Welcome to Seedify! These Terms of Service ("Terms") govern your use of our platform that facilitates various services such as the minting and staking of Non-Fungible Tokens (NFTs). By accessing or using our services, you acknowledge and agree to abide by these Terms. Please read them carefully.
By using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to these Terms, you may not access or use our platform.
You must be at least 18 years old or of the legal age of majority in your jurisdiction to use our services. By accessing or using our platform, you represent and warrant that you meet the eligibility requirements.
To access certain features of our platform, you may need to create an account. You agree to provide accurate, complete, and up-to-date information during the registration process. You are solely responsible for maintaining the confidentiality of your account credentials and are liable for any activity that occurs under your account.
4.1 Staking Overview
Our platform allows you to stake NFTs for specific purposes, such as earning staking rewards. Staking may involve voluntarily locking your NFTs for a specified duration, during which you may be eligible to receive rewards based on predetermined conditions. The staking terms, including duration, rewards, staking requirements, and any associated risks, will be clearly communicated on our platform for each staking opportunity.
4.2 Risks and Considerations
You acknowledge and understand that staking NFTs involves certain risks. These risks may include, but are not limited to, the potential loss of staked NFTs, changes in the staking terms, market volatility, technological vulnerabilities, regulatory changes, and the failure of underlying smart contracts or blockchain networks. It is your responsibility to carefully evaluate these risks and make informed decisions before participating in any staking opportunities on our platform.
4.3 Reward Calculation and Distribution
The calculation and distribution of staking rewards will be based on the terms and conditions specified for each staking opportunity. These terms may include factors such as staked NFT quantity, staking duration, reward distribution mechanism, and any other relevant conditions. The exact reward structure and distribution process will be clearly communicated on our platform.