Terms of Service

1. Acceptance of Terms

These Terms of Service ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and Joy Token Foundation ("we," "us," or "our") governing your use of:

• The Joy Token website at joytoken.io
• The CoinDaily platform at coindaily.online
• Joy Token ($JY) utility tokens
• All associated services, tools, and features (collectively, the "Services")

By accessing, using, or purchasing $JY tokens, you agree to be bound by these Terms. If you do not agree, DO NOT use our Services or purchase tokens.

You must be at least 18 years old and have the legal capacity to enter into contracts. If you are using our Services on behalf of an organization, you represent that you have authority to bind that entity.

2. Joy Token Utility - NOT A SECURITY

2.1 Utility Token Classification

Joy Token ($JY) is a utility token that grants access to specific platform features and services within the CoinDaily ecosystem. IT IS NOT A SECURITY under the Howey Test or similar legal frameworks because:

• No Investment Contract: Token purchase is a transaction for utility access, not investment capital
• No Common Enterprise: Users do not pool funds; each purchases tokens individually for personal use
• No Expectation of Profits from Others' Efforts: Token value derives from utility and market demand, not company performance
• Active User Participation Required: Users must actively use platform features; tokens have no passive value

2.2 Permitted Uses of $JY (Utility Functions)

$JY tokens may ONLY be used for the following purposes:

• Premium Content Access: Unlock exclusive market analysis, whale alerts, investigative reports
• Advertising Discounts: Pay for platform advertising at 50% discount compared to fiat
• Staking for Rewards: Lock tokens to earn rewards from platform revenue allocation (NOT investment returns)
• Governance Voting: Participate in platform decisions with everlasting voting power (content priorities, feature development, treasury allocation, partnership approvals, regional expansion, editorial guidelines). Core team retains veto power for critical security matters.
• Transaction Fee Reduction: Reduced or waived fees for certain platform actions
• Early Feature Access: Beta testing and early access to new platform features
• Community Recognition: Highly engaged token holders can be celebrated, recognized, and invited to join core team roles as the platform matures

2.3 What $JY Is NOT

Joy Token explicitly does NOT represent:

• ❌ Equity, shares, or ownership in Joy Token Foundation or any affiliated entity
• ❌ Rights to dividends, profits, or revenue shares
• ❌ Debt obligation, loan, or promise of repayment
• ❌ Investment opportunity or financial instrument
• ❌ Voting rights over corporate governance, management decisions, or entity control (governance voting is limited to platform operations only)
• ❌ Legal or beneficial ownership of platform assets or intellectual property
• ❌ Right to participate in liquidation proceeds or asset distribution

2.4 Staking Rewards Are Utility Incentives

3. Eligibility and Restrictions

3.1 Geographic Restrictions

The following persons are PROHIBITED from purchasing or using $JY tokens:

• U.S. Persons: Citizens, residents, or entities organized under U.S. law
• OFAC-Sanctioned Countries: Cuba, Iran, North Korea, Syria, Crimea region
• Restricted Jurisdictions: China, Afghanistan, any jurisdiction where token sales are prohibited

By purchasing $JY, you represent and warrant that you are NOT a resident, citizen, or entity in any restricted jurisdiction. We implement IP blocking and KYC verification to enforce these restrictions.

3.2 Accredited Investor Status (Non-U.S. Only)

While $JY is a utility token (not a security), we require participants to meet accredited investor criteria in their jurisdiction OR demonstrate financial capacity to bear risk:

• Annual income exceeding $100,000 USD (or equivalent)
• Net worth exceeding $1,000,000 USD (or equivalent)
• Demonstrated crypto experience (minimum 2 years)

3.3 KYC/AML Compliance

All presale participants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification:

• Government-issued photo ID (passport, driver's license)
• Proof of address (utility bill, bank statement)
• Selfie verification
• Source of funds declaration (for purchases above $10,000)

4. Token Sale Terms

4.1 Presale Structure

4.2 Purchase Process

1. Complete KYC/AML verification
2. Connect compatible Web3 wallet (MetaMask, Trust Wallet, Coinbase Wallet)
3. Specify purchase amount (minimum $100, maximum $10,000 per wallet)
4. Send payment to presale smart contract
5. Receive confirmation of purchase (blockchain transaction hash)
6. Claim tokens after TGE via claiming portal

4.3 No Refunds - Final Sale

5. Risks and Disclaimers

5.1 Financial Risks

• Loss of Value: $JY price may decline to zero; no guaranteed floor price
• No Liquidity Guarantee: We do not promise exchange listings or market liquidity
• Volatility: Token prices can fluctuate wildly based on market sentiment
• Platform Failure: If CoinDaily fails, tokens may become worthless
• No Revenue Guarantee: Platform revenue may not materialize; staking rewards may be lower than projected

5.2 Technical Risks

• Smart Contract Bugs: Despite audits, code vulnerabilities may exist
• Blockchain Risks: Network congestion, forks, or attacks may impact tokens
• Wallet Security: Loss of private keys results in permanent loss of tokens
• Hacking: Exchanges, wallets, or smart contracts may be hacked

5.3 Regulatory Risks

• Legal Uncertainty: Crypto regulations are evolving and vary by jurisdiction
• Classification Changes: Regulators may reclassify $JY as a security in the future
• Trading Restrictions: Governments may ban or restrict token trading
• Tax Implications: You are responsible for all taxes; consult a tax advisor

5.4 No Promises or Guarantees

6. Platform Use and Conduct

6.1 Prohibited Activities

You agree NOT to:

• Use Services for illegal activities (money laundering, terrorist financing, fraud)
• Impersonate others or provide false KYC information
• Manipulate token prices or engage in wash trading
• Reverse engineer, hack, or exploit platform vulnerabilities
• Use bots, scripts, or automated tools without permission
• Spam, harass, or abuse other users or staff
• Violate intellectual property rights
• Circumvent geographic restrictions using VPNs or proxies

6.2 Account Termination

We reserve the right to suspend or terminate accounts that violate these Terms, engage in fraud, or pose security risks. Terminated accounts forfeit access to platform features but retain token ownership (tokens remain in user wallets).

7. Intellectual Property

All content, trademarks, logos, and intellectual property on our platform are owned by Joy Token Foundation or licensed from third parties. You may NOT:

• Copy, modify, or redistribute platform content without written permission
• Use our trademarks or branding for commercial purposes
• Claim ownership of any platform materials
• Create derivative works based on our content

8. Disclaimers

9. Limitation of Liability

10. Indemnification

You agree to indemnify, defend, and hold harmless Joy Token Foundation, its affiliates, directors, employees, and agents from any claims, damages, liabilities, costs, or expenses (including legal fees) arising from:

• Your violation of these Terms
• Your use or misuse of Services or tokens
• Your violation of any laws or third-party rights
• False representations made during KYC or presale
• Tax liabilities arising from token ownership or transactions

11. Dispute Resolution and Arbitration

11.1 Informal Resolution

Before filing legal claims, you agree to contact us at legal@coindaily.online and attempt to resolve disputes informally for 60 days.

11.2 Binding Arbitration

If informal resolution fails, disputes shall be resolved through binding arbitrationunder the rules of [Arbitration Body - e.g., Singapore International Arbitration Centre] rather than in court. Arbitration will be conducted in English.

11.3 Class Action Waiver

YOU WAIVE THE RIGHT TO PARTICIPATE IN CLASS ACTIONS, CLASS ARBITRATIONS, OR REPRESENTATIVE ACTIONS.All disputes must be brought individually.

12. Governing Law and Jurisdiction

These Terms are governed by the laws of [Jurisdiction - to be determined based on incorporation location, e.g., Cayman Islands, Switzerland, etc.], without regard to conflict of law principles.

For disputes not subject to arbitration, you consent to the exclusive jurisdiction of courts in [Location].

13. Changes to Terms

We may update these Terms at any time. When we make material changes:

• We will update the "Last Updated" date
• We will notify users via email and prominent website notice
• Continued use after changes constitutes acceptance
• If you do not agree, discontinue use of Services

For presale participants, changes will not retroactively alter token purchase terms without consent.

14. Miscellaneous

14.1 Entire Agreement

These Terms, together with our Privacy Policy and any additional agreements, constitute the entire agreement between you and Joy Token Foundation.

14.2 Severability

If any provision is found invalid or unenforceable, the remaining provisions remain in effect.

14.3 No Waiver

Failure to enforce any right or provision does not constitute a waiver of that right.

14.4 Assignment

We may assign these Terms to affiliates or successors. You may not assign your rights without our consent.

15. Contact Information