Policy on the Sale of NFTs and Utility Tokens
Effective Date: May 15, 2025
EAPES Operations
1055 Lucien-L’Allier Street, Suite #886
Montreal, QC H3G 3C4
Canada
1. Purpose of the Policy
This policy governs the sale of NFTs (non-fungible tokens) and utility tokens ($EAPES) across all platforms operated by EAPES, including but not limited to eapes.com, app.eapes.com, and any pre-order or exchange portals related to the EAPES ecosystem. Its purpose is to ensure transparency, security, and compliance in all transactions.
Note: This policy may be updated at any time to reflect technological or legal developments. Users will be notified of changes via our website or by email.
2. Nature of Digital Assets
The NFTs and $EAPES tokens offered by EAPES:
- Do not constitute financial securities or investment instruments under securities laws;
- Do not confer any ownership rights in EAPES, nor any voting rights, dividends, or shares in the company;
- Are designed solely for utility purposes within the EAPES ecosystem (e.g., access to services, events, DAO, staking, 3D avatars).
Disclaimer: These assets should not be considered investments. Their value may fluctuate without any guarantee.
3. Sales Conditions
- All sales of NFTs or utility tokens are final and non-refundable, except in cases of manifest technical errors attributable to EAPES.
- Users must verify the accuracy of their wallet (address and network) before confirming the purchase. EAPES is not responsible for input errors.
- Wallets must be compatible with the MultiversX or Solana blockchains, depending on the product purchased.
- Delivery Time: NFTs/tokens are delivered within 24 hours of transaction confirmation, subject to network congestion.
- Transaction Fees: Users are responsible for applicable gas or network fees.
- In the event of technical errors or delays, EAPES commits to resolving the issue within 5 business days.
4. Risks Associated with Digital Assets
By purchasing an NFT or $EAPES token, you acknowledge and accept the following risks:
- Market Volatility: The value of assets may fluctuate without any guarantee of stability.
- Technological Risks: Network errors, hacking, loss of private keys, or data.
- Regulatory Risks: Changes in laws applicable to digital assets that may affect their use or value.
- No Recourse: No refunds are possible in the event of loss due to user error (e.g., incorrect wallet address).
Responsibility: Users are solely responsible for the security of their wallet and private keys.
5. Prohibitions and Geographic Restrictions
- The purchase of NFTs or tokens may be prohibited or restricted in certain countries. It is the user’s responsibility to verify the legality of these transactions in their jurisdiction.
- EAPES reserves the right to block access to users from jurisdictions where legal restrictions apply (e.g., countries under international sanctions).
- Restricted Countries: A list of affected jurisdictions will be updated on eapes.com if applicable.
6. Tax Obligations
- Users are responsible for knowing and complying with the tax laws of their jurisdiction regarding digital assets.
- Any capital gains or income related to the holding, use, or resale of NFTs or tokens must be declared in accordance with local laws.
- Recommendation: Consult a tax specialist in digital assets to ensure compliance.
7. Verification and Compliance
- Identity verification (KYC) may be required in the following cases:
- Purchases exceeding CAD 5,000;
- Participation in pre-orders or exclusive events;
- Specific legal or regulatory requirements.
- KYC may be requested before or after purchase and must be completed to access certain features.
8. Contact
For any questions regarding this policy or the sale of NFTs/tokens:
- Email: legal@eapes.com
- Address: EAPES Operations, 1055 Lucien-L’Allier Street, Suite #886, Montreal, QC H3G 3C4, Canada
- Response Time: We typically respond within 5 business days.