Read this before you buy.

Experimental software

The $STRAT token contract, the reserve vault contract, and the Uniswap V4 hook contract are unaudited at first launch and may be unaudited indefinitely. Smart contract code is software. All software contains bugs. Some bugs in smart contracts result in irrecoverable loss of funds — including loss of the entire reserve and loss of the ability to trade out of the token. By interacting with any address associated with $STRAT, you accept this risk in full.

No investment advice

Nothing on strat.meme, in the whitepaper, in any social-media post by the project's anonymous authors ("Strategoi"), or in any document referenced from this site constitutes investment advice, financial advice, legal advice, tax advice, or any kind of professional advice. The discussion of MicroStrategy's mechanism is a comparison for memetic and pedagogical purposes only. Past performance of MicroStrategy, of Strategy Inc., of Bitcoin, of any Uniswap pool, or of any other asset is not indicative of future $STRAT performance.

No affiliation with Strategy Inc. / MicroStrategy / Michael Saylor

$STRAT is not affiliated with, endorsed by, sponsored by, or operated by Strategy Inc., MicroStrategy Inc., Michael Saylor, Phong Le, or any current or former officer, director, employee, agent, or counterparty of those entities. The use of the term "fork" in our materials refers to the conceptual or memetic re-implementation of the company's reflexive treasury mechanic in a permissionless smart-contract setting. No code is shared. No legal entity is shared. No partnership exists.

No affiliation with Bitcoin or the Bitcoin Foundation

$STRAT is an ERC-20 token on Ethereum mainnet. It is not Bitcoin, is not pegged to Bitcoin, is not redeemable for Bitcoin, and is not endorsed by any Bitcoin developer, contributor, foundation, or related project. The reserve contract holds wrapped ether, not Bitcoin. The aesthetic of this site references the Bitcoin whitepaper as a tribute and as a memetic anchor; nothing more.

No affiliation with Uniswap Labs

The $STRAT mechanism uses Uniswap V4 hook primitives, deployed as a permissionless pool on the public Uniswap V4 deployment. Uniswap Labs, the Uniswap Foundation, and Uniswap protocol developers have not reviewed, endorsed, or approved $STRAT in any form. The composability of V4 hooks is open by design, and the existence of a hook does not imply review or endorsement of that hook.

The mechanism is on-chain, not a promise

The reserve-per-token floor described in the whitepaper is the outcome of the on-chain code as deployed. It is not a guarantee of price floor, redemption right, dividend stream, repurchase obligation, or any other claim against any person or entity. The fact that the code attempts to ratchet the floor upward does not mean the market price will respect the floor, and does not entitle any holder to receive any portion of the reserve under any circumstance.

Price risk · The token can go to zero

The market price of $STRAT in the Uniswap V4 pool can fall, including catastrophically and including to zero. This may happen due to a smart-contract exploit, due to a sustained sell-side imbalance that exhausts the defence-mode buyback budget, due to oracle failure, due to the depegging of wrapped ether, due to broader market conditions, or for no reason at all. Do not buy $STRAT with funds you cannot afford to lose in full.

Oracle and TWAP risk

The hook's accumulation-vs-defence decision is computed from a thirty-second TWAP price feed. TWAP feeds can be manipulated by sustained capital expenditure across the lookback window. The hook also depends on the canonical Uniswap V4 pool reading correctly; in the event that the underlying V4 protocol is paused, upgraded, or replaced, the mechanism may stop functioning.

No team · No roadmap · No recovery

$STRAT has no team in the customary sense — no employees, no payroll, no salaried developers, no advisors. Beyond the deployment of the contracts and the publication of this site, there is no roadmap. There will be no feature additions, no governance, no airdrops, no staking, no v2 contract, no rescue mechanism. If you lose access to the wallet that holds your $STRAT, those tokens are unrecoverable by anyone. The wallet's private key is the only credential. There is no support channel.

Regulatory uncertainty

The legal characterisation of memecoins, treasury-backed tokens, and Uniswap V4 hooks is uncertain in many jurisdictions. The U.S. SEC, the U.S. CFTC, the U.K. FCA, the EU MiCA framework, and equivalent regulators in your jurisdiction may take action affecting your ability to hold or transfer $STRAT. You are solely responsible for determining whether your participation is lawful where you reside and for any taxes owed on any gain or loss.

Unlawful use is forbidden

You may not interact with the $STRAT contract, the reserve contract, the Uniswap V4 hook, or this website from any jurisdiction where such interaction is unlawful, nor in furtherance of any activity that is unlawful in any applicable jurisdiction, including but not limited to money laundering, terrorist financing, sanctions evasion, market manipulation, or fraud. The fact that the contracts are permissionless does not grant you permission.

Forward-looking statements

Statements on this site about the future behaviour of the mechanism (the floor will rise, the reserve will grow, the burn will defend, etc.) are forward-looking and depend on the contract executing as intended, on the existence of trading volume, and on the absence of bugs or external interference. None of these conditions are guaranteed.

Changes

This disclaimer may be updated at any time without notice. The version in force is the version live at strat.meme/disclaimer/ at the moment of your interaction. By continuing to use the site or to interact with the contracts, you accept the then-current version.