Terms of Service

2. Nature of Services and Token Utility

2.1 Platform Description

BIDA is a blockchain-based platform that facilitates the tokenization of real-world assets (RWAs) and provides compliant crowdfunding mechanisms. The platform enables fractional ownership, transparent on-chain trading, and community-driven asset participation.

2.2 $BIDA Token - Utility Only

The $BIDA token is a utility token designed exclusively for use within the BIDA ecosystem. It is NOT:

• A security, investment contract, or financial instrument
• A share, equity, or ownership interest in the Company
• A promise or guarantee of profits, returns, or appreciation
• Subject to securities laws or regulations
• An investment opportunity or speculative asset

2.3 Token Utility Functions

$BIDA tokens serve the following utility purposes only:

• Payment of transaction fees on the platform
• Access to platform features and services
• Participation in governance voting mechanisms
• Staking for platform verification privileges
• Rewards for affiliate and referral activities

3. Risk Disclosures and Disclaimers

3.1 No Investment Advice

NOTHING ON THIS PLATFORM CONSTITUTES INVESTMENT, FINANCIAL, LEGAL, OR TAX ADVICE. We do not provide recommendations regarding the purchase, sale, or holding of $BIDA tokens or any tokenized assets. You are solely responsible for conducting your own research and making your own decisions.

3.2 No Guarantees or Warranties

We make NO representations, warranties, or guarantees regarding:

• The value, price, or liquidity of $BIDA tokens
• The success or profitability of any tokenized asset
• The availability or functionality of the platform
• The accuracy or completeness of any information provided
• Future developments, upgrades, or features

3.3 Cryptocurrency Risks

You acknowledge and accept the following risks associated with blockchain technology and cryptocurrencies:

• Volatility: Token prices can fluctuate dramatically and unpredictably
• Loss of Access: Lost private keys result in permanent loss of tokens
• Regulatory Changes: Laws and regulations may change unfavorably
• Technical Risks: Smart contract bugs, hacks, or network failures
• Market Risks: Lack of liquidity, market manipulation, or exchange failures
• Total Loss: You may lose your entire investment

3.4 Compliant Crowdfunding - Not Gambling

BIDA's raffle-style crowdfunding mechanism is a compliant, asset-backed crowdfunding system and is NOT gambling, lottery, or games of chance. All raffles are backed by verified real-world assets and comply with applicable crowdfunding regulations. Participation is voluntary and subject to eligibility requirements.

4. User Responsibilities and Obligations

4.1 Eligibility

By using the Services, you represent and warrant that:

• You are at least 18 years old or the age of majority in your jurisdiction
• You have the legal capacity to enter into binding contracts
• You are not located in a restricted jurisdiction
• You are not subject to economic sanctions or prohibited parties lists
• Your use of the Services complies with all applicable laws

4.2 KYC/AML Compliance

You agree to complete all required Know Your Customer (KYC) and Anti-Money Laundering (AML) verification procedures. We reserve the right to:

• Request additional documentation or information
• Suspend or terminate accounts that fail verification
• Report suspicious activities to relevant authorities
• Refuse service to any user at our discretion

4.3 Prohibited Activities

You agree NOT to:

• Use the Services for illegal activities or money laundering
• Manipulate markets, prices, or trading volumes
• Create multiple accounts or use false identities
• Attempt to hack, disrupt, or compromise platform security
• Violate intellectual property rights
• Engage in fraudulent or deceptive practices
• Use automated systems (bots) without authorization

5. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

5.1 No Liability for Losses

THE COMPANY, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AND AGENTS SHALL NOT BE LIABLE FOR ANY:

• Direct, indirect, incidental, special, consequential, or punitive damages
• Loss of profits, revenue, data, or business opportunities
• Token price fluctuations or loss of token value
• Failed transactions or network congestion
• Smart contract vulnerabilities or exploits
• Third-party actions, including exchange failures or hacks
• Regulatory actions or changes in law
• User errors, including lost private keys or incorrect transfers

5.2 Services Provided "AS IS"

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

5.3 Maximum Liability Cap

IN NO EVENT SHALL THE COMPANY'S TOTAL LIABILITY TO YOU EXCEED THE AMOUNT OF FEES YOU PAID TO US IN THE SIX (6) MONTHS PRECEDING THE EVENT GIVING RISE TO LIABILITY, OR ONE HUNDRED US DOLLARS ($100), WHICHEVER IS LESS.

7. Dispute Resolution and Governing Law

7.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflict of law provisions.

7.2 Arbitration Agreement

Any dispute, controversy, or claim arising out of or relating to these Terms or the Services shall be resolved through binding arbitration in accordance with the rules of [Arbitration Body]. The arbitration shall be conducted in English, and the arbitrator's decision shall be final and binding.

7.3 Class Action Waiver

YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.