Terms and Condition

Silkecoin (SILKE) Token Sale Terms and Conditions

Last updated: June 30, 2025

Version: 1.0

1. Introduction

This document defines the legal terms governing participation in the Silkecoin (SILKE) token sale and the use of its associated web platform. Accessing the platform and/or purchasing tokens implies full acceptance of these Terms and Conditions.

2. Token Classification and Functionality

SILKE is a utility token compliant with the BEP-20 standard on Binance Smart Chain. It does not represent shares, financial instruments, equity, or ownership rights. The token grants access to exclusive functionalities of the Silkecoin platform, including:

  • Blockchain-based order tracking

  • Loyalty programs

  • Discounts and promotional access

  • Participation in DAO governance (after 60 months)

3. Eligibility Requirements

Participation in the SILKE token sale is restricted to individuals who:

  • Are at least 18 years old

  • Have successfully completed the KYC/AML verification process

  • Are not residents of jurisdictions with crypto sale restrictions (e.g., USA, China)

4. Sale Structure and Payment

ICO Period: July 1 – October 15, 2025
Accepted Currencies: USDT, USDC, BUSD (BEP-20)
Initial Price: 0.00001 USDT
Minimum Purchase: 300 USDT/USDC/BUSD

Bonus structure applies based on the purchase date. All transactions are final and non-refundable.

5. Vesting and Token Lock-up

Purchased tokens are subject to the following vesting plan:

  • 12-month initial lock

  • 20% unlocked every 12 months, over 5 years

  • Enforced through audited smart contracts

6. Fees Mechanism

A 3% transfer fee applies to every SILKE transaction.

7. Governance

Governance is centralized for the first 60 months, under the control of the founding team. After that period, governance transitions to a DAO model, enabling token holders to:

  • Submit and vote on proposals

  • Influence funding decisions and platform updates

8. Platform Usage

By using the Silkecoin platform, users agree to:

  • Comply with applicable laws on privacy, AML/KYC, and anti-terrorism

  • Use services responsibly, including token purchase, order tracking, wallet management, and participation in loyalty programs

9. Liability Disclaimer

  • Silkecoin is not an investment: no profits, dividends, or returns are guaranteed

  • Token value may fluctuate or become illiquid

  • The project may not achieve its roadmap goals

  • Users are responsible for securing their wallets and private keys

  • No refunds will be issued after purchase

10. Risk Acknowledgment

By participating, users accept the following risks:

  • Cryptocurrency market volatility

  • Regulatory changes that may affect SILKE utility or legality

  • Technical risks (bugs, hacks, outages)

  • Limited or delayed liquidity

  • User responsibility for wallet access and token storage

11. Legal Compliance

Silkecoin (SILKE) is classified and offered strictly as a utility token, providing access to services within the Silkecoin ecosystem. It is not a security or financial instrument under the definitions of:

  • MiCA (EU)

  • FINMA (Switzerland)

  • FIU (Estonia)

  • AFM (Netherlands)

Participation does not entitle holders to equity, dividends, or legal ownership in any company or entity.

12. Changes to the Terms

Silkecoin reserves the right to update these Terms and Conditions at any time. Updates will be published on the official website and communicated to registered users.

13. Contact and Support

For inquiries, please contact the team at:  support@silkecoin.org

© 2025 Silkecoin. All Right Reserved.
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