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Token Disclaimer

Effective 1 March 2026

This disclaimer provides important information about S-Tokens and the Spondula network. Please read it carefully before using the platform.

1. What Are S-Tokens?

S-Tokens are digital tokens issued on the Spondula blockchain. Each S-Token variant (e.g. S-GBP, S-USD, S-EUR) is designed to track the value of its reference fiat currency. S-Tokens are used within the Spondula ecosystem for peer-to-peer payments, merchant transactions, and foreign exchange.

2. S-Tokens Are Not Legal Tender

S-Tokens are not legal tender, government-backed currency, bank deposits, or securities. They are not issued or guaranteed by any central bank or financial authority. No government or regulatory body has endorsed S-Tokens.

3. S-Tokens Are Not Securities

S-Tokens do not represent equity, debt, or any ownership interest in Spondula Ltd or any other entity. Holding S-Tokens does not entitle you to dividends, voting rights, or any share of profits. S-Tokens are utility tokens designed solely for use as a medium of exchange within the Spondula ecosystem.

4. No Guarantee of Value

While S-Tokens are designed to maintain a stable value relative to their reference currency, Spondula does not guarantee that this peg will be maintained at all times. The value of S-Tokens depends on:

  • The operational integrity of the Spondula network.
  • The availability of liquidity providers and on/off-ramp partners.
  • Market conditions and regulatory developments.

You may not be able to redeem S-Tokens for fiat currency at par value at all times.

5. Technology Risks

Blockchain technology carries inherent risks, including but not limited to:

  • Software bugs: despite thorough testing, smart contracts and blockchain software may contain errors.
  • Network disruptions: the Spondula network may experience downtime, forks, or performance degradation.
  • Key loss: as a non-custodial wallet, loss of your recovery phrase means permanent loss of access to your tokens.
  • Regulatory changes: changes in law or regulation may affect the legality or operation of the platform in your jurisdiction.

6. Not Financial Advice

Nothing on the Spondula platform or in our communications constitutes financial, investment, legal, or tax advice. You should consult appropriate professional advisors before making financial decisions. Spondula is a technology platform, not a financial advisor.

7. Jurisdictional Restrictions

The availability of S-Tokens and Spondula services may be restricted in certain jurisdictions. It is your responsibility to ensure that your use of the platform complies with the laws of your jurisdiction. Spondula does not solicit users in jurisdictions where its services are prohibited.

8. No Deposit Insurance

S-Tokens held in your Spondula wallet are not covered by any deposit insurance scheme (such as the UK FSCS or US FDIC). In the event of a platform failure, you may lose some or all of the value of your tokens.

9. Limitation of Liability

To the maximum extent permitted by law, Spondula Ltd shall not be liable for any loss of tokens, loss of value, or any other damages arising from the use of S-Tokens or the Spondula platform. See our Terms of Service for full liability provisions.

10. Contact

Questions about S-Tokens? Contact legal@spondula.com.