TERMS AND CONDITIONS FOR MAINNET
PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY BEFORE
DOWNLOADING, INSTALLING, OR USING ANY NODE SOFTWARE OR OTHERWISE
PARTICIPATING IN THE MAINNET
BY CLICKING TO SIGNIFY ACCEPTANCE OR OTHERWISE DOWNLOADING, INSTALLING,
RUNNING, OR USING MAINNET OR NODE SOFTWARE OR OTHERWISE PARTICIPATING IN
THE AVAIL TESTNET PROGRAMME, YOU AGREE TO BE BOUND BY THESE TERMS
About this Terms. These Terms and Conditions for Mainnet (“Terms”) constitute a legally binding agreement between you (“you” or derivatives thereof) and Avail Technology Limited, incorporated under the Companies Law, DIFC Law No. 5 of 2018 with registered number 7545, (“us” or derivatives thereof) and all of its Network Companies (as defined below) and governs your participation in Mainnet. These Terms supersede and merge all prior oral and written agreements, discussions, and understandings between you and us with respect to its subject matter, and neither of the parties will be bound by any conditions, inducements, or representations other than as expressly provided for herein.
About Mainnet. The “Mainnet” is designed to enable and offer you access to the Avail Project, designated and operated by us, including and on the basis of an intercompany agreement underlying the use of necessary intellectual property rights owned within the Network Companies, the opportunity to operate a set of light clients or (full) validator nodes in accordance with the Avail Consensus mechanism and/or the Service Terms (if any). The Avail Project constitutes a nominated proof-of-stake blockchain, with the operation of Validator Nodes being compensated with AVAIL for producing blocks and running the protocol.
Electronic Signature and Disclosure Consent Notice. You agree to the use of electronic documents and records in connection with participation in the Mainnet—including without limitation this electronic signature and disclosure notice—and that this use satisfies any requirement to provide you these documents and their content in writing. If you do not agree, do not accept these Terms.
Changes to these Terms. We reserve the right to change these Terms from time to time in our sole discretion. If we make material changes to these Terms, we will provide notice of such changes, such as by posting the revised version of these Terms. By continuing to access or use or otherwise participate in the Mainnet after the posted effective date of modifications to these Terms, you agree to be bound by the revised version of these Terms. If you do not agree to the modified Terms, you must cease any form of participation in the Mainnet and we reserve the right to terminate your participation.
1. Definitions. Capitalised terms not otherwise defined in the body of these Terms have the following meanings:
a. "Ambassador Programme” ****means the programme designed to reward community members for promoting the Avail Project and expanding its user base through various activities such as social media engagement, event hosting, and content creation.
b. “AVAIL” means AVAIL cryptographic token.
c. “Avail Project” means the collective set of activities, technologies, and operations linked to the Avail chain. Further details of which can be found at https://www.availproject.org/.
d. “Consensus Mechanism” the mechanism comprising the enforcement of and the conditions under which the conduct on the Mainnet is kept in check including the punishment of negative behavioure. f. g. h. i. j. k. and, in connection thereto, potentially applicable resulting penalties.
“Developer Grants” means financial or token-based rewards provided by us to incentivize independent developers to contribute to the development of features or applications.