Floki

Staking Agreement

PLEASE READ THESE TERMS OF USE CAREFULLY AS THEY CONTAIN RISK NOTICE, ACKNOWLEDGEMENT AND ACCEPTANCE, NO WAIVER AND NO CLASS ACTION CLAUSE, WHICH AFFECT YOUR RIGHTS. IF YOU DO NOT AGREE TO THESE TERMS OF USE

IMPORTANT NOTICE PRIOR TO ACCESSING OR USING THE SERVICES, YOU (THE CLIENT) MUST INFORM YOURSELF OF AND OBSERVE ANY REGULATIONS APPLICABLE TO YOU. ACCESSING OR USING THE SERVICES MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND ACTIVITIES UNDERTAKEN THROUGH THE SERVICES MAY BE SUBJECT TO SPECIFIC REGULATIONS OR REVIEW BY CERTAIN AUTHORITIES. A FAILURE TO COMPLY THEREWITH MAY RESULT IN SANCTIONS AS PROVIDED FOR IN THE CONCERNED REGULATIONS

Welcome to Floki

Welcome! Thanks for your interest in staking, an integral part of the Floki ecosystem. You agree and understand that by accessing or using Floki staking service ("Staking"), you are agreeing to enter into this staking agreement (the "Staking Agreement") by and between you and Floki ("Floki"), and be legally bound by its terms and conditions, so please read them carefully. Please also note that there may be specific terms or conditions applicable to you as a user in a given jurisdiction, as detailed herein. If any term or condition of this Staking Agreement is unacceptable to you, please do not use the Staking service. Use of the words "we," "us," or "our" in this Staking Agreement refers to Floki.

Floki is the people's cryptocurrency and the utility token of the Floki Ecosystem. The Floki staking program was designed to reward loyal, diamond-handed FLOKI holders. Floki Supported Digital Assets ("Floki SDA") include the Floki Token ("Floki") and the TokenFi Token ("TokenFi"). When you stake your FLOKI tokens, you will earn our sister token named TokenFi as a reward. TokenFi is a tokenization platform targeting the tokenization industry.

Using Staking

Feel free to print and keep a copy of this Staking Agreement, but please understand that we reserve the right to change any of these terms and conditions at any time. You can always find the latest version of this Staking Agreement here on this page.

You agree and understand that by accessing or using Staking following any change to this Staking Agreement, your access or use of Staking shall constitute your agreement to the amended Staking Agreement, and you agree to be legally bound by its terms and conditions as amended. You should, therefore, read this Staking Agreement from time to time. If you do not agree to be bound by this Staking Agreement, you should not access or use Staking

Permission

Subject to the terms and conditions set forth in this Staking Agreement, we hereby grant to you a non-assignable, non-exclusive, worldwide, and royalty-free limited license to use our Staking service. You may not use the Staking service if (i) you are not at least 18 years old and do not have the legal capacity to enter into this Staking Agreement, (ii) you are a person barred from using Staking under the applicable laws of the country in which you are resident or from which you use Staking, and (iii) you do not agree to be legally bound by the terms and conditions of this Staking Agreement in their entirety.

Floki Staking Services

Availability

When you hold certain Floki SDA in your wallet(s) you may be given the option to "stake" these assets in a proof of stake network via staking services provided by Floki. Please visit our staking information pages: https://staking.floki.com and https://staking.tokenfi.com for further details on how proof of stake works. Floki Staking Services are not currently available to Hong Kong customers or customers in certain other jurisdictions.

The Floki SDA eligible for staking services are subject to change at any time. Staked assets are not subject to the protections of any government protection regulation including but not limited to the U S Federal Deposit Insurance Corporation ("FDIC"), the Securities Investor Protection Corporation, the UK Financial Ombudsman Services, or any other similar protections.

Note: Floki's staking platform is audited and monitored 24/7 by CertiK to ensure your security. CertiK.com is a leading smart contract auditor and provides a comprehensive suite of tools for securing the Web3 ecosystem.

Early Unstake Penalty

To incentivize long-term staking and maintain network stability, an early unstaking penalty may apply. This penalty, ranging from 5% to 20%, is calculated based on the duration of your staked assets.

  • 3 months: 5% penalty
  • 1 year: 10% penalty
  • 2 years: 15% penalty
  • 4 years: 20% penalty

The penalty fee is calculated based on the remaining duration of the locking position and the amount of Floki being unstaked. The penalty fee is deducted from the Floki being unstaked.

This early unstaking penalty is intended to mitigate risks associated with early withdrawals and ensure the long-term health of the network

Floki shall not be liable for any losses incurred due to the application of the early unstaking penalty. You acknowledge and agree that the early unstaking penalty is a necessary mechanism for the proper functioning of the Floki staking system.

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Feedback and Inquiries

You can email [email protected] to provide feedback or support requests.

Contracts

Please note that the Floki staking program (https://staking.floki.com/) and TokenFi staking program (https://staking.tokenfi.com/) are not currently available to the public of Hong Kong