Terms of Service

1. Agreement to Terms

By accessing or using PRIV Protocol's website, browser extension, mobile application, smart contracts, or any related services (collectively, the "Services"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use our Services.

These Terms constitute a legally binding agreement between you and Priv Labs, Inc., a Delaware corporation ("Priv Labs," "PRIV Protocol," "we," "our," or "us"). Please read them carefully.

2. Eligibility

You must be at least 18 years old and have the legal capacity to enter into these Terms. By using our Services, you represent and warrant that you meet these requirements.

Our Services are not available to persons or entities located in, incorporated in, or residents of the following OFAC-sanctioned jurisdictions: Cuba, Iran, North Korea, Russia, Syria, Belarus, and Venezuela. By using our Services, you represent and warrant that you are not located in, incorporated in, or a resident of any such jurisdiction and are not on any U.S. or international sanctions list.

You are responsible for compliance with all applicable local laws regarding cryptocurrency and blockchain-based services in your jurisdiction.

3. Description of Services

PRIV Protocol provides a privacy-first data ownership platform that enables users to:

• Browse & Earn: Monetize anonymized browsing data through our browser extension and mobile app
• Upload & Earn: Upload and sell data contributions (photos, videos, voice recordings) for AI training
• Label & Earn: Complete AI labeling tasks for PRIV token rewards
• Stake & Earn: Stake PRIV tokens for additional rewards and quality assurance participation
• Govern: Participate in protocol governance through PRIV token voting

4. PRIV Tokens

4.1 Token Nature

PRIV is a utility token on the Base blockchain (Ethereum L2). Key token details:

• Total Supply: 100,000,000 PRIV initial supply (1,000,000,000 max supply via governed minting)
• Network: Base (Coinbase Layer 2)
• Standard: ERC-20 with ERC20Votes extension for governance

4.2 Token Utility

PRIV tokens are used for:

• Purchasing data on the DataXchange marketplace
• Rewarding users for data contributions and labeling tasks
• Staking for enhanced rewards and quality assurance
• Participating in protocol governance
• Accessing premium features and data insights

4.3 No Investment Advice

4.4 Earnings Not Guaranteed

Earnings from data sharing, labeling, and staking are variable and depend on market demand, data quality, and other factors. Estimated earnings are illustrative only and not guarantees. Past earnings do not predict future results.

4.5 Third-Party Services

Our Services may integrate with third-party services such as MoonPay for fiat-to-crypto transactions and Uniswap for token swaps. Your use of these services is subject to their respective terms and conditions. We are not responsible for third-party services.

5. Token Presale

5.1 Presale Structure

The PRIV token presale consists of ten (10) sequential stages with increasing prices. Each stage has a fixed token allocation. Once a stage sells out, the next stage activates automatically. Presale purchases may be made using ETH, USDC, or credit/debit card (via a third-party on-ramp provider).

5.2 Vesting Schedule

PRIV tokens purchased during the presale are subject to a vesting schedule: twenty percent (20%) of purchased tokens unlock at the Token Generation Event ("TGE"), and the remaining eighty percent (80%) vest linearly over six (6) months following the TGE. Vested tokens may be claimed through the presale smart contract.

5.3 Presale Risks

5.4 Card Payments

Card payments are processed by third-party providers (such as MoonPay) and are subject to their terms, fees, and identity verification requirements. We do not collect, store, or process credit card information. Card payment providers may charge additional fees beyond the token purchase price.

5.5 Purchase Limits

Individual purchases are subject to minimum ($10) and maximum ($50,000) limits per transaction. Per-wallet caps may apply at each presale stage. We reserve the right to modify purchase limits at our discretion.

6. User Responsibilities

You agree to:

• Provide accurate information when using our Services
• Maintain the security of your wallet and private keys
• Not use our Services for any illegal purpose
• Not attempt to manipulate, game, or exploit our reward systems
• Not upload content that infringes intellectual property rights
• Not submit fraudulent or misleading data contributions
• Not use bots, scripts, or automation to artificially inflate earnings
• Comply with all applicable laws and regulations

5.1 Wallet Security

You are solely responsible for maintaining the security and confidentiality of your wallet private keys or seed phrases. We do not have access to your private keys and cannot recover them if lost. Lost private keys may result in permanent loss of tokens.

7. Data Contributions

6.1 Your Data Rights

You retain ownership of your personal data. When you choose to share data through our Services, you grant us a license to anonymize, aggregate, and make it available on our marketplace in exchange for PRIV token compensation. You can revoke this license at any time by disabling data sharing.

6.2 Content You Upload

For photos, videos, voice recordings, and other content you upload:

• You represent that you own or have rights to upload the content
• You grant buyers the license type you select (unlimited, limited, or exclusive)
• You understand that exclusive licenses may transfer certain rights
• Content must not violate any laws or third-party rights
• Content must not contain illegal, harmful, or objectionable material

6.3 Labeling Tasks

When completing AI labeling tasks, you agree to provide accurate, honest work. Fraudulent or low-quality submissions may result in reduced rewards, loss of reputation level, or account suspension.

6.4 Data Quality Standards

We reserve the right to reject data contributions that do not meet our quality standards or violate our content policies. Rejected contributions will not earn rewards.

8. Intellectual Property

The PRIV Protocol brand, logo, website design, and proprietary software are owned by PRIV Protocol or its licensors. Our smart contracts are open source under the MIT license and can be reviewed on GitHub. You may not use our trademarks without written permission.

9. Prohibited Activities

You may not:

• Use the Services to launder money or finance terrorism
• Attempt to reverse engineer or extract source code from our proprietary software
• Interfere with or disrupt the Services or servers
• Circumvent any security measures or access restrictions
• Use the Services to transmit malware or harmful code
• Impersonate another person or entity
• Engage in market manipulation or wash trading of PRIV tokens
• Create multiple accounts to exploit referral or reward systems

10. Risks and Disclaimers

9.1 Blockchain Risks

Blockchain technology involves inherent risks including but not limited to:

• Smart contract vulnerabilities or bugs
• Network congestion and high gas fees
• Regulatory changes affecting cryptocurrency
• Wallet security and private key management
• Irreversibility of blockchain transactions
• Base network downtime or issues

9.2 No Warranties

11. Limitation of Liability

12. Indemnification

You agree to indemnify, defend, and hold harmless Priv Labs, Inc. and its affiliates, officers, directors, employees, agents, and licensors from any claims, damages, losses, liabilities, costs, or expenses (including reasonable attorneys' fees) arising from:

• Your use of the Services
• Your violation of these Terms
• Your violation of any third-party rights
• Content you upload or submit
• Your negligence or willful misconduct

13. Termination

We may suspend or terminate your access to the Services at any time for violation of these Terms, suspected fraud, or for any other reason at our reasonable discretion. You may stop using the Services at any time by disconnecting your wallet and uninstalling the extension.

Upon termination:

• You will retain any PRIV tokens already in your wallet
• Pending rewards may be forfeited if termination was due to Terms violation
• Your data collection will immediately stop
• You may request deletion of your data per our Privacy Policy

14. Dispute Resolution

14.1 Informal Resolution

Before filing any formal dispute, you agree to first contact us at legal@privlabs.io to attempt to resolve the dispute informally. We will attempt to resolve the dispute within 30 days.

14.2 Binding Arbitration

If informal resolution fails, any disputes arising from these Terms or your use of the Services shall be resolved through binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. The arbitration shall be conducted in English, with the seat of arbitration in Wilmington, Delaware.

14.3 Class Action Waiver

You waive any right to participate in a class action lawsuit or class-wide arbitration against Priv Labs, Inc.. All claims must be brought in your individual capacity.

14.4 Exceptions

Notwithstanding the above, either party may seek injunctive relief in any court of competent jurisdiction to prevent imminent harm or protect intellectual property rights.

15. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of Delaware, United States of America, without regard to conflict of law principles.

16. Changes to Terms

We reserve the right to modify these Terms at any time. For material changes, we will:

• Post the updated Terms on our website with a new effective date
• Notify you via email (if provided) or through the Services
• Provide at least 30 days notice before material changes take effect

Your continued use of the Services after the effective date constitutes acceptance of the modified Terms.

17. Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

18. Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and Priv Labs, Inc. regarding the Services and supersede all prior agreements, understandings, and communications.

19. Contact Us

If you have questions about these Terms, please contact us:

• Legal Inquiries: legal@privlabs.io
• General Support: support@privlabs.io
• Website: https://privlabs.io
• Twitter / X: @privlabs