Additional Information

The TIX utility token is used to power the data processing platform, can only be used for requesting services from Timeworx.io, and can only be obtained by solving tasks. Aside from enabling transactions, the TIX token plays a vital role in our ecosystem by ensuring a secure, transparent and trustless means of interactions between all of the actors in the data value chain, without the need for a centralised third party entity.

The TIX utility token does not grant the holder any type of shares and/or voting rights in any legal entity. Furthermore, Timeworx.io does not and will not have an obligation to repurchase the Token from its holders.

The TIX token will have no features typically attributed to stablecoins. For example, the Token will not purport to maintain a stable value by pegging it to a fiat currency.

For the utility purpose, the TIX Token will not be accepted by any persons other than Timeworx.io. The token is only intended to provide access to the data processing services that are facilitated through the platform operated by Timeworx.io.

After an initial offer of the TIX token to the public, there will be only 2 options for acquiring the Token: a) receiving it as a reward for solving data processing tasks; b) acquiring it for fiat through a third-party virtual currency exchange operator.

Any TIX token that is obtained by solving tasks, and claimed using a transaction, will be transferred to the Human Agent’s personal wallet opened within a third-party service provider. Timeworx.io will not be providing services related to custody and administration of the TIX token and Punch Card NFT on behalf of clients. Transfers of the Token will be carried out by a third party.

Furthermore, Timeworx.io will not be providing services related to the exchange of crypto-assets for funds or other crypto-assets.