Legal & Compliance
Corporate Structure
Kaskad is developed and operated by POW Incentives S.A., incorporated in the British Virgin Islands (BVI). The entity provides the legal framework for protocol development, team compensation, and operational treasury management.
MiCA Alignment
Kaskad's compliance framework is aligned with the European Union's Markets in Crypto-Assets (MiCA) regulation. This alignment informs the protocol's token classification, treasury structure, and governance design.
Key elements of MiCA alignment:
Token classification — $KSKD is structured as a utility and governance token. It does not confer equity, revenue rights, profit distribution, or any financial claim against the protocol, its treasury, or its operating entity.
No investment returns — the protocol does not promise, imply, or distribute investment returns. Incentives are activity-based rewards for protocol participation, not yield on a financial instrument.
Transparent treasury — all fee collection and distribution is on-chain, auditable, and governed by immutable smart-contract logic.
Governance transparency — bounded governance parameters, proposal lifecycle, and voting outcomes are publicly visible on-chain.
$KSKD Token Classification
$KSKD is classified as a utility/governance token based on the following properties:
What $KSKD is:
- A governance participation medium (for eligible users who stake and maintain active positions)
- An incentive access key (eligibility for activity-based rewards)
- A protocol coordination tool
What $KSKD is NOT:
- Not a security or investment contract
- Not an equity instrument or ownership share
- Not a revenue-sharing or profit-distribution mechanism
- Not a claim on treasury funds or protocol revenue
Token holder rights are limited to:
- Governance participation (requires staking + active liquidity position)
- Incentive eligibility (requires meeting activity thresholds)
- No claim on treasury funds
- No revenue entitlement
- No profit distribution
Presale Infrastructure
Kaskad's presale rounds are conducted through ForYield, a compliant presale infrastructure provider. ForYield handles KYC/AML requirements and ensures that token distribution follows applicable regulatory standards.
Jurisdictional Restrictions
$KSKD is not available for purchase or use where prohibited by local law. Users are responsible for compliance with the laws and regulations of their own jurisdiction.
The protocol does not target, solicit, or accept participation from jurisdictions where crypto asset trading or DeFi protocol participation is prohibited.
Disclaimer
This documentation is for informational purposes only. Nothing in this documentation constitutes financial advice, an investment recommendation, or a solicitation to purchase $KSKD or any other asset. Participation in DeFi protocols involves risks including but not limited to smart contract risk, oracle risk, market risk, and regulatory risk. Users should conduct their own research and consult professional advisors before interacting with any DeFi protocol.