Last Updated Feb 03 2020
These Terms and Conditions ("Terms") apply to the airdrop and referral program of Morpher Labs GmbH ("Morpher Labs") on the website www.morpher.com ("Website") and the application ("App"). During the course of the airdrop and referral program, Morpher Labs plans to distribute "Morpher Tokens" as a reward for registering on the Website and referring new users. Morpher Tokens are ERC20 tokens on the Ethereum blockchain.
The Morpher Tokens distributed in connection with the airdrop and referral program are 'gifts' pursuant to § 938 of the Austrian General Civil Code and do not confer any rights, neither statutory nor contractual, on recipients.
Morpher Labs may update, change, replace or cancel these Terms at any time without prior notice. The airdrop and referral program will run until the entire amount of Morpher Token allocated thereto has been distributed.
The first 10,000 users who register on the Website and pass the KYC/AML check are eligible to receive 2,000 Morpher Tokens upon accessing the App for the first time ("Airdrop"). Users who refer new users via their individual signup link are eligible to receive a reward of 1,000 Morpher Tokens per referred user ("Referral Reward"). To receive the Referral Reward, the referrer and the referee must both be eligible for the airdrop as well as register and pass KYC/AML checks. Each unique natural person can participate in the airdrop just once. We reserve the right to blacklist users if we believe they are not actually eligible or participated in botting/spamming or similar activities.
After 10,000 users have registered and passed KYC on the Website, the amount of Morpher Token distributed under the Airdrop and referral program will be reduced by half until the next 20,000 users have passed KYC on the Website, in which case the Morpher Token amount will be further reduced by half. Token Rewards and Referral Rewards will continue to decrease at a set pace as more users sign up.
Morpher Labs will enable redemption of Morpher Token rewards after the Tokens have been created. There is nothing physical being provided, the Tokens are distributed electronically only. Redeeming claimed tokens will require registering on the App and providing an Ethereum wallet. Failure to redeem Morpher over an extended period of time, may lead to those Tokens being reallocated.
Any price associated with Morpher Tokens or mentioned on the Website is our best estimate of value at the time. Morpher Labs does not take any financial responsibility for the value of Morpher Tokens. Morpher Labs does not guarantee the price of Morpher Tokens, or the ability to convert/exchange tokens into other forms of currency.
In order to be eligible for the Airdrop, users must:
These Terms and any non-contractual obligations arising out of or in relation to it shall be governed by and construed in all respects in accordance with Austrian law, excluding the Austrian conflict of law rules of Austrian international private law.
The Commercial Court for the first district of Vienna, Inner City (Austria) shall have exclusive jurisdiction to resolve disputes arising out of or in connection with these Terms.