Node Presale Terms of Service

General Terms and Conditions (GTC) for the NFT Presale ERC 721

Zug, June 17, 2024

1. Introduction

These General Terms and Conditions (GTC) govern the use of services and the purchase of NFT Node Licenses (WeStakeit NFTs) during the presale on the website wesendit.io, operated by WeSendit Media AG. The presale begins on June 28, 2024. By participating in the presale and purchasing a WeStakeit NFT License, you agree to these GTC.

2. Provider Information

WeSendit Media AG Baarerstrasse 8 6300 Zug, Switzerland Email: [e-mail] HR Number: CH-170.3.042.474-8 WeSendit Trademark Register Number: 640627 Legal Seat: Zug, Switzerland

3. Presale

3.1. During the presale, node operators can acquire the WeStakeit NFT, which is necessary for operating a node. The presale offers 12 stages, where the stake per stage serves as security and commitment to support the network. The stake will be locked for at least 52 weeks.

3.2. As a direct commitment, all future node operators will receive immediate rewards from the staking pool upon acquiring their WeStakeit NFT License. These rewards can also be claimed at the end of the 52-week lock-up period, and they will receive a temporary 8x multiplier for the provided storage space during the mainnet phase.

3.3. If a user decides not to operate a node, they can sell their NFT and the associated benefits.

4. Rewards During the Presale (WeStakeit NFT)

4.1. WeStakeit NFT holders who have received their stake during the presale phase can only claim their rewards from the staking pool after 52 weeks if they have used their WeStakeit NFT to activate their node.

5. Rewards After the Presale (Node NFT License)

5.1. The minimum amount of WSI tokens required as a stake (security) for operating NEBULA, ORBIT, or COSMOS nodes depends on the type of node operated. The exact amount of the security deposit in WSI per node type will be announced two weeks before the end of the presale.

5.2. Node operators can use their WeStakeit NFT License acquired during the presale to operate a node in the mainnet. This WeStakeit NFT can later be exchanged for a Node Type NFT License, which allows the operation of one of the three node types (NEBULA, ORBIT, COSMOS).

5.3. Node operators will receive rewards in WSI for providing storage space after 90 days by activating the node license and allocating storage space when their node has been successfully onboarded to the mainnet. Early withdrawal of rewards after 30 days will incur a 75% penalty on the rewards, and the operator will lose eligibility for bonus rewards. After 90 days, the lock-up period automatically extends to 120 days with a minimum deduction of $10 in WSI.

6. KYC (Know Your Customer)

6.1. Only users who are at least 18 years old can claim rewards and must undergo a KYC process when claiming their rewards.

6.2. Users from countries sanctioned by OFAC or the UN are not eligible to participate. This includes users from Cuba, Iran, North Korea, Syria, as well as the regions of Crimea, Donetsk People's Republic, and Luhansk People's Republic.

7. Security Deposit (Stake)

7.1. The minimum amount of WSI tokens to be staked depends on the type of node operated. The specific requirements and the amount of the security deposit will be published on the website and are binding.

8. Disclaimer and Risks

8.1. WeSendit Media AG assumes no liability for losses or damages arising from the use of the information on the website or the purchase of tokens unless there is intent or gross negligence.