Terms and Conditions

 

Welcome!

Welcome to 24karat NFT Marketplace and 24karat ZAP (The “Services”).

The Services are owned and operated by 24karat Co. Ltd. (The “Company”) and allows you to acquire/manage/exchange Brand tokens as a digital wallet and to exchange with NFT digital rewards based on FLOW blockchain. The Services are available in web and mobile application services O&O by the Company, or/and web, web and mobile application O&O by 3rd parties. 

The Services are for 1. “Brand”, who registers and publishes their own brand tokens to their customers, 2. “Creator”, creates and registers their digital reward like arts and music as NFT (Non-Fungible-Token) with blockchain technology, 3. “User”, who uses the wallet and exchanges owned brand tokens with digital reward. 

 

These terms and conditions are very important and affect your legal rights so please read carefully. You are not allowed to use the Services unless you agree with our terms and conditions. 

 

Privacy policy

Please refer to our Privacy Policy for information about how we collect, use and share personal information about you.

 

Terms for User

  1. User means individuals who create accounts of the Services with either an email address or mobile number, own brand tokens published by Brand, exchange between users or with brands in the range allowed by Brands, and exchange it with digital reward created by Creator.

  2. User is required to set up a technical environment like downloading web browsers or applications supported by the Company to start using the Services. 

  3. User allows The Company to create and manage a wallet of flow blockchain by the account creation on behalf of the User. In this process, User promises

    1. to provide accurate, current and complete account information about yourself, and to maintain and promptly update as necessary your account information

    2. not to own multiple accounts

    3. to maintain at all times adequate security and control of all of your account details, passwords, personal identification numbers or any other codes that you use to access the Services

    4. not to sell/give your account or/and to buy other accounts

    5. to immediately notify us if you discover or otherwise suspect any security breaches related to the Service, or your Account.

  4. When User takes any actions around brand tokens such as exchange, buy, sell, swap, and send, the Company executes smart contracts and calculates balance of tokens and/or  ownerships of digital reward of wallets of the User. 

  5. NFT ownerships does not directly imply property rights like copyright and trademark User owns as native rights. User is allowed to share digital rewards across blogs and social media for the sake of introduction to friends or families but is not allowed any commercial usages such as copying, selling derivative rights in the absence of additional agreements with the Creator.

 

Terms for Creator

  1. Creator means individuals or companies who provide information like name, email, mobile, address, bank account after verification by the Company, and register any digital contents that they own or have agreement from the original creators. 

  2. Creator expressly represents and warrants that their contents are original creation.  Creator is prohibited from registration consisting of unlicensed or unauthorized copyrighted content, including any imagery, design, audio, video, human likeness, or other unoriginal content not created by the Creator, not authorized for use by the Artist, not in the public domain, or otherwise without a valid claim of fair use

  3. Failure to abide by the terms and condition may result in, without limitation, suspension or deletion of the Creator’s account, revocation of the Creator’s privileges and other permissions, delisting the Creator’s items on the Site, or paying monetary damages

  4. Creator hereby agrees to indemnify the Company and be held liable for any claim against the Company arising out of the Artist’s breach of these Terms.

 

Terms for Brand

  1. Brand means companies who make agreements on publishing brand tokes with the Company, give the tokens to User through any of services of Brand like visiting their stores, shopping, watching ads, conversion from other points/tokens, and allow User to exchange digital reward created by Creator who makes an agreement, or who are Brand themselves. 

  2. Brand is responsible primarily for collecting and for sharing necessary data for account creation and management by the Company under their terms and conditions. Brand needs to share facts to their customers by any means. Brand hereby agrees to indemnify the Company and be held liable for any claim against the Company arising out of the Brand’s breach of these Terms.

  3. Brand can register digital reward on their own as Creator or can allow other Creators to use their contents as exchangeable digital reward. 

  4. The Company will not disclose any User information outside of the Brand pool unless the multiple Brands make agreements with each other for sharing data. 

 

Other terms and conditions

  1. Unless otherwise indicated in writing by 24karat, the Service and all content and other materials contained therein, including, without limitation, the Company’s logo and all designs, text, graphics, pictures, information, data, software, sound files, other files and the selection and arrangement thereof (collectively, "Content") are the proprietary property of the Company, our affiliates, or licensors, as applicable.

  2. These terms and conditions shall be governed by and construed in accordance with the laws of Japan and each of the parties hereto agrees irrevocably to conform to the non-exclusive jurisdiction of the Courts in Tokyo, Japan.

  3. Notwithstanding anything contained in these Terms, we reserve the right, without notice and in our sole discretion, to terminate your right to access or use the Service at any time and for any or no reason

  4. The Company reserves the right to change or modify these Terms at any time and in our sole discretion.

  5. If there are any other questions, please reach out to us below.

[email protected]