1. Introduction
This document outlines the legal disclaimers and compliance policies for Cities of Heroes: Resilience (CHR). It aims to provide transparency on the regulatory framework, risks, and obligations associated with the CHR token and its ecosystem.
2. No Financial or Investment Advice
The information in this document, the CHR white paper, website, and any related materials does not constitute financial, investment, legal, or tax advice. CHR tokens are not shares, securities, equity, or ownership in any legal entity. They do not grant any rights, dividends, or claims on assets. The CHR token is a utility token designed exclusively for supporting charitable initiatives within the Cities of Heroes: Resilience ecosystem. CHR tokens do not grant voting rights, financial returns, dividends, or claims on assets. However, CHR token holders may participate in proposals and discussions regarding restoration projects within the Cities of Heroes: Resilience ecosystem. Participation in CHR does not constitute an investment in any financial product or service.
3. Regulatory Compliance
Cities of Heroes: Resilience is committed to full legal compliance, primarily within the European Union (EU) regulatory framework. The project is in the process of establishing a legal entity within the EU, ensuring compliance with relevant charity and financial regulations. While regulatory requirements may vary by country and evolve over time, participants are responsible for ensuring their involvement with CHR aligns with local laws. CHR does not qualify as a security under applicable laws, as it does not provide financial returns, equity participation, or debt obligations.
4. Risks Associated with CHR Token
Engaging with CHR involves financial and technical risks, including but not limited to:
- Regulatory Risks – Future changes in laws and regulations may impact CHR’s functionality.
- Market Risks – The value of CHR tokens may fluctuate due to market conditions.
- Security Risks – Blockchain and smart contract vulnerabilities may lead to potential losses.
- Operational Risks – CHR’s effectiveness depends on its technological and community-driven infrastructure.
5. Anti-Money Laundering (AML) & Know Your Customer (KYC) Policies
To ensure compliance with international regulations, CHR will implement AML and KYC procedures during the ICO process and, if required, for participation in future ecosystem activities. These procedures may include identity verification and compliance with financial reporting obligations, as mandated by applicable regulations or third-party service providers facilitating the distribution of CHR tokens.
6. No Guarantees or Liabilities
Cities of Heroes: Resilience does not guarantee the future value, liquidity, or success of CHR tokens. All CHR contributions are considered final and non-refundable. Cities of Heroes: Resilience does not provide buybacks, refunds, or escrow services.
7. Intellectual Property
All branding, content, and materials related to CHR are the intellectual property of Cities of Heroes: Resilience. Unauthorized reproduction, distribution, or modification is prohibited.
8. Governing Law & Jurisdiction
This document and all CHR-related activities are governed by the laws of the European Union (EU) and the jurisdiction where the organization is legally registered. Any disputes shall be resolved in accordance with the applicable legal framework of the registered jurisdiction.
9. Restricted Jurisdictions
Participation in the CHR token ecosystem is subject to applicable legal and regulatory requirements. Individuals and entities from jurisdictions where the issuance, purchase, or use of CHR tokens is restricted or prohibited by law are not permitted to participate.
This includes, but is not limited to, residents of countries that:
- Prohibit or heavily regulate cryptocurrency transactions, token sales, or blockchain-based fundraising.
- Are subject to international sanctions, as determined by the European Union (EU), United Nations (UN), the Office of Foreign Assets Control (OFAC), or other relevant authorities.
- Classify utility tokens as financial instruments, requiring registration, licensing, or other regulatory approvals.
Participants are solely responsible for ensuring that their involvement in the CHR ecosystem complies with their local laws. Cities of Heroes: Resilience reserves the right to restrict access to CHR-related activities if required by regulatory changes or legal risks.
Restricted jurisdictions include, but are not limited to:
The United States, North Korea, Iran, and any other jurisdictions subject to financial sanctions or prohibitive regulations on digital assets.
10. Amendments
Cities of Heroes: Resilience reserves the right to update this document at any time to reflect legal, regulatory, or operational changes. Participants should regularly review the latest version for updates.
By participating in CHR, individuals acknowledge and accept the terms outlined in this Legal Disclaimer & Compliance document.