SKYLINE – TERMS & CONDITIONS

Version 1.4 | Last Updated: 21 June 2025

IMPORTANT NOTICE. Skyline City Tokens ("City Tokens") are digital collectibles created for social, cultural, and expressive purposes only. They are NOT investment contracts, securities, or other financial instruments. Holding or trading a City Token confers no expectation of profit, yield, dividends, or other monetary return. Accessing the Website or interacting with Skyline smart‑contracts means you ACCEPT these Terms in full. If you disagree, DO NOT use the Services.

TABLE OF CONTENTS

  1. Introduction & Definitions
  2. Acceptance of Terms
  3. Eligibility & Prohibited Users
  4. Wallet & Technology Requirements
  5. Nature of City Tokens (Digital Collectibles, Not Securities)
  6. Treasury Mechanics & 2% Fee Allocation
  7. Community Vault & Access‑Perk Program
  8. Taxes & Regulatory Compliance
  9. Risks & Disclaimers
  10. Intellectual‑Property & License
  11. Indemnification
  12. Limitation of Liability
  13. Dispute Resolution & Arbitration
  14. Modification of Terms
  15. Miscellaneous
  16. Contact

1. INTRODUCTION & DEFINITIONS

"Skyline," "we," "us," or "our" means Loch Inc., a Delaware corporation that operates the Website at https://skyline.world, related social channels, dashboards, and smart‑contract interfaces (collectively, the "Services").

"City Token" means a Base‑network fungible cryptographic asset whose ticker references a world city (e.g., $LONDON, $DUBAI). Skyline may deploy hundreds of City Tokens; no limit is imposed.

"Community Vault" means the on‑chain treasury contract that receives 70% of all City Token transaction fees.

"Revenue Wallet" means the Skyline‑controlled wallet that receives 30% of all City Token transaction fees as operating revenue.

"Perks" means non‑financial, consumptive benefits (e.g., event tickets, coworking‑space day passes, merchandise) optionally distributed to holders subject to budget, logistics, and local laws.

"Base" means the Layer‑2 blockchain operated by Coinbase, currently at https://base.org. Other capitalized terms have the meanings set elsewhere in these Terms.

2. ACCEPTANCE OF TERMS

By (a) visiting the Website, (b) connecting a compatible wallet, (c) minting, buying, or selling a City Token, or (d) using any part of the Services, you agree to be bound by these Terms, plus our Privacy Policy, and any additional rules we publish. If you cannot legally accept these Terms, do not use the Services.

3. ELIGIBILITY & PROHIBITED USERS

  1. Age. Services are available only to individuals 18 years or older (or the age of majority in your jurisdiction).
  2. Sanctioned Persons. You may not use the Services if you (a) appear on any U.S. OFAC, U.N., E.U., or U.K. sanctions list, (b) are located in a comprehensively sanctioned jurisdiction, or (c) are otherwise prohibited by law.
  3. Additional Restrictions. Jail‑broken iOS, rooted Android, or similar compromised devices are prohibited. We may refuse or terminate access at our sole discretion.

4. WALLET & TECHNOLOGY REQUIREMENTS

You must (a) maintain an Internet connection, (b) install a Base‑compatible wallet (e.g., Coinbase Wallet, MetaMask configured for Base), (c) fund that wallet with sufficient ETH on Base to cover gas, and (d) interact directly with the published Skyline smart‑contract addresses. Skyline is not responsible for wallet keys, RPC outages, or network congestion.

5. NATURE OF CITY TOKENS

  1. Collectible Purpose. City Tokens are intended for cultural identity and entertainment. They do not convey equity, dividends, revenue share, governance rights over Skyline, or claims on any assets.
  2. No Utility Promise. Other than social recognition, City Tokens offer no inherent functionality. Any future integrations or uses are purely optional and may be discontinued at any time.

6. TREASURY MECHANICS & 2% FEE

  1. Swap Fee. Each City Token transfer or liquidity‑pool swap incurs a 2% fee baked into the smart contract.
  2. Split. Automatically at settlement:
    • 70% → Community Vault (on‑chain, transparent)
    • 30% → Revenue Wallet (Skyline operations)
  3. No Holder Claim. Holders have zero legal/equitable claim to Revenue Wallet funds or Community Vault assets.

7. COMMUNITY VAULT & ACCESS‑PERK PROGRAM

  1. Purpose. Vault funds may support non‑profit, public‑goods projects that advance human progress in real cities or sponsor temporary community spaces.
  2. Governance.
  3. Perk Nature. Perks (event passes, coworking day tickets, etc.) are consumptive only, subject to availability, budget, and local regulation. They are NOT guaranteed and have no resale value.

8. TAXES & REGULATORY COMPLIANCE

You are solely responsible for reporting and paying any taxes arising from your City Token transactions. Skyline does not provide tax advice.

9. RISKS & DISCLAIMERS

  1. Volatility. City Token markets are highly volatile and illiquid.
  2. Technology Risks. Smart‑contract bugs, Base outages, MEV, bridges, or hacks may result in loss.
  3. Regulatory Uncertainty. Laws evolve. Tokens may later be deemed securities.
  4. No Warranties. Services are provided "AS IS" without warranties of any kind.
  5. Third‑Party Disclaimers. Disclaimers about third‑party links, trading venues, and so forth identical to prior version.

10. INTELLECTUAL‑PROPERTY & LICENSE

Content on the Website is Skyline's property or used under license. We grant you a limited, non‑exclusive, revocable license to access the Services for personal, non‑commercial use.

11. INDEMNIFICATION

You agree to indemnify Skyline and its affiliates against all claims, damages, and expenses arising from your use of the Services or violation of these Terms.

12. LIMITATION OF LIABILITY

To the maximum extent permitted by law, Skyline's liability to you shall not exceed USD 500, regardless of theory of liability or damages alleged.

13. DISPUTE RESOLUTION & ARBITRATION

All disputes shall be resolved by binding arbitration under JAMS in Wilmington, Delaware (or your U.S. county of residence for U.S. users). Class‑action waivers apply. You may opt out within 30 days of first use by emailing legal@skyline.world.

14. MODIFICATION OF TERMS

We may amend these Terms at any time. Updated Terms take effect upon posting. Continuing to use the Services after amendments constitutes acceptance.

15. MISCELLANEOUS

Severability, force majeure, assignment, no‑agency, headings for convenience, U.N. Convention on Contracts for the International Sale of Goods excluded, etc.

16. CONTACT

Questions? Email legal@skyline.world or write to Skyline World Inc., 651 N. Broad St., Suite 206, Middletown, DE 19709, USA.