Risk and Security
Terms of Use
Welcome to Luckybit
Welcome to Luckybit, a decentralized gaming and betting platform ("Application"). Before accessing or using Luckybit, users are required to carefully read and comply with the terms and conditions outlined in these Terms of Use.
Important Information
Understand the Terms: Ensure you fully comprehend all provisions, especially those related to liability limitations, dispute resolution, and applicable law.
Disagreement: If you have any questions or disagree with these terms, you must immediately stop using the platform.
Acceptance: By accessing, registering, or using Luckybit, you confirm that:
You have fully read, understood, and accepted the Terms of Use.
You agree to abide by all terms and conditions set forth.
Core Features and Technologies
Price Oracle and Verifiable Random Function (VRF)
Luckybit employs advanced technologies to ensure fairness and transparency:
Price Oracle:
Powered by Chainlink, the Price Oracle provides accurate and reliable pricing data for arcade games and other platform operations.
Verifiable Random Function (VRF):
VRF ensures randomness in game outcomes, with results verifiable on-chain for provable fairness.
Limitation of Liability
Luckybit is a decentralized platform that facilitates user interaction with the protocol via blockchain wallets. While the platform is designed to be secure and efficient, users must be aware of and accept the following risks:
User Responsibility
Evaluate all risks associated with transactions, including token price fluctuations and exchange rate variations.
Luckybit does not guarantee profits or compensate for potential losses.
Information Disclaimer
All information provided (e.g., forecast prices, fees, and current rates) is supplementary and not intended as investment advice.
Luckybit strives for accuracy but cannot guarantee the timeliness or reliability of information.
Platform Continuity
Luckybit may modify, add, or discontinue features and services without prior notice.
Service interruptions may occur due to system errors, server maintenance, or blockchain congestion.
Third-Party Services
Luckybit relies on platforms like Arbitrum and Polygon for blockchain operations and cannot guarantee their reliability.
Smart Contract Risks
While designed for security, Luckybit’s smart contracts may have vulnerabilities, including risks from hacking or flash loan attacks.
Users should proceed with caution and be aware of these risks.
System Errors
Issues such as delayed transactions, connection errors, or service interruptions may occur.
Luckybit is not liable for these problems unless caused by willful misconduct or gross negligence.
Disclaimer
Luckybit is an evolving platform, and some features may change during development. Users should consider the following points before engaging with the platform:
Planned Features
Features and economic models are subject to testing and adjustment to maintain platform integrity and user experience.
Token Information
Any tokens associated with Luckybit are designed for ecosystem utility, not financial investments.
Tokens do not grant dividends, rights, or guaranteed returns.
Users are encouraged to seek independent financial advice before acquiring or using any tokens.
No Liability for Tokens
Luckybit is not responsible for losses or damages related to tokens within the ecosystem.
Use tokens at your own discretion and risk.
Acknowledgment of Risks
By using the platform, you acknowledge and accept all outlined risks and limitations.
Final Notes
Luckybit is dedicated to providing a safe, transparent, and innovative gaming experience. However, users are ultimately responsible for their actions and decisions on the platform. Proceed with caution, and ensure you fully understand all associated risks before participating.
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