TERMS OF USE

1. who we are

onlybags.wtf ("onlybags", "we") is a web interface run by the onlybags contributors, an independent group; there is no company behind it. It lets you interact with smart contracts on public blockchains (Elysium, Arc, Robinhood Chain) to launch and trade user-created tokens ("coins") on a bonding curve, and on Elysium to use bagswap. By using the site you agree to these terms. If you don't agree, don't use the site.

2. eligibility

• You must be at least 18 years old and legally able to enter into these terms.
• You must not be a resident of, located in, or incorporated in a restricted jurisdiction, and you must not be a sanctioned person or act for one.
• Restricted jurisdictions currently include: Cuba, Iran, North Korea, Syria, Russia, Crimea, Sevastopol, Donetsk region, Luhansk region. This list can change at any time.
• You must not use a VPN or other tools to get around these restrictions.

3. no investment advice

Nothing on onlybags is investment, financial, legal or tax advice, or an offer or solicitation to buy or sell anything. Coins are created by users. We don't create, review, endorse or vouch for any coin, creator or comment. Labels like "king of the curve", "trending" or the rug meter are automated heuristics, not recommendations.

4. risk of total loss

Memecoins are highly speculative. Most lose all of their value, often within minutes. Prices are set by a bonding curve and later by a Uniswap V4 pool (Arc, Robinhood Chain) or a pool on bagswap (Elysium, Robinhood Chain), and can move against you instantly. Only use money you can afford to lose entirely. Read the risk disclosure.

5. fees

• On the bonding curve every buy and sell pays a trade fee of 1.25%: 0.30% goes to the coin's creator and 0.95% to the protocol.
• Right after a coin launches, an additional anti-sniping fee may apply that decays to the normal fee within seconds; it goes to the protocol. The exact fee is shown before you confirm.
• After a coin graduates on Arc or Robinhood Chain, it trades in a Uniswap V4 pool with a 1% pool fee, of which 30% goes to the coin's creator and 70% to the protocol.
• On bagswap (Elysium, Robinhood Chain), a graduated coin's own pool charges a fee that depends on the coin's market cap (from 1.25% at graduation down to 0.35% for the largest coins, under the current schedule), split between the coin's creator, the protocol and the pool's liquidity providers; every other pool currently charges 0.25% (0.20% to its liquidity providers, 0.05% to the protocol). The current fee is shown before you confirm and is published in the docs. The owner can change the whole fee schedule, within on-chain limits (at most 1.25% per trade), after a 2-day timelock.
• Network (gas) fees are paid to the network the coin lives on (Elysium in HYPE, Arc in USDC, Robinhood Chain in ETH) and are not refundable, also when a transaction fails.
• Launching a coin has no onlybags fee (network fees apply). Fee parameters are set in the smart contracts and may change for new coins.

6. no custody, your wallet, your responsibility

onlybags never holds your funds or private keys. All transactions are signed by you in your own wallet and executed by smart contracts on Elysium and Arc and Robinhood Chain. Transactions are final and can't be reversed by us. Optional embedded (email / social) wallets are provided by a third-party wallet provider under its own terms. You are responsible for your wallet, keys and devices.

Paying with a coin from another chain is optional: the bridging is provided by a third party (Relay, relay.link) under its own terms, not by the onlybags contributors, and can be delayed, fail or be refunded; the buy is a separate transaction you confirm afterwards.

7. user-generated content

When you launch a coin or post a comment you are solely responsible for its name, ticker, image, description, links and text. You must not post content that:

• is illegal, including child sexual abuse material (reported to authorities), terrorist content or content that incites violence or hatred;
• impersonates a real person, company or brand, or infringes trademarks, copyright or other rights;
• is a scam, phishing, or misleading about who is behind a coin or what it is;
• harasses others, doxxes anyone, or is sexually explicit;
• promotes coordinated pump-and-dump schemes or market manipulation.

We may hide or remove any coin's name, image, description or comments from the interface, restrict addresses from commenting, and block access to the site, at any time and without notice. Hiding content in our interface doesn't change the smart contracts or anyone's on-chain tokens.

Shortly after a coin launches on mainnet (about ten minutes), its name, ticker, image, description and links are published to IPFS, a public storage network, and the coin's on-chain record points there; coins we hide first are not published. Content on IPFS is public and permanent: we can remove our own copy of illegal content, but hiding a coin on our site does not remove it from IPFS and copies others keep may persist. Details you enter for a coin that is never launched are not published there.

8. reporting content and contact

Use the "report" button on any coin or comment, or a message to onlybags on X or Telegram (also for copyright / DMCA notices and as our point of contact for authorities and users). We review reports and act on illegal content quickly.

9. prohibited use

No use of the site in breach of sanctions or law, no market manipulation, wash trading or exploitation of bugs, no attacks on the site or the indexer, no scraping that degrades the service, and no automated access that gets around rate limits.

10. the software is provided as is

The interface and the smart contracts are provided "as is" without warranties. The contracts were reviewed internally and have not been externally audited. The protocol owner can pause new launches and buys and change the protocol's fee wallets at once, and can change the migrator, the curve settings and fees for new coins, and the exchange's fee schedule, only after a 2-day timelock (details in the risk disclosure and the docs). Smart contracts can have bugs; the blockchain, RPC providers, wallets, the data indexer and WHYPE and USDC and WETH themselves can fail, be delayed or be restricted.

No liability. To the maximum extent permitted by applicable law, we (the onlybags contributors) have no liability at all to you or anyone else for any loss or damage arising from or related to onlybags, the interface or the smart contracts: not for direct, indirect, incidental, special or consequential loss, not for loss of funds, tokens, profits, revenue or data, and not for losses caused by smart-contract bugs or exploits, the blockchain or its validators, bridges, oracles, RPC providers, wallets, the data indexer or any other third party, or by your own mistakes (wrong address, wrong amount, lost keys, phishing).

Only where a court holds that liability cannot be fully excluded under applicable law, it is limited to the lowest amount that law permits and in any case to no more than the protocol fees you paid in the 12 months before the event giving rise to the claim. If any part of this section is held unenforceable, the rest of it stays in force.

11. disputes and local laws

You are responsible for complying with the laws that apply to you where you are, including tax laws; using onlybags where that is not allowed is your responsibility alone. Any dispute between you and onlybags is resolved on an individual basis only: you waive any right to bring or take part in a class action, collective or representative proceeding, and any right to a jury trial, to the extent the law allows. Before any formal claim, contact us through the "report" button on any coin or comment, or a message to onlybags on X or Telegram so we can try to resolve it informally.

12. changes

We may update these terms. The date at the top shows the latest version; we'll ask you to accept material changes again.