These Blockchain & NFT Terms ("Blockchain Terms") supplement the Hazelbit Terms of Service and apply specifically to blockchain-based features, including $HZBT utility tokens, $HZTR NFTs, blockchain notarization of certificates, and the use of hosted wallets.
If you use blockchain features, you also accept the third-party blockchain provider's rules and terms (currently Commercio.network, see https://hazelbit.ro/tos).
• $HZBT and $HZTR are not securities, investment contracts, shares, debt instruments, e-money, or asset-referenced tokens under EU Regulation 2023/1114 (MiCAR).
• They do not represent ownership of Hazelbit SRL or its plantations.
• They are digital access instruments that symbolize participation in Hazelbit's ESG programs.
• $HZBT utility tokens may be required for acquiring NFTs or accessing specific services.
• $HZTR NFTs symbolize the sponsorship of a hazelnut tree and may grant a Harvest Benefit (see ToS §10).
• Tokens and NFTs may have no market value.
• They may not be listed on any exchange, or may be delisted at any time.
• Hazelbit does not guarantee convertibility into fiat or crypto.
• For convenience, Hazelbit (or an authorized partner) may provide a hosted wallet.
• Private keys are stored securely within Hazelbit's systems.
• Users do not have direct access to private keys.
• Hazelbit is not responsible for losses caused by user negligence (weak passwords, phishing, device compromise).
• Wallet availability may be affected by network outages, congestion, or third-party failures.
• Tokens and NFTs may be transferred only to wallets compatible with the supported blockchain standards (e.g., CW-20 Cosmos for Commercio.network).
• Transfers outside supported environments are at your sole risk.
• All blockchain transactions (NFT issuance, token transfers, certificate notarizations) are irreversible.
• Personal data (e.g., wallet addresses, TxIDs) written on chain cannot be altered or erased ("immutability").
• Hazelbit cannot reverse, modify, or delete confirmed transactions.
You acknowledge and accept that:
• Blockchain technology is experimental and evolving.
• There may be bugs, security vulnerabilities, or protocol changes.
• Transactions may fail, be delayed, or incur network fees.
• Market value of tokens/NFTs may fluctuate or collapse to zero.
• Regulatory changes may impact your ability to hold or transfer tokens/NFTs.
• Hazelbit does not provide investment advice.
Where an NFT includes a Harvest Benefit:
• Actual yields depend on agricultural, environmental, and economic factors.
• Hazelbit provides no guarantee of a minimum or fixed return.
• Redemption of benefits may be limited by logistics, food safety regulations, or force majeure.
• Non-redeemed benefits may expire as described in the Redemption Policy.
You must not use tokens, NFTs, or blockchain services to:
• Violate AML/CTF or sanctions laws.
• Engage in market manipulation, speculative trading in prohibited jurisdictions, or tax evasion.
• Circumvent network rules, exploit bugs, or attempt double-spending.
Hazelbit does not provide investment, legal, or tax advice. You are solely responsible for:
• Assessing the suitability of tokens/NFTs for your purposes.
• Obtaining independent legal or financial advice.
• Meeting any tax obligations arising from ownership or redemption.
To the maximum extent permitted by law:
• Hazelbit is not liable for loss of value, access, or functionality of tokens/NFTs due to blockchain risks.
• Hazelbit is not responsible for losses from unauthorized access caused by user negligence.
• Hazelbit's total liability is capped as stated in the Terms of Service.
Hazelbit may amend these Blockchain Terms to reflect technological or legal changes. Notice will be given by email or in-app, and continued use indicates acceptance.