Terms and Conditions
For the AI Token Launchpad by ELNA and Sonic
Last Updated: February 26, 2025
Welcome to the AI Token Launchpad ("Launchpad"), a platform developed and operated by ELNA.ai ("ELNA") in partnership with Sonic.ooo ("Sonic") (collectively referred to as "we," "us," or "our"). These Terms and Conditions ("Terms") govern your access to and use of the Launchpad, including participation in token sales, creation of AI agent tokens, and interaction with our services. By accessing or using the Launchpad, you ("User," "you," or "your") agree to be bound by these Terms. If you do not agree with any part of these Terms, you must not use the Launchpad.
1. Overview of the AI Token Launchpad
The AI Token Launchpad is a blockchain-based platform designed to enable users to create, launch, and participate in token sales for AI agents and related digital assets. The Launchpad integrates ELNA’s AI technology with Sonic’s decentralized infrastructure to facilitate tokenization, trading, and community engagement. These Terms apply to all activities conducted through the Launchpad, including but not limited to token creation, presales, initial decentralized offerings (IDOs), and secondary trading.
2. Eligibility
2.1. Age and Capacity: You must be at least 18 years old or the legal age of majority in your jurisdiction, whichever is higher, and have the legal capacity to enter into binding agreements to use the Launchpad.
2.2. Jurisdictional Restrictions: Use of the Launchpad is prohibited in jurisdictions where such activities are illegal or restricted. You are responsible for ensuring that your use complies with applicable laws in your jurisdiction. We reserve the right to restrict access to users from certain jurisdictions at our sole discretion.
3. Account Registration and Security
3.1. Wallet Connection: To use the Launchpad, you must connect a compatible non-custodial ICP wallet (e.g: Plug, Internet Identity, AstroX, Metamask etc). You are solely responsible for maintaining the security of your wallet, private keys, and any associated credentials.
3.2. Account Responsibility: You are responsible for all activities conducted through your connected wallet. We are not liable for any loss or damage arising from unauthorized access due to your failure to secure your wallet or credentials.
4. Token Sales and Participation
4.1. Token Creation: Users may create AI agent tokens using the Launchpad, subject to our approval process. Token creation requires payment of applicable fees in the native token of the platform (e.g., ICP,ELNA or SONIC tokens) and compliance with tokenomics guidelines provided by us.
4.2. Pre-sales and IDOs: Participation in token presales or IDOs is subject to specific terms set by each project ("Project Terms"). These Project Terms supplement these Terms and govern your participation in individual token sales. You acknowledge that we are not a party to the contractual relationship between you and the project promoters.
4.3. No Guarantee of Allocation: Participation in a token sale does not guarantee the acquisition of tokens. Allocation is subject to availability, project-specific rules, and our discretion.
4.4. Payments: Payments for token purchases must be made using supported cryptocurrencies or tokens via your connected wallet. All transactions are final and non-refundable, except as required by applicable law or specified in Project Terms.
4.5. Third-Party Projects: Tokens listed on the Launchpad are issued by third-party projects or users. We do not endorse, guarantee, or assume responsibility for the accuracy, viability, or legality of any third-party project or token.
5. Risks Acknowledgment
5.1. Blockchain Risks: You understand that blockchain technology involves risks, including but not limited to loss of digital assets due to hacking, smart contract vulnerabilities, or network failures.
5.2. Market Volatility: Cryptocurrencies and tokens are highly volatile. You acknowledge that the value of tokens purchased or created via the Launchpad may fluctuate significantly and could become worthless.
5.3. Regulatory Uncertainty: The regulatory status of tokens and blockchain activities may change. You are responsible for ensuring compliance with applicable laws and accept the risk of regulatory actions affecting your use of the Launchpad.
5.4. No Investment Advice: We do not provide financial, investment, legal, or tax advice. Your participation in token sales is at your own risk, and you should conduct independent research or consult professionals before making decisions.
6. Fees and Costs
6.1. Platform Fees: We may charge fees for token creation, sales, or other services, payable in the native token or other supported cryptocurrencies. Fee schedules will be disclosed prior to your participation.
6.2. Network Fees: You are responsible for gas or transaction fees associated with blockchain interactions, which may vary based on network congestion.
6.3. Fee Changes: We reserve the right to modify fees at any time, with notice provided through the Launchpad interface or our official communication channels.
7. Intellectual Property
7.1. Platform Ownership: All content, software, and technology on the Launchpad, including but not limited to text, graphics, logos, and code, are owned by ELNA DAO, SONIC DAO, or our licensors and protected by intellectual property laws.
7.2. User Content: You retain ownership of content you upload or create (e.g., AI agent designs, token metadata), but you grant us a worldwide, non-exclusive, royalty-free license to use, display, and distribute such content for the purpose of operating and promoting the Launchpad.
7.3. Restrictions: You may not copy, modify, distribute, or reverse-engineer any part of the Launchpad without our prior written consent.
8. Limitation of Liability
8.1. As-Is Basis: The Launchpad is provided "as is" and "as available" without warranties of any kind, express or implied, including warranties of merchantability, fitness for a particular purpose, or non-infringement.
8.2. No Liability for Losses: To the maximum extent permitted by law, we are not liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the Launchpad, including loss of funds, data, or profits.
8.3. Third-Party Actions: We are not responsible for the actions, omissions, or content of third-party projects, users, or blockchain networks.
9. Indemnification
You agree to indemnify and hold harmless ELNA, Sonic, our affiliates, officers, directors, employees, and agents from any claims, damages, losses, or expenses (including legal fees) arising from your use of the Launchpad, violation of these Terms, or infringement of any third-party rights.
10. Dispute Resolution
10.1. Governing Law: These Terms are governed by the laws of the respective Jurisdiction, without regard to conflict of law principles.
10.2. Arbitration: Any dispute arising from or relating to these Terms or the Launchpad will be resolved through binding arbitration in Marshal Island under the rules of Marshal Island. You waive your right to participate in class actions or collective proceedings.
10.3. Exceptions: We may seek injunctive relief in any court of competent jurisdiction to protect our intellectual property or enforce these Terms.
11. Amendments
We reserve the right to modify these Terms at any time. Changes will be posted on the Launchpad or communicated via official channels. Your continued use of the Launchpad after such changes constitutes acceptance of the updated Terms.
12. Miscellaneous
12.1. Entire Agreement: These Terms, along with any applicable Project Terms, constitute the entire agreement between you and us regarding the Launchpad.
12.2. Severability: If any provision of these Terms is found unenforceable, the remaining provisions will remain in full effect.
12.3. No Waiver: Our failure to enforce any right or provision does not constitute a waiver of that right or provision.
By using the AI Token Launchpad, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.
Last updated