VFTChain Terms of Service

Effective Date: January 1, 2026 Last Updated: October 29, 2025 Version: 1.0

1. Acceptance of Terms

By accessing or using the VFTChain platform, website (vftchain.com), or any related services (collectively, the "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, you must not access or use the Services.

These Terms constitute a legally binding agreement between you ("User," "you," or "your") and VFTChain Foundation ("VFTChain," "we," "us," or "our").

1.1 Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts to use the Services. By using the Services, you represent and warrant that:

You are at least 18 years of age
You have the legal capacity to enter into these Terms
You are not located in, or a resident of, any restricted jurisdiction (see Section 3)
You are not on any sanctions list maintained by OFAC or other regulatory bodies
Your use of the Services does not violate any applicable law or regulation

1.2 Modifications to Terms

We reserve the right to modify these Terms at any time. Changes will be effective:

Major Changes: 30 days after notice via email and website banner
Minor Changes: Immediately upon posting to the website
Emergency Changes: Immediately if required by law or security concerns

Continued use of the Services after changes become effective constitutes acceptance of the modified Terms. If you do not agree to the modifications, you must stop using the Services.

2. Description of Services

2.1 Platform Overview

VFTChain is a decentralized compute marketplace built on the Solana blockchain. The Services provide:

Compute Marketplace: Platform connecting compute resource providers with users requiring computational power
GPU Mining: Distributed GPU compute network for AI training, rendering, and other computational tasks
VFTC Token Utility: Access to platform services using VFTC utility tokens
Smart Contract Interface: Web interface for interacting with Solana-based smart contracts
Airdrop Program: Token distribution program for eligible participants

2.2 Non-Custodial Nature

IMPORTANT: VFTChain is a NON-CUSTODIAL platform. This means:

We DO NOT hold your private keys - You retain full control of your wallet
We DO NOT custody your funds - All tokens remain in your wallet until you initiate transactions
We DO NOT control transactions - All transfers occur on-chain via your wallet signatures
We CANNOT reverse transactions - Blockchain transactions are irreversible
We CANNOT recover lost keys - You are solely responsible for wallet security

VFTChain provides a user interface for interacting with decentralized protocols. We do not provide traditional financial services.

2.3 Protocol vs. Platform

VFTChain consists of two distinct components:

Protocol: Decentralized smart contracts deployed on Solana blockchain (immutable, permissionless)
Platform: Website and interface tools for accessing the protocol (convenience layer)

The platform (website) is a tool for interacting with the protocol. VFTChain does not control the protocol's execution, which operates autonomously on the blockchain.

3. Restricted Jurisdictions

3.1 Prohibited Jurisdictions

Use of the Services is COMPLETELY PROHIBITED for persons located in or residents of:

North Korea (Democratic People's Republic of Korea)
Iran
Syria
Cuba
Crimea region
Donetsk and Luhansk regions of Ukraine
Any other jurisdiction sanctioned by OFAC or subject to comprehensive U.S. sanctions

3.2 Restricted Jurisdictions

The following jurisdictions have LIMITED ACCESS with additional verification requirements:

New York (USA) - BitLicense compliance pending
China - VPN detection, limited services
Russia - Enhanced sanctions screening

3.3 Compliance Monitoring

We employ automated systems to detect and block access from prohibited jurisdictions:

Geolocation blocking at connection time
IP address screening
Wallet address sanctions list comparison
VPN/proxy detection

Attempting to circumvent geographic restrictions is a material breach of these Terms and may result in immediate account suspension and reporting to authorities.

4. VFTC Token

4.1 Utility Token Classification

VFTC is a UTILITY TOKEN, not a security, investment contract, or financial instrument.

Token Mint Address: 59yrSpYndCYYur672UV4mQ1wtVP4KShXpZvXiK6q7ray Blockchain: Solana Mainnet-Beta Decimals: 6

4.2 Token Utility

VFTC tokens are required to:

Access compute resources on the VFTChain network
Pay for GPU mining services
Participate in platform governance (future)
Receive rewards for providing compute resources
Claim airdrop allocations

4.3 No Investment Representation

IMPORTANT DISCLAIMERS:

VFTC is NOT an investment
VFTC is NOT a security under applicable law
We make NO representations about future token value
We make NO promises of profits or returns
Token value may fluctuate or become zero
You should NOT purchase VFTC expecting profits

4.4 Howey Test Analysis

VFTC is NOT a security under the Howey Test because:

❌ Investment of Money: Tokens are acquired for utility, not investment
❌ Common Enterprise: No pooling of funds or collective investment
❌ Expectation of Profits: Token provides immediate utility value
❌ Efforts of Others: User-operated decentralized network, no promoter dependency

Result: VFTC does NOT constitute a security under U.S. federal securities law.

5. User Obligations

5.1 Wallet Security

You are solely responsible for:

Private Key Security: Safeguarding your wallet private keys and seed phrases
Wallet Software: Choosing and maintaining secure wallet software (Phantom, Solflare, etc.)
Transaction Verification: Reviewing and confirming all transaction details before signing
Backup: Creating secure backups of wallet recovery phrases
Loss Prevention: Protecting against phishing, malware, and social engineering

WE CANNOT AND WILL NOT recover lost or stolen private keys, tokens, or funds.

5.2 Accurate Information

You agree to provide accurate, current, and complete information when using the Services and to update such information as necessary.

5.3 Compliance with Laws

You agree to:

Comply with all applicable local, state, national, and international laws
Pay all applicable taxes on transactions and token holdings
Obtain any required licenses or permissions for your use of the Services
Not use the Services for any unlawful purpose

5.4 Account Security

If you create an account on our platform, you must:

Use a strong, unique password
Enable two-factor authentication (2FA) when available
Not share your account credentials
Notify us immediately of any unauthorized access

6. Prohibited Activities

You may NOT use the Services to:

6.1 Illegal Activities

Violate any applicable law, regulation, or court order
Engage in money laundering, terrorist financing, or sanctions evasion
Purchase or sell illegal goods or services
Evade taxes or reporting requirements

6.2 Fraud and Abuse

Provide false, misleading, or fraudulent information
Impersonate any person or entity
Create multiple accounts to circumvent restrictions
Engage in market manipulation or wash trading

6.3 Technical Abuse

Attack, hack, or compromise the Services or blockchain infrastructure
Deploy malicious code, viruses, or malware
Attempt unauthorized access to systems or user accounts
Interfere with or disrupt the Services

6.4 Platform Abuse

Spam, harass, or abuse other users
Post inappropriate, offensive, or illegal content
Manipulate or exploit platform features (airdrops, rewards, etc.)
Use automated tools (bots) without authorization

6.5 Intellectual Property Violations

Infringe copyrights, trademarks, or other IP rights
Reverse engineer or decompile platform software (except as permitted by law)
Remove or alter copyright notices or attribution

7. Compute Provider Terms

7.1 GPU Provider Obligations

If you provide compute resources (GPU mining), you agree to:

Hardware Requirements: Meet minimum specifications for compute tasks
Uptime Standards: Maintain reasonable availability and reliability
Honest Performance: Accurately report compute capabilities
Result Integrity: Return correct, unmodified computation results
Security: Maintain secure systems free from malware

7.2 Payment Terms

Compute providers earn VFTC tokens based on:

Verified compute work completed
Quality and reliability of service
Network demand and pricing algorithms

Payments are made automatically via smart contracts. VFTChain does not guarantee any minimum payment amount or frequency.

7.3 Performance Standards

Repeated failures, poor performance, or fraudulent results may result in:

Reduced allocation of compute tasks
Account suspension
Forfeiture of pending rewards
Permanent ban from provider network

8. Airdrop Program

8.1 Airdrop Eligibility

Participation in VFTC airdrops requires:

Eligible wallet address (per merkle tree distribution)
Compliance with these Terms
Not located in prohibited jurisdictions
Valid cryptographic proof of eligibility

8.2 Claim Process

To claim airdrop tokens:

Connect eligible Solana wallet (Phantom, Solflare, etc.)
Website verifies eligibility against merkle tree
User signs blockchain transaction to claim tokens
VFTC tokens transferred from vault to user wallet

8.3 Claim Window

Airdrop claims are time-limited. Unclaimed tokens after the claim window closes are forfeited and may be redistributed or burned.

8.4 Tax Obligations

YOU are responsible for all tax obligations related to airdrop token claims, including reporting to tax authorities. Consult a tax professional regarding your specific situation.

8.5 No Guarantee

Airdrop allocations and eligibility may change based on:

Smart contract conditions
Snapshot timing
Regulatory requirements
Platform policy updates

We reserve the right to modify or cancel airdrop programs at any time.

9. Fees and Payments

9.1 Platform Fees

VFTChain may charge fees for:

Compute resource usage (paid in VFTC)
Premium features or priority access
Enterprise service tiers

Fees are displayed before transaction confirmation and are non-refundable.

9.2 Blockchain Fees

All blockchain transactions require payment of network fees (gas fees) to Solana validators. These fees:

Are paid in SOL (Solana's native token)
Go to blockchain validators, NOT to VFTChain
Vary based on network congestion
Are non-refundable, even if transactions fail

9.3 No Refunds

All payments for Services are FINAL and NON-REFUNDABLE except as required by law or expressly stated otherwise.

10. Disclaimers and Limitations of Liability

10.1 "AS IS" Service

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:

Availability: No guarantee of uninterrupted access
Accuracy: No guarantee of error-free operation
Security: No guarantee against hacks, exploits, or loss of funds
Compatibility: No guarantee of compatibility with all wallets or systems
Results: No guarantee of specific outcomes or performance

10.2 Blockchain Risks

You acknowledge and accept the risks inherent in blockchain technology:

Irreversibility: Transactions cannot be reversed or canceled
Volatility: Token values may fluctuate dramatically
Smart Contract Bugs: Code vulnerabilities may result in loss of funds
Network Failures: Blockchain downtime or congestion may affect access
Fork Risks: Blockchain forks may create uncertainty

10.3 Third-Party Services

We are not responsible for:

Third-party wallet software (Phantom, Solflare, etc.)
Blockchain infrastructure (Solana network)
External websites or services linked from our platform
User-generated content or compute results

10.4 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

WE ARE NOT LIABLE FOR:

Indirect, incidental, special, consequential, or punitive damages
Loss of profits, revenue, data, or business opportunities
Loss or theft of cryptocurrency or tokens
Smart contract exploits or bugs
Unauthorized access to user accounts or wallets

MAXIMUM LIABILITY: Our total liability to you for all claims related to the Services shall not exceed the LESSER of:

$100 USD, or
The amount of fees you paid to VFTChain in the 12 months before the claim

This limitation applies even if we have been advised of the possibility of such damages.

10.5 Assumption of Risk

BY USING THE SERVICES, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME ALL RISKS, INCLUDING:

Risk of loss of VFTC tokens or other cryptocurrency
Risk of smart contract failures or exploits
Risk of regulatory changes affecting token utility
Risk of market volatility affecting token value
Risk of technology failures or security breaches

11. Indemnification

You agree to indemnify, defend, and hold harmless VFTChain, its affiliates, officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from:

Your use of the Services
Your violation of these Terms
Your violation of any law or regulation
Your violation of third-party rights
Your provision of compute resources (if applicable)
Your content or activities on the platform

12. Dispute Resolution

12.1 Informal Resolution

Before filing any formal claim, you agree to contact us at Thomas@vftchain.com to attempt informal resolution. We will attempt to resolve disputes within 30 days.

12.2 Binding Arbitration

If informal resolution fails, you agree that all disputes shall be resolved through BINDING ARBITRATION, not in court, except as follows:

Arbitration Terms:

Organization: American Arbitration Association (AAA)
Rules: AAA's Consumer Arbitration Rules
Location: New York, New York (or your location for claims exceeding $25,000)
Language: English
Arbitrator: Single arbitrator mutually agreed upon
Costs: VFTChain pays arbitration fees for claims under $75,000

What Can Be Arbitrated:

Contract disputes
Tort claims
Statutory claims (consumer protection, privacy, etc.)

Exceptions (Not Arbitrated):

Small claims court (claims under $10,000)
Injunctive relief for IP infringement
Emergency security measures

12.3 Class Action Waiver

YOU AGREE TO ARBITRATE DISPUTES ON AN INDIVIDUAL BASIS ONLY.

You waive the right to:

Participate in class action lawsuits
Join collective arbitrations
Act as a class representative or member

Exception: This waiver does not apply where prohibited by law (e.g., California residents may opt out).

12.4 Opt-Out Right

You may opt out of arbitration by sending written notice to Thomas@vftchain.com within 30 days of first using the Services. Opt-out notice must include your name, address, and clear statement declining arbitration.

12.5 No Waiver

Failure to enforce any provision of these Terms does not waive our right to enforce it later.

13. Intellectual Property

13.1 VFTChain IP

All content, trademarks, logos, and intellectual property on the platform are owned by VFTChain or our licensors. You may not:

Use our trademarks without permission
Copy, modify, or distribute our content (except as permitted)
Create derivative works without authorization

13.2 License to Use

We grant you a limited, non-exclusive, non-transferable license to access and use the Services for their intended purpose, subject to these Terms.

13.3 User Content

If you submit content (compute results, forum posts, etc.), you grant VFTChain a worldwide, royalty-free, perpetual license to use, display, and distribute such content as necessary to operate the Services.

You represent that you have all rights necessary to grant this license.

13.4 DMCA Compliance

We comply with the Digital Millennium Copyright Act (DMCA). To report copyright infringement, contact:

DMCA Agent: Thomas@vftchain.com Address: VFTChain Foundation, c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808

14. Privacy and Data Protection

Your privacy is important to us. Our collection and use of personal data is governed by our Privacy Policy (see Document #2).

By using the Services, you consent to:

Data collection as described in the Privacy Policy
International data transfers (if applicable)
Use of cookies and tracking technologies

15. Termination

15.1 Termination by You

You may stop using the Services at any time. Certain obligations (indemnification, dispute resolution, liability limitations) survive termination.

15.2 Termination by Us

We may suspend or terminate your access immediately without notice if:

You violate these Terms
You are located in a prohibited jurisdiction
You engage in fraudulent or illegal activities
Required by law or regulatory order
Necessary for security or risk management

15.3 Effect of Termination

Upon termination:

Your right to access the Services ends immediately
You remain liable for all obligations incurred before termination
Sections 10-17 survive termination
You may still withdraw tokens from your non-custodial wallet (we cannot prevent this)

16. Governing Law

These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict of law principles.

For arbitration proceedings, the Federal Arbitration Act (FAA) governs the interpretation and enforcement of the arbitration provisions.

17. Miscellaneous

17.1 Entire Agreement

These Terms, together with the Privacy Policy and other referenced policies, constitute the entire agreement between you and VFTChain regarding the Services.

17.2 Severability

If any provision of these Terms is found invalid or unenforceable, the remaining provisions remain in full effect.

17.3 Assignment

You may not assign or transfer these Terms without our consent. We may assign our rights and obligations without restriction.

17.4 Force Majeure

We are not liable for delays or failures due to events beyond our reasonable control, including:

Natural disasters
War, terrorism, or civil unrest
Government actions or regulations
Blockchain network failures
Internet or telecommunications failures

17.5 Language

The English version of these Terms is the official and controlling version. Translations are provided for convenience only.

17.6 Survival

Sections 10-17 survive termination of these Terms.

18. Contact Information

For questions or concerns about these Terms:

Email: Thomas@vftchain.com Response Time: 5 business days Mailing Address: VFTChain Foundation c/o Corporation Service Company 251 Little Falls Drive Wilmington, DE 19808 United States

Acknowledgment

BY USING THE SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS OF SERVICE.

Last Updated: October 29, 2025 Version: 1.0 Effective: January 1, 2026

These Terms of Service were drafted to comply with applicable law while preserving VFTChain's decentralized, non-custodial architecture. For jurisdiction-specific terms, please refer to the appropriate compliance addendums.