# Basic.Space Token Terms of Use

## Introduction
PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING OUR SITE AND TOKENS. These Terms of Use (these “Terms”) govern your use and access of our website (https://basic.space), and the services operated by or on behalf of Basic Space, Inc. and our affiliates (our “Site”), and your receipt, transfer, and/or use of Basic ERC-20 tokens (“Tokens”).

BY USING OUR SITE, YOU AGREE TO BE BOUND BY AND TO COMPLY WITH THESE TERMS IN THEIR ENTIRETY. YOU FURTHER AGREE TO RECEIVE REQUIRED NOTICES AND TO TRANSACT WITH US ELECTRONICALLY. BY AGREEING TO THESE TERMS, YOU CERTIFY THAT YOU ARE AT LEAST 18 YEARS OF AGE. IF YOU DO NOT AGREE TO THESE TERMS, YOU MUST NOT ACCESS OR USE THE SITE OR THE TOKENS. OUR SITE IS PROVIDED FOR YOUR PERSONAL, LAWFUL, NON-COMMERCIAL USE ONLY.

WE RESERVE THE RIGHT TO MODIFY THESE TERMS AT ANY TIME. BY CONTINUING TO ACCESS OUR SITE OR CONTINUING TO USE TOKENS, YOU AGREE TO BE BOUND BY THE TERMS OF THESE TERMS IN EFFECT AT THE TIME. IF YOU DO NOT AGREE TO BE BOUND BY THESE TERMS, PLEASE PROMPTLY LEAVE OUR SITE.

## Account Creation And Linking Your Wallet
We may issue Tokens to you through an account on our site and/or provide a wallet or application you may use in connection with your Tokens. You acknowledge and agree that the use of any such account, wallet, or application is subject these Terms in their entirety, and any additional terms we may require you to agree to in advance of using the account, wallet, or application. We may also enable you to use a third-party wallet (e.g., Metamask) in connection with the Tokens and/or our Site. You understand and agree that you are solely responsible for maintaining the security of your wallet and your control over any wallet-related authentication credentials, private or public cryptocurrency keys, non-fungible tokens or cryptocurrencies that are stored in or are accessible through your wallet. Any unauthorized access to your cryptocurrency wallet by third parties could result in the loss or theft of Tokens and/or funds held in your wallet, including any linked financial information such as bank account(s) or credit card(s). We are not responsible for managing and maintaining the security of your cryptocurrency wallet nor for any unauthorized access to or use of your cryptocurrency wallet. We are also not responsible for replacing or restoring any lost or stolen Tokens, funds, or other content. If you notice any unauthorized or suspicious activity in your cryptocurrency wallet that seems to be related to this Site, please notify us immediately.

To access certain functions and applications on our Site, including receiving Tokens, you may be required to register an account with us or with a third party. All Tokens are stored on and accessible through the Ethereum blockchain or other blockchain. When you connect your cryptocurrency wallet to our Site using a third-party service provider, you accept and agree to be bound and abide by these Terms, the terms of any applicable third-party token marketplace, the terms of the applicable cryptocurrency wallet service provider, and all the terms incorporated herein by reference.

## Receiving And Transferring Tokens
By submitting your Ethereum wallet address to the Site, you agree that you are submitting a binding offer to receive Tokens. You agree and understand that submitting your Ethereum wallet address on the Site does not guarantee that you will be able to receive Tokens. You further agree to be subject to any and all lock-up periods or other transfer restrictions imposed on the Tokens by Basic Space.

When you receive, buy, or sell, or otherwise transfer Tokens on this Site or on a third-party exchange or marketplace, or otherwise, you agree to pay all applicable fees, including Ethereum gas fees, associated with the transaction. Without limiting the generality of the foregoing, you agree and understand that you will be unable to transfer Tokens unless you pay all associated Ethereum gas fees required for the transaction, and that we bear no responsibility for paying any such fees on your behalf. No refunds are permitted except with respect to any statutory warranties or guarantees that cannot be excluded or limited by law. If you sell or otherwise transfer your Tokens through our Site, then our Site serves only as a facilitator for your transaction, and we are not a party to any agreement between you and the transferee.

We are not liable for the destruction, deletion, modification, impairment, hacking of, or any resulting damage or loss caused to Tokens in any circumstance. Transactions in Tokens may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. Some Tokens shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that you initiated the transaction.

You agree and understand that you access and use this Site and your purchase, sale, and ownership of Tokens are at your own risk; however, this brief statement does not disclose all the risks associated with Tokens. You agree and understand that we will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using Tokens.

## Using Your Tokens
When you receive Tokens, you are entitled to the benefits specified from time to time by Basic Space, Inc. and its affiliates associated with the different levels of Token ownership, which may include access to in-person or virtual events, drops, and other experiences (“Perks”) related to the goods and services provided through the Basic.Space platform. If your use of Tokens involves attending an in-person event, you are solely responsible for all costs associated with your attendance at the event (including transportation and lodging). Attendance at events is limited and we reserve the right to deny attendance to any person at any time for any or no reason. You agree your purchase of Tokens does not give you any claim, right, title, proprietary or ownership interest in the Perk and Perks do not have any cash, real-world, or intrinsic value. Perks are not eligible for substitution with other goods or services or redeemable for money and do not have any equivalent value in real-world currency. We shall at no time be liable or responsible in any way whatsoever for any loss, injury, or damage caused or arising in connection with your use or redemption of a Perk. We reserve the right to accept, retain, decline, or cancel any event reservation, any feature or component of a Perk, or your use of a Perk at any time and for any reason. In addition, we reserve the right to cancel or modify an event reservation at any time. We may modify, change substitute, replace, suspend, terminate, or cancel, or eliminate any Perk in our sole discretion and without prior notice or liability to you.

## Taxes
You acknowledge that you are solely responsible for determining and paying all applicable taxes (“Taxes”), including U.S. federal and applicable state and local taxes, that you may owe as the result of your receiving or transferring Tokens. You represent that you are an individual who is a United States person for U.S. federal income tax purposes (generally, a U.S. citizen or resident alien) and that you reside at an address in a State within the United States. You agree, promptly upon our request, to provide to us a properly executed Internal Revenue Service Form W-9, or any other tax form that we determine is required for us to comply with applicable tax reporting obligations, as a condition of the receipt of Tokens.

## Value of Tokens
The price and liquidity of blockchain assets, including Tokens (to the extent we provide for Tokens to be liquidated) and any cryptocurrency used to purchase or otherwise associated with the transfer of Tokens, are extremely volatile and may be subject to large fluctuations. Fluctuations in the price of other digital assets could materially and adversely affect Tokens, which may also be subject to significant price volatility. Further, legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of Tokens. Tokens are not legal tender and are not backed by any government. The value of Tokens may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for Tokens, which may result in the potential for permanent and total loss of value of a Token should the market for that Token disappear. You agree and understand that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these risks for yourself, and that we do not give advice or recommendations regarding Tokens, including their tax consequences or value. We reserve the right to sell Tokens in the future, to burn tokens, or to impose or remove a cap on the total number of Tokens that can be issued.

## Changes To These Terms
We reserve the right to discontinue or change any content, service, function, or feature at any time with or without notice. We may also change these Terms at any time. You can review the most current version of these Terms by clicking on our Site’s Terms of Use link. If you continue using our Site after we make changes to these Terms, your use signifies your acceptance of our new terms. You are responsible for checking these terms periodically for any changes. These Terms, as amended, supersedes all previous notices or statements regarding our Site.

## Third-Party Websites
We may include hyperlinks to, and your use of Tokens may involve, websites and services controlled by third parties. You agree that we are not responsible or liable for any content or claims or other materials on such third-party sites. You also agree that we are not responsible for any transactions or dealings between you and any third-party, nor are we responsible for any claim or loss due to a third-party site.