Effective date: 17 August 2026 · Version 1.2
These Terms of Use ("Terms") govern your access to and use of the Seedfor website at seedfor.io ("Website") during its pre-launch phase. The companion Privacy Notice governs the processing of personal data. By accessing the Website you accept these Terms; if you do not accept them, do not use the Website.
Scope and acceptance
These Terms form a binding agreement between you and the operators of the Seedfor project ("Seedfor", "we", "us", "our") regarding your use of the Website. They apply to every visitor of the public pages, every subscriber of the waitlist, every authorised user of the management portal, and every recipient of any data published on or downloadable from the Website. By using the Website you confirm that you have read, understood and accepted these Terms together with the Privacy Notice.
If you use the Website on behalf of an organisation, you represent that you are authorised to bind that organisation to these Terms. References to "you" then include that organisation.
Pre-launch, pre-incorporation operator
The Website is operated by an Italy-based natural person on a pre-launch and pre-incorporation basis. A legal entity will be established prior to the public launch of the platform; once incorporated, the registered name, address, VAT number and registry details will be published in this section and in the corresponding section of the Privacy Notice.
Until incorporation, Seedfor is not a regulated financial entity, payment institution, electronic-money institution, crypto-asset service provider, investment firm, collective-investment scheme or alternative-investment-fund manager (AIFM), credit-rating agency, benchmark administrator, or insurance undertaking in any jurisdiction. Any feature on the Website that resembles such a service is a research demonstration only.
Seedfor is an interface that helps parties coordinate — it is not a counterparty, does not execute trades and does not custody funds. It holds no admin keys and no kill-switch over user-deployed contracts.
Minimum age and capacity
You must be at least 18 years old and have full legal capacity to enter into a binding agreement to use the Website. If you are visiting from a jurisdiction whose law sets a higher age of majority, you must meet that higher threshold. The Website is not directed at, and we do not knowingly accept usage from, persons under 18 (or under 13 in the United States for COPPA purposes — see Privacy §14).
What you must not do
You agree not to:
We may block, throttle, or terminate access if we reasonably believe these limits have been breached; we may also report suspected criminal conduct to competent authorities.
Waitlist subscriptions and management-portal access
The Website is largely viewable without an account. Two features require identification:
We may suspend or revoke portal access for any breach of these Terms, for security reasons, or upon notice from the legitimate account holder.
Rights in the Website, the data, and the methodology
The Website and its underlying source code, design, copy, methodology documents, calibrated datasets, model parameters, charts, and accompanying audit logs are protected by Italian and EU copyright, database-right, and trade-secret law (including the EU Database Directive 96/9/EC as transposed in Italian law by D.Lgs. 169/1999 and modernised by the EU Open Data Directive 2019/1024). The Seedfor name, logo, and "SeCR" mark are unregistered trade marks of Seedfor. The Cyprus Banking SyCR1 / SyCR2 nomenclature, the ACRB construct, and the cluster framework are research outputs of the project.
What you may do. You may view, browse and print individual pages of the Website for your personal, non-commercial research and educational use. You may quote short extracts of methodology copy, of chart values, and of references with attribution to Seedfor and a link back to the Website. You may download published datasets from the Dataroom solely under the licence stated next to each dataset (some are CC-BY-4.0, some derive from third-party licences — see the references file alongside each dataset). The source code is published under the licence stated in the project repository; deviations from that licence require our prior written consent.
What you may not do. You may not reproduce, republish, distribute, sub-licence, scrape, fork-and-rebrand, train commercial machine-learning models on, or otherwise exploit the Website's content (in whole or in substantial part) for commercial purposes without our prior written consent. You may not strip attribution from quoted material, remove copyright notices, or present derived content in a way that suggests endorsement by Seedfor.
Dataroom uploads and Flag-a-bug discussions
The Website offers two channels through which you can submit material: dataset uploads attached to the Dataroom cards (currently delivered by email until an in-app intake pipeline is live), and Flag-a-bug discussion threads stored locally in your browser. See Privacy Notice §19 for the data-handling implications of each channel.
By submitting material to Seedfor through either channel — or, once it goes live, through any in-app intake pipeline — you represent and warrant that:
Licence you grant. By submitting material, you grant Seedfor a worldwide, non-exclusive, royalty-free, perpetual, irrevocable licence to use, reproduce, modify, and incorporate the material into the calibrated chart-data files, the methodology documents, the audit logs, the references registry, and the public dataset library. We do not republish raw uploads — only derived multiplier values aligned to the published methodology — and we identify the source publicly only in the chart's references file (so attribution is preserved). We may decline to use any submission, in our discretion, without obligation to explain why.
Right of removal. You may request removal of any submission at any time at management@seedfor.io; we will action the request within a reasonable period and note the removal in the relevant audit log without disclosing your identity. Where derived multiplier values have already entered the calibrated data files, removal of the underlying contribution will not necessarily reverse the calibration, but we will re-document the source change.
Moderation. Once the Flag-a-bug intake or any user-comment system goes live with a backend, we may remove or moderate content that violates law, third-party rights, or community standards, and we may publish a separate Contributor Notice with detailed moderation criteria. We act as a hosting provider in the sense of Articles 4 and 6 of Regulation (EU) 2022/2065 (Digital Services Act) for any user-submitted content; statutory liability exemptions apply.
What the published values are, and what they are not
The four charts on the Website (Credit Access, Risk Transfer, Risk Forecast, On-Chain MSME) and the underlying datasets in /data/ are published for transparency, educational and discussion purposes. To avoid any misunderstanding about their legal status:
No regulated activity is conducted through the Website
No part of the Website constitutes the offer, solicitation, recommendation, or arrangement of a financial product, security, fund interest, deposit, payment service, e-money instrument, crypto-asset issuance, or any other regulated activity in:
Forward-looking statements (forecasts, projected ranges, planned features, launch timelines) are inherently uncertain and should not be treated as predictions or commitments. If and when Seedfor begins to provide a regulated service in a jurisdiction, that service will be operated by an authorised entity under the relevant licence and these Terms will be updated accordingly.
What each on-chain action does, what happens after you confirm, and the terms you accept to finalise it
The interactive demos on the Website (the Credit Access and Risk Transfer simulators, the whiteboard, and the DealRoom) let you walk through on-chain transactions. Each such transaction requires you to tick the "I accept the Terms & Conditions" box shown beneath the relevant confirm button before it can be finalised. The general terms below apply to every on-chain transaction; the per-type terms apply in addition.
Pool-2 credit mechanics (informational). Where you borrow against SRT in Pool 2, you draw USDC up to a per-cluster LTV calibrated to that cluster's 99% tail loss (Basel ASRF / ES99; a 50%–85% band, 65% median) and repay a fixed cluster strike to recover your SRT. The posted SRT is marked at the €100 cover-wrapped notional it represents (the per-cluster LTV lends against that notional, Pool-1-reserve-backed) rather than a stress fire-sale price, so the pool is over-collateralised per cluster (OC = 1/LTV, ~118%–200%). In stress the demo may let you draw up to 100% of notional, with any draw-above-strike amount funded by a vault-managed buffer, not by other LPs. None of this is a yield promise, a guarantee of redemption value, or a representation that losses cannot occur: an LP's maximum loss remains the staked amount, and tail events beyond the modelled 99% shortfall can still impair principal. Figures shown are simulator model outputs, not vendor data or advice.
You contribute liquidity to a cluster-specific pool as a single-sided LP and receive a pool-LP token (an SbT variant) representing a percentage claim on the pool's token liquidity. That percentage is equal-weight and varies over time as other LPs contribute or exit — it is not a fixed return, a yield promise, or a guaranteed redemption.
What happens after you confirm: (1) you connect / use your token-bound wallet; (2) your stake is committed to the pool's smart contract and, where selected, your chosen custodian; (3) the LP token is minted to your wallet and appears in your SfT Token tab; (4) a downloadable receipt is generated. Your maximum loss is the staked amount; cover triggers net from the pool first; exit is by redemption at maturity or secondary transfer before then.
As founding LP you initiate a pool by staking the initial liquidity. On confirmation the pool's cluster and tenor are fixed at their initiation values, the pool goes live in the Seedfor Pools register, and you receive a founding LP token + receipt. Subsequent LPs join on the fixed parameters; only the LP count and per-LP share change. Initiation is not a public offer of pool interests.
What happens after you confirm: (1) wallet connect / use; (2) the initial stake is committed to the pool contract + chosen custodian; (3) the founding LP token is minted to your wallet; (4) a receipt is generated; (5) the pool is listed for others to discover and join.
You buy or sell a Sectorial Risk-Transfer (SRT) cover token with the pool at the live, SeCR-anchored price, or post / redeem collateral. SRT pricing moves with the cluster's SeCR; you may lose value, and option-style positions can expire worthless. Seedfor neither sets your price nor guarantees liquidity or execution. Where you post SRT as loan collateral, the draw cap (per-cluster LTV) and the cover-wrapped notional collateral mark are as described in the Pool-2 credit-mechanics note above.
What happens after you confirm: (1) wallet connect / use; (2) the trade executes against the pool contract at the quoted price; (3) tokens / collateral transfer to or from your wallet and the selected custodian; (4) a receipt with the trade references is generated.
Minting publishes the deal's data (the parties' SfT IDs, agreed terms, and planned transactions) on-chain and issues one SbT per party as a notifier / credential into each party's token-bound wallet. The SbT does not move funds, is not a security, and records only the information the signers consent to disclose. You confirm your own consent and your understanding that the other signing parties have agreed; each party mints from their own SfT.
What happens after you confirm: (1) wallet connect / use; (2) the deal data is published and the SbTs are minted to the parties' wallets; (3) collateral / buffer, where applicable, is locked into the selected custodian / multi-sig escrow, with release subject to the configured quorum; (4) a mint receipt (token count, addresses, from / to wallets) is generated, downloadable as a PDF and stored on the deal card. Parties execute and certify their own transactions thereafter.
Tokenisation mints SeedforBusinessTokens (SbT) representing a deal agreement, business credential, receivable, or other underlying you choose to tokenise. Every token minted by a user through a Seedfor process that is not SfT, SfC or SdT is an SbT under one shared contract (SfT, SfC and SdT are the only Seedfor-issued tokens). The SbT is a credential / access notifier (non-transferable by default), not a transferable security or an ownership instrument unless its specific terms say so.
What happens after you confirm: (1) wallet connect / use; (2) the SbT is minted to the named token-bound wallet(s); (3) a gated record / card is created, visible only to holders of the relevant token; (4) a receipt is generated. Third-party access to the tokenised data is governed by the SbT's own minting parameters and your consent.
Announced — not yet offered: “Beat AI”. The Who page announces a Beat AI SbT type, marked work-in-progress. As designed, an MSME stakes a reward in its token-bound wallet and loads a business case of one or more strategic decisions, each carrying an AI-selected option; participants back the AI’s option or submit an alternative at no charge; an adopted alternative that delivers positive results pays its author; on the outcome date set at minting the residual stake returns to the MSME when it loads the outcome, and an unreported outcome releases the full stake to the participants. None of this is executable on the platform today — no staking, participation or reward flow exists — and nothing on the Who page is an offer or an invitation to participate. Participation is free to enter by design (a skill-based contribution, not a wager); the final mechanics, their legal classification (including prize-promotion and gambling-law review per jurisdiction) and availability will be confirmed, and these Terms updated, before any launch. The AI-selected option falls under §10 when the feature ships.
Announced — not yet offered: Private Credit fund SaaS. The landing page announces that private-credit managers will be able to build and operate a fund on Seedfor’s software (“Seedfor SaaS” — the Two-Pool System Framework: pricing engine, fund UI, payoff explorer and calibration tools). The demo fund pages, including the Pool Settings “Seedfor subscription” flow and its indicative prices (parametrization updates, SeCR oracle feed), are demonstrations: no payment is taken, no service is provisioned, and nothing on those pages or in the landing-page callout is an offer, an invitation to subscribe, or a representation of future pricing or availability. Commercial terms, service levels, data-licence conditions and jurisdictional availability will be set, and these Terms updated, before any launch. Figures shown in the hero’s rate-decomposition chart — including the “potential SRT close” range — are model illustrations under §08, not offers, forecasts or advice.
Transparency under the EU AI Act and similar regimes
Several pre-launch features apply automated classification or text generation. None of these features makes a decision with legal or similarly significant effect on you, and you can override or ignore the output at any time. Specifically:
To the extent Regulation (EU) 2024/1689 (the "EU AI Act") applies, none of the features on the Website constitutes a "high-risk AI system" within the meaning of Annex III. We comply with the Art. 50 transparency obligation by signalling AI-assisted outputs in the methodology documents and in the help-tip texts attached to each chart. We do not generate deep-fake or synthetic-media content.
Embedded providers and outbound links
The Website embeds or links to third-party services listed in the Privacy Notice §06, including Vercel, Beehiiv, Resend, Upstash, hCaptcha, Google Workspace, Google Fonts, jsDelivr, unpkg, Wikipedia, OpenStreetMap and GitHub. Your interaction with those services is governed by their respective terms and privacy policies. Seedfor is not responsible for the practices or content of any third-party service.
EU, UN, UK and US sanctions screening
You represent and warrant that you are not a target of, and are not acting on behalf of any person who is a target of, restrictive measures imposed by the European Union (Council Regulation (EU) 269/2014 and subsequent regulations), the United Nations Security Council, the United Kingdom (HM Treasury Office of Financial Sanctions Implementation), the United States (US Treasury Office of Foreign Assets Control, US Department of Commerce Entity List, US State Department restrictions), Switzerland (SECO), or any other competent authority. You agree not to use the Website from any jurisdiction subject to comprehensive EU/UK/US sanctions (currently including Cuba, Iran, North Korea, Syria, and the Crimea / Donetsk / Luhansk / Zaporizhzhia / Kherson regions of Ukraine occupied by Russia).
"As-is" Website, no implied warranties
The Website is provided "as is" and "as available" without warranty of any kind, express or implied, including (to the maximum extent permitted by applicable law) the implied warranties of merchantability, fitness for a particular purpose, non-infringement, title, accuracy, completeness, and uninterrupted availability. We do not warrant that the Website will be error-free, secure, free from malicious code, or that defects will be corrected.
This section does not exclude or limit any warranty that cannot be excluded or limited under applicable law (including, for consumers in the European Union and Italy, the implied conformity guarantees provided by Directive (EU) 2019/771 as transposed in the Italian Codice del Consumo, D.Lgs. 206/2005).
Caps and exclusions
To the maximum extent permitted by applicable law, Seedfor (and its operators, contributors and processors) shall not be liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or for any loss of profits, revenue, business opportunity, goodwill, data, anticipated savings, or business interruption, arising out of or in connection with your use of the Website, even if we have been advised of the possibility of such damages.
In respect of direct damages, our aggregate liability arising out of or in connection with the Website during any twelve-month period shall not exceed the greater of (i) €100, or (ii) the amount you actually paid to us during that period (which, in the pre-launch phase, is €0).
This section does not exclude or limit our liability for: (a) death or personal injury caused by our negligence; (b) fraud or fraudulent misrepresentation; (c) intentional wrongdoing; (d) gross negligence under Italian law (colpa grave) where Italian law prohibits its exclusion; (e) breach of the EU GDPR / Italian privacy law that triggers statutory damages under Art. 82 GDPR; or (f) any other liability that cannot be excluded or limited by applicable law (including, for consumers, the rights granted by the Italian Codice del Consumo).
You hold us harmless for misuse
You agree to indemnify, defend and hold harmless Seedfor (and its operators, contributors and processors) from and against any third-party claim, demand, liability, loss, damage, cost or expense (including reasonable legal fees) arising out of or in connection with: (i) your breach of these Terms or any applicable law; (ii) your infringement of any third-party right (including intellectual-property and privacy rights) through your use of the Website or your submissions under §07; or (iii) your use of the Website outside its intended purpose. We will notify you of any such claim and cooperate in its defence to the extent reasonably required.
When access ends
These Terms enter into force the first time you access the Website and continue until terminated. We may suspend or terminate your access at any time, with or without notice, for breach of these Terms, for security reasons, for compliance with law, or because we discontinue the Website or any feature. You may stop using the Website at any time; you may unsubscribe from the waitlist by clicking the link in any of our emails or by writing to the address in §20.
Sections that by their nature should survive termination (intellectual property, user-submitted-content licence, risk disclosures, disclaimers, limitation of liability, indemnification, governing law) shall survive termination of these Terms.
We may modify the Website's features at any time and may amend these Terms to reflect changes in our service, our processors, or applicable law. The "Effective date" at the top of these Terms indicates the most recent revision. Material changes will be communicated to waitlist subscribers by email and, where required, with prior notice. Continued use of the Website after the effective date constitutes acceptance of the revised Terms to the extent permitted by law.
Italian law, Milan forum for business users
These Terms are governed by Italian law, excluding its rules on conflict of laws. The United Nations Convention on Contracts for the International Sale of Goods (CISG) does not apply.
For any dispute arising out of or in connection with these Terms or the Website, the courts of Milan, Italy shall have exclusive jurisdiction. This forum-selection clause does not deprive consumers (within the meaning of Italian and EU consumer-protection law) of the protection afforded by mandatory provisions of the law of their habitual residence — see §19.
Mandatory protections for consumers
If you are a consumer habitually resident in the European Union, nothing in these Terms is intended to deprive you of the rights granted by:
You also have access to the European Commission's online dispute-resolution platform at ec.europa.eu/consumers/odr. The Italian Camera di Conciliazione of competent jurisdiction is identified at consap.it.
How to reach us