By purchasing $PAYS tokens ("Tokens"), you acknowledge and agree to the following:

1. No Guarantees
   The Tokens are provided on an "as-is" and "as-available" basis. The purchase of Tokens does not come with any guarantees, promises, or assurances of any kind, including—but not limited to—financial return, performance, future utility, or access to any platform, product, or service.
2. Not an Offer of Securities
   The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. The sale of Tokens is not intended to be an offering of securities, and does not constitute an offer or solicitation in any jurisdiction where such activity is unlawful.
3. Final Sale
   All purchases of Tokens are final and non-refundable. By participating in this sale, you understand and accept that you will not be entitled to a refund or compensation under any circumstances, including but not limited to, loss of value or inability to use the Tokens.
4. No Liability for Losses
   To the fullest extent permitted by applicable laws, neither the organizers of this Token sale nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the Token sale or its use.
5. Covenant Terms
   This launch requires the creation of a DAO LLC or other legal entity within sixty (60) days of successful launch completion. The founder(s) have committed to creating the entity in the attached covenant.
6. Agreement to DAO LLC Operating Agreement
   By purchasing Tokens, you acknowledge and agree to be bound by the terms and conditions of the operating agreement of the DAO LLC that shall govern the project. You confirm that you have reviewed or had the opportunity to review the operating agreement, the founder covenant of creation and understand that it forms a binding part of your participation in this Token sale.
7. Understanding the Mechanism
   This is a unique funding mechanism with a fixed token supply and an uncapped USDC raise. There is no in-protocol restriction on the amount of capital a founder is allowed to claim beyond the minimum identified above. Once the minimum funding level is reached and/or exceeded, the founder is entitled, but not obligated, to claim all the funds. HOWEVER, should the minimum funding level not be met, all funds will be returned to the participants accordingly. Should the launch initiator fail to complete the launch of their own accord within 48 hours, the complete function is able to be called by anyone, permissionlessly, via a blockchain transaction. In this case the default mechanism is to accept all funds in excess of the minimum transferred to the DAO treasury. By participating you confirm you understand this and have read the documentation provided at https://docs.metadao.fi.

By purchasing or attempting to purchase $PAYS Tokens, you confirm that you have read, understood, and accepted the terms above.