$GLAD is a utility token — not a financial instrument, security, or investment product. This is not investment advice. Early-stage tokens carry significant risk, including total loss of value.

Gladius · $GLAD

Legal & Risk

This document sets out the legal and regulatory position of the $GLAD token and the risks associated with participation in the Gladius ecosystem.

I. Regulatory Disclaimer

Important Notice

$GLAD is a utility token. It is not a financial instrument, a security, a share, a bond, a collective investment scheme, or any other regulated financial product under the laws of any jurisdiction.

Holding or acquiring $GLAD does not confer any ownership right, dividend entitlement, profit-sharing right, or claim against the Gladius Foundation or any associated person or entity.

Nothing on this website, in the Gladius Technical Whitepaper, or in any other Gladius publication or communication constitutes investment advice, financial advice, trading advice, or a solicitation or recommendation to buy, hold, or sell any asset. You should not rely on any Gladius communication for financial decisions.

Early-stage tokens carry significant risk. You may lose the entire amount you spend to acquire $GLAD. Acquire $GLAD only if you fully understand and accept all risks described in this document.

II. MiCA Position

Nature of this document

The Gladius Technical Whitepaper is a technical and conceptual document describing the Gladius protocol, the Dignitas scoring system, and the $GLAD token. It is a Technical Whitepaper only. It is not a crypto-asset whitepaper within the meaning of Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA). It has not been submitted to, reviewed by, or approved by the Financial Services and Markets Authority (FSMA), any other national competent authority, or any supervisory body.

Exemption — Article 4 MiCA

Any offer of $GLAD is made within a limited network under Article 4(2) of MiCA. The total consideration of all $GLAD offers made to the public in the European Union over a rolling twelve-month period does not exceed the threshold specified in Article 4(2)(b) of MiCA. Accordingly, the offer is exempt from the obligation to publish a MiCA-compliant crypto-asset whitepaper.

Token characterisation

$GLAD is a utility token. Its functions within the Gladius ecosystem are:

  • Governance. $GLAD holders participate in the Comitia — the on-chain governance body — by proposing and voting on amendments to the Lex Gladii, Council elections, treasury allocation, and protocol updates.
  • Civic signal. Holding $GLAD constitutes a public, on-chain declaration of alignment with the Lex Gladii and the Universal Declaration of Human Rights.
  • Ecosystem access. $GLAD grants preferential access to Civitas-certified DeFi pools and services within the Gladius ecosystem, with access tiers linked to the Potestas Index.
  • Medium of exchange. $GLAD serves as the medium of exchange for fees, grants, and Civitas-related transactions within the Gladius ecosystem.

$GLAD is not an asset-referenced token (ART) within the meaning of Title III of MiCA. It is not an e-money token (EMT) within the meaning of Title IV of MiCA. It carries no claim on any reserve, fiat currency, commodity, or underlying asset of any kind.

III. Risk Disclosure

Acquiring $GLAD involves material risks. The following is not an exhaustive list. You should carefully consider all risks before participating.

  • Loss of funds. The value of $GLAD may decline to zero. You may lose the entire amount you spend to acquire $GLAD. There is no minimum price guarantee or floor value.
  • Liquidity risk. $GLAD is an early-stage token with a limited market. You may not be able to sell your $GLAD at the price or time you wish. Large positions may be difficult or impossible to liquidate without significant adverse price impact.
  • Regulatory risk. The regulatory treatment of crypto-assets — including utility tokens — is evolving across all jurisdictions. Future legislation, regulatory guidance, court decisions, or enforcement action may materially restrict, prohibit, or otherwise affect the legality, value, or usability of $GLAD. The Gladius Foundation cannot predict or guarantee regulatory outcomes.
  • Technology risk. $GLAD is deployed on the Algorand blockchain and relies on smart contracts, decentralised protocols, and third-party infrastructure. Bugs in smart contract code, protocol failures, network outages, consensus failures, or security vulnerabilities — whether in Algorand, Tinyman, or any other component of the ecosystem — may result in the loss of, or inability to access, your $GLAD.
  • No guaranteed returns. The Gladius Foundation makes no promise, representation, or warranty that $GLAD will appreciate in value, generate returns, or be exchangeable for any specific amount of value at any time. There is no buyback obligation, no guaranteed yield, no redemption right, and no interest payment of any kind.
  • Project and development risk. Gladius is at an early stage of development. There is no guarantee that planned features, the Civitas ecosystem, the Dignitas scoring engine, or any other component of the protocol will be completed, maintained, or commercially successful. The team's plans may change, and resources may be exhausted.
  • Governance risk. Decisions made by $GLAD token holders through the Comitia may affect the protocol in ways that reduce the value or utility of $GLAD. No single holder or group of holders is guaranteed any particular governance outcome.
  • Market and volatility risk. Crypto-asset markets are highly volatile. The price of $GLAD may be affected by factors entirely outside the control of the Gladius Foundation, including macro conditions, broader market sentiment, and actions of third parties.

IV. Jurisdiction Notice

The information on this website and the offer of $GLAD are not directed at, and may not be relied upon by, persons in jurisdictions where participation in token offerings is restricted or prohibited by applicable law.

  • United States persons. Participation in the $GLAD offering is restricted to non-US persons. US persons — as defined under Regulation S of the United States Securities Act of 1933 (as amended) — are expressly prohibited from acquiring $GLAD.
  • Sanctioned jurisdictions. Persons located in, or nationals of, jurisdictions subject to comprehensive international or EU sanctions programmes are excluded from participation.
  • Other restricted jurisdictions. Participation may be restricted or prohibited in other jurisdictions under local law. It is your sole and exclusive responsibility to determine whether your participation is lawful in your jurisdiction. The Gladius Foundation does not provide legal advice on this question and accepts no liability for participation by persons who are legally restricted from doing so.

By acquiring $GLAD, you represent and warrant that: (i) you are not a US person; (ii) you are not located in, incorporated in, or a national or resident of a restricted or sanctioned jurisdiction; and (iii) your participation is lawful under all laws applicable to you.

V. Legal Contact

For legal enquiries, regulatory correspondence, or questions regarding this document:

[email protected]

Last updated: May 2026  ·  Gladius Foundation