Terms of Service

Effective [EFFECTIVE DATE]

Draft, pending legal review. Items in brackets are still to be completed.

These terms cover the Verity private testnet. Please read them before you use it. The short version is below, and the full terms follow it.

• This is a private test of an experimental network, and things can break or disappear at any time.
• Test assets have no value. Points and similar features are recognition only.
• Do not bring anything of value to the testnet.
• If you find a bug, report it instead of exploiting it.

Verity has not announced a token. Any airdrop or presale offer is a scam.

1. These terms

These terms are an agreement between you and [LEGAL ENTITY NAME], of [REGISTERED ADDRESS] ("Verity", "we", "us"). They apply to the Verity private testnet and to the apps, wallet software, interfaces, APIs, documentation and community spaces we run for it (together, the "Testnet").

By using the Testnet you accept these terms. If you don't accept them, don't use it. Our Privacy Policy explains how we handle personal data.

2. An experimental testnet

The Testnet is a private test of an experimental network that is still being built. It exists so that we can find problems, and you should expect them. In particular:

• it may slow down, stop, behave incorrectly or be taken offline, with or without notice;
• features, apps, programs and addresses may change or be withdrawn at any time;
• test data and balances may be removed at any time, and we have no duty to keep or restore them;
• nothing about the Testnet is a promise that any network, product or feature will ever launch or will work the same way if it does.

3. Invite-only access

Access is by invitation only. An invitation is personal to you. Don't sell it, publish it or share it, except through a referral feature we provide.

Access is a revocable permission, not a right. We may refuse, limit, suspend or revoke it at any time, for any reason or none, and with or without notice. We may also limit the number of people who can use the Testnet.

4. Who may use it

You may use the Testnet only if all of the following are true:

• you are at least 18 years old and able to enter into a binding agreement;
• you are not located in, resident in or organised under the laws of a restricted jurisdiction, meaning [RESTRICTED JURISDICTIONS LIST], or any place where using the Testnet would be unlawful;
• you, and anyone you act for, are not the target of sanctions administered by the United Nations, the United States (including OFAC), the European Union or the United Kingdom, and are not owned or controlled by anyone who is;
• your use complies with the laws that apply to you.

Don't use a VPN or any other means to hide your location in order to get around these limits. We may block access from any place, at any time.

5. Test assets have no value

Anything you receive or hold on the Testnet, including assets from a faucet, assets on the Testnet's bridge, launched coins, NFTs and any balance or position in a Testnet app, is a test asset, even if its name or symbol resembles a real asset.

• Test assets have no monetary value and are not money, deposits or investments.
• They can't be redeemed, and we will not exchange them for anything of value.
• Don't buy or sell them, or offer to, for anything of value.
• They may be changed, removed or stop working at any time.

Markets, prices, swaps, perpetuals, prediction markets, launches and yields on the Testnet are for testing only, even where they use real-world price data. They are not offers of a financial service, and nothing on the Testnet is investment, financial, legal or tax advice.

6. No real assets

The Testnet is not built for real assets. Do not bridge, deposit or send anything of value to it. Only use the test funds the Testnet's own tools provide or tell you to use. Assets sent to a Testnet address or bridge from any production network may be lost permanently, and we may be unable to recover them and have no duty to try.

Use a new wallet that holds nothing of value. You alone are responsible for your wallet, keys and recovery phrase. We can't recover them. We will not ask you for your recovery phrase or private key, or ask you to pay to use the Testnet.

7. Tokens and airdrops

Verity has not announced a token. Any airdrop or presale offer is a scam.

We have no duty to issue any token. Using the Testnet gives you no entitlement to any airdrop, allocation, payment or other distribution, and you should not use it expecting one. Nothing on the Testnet or in our community spaces is an offer to sell, or a request to buy, any token, security or other financial product.

8. Points and recognition

The Testnet may include points, leaderboards, referrals, credits, roles and similar features. These are recognition only. They carry no monetary value and create no right to anything. They aren't property, and you can't sell, trade or transfer them.

We set and may change how these features work at any time. We may review, correct, reverse or remove any score, referral, credit or role, and may exclude anyone from them, including where we suspect farming, automation or multiple accounts. Any early access or role that comes with them is at our discretion and can be withdrawn.

9. Acceptable use

You agree not to:

• break the law, or use the Testnet for fraud, scams, phishing, impersonation or harassment;
• claim or suggest that test assets have value, or promote any airdrop, presale or token using the Verity name;
• overload, attack, disrupt or get around the security, rate limits or access controls of the Testnet;
• use bots, automation, multiple accounts or wallets to farm or distort points, referrals, leaderboards or faucets;
• post or distribute malware, or content that is illegal, infringes others' rights or exploits minors;
• access another person's account, wallet or data without permission;
• present anything from the Testnet as an official Verity statement unless we published it.

Automated testing and building are welcome within published limits and any rules for the product you are using.

10. Report bugs, don't exploit them

Finding problems is the point of the Testnet, so we want to hear about them. If you find a bug or vulnerability, report it through the bug reports forum on our Discord or, if it is sensitive, privately to [SECURITY CONTACT]. Don't exploit it beyond what you need to demonstrate it, don't use it to gain test assets, points or access, and don't publish details of a sensitive issue until we have had a reasonable time to fix it.

Exploiting a flaw is a breach of these terms even though only test assets are involved. We may reverse any resulting gains and revoke access. Reporting a bug creates no right to payment; any recognition for it falls under section 8.

11. Third-party content

Other people can publish coins, NFT collections, markets, applications, messages and links on or around the Testnet. Bots and services run by others also operate in our community spaces. We don't control, check or endorse this content, and listing or displaying it doesn't mean we have. Coins or accounts using the Verity name are not ours unless we say so on an official Verity surface.

The Testnet also relies on third-party services, including Solana devnet, data providers, Discord, X and Telegram. Their own terms apply to your use of them, and we aren't responsible for them.

12. On-chain data is public

Wallet addresses, transactions and other data sent to the Testnet are public. They can be read, copied and kept by anyone, and they can't be deleted by us or on your request, even if the Testnet's balances or apps later change. Don't put personal or confidential information in a transaction, token name, memo or other on-chain field.

13. Your content and feedback

You keep the rights you have in content you submit. You give us a worldwide, royalty-free licence to host, copy and display it as needed to run the Testnet. You confirm that you have the rights to submit it.

If you give us feedback, including bug reports and suggestions, we may use it for any purpose without paying you or owing you anything.

14. Our materials

The Verity name, logos, software, designs and documentation belong to us or our licensors. We give you a limited, personal, revocable permission to use them only to use the Testnet, except where an open-source licence gives you broader rights. Don't suggest that we endorse you or your project.

15. No warranty

To the fullest extent the law allows, the Testnet is provided "as is" and "as available", with no warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, availability, security or freedom from errors. You use it at your own risk.

16. Limits of liability

To the fullest extent the law allows:

• we and our directors, staff, contractors and affiliates are not liable for any indirect, incidental, special, consequential or punitive damages, or for any loss of profits, assets, data, goodwill or opportunity;
• we are not liable for any loss of test assets or test data, points or access, or for real assets sent to the Testnet against section 6;
• our total liability for all claims relating to the Testnet or these terms is limited to US$100.

You agree to cover claims and costs against us that arise from your breach of these terms or your misuse of the Testnet. Nothing in these terms limits or excludes liability that can't be limited or excluded by law, or any rights you have as a consumer that can't be waived.

17. Ending your access

You may stop using the Testnet at any time. We may end or suspend your access, or end the Testnet entirely, at any time. Sections 5 to 8 and 12 to 21 continue to apply after your access ends.

18. Changes to these terms

We may change these terms at any time by publishing a new version on this page and updating the effective date. We will give additional notice of material changes where reasonably possible. If you keep using the Testnet after a change takes effect, you accept the new terms.

19. Governing law

These terms are governed by the laws of [GOVERNING LAW], without regard to its conflict-of-laws rules. Disputes will be resolved in [DISPUTE FORUM], except where mandatory law gives you the right to bring a claim elsewhere.

20. General

These terms and the Privacy Policy are the whole agreement between you and us about the Testnet. If part of these terms can't be enforced, the rest stays in force. If we don't enforce a term right away, we can still enforce it later. You may not transfer your rights under these terms; we may transfer ours as part of a reorganisation or sale, or to a legal entity formed to run the Testnet.

21. Contact

Questions about these terms: [CONTACT EMAIL].