These Terms of Service constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”) and JaxCorp DAO (“we,” “us” or “our”), concerning your access to and use of the jaxcorp.com website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”).
JaxCorp DAO governs the collection and distribution of WJAX (JAX) as per the UBI program. Universal basic income (UBI) is a program in which every adult citizen receives a set amount of money periodically.
Universal basic income (UBI) is not a guaranteed entitlement to the users but an experiment where we try to make people’s life better by distributing WJAX tokens to cover people’s basic needs which can potentially eliminate all or most poverty, create equality in financial distribution and help to alleviate other social problems. JaxCorp DAO does not undertake to complete or to continue the services, and shall be entitled to cease, freeze or terminate the UBI project at any time and for any reason at its sole and absolute discretion.
You (“User”, “you”, “your”) submit that by using our Website or Services, you agree and accept to abide by these Terms. If you disagree with any of these Terms, please do not use our Website or Services.
We reserve the right, in our sole discretion, to modify this Agreement from time to time in accordance with its governing law and regulations. If we make any modifications, we will notify you by updating the date at the top of the Agreement. All modifications will be effective when they are posted, and your continued use of the Service will serve as confirmation of your acceptance of those modifications. If you do not agree with any modifications to this Agreement, you must immediately stop accessing and using the Site. Your continued use of the Services, Smart Contract System and/or Tokens following any amendment to these Terms constitutes your acceptance of the amendment and consent to be bound by the amended Terms.
To access or use the Service, you must be able to form a legally binding contract with us. Accordingly, you represent that you are at least eighteen years old and have the full right, power, and authority to enter into and comply with the terms and conditions of this Agreement on behalf of yourself and any company or legal entity for which you may access or use the Services. You further represent that you are not a citizen, resident, or member of any jurisdiction or group that is subject to economic sanctions by the USA, the EU or where your use of the Services would be illegal or otherwise violate any applicable law. You further represent that your access and use of the Services will fully comply with all applicable laws and regulations, and that you will not access or use the Services to conduct, promote, or otherwise facilitate any illegal activity.
The JaxCorp DAO vision is to generate sustainable income and financial literacy to the people who need it the most. The JaxCorp DAO mission is to develop and build a platform for generating and distributing universal basic income (UBI), in the form of free WJAX Tokens. We intend to achieve this through smart contracts, in order to facilitate the issuance, holding and transfer of WJAX Tokens.
The UBI will be distributed to users by allowing them to claim WJAX Tokens periodically, after they have verified their unique identity after doing the KYC.
Signing Up To Our Services
JaxCorp DAO aims to provide its users with UBI in the form of WJAX Tokens, and to that end, it needs to enforce a one-user one-account policy. Therefore, only verified users shall be able to receive WJAX Tokens. In order for you to participate in the JaxCorp DAO scheme and claim the tokens, you must, through our website, connect your Metamask wallet to register. Then verify the user's unique identity, through KYC verification. And the final step is to claim your UBI.
Universal Basic Income
Following the KYC verification, you may be entitled to make periodical
Claims of WJAX Tokens, and receive WJAX Tokens through the smart contract
to your Metamask Wallet. UBI is granted to you free of any charge and you
hereby waive any claim against JaxCorp DAO in connection with any
malfunction of the Services and/or your dissatisfaction thereof.
Please note that you need to have a certain amount of BNB (BEP-20) / Matic or the native token of the L-2 where the UBI contract resides, in your wallet in order to register for UBI, as the smart contract collects gas fees. JaxCorp DAO has no access to the funds collected in the form of gas fees as they are used to reward the owners of the nodes who validate the transactions.
WJAX Tokens Redemption
JaxCorp DAO shall not facilitate the redemption of WJAX Tokens for cryptocurrencies stored in the Reserve as part of its Services, nor does it guarantee to facilitate Token redemption at later stages. We make no representation that the Tokens will have any value at any time in the future. The User shall have no claim for redemption out of the Reserve at any time.
No Contractual Relationship And Rights
The User understands and accepts that the Tokens do not represent or constitute any ownership right or stake, share or security or equivalent rights nor any right to receive future revenues, shares or any other form of participation or governance right in or relating to the Smart Contract System, the Reserve, and/or WJAX. JaxCorp DAO does not undertake to provide all of the Services available to every User at all times.
Compliance With Tax Obligations
You are solely responsible for determining what, if any, taxes apply to your WJAX Tokens. We are not responsible for determining the taxes that apply to your transactions. You represent that you will comply with any applicable tax obligations in your jurisdiction arising from your use of our Services.
As a condition to accessing or using the Services, you shall not:
use the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined, as a jurisdiction where the use of the Services is prohibited;
violate any applicable law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws, and use the Services in any way that violates any applicable law, including any federal, state, local or international law or regulation;
use the website or our services in any manner that could damage, disable, overburden, or impair the functioning of the website or our services in any manner;
attempt to gain unauthorized access to, interfere with, damage or disrupt any parts of the Services, the server on which the website is stored, or any connected server, computer or database, or otherwise attempt to interfere with the proper working of the Website or Services;
attempt to circumvent any security measures that we employ on the Website, or attempt to access any service or area of the Platform that you are not authorized to access;
use the Services to pay for, support, or otherwise engage in any illegal gambling activities, fraud, money-laundering, or terrorist activities, or other illegal activities;
use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the website or protocol or to extract data;
introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material on the Website and harm our Services;
provide false, inaccurate, or misleading information; or
encourage or induce any third party to engage in any of the activities prohibited under this Section; or use any device, software or routine that interferes with the proper working of the website or our Services, or engage in any conduct that restricts or inhibits anyone’s use of the website or our Services.
Due to the regulatory uncertainty in the US market, we advise that all US citizens read the following announcement carefully:
NO US PERSONS MAY USE THE SERVICES OR SUBSCRIBE TO THE SERVICES. By using the Services, you represent that you are not a US Person (as defined in Regulation S promulgated under the US Securities Act of 1933, as amended), and you are not using the Services for the account or benefit of a US Person.
You represent and warrant that you are not a citizen of a nation or geographic area in which access to or use of the Website and/or Services is prohibited by applicable law, decree, regulation, treaty, administrative act, or whose government is, the subject of sanctions by the US Department of the Treasury’s Office of Foreign Assets Control, the US Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other relevant sanctions authorities, including (but not limited to) Belarus, the Crimea region, Cuba, Democratic Republic of the Congo, Iran, Iraq, North Korea, South Sudan, Somalia, Sudan, Syria, or Zimbabwe (as amended from time to time).
You further represent that you are not a citizen or resident of, or located in, a nation or geographic area that is subject to any sovereign country sanctions or embargoes, or an individual, entity or an individual employed by or associated with an entity, identified on any denied persons or entity lists, specially designated nationals or blocked persons lists, or the debarred parties’ lists.
Users shall be solely responsible for its use of the Services and the compliance with the above with all laws and regulations applicable to it.
Accessing Our Website And Service
From time to time, we may restrict access to some or all parts of our website or Service. You are responsible for making all arrangements necessary for you to have access to our website and Service. We reserve the right to withdraw or amend the service we provide without notice. We will not be liable if for any reason our website or Service is unavailable at any time or for any period.
Intellectual Property Rights
You acknowledge that all the intellectual property rights, including copyrights, patents, trademarks, and trade secrets, in the Services and its content are owned by JaxCorp DAO or its suppliers. Neither this Agreement (nor your access to the Services) transfers to you or any third party any rights, title or interest in or to such intellectual property rights. There are no implied licenses granted under this Agreement.
You must not use any part of the materials for commercial purposes without obtaining a license to do so from us or our licensors.
No Professional Or Financial Advice
All information provided on the website is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained on the website. Before you make any financial, legal, or other decisions involving the Services, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate. We therefore disclaim all liability and responsibility arising from any reliance placed on such materials by any visitor to our website, or by anyone who may be informed of any of its contents.
The information and any materials contained on the Website or Services should not be considered as an offer or solicitation to buy or sell financial instruments, provide financial advice, create a trading platform, facilitate or take deposits or provide any other financial services of any kind in any jurisdiction.
No Representation And Warranty
You expressly understand and agree that your use of the Service is at your sole risk.
The Service is provided on an “AS-IS” and “AS-AVAILABLE” basis. To the fullest extent permitted by law, we disclaim any representations and warranties of any kind, whether express, implied, or statutory, including (but not limited to) the warranties of merchantability and fitness for a particular purpose. You acknowledge and agree that your use of the Services is at your own risk. We do not represent or warrant that access to the website or our Services will be continuous, uninterrupted, timely, or secure; that the information contained on the website will be accurate, reliable, complete, or current; or that the Services will be free from errors, defects, viruses, or other harmful elements. No information or statement that we make should be treated as creating any warranty concerning the Services. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the website or our Services. You expressly understand and agree that we are building up a community-based basic-income system with the cryptocurrency called WJAX. As such, we may restrict your access to, or otherwise impose conditions or restrictions upon your use of, the website or the Services, with or without prior notice, in our sole discretion.
Our Website And Services Change Regularly
We aim to update our website regularly, and may change the content at any time. If the need arises, we may suspend access to our website or our Services or close it indefinitely in our sole discretion without notice. Any of the material on our site may be out of date at any given time, and we are under no obligation to update such material.
Limitation Of Liability
Whilst we take every reasonable precaution and care in relation to our website and Services, our Services are provided without any guarantees, conditions or warranties as to their accuracy. To the extent permitted by law, we expressly exclude all conditions, warranties whether express or implied, statutory or otherwise, including but not limited to any warranties of merchantability, non-infringement and fitness for particular purpose, and any other terms which might otherwise be implied by statute, common law or the law of equity.
In particular, we will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may affect your mobile phone, computer equipment, computer programs, data or other proprietary material due to your use of our Services.
Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any indirect, punitive, incidental, special, consequential, or exemplary damages, including (but not limited to) damages for loss of profits, goodwill, use, data, or other intangible property, arising out of or relating to any access or use of the Services, nor will we be responsible for any damage, loss, or injury resulting from hacking, tampering, or other unauthorized access or use of the Services or the information contained within it. We assume no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from any access or use of the Services; (c) unauthorized access or use of any secure server or database in our control, or the use of any information or data stored therein; (d) interruption or cessation of function related to the Services; (e) bugs, viruses, trojan horses, or the like that may be transmitted to or through the Services; (f) errors or omissions in, or loss or damage incurred as a result of the use of, any content made available through the Website; and (g) the defamatory, offensive, or illegal conduct of any third party. This limitation of liability applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, and even if we have been advised of the possibility of such liability and events, circumstances or causes beyond our reasonable control (force majeure). To the extent permitted by applicable law, our total aggregate liability to you for all and any damages, losses or causes of action arising, by reason of or in connection with your use of our Services, shall be limited to $50.
You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising in violation of: (a) your access and use of the Services; (b) your violation of any term or condition of this Agreement, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party’s access and use of the Services with your assistance or using any device or account that you own or control.
Merger Or Acquisition
In the event of a merger, acquisition, reorganization, sale of all or substantially all of its assets, or the sale of an individual website owned by us, we may transfer your personal data to a third party as a part of such merger, acquisition, reorganization, or sale in order to ensure a smooth transition of services relative to your subscription.
Links From Our Site
Our website may contain links to other sites and resources provided by third parties, these links are provided for your information only. We do not have control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them.
No Fiduciary Duty
This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement. You should obtain appropriate professional advice when necessary. It does not take into account your objectives, financial situation or needs.
You agree and acknowledge that you are solely responsible for conducting a full and diligent review of any and all legal, accounting, regulatory or tax-related implications that may result from your use of the Services. We recommend that you consult with a licensed legal and financial professional prior to accessing the Website or using the Services.
User understands and accepts the risks in connection with the use of the Services and/or ownership of WJAX Tokens, including but not limited to the risks set forth hereinafter:
Risk of software weaknesses: The User understands and accepts that there is no warranty with respect to the process for receipt, use and ownership of WJAX Tokens will be uninterrupted or without any error and that there is an inherent risk that the software and related technologies could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of your WJAX Tokens.
Regulatory risk: The User understands and accepts that blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology-based applications, which may be contrary to the current setup of JaxCorp DAO and which may, inter alia, result in substantial modifications of the JaxCorp DAO model, including its termination and the loss of WJAX Tokens.
Risk of abandonment: Users understand and accept that the distribution and the development of the JaxCorp DAO platform may be abandoned for a number of reasons, including lack of interest from the public and lack of funding.
Risk of theft: User understands and accepts that the JaxCorp DAO underlying software or the blockchain network on which WJAX Token is based on, may be exposed to attacks by hackers that could result in theft or loss of Tokens.
We will use our best efforts to resolve any potential disputes through informal, good-faith negotiations. If a potential dispute arises, you must contact us by sending an email to email@example.com so that we can attempt to resolve it without resorting to formal dispute resolution. If we aren’t able to reach an informal resolution within sixty days of your email, then you and we both agree to resolve the potential dispute according to the process set forth below.
Any claim or controversy arising out of or relating to the Service, this Agreement, or any other acts or omissions for which you may contend that we are liable, including (but not limited to) any claim or controversy as to arbitrability (“Dispute”), shall be finally and exclusively settled by arbitration. You understand that you are required to resolve all Disputes by binding arbitration. The arbitration shall be held on a confidential basis before a single arbitrator. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction.
Class Action and Jury Trial Waiver
You must bring any and all Disputes against us in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceedings. This provision applies to class arbitration. You and we both agree to waive the right to demand a trial by jury.
If any provision of this Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any local, state, or federal government agency, such provision will be severed and the remaining provisions of the Terms shall be in force in full. Any provision held invalid first shall be interpreted to accomplish the objectives of the provision to the greatest extent possible under any applicable law and the validity or enforceability of any other provision of this Agreement shall not be affected.
Jurisdiction And Applicable Law
These Terms shall be governed and construed in accordance with the laws of the British Virgin Islands without regard to its conflict of law provisions.
Any claim arising from, or related to, a use of our Website and/or Services will be under the jurisdiction of the BVI Courts.
In order to resolve a complaint regarding the Site or to receive further information regarding use of the Site, please contact us at:
AJ TECHNOLOGIES LTD
Intershore Chambers, P.O. Box 4342, Road Town, Tortola, British Virgin Islands