The PolyBet Token Sample Clauses

The PolyBet Token. The Company rewards some users with an ERC20 token called the PolyBet Token (the “PBT”). Any User rewarded with a token or purchasing a PBT token should not expect to derive any profits and do so with the understanding that the PBT token may lose all value, liquidity, and potentially functionality. The Token may be distributed to certain users and is used solely in connection with to governance of the protocol. The PolyBet token is not an investment contract; the PBT Token token has no value and is only used as a means to govern the Website. PBT is not an investment contract. PolyBet makes no claims of PBT having value or expectation of value and it is therefore not a “security” or “financial instrumentpursuant to any jurisdiction.
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