Terms & Conditions

1. Acceptance of these terms

These Terms & Conditions (the “Terms”) govern your access to and use of this website and, where stated, your holding and use of the Mexas token. By using this website or acquiring, holding or transferring Mexas, you agree to these Terms. If you do not agree, do not use this website and do not acquire the token.

2. Who we are

This website and the Mexas token are operated by FULL REGISTERED COMPANY NAME, registered in JURISDICTION under registration number REGISTRATION NUMBER, with its registered office at REGISTERED ADDRESS (“Mexas”, “we”, “us”).

3. Eligibility

You may use this website and hold Mexas only if you are at least 18 years old and legally capable of entering into a binding contract. You may not use them if you are located in, or are a resident or national of, any jurisdiction where doing so would breach applicable law, or where we do not offer the token.

SPECIFY: restricted and prohibited jurisdictions.

4. Nature of the Mexas token

Mexas is a digital token designed to track the value of the Mexican Peso and backed by reserves held with regulated financial institutions. It is issued on several public networks:

• as an ERC-20 token, symbol MEX, 6 decimals, on Ethereum (chain ID 1), Arbitrum One (42161), Avalanche C-Chain (43114), Base (8453) and BNB Smart Chain (56). Each network has its own contract address, listed on this website and in the whitepaper; and
• on the Liquid Network as an issued asset with asset ID 26ac924263ba547b706251635550a8649545ee5c074fe5db8d7140557baaf32e, ticker MEX, precision 8.

These are independent ledgers with independent supplies. Holding Mexas on one network does not give you any claim on any other, and there is no bridge between them. You are responsible for using the correct address for the network you are transacting on.

You further acknowledge that each EVM deployment is an upgradeable proxy contract: the code governing the token can be changed by the holder of upgrade authority without the contract address changing. On Liquid, the holder of the reissuance token can issue further units of the asset.

You acknowledge and agree that Mexas:

• is not a bank deposit, and is not covered by any deposit protection or insurance scheme;
• is not legal tender, and no person is obliged to accept it in payment;
• is not a security, share, unit, bond or other investment product, confers no ownership interest in us, and carries no right to profits, dividends, interest or governance;
• is not guaranteed by any government or central bank.

CONFIRM: the legal characterisation above must match the regulatory position in the issuing jurisdiction. Counsel to verify.

5. Acquiring and redeeming Mexas

Mexas is distributed through authorised partners. Any purchase, sale or redemption you make through a distributor is governed by that distributor's own terms and its own identity-verification requirements, in addition to these Terms.

Mexas may also be held self-custodially, including in MexasWallet. Where you hold Mexas yourself, section 6 applies and no distributor is involved.

You cannot redeem Mexas directly with us. Mexas is issued and redeemed wholesale, with liquidity providers. If you hold Mexas and want pesos, you sell your tokens to a liquidity provider or distribution partner on that party's terms; that party settles with us. Our peso obligation runs to the liquidity providers and not to individual holders, and nothing in these Terms gives you a right to present tokens to us for payment. Sending Mexas to us, or burning it, does not create such a right and will not be compensated.

6. Your wallet and your keys

Mexas is a self-custodial token. We do not hold, control or have any ability to recover your wallet, your private keys or your seed phrase. You are solely responsible for their security.

Blockchain transactions are final and irreversible. We cannot cancel, reverse or refund a transfer you have made, including one made to a wrong address, on the wrong network, or as a result of fraud or error. Verify the recipient address and network before every transfer. This is separate from the issuer controls described in section 9, which act on an address going forward and cannot undo a transfer that has already settled.

We will never ask you for your seed phrase or private keys. Anyone who does is attempting to defraud you.

7. Risk disclosures

Holding Mexas carries risk, and you may lose value. You confirm you understand and accept the following, which is not an exhaustive list:

• Reserve and counterparty risk. The token's value depends on reserves held by third-party financial institutions. Failure, insolvency, freezing or mismanagement at a reserve institution could impair backing.
• Peg risk. Mexas may trade below its peso reference value, temporarily or permanently. A peg is a design objective, not a guarantee.
• Liquidity risk. There may be no market, or an insufficient market, in which to exchange Mexas at a given moment or at a given price.
• Smart-contract risk. The contract may contain defects or be subject to exploits, which could result in loss of tokens.
• Upgrade risk. The Arbitrum contract is upgradeable. Its behaviour — including transferability — may be changed by the holder of upgrade authority, potentially without prior notice.
• Reissuance risk. On Liquid, the holder of the reissuance token can create additional units of the asset.
• Network risk. Arbitrum One, Ethereum and the Liquid Network may experience congestion, outages, reorganisations, sequencer or functionary failure, or protocol changes affecting your ability to transact.
• Custody risk. Loss of your keys means permanent loss of your tokens. There is no recovery process.
• Regulatory risk. Laws applying to stablecoins are developing. Changes may restrict or prohibit the issuance, holding, transfer or redemption of Mexas, at short notice.
• Fraud risk. Third parties impersonate token issuers and publish counterfeit contract addresses. Always obtain the contract address from this website.

Nothing on this website is financial, investment, tax or legal advice. Seek independent professional advice before acquiring Mexas.

8. Prohibited uses

You must not use Mexas or this website to commit or facilitate money laundering, terrorist financing, fraud, tax evasion, sanctions evasion or any other unlawful activity; to breach any applicable law; to interfere with, probe or attack this website or its infrastructure; to misrepresent your identity or your affiliation with us; or to scrape, copy or republish this website's content other than as permitted below.

9. Compliance and sanctions

You represent that you are not subject to economic or trade sanctions administered by any competent authority, and are not acting on behalf of any person who is. We and our distributors may be required to screen, report, restrict or decline transactions to comply with anti-money-laundering, counter-terrorist-financing and sanctions obligations.

The token contracts on the EVM networks contain controls that can be exercised against your tokens, and you should read this paragraph before acquiring them. Acting through a multisig wallet, which requires signatures from several holders, we can: block an address, after which it cannot transfer, approve or permit and its balance is frozen; destroy the entire balance of a blocked address, permanently and without on-chain compensation; and pause all transfers, mints and burns for every holder at once. The same multisig can replace the contract implementation with different code at the same token address. We may exercise these powers where we are required to by law, court order or a competent authority, or where we reasonably believe tokens are connected to unlawful activity or to a breach of section 8. To date none of them has ever been used; every use would be a public on-chain event. The whitepaper sets out how to verify all of this against the chain yourself. The Liquid asset has no such controls.

10. Use of this website

We provide this website for general information. We aim to keep it accurate and current but do not warrant that it is. Content may be changed or withdrawn at any time without notice. Where a statement on this website conflicts with the whitepaper or with a distributor's contractual documentation, the contractual documentation prevails.

11. Intellectual property

The Mexas name, logo, branding, text, graphics and layout of this website are owned by us or licensed to us and are protected by intellectual property law. You may view and print pages for your own personal or internal business use. You may not otherwise reproduce, adapt or commercially exploit them without our written permission.

12. Third-party services and links

This website relies on third-party services, including Cloudflare Turnstile for spam protection and Google Fonts for typography, and may link to third-party websites such as blockchain explorers and distributors. We do not control those services or websites, do not endorse their content, and are not responsible for them. Their own terms and privacy policies apply.

13. Disclaimer of warranties

To the fullest extent permitted by law, this website and the Mexas token are provided “as is” and “as available”, without warranty of any kind, express or implied, including any implied warranty of merchantability, fitness for a particular purpose, non-infringement, accuracy, or uninterrupted or error-free operation.

14. Limitation of liability

To the fullest extent permitted by law, we are not liable for any indirect, incidental, special, consequential, punitive or exemplary loss, or for any loss of profits, revenue, data, goodwill or opportunity, arising out of or in connection with this website or the Mexas token, whether in contract, tort, statute or otherwise.

REQUIRED: aggregate liability cap and any carve-outs (death or personal injury caused by negligence, fraud, and any liability that cannot lawfully be excluded).

15. Indemnity

You agree to indemnify us and our officers, employees and agents against any claim, loss, liability or expense (including reasonable legal fees) arising from your breach of these Terms, your misuse of this website or the token, or your breach of any applicable law.

16. Changes to these terms

We may amend these Terms from time to time. The revised version takes effect when published on this page, and the “last updated” date above will change. Your continued use of this website or the token after publication constitutes acceptance. Check this page periodically.

17. Governing law and disputes

These Terms and any dispute arising out of them are governed by the laws of GOVERNING LAW, and the courts of COURTS / ARBITRAL FORUM have exclusive jurisdiction, without prejudice to any mandatory consumer protections available to you where you live.

18. Contact

Questions about these Terms: contact@mexas.io, or write to us at REGISTERED ADDRESS.