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AIRDROP POLICY FOR MARINE COIN

Fractional Shipping Ownership LLC

Suite 305, Griffith Corporate Centre,

Kingstown, St. Vincent and the Grenadines

Entity ID : 2728 LLC 2022

Marine Coin ($MRN) tokens are a digital asset issued by Fractional Shipping Ownership LLC, with a registered office at Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines and Entity ID: 2728 LLC 2022. In an effort to expand the adoption of $MRN tokens and reward loyal users of Shipfinex Platform, we are pleased to announce an upcoming airdrop of $MRN tokens.
 

This airdrop is intended to incentivize and reward users who hold $MRN tokens on Shipfinex Platform, and who have completed KYC verification. 

The airdrop will consist of three types: standard, bounty, and exclusive, and will be distributed based on specific eligibility criteria, allocation, and timing. 

Please read the following policy carefully to understand the terms and conditions of the airdrop, and ensure your eligibility for the airdrop by completing KYC verification on Shipfinex Platform and holding the minimum required amount of $MRN tokens in your Shipfinex wallet.
 

1. Definitions

  • “Airdrop” means the distribution of a specific amount of $MRN tokens to eligible Shipfinex Platform users, based on specific eligibility criteria, allocation, and timing.

  • “Standard Airdrop” means the type of airdrop that is open to all eligible users on Shipfinex Platform who meet the eligibility criteria.

  • “Bounty Airdrop” means the type of airdrop that is open to users who complete certain tasks, such as social media sharing, content creation, or referrals.

  • “Exclusive Airdrop” means the type of airdrop that is open to a select group of users who meet specific criteria, such as high trading volumes or long-term holding of $MRN tokens.

  • “Allocation” means the number of $MRN tokens that each eligible participant will receive in the airdrop, which will vary depending on the type of airdrop, eligibility criteria, and other factors.

  • “Distribution Date” means the specified date on which $MRN tokens will be distributed to participants' wallets on Shipfinex Platform.

  • “KYC Verification” means the process of verifying the identity of a user on Shipfinex Platform, which includes submitting identification documents and personal information to comply with Know Your Customer (KYC) regulations.


2. Eligibility Criteria

  • Must be a registered user of Shipfinex Platform.

  • Must hold a minimum amount of $MRN tokens in their Shipfinex Wallet to be eligible for the airdrop, which will vary depending on the type of airdrop

  • Must have completed KYC verification on Shipfinex Platform.

  • Must not have been involved in any fraudulent activity on Shipfinex Platform.

 

3. Token Allocation

  • Total Allocation: A total of <number> $MRN tokens will be allocated for the airdrop, which will be distributed among the three types of airdrops based on predetermined ratios.

  • Standard Airdrop Allocation: <number> $MRN tokens will be allocated for the Standard Airdrop, which will be distributed equally among all eligible participants who meet the eligibility criteria.

  • Bounty Airdrop Allocation: <number> $MRN tokens will be allocated for the Bounty Airdrop, which will be distributed among participants who complete specific tasks, such as social media sharing, content creation, or referrals. The allocation will be based on the tasks completed by the participant and will be calculated by the Shipfinex Platform.

  • Exclusive Airdrop Allocation: <number> $MRN tokens will be allocated for the Exclusive Airdrop, which will be distributed among a select group of users who meet specific criteria, such as high trading volumes or long-term holding of $MRN tokens. The allocation will be based on the user's eligibility and will be determined by the Shipfinex Platform.

  • Unclaimed Tokens: Any unclaimed $MRN tokens from the airdrop will be held by Fractional Shipping Ownership LLC for future distribution or use.

  • Changes in Allocation: Fractional Shipping Ownership LLC reserves the right to change the allocation of $MRN tokens for the airdrop at any time, depending on market conditions, user demand, or other factors.

  • Distribution Date: The $MRN tokens will be distributed to eligible participants' wallets on the specified distribution date, which will be announced by the Shipfinex Platform.

 

4. Process for Airdrop

  • Eligibility Check: To be eligible for the airdrop, users must hold a minimum amount of $MRN tokens in their Shipfinex Wallet and complete KYC verification on Shipfinex Platform. The eligibility of each user will be verified by the Shipfinex Platform before the airdrop distribution date.

  • Notification: Eligible users will receive a notification from the Shipfinex Platform about the airdrop distribution date, eligibility, and allocation.

  • Airdrop Distribution: On the distribution date, the $MRN tokens will be distributed to eligible participants' wallets on Shipfinex Platform, based on their eligibility and allocation for the airdrop.

  • Verification: After the distribution of $MRN tokens, participants should verify the received tokens in their wallets to ensure that the correct amount has been distributed.

  • Unclaimed Tokens: Any unclaimed $MRN tokens from the airdrop will be held by Fractional Shipping Ownership LLC for future distribution or use.

  • Support: In case of any issues or concerns regarding the airdrop, participants can contact the support team on the Shipfinex Platform for assistance.

 

5. Timings

  • Airdrop Announcement: The announcement of the $MRN Token Airdrop will be made on the Shipfinex Platform and other official communication channels. The announcement will include the allocation, eligibility criteria, process, and distribution date.

  • Airdrop Duration: The $MRN Token Airdrop will have a fixed duration of <number> days from the announcement date. During this period, eligible users can participate in the airdrop and complete the required tasks for the Bounty Airdrop.

  • Distribution Date: The $MRN tokens will be distributed to eligible participants' wallets on the specified distribution date, which will be announced by the Shipfinex Platform after the airdrop duration ends.

  • Delay or Cancellation: Fractional Shipping Ownership LLC reserves the right to delay or cancel the $MRN Token Airdrop at any time, depending on market conditions, user demand, or other factors. In case of any delay or cancellation, eligible participants will be notified via official communication channels.

  • Changes in Timings: Fractional Shipping Ownership LLC reserves the right to change the timings of the $MRN Token Airdrop at any time, depending on market conditions, user demand, or other factors. In case of any changes, eligible participants will be notified via official communication channels.

  • Support: In case of any issues or concerns regarding the timings of the airdrop, participants can contact the support team on the Shipfinex Platform for assistance.

 

6. Communication

  • Official Communication Channels: All official communication regarding the $MRN Token Airdrop will be made through the Shipfinex Platform and other official communication channels, such as social media, email, and blog posts.

  • Language: All official communication regarding the $MRN Token Airdrop will be in English. However, Fractional Shipping Ownership LLC may provide translation services in other languages at its discretion.

  • Updates: Any updates or changes regarding the $MRN Token Airdrop, including the allocation, eligibility criteria, process, distribution date, or timings, will be communicated to participants via official communication channels.

  • Notifications: Eligible participants will receive notifications from the Shipfinex Platform about their eligibility, allocation, and the distribution date of $MRN tokens. In case of any changes or updates, participants will be notified via official communication channels.

  • Support: Participants can contact the support team on the Shipfinex Platform for any issues or concerns regarding the $MRN Token Airdrop or official communication channels.

  • Social Media: Fractional Shipping Ownership LLC may use social media channels to promote the $MRN Token Airdrop, share updates, and answer questions from participants. However, social media channels will not be used as the primary mode of communication.

 

7. Anti-Fraud Measures

  • KYC Verification: All participants must complete the KYC verification process on the Shipfinex Platform to be eligible for the $MRN Token Airdrop. KYC verification helps to prevent fraudulent activities, such as creating multiple accounts, using fake identities, or using bots.

  • Whitelisting: Fractional Shipping Ownership LLC may use a whitelisting process to ensure that only eligible participants receive the $MRN Token Airdrop. The whitelisting process may include verifying the identity of participants, checking their $MRN token holdings, and ensuring that they have completed the required tasks for the Bounty Airdrop.

  • IP Address Monitoring: The Shipfinex Platform may monitor the IP addresses of participants to detect any suspicious activities, such as multiple accounts from the same IP address.

  • Anti-Bot Measures: The Shipfinex Platform may use anti-bot measures, such as Captcha verification or manual verification, to prevent the use of bots and ensure that only human participants receive the $MRN Token Airdrop.

  • Fraud Detection: The Shipfinex Platform may use fraud detection tools and techniques to detect any fraudulent activities, such as creating multiple accounts, using fake identities, or using bots. Any participants found engaging in fraudulent activities will be disqualified from the $MRN Token Airdrop.

  • Legal Action: Fractional Shipping Ownership LLC may take legal action against any participants found engaging in fraudulent activities, such as creating multiple accounts, using fake identities, or using bots.
     

8. Legal Compliance

  • Regulatory Compliance: Fractional Shipping Ownership LLC will comply with all applicable laws, regulations, and guidelines related to the $MRN Token Airdrop, including anti-money laundering (AML) and know your customer (KYC) regulations.

  • Taxation: Participants are responsible for complying with their own tax obligations related to the $MRN Token Airdrop. Fractional Shipping Ownership LLC will not provide any tax advice or assistance.

  • Termination: Fractional Shipping Ownership LLC may terminate the $MRN Token Airdrop at any time, at its sole discretion, in compliance with all applicable laws and regulations.

  • Disclaimers: Fractional Shipping Ownership LLC will provide disclaimers regarding the risks and limitations of the $MRN Token Airdrop, including risks related to market fluctuations, technological limitations, and regulatory changes.

  • Legal Advice: Participants are responsible for obtaining their own legal advice related to the $MRN Token Airdrop. Fractional Shipping Ownership LLC will not provide any legal advice or assistance.


9. Disclaimers

  • Market Risks: Participation in the $MRN Token Airdrop involves market risks, including the risk of price fluctuations and market volatility. Participants should carefully consider their investment objectives and risk tolerance before participating.

  • Technological Risks: Participation in the $MRN Token Airdrop involves technological risks, including the risk of technical glitches, errors, and hacking. Participants should use reliable and secure systems to participate in the Airdrop.

  • Regulatory Risks: Participation in the $MRN Token Airdrop involves regulatory risks, including the risk of changes in regulatory frameworks or laws that may affect the Airdrop. Participants should carefully consider the applicable laws and regulations before participating.

  • No Guarantees: Fractional Shipping Ownership LLC does not guarantee any specific outcome or result for the $MRN Token Airdrop. The Airdrop is subject to market fluctuations, technological limitations, and regulatory changes, which may affect the outcome of the Airdrop.

  • No Investment Advice: The $MRN Token Airdrop is not intended to be investment advice or a recommendation to buy, sell, or hold any securities or assets. Participants should seek their own financial and investment advice before participating.

  • No Liability: Fractional Shipping Ownership LLC will not be liable for any losses or damages incurred by participants as a result of their participation in the $MRN Token Airdrop. Participants participate at their own risk and responsibility.
     

10. Indemnification

  • Protection of Fractional Shipping Ownership LLC and Shipfinex Platform: Fractional Shipping Ownership LLC and Shipfinex will not be liable for any losses or damages incurred by participants as a result of any disputes related to the $MRN Token Airdrop. Participants participate at their own risk and responsibility.

  • Indemnification: Participants agree to indemnify and hold harmless Fractional Shipping Ownership LLC and Shipfinex from any claims, damages, or losses arising out of or related to their participation in the $MRN Token Airdrop.

 

11. Queries and Feedback 

  • Support Channels: Fractional Shipping Ownership LLC will provide support channels for participants to ask questions and provide feedback related to the $MRN Token Airdrop. These support channels may include email, chat, or other communication channels.

  • Response Time: Fractional Shipping Ownership LLC will endeavor to respond to participant queries and feedback in a timely and professional manner. The response time may vary depending on the volume and complexity of the queries.

  • Feedback: Participants are encouraged to provide feedback at <email id> related to the $MRN Token Airdrop, including suggestions for improvement and areas of concern. Fractional Shipping Ownership LLC will consider all feedback and take appropriate action, as needed.

  • Complaints: Participants may also file complaints at <email id> related to the $MRN Token Airdrop, including complaints related to fraud, misrepresentation, or other violations of the Airdrop policy. Fractional Shipping Ownership LLC will investigate all complaints and take appropriate action, as needed.

  • Confidentiality: Fractional Shipping Ownership LLC will maintain the confidentiality of participant queries, feedback, and complaints, except as required by law or regulation.

  • Dispute Resolution: In the event of any disputes related to the $MRN Token Airdrop, participants may refer to the dispute resolution mechanism specified in the Terms of Use.

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