Standard Offer Agreement for Time Tokens: Difference between revisions
m Badfoxlab moved page Standard Offer Agreement for Personal Tokens of the MTLA to Standard Offer Agreement for Time Tokens of the MTLA |
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===Purpose of the Standard Offer Agreement=== | ===Purpose of the Standard Offer Agreement=== | ||
1. This document establishes the standard for the use of | 1. This document establishes the standard for the use of time tokens within the legal framework of the Montelibero Association. | ||
2. The Standard Offer Agreement may be amended by the decision of the Association Council and is used as the default recommended option. | 2. The Standard Offer Agreement may be amended by the decision of the Association Council and is used as the default recommended option. | ||
=== | ===Time Tokens=== | ||
3. Personal tokens are obligations of their creator ( | 3. Personal time tokens are obligations of their creator (Issuer) to provide working time for tasks that are acceptable to them and required by the token Holder acting as the client. | ||
4. The standard ratio is 1 | 4. The standard ratio is 1 time token = 1 hour of the Issuer’s dedicated working time. | ||
5. The | 5. The Issuer must maintain up-to-date information about their specialization and preferred types of work through the BSN platform using the "About" tag. | ||
===Token Circulation=== | ===Token Circulation=== | ||
6. The price of | 6. The price of time tokens is determined freely by the market. Token Issuers and Holders may exchange them for any assets by mutual agreement. | ||
7. | 7. Time tokens can be freely transferred between the token economy participants. | ||
===Token Redemption=== | ===Token Redemption=== | ||
8. Sending | 8. Sending time tokens to the issuance address by the Holder constitutes their redemption. | ||
9. Upon redemption, the | 9. Upon redemption, the Holder confirms that all work associated with the tokens has been completed and that they have no claims against the Issuer. After redemption, any claims regarding the quality or scope of work are considered void, except in specific warranty cases. | ||
===Refusal to Perform Work=== | ===Refusal to Perform Work=== | ||
10. The | 10. The Issuer has the right to refuse to perform the work without explanation. In such cases, they are obligated to buy back time tokens at a price not lower than 50% of the current price of the primary sale by the Issuer. | ||
===Family Tokens=== | ===Family Tokens=== | ||
11. Family tokens operate under the same principles as personal tokens but are issued from a family account. | 11. Family time tokens operate under the same principles as personal time tokens but are issued from a family account. | ||
===Application of the Standard Offer Agreement=== | ===Application of the Standard Offer Agreement=== | ||
12. The offer applies to all personal and family tokens with a trust line open at the Montelibero Association account, provided the | 12. The offer applies to all personal and family time tokens with a trust line open at the Montelibero Association account, provided the Issuer is an individual or a family, a verified participant of the Association, and has not created their own Offer Agreement. | ||
13. For legal clarity, it is recommended to indicate acceptance of this offer with a special tag in the BSN. In case of conflicting interpretations between Offer Agreements, priority is given to the latest version. | 13. For legal clarity, it is recommended to indicate acceptance of this offer with a special tag in the BSN. In case of conflicting interpretations between Offer Agreements, priority is given to the latest version. | ||
14. | 14. Time token Holders who acquired tokens before changes to the Offer Agreement have the right to request the application of the previous version of the terms for the tokens purchased during its validity period. | ||
[[ru:Стандартная оферта | [[ru:Стандартная оферта часовых токенов МТЛА]] | ||
Revision as of 16:54, 28 December 2024
Purpose of the Standard Offer Agreement
1. This document establishes the standard for the use of time tokens within the legal framework of the Montelibero Association.
2. The Standard Offer Agreement may be amended by the decision of the Association Council and is used as the default recommended option.
Time Tokens
3. Personal time tokens are obligations of their creator (Issuer) to provide working time for tasks that are acceptable to them and required by the token Holder acting as the client.
4. The standard ratio is 1 time token = 1 hour of the Issuer’s dedicated working time.
5. The Issuer must maintain up-to-date information about their specialization and preferred types of work through the BSN platform using the "About" tag.
Token Circulation
6. The price of time tokens is determined freely by the market. Token Issuers and Holders may exchange them for any assets by mutual agreement.
7. Time tokens can be freely transferred between the token economy participants.
Token Redemption
8. Sending time tokens to the issuance address by the Holder constitutes their redemption.
9. Upon redemption, the Holder confirms that all work associated with the tokens has been completed and that they have no claims against the Issuer. After redemption, any claims regarding the quality or scope of work are considered void, except in specific warranty cases.
Refusal to Perform Work
10. The Issuer has the right to refuse to perform the work without explanation. In such cases, they are obligated to buy back time tokens at a price not lower than 50% of the current price of the primary sale by the Issuer.
Family Tokens
11. Family time tokens operate under the same principles as personal time tokens but are issued from a family account.
Application of the Standard Offer Agreement
12. The offer applies to all personal and family time tokens with a trust line open at the Montelibero Association account, provided the Issuer is an individual or a family, a verified participant of the Association, and has not created their own Offer Agreement.
13. For legal clarity, it is recommended to indicate acceptance of this offer with a special tag in the BSN. In case of conflicting interpretations between Offer Agreements, priority is given to the latest version.
14. Time token Holders who acquired tokens before changes to the Offer Agreement have the right to request the application of the previous version of the terms for the tokens purchased during its validity period.