Terms of Service

1. Definitions
2. Acceptance of Terms
3. Nature of Shadow Tokens
4. Eligibility and Restricted Jurisdictions
5. Access to the Platform
6. Official Communications and Fraud Awareness
7. User Conduct
8. Risks
9. Intellectual Property
10. Third-Party References and No Affiliation
11. Fees and Transactions
12. Tax Obligations
13. Disclaimers of Warranty
14. Limitation of Liability
15. Indemnification
16. Governing Law and Dispute Resolution
17. Modifications to These Terms
18. Termination and Suspension
19. Severability
20. Entire Agreement

In these Terms of Service, the following terms have the meanings set out below:

“Platform” means the Shadow decentralised application, smart contracts, website at shadow.fi, and all associated interfaces and services.

“Shadow Tokens” means $SHADOW and all $SHADOW-prefixed tokens issued through the Shadow Protocol, including but not limited to $SHADOWAAPL, $SHADOWNVDA, $SHADOWMSFT, $SHADOWAMZN, $SHADOWTSLA, $SHADOWGOOGL, $SHADOWMETA, $SHADOWBRKB, $SHADOWJPM, $SHADOWV, $SHADOWSP500, $SHADOWNDX, and $SHADOWDOW.

“$SHADOW” means the native platform token of the Shadow ecosystem.

“Protocol” means the set of open-source smart contracts deployed on a public blockchain that govern the issuance and trading of Shadow Tokens.

“User”, “you”, or “your” means any individual or entity accessing or using the Platform in any manner.

“We”, “us”, or “our” means the Shadow development team and associated entities responsible for operating shadow.fi.

“Wallet” means a compatible non-custodial cryptographic software wallet used to interact with the Protocol.

“Referenced Company” means any publicly traded company or index operator whose name or conventional ticker identifier appears as a suffix in the symbol of a Shadow Token.

“Official Channels” means the shadow.fi website and the official Shadow Telegram announcement channel at @shadowfi_official, being the only two channels through which Shadow publishes authorised communications.

By accessing or using the Platform in any way, including browsing shadow.fi, connecting a Wallet, purchasing or selling any Shadow Token, or interacting with any Shadow smart contract, you confirm that you have read, understood, and agree to be bound by these Terms of Service and the Shadow Privacy Policy, both of which are published at shadow.fi.

If you are using the Platform on behalf of a legal entity, you represent that you have authority to bind that entity to these Terms, and references to “you” include that entity.

We reserve the right to update these Terms at any time. Continued use of the Platform following publication of updated Terms constitutes acceptance. It is your responsibility to review these Terms periodically.

3.1 Community Meme Coins

All Shadow Tokens are community meme coins. They are speculative, community-driven digital assets with no intrinsic value, no guaranteed liquidity, and no underlying asset backing. They are created for cultural and community purposes only.

3.2 Not Securities

Shadow Tokens are not securities, financial instruments, investment contracts, equity interests, debt instruments, or any other regulated financial product under the laws of any jurisdiction. Purchasing a Shadow Token does not give you any ownership interest, equity, profit participation, voting rights, or any claim on the assets or revenues of Shadow or any Referenced Company.

3.3 Not Affiliated with Referenced Companies

Shadow Tokens reference the cultural identities of publicly traded companies and market indexes through their naming convention only. No Shadow Token represents any relationship with, endorsement from, or connection to any Referenced Company.

$SHADOWAAPL is not Apple Inc. stock and has no connection to Apple Inc.
$SHADOWNVDA is not NVIDIA Corporation stock and has no connection to NVIDIA Corporation.

This applies equally to all $SHADOW-prefixed tokens without exception.

The SHADOW prefix in every token symbol is a structural design decision intended to make the unofficial, community-native nature of each token unambiguous. $SHADOWAAPL is not $AAPL. The two instruments have no relationship of any kind.

3.4 No Price Relationship

Shadow Tokens do not algorithmically track, follow, or replicate the price of any Referenced Company's equity or any market index. Token prices are determined entirely by community trading activity on the Shadow marketplace. Any perceived relationship between a Shadow Token's price and the performance of a Referenced Company is incidental, not mechanical.

3.5 Risk of Total Loss

YOU MAY LOSE THE ENTIRE VALUE OF ANY SHADOW TOKEN YOU PURCHASE. ALL SHADOW TOKENS LAUNCH AT A PRICE OF ZERO AND MAY RETURN TO ZERO AT ANY TIME. THERE IS NO PRICE FLOOR, NO BUYBACK OBLIGATION, AND NO MECHANISM THAT ENSURES ANY SHADOW TOKEN WILL RETAIN ANY VALUE. DO NOT PURCHASE SHADOW TOKENS WITH FUNDS YOU CANNOT AFFORD TO LOSE IN THEIR ENTIRETY.

By using the Platform, you represent and warrant that:

• You are at least 18 years of age, or the age of legal majority in your jurisdiction, whichever is greater.
• You have the legal capacity to enter into a binding agreement.
• Your use of the Platform does not violate any law or regulation applicable to you.
• You are not located in, a citizen of, or resident of any jurisdiction in which access to the Platform or purchase of Shadow Tokens is prohibited, restricted, or requires regulatory approval not obtained by Shadow.
• You are not listed on any sanctions register or subject to any sanctions programme administered by any government or international body.

We reserve the right to restrict access from certain jurisdictions at any time without notice. The existence of technical access to the Platform from your location does not constitute a representation by Shadow that such access is lawful for you. You are solely responsible for determining whether your participation is permitted under the laws of your jurisdiction.

5.1 Wallet Requirement

Access to the Shadow marketplace requires a compatible non-custodial Wallet. Shadow does not provide custodial wallet services and has no access to your private keys or digital assets at any time. You are solely responsible for the security of your Wallet and private keys.

5.2 No Account Registration

The Shadow Platform does not require account registration, email address submission, or identity verification to access core marketplace functionality, consistent with its permissionless design philosophy.

5.3 Platform Availability

We do not guarantee that the Platform will be available at all times. The Platform may be subject to downtime, maintenance, technical failures, or blockchain network congestion. We accept no liability for losses arising from Platform unavailability.

5.4 Protocol Immutability

Certain aspects of the Shadow Protocol are governed by immutable smart contracts. Once deployed, these contracts cannot be modified. Interacting with immutable smart contracts carries inherent technical risks which you accept by using the Platform.

6.1 Shadow Will Never Contact You Unsolicited

Shadow does not send unsolicited emails, direct messages, private Telegram messages, SMS, or any other form of proactive outreach to users. Shadow does not operate an email newsletter. Shadow does not send promotional offers, token sale announcements, airdrop notifications, or investment opportunities to individual users.

If you receive any communication that purports to be from Shadow and that you did not initiate, regardless of how official it appears, what address it comes from, or what platform it appears on, it does not originate from Shadow.

SHADOW WILL NEVER EMAIL YOU OFFERS, PROMOTIONS, OR INVITATIONS OF ANY KIND. SHADOW WILL NEVER MESSAGE YOU DIRECTLY ON TELEGRAM, TWITTER, DISCORD, OR ANY OTHER PLATFORM. SHADOW WILL NEVER CONTACT YOU TO OFFER TOKENS, REQUEST WALLET VERIFICATION, OR ASK YOU TO TAKE ANY ACTION. ANY SUCH COMMUNICATION IS FRAUDULENT AND SHOULD BE DISREGARDED ENTIRELY.

6.2 Official Channels

Shadow publishes authorised communications exclusively through the following two channels:

• shadow.fi: the only official Shadow website. Verify the exact URL on every visit. Type it directly into your browser rather than following links from any other source.
• @shadowfi_official on Telegram: the official announcement channel, operating in broadcast-only mode. Shadow team members will never send you a private message from this or any other account.

No other website, social media account, email address, or messaging channel is authorised to communicate on behalf of Shadow.

6.3 Protecting Your Wallet

Your Wallet private key and seed phrase are the sole credentials that control access to your Wallet and all digital assets within it. You must treat them with the highest level of security at all times.

SHADOW WILL NEVER ASK FOR YOUR PRIVATE KEY, SEED PHRASE, OR WALLET PASSWORD UNDER ANY CIRCUMSTANCES. NO LEGITIMATE SERVICE PROVIDER WILL EVER ASK FOR THESE CREDENTIALS. IF ANYONE ASKS FOR THEM, IN ANY CONTEXT, FOR ANY REASON, REFUSE IMMEDIATELY. DO NOT SHARE THESE CREDENTIALS WITH ANY PERSON OR APPLICATION.

6.4 Recognising Fraudulent Activity

Be alert to the following tactics commonly used by bad actors targeting digital asset users:

• Websites using domain names designed to resemble shadow.fi, such as shadow-fi.com, shadowfi.io, getshadow.fi, or similar variations.
• Social media accounts impersonating Shadow using the Shadow name, logo, or similar usernames on any platform.
• Unsolicited messages claiming you have been selected for a token allocation, whitelist, or early access programme.
• Messages stating that your Wallet requires verification, migration, or synchronisation to continue using Shadow.
• Requests to connect your Wallet to an unfamiliar website in exchange for tokens or platform access.
• Communications creating artificial urgency, such as limited-time offers or warnings that your account will be closed.

If you are unsure whether a communication is genuine, do not act on it. Navigate directly to shadow.fi by typing the address in your browser. All legitimate platform announcements will appear on the Official Channels only.

6.5 Reporting Suspected Fraudulent Activity

If you encounter a website, account, or communication that you believe is impersonating Shadow or attempting to deceive Shadow users, please report it via the contact details published at shadow.fi. Shadow is not responsible for losses arising from interaction with fraudulent third parties, but will investigate all reports and take appropriate action where possible.

By using the Platform, you agree that you will not:

• Use the Platform for any unlawful purpose or in violation of any applicable law or regulation.
• Attempt to manipulate token prices or trading activity through wash trading, spoofing, or any other market manipulation technique.
• Use the Platform to launder money or finance any illegal activity.
• Attempt to gain unauthorised access to any part of the Platform, its smart contracts, or any connected system.
• Deploy malicious code, bots, or scripts that interfere with the Platform's operation.
• Misrepresent the nature of Shadow Tokens to any third party, including representing them as securities, investments, or products affiliated with any Referenced Company.
• Use the Platform if you are prohibited from doing so under applicable sanctions regimes.
• Impersonate Shadow, any Shadow team member, or any Official Channel in any communication or on any platform.

We reserve the right to restrict or terminate Platform interface access for any user we reasonably believe is in breach of these conduct requirements, to the extent technically feasible given the decentralised nature of the Protocol.

You expressly acknowledge and accept the following risks, which are not exhaustive:

8.1 Market Risk

Shadow Token prices are highly volatile and can change rapidly and without warning. You may lose the entire value of any token you purchase. All tokens launch at zero and have no guaranteed future value.

8.2 Regulatory Risk

The legal and regulatory status of meme coin tokens varies across jurisdictions and is subject to change without notice. Regulatory action could materially affect the Platform's operation and the value or tradeability of Shadow Tokens in some or all jurisdictions.

8.3 Smart Contract Risk

Smart contracts may contain bugs, vulnerabilities, or unforeseen interactions. Independent security audits reduce but do not eliminate this risk. Losses arising from smart contract vulnerabilities may be unrecoverable.

8.4 Liquidity Risk

Shadow Tokens may have limited or no liquidity, particularly in early trading periods. You may be unable to sell tokens at any price during periods of low liquidity or adverse market conditions.

8.5 Blockchain Network Risk

Transactions on public blockchains may fail, be delayed, or incur unexpected costs due to network congestion, forks, or other technical events outside Shadow's control.

8.6 Key Loss Risk

If you lose access to your Wallet private keys or seed phrase, you will permanently and irrecoverably lose access to all Shadow Tokens held in that Wallet. Shadow has no ability to recover lost keys, reverse transactions, or restore Wallet access.

8.7 Third-Party Fraud Risk

Bad actors may attempt to deceive Shadow users through impersonation, fraudulent websites, and social engineering. Section 6 of these Terms describes Shadow's communication practices and provides guidance on identifying fraudulent activity. Shadow is not responsible for losses arising from interaction with third parties impersonating Shadow or the Platform.

The Shadow name, wordmark, logo, platform design, and original content published at shadow.fi are the intellectual property of Shadow.fi. You may not reproduce, distribute, or create derivative works from Shadow's original intellectual property without prior written permission.

The names, ticker symbols, logos, and trademarks of Referenced Companies are the exclusive intellectual property of their respective owners. Shadow makes no claim to any intellectual property of any Referenced Company. The use of Referenced Company identifiers as suffixes in Shadow Token symbols is solely for cultural identification purposes and does not imply any licence, affiliation, or endorsement.

The Platform references the names and market identifiers of publicly traded companies and market indexes. For the avoidance of doubt:

• Shadow is not affiliated with, sponsored by, endorsed by, or connected to Apple Inc., NVIDIA Corporation, Microsoft Corporation, Amazon.com Inc., Tesla Inc., Alphabet Inc., Meta Platforms Inc., Berkshire Hathaway Inc., JPMorgan Chase & Co., Visa Inc., S&P Global, Nasdaq Inc., CME Group, or any other company or index operator referenced on the Platform.
• No Shadow Token has been approved, sanctioned, or issued in collaboration with any Referenced Company.
• Shadow does not have access to any non-public information about any Referenced Company.
• The financial performance of any Referenced Company does not mechanically affect the price of the corresponding Shadow Token.

The Shadow Protocol charges trading fees on swap transactions executed through the marketplace. Current fee rates are published at shadow.fi and are subject to change through the Platform's governance process.

In addition to Protocol fees, you are responsible for all blockchain network transaction fees associated with your on-chain activity. All on-chain transactions are irreversible. Shadow has no ability to reverse, cancel, or modify any completed transaction. You are solely responsible for verifying all transaction details, including token contract addresses, before confirming any transaction.

Before interacting with any token contract, verify the contract address against the official list published at shadow.fi. Only interact with contracts listed on the official Platform. Shadow is not responsible for losses arising from interaction with unofficial or counterfeit token contracts.

The purchase, holding, sale, exchange, or other disposal of Shadow Tokens may give rise to tax liabilities in your jurisdiction, including capital gains tax, income tax, and reporting obligations.

Shadow does not provide tax advice and makes no representations regarding the tax treatment of Shadow Token transactions. You are solely responsible for determining your tax obligations and complying with them. Shadow does not withhold tax on behalf of users and does not issue tax documentation. You should maintain adequate records of all Shadow Token transactions for tax reporting purposes.

THE PLATFORM AND ALL SHADOW TOKENS ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTY OF ANY KIND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SHADOW EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE.

SHADOW MAKES NO WARRANTY THAT: (A) THE PLATFORM WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE; (B) ANY SHADOW TOKEN WILL HAVE OR RETAIN ANY VALUE; (C) INFORMATION ON THE PLATFORM IS ACCURATE OR COMPLETE; OR (D) THE PLATFORM IS FREE FROM HARMFUL COMPONENTS.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, SHADOW AND ITS DEVELOPERS, CONTRIBUTORS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING LOSS OF PROFITS, LOSS OF DATA, OR LOSS OF DIGITAL ASSETS, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE PLATFORM OR ANY SHADOW TOKEN.

IN NO EVENT SHALL SHADOW'S TOTAL AGGREGATE LIABILITY TO YOU EXCEED THE LESSER OF: (A) THE TOTAL PROTOCOL FEES PAID BY YOU IN THE TWELVE MONTHS PRIOR TO THE CLAIM; OR (B) ONE HUNDRED UNITED STATES DOLLARS (USD $100).

Some jurisdictions do not permit exclusion of certain liabilities. In such jurisdictions, the above limitations apply to the fullest extent permitted by law.

You agree to indemnify, defend, and hold harmless Shadow.fi and its developers, contributors, officers, and affiliates from and against any claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or in connection with: (a) your use of the Platform; (b) your breach of these Terms; (c) your violation of any applicable law or the rights of any third party; (d) any misrepresentation you make regarding the nature of Shadow Tokens; or (e) any tax liability arising from your Shadow Token activity.

These Terms and any dispute arising out of or in connection with them shall be governed by generally accepted principles of commercial law applicable to decentralised digital asset protocols, given the global and permissionless nature of the Shadow Platform.

Any dispute that cannot be resolved informally shall be submitted to binding arbitration in accordance with the rules of a recognised arbitration body to be agreed between the parties. Nothing in this clause prevents either party from seeking urgent injunctive relief from a competent court.

You agree that any claims against Shadow must be brought in your individual capacity. You waive any right to bring or participate in any class action or representative proceeding against Shadow.

For the purpose of dispute resolution, contact details for informal resolution are published at shadow.fi. This contact information is maintained as a legal requirement to facilitate the dispute resolution process.

We reserve the right to modify these Terms at any time by publishing updated Terms at shadow.fi. The updated Terms will be effective upon publication. Material changes will be announced through the Official Channels. Your continued use of the Platform following publication of updated Terms constitutes acceptance. If you do not agree to updated Terms, you must cease using the Platform.

We reserve the right to restrict, suspend, or discontinue access to the Platform interface at shadow.fi at any time, with or without notice, for any reason including regulatory requirements, security concerns, or breach of these Terms.

The underlying Protocol smart contracts, once deployed, operate autonomously on the blockchain and cannot be unilaterally disabled by Shadow. Termination of access to the shadow.fi interface does not affect on-chain rights or assets already held in your Wallet.

If any provision of these Terms is found to be invalid, illegal, or unenforceable, that provision shall be modified to the minimum extent necessary to make it enforceable. The remaining provisions shall continue in full force and effect.

These Terms of Service, together with the Shadow Privacy Policy and Legal Disclaimer published at shadow.fi, constitute the entire agreement between you and Shadow with respect to your use of the Platform and supersede all prior agreements, understandings, and representations on the same subject matter.