Terms and Conditions

Last Updated: April 24, 2024

Welcome to FR3, an NFT project offered by WizardGeekNinja. This Terms and Conditions document outlines the legal agreement between you (the "User") and FR3 ("Company", "we", "us") regarding your purchase, ownership, and use of the FR3 Chests of Destiny NFTs ("Digital Assets").

1. Acceptance of Terms

By minting or purchasing Digital Assets, you agree to be bound by these Terms and Conditions, our Privacy Policy, and any additional terms applicable to specific features of the Digital Assets, all as updated from time to time. If you do not agree to these terms, do not use our Digital Assets.

2. Ownership and Usage Rights

  • Ownership: Upon successful minting or transfer, you own the NFT. Ownership of the NFT is mediated entirely by the Smart Contract and the Solana Blockchain network, which we do not control.
  • Usage: Ownership of the NFT confers the right to use, copy, and display the associated digital items for personal, non-commercial use.

3. Intellectual Property

All art and content associated with the Digital Assets are the property of FR3 and its affiliates. Ownership of the NFT does not grant any rights or licenses to use FR3's intellectual property for commercial purposes unless explicitly authorized by FR3.

4. Purchase and Sale

  • Minting and Purchasing: NFTs can be minted or purchased through approved platforms using Solana cryptocurrency. Prices and availability are subject to change as determined by market factors and company discretion.
  • Secondary Market: Users may resell NFTs on secondary markets. However, a royalty fee will be applied to secondary market transactions, supporting ongoing project development.

5. Eligibility and Participation

Eligibility Criteria

  • Age Requirement: Participants must be at least 18 years old or the legal age of majority in their jurisdiction to mint, buy, or sell Digital Assets.
  • Geographic Location: Participation is open to individuals worldwide, except where prohibited by local law or regulation. Participants are responsible for ensuring that their involvement complies with local laws and regulations.
  • Account Verification: Participants must have a verified Discord account to engage with community activities and for communication purposes.

Required Actions for Participation

  • KYC Verification: All participants wishing to purchase NFTs or participate in raffles for event tickets must complete Know Your Customer (KYC) verification. This process is necessary to ensure compliance with anti-money laundering regulations and to verify the identity of each participant.
  • Registration for Events: Participants must register for events through the provided channels on our Discord server or website. Registration details and deadlines will be communicated well in advance of each event.
  • Prize Claims: Winners of raffles or competitions must validate their entry by providing necessary personal information and completing additional verifications if required. This may include confirming travel readiness, such as passport validity and visa requirements.

Compliance with Terms

  • Agreement to Terms: By participating in the NFT sale or associated events, participants agree to abide by these Terms and Conditions, as well as any other rules or guidelines provided by FR3.
  • Privacy Agreement: Participants agree to the collection and use of their personal data as outlined in our Privacy Policy, particularly concerning the handling of KYC information and event registrations.

6. No Guarantee of Value

The Digital Assets are collectible digital items. The Company does not guarantee that they will retain their original value or increase in value. You acknowledge that economic and market factors may impact their value.

7. Cancellation and Refunds

All transactions involving Digital Assets are final. Refunds are not available except where required by law.

8. Risks

You accept and acknowledge the risks associated with blockchain technology and digital assets, including, but not limited to, market volatility and technological and regulatory risks.

9. Termination and Suspension

The Company may, at its discretion, limit, suspend, or terminate your access to Digital Assets if you breach these Terms and Conditions or engage in activities that violate the rights of others.

10. Changes to Terms

The Company reserves the right to modify these Terms and Conditions at any time. Your continued use of Digital Assets after changes implies your acceptance of the new Terms.

11. Governing Law

These Terms and Conditions are governed by the laws of Singapore without regard to its conflict of law provisions.

12. Dispute Resolution

Disputes arising from these Terms will be resolved exclusively in the courts of Singapore.

13. Event Participation and Logistics

Ticketing Process and Selection of Winners

  • Raffle Process: Event tickets, along with airline tickets, will be awarded through a raffle that will be conducted shortly after the NFT launch. This ensures every participant has an equal chance of winning post-launch.
  • Selection of Winners: Winners are chosen through a transparent, automated raffle system to ensure fairness. The algorithm used for the selection is designed to be unbiased and audited for integrity.
  • Notification and Winner Confirmation: Winners will be notified via their registered email associated with their Discord account. They must confirm their acceptance of the prize within one week of notification to proceed with the booking process.

Prize Inclusions

  • Event Tickets: Access to specific events as detailed at the time of the raffle announcement.
  • Airline Tickets: Round-trip economy class airfare to the event location will be provided. Booking will occur after winners are confirmed and necessary travel documents are verified to ensure availability.
  • Hotel Accommodations: Winners will stay at a luxurious hotel. Accommodations are arranged post-winner confirmation and are based on double occupancy.

Prize Exclusions

  • Travel Insurance: Winners are responsible for arranging their own travel insurance. It is recommended that insurance covers any unforeseen circumstances during the trip.
  • Visas and Travel Documents: Winners are responsible for securing all necessary travel documents, including visas. All associated costs and arrangements for these documents are the responsibility of the winners.
  • Personal Expenses: Winners will need to cover personal expenses such as meals not included with the hotel stay, souvenirs, and personal transportation.

Additional Terms

  • Booking Process: Once winners confirm their acceptance of the prize, we will require their personal information to proceed with booking flights and accommodations. This process is contingent on the verification of all required travel documents.
  • Unclaimed Prizes: If a winner does not confirm their prize within one week, the prize may be forfeited. We reserve the right to select an alternate winner or reallocate the prize in subsequent raffles.
  • Compliance with Local Laws: Participants must adhere to the legal requirements of both their home jurisdiction and the event location. Non-compliance may lead to disqualification and forfeiture of the prize.

14. Liability Limitations

Unforeseen Changes or Cancellations of Events

Disclaimer: FR3 and its affiliates are not responsible for any changes or cancellations of events due to external factors beyond our control, such as severe weather, strikes, civil unrest, or health emergencies. In such cases, we will make efforts to notify participants as soon as possible and provide alternatives or solutions, but no guarantees can be made for rescheduling or refunding.

Travel Disruptions

Limitations of Liability: FR3 will not be held liable for disruptions in travel arrangements including but not limited to flight cancellations, delays, or lost luggage. While we assist in arranging travel bookings, the ultimate responsibility for the delivery of these services rests with the respective service providers (e.g., airlines, travel agencies). Participants are encouraged to have comprehensive travel insurance to cover these risks.

Health Issues

Health and Safety: Participants are responsible for their own health and safety during the trip. FR3 does not assume liability for any personal illness, injuries, or health-related issues that occur during the event or as a result of travel to and from the event. Again, participants are strongly advised to secure adequate health and travel insurance.

Other Potential Liabilities

General Limitations: FR3, including its directors, employees, and partners, will not be liable for any loss, damage, injury, or expenses incurred by participants beyond the provision of the tickets as specified in the raffle prize details. This includes but is not limited to indirect or consequential losses such as loss of enjoyment or financial losses arising from any changes to the event details or cancellations.

Indemnification

Participant Responsibility: By accepting the prize, winners agree to indemnify and hold harmless FR3 and its affiliates from any claims, damages, losses, or expenses arising out of their participation in the event, acceptance, use, or misuse of any prize, or travel to and from the event.

15. Indemnification

Participant Agreement: Participants agree to indemnify, defend, and hold harmless FR3, its affiliates, partners, and their respective directors, officers, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including, without limitation, reasonable legal and accounting fees, arising out of or in any way connected with their actions during the events. This includes any liability or expense arising from all claims, losses, damages (actual and consequential), suits, judgments, litigation costs, and attorneys' fees of every kind and nature.

16. Intellectual Property

  • Ownership and Usage Rights: All NFTs, promotional materials, and content created during events, including photos and videos, are the intellectual property of FR3. Participants are granted a non-exclusive, non-transferable, and limited right to use the NFTs and related materials for personal, non-commercial use. Any commercial use, reproduction, or distribution of event content must receive prior written consent from FR3.
  • Content Created by Participants: Content created by participants during the events that incorporate any intellectual property of FR3, such as photographs or videos including event imagery, must not be used for commercial purposes without explicit permission.

17. Dispute Resolution

  • Governing Law: These Terms and Conditions are governed by and construed in accordance with the laws of Singapore.
  • Jurisdiction: Any disputes or claims arising out of or in connection with the terms herein will be adjudicated exclusively in the courts of Singapore.
  • Dispute Process: Participants are encouraged to contact FR3 directly to seek a resolution for any disputes before filing any legal claim.

18. Amendments and Termination

  • Amendments: FR3 reserves the right to amend these Terms and Conditions at any time. All amendments will be posted on our platform and effective immediately upon posting. Continued participation in the project after such amendments will constitute acceptance of the new terms.
  • Termination of Participation: Participants may terminate their participation in the project at any time by notifying FR3 in writing. FR3 may also terminate a participant's involvement at any time, for any reason, with written notice to the participant.

19. Transferability of Tickets

Non-Transferability: Event tickets are strictly non-transferable. Tickets will be issued only to the NFT owner who has passed KYC verification processes. Any attempt to transfer tickets will lead to automatic disqualification from the event, and may result in forfeiture of the ticket without refund or compensation.

20. Contact Us

For any questions or concerns regarding these Terms, please contact us at hello@fr3.io.