Airdrop Policy
This Airdrop Policy ("Policy") governs the distribution of SOMI tokens ("Tokens") by Somnia TokenCo Ltd. ("Company," "we," "us," or "our") to eligible participants ("Participants", “you”, “your”) through our token airdrop program ("Airdrop"). By participating in the Airdrop, you agree to be bound by this Policy and our Terms of Service.
DISCLAIMER: THIS POLICY GOVERNS YOUR PARTICIPATION IN THE AIRDROP AND CONSTITUTES A LEGALLY BINDING AGREEMENT BETWEEN YOU AND US. PLEASE READ THIS POLICY CAREFULLY. YOUR PARTICIPATION IN THE AIRDROP SHALL CONSTITUTE YOUR ACCEPTANCE TO THIS AIRDROP POLICY IN ITS ENTIRETY.
By participating in the Airdrop, you acknowledge that:
Somnia assumes no responsibility for your Participation and the consequences thereof;
Somnia does not offer any professional advice or recommendations regarding the Airdrop or tokens. The information provided is for informational purpose only, nothing in this Policy shall be construed as being professional advice;
This Policy does not establish any fiduciary relationship between Somnia and Participants. Somnia disclaims any fiduciary duty or liability to the maximum extent permitted by law;
You are making an independent decision in respect of your participation and your participation is at your own risk; and
It is your responsibility to seek professional legal, tax or other advice before participating in the Airdrop.
ELIGIBILITY
Who can participate:
Participants must be at least 18 years of age and not a Prohibited Person. A “Prohibited Person” is any person or entity that is (a) the subject of any economic or trade sanctions administered or enforced by any governmental authority, including any person designated on any list of prohibited or restricted parties by any governmental authority, such as the European Union (“EU”) Consolidated List of Persons, the United Kingdom (“UK”) Consolidated List of Financial Sanctions Targets, the United States (“U.S.”) Treasury Department’s list of Specially Designated Nationals, and the U.S. Department of Commerce Denied Persons or Entity Lists; (b) located in, incorporated in, or otherwise organized or established in, or resident of, any country, territory, or jurisdiction that is the subject of comprehensive country-wide or regional economic sanctions or embargoes or has been designated as “terrorist supporting” by the United Nations (“UN”) or any governmental authority of the EU, UK, or the U.S., including the Office of Foreign Assets Control (“OFAC”) of the U.S. Treasury Department or the Office of Financial Sanctions (“OFSI”) of HM Treasury of the UK (each such country, territory, or jurisdiction, a “Prohibited Geo”); (c) owned or controlled by such persons or entities described in (a)-(b); or (d) accessing the Airdrop on behalf of persons or entities described in (a)-(c). You agree not to use virtual private networks or other tools to circumvent these restrictions. Any such deliberate circumvention, or attempted circumvention, of our controls may permanently disqualify you from participation in the airdrop, as determined in our discretion.
Participants must hold an EVM-compatible wallet.
Participants are required to fulfill all the verification steps provided in this Policy or as may be communicated by us from time to time.
This Airdrop is not available to residents of the United Kingdom (UK) or United States of America (USA). Participants must not use virtual private networks or similar technology to bypass geographic restrictions.
Participants are responsible for ensuring compliance with the local laws and regulations in their jurisdiction.
If you are participating on behalf of an entity, you represent that you have full authority and proper authorization to bind that entity to this Policy.
Account verification requirements:
Participants must connect their EVM-compatible wallet to our platform to verify eligibility.
The authenticity of Participants shall be verified to ensure that the Participant is not a bot or using an automated account and is a legal person.
CLAIMING
To be able to claim the Airdrop, you will need to complete the account verification requirements provided above. Failure to complete the authorisation may be considered as forfeiture of Tokens.
Participants must claim their tokens within the specified timeframe. Unclaimed tokens after the deadline will be forfeited. The claiming deadline will be announced separately.
Somnia reserves the right to determine, at its sole discretion, both your eligibility to receive Airdrop and the specific number of Tokens allocated to each Participant based on their previous contributions.
Somnia is under no obligation to communicate eligibility requirements to participants or potential participants before, during, or after the Airdrop claim period begins. The Participant shall ensure their eligibility to claim in accordance with this Policy.
You agree and acknowledge that you may not pursue any legal claims against Somnia or its representatives if any Airdrop Tokens remain unclaimed due to:
technical glitches beyond Somnia’s control;
issues with smart contract;
inability to pay gas fees;
wallet incompatibilities;
loss of access to a wallet or the key;
any other circumstances beyond Somnia’s control.
TECHNICAL REQUIREMENTS
Wallet and Network Requirements: For a successful Airdrop claim, the Participant shall abide by the following requirements:
The Participant must have an EVM-compatible wallet
Somnia chain must be added to the wallet
SOMI token contract must be added to the wallet
Stable internet connection is required for the claiming process
Gas Fees and Transaction Costs:
Participants are responsible for all gas fees and transaction costs associated with claiming and managing their tokens;
You must ensure that there is sufficient funds in your wallet to cover any such transaction fees.
ANTI FRAUD AND SECURITY MEASURES
Prohibited Activities and Disqualifications: Including but not limited to, the following acts are prohibited and may result in disqualification of the Participant from the Airdrop:
Use of bots, automated scripts, or any artificial means to participate;
Creation or use of multiple accounts to increase allocation;
Any form of fraud, manipulation, or abuse of the airdrop system
Violation of our terms of service or community guidelines
Enforcement: Somnia reserves the sole and absolute right to investigate any Participant or their wallets that appear to be malicious, fraudulent, operated by bots, abusing the system, or is found to be conducting any prohibited activities provided above.
Somnia reserves the sole and absolute right to disqualify and/or blacklist any Participant or potential Participant and their wallet it deems ineligible for the Airdrop. Disqualification decisions shall be final and not subject to appeal.
OTHER TERMS AND CONDITIONS
Token Value Disclaimer
The airdropped tokens may have no monetary value. There is no guarantee that these tokens will have any market value, utility, or liquidity. The Participant must participate at their own risk. We make no representations about the future market value of the Token
Tax and Regulatory Responsibilities: You are responsible for any taxes or reporting obligations arising from the receipt of these Tokens and are fully responsible for compliance with all applicable laws, regulations, and tax requirements in your jurisdiction. All information provided in connection with the Airdrop or otherwise provided by Somnia is for informational purposes only and is not and should not be construed as professional tax or legal advice regarding the Airdrop or Tokens. Participants must consult their own tax or legal advisor.
Not an investment advice, DYOR: The Token is not intended to constitute securities of any form or any other form of investment in any jurisdiction. This Policy is for informational purposes only and does not constitute a prospectus, offer document of any sort, or investment solicitation. No financial regulatory authority has examined or approved of this Policy.
Program Modifications: Somnia reserves the absolute right to cancel, modify, suspend, or terminate the airdrop program at any time without prior notice and without any liability. We may change the eligibility criteria, distribution amounts, unlock conditions, or any other aspects of the program. Somnia is not liable to provide any compensation to the Participant for program changes or cancellations.
Privacy and Data: All data collection and processing related to this Airdrop is governed by our Privacy Policy available at: https://somnia.network/privacy-policy
User Disclaimer: The Airdrop is provided on an “as is'” and “as available” basis. Somnia expressly disclaims all warranties of any kind, whether express, implied, or statutory, including the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. We do not guarantee that the Airdrop will be uninterrupted, timely, secure, error-free, or meet your specific requirements.
You agree and acknowledge that your participation in the Airdrop does not violate any applicable laws, including without limitation, applicable economic and trade sanctions and export control laws and regulations, such as those administered and enforced by the EU, OFSI, OFAC, the U.S. Department of State, the U.S. Department of Commerce, the UN Security Council, and other relevant authorities. You also agree that you will not sell, assign or transfer control of any Tokens you receive in the Airdrop to a person or wallet address that would violate these terms if claimed directly by such person or wallet.
Limitation of Liability: Our liability shall be limited to the fullest extent permitted by law. You release us and our team from any liability related to the Airdrop or Token use, including lost funds, third-party wallet security breaches, market value fluctuations, technical errors, or geo-blocking.
Indemnification: The Participant agrees to defend, indemnify and hold harmless, Somnia and its representatives against any claims, losses, or legal costs arising from your Participation in the Airdrop program or breach of this Policy.
Dispute Disclaimer: In no event shall Somnia or any Somnia person be held liable in connection with or for any claims, losses, damages, or other liabilities, whether in contract, tort, or otherwise, arising out of or in connection with the airdrop or the receipt of any tokens. By participating in this airdrop, you agree to resolve all disputes by individual arbitration and expressly waive your right to engage in class actions, class arbitration and representative actions.
Final Terms: By participating in this airdrop, you acknowledge that you have read, understood, and agree to be bound by this Policy. You participate entirely at your own risk and acknowledge that Somnia makes no representations or warranties regarding the tokens or their future value. You represent and warrant that all information provided during the Airdrop process is true, accurate, and complete.
We reserve the right to modify, add, or remove any section of this Policy from time to time or terminate the Airdrop or this Policy at any time with or without notice. It is your responsibility to keep yourself updated with the changes to this Policy. Continued participation shall constitute your acceptance of any modifications.
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