These Terms of Service (these “Terms”) constitute a legally binding agreement between you (“you”, “your”, or “User”) and the GOAT Network Foundation, its affiliates, and any related entities (collectively, “GOAT Network”, “we”, “us”, or “our”). These Terms govern your participation in any airdrop of $GOATED tokens (the “Tokens”) conducted by GOAT Network (each, an “Airdrop”) and your use of any associated interface, including websites, smart contracts, or software (the “Interface”).
BY ACCESSING THE INTERFACE, PARTICIPATING IN AN AIRDROP, CLAIMING OR RECEIVING TOKENS, OR OTHERWISE INTERACTING WITH THE AIRDROP PROGRAM, 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 OR USE THE INTERFACE. 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 Network may conduct 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 THE GOAT NETWORK ECOSYSTEM DO NOT CREATE ANY CONTRACTUAL RIGHT, PROMISE, OR GUARANTEE THAT YOU WILL RECEIVE AN AIRDROP OR ANY TOKENS. THE DECISION TO CONDUCT AN AIRDROP, THE DETERMINATION OF ELIGIBILITY CRITERIA, AND THE ALLOCATION OF TOKENS ARE AT THE SOLE AND ABSOLUTE DISCRETION OF GOAT NETWORK.
1.3. Official Channels
There is only one Airdrop website for GOAT Network, which is the following:
https://airdrops.goat.network. All official details regarding any Airdrop, including eligibility criteria, snapshot dates, claim periods, and instructions, will be announced only through official GOAT Network channels (e.g., the official website, X/Twitter account, and Discord server) (“Official Channels”). You are solely responsible for monitoring these Official Channels. GOAT Network is not responsible for any misinformation from unofficial sources.
2. Eligibility and User Representations
2.1. Eligibility Criteria
GOAT Network retains the sole and absolute discretion to establish and modify the criteria for participation in any Airdrop (“Eligibility Criteria”). The methodology, parameters, snapshot data, and final determination of eligible participants and their Token allocations are final, non-appealable, and binding.
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 Section 2.3);
(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;
(f)
Any wallet address you provide is your own, and you maintain exclusive control of the private keys associated with it; and
(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.
2.3. Restricted Persons and Jurisdictions
You are prohibited from participating in the Airdrop if you are a “Restricted Person.” A Restricted Person is any person or entity who:
(a)
Is a citizen, resident (tax or otherwise), or green card holder of, or is physically located, incorporated, or has a registered agent in, the United States of America, Canada, the People’s Republic of China, the United Kingdom, Australia, or any other jurisdiction where participation in token airdrops or the receipt, acquisition, or holding of cryptographic tokens is prohibited, restricted, or requires registration or licensing of any kind under applicable law;
(b)
Is a citizen or resident of, or is located in, a geographic area that is subject to comprehensive economic sanctions or embargoes by the United States Office of Foreign Assets Control (OFAC), the United Nations, the European Union, or other relevant authorities, including, without limitation, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine; or
(c)
Is an individual or entity identified on any sanctions list, such as the OFAC Specially Designated Nationals and Blocked Persons List (SDN List), or any other consolidated list of sanctioned parties maintained by a major regulatory body.
2.4. 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. 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 Network treasury or foundation.
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.
(c)
GOAT Network 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 utility tokens intended for use within the GOAT Network ecosystem (e.g., for governance).
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 Network or any third party. Their value, if any, is subject to extreme volatility.
4.3. Assumption of Risk
You expressly acknowledge and assume all risks associated with participating in the Airdrop and with receiving, holding, and using the Tokens. 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.
(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.
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.
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 Network has 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 Interface or the Airdrop.
(d)
Violate any applicable laws, regulations, or the rights of any third party.
6.1. “AS IS” AND “AS AVAILABLE”
THE AIRDROP, THE TOKENS, AND THE INTERFACE ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. TO THE FULLEST EXTENT PERMITTED BY LAW, GOAT NETWORK, ITS AFFILIATES, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AND EMPLOYEES 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 NETWORK DOES NOT WARRANT THAT THE INTERFACE OR THE AIRDROP WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, OR THAT ANY INFORMATION OBTAINED IS ACCURATE OR RELIABLE.
7. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL GOAT NETWORK, ITS AFFILIATES, OR THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS 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, ARISING OUT OF OR RELATING TO YOUR PARTICIPATION IN THE AIRDROP OR YOUR USE OF THE TOKENS OR THE INTERFACE.
IN THE EVENT OF ANY DIRECT DAMAGES, the aggregate liability under these Terms of Use shall be capped at one hundred Cayman Islands Dollars (KYD).
You agree to indemnify, defend, and hold harmless GOAT Network and its officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) 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.
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 this agreement, including any question regarding its breach, existence, validity or termination, or the legal relationships established by this agreement, or any non-contractual claims (whether in tort or otherwise), shall be referred to and finally determined by arbitration in accordance with the Arbitration Rules of the Cayman International Mediation and Arbitration Centre Ltd (“Rules”) in force as at the date of this agreement, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be George Town, Cayman Islands. The language to be used in the arbitral proceedings shall be English. This arbitration agreement shall be governed by and construed in accordance with the law of the Cayman Islands.
9.3. Class Action Waiver
YOU AND GOAT NETWORK AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING.
10.1. Entire Agreement
These Terms constitute the entire agreement between you and GOAT Network regarding the Airdrop and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral.
10.2. 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.
10.3. Termination
GOAT Network reserves the right to modify, suspend, or terminate the Airdrop program or any part thereof at any time, for any reason, with or without notice, and without liability to you.
10.4. 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.
10.5. 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.
10.6. Assignment
You may not assign or transfer any of your rights or obligations under these Terms without our prior written consent. GOAT Network may assign its rights and obligations under these Terms at its sole discretion.
10.7. Contact
For any questions regarding these Terms, please contact us at
Contact@GOAT.network.