1. Agreement to Terms
By accessing or using the SharedState platform ("the Service"), you agree to be bound by these Terms of Service. If you do not agree to these terms, please do not use the Service. These terms apply to all visitors, registered users, investors, and administrators of the platform.
2. Description of the Service
SharedState is a community property share-investment platform that enables users to view, reserve, purchase, hold, list for resale, and receive dividends in relation to fractional shares of real property projects. Each share represents a proportional ownership interest in the associated project as defined by the project's offering documents.
3. Eligibility and Accounts
- You must be at least 18 years of age, or the age of majority in your jurisdiction, to open an account.
- You agree to provide accurate, current, and complete registration information and to update it promptly.
- You are responsible for safeguarding your account credentials, including passwords, two-factor codes, and passkeys.
- You are responsible for all activities performed under your account.
4. Shares, Purchases, and Ownership
- Share reservations remain in Pending Payment status until an administrator confirms the corresponding payment in full or in part.
- Shares are only issued (status Completed) once a purchase is fully paid and an administrator has issued the corresponding share transfers.
- Every share is assigned a unique serial number and its ownership history is recorded in an append-only ledger. You may request a certificate export from your portfolio at any time.
- Lock-up periods defined per project prevent listing shares for resale on the secondary market until the lock-up date has passed.
- Share caps, when set per project and per user, are enforced at the time of reservation.
5. Secondary Market and Approvals
All sell requests and buy requests on the secondary market are subject to review and approval by our compliance team. The platform reserves the right to reject any listing or match request at its sole discretion, for compliance, anti-fraud, or any other lawful reason.
6. Payments and Allocations
- Payments are recorded by administrators against a pending purchase. A single payment may be allocated across multiple purchases and a single purchase may be satisfied with multiple payments.
- Until a purchase is marked as fully paid, shares reserved for it are not transferred into your name and remain available to other buyers at the administrators' discretion after any cancellation.
- Refunds, when applicable, are handled on a case-by-case basis in accordance with applicable consumer-protection laws.
7. Dividends
Dividend distributions are declared and executed at the discretion of the platform. Each distribution pool is divided proportionally among shareholders on the distribution execution date, in units of the smallest currency denomination supported by the platform. Dividends are recorded as individual ledger entries for each share you currently hold.
8. Identity Verification (KYC)
You may be required to submit identity verification documents before certain actions (large purchases, selling on the secondary market, withdrawing dividend proceeds). Failure to pass verification when requested may restrict your account, including withholding distributions, at the platform's discretion.
9. Risk Acknowledgement
Property share investments are subject to risk, including but not limited to: changes in property value, project delays, lower-than-projected rental income or dividend yields, total loss of capital, and illiquidity on the secondary market. Past performance and projected yields are not a reliable indicator of future results. Please read the Risk Disclosure page carefully before investing.
10. Limitation of Liability
To the maximum extent permitted by law, the platform, its operators, directors, employees, and agents disclaim all warranties and shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, arising from or related to your use of the Service.
11. Modifications
We reserve the right to modify these Terms of Service at any time. Continued use of the Service after changes constitute your acceptance of the revised terms. Material changes will be communicated by in-app notification or email.
12. Contact
For questions about these Terms, please use the contact form on the homepage or email hello@sharedstate.example.