EulerBeats Terms of Service TL;DR
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The EulerBeats Terms (available below) govern the use of EulerBeats’ website, NFTs, smart contracts and software. Really, you should read the whole thing, but here’s a summary.
What are Original NFTs?
EulerBeats uses smart contracts stored on the Ethereum blockchain to enable users to purchase certain unique non-fungible tokens (“NFTs”). We call these tokens “Original NFTs.” Each Original NFT is linked to a unique, digital, audio-visual work, which we call “Artwork.” We create the Artwork by using generative art technology stored on Ethereum.
What are Print Tokens?
A certain number of prints can be created from each Original NFT. These prints, which may be created and purchased using EulerBeats’ website or smart contract, are called “Print Tokens.” A Print Token links to the same Artwork as its Original NFT.
If I buy an Original NFT, what do I get?
If you purchase an Original NFT, you will own that Original NFT and you may sell your Original NFT. In addition—and this is a big one—Original NFT holders also receive a broad, exclusive license to use the Artwork however they wish, including for unlimited commercial use, as long as they continue holding the Original NFT. This broad copyright license distinguishes EulerBeats NFTs from many others in the market. There are a few limitations, so you should read the full terms, but we really tried not to attach too many strings.
If I buy a Print Token, what do I get?
If you purchase a Print Token, you will own that Print Token and you may sell or burn your Print Token. You also will hold a limited, non-exclusive license to use the Artwork but only for personal use or to help sell your Print Token.
How are the proceeds from NT sales divided?
The proceeds from the initial sale of an Original NFT go to its creator, EulerBeats.
Secondary sales of an Original NFT go to the seller. When you create and purchase a Print Token, the proceeds of that transaction are allocated as follows:
EulerBeats Genesis Release
EulerBeats Enigma Release
Burn Reserve
90%
84%
Original NFT Holder
8%
8%
EulerBeats
2%
8%
What is a “Burn Reserve”?
A unique bonding curve market is associated with each Original NFT. That bonding curve market applies to all Print Tokens made from that Original NFT. When Print Tokens are created and purchased, 84% of the sale proceeds go into a separate “Burn Reserve” set up for each line of Print Tokens. Owners of a Print Token may “burn” their Print Token in exchange for a portion of the funds held in Burn Reserve. The amount is calculated based on the applicable bonding curve.
Are there any fees or taxes involved?
Like any transaction on the Ethereum blockchain, you will need to pay a “gas fee” that goes to the Ethereum miners. If you trade your Original NFTs or Print Tokens on a third-party marketplace like OpenSea, you will be subject to their terms, which may include the payment of service fees and/or commissions. Read their rules.
What is the EulerBeats Experimental Staking Programme?
This experimental program will allow Qualifying Staking Participants (i.e., EulerBeats print holders who hold a print of the same LP# from both the EulerBeats Genesis Release and the EulerBeats Enigma Release) to stake eligible print pairs and receive Rewards from EulerBeats in return. Please refer to Section 3 of the EulerBeats Terms for additional terms and conditions.
What are the big DON'Ts of EulerBeats?
These should be common sense.
Don’t break the law.
Don’t use bots to purchase Original NFTs or Print Tokens.
Don’t rip off our Original NFTs, Print Tokens, Artwork, smart contracts, or software (Original NFT owners may create new NFTs using derivatives of Artwork as long as they are new creations and not just replicas or substantially similar versions of the original Artwork).
Don’t give us viruses or other malware.
Don’t infringe our or anyone else’s intellectual property rights.
Don’t incite violence, promote hate, harass, abuse, or otherwise discriminate towards others.
If I have a question, where do I contact you?
Contact us here for questions about your use of the Website, Original NFTs, Print Tokens or the Terms: info@treum.io.
EulerBeats Terms of Service: TL;DR
The EulerBeats Terms (available above), govern the use of EulerBeats’ website, NFTs, smart contracts and software. Really, you should read the whole thing, but here’s a summary.
What are Master NFTs?
EulerBeats uses smart contracts stored on the Ethereum blockchain to enable users to purchase certain unique non-fungible tokens (“NFTs”). We call these tokens “Master NFTs.”Each Master NFT is linked to a unique, digital, audio-visual work, which we call “Artwork.” We create the Artwork by using generative art technology stored on Ethereum.
What are Mix Tokens?
A certain number of Mixes can be created from the Clips of each Master. These Mixes, which may be created and purchased using EulerBeats’ website or smart contract, are called “Mix Tokens.” They can be used as an input for a Remix.
What are Remix Tokens?
A certain number of Remixes can be created by combining two Mix Tokens or a Mix Token and a Master NFT. These Remixes, which may be created and purchased using EulerBeats’ website or smart contract, are called “Remix Tokens.” The owner manipulates the Mix Tokens and/or the Master Tokens to create and personalize their new Remix Token.
What are Mixpass Tokens?
A certain number of Mixpass tokens were created for holders to retain exclusive access to mint Futura Mixes during the redemption period, avoiding gas wars. These Mixpasses, which may be created and purchased using EulerBeats’ website, are called “Mixpass Tokens.” A Mixpass Token will be represented by a new CryptoVoxels wearable ERC 1155 token. Each Mixpass will give you access to two Futura Mix NFTs. The MixPass will also be a CryptoVoxels wearable incentivizing EB fans to buy more than one set.
If I buy a Master NFT, what do I get?
If you purchase an Master NFT, you will own that Master NFT and you may sell your Master NFT. You also will hold a limited, non-exclusive license to use the Artwork but only for personal use. The commercial rights are retained at the Clip level.
If I buy a Mix Token, what do I get?
If you purchase a Mix Token, you will own that Mix Token and you may sell or burn your Mix Token. You also will hold a limited, non-exclusive license to use the Artwork but only for personal use or to help sell your Mix Token.
If I buy a Mixpass Token, what do I get?
If you purchase a Mixpass Token, you will retain exclusive access to mint Futura Mixes during the redemption period, avoiding gas wars. You own that Mixpass Token and you may sell your Mixpass Token. You also will hold a limited, non-exclusive license to use the wearable if you do not redeem the Mixpass Token for a Mix Token but only for personal use or to help sell your Print Token.
How are the proceeds from NFT sales divided?
The proceeds from the initial sale of a Master NFT go to the creator of the Clips used to compose the NFT, EulerBeats. Secondary sales of a Master NFT go to the seller.
When you create and purchase a Mix Token or a Remix Token, the proceeds of that transaction are allocated to the creator of the Clips used to compose the NFT.