1. Introduction
YAP Crypto Rewards Terms & Conditions
These Crypto Rewards Terms ("Reward Terms") govern your participation in the crypto earning program offered by YAP Technologies Inc. ("YAP," "we," "us"), wherein eligible users may earn rewards denominated in stablecoins such as USDC (USD Coin) or USDT (Tether) (collectively, "Crypto Rewards").
These Reward Terms are supplementary to our standard Terms of Use. In the event of a conflict between these Reward Terms and the general Terms of Use, these Reward Terms shall control regarding any issues involving cryptocurrency or financial rewards.
2. Eligibility and Geo-Restrictions
To participate in the Crypto Rewards program, you must:
Age: Be at least eighteen (18) years of age.
Location: Reside in a supported jurisdiction. YAP strictly prohibits use of this service by residents of: (a) the United States of America (if required by state money transmission laws); (b) sanctioned jurisdictions (e.g., Iran, North Korea, Syria, Cuba, Crimea); or (c) any jurisdiction where cryptocurrency rewards are prohibited by law.
Verification: Complete all required Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
3. Earning and Payouts
3.1 Earning Mechanics Users may earn Crypto Rewards by completing specific tasks, milestones, or referrals as defined in the YAP application. YAP reserves the right to change reward rates, task values, or earning caps at any time without prior notice.
3.2 Processing Times Payouts are not instant. We reserve the right to review all payout requests for fraud, learning integrity, and compliance. Processing may take up to seven (7) business days.
3.3 Network Fees (Gas) YAP covers the standard transaction fees ("gas") required to distribute Crypto Rewards to your connected wallet. You are not responsible for paying gas fees for the receipt of rewards, though you may incur fees if you subsequently transfer funds out of your MiniPay wallet.
4. Wallet Requirements (MiniPay Integration)
4.1 Third-Party Wallets To receive Crypto Rewards, you must utilize the MiniPay wallet integration. YAP does not provide custodial wallet services. You are solely responsible for the security, management, and availability of your third-party wallet.
4.2 Wrong Address Liability You are responsible for ensuring your MiniPay wallet is correctly linked. Transactions on the blockchain are irreversible. If rewards are sent to an incorrect address due to user error, your funds will be permanently lost. YAP cannot recover lost funds.
4.3 No Relationship with Wallet Providers YAP is an independent entity and is not affiliated with wallet providers such as Opera MiniPay, Blueboard, or Tether. Use of their services is governed by their respective terms of service.
5. Regulatory Compliance and Taxes
5.1 Tax Responsibility You are solely responsible for determining what, if any, taxes apply to the Crypto Rewards you earn. You are responsible for reporting and remitting the correct tax to the appropriate tax authority. YAP generally does not withhold taxes but may file informational reports (e.g., IRS Form 1099) if your earnings exceed statutory thresholds.
5.2 KYC/AML Checks To comply with global financial regulations, YAP may require you to provide government-issued identification (Passport, Driver’s License) and proof of address before processing any Crypto Reward payout. Failure to provide this information upon request will result in the forfeiture of your pending rewards.
5.3 Sanctions Screening We screen all wallet addresses against global sanctions lists (OFAC, UN, EU). If your wallet address is flagged as high-risk or associated with illicit activity, we will freeze your pending rewards and may report the activity to relevant authorities.
6. Risk Disclaimers
6.1 No Guarantee of Value (De-Pegging) While USDC and USDT are designed to maintain a value of $1.00 USD, YAP does not guarantee this value. Stablecoins are subject to market risks and "de-pegging" events where they may lose value. YAP is not responsible for any loss of value occurring after the funds are sent to your wallet.
6.2 Freezing of Funds You acknowledge that issuers of stablecoins (e.g., Circle for USDC, Tether for USDT) possess the technical ability to "freeze" funds in your wallet if required by law enforcement. YAP has no control over these third-party issuers and is not liable if your assets are frozen by the issuer.
6.3 Not an Investment Crypto Rewards are provided solely as a loyalty incentive for using the YAP learning platform. They are not intended as an investment contract, security, or financial instrument. You should not participate in this program with the expectation of profit derived from the efforts of others.
7. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, YAP SHALL NOT BE LIABLE FOR DAMAGES RESULTING FROM: (A) BLOCKCHAIN NETWORK FAILURES OR CONGESTION; (B) YOUR LOSS OF PRIVATE KEYS OR ACCESS TO YOUR WALLET; (C) SMART CONTRACT BUGS OR EXPLOITS IN THE USDC/USDT PROTOCOLS; OR (D) REGULATORY ACTIONS THAT SEIZE OR FREEZE DIGITAL ASSETS.
8. Termination of Rewards
YAP reserves the right to terminate the Crypto Rewards program at any time. In the event of program termination, users will be given a thirty (30) day grace period to claim eligible balances. Any unclaimed balances remaining after the grace period may be forfeited.
9. Contact Us
For privacy questions specific to crypto transactions, contact our Data Protection Officer:
YAP Technologies Inc.
Email: privacy@goyap.ai
Subject Line: Crypto Privacy Inquiry
