Terms of Service

Last updated: February 14, 2025

1. Introduction

Welcome to OpenALCHI. By accessing our platform, you agree to these Terms of Service. Our platform operates on the Taiko & Linea blockchain and involves cryptocurrency transactions, NFTs, and decentralized gaming elements.

2. Services Description

OpenALCHI is a decentralized application (dApp) that provides:

  • NFT creation and trading capabilities
  • Element combination gameplay mechanics
  • Participation in tournaments and competitions
  • Access to community governance features

3. User Responsibilities

As a user of OpenALCHI, you are responsible for:

  • Maintaining the security of your wallet and private keys
  • Understanding the risks associated with cryptocurrency transactions
  • Complying with all applicable laws and regulations
  • Ensuring you have sufficient funds for gas fees and transactions

4. Smart Contracts

Our platform operates through smart contracts on the Taiko & Linea blockchain. Users acknowledge that:

  • Smart contract interactions are irreversible
  • Transaction fees (gas) are required for all blockchain operations
  • Smart contract code is open source and available for review
  • We are not responsible for smart contract vulnerabilities or exploits

5. NFTs and Digital Assets

Regarding NFTs and digital assets on our platform:

  • NFTs represent digital items within our game ecosystem
  • Users own their NFTs and can freely trade them
  • NFT attributes and gameplay mechanics may be updated
  • We do not guarantee any NFT value or trading outcomes

6. Governance

Our platform includes community governance features where:

  • Token holders can participate in governance decisions
  • Voting power is determined by token deposite
  • Governance proposals are executed through smart contracts
  • Changes to game mechanics may result from governance decisions

7. Disclaimers

Users acknowledge and accept that:

  • Cryptocurrency and NFT values are highly volatile
  • Smart contract interactions carry inherent risks
  • Platform upgrades may affect gameplay mechanics
  • We are not responsible for losses due to user error or market conditions

8. Contact

For questions about these Terms of Service, please contact us at support@openalchi.xyz