Effective Date: October 20, 2025
These Tari Airdrop Program Terms and Conditions (the "Terms") govern participation in the Tari airdrop program (the "Program") administered by Tari Labs, LLC ("Tari Labs," "we," "us," or "our"). These Terms supplement and incorporate by reference our Terms of Service (the "Tari Terms of Service"). Capitalized terms not defined here have the meanings given in the Tari Terms of Service.
By participating in or attempting to claim any reward from the Program, you acknowledge that you have read, understood, and agree to be bound by these Terms.
MINOTARI (XTM) TOKENS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS SUCH TERM IS DEFINED IN RULE 902 AS PROMULGATED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION) UNLESS EACH ARE REGISTERED UNDER SUCH ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT IS AVAILABLE. The program is not available to U.S. persons and, accordingly, U.S. persons are not eligible to receive any XTM tokens or any other compensation whatsoever from participating in the Program game. U.S. Persons will not be able to claim XTM tokens or any other compensation via the Program, regardless of the amount of rewards they have earned in the Program. Any actions a U.S. person chooses to take or rewards they earn in the Program will not entitle them to participate in the Program or to claim any XTM tokens whatsoever. U.S. persons fully release Tari Labs, LLC and its affiliates from any and all claims that they are entitled to receive XTM tokens or any other compensation.
The Program rewards eligible users with allocations that may be claimed as either (a) USDC or (b) XTM. Participants may elect one (1) of the following options:
A) USDC Option: You may elect to receive a one-time payment of USDC. By doing so, you permanently and irrevocably waive any and all rights to receive XTM or any other consideration, whether now or in the future.
B) XTM Option: If you elect the XTM Option, you will only be able to receive your airdrop rewards in XTM distributed in twelve (12) equal monthly installments beginning on or about the distribution start date communicated by Tari Labs. Important: You must claim your XTM using the methods and procedures communicated by Tari Labs. If you fail to follow such methods and procedures, you permanently and irrevocably waive any and all rights to receive XTM or any other consideration, whether now or in the future.
C) Election Deadline and Forfeiture: All participants must make their election between the USDC Option and the XTM Option no later than November 28, 2025 at 10:00 a.m. EST (the "Election Deadline").
If a participant fails to make a valid election by the Election Deadline, such participant shall be deemed to have permanently and irrevocably forfeited all rights, title, and interest in and to any rewards available under the Program, including without limitation any entitlement to USDC, XTM, or any other form of consideration.
No extensions, exceptions, or reinstatements will be granted for missed deadlines, regardless of the reason.
Once an election has been submitted, it is final, binding, and irrevocable, and may not be changed, withdrawn, or rescinded under any circumstances.
D) No Obligation: Tari Labs has no obligation to provide any rewards or benefits in connection with the Program, even if participants have accrued a certain amount of rewards. Tari Labs reserves the right to withhold or revoke rewards without consequences.
By electing the USDC Option, you expressly and irrevocably: (a) Waive and release any entitlement to XTM or any other digital or fiat consideration; (b) Acknowledge that the USDC you receive represents the sole and exclusive value of your participation in the Program; and (c) Agree not to assert any claim against Tari Labs or its affiliates for any further distributions, tokens, or consideration related to the Program or the Tari ecosystem.
You are responsible for ensuring your wallet can receive USDC and has sufficient network tokens to pay any applicable gas or transaction fees. Tari Labs will not replace, resend, or reissue USDC in the event of failed, lost, or misdirected transfers, or for losses arising from compromised wallets, incorrect addresses, or loss of private keys.
If you do not affirmatively elect the USDC Option by the published deadline, you will automatically be deemed to have elected to receive XTM. Distributions will occur monthly over a twelve (12) month period to a compatible wallet you designate. Tari Labs makes no representation or warranty regarding the price, value, marketability, liquidity, or exchange availability of XTM. Your choice to receive XTM is final and non-revocable, and you assume all risks associated with market volatility, regulatory changes, and potential inability to transfer or sell tokens.
Participation is not open to: (i) U.S. Persons (as defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933); (ii) Persons or entities located in, residents of, or otherwise subject to sanctions under the laws of the United States, the European Union, the United Kingdom, or other applicable jurisdictions, including but not limited to Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, or Luhansk regions of Ukraine; or (iii) Persons listed on any U.S. government or other applicable sanctions or restricted-party list.
By participating, you represent and warrant that you are not subject to any such restrictions and will not use any circumvention technologies (including VPNs or proxies) to conceal your location or identity. Tari Labs reserves the right to disqualify or revoke rewards from any participant it determines, in its sole discretion, may be ineligible under these requirements.
You are solely responsible for all tax liabilities that may arise from receipt, holding, or disposition of USDC or XTM under this Program. Tari Labs does not withhold or report taxes on your behalf and does not provide tax advice. The fair market value of tokens or digital assets received may be treated as taxable income in your jurisdiction. You should consult your own tax advisor regarding applicable reporting obligations.
Tari Labs provides the Program, USDC, and XTM "as is" and "as available." Without limitation, Tari Labs makes no warranties or representations, express or implied, including: (a) The market value, price stability, or liquidity of XTM or USDC; (b) The ability of any participant to transfer, trade, convert, or otherwise realize value from tokens; (c) The legal status of XTM or any future token in any jurisdiction; or (d) That participation will result in any profit or appreciation. All risk of loss, depreciation, or inability to use or trade tokens rests solely with the participant.
You hereby release, hold harmless, covenant not to sue, and forever discharge Tari Labs, its respective parent companies, affiliates, subsidiaries, retailers, divisions, dealers, advertising and promotion agencies, and all others associated with the development and execution of the Program, and each of its and their directors, employees, officers, and agents from and against any and all third-party claims, actions, damages, losses, liabilities, costs, expenses, injuries, or causes of action of any kind that in any way now or hereinafter may arise from or relate to the Program, including without limitation, the administration of the Program, such as typographical, printing, seeding, human or other errors relating to or in connection with the Program and/or the processing and scoring of rewards. Tari Labs reserves the right at its sole discretion to disqualify any individual (i) who is found to be acting in violation of these Terms and Conditions, (ii) who is found to be acting in an unsportsmanlike or disruptive manner, with the intent to disrupt or undermine the legitimate operation of the Program, or with the intent to annoy, abuse, threaten or harass any other person, or (iii) whom Tari Labs otherwise determines, in its sole discretion, shall not be eligible to participate for any reason or no reason at all. Without limiting the foregoing, Tari Labs shall also have the right to modify, suspend, extend or terminate the Program at any time in its sole discretion. In the event that the Program is terminated, canceled, or postponed for any reason whatsoever, Tari Labs shall have no obligation to distribute rewards or benefits to participants. Tari Labs shall not be liable for (a) any delay, error, or failure in distribution; (b) technical malfunctions, smart-contract bugs, or chain reorganizations; or (c) loss or compromise of digital wallets or private keys.
Tari Labs reserves the right to disqualify any participant or revoke any reward it determines to be obtained through fraud, manipulation, or violation of these Terms. Tari Labs may suspend, modify, or terminate the Program at any time in its sole discretion, including due to market, regulatory, or security concerns.
Disputes shall be subject to the provisions in Tari terms of service, which are hereby incorporated by reference, including the binding arbitration clause and a class action waiver contained therein. YOU SHOULD REVIEW THESE TERMS CAREFULLY, AS THEY MAY AFFECT YOUR LEGAL RIGHTS.
If any provision of these Terms is determined to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
These Terms, together with the Tari Terms of Service and Privacy Policy, constitute the entire agreement between you and Tari Labs regarding the Program and supersede all prior or contemporaneous understandings.
Questions regarding these Terms or the Program may be directed to:
Tari Labs Legal Department
Email: [email protected]
Website: https://www.tari.com