Launchpad – Terms & Conditions

These Terms & Conditions (“Terms”) govern your participation in Launchpad, a promotional feature within the Nowory platform that enables eligible users to purchase selected crypto assets at discounted prices.

By participating in any launchpad, you agree to be bound by these Terms, along with Nowory’s User Agreement, Privacy Policy, and all applicable laws and regulations. Please read these Terms carefully before joining a launchpad.

1. Eligibility

Account Requirement – Only users with an active and KYC-verified account may participate in Launchdpad.
KYC & AML Compliance – Users must complete all required Know Your Customer (KYC) and Anti-Money Laundering (AML) verifications before accessing Launchdpad.
Geographic Restrictions – Participation is only available in jurisdictions where cryptocurrency trading is permitted. Users are responsible for ensuring compliance with local laws.
Age Requirement – You must be at least 18 years of age (or the legal age of majority in your jurisdiction) to participate.
The INR commitment is mandatory for all launchpad participants. Other activities like deposits, trading, or Nowory11 subscriptions may be optional or combined quests.

2. Participation in Launchdpad

To participate in a launchpad, you must complete the required activities after opening the ongoing launchpad card:

How to Join a launchpad.
Open the ongoing launchpad card from the Launchdpad section.
Commit INR before the launchpad deadline.
Complete at least one valid trade on the Nowory platform.

Minimum Requirements - Every launchpad has a minimum requirement for both depositing and trading. Please review the specified minimum deposit and trade amount for each launchpad before participating.

Timing of Actions - Any deposit or trade made before opening the launchpad card will not count toward participation. Only actions done after opening the launchpad are eligible.

Independent Launchdpad - Each launchpad is separate. You must open the specific launchpad card and complete its deposit, trade, and commitment requirements individually. Previous deposits or trades do not carry over to other Launchdpad.

Final Commitment Once INR is committed to a launchpad, it cannot be withdrawn, altered, or cancelled until the launchpad ends.

3. Minimum Commitment Requirement

Coverage Requirement – Every launchpad requires a minimum total INR commitment from all participants combined to cover the full value of the discounted asset pool.
Illustrative Example – If a launchpad offers 10 BNB at 500 INR each after discount, all participants together must commit at least 5,000 INR.
Failure to Meet Minimum – If the combined commitments do not reach the required minimum by the launchpad’s closing time, the launchpad will be cancelled, and all committed INR will be refunded to participants once the launchpad ends.

4. Allocation of Assets

Pro-Rata Allocation – Pro-Rata allocation means the crypto from a launchpad is divided fairly among all participants when the total INR committed exceeds the value of the discounted asset pool, with each user receiving a share based on the proportion of their contribution to the total pool.

Example: Suppose a launchpad has 10 BNB available at a 50% discount, with each BNB priced at 500 INR after discount, making the total value 5,000 INR for 10 BNB.

All users together commit 10,000 INR, which is double the required amount.

Since you contributed 1,000 INR (10% of the pool), you will receive 10% of the discounted crypto, which is 1 BNB.

The unused 500 INR from your commitment will be refunded to your wallet.

This ensures everyone gets their fair share of the discounted crypto, and no INR is wasted.

Refund of Unused INR – Any portion of your INR not used in the allocation will be automatically refunded on the asset allocation date.
Direct Credit – Successfully allocated assets will be credited directly to your Nowory wallet on the asset allocation date.

5. Refund Policy

If a launchpad is cancelled, all INR will be refunded in full.
Pro-rata unused INR is refunded on allocation date.
Refunds are instant but may take up to 24 hours.
Refunds are made only in INR.

6. User Responsibilities

Sufficient Balance – Users must ensure they have sufficient INR balance before committing.
Reviewing launchpad Terms – Users are responsible for reviewing launchpad details (asset type, discount rate, minimum requirements, start and end time) before committing.
No Early Withdrawal – Committed INR cannot be withdrawn or traded until the launchpad ends.
Accurate Information – Users must provide accurate information during KYC and participation. Any misrepresentation may result in suspension from Launchdpad.

7. Risks and Disclaimers

Market Risk – Cryptocurrency markets are volatile. Prices may fluctuate significantly for any asset after the launchpad, and Nowory does not guarantee profits.
Best-Effort Basis – Launchdpad are offered on a best-effort basis. Nowory does not guarantee uninterrupted access or error-free execution.
No Investment Advice – Participation in Launchdpad does not constitute investment advice. Users must make their own decisions.
Technical Failures – Nowory is not responsible for system outages, network failures, or unforeseen disruptions that may affect participation.
Force Majeure – Nowory shall not be liable for delays or failures caused by events beyond its reasonable control, including regulatory actions, natural disasters, or cyberattacks.

8. Prohibited Activities

Fraudulent Behavior – Use of multiple accounts, fake identities, or automated tools to manipulate Launchdpad is strictly prohibited.
Money Laundering & Illegal Use – Launchdpad may not be used for money laundering, terrorist financing, or any unlawful activity.
Account Misuse – Any suspicious or abusive activity may result in: Suspension of launchpad participation Forfeiture of allocations Termination of Nowory account.

9. Modifications, Suspension & Termination

Right to Modify – Nowory reserves the right to modify launchpad terms, including eligibility, timelines, and requirements, at its sole discretion.
Right to Suspend – Nowory may pause or cancel any launchpad in case of technical issues, low participation, or regulatory concerns.
Updates to Terms – Nowory may revise these Terms from time to time. Continued participation after updates constitutes acceptance of the new Terms.

10. Liability & User Acknowledgement

Limitation of Liability – To the maximum extent permitted by law, Nowory shall not be liable for any indirect, incidental, or consequential damages arising from participation in Launchdpad.
User Acknowledgement – By participating, you acknowledge that all commitments involve risk, and you agree that Nowory is not responsible for any losses beyond the committed INR.

11. Governing Law & Dispute Resolution

Applicable Law – These Terms are governed by the laws of the jurisdiction in which Nowory operates.
Dispute Resolution – Any disputes shall first be resolved through Nowory’s internal support and escalation system. If unresolved, disputes shall be submitted to arbitration in accordance with the applicable arbitration laws.
Jurisdiction – Courts in the relevant jurisdiction shall have exclusive authority over any legal proceedings.

12. Acceptance of Terms

By clicking “Interested” and committing INR in any launchpad, you acknowledge that you have read, understood, and agreed to these Terms & Conditions.

13. Terminology (User Guide)

Launchpad – A promotional offer on the Nowory platform that lets users buy selected crypto assets at a discounted price.
INR – A stablecoin (Tether) pegged to the US Dollar, used for deposits, commitments, and refunds in Launchdpad.
Interested – A button you must click to confirm your intention to join a launchpad. Only after clicking this can your deposits and trades count.
Commitment / Committed INR – The amount of INR you lock into a launchpad to participate. Once committed, it cannot be withdrawn until the launchpad ends.
Minimum Requirement – The smallest deposit or trade amount required to qualify for a launchpad. Each launchpad specifies its own limit.
Minimum Commitment Requirement (Coverage Requirement) – The total amount of INR that all participants together must commit to fully cover the launchpad asset pool. If unmet, the launchpad is cancelled.
Pro-Rata Allocation – A fair distribution method. If more INR is committed than needed, each participant gets a share of the discounted crypto in proportion to their contribution. Unused INR is refunded.
Asset Pool – The total quantity of discounted crypto available in a launchpad (e.g., 10 BNB).
Launchpad End Date – The day when the launchpad will be closed and no one can participate after that.
Allocation Date – The day when discounted crypto is distributed to participants’ wallets and unused INR is refunded.
Refund – Return of unused or committed INR (in cases of launchpad cancellation or over- commitment). Refunds are only made in INR.
KYC (Know Your Customer) – A verification process requiring users to submit identity documents to confirm their account.
AML (Anti-Money Laundering) – Compliance checks to prevent illegal or fraudulent use of Launchdpad.
Wallet – Your Nowory account’s crypto balance, where deposits, refunds, and allocated assets are stored.
Force Majeure – Events beyond Nowory’s control (like natural disasters or regulatory changes) that may affect a launchpad.