⚖️ LEGAL NOTICE & PARTICIPANT DISCLAIMER
For the BLOK Token Presale
Last Updated: July 10, 2025
IMPORTANT: THIS DOCUMENT CONSTITUTES A LEGALLY BINDING DISCLAIMER AND WAIVER OF LIABILITY. YOU MUST READ, UNDERSTAND, AND ACCEPT THE TERMS BELOW IN FULL PRIOR TO PARTICIPATING IN THE BLOK TOKEN PRESALE. BY PROCEEDING, YOU AGREE THAT YOU HAVE VOLUNTARILY WAIVED CERTAIN LEGAL RIGHTS AND ASSUMED FULL RESPONSIBILITY FOR ALL RISKS DESCRIBED HEREIN.
1. DEFINITIONS
For the purposes of this Disclaimer:
"BLOK" refers to the cryptographic governance token issued by the BLOK project (the "Project").
"Bdollar" refers to the non-tokenized in-game currency used exclusively within the BLOK ecosystem.
"NFT(s)" refer to non-fungible tokens that may be used in or outside of the game for gameplay, cosmetic, or utility purposes.
"Smart Contracts" refer to deployed or future blockchain-based code that interacts with BLOK tokens, NFTs, or game mechanics.
"Presale" refers to any public or private distribution of BLOK tokens prior to full ecosystem launch.
"Participant" or "You" refers to any person, entity, or wallet address that contributes digital assets in exchange for BLOK tokens.
2. NATURE OF THE TOKEN
BLOK is a utility and governance token intended solely for use within the BLOK ecosystem. It does not represent equity, debt, profit-sharing, dividends, voting rights in any legal entity, or any legally enforceable rights or entitlements beyond the in-game and on-chain functionality explicitly offered.
BLOK is not, and shall not be construed as, a security, financial instrument, commodity, or derivative, and participation in the presale is not an investment contract or solicitation thereof. No regulatory body has reviewed or approved this offering.
3. PARTICIPATION IS AT YOUR OWN RISK
By participating in the presale or otherwise acquiring BLOK, you acknowledge that:
- You are engaging in a high-risk, experimental, and highly volatile endeavor.
- You may lose the entire value of your contribution with no right to refund or compensation.
- BLOK tokens may have no market value, no utility, and may never be listed on any exchange.
- The BLOK game, platform, or ecosystem may never be fully developed, launched, or maintained, whether due to financial, regulatory, operational, or technical obstacles.
- You are acquiring BLOK tokens without reliance on any past, present, or future representations or promises of utility, appreciation, revenue generation, or ecosystem functionality.
4. NO GUARANTEE OF PROJECT DELIVERY OR PERFORMANCE
You understand and accept that:
- The development of the BLOK game and ecosystem is subject to multiple risk factors, including but not limited to: technical failure, funding shortfalls, developer departure, legal challenges, third-party interference, force majeure events, or economic infeasibility.
- There is no guarantee that the Project will be completed, delivered, or maintained, nor that any specific feature, NFT functionality, staking mechanism, marketplace, or play-to-earn component will function as originally intended or at all.
- The team may pivot, abandon, freeze, or re-deploy contracts or tokens at its sole discretion, with or without community input or notification.
5. NON-FINANCIAL INSTRUMENT REPRESENTATION
You expressly acknowledge that:
- BLOK tokens do not represent a claim against any entity, developer, DAO, treasury, or underlying asset.
- Holding BLOK does not entitle you to governance control, profit share, distributions, or enforceable rights of any kind beyond the game's internal mechanics, which may change over time.
- Bdollar is not a cryptocurrency, token, or redeemable currency. It is an off-chain utility score/currency with no monetary value and cannot be withdrawn or traded outside the game.
- NFTs issued in the BLOK ecosystem may be rendered unusable, non-transferable, or illiquid due to in-game mechanics, technical changes, or smart contract upgrades.
6. NO WARRANTIES OR REPRESENTATIONS
All tokens, NFTs, contracts, dashboards, or other assets provided by the Project are offered "AS IS" and "AS AVAILABLE," with no warranty or guarantee of availability, security, functionality, usability, or merchantability, and without warranties of any kind (express, implied, statutory, or otherwise).
The Project disclaims all liability for:
- Smart contract bugs or vulnerabilities;
- Lost or stolen private keys;
- NFT metadata loss or broken assets;
- Interruption or discontinuation of services;
- Failed or delayed transactions;
- Any loss incurred due to third-party service integrations.
7. RESTRICTED JURISDICTIONS
The BLOK Presale and related offerings are not available to individuals or entities who are:
- Residents, citizens, or domiciled in the United States of America, Canada, China, South Korea, Singapore, Iran, North Korea, or any other jurisdiction in which token offerings are prohibited, restricted, or require registration;
- Persons subject to international sanctions, OFAC restrictions, or trade embargoes;
- Acting on behalf of another party located in a restricted jurisdiction.
It is your sole responsibility to determine whether your participation complies with the laws of your jurisdiction. The Project makes no representations that this offering is lawful in any jurisdiction.
8. TAXES & REGULATORY DUTIES
You bear full responsibility for determining and paying any taxes, duties, or levies applicable to your acquisition, ownership, use, transfer, or sale of BLOK tokens or NFTs.
The Project shall have no responsibility, liability, or duty to report or withhold taxes on your behalf. Consult a licensed tax advisor for guidance.
9. LIMITATION OF LIABILITY
To the fullest extent permitted by law, you agree that:
- The Project, its developers, contributors, affiliates, licensors, contractors, and advisors shall not be liable to you or any third party for any direct, indirect, incidental, special, punitive, consequential, or exemplary damages arising out of or related to your use, acquisition, loss, or inability to access BLOK, NFTs, Bdollar, or associated smart contracts.
- Your sole and exclusive remedy for any dissatisfaction with the project is to cease usage and interaction.
10. DISPUTE RESOLUTION AND GOVERNING LAW
You agree that any dispute, controversy, or claim arising out of or relating to this Disclaimer, the Presale, or any aspect of the BLOK project shall be resolved through final and binding arbitration under ICC Rules (or equivalent) in [Cayman Islands / Singapore / Switzerland], in English, with a single arbitrator appointed by mutual agreement or by the arbitral authority.
You waive any right to class actions, jury trials, or public court hearings.
This Disclaimer shall be governed by and construed in accordance with the laws of [same jurisdiction], without regard to conflict of law principles.
11. FINAL ACKNOWLEDGEMENT
By participating in the BLOK token presale or interacting with any smart contracts or NFTs associated with the Project, you:
- Confirm that you are not relying on any third-party endorsements, future promises, or unverified statements;
- Affirm that you understand the risks, accept the terms herein, and have the legal capacity to do so;
- Acknowledge that you waive any rights to refunds, damages, or legal remedies arising from losses or dissatisfaction;
- Consent to the permanent exclusion of liability for the Project and its participants, and affirm that you assume all responsibility for participation.
⚠️ IF YOU DO NOT FULLY UNDERSTAND OR AGREE WITH ANY PART OF THIS DISCLAIMER, DO NOT PARTICIPATE IN THE PRESALE. CONSULT LEGAL COUNSEL BEFORE CONTINUING.