Terms of Service

1 What $MORT is

$MORT is a fixed-supply meme token deployed on Robinhood Chain. It exists for entertainment and community participation. It has no intrinsic value, confers no ownership of any company, entity, or asset, entitles you to no dividends, and represents no claim on us or anyone else. Any character, lore, streak, or "account" associated with Mort is creative fiction.

2 No investment advice

Nothing on this site, in the protocol, in our channels, or in any $MORT materials is financial, investment, legal, or tax advice, a recommendation, or a solicitation to buy or sell anything. We are not your broker, adviser, or fiduciary. Do your own research and consult your own professionals. Any decision you make is yours alone.

3 How the protocol works

A fixed portion of each on-chain trading fee is routed automatically by immutable contract into three uses: buying a community-chosen tokenized stock ("the Stonks portion"), buying back and burning $MORT, and funding the team. The tokenized stock chosen each day is decided by a time-weighted holder vote. There is no administrator who can change these rules, pause them, or withdraw the pooled assets after deployment.

4 The tokenized-stock leg and "Mort's Account"

The tokenized stocks the protocol buys are debt securities issued by third parties (currently Robinhood Assets (Jersey) Limited). They provide economic exposure only to an underlying share or fund. They are not real equity: they confer no ownership, no voting rights, and no direct claim against the underlying company. Their value depends on, and is only ever as good as, the credit and solvency of the issuer.

A portion of each purchase is airdropped to holders and a portion is retained in an on-chain vault ("Mort's Account"). Mort's Account offers no redemption. You have no right to redeem, withdraw, or claim a pro-rata share of its contents, and it publishes no redeemable net asset value. This absence of redemption is deliberate.

5 Eligibility and restricted persons

The tokenized-stock leg carries the restrictions of the underlying stock tokens. Those tokens may not be offered, sold, or delivered, directly or indirectly, to U.S. persons, and are subject to further restrictions in the United Kingdom, Canada, Switzerland, and other jurisdictions. The stonk airdrop and related benefits are operated accordingly and are not available to restricted persons.

By participating you represent and warrant that: you are of legal age; you are not a restricted person and are not acting for one; your use of $MORT is lawful where you are; and you are solely responsible for complying with the laws, sanctions, and reporting and tax obligations that apply to you.

6 Risk disclosures

Crypto assets are volatile and high-risk. You should be prepared to lose the entire amount you spend. In particular:

• Total loss and volatility. The price of $MORT can fall, including to zero. Nothing in the protocol is a price floor, a guarantee, or a promise of return. The buyback-and-burn and the airdrop do not ensure any outcome; a token that is not traded pays nothing.
• Regulatory uncertainty. The characterization of $MORT and of the tokenized-stock mechanism under the laws of any given country is uncertain and may change. A regulator could take a different view of the arrangement, which could affect its availability, value, or legality in your jurisdiction.
• Issuer credit risk. The tokenized stocks are claims on a third-party issuer, not on the underlying company. If the issuer fails or defaults, the assets held by the protocol and airdropped to holders may lose value or become worthless.
• Corporate-action mispricing. Tokenized stocks handle splits and dividends through a multiplier rather than raw balances. Valuation or oracle errors around such events could temporarily misprice the daily purchase, the airdrop, or displayed figures.
• Smart-contract and MEV risk. The contracts may contain bugs or be exploited despite auditing. The daily on-chain purchase is predictable and may be front-run or sandwiched by automated actors, affecting execution price.
• Vote capture. A large holder can influence or determine which stock is bought on a given day. Time-weighted voting raises the cost of doing so but does not eliminate it.
• Oracle risk. The protocol relies on external price oracles for valuation and slippage bounds. Stale or incorrect data can cause the daily purchase to pause or misbehave.
• No redemption. You cannot redeem $MORT or Mort's Account for its underlying assets. Your only exit is to sell $MORT on the open market, subject to available liquidity.

7 No guarantees; "as is"

$MORT, the protocol, this site, and all related materials are provided "as is" and "as available," without warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, availability, or non-infringement. We do not warrant that the protocol will be uninterrupted, error-free, secure, or that any particular result will be achieved.

8 Limitation of liability

To the maximum extent permitted by law, the creators, contributors, and team behind $MORT will not be liable for any indirect, incidental, special, consequential, or exemplary damages, or for any loss of profits, tokens, assets, or data, arising out of or relating to $MORT, the protocol, or these Terms, whether based in contract, tort, or otherwise, even if advised of the possibility of such damages. You use $MORT at your own risk.

9 Prohibited use

You may not use $MORT for any unlawful purpose, including money laundering, terrorist financing, sanctions evasion, fraud, or market manipulation, or in any way that violates the laws applicable to you. You are responsible for determining, reporting, and paying any taxes arising from your activity.

10 Forward-looking statements

Materials about $MORT may describe intended mechanics, roadmap, or aspirations. These are forward-looking and not guarantees; features may change, be delayed, or never ship. Nothing described as a goal should be relied on as a commitment.

11 Changes to these Terms

We may update these Terms from time to time. Changes take effect when posted, and the "Last updated" date will reflect the revision. Your continued use of $MORT after a change means you accept the updated Terms.