Terms of Service
Last updated: 1/9/2026
1. Introduction and Legal Framework
These Terms of Service constitute a comprehensive legal agreement between you as a user, project creator, or platform participant ("User," "Creator," or "Participant") and COMP LABS (BVI), a company incorporated under the laws of the British Virgin Islands ("COMP," "we," "us," or "our"). By accessing, browsing, or utilizing the COMP platform located at comp.sh and its associated services ("Platform"), you acknowledge that you have thoroughly reviewed, understood, and agree to be legally bound by these Terms and all incorporated policies and procedures.
COMP LABS operates under the regulatory framework established by the British Virgin Islands Virtual Assets Service Providers Act of 2022 (VASP Act) and maintains registration with the BVI Financial Services Commission as required for entities providing virtual asset services. This regulatory compliance ensures that platform operations meet international standards for virtual asset service providers, including anti-money laundering protocols, know your customer requirements, and investor protection measures established under the Financial Action Task Force recommendations.
The legal authority for these Terms derives from the comprehensive regulatory framework governing virtual asset operations in the British Virgin Islands, including the Companies Act 2004, the VASP Act 2022, Anti-Money Laundering Regulations, and applicable provisions of international securities law. This framework provides legal certainty regarding platform operations while ensuring compliance with evolving regulatory requirements across multiple jurisdictions where platform users may be located.
2. Platform Services and Regulatory Compliance
COMP operates a sophisticated token launch platform on the Solana blockchain that provides comprehensive services including project vetting and verification, token launch facilitation with integrated DAO governance structures, token vault services with equity conversion capabilities, automated fee distribution mechanisms for vault participants, and ongoing compliance and regulatory guidance for project creators and investors. All services are delivered in accordance with the platform's compliance framework and operational protocols established under these Terms and applicable laws.
The platform differentiates between verified and unverified token launches. Verified launches undergo rigorous due diligence, including project team verification, smart contract auditing, liquidity strategy review, regulatory compliance assessment, and financial disclosures. The platform reserves the right to reject any project that fails to satisfy due diligence requirements or presents regulatory concerns.
COMP provides platform users with access to real-time market data, risk monitoring tools, compliance dashboards, token vault allocations, revenue distribution tracking, and DAO governance participation interfaces, as well as direct integrations with Solana-based protocols and external regulatory monitoring systems. All platform activities are subject to continuous monitoring for compliance with anti-money laundering standards and regulatory reporting requirements.
3. User Eligibility and Regulatory Status
The Platform is designed for sophisticated users including token project creators, decentralized organization founders, blockchain investors, and institutional participants operating within regulated frameworks. Users accessing or utilizing platform services acknowledge their responsibility to comply with applicable laws in their jurisdiction, including securities regulations, digital asset compliance standards, anti-money laundering requirements, and tax reporting obligations.
COMP may, at its sole discretion, require identity verification, beneficial ownership disclosure, source of funds validation, proof of compliance with legal requirements, or any other due diligence information deemed necessary prior to authorizing platform use. The platform retains the right to deny or revoke access to any user who fails to meet eligibility requirements or presents regulatory risk.
Users acknowledge that participation in crypto asset markets carries inherent financial, regulatory, technical, and operational risks. By utilizing platform services, users accept these risks and affirm that they possess the expertise, resources, and compliance capacity to engage with advanced token launch, governance, and vault management systems.
4. Creator Obligations and Launch Requirements
Project creators utilizing the COMP platform must submit comprehensive documentation including but not limited to project whitepapers, tokenomics structures, liquidity plans, DAO governance frameworks, compliance attestations, and risk disclosures. The platform maintains the right to request additional documentation, legal opinions, or independent audits when deemed necessary.
Verified token launches require completion of a mandatory onboarding process that includes: identity verification of project principals, smart contract audits conducted by approved auditors, liquidity provisioning commitments, establishment of automatic fee distribution schedules, DAO governance configuration, and integration of token vault mechanisms.
Creators agree to comply with platform guidelines related to marketing disclosures, investor communications, liquidity management, price discovery, and governance transparency. Failure to adhere to creator obligations may result in launch suspension, token delisting, vault access restrictions, or legal enforcement actions consistent with applicable laws.
5. Token Vault Structure and Fee Distribution
The COMP Token Vault functions as a decentralized equity conversion mechanism enabling qualified participants to stake assets in exchange for proportional equity allocations in verified projects. Vault operations are governed by smart contracts that manage staking, vesting, distribution, and governance voting power in accordance with platform protocols and DAO resolutions.
Fee distribution from vault-supported projects follows a standardized structure that allocates portions of revenue to the project treasury, vault participants, DAO reserves, and platform operations. Fee schedules, distribution timing, and vesting conditions are published transparently on the project dashboard and are subject to DAO governance oversight.
Vault participants acknowledge that staking tokens in the COMP Token Vault may be subject to lock-up periods, vesting schedules, dilution events, market volatility risk, and regulatory review. The platform implements automated risk monitoring systems to detect market manipulation, unauthorized withdrawals, or governance attacks. Vault operations may be temporarily suspended if risk thresholds are exceeded or regulatory mandates require intervention.
6. DAO Governance and Platform Oversight
The COMP DAO operates as the decentralized governance authority overseeing platform evolution, fee allocations, project graduations, and community policy. Governance participants include token holders, vault stakeholders, project teams, and compliance advisors who collectively influence platform decisions through proposal submissions and on-chain voting.
Governance authority encompasses the ability to approve or reject project launches, adjust fee structures, modify token vault parameters, allocate treasury funds, initiate security reviews, and enact emergency protocols. DAO proposals follow documented submission requirements including impact assessments, risk analysis, compliance review, and economic modeling.
COMP LABS maintains administrative oversight to ensure DAO governance aligns with regulatory obligations, platform integrity, and user protection standards. In situations where DAO decisions conflict with legal mandates or platform safety, COMP reserves the right to exercise administrative veto power or implement temporary overrides until compliance reviews are completed.
7. Fee Structure and Financial Disclosures
Platform fees are assessed on verified launches, vault participation, DAO services, and premium compliance support. Detailed fee schedules including launch fees, performance fees, vault staking fees, liquidity facilitation charges, and compliance service fees are published transparently on the platform and may be updated upon DAO approval or regulatory directive.
All fee distributions are executed through auditable smart contracts and are recorded on-chain to provide verifiable financial transparency. Platform users receive detailed payment records, vault payout ledgers, and tax reporting support to facilitate compliance with local financial regulations.
COMP reserves the right to adjust the fee framework in response to market conditions, regulatory requirements, or DAO resolutions. Users will receive advanced written notice of material fee changes, and any adjustments will be reflected in the platform's fee schedule documentation.
8. Risk Disclosures and Regulatory Notice
Participation in token launches, DAO governance, token vault staking, and associated platform activities involves substantial risk. Users acknowledge the potential for market volatility, smart contract vulnerabilities, regulatory enforcement actions, project failure, liquidity crises, governance attacks, and technological disruptions that may result in partial or total loss of staked assets or investment capital.
COMP does not provide investment advice, legal counsel, or securities underwriting services. Platform materials are for informational purposes only and do not constitute solicitation or recommendation of financial products. Users are advised to consult legal, financial, and tax professionals before participating in platform activities.
By utilizing the COMP platform, you acknowledge that you have read, understood, and agreed to these Terms of Service and that you accept full responsibility for compliance with applicable laws in your jurisdiction. These Terms may be updated periodically to reflect regulatory changes, governance resolutions, or platform enhancements. Continued use of the Platform following publication of updates constitutes acceptance of the revised Terms.