Date of publication: August 20 2023
1. Acceptance of Terms:
2. Reward Distribution:
Our NFT marketplace offers a reward system that provides users with fungible tokens as incentives for participating in transactions. These tokens can be earned through various activities such as buying, selling, or interacting with NFTs within the platform. By using our services, you expressly acknowledge and agree that:
2.1. Reward Nature:
The tokens distributed as rewards hold value within our platform and may be used for specific purposes, including but not limited to purchasing NFTs, accessing premium features, or engaging in community activities.
2.2. No Guaranteed Real Money Value:
While the fungible tokens may hold value within our platform, it is important to note that they may or may not have a real-world monetary value. The value of the tokens may fluctuate and is subject to market conditions and user demand. We do not guarantee or endorse the conversion of tokens into real money, and the exchange of tokens for real currency is solely at the discretion of third-party platforms or services.
3. Abuse of the Rewards System
3.1 Prohibited Behavior:
Abuse of the Rewards system is strictly prohibited. This includes but is not limited to:
- Creating multiple accounts to earn Rewards;
- Colluding with other users to generate Rewards;
- Manipulating transactions for the sole purpose of earning Rewards;
- Using any automated systems or bots to engage with the Rewards system;
- Any other actions that are intended to defraud or manipulate the Rewards system.
3.2 Wash Trading:
Engaging in wash trading, which includes executing trades with yourself, or with colluding parties, solely for the purpose of generating Rewards or artificially inflating the volume or price of an NFT, is prohibited.
Consequences of Abuse and Wash Trading:
Users found to be abusing the Rewards system or engaging in wash trading will face the following consequences:
- Immediate removal of all earned Rewards;
- Temporary or permanent suspension of the user's account;
- Legal action against the user for fraudulent activities;
- Any other actions deemed appropriate by [Company Name], at our sole discretion.
SentX reserves the right to monitor all user activities on the Website to ensure compliance with these Terms.
3.4 Modification of Rewards Program:
SentX reserves the right to modify, suspend, or discontinue the Rewards program at any time, with or without notice to you.
To be eligible for receiving rewards in the form of fungible tokens, you must comply with the following requirements:
4.1. Account Creation:
You must create a valid account on our NFT marketplace, providing accurate and up-to-date information. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.
4.2. Compliance with Applicable Laws:
You must adhere to all applicable laws, regulations, and restrictions regarding the use of our NFT marketplace and the receipt, storage, and transfer of fungible tokens.
5. Disclaimer of Liability:
We strive to provide accurate and reliable information, but we do not guarantee the completeness, accuracy, or reliability of any content or information available on our platform, including information related to the fungible tokens or their value.
5.2. User Responsibility:
You understand and agree that any participation in the reward system is at your own risk. You are solely responsible for evaluating the risks associated with the use, ownership, and exchange of fungible tokens obtained through our platform.