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Terms of Sale

DRAFT — Requires legal review before publication. Last updated: March 2026.

1. Nature of FM Coin

FM Coin is a utility token on the Base blockchain (Coinbase L2) classified under MiCA (EU 2023/1114). It grants access to the FM community platform and has no purpose beyond that. FM Coin is not a security, financial instrument, currency, or investment product.

2. Membership Model

One FM Coin per wallet. Indivisible (0 decimals). Binary membership: you hold 1 (member) or 0 (non-member). All members have equal access. No promise of value, liquidity, or appreciation.

3. Sale Phases

PhasePriceSupply
Pre-sale~50 EUR (USDC)1,000
Public Phase 1~75 EUR (USDC)3,500
Public Phase 2~100 EUR (USDC)4,500

All transactions in USDC on Base. No fiat currency is accepted. One purchase per wallet.

4. Right of Withdrawal (MiCA Art. 13)

14-day cooling-off period

You may withdraw from your purchase within 14 calendar days by calling the withdrawPurchase() function on the FMCommunity contract. Your FM Coin is returned and your USDC is refunded in full. After 14 days, the purchase is final. This right applies only to initial purchases, not secondary transfers.

Waiver by service use (Art. 13(4)):

If you begin using community services (register for an event, check in, have attendance confirmed, or transfer your membership), your withdrawal right is automatically and irrevocably waived. Creating a profile alone does not waive this right.

5. Platform Fees

FeeAmount
Membership transfer0.0001 ETH
Paid event registrationSet by organizer (85/15 split)
Free event registration0.00005 ETH
City change0.0001 ETH

6. Risks

FM Coin may lose all value. Smart contracts may contain vulnerabilities. Regulatory changes may affect the token. If you lose your wallet keys, your FM Coin cannot be recovered. Only purchase if you intend to participate in the community and can afford to lose the entire amount.

7. Governing Law

These Terms are governed by Belgian law. Disputes are subject to the courts of Brussels, Belgium.

The full Terms of Sale are available at docs/legal/terms-of-sale.md. This page is a summary for your convenience.

FM Coin is a community membership token. It is NOT a financial investment. Do not purchase with the expectation of profit. The value may decrease to zero.