Effective Date: 03/05/2025
Centrix (CLC), formerly known as Centralized Ledger Crypto, is an experimental cryptocurrency project that operates on the principles of a centralized ledger and Chain of Ownership technology. By engaging with Centrix or using its associated services, including accessing the official website at Centrix.fi, you acknowledge and accept the risks inherent in participating in an early-stage, experimental project.
Experimental Nature of the Project
Centrix is an evolving system, and as such, it is not a fully established or regulated platform. The technologies behind Centrix, including the Chain of Ownership, Centralized Ledger Currency, and Proof of Work (PoW) mechanisms, are subject to future modifications, upgrades, and changes. The project is experimental, and all users should understand that they are participating in a system that is still being developed and tested. Centrix makes no promises or guarantees about the future stability, value, or functionality of the platform.
No Financial Guarantees or Liability
Centrix (CLC) makes no warranties regarding the security, accuracy, or reliability of the platform, and any financial losses, damages, or other risks resulting from your participation are your sole responsibility. The Centrix team, developers, and associated entities are not liable for any losses, whether direct or indirect, arising from your use of Centrix. This includes, but is not limited to, financial loss due to market volatility, transaction errors, loss of access, or any other unforeseen issues.
Chain of Ownership and Centralized Ledger
The Centrix system is based on a centralized public ledger that records transactions, with a unique Chain of Ownership structure. This system allows each coin to have a historical record of previous owners, ensuring transparency without relying on traditional decentralized blockchain technology. Ownership is verified by cryptographic signatures, ensuring that coins are transferred securely, but no single entity has the power to alter or modify transaction records.
The Proof of Work (PoW) mechanism used by Centrix is designed to control the entry of new coins into circulation and encourage fair distribution. However, please note that transactions can take place without the need for mining, and the mining process itself is purely for distribution purposes.
Risk of Participation
By participating in Centrix, you acknowledge that the platform is experimental and does not provide the same assurances as fully established, regulated, or decentralized systems. There are inherent risks associated with the use of any experimental technology, including potential vulnerabilities, bugs, or issues with security, which could lead to the loss of your funds or assets. The Centrix platform operates without a central authority that can alter the ledger or modify transactions, but this does not eliminate risks.
No Financial Advice
Centrix is not intended to be used as an investment vehicle or financial product. The project is focused on providing a new technology for digital transactions and asset tokenization, not on generating returns for users. All users should understand that the value of Centrix coins (CLC) and the project itself may fluctuate, and there are no guarantees of any financial gains. You should always conduct your own research and consult with financial advisors before engaging in any cryptocurrency-related activities.
Security and Privacy
Centrix (CLC) does not store, access, or hold any private keys associated with user wallets. All private keys remain under the sole control of the user. It is your responsibility to secure and protect your private keys. Centrix is not liable for any loss of assets, security breaches, unauthorized transactions, or access issues resulting from the user’s failure to maintain the security of their private keys.
No Centralized Control
Despite using a centralized ledger, Centrix is built with complete transparency, ensuring that no single entity, including the Centrix team, can alter or modify transaction records. The system’s integrity is designed to be tamper-proof, providing users with confidence in the accuracy and security of their transactions. However, users are still responsible for safeguarding their participation in the network and should be aware that they engage with the system at their own risk.
Updates and Modifications
Centrix (CLC) reserves the right to update, modify, or discontinue any part of the project at any time, including the website at Centrix.fi, the technology, or the platform’s features. The project team will make every effort to communicate significant changes, but users must acknowledge that they are participating in an evolving, experimental system that may change without prior notice.
Final Acknowledgment
By using Centrix (CLC) or accessing Centrix.fi, you confirm that you have read, understood, and agreed to the terms and risks described in this disclaimer. You acknowledge that Centrix is an experimental project with inherent risks, and you are fully responsible for any losses or issues that may arise as a result of your participation.
For further information or support, please visit Centrix.fi.
