Virtual Assets are extremely volatile which means that their value and applicable exchange rates may change dramatically in a very short time depending on various factors and forces. Furthermore, the composition of Virtual Assets supplied to certain Third-Party Services, whether through the App or otherwise, may change, their value may go up or down, or drop significantly. Rainbow Network FZCO shall not be responsible for or held liable in connection with any damages or losses that you may incur as a result of or in connection with the change in the composition, value or price of your Virtual Assets.
$XGLI is not available for traders/users of the United States of America, for a citizen of any country that is on the sanctioned list, and for a citizen of any country where crypto tokens are currently prohibited. Usage (buying/trading/holding) of the XGLI by any individual from the above-mentioned countries constitutes a breach of contract and a violation of the Glitter Finance Terms and Conditions. Further information is available here.
All digital assets (“tokens”) which are affiliated with Rainbow Network FZCO and our platform/brand Glitter Finance (glitterfinance.org) are intended for users who are located in countries that treat tokens as utilities. Users in any countries that treat digital assets as securities are strictly prohibited from participating. As we are a decentralized (“DeFi”) and permissionless platform, we are not responsible for any violations of local laws or regulations by users who participate in our platform or trade any tokens associated with our platform, in spite of our legal warnings, and who break the Terms and Conditions on glitterfinance.org. By using our website, you acknowledge and agree to comply with all applicable laws and regulations in your jurisdiction as well as our Terms and Conditions.
XGLI is in itself a bridging mechanism as it is native to all blockchain Glitter integrates. XGLI is used as an incentive token, which allows traders to farm and stake at the same time on all supported blockchains. In the future, holders of the XGLI will gain exposure to swap and farming fees, within the Glitter ecosystem.