DAC Token Presale - Terms and Conditions

Last Updated: February 22, 2025

These Terms and Conditions ("Terms") govern participation in the DAC Token presale ("Presale"). By participating, you acknowledge that you have read, understood, and agreed to these Terms.

1. Introduction

1.1. DAC Token ("DAC") is a digital asset issued by DAC Labs, designed for scalability, security, and real-world adoption. The Presale allows eligible participants to acquire DAC Tokens before the public sale.

1.2. Participation in the Presale is subject to these Terms and any applicable legal and regulatory requirements.

1.3. DAC Tokens do not represent ownership, equity, or any voting rights in DAC Labs or its affiliated entities.

2. Eligibility

2.1. Participants must be at least 18 years old and legally allowed to purchase digital assets under the laws of their jurisdiction.

2.2. The Presale is not available to residents of jurisdictions where the purchase, sale, or holding of digital assets is restricted or prohibited by law.

2.3. DAC Labs reserves the right to reject applications or restrict access to the Presale for compliance and regulatory reasons.

3. Purchase and Payment

3.1. Payments for DAC Tokens can be made using Ethereum (ETH), Tether (USDT), or other accepted currencies as indicated on the official platform.

3.2. The exchange rate for DAC Tokens is determined at the time of purchase based on market conditions.

3.3. Purchases are final and non-refundable. No cancellations or reversals will be allowed once the transaction is confirmed on the blockchain.

4. Risks and Responsibilities

4.1. The Buyer acknowledges that the value of DAC Tokens may fluctuate over time due to market conditions and recognizes that DAC Labs does not guarantee a specific value for the tokens once issued.

4.2. DAC Labs will not be liable for delays in the generation and distribution of tokens caused by unforeseen events, force majeure, technical issues, or legislative problems that may affect the timeline.

4.3. DAC Labs agrees to issue the DAC Tokens by Q1 2025. However, in the event of delays or unforeseen circumstances preventing the tokens from being issued by March 31, 2025, DAC Labs will have a grace period of 3 months, with a final deadline of June 30, 2025. If, at the end of this period, the tokens have not been issued, the Buyer will have the right to terminate the contract and request a refund of the amount paid.

5. Vesting Plan and Token Distribution

5.1. The DAC Tokens acquired during the Presale will be subject to a vesting plan designed to ensure a gradual and controlled distribution, preventing market destabilization.

5.2. Token distribution will be executed via a smart contract, automating the process and ensuring security and transparency.

5.3. The vesting schedule is structured over a three-year period (2025-2027) with quarterly releases as follows:

Vesting Schedule

2025: 5% of the purchased tokens released at the end of each quarter.
Q1 2025: 5%
Q2 2025: 5%
Q3 2025: 5%
Q4 2025: 5%
Total released in 2025: 20%

2026: 9% of the purchased tokens released at the end of each quarter.
Q1 2026: 9%
Q2 2026: 9%
Q3 2026: 9%
Q4 2026: 9%
Total released in 2026: 36%

2027: 11% of the purchased tokens released at the end of each quarter.
Q1 2027: 11%
Q2 2027: 11%
Q3 2027: 11%
Q4 2027: 11%
Total released in 2027: 44%

5.4. The smart contract will execute the vesting plan without manual intervention, ensuring transparency and compliance.

6. Compliance and KYC

6.1. Participants may be required to complete a Know Your Customer (KYC) verification process before finalizing their purchase.

6.2. DAC Labs reserves the right to request additional information and reject transactions that do not meet compliance requirements.

6.3. The KYC process is implemented to prevent fraudulent activities, money laundering, and compliance violations.

7. Disputes and Jurisdiction

7.1. Any disputes arising from the interpretation, execution, or termination of these Terms will first be subject to mediation under applicable Swiss laws.

7.2. If mediation is unsuccessful, exclusive jurisdiction is granted to the Court of Lugano, Switzerland.

8. Limitation of Liability

8.1. DAC Labs and its affiliates shall not be held liable for any direct, indirect, incidental, or consequential damages arising from participation in the Presale.

8.2. DAC Labs assumes no responsibility for technological failures, blockchain errors, smart contract vulnerabilities, or external cyberattacks that may affect token transactions.

8.3. Participants acknowledge that blockchain transactions are irreversible and DAC Labs cannot refund or recover lost assets.

9. Amendments and Termination

9.1. DAC Labs reserves the right to update or modify these Terms at any time. Any changes will be communicated through official channels.

9.2. The Presale may be modified, postponed, or canceled at DAC Labs’ sole discretion. Participants will be notified of any significant changes.

10. Contact Information

For any inquiries regarding the Presale or these Terms, you can contact us at:
Email: info@dachain.tech
Website: https://www.dachain.tech/contacts