Airdrop Terms & Conditions

MultichainZ Token Airdrop

Terms & Conditions

Last Updated: May 25, 2024

By participating in the Airdrop, including but not limited to by entering a wallet (as defined below) pursuant to the terms and processes described herein, you acknowledge that you have read, understood, and agreed to these Airdrop Terms & Conditions in their entirety. It is your responsibility to make your own decision regarding your participation in the Airdrop and any receipt of tokens. Participation in the Airdrop is solely at your own risk, and it is your sole responsibility to seek appropriate professional, legal, tax, and other advice before participating in the Airdrop and before receiving any tokens.

By participating in the Airdrop, you expressly acknowledge and assume all risks related thereto, including (without limitation) those risks outlined below. In no event shall the Organization or any associated personnel be liable for any claims, losses, damages, or other liabilities, whether in contract, tort, or otherwise, arising out of or in connection with the Airdrop or the receipt of any tokens.

The Organization does not take any responsibility for participants' involvement in the Airdrop. The Organization does not provide any recommendation or advice regarding the Airdrop or the tokens. Each participant engages in the Airdrop at their own risk and receives tokens at their own risk.

Welcome to the MultichainZ Airdrop!

These Token Airdrop Terms & Conditions (“Airdrop Terms”) govern the participation in and receipt of tokens (“MultichainZ” or “Tokens”) through the airdrop program (“Airdrop”) organized by AS Labs Pte, a Singapore based company, and its subsidiaries, including MultichainZ Dao (collectively, “Organization”, “we” or “us”). By participating in the Airdrop, you (“Participant”) agree to be bound by these Airdrop Terms. These Airdrop Terms are supplemental to, and incorporate by reference, our general Terms of Service available at MultichainZ Terms of Use (“General Terms”). Defined terms used but not defined herein have the meaning set forth in the General Terms. The Airdrop, and your participation in it, is a Service as defined under the General Terms.

These Airdrop Terms govern your ability to use our Services in order to participate in the Airdrop. Please read these Airdrop Terms carefully, as they include important information about your legal rights. Please also read the General Terms carefully. By participating in the Airdrop, you are agreeing to these Airdrop Terms and the General Terms. If you do not understand or agree to these Airdrop Terms and the General Terms, please do not participate in the Airdrop.

You represent and warrant that all information provided during the Airdrop process is true, accurate, and complete. You agree and acknowledge that (a) you are solely responsible and liable for all taxes due in connection with your participation in the Airdrop; and (b) you should consult a tax advisor with respect to the tax treatment of Airdrop MultichainZ in your jurisdiction. You agree and acknowledge that you are responsible for complying with all applicable laws of the jurisdiction in which you reside or in which you are participating in the Airdrop and claiming Airdrop MultichainZ.

You agree that you are not (i) a Prohibited Person (as defined in the General Terms); (ii) directly or indirectly acting on behalf of a Prohibited Person; and (iii) located in or accessing the Services from a Prohibited Jurisdiction (as defined below). You agree that you will not use a virtual private network (“VPN”) or similar tool to circumvent any geo-blocking and/or other restrictions that we have implemented in connection with the Airdrop. Any such deliberate circumvention, or attempted circumvention, of our controls may permanently disqualify you from participation in the Airdrop, as determined at our discretion.

You agree and acknowledge that your participation in the Airdrop does not violate any applicable laws, including without limitation applicable economic and trade sanctions and export control laws and regulations, such as those administered and enforced by the EU, OFSI, OFAC, the U.S. Department of State, the U.S. Department of Commerce, the UN Security Council, and other relevant authorities.

You agree and acknowledge that the Organization reserves the right to require additional information from you and to enter, use, or share such information into or with a Screening Service Provider (as defined below), and its systems, tools, or functionalities, as the Organization deems appropriate in its sole discretion, including to reduce the risks of money laundering, terrorist financing, sanctions violations, or other potentially illicit activity, or as otherwise necessary to address laws and regulations that may be relevant to the Airdrop or the Tokens.

You agree to provide complete and accurate information in response to any such requests.

You agree and acknowledge that the Organization is not responsible and cannot be held liable for any losses, expenses, or delays resulting from inaccurate or incomplete information, and you agree to assume full responsibility for any and all risks associated therewith.

You agree and acknowledge that your participation in the Airdrop and claim of Airdrop MultichainZ does not require or involve any form of purchase, payment, or tangible consideration from or to us, nor otherwise require or involve any acceptance of value by us from you.

You agree and acknowledge that you (a) lawfully may receive Tokens for free via the Airdrop (other than gas fees or applicable taxes, if any, that may be due to third parties), (b) were not promised the Tokens or any tokens (whether via the Airdrop or otherwise); and (c) took no action in anticipation of, or in reliance on, receiving the Tokens or any tokens, the occurrence of an Airdrop, or potential participation in any Airdrop.

Your eligibility to receive Airdrop tokens or participate in the Airdrop is subject to our sole discretion. The Airdrop shall be conducted during a specified period, as determined by the Organization in its sole discretion and announced on its website https://multichainz.com (the “Airdrop Period”).

Participants must follow the instructions set forth in any Airdrop announcement and/or such other instructions as may be provided by the Organization from time to time to participate in the Airdrop. The number of Tokens allocated to each Participant will be determined by the Organization, in its sole discretion, and such allocation may vary among Participants. Tokens may be made available for claims after an initial period in which Participants can check eligibility for, but not claim, Airdrop MultichainZ.

You agree and acknowledge that you are not entitled to receive any Airdrop MultichainZ and/or to participate in the Airdrop based on any documentation, commentary, calculators, metrics, and/or points systems published or otherwise made known by third parties monitoring activities on the MultichainZ Protocol (or any of its smart contracts) or providing third-party applications or services relating thereto (“Third-Party Publications and Services''). You have no claim to MultichainZ based on such Third-Party Publications and Services. The Organization does not review, control, monitor, or confirm the accuracy of information that may be provided through Third-Party Publications or Services. You agree and acknowledge that you have not engaged, and will not engage, in any activities designed to obtain Airdrop MultichainZ, including on the basis of, or in reliance on, Third-Party Publications and Services.

You agree that you are the legal owner of the Airdrop Address (as defined below) that you use.

Eligibility

In its sole discretion, MultichainZ determines the eligibility criteria for participation in the Airdrop, including the distribution of MultichainZ tokens to eligible Participants. The amount of MultichainZ tokens distributed may vary among eligible Participants based on the criteria set by MultichainZ for each Airdrop. MultichainZ has no obligation to notify participants of the eligibility criteria for any Airdrop.

MultichainZ reserves the right to disqualify any Participant deemed ineligible for an Airdrop, including those engaging in conduct deemed harmful, unlawful, inappropriate, or unacceptable. Disqualification may occur if MultichainZ determines, for example, that a Participant attempted to manipulate the Airdrop by using multiple addresses.

Participants must have full legal capacity and authority to agree to the Airdrop Terms, be at least 18 years of age, or of legal age to form a binding contract under applicable laws. If acting on behalf of a legal entity, Participants represent and warrant that they have all necessary rights and authorizations to do so.

MultichainZ employs a risk-based program for the Airdrop and related participation through its website, MultichainZ Claims Website https://multichainz.com, screening claims using data and tools provided by an independent blockchain analytics provider. Participants are subject to geo-location and proxy detection controls to prevent access from Prohibited Jurisdictions. MultichainZ reserves the right to take additional steps to verify the identity and eligibility of any person.

By using the Services and participating in any Airdrop:

a. Your Airdrop Address may be excluded if MultichainZ detects threshold transactions between your Airdrop Address and another address associated with certain risk-exposure categories.

b. Your IP Address may be excluded if geo-location controls detect that you may be located in a Prohibited Jurisdiction. Prohibited Jurisdictions are subject to change at MultichainZ's discretion.

c. MultichainZ employs proxy and VPN detection and blocking controls to prevent claims from users detected to be using such technologies.

User Interface Disclaimer

The only website for MultichainZ Claims is multichainz.com (https://multichainz.com).

Use of the MultichainZ Claims website and participation in the Airdrop are at the user's risk. The Services are provided on an “as is'” and “as available” basis. MultichainZ expressly disclaims all warranties of any kind, whether express, implied, or statutory.

MultichainZ makes no warranty that the Airdrop or the Services will meet your requirements or be uninterrupted, timely, secure, or error-free. MultichainZ also makes no warranty regarding the accuracy or reliability of results obtained from the Services.

By accessing and using the Airdrop or the Services, you represent and warrant that you understand the inherent risks associated with cryptographic and blockchain-based systems and have a working knowledge of digital assets. You further acknowledge the volatility of digital asset markets and assume full responsibility for all risks associated with accessing and using the Airdrop and the Services.

MultichainZ will not be liable for any indirect, incidental, special, or consequential damages resulting from the use of the Airdrop or the Services. This includes damages for loss of profits, goodwill, data, or other intangible losses, whether based on contract, tort, negligence, strict liability, or otherwise.

Coinlist Genesis

Coinlist participants who will use the MultichainZ Testnet launch, will have the opportunity to participate in the exclusive Coinlist Genesis program. After which, the point system will kick off and all the points accumulated will automatically appear on your account. Points to token ratio will be shared at least 24-72 hours before TGE, The MultichainZ team reserves the right to change the points to token ratio depending on participation. Any subsequent points changes will be posted via our official channels.

No Professional Advice and No Fiduciary Duties

All information provided through MultichainZ, including the website and the Airdrop, is for informational purposes only and should not be construed as professional advice. Before making any financial, legal, tax, or other decisions related to the Airdrop or the Services, you should seek independent professional advice from a licensed and qualified individual.

These Airdrop Terms do not create or impose any fiduciary duties on MultichainZ. To the fullest extent permitted by law, Multichainz disclaims any fiduciary duties or liabilities to you or any other party. You agree that MultichainZ only owes you the duties and obligations expressly outlined in these Airdrop Terms.

Limitation of Liability and Indemnification

You acknowledge and agree with the disclaimers, limitations of liability, and indemnification provisions outlined in the General Terms.

Entire Agreement

These Airdrop Terms, along with the General Terms, constitute the entire agreement between you and MultichainZ regarding the Airdrop. Any modifications to these Airdrop Terms will be effective upon posting on the website or as specified in the updated terms. Your continued participation in the Airdrop after any modifications constitutes acceptance of the updated terms.

Severability

If any part of these Airdrop Terms is held to be illegal, invalid, void, or unenforceable, that part will be severed without affecting the validity or enforceability of the remaining provisions. Invalid or unenforceable provisions will be interpreted to reflect the intent of the original provisions to the fullest extent permitted by law.

Risk Factors

Claiming, using, transacting in, holding, or purchasing ChainZ involves a high degree of risk, including unforeseen risks. You should consult with legal, tax, and financial advisors and carefully consider the risks described in these Airdrop Terms before deciding whether to participate. MultichainZ disclaims any liability for the risks associated with ChainZ and the following risks:

1. Technical Vulnerabilities: Flaws in the Ethereum Virtual Machine (EVM) could compromise the integrity and security of the MultichainZ protocol, leading to data corruption, disruptions in operations, and potential loss of digital assets.

2. Ethereum Hard Fork Risks: Changes in the Ethereum protocol through hard forks could render MultichainZ's smart contracts incompatible or dysfunctional, impacting its operation and user incentives.

3. Quantum Resistance: Quantum computers could potentially break cryptographic algorithms, compromising the security of Ethereum, MultichainZ, and digital asset holders.

4. Slashing Events: Immediate adjustment of economic incentives following slashing events on Ethereum may be hindered, potentially incentivizing negligent or malicious activities and impacting MultichainZ adoption.

5. Concentration of Staked Assets: Governance and economic risks arise if staked assets on MultichainZ become too concentrated, potentially leading to centralized control and adverse effects on the protocol.

6. Other Risks: Various factors such as lack of user interest, regulatory challenges, and macroeconomic factors could affect the viability of MultichainZ over time.

7. Risks Relating to ChainZ: Lack of a public market, extreme illiquidity, inflation, and adverse activities in secondary markets pose risks to MultichainZ holders' ability to use and trade $ChainZ.

8. Governance Risk: Upgrades to the ChainZ smart contract may not be fully controlled by the organization, potentially leading to mismanagement or adverse actions by protocol users.

9. Legal and Regulatory Risks: Evolving laws and regulations, including potential classification of ChainZ as securities, could impact the protocol's operation and market sentiment.

10. Operational Risk: Competition, security weaknesses, and delays in decentralized operations could affect the growth and utilization of MultichainZ.

11. Unanticipated Risks: As a new technology, ChainZ and the MultichainZ protocol may face unforeseen risks and challenges, including fraudulent activities targeting users. 12. Eigenlayer Restaking Risks: Integrating Eigenlayer's restaking infrastructure may expose MultichainZ to risks from smart contract bugs, reorganization attacks, and other systemic vulnerabilities. Any failure in Eigenlayer's mechanisms could lead to asset loss, reduced rewards, and new regulatory or operational challenges. 13. SSV Infrastructure Risks: Dependence on SSV for validator management introduces risks such as technical vulnerabilities, operational failures, or security breaches within the SSV network, potentially disrupting MultichainZ's validator operations and compromising asset security.

Website Disclaimer

The only website for MultichainZ claims is https://Multichainz.com, Do not trust any other website, regardless of its source or origin, or any link redirecting you to a different website.