Terms & Conditions
Nature of the Protocol
Klima Protocol is an open-source, autonomous software system designed to support coordination and execution in carbon markets.
The protocol operates through publicly deployed smart contracts. Once deployed, its behaviour is governed by deterministic rules and participant interactions. No individual, foundation, committee, or organisation exercises discretionary control over protocol behaviour, pricing, or outcomes.
Users interact directly with decentralised software, not with an asset manager, broker, custodian, or investment service provider.
No Investment Products or Asset Management
The Klima Protocol does not offer investment products, profit-sharing arrangements, or ownership interests in assets held by the system.
Protocol-native tokens are functional coordination inputs. They are used to:
- access carbon retirement functionality,
- signal preferences within predefined protocol rules, and
- enable participation in protocol-defined coordination mechanisms.
Tokens do not represent:
- equity or ownership in the protocol or its assets,
- claims on protocol-held carbon,
- entitlement to surplus, revenue, or profits, or
- any form of managed investment interest.
The protocol does not manage assets on behalf of users, provide portfolio management services, or act in a fiduciary capacity.
Carbon Credits and Retirement
Carbon credits handled by the protocol are accessed exclusively for the purpose of retirement.
Credits supplied to the protocol are not made available for resale, secondary trading, or speculative use. Once accessed through the protocol, carbon credits may only be retired in accordance with protocol-defined processes.
The protocol does not provide custody, brokerage, advisory, or market-making services for carbon credits.
Incentives and Protocol Issuance
Certain protocol activities may be eligible for protocol-defined incentives. Any such incentives:
- are governed by transparent, deterministic rules encoded in smart contracts,
- may change over time according to protocol conditions, and
- do not constitute interest, yield, or guaranteed returns.
Participation in coordination mechanisms does not create an expectation of profit. Outcomes depend on protocol rules, participant behaviour, and external market conditions.
Risks and Limitations
Interaction with decentralised software involves risk.
These risks may include, but are not limited to:
- smart contract vulnerabilities or failures,
- changes in protocol parameters over time,
- fluctuations in token market conditions,
- incomplete, delayed, or inaccurate data inputs,
- regulatory or policy changes affecting carbon markets or blockchain systems.
The protocol is experimental. Outcomes are not guaranteed.
Users should only interact with the protocol if they understand these risks and are prepared to bear them independently.
No Advice or Reliance
Information made available through the protocol, its interfaces, or associated documentation is provided for general informational purposes only.
Nothing provided by the protocol constitutes financial, legal, tax, environmental, or investment advice. Users should seek independent professional advice where appropriate.
Users are solely responsible for their decisions and actions.
Jurisdiction and Compliance
Users are responsible for determining whether interaction with the protocol is permitted under applicable laws and regulations in their jurisdiction.
The protocol may not be suitable or accessible in all jurisdictions. Certain interfaces or features may be restricted based on jurisdictional requirements.
Access to the protocol is restricted in certain jurisdictions; jurisdictional eligibility is enforced through our compliance provider zkMe at the point of access, in accordance with applicable sanctions, AML, and platform policies.
Acceptance of Terms
By interacting with the Klima Protocol, you acknowledge that you are interacting with decentralised software governed by autonomous rules, and that no entity is providing you with managed services, guarantees, or assurances.
Open-Source Transparency
The protocol is open-source. All core logic is publicly accessible and auditable. Users are encouraged to review the relevant smart contracts and documentation prior to interaction.
