📜Sierra Terms & Conditions
Last Updated: October 2025
PLEASE READ THESE TERMS OF SERVICE CAREFULLY BEFORE ACCESSING OR USING THE SERVICES. BY PROCEEDING, YOU ACKNOWLEDGE AND AGREE TO BE LEGALLY AND UNCONDITIONALLY BOUND BY THESE TERMS. EXCEPT WHERE OTHERWISE STATED IN THESE TERMS, ALL INFORMATION MADE AVAILABLE IN CONNECTION WITH YOUR USE OF THE INTERFACE AND SERVICES IS PROVIDED SOLELY FOR GENERAL INFORMATIONAL PURPOSES.
YOU ACKNOWLEDGE THAT HOLDING OR TRANSACTING IN SIERRA TOKENS DOES NOT ESTABLISH ANY CONTRACTUAL, FIDUCIARY, CUSTODIAL, OR AGENCY RELATIONSHIP BETWEEN YOU AND SIERRA RESERVE LTD. SIERRA TOKENS ARE DIGITAL REPRESENTATIONS RECORDED ON PUBLIC BLOCKCHAINS AND DO NOT CONSTITUTE A DEPOSIT, SECURITY, DEBT OBLIGATION, INVESTMENT CONTRACT OR OTHER REGULATED FINANCIAL PRODUCT OF SIERRA RESERVE LTD. UNDER THE LAWS OF THE BRITISH VIRGIN ISLANDS OR ANY OTHER JURISDICTION.
SIERRA RESERVE LTD. EMPHASIZES THAT THE USE OF CRYPTO ASSETS AND BLOCKCHAIN TECHNOLOGY INVOLVES SIGNIFICANT RISKS. PLEASE REVIEW SECTION 7 CAREFULLY BEFORE INTERACTING WITH THE PROTOCOL. PRIOR TO MAKING ANY FINANCIAL, LEGAL, TECHNICAL, OR OTHER DECISIONS INVOLVING CRYPTO ASSETS AND/OR THE SERVICES, YOU ARE STRONGLY ADVISED TO CONSULT AN INDEPENDENT, LICENSED, AND QUALIFIED PROFESSIONAL IN THE RELEVANT FIELD.
BY OBTAINING AND USING SIERRA TOKENS, YOU UNDERSTAND AND EXPRESSLY AGREE TO THESE TERMS, REGARDLESS OF WHETHER YOU ARE A DIRECT CUSTOMER OF SIERRA RESERVE LTD. YOU ALSO ACKNOWLEDGE THAT YOU HAVE REVIEWED AND UNDERSTOOD EACH OF THE DISCLOSURES SET FORTH IN THIS SECTION.
1. Definitions
“Authorized Participant” means an entity that has been onboarded and approved by Sierra Reserve Limited to mint and redeem Sierra Tokens directly with the Sierra Reserve, and is bound by the provisions set forth in the Sierra Mint User Agreement
“General Redemption” means the process, if and when made available by Sierra Reserve Limited, by which Users of Sierra Tokens who are not Authorized Participants may submit requests directly to Sierra Reserve Limited to redeem Sierra Tokens in exchange for Settlement Assets. For the avoidance of doubt, no User shall have any contractual, legal, or equitable right to General Redemption unless and until such facility is formally implemented and expressly communicated by Sierra Reserve Limited
“General Redemption Facility” means any program, mechanism, or process formally established and operated by Sierra Reserve Limited that enables Users who are not Authorized Participants to redeem Sierra Tokens in accordance with the General Redemption terms, procedures, and conditions published by Sierra Reserve Limited The existence, scope, and operation of any General Redemption Facility shall be at the sole discretion of Sierra Reserve Limited, and may be modified, suspended, or terminated at any time without notice.
"Interface" refers to the web-based or application-based portal operated or controlled by Sierra Reserve Limited.
"Restricted Persons" includes individuals or entities located in restricted jurisdictions, sanctioned under applicable international laws or based in embargoed jurisdictions.
“Settlement Asset(s)” means USDC or any other stablecoin or digital asset expressly approved and communicated by Sierra Reserve Limited from time to time as an acceptable medium of exchange for the sale, minting, issuance, repurchase or redemption of Sierra Tokens.
"Services" refers to all functionalities, tools, and interfaces made available by Sierra Reserve Limited
“Sierra Protocol” refers to a series of open source smart contracts that enable users to mint, redeem, transfer, and interact with Sierra Tokens.
"Sierra Token" is a digital asset issued by Sierra Reserve Limited on the Supported Blockchains.
"Supported Blockchains" are blockchain networks where Sierra Tokens are officially deployed.
"Terms and Conditions" or "Terms" refer to all terms outlined in this agreement between the User and Sierra Reserve Limited.
"User", "You", or "Your" refers to any person or entity accessing or using the Services.
2. General information about Sierra Reserve Limited and the Sierra Token
Sierra Reserve Limited is a company incorporated under the laws of the British Virgin Islands ("BVI") with its registered office at Rough Point, Mount Healthy, P.O. Box 4203, Tortola VG1110, British Virgin Islands, operating under the company number 2180053 ("Sierra Reserve", "Company", "we", "us", or "our"). The Company is responsible for the design, issuance, and ongoing development of the Sierra Token, a blockchain-based, digital asset.
The digital infrastructure provided by Sierra Reserve Limited includes the web-based platforms, interfaces, applications, APIs, smart contracts, and related tools (collectively, the "Interface") that enable Users to interact with the Sierra Protocol. Through this Interface, Users can access information and features related to the Sierra Token and its associated functionalities.
The protocol provided by and maintained by Sierra Reserve Limited (the "Protocol") enables, among other things:
The issuance and management of the Sierra Token, a digital asset fully backed by a diversified reserve of yield-generating assets, including traditional finance (TradFi) instruments (e.g., short-term sovereign debt, high-grade fixed income securities) and decentralized finance (DeFi) strategies;
Smart contract-based mechanisms for automated yield distribution and asset movement on selective blockchains
Transparent interactions through non-custodial wallet integration;
Data access and governance insights, where applicable.
The Sierra Token is structured to reflect the economic outcomes of investment activities undertaken by Sierra Reserve Limited. Sierra allocates the reserve across a diversified mix of real-world and crypto-native assets, with the aim of generating long-term value. While no direct yield distributions are made directly to token holders, Sierra Reserve Limited aims to share the economic benefits of its investment activities through potential appreciation in the value of the Sierra Token over time, although no assurance or guarantee of such appreciation can be made.
3. Scope of the Services
These Terms apply solely to individuals or entities who interact with Sierra Tokens via custodial or non-custodial wallets and are not an Authorized Participant of Sierra Reserve Limited. You acknowledge and agree that Sierra Reserve Limited does not maintain custody of user assets and does not operate a wallet service, exchange, or general redemption facility.
Your acquisition, holding, trading, lending, borrowing, or use of Sierra Tokens via the Sierra Protocol, or otherwise, is subject to these Terms. These Terms govern the manner in which you may interact with the Interface and the Sierra Protocol deployed by or on behalf of Sierra Reserve Limited.
Sierra Tokens are digital tokens issued by Sierra Reserve Limited. Holders of Sierra Tokens have no claim, right, or entitlement against Sierra Reserve Limited for general redemption, repayment, guarantee of liquidity or any form of economic return. Sierra Reserve Limited nonetheless aims to facilitate deep and sustainable liquidity in the secondary market through Authorized Participants, so that users may, in practice, be able to buy and sell Sierra Tokens or seek liquidity via such secondary market mechanisms.
By sending Sierra Tokens to another blockchain address, you transfer full control and ownership of those tokens to the recipient of that address. You understand and agree that, unless the recipient complies with these Terms and applicable eligibility conditions, they may not be entitled to any associated benefits.
4. Compliance with Laws, Jurisdictional Restrictions, and Prohibited Uses
Your use and possession of Sierra Tokens are subject to the laws of the British Virgin Islands (BVI), as well as any other local, national, or international laws applicable to you based on your residency, citizenship, or business operations. You are solely responsible for ensuring your actions comply with all relevant legal obligations, including tax reporting, anti-money laundering (AML), counter-terrorist financing (CTF), and financial services regulations.
4.1 Sanctioned Countries
Sierra Reserve Limited upholds strict adherence to applicable international sanctions laws and related restrictions. Accordingly, you may not access or use the Interface, Protocol, or Sierra Tokens if you are:
Sanctioned by, or designated under, any international regime such as those administered by the United Nations, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the U.K. Office of Financial Sanctions Implementation (OFSI), or the EU Sanctions List;
Operating from, incorporated in, or otherwise affiliated with jurisdictions subject to comprehensive sanctions, including but not limited to North Korea, Iran, Syria, Cuba, Russia, Belarus, Venezuela, or any other territory subject to equivalent restrictions;
Controlled or majority-owned by any individual or entity meeting the above criteria.
4.2 Regulatory Restricted Jurisdictions
In addition to the above, Sierra Tokens are not available to entities or persons located in or acting on behalf of residents of the United States or the United Kingdom.
Your continued use of the Services is contingent upon ongoing compliance with these Terms and all applicable legal frameworks. Sierra Reserve Limited reserves the right to suspend or terminate access to the Interface or Services at its sole discretion, with or without notice, if there is reason to believe you are in breach of any applicable rules or obligations.
4.3 Prohibited Activities
By using the Services or interacting with Sierra Tokens, you agree that you will not engage in any of the following unauthorized behaviours:
Breach or assist others in breaching any law, statute, regulation, or ordinance;
Participate in or facilitate any fraud, deception, or malicious behaviour targeting Sierra Reserve Limited or other users;
Submit or rely on false, deceptive, or incomplete information;
Disrupt or compromise any system, data, or service, including attempts to gain unauthorized access;
Participate in any transactions linked to criminal proceeds or activities;
Upload or spread malware, viruses, or other forms of malicious code;
Access or attempt to access other users’ wallets or accounts without permission;
Use the Services on behalf of another individual or organization without proper authority;
Collect or harvest information about users without their express consent;
Harass, defame, or infringe on the legal, intellectual property, or privacy rights of Sierra Reserve Limited or any third party;
Upload or share illegal, offensive, or protected content without appropriate rights or authorizations.
4.4 Banned Use Cases and Transaction Types
You also agree that you will not use Sierra Tokens or related tools for any activities involving:
Individuals or entities subject to sanctions;
The purchase or sale of weapons, including firearms, ammunition, explosives, or related gear;
Controlled substances (such as narcotics, steroids, or drug-related equipment), unless the transaction is clearly permitted under both local and international law;
Financing terrorism or laundering illicit funds;
Any investment or payout schemes resembling Ponzi structures, pyramid sales, or multi-level marketing models;
The distribution or sale of products or services that violate third-party intellectual property rights;
Services deemed high-risk from a consumer protection standpoint, including credit repair or financial scams;
Handling legal settlements, court-ordered payments, or tax-related transactions through the Protocol;
Operating unlicensed remittance, money transfer, or payment processing services;
Selling annuity products or engaging in layaway-style payment models;
Manufacturing or distributing counterfeit goods or fake documents, including imitation identification;
Engaging in manipulative trading tactics, including but not limited to wash trading, front-running, and insider trading;
Purchasing goods or services from darknet or illegal marketplaces, even if the platform also sells lawful items.
If Sierra Reserve Limited reasonably suspects that you are in no compliance with any of these conditions, it may restrict or permanently revoke your access to the Interface and Services without notice or liability.
5. AML AND CTF COMPLIANCE
Sierra Reserve Limited is committed to complying with all applicable Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) laws and regulations in the British Virgin Islands and any other relevant jurisdictions. Although Sierra Reserve Limited operates a non-custodial, decentralized Protocol, we maintain internal standards and screening procedures designed to mitigate the risk that the Sierra Token or related services are used for illicit activities.
We reserve the right to implement, directly or through service providers, reasonable measures to detect and deter suspected money laundering, terrorist financing, and other unlawful conduct, including the use of blockchain analytics tools. Sierra Reserve Limited may block or restrict access to the Interface and Services for any address or individual suspected of involvement in illegal or sanctioned activity.
We take compliance seriously and may report suspicious activity to competent regulatory or enforcement authorities where required by law or where we deem it appropriate for risk mitigation. You acknowledge and agree that Sierra Reserve Limited may take any measures it considers necessary to comply with applicable AML/CTF obligations, including restricting access to or forfeiting rights associated with Sierra Tokens in cases of abuse.
6. Supported Blockchains, Protocol Integrity and Reserve Transparency
Sierra Tokens are only officially deployed and supported on specific blockchain networks selected and designated by Sierra Reserve Limited (the “Supported Blockchains”). Users are solely responsible for verifying that they are interacting with the correct, officially supported smart contracts and interfaces. Any engagement with Sierra Token contracts on unrecognized, unsupported, or unauthorized blockchains is done entirely at the user’s own risk.
Due to the open-source and decentralized nature of blockchain technology, third parties unaffiliated with Sierra Reserve Limited may attempt to deploy unauthorized copies or imitations of Sierra Tokens on other networks or forks of the Supported Blockchains. These unauthorized tokens or wrapped representations (collectively, “copies”) are not supported by Sierra Reserve Limited, and we assume no responsibility or liability for any losses, misrepresentations, or damages arising from their use.
In the event of a fork, reorganization, attack, or any material change affecting one or more Supported Blockchains, Sierra Reserve Limited shall have sole discretion to determine whether and how to support the affected chain(s), if at all. Users acknowledge that such events may result in temporary or permanent disruptions to Services and smart contract functionality. Sierra Reserve Limited shall not be liable for any delays, losses, or inability to access Sierra Tokens or related services during or following such events.
Sierra Reserve Limited does not guarantee, represent, or warrant the market price, availability, or liquidity of the Sierra Token. The value of the Sierra Token is determined solely by prevailing market forces and trading activity on independent third-party venues. While Sierra Reserve Limited may implement measures intended to promote fair market conditions, it disclaims any obligation or liability with respect to market performance, resale opportunities, or general redemption rights. The investment activities undertaken by Sierra Reserve Limited are intended to generate economic interests that may be reflected through appreciation in the value of the Sierra Token; however, no assurance is given, and no representation or warranty is made, that any such appreciation is guaranteed to occur.
To support user confidence and transparency, Sierra Reserve Limited publishes up-to-date data on the Sierra Token reserve composition and yield performance through a public dashboard accessible via the Interface. This dashboard reflects the underlying reserve portfolio, which consists of yield-bearing assets from both traditional finance (e.g., government securities) and decentralized finance protocols.
Users are responsible for monitoring this information and acknowledging that reserve values may fluctuate over time based on market and protocol conditions. The dashboard is provided for informational purposes only and does not constitute a contractual obligation or guarantee.
Reserve assets supporting Sierra Tokens are maintained in segregated accounts from Sierra Reserve Limited’s corporate operating funds. However, holders of Sierra Tokens have no direct, legal, or beneficial ownership of any reserve assets backing Sierra Tokens.
7. Risk Factors and Disclosures
This section outlines key risks associated with using the Sierra Reserve Limited Interface, Protocol, and Sierra Token. The list below is not exhaustive and is provided to help you make an informed decision. You acknowledge and accept all such risks by using the Services.
7.1 Market Risk and Liquidity
Sierra Reserve Limited does not guarantee the price, value, or liquidity of the Sierra Token. Token value may fluctuate significantly based on market dynamics, user demand, macroeconomic conditions, and third-party exchange activity. Sierra Tokens may trade above or below the intrinsic or reserve-backed value at any given time. You are solely responsible for assessing the suitability of holding or transacting with Sierra Tokens and for monitoring market conditions.
7.2 Blockchain and Protocol Limitations
Sierra Tokens are only supported on specific, authorized blockchain networks (“Supported Blockchains”). Interacting with Sierra Token contracts on unauthorized, third-party, or forked versions of any blockchain is entirely at your own risk. Sierra Reserve Limited is not responsible for losses arising from:
Copies or “wrapped” versions of Sierra Tokens;
Blockchain forks, reorganizations, or network disruptions;
Use of the token or smart contracts on unsupported chains; and
Network congestion or elevated transaction (gas) fees.
We do not control or operate the underlying blockchain networks on which the Protocol is deployed. The operation, security, and performance of those networks are not guaranteed.
7.3 Reserve Transparency
While Sierra Tokens are designed to be backed by a reserve of TradFi and DeFi yield-generating assets, no specific return or performance level is guaranteed. The reserve portfolio and yield data are made transparently available through a public dashboard accessible via the Interface. This data is for informational purposes only and may be subject to change. The value of reserves may vary over time due to interest rate shifts, market volatility, smart contract risk, or other systemic events.
7.4 Smart Contract and Technology Risk
All interactions with Sierra Tokens are governed by autonomous smart contracts. These contracts may contain bugs, security vulnerabilities, or logic errors that could result in loss of tokens or access to services. On-chain transactions are irreversible, and Sierra Reserve Limited has no ability to reverse, recover, or modify erroneous or unintended transactions. Users are responsible for double-checking transaction details before confirming any action.
7.5 No Custody, Advice, or Fiduciary Relationship
Sierra Reserve Limited does not custody any user funds or private keys. We do not serve as your broker, agent, custodian, financial advisor, or fiduciary. You alone are responsible for:
The security and storage of your wallet credentials, including private keys and seed phrases;
Making your own legal, financial, accounting, and tax decisions; and
Understanding and accepting the implications of interacting with decentralized finance systems.
Loss of access to your private keys may result in irreversible loss of Sierra Tokens. We cannot assist in recovery.
7.6 Regulatory Uncertainty
The regulatory status of digital assets, decentralized finance (DeFi) protocols, and yield-bearing tokens remains uncertain and is rapidly evolving in many jurisdictions. Sierra Reserve Limited operates under the laws of the British Virgin Islands (BVI) and does not serve, solicit, or permit retail users located in the United States, the United Kingdom, the European Union, or other jurisdictions subject to sanctions or restrictive cryptocurrency regulations.
You acknowledge and agree that:
Regulatory inquiries, enforcement actions, or legal changes may affect your ability to access or use the Services;
New laws or regulations may limit, restrict, or prohibit your ability to interact with the Sierra Protocol or receive yield from Sierra Tokens;
Sierra Reserve Limited reserves the right to restrict, suspend, or terminate access to the Services where legally required or where it determines such action to be necessary for regulatory compliance; and
It is your sole responsibility to determine and ensure that your access to and use of the Sierra Token and related Services is lawful in your jurisdiction, including compliance with any licensing, registration, tax, or reporting requirements that may apply to you under local, national, or international law. Sierra Reserve Limited shall not be liable for any losses, penalties, or legal consequences arising from your failure to comply with applicable laws or regulations.
7.7 Cybersecurity and Service Disruptions
The Interface and associated Services may be affected by outages, latency, cyberattacks, or unexpected surges in demand. These may result in limited access, delays in yield distribution, or failure of certain functionalities. You agree that:
Sierra Reserve Limited makes no warranty of uninterrupted or error-free operation;
You assume the risk of system failure or downtime;
Sierra Reserve Limited is not liable for losses caused by service interruptions, denial-of-service attacks, or malicious actors.
7.8 Transparency and Accuracy
While Sierra Reserve Limited strives to provide accurate, timely, and clear information through the Interface and public dashboard, we do not warrant the completeness, reliability, or accuracy of any content presented. All data, including Sierra Token pricing, reserve composition, projected yields (APY), and performance metrics, should be independently verified by the User. Decisions based on such information are made at your own risk.
Sierra Reserve Limited invests exclusively in high-quality, liquid, and yield-generating assets across both traditional and decentralized finance markets. We utilize the expertise of reputable third-party service providers, custodians, and asset managers to support reserve performance, diversification, and risk management.
We are committed to providing users with the highest degree of transparency reasonably possible. To support this, we maintain a continuously updated, publicly accessible dashboard displaying detailed reserve and performance data. Users are encouraged to review this dashboard regularly at: https://app.sierra.money/transparency.
7.9. Public Nature of Blockchain Transactions
Sierra Token transactions and user activity are publicly recorded on the blockchain. While wallet addresses are pseudonymous, blockchain transparency may allow third parties to associate on-chain activity with personal identity. You acknowledge that your activity is not private and may be visible to others.
7.10. No Responsibility for Third Parties
Sierra Reserve Limited does not endorse or assume responsibility for any third-party platforms, bridges, interfaces, tokens, or service providers, including those that purport to support or integrate the Sierra Token. Interaction with any third-party tools is entirely at your own risk. Contributors to the Sierra ecosystem are independent actors and are not agents of Sierra Reserve Limited.
8. Privacy
Sierra Reserve Limited is committed to safeguarding your personal data and ensuring transparency about how it is handled. We encourage you to review the Sierra Privacy Policy, which outlines in detail how your information is collected, stored, secured, and utilized when you interact with the Interface or related Services. It is your responsibility to read and understand this policy to stay informed about your privacy rights and our data practices.
9. No General Redemption Rights
Sierra Tokens are not redeemable directly with Sierra Reserve Limited unless onboarded as an Authorized Participant. Users of the Protocol do not hold a contractual right to exchange Sierra Tokens for fiat currency or reserve assets from Sierra Reserve Limited, nor does the Company operate any general redemption or withdrawal facility.
However, Sierra Tokens may be freely transferred on-chain and exchanged through various peer-to-peer methods or through third-party venues, including centralized exchanges (CEXs), decentralized exchanges (DEXs), or over-the-counter (OTC) trading platforms. The availability, pricing, and liquidity of Sierra Tokens on these platforms are determined by market dynamics and are not controlled or guaranteed by Sierra Reserve Limited.
10. Language
These Terms have been drafted and entered into in the English language at your request. All communications, notices, disclosures, and documentation relating to your use of the Interface or Services shall be provided in English. If these Terms are translated into any other language for convenience, legal proceedings, or any other reason, the English version shall take precedence and govern in the event of any inconsistency or dispute.
11. User’s Representations, Warranties and Acknowledgements
By accessing or using the Interface or any part of the Services, including interacting with Sierra Tokens, you represent, warrant, and acknowledge that:
11.1 Legal Capacity and Authority
You are at least eighteen (18) years old, have full legal capacity, and are legally competent to enter into and be bound by these Terms. If you are acting on behalf of a legal entity, you represent and warrant that you have the necessary legal authority to bind such entity to these Terms.
11.2 Non-Restricted Jurisdiction
You are not a citizen, resident, or located in any jurisdiction that is subject to sanctions, embargoes, or other legal restrictions under the laws of the British Virgin Islands, United States, United Kingdom, European Union, or any other country or territory where your use of the Services or possession of Sierra Tokens would violate any applicable laws or regulations. You further represent that you are not a “Restricted Person” as defined in these Terms.
11.3 Compliance with Local Law
You are solely responsible for ensuring that your access to and use of the Services and Sierra Tokens complies with all laws, rules, and regulations applicable to you, including but not limited to those related to tax, anti-money laundering, counter-terrorist financing, and financial conduct. Sierra Reserve Limited makes no representations regarding the legality of your use of the Services in your jurisdiction.
11.4 No Prohibited Use
You will not use the Interface, Protocol, or Sierra Tokens for any Prohibited Activities or Banned Use Cases as outlined in Section 4.1 and 4.2 of these Terms, including but not limited to engaging in unlawful conduct, facilitating fraud, transmitting malware, or transacting with sanctioned parties.
11.5 Acknowledgement of Risks
You understand and accept the risks associated with interacting with smart contracts, blockchain technology, and digital assets, including but not limited to the risk of asset loss due to technical errors, smart contract vulnerabilities, market volatility, and regulatory changes. You have read and understood the Risk Factors and Disclosures in Section 7.
11.6 No Expectation of Redemption or Guarantees
You acknowledge that Sierra Tokens are not redeemable with Sierra Reserve Limited unless onboarded as an Authorized Participant, and the Company does not provide any general guarantee of liquidity, yield, or value. You further understand that all market-based interactions with Sierra Tokens occur independently of Sierra Reserve Limited via decentralized or third-party platforms.
11.7 Independent Decision-Making
You understand that Sierra Reserve Limited does not provide investment, legal, accounting, tax, or other professional advice. You have independently evaluated whether participation in the Protocol or interaction with Sierra Tokens is appropriate for you and have consulted with qualified professionals where necessary.
11.8 No Fiduciary Relationship
You acknowledge that Sierra Reserve Limited does not act as your agent, broker, advisor, custodian, or fiduciary in connection with your use of the Services, and no such relationship is established by your use of the Interface, Sierra Protocol, or Sierra Tokens.
11.9 Wallet Security
You are solely responsible for safeguarding your access credentials, including private keys, seed phrases, passwords, and any other information required to access and use your wallet. You agree that Sierra Reserve Limited has no control over or ability to access your wallet and bears no liability for any loss or unauthorized access.
11.10 Binding Effect
These representations, warranties, and acknowledgements are ongoing and form a material basis of your agreement with Sierra Reserve Limited. Any breach may result in termination of your access to the Services and, where appropriate, referral to relevant authorities.
12. Disclaimer of Warranties; Limitation of Liability; Indemnification
12.1 Disclaimer of Warranties
The Services, the Interface, and all associated content, functionalities, and Sierra Tokens are provided on an “as is” and “as available” basis without warranties of any kind, whether express, implied, or statutory. To the fullest extent permitted under applicable law, Sierra Reserve Limited expressly disclaims all representations and warranties of any kind, including but not limited to:
Any implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement;
Any warranties arising from course of dealing or usage of trade;
Any guarantee that the Services or Interface will be secure, free from viruses or other harmful components, or operate without interruption or error
Any warranty regarding the legality or appropriateness of your use of the services in any jurisdiction;
Any warranties relating to the functionality, availability, or stability of underlying blockchain networks or third-party services; and
Any assurance that sierra tokens will maintain value, yield, or liquidity.
You acknowledge that your access to and use of the services is at your sole risk and discretion.
12.2 Limitation of Liability
You acknowledge and expressly agree that you assume full responsibility for your access to and use of the Services and/or the Interface. You further acknowledge that any information transmitted to or from the Services or Interface may not be secure and may be intercepted, accessed, or acquired by unauthorized third parties. Your access and use of the Services, Interface, and Sierra Tokens are entirely at your own risk.
In light of the foregoing, you understand and agree that, to the fullest extent permitted under applicable law, Sierra Reserve Limited and its affiliates, officers, directors, employees, contractors, or agents shall not be liable to you for any direct, indirect, incidental, special, consequential, punitive, exemplary, or other damages or losses of any kind—whether based in contract, tort, strict liability, or any other legal theory—even if advised of the possibility of such damages. This includes, without limitation, losses or damages relating to:
Your access to, use of, or inability to use the Services and/or Interface;
Unauthorized access to, or alteration of, your transmissions, data, or wallet;
Conduct or content of third parties via the Interface or on any third-party platform;
Any action taken or omitted by Sierra Reserve Limited in response to communications or interactions with you;
Technical malfunctions, system errors, software or hardware failures, latency, outages, omissions, or interruptions in networks or devices (including user wallets, blockchain nodes, or third-party services); Damage to any computer, mobile device, or digital wallet equipment resulting from use of the Services;
Inability to access or interact with the Interface or any functionality therein;
Theft, unauthorized access, tampering, or destruction of user-submitted content or on-chain data; Data loss, corruption, inaccuracy, delays, or incomplete processing; Typographical or display errors; and
Any other circumstance relating to your use of the Services and/or Interface.
Sierra Reserve Limited shall not be liable for any losses or damages arising from vulnerabilities, exploits, or unauthorized access related to the Protocol, third-party tools, or smart contracts, nor for any loss of funds caused by user negligence, malicious actors, or misuse of private keys or wallets. You acknowledge that the use of decentralized finance (DeFi) protocols, blockchain-based applications, and cryptographic tokens entails inherent risks, including but not limited to software bugs, governance failures, or regulatory disruption, which may lead to partial or total asset loss. It is your sole responsibility to take adequate measures to secure your digital assets and private credentials.
12.3 Indemnification
You agree to fully indemnify, defend, and hold harmless Sierra Reserve Limited and its officers, directors, employees, contractors, and affiliates from and against any and all claims, damages, obligations, losses, liabilities, costs, or expenses (including reasonable legal and professional fees) arising from or related to:
Your use or misuse of the Services, Interface, or Sierra Tokens;
Your violation of these Terms or any applicable law, rule, or regulation;
Any third-party claim arising out of your actions or omissions, including those related to digital asset transfers, wallet security breaches, or interaction with unverified protocols;
Your breach of any representation or warranty made herein.
Sierra Reserve Limited reserves the right to assume control of any matter subject to indemnification by you, in which case you agree to cooperate with Sierra Reserve Limited in asserting any available defences.
13. Force Majeure
Sierra Reserve Limited shall not be held liable or deemed in default under these Terms for any delay or failure to perform resulting from causes beyond its reasonable control, including but not limited to acts of God, natural disasters, fire, flood, earthquake, war, terrorism, civil unrest, government action, labor disputes, failure of suppliers, network or telecommunications failure, Internet outages, smart contract vulnerabilities, or protocol disruptions.
Any such event shall suspend the obligations of Sierra Reserve Limited for the duration of the delay or inability to perform. Sierra Reserve Limited will use reasonable efforts to mitigate the impact of a Force Majeure Event but shall not be required to perform under such circumstances until performance is again possible.
14. Governing Law, Mediation and Submission to Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to conflict of law principles. Any dispute, controversy, claim, or difference arising out of or relating to these Terms, the Interface, the Protocol, or any use of the Services shall first be submitted to good faith mediation, which the parties shall attempt to conduct within thirty (30) days of written notice of a dispute.
If a dispute cannot be resolved through mediation, it shall be brought exclusively before the courts of the British Virgin Islands. By using the Services, you agree and consent that only those courts shall have authority over the dispute, and you will not challenge that choice or argue that another court would be more convenient or appropriate.
15. Amendments
Sierra Reserve Limited may modify or update these Terms from time to time at its discretion by posting the revised version of these Terms with an updated revision date. The changes will become effective, and shall be deemed accepted by you, the first time you access or use Sierra Tokens or the Sierra Protocol after the initial posting of the revised Terms. In the event that you do not agree with any such modification, your sole remedy is to terminate your use of the Sierra Protocol. You agree that we shall not be liable to you or any third party as a result of any losses suffered by any modification or amendment of these Terms. Material changes will be communicated via the Interface or official communication channels.
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