Terms and Conditions
These Terms and Conditions outline the rules and policies regarding the use of our token and platform. By purchasing, holding, or trading our token, you agree to abide by the following conditions:
Effective Date: 11/10/2023
These Terms and Conditions are effective as of 11/10/2023. AstraAI reserves the right to modify these terms at any time. Any changes will be communicated to users, and continued use of our services constitutes acceptance of the updated terms.
1. Definitions
1.1. Presalers: Individuals or entities that purchase tokens during the pre-sale period. 1.2. Snipers: Automated bots or users engaging in manipulative trading behavior, including, but not limited to, exploiting initial launch pricing for personal gain at the expense of the project and its investors. 1.3. Multi-Wallet Presale Users: Individuals or entities using multiple wallets to circumvent presale limits, gain an unfair advantage, or exploit the system. 1.4. Blacklist: A security measure implemented to restrict certain wallets from further interaction with the token or platform. Blacklisted wallets are unable to transfer, sell, or interact with tokens associated with our ecosystem. This primarily applies to presalers, snipers, and contractual entities such as partners or influencers who fail to meet their obligations. Tokens purchased on the open market are not subject to blacklisting under this policy.
2. Grounds for Blacklisting
The following actions may result in blacklisting: 2.1. Violation of Pre-sale Rules: Presalers who violate agreed-upon terms, such as:
Exceeding the agreed sale limits within the specified timeframe. 2.2. Multi-Wallet Presale Abuse: Individuals or entities using multiple wallets to bypass presale rules or limits, undermining the integrity and fairness of the presale process. 2.3. Failure to Complete KYC: Presale participants who were required to complete KYC (Know Your Customer) verification but failed to do so will be subject to blacklisting, as this is a violation of regulatory compliance and platform rules. Participants were required to complete KYC by January 1st, 2024. Those who did not complete KYC by this deadline forfeited their rights to reclaim tokens, as these were no longer considered their assets. Post-deadline KYC submissions were not accepted. 2.4. Use of Sniping Bots: Employing automated systems to gain an unfair advantage during token launches, resulting in market manipulation or unfair price disruption. 2.5. Market Manipulation: Any activities that cause undue harm to the project, including, but not limited to:
Coordinated dumping of tokens.
Abnormal trading patterns that significantly impact the token's price and stability. 2.6. Breach of Community Trust: Actions that harm the integrity or reputation of the project, including fraudulent claims or spreading misinformation.
3. Consequences of Blacklisting
3.1. Wallet Restriction: Blacklisted wallets will be permanently restricted from:
Selling or transferring tokens.
Interacting with the platform or ecosystem features. 3.2. No Refund Policy: No refunds, compensations, or claims will be provided for blacklisted wallets, regardless of the token's current market value. 3.3. Irrevocability: Blacklisting is final and irreversible. Appeals will not be entertained unless a valid and proven technical error is presented.
4. Transparency and Fairness
4.1. Notification: Affected wallets will be notified via on-chain or platform announcements whenever feasible. 4.2. Right to Modify Rules: We reserve the right to amend the blacklist policy based on community feedback, regulatory updates, or evolving market conditions.
5. Responsibility to Protect Investors
This policy is designed to safeguard the interests of legitimate investors and maintain market integrity. Blacklisting individuals or entities who exploit or harm the project ensures the long-term sustainability and trust of our ecosystem.
6. Disclaimer
6.1. No Liability: The project team is not liable for any losses or damages arising from wallet blacklisting. 6.2. Compliance with Laws: The implementation of blacklist measures is compliant with applicable laws and regulations. By interacting with the token, you acknowledge and accept these terms.
7. Acceptance of Terms
By purchasing, holding, or trading our token, you confirm that you:
Understand and agree to these Terms and Conditions.
Accept that wallet blacklisting is a necessary measure to protect the project's sustainability and the community's best interests.
8. Exceptions to Blacklisting
8.1. Open Market Purchases: Tokens purchased on the open market by any entity or user are not subject to blacklisting. This policy applies primarily to presalers, snipers, partners, and influencers who have engaged with the project through specific agreements or allocations. 8.2. Partners and Influencers: Partners or influencers who receive tokens as part of a contractual agreement and fail to deliver on agreed-upon deliverables may be subject to blacklisting. This measure is implemented to protect the interests of the project and its investors. 8.3. Investor Protection: The blacklist policy aims to safeguard the project and its investors from actions that could negatively impact token value or project credibility.
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