BETA TERMS OF SERVICE

BETA TERMS OF SERVICE

Last updated: January , 2025

These Beta Terms of Service (“Beta Terms”) govern your access to and use of Tea-Fi’s (“we”, “us”, “our” or “Tea-Fi”) Beta Program and the services available thereby (the “Beta Services”) via Tea-Fi’s designated website or application (the “Platform”). By signing up to the Beta Program, and by accessing or using any Beta Services, you agree to be bound by these Beta Terms. If you do not agree with these Beta Terms, please do not sign up to the Beta Program and do not use any Beta Services.

These Beta Terms apply in addition to, and on top of, Tea’Fi’s general Terms of Use, available at https://tea-fi.com/terms-of-use/ (the “Terms of Use”). In any event of contradiction between these Beta Terms and the Terms of Use, these Beta Terms shall govern.

Acceptance of Terms

By signing up to the Beta Program and accessing and using the Beta Services, you acknowledge that you have read, understood, and agree to be bound by these Beta Terms, the Terms of Use, our Privacy Policy, and any additional terms and conditions that are referenced herein or that otherwise may apply to specific sections of our website, the Beta Services or the Beta Program, or any articular portion thereof.

Changes to Terms

We reserve the right to modify or update these Beta Terms at any time. Any changes will be effective immediately upon posting the updated Beta Terms on our website. Your continued use of the Beta Services after the posting of revised Beta Terms constitutes your acceptance of the changes. Please check this page regularly for updates.

Disclaimers and Risks

The Beta Program is designed to test Tea-Fi’s Platform, code, services, security and operability in a live production environment, using real world assets and use cases.

By signing up to the Beta Program, and by accessing or using any Beta Services, you understand, acknowledge, confirm and agree to the following:

  • Access to the Beta Program will be granted to limited numbers of users, over certain periods of time; Tea-Fi shall have sole discretion with regards to approving or rejecting Beta users, and participation is not available to everyone .
  • Tea-Fi may further decide to reduce the number of Beta users and accordingly terminate or remove any user’s access to the Beta Program, at any time without notice.
  • The Beta Services are being provided on an “As Is” or “As Available” basis. The Beta Services may contain bugs, errors, and other problems. YOU ASSUME ALL RISKS AND ALL COSTS ASSOCIATED WITH YOUR USE OF THE BETA SERVICES, INCLUDING, WITHOUT LIMITATION, ANY LOSS OF FUNDS. Tea-Fi shall endeavor to promptly retrieve or assist in the retrieval of any lost funds, but the same cannot be and is not guaranteed.
  • TEA-FI, OR ANY PERSON ON ITS BEHALF, SHALL HAVE NO LIABILITY OF ANY SORT FOR ANY LOSSES, CLAIMS, DAMAGES, EXPENSES OR LIABILITIES ARISING (DIRECTLY OR INDIRECTLY) OUT OF YOUR USE OF THE BETA SERVICES. The limitation of liability above shall not apply to:(i) death or personal injury caused by Tea-Fi’s negligence; (ii) fraud or fraudulent misrepresentation by us; or (iii) any other matter for which it would be illegal for us to exclude or limit such liability.
  • The Beta Services, or any part thereof, may be changed, suspended, removed or otherwise discontinued at any time, with or without notice.
  • The Beta Services are not appropriate for persons who do not have extensive knowledge and experience in using and trading on decentralized finance platforms.
  • Trading, holding and dealing in digital assets carry very high risks, including but not limited to risks associated with the volatility of the value of digital assets, regulatory uncertainty, and cybersecurity threats. You are solely responsible to assess your risk appetite, and you should not use Tea-Fi or the Beta Services if you do not understand or can not bear such risks, including the risk of losing the entire value of your assets.

By signing up to the Beta Program, and by accessing or using any Beta Services, you hereby irrevocably and unconditionally agree to all of the foregoing, and waive any claims of any nature whatsoever in connection therewith.

Fees

Tea-Fi may charge fees in connection with the use of the Beta Services. We will make such fees available via the relevant pages of the Beta Program. Fees may be introduced, removed, added or changed from time to time during the Beta Program, and it is your responsibility to review such changes and the actual fees applicable to your use of the Beta Services when you execute any transaction or make any action via the Beta Program.

Tea Party Program

As part of our Beta Program, we offer our Tea Party program (the “Tea Party Program”), under which you may be entitled, from time to time and in our sole discretion, to earn certain Tea Party points (the “Points” or “Sugar Cubes”) for performing certain tasks and challenges within or in connection with the Beta Program.

The Tea Party Program is intended to incentivize and encourage to use the Beta Program, promote engagement, and gather valuable user feedback, and any benefits or prizes provided thereunder do not represent payment for the provision of services or any other form of remuneration to users.

At the conclusion of the Tea Party Program, or shortly thereafter, the Points shall be used to calculate the Users’ portion of the $TEA token airdrop (the “Airdrop”). For the purpose of the Airdrop, we shall determine, in our sole discretion, the number of $TEA token to be distributed to all eligible Users, and subsequently distribute the $TEA token to such eligible Users based on a formula taking into account: (i) the number of Points collected by such User; and (ii) a volume factor multiplier (the “Volume Factor Multiplier”), enlarging the Airdrop portion of Users who have transacted higher volumes via the Beta Program (and vice versa). The Volume Factor Multiplier will be determined solely by Tea-Fi and may be adjusted based on the overall Beta Program volumes, and any data shared in this regard prior to the conclusion of the Tea Party Program shall be deemed as a mere indication and not binding .

For the purpose of calculating each User’s eligible trading volume, Tea-Fi shall, in its sole discretion, disregard any transactions which it deems or suspects to be fraudulent, artificial or manipulative.

We will publish, from time to time and at our sole discretion: (i) the tasks and challenges; (ii) the number of Points corresponding to each task or challenge; (iii) the time limits of each task. Any such item may be changed at any time and in our sole discretion, without prior notice, simply by us changing the relevant information on the Platform.

We reserve our rights to: (i) determine, in our sole discretion, whether a task or a challenge was successfully and fairly completed; (ii) cancel any Points, before or after they were credited to your account, terminate your Tea Party Program account, or disqualify any User (or any Points earned by the User) from participating in the Airdrop, if we have reasonable suspicion that any Points were obtained in a fraudulent, deceptive, unlawful or immoral manner, that you have violated these Beta Terms or our Terms of Use, or that crediting you with any Points or providing you with any of the benefits may be unlawful; and (iii)  terminate the Tea Party Program, in whole or in part, at any time, in our sole discretion and without providing any prior notice. When so terminated, all unredeemed Points will be forfeited without any obligation or liability, and no benefit claims will be honored thereafter.

Points for completed tasks shall generally be credited to Users’ accounts within 7 days of such completion, however it may be further delayed for a variety of reasons, including technical issues and eligibility reviews.

The Points are not redeemable save for as explicitly provided herein, are non-transferrable, and have no value whatsoever outside of the Tea Party Program. By participating in the Tea Party Program you acknowledge and understand that the Points shall have no cash value and that we will not compensate or pay cash for any forfeited or unused Points.

You may not sell, transfer, barter or otherwise utilize the Points for any purpose external to the Tea Party Program. Any such attempted transfer, barter, sale or use will be void, and we reserve the right to cancel such Points or refuse to honor or recognize them.

The Tea Party Program shall commence and end on such dates that we may, in our sole discretion, determine. Any timeframes we may provide via the Platform, including for the completion of any task or for the duration of the Tea Party Program, is subject to change from time to time and without notice.

To be eligible to participate in the Tea Party Program, you must be an approved user of the Beta Program, comply with all terms and conditions set forth herein, open a Tea-Fi account and connect your wallet to the Platform.

We may, in our sole discretion and subject to all relevant legal, commercial and business considerations, subject any Airdrop tokens to a vesting or lockup mechanism.

Tea-Fi may from time to time during the Tea Party Program hold raffles or contests for Beta Program participants. Any such raffle shall be subject to the terms hereof and  any terms (including eligibility criteria and prerequisites, prizes) as indicated in the relevant page on the Platform. All raffle/contest decisions, including winner selection and reward distribution, are final and at the sole discretion of Tea-Fi.

Referrals

As part of our Beta Program, we offer our referral program (the “Referral Program”), allowing you to introduce other users to the Tea-Fi Platform, via a dedicated link or code. Any such referred user, subject to eligibility and meeting the terms hereof, shall be counted as your referral, and you shall be entitled to receive the rewards specified on the Platform in connection with such referral. For the avoidance of doubt, such rewards may be in different forms, as published on the Platform from time to time, including but not limited to Points under the Tea Party Program, $Tea tokens or any other form. Such benefits shall be accrued solely during the duration of the Referral Program, and of any other relevant program (e.g. Sugar Cubes shall only be accrued through the duration of the Tea Party Program; any other rewards shall be subject to the terms and duration of the Referral Program or any portion thereof, which we may terminate or change at any time).

To be eligible to participate in the Referral Program and to receive any rewards, both you and each referred user must have an active account in good standing and be in full compliance with these Beta Terms or our Terms of Use, as well as meet any specified criteria outlined on the Platform from time to time. We reserve the right to modify eligibility requirements at any time.

We reserve our rights to: (i) determine, in our sole discretion, whether a referral was made, and the Referral Program utilized, in compliance with all eligibility criteria and compliance with all relevant terms; (ii) cancel any referral reward, before or after they were credited to you, terminate your Referral Program participation, withhold, cancel or revoke any referral reward if we have reasonable suspicion that any referral was made or utilized in a fraudulent, deceptive, unlawful or immoral manner, that you have violated these Beta Terms or our Terms of Use, or that the provision any of referral reward to you may be unlawful; and (iii)  terminate the Referral Program, in whole or in part, at any time, in our sole discretion and without providing any prior notice.

Referral reward may be subject to certain terms, including lockups or vesting periods, or otherwise be calculated and delivered on a periodic basis, as we may determine appropriate in our sole discretion.

By participating in the Referral Program, you hereby represent and warrant to us, in connection with any use of the Referral Program, any particular referral (or attempted referral):

  • You will not manipulate the Referral Program in any way, including by creating fictitious accounts, wallets, users, trades or transactions;
  • You will not manipulate, threat, force any person or otherwise try to make any referral by any unlawful, violent, immoral or deceptive acts;
  • You will not make any representation purported to be on behalf of Tea-Fi to any person and on any media;
  • You will not provide any false, misleading or inaccurate information about Tea-Fi, its products and services; and
  • Any communication you make in connection with Tea-Fi, to any person and on any media, must at all times be in compliance with all applicable laws, rules and regulations, including the rules of any website, platform or social media on which it is made.

You alone shall be responsible for any communication you make, to any person and on any media, and Tea-Fi shall have no responsibility whatsoever in connection therewith. Without derogation to any other right Tea-Fi may have in this regard, you hereby agree to immediately reimburse Tea-Fi,to the fullest extent permitted by law, against any costs, damages and expenses it (or its affiliates, directors, officers or employees) may suffer as a result of your communication in connection with Tea-Fi, to any person and on any media.

 

Intellectual Property Rights

Tea-Fi may collect analytical data about transactions and use of the Beta Program and Beta Services, and may further seek input from Beta Users regarding their experience, including asking them to share ideas, feedback, suggestions and recommendation with respect to the Tea-Fi Platform (the “Feedback”). The
Feedback and any intellectual property developed using any Feedback, shall be the exclusive property of Tea-Fi, and if for any reason whatsoever it is further needed, you hereby grant Tea-Fi a perpetual, non-revocable, royalty-free worldwide license to use, incorporate, monetize and commercialize any Feedback into any of our products or services at any time at our sole discretion. If we choose to publish any Feedback, we will either do so in a way that does not identify you or seek your consent in the event we do wish to identify you.

Contact Information

For any questions about these Beta Terms, please contact us at ________

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