1. Introduction
Welcome to the Incentiv testnet (the “Testnet”, “Incentiv Testnet”) made available by Incentiv.
2. Agreement to Terms
By accessing and using the Testnet, you (“User”) agree to comply with and be bound by these Terms and Conditions (“Agreement” or “Terms”) and to our Privacy Policy as published on https://incentiv.net (the “Privacy Policy”) and any other agreements or terms as set forth by the Incentiv. These Terms constitute a binding obligation between you and Incentiv. If you do not agree, you should not participate in the Testnet.
The Agreement applies to your access to and use of the websites, platform, software, technologies, features, and other online products and services (collectively, the “Services”) provided or made available by Incentiv.
YOUR PARTICIPATION IN THE TESTNET IS ENTIRELY VOLUNTARY. IF YOU ARE PARTICIPATING IN THE TESTNET, YOU MUST STRICTLY ADHERE TO THESE TERMS.
3. Purpose of the Testnet
The Testnet is an experimental environment designed for testing the functionality, security, and performance of the Incentiv Blockchain, its applications, features, capabilities and ecosystem, as applicable. It may be subject to frequent updates, modifications, and resets. ALL TOKENS USED ON THE TESTNET ARE FOR TESTING PURPOSES ONLY AND HAVE NO REAL-WORLD VALUE.
The Testnet is designed to improve the operational experience, security, and design of the Protocol Mainnet (“Mainnet”) and to expose potential issues and to improve participant experiences prior to the Mainnet launch of the Protocol.
4. Eligibility
By participating in the Testnet, you represent and warrant that:
- You are at least 18 years old or the legal age in your jurisdiction.
- You have the full authority to accept these terms.
- You are not the subject of sanctions administered or enforced by any country or government or otherwise designated on any list of prohibited or restricted parties (including but not limited to the lists maintained by the United Nations Security Council, the U.S. Government (including but not limited to the Office of Foreign Assets Control), the European Union or its Member States, or other applicable government authority) or a citizen or organized or resident in a country or territory that is the subject of country-wide or territory-wide sanctions (including without limitation Cuba, Democratic People’s Republic of Korea, the Crimea, Donetsk, and Luhansk regions, Russian Federation, Republic of Belarus, Iran or Syria);
- You are not barred from participating under any applicable laws, statutes, ordinances, rules, regulations, judgments, injunctions, orders and decrees (“Applicable Laws”);
- You will not use a virtual private network (VPN) or other tool to circumvent any geo block or other restrictions that we may have implemented for participants in the Testnet;
5. Duration of the Testnet
The Testnet will commence on the date prescribed by Incentiv and will continue until terminated by Incentiv in its sole discretion (“Testnet Period”). Notwithstanding any other information provided by Incentiv regarding the Testnet including on its website, blog posts or through other communications (including but not limited to Telegram, Discord, X (formerly Twitter), Reddit or other channels), Incentiv may change, discontinue, or terminate, temporarily or permanently, all or any part of Testnet, at any time and without notice, at its sole discretion, including prior to providing any Rewards – (collectively, “Rewards”) if applicable.
6. No Financial or any Real-World Value of Tokens
Tokens made available on or through the Testnet (“Testnet Tokens”) do not represent actual assets, are not redeemable for any currency, have no financial value nor any other value. Testnet Tokens shall never convert to or accrue to become Protocol Mainnet Tokens or any other tokens, virtual assets or any other form of value. Testnet Tokens do not constitute any currency or property of any type and are not redeemable, refundable, or eligible for any fiat or virtual currency or anything else of value. Testnet Tokens are not transferable outside of the Testnet, and you may not attempt to sell, trade, or transfer any Testnet Tokens outside of the Testnet, or obtain any manner of credit using any Testnet Tokens. Any attempt to sell, trade, or transfer any Testnet Tokens outside of the Testnet will be null and void.
7. Incentiv may, in its sole discretion, decide to delete, wipe or otherwise remove the Testnet or the Testnet Tokens at any time without notice, including, without limitation, the modification of the presence, amounts, or any other conditions applicable to the Testnet Tokens, without any liability to you or other Testnet users. Incentiv does not guarantee that Testnet Tokens will continue to be offered for a specific length of time and you may not rely upon the continued availability of any Testnet Tokens. If the Testnet expires or terminates, you acknowledge and agree that your access to and use of your Testnet Tokens will be removed, and all accrued Testnet Tokens will be deleted from the Testnet system. Testnet Tokens will not be converted into any future Rewards offered by Incentiv.
8. No Guarantees and Disclaimers
- The Testnet is provided “as is” and “as available” without any warranties.
- The Testnet may experience failures, downtime or security vulnerabilities.
- The developers of Incentiv are not liable for any losses, damages, or disruptions resulting from the use of the Testnet.
9. Prohibited Activities
Users must not:
- Exploit vulnerabilities, bugs, or security flaws for malicious purposes.
- Use the Testnet for illegal, fraudulent, or unauthorized purposes.
- Attempt to exchange, sell, or monetize Test Tokens.
- Attempt to exchange, sell, buy or transfer any other tokens into the Testnet or any wallet created on the Incentiv Testnet. Such activity is most likely to result in a permanent loss of the transferred assets.
10. Data Collection and Privacy
By using the Testnet, you acknowledge and agree that certain data, such as transaction records and technical logs, may be collected for analysis and improvement of Incentiv.
In our efforts to provide helpful resources, we may include links to third-party service providers on our website or through the Testnet. Please be aware of the following:
- No Endorsement: We do not endorse or make any representations about these third-party services. The inclusion of any link does not imply our approval or recommendation.
- User Responsibility: It is the user’s responsibility to review and understand the privacy policies and terms of service of any third-party provider before engaging with their services. We encourage you to read these policies to understand how your personal information may be collected, used, and shared.
- Limited Control: We have no control over the practices or performance of these third-party services and cannot be held liable for any consequences arising from your use of them, including but not limited to any performance issues, service outages, or data breaches. Any interactions you have with these providers are solely between you and the provider, and we are not responsible for any issues that may arise.
11. By using our website and engaging with the linked services, you acknowledge that you have read and understood this disclaimer.
12. Changes to the Agreement and Privacy Policy
Incentiv may update this Agreement and its Privacy Policy at any time, at its sole discretion. If it does so, Incentiv will be deemed to have delivered a notice of such update to you if it: (i) has posted the updated Agreement or Privacy Policy at the website address where the Agreement or Privacy Policy, as applicable, were originally posted; or (ii) has posted the updated Agreement or Privacy Policy on its website, or on any applicable blog or forum used by Incentiv for sharing of information; or (iii) has delivered notice of such update to you through other form of communication. You agree to check the foregoing sources regularly for updates and review any and all updates to the Agreement and the Privacy Policy. If you continue to participate in Testnet after Incentiv has posted updates to its Terms or Privacy Policy, you are agreeing to be bound by the updated Terms or Privacy Policy, as applicable. If you do not agree to be bound by the updated Terms or Privacy Policy, then your only recourse is to immediately notify Incentiv, and immediately and permanently cease all/further participation in the Testnet.
13. Rewards
As part of your participation in the Testnet, Incentiv may choose, in its sole discretion, to provide certain Rewards or benefits to eligible participants for completing certain activities, including performance criteria or other requirements set by Incentiv. Other contributions to the Testnet may further be rewarded by Incentiv in its sole discretion. Such Rewards may include Mainnet tokens. In order to receive Rewards, you will be required to comply with the requirements as set by Incentiv and published prior to any distribution of rewards, if any.
14. Notwithstanding any other information provided by Incentiv regarding the Testnet (including on its website, blog posts or through other communications (such as Telegram, Discord, X (formerly Twitter), Reddit or other channels), Incentiv may in its discretion change or modify the amounts or types of Rewards and/or discontinue, or terminate, temporarily or permanently, all or any part of the Rewards program at any time and without notice and Incentiv may remove or re-allocate any Rewards earned by any participant or elect not to provide any rewards to any participant. You agree that any Rewards, if any, received will result from your services in testing the Testnet and the Protocol.
15. Incentiv reserves the right to request information about, review and investigate all Testnet activities, and to disqualify participants at its sole discretion, if it believes a participant has engaged in any activity that is abusive, fraudulent, in bad faith or otherwise fails to meet the Testnet standards and requirements. If you violate any of the terms and conditions of these Terms (as determined solely by Incentiv, if you have engaged in any activity that is abusive, fraudulent, in bad faith, or if you do not complete the necessary information or fail to provide accurate information, then you will not be eligible to receive Rewards, if any, and Incentiv may require you to promptly return any Rewards you have already received to Incentiv.
16. Your eligibility to receive Rewards is made in reliance upon your representation to Incentiv, which by your agreement to this Agreement you hereby confirm, that any Rewards you receive will be for your own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that you have no present intention of selling, granting any participation in, or otherwise distributing the same. By agreeing to this Agreement, you further represent that you do not presently have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to any Rewards. If you agree to these terms on behalf of an entity, you acknowledge that entity has not been formed for the specific purpose of obtaining the Rewards.
17. Any Rewards delivered to you may be subject to such restrictions on transferability, eligibility or vesting, as determined by Incentiv, at its sole discretion, which may include delivery to a multi-sig wallet or to any other device, mechanism, program or application intended to enforce the transfer restrictions imposed on the Rewards, or additional lock-up or legend requirements. If required by Incentiv, you must accept the smart contract or other electronic contract containing the terms applicable to the distribution of such Rewards (including, without limitation, any token terms and conditions or Protocol terms and conditions); failure by you to accept such contract or contracts shall render your rights to receive such Rewards void. You agree to comply with all such terms, conditions and restrictions, and consent to the imposition of the foregoing.
18. You understand that no public market now exists for the Rewards, and that Incentiv has not made any assurances that a public market will ever exist for the Rewards.
19. You acknowledge and agree that at no time were you presented with or solicited by any publicly issued or circulated newspaper, mail, radio, television, internet, or other forms of general advertising or solicitation in connection with any invitation to participate in the Testnet or offer of the Rewards or any rewards or benefits.
20. You acknowledge, assume, and hold Incentiv, its affiliates, and their respective directors, officers, employees, contractors, advisors, lawyers, accountants, suppliers, licensors, agents and other representatives (collectively, the “Incentiv Parties”) harmless, from and against any losses, liabilities, claims, demands, damages, expenses or costs (“Claims”) arising out of, in connection with or related to the following risks with respect to the Rewards: (i) the Protocol may never fully be developed, and to the extent developed, may not function as intended; (ii) the Protocol may fail to attract sufficient interest from key stakeholders and the general public; (iii) the Protocol (and/or the individuals or entities behind it) may be subject to investigation and punitive actions from governmental authorities; (iv) tokens, and the markets for tokens, are, by their nature, highly experimental, risky, and volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation; (v) the cost and speed of transacting with tokens are variable and may increase dramatically at any time; (vi) cryptography is a progressing field with advances in code cracking and other technical advancements, such as the development of quantum computers, which may present risks to tokens, including theft and loss; and (vii) token transactions are generally irreversible, and subject to loss due to human error.
21. You acknowledge and agree that if you are unable to claim Rewards due to technical bugs, gas fees, loss of access to a digital wallet or the private or public keys thereto, or for any other reason, you will have no recourse or claim against us or any Foundation Party and that neither we nor any other Foundation Party will bear any liability.
22. You acknowledge and agree that claiming a Reward may require reliance on or an integration with third-party products (e.g., a digital wallet or an unaffiliated network or blockchain) that Foundation does not control. In the event that you are unable to access such products or integrations, or if they fail for any reason, and you are unable to participate in the Testnet or claim Rewards, you will have no recourse or claim against us or any other Foundation Party and neither we nor any other Foundation Party will bear any liability.
23. Taxes
You are responsible for the payment of all taxes associated with your receipt of any benefits or Rewards (if applicable). You acknowledge that participation in the Testnet and the receipt of Rewards may have tax implications in your jurisdiction. Incentiv strongly recommends that you consult with an independent financial, legal, or tax advisor to fully understand these implications.
By participating in the Testnet, you represent that:
(i) You have consulted with financial, legal, and/or tax advisors regarding your participation and receipt of any Rewards, or you have knowingly chosen not to seek such advice;
(ii) Incentiv has not provided, nor has any obligation to provide, financial, legal, or tax advice with respect to your participation; and
(iii) You are not relying on Incentiv or any of its affiliates for any financial, legal, or tax guidance.
24. You acknowledge and agree that if you are unable to claim Rewards due to technical bugs, gas fees, loss of access to a digital wallet or the private or public keys thereto, or for any other reason, you will have no recourse or claim against us or any Foundation Party and that neither we nor any other Foundation Party will bear any liability.
25. You acknowledge and agree that claiming a Reward may require reliance on or an integration with third-party products (e.g., a digital wallet or an unaffiliated network or blockchain) that Foundation does not control. In the event that you are unable to access such products or integrations, or if they fail for any reason, and you are unable to participate in the Testnet or claim Rewards, you will have no recourse or claim against us or any other Foundation Party and neither we nor any other Foundation Party will bear any liability.
26. Modification or Termination
Incentiv reserves the right to modify, suspend, or terminate the Testnet at any time without prior notice. Users acknowledge that all Test Tokens and associated data may be erased at any time.
27. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, IN NO EVENT WILL ANY FOUNDATION PARTY BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES, OR FOR LOSS OF USE, LOST PROFITS, OR LOSS OF DATA ARISING OUT OF OR RELATED TO THESE TERMS, THE SERVICES OR THE TESTNET, HOWEVER CAUSED AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE, EVEN IF WE OR OUR SUPPLIERS OR LICENSORS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE CUMULATIVE LIABILITY OF US, OUR SUPPLIERS, AND OUR LICENSORS FOR ANY CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS, THE SERVICES OR THE TESTNET EXCEED ONE HUNDRED UNITED STATES DOLLARS (US$100).
YOU ACKNOWLEDGE AND AGREE THAT THE FOREGOING DISCLAIMERS, EXCLUSIONS AND LIMITATIONS OF LIABILITIES SET FORTH ABOVE ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN FOUNDATION AND YOU.
28. Indemnification
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless Incentiv Parties from and against any Claims arising out of, in connection with or related to: (i) your access to or use of the Services or the Testnet; (ii) your violation of these Terms; (iii) your violation, misappropriation or infringement of any rights of another (including intellectual property rights or privacy rights); and (iv) your conduct in connection with the Services or your participation in the Testnet. You agree to promptly notify Incentiv Parties of any third-party Claims, cooperate with Incentiv Parties in defending such Claims and pay all fees, costs and expenses associated with defending such Claims (including legal fees and expenses). You also agree that Incentiv Parties will have control of the defense or settlement, at Foundation’s sole option, of any third-party Claims.
29. Governing Law
These Terms and Conditions shall be governed by and construed in accordance with the laws of England and Wales. Any dispute arising out of or related to these Terms, including their existence, validity, or termination, shall first be submitted to confidential arbitration under the rules of the London Court of International Arbitration (LCIA). Arbitration shall be conducted by a single arbitrator in London, England, and proceedings shall be conducted in the English language.
30. Contact Information
For any questions or concerns regarding these Terms and Conditions, please contact us at [email protected] .
By using the Testnet, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.