Effective Date: 06/05/2025
Project Name: Centrix (CLC)
Formerly Known As: Centralized Ledger Crypto
1. Purpose of This Statement
This document outlines the legal posture, technical structure, and decentralized philosophy of the Centrix (CLC) protocol. It is intended to clarify our approach to fairness, transparency, and regulatory alignment. This statement supplements our Disclaimer and Terms of Use.
2. Open-Source, Experimental Protocol
Centrix is an open-source blockchain protocol developed for experimental and technical innovation. All source code is publicly available for inspection and contribution.
Token distribution is decentralized via a fair mining model.
However, the protocol itself — including its governance, updates, and core infrastructure — is centrally managed by a core development team.
The project is not structured as a public utility or DAO and does not operate as a financial service provider.
All software is provided “as is,” with no warranties or user support.
3. Fair Mining and Developer Reward
The CLC token is distributed solely through a proof-of-work (PoW) mining model. The project includes:
❌ No pre-mine
❌ No presale
❌ No investor or VC allocations
❌ No ICO, IEO, IDO, or token sale
A 2% developer fee is allocated per mined block, embedded transparently into the protocol. This:
Funds continued open-source development
Follows precedents set by other decentralized projects (e.g., Monero, Zcash)
Does not provide early access or central control
All other tokens are earned directly by miners through participation in the protocol.
4. No Custody or Financial Services
Centrix does not:
Hold or manage user funds
Provide staking, lending, or yield-generating services
Facilitate token trading, liquidity, or custodial solutions
Users interact with the protocol directly via non-custodial tools.
5. Exchange Listings & Market Neutrality
At this time:
CLC is not listed on any centralized or decentralized exchange
No guarantees, roadmaps, or timelines exist for future listings
No statements are made regarding price, liquidity, or financial return
Centrix is a technology protocol — not an investment product — and participation should not be motivated by financial speculation.
6. User Responsibility & Jurisdiction
Users are solely responsible for ensuring their compliance with:
Local and national laws regarding cryptocurrency use
Taxation requirements
Mining-related regulations
Export restrictions and sanctioned jurisdictions
Use of this protocol is prohibited in jurisdictions subject to international financial or technology sanctions (e.g., OFAC-sanctioned countries).
7. Privacy and Data Use
Centrix and its associated website:
Do not collect personal data
Do not use cookies or analytics trackers
Do not create user accounts or identify users
The protocol is designed for anonymous, self-directed use.
8. No Guarantees or Development Commitments
There is no guaranteed roadmap, team obligation, or promise of ongoing updates. The protocol may be modified, forked, or discontinued at any time. All use is at your own discretion and risk.
9. Indemnification
By using Centrix (CLC) or any associated tools, you agree to indemnify and hold harmless all developers, maintainers, and contributors from any claims, damages, or liabilities arising from your use or interaction with the protocol.
10. Final Note
Centrix is a decentralized, permissionless, and experimental blockchain project. It is not a financial service, product, or investment. No party involved makes any offer or guarantee of value, profits, or services. Participation is voluntary and should be approached with the same caution as any other public, experimental software.
For more details, see our Disclaimer and Terms of Use.
