Lockdrop is a way for Monkey League to reward its community for having a long-term mindset and locking up their MBS tokens. By locking your MBS tokens, you will have the opportunity to be entitled to rewards in the way of $SCORE tokens, after a certain period of time.
In participating in the Lockdrop program, Your MBS tokens will be locked in an on-chain cryptocurrency wallet on the blockchain network.
When You lock your MBS tokens in the Lockdrop program, You retain ownership of your MBS tokens and they shall remain property of you when locked under the terms of this Lockdrop Terms.
MBS SP reserve the right to adapt and amend these Lockdrop Terms at any time without any prior notice.
End of Term
At the end of the Lockdrop Term and upon claiming in the dedicated place on the Website, Your MBS tokens will be sent back to the wallet You used in order to participate in the Lockdrop. At the schedule determined by MBS SP, You will be able to claim the rewarded $SCORE tokens in the dedicated place on the Website. You will not be able to claim for MBS tokens before the end of the Term. You will not be able to claim for $SCORE tokens before the date(s) determined by MBS SP in the schedule.
Nothing included in the Lockdrop program constitutes an offer or solicitation to sell or distribute investments and related services to anyone in any jurisdiction.
The regulatory environment concerning cryptocurrencies and other digital assets continues to develop. The application and interpretation of existing laws and regulations are often largely untested and there is a lack of certainty as to how they will be applied. New laws and regulations that apply to blockchain technology and digital assets may be promulgated in the future and no assurance can be given that any such changes will not adversely affect digital assets generally or the services. It is not possible to predict how such changes would affect the price and liquidity of digital assets generally, or the Lockdrop program.
Regulatory actions could negatively impact cryptocurrencies and other digital assets in various ways, including, for purposes of illustration only, through a determination (with retrospective or prospective effect) that digital assets are regulated financial instruments requiring registration or licensing in certain jurisdictions. We may have to limit the availability of certain contracts or disallow Users based on their citizenship, residence or location from engaging in the Lockdrop program if doing so becomes commercially unsustainable or legally prohibited.
We (including our directors, officers, shareholders, affiliates and employees) will not be responsible or liable to You for any losses You might incur as a result of your use of the blockchain network or your electronic wallet, including, but not limited to, any losses, damages or claims arising from: (a) user error, such as forgotten passwords or incorrectly construed smart contracts or other transactions; (b) server failure or data loss; (c) corrupted wallet files; (d) intellectual property infringement by the Users; and (e) unauthorized access or activities by third parties, including, but not limited to, the use of viruses, phishing, bruteforcing or other means of attack against the tools, the blockchain network, or the electronic wallet.
We do not make any representations or warranties with regards to the accuracy, the correctness, results, or reliability of the use of the materials and information on our Lockdrop program on the Website or specific returns to be generated through Your use of the program on this Website.
The Lockdrop program is provided on an ‘as is’ basis. We make no warranties, expressed or implied, and hereby disclaim and negate all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights.
You agree that We nor the distributor guarantee that We or the distributor will distribute Lockdrop rewards to You, and that where the distributor do so, the applicable percentage of Lockdrop rewards set out on the Website: (a) are estimates only; (b) are not guaranteed; and (c) may change at any time in Our sole discretion.
You shall not rely on the reward estimations, and using them as a tool when making a decision regarding initiating a deposit on the Lockdrop program is made at the User’s sole risk. We will not bear any responsibility in connection with inaccuracies of the reward return estimations and You undertake not to raise any claim against Us for any damage and/or loss and/or expense it incurs as a result of relying on or opening a deposit.
The on-chain cryptocurrency Lockdrop program is not a depository, custody, or bank program. Your deposited MBS are not covered by any governmental insurance protection against losses and are not being held in custody or trust by Us.
IN NO EVENT AND UNDER NO LAW-THEORY OF LIABILITY, INCLUDING CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, WARRANTY, OR OTHERWISE, WE WILL BE LIABLE TO YOU FOR ANY DIRECT OR INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, OR LOST PROFITS ARISING FROM OR RELATING TO THESE TERMS OR THE SERVICES, INCLUDING THOSE ARISING FROM OR RELATING TO CONTENT AND MATERIAL MADE AVAILABLE ON THE SERVICES THAT IS ALLEGED TO BE DEFAMATORY, OFFENSIVE, OR ILLEGAL. ACCESS TO, AND USE OF, THE LOCKDROP PROGRAMS IS AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR DEVICE OR COMPUTER SYSTEM, OR LOSS OF DATA RESULTING THEREFROM. THE LIMITATIONS OF THIS SECTION WILL APPLY TO ANY LAW-THEORY OF LIABILITY, INCLUDING THOSE BASED ON WARRANTY, CONTRACT, STATUTE, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, AND EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF ANY SUCH DAMAGE, AND EVEN IF ANY REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED ITS ESSENTIAL PURPOSE. FURTHERMORE, ANY LIABILITY IS LIMITED TO THE EXTENT PERMITTED BY LAW. TO THE EXTENT THE FOREGOING EXCLUSION OF LIABILITY IS NOT PERMITTED UNDER APPLICABLE LAW, OUR LIABILITY IN SUCH A CASE WILL BE LIMITED TO THE GREATEST EXTENT PERMITTED BY LAW.
Changes or End of Service
We reserve the right to modify, suspend, or discontinue the Lockdrop program(s) (in whole or in part) at any time, with or without notice to you. Any future release, update, or other addition to the functionality of the Lockdrop program(s) will be subject to these Lockdrop Terms, which may be updated from time to time. We reserve the right to adjust the characteristics, payout, transfers, timeframes, and any other related matter of the Lockdrop program at any time without any prior notice.
You agree that We will not be liable to You for any modification, suspension, outage, or discontinuation of the Lockdrop programs or any part thereof.
All provisions of the terms and conditions which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity, and limitations of liability.
While We take measures to ensure that the Lockdrop is accessible, We cannot guarantee the uninterrupted or error-free operation of the Lockdrop or that We will correct all defects or prevent third-party disruptions or unauthorized third-party access. In the event of such disruptions, any locked MBS tokes may not be generating the rewards.
The tax treatment of certain digital currency transactions is uncertain, including Your voluntary election to lock Your MBS tokens, and it is Your responsibility to determine what taxes, if any, arising from these transactions. You are solely responsible for reporting and paying any applicable taxes arising from Lockdrop through the Website and all related transactions and acknowledge that MBS SP does not provide investment, legal, or tax advice to You in connection with such election to participate. You should conduct Your own due diligence and consult your advisors before making any decision including whether to participate in Lockdrop and related transactions.
Information provided on the Website is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to hold, stack, claim, buy or sell or a solicitation of an offer or recommendation to hold, stack, claim, buy or sell any digital asset or to use any particular decision. We make no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this Website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
Citizens, nationals, residents (tax or otherwise), green card holders, entities organized and/or Restricted Persons of any Restricted Jurisdiction (as defined below) are not permitted to participate and are expressly prohibited from participating in the Lockdrop program according to this Lockdrop Terms. “Restricted Jurisdiction” means (a) United States of America (and its territories, including Puerto Rico), British Virgin Islands, Israel, Cuba, Iran, North Korea, Sudan, Syria, Lebanon, Russia and the Crimea, Donetsk or Luhansk regions of Ukraine; (b) any jurisdiction listed in any sanction list issued by (i) the United States of America, (ii) the United Nations Security Council, (iii) the European Union, (iv) the United Kingdom, (v) Israel or (vi) the respective governmental institutions of any of the foregoing including, without limitation, the Financial Action Task Force (FATF), Her Majesty’s Treasury, the Office of Foreign Assets Control of the US Department of the Treasury, the US Department of Commerce, the US Department of State or any other agency of the US government, the Israeli Ministry of Finance and the Israeli Ministry of Defense, each as amended, supplemented or substituted from time to time; or (c) any other jurisdiction which prohibits or requires any supervision oversight licensing regulatory compliance legal compliance and/or prior approval from any regulatory (or similar) authority or body or form any monetary or securities body or authority for the participation in a Lockdrop program and/or the purchase of digital curries or any similar activity or product. “Restricted Persons” refers to any individual, firm, company, partnership, trust, corporation, entity, government, state or agency of a state or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of a Restricted Jurisdiction or is listed under any sanction list administered a country stated in section 9(b) above.
You agree not to use a VPN or any other software to hide or modify your IP address.