Ownership and Commercial Rights of Vexillum Assets
The Vexillum Treasury has released a collection of assets that may be called by multiple names, including but not limited to, “Vexillum Bills”, “VXI Bill”, “VXI” or “Strykanium.” The said assets are either minted as ERC-721, ERC-20 or ERC-1155 tokens which include unique hybrid artwork and digital files hosted on InterPlanetary File System (“IPFS”). By minting a Vexillum Asset from any of our smart contracts or purchasing it off the secondary market (e.g. OpenSea), or otherwise acquiring the Vexillum Bill through any other legitimate means or method, the Holder receives full and complete ownership, inclusive of commercial rights, to the Asset and the corresponding unique artwork. The License received by the Holder is solely for the Vexillum Asset and includes the right to use the Licensed Asset as deemed fit and legitimate and the right to reproduce the Licensed Asset on tribute or derivative art, merchandise, or sharing these rights with third party projects. The Holder agrees not to use, utilize, portray, advertise, distribute or otherwise market any Vexillum Asset in any project or derivative work that involves hate speech, racism, pornography, or any other illegal or unlawful content. Upon sale or transfer of the asset ownership, any ownership or commercial rights are immediately transferred to the new Holder. No refunds shall be issued to any Holder upon a full and complete lawful purchase of any Vexillum Asset. In the event that any Holder purchases a Vexillum Asset through the secondary market, such as OpenSea, Holder shall be held accountable and will be bound by the Terms of Service which govern said secondary market platform.
Art and Creative Design
All art and creative design are exclusively owned by Cosdec Labs and Vexillum Treasury, with the exception of artwork corresponding to individual assets which are owned by the Holder. Vexillum Assets may bear elements of transformative fan art or caricatures, stock imagery, or clipart which are rendered in good faith to add humor and satire to the project. Any Holder of a Vexillum Bill bearing these elements has an individual responsibility to determine the appropriateness of subsequent usage.
Limitations of Liability for Gas, Failed Transactions, Smart Contract Bugs
Participants in minting Vexillum Assets agree to hold the Vexillum Treasury and Cosdec Labs harmless for any losses incurred as a consequence of minting an NFT or any other issued token. These potential losses include any gas fees for failed transactions, any excessive gas fees charged due to website, blockchain, or smart contract bugs, and any loss of any token due to website, blockchain or smart contract bugs.
No Guarantees or Future Promises
While the Vexillum Treasury and Cosdec Labs have released a roadmap outlining future goals and plans for community development, we cannot guarantee to accomplish every item outlined during the pre-launch planning phase as ideas and projects evolve organically. You agree that your purchase of a Vexillum Asset from our initial and further releases is all you are guaranteed to receive with your purchase, whether through primary or secondary channels. Any future benefits are ancillary to this purchase and not to be taken into consideration with your initial purchase. You agree that you are not relying on any future commitments by Vexillum Treasury in using this site and participating in our NFT or other token launches and releases.
No Guarantees of Value
Vexillum Assets were created purely as collectibles, not as investment vehicles or substitutes for cryptocurrency. We make absolutely no promise or guarantee that these NFTs will subsequently retain monetary value in fiat, cash or cryptocurrency. All assets are subject to market risk and we recommend you consult an accredited financial advisor before making any financial transactions.
Each Holder is solely and entirely responsible for any and all International, Federal, or State tax liabilities that may arise, be imposed, or enforced as a result of minting or reselling Vexillum Assets.
Class Action Waiver, Jurisdiction and Choice of Law
You agree to waive any class-action status, and any legal dispute around the Vexillum Treasury project which you may choose to bring can only be done on an individual basis. The Parent Company of CosDec Labs and Vexillum Treasury have the absolute and binding right to pick a jurisdiction or resolution methods, such as arbitration or settlement, in case of all types of possible lawsuits and litigations.
The Vexillum Treasury project is not targeted towards children. You agree that you are over the age of 18, or above the legal age of your jurisdiction, whichever is greater. Any individual under the age of 18 participating in this project should only do so under parental supervision.