NFT Terms of Use

Last Updated: December 16, 2024

These Terms of Use (the “Terms”) govern your purchase, ownership, and use of Non-Fungible Tokens (“NFTs”) issued under the Autentic Platform partnership and the Rent Tycoon Game (collectively, the “Project”). By purchasing or otherwise acquiring NFTs through Getgems, Telegram bots, or any other approved platform (the “NFT Marketplace(s)”), you acknowledge that you have read, understood, and agree to be bound by these Terms.

  1. Definitions
  • Autentic Platform (“Autentic”): The real estate tokenization platform and associated services accessible at https://autentic.capital.
  • Rent Tycoon Game (“Rent Tycoon”): The platform or environment in which NFTs may be utilized and displayed.
  • NFT: A unique, non-fungible digital asset created and issued via the TON network, representing artwork and potential future participation rights in real estate tokenization projects developed by Autentic.
  • NFT Holder (“You” or “User”): The owner of an NFT at any given time, reflected on the TON blockchain.
  • NFT Marketplace(s): Any platform or venue (including Getgems and Telegram bots) through which NFTs are issued, offered, bought, or sold.
  1. Nature and Description of NFTs

The NFT you purchase is a unique, non-fungible digital asset. Each NFT is accompanied by certain parameters described in its metadata. While the NFT does not confer ownership of real estate, it may, subject to future conditions and approvals, allow for an exchange into a real estate token within the Autentic ecosystem. Additional details and specifications of the various NFT types and their respective functionalities will be provided in an annex to these Terms.

  1. Ownership and Transfer of NFTs

(a) Rights Granted: By owning an NFT, you have the right to store, display, and transfer it within Rent Tycoon and on the Autentic Platform. Your ownership is recorded on the TON network.

(b) No Real Estate Ownership: Owning an NFT does not constitute ownership of any underlying real estate or a direct equity interest in a real estate project. Any potential future right to exchange the NFT for a real estate token is conditional on legal, regulatory, and market factors, and may never materialize.

(c) Transfers: You are free to transfer or sell your NFT. Upon transfer, all associated rights and obligations, including those related to potential remuneration and future exchange opportunities, are transferred to the new owner. The new owner must register with Autentic and comply with these Terms and any additional requirements set forth by Autentic.

  1. Potential Future Exchange and Remuneration

(a) No Guarantee of Exchange: While it may be possible in the future to exchange NFTs for real estate tokens within the Autentic ecosystem, Autentic and Rent Tycoon make no guarantees regarding the feasibility, timing, or legality of such an exchange. Market conditions, regulatory approvals, and the progress of Autentic’s projects will govern whether and when this might occur.

(b) Remuneration Mechanics: If and when remuneration (e.g., rental-derived payments) is provided, it will be determined based on parameters specified in the NFT’s metadata. Such remuneration is not guaranteed and depends on the underlying success of the related projects. Payment procedures and eligibility criteria are outlined in the Airdrop Program Terms and Conditions for NFT holders.

(c) Snapshot Mechanism: Remuneration distributions may rely on a snapshot of NFT holders. You must hold the NFT in the specified wallet at the time of the snapshot. Transferring or selling your NFT before the snapshot may forfeit your eligibility for that specific remuneration round.

  1. NFT Registration Process with Autentic

To be eligible for any bonuses, remuneration, or potential future exchange into real estate tokens, you must:

  1. Register for an account on the Autentic Platform.
  2. Complete all required verifications and comply with the Autentic Platform User Agreement.
  3. Present and register your NFT(s) and associated TON wallet on the Autentic Platform.

Autentic will collect, process, and maintain a registry of eligible NFT holders in compliance with applicable data protection laws.

  1. Personal Data and Privacy

(a) Data Collection and Use: Autentic may collect personal data (including name, email address, wallet information, and other necessary data) during registration and verification to:

  • Verify user identity
  • Secure user accounts
  • Fulfill remuneration and exchange obligations
  • Improve the quality of services

(b) Data Storage and Retention: Your personal data will be stored as long as necessary to achieve the purposes of processing or as required by applicable law.

(c) Data Sharing and Security: Autentic will not share your personal data with third parties without your explicit consent, except as required by law. Autentic implements appropriate security measures to protect your data from unauthorized access, loss, or destruction.

(d) User Rights: You have the right to access, rectify, and request deletion of your personal data in compliance with applicable laws. To exercise these rights, contact Autentic through the contact information provided on the platform.

  1. Airdrop Program and Additional Conditions

For more information regarding remuneration allocation and related conditions, please review the Airdrop Program Terms and Conditions. Compliance with these conditions is mandatory for receiving remuneration and ensures proper asset tracking and payment calculation.

  1. No Warranty and No Financial Advice

(a) No Warranty: Autentic and Rent Tycoon provide NFTs, platforms, and related functionalities on an “as is” and “as available” basis. No warranty, express or implied, is given regarding the NFTs’ present or future value, any potential exchange for real estate tokens, or anticipated remuneration.

(b) No Financial Advice: Nothing in these Terms or related communications from Autentic or Rent Tycoon constitutes financial, investment, legal, or tax advice. You are solely responsible for any decisions related to your NFTs and should consult with a qualified professional if you have questions about the legal or financial implications of your actions.

  1. Liability and Assumption of Risk

By purchasing and holding NFTs, you acknowledge and assume the following risks and liabilities:

  1. Security Risks: You are solely responsible for safeguarding your wallet credentials. Autentic and Rent Tycoon are not liable for losses arising from hacking, phishing, or unauthorized access to your NFT or wallet.
  2. Regulatory and Market Risks: Changes in laws, market conditions, or regulatory determinations may affect the ability to exchange NFTs for real estate tokens or receive remuneration. Autentic and Rent Tycoon are not responsible for any adverse effects resulting from these changes.
  3. No Guarantee of Income: There is no guarantee of income, profits, or any economic benefit from holding an NFT. Future rewards depend on factors beyond the control of Autentic or Rent Tycoon.
  1. Amendments and Changes to These Terms

Autentic and Rent Tycoon reserve the right to modify these Terms at any time. Any changes will become effective upon posting an updated version at https://autentic.capital. You are responsible for reviewing the Terms periodically. If revisions materially adversely affect your rights, Autentic and Rent Tycoon will endeavor to provide prior notice and a reasonable adaptation period.

  1. Legal Compliance and Regulatory Status

(a) Non-Registered Status: Autentic and Rent Tycoon are not registered as investment companies, investment advisers, or broker-dealers in any jurisdiction. NFTs have not been registered as securities, and no regulatory authority has endorsed the offerings.

(b) Future Regulatory Changes: Future regulatory changes or determinations that NFTs, related tokens, or the activities of Autentic or Rent Tycoon are subject to registration or other requirements may lead to alterations of the project’s structure or operations, potentially adversely affecting NFT holders.

(c) User Compliance: You agree to comply with all applicable laws, regulations, and legal requirements in your jurisdiction regarding the purchase, ownership, and use of NFTs, as well as any related exchanges or remuneration.

By purchasing or holding an NFT, you acknowledge and agree to these Terms, including any referenced annexes and separate program terms. If you do not agree with these Terms, you must refrain from purchasing, holding, or using the NFTs or related services.