Terms & Disclaimer

1. Nature of the Token

$MYCO is a governance token on the Solana blockchain. It represents participation in the MycoRealms DAO and enables holders to engage with futarchy-based governance via MetaDAO. $MYCO does not represent equity, debt, a share of profits, a revenue entitlement, or any form of financial product.

2. No Investment Contract

Purchasing $MYCO tokens does not constitute an investment contract. There is no promise, expectation, or guarantee of profit, yield, dividend, revenue share, or financial return of any kind. The token sale is a contribution toward a community-governed project, not a financial investment.

3. Risk Acknowledgment

By participating in the $MYCO token sale, you acknowledge and accept the following risks:

• The token may lose some or all of its value.
• Agricultural operations are subject to weather, market, regulatory, and operational risks.
• Smart contracts may contain bugs or vulnerabilities despite auditing efforts.
• Regulatory environments may change in ways that impact the project or token.
• Liquidity may be limited, and you may not be able to sell your tokens at a desired price or at all.
• The project may not achieve its stated goals or roadmap milestones.

4. Treasury and Fund Usage

Funds raised through the token sale are deposited into a market-governed DAO treasury. The team operates on a fixed monthly allowance ($10,000/month). All expenditures beyond this allowance require approval through futarchy governance — conditional markets where token holders trade with real capital to determine outcomes. The team cannot unilaterally access, redirect, or withdraw treasury funds outside of governance-approved proposals.

5. Team Token Allocation

7,000,000 $MYCO tokens (35.18% of fully diluted supply) are allocated to the founder as a performance package, with zero tokens circulating at launch. Tokens unlock across five tranches of 1,400,000 each at 2x, 4x, 8x, 16x, and 32x the ICO price, subject to a minimum 18-month cliff. Unlock eligibility is evaluated via 3-month time-weighted average price (TWAP), not spot price. No founder tokens vest on time alone — only on performance.

6. Refund Policy

The token sale is conducted on Futardio, a permissionless ICO platform on Solana. If the raise target of $200,000 USDC is not met within the raise window, all contributions are automatically refunded via smart contract. No funds are held by the team during the raise.

7. Token Supply

$MYCO has a fully diluted supply of 19,900,000 tokens. The token is mintable, meaning the supply can be increased in the future if a proposal to do so is passed through futarchy governance by the community. Any minting decision is subject to the same market-based governance as all other proposals.

8. No Fiduciary Duty

The MycoRealms team, contributors, and DAO participants owe no fiduciary duty to token holders. Governance outcomes are determined by market mechanisms, not by the team. Participation is entirely voluntary and at your own risk.

9. Jurisdiction

MycoRealms operates as a decentralized autonomous organization. It is your responsibility to determine whether participation in the token sale and DAO governance is lawful in your jurisdiction. The project does not target or solicit participation from residents of jurisdictions where such activity is prohibited.

10. No Warranty

All information, software, smart contracts, and materials related to MycoRealms are provided “as is” without warranty of any kind, express or implied. The team makes no representations regarding the accuracy, completeness, or reliability of any information provided.