W3.IO KNIGHTS PROGRAM TESTNET TERMS AND CONDITIONS

‍Last Updated: May 12, 2025

‍IMPORTANT NOTICE: THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION AND CLASS ACTION WAIVER. BY AGREEING TO THESE TERMS, YOU AGREE TO RESOLVE ALL DISPUTES THROUGH BINDING INDIVIDUAL ARBITRATION, WHICH MEANS THAT YOU WAIVE ANY RIGHT TO HAVE THOSE DISPUTES DECIDED BY A JUDGE OR JURY, AND THAT YOU WAIVE YOUR RIGHT TO PARTICIPATE IN CLASS ACTIONS, CLASS ARBITRATIONS, OR REPRESENTATIVE ACTIONS. YOU HAVE THE RIGHT TO OPT-OUT OF THE ARBITRATION AND CLASS ACTION WAIVER PROVISIONS WITHIN 30 DAYS. PLEASE READ THE ARBITRATION PROVISION (SECTION 14) CAREFULLY.IMPORTANT DISCLAIMER: THE KNIGHTS PROGRAM IS CURRENTLY IN TESTNET PHASE ONLY. THE NETWORK IS STILL IN TESTING PHASE AND MAY CONTAIN BUGS, ERRORS, OR OTHER TECHNICAL ISSUES. YOU ARE EARNING POINTS, NOT TOKENS OR CRYPTOCURRENCY OF ANY KIND. THERE IS ABSOLUTELY NO GUARANTEE, PROMISE, COMMITMENT, OR ASSURANCE THAT THESE POINTS WILL HAVE ANY FUTURE VALUE, UTILITY, CONVERTIBILITY, OR TRANSFERABILITY. PARTICIPATION IN THIS PROGRAM SHOULD BE VIEWED AS CONTRIBUTING TO A TECHNICAL TEST ENVIRONMENT ONLY, WITH NO EXPECTATION OF FINANCIAL RETURN OR BENEFIT.

1. Introduction and Disclaimer
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a) These Terms and Conditions ("Terms") govern your participation in the W3.io Knights Program testnet phase ("Knights Program" or "Program") run by Hi Science Inc. d/b/a W3.io (“W3.io”). By participating in the Knights Program, you expressly acknowledge, understand, and agree to be bound by these Terms in their entirety. You should read these Terms carefully before proceeding with registration or participation.

b) The Knights Program is currently in TESTNET PHASE ONLY. You acknowledge that the network is still in testing phase and may contain bugs, errors, or other technical issues that could impact its functionality or performance.

c) You expressly acknowledge that you are earning POINTS, NOT TOKENS or cryptocurrency of any kind. There is absolutely no guarantee, promise, commitment, or assurance that these points will have any future value, utility, convertibility, or transferability.

d) Your participation in this program should be viewed as contributing to a technical test environment only, with no expectation of financial return or benefit.

2. Program Overview

a) The Knights Program is a validator program for the W3.io network that enables participants to contribute to the network's testnet phase by renting virtual validators.

b) The program is designed solely to test the W3.io network infrastructure prior to any potential mainnet launch. All systems, features, and components are experimental in nature and subject to substantial change, modification, or complete elimination without prior notice.

c) W3.io reserves the right to suspend or throttle access to validators or any component of the Knights Program at any time, with or without notice, for system maintenance, upgrades, testing, compliance with applicable laws or regulations, or in response to unforeseen circumstances, including but not limited to security incidents.

d) W3.io may suspend or terminate the Knights Program, in whole or in part, at any time, for any reason, without liability. In the event of termination, no refunds will be provided and any accrued Points shall have no further utility unless otherwise specified by W3.io.

e) W3.io reserves the right to investigate and restrict participation if it suspects the same individual or entity is controlling multiple accounts, validators, or wallet addresses in a manner that circumvents program limitations or manipulates point accrual systems. W3.io may consolidate or suspend such accounts at its discretion.

f) W3.io does not guarantee the availability, performance, or uptime of your validator(s), and is not liable for any loss of points, rank, access, or perceived advantage resulting from downtime, technical failures, maintenance, or outages.

g) W3.io reserves the right to require identity verification or compliance checks (e.g., KYC/AML) as a condition to continued participation in the Knights Program or any future mainnet programs. Failure to comply may result in suspension or termination.

h) Mainnet eligibility, if offered, is personal to you and may not be transferred, sold, sublicensed, or assigned. W3.io reserves the right to revoke eligibility at any time for violation of these Terms or at its sole discretion.

3. Eligibility and Registration

a) Participation in the Knights Program is open to individuals who complete the registration process and fully agree to these Terms.

b) W3.io reserves the absolute and unqualified right to deny or terminate participation at its sole discretion, with or without cause, and without any liability whatsoever.

c) To participate, you must provide a valid cryptocurrency wallet address for identification purposes, pay the required setup and monthly rental fees, join the W3.io Discord community, and complete any additional registration steps as may be directed by W3.io from time to time.

d) Your participation is at the sole discretion of W3.io, and no right to participate is granted by these Terms.

4. Validator Rental Terms

a) A one-time setup fee of $19.99 USD is required to activate each virtual validator. A recurring monthly fee of $24.99 USD is required to maintain each virtual validator. You authorize W3.io to charge the applicable monthly fee using your selected payment method on a recurring basis, unless and until you cancel your participation in the Program in accordance with W3.io’s procedures. All fees paid to W3.io are non-refundable under any circumstances.

b) Payments must be made in the currency and by the method specified by W3.io. Failure to make timely payments will result in immediate deactivation of your validator(s) without prior notice.

c) Should your validator(s) be deactivated for any reason, including failure to pay the monthly fee, reactivation will require payment of a new setup fee in addition to the monthly fee. Reactivation of a deactivated validator will not restore prior performance data or accrued points unless otherwise specified by W3.io in its sole discretion.

d) You may rent multiple validators at your discretion, with each validator requiring separate setup and monthly rental fees.

e) W3.io reserves the right to modify the fee structure at any time.

5. Points Accrual Disclaimer.

While operating validators during the testnet phase, you may accrue points based on your participation and validator performance. These points have absolutely no monetary value whatsoever and cannot be transferred, sold, or exchanged under any circumstances. These points are not tokens, cryptocurrencies, securities, or assets of any kind. They may or may not have utility in future phases of the W3.io network, at the complete and absolute discretion of W3.io. Points do not represent any ownership stake, investment, or financial interest in W3.io or any related entities. There is no guarantee, promise, or obligation that these points will ever have any value or be convertible to anything of value in the future. Points earned may potentially influence priority access to a potential mainnet phase, position in future programs or offerings, or other benefits, but this is entirely at W3.io's sole and absolute discretion. W3.io has no obligation to honor or recognize these points in any way in the future.

6. Program Benefits Limitations.

Your participation in the Knights Program constitutes contributing to testing and improving the W3.io network on a strictly voluntary basis. You gain early access to the W3.io ecosystem and infrastructure solely for testing purposes. W3.io makes no representations or warranties regarding the availability, functionality, or performance of the network during the testnet phase or any future phases. The testnet is an experimental environment, and any priority or promises regarding mainnet participation are void if the mainnet does not launch.

7. Participant Obligations and Restrictions.

a) You agree to maintain timely and complete payment for your validator(s) as specified in Section 4 of these Terms. You shall not, and shall not attempt to:

i) Manipulate, attack, exploit, hack, or otherwise compromise the W3.io network or its infrastructure;
ii) Submit malicious code, malware, or any other harmful content to the network;
iii) Interfere with other participants' validators or operations;
iv) Use automated scripts, bots, or other technological means to gain unfair advantages;
v) Engage in any form of market manipulation or artificial inflation of network metrics;
vi) Create multiple accounts or validators to circumvent any limitations or restrictions;
vii) Share, transfer, sell, lease, or provide access to your validator credentials to any third party;
viii) Reverse engineer, decompile, or disassemble any portion of the W3.io software or technology;
ix) Use the W3.io network for any illegal, fraudulent, or unauthorized purpose; or
x) Violate any applicable law, rule, or regulation in connection with your use of the Knights Program.

b) You agree to promptly report any bugs, vulnerabilities, errors, or security issues discovered to W3.io through designated channels.

c) You agree to participate in good faith and conduct yourself in a professional and respectful manner when interacting with W3.io representatives or other participants.

d) You acknowledge that W3.io may establish additional rules, requirements, or operational guidelines for the Knights Program, which may be communicated through Discord, email, or other official channels. You agree to comply with all such rules and guidelines.

e) You acknowledge that W3.io may monitor your use of the Knights Program, including validator performance, uptime, and network activity, to ensure compliance with these Terms.

f) W3.io reserves the right to terminate or suspend your participation immediately and without notice for any violation of these Terms, for any behavior that W3.io determines, in its sole discretion, to be harmful to the network or other participants, or for any other reason.

g) You shall be solely responsible for any consequences resulting from your failure to fulfill these obligations, including but not limited to termination of your participation, loss of accrued points, or potential legal action.

h) Any attempt to circumvent or violate these Terms may result in immediate termination of your participation, forfeiture of any accrued points, and potential legal action.

i) You represent and warrant that you are not located in, or a resident of, any jurisdiction subject to sanctions or trade restrictions imposed by the United States or other applicable authorities. You may not participate in the Knights Program if you are on any government list of prohibited or restricted parties.

8. Intellectual Property Rights

a) All intellectual property rights, including without limitation, patents, copyrights, trademarks, trade secrets, proprietary information, logos, designs, code, algorithms, software, documentation, know-how, and all other intellectual property related to the W3.io network, the Knights Program, or any associated materials or technologies ("W3.io IP") are and shall remain the exclusive property of W3.io and its licensors. Nothing in these Terms grants you any right, title, or interest in or to any W3.io IP, except for the limited license to participate in the Knights Program. You shall not copy, modify, distribute, sell, lease, or create derivative works of any W3.io IP.

b) Any feedback, suggestions, ideas, comments, improvements, or other information that you provide to W3.io regarding the Knights Program or the W3.io network ("Feedback") shall become the exclusive property of W3.io. You hereby irrevocably assign to W3.io all right, title, and interest in and to the Feedback, including all intellectual property rights therein, and waive any moral rights you may have in such Feedback. To the extent such assignment is not permitted by law, you grant W3.io an exclusive, royalty-free, perpetual, irrevocable, worldwide license to use, reproduce, modify, display, perform, and distribute such Feedback. W3.io shall have the unrestricted right to use and implement any Feedback in any manner, without compensation or attribution to you.

9. Mainnet Transition Uncertainty.

The Knights Program may eventually transition from testnet to mainnet phase, but there is absolutely no guaranteed timeline for such a transition, if it occurs at all. W3.io makes no representations or warranties regarding if or when such a transition might occur. During a potential mainnet phase, different validator tiers may become available, the option to use your own hardware may be introduced, pricing and structure may change substantially, and revenue sharing mechanisms may be implemented, all at the sole discretion of W3.io. Active testnet participants may be given priority access to mainnet participation, but this is not guaranteed. W3.io reserves the right to modify, discontinue, or abandon the program entirely at any point without notice or liability.

10. Data Collection and Use.

W3.io will collect your wallet address, payment information, validator performance data, and other information necessary for program administration. W3.io may use this information to administer the Knights Program, communicate with participants, improve the W3.io network, conduct analytics, and for other purposes as outlined in the W3.io Privacy Policy. By participating in this program, you consent to the collection, use, and processing of this information. You represent and warrant that you have all necessary rights and permissions to provide any information you submit to W3.io in connection with the program. W3.io does not knowingly collect personally identifiable information unless you voluntarily submit it. Wallet addresses and technical metadata are collected solely to operate and administer the Knights Program. W3.io does not commit to honor deletion requests for data collected during testnet participation, given its role in maintaining the integrity and auditability of the program.

11. Unilateral Modification of Terms. W3.io reserves the absolute and unqualified right to modify these Terms at any time at its sole discretion, with or without notice to participants. Material changes may be communicated to participants via email or through the W3.io Discord, but W3.io has no obligation to provide such notice. Your continued participation after any changes to these Terms constitutes your acceptance of the modified Terms. If you do not agree with any modifications, your sole recourse is to discontinue your participation in the program. You are responsible for regularly reviewing these Terms to ensure awareness of any changes.

12. COMPREHENSIVE LIMITATION OF LIABILITY. THE KNIGHTS PROGRAM IN TESTING PHASE AND IS PROVIDED STRICTLY "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OR REPRESENTATIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. W3.IO EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. W3.IO SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES ARISING FROM OR RELATED TO YOUR PARTICIPATION IN THE KNIGHTS PROGRAM, INCLUDING BUT NOT LIMITED TO LOSS OF REVENUE, PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, EVEN IF W3.IO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU ACKNOWLEDGE AND ACCEPT THE INHERENT RISKS ASSOCIATED WITH PARTICIPATING IN A TESTNET FOR A BLOCKCHAIN NETWORK, INCLUDING BUT NOT LIMITED TO TECHNOLOGICAL FAILURES, SECURITY VULNERABILITIES, LOSS OF ACCESS, AND REGULATORY UNCERTAINTIES. YOUR PARTICIPATION IS ENTIRELY AT YOUR OWN RISK. IN JURISDICTIONS WHERE LIMITATIONS OF LIABILITY ARE RESTRICTED, W3.IO'S LIABILITY SHALL BE LIMITED TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW. YOU AGREE THAT YOUR SOLE AND EXCLUSIVE REMEDY FOR DISSATISFACTION WITH THE KNIGHTS PROGRAM IS TO CEASE PARTICIPATION. W3.IO’S MAXIMUM AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THE KNIGHTS PROGRAM SHALL NOT EXCEED THE TOTAL AMOUNT YOU PAID TO W3.IO IN THE PRECEDING THREE (3) MONTHS.

13. Indemnification.

You agree to defend, indemnify, and hold harmless W3.io, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to: (a) your participation in the Knights Program; (b) your violation of these Terms; (c) your violation of any rights of another; or (d) your use or misuse of the W3.io network or any related services or content. This indemnification obligation shall survive the termination of your participation in the Knights Program and the termination of these Terms. W3.io reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify W3.io, and you agree to cooperate with W3.io's defense of these claims. You agree not to settle any such matter without the prior written consent of W3.io.

14. Governing Law; Arbitration; and Dispute Resolution.

a) These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law provisions.

b) AGREEMENT TO ARBITRATE: Any dispute, controversy, or claim arising out of or relating to these Terms or the Knights Program shall be resolved exclusively through binding arbitration in accordance with the rules of JAMS (Judicial Arbitration and Mediation Services), and shall be conducted in English. The arbitration shall be conducted remotely, with the situs of arbitration deemed to be Denver, Colorado for purposes of venue and jurisdiction. Any award rendered by the arbitrator shall be final and binding on the parties. Judgment on the award may be entered in any court having jurisdiction thereof

c) CLASS ACTION WAIVER: You hereby expressly waive any right to participate in any class action, collective action, or representative proceeding. You further agree that any claim or dispute must be brought in your individual capacity, and not as a plaintiff or class member in any purported class, collective, or representative proceeding.

d) JURY TRIAL WAIVER: To the extent permitted by applicable law, you hereby waive your right to a trial by jury in any dispute, action, or proceeding arising out of or relating to these Terms or the Knights Program. This waiver applies to any dispute that is submitted to arbitration as well as to any dispute that is determined not to be subject to arbitration or if the arbitration provision is found to be unenforceable for any reason.

e) 30-DAY OPT-OUT RIGHT: You have the right to opt out of the arbitration and class action waiver provisions set forth above by sending written notice of your decision to opt out to [insert email address] within thirty (30) days after first becoming subject to these Terms. Your written notification must include your name, address, email address associated with your account, and a clear statement that you wish to opt out of, separately, the arbitration provisions, the class action waiver, or the jury trial waiver. If you opt out of these provisions, all other parts of the Terms will continue to apply.

f) In the event that the arbitration provisions of these Terms are found to be unenforceable or inapplicable for any reason, or if you have opted out of the arbitration provisions, you expressly agree that: (i) any litigation shall be brought solely in the state or federal courts located in Denver, Colorado; (ii) you irrevocably consent to the exclusive jurisdiction and venue of such courts; and (iii) you waive any right to a jury trial and to participate in any class action or representative proceeding.

g) Nothing in this section shall prevent W3.io from seeking injunctive or other equitable relief in any court of competent jurisdiction.

15. Force Majeure.

W3.io shall not be liable for any delay or failure to perform due to circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, pandemics, cyberattacks, governmental orders, or failures of third-party infrastructure.

16. Successors and Assigns.

These Terms bind and inure to the benefit of each party and its respective successors, assigns, and authorized representatives. You may not assign or transfer your rights or obligations without prior written consent of W3.io.

17. No Investment Intent.

You expressly acknowledge and agree that your participation in the Knights Program is not for any investment purpose, expectation of profit, or speculative gain, and that W3.io has made no representations to the contrary. You acknowledge and agree that participation in the Knights Program does not constitute a sale of tokens, offer of securities, or participation in any investment scheme.

18. Comprehensive Acknowledgment.

By participating in the Knights Program, you acknowledge and affirm that you have read, understood, and agreed to these Terms in their entirety. You acknowledge you are participating in a testnet environment that may contain bugs, defects, or issues. You acknowledge you are earning points with absolutely no guaranteed future value or utility. You acknowledge the program structure, fees, and benefits may change upon any potential mainnet launch. You acknowledge you assume all risks associated with your participation. You acknowledge your participation does not create any form of partnership, employment, or agency relationship with W3.io. You acknowledge that any Feedback you provide becomes the exclusive property of W3.io. Nothing in these Terms shall be construed to create any partnership, joint venture, agency, or employment relationship between you and W3.io. You do not have any authority to bind or act on behalf of W3.io in any way.

‍I EXPLICITLY ACKNOWLEDGE AND UNDERSTAND THAT I AM PARTICIPATING IN A TESTNET AND TESTING PHASE PROGRAM. I AM EARNING POINTS, NOT TOKENS, AND THAT THERE IS ABSOLUTELY NO GUARANTEE THAT THESE POINTS WILL HAVE ANY FUTURE VALUE OR UTILITY WHATSOEVER. I AM NOT PARTICIPATING WITH AN INVESTMENT INTENT. I PARTICIPATE IN THIS PROGRAM ENTIRELY AT MY OWN RISK WITH FULL KNOWLEDGE OF ITS EXPERIMENTAL NATURE. I UNDERSTAND THAT ANY FEEDBACK I PROVIDE BECOMES THE EXCLUSIVE PROPERTY OF W3.IO.