CHUM BUCKET LICENSE
DECENTRALIZED GAMING ECOSYSTEM TERMS
WEB3 GAMING LICENSE AGREEMENT
1. BLOCKCHAIN ECOSYSTEM RIGHTS
By participating in The Chum Bucket ecosystem, you are granted a non-exclusive, revocable license to interact with our decentralized gaming platform. This includes the right to mint, trade, and collect Lil Chummies NFTs, participate in smart contract-based challenges, and engage with our community-driven governance protocols.
2. NFT OWNERSHIP & DIGITAL ASSETS
All Lil Chummies and digital collectibles are minted as ERC-721 tokens on the blockchain. Ownership is verified through your connected wallet address. You maintain full custody of your digital assets, with the ability to transfer, trade, or sell them on compatible marketplaces. The Chum Bucket retains intellectual property rights to the artwork and branding.
3. SMART CONTRACT INTERACTIONS
Challenge participation involves interacting with audited smart contracts deployed on Ethereum mainnet. Gas fees and transaction costs are your responsibility. All bets and wagers are executed through transparent, immutable smart contracts with predetermined rules and automatic payouts based on verifiable outcomes.
4. DECENTRALIZED GOVERNANCE
CHUM token holders participate in decentralized autonomous organization (DAO) governance. Voting rights are proportional to token holdings. Community proposals for new features, challenge types, and ecosystem improvements are submitted and voted on through our governance portal. All decisions are executed through multi-signature wallet protocols.
5. YIELD FARMING & STAKING
Participants may stake CHUM tokens or provide liquidity to earn rewards. Staking contracts have lock-up periods and slashing conditions clearly defined in the protocol. Yield farming opportunities are subject to market conditions and smart contract risks. Always review contract addresses and audit reports before participating.
6. CROSS-CHAIN COMPATIBILITY
The Chum Bucket ecosystem supports multi-chain deployment across Ethereum, Polygon, and Arbitrum networks. Bridge contracts enable asset transfers between chains. Users are responsible for understanding bridge mechanics, fees, and potential risks associated with cross-chain transactions.
7. REGULATORY COMPLIANCE
This platform operates in compliance with applicable blockchain regulations. Users must comply with their local jurisdiction's laws regarding cryptocurrency, NFTs, and decentralized finance activities. KYC/AML procedures may be required for certain high-value transactions or jurisdictions.
IMPORTANT DISCLAIMER
Cryptocurrency and NFT investments carry inherent risks. Smart contracts, while audited, may contain vulnerabilities. The Chum Bucket team is not liable for losses due to market volatility, smart contract bugs, or user error. Always DYOR (Do Your Own Research) and never invest more than you can afford to lose.
Last updated: 10/2/2025
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