🎗️Token Minting Terms

$ePHIAT & $PHIAT

This document serves as a disclaimer and terms for the act of minting the tokens. Before participating in the token minting process, please take the time to read and understand the following important points. "Tokens" mentioned below would be referring to $ePhiat on ETH mainnet and $Phiat on PulseChain mainnet.

No Public or Private Sale

It is important to note that there is no public or private sale of the tokens ever. The tokens are mintable by those community members in recognition of their free speech via past on-chain activities. If you are not eligible to participate in the minting process, please do not attempt to do so.

No Token Value

Furthermore, it is important to note that the tokens have no inherent value. Token minting is not an investment opportunity. Instead, the minting process serves as a means to create a digital asset that can be used within a specific ecosystem. Phiat protocol is a fork of Aave v2 and was completed in early 2022. It has been live & fully functioning on PulseChain testnet v2 since then. ePhiat are the ETH version of the protocol. There should be no expectation of any economic return or other benefits by minting the tokens. Any further token price move and staking activities would be pure community & market activities.

Restrictions on Participation

Please note that United States citizens and OFAC-sanctioned citizens are not expected to participate in token minting. The laws and regulations surrounding digital assets in the United States are complex and constantly evolving. As such, we cannot guarantee the legality or compliance of minting this token for individuals residing within the United States. It is your responsibility to ensure that you are eligible to participate in the minting process. We have also conducted a crosschecking against OFAC sanction address list & some community maintained blacklist and have found none of our community addresses is included. We reserve the right to do this regularly on an ongoing basis.

Decentralization

The protocol and token contracts are fully decentralized on blockchain(s), and front-end pages are hosted on peer-to-peer IPFS network. The tokens supply are also exceedingly decentralized for both $PHIAT and $ePhhiat. No one is controlling protocol back-end, front-end or majority of any token supply. As a result, the community members who participate in the minting process bear the sole responsibility for the outcomes of their actions.

Phiat Team Responsibility

Finally, the Phiat team are community members who are only responsible for software development but not any financial liability. The team will not be held liable for any issues that arise due to community members' actions. If you choose to participate in the minting process & use of the dapp, you do so at your own risk. Phiat decentralized protocol is not (cannot be) owned or managed by anyone.

Thank you for taking the time to read this document. We highly recommend that all potential token minters seek legal counsel before participating in the minting process.