LEGAL

Risks, terms and privacy

Last updated 2026-11-09. This page applies to the Elyra website and to the ELY token.

1 · Read this first

ELY is a high-risk crypto-asset for a project still in development. It gives no rights to profits, dividends, ownership or repayment, nothing is guaranteed and it can lose all of its value. Only use money you can afford to lose entirely. This is not investment advice.

• Total loss. The price of ELY can fall to zero and may never recover. There is no deposit guarantee or compensation scheme.
• Volatility and liquidity. The price can move extremely fast. There may be few buyers or none at all; you may be unable to sell.
• Launch fee. In the first 60 seconds of trading the fee is extremely high (99% in the opening block → 30% at 36 s → 3% at 60 s): buying or selling in that window can cost almost the whole amount. After that every buy and sell in the official pool pays 3%, forever.
• Smart contracts. The token, the launch hook, the claim and the locker contracts may contain errors or vulnerabilities, even after an audit.
• Wallets and scams. If you lose your keys or seed phrase, or sign a malicious transaction, your tokens are gone. Fake sites and fake tokens will copy Elyra.
• Project risk. The project depends on a very small team and on limited funds. It may change direction, slow down or stop.
• Regulation and tax. Laws may change and limit access or use. You are responsible for your own taxes.
• No listings promised. There is no guarantee that ELY will ever be listed on any exchange.

2 · The protocol is not guaranteed

The Elyra Protocol is in development. Its contracts go live on Ethereum mainnet only after independent security audits, and only if they are found safe. There is no date for it, and no guarantee that funds will be sufficient for audits and developers. When it does go live it starts with low deposit caps that are raised step by step. It may be delayed, changed or never happen. In every case ELY remains an ERC-20 token on Ethereum and may lose all of its value.

• Elyra is a protocol of smart contracts on Ethereum. ELY is an ERC-20 token on Ethereum.
• There is no date for Protocol v1 on Ethereum mainnet, and none will be announced until the contracts have been independently audited and found safe.
• There is no guarantee that the project will ever have the funds for in-depth independent security audits and for the developers needed to take it to production.
• The team will not put unaudited or unsafe contracts into production. When they go live they start with low deposit caps. If the safety bar is never reached, Protocol v1 will not launch — and that will be the correct decision.
• Nobody can guarantee that agents, developers or businesses will use the protocol. Everything on this site about modules, the SDK, the Explorer, integrations and the roadmap describes goals, not products that exist or are promised.
• The emergency pause of the contracts can stop new deposits and new jobs only; it is designed never to move or freeze users' funds. Smart contracts can still fail: an audit reduces risk, it does not remove it.

3 · How ELY is offered

• There is no presale, no private sale and no VC allocation. Nobody can buy ELY before the launch — the team included.
• At launch, 30% of the supply is placed in a Uniswap v4 pool on Ethereum with ELY only. The team adds no ETH: the ETH paid by buyers becomes the pool's liquidity.
• Trading opens at a fixed price of about $0.00002 per ELY (a fully diluted value of about $20,000). The opening price only sets where trading starts; it is not a valuation and not a promise.
• A public hook contract charges a fee on buys and sells in the official pool, always in ETH: 99% in the opening block → 30% at 36 s → 3% at 60 s, then 3% forever. Nobody can change it after deployment. The fees go to the project treasury, belong to the project and are used at its discretion; they are its only funding and their amount is unknown. ELY itself has no transfer tax: transfers and other venues are not affected.
• First 60 minutes: at most 0.16% of supply per buy and 0.32% per wallet (sells are never limited), then no limits. The limits are written in the hook contract and switch off by themselves.
• The launch liquidity is locked forever by the launch contract itself: nobody, the project included, can ever remove it. Only the project can create the official pool, and during the first minute nobody else can add liquidity to it.
• Team allocation (10%): locked in the same public claim contract used for the community: 1% of the supply at launch, then 1% of the supply per month over 9 months. Nobody can speed it up.
• Community and creator rewards (4% + 4%): unlocked in 10 equal monthly steps — 10% at launch, then 10% every 30 days for 9 months — by a public claim contract that nobody, the team included, can speed up.
• The launch date is not set. It will be announced on this site only after the contracts have been audited. The official contract and pool addresses are published only on this site and on @ElyraProtocol.

This website and every communication about ELY are marketing communications; the company that will issue ELY (details published here before launch) is solely responsible for their content. ELY is not an e-money token or an asset-referenced token, is not a financial instrument, and is not covered by any investor-compensation or deposit-guarantee scheme.

4 · Terms of use

• You may use this site and take part in Genesis only if you are at least 18 and not in any of these groups: United States persons and residents; Persons in countries subject to EU, UN or OFAC sanctions; Anyone in a jurisdiction where buying or holding crypto-assets is prohibited; Anyone under 18.
• You are responsible for complying with the laws of your country. Nothing on this site is an offer or solicitation where it would be unlawful.
• Nothing on this site, in the documents, in the films or on our channels is investment, financial, legal or tax advice. Do your own research and, if in doubt, speak to an independent professional.
• The site is provided “as is”. We do our best to keep it accurate but we do not guarantee that it is complete, current or free of errors, and it may change at any time.
• Interacting with smart contracts is done at your own risk, from a wallet you control. We never hold your funds or keys.
• To the fullest extent permitted by law, we are not liable for indirect losses, lost profits or losses caused by market movements, smart-contract failures, third-party services or your own wallet. Nothing here limits liability that cannot be limited by law, including for fraud or gross negligence.
• These terms are governed by Italian law. Mandatory consumer protections of your country of residence still apply.

5 · Genesis and Voices rewards

• Genesis credits and Voices points have no monetary value, cannot be sold or transferred and are not a claim against anyone.
• At launch they determine your share of two fixed pools (4% + 4% of the supply), unlocked in 10 monthly steps (10% at launch, then 10% a month). No amount, value or date is promised.
• To keep the programs fair, Genesis uses anti-bot checks: an optional “I'm human” check at sign-up (Cloudflare Turnstile), a salted hash of the network you sign up from (never the IP itself), and, where configured, whether your wallet has ever been used on Ethereum. Invites from the same network or from many profiles on one network don't count.
• Bots, multiple accounts, purchased followers and copied content are excluded together with their rewards. The program can be changed or ended; the rules in force are the ones published on the Genesis pages.
• Creators in Elyra Voices must mark every rewarded post as an advertisement (e.g. #ad) and must never promise profits, prices or returns.

6 · Privacy policy

Controller: the company that will issue ELY (details published here before launch) — contact info@elyraprotocol.com.

• What we collect, only if you join Genesis or Voices: your Ethereum wallet address, the X handle and post links you submit, your Telegram ID and username if you connect the bot, the name you choose, quiz and quest progress, invite codes, a salted one-way hash of the network (IP) you registered from — the IP itself is never stored — and for creators the follower count, language and sample you declare. Wallet addresses and posts are public by nature.
• Why: to run the programs, prevent fraud and multiple accounts, calculate and distribute rewards (legal basis: performance of the program you joined, and our legitimate interest in preventing abuse).
• Where: our database provider (Supabase), hosting (Vercel) and, if enabled, Cloudflare Turnstile for the human check, which may process data outside the EU under the European Commission's standard contractual clauses. We do not sell data and do not use advertising trackers.
• Cookies: one technical session cookie to keep you signed in to Genesis. No profiling or advertising cookies.
• How long: for the duration of the program and up to 24 months after the last distribution, then deleted, unless the law requires otherwise.
• Your rights: access, correction, deletion, restriction, objection and portability — write to info@elyraprotocol.com. You can also complain to the Italian data-protection authority (Garante per la protezione dei dati personali).

7 · Who we are

Elyra is being set up as an Italian company. Its full name, registered office, VAT and register numbers will be published here before any launch date is announced. Contact: info@elyraprotocol.com · security reports: security@elyraprotocol.com.

If anything on this site seems to contradict this page, this page prevails.