These Terms and Conditions are being prepared for buyers of tokens for the SeaShrine sister site, which will operate largely the same as SeaShrine except for Aptos NFTs. The token will act in the same way the Founding Member pass functions on EbsisuBay, which will give a discount on fees and staking in fee rewards pool.
MEMBERSHIP TOKEN TERMS AND CONDITIONS
1.0 membership Token Background
SeaShrine.io (“Sea Shrine” or “Sea Shrine”) is a marketplace for NFTs built on the Aptos blockchain. The developers of SEA SHRINE saw a demand for a safe place for buyers and sellers of Aptos NFTs and to support the developers of those NFTs grow their projects through secondary sales.
SEA SHRINE wants to provide a way for early adopters to take advantage of their early adopter status, and to do that SEA SHRINE will be selling utility tokens (“Founders Tokens”) which will give them lifelong access and benefits on the SEA SHRINE marketplace. The total supply of Founders Tokens is capped at 10,000 and will have an initial mint price of $200.
These Terms and Conditions (“Terms”) apply to the purchase and use of the Founders Tokens. By purchasing or using the Founders Token, you agree to be bound by all the terms and conditions contained in these Terms and any and all rules, guidelines, and directions found throughout SEA SHRINE’s website and marketplace.
2.0 Founders Token Benefits
Like most NFT marketplaces, SEA SHRINE collects a service fee whenever an item is sold on its marketplace. This money and taken from the seller’s share of the final sale price. However, SEA SHRINE will only collect ½ the normal royalty for any item sold from a wallet which also holds a Founders Token, which means each sale by a Founders Token holder results in more money from that sale going directly to the Founders Token holder.
Additionally, Founders Token holders will be able to stake their Founders Token in the Sea Shrine rewards pool. 20% of all service fees will be transferred to the rewards pool and split amongst stakers. Furthermore 20,000 Sea Shrine tokens will also be distributed to VIP holders during the token generation event.
3.0 Intended Purpose and Use of Tokens
Founders Tokens are intended to serve as utility tokens on the SEA SHRINE platform, and are not intended to be used as an investment.
By purchasing or otherwise acquiring the Founders Token, you acknowledge that the Founders Token will not represent or confer any ownership right or stake, share, equity or security or equivalent rights, or any right to receive future revenue shares or voting rights in SEA SHRINE or in any of its affiliates or any rights in the intellectual property of SEA SHRINE or of any of its affiliates. Acquiring Tokens shall not grant any right or influence over SEA SHRINE or any of its affiliates’ organization and governance to the purchaser, other than rights laid out in these terms.
The Founders Token is not intended to be and will not be a representation of fiat money (including electronic money), security, commodity, financial instrument, bond, debt instrument or any other kind of financial instrument or investment. Protections offered by the applicable law in relation to the purchase and sale of the aforementioned financial instruments or investments do not apply to the purchase and sale of the Founders Tokens. Founders Tokens should not be acquired in any case or circumstance for speculative or investment purposes with the expectation of making a profit on immediate resale or otherwise.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE EXPRESSLY SPECIFIED IN WRITING BY SEA SHRINE, (A) THE FOUNDERS TOKENS ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND EXCEPT FOR THOSE SET FORTH IN THESE TERMS, AND SEA SHRINE EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES AS TO THE FOUNDERS TOKENS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE; AND (B) SEA SHRINE DOES NOT REPRESENT OR WARRANT THAT THE TOKENS ARE RELIABLE, CURRENT, OR ERROR-FREE, THAT THEY MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE FOUNDERS TOKENS WILL BE CORRECTED.
5.0 SEA SHRINE Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW: (A) UNDER NO CIRCUMSTANCES WILL EITHER PARTY TO THESE TERMS OR ANY OF ITS FOUNDERS, OFFICERS, DIRECTORS, AGENTS, AFFILIATES OF ANY KIND, EMPLOYEES OR SUPPLIERS (COLLECTIVELY, “AFFILIATED PARTIES”), BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR EXEMPLARY LOSS OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, LOSS OF REPUTATION, LOSS OF REVENUE, INCOME OR PROFITS, LOSS OF USE OR DATA, OR DAMAGES FOR BUSINESS INTERRUPTION) TO ANOTHER PARTY THAT ARE ARISING OUT OF OR IN ANY WAY RELATED TO THE PURCHASE, SALE OR USE OF THE FOUNDERS TOKENS OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE CAUSE OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE BASIS (EVEN IF A PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES AND REGARDLESS OF WHETHER SUCH LOSSES WERE FORESEEABLE); AND (B) UNDER NO CIRCUMSTANCES WILL THE AGGREGATE LIABILITY OF ANY PARTY TO THESE TERMS OR ITS RESPECTIVE AFFILIATED PARTIES WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER LEGAL OR EQUITABLE BASIS, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE THE FOUNDERS TOKENS, EXCEED THE MINT PRICE OF THE FOUNDERS TOKEN.
6.1 Amendment; Waiver. SEA SHRINE reserves the right to change or otherwise amend these Terms. Any failure or delay by SEA SHRINE to exercise or enforce any right or provision of these Terms will not constitute or be deemed a waiver of future exercise or enforcement of such right or provision.
6.2 Assignment. SEA SHRINE may in its sole and absolute discretion assign its rights, obligations, and interests under these Terms.
6.3 Governing Law; Venue. To the fullest extent permitted by law, these Terms and any claim or dispute arising from these Terms will be governed by and construed in accordance with the State of Missouri, without regard to its choice of law provisions. Any claim or dispute arising out of or relating to the Founders Token or these Terms shall be subject to the exclusive jurisdiction of state or federal courts in St. Louis, Missouri and you hereby consent and submit to the personal jurisdiction of such courts.
6.4 Severability. Should any part of these Terms be held invalid, illegal, void or unenforceable, that portion will deemed severed from these Terms and will not affect the validity or enforceability of the remaining provisions of these Terms.
For more information about the Founders Token, please contact us by e-mail at email@example.com or by mail using the details provided below:
ATTN: Founders Token General Support Department
3514 Clinton Pkwy Ste A #421
Lawrence, KS 66047