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Testnet Participant Terms of Service

Testnet Participant Terms of Service
Last updated: September 19, 2022

By using Mysten Labs testnet software, technologies, tools, and other services (collectively “Testnet”), you agree to the general Terms of Service and these additional Testnet Participant Terms of Service (together, the “Terms”). If you do not agree, do not participate in Testnet. If you are using Testnet on behalf of an organization, you represent and warrant that you are an authorized representative of that organization and have the authority to bind that business or entity to the Terms.

Eligibility Criteria

You may use Testnet only if you:

  • Demonstrate the ability to configure and deploy a full node to our satisfaction in our discretion.
  • For validator participants, meet or exceed the hardware requirements as described here
  • Are 18 years or older and capable of forming a binding contract with us.
  • Provide certain identifying and related information for you and your organization, as the case may be, and are not a Restricted Person, Sanctions List Person, or a resident of a Restricted Territory (in each case as defined in the Terms of Service).
  • Are not otherwise barred from participating in Testnet under applicable law.

We may, at our discretion, introduce new or change existing eligibility criteria or conditions we deem appropriate. Testnet may operate in certain phases, and your participation in any one phase of Testnet does not guarantee that you will be selected for any other phases of Testnet.

Rewards

We may choose to provide rewards to eligible Testnet participants for completing certain activities, including running a validator node and meeting certain performance criteria or other requirements. Additional details will be set forth at sui.io from time to time. Such rewards may include Sui mainnet tokens (“SUI”) or staking rights to SUI, provided that (1) any such SUI will be provided only following successful mainnet launch will be subject to a one-year lockup period and (2) U.S. citizens and residents are not eligible for SUI rewards unless they qualify for and verify “accredited investor” status. We may select alternate reward types as we deem necessary in our sole discretion.

Notwithstanding any other information we provide regarding Testnet (including on our website, blog posts or through other communications (such as forums, Telegram, Discord, or other channels), we may change or modify the amounts or types of rewards and/or discontinue, or terminate, temporarily or permanently, all or any part of the rewards program at any time and without notice, and we may remove or reallocate any rewards earned by any participant or elect not to provide any rewards to any participant.

We reserve the right to block any participant’s access to Testnet. We further reserve the right to request information about, review and investigate all Testnet activities, and to disqualify participants if we believe a participant has engaged in any activity that is abusive, fraudulent, in bad faith or otherwise fails to meet Testnet standards and requirements.

You agree that any rewards or incentives received will be for your services in testing Testnet. You are responsible for the payment of all taxes associated with your receipt of any rewards. You agree to provide us with any additional information and complete any required tax or other forms relating to your receipt of such rewards.

Testnet Tokens

During Testnet you may accumulate Testnet tokens, such as through the Testnet faucet, which are not, and will never convert to or accrue to become mainnet tokens or any other tokens or virtual assets. Testnet tokens are virtual items with no monetary value. Testnet tokens do not constitute any currency or property of any type and are not redeemable, refundable, or eligible for any fiat or virtual currency or anything else of monetary value, under any circumstances. Testnet tokens are not transferable between users outside of the Testnet, and you may not attempt to sell, trade, or transfer any Testnet tokens outside of the Testnet, or obtain any manner of credit using any Testnet tokens. Any attempt to sell, trade, or transfer any Testnet tokens outside of the Testnet will be null and void.

Duration

Testnet will commence on the date we prescribe and continue until terminated at our discretion. We may change, discontinue, or wipe, temporarily or permanently, all or any part of Testnet, at any time and without notice at our discretion, including, without limitation, the modification of the presence, amounts, or any other conditions applicable to the Testnet tokens, without any liability to you or other Testnet users. We do not guarantee that Testnet tokens will continue to be offered for any particular length of time and you may not rely upon the continued availability of any Testnet tokens. In the event of the expiration of Testnet, you acknowledge and agree that your access to and use of your Testnet tokens will be removed, and all accrued Testnet tokens will be deleted from the Testnet system. Testnet tokens will not be converted into any future rewards offered by Mysten Labs.