Terms Of Service

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ToS

General Terms and Conditions

Last Updated: 16/11/2023

1. Acceptance of Terms

Welcome to OSEAN DAO ("OSEAN DAO", "we", "us", or "our"). These Terms of Service ("Terms") govern your participation in the Osean investment project, including the acquisition of $OSEAN tokens, Governance NFTs, participation in the NFT marketplace, engagement with the DAO and the use of all dapps and content located at the domain https://osean.online or its subdomains. By participating in our project, you agree to be bound by these Terms. If you do not agree to these Terms, please do not engage in our project.



2. OSEAN Token

2.1 Objective: The main objective of the OSEAN token is to be used as a “vehicle” to gather market funds that will be invested in OSEAN DAO through the acquisition of the Governance NFT collection.

2.2 Advantages: By holding $OSEAN tokens, you may enjoy monthly rewards, participation in community airdrops, and other benefits.

2.3 Trading: $OSEAN can be traded on Pancakeswap and directly from our website. To purchase, click the "Buy & Stake" button.



3. NFTs

3.1 Launch: The NFT marketplace was launched in the second semester of 2023.

3.2 Token Requirement: Investors must possess $OSEAN tokens to purchase Governance NFTs. Skipper NFT collection can be offered in other currencies by the project.

3.3 Benefits: Owning NFTs grants voting power in the DAO, access to dividends, staking revenue and membership in the exclusive NFT club.



4. DAO

4.1 Funding: The DAO funds its operations through the sale of Governance NFTs. All funds used for the NFT purchase are automatically deposited in the DAO treasury. The goal of this project is for the DAO to operate like any other business by investing its funds in the Yachting Industry.

4.2 Decision-Making: The DAO makes all management decisions, including all related to acquiring yachts and funds disperse, through voting. Treasury assets cannot be moved out of DAO treasury without a quorum majority vote. Neither the Founder nor any other member of the OSEAN team has access to funds. All transfers and contract functions are “Governance Only”.

4.3 Quorum rules:

  • The voting period is 48 hours. The voting period is calculated in block time and the displayed end time in a proposal is in proximity and not accurate.
  • All proposals upon creation are submitted to voting with no delay.
  • Votes that have changed hands during a voting period cannot apply. Delegation must take place before a proposal is submitted.
  • You must have 10 votes to be able to submit a proposal.
  • 5% of the quorum must participate for a valid proposal pass.
  • Anyone can execute a passed proposal. Execute is a public function.

See Blockchain technologies section (6) for more info.



5. Membership and Participation

5.1 Eligibility: Participation in the project is open to all individuals that are at least 18 years old of age.

5.2 Compliance: Members must comply with all applicable laws and regulations of their country about the use of Crypto assets.



6. Blockchain Technologies

OSEAN’s PROJECT smart contracts have been deployed in BINANCE SMART CHAIN. OSEAN Development team to ensure all possible security measures, has used audited templates from Openzeppelin and Thirdweb for ERC20 and ERC721 basic functionality in the development of project’s smart contracts and in particular:

  • 6.1 OSEAN TOKEN CA: 0x722cB8e411D40942C0f581B919ecCE3E4D759602

    OSEAN TOKEN is based on Openzeppelin ERC20 token. OSEAN dev has implemented payable wallets, Swap interface, and tax logic. The tax of OSEAN TOKEN is 6% for purchase and sell. The tax is retained during swap transaction in OSEAN and OSEAN is swapped in BNB in a separate transaction.

    The liquidity of the token is in Pancakeswap with Pair CA: 0x8A7292E9ba068ec5221e4b5d491251a5b06762CC. The liquidity is currently locked by Unicrypt till May 2024.

    Status of contract: Not audited, Code Published

  • 6.2 OSEAN DEX:

    OSEAN DEX front end is a Pancakeswap Fork, in direct connection with PancakeSwap’s router and no secondary fees are applying during swap.


  • 6.3 OSEAN STAKING CONTRACTS

    OSEAN staking contracts are based on Thirdweb ERC20stake and ERC721stake contracts. These contracts are audited and only an asset check has been added in contract code.

    • OSEAN STANDARD STAKE FOR GOVERNACE HOLDERS CA: 0xa3C6B0F0EE560E191614859f9790b99FBBf8fdd2
      • Status of contract: Audited, Code published.

    • OSEAN STAKE ZONE FOR OSEAN SKIPPER HOLDERS CA: 0xD7fd7b5eb7cf468c8A376Acb65b609A45788897A

      • This contract is based on Thirdweb’s ERC20stake contract with an asset check addition. Only OSEAN SKIPPER holders can stake in this contract.

      Status of contract: Not Audited, Code published

    • OSEAN NFT STAKE CA: 0x5d12488896cF2c6176BE00e9A1bB8911A7e06e28

      • Based on Thirdweb’s ERC721stake.

      Status of contract: Audited, Code published.

  • 6.4 SKIPPERS NFT CA: 0x30ccb40b54cc0A2fF1E0be8C0fCe4301389596BB

    This contract is based on ERC721drop from Thirdweb.

    Status of contract: Audited, Code published.

  • 6.5 MARKETPLACE CA: 0xd9CD1c1756E30A3fe76577b291EdD1d679981F47

    This contract is based on Thirdweb’s marketplace contract.

    Status of contract: Audited, Code published.

  • 6.6 GOVERNACE NFT CA: 0xcb054F55C2C91865843200908240F5932af29f3b

    This contract is a complete reconstruct version of ERC721drop from Thirdweb. OSEAN dev has implemented Openzeppelin ERC721VotesUpgradable extension so the NFTs from this contract can be used as voting tokens for OSEAN DAO while keeping the Claim and Lazy mint features.

    Status of contract: Not Audited, Code published

  • 6.7 OSEAN DAO CA: 0x3EF7039Afb194e1fAC63c5eB10FCded1Cd44A96c

    This contract is based on Thirdweb’s vote contract and Openzeppelin Governor extension. OSEAN dev has added interfaces for connection with Pancakeswap and interaction with OSEAN token, to facilitate OSEAN DAO goals.

    No core changes to Openzeppelin Governor have occurred.

    Status of contract: Not Audited, Code published


7. Risks and Disclaimers

7.1 Market Risks: Participants acknowledge the risks associated with cryptocurrency and NFT markets.

7.2 Project Risks: The Founder and the team don’t guarantee profits, and participants are aware of the inherent risks in crypto asset investing.

7.3 Liability: The Founder and the team cannot be held liable for any loss or damages that might incur during your interaction with OSEAN contracts and website due to malicious attacks, DoS or errors in contract transactions. You agree that you are solely responsible for interacting with our smart contracts and website services.



8. Changes to Terms

We reserve the right to modify or replace these Terms at any time. Your continued participation after any changes constitutes your acceptance of the new Terms.



9. Contact Information

If you have any questions or concerns about these Terms, please contact us at info@osean.online or reach our team at our social channels (eg. Telegram, Discord).