1. Introduction

Welcome to Creova ("we," "us," or "our"), a decentralised Web3 funding platform operated by [Creova Group Ltd], a [company] registered in [England/Wales/Scotland/Northern Ireland, Registration Number if applicable]. Creova enables users to support and manage public goods projects via crowdfunding and treasury grants through smart contracts deployed on the Ethereum blockchain at [0xF98a7F677cE887ABED858b594a0A728d84f98b38]. By accessing or using the Creova platform ("Platform"), you agree to these Terms & Conditions ("Terms"). If you do not agree, you must cease using the Platform immediately.

Public Goods Projects: Projects that create open, non-commercial benefits for communities, including educational tools, sustainability initiatives, or open-source software.

2. Acceptance of Terms

By interacting with the Platform—whether by accessing our website, funding a project, creating a campaign, or engaging with our smart contracts—you confirm that you have read, understood, and agree to be bound by these Terms, as well as our Privacy Policy. These Terms form a legally binding agreement between you and us.

3. Eligibility

To use the Platform, you must:

• Be at least 18 years old.
• Not reside in or be a citizen of any jurisdiction where blockchain funding or cryptocurrency transactions are prohibited, including those listed under UK sanctions regimes (e.g., Office of Financial Sanctions Implementation (OFSI) sanctions list).
• Complete Know Your Customer (KYC) verification if applying for a treasury grant or withdrawing funds exceeding 5 ETH (or equivalent in GBP at the prevailing exchange rate).

We reserve the right to refuse service to anyone who does not meet these criteria or violates these Terms.

4. Nature of Services

Crowdfunding: Users ("Funders") may contribute ETH to public goods projects initiated by other users ("Creators"). Creova does not guarantee project completion or success.

Treasury Grants: Eligible Creators may apply for support from the Creova treasury for public goods projects, subject to approval by designated voters or administrators.

Smart Contracts: All transactions are executed via the FundingPool smart contract. Once submitted, transactions are immutable and irreversible by Creova.

Project Approval: Creova reserves the right to reject or remove any project that does not align with our mission of supporting High Impact Projects or that violates these Terms, applicable laws, or community standards, at our sole discretion.

5. User Responsibilities

Creators: You must:

• Provide accurate, truthful, and non-misleading campaign details (e.g., name, funding goal, project description, IPFS CIDs).
• Design projects that qualify as High Impact Projects.
• Use funds solely for the purposes outlined in your campaign.
• Comply with all applicable laws, including UK tax, anti-money laundering (AML), and consumer protection regulations.
• Submit milestone proofs for treasury grants as required by the smart contract.

Funders: You are responsible for conducting due diligence before contributing to any project. Contributions are at your own risk.

KYC Compliance: Users withdrawing over 5 ETH or applying for treasury grants exceeding this amount must complete KYC verification via our third-party provider (e.g., Sumsub). Failure to comply may result in funds being locked until verification is completed.

6. Fees & Payments

Funding Fees: A 5% fee is deducted from each contribution:

• 2.5% to the Creova treasury (DAO-controlled wallet).
• 2.5% to Creova for platform maintenance.

Withdrawal Fees: A 2.5% fee is applied to all withdrawals:

• 1.25% to the treasury.
• 1.25% to Creova.

Gas Fees: Users bear all Ethereum network gas costs associated with transactions.

Fees are calculated and deducted automatically by the smart contract and are non-refundable unless Creova fails to provide core services due to our negligence.

7. Refunds

Crowdfunding: No refunds are available for contributions to crowdfunding campaigns, even if the funding goal is not met. Funds remain with the Creator after the 30-day deadline, subject to smart contract withdrawal rules.

Treasury Grants: Unspent funds from rejected milestones (after a 7-day resubmission window) are returned to the Creova treasury, not individual Funders.

Creova is not obligated to refund contributions lost due to user error, blockchain issues, or Creator misconduct.

8. Treasury Governance

Treasury funds are allocated quarterly, with a limit of 10% of the contract balance per quarter, adjustable by the contract owner.

Treasury grant campaigns are subject to approval by users with the VOTER_ROLE (as defined in the smart contract) or Creova administrators.

We may reject or auto-reject unreviewed treasury grant applications after 14 days, per the smart contract logic.

9. Risk Disclaimer

Volatility: Cryptocurrency (ETH) values are highly volatile, and funding projects carries financial risk.

Project Risks: Creova does not vet or endorse projects. Creators may fail to deliver, mismanage funds, or act fraudulently, and we are not liable for such outcomes.

Technical Risks: Smart contracts may contain bugs or be exploited. While designed with security in mind, we do not guarantee their functionality or security.

You acknowledge these risks and agree to use the Platform at your own discretion.

10. Governing Law & Dispute Resolution

These Terms are governed by the laws of England and Wales.

Disputes shall be resolved exclusively in the courts of England and Wales, unless mandatory consumer protection laws dictate otherwise.

We may offer arbitration as an alternative at our discretion.

11. Contact Information

For questions or support, email us at adaml@creova.xyz or visit www.creova.xyz.