PLEASE READ THESE TERMS OF SERVICE CAREFULLY BEFORE USING ANY SERVICES ASSOCIATED WITH PLANCK NETWORK LTD. OR INTERACTING WITH THE $PLANCK TOKEN.

These Terms of Service ("Terms") constitute a legally binding agreement between you ("User", "you") and Planck Network Ltd., a company incorporated in the British Virgin Islands with its registered address at Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands and company number 2173759 ("Planck", "we", "us", or "our").

By accessing or using the Planck Network Web3 platform, including but not limited to decentralized applications (dApps), smart contracts, token services, websites, user interfaces, wallets, staking features, governance mechanisms, or any service directly or indirectly related to the $PLANCK token (collectively, the "Web3 Services"), you acknowledge and agree to be bound by these Terms. If you do not agree, do not use or interact with the Web3 Services.

1.     Definitions

For purposes of these Terms, the following definitions apply:

·        "$PLANCK Token" refers to the native utility token issued by Planck Network Ltd. that may be used for governance, staking, platform access, and related Web3 activities as specified by the protocol.

·        "Blockchain Services" means any smart contract, staking pool, on-chain application, or decentralized infrastructure operated or made available by Planck or its affiliates.

·        "Wallet" means a blockchain-compatible cryptographic key pair that can initiate transactions and receive $PLANCK tokens.

·        "User Content" includes any blockchain transactions, messages, proposals, signatures, or submissions you broadcast or register using our Web3 Services.

·        "Digital Asset" includes $PLANCK tokens and any other cryptographic asset that interacts with or derives from the Web3 Services.

·        "Applicable Law" means any laws, regulations, or rules in any jurisdiction that apply to your use of the Web3 Services, including those regarding financial instruments, money transmission, taxation, and sanctions.

2.     Eligibility and user obligations

2.1 You must be at least 18 years old and possess the legal capacity to enter into binding agreements to use the Web3 Services.

2.2 You are not eligible to access the Web3 Services if you are located in, incorporated in, or a resident of: North Korea, Iran, Syria, Cuba, Russia, Belarus, or any region subject to UN, UK, US, or EU sanctions or export control laws. Access via VPN or proxy to circumvent geo-restrictions is strictly prohibited.

2.3 represent that your use of the Web3 Services complies with all Applicable Law in your jurisdiction, including laws regarding the legality of holding or transacting in digital assets.

2.4 Planck does not take custody of your tokens or private keys and does not act as your broker, intermediary, agent, or custodian.

3.     Risks associated with Web3 and digital assets

3.1 The $PLANCK token and associated Web3 Services are experimental, inherently volatile, and subject to regulatory, technical, and economic uncertainty.

3.2 You understand that blockchain transactions are irreversible, cryptographic systems can fail, and smart contracts may contain vulnerabilities. Planck is not liable for any loss of funds due to bugs, hacks, front-running, slippage, or protocol failures.

3.3 The value of the $PLANCK token can fluctuate dramatically and may fall to zero. You assume all risks related to price, liquidity, taxation, and long-term viability.

3.4 Your use of third-party wallets (e.g., MetaMask, Ledger) is at your sole risk. Planck does not control, endorse, or guarantee the functionality or security of any wallet provider.

3.5 Tokens and staking features may be subject to regulatory enforcement or bans. You are responsible for monitoring legal developments in your jurisdiction.

4.     Use of $PLANCK token

4.1 The $PLANCK token is a multi-utility token that supports both network infrastructure and user-level functions within the Planck ecosystem. Its primary utilities include:

• GPU Mining Rewards: GPU owners who stake their hardware to the network receive $PLANCK tokens as compensation for contributing computational power, under Proof of Contribution (PoC) and Proof of Deployment (PoD) mechanisms.

• Staking to Support GPU Operators: $PLANCK holders can stake tokens to support GPU contributors and share in their rewards, aligning incentives between capital and infrastructure providers.

• Staking for Network Stability: Users may stake $PLANCK to contribute to the security and resiliency of the network, with staking rewards issued accordingly.

• Transaction Fees: $PLANCK is used to pay for transaction execution on the Planck blockchain and within Web3 applications.

• On-chain Governance: Token holders can participate in decentralized governance processes such as voting on proposals, upgrades, and funding initiatives.

• Payment for Services: $PLANCK may be used as a payment method for services within the Planck ecosystem, including access to premium features, tooling, or integrations.

• DEX Fees: Trading fees on the decentralized exchange (DEX) component of the Planck network are payable in $PLANCK.

• Bridge Fees: Transfers across supported blockchains (e.g., EVM-compatible chains) will incur $PLANCK-denominated bridge fees.

• Liquidity Pool Incentives: Liquidity providers may be rewarded in $PLANCK for contributing to DEX pairs and other decentralized finance (DeFi) utilities.

4.2 The $PLANCK token is not intended to function as a security or regulated financial instrument in any jurisdiction. Holding $PLANCK does not grant ownership rights, equity, profit-sharing, or claim to any revenue generated by Planck Network Ltd.

4.3 Blockchain-based token transfers are irreversible and non-custodial. It is your responsibility to ensure accuracy in addresses, amounts, and gas fees. Mistaken transfers may result in permanent loss.

4.4 You are solely responsible for understanding and fulfilling any tax obligations that may arise from your acquisition, disposition, or use of $PLANCK tokens, including income, capital gains, or transaction-based taxes.

4.5 Planck may adopt token economic measures such as burning (permanent removal from circulation), vesting (time-locked tokens), or redistribution mechanisms (e.g., staking rewards or community airdrops), which will be transparently disclosed through governance proposals, whitepapers, or protocol documentation. Planck reserves the right to implement token burning, locking, vesting, and distribution policies as part of its evolving tokenomics. These will be transparently disclosed via community governance or published protocol updates.

5.     Governance

5.1. Certain protocol decisions may be governed by token-based governance mechanisms, including voting on proposals or parameter adjustments. Participation in governance is optional and requires $PLANCK holdings in supported wallets.

5.2. Planck does not guarantee the availability or continuity of any governance mechanism, nor does it warrant the accuracy or fairness of governance vote outcomes.

5.3. Users may be able to propose governance actions subject to criteria such as token thresholds, community guidelines, or quorum requirements.

5.4 Contributions to the protocol, community documentation, or development efforts may be governed by separate contributor license agreements or grant program terms, if applicable.

5.5 Participation in governance through token voting or proposal submission does not create a legal partnership, joint venture, or fiduciary relationship between you and Planck or other token holders.

6.     Intellectual property rights

6.1 All source code, protocols, documentation, designs, trademarks, and branding associated with Planck Network and the $PLANCK token remain the property of Planck Network Ltd. or its contributors, unless otherwise specified in open-source licenses.

6.2 Certain components may be released under open-source licenses. Your rights and obligations with respect to such software are governed solely by those licenses.

6.3 Any content submitted by you (e.g., forum posts, documentation contributions, proposal drafts) may be used by Planck and the community under a perpetual, royalty-free, sublicensable license for development and promotional purposes.

6.4 Nothing in these Terms grants you any rights to use the Planck name, logo, or other proprietary marks without prior written consent, except as expressly permitted for community usage under published brand guidelines.

6.5 By submitting feedback or suggestions regarding the Web3 Services, you grant Planck a worldwide, non-exclusive, perpetual, royalty-free license to use, incorporate, and commercialize such feedback.

7.     Wallets and private keys

7.1 You must use a non-custodial wallet (e.g., MetaMask, WalletConnect-compatible wallet) to interact with the Web3 Services. Planck does not hold or manage your private keys, seed phrases, or recovery mechanisms.

7.2 You are solely responsible for securing your wallet credentials. Loss of private keys or seed phrases may result in the permanent loss of your digital assets. Planck will not be able to assist you in recovering lost access.

7.3 Planck does not guarantee compatibility with all wallet types or providers. You must ensure your wallet is compatible with the blockchain networks and smart contracts used by Planck.

7.4 If your wallet is used to engage in malicious or unauthorized activity on the network (e.g., Sybil attacks, phishing, smart contract exploits), Planck reserves the right to restrict access to certain features, suspend voting rights, or blacklist addresses in accordance with on-chain governance or protocol safety mechanisms.

8.     Security measures and user conduct

8.1 Planck cannot guarantee the absolute security of any blockchain-based system. Smart contracts may contain bugs or vulnerabilities despite audit or testing.

8.2 You agree not to:

• Interfere with or manipulate the smart contracts or governance mechanisms;

• Exploit bugs or vulnerabilities for personal gain;

• Engage in spam, wash trading, or vote manipulation;

• Upload or broadcast malicious code or network traffic.

8.3 Planck may operate a bug bounty program or accept good-faith security disclosures. You are encouraged to report critical vulnerabilities directly to the team or through an official bounty platform.

9.     AML, KYC, and sanctions compliance

9.1 Planck does not offer fiat currency exchange, wallet custody, or regulated financial services. Users are fully responsible for off-chain fiat conversions and KYC obligations tied to such actions.

9.2 Although Planck is a decentralized protocol provider, it reserves the right to implement compliance measures to prevent the use of its Web3 Services for illicit activity, including on-chain heuristics, automated risk scoring, or address flagging.

9.3. You are prohibited from accessing or using the Web3 Services if you are located in or subject to the jurisdiction of any country or territory that is embargoed or sanctioned under Applicable Law.

9.4 Planck may be required to disclose limited user interaction data (e.g., on-chain transactions or IP information) to competent authorities under legal process, subpoena, or enforcement order.

9.5 You agree to reasonably cooperate with Planck in connection with any compliance review, investigation, audit, or enforcement action related to your use of the Web3 Services.

10.  Disclaimers

10.1 The Web3 Services, including all smart contracts, interfaces, and the $PLANCK token, are provided on an "as-is" and "as-available" basis without warranties of any kind, express or implied.

10.2 Planck disclaims all representations and warranties, whether express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, accuracy, or non-infringement.

10.3 Planck does not guarantee uninterrupted access to the Web3 Services or that the underlying smart contracts are free of vulnerabilities, bugs, or exploits.

10.4 The Planck protocol and related services may evolve over time and may include changes, upgrades, forks, or migration. You agree to bear all risks associated with protocol updates and governance decisions.

11.   Limitation of liability

11.1 To the fullest extent permitted by law, in no event shall Planck, its affiliates, directors, officers, employees, developers, or agents be liable for any indirect, incidental, consequential, special, exemplary, or punitive damages, including but not limited to:

• Loss of data;

• Loss of tokens or private keys;

• Business interruption;

• Trading losses or lost profits;

• Reputational harm.

11.2 Planck’s aggregate liability to you for any claims arising out of or relating to these Terms or your use of the Web3 Services shall not exceed $100 USD, regardless of the form of action.

11.3 Some jurisdictions may not allow certain warranty disclaimers or liability limitations. In such cases, the disclaimers and limitations will apply to the greatest extent permissible under applicable law.

12.  Indemnification

12.1 You agree to defend, indemnify, and hold harmless Planck, its affiliates, contractors, licensors, and service providers from and against all claims, damages, losses, liabilities, costs, or expenses (including attorneys’ fees) arising out of or related to:

• Your use or misuse of the Web3 Services;

• Your breach of these Terms;

• Your violation of any third-party rights;

• Your violation of Applicable Law.

12.2 Planck reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which case you agree to cooperate with Planck’s defense of such claims.

13.  Termination

13.1 You may stop using the Web3 Services at any time. Termination does not affect the enforceability of any accrued obligations.

13.2 Planck may suspend or terminate your access to the Web3 Services, smart contracts, or community participation for cause, including:

• Breach of these Terms;

• Engaging in prohibited conduct;

• Legal or regulatory enforcement;

• Protocol-level governance action.

13.3 The provisions of these Terms which by their nature should survive termination (including but not limited to disclaimers, indemnities, intellectual property, and dispute resolution) shall remain in effect.

14.  Governing law

14.1 These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to its conflict of laws principles.

14.2 You agree that the United Nations Convention on Contracts for the International Sale of Goods does not apply to these Terms or your use of the Web3 Services.

15.  Dispute resolution

15.1 In the event of any controversy or claim arising out of or relating to these Terms or the Web3 Services, the parties shall first seek to resolve the matter informally through good-faith negotiations.

15.2 If the matter cannot be resolved within thirty (30) days, any unresolved dispute shall be submitted to binding arbitration under the rules of the BVI International Arbitration Centre (BVI IAC). The seat of arbitration shall be Tortola, British Virgin Islands. The proceedings shall be conducted in English before a single arbitrator.

15.3 Either party may seek interim injunctive or equitable relief in a competent court to prevent immediate and irreparable harm, including in cases of intellectual property infringement or misuse of confidential information.

15.4 All claims must be brought in an individual capacity, and not as a plaintiff or class member in any purported class or representative proceeding.

16.  Final provisions

16.1 These Terms represent the entire agreement between you and Planck regarding the Web3 Services and supersede all prior agreements or understandings.

16.2 If any provision of these Terms is held to be invalid or unenforceable under applicable law, such provision shall be modified to reflect the original intent as closely as possible and all remaining provisions shall remain in full force.

16.3 No waiver of any provision of these Terms shall be deemed a further or continuing waiver of such term or any other term. The failure of Planck to assert any right or provision under these Terms shall not constitute a waiver of such right.

16.4 You may not assign these Terms without prior written consent from Planck. Planck may assign these Terms without restriction, including in connection with a corporate reorganization, merger, acquisition, or sale of assets.

16.5 Planck shall not be liable for any delay or failure to perform resulting from causes outside its reasonable control, including but not limited to acts of God, war, terrorism, riots, embargos, acts of civil or military authorities, fire, floods, pandemics, accidents, strikes, or shortages of transportation, facilities, fuel, energy, labor, or materials.

16.6 These Terms are made in English. Any translation is provided for convenience only. In the event of a conflict between the English version and a translated version, the English version shall prevail.