1. Introduction
These Terms and Conditions ("Terms") govern your participation in the $SOGNI Token Airdrop ("Airdrop") organized by Sogni.ai ("Sogni"). By participating, you agree to be bound by these Terms.
2. Eligibility
To be eligible to participate in the Airdrop:
- You must be at least 18 years of age or the legal age in your jurisdiction.
- You must be a registered user of the Sogni platform.
- You must comply with all applicable laws and regulations in your jurisdiction, including any restrictions on receiving tokens or airdrops.
- Participants from jurisdictions where receiving tokens is prohibited, or where additional regulatory requirements are applicable, are not eligible for this Airdrop. This includes, but is not limited to, jurisdictions such as the United States (if tokens are deemed securities) and China.
3. Airdrop Overview
The Airdrop will distribute 20,000,000 $SOGNI tokens as part of the Sogni Mainnet Token launch in December 2024.
Artists, Workers and Referrals will be ranked on the Sogni Testnet Leaderboard based on their activity, with Artists being ranked based on activity for completed renders, Workers being ranked based on activity for powering jobs and completing renders and Referrals being ranked based on the number of users they refer (with email verification).
4. Ranking Calculation
Artists: Artist ranking is based on the amount of tSOGNI spent for completed renders.
Workers: Worker ranking is based on the amount of tSOGNI earned for jobs they power and renders they complete for Artists in the Sogni Supernet Relaxed Network.
Referral: Referral ranking is based on the number of verified users referred by a user.
5. Distribution of Airdrop Tokens
The distribution of $SOGNI tokens will be based on participants’ rankings on the leaderboard.
The exact amount of $SOGNI tokens distributed to each participant will be determined closer to the airdrop date, based on leaderboard rankings.
The Company reserves the right to modify the distribution algorithm or ranking criteria at any time prior to the Airdrop without notice.
6. Token Details
The $SOGNI Token will be launched with a total supply of 10,000,000,000 tokens. The Airdrop will allocate 20,000,000 tokens.
The $SOGNI tokens distributed in the Airdrop are utility tokens intended for use within the Sogni platform. These tokens are designed to facilitate activities and transactions within the Sogni ecosystem, including accessing features, completing renders, or using platform-specific services.
These tokens are not intended as an investment and do not represent ownership, voting rights, or any entitlement to future profits.
7. Conditions for Receiving Tokens
Participants must have a valid Ethereum-compatible wallet to receive $SOGNI tokens.
The Airdrop will be conducted on the Ethereum blockchain, and participants are responsible for any gas fees associated with claiming their tokens.
Participants must ensure they comply with the laws of their jurisdiction regarding receipt, ownership, and holding of tokens, including compliance with AML/KYC obligations, where applicable.
The Company reserves the right to delay or cancel the Airdrop if unforeseen technical, regulatory, or legal issues arise.
8. Compliance and Taxation
Participants must comply with all respective local laws and regulations related to their receipt of tokens, including any applicable restrictions on token ownership or receipt.
It is the participant's responsibility to determine their tax obligations (if any) related to the Airdrop.
The Company makes no representations regarding the tax consequences of receiving or holding $SOGNI Tokens.
9. Prohibited Conduct
Any attempt to manipulate, cheat, or otherwise artificially inflate rankings on the Testnet Leaderboard will result in immediate disqualification from the Airdrop and potential account termination.
The Company reserves the right to disqualify any participant at its sole discretion for any conduct deemed to violate these Terms or the spirit of fair competition.
10. Changes to Terms
The Company reserves the right to modify, suspend, or terminate the Airdrop or these Terms at any time, without prior notice.
Any changes to these Terms will be posted on the Company’s official website. Continued participation in the Airdrop constitutes acceptance of any revised Terms.
11. Limitation of Liability
The Company shall not be liable for any damages or losses, whether direct, indirect, incidental, or consequential, arising from your participation in the Airdrop, the use of $SOGNI Tokens, or any delay or failure in the distribution of tokens.
The Company does not make any representations or warranties about the future value, tradability, or utility of $SOGNI Tokens, and participation in the Airdrop should not be considered an investment.
Participants acknowledge that the $SOGNI Token may not have liquidity or functionality outside the Sogni platform, and its value is subject to market fluctuations and regulatory factors.
12. Governing Law
These Terms and Conditions and any disputes arising from participation in the $SOGNI Airdrop shall be governed by and construed in accordance with the laws of the Republic of Singapore, without regard to conflict of law principles.
In the event of any dispute, controversy, or claim arising out of or in connection with these Terms or the Airdrop, the parties shall first attempt to resolve the matter through good faith mediation under the auspices of the Singapore Mediation Centre (SMC).
If the dispute cannot be resolved through mediation within thirty (30) days, it shall be referred to and finally settled by arbitration in Singapore in accordance with the rules of the Singapore International Arbitration Centre (SIAC). The tribunal shall consist of one arbitrator, and the language of arbitration shall be English. The seat of arbitration shall be Singapore.
13. Contact InformationFor any inquiries related to the Airdrop, please contact cecilia@sogni.ai