Legal

Terms of Service

This is a starting draft only, written to be directionally correct with Vellichor's whitepaper (Section 8, Legal & Compliance). It is not a substitute for Terms of Service prepared by qualified legal counsel in each relevant jurisdiction, and should not be published or relied upon until reviewed by a lawyer.

1. Vault Units

A Vault Unit is a fractional beneficial interest in a specific, named physical bottle held in custody by Vellichor's designated legal entity. Vault Units are not equity, debt, or a share of Vellichor itself.

2. Using the Market and Portfolio

Use of the Market and Portfolio requires a connected wallet. Purchases are final except as otherwise stated.

3. Redemption

Redemption of a physical bottle requires 100% unit consolidation, identity verification (KYC), and compliance with destination-country alcohol import rules. Vellichor may decline or delay redemption where legally required.

4. No Investment Advice

Nothing on this site or in the app is a recommendation to buy or sell.

5. Eligibility

Users must meet the minimum legal drinking age in their jurisdiction and must not be located in a restricted jurisdiction — see the Compliance Notice.