Terms of service
1. SOX Utility
(a) you may redeem SOX “Contract 0x300a902513815028e97fc79e92082ce6a98d3b74” for a pair of limited edition Ethersocks and a limited edition NFT
(b) to sell, transfer, lend, gift, burn or otherwise deal with SOX tokens as you see fit. This right is enforced by the SOX smart contract and the Ethereum blockchain and is noted here for completeness.
2. These Terms do not impose any obligations or liability on you if all you do is acquire, buy, sell, farm or hold SOX . Redemption of SOX is subject to the terms set forth below.
3. Minting and burning of SOX There is a maximum supply of 3200 SOX tokens that will ever exist.
(a) dDAO may burn any amount of SOX held by dDAO at any time.
(b) dDAO does not have the right or ability to burn SOX that dDAO does not hold.
5. The above rights are enforced by the SOX smart contract and the Ethereum blockchain and are noted here for completeness.
6. Redeeming SOX You can redeem SOX for a pair of limited edition socks and a limited edition NFT by sending it to (To be announced)
7. You cannot redeem SOX for any services that:
(a) are not listed or otherwise agreed between you and dDAO prior to redemption
(b) are prohibited by the laws or regulations of any jurisdiction(s) that you or dDAO are subject to; or
(c) would require dDAO to assist in or provide advice about how to commit, or avoid detection or prosecution for the commission of, any illegal act in any jurisdiction.
8. If you attempt to redeem SOX in contravention of the requirements listed in section 7 above, dDAO reserves the right to refuse to provide Services and not refund any SOX that you have redeemed.
9. In order to avoid any doubt, dDAO may require you to sign a message from the same Ethereum address that you redeemed SOX from. This will only be required if there is any doubt or dispute about the person(s) claiming to have made the redemption transaction.
10. Provided that the above criteria are met, dDAO agrees to provide professional services (“Services“) to any person who redeems SOX, on the terms set forth in these Terms and as otherwise noticed by dDAO.
11. Performing the Services
dDAO will make reasonable best efforts in good faith to provide the Services to you as soon as possible after you redeem SOX. dDAO does not guarantee availability or provide any commitment about when dDAO will be able to provide the Services to you.
12. If at any time you attempt to procure dDAO to provide Services in contravention of the requirements in section 7 above, dDAO reserves the right to cease to provide Services and not to refund any SOX that you have redeemed. Independent Contractor Relationship
13. dDAO’s relationship with you will be that of an independent contractor, and nothing in these Terms is intended to, nor should be construed to create a partnership, agency, joint venture, or employment relationship. dDAO is not entitled to any employment benefits from you. dDAO will provide and use their own computer and all other equipment required to perform services for you.
Apart from redeeming SOX, you do not have to pay any other fees for the Services.
15. Ownership of Work Product
dDAO agrees that any and all work product developed by dDAO alone or in conjunction with others in connection with the performance of services pursuant to these Terms is and shall be your sole property, and dDAO shall retain no ownership, interest, or rights therein. Work product includes but is not limited to reports, graphics, memoranda, presentations, email and letter correspondence between dDAO and you, and between dDAO and third parties on behalf of you.
“Confidential Information” means any and all technical and nontechnical information including patent, copyright, trade secret, proprietary information, designs, business plans, all files and client information related to any of your past, current, future, and proposed business, without limitation, your property, and your information concerning customers, research, financial information, purchasing, business forecasts, sales and merchandising, and marketing plans and information, whether in digital or physical format.
17. dDAO agrees to protect the confidentiality of all of your Confidential Information and, except as permitted in this section, dDAO shall neither use nor disclose the Confidential Information. dDAO may use the Confidential Information solely to perform the Services under these Terms for your benefit.
18. dDAO’s obligations above with respect to any portion of the Confidential Information shall not apply to any such portion that dDAO can demonstrate
(a) was in the public domain at or subsequent to the time such portion was communicated to dDAO by you,
(b) was rightfully in dDAO’s possession free of any obligation of confidence at or subsequent to the time such portion was communicated to dDAO by you, or
(c) was developed by dDAO independently of and without reference to any information communicated to dDAO by you. Limitation of Liability
19. You agree, to the fullest extent permitted by law, to limit the liability of dDAO to you for any and all claims, losses, costs, expenses, or damages of any nature whatsoever, from any cause or causes, so that the total aggregate liability of dDAO to you shall not exceed the US Dollar equivalent value of the initial public Sale price of 0.032 ETH per SOX token. It is intended that this limitation apply to any and all liability or causes of action however alleged or arising, unless otherwise specifically prohibited by law. All claims against dDAO shall be deemed waived unless made in writing and received by dDAO within one month after completion of the Services with respect to which the claim is being made.
20. Notwithstanding any provision in these Terms to the contrary, no Party shall be liable hereunder for any consequential, special, or punitive damages (including lost profits).
21. You accept and acknowledge that there are risks associated with holding or using SOX and using the Ethereum Network, including but not limited to, the risk of losing access to your Ethereum address due to loss of private keys, seed words or other credentials, and the risk of unknown vulnerabilities in the SOX smart contract code or the Ethereum Network Protocol. You acknowledge and accept all such risks and agree that dDAO is not responsible and is not liable for any loss of value you may experience as a result. You accept and acknowledge that dDAO will not be responsible for any losses, failures, disruptions, errors, distortions, or delays you may experience when holding or using SOX however caused.
- Why use this launch method?
The advantage of the DODO Crowdpooling service is that it automates the distribution of the SOX token in such a way that grants everyone the opportunity to acquire an original piece of tokenized apparel before then benefitting from the merits of an automated market maker.
- What happens if there is not enough SOX for everybody in the fixed price phase?
The Crowdpooling mechanism is set up in such a way that the initial 1280 tokens will be distributed equally to all participants in the fund raise. As such, anyone who submits ETH to the pool will receive a proportion of SOX tokens equal to their share of the total amount. A 10 SOX (or 0.32ETH) cap has been put in place to prevent whales buying up an overabundance of supply. If the pool is oversubscribed, however, those who purchased one SOX token may need to supplement the amount purchased in order to complete redemption.
The advantage of the DODO Crowdpooling service is that it automates the distribution of the SOX token in such a way that grants everyone the opportunity to acquire an original piece of tokenized apparel before then befitting from the merits of an automated market maker.