3. Services
The Company has deployed the Smart Contracts on the relevant Blockchain Network for users to utilize in accordance with these Terms. Users may directly call the functions of the Smart Contracts directly, or access them via the user interface provided by the App.
Pandaz allows users to trade digital asset pairs directly in a peer-to-peer manner. Users will be able to act as market makers or liquidity providers for these transactions by staking/pooling their digital assets into decentralized liquidity pools (Liquidity Pools) to provide the necessary liquidity for transactions by other users. These digital assets may comprise various fungible cryptocurrencies in the market.
Liquidity Pools and the underlying digital asset pairings will be selected and created by liquidity providers, who allow other users to access these Liquidity Pools to conduct trades. Any party may trade and/or become a liquidity provider (LP) for a pool by depositing an equivalent value of each underlying token to the Liquidity Pool in return for pool tokens (LP tokens). All trades conducted via Pandaz would be performed in a non-custodial manner and users remain in control of their digital assets. Through allocating different amounts of tokens at diverse price points, project teams are able to build their desired liquidity shape with the DLMM that best fits their liquidity provider (LP) goals.
All interactions between liquidity providers and traders on Pandaz operate in a peer-to-peer manner. Liquidity providers and traders on Pandaz enter into a direct contractual relationship via the autonomous Smart Contracts and/or other smart contracts deployed by various other third party networks, and therefore liquidity providers wholly assume all responsibility towards the user of the Liquidity Pools. There is no further control by or interaction with the Company (or the relevant affiliate) which had deployed the Smart Contract(s). The Company and its affiliates shall in no circumstances be construed as a party to said peer-to-peer direct contractual relationship, is not liable for performance of obligations thereunder, nor does it bear any financial or commercial risk or provide any warranties or assurances in connection with the same.
The App merely provides a visual user interface allowing users to interact with Liquidity Pools and to access liquidity provided by liquidity providers and does not act as an agent for any of the users. Although the App is intended to display accurate and timely information regarding Liquidity Pools and possible swaps, the App or relevant tools/information may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. The pricing information data provided through the App does not represent an offer, a solicitation of an offer, or any advice regarding, or recommendation to enter into, a transaction with the Company or the App. Accordingly, users should verify all information before relying on it, and all decisions based on information contained on the App or tools/information tools are at the sole responsibility of each user. Notwithstanding any of the other provisions in these Terms, any photographs, graphic illustrations, videos, models, charts, designs, or examples on the site are strictly for information purposes only and have no contractual value nor do they form the basis of any contract with the Company.
Neither the Company, the Site nor the App provides any digital asset exchange or portfolio/fund management services in connection with Liquidity Pools. If you choose to engage in transactions with liquidity providers in Liquidity Pools or any other users, then such decisions and transactions and any consequences flowing therefrom are your sole responsibility. In no event shall the Company, its affiliates or their respective directors or employees be responsible or liable to you or anyone else, directly or indirectly, for any damage or loss arising from or relating to any interaction or continued interaction with Liquidity Pools, or reliance on any information provided on the Site or the App (including, without limitation, directly or indirectly resulting from errors in, omissions of or alterations to any such information).
THE APP SOLELY FUNCTIONS AS A VISUAL USER INTERFACE. IN NO CIRCUMSTANCES SHALL THE COMPANY, THE SMART CONTRACTS, THE SITE OR THE APP BE CONSTRUED AS A DIGITAL ASSET EXCHANGE, BROKER, DEALER, FUND MANAGER, FINANCIAL INSTITUTION, EXCHANGE, CUSTODIAN, ROBO-ADVISOR, INTERMEDIARY, OR CREDITOR. THE SITE DOES FACILITATE OR ARRANGE TRANSACTIONS BETWEEN BUYERS AND SELLERS, INCLUDING WITH RESPECT TO ANY TRANSACTIONS THAT OCCUR IN CONNECTION WITH A LIQUIDITY POOL, WHICH TRANSACTIONS OCCUR ON THE RELEVANT BLOCKCHAIN NETWORK. THE COMPANY IS NOT A COUNTERPARTY TO ANY TRANSACTION FACILITATED BY THE SMART CONTRACTS, THE SITE OR THE APP OR FOR ANY USER OF THE SITE. NEITHER THE SMART CONTRACTS, THE SITE OR THE APP PROVIDES FINANCIAL ADVISORY, LEGAL, REGULATORY, OR TAX SERVICES DIRECTLY, INDIRECTLY, IMPLICITLY, OR IN ANY OTHER MANNER, AND YOU SHOULD NOT CONSIDER ANY CONTENT CONTAINED IN THESE TERMS OR OTHERWISE POSTED ON THE SITE TO BE A SUBSTITUTE FOR PROFESSIONAL FINANCIAL, LEGAL, REGULATORY, TAX OR OTHER ADVICE. THE COMPANY DOES NOT SUPPORT OR ENDORSE ANY LIQUIDITY POOL CREATED BY ANY USER OF PANDAZ, AND EACH SUCH CREATOR IS AN INDEPENDENT AGENT WITH NO EMPLOYMENT OR OTHER CONTRACTUAL RELATIONSHIP WITH THE COMPANY.
The Company reserves the right to suspend or terminate access to the Site or the App by any creator of Liquidity Pools or user of Liquidity Pools for any reason whatsoever (including without limitation for a breach of these Terms). You agree that the Company will not be liable to you or to any third party for any suspension or termination of any user.
Access to the Smart Contracts, the App or the Site may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to interact with third-party services for periods of time and may also lead to support response time delays. The Company cannot guarantee that the Smart Contracts, the App or the Site will be available without interruption and neither do we guarantee that requests to interact with third-party services will be successful.
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