Standard Offer Agreement for Personal Tokens of the MTLA

Purpose of the Standard Offer Agreement

1. This document establishes the standard for the use of personal 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.

Personal Tokens

3. Personal 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 personal 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 personal tokens is determined freely by the market. Issuers and token holders may exchange them for any assets by mutual agreement.

7. Personal tokens can be freely transferred between the token economy participants.

Token Redemption

8. Sending personal 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 personal tokens at a price not lower than 50% of the current price of the primary sale by the issuer.

Family Tokens

11. Family tokens operate under the same principles as personal tokens but are issued from a family account.

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 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. 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.