Terms of Use

Below is the terms of use of Polygen which you will be bound by.

Welcome to Polygen!

Last updated: Dec 6th, 2021

Polygen is a decentralised launchpad that allows you to fund projects by providing liquidity in a permissionless fashion.

These Terms of Use are entered into by and between You ("User", "Project") and Polygen INC. (“Polygen,” “Company,” “we,” or “us”). The following terms and conditions, together with any documents they expressly incorporate by reference, govern your access to and use of Polygen, including any content, functionality, and services offered on or through www.polygen.io (the “Site”) and https://app.polygen.io/ (the "dAPP").

• Accepting these Terms:

These Terms of Use set out your rights and responsibilities when you use Polygen to provide liquidity to projects (“seed”), buy and sell project raise tokens (“trade”), swap raise tokens and/or seed tokens for actual project tokens (“claim”), (collectively, the “Services''), so please read them carefully. Polygen is a fundraising platform that facilitates transactions between you and a project but is not a party to any agreement between the buyer and seller of tokens or between any users. This acceptable use policy sets out the content standards that apply when you upload content to our site, make contact with other users on our site, link to our site, or interact with our site in any other way.

By clicking on the “I Accept” button, completing the KYC process, or using the Site, you accept and agree to be bound and abide by these Terms of Use and all of the terms incorporated herein by reference. By agreeing to these terms, you hereby certify that you are at least 18 years of age. If you do not agree to these Terms of Use, you must not access or use the Site.

Please note that Section 18 contains an arbitration clause and class action waiver. By agreeing to these Terms of Use, you agree to resolve all disputes through binding individual arbitration, which means that you waive any right to have the dispute decided by a judge or jury, and you waive any right to participate in collective action, whether that be a class action, class arbitration, or representative action.

Polygen reserves the right to change or modify these Terms of Use at any time and in our sole discretion. You agree and understand that by logging into your account, accessing or using the Site following any change to these Terms of Use, you agree to the revised Terms of Use and all of the terms incorporated therein by reference. We encourage you to review the Terms of Use from time to time to ensure that you understand the terms and conditions that apply when you access or use the Site.

• Your Polygen Account:

You need to successfully complete your KYC on Polygen to use our Services. To successfully complete your KYC, you need to complete the steps which includes scanning your face (liveness) and upload a document validating your Identification (passport, driver’s license, national ID, residence permit).

Please refer to the "How to KYC" section in our Gitbook for a complete overview on the steps required.

This is the information that we will ask you to provide to be eligible to access the services on Polygen. We may require you, in our sole discretion, to provide additional information and/or documents. If you do not provide complete and accurate information and/or documents in response to such a request, we may refuse to provide you with the Services.

Your Polygen account is subject to the following conditions:

1. Access: you understand and agree that access to your Polygen account is limited solely to you. You agree that you will not sell, rent, lease, or grant access to your Polygen account to any person without our prior written permission.

2. Security: you understand and agree that you are solely responsible for maintaining the security of your account and control over any user names, passwords, or any other codes that you use to access the Services. Any unauthorized access to your account by third parties could result in the loss or theft of rewards, funds and tokens held in your account/wallet and any associated accounts, including your linked bank account(s) and credit card(s). You understand and agree that you will not hold us responsible for managing and maintaining the security of your account. You further understand and agree that we are not responsible (and you will not hold us responsible) for any unauthorized access to or use of your account. You are responsible for monitoring your account. If you notice any unauthorized or suspicious activity in your account, please notify us immediately.

3. Communication: you agree and understand that we will communicate with you via electronic means. To ensure that you receive all of our communications, you agree to keep your email address and telephone number current and notify us if there are any changes. You agree that any notices, agreements, disclosures, or other communications delivered to your email address on record is considered valid.

4. Refunds: Since transactions on the blockchain are irreversible, we cannot provide refunds for your transactions on our Platform. We have no ability to cancel, revert, or modify any transactions on the Ethereum/Polygon network.

• Account Suspension

You agree that Polygen has the right to immediately suspend your account, pause or cancel your access to the Services, or close your account if we suspect, in our sole discretion, that (1) your account is being used for money laundering or any illegal activity; (2) you have concealed or provided false identification information or other details; (3) you have engaged in fraudulent activity; or (4) you have engaged in transactions in violation of these Terms of Use.

• Refund Policy

Polygen cannot provide refunds for transactions made between two parties (ie ‘Trading’). You will not be eligible for refunds for items for which you have violated the terms of service. In addition, you may not be eligible for refunds if Polygen determines that you are abusing the refund policy, for instance if you have made multiple refund requests.

• Communication

You agree that we may send you promotional communications by email, including, but not limited to, newsletters, special offers, surveys, and other news and information we think will be of interest to you.

You agree that we may send you communications by email or text message that pertain to the status of a purchase or sale of a Fundraising Polygen, and other communications that pertain to your interaction with the website, including but not limited to notifications about the status of a Fundraising You are interested in purchasing.

You may opt out of promotional communications at any time by following the instructions provided therein.

• User Content

Any Profile Information you post to the Site will be considered non-confidential and non-proprietary. By providing any User Content on the Website, you grant us and our affiliates and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, retransmit, publish, broadcast, and otherwise disclose to third parties any such material for any purpose. You represent and warrant that (1) you own and control all rights in and to your User Content and have the right to grant such licenses to us and our affiliates and our respective licensees, successors, and assigns; and (2) all of your User Content do and will comply with these Terms of Use.

You understand and agree that you are responsible for any User Content you submit or contribute, and you, not Polygen, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content, accuracy, or appropriateness of any User Content posted by you or any other user on the Site. If you are a Creator, you hereby grant Polygen the right to use your name and image for marketing or promotional purposes.

If you are a Creator, you agree that we may use or modify images from your creations that you create for marketing or promotional purposes. You also agree that we can use your biography and other public information about you to promote the creations that you create.

As a Creator, you understand and agree that:

1. You are responsible for the accuracy and content of your Creations and rewards;

2. Any Creation that violates any of Polygen’s policies may be obfuscated or deleted by Polygen, in its sole discretion;

3. You will respect the intellectual property of others;

4. You will not coordinate pricing with other Creators.

We reserve the right, in our sole discretion, to prohibit you from uploading your Creations. Although we are not required to monitor any User Content, we may, in our sole discretion, remove User Content at any time and for any reason without notice. Polygen may monitor User Content to detect and prevent fraudulent activity or violation of these Terms of Use.

• Ownership

Unless otherwise indicated in writing by us, the Site, all content, and all other materials contained therein, including, without limitation, the Polygen logo, and all designs, text, graphics, pictures, information, data, software, sound files, other files, and the selection and arrangement thereof (collectively, “Polygen Content”) are the proprietary property of Polygen or our affiliates, licensors, or users, as applicable. The Polygen logo and any Polygen product or service names, logos, or slogans that may appear on the Site or elsewhere are trademarks of Polygen or our affiliates, and may not be copied, imitated or used, in whole or in part, without our prior written permission. You may not use any Polygen Content to link to the Site or Content without our express written permission. You may not use framing techniques to enclose any Polygen Content without our express written consent. In addition, the look and feel of the Site and Content, including without limitation, all page headers, custom graphics, button icons, and scripts constitute the service mark, trademark, or trade dress of Polygen and may not be copied, imitated, or used, in whole or in part, without our prior written permission. Notwithstanding anything to the contrary herein, you understand and agree that you shall have no ownership or other property interest in your account, and you further agree that all rights in and to your account are and shall forever be owned by and inure to the benefit of Polygen.

• Intellectual Property

Outside the Polygen Content, all other trademarks, product names, and logos on the Site are the property of their respective owners and may not be copied, imitated, or used, in whole or in part, without the permission of the applicable trademark holder. Without limiting the foregoing, if you believe that third-party material hosted by Polygen infringes your copyright or trademark rights, please file a notice of infringement by contacting Polygen at [e-mail] with the subject line ‘COPYRIGHT INFRINGEMENT’ In such event, please provide Polygen with the following information: (1) an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest; (2) a description of the copyrighted work that you claim has been infringed; (3) a description of the location on Site of the material that you claim is infringing; (4) your address, telephone number and e-mail address; (5) a written statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent or the law; and (6) a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf. Polygen’s policy is to suspend or terminate the account of repeat infringers. Polygen’s response may depend on relevant aggravating or mitigating circumstances, but generally we will terminate an account if it is the subject of three valid infringement notices.

• Your Use of Polygen

We hereby grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Site and Content. Our grant of such license is subject to the following conditions: Unlawful Activity: you agree not to engage, or assist, in any activity that violates any law, statute, ordinance, regulation, or sanctions program, including but not limited to the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), or that involves proceeds of any unlawful activity. Abusive Activity: you agree not to engage in any activity that poses a threat to Polygen, for example by distributing a virus or other harmful code, or through unauthorized access to the Site or other users’ accounts. Inappropriate Behavior: you agree not to interfere with other users’ access to or use of the Services. Communication: you agree not to communicate with other users for purposes of (1) sending unsolicited advertising or promotions, requests for donations, or spam; (2) harassing or abusing other users; (3) interfering with transactions of other users. You agree not to use data collected from the Site to contact individuals, companies, or other persons or entities outside the Site for any purpose, including but not limited to marketing activity. Fraud: you agree not to engage in any activity which operates to defraud Polygen, others users, or any other person; or to provide any false, inaccurate, or misleading information to Polygen. Gambling: you agree not to utilize the Services to engage in any lottery, bidding fee auctions, contests, sweepstakes, or other games of chance. Taxes: you agree that you are solely responsible for determining what, if any, taxes apply to your Fundraising transactions. Neither Polygen nor any other Polygen Party is responsible for determining the taxes that apply to your Fundraising transactions. Intellectual Property Infringement: you agree not to (1) engage in transactions involving items that infringe or violate any copyright, trademark, right of publicity or privacy or any other proprietary right under the law; (2) use Polygen Content (as defined in Section 7 above) without express written consent from Polygen; or (3) engage in any action that implies an untrue endorsement or affiliation with Polygen. Hyperlinks: you are hereby granted a limited, non-exclusive, non-transferable, revocable license to create a text hyperlink to the Site for noncommercial purposes, provided that such link does not portray Polygen, our affiliates, or the Services in a false, misleading, derogatory, or otherwise defamatory manner, and provided further that the linking site does not contain any adult or illegal materials, or other materials that is offensive, harassing, or otherwise objectionable. Additional Prohibitions: you agree not to (1) distribute, publish, broadcast, reproduce, copy, retransmit, or publicly display any Content; (2) modify or create derivative works from the Site or Content, or any portion thereof; (3) use any data mining, robots, or similar data gathering or extraction methods on the Site or Content; (4) download any portion of the Site or Content, other than for purposes of page caching, except as expressly permitted by us. Individual Use: You agree and represent that your account was created and is being used solely by you personally and that you are not accessing our Site on behalf of any other person or entity. If you are unsure whether a contemplated use would violate these Terms of Use, please contact us at the address listed below under Contact Information.

• Privacy

You acknowledge and agree to the collection, use, and disclosure of your personal information in accordance with Polygen’s Privacy Policy, which is incorporated into this User Agreement by reference.

• Modifications

You agree and understand that we may modify part or all of Polygen or the Services without notice.

• Risks

Please note the following risks in accessing or using Polygen: The price and liquidity of blockchain assets, including Fundraising, are extremely volatile and may be subject to large fluctuations; Fluctuations in the price of other digital assets could materially and adversely affect Fundraising, which may also be subject to significant price volatility; Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of Fundraising; Fundraising are not legal tender and are not backed by the government; Transactions in Fundraising may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable; Some transactions in Fundraising shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that you initiated the transaction; The value of Fundraising may be derived from the continued willingness of market participants to exchange fiat currency or digital assets for Fundraising, which may result in the potential for permanent and total loss of value of a particular Fundraising should the market for that Fundraising disappear; The nature of Fundraising may lead to an increased risk of fraud or cyber attack, and may mean that technological difficulties experienced by Gemini may prevent the access to or use of your Digital Assets; Changes to Third Party Sites (discussed in Section 12 below) may create a risk that your access to and use of the Site will suffer. You agree and understand that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these risks for yourself, and that Polygen does not give advice or recommendations regarding Fundraising, including the suitability and appropriateness of, and investment strategies for, Fundraising. You agree and understand that you access and use Polygen at your own risk; however, this brief statement does not disclose all of the risks associated with Fundraising and other digital assets. You agree and understand that Polygen will not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using Fundraising, however caused.

• Third Parties

Polygen may rely on third-party platforms to perform Fundraising transactions. Our Site may contain links to third-party websites or applications (collectively, “Third Party Sites”). Polygen does not own or control Third Party Sites. You understand and agree that your use of any Third Party Site is subject to any terms of use and/or privacy policy provided by such Third Party Site. Polygen is not a party to any such agreement. You should review any terms of use and/or privacy policy provided by such Third Party Site and should make whatever investigation you feel necessary or appropriate before proceeding with any transaction with any third party. Polygen provides these Third Party Sites only as a convenience and does not review, approve, monitor, endorse, warrant, or make any representations with respect to Third Party Sites, or their products or services. You use all links in Third Party Sites at your own risk. When you leave our Site, our Agreement and policies no longer govern. We may, but are not obligated to, warn you that you are leaving our Site.

• Disclaimers

Except as expressly provided to the contrary in a writing by Polygen, the site, content contained therein, and fundraising listed therein are provided on an “as is” and “as available” basis without warranties or conditions of any kind, either express or implied. Polygen (and its suppliers) make no warranty that the site will (1) meet your requirements; (2) be available on an uninterrupted, timely, secure, or error-free basis; or (3) be accurate, reliable, complete, legal, or safe. We will not be liable for any loss of any kind from any action taken or taken in reliance on material or information, contained on the site. Polygen does not represent or warrant that content on the site is accurate, complete, reliable, current or error-free. We will not be responsible or liable to you for any loss and take no responsibility for, and will not be liable to you for, any use of fundraising including but not limited to any losses, damages or claims arising from: (1) User error such as forgotten passwords, incorrectly constructed transactions, or mistyped addresses; (2) server failure or data loss; (3) corrupted wallet files; (4) unauthorized access to applications; (5) any unauthorized third party activities, including without limitation the use of viruses, phishing, bruteforcing or other means of attack against the site or fundraising. Polygen is not responsible for sustained losses due to vulnerability or any kind of failure, abnormal behavior of software (e.g., wallet, smart contract), blockchains, or any other features of Fundraising. Polygen is not responsible for sustained losses due to late reports by developers or representatives (or no report at all) of any issues with the blockchain supporting Fundraising including forks, technical node issues or any other issues having fund losses as a result. Nothing in this Agreement shall exclude or limit liability of either party for fraud, death or bodily injury caused by negligence, violation of laws, or any other activity that cannot be limited or excluded by legitimate means. To the fullest extent provided by law, Polygen hereby disclaims all warranties of any kind, whether express or implied, statutory, or otherwise, including but not limited to any warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the site and content contained therein. The foregoing does not affect any warranties that cannot be excluded or limited under applicable law.

• Limitation of Liability

To the fullest extent permitted by law, in no event will Polygen To the fullest extent permitted by law, in no event will Polygen be liable to you or any third party for any lost profit or any indirect, consequential, exemplary, incidental, special or punitive damages arising from this agreement, the site, products or third party sites and products, or for any damages related to loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, or loss of data, and whether caused by tort (including negligence), breach of contract, or otherwise, even if foreseeable and even if Polygen has been advised of the possibility of such damages. Access to, and use of, the sites, products or third party sites and products are at your own discretion and risk, and you will be solely responsible for any damage to your computer system or mobile device or loss of data resulting therefrom. Notwithstanding anything to the contrary contained herein, in no event shall the maximum aggregate liability of Polygen arising out of or in any way related to this agreement, the access to and use of the site, content, fundraising, or any products or services purchased on the site exceed the greater of (a) $100 or (b) the amount you have paid to Polygen for the services in the last six months out of which liability arose. The foregoing limitations of liability shall not apply to liability of Polygen for (a) death or personal injury caused by a member of Polygen’s negligence; or for (b) any injury caused by a member of Polygen’s fraud or fraudulent misrepresentation. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you. Some jurisdictions also limit disclaimers or limitations of liability for personal injury from consumer products, so this limitation may not apply to personal injury claims.

• Indemnification

To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Polygen, and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (individually and collectively, the “Polygen Parties”), from and against all actual or alleged third party claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorneys’ fees and expenses) and costs (including, without limitation, court costs, costs of settlement and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Site, Content or Fundraising, (b) any Feedback you provide, (c) your violation of these Terms of Use, and (d) your violation of the rights of a third party, including another user. You agree to promptly notify Polygen of any third party Claims and cooperate with the Polygen Parties in defending such Claims. You further agree that the Polygen Parties shall have control of the defense or settlement of any third party Claims. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Polygen.

• Governing Law

These Terms of Use, your use of Polygen, your rights and obligations, and all actions contemplated by, arising out of or related to these Terms of Use shall be governed by the laws of the United Kingdom, as if these Terms of Use are a contract wholly entered into and wholly performed within the United Kingdom. You understand and agree that your use of Polygen as contemplated by these terms of use shall be deemed to have occurred in the United Kingdom and be subject to the internal laws of that country without regard to its conflicts of laws provisions.

• Disputes

Please read the following agreement to arbitrate (“Arbitration Agreement”) in its entirety. This clause requires you to arbitrate disputes with Polygen and limits the manner in which you can seek relief from us. You agree that any dispute or claim relating in any way to: your access, use, or attempted access or use of the Site; any products sold or distributed through the Site; or any aspect of your relationship with Polygen will be resolved by binding arbitration, except that (1) you may assert claims in small claims court if your claims qualify; and (2) you or Polygen may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyright, or patent). You agree that any such arbitration shall be settled solely and exclusively by binding arbitration held in the United Kingdom and conducted in English, rather than in court. The arbitrator shall have exclusive authority to (1) determine the scope and enforceability of this Arbitration Agreement; and (2) resolve any dispute related to the interpretation, applicability, enforceability or formation of this Arbitration Agreement, including but not limited to any claim that all or part of this Arbitration Agreement is void or voidable; (3) decide the rights and liabilities, if any, of you and Polygen; (4) grant motions dispositive of all or part of any claim; (5) award monetary damages and grant any non-monetary remedy or relief available to a party under applicable law, arbitration rules, and these Terms of Use (including the Arbitration Agreement). The arbitrator has the same authority to award relief on an individual basis that a judge in a court of law would have. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. Such an award is final and binding upon you and us. You understand that by agreeing to this Arbitration Agreement, you and Polygen are each waiving their right to trial by jury and to participate in a class action or class arbitration. If any part of this Arbitration Agreement is found to be invalid or unenforceable, then such part shall be of no force and effect and shall be severed and the remainder of the Arbitration Agreement shall continue to in full force and effect. This Arbitration Agreement shall survive the termination of your relationship with Polygen.

• Termination

We reserve the right, without notice and in our sole discretion, to terminate your license to access or use the Site or Content, at any time and for any reason. You understand and agree that we shall have no liability or obligation to you in such an event.

• Severability

If any term, clause, or provision of these Terms of Use is held invalid or unenforceable, then that term, clause, or provision shall be severable from these Terms of Use and will not affect the validity or enforceability of any remaining part of that term, cause, or provision, or any other terms, clause, or provision of these Terms of Use.

• Entire Agreement

These Terms of Use comprise the entire agreement between you and Polygen relating to your access to and use of the Site and Content, and supersede any and all prior discussions agreements, and understandings of any kind (including without limitation prior versions of this User Agreement). Except as otherwise provided herein, these Terms of Use are intended solely for the benefit of the parties and are not intended to confer third party beneficiary rights upon any other person or entity.

• Survival

You agree and understand that all provisions of these Terms of Use shall survive the termination or expiration of these Terms of Use.

• Contact Information

If you have any questions, would like to provide feedback, or would like more information about Polygen, please feel free to email us at [e-mail]. If you would like to lodge a complaint, please contact us at [e-mail] Polygen INC Address