1. Acceptance of Terms
By accessing and using CLOTTIS ("the Platform"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.
CLOTTIS is a community-powered SOL staking platform designed for Pakistani and South Asian markets, offering simple, transparent, and trust-based crypto staking services with the tagline "Stake Together. Earn Together. Locally."
2. Service Description
CLOTTIS provides the following services:
- SOL Staking: Delegation of Solana tokens to validators for earning rewards
- Reward Distribution: Pro-rata distribution of staking rewards to participants
- Community Support: Local support in Urdu and English
- Transparent Operations: Public verification of staking activities
3. Eligibility and Registration
3.1 Age Requirement
You must be at least 18 years old to use our services. By using CLOTTIS, you represent and warrant that you meet this age requirement.
3.2 Geographic Restrictions
While CLOTTIS is designed for Pakistani and South Asian markets, users from other regions may access our services subject to local regulations and compliance requirements.
3.3 Wallet Requirements
To use our staking services, you must have a compatible Solana wallet (e.g., Phantom, Solflare, Ledger). You are responsible for maintaining the security of your wallet and private keys.
4. Staking Services
4.1 Minimum Deposit
The minimum deposit amount is ₨500 (Pakistani Rupees) or equivalent in SOL. This low barrier entry is designed to make staking accessible to beginners.
4.2 Staking Process
Our staking process involves:
- User deposits SOL to our secure root wallet
- Funds are pooled and delegated to trusted validators (e.g., Jito, Marinade)
- Rewards are calculated based on network performance
- Pro-rata distribution occurs after staking period completion
4.3 Rewards and Fees
Rewards: Staking rewards depend on network performance and validator selection. Historical APY ranges from 5-10% but is not guaranteed.
Platform Fee: CLOTTIS charges a 5-10% commission on staking rewards to cover operational costs.
Network Fees: Users are responsible for Solana network transaction fees for deposits and withdrawals.
5. User Responsibilities
5.1 Wallet Security
You are solely responsible for:
- Securing your wallet and private keys
- Protecting against unauthorized access
- Backing up your wallet information
- Verifying transaction details before confirmation
5.2 Compliance
You agree to:
- Comply with all applicable laws and regulations
- Not use our services for illegal activities
- Provide accurate information when required
- Report suspicious activities
5.3 Prohibited Activities
You may not:
- Use our services for money laundering or terrorist financing
- Attempt to manipulate or exploit the platform
- Interfere with platform operations or security
- Provide false or misleading information
- Violate any applicable laws or regulations
6. Platform Security
6.1 Non-Custodial Nature
CLOTTIS operates on a non-custodial basis. We never store your private keys. Your funds remain under your control through your wallet.
6.2 Root Wallet Security
Our root wallet uses hardware security measures and is publicly verifiable. The wallet address is transparent for community trust.
6.3 Technical Safeguards
We implement:
- Encrypted API communications
- Hardware wallet protection
- Regular security audits
- Multi-signature protocols (future implementation)
7. Risk Disclosure
7.1 Cryptocurrency Risks
You acknowledge the following risks:
- Volatility: Cryptocurrency prices are highly volatile
- Market Risk: Staking rewards depend on network performance
- Technical Risk: Blockchain technology involves technical risks
- Regulatory Risk: Changing regulations may affect services
7.2 Platform Risks
Additional risks include:
- Validator Risk: Validator performance affects rewards
- Liquidity Risk: Unstaking may require cooldown periods
- Operational Risk: Technical issues may temporarily affect services
8. Limitation of Liability
CLOTTIS shall not be liable for:
- Loss of funds due to user negligence or wallet compromise
- Market losses or reduced staking rewards
- Technical issues beyond our reasonable control
- Regulatory changes affecting cryptocurrency services
- Third-party validator performance issues
9. Indemnification
You agree to indemnify and hold harmless CLOTTIS, its officers, directors, employees, and agents from any claims, damages, losses, or expenses arising from your use of the platform or violation of these terms.
10. Service Availability
While we strive for 99.9% uptime, we do not guarantee uninterrupted service. We may temporarily suspend services for:
- Maintenance and updates
- Security measures
- Technical issues
- Regulatory compliance
11. Intellectual Property
All content, features, and functionality of CLOTTIS are owned by us and protected by intellectual property laws. You may not copy, modify, or distribute our content without permission.
12. Privacy
Your privacy is important to us. Please review our Privacy Policy, which is incorporated into these Terms of Service by reference.
13. Termination
13.1 User Termination
You may stop using our services at any time. However, you remain responsible for any pending transactions or obligations.
13.2 Platform Termination
We may terminate or suspend your access to our services if you:
- Violate these Terms of Service
- Engage in fraudulent activities
- Fail to comply with legal requirements
- Pose a security risk to the platform
14. Dispute Resolution
Any disputes arising from these terms will be resolved through:
- Direct communication and negotiation
- Mediation if necessary
- Legal proceedings in Pakistani courts as a last resort
15. Changes to Terms
We may modify these Terms of Service at any time. We will notify users of material changes through:
- Website announcements
- Email notifications
- Platform notifications
Continued use of our services after changes constitutes acceptance of the updated terms.
16. Governing Law
These Terms of Service are governed by and construed in accordance with the laws of Pakistan. Any legal proceedings will be subject to the exclusive jurisdiction of Pakistani courts.
17. Severability
If any provision of these terms is found to be unenforceable, the remaining provisions will continue in full force and effect.
18. Entire Agreement
These Terms of Service, together with our Privacy Policy, constitute the entire agreement between you and CLOTTIS regarding the use of our services.
19. Contact Information
For questions about these Terms of Service, please contact us:
- Email: legal@clottis.com
- Telegram: @CLOTTIS_Support
- WhatsApp: +92-XXX-XXXXXXX
20. Community Commitment
CLOTTIS is built on the principles of community trust and transparency. We are committed to:
- Providing transparent staking operations
- Supporting local crypto communities
- Maintaining high security standards
- Growing together with our users
"Stake Together. Earn Together. Locally."