Terms of Use

Welcome to Alto, developed by Pearl Labs Limited, a company incorporated in the British Virgin Islands, d/b/a Pearl Labs (“Pearl Labs” “we,” “us”, or “our”).

"Alto" in these Terms means the Alto protocol software, consisting of the Alto protocol technology stack, including all of its smart contracts, as well as any other Alto technology (together the “Alto Protocol Software”).

For purposes of these Terms: “user”, “you”, and “your” mean you as the person accessing or using the Alto Protocol Software. If you use the Alto Protocol Software on behalf of a company or other entity then “you” includes you and that entity, and you represent and warrant that (a) you are an authorized representative of the entity with the authority to bind the entity to these Terms, and (b) you agree to these Terms on the entity’s behalf.

For purposes of clarity: Alto is not a wallet provider, exchange, broker, dealer, financial institution, payments processor, money services business, or creditor. The Alto Protocol Software functions exclusively by the deployment of smart contracts which automatically and autonomously, and, as part of their functionality, deduct technical fees which are automatically redistributed to Alto DAO members. Pearl Labs does not receive any of these technical fees at any time. Any and all functionalities of the Alto Protocol Software are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.

PEARL LABS HAS NOT AND WILL NOT ENTER INTO ANY LEGAL OR FACTUAL RELATIONSHIP WITH ANY USER OF THE ALTO PROTOCOL SOFTWARE. THESE TERMS SERVE AS A DISCLAIMER WHICH YOU ARE REQUIRED TO ACKNOWLEDGE PRIOR TO INTERACTING WITH THE ALTO PROTOCOL SOFTWARE.

• Regulatory Compliance and Risks

You are responsible for complying with all applicable law and regulation when interacting with the Alto Protocol Software. This includes your use, transfer, ownership of USDO token(s), Alto.Money ALTO Token(S), or any other digital asset or token. The laws around digital assets are rapidly evolving and you are responsible for keeping up to date and adjusting your positions accordingly in order to comply with regulatory standards.

The Alto Protocol Software could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit User’s ability to access or use the Alto Protocol Software.

• Access and Use of Alto Protocol Software at Own Risk

Pearl Labs has developed the Alto Protocol Software. However, the Alto Protocol Software runs in a fully decentralized and autonomous manner on the Ethereum network as well as on other decentralized networks. Pearl Labs is neither involved nor in any way responsible for the operation, running or functioning of the Alto Protocol Software and/or any of the interactions, collaborations or factual relationships between Users and the smart contracts of the Alto Protocol Software.

• The Alto Protocol Software is Fully Decentralized

Pearl Labs, as a matter of actual technical impossibility, is not able to access, control or influence any transaction, deposit or allocation made by the Users of the Alto Protocol Software and or the smart contracts deployed for the Alto Protocol Software. Further, as the Alto Protocol Software is built on the Ethereum & LayerZero network(s), their proper functioning is dependent on the Ethereum & LayerZero network's success and continued functioning.

• No Front End Provided by Pearl Labs

Pearl Labs, nor any of its affiliates or subsidiaries, do not operate or own their own frontend. Pearl Labs, nor any of its affiliates or subsidiaries, have not entered in any relationship or contract with any of the Alto Protocol Software frontend operators. There are no official frontend operators, and the use of any frontend is made by User at its own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the User.

• Pearl Labs Is Not Liable for Any Foreseeable or Unforeseeable Losses or Damages

PEARL LABS IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE ALTO PROTOCOL SOFTWARE

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This includes but is not limited to the loss of USDO token, Alto.Money ALTO Token, or any other digital asset or token. This also includes the non-allocation of technical fees, loss of data, inaccurate data or other losses sustained by a User or third parties related to the Alto Protocol Software and or any activity of a frontend operator or the failure to the Alto Software Protocol to operate with any other software. Pearl Labs is under no obligation to maintain, fix, amend, update or change the Alto Protocol Software and once deployed, Pearl Labs is unable to do so.

The Alto Protocol Software is of experimental nature and it may contain bugs, defects, or errors which may cause you to incur losses or damages. Further, as a result of being experimental in nature, any token or digital asset staked, deposited, or similarly placed into the Alto Protocol Software is at risk of being permanently lost.

Accessing the Alto Protocol Software requires deep knowledge of smart contract technology, blockchain, and related fields. Its use without proper skills and preparation may result in unintended and irreversible consequences.

Attacks by hackers on the software and smart contracts of the Alto Protocol Software are possible and should be accepted as a significant risk before accessing the Alto Protocol Software.

• Pearl Labs Has Deployed and Provides the Alto Software Protocol “AS IS” and on an “AS AVAILABLE” Basis

Pearl Labs provides the Alto Protocol Software"AS IS", without any warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and noninfringement. Further, Pearl Labs provides the Alto Protocol Software on an “AS AVAILABLE” basis without any representations, promises,or guarantees whatsoever of any kind by any entity and the User shall rely on its own examination and investigation thereof.

• Pearls Labs Disclaimer on Risks Relating to Digital Assets

You should access and read the Pearl Labs Risk Disclosure which is available at Risk Disclosure

In order to access and make use of certain features of the Alto Protocol Software, a User may need to acquire digital assets or tokens. There are a number of risks associated with purchasing, owning and using digital assets or tokens. Digital assets and tokens are volatile due to many factors including but not limited to adoption, speculation, technology, and security risks. You are exclusively responsible for the use of reasonable and commonly accepted measures for securing your digital asset wallet and private keys or any other storage mechanism used to receive and hold digital assets and tokens. If your private keys or other access credentials are lost, you may lose access to your digital assets or tokens which are interacting with the Alto Protocol Software. Pearl Labs will not be able to retrieve your digital assets or tokens.

Neither USDO nor Alto.Money ALTO Token represent or constitute any ownership rights or stake, shares or security or equivalent rights nor any rights to receive future revenues or shares or any other form of participation or governance rights in or relating to Pearl Labs. The value of Alto.Money ALTO Token and even USDO may experience extreme volatility or depreciate in full with no recourse to you.