AIRDROP – NFT Holder Airdrop Program Terms and Conditions

Last Updated: December 16, 2024

These Airdrop Program Terms (“Terms”) govern the distribution of potential rewards (“Remuneration”) to holders of Non-Fungible Tokens (“NFTs”) issued under the partnership between the Autentic Platform (“Autentic”) and the Rent Tycoon game (“Rent Tycoon”). By participating in the Airdrop Program, you (“Participant” or “you”) acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, do not participate in the Airdrop Program.

  1. Overview of the Airdrop Program
    The Airdrop Program is a promotional initiative to encourage user participation in real estate tokenization projects within the Autentic and Rent Tycoon ecosystem. NFTs issued under this partnership may confer the opportunity (but not the guarantee) to receive Remuneration related to rental income from tokenized real estate projects, as well as the potential future exchange of NFTs for tokens representing real estate shares, if conditions permit.
  2. Purpose and Function of the Airdrop Program
    2.1 The Airdrop Program aims to:
  • Increase awareness and adoption of real estate tokenization within the Autentic and Rent Tycoon ecosystem;
  • Reward NFT holders based on the performance of tokenized real estate rental activities;
  • Encourage active participation and long-term engagement in the platform’s growth and development.

2.2 By holding NFTs issued through the Autentic-Rent Tycoon partnership, Participants may be eligible to receive Remuneration proportionate to the number, category, and characteristics of their NFTs, as defined in the NFT metadata.

  1. Role of NFTs in the Airdrop Program
    3.1 NFTs serve as digital assets linking real-world real estate projects with blockchain-based tokenization concepts. While NFTs are works of digital art, they may also carry parameters for potential future benefits, including:
  • Eligibility to receive a share of rental income from tokenized properties;
  • The opportunity (non-guaranteed) to exchange NFTs for real estate tokens at a later stage; and
  • Additional forms of Remuneration associated with RENT tokens or other ecosystem incentives, as described in the NFT metadata.

3.2 Multiple NFT issuances may occur over time, each potentially featuring different remuneration parameters. Participants should consult the specific NFT metadata for details on Remuneration calculations and conditions.

  1. Conditions for Receiving Remuneration
    4.1 Ownership and Registration:
    To be eligible for Remuneration, your NFT must be:
  • Held in the same wallet used to purchase or register the NFT, and
  • Properly registered on the Autentic platform in accordance with the Terms of Use.

4.2 Snapshot Mechanism:
Remuneration distribution is determined via a “Snapshot,” which captures the state of NFT ownership during a specified 24-hour period on the 10th day of each month (from 00:01 UTC to 23:59 UTC). Only Participants holding eligible NFTs at the time of the Snapshot are considered for that period’s Remuneration.

4.3 No Transfers at Snapshot Time:
You must not sell, transfer, or otherwise dispose of your NFT during the Snapshot period. Any transfer occurring during the Snapshot may disqualify you from receiving Remuneration for that period. The new owner, if applicable, may become eligible after a subsequent Snapshot.

4.4 Amount of Remuneration:
The amount of Remuneration per NFT is determined by the prior month’s rental income and other project metrics, as described in the NFT metadata. Actual payments may vary depending on project performance, market conditions, and other factors beyond Autentic’s or Rent Tycoon’s control.

4.5 Disputes and Inquiries:
If you believe you are entitled to Remuneration but did not receive it, you may contact the official support channel via Telegram at @Autentic_support_bot for verification and clarification. Autentic will review your case but does not guarantee any corrective action.

4.6 Purchases Close to the Snapshot:
If you purchase an NFT on the same day as the Snapshot, there is a possibility that your wallet will not be captured in that period’s Snapshot. This may result in missing Remuneration for that period. Plan your purchases accordingly.

  1. No Warranties and Limitation of Liability
    5.1 No Guarantee of Remuneration:
    Remuneration is not guaranteed and is subject to factors including, but not limited to, market conditions, project success, rental income generation, and regulatory developments.

5.2 Right to Modify or Discontinue:
Autentic reserves the right to modify, suspend, or terminate the Airdrop Program, including the amount and timing of Remuneration, at any time and without prior notice. Any such changes will be effective upon publication on the official Autentic website or other designated communication channels.

5.3 Compliance with Laws:
You agree to comply with all applicable laws and regulations. Autentic and Rent Tycoon are not responsible for any legal or regulatory changes that may affect the Airdrop Program or the use of NFTs.

5.4 Limitation of Liability:
In no event will Autentic, Rent Tycoon, their affiliates, or their respective directors, officers, employees, or agents be liable for any losses, damages, claims, or costs arising directly or indirectly from your participation in the Airdrop Program, including but not limited to lost profits, lost opportunities, or incidental, consequential, or punitive damages.

  1. Severability
    If any provision of these Terms is determined to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
  2. Entire Agreement
    These Terms, along with the Terms of Use, Disclaimers, and any referenced documents, constitute the entire agreement between you and Autentic (and by extension Rent Tycoon) regarding the Airdrop Program. They supersede any prior or contemporaneous understandings, whether written or oral.
  3. Updates to the Terms
    Autentic may revise these Terms at any time, and such changes are effective upon posting on the official Autentic website or other designated channels. Your continued participation in the Airdrop Program after changes are posted constitutes your acceptance of the revised Terms.

By participating in the Airdrop Program, you confirm that you have read, understood, and agree to these Terms. If you do not agree, you must refrain from participating in the Airdrop Program.