$KRAIN Airdrop

These terms govern your participation in the Krain Token Airdrop Program (“Airdrop Program”), administered by Krain LLC, an Arizona limited liability company. By accessing, participating in, using, signing up for or engaging with the Airdrop Program, you confirm that you have read, understood, and agreed to these Terms and Conditions (“Airdrop Terms”) and any related policies referenced herein.

Your participation in the Airdrop Program is voluntary and entirely at your own risk. You bear sole responsibility for obtaining appropriate legal, financial, tax, or other professional advice regarding your participation, including any implications of receiving or failing to receive Krain Tokens. If you do not agree to these Airdrop Terms, you are not permitted to participate in the Airdrop Program.

1. Eligibility and Exclusions.

Participation in the Krain Token Airdrop Program is limited to individuals and entities who meet the eligibility criteria established by Krain LLC. By participating, you represent and warrant that:

1.1 You are not a resident, citizen, or entity organized under the laws of the United States or any jurisdiction prohibited under these Airdrop Terms (“Prohibited Jurisdictions”). Prohibited Jurisdictions include, but are not limited to, countries subject to international sanctions, restrictions, or heightened regulatory scrutiny.

1.2 You are not a “Restricted Person,” defined as any individual or entity included on applicable government watchlists, sanctions lists, or otherwise subject to regulatory prohibitions.

1.3 You are of legal age and meet the age of majority requirements in your jurisdiction.

1.4 Krain LLC may employ automated and manual methods, including geo-location and IP-address verification, to assess participants’ eligibility. Participants may not use virtual private networks (VPNs), proxy servers, or other tools to mask their location or circumvent geographic restrictions. Attempts to bypass these controls may result in immediate disqualification.

1.5 Krain LLC reserves the right to request additional information or documentation to verify compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations or to ensure adherence to applicable laws. Participants agree to cooperate fully by providing accurate and truthful information. Failure to comply may result in disqualification or forfeiture of tokens.

2. Participation Requirements.

To participate in the Krain Token Airdrop Program, you must meet the following requirements and agree to the associated conditions:

2.1 You must own and provide an eligible digital wallet capable of receiving Krain Tokens. The wallet must support the blockchain network on which the Krain Tokens are issued. You are solely responsible for ensuring your wallet is correctly configured and secure, including safeguarding private keys, seed phrases, and any credentials required to access the wallet. Krain LLC will not assist in managing or recovering wallets or credentials.

2.2 You must provide accurate, complete, and truthful information as part of your participation in the Airdrop Program. Providing false or incomplete information may result in disqualification or forfeiture of tokens.

2.3 Claims for Krain Tokens must be submitted within the designated claim period (“Claim Submission Period”). Claims submitted after the Claim Submission Period will not be processed, and any unclaimed tokens may be forfeited at Krain LLC’s sole discretion.

2.4 You agree to follow all instructions and procedures established by Krain LLC for claiming and receiving Krain Tokens, including adherence to any technical or security protocols required during the claim process.

2.5 Participation in the Airdrop Program does not require any purchase, payment, or transfer of consideration. Krain Tokens are distributed free of charge, except for any applicable gas fees or other third-party charges associated with blockchain transactions, which remain your responsibility. Failure to comply with the requirements in this section may result in exclusion from the Airdrop Program and revocation of any claimed tokens.

3. Risks and Disclaimers

3.1 Participation in the Krain Token Airdrop Program involves significant risks, including, but not limited to, technical issues, regulatory uncertainties, and potential financial loss. By participating, you acknowledge that you have independently assessed these risks and accept full responsibility for any consequences arising from your participation.

3.2 You are solely responsible for securing your digital wallet, including safeguarding private keys, seed phrases, and any credentials related to its access. Krain LLC has no control over or responsibility for the security of your digital wallet and will not replace or recover lost, stolen, or compromised tokens or wallet credentials.

3.3 Blockchain technology is inherently subject to risks such as network failures, vulnerabilities in smart contracts, and susceptibility to malicious actions, including but not limited to hacking, denial-of-service attacks, and fraud. You acknowledge that these risks may impact your ability to claim, receive, or use Krain Tokens.

3.4 Krain Tokens are distributed “as is” and “as available,” with no warranties or guarantees regarding their functionality, usability, or market value. Krain LLC disclaims all implied warranties, including, but not limited to, warranties of merchantability, fitness for a particular purpose, and non-infringement.

3.5 Participation in the Airdrop Program does not create any fiduciary duty or advisory relationship between you and Krain LLC. All information provided by Krain LLC related to the Airdrop Program is for informational purposes only and should not be considered legal, financial, or tax advice.

3.6 You are responsible for ensuring that your participation in the Airdrop Program complies with all applicable laws, regulations, and restrictions in your jurisdiction. Krain LLC is not liable for your failure to comply with such laws or regulations, including any economic or trade sanctions.

3.7 Krain LLC reserves the right to suspend, modify, or terminate the Airdrop Program at any time without prior notice. Krain LLC shall not be held liable for any loss, delay, or failure arising from events beyond its control, including but not limited to natural disasters, regulatory actions, or technical failures.

3.8 By participating in the Airdrop Program, you expressly waive any claims against Krain LLC for losses or damages arising from your participation, including any inability to claim or use Krain Tokens or any loss of value associated with the tokens.

3.9 Participants acknowledge that the value of Krain Tokens is highly volatile and may have no market value. Krain LLC provides no assurances regarding the future functionality, usability, or marketability of Krain Tokens.

3.10 Participants are solely responsible for determining and complying with any tax liabilities associated with the receipt or holding of Krain Tokens in their jurisdiction. Krain LLC does not provide tax or legal advice and recommends consulting qualified professionals to understand the implications of participation.

3.11 The Krain Token and its associated blockchain network are part of an evolving technology landscape. Participants acknowledge that (a) Competing platforms or projects may diminish the value or utility of Krain Tokens, (b) Technological upgrades or network changes may introduce compatibility issues or vulnerabilities, (c) Smart contracts may contain errors, bugs, or security flaws that could lead to loss of tokens or functionality, (d) Decentralized governance, if applicable in the future, may lead to operational inefficiencies or risks.

4. Liability and Indemnification

4.1 To the fullest extent permitted by law, Krain LLC and its affiliates, officers, directors, employees, agents, contractors, and licensors (collectively, the “Krain Parties”) shall not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages arising from or related to your participation in the Airdrop Program. This includes, but is not limited to, damages for loss of profits, data, or business opportunities, even if Krain LLC has been advised of the possibility of such damages.

4.2 The Krain Parties shall not be liable for any failure, delay, or interruption in the Airdrop Program caused by factors beyond their reasonable control, including, but not limited to, blockchain network outages, technical failures, security breaches, natural disasters, or changes in applicable laws or regulations.

4.3 You agree to indemnify, defend, and hold harmless the Krain Parties from and against any and all claims, damages, liabilities, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) Your participation in the Airdrop Program, including your claiming or receipt of Krain Tokens; (b) Your violation of these Airdrop Terms or any applicable laws, regulations, or third-party rights; or (c) Your misuse of Krain Tokens or your failure to secure your digital wallet or private keys.

4.4 If you are obligated to indemnify the Krain Parties, Krain LLC reserves the right to control the defense, settlement, or resolution of any such claim, at your expense, and you agree to fully cooperate with Krain LLC in its defense.

4.5 In no event shall the aggregate liability of the Krain Parties, arising out of or relating to your participation in the Airdrop Program, exceed the total value of gas fees incurred by you to claim or receive Krain Tokens.

5. Dispute Resolution

5.1 Any dispute, claim, or controversy arising out of or relating to these Airdrop Terms, the Airdrop Program, or your participation in the program shall be resolved exclusively through binding arbitration, except as provided below in Section 5.5.

5.2 Arbitration shall be conducted in accordance with the rules of the American Arbitration Association (AAA) and held in the State of Arizona, United States. If arbitration becomes unfeasible, disputes may be resolved in the courts of Arizona. The arbitration shall be conducted in English, and the arbitrator’s decision shall be final and binding on the parties.

5.3 You waive the right to participate in any class action, collective action, or other representative proceeding against Krain LLC or its affiliates. All disputes must be resolved on an individual basis.

5.4 You agree that any claim or dispute arising out of or related to these Airdrop Terms or your participation in the Airdrop Program must be filed within one (1) year after the cause of action arises. Claims not filed within this period will be permanently barred.

5.5 Notwithstanding the arbitration clause above, Krain LLC retains the right to seek injunctive or equitable relief in a court of competent jurisdiction to protect its intellectual property, confidential information, or other proprietary rights.

5.6 The governing law for these Airdrop Terms shall be the laws of the State of Arizona, United States, excluding its conflict-of-laws principles.

6. General Provisions

6.1 Entire Agreement. These Airdrop Terms, together with Krain LLC’s General Terms and Conditions and Privacy Policy, constitute the entire agreement between you and Krain LLC regarding your participation in the Airdrop Program. They supersede all prior agreements, understandings, or representations, whether written or oral, relating to the subject matter of these Airdrop Terms.

6.2 Amendments. Krain LLC reserves the right to modify, amend, or update these Airdrop Terms at any time. Any changes will be effective immediately upon publication on Krain LLC’s official website. Your continued participation in the Airdrop Program after such modifications constitutes your acceptance of the revised terms.

6.3 Severability. If any provision of these Airdrop Terms is found to be unlawful, void, or unenforceable for any reason, that provision shall be severed, and the remaining provisions shall remain valid and enforceable to the fullest extent permitted by law.

6.4 No Waiver. Failure by Krain LLC to enforce any provision of these Airdrop Terms shall not be deemed a waiver of its rights to enforce the same or any other provision in the future.

6.5 Assignment. You may not assign, transfer, or delegate your rights or obligations under these Airdrop Terms without Krain LLC’s prior written consent. Krain LLC may freely assign, transfer, or delegate its rights and obligations under these terms without notice or restriction.

6.6 Force Majeure. Krain LLC shall not be held liable for any delay, failure, or disruption in the Airdrop Program resulting from events beyond its reasonable control, including, but not limited to, natural disasters, cyberattacks, government actions, or blockchain network failures.

6.7 Contact Information. If you have any questions, concerns, or requests regarding these Airdrop Terms or the Airdrop Program, please contact Krain LLC at contact@krain.ai.

6.8 Token Upgrades and Future Functionality. Krain LLC reserves the right to modify the functionality or utility of Krain Tokens, including through upgrades or integration with new technologies. Participants acknowledge that compatibility with future blockchain systems or networks is not guaranteed.