LEGAL

Disclaimer

Last updated: February 2026

Overview

Please read this disclaimer carefully before interacting with the Mindstate protocol, the ERC-3251 token standard, or any tokens launched through the Mindstate launchpad. By using this website or interacting with any Mindstate smart contracts, you acknowledge that you have read, understood, and agree to be bound by the following terms.

Experimental Software

ERC-3251 is an unofficial, community-proposed token standard currently in draft status. It has not been formally accepted, reviewed, or finalized by the Ethereum Foundation or any standards body. The Mindstate protocol, its smart contracts, SDK, and all associated software are experimental, provided as-is, and deployed without warranty of any kind, express or implied.

The smart contracts deployed on Base mainnet have not been audited by a third-party security firm. While internal review has been conducted, undiscovered vulnerabilities may exist. Contracts are immutable once deployed and cannot be patched, upgraded, or paused (with the exception of the launch factory pause mechanism). Bugs in deployed contracts may result in permanent loss of funds with no possibility of recovery.

All features, mechanisms, and platform components described in this documentation or on the Mindstate website are subject to ongoing development and refinement. Unforeseen technical, regulatory, or operational challenges may alter the final implementation of any described feature. Nothing in this documentation, on the website, or in any associated communications should be interpreted as a guarantee of delivery, performance, or availability of any specific feature, product, or capability — now or in the future.

No Investment or Financial Advice

Nothing on this website, in the Mindstate documentation, SDK, smart contracts, social media channels, community forums, or in any associated communications — whether made by the Mindstate team, its contributors, community members, or any affiliated party — constitutes financial, investment, tax, legal, or any other form of professional advice. All information provided is for general informational and educational purposes only.

No representation, warranty, promise, or guarantee of any kind is made concerning the future value, price, utility, performance, liquidity, or market availability of any token launched through the Mindstate protocol or any token associated with the Mindstate ecosystem. Past performance, if any, is not indicative of future results.

No person or entity contributing to, maintaining, developing, promoting, or otherwise involved with the Mindstate protocol — in any capacity, past, present, or future — assumes any fiduciary duty, obligation, or binding commitment to any user, token holder, or third party. Contributors act in a voluntary, non-binding capacity. Their involvement does not create any legal relationship, partnership, joint venture, employment arrangement, or agency relationship with any user or participant.

You should consult your own independent legal, financial, and tax advisors before making any decisions related to tokens, cryptocurrencies, or decentralized protocols. You acknowledge that you are solely responsible for your own financial decisions and that no party associated with Mindstate bears any responsibility for losses you may incur.

This website and all associated documentation are intended for informational purposes only and do not constitute a prospectus, offering document, solicitation of investment, or any form of legal agreement. Nothing herein should be construed as an offer to sell or a solicitation of an offer to buy any token, security, or financial instrument in any jurisdiction.

Token Characteristics

Tokens launched through the Mindstate launchpad are ERC-20 utility tokens whose sole programmatic function is to provide burn-to-redeem access to encrypted checkpoint data published by the token's creator. Tokens are burned (permanently destroyed) upon redemption and cannot be recovered.

Tokens launched through this protocol do not represent or confer:

  • Ownership, equity, or shares in any entity, project, or organization
  • Rights to profits, revenue, dividends, or any form of financial return
  • Governance rights, voting power, or decision-making authority
  • Any claim on assets, intellectual property, or future deliverables
  • Any guarantee of value, liquidity, or market price

Token prices are determined solely by supply and demand on permissionless automated market makers (Uniswap V3). Prices may be extremely volatile and may go to zero. The existence of a trading pool does not imply endorsement, legitimacy, or any expectation of value appreciation. Tokens launched through this protocol should be considered analogous to memecoins with no intrinsic value beyond their programmatic burn-to-redeem utility.

No right to fee proceeds. Trading fees collected from Uniswap V3 LP positions are distributed to the token's publisher (creator), not to token holders. Holding or purchasing a token does not entitle you to any share of trading fees, platform fees, or any other revenue generated by the protocol or any token's pool.

Non-refundable and irreversible. All transactions on the Mindstate protocol are final and irreversible. Tokens burned through the redeem function are permanently destroyed and cannot be recovered. Gas fees, trading fees, and any other costs incurred through interaction with the protocol are non-refundable under any circumstances.

Permissionless Protocol

The Mindstate protocol is permissionless and open source. Anyone can launch a token, publish checkpoints, or interact with the smart contracts without approval, vetting, or oversight from the Mindstate team or any other party.

The Mindstate team does not and cannot control, endorse, verify, or take responsibility for tokens, content, or actions initiated by third-party publishers. The presence of a token on this website or in the protocol's on-chain registry does not constitute an endorsement, recommendation, or guarantee of any kind.

Users are solely responsible for evaluating the legitimacy and risk of any token or publisher before interacting with them.

Liquidity and Trading Risks

Liquidity for tokens launched through the Mindstate launchpad is seeded automatically into Uniswap V3 concentrated liquidity positions. These LP positions are permanently locked in the MindstateVault contract and cannot be withdrawn, modified, or transferred by anyone, including the protocol owner.

While permanent liquidity prevents rug pulls, it does not guarantee sufficient liquidity, stable prices, or the ability to sell tokens at any particular price. Large trades may experience significant price impact. Trading fees accumulate in the LP positions and must be explicitly claimed; they are not distributed automatically.

Smart Contract Risks

Interacting with smart contracts on any blockchain carries inherent risks, including but not limited to: undiscovered bugs or vulnerabilities, unexpected behavior due to network conditions or third-party contract interactions, permanent loss of funds due to irreversible transactions, and exposure to exploits or attacks targeting the protocol or its dependencies (including Uniswap V3, OpenZeppelin libraries, and the Ethereum Virtual Machine).

Protocol-specific risks include but are not limited to:

  • Concentrated liquidity positions may behave unexpectedly at tick boundaries or under extreme market conditions
  • EIP-1167 minimal proxy clones delegate to a shared implementation — a vulnerability in the implementation affects all launched tokens
  • LP NFTs are permanently locked in the vault with no recovery mechanism, even in the event of a discovered vulnerability
  • The fee collection mechanism requires an explicit claim transaction and may be blocked by fee collector misconfiguration
  • Publisher authority transfer is single-step and irreversible — a wrong address permanently locks publishing capability
  • On-chain key envelopes, while encrypted, are publicly visible and permanent — the security guarantee depends entirely on the strength of X25519 cryptography

By interacting with Mindstate contracts, you accept full responsibility for all associated risks and agree that you will not hold the Mindstate team, contributors, or any affiliated parties liable for any losses, damages, or claims arising from your use of the protocol.

Limitation of Liability

To the fullest extent permitted by applicable law, the Mindstate team, its contributors, affiliates, and associated parties shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages arising out of or in connection with your use of the protocol, website, smart contracts, SDK, or any tokens launched through the platform, regardless of whether such damages were foreseeable or whether any party was advised of the possibility of such damages.

This limitation applies to all causes of action, including but not limited to breach of contract, breach of warranty, negligence, strict liability, misrepresentation, and any other tortious action.

Regulatory Uncertainty

The regulatory status of cryptographic tokens, decentralized protocols, and related technologies is evolving and varies by jurisdiction. It is your sole responsibility to determine whether your use of the Mindstate protocol complies with applicable laws and regulations in your jurisdiction. The Mindstate team makes no representation regarding the legality of the protocol or any tokens in any jurisdiction.

No Guarantees and Forward-Looking Statements

The Mindstate team makes no guarantees regarding the continued operation, maintenance, or development of the protocol, website, SDK, or any associated services. The protocol may be deprecated, abandoned, or superseded at any time without notice. The open-source nature of the project means that anyone may fork, modify, or redeploy the code independently.

This website, documentation, social media channels, and community forums may contain forward-looking statements, including projections, descriptions of future functionality, anticipated features, roadmap items, or expected outcomes related to the Mindstate protocol or any associated tokens. These statements are inherently subject to risks, uncertainties, and changes in technology, regulation, or market conditions. Actual results may differ materially from those expressed or implied. No assurance is given that the protocol will achieve any specific objectives, milestones, or features mentioned in any communication, at any time, or in any form.

This disclaimer is not intended to constitute a comprehensive legal agreement and may not address all potential risks or obligations. If you do not agree with any part of this disclaimer, do not use the Mindstate protocol or interact with any Mindstate smart contracts.