Terms of Use

1. Introduction, the Operator and these Terms

1.1 These Terms of Use (the "Terms") govern your access to and use of the PlusMore DeFi Protocol (the "Protocol"), including its gift-card marketplace, its USDC staking facility, its daily claim feature, the web and application interfaces at plusmore.xyz and any related sub-domain (the "Interface"), and the associated smart contracts deployed on the Base network (together, the "Services").

1.2 The Interface is operated by TYMOSCH UK LIMITED, a BVI Business Company incorporated in the British Virgin Islands on 13 July 2006 with company number 1039346, whose registered office is at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands, trading as "PlusMore" (the "Company", "PlusMore", "we", "us" or "our"). The Company is also the issuer of the PLUS utility token (in that capacity, the "Issuer"). The Company is a separate legal entity from the platform's original developer, from whom it holds the intellectual-property rights described in clause 26.

1.3 By accessing or using any Service, connecting a wallet, buying a gift card, staking, claiming, or clicking to accept, you agree to be bound by these Terms and by any feature-specific notices, published parameters, on-chain proofs and audit materials referenced in these Terms. If you do not agree, you must not use the Services. These Terms are a binding agreement between you and the Company.

1.4 These Terms include important provisions that limit our liability, require individual arbitration and waive class actions (clauses 30 to 33 and 39), and require you to assume the risks of the Services (clauses 22 and 23). Please read them carefully.

2. Definitions and interpretation

2.1 In these Terms: "Base" is the Base layer-2 blockchain; "Gift Card" or "Voucher" is a closed-loop digital gift card made available through the Marketplace; "Marketplace" is the gift-card purchase feature; "PLUS" is the PLUS utility token in clause 9; "USDC" is the USD Coin stablecoin on Base; "Wallet" is a self-custodial blockchain wallet you control; "Smart Contracts" are the on-chain programs in Schedule 3; "Staking" is participation in the revenue-share pools in clause 15; "Claim" is the daily gift in clause 18; and "Digital Assets" means PLUS, USDC and any other blockchain-based asset.

2.2 Headings are for convenience only. "Including" means "including without limitation". References to legislation are to that legislation as amended. The singular includes the plural. Any example is illustrative and not exhaustive.

3. The Interface, the autonomous Protocol and the Company's limited role

3.1 The Protocol consists of autonomous, self-executing Smart Contracts deployed on a public, permissionless blockchain that the Company does not own or control. Once deployed, the Smart Contracts operate automatically according to their code. They would continue to function independently of the Interface and of the Company.

3.2 The Company provides only the Interface, a convenience tool that helps you form and submit your own transactions to the Smart Contracts from your own Wallet. The Company does not execute transactions for you, does not operate the Protocol, does not take custody, and does not act as an intermediary, counterparty, broker, dealer, exchange, custodian or money-services business in respect of your Digital Assets. When you transact, you interact directly with the Smart Contracts and the blockchain; the Company is not a party to that transaction.

3.3 The Company may restrict, modify or discontinue the Interface at any time without affecting the Smart Contracts, which will continue to operate. The unavailability of the Interface does not deprive you of your ability to interact with the Smart Contracts directly.

4. Acceptance and electronic agreement

4.1 You confirm that you are at least 18 years old and have full legal capacity to enter into these Terms, and that you are acting on your own behalf and not for any undisclosed principal.

4.2 You agree that connecting a Wallet, signing a message, submitting a transaction or clicking to accept constitutes your electronic signature and binding acceptance of these Terms, and that these Terms satisfy any requirement that an agreement be in writing.

5. Eligibility, Restricted Persons and Prohibited Jurisdictions

5.1 Marketplace and Claim are open to all. The Gift Card Marketplace is a shop for closed-loop gift cards, open to any person able lawfully to use it; the Claim is a gift open to eligible participants (clause 18). Neither requires staking.

5.2 Staking is restricted. The USDC staking Services are not offered to, and must not be accessed by, any "Restricted Person", meaning any person who is located in, ordinarily resident in, incorporated in, or a citizen or national of the United States or the United Kingdom, or any jurisdiction in Schedule 2.

5.3 Prohibited Persons (all Services). No Service may be accessed by any "Prohibited Person", meaning any person who is (a) the subject of, or owned or controlled by a person subject to, sanctions administered by the United Nations, the United States (including OFAC), the United Kingdom, the European Union, or the British Virgin Islands; (b) located in, ordinarily resident in, or organised under the laws of a comprehensively sanctioned country or territory; (c) on any relevant sanctions, denied-party or terrorism list; or (d) acting for the benefit of any such person.

5.4 Your representations. By using any Service you represent and warrant, on each occasion, that you are not a Prohibited Person, that you are not a Restricted Person in respect of any restricted Service you use, and that your use is lawful in every jurisdiction that applies to you.

5.5 Enforcement. Access controls may include IP-based geo-blocking, a terms attestation at deposit, on-chain wallet screening and denial of deposit permits. These controls are not exhaustive, and their existence does not make any use lawful where it is not. Circumventing or attempting to circumvent them (including by VPN, proxy, false attestation or a proxy Wallet) is a material breach and is at your sole risk.

5.6 It is your responsibility to know and comply with the laws that apply to you. Availability of a Service in a location is not a representation that it is lawful there.

6. Nature of the Services: non-custodial, autonomous, code-governed

6.1 The Services are self-custodial, code-governed technology. The Company never holds, controls, directs or has access to your Digital Assets, your Gift Cards, your rewards, your Wallet or your keys, at any time. There is no account with the Company; your Wallet is your account.

6.2 The economic behaviour of the Services (pricing, the reward split, exits, fees, caps and the discount curve) is determined by the Smart Contracts and the published parameters, and executes automatically. Because the Services are governed by code and run on a public blockchain the Company does not control, the Company cannot reverse, alter, cancel, freeze, recover or otherwise interfere with any transaction, asset or Voucher once submitted to or executed by the Smart Contracts or the network.

6.3 The Company is not a bank, deposit-taker, e-money issuer, payment institution, money-services business, exchange, broker-dealer, investment firm, fund, custodian, wallet provider or virtual-asset service provider, and does not hold itself out as any of these. The Services are not banking, deposit, investment, custody, exchange, lending or payment services.

7. On-chain governance and the 48-hour timelock

7.1 The core of the Protocol is immutable: it cannot be upgraded, paused to trap funds, or changed to add a power to move or seize staked principal. Certain non-core parameters are adjustable within fixed on-chain bounds.

7.2 Every privileged parameter change is subject to a public on-chain timelock of 48 hours. A proposed change is announced on-chain and cannot take effect until the timelock elapses, giving stakers advance, verifiable notice and the opportunity to exit before it applies. No administrator, and no compromised key, can enact a change instantly.

7.3 Hard limits are fixed in the Smart Contracts and cannot be breached even by a change through the timelock, including that the exit door cannot be driven below the fixed instant-exit floor, so that principal is not trapped by any parameter change. The current governance controllers, bounds and any community or stakeholder rights in respect of proposals are as published in the Protocol and Schedule 1. Governance participation, where offered, is a technical feature and does not create any partnership, agency or entitlement.

8. Transparency, sustainability and self-funding

8.1 The Protocol is designed to be transparent, self-funding and sustainable. Rewards are funded solely by realised margin on real gift-card sales, not by the creation or emission of new tokens, and not by capital contributed by later participants. A signed daily proof of sales and solvency is published on-chain, and the deployed Smart Contracts are public and independently reviewed and audited for verification (Schedule 3), so that any person may inspect exactly how the system behaves.

8.2 These statements describe the Protocol's design and are not a promise as to outcome, yield, solvency or continuity. Sustainability depends on real sales, which are variable and may cease.

9. The PLUS utility token

9.1 PLUS is a utility token: the native utility coin of the Protocol and an access and consumption mechanism. Its function is to unlock the discounted, wholesale-linked gift-card pricing the Protocol passes through: a holder who applies PLUS in the Marketplace obtains gift cards at a discount, and a person who does not hold or apply PLUS obtains them at ordinary full price. PLUS is consumed for that access and discount benefit. It is not money, legal tender, currency or a store of monetary value, and it is not designed, offered or marketed as a means of transmitting value between users.

9.2 PLUS is not, and is not intended or represented to be: (a) a security, share, unit, debenture, bond, note, derivative or other investment or financial instrument; (b) a representation of any equity, debt, ownership, governance, voting, dividend, profit-share, revenue or income right in the Issuer or any person; (c) a deposit, e-money, electronic-money token, asset-referenced token, stablecoin, currency, or claim on the Issuer for money; or (d) a managed or pooled investment. Holding PLUS confers no investment right and no expectation of profit derived from the efforts of the Issuer or any other person.

9.3 The Issuer acts solely as issuer of the token. It does not provide custody, exchange, brokerage, redemption, settlement, safekeeping, administration, transfer or payment services for PLUS or any Digital Asset, and provides no financial service relating to PLUS. Any consumptive utility obtained through PLUS (such as merchant-funded discounts) is delivered by operating partners and suppliers, not by the Issuer.

9.4 The market price of PLUS, if any, is set by third-party markets outside the Company's control and may be volatile or zero. The Company makes no representation, promise, projection or assurance as to the value, liquidity, price or performance of PLUS, and nothing in the Protocol is designed to, or should be understood to, promise, support or manipulate any token price.

9.5 No holding-out. Neither the Company nor the Issuer carries on, or holds itself out as carrying on, any investment business or any virtual-asset service. Nothing in the Services, these Terms, the Interface or any communication is intended to represent, or should be read as representing, that PLUS is an investment or a security, that acquiring PLUS carries any expectation of profit, yield or return, or that the Issuer conducts investment business or acts as a virtual-asset service provider, custodian, exchange or dealer. Where any statement could be read to the contrary, this clause prevails.

9.6 How PLUS is acquired; staking is separate. The Issuer does not sell PLUS to you through the Services as a means of earning a return, and does not offer PLUS with any expectation of profit, yield or income. A person who wishes to use PLUS for its consumptive utility acquires it, if at all, either as a free gift through the Claim (clause 18) or on independent third-party markets that have been established by, and are used by, persons internationally, and that are not created, operated, seeded, funded or controlled by the Issuer or its affiliates. Staking (clauses 15 and 16) is undertaken principally with USDC, which functions as gift-card float; the associated rewards are a variable revenue-share for providing that float, and are not interest, a deposit return, or a return on acquiring or holding PLUS.

10. Regulatory status; no authorisation; no advice

10.1 The Company is incorporated in, and operates the Interface from, the British Virgin Islands. It is not authorised, licensed or regulated by the UK Financial Conduct Authority, the European Securities and Markets Authority or any EU competent authority, the U.S. Securities and Exchange Commission or Commodity Futures Trading Commission, or any other financial regulator, and it does not represent that it is. The Services are provided on the basis that no such authorisation is required for what the Company does.

10.2 The Company's position, taken on the basis of legal advice obtained in respect of the token (summarised in clause 43), is that: (a) PLUS is not an "investment" under the BVI Securities and Investment Business Act, and the Issuer's issuance of PLUS is not a "virtual asset service provider" activity under the BVI Virtual Assets Service Providers Act; (b) PLUS is not a "specified investment", "security" or "e-money" under the laws of the United Kingdom, and the Services are not a regulated activity carried on in the United Kingdom; (c) PLUS is not a "financial instrument" or "transferable security" under EU law, and is not an "asset-referenced token", "e-money token" or a crypto-asset the offering of or services in respect of which require authorisation under the EU Markets in Crypto-Assets Regulation; and (d) PLUS is not offered or sold as, and is not, a "security" under U.S. federal or state law, including because there is no investment of money in a common enterprise with an expectation of profit derived from the efforts of others.

10.3 These statements are the Company's position and its reasons for concluding that it does not require authorisation. They are not, and must not be relied on as, legal, financial, tax or investment advice to you, and are not a representation of the law of any jurisdiction that applies to you. Regulatory characterisation can differ by jurisdiction and can change. You are responsible for your own legal and tax position.

10.4 European Union (MiCA). The Company provides only informational materials and an optional, non-custodial Interface to the autonomous Protocol. It does not take custody of, administer, hold, control or exercise discretion over any user's Digital Assets; does not operate a trading platform; does not execute, receive or transmit orders; does not exchange Digital Assets for funds or for other Digital Assets on any user's behalf; and does not provide advice or portfolio management. The Company does not thereby provide any crypto-asset service within the meaning of Article 3 of Regulation (EU) 2023/1114 (MiCA), and to the extent any function of the Protocol operates in a fully decentralised manner without any intermediary, the parties understand that function to fall outside the scope of that Regulation consistent with its Recital 22. PLUS references no asset, basket of assets or official currency and does not seek to maintain a stable value, and is accordingly neither an asset-referenced token nor an e-money token. PLUS confers no ownership, equity, debt, dividend, profit share, distribution or redemption right, is not part of a class of securities, is not an instrument of payment and is not intended to be negotiable on a capital market, and the parties consider that it is not a transferable security or other financial instrument within the meaning of Directive 2014/65/EU (MiFID II).

10.5 No offer to the public in the European Union. Nothing published by the Company constitutes an offer of crypto-assets to the public requiring the publication of a crypto-asset white paper under Title II of MiCA. To the extent PLUS is made available within the European Union, it is made available only in reliance on one or more exemptions in Article 4 of MiCA, including where availability is directed at fewer than 150 persons per Member State, where the total consideration does not exceed one million euro over any twelve-month period, where availability is directed solely at qualified investors, where the token is offered without consideration or distributed as a reward for the maintenance of a distributed ledger or the validation of transactions, or where the token gives access to a good or service that already exists or is in operation.

10.6 United States. The staking Services, and any offer or sale of PLUS, are not made available to any US Person (as defined in Regulation S under the US Securities Act of 1933, as amended), and staking access from the United States and by US Persons is restricted under clause 5 and Schedule 2. The Gift Card Marketplace and the Claim remain open in accordance with clause 5.1. No offer or sale of PLUS is made to any person in the United States; any offer or sale is intended to occur only in an offshore transaction with no directed selling efforts in the United States within the meaning of Regulation S. No arrangement described in these Terms is offered as a security or an investment contract: any rewards associated with staking USDC derive from realised margin on gift-card sales distributed by autonomous code, and not from the managerial or entrepreneurial efforts of the Company or any other person, and each user retains control of their own Digital Assets on a non-custodial basis. The Company does not accept, hold, control or transmit any user's Digital Assets or other value that substitutes for currency, provides only non-custodial software by which users transact on their own behalf, and does not thereby act as a money transmitter or money-services business under the US Bank Secrecy Act and its implementing regulations, or require money-transmission licensing under applicable US state law.

11. No financial promotion, offer, solicitation or inducement

11.1 Nothing in the Interface, the Services or these Terms is, or is intended to be, a financial promotion, an inducement or invitation to engage in investment activity, an offer or solicitation to buy, sell, subscribe for or deal in any security, fund interest or financial instrument, or an offer of any regulated product or service, in the United Kingdom, the European Union, the United States or any other jurisdiction.

11.2 Information in the Services is provided for general information only. Any figure, historical rate, illustration, calculator or what-if output is based on past or hypothetical data, is not a promise, forecast, projection or assurance, and must not be relied upon as an indication of future results. Past performance is not indicative of future performance.

11.3 United Kingdom. The staking Services, and any financial promotion or offer of PLUS relating to them, are not directed at, and are not made available to, any person located in, resident in or accessing them from the United Kingdom, and staking access from the United Kingdom is restricted under clause 5 and Schedule 2. The Gift Card Marketplace and the Claim remain open in accordance with clause 5.1. Nothing on the Company's websites, interfaces or communications is intended to be, or should be construed as, an invitation or inducement to engage in investment activity communicated in the course of business to any person in the United Kingdom for the purposes of section 21 of the Financial Services and Markets Act 2000. No such communication has been made or approved by an authorised person, and the Company does not rely on any such communication being lawful in the United Kingdom. A person who accesses the Services in breach of these restrictions does so on their own initiative and is solely responsible for compliance with the law that applies to them.

12. Not a collective investment scheme, fund or pooled investment

12.1 Staking is participation in an on-chain, rules-based revenue-share mechanism operated by autonomous Smart Contracts. It is not a collective investment scheme, alternative investment fund, mutual fund, managed account or pooled investment, and there is no manager, operator, depositary or promoter carrying on a regulated fund activity. You retain control of your own assets at all times, participate directly through your own Wallet, and no one manages your money on your behalf or exercises discretion over it.

12.2 United Kingdom (collective investment schemes). The staking arrangements are self-directed and non-custodial: each user at all times retains control of their own Digital Assets, and the Company exercises no discretionary management over any user's Digital Assets and manages no property as a whole on behalf of participants. These Terms are not intended to create, and shall not be construed to create, any arrangement with respect to property the purpose or effect of which is to enable participants to participate in or receive profits or income within the meaning of section 235 of the Financial Services and Markets Act 2000; and any arrangement in respect of qualifying cryptoasset staking is in any event excluded from the definition of a collective investment scheme under that Act. The Company carries on no regulated activity by way of business in the United Kingdom.

13. The Gift Card Marketplace

13.1 The Marketplace is a shop: it lets you obtain closed-loop digital Gift Cards from brands by swapping PLUS for them, so users can benefit directly from suppliers' wholesale rates, with any saving passed through transparently rather than captured by an intermediary. It is not a custodian, wallet, exchange or money service.

13.2 Gift Cards are closed-loop: redeemable only with the issuing brand or its network, subject to that brand's own terms (value, region, expiry), and cannot be redeemed for cash by the Company. Once a Voucher code is revealed, the purchase is final and non-refundable.

13.3 No legal attachment to the Gift Cards. The Company facilitates the sale only. The Gift Card is a product of, and a legal relationship between you and, the issuing brand or its authorised distributor. The Company is not the issuer of the Gift Card, is not a party to it, gives no warranty as to it, and has no obligation or liability for the brand honouring, value, availability or terms of the Voucher.

13.4 Brands, regions, denominations, availability and discounts are variable and depend on supplier stock and pricing; a shown discount is indicative and may change or become unavailable before purchase. Purchases are fulfilled from supplier float; where a purchase cannot be fulfilled, the Protocol is designed to return your escrowed PLUS. You are responsible for selecting the correct brand, amount, region and currency, and for the tax and legal treatment of your purchase and use of any Gift Card.

13.5 Immediate performance; digital content. A Gift Card is digital content supplied electronically. By purchasing and choosing to reveal a Voucher code, you request immediate performance and acknowledge that, to the extent any statutory right of withdrawal, cancellation or cooling-off would otherwise apply to a purchase of digital content, that right is lost once supply has begun with your consent. This clause does not affect any mandatory consumer right that cannot lawfully be excluded.

14. Identity, KYC, AML and sanctions

14.1 KYC is not required to buy ordinary Gift Cards through the Marketplace, consistent with its non-custodial, retail nature.

14.2 KYC may be required in specific cases, whether by the Company, an operating partner or the relevant supplier, including for: (a) wallets exhibiting high-usage, high-value or patterns warranting review; (b) purchases of cash-equivalent or open-loop products, or any product a supplier treats as cash-equivalent; and (c) where required by a supplier, partner or applicable law. Certain suppliers operate their own KYC and may decline or condition fulfilment; that verification is a matter between you and the supplier.

14.3 Sanctions and financial-crime controls apply at all times. Notwithstanding that the Issuer's token issuance is not treated as a licensed activity, all persons are subject to anti-money-laundering, counter-terrorist-financing, proceeds-of-crime and sanctions laws. You must not use the Services if you are a Prohibited Person or would cause the Company or any partner to breach sanctions or facilitate financial crime. We may screen Wallets and refuse, pause, block or unwind interactions to comply, and may make any disclosure required by law.

15. USDC staking

15.1 USDC stakers fund the gift-card float and share in the realised margin on gift-card sales. A further share of that margin funds a cashback rebate for gift-card buyers. Both are funded by real sales, not by new tokens.

15.2 Staking is not a deposit and carries no promised return. Staking is participation in a variable revenue-share pool. It is not a deposit, not a loan to the Company, not interest, and carries no fixed, assured or promised return. Rewards are variable, depend on actual sales, and may be zero in any period. No fixed rate is offered. Any historical figure is a report of past activity, not a forecast, promise or projection.

15.3 Your staked USDC functions as gift-card float and is recorded and executed on-chain. A minimum deposit and a capacity cap apply, as published in Schedule 1 and enforced on-chain. The cap recalculates from recent proven sales; if sales fall, new deposits may pause and the pool shrinks only through ordinary, voluntary exits, never forced ones.

15.4 No deposit protection or compensation scheme. Staking is not a bank deposit or electronic money and is not protected by any deposit-protection, investor-compensation or similar scheme, including the UK Financial Services Compensation Scheme or any equivalent in any jurisdiction. No government, central bank or public authority insures, backs or stands behind your Digital Assets, rewards or Vouchers. You may lose some or all of the value you commit, and your recourse is limited to the autonomous operation of the Smart Contracts.

16. Rewards, payouts and the daily split

16.1 Each day, realised margin on gift-card sales is split according to the published parameters between USDC stakers and the gift-card buyer cashback pool. Nothing in this split is paid to the Company; the split is fixed in the Smart Contracts and visible on-chain.

16.2 USDC-side rewards are paid in USDC by default, or in PLUS if you choose, at payout time. Rewards derive solely from realised margin on gift-card sales and from no other source; there is no yield other than that generated by selling gift cards at a margin. Zero values reflect the absence of sales or activity, not a defect.

17. Exits, cooldowns, caps and fees

17.1 A free exit begins a cooldown (as published, currently 30 days), subject to a rolling exit window sized from recent sales. A fast exit shortens the wait (currently to 24 hours) for a fee routed on-chain to remaining stakers, reflecting the real cost of withdrawing float early. An instant-exit floor is always available and cannot be reduced below the level fixed in the Smart Contract, so principal can never be trapped by any party. Important liquidity disclosure: because your USDC is deployed as real gift card float, this is a real world asset liquidity profile, not instant or anytime full withdrawal. The exit window is sized from recent sales and is shared by all leavers, so a large position may take several successive windows to withdraw in full (at the current cap, a limited percentage of the window per cooldown, which can mean a period of months for a very large stake), and full liquidity depends on float returning from suppliers. Only the fixed instant-exit floor is immediately available at all times. These terms are fixed in the immutable contract and cannot be changed on you after you stake.

17.2 An early-claim fee decays over time (as published) and is routed on-chain to the staker pool; a fast-exit fee applies as published; redemptions of rewards as Gift Cards carry no such fee. All fee routing is visible on-chain. Network gas fees are payable by you to the network and are outside our control.

18. The Daily Claim (Good-Will Gift)

18.1 The Claim is a gift. Eligible participants may claim a small daily amount of PLUS that accrues while their Wallet is connected. It is a good-will gesture, is not a sale, is not paid for by you, and is provided for no consideration.

18.2 The Claim confers no entitlement, right, promise or assurance. Eligibility, the accrual rate, the amount and the continuation of the Claim may be limited, changed, paused or withdrawn at any time, with or without notice. The gift is funded from a pool that may be exhausted; if the pool is empty, payouts wait until it is replenished, and no payout is owed by the Company. Eligibility may be limited to wallets we designate (for example, wallets associated with holders of the legacy PLU token); reaching, connecting or claiming creates no right against the Company. The Claim is a gift for no consideration and is not an offer or sale of PLUS; it remains subject to the eligibility and sanctions limits in clause 5, and the Company may limit, condition or withhold it in any jurisdiction where making it available would be unlawful or inadvisable.

19. Levels, XP, rewards and promotional features

19.1 Experience points, levels, achievements and the gift-card reward levels are promotional loyalty features, provided at our discretion for engagement, and are not a contractual entitlement. Levels are climbed by your cumulative gift-card spend, and any reward is a consumption rebate that rewards buying and not holding. It is not interest, a dividend, a distribution on a security, or a return on an investment or deposit, and participating makes you neither a member, shareholder, lender nor investor in the Company or any affiliate.

19.2 The levels programme is in beta. Both the rules and the benefits (including reward rates, multipliers, caps, thresholds and mechanics) are subject to change, suspension or withdrawal at any time, with or without notice. Any reward is a variable, self-funding pro-rata share of a fixed pool funded from realised margin on gift-card sales: the total paid never exceeds the pool, and no rate is promised, assured or fixed. Any figure shown in a calculator or in marketing is illustrative only and is not an offer or an assurance of any rate. Promotional features never create an assured return and never affect the base reward mechanics of Staking, and a kill-switch may disable them at any time.

20. No entitlement; discretionary features; an evolving product

20.1 Except for your assets, which remain yours in your Wallet, nothing in the Services creates any vested right, entitlement, legitimate expectation or assurance in your favour. All features, rewards, discounts, gifts, perks, parameters, brands, availability and pricing are discretionary and may be added, reduced, changed, paused, migrated or removed at any time, and any prior treatment or figure creates no expectation of the same in future.

20.2 The Protocol is an evolving product under continuous development. It receives regular updates and its features and parameters change frequently. On-chain parameters change only through the timelock in clause 7; Interface and off-chain features may change at any time. Your continued use after any change constitutes acceptance of it.

21. Pricing and the role of PLUS

21.1 Gift-card pricing derives from live supplier and market data and the Protocol's published discount logic. Prices, discounts and PLUS/USD conversions are computed at the time of the relevant quote or order and may move between quote and settlement within a stated tolerance. PLUS is the utility token consumed to obtain the discounted pricing; you are responsible for holding sufficient PLUS and the network gas required to transact.

22. Assumption of risk; experimental technology

22.1 You acknowledge that blockchain networks, smart contracts, stablecoins and Digital Assets are novel, experimental and inherently risky, and that you use the Services entirely at your own risk. You represent that you have the necessary knowledge and experience to understand and evaluate the Services and their risks, and that you are financially able to bear a total loss.

22.2 You accept full responsibility for, and assume all risk of loss arising from, your use of the Services, including any loss caused by the operation, failure, exploit, bug or malfunction of the Smart Contracts or the network, notwithstanding any audit, and including any loss of Digital Assets, rewards or Vouchers. To the fullest extent permitted by law, the Company is not responsible for such loss (see clauses 30 and 31).

23. Risk factors

23.1 The risks of the Services include, without limitation:

(a) Smart-contract risk. The Services are governed by code that, although publicly reviewed and audited, may contain bugs, vulnerabilities or unexpected behaviour; audits reduce but do not remove this risk, and immutability means a flaw may be permanent.

(b) Blockchain and network risk. Congestion, outages, re-orgs, forks, validator or bridge failures, or protocol changes on Base or its infrastructure may delay, prevent or affect transactions, outside our control.

(c) Oracle and pricing risk. Pricing relies on on-chain oracles and market data that may diverge, be delayed or be manipulated, and may cause deposits, payouts or checkout to pause; pauses are safety features, not defaults.

(d) Stablecoin and token risk. USDC or any stablecoin may de-peg, be frozen by its issuer, or become illiquid; the price and liquidity of PLUS may be volatile and may fall to zero.

(e) Market and liquidity risk. Rewards are variable and may be zero; exit windows and caps may limit the timing of withdrawals; markets for Digital Assets may be illiquid.

(f) Irreversibility. Transactions and revealed Voucher codes are final and cannot be reversed by the Company.

(g) Wallet, key and security risk. Loss, theft, phishing or compromise of your Wallet, keys, device or approvals is your risk and cannot be remedied by the Company; malicious front-ends and fraud exist.

(h) Counterparty and supplier risk. Gift Cards depend on third-party brands and suppliers who may change terms, decline fulfilment or fail.

(i) Regulatory and legal risk. Laws affecting tokens, gift cards, stablecoins or decentralised services may change and may affect the availability, treatment or lawfulness of the Services in your location.

(j) Tax risk. The tax treatment of Digital Assets, staking, gifts and rewards is uncertain and varies by jurisdiction.

23.2 This list is not exhaustive. You are solely responsible for evaluating the Services before use.

24. No reliance; no forward-looking statements

24.1 Nothing in the Services or these Terms is financial, investment, legal, tax, accounting or other professional advice, or a recommendation or solicitation. You should obtain your own independent advice. Any forward-looking or aspirational statement about the Protocol reflects current intention only, is not a promise, and may not occur.

25. Self-custody and wallets

25.1 Your Wallet is your account; there is no sign-up, password or account with the Company, and you retain sole control of your Wallet, keys and assets at all times. The Company cannot access, recover, freeze or restore any funds, positions or Vouchers for a lost, stolen or compromised Wallet, and cannot act on your behalf on-chain. Optional contact details are held only for notifications and are deletable on request.

26. Intellectual property and the brand licence

26.1 The Company is the rightful owner of the intellectual property in the PlusMore brand, the Protocol and the PLUS token, having acquired that intellectual property from its original developer, and holds and exploits it as owner.

26.2 The Company licenses the right to use and promote the brand and product to operating partners and third parties for the purpose of operating and promoting the Protocol; those partners operate the platform, and the Issuer is not involved in day-to-day operation. Nothing transfers any intellectual property to you; you receive only a limited, revocable, non-exclusive, non-transferable licence to access the Services for their intended purpose. You may not copy, modify, reverse-engineer (except as permitted by law), resell or create derivative works of the Services or brand, or use our marks without permission. Open-source Smart Contract code is governed by its own published licence.

27. No profit motive; community technology

27.1 The Company takes no share of the daily reward split and no share of stakers' rewards: the split allocates nothing to the Company, as fixed in the Smart Contracts and visible on-chain. The Protocol is technology built for the community and for users who wish to save by accessing suppliers' wholesale rates directly, and its reward economics run to users and to the staker pools, not to the Company. This clause describes how the reward split is allocated; it is not a representation that the Company derives no revenue of any kind from making the technology, brand or Interface available.

28. Prohibited use

28.1 You must not use the Services: (a) as a Prohibited Person, or as a Restricted Person in respect of a restricted Service; (b) for money laundering, terrorist financing, sanctions evasion, fraud, tax evasion, market manipulation or any unlawful purpose; (c) to circumvent geo-blocking, screening or eligibility controls; (d) to interfere with, attack, overload, or gain unauthorised access to the Services, Smart Contracts or network, or to introduce malicious code; (e) to exploit any bug or economic vulnerability; or (f) in breach of any law or these Terms. Breach is a material breach and may result in immediate suspension of access and, where possible, refusal or unwinding of interactions, without limiting any other remedy.

29. Third parties, suppliers and partners

29.1 The Services rely on third parties, including brands, gift-card suppliers, wallet providers, blockchain networks, oracle and price sources, bridges and operating partners. Your use of any third-party product is subject to that third party's terms, and the Company is not responsible for third-party acts, omissions, availability, pricing, security or failures. Redemption of any consumptive utility is provided by operating partners and suppliers, not by the Issuer.

30. Disclaimers

30.1 To the fullest extent permitted by law, the Services are provided "as is" and "as available", with all faults, and without warranties of any kind, whether express, implied or statutory, including any implied warranties of merchantability, satisfactory quality, fitness for a particular purpose, title, non-infringement, accuracy, availability, security, or uninterrupted or error-free operation.

30.2 We do not warrant that the Services, Smart Contracts, network, oracles or pricing will be uninterrupted, secure, timely, error-free or free of harmful components, that any defect will be corrected, that any figure is accurate, or that the value, liquidity or performance of PLUS or any Digital Asset, or the honouring of any Gift Card, is assured.

31. Limitation of liability

31.1 To the fullest extent permitted by law, the Company and its directors, officers, employees, shareholders, partners, agents, licensors and service providers (the "Protected Persons") shall not be liable for any loss or damage of any kind arising out of or in connection with the Services, these Terms, the Interface, the Protocol, the Smart Contracts, PLUS, USDC, any Gift Card, any staking, claim, reward, discount or payout, any protocol exploit, bug, oracle failure, de-peg, fork or network event, or any inability to access or use the Services, including any direct, indirect, incidental, special, consequential, exemplary or punitive damages, or loss of profit, revenue, tokens, Digital Assets, data, goodwill or opportunity, whether in contract, tort (including negligence), strict liability or otherwise, and whether or not foreseeable, even if advised of the possibility.

31.2 Because the Services are non-custodial, autonomous, governed by publicly reviewed code, and generate no profit for the Company, you accept that outcomes are determined by the code and the network and not by the Company, and that the Protected Persons are not responsible for them.

31.3 Nothing excludes liability that cannot lawfully be excluded (such as for fraud, or death or personal injury caused by negligence). Where liability cannot be wholly excluded, the Protected Persons' aggregate liability to you is limited to the greater of (a) the total fees, if any, actually retained by the Company from you in respect of the relevant transaction and (b) USD 100. Any claim must be brought within one year of the event giving rise to it, or be permanently barred, to the extent permitted by law.

32. Indemnity

32.1 You agree to indemnify and hold harmless the Protected Persons from and against any claim, loss, liability, damage, cost or expense (including reasonable legal fees) arising out of or related to your use of the Services, your breach of these Terms or any law, your infringement of any third-party right, your Digital Assets or tax obligations, or your provision of false eligibility representations.

33. Release

33.1 To the fullest extent permitted by law, you release the Protected Persons from all claims, demands and damages of every kind, known or unknown, arising out of or in any way connected with the Services, disputes with other users or third parties, the behaviour of the Smart Contracts or the network, or the value or performance of any Digital Asset. Where a statutory provision would limit the effect of a general release, you waive it to the maximum extent permitted.

34. No fiduciary, partnership or agency

34.1 Nothing in these Terms creates any fiduciary duty, partnership, joint venture, agency, trust or employment relationship between you and the Company. The Company acts as a technology provider only and is not your agent, trustee, adviser, fiduciary or custodian.

35. Taxes

35.1 You are solely responsible for determining, reporting and paying any taxes applicable to your use of the Services, your holding or use of PLUS or any Digital Asset, any Gift Card, staking, claim, reward, discount or payout. The Company does not provide tax advice and does not withhold or account for taxes on your behalf.

36. Privacy and data

36.1 The Company is designed to collect the minimum personal data necessary to operate the Services (data minimisation). No general KYC data is collected for ordinary Marketplace use; only opt-in contact details (for example, an email for notifications) are held, and these are deletable on request. Blockchain transactions are public and permanent by nature and are not controlled by the Company, and a public wallet address and on-chain activity are not personal data the Company can amend or erase. Where identity verification is required for a specific transaction (clause 14), data is processed for that purpose and, where performed by a supplier or partner, under their privacy terms.

36.2 To the extent any data-protection law applies to data the Company holds (including, where relevant, the EU or UK General Data Protection Regulation), the Company processes that data only for the limited purposes described here and in its privacy notice, on the legal bases stated there, and supports the exercise of applicable data-subject rights (including access, rectification, erasure and objection) through the contact channel in clause 42. The Company's privacy notice, as published from time to time, governs its processing of personal data and forms part of these Terms; in the event of any conflict on data-protection matters, the privacy notice prevails.

37. Changes to the Protocol and to these Terms

37.1 The Protocol, its features, parameters, brands, discounts and promotional programmes may change; adjustable on-chain parameters change only through the timelock in clause 7. We may amend these Terms at any time by posting the updated Terms; your continued use after an update constitutes acceptance. Where a change materially reduces your rights we will use reasonable efforts to signpost it. If you do not agree to a change, you must stop using the Services.

38. Suspension, pauses and availability

38.1 The Interface and Services may be paused, suspended, rate-limited, geo-restricted or discontinued, in whole or in part, at any time, including for safety, security, legal, supplier, oracle or network reasons. Safety pauses are protective measures and are not a default by the Company. We do not warrant or promise availability or uptime, and the unavailability of the Interface does not affect the autonomous Smart Contracts.

39. Governing law, arbitration and class-action waiver

39.1 These Terms and any dispute arising out of or in connection with them or the Services are governed by the laws of the British Virgin Islands, without regard to conflict-of-laws rules.

39.2 Arbitration. Any dispute shall be finally resolved by binding arbitration seated in the British Virgin Islands, conducted in English by a sole arbitrator under recognised arbitration rules, save that either party may seek injunctive or interim relief from a court of competent jurisdiction. The arbitral award is final and binding.

39.3 Class-action and jury waiver. To the fullest extent permitted by law, disputes must be brought individually and not as a claimant or class member in any purported class, collective, consolidated or representative proceeding, and each party waives any right to a jury trial. This clause is enforced to the maximum extent permitted; where a class or representative right cannot lawfully be waived, it is limited to the statutory minimum.

39.4 Informal resolution first. Before commencing arbitration under clause 39.2, you agree to first notify the Company in writing, through the contact channel in clause 42 or at its registered office, describing the dispute and the relief sought, and to attempt in good faith to resolve it for a period of at least 30 days from receipt. This step is a precondition to arbitration but does not suspend or extend any limitation period.

39.5 Small claims. Notwithstanding clause 39.2, either party may instead bring an individual claim in a small-claims court or tribunal of competent jurisdiction that is able to hear it, provided the claim proceeds only on an individual basis and not as any class, collective or representative proceeding.

39.6 Nothing in this clause limits any right you have under mandatory consumer-protection law that cannot be excluded, including any right to bring proceedings in the courts of, or under the law of, your place of residence where that right cannot lawfully be excluded; such rights apply only to the minimum extent they cannot lawfully be excluded.

40. Force majeure

40.1 The Company is not liable for any failure or delay caused by events beyond its reasonable control, including network outages, forks, oracle or bridge failures, cyber-attacks, third-party or supplier failures, stablecoin de-pegs, changes of law, sanctions, acts of God, or governmental action.

41. General

41.1 Entire agreement. These Terms, with the referenced notices, parameters, proofs and audit materials, are the entire agreement between you and the Company regarding the Services and supersede prior understandings. Severability. If any provision is unenforceable, it is severed or read down to the minimum extent necessary and the remainder continues. No waiver. A failure to enforce is not a waiver. Assignment. You may not assign these Terms; the Company may assign or novate them to an affiliate or successor. Third parties. The Protected Persons may enforce the disclaimers, limitations, indemnity and release; no other third party may enforce these Terms. Survival. Clauses that by their nature should survive termination (including clauses 9 to 12, 22 to 24 and 30 to 41) survive. Language. The English version prevails over any translation. Notices. We may give notice through the Interface; formal notices to the Company go to its registered office.

42. Contact

42.1 Questions and complaints about these Terms or the Services, requests relating to personal data, and any notice of dispute under clause 39.4, may be directed to the Company through the contact channel published at plusmore.xyz/legal. The Company aims to acknowledge complaints and data requests within a reasonable period. Formal legal notices to the Company must be sent to its registered office in the British Virgin Islands set out in clause 1.

43. Legal position on the PLUS utility token

43.1 The Issuer has taken legal advice as to the law of the British Virgin Islands on the status of the PLUS utility token. Informed by that advice and by the token's design, the Issuer's position is as set out in this clause. This clause is a statement of the Company's own position and is not, and must not be relied on as, legal advice to you (see clause 43.5).

43.2 Characterisation of the token. PLUS is designed and issued as a consumptive utility token, meaning:

(a) PLUS provides solely consumptive utility benefits available on the Protocol and has no investment characteristics: it is not equity and not debt, is not a profit-sharing instrument, and provides no direct or contingent ownership, governance, voting, dividend or income right in the Issuer, the Protocol or any person;

(b) PLUS is the native utility coin of the Protocol and operates as an access mechanism to it;

(c) redemption of the consumptive utility unlocked by PLUS is operated by the Company's operating partners and not by the Issuer, and is limited to non-cash consumptive benefits, such as merchant-funded discounts and cashback-style savings applied at the merchant level; and

(d) the Issuer acts solely as issuer of the token: it does not act as a custodian, exchange, brokerage, redemption, settlement or payment-services provider, does not provide safekeeping or administration of virtual assets, and provides no financial service relating to the token.

43.3 Regulatory conclusions (BVI law). On that basis the Issuer's position is that: (a) PLUS would not be construed as an "investment" under the BVI Securities and Investment Business Act 2010, so the Issuer is not, by issuing PLUS, carrying on investment business regulated under that Act; (b) the Issuer's activity of issuing PLUS would not be regarded as a "virtual asset service provider" activity under the BVI Virtual Assets Service Providers Act 2022; and (c) because the Issuer is not carrying on "relevant business" under those regimes, it is not subject to the formal client-due-diligence and KYC requirements of the BVI Anti-Money-Laundering Regulations and Code of Practice. This reflects that PLUS does not correspond to any instrument in the exhaustive list of "investments" under the relevant BVI legislation, and that the Issuer will not undertake any listed virtual-asset-service activity.

43.4 Continuing obligations and the basis of the position. Notwithstanding the above, the Issuer remains subject, as all BVI persons are, to the BVI Proceeds of Criminal Conduct Act, the applicable anti-money-laundering framework and BVI and international sanctions law, and conducts itself so as not to interact with designated persons or to facilitate financial crime. The position in clauses 43.2 and 43.3 is given on the basis, which the Company undertakes to maintain, that: PLUS is used only for its consumptive utility on the Protocol; PLUS is not redeemable by the Issuer or its affiliates; the Issuer and its affiliates do not promise or suggest any economic return from acquiring PLUS, and do not hold PLUS out as an investment (clause 9.5); PLUS does not represent money, currency, equity, debt, a collective investment scheme or any right to profit, income or distribution; and the Issuer and its affiliates do not create, operate, seed, fund or control any secondary market or exchange for PLUS, any such market having been established by, and being used by, third parties independently of the Issuer and its affiliates.

43.5 Scope and reliance. This position addresses the PLUS token and its issuance as a consumptive utility token. It does not, of itself, address the staking or revenue-share features of the Protocol, which are autonomous Protocol features governed by code on a public blockchain and, to the extent any off-chain support is required, undertaken by the operating partners and not by the Issuer, and which are provided on the separate basis set out in clauses 12, 15 and 16 (participation in an on-chain revenue-share, and not a return on holding or acquiring PLUS). This clause is a summary of the Company's own position, informed by legal advice it has obtained as to BVI law only; it does not address the law of any other jurisdiction that may apply to you, is a point-in-time view that may be affected by regulatory developments, and is not legal, tax or investment advice to you or a representation on which you may rely. The underlying advice is confidential and is not published, and any reference to it is made subject to the advising firm's terms.

TYMOSCH UK LIMITED (BVI company number 1039346), registered office Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Registered agent: Vistra (BVI) Limited. Trading as PlusMore. Particulars to be re-verified by counsel against the current register before publication.

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