Terms of Use

Entered into force on February 21, 2026.

On-chain voting result: association.dao.eth/transaction-hash

1. General Provisions

1.1. Subject: These Terms of Use (hereinafter the "Terms") regulate the interaction between New Epoch Association (hereinafter the "Association"), a decentralized autonomous association, and any person (hereinafter the "User") accessing or using the Association’s website, software, or owning Association Tokens.

1.2. Acceptance: Use of the website, software, and/or ownership of the Association’s Tokens constitutes unconditional acceptance of these Terms.

1.3. Decentralization: The User acknowledges and agrees that the Association has no central leadership and is governed by a decentralized community through smart contracts.

1.4. Applicable Law: These Terms are governed by the substantive law of Switzerland. Lex Cryptographica (protocol code) is applied subsidiarily.

2. Tokens and Risks

2.1. Token Qualification:

2.1.1. Formation Token (hereinafter "FT"): A digital asset used exclusively to grant the holder access to services provided by the Association’s protocol, including the right to donate funds to Grants for Teams and participate in governance mechanisms to support the Association’s Mission. FT is not a security, investment contract, payment means, or monetary equivalent under applicable regulation.

2.1.2. Governance Token (hereinafter "GT"): A digital asset granting the holder voting rights in the governance of the Association.

2.2. Legal Status: Neither FT nor GT constitute:

2.2.1. Securities (shares, bonds, investment contracts) under the laws of Switzerland, the USA, the European Union, or any other applicable jurisdiction.

2.2.2. Financial instruments, derivatives, or investment products.

2.2.3. Equity interests, profits, or assets of the Association.

2.3. Legal Basis: The classification and legal status of Tokens are thoroughly justified and analyzed in a separate document, the "Token Regulatory Status Memorandum," an integral part of the Association’s legal architecture. The User agrees with the conclusions presented therein.

2.4. Risks: The User acknowledges and accepts the high and irreversible risk of loss of Token value (FT and GT) due to market fluctuations, technical failures, coding errors, or other factors. The Association does not guarantee appreciation, return on investment, or liquidity of Tokens.

2.5. Protocol Risks: The User is notified of risks related to technical failures, vulnerabilities, hacker attacks, and coding errors in the Association’s protocol and smart contracts. The Association does not guarantee uninterrupted operation or absence of losses due to protocol risks.

3. Membership Mechanism and Use

3.1. Membership: To become a member of the Association, the User must acquire FT from the Association and then exchange it 1:1 for GT, which are used for voting.

3.2. Voting: Voting rights are granted exclusively through GT ownership and exercised via the Association’s smart contracts.

3.3. Prohibited Activities: Users are prohibited from using Tokens, the website, or software for any illegal activities, including but not limited to money laundering, terrorism financing, violation of sanction regimes, or fraud.

3.4. Use Denial: The Association reserves the right to restrict or fully block access to its website and/or software for any User violating these Terms, without prior notice.

4. User Obligations and Liability

4.1. AML/CTF and Sanctions Compliance: The User commits to complying with all applicable anti-money laundering, counter-terrorism financing, and international sanctions laws. The User confirms they are not subject to sanctions and do not act on behalf of a sanctioned person.

4.2. KYC/KYB: Users appointed as Authorized Representatives or recipients of the Final Grant Tranche must undergo required identification procedures (KYC/KYB) as mandated by the Association’s AML/CTF and international sanctions Policy. Refusal to comply with such procedures results in inability to perform the Mandate or receive the Grant.

4.3. Tax Responsibility: The User bears sole responsibility for payment of all taxes, fees, and duties related to their participation in the Association, receipt of Grants, and ownership or use of Tokens, according to their jurisdiction’s laws. The Association does not provide tax advice.

5. Blockchain Data and Irreversibility

5.1. Public Nature of Data: The User acknowledges and agrees that any transactions related to Association Tokens, Voting participation, Grant transfers, and other actions executed via the Association’s protocol are recorded in a public, decentralized, and immutable ledger (hereinafter the "Blockchain").

5.2. Irreversibility: The User bears sole responsibility for all data voluntarily published or initiated for publication on the Blockchain (including but not limited to their public address, transaction records, and metadata). The User understands there is no technical possibility to alter or delete such data once recorded on the Blockchain.

5.3. Waiver of Right to be Forgotten: Due to the technological irreversibility of the Blockchain, the User unconditionally waives the right to demand that the Association or any third party delete (erase) their personal data, transaction records, or wallet addresses from the Blockchain, as provided by the "right to be forgotten" or similar regulations under applicable data protection laws.

5.4. Limitation of Liability: The Association is not liable for any damages arising from the public nature of the User’s data on the Blockchain or the impossibility of its deletion. The Association is neither controller nor processor of data directly published by the User in the decentralized public ledger.

6. Limitation of Association’s Liability

6.1. Disclaimer of Warranties: The website, software, protocol, Tokens, and related services are provided "as is" and "as available." The Association makes no warranties, express or implied, including but not limited to fitness for a particular purpose, non-infringement, or absence of errors/malicious code.

6.2. Force Majeure and Technical Risks: The Association is not liable for damages caused by external factors such as network failures, smart contract hacks, hacker actions, legislative changes, or any events beyond the Association’s reasonable control.

6.3. Financial Liability Limitation: The Association’s financial liability to the User on any grounds is strictly limited to assets under the control of the Association’s smart contracts. Under no circumstances shall the Association be liable for indirect, incidental, special, or punitive damages, including lost profits.

7. Dispute Resolution

7.1. Internal Arbitration: All internal disputes, disagreements, or claims arising between the User and the Association shall be resolved in accordance with the Association’s Conflict Resolution and Ethics Regulation.

7.2. External Arbitration: All external disputes, disagreements, or claims between an external counterparty and the Association shall be finally resolved by mandatory arbitration under the Arbitration Rules, incorporated by reference into these Terms and forming an integral part thereof.

8. Effective Date and Amendments

8.1. Effective Date: These Terms enter into force simultaneously with the date and time the Governance Resolution enters into force.

8.2. Amendments: Any amendments to these Terms may only be made through Voting with Qualified Confirmation performed in accordance with the provisions established in the Governance Resolution.

8.3. Notice: Continued use of the Association’s website, software, and Tokens after publication of amendments signifies the User’s acceptance of the updated Terms.