These GOAT Airdrop Terms of Service (these “Terms”) constitute a legally binding agreement between you (“you”, “your”, or “user”) and GOAT Foundation, an exempted limited guarantee Cayman Island foundation, its affiliates, and any related entities (collectively, “GOAT”, “we”, “us”, or “our”). These Terms, in addition to the GOAT Terms of Use (the “Terms of Use”) and GOAT Privacy Policy, which are incorporated by reference, govern your participation in any airdrop conducted by GOAT network (each, an “Airdrop”) of $GOATED tokens used on the GOAT network (the “Tokens”).
BY PARTICIPATING IN AN AIRDROP, CLAIMING OR RECEIVING TOKENS, OR OTHERWISE INTERACTING WITH THE AIRDROP, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS IN THEIR ENTIRETY. IF YOU DO NOT AGREE TO THESE TERMS, YOU ARE NOT AUTHORIZED TO PARTICIPATE IN THE AIRDROP.
GOAT DOES NOT PROVIDE ANY RECOMMENDATION OR ADVICE WITH RESPECT TO THE AIRDROP OR RECEIPT OF THE TOKENS. ANY PARTICIPATION IN THE AIRDROP AND ANY RECEIPT OF TOKENS IS SOLELY AT YOUR OWN RISK AND IT IS YOUR SOLE RESPONSIBILITY TO SEEK APPROPRIATE LEGAL, TAX, FINANCIAL OR OTHER PROFESSIONAL ADVICE WITH RESPECT TO THE AIRDROP AND ANY RECEIPT OF THE TOKENS PRIOR TO PARTICIPATING IN THE AIRDROP AND BEFORE RECEIVING ANY TOKENS.
PLEASE READ THESE TERMS CAREFULLY. THEY INCLUDE A BINDING ARBITRATION CLAUSE AND A CLASS ACTION WAIVER IN SECTION 9, WHICH AFFECT YOUR LEGAL RIGHTS.
1.1. Nature of the Program
The Airdrop is a discretionary rewards program designed to distribute Tokens to community members who meet certain criteria. GOAT may coordinate one or more Airdrops at its sole discretion.
1.2. No Promise or Guarantee
YOUR PAST, PRESENT, OR FUTURE ON-CHAIN OR OFF-CHAIN ACTIVITIES RELATED TO GOAT DO NOT CREATE ANY CONTRACTUAL RIGHT, PROMISE, OR GUARANTEE THAT YOU WILL RECEIVE AN AIRDROP OR ANY TOKENS. GOAT RESERVES THE RIGHT TO CANCEL ITS COORDINATION OF ANY AIRDROP AT ANY TIME IN ITS SOLE AND ABSOLUTE DISCRETION AND WITHOUT PRIOR NOTICE, ANY LIABILITY, OR FURTHER OBLIGATIONS OF ANY KIND WHATSOEVER TO YOU OR ANY OTHER PARTY, IN THE EVENT GOAT FINDS IN ITS SOLE DISCRETION SUCH MEASURES TO BE NECESSARY IN A PARTICULAR SITUATION.
1.3. Official Channels
All official details regarding any Airdrop, including eligibility criteria, snapshot dates, claim periods, and instructions, will be announced only through official GOAT channels (e.g., the official website at
https://airdrops.goat.network, X/Twitter account, and Discord server) (“
Official Channels”). You must follow the instructions set forth in any Airdrop announcement and/or such other instructions as may be provided by us from time to time on the Official Channels. You are solely responsible for monitoring these Official Channels. GOAT is not responsible for any misinformation from unofficial sources.
2. Eligibility and User Representations
2.1. Eligibility Criteria
GOAT retains the sole and absolute discretion to establish and modify the criteria for participation in any Airdrop that it coordinates (“Eligibility Criteria”). The methodology, parameters, snapshot data, and final determination of eligible participants and their Token allocations are final, non-appealable, and binding. GOAT reserves the sole and absolute right to disqualify any potential participants it deems ineligible for an Airdrop, whether under these Terms or by having determined that such potential participants engaged in conduct that GOAT considers harmful, unlawful, inappropriate, or unacceptable. GOAT has no obligation to notify any actual or potential participants of the eligibility criteria for any Airdrop prior to, during, or after claims for the Airdrop are opened or the Tokens are distributed or received.
2.2. User Representations and Warranties
By participating in the Airdrop, you represent and warrant that:
(a)
You are at least eighteen (18) years of age or the age of legal majority in your jurisdiction, whichever is greater;
(b)
You have the full legal capacity, right, and authority to enter into and be bound by these Terms;
(c)
You are not a Restricted Person (as defined in the Terms of Use);
(d)
You will comply with all applicable laws, rules, and regulations in your jurisdiction in connection with your participation;
(e)
You understand the risks associated with blockchain technology, cryptographic tokens, and smart contracts; including that the cost and speed of transacting with the Tokens are variable and may increase or decrease at any time;
(f)
Any wallet address you provide is your own, and you maintain exclusive control of the private keys associated with it;
(g)
You have not and will not use a Virtual Private Network (VPN) or any other tool to circumvent any geographic restrictions or eligibility requirements;
(h)
Your participation in the Airdrop does not require or involve any form of purchase from us, or any payment or tangible consideration to us;
(i)
You are solely responsible for any gas fees and taxes resulting from your participation in the Airdrop;
(j)
All information provided by you during the Airdrop process is true, accurate, and complete; and
(k)
You have sufficient understanding of blockchain technology and a working knowledge of the use, storage, and features of digital assets.
2.3. Verification
We reserve the right, at any time, to implement verification procedures, including Know Your Customer (“KYC”) and anti-money laundering (“AML”) checks, to confirm your eligibility and compliance with these Terms. We further reserve the right, in our sole discretion, to employ risk-based screening systems or geo-location/proxy detection tools to block access for users in restricted regions, and to take all such additional steps as we deem necessary or appropriate to verify the identity and eligibility of any person. Failure to comply with any such request may result in your disqualification from the Airdrop.
3.1. Claim Period
Each Airdrop will have a designated claim period announced through Official Channels. If you are eligible but fail to claim your allocated Tokens within this period, your allocation will be irrevocably forfeited. You will have no further right or claim to such Tokens. Unclaimed Tokens will be returned to the GOAT treasury.
3.2. Wallet Security
(a)
You are solely responsible for providing a correct, compatible, and secure wallet address (“Claim Address”) and for maintaining the security of your wallet, private keys, and any other credentials.
(b)
DO NOT provide a wallet address from a centralized exchange or any custodial service unless explicitly permitted by such service. You must control the private keys to the Claim Address. GOAT has no ability to help you access or recover your private keys.
(c)
GOAT is not responsible and shall have no liability for any loss of Tokens resulting from an incorrect, lost, compromised, or incompatible wallet address provided by you, or from any security breach of your wallet. Token transfers are final and irreversible.
4. Nature of the Tokens and Assumption of Risk
4.1. No Offer of Securities or Investment
The Tokens are not intended to constitute securities, investments, or financial instruments in any jurisdiction. These Terms and the Airdrop do not constitute a prospectus or offer document of any sort and are not an offer to sell or a solicitation of an offer to buy any security or investment product. The Tokens are intended, among other things, for use within the GOAT network. You acknowledge and agree that you (i) were not promised any Tokens (or any other similar cryptographic tokens) from us (whether via Airdrop or otherwise), and (ii) took no action in anticipation of, or in reliance on, receiving the Tokens (or any other similar cryptographic tokens) from us, the occurrence of the Airdrop, or potential participation in the Airdrop.
4.2. No Intrinsic Value; No Expectation of Profit
You acknowledge that the Tokens are distributed free of charge (excluding any network transaction fees you may incur) and may have no monetary or intrinsic value. You are not receiving Tokens with any expectation of profits from the efforts of GOAT or any third party. Their value, if any, is subject to extreme volatility. You acknowledge and accept the risk that the Tokens may have no value or lose some or all of their value at any time.
4.3. Assumption of Risk
You expressly, knowingly, and voluntarily acknowledge and assume all risks associated with participating in the Airdrop and with receiving, holding, and using the Tokens. You further acknowledge that GOAT and its agents or representatives are not responsible for any of these risks and cannot be held liable for any resulting losses that you experience, including losses while participating in the Airdrop. These risks include, but are not limited to:
(a)
Market and Volatility Risk: The risk of total loss of value. The market for cryptographic tokens is highly volatile and may not be sustainable.
(b)
Technical Risk: The risk of smart contract vulnerabilities, software bugs, network failures, or cryptographic weaknesses that could result in the total loss of your Tokens.
(c)
Regulatory Risk: The risk that the regulatory landscape governing blockchain technologies, cryptocurrencies, and tokens may change, adversely impacting the utility, legality, or value of the Tokens.
(d)
Security Risk: The risk of loss due to compromised private keys, wallet hacks, or other security failures on your part.
(e)
Fork Risk: The risk that the underlying blockchain may fork, leading to uncertainty or loss of value.
(f)
Irreversability: Since blockchain transactions cannot be reversed, an error, fraud, or theft could cause you to lose your Tokens permanently, without any way to recover them.
(g)
Regulated Financial Instrument Risk: The legal status of cryptographic tokens is uncertain and may change over time, and some cryptographic tokens could be treated as regulated securities, which could impose regulatory obligations.
(h)
Third-Party Illegal Activity Risk: The Tokens could be misused for illegal activities, which may trigger regulatory actions or legal claims that harm GOAT and Tokens’ holders.
(i)
Tax Treatment Risk: The taxation of cryptographic tokens is uncertain and it is unclear what guidance may be issued in the future on the treatment of digital asset transactions for tax purposes.
(j)
Fraudulent Website Risk: Fraudulent websites, messages, or social media accounts impersonating GOAT may try to steal Tokens.
(k)
Unanticipated Risks: Cryptographic tokens and blockchain technologies are new technologies that involve risks we may not be able to anticipate.
(l)
Functionality Risk: The Tokens may not function as intended, including as described on any Official Channels, or may fail to generate sufficient interest to be viable or functional.
(m)
Immutability Risk: Smart contracts are immutable once deployed, and they cannot be upgraded, patched, or otherwise modified in case of any defects that may arise.
(n)
Broader Security Risk: The Tokens may be affected by network-level attack, custodian or third-party provider failure, or broader industry security breaches.
(o)
Third-Party Information Risk: You may not always receive complete or timely information about the development of third-party applications and integrations related to the Tokens.
(p)
Governance and Control Risk: The Token ecosystem may be governed collectively by token holders and third parties, and decisions by such participants could be to your detriment.
5. User Obligations and Covenants
5.1. Compliance with Laws
You are solely responsible for ensuring that your participation in the Airdrop is compliant with all applicable laws and regulations in your jurisdiction. It is your responsibility to seek independent legal, tax, financial, or other professional advice before engaging in the Airdrop or accepting any Tokens.
5.2. Taxes
You are solely responsible for determining and fulfilling any and all tax obligations (including reporting and payment) arising from your receipt, ownership, or transfer of the Tokens. GOAT, its agents, or representatives have no obligation to report, withhold, or advise on any taxes on your behalf.
5.3. Prohibited Conduct
You agree not to:
(a)
Engage in any Sybil attack, use automated scripts or bots, or employ any other means to manipulate the Eligibility Criteria or claim process.
(b)
Provide false, inaccurate, or misleading information.
(c)
Interfere with or disrupt the integrity or performance of the Airdrop.
(d)
Violate any applicable laws, regulations, or the rights of any third party.
(e)
Knowingly sell, assign, or transfer (i) control of your digital wallet used to participate in the Airdrop, or (ii) any Tokens that you claim or receive in connection with the Airdrop, to any third party who is a Restricted Person (as defined in the Terms of Use) or otherwise not eligible or permitted to participate in the Airdrop or to claim, receive, or hold Tokens. Without limiting the generality of the foregoing, you shall not assist, directly or indirectly, any third party in circumventing any lock-up period, transfer restrictions, or any other restriction with respect to the custody, transfer, distribution, sale, or other exploitation of the Tokens.
5.4. Third-party products or services
You acknowledge and agree that claiming the Airdrop may require interaction with, or integration with, third-party products or services (e.g., a wallet, network, or blockchain) that we do not control. In the event you are unable to access such products, services, or integrations, or if they fail for any reason and you are unable to participate in the Airdrop or claim Tokens as a result, you will have no recourse or claim against us, and we will bear no responsibility or liability to you. You further acknowledge that when using any such third-party products or services, your use will be governed by their applicable terms and policies.
6.1. “AS IS” AND “AS AVAILABLE”
THE AIRDROP AND THE TOKENS ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. TO THE FULLEST EXTENT PERMITTED BY LAW, GOAT, AND THEIR RESPECTIVE AGENTS AND REPRESENTATIVES DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
6.2. NO WARRANTIES
GOAT DOES NOT WARRANT THAT THE AIRDROP WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR THAT ANY INFORMATION OBTAINED IS ACCURATE OR RELIABLE.
6.3. NO PROFESSIONAL ADVICE
All information provided on the Official Channels, through the Airdrop, or otherwise provided by GOAT is for informational purposes only and is not 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 Official Channels. Before you make any financial, legal, tax, or other decisions with respect to the Airdrop, you should seek independent, professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate.
6.4. NO FIDUCIARY DUTIES
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 agree that the only duties and obligations that we owe you are those set out expressly in these Terms.
7. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL GOAT, OR THEIR RESPECTIVE AGENTS OR REPRESENTATIVES BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES (EVEN IF BEING ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), ARISING OUT OF OR RELATING TO YOUR PARTICIPATION IN THE AIRDROP OR YOUR USE OF THE TOKENS, INCLUDING YOUR INTERACTIONS WITH OTHER USERS OR ANY USER’S ACTIONS OR INACTIONS.
IN THE EVENT OF ANY DIRECT DAMAGES, the aggregate liability under these Terms shall be capped at one hundred Cayman Islands Dollars (KYD 100).
You agree to indemnify, defend, and hold harmless GOAT, and their respective agents and representative from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees and fines and penalties imposed by any applicable regulatory authority) arising from or in any way related to: (a) your breach of these Terms; (b) your participation in the Airdrop; or (c) your violation of any applicable law or the rights of any third party.
Your obligations under this indemnification provision will continue after these Terms have expired or been terminated.
9. Governing Law and Dispute Resolution
9.1. Governing Law
These Terms shall be governed by and construed in accordance with the laws of the Cayman Islands, without regard to its conflict of law principles.
9.2. Dispute Resolution; Binding Arbitration
Any dispute, controversy or claim arising out of or relating to these Terms, including any question regarding its breach, existence, validity or termination, or the legal relationships established by these Terms, or any non-contractual claims (whether in tort or otherwise), shall be governed by the Dispute Resolution provision in the Terms of Use.
10. Intellectual Property
10.1. No License
Your participation (if at all) in an Airdrop does not confer any license, whether express or implied, in any intellectual property related to GOAT or the Tokens.
11.1. Entire Agreement
These Terms, GOAT Terms of Use, and GOAT Privacy Policy constitute the entire agreement between you and GOAT regarding the Airdrop and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral.
11.2. Modifications
We reserve the right to modify these Terms at our sole discretion. If we make changes, we will notify you by updating the “Last Updated” date at the top of these Terms. Your continued participation in the Airdrop following such a change will constitute your acceptance of the revised Terms.
11.3. Termination
GOAT reserves the right to modify, suspend, or terminate the Airdrop or any part thereof at any time, for any reason, with or without notice, and without liability to you.
11.4. Severability
If any provision of these Terms is held to be invalid, illegal, or unenforceable, such provision will be enforced to the fullest extent permissible, and the remaining provisions will remain in full force and effect.
11.5. No Waiver
Our failure to exercise or enforce any right or provision of these Terms will not constitute a waiver of such right or provision.
11.6. Assignment
You may not assign or transfer any of your rights or obligations under these Terms without our prior written consent. GOAT may assign its rights and obligations under these Terms at its sole discretion.
11.7. Contact
For any questions regarding these Terms, please contact us at
Contact@GOAT.network.
