Terms of Service

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 ("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 as a platform for cryptocurrency project launches and token management services.

The legal authority for these Terms derives from applicable provisions of international securities law. This provides legal certainty regarding platform operations while ensuring adherence to evolving requirements across multiple jurisdictions where platform users may be located.

COMP operates a token launch platform on the Solana blockchain that provides 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 guidance for project creators and investors.

The platform provides several critical protections including access to established dispute resolution mechanisms, legal recourse under commercial law, and coordination with authorities in users' home jurisdictions.

The legal structure supporting platform operations addresses the complex landscape facing cryptocurrency businesses by implementing verification procedures, establishing transaction monitoring protocols, and coordinating with law enforcement and authorities as required by applicable law.

Platform access is restricted to individuals and entities that meet eligibility criteria designed to ensure platform security. Users must possess legal capacity to enter into binding agreements under the laws of their jurisdiction, maintain residence in jurisdictions where virtual asset activities are legally permitted, complete verification procedures, and demonstrate legitimate sources of funds for all platform activities.

The verification procedures include verification of government-issued identification documents, proof of address through official documentation, source of funds verification and documentation, and additional documentation as required in specific jurisdictions.

Platform access is specifically prohibited for individuals under the legal age of majority in their jurisdiction, persons subject to economic sanctions or appearing on restricted party lists, residents of jurisdictions where virtual asset activities are prohibited by law, entities engaged in activities classified as illegal under applicable law, and persons unable to demonstrate legitimate sources of funds for platform activities.

Project creators seeking to launch tokens through the COMP platform must meet comprehensive standards that exceed typical cryptocurrency project requirements and reflect institutional-grade due diligence protocols. The application process requires submission of detailed technical documentation including professional-grade whitepapers demonstrating clear problem identification and solution architecture, comprehensive business models with market validation and competitive analysis, detailed tokenomics structures with transparent distribution mechanisms, development roadmaps with measurable milestones and accountability frameworks, and complete team background documentation with professional references.

Verification applies to all team members and includes government-issued photo identification for all core team members, professional background verification with employment history and reference checks, educational credential verification where relevant to project technical requirements, source of funds documentation for development capital and project funding, and video interviews with COMP review committee members to assess project viability and team capability.

Technical requirements reflect emerging best practices in cryptocurrency project development, including completion of smart contract security audits by recognized security firms, code review and formal verification of critical contract functions, testnet deployment with comprehensive functionality demonstration, architecture assessment for scalability and security, and integration testing with Solana ecosystem components and COMP platform infrastructure.

The COMP token vault represents a revolutionary innovation in cryptocurrency finance that creates legal equity ownership in a traditional corporate structure while maintaining the operational benefits of blockchain-based asset management. The vault mechanism operates through secure smart contract-based token custody systems that maintain user ownership while enabling proportional equity conversion, automated legal documentation generation and execution, binding equity contract distribution with digital signature verification, and ongoing fee revenue distribution based on vault participation levels.

The legal foundation for token vault operations and equity conversion draws on established precedents in asset tokenization and digital securities, including recent developments in tokenized securities frameworks and the growing body of guidance supporting digital asset ownership rights. The conversion mechanism is supported by frameworks for equity issuance and shareholder rights protection, and international securities law precedents that support equity tokenization and digital ownership structures.

Vault participants receive legal protections including legally binding equity stakes in COMP LABS with full shareholder protection, quarterly dividend distribution rights based on platform profitability and performance, voting rights on material corporate decisions and platform governance matters, proportional revenue sharing from platform fee generation with transparent calculation and distribution mechanisms, and transfer rights for equity interests subject to platform approval procedures.

Each token launch through COMP includes establishment of a dedicated DAO governance structure that implements sophisticated decision-making mechanisms. The governance system draws on emerging legislation from jurisdictions that have explicitly recognized DAOs as legal entities, including Wyoming's DAO LLC Act, Tennessee's DAO legislation, and international frameworks such as the Model Law for DAOs developed by leading legal experts.

The legal structure addresses critical challenges identified in recent court cases, particularly the precedent established in Samuels v. Lido DAO, which confirmed that unstructured DAOs operating without proper legal frameworks can be classified as unincorporated partnerships, thereby exposing all members to unlimited personal liability for DAO obligations and activities. COMP's governance framework implements legal protections that ensure DAO participants enjoy limited liability protection while maintaining the operational benefits and democratic principles of decentralized governance.

DAO governance operates through proportional voting mechanisms where token holdings translate directly to decision-making influence, reflecting established corporate governance principles while leveraging blockchain technology for transparency and immutability. The voting system includes minimum quorum requirements for proposal validity, time-locked voting periods to prevent manipulation and ensure informed participation, transparent proposal submission and discussion processes with community input mechanisms, and automated execution of approved decisions through smart contract implementation.

COMP operates a comprehensive fee structure that creates sustainable revenue generation while ensuring transparent distribution to stakeholders through legally enforceable mechanisms. Platform fees include launch fees representing two percent of total tokens raised during initial offerings, trading fees of 0.5 percent on secondary market transactions facilitated through platform infrastructure, vault management fees of 0.25 percent annually on locked token values, and governance services fees following tiered pricing based on DAO complexity and support requirements.

Revenue distribution follows a legally structured allocation framework that balances operational requirements with stakeholder returns through platform operations allocation of sixty percent for development, maintenance, security, and regulatory compliance activities, vault holder distribution of twenty-five percent allocated proportionally based on locked token values and participation levels, COMP treasury allocation of ten percent for strategic reserves and ecosystem development initiatives, and team incentive allocation of five percent for performance-based compensation and platform development activities.

The legal authority for fee collection and distribution is established through comprehensive service provider agreements that create binding contractual obligations under BVI commercial law, corporate governance frameworks that ensure proper authorization and oversight of revenue distribution decisions, regulatory compliance protocols that meet international standards for fee disclosure and transparency, and shareholder protection mechanisms that provide legal recourse and oversight for equity holders.

Platform participation involves various categories of risk that users must understand and acknowledge before engaging in any platform activities. Technology risks include smart contract vulnerabilities that may exist despite comprehensive auditing and security testing, blockchain network dependencies that may affect platform functionality including Solana network congestion or protocol changes, private key management risks where loss of access credentials results in permanent loss of tokens and equity rights, and evolving frameworks that may impact platform operations or token classifications.

Investment risks encompass market volatility that may significantly affect token values and investment returns, liquidity constraints in secondary markets that may limit trading opportunities, project failure possibilities despite comprehensive vetting procedures, and regulatory changes that may affect token classification, tax treatment, or cross-border holding requirements. Users acknowledge that cryptocurrency investments involve substantial risk and should only participate with funds they can afford to lose without affecting their financial stability.

Equity conversion risks specific to vault participation include valuation uncertainty regarding COMP LABS equity value correlation with platform performance, liquidity limitations for equity shares that may not have active secondary markets, regulatory complexity surrounding cross-border equity holdings and tax obligations, and corporate governance risks related to platform operational decisions that may affect equity value.

Legal and regulatory risks include evolving cryptocurrency regulations that may affect platform operations or user obligations, cross-border compliance requirements that may impose additional obligations on users, tax implications that vary by jurisdiction and may require professional advice, and enforcement uncertainty in emerging frameworks for virtual asset service providers.