Legal

Terms of Use

Last updated July 9, 2026

Drafting note. This draft intentionally uses bracketed placeholders such as [LEGAL ENTITY NAME], [GOVERNING LAW JURISDICTION], [SUPPORT EMAIL], and [REDEMPTION WINDOW]. Replace or delete all bracketed text before publication. Counsel should separately finalize launch-jurisdiction restrictions, contest official rules, privacy disclosures, sanctions/KYC controls, tax reporting language, and any custody/fulfillment partner terms.

These Terms of Use (the “Terms”) are a legally binding agreement between you and [LEGAL ENTITY NAME], together with its affiliates and service providers operating the Daffy platform (“Daffy,” “we,” “us,” or “our”). These Terms govern your access to and use of daffy.xyz, any mobile or desktop application, smart contract, API, marketplace, support channel, promotional program, or related service that links to or incorporates these Terms (collectively, the “Service”).

By visiting the Service, connecting a wallet or account, creating or entering a contest, purchasing entries or placing bids, claiming, transferring, or redeeming a prize asset or associated token, participating in rewards or promotions, or otherwise using the Service, you agree to these Terms and to any additional policies, Official Rules, or supplemental terms that apply to a particular feature or listing. If you do not agree, do not use the Service.

If you are using the Service on behalf of a company, fund, DAO, or other organization, you represent that you are authorized to bind that entity to these Terms, and “you” includes both you and that entity.

1.

Important Disclosures

Non-custodial wallet model.

Daffy does not hold your private keys or control your external wallet. Certain smart contracts used by the Service may, however, hold Prize Assets, Item Tokens, or other on-chain assets in escrow according to their code and the terms of the applicable listing.

Beta / early-access environment; supported networks may change.

Some or all features may be offered in beta, preview, limited release, or early access form, including on test networks before mainnet launch. Testnet assets, entries, rewards, points, balances, or statistics may have no market value, may be reset, and may not migrate to a production network unless Daffy expressly states otherwise. Features may be incomplete, unstable, changed without notice, or discontinued at any time.

Prize assets on Daffy may include ETH, ERC-20 tokens, NFTs, or other supported digital assets, and in some cases an NFT or other token may represent redemption rights, contractual claims, beneficial interests, or other off-chain rights relating to an underlying digital or physical asset. Holding a token does not automatically give you intellectual-property rights in underlying media or guarantee that token ownership alone constitutes legal title in every jurisdiction. For clarity, entries and packs are purchase or participation transactions only; they are not themselves NFTs, claim tickets, or separate redeemable assets unless Daffy expressly states otherwise for a specific feature.

Blockchain transactions are generally irreversible.

Entries, bids, purchases, transfers, and redemptions that occur on-chain may not be reversible. Gas fees, validator fees, bridge fees, and similar third-party charges are separate from Daffy fees and are ordinarily non-refundable.

No legal, tax, investment, brokerage, appraisal, or insurance advice.

Daffy is a software platform and service operator. We do not provide professional advice, and you are solely responsible for obtaining your own legal, tax, financial, compliance, and insurance guidance.

Void where prohibited.

The legality of contests, digital assets, tokenized real-world assets, auctions, and promotional mechanics varies by jurisdiction. You may not use the Service where participation is illegal or restricted, and Daffy may block or limit the Service by geography, asset class, or user profile.

Consumer rights savings clause.

Nothing in these Terms is intended to waive rights that cannot lawfully be waived under applicable consumer-protection or other mandatory law.

2.

Eligibility, Restricted Persons, and Compliance

To use the Service, you must be at least eighteen (18) years old, or the age of legal majority in your jurisdiction if higher, and capable of entering a binding contract.

You represent and warrant that you are not: (a) located in, ordinarily resident in, or organized in a jurisdiction embargoed or comprehensively sanctioned by the United States, United Kingdom, European Union, or other applicable authority; (b) listed on any sanctions, denied-party, or prohibited-person list; (c) acting on behalf of any such person; or (d) otherwise prohibited from using the Service under applicable law.

Daffy may require identity, age, residency, wallet-ownership, source-of-funds, tax, or sanctions-related verification before allowing account access, contest creation, participation, payout, or redemption. We may refuse access, suspend a contest, or deny payout or redemption if we cannot complete required checks to our satisfaction.

You are solely responsible for ensuring that your access to and use of the Service is lawful where you are located, resident, or organized. Daffy may use geolocation, IP intelligence, wallet screening, or similar controls to restrict access, but you may not use any VPN, proxy, TOR, location-spoofing tool, false identity information, or similar method to evade those controls. Any entry, bid, payout, redemption, or reward attempted in violation of this paragraph may be void.

You may not use multiple accounts, wallets, identities, devices, scripts, or other means to evade limits, obtain extra free entries or free bids, manipulate rankings, or otherwise circumvent the rules of the Service.

Certain contests may impose additional eligibility restrictions, such as region, age, rating, holding period, maximum participation, or excluded-person categories (for example, employees, affiliates, creators, or household members). Those restrictions are part of the applicable listing or Official Rules.

3.

Accounts, Wallets, and Electronic Communications

You are solely responsible for maintaining the security of your wallet, private keys, seed phrase, devices, login credentials, recovery methods, and any third-party accounts you use with the Service. Daffy cannot recover lost private keys or reverse transfers sent from or to the wrong address, wrong chain, or unsupported wallet.

You may only connect wallets, email addresses, login accounts, or other credentials that you own or are authorized to use. Any transaction request, wallet signature, click-through acceptance, or other electronic action initiated through your devices, session, linked credentials, or authentication methods will be treated as authorized by you unless and until you notify us otherwise and we have a reasonable opportunity to act.

You consent to receive these Terms, updates, disclosures, tax documents, support communications, and other notices electronically, including by website posting, in-app notice, wallet prompt, or email to the address associated with your account, if any.

Because the Service interacts with public blockchains, certain information—including wallet addresses, token transfers, timestamps, and contest participation—may be publicly visible and permanently recorded. You are responsible for understanding that public visibility before using the Service.

If you believe your wallet, account, or credentials have been compromised, or if you become aware of suspicious activity relating to a contest or redemption, you must notify Daffy promptly at [SUPPORT EMAIL].

4.

The Service and Smart-Contract Escrow

Daffy is a blockchain-based platform that currently facilitates raffle-style listings called “Daffys” and, where offered, sealed-pack series listings called “Rips,” together with related discovery, profile, collection, and moderation tools. Daffy may later support live auctions, direct sales, marketplace tools, airdrops, and related features; any such future or limited-release features may be governed by supplemental terms, Official Rules, or feature-specific disclosures.

For purposes of these Terms: a “Prize Asset” is the on-chain asset or bundle offered through a contest, which may be ETH, an ERC-20 token, an NFT, or another supported digital asset; where a token serves as the on-chain wrapper, evidence, or claim instrument for another digital or physical item, that token is an “Item Token” and the associated digital or physical item is the “Underlying Asset”; the “Creator” is the user who launches the applicable contest; and the “Reserve” is any creator-set revenue threshold, minimum-entry threshold, reserve price, or other condition that must be met before a contest may finalize or before a timed phase begins, as applicable.

When a Creator launches a contest, the Creator authorizes the transfer or deposit of the applicable Prize Asset and, where relevant, any associated Item Token into the designated smart contract or other escrow mechanism disclosed by the Service. That contract or mechanism may hold the Prize Asset, process entries or bids, collect or route settlement funds, and distribute the winning Prize Asset or other assets according to its code and the applicable listing terms.

The Service interface, metadata display, collections, profile histories, countdown clocks, leaderboards, and user dashboards are convenience tools only. Confirmed on-chain state and Daffy’s reasonable internal transaction records will ordinarily control over stale, incomplete, or delayed interface displays. Daffy may offer an off-chain commercial remedy where we choose or where required by law, but we may not be able to reverse, cancel, or unwind a completed blockchain transaction.

Except where Daffy is expressly identified as the creator, seller, or offeror for a specific listing, Daffy is not the creator or seller of user-listed Prize Assets or Underlying Assets and is not a party to the underlying user-to-user transfer or fulfillment of those assets, unless a supplemental custody, fulfillment, or marketplace term expressly says otherwise. Inclusion of a listing in a collection, featured placement, leaderboard, or other promotional surface does not constitute an endorsement or guarantee of authenticity, legality, or quality.

5.

Contest Listings, Official Rules, and Listing-Level Terms

Each contest listing may include additional terms specific to that listing, including the prize-asset type, any associated Underlying Asset description, supported network, duration, reserve or minimum-entry threshold, ticket or bid price, permitted payment currency, prize structure (including winner-takes-all or split payout where supported), geographic restrictions, start and end conditions, timer behavior, bid increments, shipping regions, redemption procedures, claim deadlines, taxes, storage fees, and any no-charge method of participation.

Daffy or a Creator may publish contest-specific “Official Rules,” promotional rules, creator terms, brand partner terms, or custody and redemption terms. Those materials are incorporated into these Terms by reference. If there is a conflict between these Terms and an applicable listing-specific rule, the listing-specific rule will control for that contest to the extent of the conflict.

Unless Daffy states otherwise for a particular jurisdiction or feature, each eligible Daffy will offer at least one no-charge method of participation, and where Rips are offered, an eligible Rips series may also offer one or more no-charge pack or participation methods, in each case as described in the applicable listing or Official Rules. The applicable listing or Official Rules will describe the exact procedure, timing windows, verification steps, residency limits, one-per-person rules, and anti-fraud controls. Daffy may void no-charge participation obtained through bots, multiple accounts, bulk submissions, false information, or any other abuse.

Participant lists, wallet addresses, entry counts, bid counts, timestamps, and similar contest activity may be displayed on the listing page and/or be visible through the relevant smart contract or public blockchain explorer.

Daffy may correct errors, pause or remove a listing, extend or restart a contest, disqualify participants, or cancel a contest if we believe there has been fraud, manipulation, technical malfunction, legal risk, inaccurate listing information, creator non-performance, or any other integrity or compliance concern.

Where a listing displays a participant cap, entry cap, bid cap, end time, draw trigger, or similar operational threshold, those values are estimates tied to blockchain processing and interface timing. Daffy may close or alter controls in the user interface, extend or amend a contest time, or delay finalization to preserve integrity, and any additional entry or bid validly recorded before the applicable draw or finalization logic executes may still count.

6.

Daffy Raffles

A Daffy is a raffle-style contest in which a Creator deposits or escrows one or more Prize Assets, sets a Reserve and other listing terms, and eligible users acquire one or more entries by submitting on-chain purchase transactions or other permitted entry actions for a chance to receive the applicable Prize Asset if the contest runs to completion. An entry is a recorded participation right only and is not itself an NFT or separate prize asset.

Unless a listing or Official Rules states otherwise, each valid entry in a Daffy has equal weight in the random draw regardless of whether it was obtained through payment or through a valid no-charge method made available for that contest.

The Service may use an on-chain or verifiable randomness and automation mechanism, including Chainlink VRF, Chainlink Automation, or a comparable provider, to request randomness, determine the winning entry, trigger or assist finalization after expiration, and help preserve fairness. Even where a verifiable randomness system is used, Daffy does not guarantee that any oracle, node, RPC endpoint, bridge, automation provider, or chain will be error-free or continuously available.

A Daffy will only finalize if the applicable Reserve, minimum-entry condition, duration, and any other launch conditions specified in the listing are satisfied. If the Reserve is not met, or if the contest is canceled, paused, or voided, the handling of paid entries, credits, refunds, extensions, or return of the Prize Asset will be as disclosed in the listing, Official Rules, refund policy, or smart contract logic. Gas and other network costs remain your responsibility unless Daffy expressly agrees otherwise.

Once an entry is accepted and recorded for a Daffy, that entry is final and generally non-refundable, except where a contest is canceled or voided, applicable law requires otherwise, or the applicable listing or Official Rules expressly provide a credit or refund. If the listing or Official Rules requires a participant to claim a cancellation refund or credit, the claim must be made within the stated period.

Selection of a winner is subject to verification of eligibility, compliance, and listing conditions. A participant is not a winner until Daffy or the applicable smart contract has finalized the result and any required verification is complete. The winner may also need to invoke a claim function, sign additional messages, or complete off-chain redemption or compliance steps before delivery or release of the Prize Asset is completed.

Creators, their household members, affiliates, collaborators, moderators, agents, or any person acting in concert with them may not enter or influence their own Daffy unless the listing expressly permits it, all required disclosures are made, and such conduct is lawful in the applicable jurisdiction.

7.

Rips (Sealed Pack Series)

Where Daffy offers Rips, a Rips “Series” is a sealed-pack contest in which a Creator loads and escrows one or more Prize Assets into a fixed set of numbered “Slots,” then seals the Series so that eligible users can purchase sealed “Packs.” Ripping a Pack reveals and assigns the Prize Asset of a Slot to the holder, determined by a verifiable randomness mechanism. Unless a feature-specific rule expressly says otherwise, a Pack is a purchase and participation right only and is not itself an NFT, claim ticket, or separate redeemable asset.

Before Packs can be purchased, a Creator must fund each Slot with the applicable Prize Asset and seal the Series. The listing will display or describe the number of Slots and Packs, the Pack price, the Prize Asset in each Slot, any platform fee, supported network, and any buyback, floor price, or reserve terms. Slot contents and randomness commitments may be recorded on-chain, and Packs may sell out.

The Service may use an on-chain or verifiable randomness and automation mechanism, including Chainlink VRF, Chainlink Automation, or a comparable provider, to assign revealed Slots, draw any winner Slot, and help preserve fairness. Even where a verifiable randomness system is used, Daffy does not guarantee that any oracle, node, RPC endpoint, bridge, automation provider, or chain will be error-free or continuously available, and reveal ordering may be affected by network conditions.

Where a listing offers a no-charge Pack or entry method, a valid no-charge participation has the same effect on the Series as a paid Pack of the same type, but it has no cash value and is subject to the listing rules, one-per-person limits, and anti-abuse controls.

A Pack purchase or rip counts only when it is accepted and recorded by the applicable Daffy system or smart contract. Network latency, chain congestion, wallet delays, browser issues, gas spikes, mempool behavior, and service interruptions may prevent, delay, or reorder transactions. Daffy does not guarantee that a Pack purchase or rip will be received or recorded at a desired time.

Where a Series supports a buyback, the holder of a revealed Prize Asset may be able to return that asset to the Series in exchange for a disclosed floor price or credit, subject to the applicable listing terms, approvals, and smart-contract logic. Buyback availability, pricing, and windows are set per Series and may not be offered for every Slot or asset type.

Purchased Packs, spent Pack fees, and ripped or revealed results are final and non-refundable except where required by law or expressly stated in applicable rules. If a Series ends prematurely, fails to seal, or experiences a severe technical, integrity, or fairness issue, Daffy may reschedule, void, restart, or otherwise remediate the event, including returning affected Packs or credits where Daffy chooses or where required by law.

The applicable listing or Official Rules will describe what happens to unsold Packs, unrevealed Slots, any remaining escrowed reserve, and how a Creator may withdraw any remaining reserve if a Series does not fully sell or is canceled.

8.

Creating a Contest; Creator Representations and Warranties

By launching a contest, you represent, warrant, and covenant that: (a) you own or validly control the Prize Asset and any associated Underlying Asset, free of undisclosed liens or conflicting claims; (b) you have all rights necessary to transfer, escrow, list, market, and, if applicable, redeem or cause delivery of the Prize Asset and any associated Underlying Asset; (c) your listing is accurate, complete, and not misleading, including with respect to authenticity, condition, provenance, metadata, chain, restrictions, and any associated real-world rights; (d) the Prize Asset and any associated Underlying Asset are lawful and do not infringe any third-party rights; and (e) you will comply with these Terms, all applicable laws, and any Daffy listing policies or supplemental terms.

Unless Daffy expressly permits otherwise, you may not simultaneously offer, sell, or encumber the same Prize Asset or associated Underlying Asset outside the Service while the corresponding contest is active. You must keep the applicable asset available and able to be delivered, released, or redeemed if a winner is determined.

You are responsible for providing any documents Daffy requests, including proof of ownership or control, purchase records, token contract details, photos, videos, title documents, grading reports, certificates, export permissions, tax information, proof of wallet control, and identity verification materials.

If the Underlying Asset is a physical item, risk of loss remains with you until the designated custodian, vault, verification provider, or approved shipping partner confirms receipt, unless a supplemental term expressly says otherwise.

You remain responsible for taxes, legal compliance, item-specific support, and fulfillment obligations relating to your listing unless Daffy expressly agrees in writing to assume a particular role. Daffy may deduct, offset, or recover from your proceeds any refunds, chargebacks, reimbursements, storage costs, or other amounts that Daffy incurs because of your misrepresentation, non-performance, or violation of these Terms.

9.

Prohibited Assets and Listing Restrictions

Without limiting Daffy’s discretion, you may not list or tokenize any asset that Daffy considers unlawful, unsafe, high risk, deceptive, or unsuitable for the Service. Prohibited or restricted assets may include:

  • stolen, counterfeit, forged, infringing, or otherwise unlawfully obtained goods or rights;
  • controlled substances, drug paraphernalia, illegal chemicals, or other prohibited contraband;
  • firearms, ammunition, explosives, weapon components, or other dangerous items, except to the extent Daffy expressly supports a category and all laws are satisfied;
  • hazardous, perishable, recalled, or unsafe goods;
  • animals, human remains, body parts, biologically sensitive material, or exploitative content;
  • securities, derivatives, investment contracts, insurance products, loans, money-transmission products, or other regulated financial instruments, unless Daffy expressly supports them in writing;
  • concert tickets, memberships, software licenses, or similar rights that cannot lawfully or contractually be transferred to a winner;
  • vehicles, watercraft, aircraft, titled property, or regulated assets unless Daffy expressly approves the category and all title-transfer requirements are satisfied;
  • goods subject to export controls, sanctions, or jurisdiction-specific transfer restrictions that cannot be lawfully fulfilled; and
  • unsupported chains, unsupported token standards, token contracts or currencies not approved by Daffy, or any item or token that violates a third-party platform’s terms, a rights holder’s restrictions, or Daffy’s then-current listing guidelines.

Daffy may remove, refuse, suspend, or require additional review of any listing at any time, even if the asset category is not specifically listed above.

10.

Physical Asset Custody, Vaulting, Verification, and Shipping

Some Prize Assets listed on the Service may correspond to physical assets that are stored, authenticated, graded, or shipped by the Creator, Daffy, or one or more third-party custody, logistics, or verification partners.

Where Daffy requires vaulting or pre-verification, the Creator must deliver the physical asset to the designated facility or service provider in the manner and time requested. Failure to do so may result in listing suspension, cancellation, refund, clawback, or other corrective action.

If Daffy or a third party offers inspection, authentication, grading, appraisal, title review, or similar services, those services are performed on a commercially reasonable basis and do not guarantee authenticity, condition, legality, merchantability, or future value. Daffy may rely on third-party findings and is not responsible for disagreements with those findings, except as required by law.

Where an Item Token or other Prize Asset corresponds to a physical asset held in custody, ownership of that token or Prize Asset is intended to evidence the current holder’s contractual right to redeem, direct shipment of, or otherwise control the associated asset under the applicable listing and custody terms. Daffy does not represent that token ownership alone constitutes legal title to the physical item under every jurisdiction’s property law.

The current holder of a tokenized physical asset may be responsible for storage fees, insurance charges, shipping and handling costs, customs, duties, taxes, verification fees, and other charges described in the applicable listing or supplemental terms. Those charges may accrue over time and may be required before redemption, shipment, or relisting.

Redemption of a physical asset may require identity verification, proof of address, proof of wallet ownership, sanctions screening, age verification, export or import compliance, signature on delivery, tax forms, and other reasonable procedures. Daffy may delay or deny redemption until those requirements are satisfied.

Upon redemption, the associated Item Token or other redemption-enabled Prize Asset may be burned or permanently marked as redeemed. Once that occurs, the token should no longer be expected to function as a tradable claim ticket for the underlying asset.

If no claim deadline is specified in the listing or supplemental terms, Daffy may require redemption or other action within [REDEMPTION WINDOW] after notice or may continue storage subject to fees. Abandoned, unclaimed, or non-compliant assets may be handled as described in the applicable custody terms and subject to applicable law.

Shipping loss, damage, carrier delay, customs hold, seizure, refusal, or address error may affect fulfillment. To the fullest extent permitted by law, Daffy’s responsibility for these matters, if any, is limited to the obligations expressly undertaken in the applicable shipping, custody, or verification terms.

11.

Digital Asset Delivery and Redemption

Some Prize Assets are purely digital, including ETH, ERC-20 tokens, NFTs, digital collectibles, event-access rights, wallet-linked perks, codes, and similar digital property. The applicable listing will identify the supported chain, token standard, or delivery mechanism.

You are responsible for maintaining a compatible wallet or other destination account and for following all claim, signature, or account-linking steps required for delivery. Daffy is not responsible for transfers to incorrect addresses, unsupported chains, custodial exchanges that do not support a token, lost keys, expired claim windows, or third-party platform refusals to honor a transfer.

If a listing involves wrapped, bridged, escrowed, staked, synthetic, or otherwise tokenized representations of digital assets, you accept the additional risks associated with those structures, including smart contract, counterparty, depegging, bridge, and settlement risk.

Where a digital asset has been fully delivered or a digital right has been fully exercised, any corresponding redemption token or similar claim token may be burned or marked as redeemed, and your right to further transfer or relist that token may end.

12.

Marketplace, Secondary Sales, and Re-Use of Prize Assets

Unless a listing, smart contract, or supplemental term expressly restricts it, the current holder of a transferable, unredeemed Prize Asset or Item Token may choose not to redeem any associated Underlying Asset and may instead continue to hold the applicable asset, transfer it, relist it, or use it in a new eligible Daffy or other supported contest through the Service, subject to Daffy’s then-current technical support and listing rules.

Daffy may also support a native marketplace, creator storefront, or reduced-fee resale tool. Separate marketplace, payout, or seller terms may apply to any such feature.

Any subsequent holder of a Prize Asset or Item Token assumes the then-applicable obligations associated with that asset and any associated Underlying Asset, including storage fees, redemption procedures, taxes, compatibility requirements, royalties, transfer restrictions, and supplemental custody terms.

Daffy does not control third-party marketplaces, including their payment flows, fee structures, delisting decisions, security practices, royalty enforcement, or dispute procedures. Transfers or listings on third-party marketplaces are at your own risk.

Daffy may require that a transfer occur through a supported contract, recognized chain, or compatible token standard in order for the Service to recognize the current holder for purposes of relisting, payout, or redemption.

13.

Fees, Payments, Gas Fees, Taxes, and Payouts

You agree to pay all amounts displayed, quoted, or approved at the time of a transaction, including on-chain entry purchases, pack purchases, final purchase prices, platform fees, storage charges, shipping and handling, duties, taxes, and other disclosed amounts.

Gas fees, validator fees, bridge fees, currency-conversion charges, banking charges, and other third-party transaction costs are separate from Daffy fees and are generally outside Daffy’s control. Daffy is not responsible for losses caused by fee spikes, failed transactions, or third-party processing errors.

Except where required by law or expressly stated in a listing, Official Rules, refund policy, or supplemental terms, purchases of entries, bids, credits, digital assets, and related services are final and non-refundable. Initiating an improper chargeback or payment dispute may result in suspension, collection activity, setoff, or loss of access.

Creators authorize Daffy and the applicable smart contract or payment provider to deduct or route Daffy fees, refunds, penalties, chargebacks, reimbursements, taxes, storage charges, shipping charges, and other amounts owed before settling proceeds to the Creator.

You are responsible for supplying accurate payout wallet details, tax forms, and settlement information. Daffy has no liability for failed, delayed, or misdirected payouts caused by inaccurate or unsupported information provided by you.

Where Daffy or its service provider facilitates off-chain or fiat settlement, you authorize Daffy to act as a limited payment collection agent solely for the disclosed transaction flow and only to the extent described by the Service or applicable supplemental terms.

You are solely responsible for determining, reporting, withholding, and paying any taxes arising from your use of the Service, including taxes associated with contest entries, bids, prizes, redemptions, sales, transfers, storage, and shipping. Daffy may report, withhold, or require taxpayer documentation where required by law.

14.

Rewards, Airdrops, Credits, and Promotional Features

Daffy may offer rewards, points, credits, leaderboard status, referral benefits, free entries, free packs, ecosystem tokens, or airdrops, including $DAF or similar incentives if and when supported.

Unless expressly stated otherwise, promotional rewards have no cash value, are non-transferable, are not redeemable for fiat or crypto, and may be modified, capped, suspended, clawed back, or discontinued at any time.

Eligibility for rewards or promotions may depend on residency, contest type, account standing, human verification, KYC/AML review, wallet history, or other criteria published by Daffy.

Daffy may void, reverse, or withhold any reward, free entry, free bid, or airdrop that Daffy reasonably believes was obtained through abuse, bots, multiple accounts, wash activity, collusion, exploit use, self-referrals, or error.

15.

Future Features and Supplemental Terms

Daffy may later offer features such as live-streamed auctions, chat, creator storefronts, direct sales, instant-win experiences, verification services, escrow programs, loyalty tiers, partner campaigns, or other services not available at launch or not yet generally available.

Any future feature may be subject to additional terms, community guidelines, creator standards, moderation rules, seller policies, payout rules, consumer disclosures, or partner requirements. Those supplemental terms will be binding if you choose to use the applicable feature.

If Daffy later enables live auctions or other real-time selling formats, the applicable seller or creator may be allowed to set the starting price, reserve, increments, withdrawal conditions, purchase conditions, and other conditions of sale for that event, subject to Daffy’s rules and applicable law. Daffy may cancel or unwind such a transaction if it reasonably believes a bid was submitted in error, resulted from a technical malfunction, or violated platform rules, seller policies, Official Rules, or applicable law.

If you use future live or media-enabled features, Daffy may archive, replay, moderate, remove, or restrict content in accordance with those supplemental terms and applicable law.

16.

Prohibited Conduct

You may not, and may not encourage or assist any other person to:

  • use the Service in violation of applicable law, sanctions, export controls, consumer rules, contest rules, or third-party rights;
  • provide false, misleading, incomplete, or fraudulent identity information, listing information, provenance records, or payment information;
  • manipulate or attempt to manipulate odds, drawings, reserves, prices, rankings, timer behavior, bidding outcomes, payout flows, or redemption rights;
  • use bots, scripts, crawlers, scrapers, auto-bidders, click farms, emulators, or other automation except to the extent a specific automation tool is expressly provided or authorized by Daffy;
  • create or control multiple accounts or wallets in order to obtain additional free entries, free bids, rewards, or any unfair advantage;
  • engage in shill bidding, self-bidding, self-entry, wash trading, collusion, side deals, fee circumvention, or off-platform settlement intended to evade Daffy’s fees or rules;
  • interfere with, exploit, probe, reverse engineer, or otherwise compromise the Service, its smart contracts, nodes, APIs, timing logic, security controls, or related infrastructure;
  • upload or transmit malware, spam, phishing links, harmful code, or content that is defamatory, abusive, harassing, deceptive, or invasive of privacy;
  • list or tokenize prohibited assets or assets you do not own or control; or
  • use the Service in connection with money laundering, terrorist financing, stolen funds, stolen credentials, sanctions evasion, or any other unlawful financial activity.

Daffy may investigate suspected misconduct and may take any action permitted by these Terms, applicable law, or the relevant smart contract or payment flow, including disqualification, suspension, cancellation, payout withholding, referral to law enforcement, or permanent blocking of wallets or accounts.

17.

Intellectual Property, User Content, and Publicity

The Service, including its software, interfaces, text, graphics, logos, designs, selection and arrangement, trademarks, and other content (excluding your User Content), is owned by Daffy or its licensors and is protected by intellectual-property and other laws. Subject to these Terms, Daffy grants you a limited, revocable, non-exclusive, non-transferable license to access and use the Service for its intended purpose.

As between you and Daffy, you retain ownership of the text, images, video, audio, metadata, listing descriptions, social handles, and other content you submit to the Service (“User Content”). You grant Daffy a worldwide, non-exclusive, royalty-free, transferable, sublicensable license to host, use, reproduce, adapt, display, distribute, publish, and otherwise exploit your User Content as reasonably necessary to operate, secure, improve, verify, market, and support the Service and related contests.

You represent and warrant that you own or control all rights needed to grant the foregoing license and that your User Content does not violate any law or third-party right.

Because the Service uses public blockchains and public-facing listings, contest participation and outcomes may be publicly visible. Daffy may identify creators, participants, or winners by public username, verified profile, truncated wallet address, ENS or similar name, or other public identifier for operational, transparency, support, or marketing purposes, subject to applicable law.

If Daffy later offers live-stream or recorded creator features, you agree that Daffy may record, archive, replay, clip, transcribe, moderate, and distribute that content in connection with the Service, subject to any supplemental creator-media terms.

If you provide feedback, suggestions, or ideas about the Service, Daffy may use them without restriction or compensation to you.

Notices of claimed infringement may be sent to [LEGAL NOTICE / DMCA CONTACT].

18.

Third-Party Services

The Service may rely on third-party wallets, authentication providers, blockchains, nodes, RPC providers, randomness oracles, automation providers, bridges, payment processors, identity providers, custody partners, shipping carriers, grading or authentication providers, analytics tools, social platforms, and marketplaces. Your use of those services may be subject to separate terms and privacy policies.

Daffy does not own or control third-party services and, to the fullest extent permitted by law, is not responsible for their acts, omissions, downtime, fees, security incidents, insolvency, or policy changes. Links or integrations do not imply endorsement.

You are solely responsible for understanding the terms, fees, compatibility rules, and risks of any third-party service you use in connection with Daffy.

19.

Compliance Reviews, KYC/AML, Suspension, and Termination

Daffy may review any account, wallet, contest, listing, payout, redemption request, or transaction for legal, policy, fraud, integrity, sanctions, security, or reputational reasons.

Without limiting our other rights, Daffy may request additional information, delay a payout or redemption, freeze or pause a contest, remove a listing, return, release, or redirect a Prize Asset or Item Token as allowed by the applicable smart contract or supplemental terms, cancel a transaction, revoke rewards, withhold proceeds, block a wallet, terminate access, or take any other action we reasonably believe is necessary to protect the Service, users, partners, or compliance posture.

If you fail to provide requested information, fail a compliance review, or are involved in suspected fraud, misrepresentation, manipulation, sanctions exposure, unlawful activity, or material breach of these Terms, Daffy may suspend or terminate your access immediately, subject to applicable law.

Termination or suspension does not affect obligations that by their nature should survive, including payment obligations, tax obligations, dispute-resolution provisions, ownership provisions, risk disclosures, disclaimers, limitations of liability, and indemnification obligations.

20.

Assumption of Risk

You acknowledge and accept that the Service involves substantial risk, including the risk of losing money, digital assets, access rights, or the ability to redeem a physical or digital asset.

Risks include, without limitation: smart contract bugs; oracle failures; automation failures; chain reorganizations; validator or bridge failures; MEV, front-running, and mempool effects; wallet compromise; gas-price volatility; unsupported token standards; unsupported chains; network congestion; testnet resets; mainnet migration issues; contract upgrades or migrations; forks; depegging of wrapped assets; phishing; service outages; pricing errors; sanctions or legal changes; customs restrictions; title disputes; grading disagreements; storage loss or damage; and shipping delays, damage, or non-delivery.

You are solely responsible for evaluating the authenticity, condition, legality, value, transferability, and tax consequences of any Prize Asset, Underlying Asset, or Item Token, and for determining whether your participation in a contest is lawful where you are located.

No information provided by Daffy should be construed as legal advice, tax advice, investment advice, appraisal, authentication guarantee, or a recommendation to buy, sell, hold, create, or redeem any asset.

21.

Disclaimers

TO THE FULLEST EXTENT PERMITTED BY LAW, THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE.

DAFFY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, QUIET ENJOYMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE.

DAFFY DOES NOT WARRANT THAT THE SERVICE, ANY CONTEST, ANY SMART CONTRACT, ANY TIMER, ANY DRAWING MECHANISM, ANY LISTING, OR ANY REDEMPTION FLOW WILL BE UNINTERRUPTED, SECURE, ERROR-FREE, ACCURATE, TIMELY, OR AVAILABLE AT ANY PARTICULAR TIME.

EXCEPT AS EXPRESSLY STATED IN APPLICABLE SUPPLEMENTAL TERMS, DAFFY DOES NOT GUARANTEE THE AUTHENTICITY, CONDITION, SAFETY, LEGALITY, VALUE, TRANSFERABILITY, OR DELIVERABILITY OF ANY USER-LISTED CONTEST ASSET, AND DOES NOT GUARANTEE THAT ANY CREATOR, BUYER, BIDDER, WINNER, CUSTODIAN, OR THIRD PARTY WILL PERFORM AS EXPECTED.

EXCEPT WHERE DAFFY IS EXPRESSLY IDENTIFIED AS THE OFFEROR, SELLER, OR CUSTODIAN FOR A SPECIFIC FEATURE, DAFFY IS NOT YOUR BROKER, FIDUCIARY, APPRAISER, INSURER, COMMON CARRIER, OR LEGAL REPRESENTATIVE.

SOME JURISDICTIONS DO NOT ALLOW CERTAIN DISCLAIMERS OR LIMITATIONS. IN THOSE JURISDICTIONS, THE FOREGOING DISCLAIMERS APPLY ONLY TO THE EXTENT PERMITTED BY LAW.

22.

Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT WILL DAFFY OR ITS AFFILIATES, LICENSORS, SERVICE PROVIDERS, OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, OR AGENTS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, BUSINESS, OPPORTUNITY, GOODWILL, DATA, CRYPTOASSETS, TOKEN VALUE, OR EXPECTED SAVINGS, ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TO THE FULLEST EXTENT PERMITTED BY LAW, THE AGGREGATE LIABILITY OF DAFFY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE WILL NOT EXCEED THE GREATER OF: (A) US$100; OR (B) THE TOTAL AMOUNT OF FEES RETAINED BY DAFFY FROM YOU OR FROM THE SPECIFIC TRANSACTION THAT GAVE RISE TO THE CLAIM DURING THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

THE LIMITATIONS IN THIS SECTION APPLY REGARDLESS OF THE FORM OF ACTION AND EVEN IF ANY LIMITED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

Nothing in these Terms limits liability to the extent such liability cannot be limited under applicable law, including, where applicable, liability for fraud, wilful misconduct, gross negligence, or death or personal injury caused by negligence.

23.

Indemnification

You agree to defend, indemnify, and hold harmless Daffy and its affiliates, licensors, service providers, officers, directors, employees, contractors, and agents from and against any and all claims, liabilities, damages, losses, judgments, awards, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to: (a) your access to or use of the Service; (b) your contests, listings, assets, bids, entries, redemptions, transfers, or payouts; (c) your User Content; (d) your breach of these Terms or any supplemental term or Official Rules; (e) your violation of any law or third-party right; or (f) any dispute between you and another user, creator, winner, buyer, bidder, custodian, or third-party provider.

Daffy reserves the right, at your expense, to assume the exclusive defense and control of any matter subject to indemnification by you, and you agree to cooperate with Daffy’s defense of such claims.

24.

Dispute Resolution; Arbitration; Class Action Waiver

Please read this section carefully. Subject to applicable law, before either party files a claim in court or initiates arbitration, that party must first send a written notice of dispute to the other party at [NOTICE EMAIL / ADDRESS] describing the dispute in reasonable detail and the relief requested. Before sending a formal notice, you are encouraged to contact support at [SUPPORT EMAIL]; to help Daffy investigate a contest or transaction complaint, your notice or support request should include, where available, your username, connected wallet address, contest or transaction ID, and the approximate date and time of the issue. The parties will attempt in good faith to resolve the dispute informally for at least thirty (30) days after receipt of the notice.

If a dispute is not resolved informally, then—except for claims that may properly be brought in small-claims court and except where prohibited by applicable law—the dispute will be resolved by binding individual arbitration administered by [ARBITRATION PROVIDER] under its applicable rules. The seat or legal place of arbitration will be [ARBITRATION SEAT], unless the applicable rules or mandatory law require a different location.

To the fullest extent permitted by law, you and Daffy each waive any right to a jury trial and any right to participate in a class action, class arbitration, mass action, representative action, or private-attorney-general action. The arbitrator may award relief only in favor of the individual party seeking relief and only to the extent necessary to resolve that party’s individual claim.

If Daffy elects to provide an arbitration opt-out before launch, you may opt out of this arbitration agreement by following the instructions posted on the Service or by sending a signed opt-out notice to [ARBITRATION OPT-OUT CONTACT] within thirty (30) days after you first accept these Terms.

If the arbitration agreement is found unenforceable as to a particular dispute, then the parties agree that such dispute will be heard exclusively in the courts specified in Section 25, unless applicable law requires otherwise.

To the extent permitted by law, any claim arising out of or related to the Service must be filed within one (1) year after the claim arose, or it will be permanently barred.

25.

Governing Law

These Terms, and any dispute not subject to arbitration, are governed by the laws of [GOVERNING LAW JURISDICTION], without regard to conflict-of-law principles, except to the extent superseded by mandatory law.

If a dispute is not subject to arbitration, the parties submit to the exclusive jurisdiction of the state, provincial, or national courts located in [COURT VENUE], unless applicable law requires otherwise.

Nothing in these Terms is intended to deprive you of any non-waivable rights or mandatory protections available under the law of the jurisdiction in which you reside.

26.

Changes to the Terms

Daffy may modify these Terms from time to time. When we do, we may update the “Last updated” date above and may provide additional notice by posting on the Service, by email, or through another reasonable method.

Unless applicable law requires a different effective date, revised Terms become effective when posted. By continuing to access or use the Service after revised Terms become effective, you agree to the revised Terms. If you do not agree, you must stop using the Service.

27.

General Terms

These Terms, together with any applicable Official Rules, supplemental terms, refund or reward policies, and the Privacy Policy located at [PRIVACY POLICY URL], constitute the entire agreement between you and Daffy regarding the Service and supersede prior or contemporaneous understandings relating to the same subject matter.

If any provision of these Terms is held to be invalid or unenforceable, that provision will be enforced to the maximum extent permitted and the remaining provisions will remain in full force and effect.

Daffy’s failure to enforce any provision of these Terms is not a waiver of its right to do so later. You may not assign or transfer these Terms or any of your rights or obligations under them without Daffy’s prior written consent. Daffy may assign these Terms in connection with a merger, acquisition, financing, restructuring, sale of assets, or by operation of law.

Daffy will not be liable for delays or failures caused by events beyond its reasonable control, including acts of God, war, terrorism, civil unrest, pandemics, labor disputes, internet or blockchain outages, service-provider failures, supply shortages, or governmental action.

Headings are for convenience only and do not affect interpretation. If these Terms are translated, the English-language version will control unless mandatory law requires otherwise.

28.

Contact Information

For support, legal notices, or questions about these Terms, contact:

[LEGAL ENTITY NAME]

[MAILING ADDRESS]

Support: [SUPPORT EMAIL]

Legal / notices: [LEGAL NOTICE EMAIL]

Privacy: [PRIVACY EMAIL]