LAST UPDATED: March 1st
1. Introduction
These Terms and Conditions ("Terms") govern your participation in the 589 Protocol Token ("589 Token") presale conducted by the 589 Foundation ("Foundation"). By participating in the presale, purchasing, or holding 589 Tokens, you acknowledge that you have read, understood, and agreed to be bound by these Terms in their entirety.
2. Eligibility and Restricted Jurisdictions
You represent and warrant that you are NOT a citizen, resident (tax or otherwise), or green card holder of the following "Restricted Jurisdictions":
- United States of America (USA)
- Japan (JP)
- North Korea, Iran, Syria, Cuba, the Crimea Region, or any other country subject to comprehensive sanctions by the US, EU, or UN.
If you are located in, or a citizen of, the United States or Japan, you must immediately exit this website and refrain from purchasing any 589 Tokens.
3. Nature of Tokens
The 589 Token is a community-driven "meme coin" created purely for entertainment and social engagement purposes. By purchasing 589 Tokens, you explicitly acknowledge and agree to the following:
- No Intrinsic Value: The 589 Token has no intrinsic value or underlying assets.
- Not an Investment: The 589 Token is not a share, bond, security, or investment contract in the Foundation or any other entity.
- No Expectations: There is no formal roadmap, no promise of future utility, and absolutely no expectation of financial return or profit.
- The purchase of 589 Tokens should not be considered a financial investment in any form.
4. Risks Disclosure
Participating in a meme coin presale involves extreme risks. By purchasing 589 Tokens, you accept full responsibility for these risks, including but not limited to:
- Extreme Volatility: Meme coins are highly speculative. The value of 589 Tokens may fluctuate wildly or drop to zero.
- Lack of Liquidity: There is no guarantee of liquidity or future listings on any centralized or decentralized exchanges.
- Technical Risks: Risks associated with the Solana blockchain, including smart contract bugs, network congestion, hacking, or the loss of access to your wallet due to misplaced private keys.