Terms of Service

NOTICE OF ARBITRATION AND CLASS ACTION WAIVER: The following document contains an arbitration clause and waiver of class action rights. If you do not agree to these Terms of Service, do not use the Services (as defined below).

Last Updated: June 9, 2025

Welcome to lofitheyeti.com (the “Site”), operated by option Z Ventures LLC (“Company,” “we,” “us,” or “our”). These Terms of Service (“Terms”) govern your access to and use of the Site, our blockchain-based products, services, and all related content, features, and applications (collectively, the “Services”). By using the Services, you agree to these Terms. If you do not agree, please do not use the Services.

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1. Eligibility

  • You must be at least 18 years old (and at least the applicable age of majority in your jurisdiction) to use the Services.
  • By using the Services, you confirm you are not a resident or citizen of any jurisdiction where use of the Services is prohibited by law.

2. Description of Services

  • The Services presently include (although subject to revision, revocation, or termination at any time):
  • Information and education about the Lofi the Yeti ecosystem, tokenomics, and community initiatives.
  • Information regarding access to digital assets such as the $LOFI token (“Tokens”) and Mystic Yetis NFTs on the Sui blockchain.
  • Charitable donation features supporting environmental causes.
  • Merchandise sales and other related offerings.

3. Account and Wallet Security

  • You are solely responsible for keeping your Tokens, Sui wallet, and credentials secure.
  • We do not store or manage your private keys or funds.
  • You are responsible for all activities conducted through your wallet.

4. Platform Related Assets

  • $LOFI Tokens: The Token is a digital asset on the Sui blockchain. The Token is a meme coin and, as such, is designed primarily for entertainment, community engagement, and cultural expression. It is not intended to serve as a financial instrument, investment asset, or store of value. The Token is not a security or investment contract and does not carry the protections of federal securities law.
  • Mystic Yetis NFTs: NFTs are digital collectibles. Owning an NFT does not grant you intellectual property rights beyond what is stated here or in the NFT’s smart contract.
  • NFT Usage Rights: You may display your NFT for personal, non-commercial use. You may not use it for commercial purposes unless explicitly permitted by the Company.
  • No Refunds: All transactions are final and non-refundable.

5. Intellectual Property

  • Site Content: All text, graphics, logos, and images on the Site are owned by or licensed to the Company and protected by intellectual property laws.
  • NFT Rights: Unless stated otherwise, you receive a limited, non-exclusive, non-transferable license to display the NFT for personal use only.

6. Privacy and Data Use

  • We respect your privacy and are committed to protecting your personal information.
  • By using the Services, you consent to our collection, use, and disclosure of your data as described in our Privacy Policy.
  • We may collect information such as your wallet address, transaction history, and usage data to improve our Services, prevent fraud, and comply with legal obligations.
  • We do not sell your personal information, but we may share it with trusted third parties for service delivery, analytics, and security purposes.
  • You are responsible for safeguarding your own data and ensuring that any information you provide is accurate and up-to-date.

7. User Conduct

  • By using the Services, you agree to comply with all applicable laws and regulations, and to act in good faith at all times.
  • You are strictly prohibited from:
  • Engaging in any unlawful, fraudulent, or deceptive activities;
  • Attempting to manipulate the market for the Tokens or NFTs, including through “pump and dump” schemes, wash trading, or other forms of market abuse;
  • Infringing on the intellectual property rights, privacy rights, or other legal rights of any third party;
  • Interfering with or disrupting the Services, the underlying blockchain networks, or the experience of other users;
  • Using the Services to transmit viruses, malware, or other harmful code;
  • Creating, sharing, or promoting content that is defamatory, abusive, or otherwise harmful to others; or
  • Attempting to gain unauthorized access to the Services, user accounts, or wallets.
  • Violation of these rules will result in suspension or termination of your access to the Services, and may be reported to law enforcement or regulatory authorities as appropriate.

8. Disclaimers and Limitation of Liability

  • We do our best to provide a safe and reliable platform via the Services, but we cannot guarantee that everything will always work perfectly.
  • To the fullest extent permitted by law, we are not responsible for any losses or damages you may experience, including lost profits, data, or other intangible losses, whether direct or indirect.
  • Digital assets (including the Token) are subject to regulatory changes, tax laws, and technological risks. You are responsible for understanding and complying with all applicable laws in your jurisdiction.
  • Digital assets carry unique risks for which the Company and its affiliates are not responsible. By using the Services or engaging with the Token, you agree that you understand, and waive any claims which may be brought against the Company and its affiliates that relate to, the following risks.
  • Assumption and Disclaimer: Acquiring the Token means you understand the risks, including volatility and market risks, and including those disclaimed below. By interacting with the Services and Token, you acknowledge and accept these risks and disclaim any claims against the LOFI project or its associated entities.
  • No Company Efforts: the Company is under no obligation to create a market for, interest in, or otherwise make operable or functional, the Token. The Services and all associated digital assets, including the Tokens and Mystic Yetis NFTs, are provided “as is” and “as available.” We make no representations or warranties of any kind, express or implied, regarding the reliability, accuracy, completeness, or suitability of the Services.
  • No Inherent Value: The value of the Token is highly volatile and can fluctuate dramatically in response to market trends, social media activity, and broader cryptocurrency market conditions.
  • Risk of Total Loss: Investing in or trading the Token carries significant risks, including the possibility of losing all or a substantial portion of your investment. The Token is not backed by any physical assets, regulated financial institutions, or government guarantees. The project does not offer any promises of profit, dividends, or future returns.
  • Risk of Loss: You should only allocate funds to the Token that you can afford to lose entirely. Before engaging with the Token or any other cryptocurrency, consult with a qualified financial advisor and conduct thorough, independent research. LOFI is a meme coin and is not intended as an investment or financial instrument. The value of LOFI and related NFTs is highly volatile and may fluctuate dramatically. You acknowledge and accept all risks associated with digital assets, including the risk of losing your entire investment. The Company and its affiliates are not responsible for any financial losses, damages, or adverse consequences arising from your participation in the Token ecosystem or use of the Services.
  • High Volatility and Speculative Nature: The Token is highly volatile and subject to significant price fluctuations. Its value is speculative and may be influenced by social media, online trends, and market sentiment.
  • Limited or No Utility: The Token has limited or no practical use or functionality beyond entertainment and community engagement. It does not generate yield, convey rights to future income, or provide any other financial benefit.
  • No Federal Protection: Purchasers and holders of LOFI are not afforded the protections of federal securities laws. In the event of loss, fraud, or other adverse outcomes, you will not have recourse under these laws.
  • By engaging with LOFI, you acknowledge and accept these risks and disclaim any claims against the LOFI project, the Company, its affiliates or any of its or their associated or affiliated entities.
  • You agree that neither the Company nor its affiliates, officers, directors, employees, or agents shall be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses, arising out of or in connection with your use of the Services or any digital assets. This limitation of liability applies to the fullest extent permitted by law and regardless of whether the damages arise from contract, tort, negligence, strict liability, or any other legal theory.

9. Indemnification

  • You agree to indemnify, defend, and hold harmless the Company, its affiliates, and their respective officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to your use of the Services, the Tokens, your violation of these Terms, or your infringement of any third-party rights.
  • This indemnification obligation will survive the termination of these Terms and your use of the Services.

10. Dispute Resolution

  • Any dispute, claim, or controversy arising out of or relating to these Terms or the Services shall be resolved by binding arbitration, unless such arbitration is prohibited by law.
  • The arbitration shall be conducted in accordance with the rules of the American Arbitration Association (“AAA”) and held in a location mutually agreed upon by the parties.
  • Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.
  • You agree that any arbitration will be conducted on an individual basis and not as a class, consolidated, or representative action.
  • By using the Services, you waive any right to participate in a class action lawsuit or class-wide arbitration.

11. Governing Law

  • These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of law principles.
  • You are responsible for complying with all applicable laws, regulations, and tax obligations in your jurisdiction.
  • The Services and digital assets offered are not registered with, nor are they regulated by, the U.S. Securities and Exchange Commission (SEC) or any other regulatory authority.
  • The Token is a meme coin and does not constitute a security under U.S. federal law.
  • You acknowledge that you are not afforded the protections of federal securities laws and that you are solely responsible for understanding and complying with all legal requirements related to your use of the Services.

12. Changes to Terms

  • We may update these Terms from time to time.
  • We will notify you of significant changes via email or a notice on the Site.
  • We recommend checking these Terms regularly.

13. Termination

  • We may suspend or terminate your access to the Services at any time, without notice, for any reason.

14. Support and Reporting

  • For questions, support, or to report violations, please contact us at [email protected].
  • We strive to respond to all inquiries within 48 hours.

15. General Provisions

  • Entire Agreement. These Terms, together with any documents expressly referenced herein, constitute the entire agreement between you and the Company regarding your use of the Services. They supersede all prior or contemporaneous understandings, agreements, representations, and warranties, whether written or oral, relating to the subject matter herein.
  • Severability. If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court or arbitrator of competent jurisdiction, such provision shall be modified or severed to the minimum extent necessary to make it valid, legal, and enforceable. The remaining provisions of these Terms will remain in full force and effect and shall not be affected by such modification or severance.
  • No Waiver. No failure or delay by the Company in exercising any right, power, or remedy under these Terms shall operate as a waiver of such right, power, or remedy. The waiver of any breach or provision of these Terms shall not constitute a waiver of any subsequent breach or any other provision.
  • Assignment. You may not assign or transfer any of your rights or obligations under these Terms without the prior written consent of the Company. The Company may assign or transfer its rights or obligations under these Terms at any time without restriction.
  • Third-Party Beneficiaries. Except as expressly provided herein, these Terms do not create any rights or remedies for any person or entity other than you and the Company.
  • Force Majeure. The Company shall not be liable for any failure or delay in performance of its obligations under these Terms if such failure or delay is caused by circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, civil unrest, labor disputes, governmental actions, or failures of third-party service providers.
  • Notices. Any notices or communications required or permitted under these Terms shall be in writing and delivered by email to the address provided by you or to the Company’s designated contact address. Notices shall be deemed effective upon receipt.
  • Survival. All provisions of these Terms which, by their nature, should survive termination, including but not limited to disclaimers, limitations of liability, indemnification, and dispute resolution, shall survive the termination of these Terms and your use of the Services.

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