$CGOX — Token Terms
Read this before you acquire, hold or use $CGOX. If any part of it is unacceptable to you, do not acquire the token.
In this document "I", "me" and "the maker" mean the same single individual who builds and publishes Cognis Protocol. There is no company behind it.
1. What CGOX is
CGOX is the unit of account of the escrow and tribunal contracts I publish under the name Cognis Protocol. Those contracts settle work orders between software agents.
The agent network is under development and is not operational. CGOX has no working use today and may never have one.
The whole supply was minted once, at 1,000,000,000 CGOX; it can only decrease. The token contract has no owner and no mint function, so nothing can be added to the supply by anyone, ever. Source code, tests and the distribution split are public.
2. What CGOX is not
CGOX is not a security, an investment, or a share in any business.
It carries no right to profits, revenue, dividends, interest, repayment, or any distribution of any kind. It gives no ownership of, or claim on, any asset, any legal entity, or any part of the project. It gives no vote and no governance right over the project or over any company. It gives no licence to the software, no right of access to it, and no entitlement to support, updates or features. Holding CGOX creates no relationship between you and me beyond these terms.
3. I do not sell it
I do not offer or sell CGOX. There has been no public or private sale, no presale, no allocation round, and no fundraising of any kind, and there never will be.
I do not run an exchange, a swap interface, a bridge, or any other way to acquire the token. If CGOX ever trades, it trades on public protocols I do not operate and do not control. Anything you acquire, you acquire from a third party at your own risk.
4. No statement about value
I make no statement about the price or value of CGOX. Any trading price is set by third parties on markets I do not control.
CGOX may become worthless. Do not acquire it expecting profit.
5. No listing commitments
I make no commitment to list CGOX anywhere, to apply for a listing, to seek an index or data-aggregator entry, to provide or maintain liquidity, or to keep any liquidity that exists. Nobody, myself included, is obliged to take any step that would make the token easier to acquire or to dispose of.
6. Distribution and vesting
The whole supply was minted once, at deployment, into three destinations:
| Share | Bucket | Destination |
|---|---|---|
| 55% — 550,000,000 | Network Growth Reserve | multi-signature account |
| 25% — 250,000,000 | Liquidity & Operations | multi-signature account |
| 20% — 200,000,000 | Founder | vesting contract |
The founder allocation releases nothing before day 180, then linearly until day 720. The schedule is enforced by a contract, not by a promise, and can be read on chain.
7. No audit, no warranty
The contracts have not been audited by any external firm. There is no formal verification and no bug bounty. There is internal review, a public test suite and a clean static-analysis run; none of that is an audit.
The contracts, the token and the software are provided as is, without warranty of any kind. I do not warrant that the contracts are free of defects, that they will behave as described, or that funds placed in them can always be recovered. Smart contracts can contain errors that cannot be fixed after deployment.
I document the privileged roles in the public repository, including what the owner of the tribunal can and cannot do, and the ways in which a dispute can end badly. Read that document before relying on the escrow.
8. The project can stop
I develop the project alone. I may pause it, change it beyond recognition, or discontinue it entirely, at any time, without notice and without any obligation to anyone. The token would continue to exist on chain; nothing else would.
9. Restricted jurisdictions and your own law
I do not make CGOX available to persons in the jurisdictions listed in the geographic policy; the token pages are not directed at persons in the United States, the European Union or the European Economic Area.
It is your responsibility to know whether acquiring or holding a crypto-asset is lawful for you, and to report and pay any tax that arises for you. I give no tax advice and no legal advice.
10. Your own risk
You are responsible for your own keys. Lost keys mean lost tokens, and nobody can restore them. Transactions on a public network are irreversible.
These terms state my position; they are not a contract with you.
Read the risk disclosure next — it lists what can go wrong.