Terms of Service

1. Acceptance of Terms

By accessing or using Collector Loans (the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service.

Collector Loans is a decentralized lending protocol built on the Solana blockchain that allows users to borrow USDC against Pokemon card NFTs from CollectorCrypt.

2. Eligibility

To use the Service, you must:

• Be at least 18 years of age.
• Have a compatible Solana wallet.
• Not be located in a jurisdiction where use of the Service is prohibited.
• Not be on any sanctions list or subject to trade restrictions.

3. The Service

3.1 How It Works

Collector Loans allows you to deposit Pokemon card NFTs from CollectorCrypt as collateral and borrow USDC against their market value. The Service operates on-chain through smart contracts on the Solana blockchain.

3.2 Loan Terms

• Loan-to-Value (LTV): You may borrow up to 50% of your cards' assessed market value.
• Interest Rate: A fixed annual percentage rate (APR) of 5%, accruing daily.
• Duration: Loans have no fixed duration. Interest accrues until repayment.
• Origination Fee: None.

3.3 Collateral and Default

When you deposit cards as collateral, they are transferred to an on-chain escrow vault. If you repay your loan plus accrued interest, your cards are returned. If you do not repay, Collector Loans retains the deposited cards. There is no margin call or liquidation mechanism — you either repay or forfeit the cards.

4. User Responsibilities

You are responsible for:

• Maintaining the security of your wallet and private keys.
• Understanding the risks of blockchain transactions, including irreversibility.
• Ensuring the accuracy of transaction details before confirming.
• Complying with all applicable laws in your jurisdiction.
• Paying any applicable taxes on borrowed funds or interest.

5. Risks

By using the Service, you acknowledge and accept the following risks:

• Smart Contract Risk: The Service relies on smart contracts that may contain bugs or vulnerabilities despite auditing efforts.
• Market Risk: The value of USDC, NFTs, and Pokemon cards can fluctuate significantly.
• Blockchain Risk: The Solana network may experience congestion, outages, or forks.
• Regulatory Risk: Changes in laws or regulations may affect the availability or legality of the Service.
• Irreversibility: Blockchain transactions cannot be reversed once confirmed.

6. Prohibited Activities

You agree not to:

• Use the Service for money laundering, fraud, or any illegal activity.
• Attempt to manipulate card prices or exploit the pricing mechanism.
• Interfere with or disrupt the Service or its infrastructure.
• Use automated systems (bots, scrapers) without authorization.
• Circumvent any security features or access controls.

7. Intellectual Property

The Collector Loans name, logo, and associated branding are owned by Collector Loans. Pokemon is a trademark of The Pokemon Company. CollectorCrypt is a separate entity. All rights not expressly granted are reserved.

8. Limitation of Liability

To the maximum extent permitted by law, Collector Loans and its affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of funds, loss of NFTs, or loss of profits, arising from your use of the Service.

The Service is provided "as is" and "as available" without warranties of any kind, either express or implied.

9. Indemnification

You agree to indemnify and hold harmless Collector Loans, its officers, directors, and employees from any claims, damages, or expenses arising from your use of the Service or violation of these Terms.

10. Modifications

We reserve the right to modify these Terms at any time. Material changes will be communicated through the Service or via the website. Your continued use of the Service after changes constitutes acceptance of the updated Terms.

11. Termination

We may suspend or terminate your access to the Service at any time for violation of these Terms or for any reason at our sole discretion. Outstanding loans remain enforceable after termination.

12. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the applicable jurisdiction, without regard to conflict of law principles. Any disputes shall be resolved through binding arbitration.

13. Contact

For questions about these Terms:

• Email: legal@collectorloan.io