TIX Token Legal Disclaimer

Important information regarding the TIX token. Please read carefully before participating.

Last Updated: October 2025

Important Notice

This disclaimer contains important legal and regulatory information. By participating in the TIX token ecosystem, you acknowledge that you have read, understood, and agree to be bound by these terms.

1. Not a Security

The TIX token is a utility token designed for use within the ParlayTix platform. TIX is NOT:

  • An investment contract or security
  • A share of equity, profit, or ownership in ParlayTix or any related entity
  • A guarantee of future profits or returns
  • Subject to registration with any securities regulatory authority

TIX tokens are intended solely as a utility token for platform operations, including transaction fees, rewards, and governance participation.

2. No Investment Advice

Nothing on the ParlayTix website, documentation, or communications constitutes investment, financial, legal, or tax advice. You should:

  • Conduct your own research and due diligence
  • Consult with qualified professional advisors
  • Understand the risks associated with blockchain technology and digital assets
  • Never invest more than you can afford to lose

3. Risks and Uncertainties

Participation in the TIX token ecosystem involves significant risks:

Market Risk

Token value may be volatile and could decrease to zero. There is no guarantee of liquidity or market availability.

Technology Risk

Smart contracts may contain bugs or vulnerabilities. Blockchain networks may experience downtime or congestion.

Regulatory Risk

Digital asset regulations are evolving. Future regulatory changes may impact token utility or transferability.

Platform Risk

The ParlayTix platform is under development. Features may change, and there's no guarantee of continued operation.

4. Geographic Restrictions

TIX tokens may not be available to residents of certain jurisdictions, including but not limited to:

  • United States (pending regulatory clarity)
  • Jurisdictions where digital assets are prohibited
  • Countries subject to international sanctions

It is your responsibility to ensure compliance with applicable laws in your jurisdiction.

5. Fair Launch Terms

The TIX token employs a "Fair Launch" distribution model:

✓

100% Community Earned

All tokens are distributed through platform participation and engagement.

✓

Zero Pre-mint

No tokens are pre-allocated to team, advisors, or early investors.

✓

Transparent Distribution

All distribution rules are public and verifiable on-chain.

6. No Guarantees

ParlayTix makes no warranties or guarantees regarding:

  • Token value, price performance, or liquidity
  • Platform availability, uptime, or functionality
  • Future development, features, or roadmap completion
  • Integration with third-party services or protocols
  • Tax treatment or regulatory classification

7. Limitation of Liability

To the maximum extent permitted by law, ParlayTix and its affiliates, officers, directors, employees, and contractors shall not be liable for:

  • Loss of tokens due to user error, forgotten passwords, or compromised private keys
  • Smart contract bugs, hacks, or exploits
  • Network failures, congestion, or unavailability
  • Regulatory actions or legal restrictions
  • Third-party service failures or integrations
  • Market volatility or price fluctuations

8. Tax Obligations

You are solely responsible for determining and satisfying any tax obligations arising from:

  • Earning, receiving, or claiming TIX tokens
  • Trading or exchanging TIX tokens
  • Using TIX tokens for platform services
  • Staking or participating in governance

ParlayTix does not provide tax advice. Consult a qualified tax professional for guidance specific to your situation.

9. Changes and Updates

ParlayTix reserves the right to modify, update, or discontinue the TIX token or platform features at any time without prior notice. Continued use of the platform after changes constitutes acceptance of those changes.

We encourage users to regularly review this disclaimer for updates.

10. Acknowledgment

By participating in the TIX token ecosystem, you:

  • Acknowledge that you have read and understood this disclaimer
  • Understand and accept all risks associated with digital assets
  • Confirm you are not located in a restricted jurisdiction
  • Agree to comply with all applicable laws and regulations
  • Accept that TIX is a utility token, not a security or investment
  • Waive any claims against ParlayTix related to token value or platform operation

Questions?

For questions about this disclaimer or the TIX token, please contact our legal team.

Email: legal@parlaytix.com

For general inquiries: support@parlaytix.com