Terms & Conditions

Last Updated: January 2025

LEGAL DISCLAIMER FOR BANANIUM

Information contained in this document is not intended as professional, legal, financial, or investment advice. Users should conduct their own research before participating. We reserve the right to modify this disclaimer at any time at our sole discretion. Continued use of the Bananium platform after such modifications constitutes acceptance of the new terms.

1. Nature of the Project

Bananium is a satirical, experimental blockchain-based entertainment platform designed for parody and humor. All content, including mechanics, characters, and tokens, is intended solely for entertainment. Nothing herein constitutes financial, legal, or investment advice.

2. Acceptance of Terms

By accessing and using the Bananium platform, you acknowledge that you have read, understood, and agree to be bound by these Terms & Conditions. If you do not agree with any part of these terms, you must not access or use our platform.

3. Definitions

In these terms, the following definitions apply:

  • "Platform" refers to the Bananium website, game, and associated services.
  • "Season" refers to a 2-month competitive phase with weekly tournaments leading to a grand finale.
  • "Training Ground" refers to skill-based mini-games that influence fighter performance in tournaments.
  • "Colosseum" refers to the arena where weekly automated battles take place every Sunday.
  • "Fighter" refers to one of 147 unique character types that represent squads of NFT holders.
  • "Squad" refers to approximately 30 NFT holders who share the same character type.
  • "NFT" refers to non-fungible tokens that represent your fighter and grant access to the game.
  • "$POT" refers to Bananium's cryptocurrency token with no in-game utility.
  • "AI Agents" refers to the artificial intelligence personalities that live on social media.
  • "Reward Pool" refers to the prize fund allocated from 15% of mint proceeds.
  • "Smart Contract" refers to self-executing contracts with terms written into blockchain code.

4. Age Restriction & User Eligibility

Participation is restricted to individuals 18 years or older. By engaging, you confirm compliance with this age requirement. You must also confirm that you are not a resident, citizen, or entity located in any restricted jurisdiction as outlined in Section 18.

5. Source of Funds & Account Registration

All funds used must originate from lawful sources. Suspicious or illicit activity may result in investigation and legal action. To use the platform, you may need to connect a blockchain wallet. You are responsible for maintaining the security of your wallet and any connected accounts. You agree to:

  • Provide accurate and complete information when connecting your wallet
  • Maintain the security of your wallet's private keys and seed phrases
  • Promptly notify us of any unauthorized access to your account or other security breaches
  • Take responsibility for all activities that occur under your account
  • Ensure all funds used originate from lawful, legitimate sources

6. Game Structure & Rules

Bananium operates through seasonal tournaments where 147 unique fighters (representing squads of NFT holders) compete in weekly battles every Sunday. The game structure includes:

  • Seasons: Each season lasts 2 months with weekly tournaments and a grand finale
  • Weekly Flow: Sunday battles in the Colosseum, followed by Monday Training Ground activities
  • Squad System: Each of the 147 unique fighters represents approximately 30 NFT holders
  • Training Ground: Skill-based mini-games where team performance affects fighter stats
  • AI Social Layer: Characters have autonomous Twitter accounts with unique personalities
  • Players must own at least one NFT to participate in tournaments
  • Prize distributions are governed by smart contracts and determined by tournament performance
  • We reserve the right to modify game rules, mechanics, and reward structures
  • Manipulation, fraud, bots, or exploitation may result in immediate termination and forfeiture of assets

7. Digital Assets, NFTs & $POT Token

Bananium incorporates blockchain technology, NFTs, and the $POT cryptocurrency token. The following terms apply:

  • NFT Supply: Limited to 4,444 fighters for Season 1
  • NFT Function: Each NFT grants access to the game and represents your fighter's identity
  • $POT Token: A cryptocurrency issued under the Bananium IP with no in-game utility
  • No Investment Guarantees: $POT is not an investment instrument or security
  • No Redemption: $POT cannot be redeemed with Bananium for fiat, prizes, or benefits
  • Ownership of an NFT is recorded on the blockchain and represents access rights
  • We grant you a limited, non-exclusive license to use digital assets within the platform
  • Digital asset appearance and utility may change as the game evolves
  • We do not guarantee the value, rarity, or utility of any digital asset
  • Blockchain transactions are irreversible; we cannot recover lost assets due to user error

8. Mint Funds, Fees & Financial Structure

Bananium operates with a transparent financial structure regarding NFT mints and fees:

  • Mint Price: 1 SOL per NFT, maximum 20 NFTs per wallet
  • Revenue Classification: NFT mint proceeds are classified as company revenue
  • Reward Pool: 15% of mint funds allocated to Training Ground and Colosseum prizes
  • No Profit Sharing: Participation does not entitle holders to dividends or revenue shares
  • Prize Pool Scaling: Pool scales proportionally with actual mint revenue
  • Tax Obligations: Users are solely responsible for reporting and paying all taxes
  • All purchases are final and non-refundable
  • Blockchain transactions incur network fees not controlled by us
  • Prices of digital assets are subject to change without notice
  • Payment methods and currencies accepted may change over time

9. Intellectual Property

All content on the platform, including but not limited to text, graphics, logos, icons, images, audio clips, digital downloads, and software, is the property of Bananium or its content suppliers and is protected by international copyright, trademark, and other intellectual property laws.

We grant you a limited, non-exclusive, non-transferable, revocable license to use the platform for its intended purposes. You may not:

  • Modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any content obtained from the platform
  • Use the platform or its content for any commercial purpose without our prior written consent
  • Decompile, reverse engineer, disassemble, or otherwise attempt to derive source code from the platform
  • Remove any copyright, trademark, or other proprietary notices from the platform or its content

10. User Conduct

When using the platform, you agree not to:

  • Violate any applicable laws or regulations
  • Infringe upon the rights of others
  • Use the platform to transmit any harmful code or malware
  • Attempt to gain unauthorized access to any part of the platform
  • Interfere with or disrupt the platform or servers connected to it
  • Use automated scripts or bots to access or interact with the platform
  • Engage in any behavior that could harm other users or the platform itself

11. Risk Acknowledgement & Disclosure

Participation involves significant risks including:

  • Market Volatility: Potential loss of funds due to cryptocurrency price fluctuations
  • NFT/Token Loss: Risk of loss due to user error, hacks, or smart contract bugs
  • Satirical Content: Exposure to satirical or potentially offensive humor
  • Regulatory Risk: Changes in laws may affect platform operations and asset values
  • Technical Risk: Smart contracts may contain bugs or vulnerabilities
  • Access Risk: Your ability to access assets depends on blockchain availability and wallet security
  • Platform Risk: Service interruptions, security breaches, or technical issues may occur
  • By engaging, you expressly assume these risks

12. Limitation of Liability

To the maximum extent permitted by law, Bananium and its affiliates shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, use, or goodwill, arising out of or in connection with these terms or your use of the platform.

To the maximum extent permitted by law, we shall not be liable for any claims relating to these terms or the platform.

13. Indemnification

You agree to indemnify, defend, and hold harmless Bananium and its affiliates, officers, directors, employees, agents, licensors, and suppliers from and against all losses, expenses, damages, and costs, including reasonable attorneys' fees, resulting from any violation of these terms or any activity related to your account.

14. Modifications to Terms

We reserve the right to modify these terms at any time. We will provide notice of significant changes by posting the new terms on the platform. Your continued use of the platform after such changes constitutes your acceptance of the modified terms.

15. Termination

We may terminate or suspend your access to the platform immediately, without prior notice or liability, for any reason, including breach of these terms. Upon termination, your right to use the platform will immediately cease.

16. Jurisdictional Compliance & Governing Law

Participants are solely responsible for determining whether their interaction with Bananium complies with applicable laws in their jurisdiction. The platform makes no representation that it is lawful in all regions. These terms shall be governed by and construed in accordance with applicable laws, without regard to conflict of law provisions.

17. Project Continuity & Prize Adjustments

Launch Guarantee: Season 1 will proceed regardless of mint completion. Prize Pool Scaling: 15% of mint revenue is allocated to Training Ground and Colosseum prize pools. The pool scales proportionally with actual mint revenue (e.g., 50% minted = 50% of the 15% allocation). Skill-Based Justification: Rewards tied to Colosseum performance remain legally compliant, as Training Ground events (which are skill-based) influence player stats and directly improve competitive outcomes. Unminted NFTs may be burned, airdropped, or repurposed at the team's discretion.

18. Restricted Jurisdictions

Participation is prohibited for residents, citizens, or entities located in: Afghanistan, Algeria, Andorra, Argentina, Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Brunei, Bulgaria, Cambodia, Canada, Chile, China, Colombia, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Japan, Jordan, Kenya, Kosovo, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macau, Malaysia, Malta, Mexico, Moldova, Monaco, Montenegro, Morocco, Myanmar (Burma), Nepal, Netherlands, New Zealand, Nigeria, North Korea (DPRK), North Macedonia, Norway, Oman, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sudan & South Sudan, Sweden, Switzerland, Syria, Taiwan, Thailand, Tunisia, Turkey, United Kingdom, Vatican City, Venezuela, Yemen, Crimea (Ukraine), Donetsk People's Republic (Ukraine), Luhansk People's Republic (Ukraine), Sevastopol (Ukraine), United Arab Emirates (UAE) outside Dubai's VARA sandbox, as well as any other jurisdiction where skill-based competitions with prizes are restricted or unlawful.

Additionally, participation is prohibited for residents of the following U.S. states: Arizona, Louisiana, Montana, Nevada, Washington, Hawaii, Idaho, Alaska, Tennessee, Arkansas, and South Dakota.

Bananium reserves the right to block access to prohibited users, and any attempt to circumvent these restrictions through VPNs, proxies, or other masking technologies is strictly prohibited and at the user's own risk.

19. Community Conduct

Prohibited Behavior: Hate speech, harassment, extremism, illegal activities. Enforcement: Violators may be banned at the team's discretion without warning.

20. Governance Clarification

NFT or $POT ownership does not grant governance, voting, or decision-making rights. The project is not a DAO. All decisions remain with the development team.

21. No Warranties & Limitation of Liability

Bananium is provided "as is" without warranties of any kind. The team, affiliates, and contributors are not liable for losses, damages, or regulatory consequences arising from participation.

22. Dispute Resolution

All disputes shall be resolved through binding arbitration. Class actions and jury trials are waived.

23. Amendments

We may update these Terms at any time. Continued use constitutes acceptance of modified terms.

24. Severability

If any provision of these terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that the terms will otherwise remain in full force and effect and enforceable.

25. Privacy Policy

Please refer to our Privacy Policy for information about how we collect, use, and disclose information about you.

26. Contact Us

For inquiries about these Terms & Conditions, please contact us through our Contact page.

By participating in Bananium, you affirm that you have read, understood, and irrevocably agreed to all terms outlined above.