TNT Airdrop Terms and Conditions

Summary of Airdrop Terms and Conditions:

Welcome to the TNT Token Airdrop for the Tangle Network Mainnet Launch. We invite you to participate, subject to the following key points that summarize our terms and conditions:

Eligibility Criteria:

Open to individuals of legal majority age in their jurisdiction, excluding those under geographic restrictions government sanctions. Eligibility includes holders of EDG tokens at the time of network genesis, and as of a specified date, and participants in our incentivized testnet activities.

Nature of TNT Tokens:

TNT tokens are utility tokens for use within the Tangle Network, not investments or securities. Their market value may fluctuate, and they are subject to a two-year vesting period with specific usage conditions.

Data Collection for Airdrop Participation:

TTo participate in the airdrop, certain information may be required. This includes your IP address and blockchain wallet address. For more details, please refer to our Privacy Policy.

Modification of Terms:

The terms of the airdrop are subject to change, with updates posted to https://statement.tangle.tools For further details, please consult our General Terms of Service.


Full Terms and Conditions

Please Read These Terms and Conditions Carefully:

Program or Allocation Participation:

Eligible participants include those holding EDG tokens as of the network genesis or [SNAPSHOT DATE], and those participating in a qualifying action as detailed in our 'Incentivized Testnet Promotional Campaign'.

Legal Capacity and Age Requirement:

To claim TNT tokens via our Interface, you must have the legal capacity to form a binding contract. This implies that you are at least the age of majority in your jurisdiction (e.g., eighteen years old) and possess the full right, power, and authority to comply with the terms of this agreement both for yourself and any entity you represent.

Geographic Restrictions:

Our Interface and the claim of TNT tokens are NOT offered to persons or entities resident in, citizens of, incorporated in, or having a registered office in Myanmar (Burma), Canada, China, Cote D'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People's Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, the United States, the Russian Federation or any other state, country or region that is subject to sanctions enforced by the United States, the United Kingdom or the European Union. We strictly prohibit use by such Restricted Persons, including attempts to access or use our Interface via a Virtual Private Network (VPN) or similar methods.

Compliance with Applicable Law:

You bear sole responsibility for adhering to all applicable laws and regulations concerning your use of the Interface. This includes the responsibility for reporting and paying applicable taxes. You must not use the Interface in any way that violates applicable laws or facilitates illegal activities.

Sanctions and Prohibited Lists: By using our Interface, you represent that you are not subject to sanctions or designated on any prohibited or restricted parties list, including but not limited to those maintained by the United Nations Security Council, the European Union, or other relevant authorities.

Jurisdictional Compliance:

You represent that accessing the Interface in your jurisdiction is lawful. You must not access or use our Interface in any jurisdiction where such action would be contrary to local law or would require us to comply with local registration requirements. We reserve the right to limit the availability of our Interface at our sole discretion.

Non-Circumvention:

You agree not to access the Interface through any technology or method that circumvents these Terms, including the use of VPNs to disguise your location.

Right to Restrict Access

We reserve the right to disable or restrict access to the Interface at any time for breach of these Terms. This includes limiting access based on geographical or legal jurisdiction at our sole discretion. We are not liable for any losses or damages resulting from restricted access.

Tokens, Usages and Nature

Nature of Tokens:

TNT tokens are utility tokens intended for use within the Tangle Network.

Market Volatility:

The value and liquidity of TNT tokens are subject to market conditions and may fluctuate.

Irreversibility of Transactions:

Transactions on the blockchain, including claiming TNT tokens, are irreversible.

Token Distribution and Restrictions:

Initial Token Release:

Upon claiming TNT tokens, 10% of the total tokens owed to the claimant will be immediately unlocked and available at the time of delivery.

Gradual Monthly Release:

Commencing one month after the network launch, the remaining 90% of the tokens will be distributed to the claimant in equal monthly and programmatic installments over 24 months. Each month, 1/24th of the total tokens owed will be unlocked and made available to the claimant.

Non-Transferability During Lockup:

The tokens are subject to non-transferability restrictions during the lockup period. This means that tokens which have not yet been released according to the above schedule cannot be sold, transferred, pledged, or otherwise disposed of until they are unlocked.

Summary:

By participating in the TNT Token Airdrop for the Tangle Network Mainnet Launch, you acknowledge and agree to all the terms and conditions outlined in this document, along with those in the General Terms of Service and Privacy Policy.