This document sets out the terms and conditions on which Fama Technologies OÜ, (the “Company”) will provide Platform and products to you through the website (www.joinfama.com) and/or app (the “Platform”).
NOT USE THE PLATFORM.
2.1. Account – the central means of access to the Platform.
2.3. Bonding Curves Instrument – mechanism based on a price oracle, that allows immediate liquidity to the Fama Marketplace at all times, without liquidity providers;
2.4. Company or we or us – Fama Technologies OÜ, a limited liability company (registry code 16459143, address Harju maakond, Tallinn, Kesklinna linnaosa, Narva mnt 5, 10117) that offers the Platform.
2.5. Content – any material uploaded to the Platform by any User, including (but not limited to) any photos, videos, audio, livestream material, data, text, images, GIFs, emojis, metadata, interactive features, memes and any other material.
2.6. Creator – a User who has set up their Account to create a Token and to post Content on the Platform to be viewed by other Users.
2.7. Tokens – ERC-20 based utility tokens issued by the creators and purchasable with the Platform’s intermediation.
2.8. Fan – a User who follows a Creator and is able to view the Creator’s Content.
2.9. Payment – any and all payments made by a Fan to a Creator, including payments for a Creator’s Tokens.
2.10. Platform – the platform made available by the Company with functionalities described herein or on the Company’s official website (website).
2.11. USDC – digital stablecoin used as the primary payment instrument on the Platform.
2.12. User or you or your – any user of the Platform, whether a Creator or a Fan or both.
2.13. Commission – the fee we charge for providing the Platform, storing the Content.
2.14. Fee – the payments made to Creator’s from which the Commission of the Company for providing the Platform has been deducted.
2.15. Wallet – a non-custodial solution for storing virtual currencies and/or Tokens.
2.16. Wyre – a payment gateway and virtual currency services provider with their website at: https://www.sendwyre.com/.
3. Conditions of use
1.1. To be eligible to use the Platform, you must be at least 18 years old, have the capacity to enter into legally binding contracts and reside in a country in which the relevant Platform and products are available. You are allowed to access content and if you are under 18 years of age and you have obtained verifiable consent from a parent or legal guardian. A user under 18 years of age may view and interact with content, but is not allowed to purchase Tokens of Creators or create their own Tokens.
3.2. You may only use the Account for your personal use and may not sell, rent, transfer, or share your Account to or with anyone else. You may not sell, rent, transfer or share content, which requires access in the form of Tokens or is otherwise not accessible to the public.
3.3. You may not upload, post, display, or publish Content on the Platform that is illegal, fraudulent, defamatory, hateful, discriminatory, threatening or harassing, or which encourages or promotes violence or any illegal activity.
3.4. You must use the Platform in accordance with our Content Policy, which is available on our Platform. The Content Policy is part of the Agreement and is legally binding document which defines your responsibility as a User. You shall not post Content that:
3.4.1. advertises, refers, shows or promotes any of the following (but not limited to):
– violence and/or incitement of violence;
– terrorist, hateful or criminal individuals or organizations;
– coordinating harm and promoting crime;
– restricted goods and services;
– fraud and deception;
– suicide and self-injury;
– child sexual exploitation, abuse and nudity;
– adult sexual exploitation;
– bullying and harassment;
– human exploitation;
– privacy violations;
– hate speech;
– violent and graphic content;
– adult nudity and sexual activity;
– sexual solicitation;
– account integrity and authentic identity;
– cybersecurity violations;
– inauthentic behaviour;
– false news;
– manipulated media;
3.4.2. Infringes or may infringe the rights of any third person (including intellectual property rights, privacy rights, confidentiality);
3.4.3. contains or refers to anyone else’s personal data or private or confidential information (for example, names, e-mail addresses, Account credentials, credit card information);
3.4.4. gives the impression that it is approved, licensed or endorsed by us;
3.4.5. contains or refers to any unsolicited or unauthorised advertising, solicitations, promotional materials, “junk mail,” “spam,” “chain letters,” “pyramid schemes,” or any other prohibited form of solicitation;
3.4.6. involves or promotes third party commercial activities or sales, such as contests, sweepstakes and other sales promotions, product placements, advertising, or job posting or employment ads without our prior express consent.
3.5. You may not sell, modify, re-use, re-sell, distribute, reproduce or make any other use of the Platform unless agreed upon differently between the Parties.
3.6. You may not reverse engineer, decompile or disassemble the Platform or modify another website so as to falsely imply that it is associated with the Platform.
3.7. You may not use the Platform to upload, transmit, distribute, store or otherwise make available in any way: files that contain viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful.
3.9. You may not use any automated program, tool or process (such as web crawlers, robots, bots spiders, and automated scripts) to access the Platform or any server, network or system associated with the Platform, or to extract, scrape, collect, harvest or gather Content or information from Platform.
4.2. You shall retain ultimate administrative control over your Account.
4.3. You are responsible for keeping the Account secure while using the Platform. The User is responsible for all data and Content uploaded and activity that occurs under the Account. The User is responsible for maintaining the security of the Account, passcode and seedphrase. The Company cannot and will not be liable for any loss or damage from the User’s failure to comply with this obligation. The User will promptly notify the Company if the User becomes aware of any unauthorised use of, or access to, the Platform through the Account, including any unauthorised use of the passcode, seedphrase or the Account.
4.4. The Company may, in its sole discretion, refuse to open an Account for you, or limit the number of Accounts that you may hold or suspend or terminate any Account. For the avoidance of doubt, the termination of the Account will not have any effect on the Wallet connected to the Account. The company has no access to the Wallet and cannot cancel, terminate, confiscate or transfer the assets on a Wallet without the explicit consent of its owner. In case of termination of this Agreement, the blockchain remains accessible through
external wallets with use of a seedphrase.
4.5. For the purposes of clarity, the Platform does not store any private keys on its own servers and will therefore have no access to any of the USDC or Tokens that may be held by the User in their Wallet.
5. Payment options
5.1. The acceptable payment methods are made available on the Platform.
5.2. The Company accepts cryptocurrencies (USDC) as the primary payment method. The list of available payment methods, cryptocurrencies and supported wallets are displayed on the Platform.
6. Rights of the Company, suspension of Account or access to the Platform
6.1. The Company can but is not obligated to moderate or review any of the Content uploaded by Users or to verify compliance with the Agreement and/or any applicable law.
6.2. The Company reserves the right, at any time without prior notice, to remove or disable access to Content at its sole discretion for any reason or no reason. Some of the reasons we may remove or disable access to Content may include finding the Content objectionable, in violation of the Agreement, or otherwise harmful to the Platform or Users.
6.3. The Company reserves the right to suspend the Agreement and your access to the Platform without prior notice and without any compensation in case you are in violation of the Agreement, or any applicable laws or regulations.
7. Intellectual Property rights
7.1. All intellectual property rights to the Content will remain at all times the property of the User.
7.2. The User agrees to grant the Company a perpetual, non-exclusive, worldwide, royalty-free, sublicensable, assignable and transferable license to the Content to perform any act restricted by any intellectual property right (including copyright) in such Content, for any purpose
reasonably related to the provision, operation and marketing (including on social media) of the Platform. Such acts include to reproduce, make available and communicate to the public, display, perform, distribute, translate, and create adaptations or derivative works of your Content, and otherwise deal in your Content.
7.3. You represent and warrant that:
7.3.1. you own all intellectual property rights and any other rights, title and interest to the Content you have uploaded or have obtained the respective permissions and authorizations from the respective third party owners before submitting it to through the Platform;
7.3.2. the Content you have uploaded is in compliance with all applicable laws and regulations, e.g. it is not offensive, threatening, abusive, harassing, tortuous, defamatory, vulgar, pornographic, obscene, invasive of another’s privacy, defamatory, hateful or otherwise unlawful;
7.3.3. the Content you have uploaded (or provided to be uploaded) does not require obtaining a license from or paying any fees and/or royalties to any third party;
7.3.4. the Content you have uploaded (or provided to be uploaded) is not harmful (for example viruses, worms and other destructive codes) and does not contain any programs that overload or interfere with the work of the Platform or distort the Content of other Users.
7.4. Except as provided within this Agreement, you may not copy, modify, translate, publish, broadcast, transmit, distribute, perform, display, or sell any Content appearing on or through the Platform.
8.1. The Company allows you to buy, sell and resale Tokens issued by Creators under the conditions specified in this Agreement.
8.2. You acknowledge that Tokens are made available for utility purposes only. This Agreement is not a solicitation for investment and does not represent in any way an offering of securities inany jurisdiction.
8.3. By purchasing Tokens on the Platform, you get ownership of one or numerous Tokens. As the owner of Tokens, you have the right to, at any time, sell or trade or transfer the Tokens to third parties.
8.4. Ownership of a specific Token might grant you a worldwide, non-exclusive, non-transferable, royalty-free license to access locked Content made by the Creator/issuer of the specific Token. Such licence is licensable under applicable copyright laws, solely for your own personal, noncommercial
8.5. You agree that you may not, nor permit any third party to do or attempt to do any of the following without express prior written consent from Us in each case:
– attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to Tokens and/or Content accessible by owning the Tokens;
– utilize the content accessed from your Tokens for your or any third party’s commercial benefit.
8.6. We are not responsible for any transaction between you and a third party out of the Platform and you are solely responsible for ensuring that the recipient of the Tokens is chosen correctly and pays you for the transaction. We shall have no liability in connection with any transaction made outside of the Platform. You understand and agree that you are solely responsible for determining the nature, value, suitability and appropriateness of risks of secondary market
8.7. Tokens can be pre-ordered at the Platform by clicking the trade button on the page of the Creator.
8.8. The price and availability of Tokens following their issuance may change at any time and without prior notice. If you have placed the order before the price changes, the price valid at the time of the order shall apply. The Company may also apply quantity limitations on orders at its sole discretion.
8.9. The list of available payment methods, cryptocurrencies and supported wallets are displayed on the Platform.
8.10. The price of conversion of FIAT into USDC depends on the market price of your funds or cryptocurrencies at the time of your payment. The final price and the exchange rate are also dependent on your bank or payment provider issuer. The exchange service is provided by a third party and the Company holds no liability for this service.
8.11. Price is displayed with VAT, other taxes and includes transaction costs that may arise for cryptocurrency payments.
8.12. The full amount will be charged at the time of execution of the order.
8.13. Acceptance by us of an order for a Token purchase presumes a sufficient amount of USDC on your Wallet. The Tokens purchase is conditional upon actual receipt by us of the funds from your Wallet, as well as payment of any applicable fees.
8.14. The Tokens will be displayed on your account after execution of the order for payment for the Tokens, but no sooner that your ordered Tokens become available.
8.15. The initial offering of Tokens is conducted over a predetermined period that is displayed before initiating the offering. For a period of several days following the launch the Users will be able to deposit USDC in exchange for future tokens. The final number of Tokens will be determined at the end of the offering period. The exact dates will always be available on the platform. The total amount of USDC that was deposited will be used to determine the fair price and supply of the Token. In each case, a maximum of 50% of the total supply of Tokens will be distributed to the Fans. The remaining 50% are divided between the Creator and the
8.16. You may always sell the tokens against USDC by executing the transaction and returning your Tokens to the blockchain. Please note that this procedure is independent of the platform and is executed without the involvement of a counterparty through the Bonding Curve Instrument. The price is determined through the active Token supply.
8.17. A no refund policy shall apply at all times regardless of your decision to use of the Tokens, any
disruption to the operations of any components of the Tokens, or any other reason whatsoever. Please note that the 14 days withdrawal period will not apply the delivery of Tokens. Tokens are not delivered on a tangible medium (disk, package or otherwise) and the delivery begins after your express consent and acknowledgement that you lose the right of withdrawal.
8.18. You understand and agree that due to the nature of blockchain technology the Company cannot reserve a Token for you even if you receive and accept your order to buy the Token. Due to the decentralised nature of the blockchain the price of your purchase can change up until your order is submitted and processed. Therefore, the refund option is only available if after accepting your order to buy the Token but before receiving the Token in your Wallet.
9. Suspension, termination and cancellation
9.1. The Company may: (a) refuse to complete, or block or cancel the transaction you have authorized, (b) suspend, restrict, or terminate your access to any or all of the services, and/or (c) deactivate or cancel your account with immediate effect for any reason, including but not limited to where:
9.1.1. there is a reason to suspect that you are acting in breach of this Agreement or applicable legislation;
9.1.2. we have identified that a transaction is erroneous or shows signs of market manipulation;
9.1.3. we have identified a threat to security of your Account, including for prevention of data leaks;
9.1.4. we have a reason to suspect that the Platform is being used for the purposes of fraud or in breach of this Agreement;
9.1.5. use of your Account is subject to any pending litigation, investigation, or government proceeding;
9.1.6. we perceive a heightened risk of legal non-compliance associated with your Account activity;
9.1.7. you fail to provide on request documents or information as reasonably required in order to comply with obligations under applicable laws.
9.2. In the case any of the above become applicable, the Company shall make reasonable efforts to inform you about the withholding or suspension.
9.3. The Company may suspect the trading of a particular Token in case it detects a potential bug or activity mentioned in sections 9.1.1 – 9.1.7.
9.4. The Company shall not be liable for any losses you may suffer as a result of any reasonable action taken in accordance with this clause.
9.5. Where the circumstances described in this clause cease to exist, the Company may, at its discretion, either reinstate access to the account and the services and/or issue you with new account details and reserves the right to ask you to repeat the account opening procedure in part or in full as outlined in this Agreement and to resolve any open issues with your account before a restriction is removed.
10.1. This clause sets out the entire financial liability for any acts, representations, misrepresentations, omissions or tortious acts of the Company, its employees, agents and subcontractors with respect to and arising from this Agreement or the use of the Platform.
10.2. All warranties, representations, conditions and all other terms of any kind whatsoever implied by statute or common law are excluded from this Agreement to the fullest extent permitted by applicable law.
10.3. The Platform is provided on an “as is” and “as available” basis without warranties of any kind. The Company disclaims all warranties, including warranties of non-infringement, marketability and fitness for a particular purpose. The Company shall not be liable for any pecuniary damages, loss of profits, cost of substitute goods or Platform, loss of data, loss of goodwill, work stoppage, computer and/or device or technology failure or malfunction, or for any form of direct or indirect damages, legal action whatsoever related to the Platform. You accept the inherent security risks of providing information and dealing online over the internet and agree that we have no liability or responsibility for any breach of security unless it is due to our gross negligence. If applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the extent permitted by applicable law.
10.4. You acknowledge and agree that with the Platform certain specific risks apply. We shall not be liable in relation to any adverse effect, material or immaterial damage, which results from:
– volatility, and variations in the price of digital assets, including Tokens;
– the commercial or market value on Tokens that you purchase may materially diminish in value as a result of a variety of things;
– there are risks associated with using digital assets including, but not limited to, the risk ofhardware, software and Internet connections and/or failures, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your digital “wallet” or elsewhere, and We will not be responsible for any of these, however caused;
– We do not make any promises or guarantees about the availability of Tokens;
– upgrades and changes to the blockchain, a hard fork or other change in the blockchain, a failure or cessation of the blockchain, or a change in how transactions are confirmed on the blockchain may have unintended, adverse effects on all blockchains using such technologies, including without limitation Tokens;
– We do not make any promises or guarantees related to any other third parties providing to you any services for your Tokens, including but not limited to the continued availability of either and/or the protection and/or storage of Tokens or any data you provide to those parties;
– the risk of losing access to Tokens due to loss of private key(s) or the seedphrase, custodial error or purchaser error;
– the risk of hacking, security weaknesses, fraud, counterfeiting, cyber-attacks and other technological difficulties;
– the risk of changes to the regulatory regime governing blockchain technologies, cryptocurrencies, and tokens and new regulations, unfavourable regulatory intervention in one or more jurisdictions or policies any of which may materially adversely affect the use and value of Tokens;
– the risks related to taxation. 10.5. In addition to assuming all of the above risks, you acknowledge that you have obtained sufficient information to make an informed decision to buy, sell, transfer, hold, display and other actions with Tokens and that you understand and agree that you are solely responsible
for determining the nature, potential value, suitability and appropriateness of these risks for yourself.
10.6. We cannot and do not represent or warrant that any Tokens, or its supporting systems or technology, is reliable, current or error-free, meets your requirements, or that defects in Tokens, or its supporting systems or technology, will be corrected.
10.7. You agree that this limitation of liability is applicable to any event, to the maximum extent permitted by applicable law, the Company’s total aggregate liability shall not exceed the total commission fee paid by you to Us.
10.8. Important information about your account is stored externally (Google Drive or ICloud). You are solely responsible for keeping them accessible. Deleting or changing information on Google Drive or ICloud could result in you losing access to the account. We will not be liable for any damages arising from loss of access on Google Drive or ICloud.
11. Data Protection
12.1. This Agreement will continue unless either party notifies the other of termination, in writing, in accordance with this Agreement.
13.1. This Agreement comprises the entire understanding and agreement between you and Company as to the subject matter hereof, and it supersedes any and all prior discussions, agreements and understandings of any kind (including without limitation any prior versions of this Agreement) between you and the Company.
13.2. Section headings in this Agreement are for convenience only and shall not govern the meaning or interpretation of any provision of this Agreement.
13.1. The Agreement between the User and the Company and any access to or use of the Platform, is governed by the laws of the Republic of Estonia, except the conflict of laws rule. All disputes arising from the Agreement or the use of Platform shall be settled via negotiations. If an amicable settlement cannot be reached, the dispute shall be finally settled in accordance with the laws of the Republic of Estonia in Harju County Court in Tallinn.
13.2. If any provision of this Agreement is determined to be invalid or unenforceable under any applicable law, this will not affect the validity of any other provision. If any provision is found unenforceable, the unenforceable provision will be severed, and the remaining provisions will be enforced.
13.3. We may not always strictly enforce our rights under this Agreement. If we do choose not to enforce our rights at any time, it shall not be seen as renouncement of such right.
13.4. All provisions of this Agreement which by their nature extend beyond the expiration or termination of this Agreement will continue to be binding and operate after the termination or expiration of this Agreement.
14.2. We may make all other amendments to the Agreement by posting the revised Terms (Agreement) on the Platform, indicating when the revised Agreement becomes effective. Although we will endeavour to provide you with advance notice where possible, where lawful we may indicate that the revised Agreement shall be effective immediately and if you do not agree with any such modification, you should close your account and cease using the Platform.
2.1. To set up your Account you will need to authenticate your email via Google or Apple. We will ask you to provide and confirm your phone number.
2.2. You may also need to submit additional information upon request, such as age or identity verification information.
2.3. We may reject your application to set up an Account for any reason.
2.4. After we have received all the necessary documentation from you, we will approve your Account after which you may start viewing the Content.
3.1. You acknowledge and agree that when you view the Content provided by Users on the Platform, you are doing so at your own risk. The content on our Platform is provided for general information only. It is not intended to amount to advice on which you should rely. You
must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the Content on our Platform.
3.2. To be eligible to fully use the Platform, you must be at least 18 years old, have the capacity to enter into legally binding contracts and reside in a country in which the relevant Platform and products are available.
3.3. You are allowed to access content and if you are under 18 years of age and you have obtained verifiable consent from a parent or legal guardian. A user under 18 years of age may view and interact with content, but is not allowed to purchase Tokens of Creators or create their own Tokens. Additional restrictions might be imposed on certain content at the discretion of the Creator or the Platform.
3.4. We will not be responsible to you if you suffer any loss or damage as a result of your accessing or viewing Content in a way which places you in breach of any contract you have with a third party or any applicable law.
3.5. You may only use the Account for your personal use and may not sell, rent, transfer, or share your Account to or with anyone else. You may not sell, rent, transfer or share content, which requires access in the form of Tokens or is otherwise not accessible to the public.
4.1. The Company provides the Platform, stores the Content and acts as an intermediary but the Company does not provide the Content or the Tokens to the Fans. All transactions and interactions facilitated by the Platform are contracts between the Creators and the Fans. The Company is not a party to such contract or any other contract that may exist between the Fan and the Creator and is not responsible in any way for the fulfilment of the contract entered
into between the Creator and Fan.
4.2. The price of Tokens is determined according to the supply and demand distribution of the respective Tokens.
4.3. To purchase Tokens, you must first add connect a supported non-custodial Wallet and transfer sufficient amount of USDC. For that you can use a payment gateway/cryptocurrency exchange Wyre.
4.4. You must supply your payment card details and information for conducting KYC procedures to Wyre for the purpose of processing the Payment and crediting USDC to your non-custodial Wallet. The Payments on the platform will be charged in USDC. You may be charged additional
fees by your payment card provider when processing payments. The Company is not responsible for any such fees and disclaims all liability in this regard.
4.5. The price of the Tokens will be made available to you on the Platform. Please note the prices may be subject to changes but you will always be informed of the current price when purchasing the Tokens.
4.6. You may always sell the tokens against USDC by executing the transaction and returning your Tokens to the blockchain. Please note that this procedure is independent of the platform and is executed without the involvement of a counterparty through the Bonding Curves Instrument. The price is determined through the active Token supply.
4.7. Please note that the Token transactions, including buy, sell and pre-ordering during the Token offering period are subject to a platform fee of 1.9%.
5. Cancellations and refunds
5.1. All Payments are final and cannot be refunded once the Payment has been authorized from the Fan’s bank account or cryptocurrency wallet.
5.2. Once an order has been sent to the crypto wallet indicated at the time of purchase it cannot be recalled or retrieved under any circumstances.
5.3. This no-refund policy shall apply at all times regardless of your decision to use the Content or Tokens, any disruption to the operations of any components of the Content, or any other reason whatsoever. Please note that the 14 days withdrawal period will not apply the delivery of the Content or Tokens. The Content and Tokens are digital and not delivered on a tangible medium (disk, package or otherwise) and the delivery begins after your express consent and
acknowledgement that you loose the right of withdrawal.
5.4. You hereby agree that upon delivery, you will not be entitled to any credit or refund and all purchases are final. The Company’s obligation towards you will be absolutely discharged upon delivery and shall have no claim or right against the Company upon such delivery.
1.1. To set up your Account you will need to authenticate your email via Google or Apple. We will ask you to provide and confirm your phone number and connect to your Instagram account. If you intend to use an account of a corporate entity, we will ask you for information for identifying your corporate entity.
1.2. You may also need to submit additional information upon request, such as age or identity verification information.
1.3. We may reject your application to set up an Account for any reason.
1.4. After we have received all the necessary documentation from you, we will approve your Account after which you may start providing Content to the Fans and issuing Tokens.
1.5. Once your Account is set up, you will need to launch your Tokens, including its name and category. For a period of several days following the launch the Users will be able to deposit USDC in exchange for future tokens. The final number of Tokens will be distributed at the end of the predetermined period. The total amount of $USDC that was deposited will be used to determine the fair price and supply of the Token. A total of 40% of the total created supply of the Tokens will be allocated to the Creator.
2. Corporate entities
2.1. If you use a corporate entity to receive your Fee, you must provide evidence to us upon request that you are the person with majority control of the corporate entity.
2.2. If you use a corporate entity, You agree to adhere to all applicable laws, including any applicable tax laws, in the country where the corporate entity is established.
3. Token issuance to Fans
3.1. The Company provides the Platform, stores the Content, but the Company does not provide the Content to the Fans. All transactions and interactions facilitated by the Platform are contracts between the Creators and the Fans. The Company is not a party to such contract or any other contract that may exist between the Fan and the Creator and is not responsible in any way for the fulfilment of the contract entered into between the Creator and Fan.
3.2. Payments are exclusive of VAT.
3.3. When a Fan has made the Payment to purchase a certain amount of your Tokens, such amount will be transferred to the Fan’s Wallet.
3.4. You may provide certain thresholds and limitations to access of the content, in particular with regard to the minimum number of Tokens necessary to participate in or view the Content.
3.5. Your portion of the Tokens received as part of the Token issuance will be subject to a lock-up period. The Tokens will vest linearly whereas the first vesting will occur on the first day following the issuance of the Tokens.
3.6. When creating a Token, it is created on the blockchain, making it an irreversible transaction. The Company cannot delete a Token or any transactions made with the Token, as it does not possess control over the blockchain. At Creator’s request the Platform can limit the use of the Tokens and will delete the information held on its servers to the maximum possible extent.
3.7. Please note that the Token transactions, including buy, sell and pre-ordering during the token offering period are subject to a platform fee of 1.9%.
4.1. For providing the Platform and storing the Content, we charge the Commission to the Creator (including VAT based on your location when applicable) from all Payments made to the Creator. In the minting process the Company takes a commission of 10% of the Payments for Tokens as Commission in the form of USDC. The amount of the Commission and related VAT rate are available in your Account.
4.2. The remaining amount of the Payment (excluding the Commission and market fee) is payable to you as a direct payment from the Fan in the form of Tokens.
4.3. Invoices related to Commissions are issued in the end of every month and are available on your Account.
5. Payments to you
5.1. All Payments will be received by a direct Wallet-to-Wallet transaction.
5.2. The Payments received by the Creator may be subject to taxation in the state of tax residency of the Creator. The Creator is liable for their own tax obligations, the Company does not have any responsibility to withhold taxes, calculate VAT for the services provided by the Creator etc.
5.3. We may withhold all or any part of the Fee if:
5.3.1. you have or may have breached the Agreement;
5.3.2. you attempt or threaten to breach any part of the Agreement in a way which we think has or could have serious consequences for us or another User (including actual or possible loss caused to us or another User); or
5.3.3. we suspect that all or any part of the earnings result from unlawful activity, either by you or by the Fan who made the Payment resulting in the earnings.