Terms of Use
Welcome to Alto Money, a digital platform provided by Alto, the operating brand of TapiocaDAO Foundation, a foundation company incorporated under the laws of the Cayman Islands (collectively, “Alto,” “Alto DAO,” “we,” “us,” or “our”).
"Alto" in these Terms means the Alto protocol software, consisting of the Alto protocol technology stack, including all of its smart contracts, as well as any other Alto technology (together the “Alto Protocol Software”).
For purposes of these Terms: “user”, “you”, and “your” mean you as the person accessing or using the Alto Protocol Software. If you use the Alto Protocol Software on behalf of a company or other entity then “you” includes you and that entity, and you represent and warrant that (a) you are an authorized representative of the entity with the authority to bind the entity to these Terms, and (b) you agree to these Terms on the entity’s behalf.
For purposes of clarity: Alto is not a wallet provider, exchange, broker, dealer, financial institution, payments processor, money services business, or creditor. The Alto Protocol Software functions exclusively by the deployment of smart contracts which, as part of their functionality, deduct technical fees which are redistributed to Alto DAO members. Any and all functionalities of the Alto Protocol Software are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.
ALTO DAO HAS NOT AND WILL NOT ENTER INTO ANY LEGAL OR FACTUAL RELATIONSHIP WITH ANY USER OF THE ALTO PROTOCOL SOFTWARE. THESE TERMS SERVE AS A DISCLAIMER WHICH YOU ARE REQUIRED TO ACKNOWLEDGE PRIOR TO INTERACTING WITH THE ALTO PROTOCOL SOFTWARE.
1. Regulatory Compliance and Risks
You are responsible for complying with all applicable law and regulation when interacting with the Alto Protocol Software. This includes your use, transfer, ownership of DUSD token(s), ALTO Token(s), or any other digital asset or token. The laws around digital assets are rapidly evolving and you are responsible for keeping up to date and adjusting your positions accordingly in order to comply with regulatory standards.
The Alto Protocol Software could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit your ability to access or use the Alto Protocol Software or hold, transfer or interact with DUSD or ALTO Tokens.
2. Access and Use of Alto Protocol Software at Own Risk
Alto DAO has developed the Alto Protocol Software. However, the Alto Protocol Software runs in a fully decentralized and autonomous manner on the Ethereum Network. Alto DAO is neither involved nor in any way responsible for the operation, running or functioning of the Alto Protocol Software and/or any of the interactions, collaborations or factual relationships between Users and the smart contracts of the Alto Protocol Software.
3. The Alto Protocol Software is Fully Decentralized
As a matter of actual technical impossibility, we are not able to access, control or influence any transaction, deposit or allocation made by the Users of the Alto Protocol Software and/or the smart contracts deployed for the Alto Protocol Software. Further, as the Alto Protocol Software is built on the Ethereum network, its proper functioning is dependent on the Ethereum network's success and continued functioning.
4. No Front End Provided by Alto DAO
We, nor any of our affiliates or subsidiaries, have entered in any relationship or contract with any of the Alto Protocol Software frontend operators. There are no official frontend operators, and the use of any frontend is made by User at its own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the User.
5. Alto DAO Is Not Liable for Any Foreseeable or Unforeseeable Losses or Damages
ALTO DAO IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE ALTO PROTOCOL SOFTWARE.
This includes but is not limited to the loss of DUSD token, ALTO Token, or any other digital asset or token. This also includes the non-allocation of technical fees, loss of data, inaccurate data or other losses sustained by a User or third parties related to the Alto Protocol Software and/or any activity of a frontend operator or the failure of the Alto Software Protocol to operate with any other software. Alto DAO is under no obligation to maintain, fix, amend, update or change the Alto Protocol Software and once deployed, Alto DAO is unable to do so.
The Alto Protocol Software is of experimental nature and it may contain bugs, defects, or errors which may cause you to incur losses or damages. Further, as a result of being experimental in nature, any token or digital asset staked, deposited, or similarly placed into the Alto Protocol Software is at risk of being permanently lost.
Accessing the Alto Protocol Software requires deep knowledge of smart contract technology, blockchain, and related fields. Its use without proper skills and preparation may result in unintended and irreversible consequences.
Attacks by hackers on the software and smart contracts of the Alto Protocol Software are possible and should be accepted as a significant risk before accessing the Alto Protocol Software.
6. Alto DAO Has Deployed and Provides the Alto Protocol Software “AS IS” and on an “AS AVAILABLE” Basis
Alto DAO provides the Alto Protocol Software "AS IS", without any warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and non-infringement. Further, Alto DAO provides the Alto Protocol Software on an “AS AVAILABLE” basis without any representations, promises, or guarantees whatsoever of any kind by any entity and the User shall rely on its own examination and investigation thereof.
7. Disclaimer on Risks Relating to Digital Assets
In order to access and make use of certain features of the Alto Protocol Software, a User may need to acquire digital assets or tokens. There are a number of risks associated with purchasing, owning and using digital assets or tokens. Digital assets and tokens are volatile due to many factors including but not limited to adoption, speculation, technology, and security risks. You are exclusively responsible for the use of reasonable and commonly accepted measures for securing your digital asset wallet and private keys or any other storage mechanism used to receive and hold digital assets and tokens. If your private keys or other access credentials are lost, you may lose access to your digital assets or tokens which are interacting with the Alto Protocol Software. Alto DAO will not be able to retrieve your digital assets or tokens.
Neither DUSD nor ALTO Token represent or constitute any ownership rights or stake, shares or security or equivalent rights nor any rights to receive future revenues or shares or any other form of participation or governance rights in or relating to Alto DAO. The value of ALTO Token and even DUSD may experience extreme volatility or depreciate in full with no recourse to you.
8. Arbitration; Dispute Resolution; and Class Action Waiver
All disputes between you and Alto DAO must first go through a good-faith informal resolution process. If unresolved, any remaining claims will be resolved by final and binding arbitration in English under the JAMS Rules, with a sole arbitrator seated in the Cayman Islands. Arbitration will occur on an individual basis only—class, collective, or representative actions are not permitted—and batch procedures may apply for large numbers of similar claims. Certain disputes (like small individual claims, injunctive relief, or IP matters) may proceed in court. The costs of arbitration follow the JAMS Rules, with adjustments if costs would otherwise be prohibitive. By agreeing to these Terms, both you and the Organization waive the right to a jury trial or to participate in any class or representative proceeding.
9. Updates to These Terms
We may revise these Terms at any time by updating the “Last Revised” date. Material changes may be noted on the Website, but you are responsible for reviewing updates. Continued use of the Services after changes take effect constitutes your acceptance. Updates do not apply to disputes already in arbitration.
10. Suspension and Termination
We may suspend or terminate your access or licenses at any time, with or without notice, if you breach these Terms, provide false information, or engage in prohibited activities. Sections that by nature should survive termination will remain in effect. Termination does not limit our other legal rights.
11. Injunctive Relief
You agree that any breach of these Terms may cause irreparable harm, entitling us to injunctive or equitable relief without bond or proof of damages, in addition to other legal remedies.
12. Force Majeure
We are not liable for delays or failures to perform due to events beyond our control, including natural disasters, war, terrorism, labor disputes, power or Internet outages, or government actions.
13. Miscellaneous
If any provision is found invalid or unenforceable, the rest remain in effect. We may assign these Terms; you may not without our written consent. No waiver of one breach is a waiver of others. Headings are for convenience only.
14. Governing Law
These Terms and any disputes arising from them are governed by the laws of the Cayman Islands, without regard to conflict-of-law principles.