MiCA Compliance Statement

1. Why This Page Exists

Regulation (EU) 2023/1114 — known as MiCA, the Markets in Crypto-Assets Regulation — entered into application across the European Union on a phased schedule, with Title III and Title IV (asset-referenced and e-money tokens) applying from 30 June 2024 and the remaining Titles, including Title V on crypto-asset service providers, applying from 30 December 2024. MiCA introduces a comprehensive authorisation regime for anyone who issues crypto-assets to the public or who provides crypto-asset services in the Union.

Cathedral s.r.l.s has reviewed its Platform against MiCA and has decided, as a deliberate corporate strategy, to operate fully outside the scope of MiCA. This page explains, plainly, what that means in practice for Customers and Members.

2. What This Means In Practice

Vora's product scope is firmly placed outside MiCA. Concretely:

• No on-chain token issuance. Vora does not mint, transfer, or burn any fungible token, any non-fungible token (NFT) badge, or any other on-chain unit attributable to a Member.
• No public burn or redemption endpoint. No mechanism exists for Members to "redeem" or "convert" any on-platform balance to or from a crypto-asset.
• XP is an internal-only points system. The Terms of Service describe XP as a non-transferable internal accounting unit with no monetary or transferable value. There is no exchange rate, no withdrawal path, no redemption value.
• No wallet required. Members do not need to hold, connect, or disclose any blockchain wallet address to register, vote, submit ideas, or participate.
• Disclosure footer platform-wide. "XP is a non-transferable internal points system. Vora does not issue crypto-assets. Vote integrity is anchored on chain via an append-only audit log." This appears on the dashboard and proposal pages.

3. What Is On Chain — and Why It Is Not a Crypto-Asset

The Vora Platform uses a public distributed ledger for one purpose only: to write a tamper-evident audit trail of governance activity. Specifically, the smart contract VoteAuditLog, deployed on Base Mainnet (Chain ID 8453) at the address below, accepts two kinds of write operations:

• Merkle root commits — for each closed proposal, a single 32-byte cryptographic root summarising the batch of vote hashes is written.
• Results certifications — a SHA-256 hash of the aggregated, anonymised proposal outcome is written.

The contract on BaseScan: 0xeC0a2d350e133BA9A144340844A803FDdFfe4a77.

4. What This Means for You

4.1 If You Are a Member (a person who votes or submits ideas)

• You can vote, submit ideas, and accumulate XP and badges as part of in-Platform participation.
• You do not need a crypto wallet. You will never be asked for one for ordinary participation.
• XP and badges have no monetary value, are non-transferable, and cannot be redeemed for fiat currency, crypto-assets, or any third-party good or service.

4.2 If You Are an Organization (a Customer)

• The on-chain audit log operates as documented: Merkle-root commits per closed proposal, plus results certifications. Your audit-trail integrity guarantees are preserved.
• If you communicate Vora to your members, please align messaging with this Statement and with the Terms of Service. Vora is a governance and co-creation tool, not a crypto product.

5. Regulatory Posture

Cathedral s.r.l.s is established in Italy (Padenghe sul Garda, Brescia province) and is subject to Italian and EU law. With respect to crypto-asset regulation specifically:

• Cathedral is not registered with the Italian "OAM" registry of operators of virtual currencies and digital wallet services and is not required to be, because Cathedral does not provide virtual currency exchange services or digital wallet custody services within the meaning of Article 17-bis of D.Lgs. 141/2010.
• Cathedral is not authorised as, and does not hold itself out as, a crypto-asset service provider ("CASP") under Title V of MiCA. Cathedral does not provide any of the services listed in MiCA Article 3(1)(16).
• Cathedral is not a payment institution, an electronic money institution, an investment firm, or a credit institution under Italian or EU law.
• Cathedral is committed to maintaining this posture. Any change in scope that would bring Vora within MiCA would be communicated, with appropriate notice, before any implementation.

6. Verification

Anyone — Customer, Member, regulator, or third-party auditor — can independently verify the integrity of the on-chain audit log by:

1. Inspecting the smart contract source and deployed bytecode at basescan.org/address/0xeC0a2d350e133BA9A144340844A803FDdFfe4a77.
2. Reviewing the on-chain transaction history, which is exclusively composed of Merkle-root commits and results-certification events.
3. Recomputing the SHA-256 hash of any published proposal result and matching it to the certification on chain.

7. Contact

8. Document Control