Term And Conditions


These terms and conditions ("Terms") govern your participation in the Initial Coin Offering ("ICO") of Octoblock tokens ("OCTO"). By participating in the ICO, you agree to be bound by these Terms, which constitute a legally binding agreement between you and Octoblock

1. Eligibility

By participating in the ICO, you represent and warrant that you are of legal age and have the legal capacity to enter into a contract under the laws applicable to you.

2. Token Sale

The Issuer will offer and sell Tokens to participants in the ICO in accordance with the terms specified in the ICO whitepaper and associated documents.

3. Purchase Agreement

By participating in the ICO, you agree to purchase Tokens from the Issuer in exchange for the consideration specified in the ICO whitepaper and associated documents.

4. Rights and Responsibilities

The Issuer reserves the right to alter the terms of the ICO, including but not limited to the sale period, pricing, and allocation of Tokens. The Issuer also reserves the right to refuse or cancel Token purchases at its sole discretion.

5. Distribution of Tokens

The Issuer will distribute the Tokens to participants after the conclusion of the ICO in accordance with the terms specified in the ICO whitepaper and associated documents.

6. Disclaimers

The Tokens are not securities and are not registered with any securities regulatory authority. By participating in the ICO, you expressly acknowledge and agree that the Tokens are not intended to constitute securities in any jurisdiction.

7. Limitation of Liability

To the fullest extent permitted by law, the Issuer disclaims all liability for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses resulting from the purchase or use of the Tokens.

8. Indemnification

By participating in the ICO, you agree to indemnify and hold the Issuer, its affiliates, and their respective officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, and expenses arising out of or in connection with your participation in the ICO or use of the Tokens.

9. Governing Law and Dispute Resolution

These Terms are governed by and construed in accordance with the laws of Monaco.

10. Miscellaneous

These Terms constitute the entire agreement between you and the Issuer regarding your participation in the ICO and supersede all prior or contemporaneous understandings and agreements, whether written or oral.

Additional Statements

In addition to the existing terms and conditions, the following statements are hereby incorporated:

1. Intended Use of Tokens

Purpose of Tokens

The Tokens are exclusively intended for the purpose of facilitating governance votes and are not to be utilized for speculative trading or investment purposes. Participants in the ICO explicitly acknowledge and agree that the Tokens are specifically designed for governance functions within the ecosystem and are not intended for speculative investment.

Acknowledgement of Use

By participating in the Octoblock ICO, all users acknowledge and accept that the Tokens are not to be considered as a means of generating profit. Participants understand and agree that the primary utility of the Tokens lies in their role for governance within the ecosystem.

Token Value

Participants in the Octoblock ICO also understand and accept that the value of the token is not determined by external efforts, but rather by open market participants who are interested in engaging in on-chain activities, games, and yield farming returns provided by third-party providers.

2. Dividends and Value Guarantee

The Issuer does not promise any dividends or guarantee an increase in the value of the Tokens. Participants acknowledge that the Issuer relies on third-party decentralized finance platforms to generate yield farming returns for token holders, and the value of the Tokens may fluctuate based on various market factors.

3. Common Enterprise Disclaimer

The Issuer is not part of a common enterprise, as the project itself is managed and developed by contributors. Participants understand and agree that the success of the project and the value of the Tokens are subject to various external factors, including market demand, adoption, and the execution of the project's suggested development roadmap laid out or set forward by project contributors.

By participating in the ICO, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you should not participate in the ICO. 4. Compliance with Sanctions and Restricted Persons Policy Restrictions on Interface Usage

Our Interface is not available to individuals or entities residing in, holding citizenship of, incorporated in, or having a registered office in the United States of America or any Prohibited Localities, specifically Restricted Persons as defined below. We do not grant exceptions to this policy. If you are a Restricted Person, please refrain from attempting to access or use the Interface. The use of a virtual private network (VPN) or any other means by Restricted Persons to access or use the Interface is strictly prohibited.

Compliance with Sanctions and Restricted Persons Policy

When you use or access the Interface, you confirm to us that you are not subject to the Sanction Lists and that you are not a Restricted Person as defined below.

Sanction Lists Definition

  • "Sanction Lists" refers to sanctions designations listed on economic/trade embargo lists and/or specially designated persons/blocked persons lists published by international organizations, as well as any state and governmental authorities of any jurisdiction. This includes, but is not limited to, the lists of the United Nations, European Union and its Member States, United States, and United Kingdom sanctions lists.

Appropriateness of Access

  • We do not guarantee that the information, products, or services provided through our Interface are suitable for access or use in other jurisdictions. You are not allowed to access or use our Interface in any jurisdiction or country if doing so would violate the law or regulation of that jurisdiction, or if it would subject us to the laws of, or any registration requirement with, such jurisdiction.

Limitations on Availability

  • We reserve the right to restrict the availability of our Interface to any person, geographic area, or jurisdiction at any time and at our sole and absolute discretion.

Prohibited Localities

  • Octoblock does not interact with digital wallets located in, established in, or a resident of specific regions, including Myanmar (Burma), Côte D'Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, the so-called Donetsk People’s Republic, Democratic Republic of Congo, Iran, Iraq, Libya, the so-called Luhansk People’s Republic, Mali, Nicaragua, Democratic People’s Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, or any other state, country, or region included in the Sanction Lists.

Prohibition of Circumvention

  • You must not use any software or networking techniques, including the use of a Virtual Private Network (VPN), to modify your internet protocol address or otherwise circumvent or attempt to circumvent this prohibition.

Formal Acceptance of Terms and Conditions

Engagement in the Octoblock ICO, or employing any offerings by Octoblock, at any point, constitutes your formal agreement to adhere to the stipulated terms and conditions. Your participation signifies a legally binding concurrence with these terms as set forth by Octoblock.

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