PLEASE READ THESE TERMS OF SERVICE CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION REGARDING YOUR LEGAL RIGHTS, REMEDIES, AND OBLIGATIONS. THESE INCLUDE VARIOUS LIMITATIONS AND EXCLUSIONS, AND A DISPUTE RESOLUTION CLAUSE THAT GOVERNS HOW DISPUTES WILL BE RESOLVED.
1. Introduction and Binding Agreement
These Terms of Service (the "Terms") constitute a legally binding agreement between you (whether as an individual or on behalf of an entity, "you," "your," or "User") and FOC Labs LLC, a Wyoming limited liability company ("FOC Labs" "we," "us," or "our"). These Terms govern your access to and use of the FOC Labs platform, including the Famous Official Crypto (FOC) ecosystem, Fan Attention Mining Token (FAM), FOCA verification system, FOCEX trading platform, and all associated services (collectively, the "Services").
By accessing or using any part of the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree to all of these Terms, you must not access or use the Services.
2. Definitions and Interpretations
Throughout these Terms, unless expressly stated otherwise:
"Platform" refers to the entire FOC ecosystem, including all websites, applications, and services operated by FOC Labs.
"FAM" Fan Attention Mining Token is the universal mining cryptocurrency of our ecosystem. It's the foundation token that you earn through mining and can use to stake on brands you believe in to promote their official launch as a Brand Engagement Token (BET).
"FOCA" means the Famous Official Crypto Authorization system, our proprietary verification and authentication protocol.
"FOCEX" means the Famous Official Crypto Exchange, our regulated trading platform for digital assets.
"Token" means any digital asset created, verified, or traded through our Platform.
"Celebrity User" means any public figure or corporate entity utilizing our Services for token creation or verification purposes.
"Verification" means the process of authenticating identity and maintaining ongoing validation through our FOCA system.
"Trading Activities" means any action related to the buying, selling, or exchanging of tokens on FOCEX.
3. Registration and Account Requirements
3.1 Eligibility Criteria
To access and use our Services, you represent and warrant that you:
(a) Are at least 18 years of age or the legal age of majority in your jurisdiction, whichever is higher;
(b) Have the legal capacity to enter into binding contractual agreements;
(c) Are not located in, under the control of, or a national or resident of any Restricted Jurisdiction;
(d) Have not previously been suspended or removed from using our Services;
(e) Are not subject to economic or trade sanctions administered or enforced by any governmental authority;
(f) Will only use the Services for lawful purposes and in accordance with these Terms.
3.2 Account Creation and Maintenance
3.2.1 Registration Process
You must:
(a) Complete all required fields in the registration form with accurate, current, and complete information;
(b) Maintain and promptly update your account information to keep it accurate, current, and complete;
(c) Complete our verification procedures as required for your intended use of the Services;
(d) Choose a strong password and maintain its confidentiality;
(e) Enable any additional security features available for your account.
3.2.2 Security Obligations
You are responsible for:
(a) Maintaining the confidentiality of your account credentials;
(b) All activities that occur under your account;
(c) Implementing and maintaining appropriate security measures;
(d) Immediately notifying us of any unauthorized access or security breaches;
(e) Ensuring all login sessions are properly terminated.
4. KYC Verification System
4.1 Verification Requirements
4.1.1 Standard Verification
All users must complete our standard verification process if they want to withdraw or transfer from their account, which includes:
(a) Identity verification through government-issued documentation;
(b) Proof of residence verification;
(c) Contact information verification;
(d) Compliance with applicable Know Your Customer (KYC) requirements;
(e) Anti-Money Laundering (AML) screening.
4.1.2 Celebrity Verification
Celebrity Users must complete enhanced verification procedures, including:
(a) Professional credential verification;
(b) Public presence validation;
(c) Management team verification;
(d) Legal representative verification;
(e) Additional security measures as required.
5. Token Creation and Management
5.1 Token Creation Authority
5.1.1 Authorization Requirements
Token creation is restricted to verified Celebrity or Corporate Users who have:
(a) Price movements exceed established thresholds;
(b) Trading volume anomalies are detected;
(c) Systematic risks are identified;
(d) Technical issues require resolution;
(e) Emergency protocols are activated.
6.2.2 Prohibited Trading Activities
Users shall not engage in:
(a) Market manipulation;
(b) Wash trading;
(c) Front-running;
(d) Spoofing;
(e) Any other deceptive trading practices.
7. Security and Risk Management
7.1 Platform Security
7.1.1 System Security
FOC Labs implements:
(a) Multi-layer authentication protocols;
(b) Advanced encryption standards;
(c) Real-time monitoring systems;
(d) Automated threat detection;
(e) Emergency response procedures.
7.2 Risk Disclosures
7.2.1 Platform Risks
Users acknowledge that:
(a) Digital asset values may be volatile;
(b) Past performance does not guarantee future results;
(c) Technical failures may impact platform operation;
(d) Regulatory changes may affect Services;
(e) Market conditions may impact liquidity.
8. Intellectual Property Rights
8.1 Platform Ownership
8.1.1 FOC Labs' Rights
FOC Labs exclusively owns all rights to:
(a) Platform technology and infrastructure;
(b) FOCA verification system;
(c) Trading system architecture;
(d) Brand assets and identifiers;
(e) Proprietary algorithms and protocols.
8.2 User Content Rights
8.2.1 Content Ownership
Users retain rights to:
(a) Original content submissions;
(b) Personal identification information;
(c) Account-specific data;
(d) Trading history records;
(e) User-generated materials.
9. Privacy and Data Protection
9.1 Data Collection and Use
9.1.1 Information Collection
We collect and process:
(a) Account registration information;
(b) Verification documentation;
(c) Trading activity data;
(d) Platform usage information;
(e) Communication records.
9.2 Data Protection Measures
9.2.1 Security Standards
We implement:
(a) Industry-standard encryption;
(b) Access control systems;
(c) Data backup protocols;
(d) Breach detection systems;
(e) Regular security audits.
10. Dispute Resolution
10.1 Governing Law
10.1.1 Legal Framework
These Terms are governed by and construed in accordance with the laws of the State of Wyoming, United States, without regard to its conflict of law principles. The application of the United Nations Convention on Contracts for the International Sale of Goods is expressly excluded.
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