Licence
basic agreement on the use of NIFTSY
The license for business & general use of the NIFTSY protocol. 27.05.21 (date of the first edition) of v. 0.1.

Preamble

This Agreement (hereinafter — the License or the Agreement) is intended for any business regardless of the form, name, geographical and/or other location, i.e. for all organisations and/or individual entrepreneurs (businessmen) which are connected to the NIFTSY Protocol (hereinafter — the Protocol) and/or use it and/or its components in any way, regardless of clarifications, additions or other changes of any order (level): any use of the Protocol means that you have fully read this License and accepted its conditions.

General Terms and Conditions

01. Although the non-commercial use of the Protocol takes place under the MIT License, in any case of commercial use, i.e. for profit and/or gain, you are obliged to apply only that part of the License which does not apply to the MIT License for non-commercial use.
02. This means that if you want to use the Protocol as well as any copying of it (whether at the architecture level and/or the specific implementations and/or parts of the code and/or in any other way), you must
02.01. Contact us at [email protected].
02.02. Specify the resources on which the Protocol shall be used: web-sites, mobile-applications, decentralized applications etc.
02.03. Specify the start (exact date) of use, purpose of use.
03. In the case of a violation of Art. 02 of this Section, the Administrator of the Protocol will be entitled to sue you in court (arbitration) in any jurisdiction and demand compensation for all types of losses: both real damage and lost profit, as well as a penalty of not less than 10 (ten) BTC (in the case of the jurisdiction of the dispute does not provide for the use of bitcoin as property, property rights and/or other civil rights object — indicate the equivalent in fiat currency of the jurisdiction)
04. At the same time we inform you that the task of the Protocol Administrator is only to ensure a fair and open market for all participants, not to create conditions for monopolistic exploitation of the opportunities through abusive copying in any form (type) of the Protocol by unscrupulous participants of this market.
05. The Protocol can be used commercially only after the final approval of the Protocol Administrator expressed in explicit form by e-mail notification and/or via a special page on the NIFTSY.io website.

MIT-licence (as part of the whole Licence)

01. General copyright: Copyright © “2021” “NIFTSY”.
02. This portion of the License permits the recipients of a copy of this software and associated documentation (hereinafter referred to as the Software) to use the Software without restriction, including the unrestricted right to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and the persons to whom this Software is provided, subject to the following conditions
02.01. Non-commercial use of the Protocol: including but not limited to: testing of the Protocol, use in non-commercial projects and in other cases where the Protocol is not used for generating income (profit) in any form(s).
02.02. The above copyright notice and these terms and conditions must be included WITH ALL copies or meaningful portions of this software.
03. DISCLAIMER. THIS SOFTWARE IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT. IN NO EVENT WILL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER DEMAND, INCLUDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF THE USE OR OTHER DEALINGS IN THE SOFTWARE: THIS DISCLAIMER EXTENDS TO COMMERCIAL USE OF THE RECORD.

Acceptance of the License and/or parts of it

This part is about the acceptance of the terms and conditions of the licence:
01. Any use of the Protocol and/or its components and/or the architecture on any level, in any form, independently of the specific implementations, is deemed to be an acceptance of these license conditions in full and unconditionally.
02. Without the acts specified for commercial or non-commercial use of the Protocol described in the above License, no person is entitled to use this Protocol in full or in part.
03. Insofar this License may be amended in time, the Protocol Administrator will publish information about this amendment by any means available to the User and the general public (via the website, an application including — decentralised, by e-mail and/or by other means), and from that moment on all changes will be accepted by the user of the Protocol and/or its parts (elements) to the full extent and unconditionally.

Arbitration and other conditions

01. As we are proponents of Open Source Software, we welcome any auditing of our Protocol and we encourage white hat practices through native tokens of the Protocol.
02. In all cases of malicious use of the Protocol and/or adverse effect on the operation of the Protocol and/or its component(s), we will be entitled to sue the responsible person(s) in any jurisdiction and seek compensation for all damages: real damages, lost profits, and liquidated damages of not less than ten (10) BTC (in the event the jurisdiction in dispute does not provide for bitcoin as property, property rights and/or other civil rights object — the equivalent in fiat currency of that jurisdiction will be specified).
03. All possible questions on the Protocol and/or License you can ask via NIFTSY.io: the answer to the questions is provided within 3 (three) working days.
Last modified 4mo ago