What This Token Airdrop Terms and Conditions Covers

The token airdrop terms and conditions template provides a comprehensive framework for cryptocurrency distributors conducting airdrops. This agreement outlines essential elements such as the parties involved, the eligibility criteria for participants, and detailed airdrop mechanics. It ensures compliance with applicable laws, protecting both the distributor and participants in the process.

When to Use a Token Distribution Agreement

This airdrop agreement is crucial when launching a new cryptocurrency project that plans to distribute tokens to potential users. For example, if a blockchain startup aims to promote its new token through an airdrop, this document will help define the rules and regulations surrounding the distribution. Additionally, it is essential for ensuring that all participants meet the airdrop eligibility criteria and understand their responsibilities.

What's Included in This Cryptocurrency Distribution Terms Template

• Parties: Clearly identifies the distributor and participants involved in the airdrop.
• Eligibility Criteria: Specifies the requirements participants must meet to qualify for the airdrop, including age and residency.
• Airdrop Details: Outlines the total number of tokens distributed, start and end dates of the airdrop, and any conditions for token receipt.
• Participant Obligations: Details the responsibilities of participants, ensuring they understand their role in the process.
• Disclaimer of Liability: Protects the distributor by limiting liability concerning the airdrop.
• Governing Law: Specifies the jurisdiction under which any disputes will be resolved.

Key Airdrop Agreement Provisions

• Eligibility Criteria: This clause is vital for ensuring that only qualified participants receive tokens, helping to maintain compliance with legal standards.
• Participant Obligations in Airdrops: Clearly defined obligations prevent misunderstandings and ensure participants know their responsibilities.
• Disclaimer of Liability: This provision protects the distributor from potential legal challenges arising from the airdrop.
• Governing Law: Establishes the legal framework for resolving disputes, providing clarity and security for both parties.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.