# Migration Terms

Effective Date: 1. December 2024

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**1. Scope of Agreement**

These terms and conditions ("Terms") govern the migration of JAV tokens from the DeFi Meta Chain ("DMC") to a new blockchain platform ("Base"). By participating in the token migration process, you ("Participant") agree to be bound by these Terms.

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**2. Migration Process**

2.1 Eligibility:

* The migration is open to all JAV token holders as of the migration start date.
* Participation is optional but strongly recommended to benefit from future development and rewards on Base.

2.2 Timeline:

* The migration period will commence on 10 December 2024 and remain open for six (6) months ending on 9 June 2025.
* Tokens not migrated within this window will remain on DMC without further development or support.

2.3 Token Conversion:

* Each JAV token on DMC will be converted to an equivalent JAV token on Base at a 1:1 ratio.
* Migration must be completed for each wallet/address separately.

2.4 Migration Steps:

* Participants must opt into the migration via the designated interface on the Javsphere platform.
* Tokens on DMC will be locked into a migration contract, and equivalent tokens on Base will be minted.
* Gas fees (in ETH) are required to complete the migration. The user must provide ETH on Base in a small amount.

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**3. Rewards and Vesting**

3.1 Paused Rewards on DMC:

* Rewards for StakeX and CryoVault products on DMC will be paused during the migration period.

3.2 Rewards on Base:

* Rewards for migrated tokens will begin as early as seven (7) days after migration starts on Base.
* Vesting Freezer products (10m and 20m) will have a six (6)-month vesting cliff from the individual migration date.

3.3 Vesting Cliff Details:

* The six (6)-month vesting cliff means that the vesting process will be halted during this period.
* After the six (6)-month cliff, vesting will resume from where it left off prior to the migration.
* The vesting cliff applies equally to all tokens subject to vesting, ensuring equitable conditions for all participants.

3.4 Fair Participation:

* All participants, including those holding tokens in vesting, will be subject to the same vesting cliff to ensure equitable conditions.

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**4. Irreversibility of Migration**

* The migration process is irreversible. Tokens converted to Base cannot be exchanged back to DMC.
* Tokens on DMC will be permanently locked and burned upon migration.

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**5. Disclaimer and Risk Assumption**

5.1 No Guarantee of Value:

* Javsphere makes no guarantees regarding the future value of tokens on Base.
* Participants acknowledge that the migration does not constitute an investment opportunity.

5.2 Assumption of Risk:

* Participants bear all risks associated with migration, including potential delays, technical errors, or loss of gas fees due to insufficient wallet balances.

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**6. Legal Compliance**

6.1 Jurisdictional Restrictions:

* Participants residing in restricted jurisdictions (as defined in the Javsphere Terms of Service) are prohibited from participating in the migration.
* It is the Participant's responsibility to comply with all applicable laws and regulations.

6.2 No Fiduciary Duties:

* Javsphere provides the migration process on a non-custodial basis and assumes no fiduciary duties to Participants.

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**7. Liability and Indemnification**

7.1 Limitation of Liability:

* Javsphere shall not be held liable for any losses, including but not limited to, token devaluation, missed migration deadlines, or technical failures.

7.2 Indemnification:

* Participants agree to indemnify and hold harmless Javsphere and its affiliates from any claims or damages arising from their participation in the migration.

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**8. Governing Law and Dispute Resolution**

8.1 Governing Law:

* These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands (BVI).

8.2 Arbitration:

* Any disputes arising from these Terms shall be resolved through binding arbitration in accordance with the Arbitration Act, 2013 of the BVI.

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**9. Amendments and Updates**

* Javsphere reserves the right to amend these Terms at any time. Amendments will be communicated via the official Javsphere website.

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#### Acknowledgment and Agreement

By initiating the migration process, you acknowledge that you have read, understood, and agreed to these Terms.

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