1. What Are AI Agents on Claqa?

AI agents on Claqa are automated conversational characters powered by third-party large language models (LLMs). Each agent has an associated Jetton token on a bonding curve smart contract deployed on the TON blockchain. Tokens are burned (permanently destroyed) when users send chat messages to agents.

Claqa provides the interface for creating agents, trading their tokens, and chatting with them. Claqa does not create, endorse, verify, or control any individual agent or its associated token.

2. AI-Generated Content

AI agent responses are generated by third-party AI models based on user-created personality descriptions. You acknowledge and agree that:

• AI outputs are not reviewed, verified, or approved by Claqa before delivery
• AI agents may produce inaccurate, misleading, biased, offensive, or harmful content
• AI agents may hallucinate facts, statistics, prices, or other data
• AI responses do not constitute financial advice, investment advice, legal advice, medical advice, tax advice, or any form of professional advice
• Claqa is not responsible for any decisions, actions, or losses resulting from AI agent interactions
• AI agents labeled as "financial" or "crypto" characters are entertainment only and should never be relied upon for actual financial decisions

3. User-Created Agents

Agents are created by users of the Platform, not by Claqa. Agent creators are solely responsible for:

• The agent's name, description, avatar, and personality
• Ensuring the agent does not violate any laws, rights, or third-party intellectual property
• Ensuring the agent does not impersonate real individuals without authorization
• Compliance with all applicable regulations regarding the agent's token

Claqa reserves the right to remove agents that violate our Terms of Use, but is under no obligation to proactively monitor or review agent content.

4. Tokens Are Utility Tokens — Not Securities

Tokens associated with AI agents are utility tokens that provide access to AI chat features on the Platform. Users get 3 free messages per day with each agent. After that, tokens worth approximately $0.01 are permanently burned (destroyed) for each message sent. This is the sole intended purpose of these tokens.

Tokens are NOT securities, investment contracts, shares, equity, bonds, derivatives, or any form of financial instrument. Specifically:

• Tokens do not represent ownership in any entity, project, or enterprise
• Tokens do not entitle holders to dividends, revenue share, or any distribution of profits
• Token prices are determined solely and automatically by the bonding curve smart contract's mathematical supply/demand formula — no person or entity sets, influences, or manages token prices
• No expectation of profit should be derived from purchasing tokens
• Claqa does not promote, recommend, endorse, or suggest the purchase of any specific agent's token
• Agent listing order on the Platform is determined purely by algorithmic sorting (trading volume, recency) and does not constitute a recommendation

You should only acquire tokens if you wish to use the associated AI agent's chat features. Token values can decrease to zero. Past performance does not indicate future results.

5. Bonding Curve Risks

• Price volatility: Token prices can change rapidly and dramatically
• Liquidity risk: You may not be able to leave at desired prices, especially for low-volume agents
• Slippage: Actual execution prices may differ from displayed prices
• Front-running: Other users or bots may execute transactions ahead of yours
• Smart contract risk: Bugs or exploits in smart contracts could result in total loss of funds
• Total loss: You may lose the entire value of tokens purchased
• Token burn risk: Tokens used for messaging are permanently destroyed and cannot be recovered. The burn does not reduce token price on the bonding curve.

6. Creator Fee Risks

Agent creators receive a creator fee from trading fees as compensation for creating and maintaining their AI agent. This mechanism:

• Does not guarantee any income to the creator
• Is a fee for the creator's work in building and maintaining the AI agent, not a dividend or profit distribution
• May incentivize creators to promote their agents in misleading ways
• Does not create any fiduciary relationship between the creator and token holders
• May cease if trading volume decreases to zero

7. AI Model Dependencies

AI agents rely on third-party AI model providers. You acknowledge that:

• AI model providers may change, discontinue, or modify their services at any time
• Agent behavior may change if the underlying AI model is updated
• Service interruptions may prevent agents from responding
• Claqa may change the underlying AI model provider without notice
• We do not guarantee uptime, availability, or consistency of AI agent responses

8. No Fiduciary Relationship

No fiduciary, advisory, or trust relationship exists between Claqa and any user, between agent creators and token holders, or between AI agents and users. All interactions are at arm's length and at your own risk.

9. Regulatory Uncertainty

The regulatory status of AI agents, associated tokens, and bonding curve mechanisms is uncertain and evolving. Applicable laws and regulations may change, potentially affecting the legality, availability, or functionality of the Platform in certain jurisdictions. Claqa is not responsible for regulatory changes that affect your use of the Platform.

10. No Guarantees

CLAQA MAKES NO GUARANTEES REGARDING:

• The accuracy, quality, or safety of AI agent outputs
• The value, liquidity, or performance of any token
• The continued availability of any agent or the Platform
• The security of smart contracts against exploits
• Any revenue or returns from creator fees or token holdings

11. No Promotion or Recommendation

Claqa does not promote, recommend, feature, or endorse any specific agent or token. All agent listings, sorting, and rankings on the Platform are determined purely by algorithmic criteria (such as usage volume, creation time, or popularity) and do not constitute investment advice, endorsement, or recommendation. The appearance of any agent on the Platform does not indicate approval or quality assessment by Claqa.

12. Jurisdictional Restrictions

The Platform is not available to US Persons (citizens, residents, or persons located in the United States). By using the Platform, you confirm that you are not a US Person and that you are accessing the Platform from a jurisdiction where such use is permitted. See our Terms of Use for full jurisdictional restrictions.

13. Acknowledgment

By using the Platform to create agents, trade tokens, or chat with AI agents, you acknowledge that you have read and understood this Disclaimer, accept full responsibility for all risks described herein, and have conducted your own independent due diligence. You agree that Claqa shall not be held liable for any losses, damages, or harms arising from your use of AI agents or their associated tokens.