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: contact@wesendit.io 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. Holders of WeStakeit NFTs who obtained their NFTs during the presale are entitled to claim their rewards in WSI from the staking pool only after a vesting period of 52 weeks if they have used their WeStakeit NFT to activate their node.
4.2. Rewards are credited immediately after acquiring the WeStakeit NFT. However, these rewards can only be claimed after a vesting period of 52 weeks, upon successful completion of the KYC process, and the use of the WeStakeit NFT to operate a node on the mainnet. If a node is not operated from the start of the mainnet, the rewards will be forfeited entirely, and only the original stake for the used tier level will be refunded.
4. Vergütungen während und nach des Vorverkaufs mit den WeStakeit NFT
4.1. Inhaber von WeStakeit NFTs, die ihren Einsatz während der Presale Ihren WeStakeit NFT erhalten haben, sind berechtigt, ihre Rewards in WSI aus dem Staking-Pool erst nach Ablauf einer Sperrfrist von 52 Wochen einzufordern, vorausgesetzt, sie haben ihr WeStakeit NFT zur Aktivierung ihrer Node verwendet.
4.2. Die Rewards werden unmittelbar nach dem Erwerb des WeStakeit NFTs gutgeschrieben. Diese Rewards können jedoch erst nach Ablauf einer Sperrfrist von 52 Wochen, nach erfolgreicher Durchführung des KYC-Verfahrens und dem Einsatz des WeStakeit NFTs zum Betreiben einer Node im Mainnet eingefordert werden. Sollte ab dem Start des Mainnets keine Node betrieben werden, verfallen die Rewards vollständig und es wird lediglich der ursprüngliche Einsatz für die verwendete Tier Stufe zurückerstattet.
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.
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