction.
11. Security Practices and Responsible Disclosure
Protect your keys and report issues responsibly
Secure your wallets with hardware devices, verify URLs, and stay alert for phishing. The community follows peer review, audits, and monitoring best practices, yet no control eliminates risk. Report suspected vulnerabilities to [email protected] so volunteers can coordinate fixes before public disclosure.
12. Updates and Contact
Community-governed changes
These terms may change as the community adapts to new regulations or technical developments. Updates will be posted with a revised effective date, and continued use signifies acceptance. For general questions, reach out via [email protected] or the official Discord—responses are handled by volunteers.