Token Utility Terms

Operator and scope

The proposed Latyx token utility is operated by an individual resident in India, not through a separate legal entity. Platform access through Orynth does not remove the operator’s or a user’s legal, tax, reporting, or regulatory obligations.

Optional product credits

LATYX is proposed as an optional payment rail for product-specific credits covering additional investigations, grounded report chat, and scheduled risk monitoring. Free quotas are used first. You do not need to acquire a token to use available free Latyx features.

Credits are non-transferable service entitlements recorded in the Latyx ledger. They have no cash redemption, do not expire after grant, and do not create company, governance, profit-sharing, or distribution rights.

Transfers and confirmation

Token transfers are irreversible. Before signing, verify the exact product, quantity, token amount, Solana network, sender, published utility-vault destination, quote expiry, and estimated network fee. A transfer to the wrong mint, network, or address may be unrecoverable.

Acquiring LATYX on a market does not purchase credits. Credits are granted only after Latyx verifies a finalized, exact transfer made against a valid quote and payment intent.

Delivery and restoration

Each product states what counts as delivery. Latyx restores a reserved credit when the applicable rule says the service failed before producing a retained result. A restoration returns the product credit; it is not a token refund or cash payment.

Availability and changes

Solana, wallet, RPC, pricing-provider, data-provider, and Latyx outages can delay or prevent quotes, transfers, verification, or product delivery. Latyx may pause new quotes and payments for security, legal, liquidity, reconciliation, or operational risk while preserving valid owned credits and free usage.

Eligibility and restricted use

Final age, sanctions, and restricted-jurisdiction rules remain subject to professional review. Do not use the utility where doing so would be unlawful, and do not evade geographic, identity, quota, or security controls.

Taxes and records

Token acquisition, disposal, transfer, and service use may create tax obligations. Latyx does not calculate, withhold, or report every user’s obligations. Keep your own records and consult a qualified adviser. Public Solana transactions and required accounting or security records may remain available after account deletion.

Other terms and risk disclosure

The general Latyx Terms of Service also apply. If these draft utility terms conflict with later professionally approved terms, the approved version controls. Read the separate Token and Market Risk Disclosure before taking any token or market action.