1. Introduction
These NFT Terms of Sale (‘Terms’) govern the acquisition, ownership, transfer, activation, and expiration of NFTs issued by or on behalf of MagixFi, operated by 3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA. By purchasing, holding, or transferring a MagixFi NFT, you agree to be bound by these Terms and the legal documents available in the website https://MagixFi.io
2. NFT Purpose
MagixFi NFTs are time-limited digital credentials that can enable participation in decentralized mining within the MagixFi ecosystem. They are functional access tokens only and do not represent equity, debt, revenue rights, or any ownership interest in MagixFi.
3. Validity Period
Each NFT specifies a predefined validity period (e.g., January 1–June 30, 2026). Only during this period may the NFT be used to activate mining, provided staking conditions are met. After the validity period, the NFT becomes inactive for mining.
4. Activation Requirements
Activation and reward claims are fully automated via smart contracts. To be eligible for rewards, the claimant wallet must: (1) hold one or more NFTs within their validity period; and (2) maintain the required MGF stake through the official staking smart contract. When a claim is submitted, the rewarding contract verifies both conditions. If staking does not cover all NFTs held, rewards are paid pro rata.
5. Staking Requirements
Maintaining the required MGF stake is a technical prerequisite to enable mining. Staking is not a deposit or investment and provides no guarantee of returns.
6. Unstaking Procedure and Cooldown
Upon an unstaking request, 50% of the requested amount becomes withdrawable after six months and 100% after twelve months. During cooldown, tokens remain deemed staked for reward eligibility. All timing and release conditions are enforced on-chain and cannot be altered by MagixFi.
7. Transferability
NFTs are freely transferable and may be traded on third-party marketplaces such as OpenSea. Transfer of ownership does not automatically transfer active mining sessions or prior rewards. The new holder must independently satisfy validity and staking requirements.
8. Pricing, Payments, and Fees
NFT prices and payments are determined by decentralized marketplaces and on-chain transactions. You are solely responsible for gas fees, marketplace fees, and any applicable taxes. MagixFi does not custody funds and is not a party to secondary market transactions.
9. Expiration and Non-Refundability
All NFTs have a fixed duration of utility. After expiration, NFTs remain tradable as collectibles but cannot activate mining or claim rewards. All sales are final, irreversible, and non-refundable due to the immutable nature of blockchain transactions.
10. Compliance and Eligibility
Use of NFTs and staking functions is restricted where prohibited by law. MGF and MagixFi NFTs may not be purchased, held, or used by residents or citizens of the United States or of sanctioned jurisdictions. By acquiring an NFT, you represent that you comply with applicable laws in your location.
11. Intellectual Property
All trademarks, trade names, logos, designs, and associated graphics of MagixFi remain the exclusive property of 3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA. Purchasing or holding an NFT does not grant any intellectual property rights over the artwork, code, or branding elements used in or associated with the NFTs, except for personal, non-commercial display and resale on compatible marketplaces.
12. No Guarantee of Returns
MagixFi NFTs and MGF tokens provide functional access to decentralized services and do not promise income, yield, or appreciation in value. Any rewards are algorithmic outputs of network activity and are not guaranteed. Past performance is not indicative of future results.
13. Risk Acknowledgment
By acquiring or using a MagixFi NFT, you acknowledge the risks described in the MagixFi Risk Disclosure Statement and Token & Risk Disclaimer, including market, liquidity, technological, regulatory, and staking/unstaking cooldown risks.
14. Limitation of Liability
To the maximum extent permitted by law, MagixFi and its affiliates shall not be liable for indirect, incidental, or consequential damages, including token or NFT loss. Aggregate liability shall not exceed USD 100.
15. Governing Law and Jurisdiction
These Terms are governed by and construed under the laws of Costa Rica. Disputes shall be resolved exclusively by the courts of San José, Costa Rica. 16. Contact Information 3-102-937976 SOCIEDAD DE RESPONSABILIDAD LIMITADA, PROVINCIA 01 SAN JOSÉ, CANTÓN 02 ESCAZÚ, SAN RAFAEL, DEL CENTRO COMERCIAL LA PACO, TRESCIENTOS METROS NORTE, PLAZA FLORENCIA, LOCAL DIEZ, COSTA RICA. Email: hello@MagixFi.io.
