Summary
- The terms of use for the Trump and Melania meme coins include a 'class action waiver' clause.
- The meme coins specify that they are not investment opportunities or securities, and there is no guarantee of value increase.
- Various clauses to avoid legal risks are included in the terms.
The terms of use for the Trump (TRUMP) and Melania (MELANIA) meme coins, which have recently been heating up the market, include a clause for waiving class action lawsuits.
On the 20th (local time), the terms posted on the official websites of the Trump and Melania meme coins include a 'class action waiver' clause.
According to the terms of the two meme coins, the class action waiver clause specifies that 'to the extent permitted by law, you agree not to initiate, join, or participate in any class action lawsuit against the protected parties regarding any claims, disputes, or controversies. You agree to an injunction to halt such lawsuits or to exclude yourself from the lawsuit participants.'
Additionally, the coin terms include several clauses to avoid legal risks, such as: △ Meme coins are not intended to be investment opportunities, investment contracts, or any type of securities, and should only be traded as the intended crypto assets as specified, and investors must agree to this △ There is no promise or guarantee that the value will increase or maintain the same value as the amount you paid to purchase them.
YM Lee
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