TERMS & CONDITIONS

TWLV Platform

Governing Law: United Arab Emirates (UAE)

Last updated: February 27, 2026

1. Acceptance of Terms

By accessing, registering on, or participating in any activity related to the TWLV platform ("Platform"), including preorder participation, token reservation, or platform usage, you ("User") confirm that you have read, understood, and agreed to be bound by these Terms and Conditions ("Terms").

If you do not agree to these Terms, you must immediately discontinue use of the Platform.

2. Nature of TWLV and Presale Reservations

TWLV is in presale. Participation means placing a preorder at a set token price and receiving a reservation in return. There is no actual digital money involved; the reservation exists only in the Platform’s database.

The TWLV reservation:

  • is intended to function as a utility right within the TWLV ecosystem and is not offered as a security or financial instrument
  • is not a financial instrument
  • does not represent ownership, equity, partnership, or shares
  • does not grant rights to profits, dividends, or revenues
  • carries no guarantee of value, liquidity, or appreciation

TWLV is designed for functional use within the Platform and not for speculative or investment purposes.

The Platform and the website do not guarantee any money or monetary return in respect of purchased or reserved tokens. A reservation constitutes only a right to a part of the software (including future blockchain and related systems), recorded in the Platform’s database.

3. No Investment Offering

Participation in the Platform, including any preorder process, does not constitute:

  • an investment offering
  • a public offering of securities
  • a collective investment scheme
  • a regulated financial activity under UAE law

No regulatory approval from the Securities and Commodities Authority (SCA), ADGM, DIFC, or any UAE authority has been sought or obtained, as such approval is not required for utility-based access tokens.

4. Preorder Participation (Presale)

4.1 Preorder Description

During presale, participants place a preorder at a set token price and receive a reservation in return. The reservation exists only in the Platform’s database; no actual digital money or on-chain tokens are involved. The reservation is intended for future use within the TWLV ecosystem.

Preorder participation:

  • does not create an expectation of profit
  • does not constitute an investment
  • does not grant legal or financial claims

4.2 Manual Review & Approval

Preorder participation may be reviewed to prevent fraud, sanctions violations, duplicate accounts, or technical abuse.

Any rejection or revocation will be based on objective criteria and may be subject to secondary review where applicable.

The Platform reserves the right to:

  • limit token quantities per participant
  • modify, suspend, or terminate preorder phases
  • issue refunds in accordance with Section 10

4.3 Ownership Limit

To promote decentralization and prevent concentration:

  • Maximum allocation per participant is limited to 1.2% of total TWLV supply
  • Circumvention via multiple accounts or wallets may result in cancellation without compensation

5. Off-Chain Allocation & On-Chain Claim

5.1 Off-Chain Recordkeeping

During presale, TWLV allocations are recorded off-chain within the Platform’s database. No actual digital money or on-chain tokens are involved; the reservation exists only in the database.

These records:

  • represent a reservation only
  • do not constitute ownership of tokens or digital assets
  • may be adjusted or revoked under these Terms

5.2 Token Claim

During presale, TWLV exists only as database records (reservations). TWLV tokens will be delivered during a designated claim phase, at which point Users may receive tokens on-chain to a wallet address they control.

Tokens are expected to become claimable within a reasonable timeframe following token deployment, subject to technical readiness.

The Platform:

  • does not guarantee a specific claim date
  • is not responsible for incorrect wallet addresses
  • bears no liability for user wallet mismanagement

6. Marketplace Escrow & Platform Operations

The Platform represents buyers. The escrow service operates for the benefit of buyers. Buyers deposit funds into TWLV and use their TWLV reservations to participate in marketplace transactions. The Platform holds the buyer’s escrowed TWLV until the seller fulfills the transaction and the seller confirms release of escrow, at which point the amount (minus the Platform fee) is credited to the seller’s account. Disputes may be raised by either party and are handled in accordance with Platform policies.

Buyers who hold TWLV reservations may either (a) gift their reservation to a product seller, or (b) use their reservation to exchange for a product on the TWLV market that the Platform represents. All eligible marketplace transactions are conducted through the Platform using TWLV reservations.

6.1 Platform Fee (Seller)

The Platform charges a fee for facilitating the transaction. This fee is borne by the seller and is deducted from the escrowed amount at the time of release. The standard fee is 1.2% of the transaction amount in TWLV. Lower rates (down to 0.12%) are available only upon inquiry and as determined by the Platform. The applicable rate will be shown before the seller confirms the escrow release.

6.2 All Transactions in TWLV

All marketplace payments are made and settled in TWLV (reservations during presale, or tokens when deployed) within the Platform. No fiat currency or other off-platform payment is processed by the Platform for marketplace transactions.

6.3 Nature of TWLV — Data & Software

During presale, TWLV is represented and processed solely as data in the Platform’s database; no actual digital money is involved. When deployed on-chain, TWLV will exist as software (smart contract and ledger entries). The Platform’s escrow and fee mechanism operate on this in-Platform representation of TWLV reservations. Users acknowledge that the Platform’s handling of TWLV in this manner is for the purpose of access, utility, and marketplace coordination within the ecosystem, and that the legal character of TWLV (including whether it constitutes money, e-money, or a regulated instrument) may vary by jurisdiction. Users are responsible for their own compliance with local laws.

Nothing in these Terms constitutes legal or regulatory advice. The Platform does not represent that its operations are exempt from any particular law; users should seek independent advice regarding the applicability of financial, payments, or securities regulation in their jurisdiction.

7. Governance & Community Participation

Any governance or voting features provided are:

  • non-financial
  • advisory in nature
  • non-binding

Participation does not confer legal rights, ownership, or financial entitlements.

8. Humanitarian Allocation

A portion of the TWLV token supply is allocated for humanitarian initiatives.

Users acknowledge that:

  • allocation decisions are discretionary
  • outcomes are not guaranteed
  • participation does not create enforceable obligations

9. User Obligations

Users agree to:

  • provide accurate and truthful information
  • comply with applicable UAE and international laws
  • refrain from unlawful or misleading conduct
  • use the Platform responsibly

The Platform is not liable for:

  • loss of access due to user error
  • loss of private keys
  • third-party wallet or service failures

10. Refunds & Cancellations

The Platform may issue refunds at its sole discretion, including but not limited to cases involving:

  • preorder cancellation
  • technical impossibility
  • regulatory considerations

Refunds:

  • may be full or partial
  • may exclude transaction fees
  • are not guaranteed in all circumstances

10.1 Custodians and Refunds Before the Blockchain is Live

Custodians or money receivers (entities that receive funds in connection with token reservation or purchase) assume custodian responsibility in respect of such funds. Such custodians may, but are not obliged to, issue refunds before the software (blockchain) is live. The Platform does not guarantee that refunds will be made before the blockchain or related software is operational.

11. Risk Disclosure

Users acknowledge the inherent risks associated with:

  • blockchain technology
  • digital assets
  • regulatory changes
  • technological failures

Participation is entirely at the User's own risk.

12. Limitation of Liability

To the maximum extent permitted under UAE law, the Platform and its operators shall not be liable for:

  • indirect or consequential losses
  • loss of funds or opportunity
  • token value fluctuations
  • platform downtime

13. No Advice Disclaimer

Nothing on the Platform constitutes financial, investment, legal, or tax advice.

Users are solely responsible for their decisions and actions.

14. Modifications

The Platform reserves the right to amend these Terms at any time.

Continued use of the Platform constitutes acceptance of any updated Terms.

14.1 Investor Voting Mechanism

The founders may adjust these Terms and Conditions and the whitepaper if 50% or more of investors vote in favor of such adjustments.

Any proposed modifications to the Terms and Conditions or whitepaper shall be subject to a voting process among eligible investors, with a majority threshold of 50% or more required for approval.

15. Governing Law & Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of the United Arab Emirates.

Any dispute arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of the United Arab Emirates.

16. Contact

For inquiries regarding these Terms, Users may contact the Platform through official communication channels listed on the website.