# Welcome to TaleX

**A user-driven ecosystem for Real-World Businesses.**

By featuring traditional consumer-oriented businesses as RWB projects, TaleX helps entrepreneurs boost their product sales while allowing their customers to benefit from business growth.

The result is more than financial innovation — it is the foundation of a **user-driven business model**, a new paradigm in the global economy where customers and businesses grow together.

As of **15 July 2026**, TaleX ecosystem includes the following projects:

* **ViewsCall:** The YouTube prediction market (open beta in July 2026).
* [**RoamFi**](https://roamfi.net/)**:** One global eSIM for 200+ destinations.
* [**TaleX**](https://talex.world/)**:** A new content app where great content pays off both creators and supporters.

### Jump right in 

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="image">Cover image</th><th data-hidden></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><h4><strong>Real-World Business (RWB)</strong></h4></td><td>What, why, and how</td><td><a href="/files/UlxbyShBVSpEqNlGxFDa">/files/UlxbyShBVSpEqNlGxFDa</a></td><td></td><td><a href="/pages/Zvukm7MAGL6ooitMTmpY">/pages/Zvukm7MAGL6ooitMTmpY</a></td></tr><tr><td><h4>ViewsCall</h4></td><td>The YouTube prediction market</td><td><a href="/files/mgo282WQrYP43MLhKhfu">/files/mgo282WQrYP43MLhKhfu</a></td><td></td><td><a href="/pages/Lspgi3E5deBt6A5cCCV7">/pages/Lspgi3E5deBt6A5cCCV7</a></td></tr><tr><td><h4>RoamFi</h4></td><td>One global eSIM for 200+ destinations</td><td><a href="/files/xPCxUFuBQJsjsV6WsPe7">/files/xPCxUFuBQJsjsV6WsPe7</a></td><td></td><td><a href="/pages/XY7NVXnMq5KK76m5KJ4s">/pages/XY7NVXnMq5KK76m5KJ4s</a></td></tr><tr><td><h4>TaleX content app</h4></td><td>A new content app where great content pays off both creators and supporters</td><td><a href="/files/t8NBi3s3506A5H6yobah">/files/t8NBi3s3506A5H6yobah</a></td><td></td><td><a href="/pages/W7ummLvyoDkI86z4lm0K">/pages/W7ummLvyoDkI86z4lm0K</a></td></tr><tr><td><h4><strong>TaleX Tokenomics</strong></h4></td><td>Our financial rails</td><td><a href="/files/b4azQinebIMDrtOxbgOL">/files/b4azQinebIMDrtOxbgOL</a></td><td></td><td><a href="/pages/tU3OojfGKgH3UieMI249">/pages/tU3OojfGKgH3UieMI249</a></td></tr><tr><td><h4><strong>TaleX Portfolio</strong></h4></td><td>Our investments</td><td><a href="/files/b4azQinebIMDrtOxbgOL">/files/b4azQinebIMDrtOxbgOL</a></td><td></td><td><a href="/pages/RuAQ1RkCQsRZMM1TSJPi">/pages/RuAQ1RkCQsRZMM1TSJPi</a></td></tr></tbody></table>

***Note:** TaleX is currently in the public beta stage, therefore the content in the documents may be changed in the future.*


# What is RWB?

<figure><img src="/files/tqoWT07xaygbd784pFMd" alt=""><figcaption><p>If RWA represents tokenized finance — RWB represents tokenized economics.</p></figcaption></figure>

### **RWB: Tokenizing Real-World Businesses to Open a New Paradigm for RWA**

Since the concept of Real-World Asset (RWA) began to attract wide attention in 2022, the main exploration has focused on putting traditional financial assets on-chain: for example, tokenized stocks, bonds, real estate, or credit products.

However, these attempts are merely wrapping an old financial instrument into a new on-chain shell. Those builders claim that this approach allows more small-scale retail investors to participate in trading, and extends trading hours to 7x24. Such “value” seems meaningless.

> It’s hard to imagine — if Satoshi Nakamoto knew we were using the blockchain technology he invented to mirror Nasdaq stocks, wouldn’t he feel betrayed?

{% hint style="info" %}
Bitcoin, as a peer-to-peer electronic cash system, was positioned to **replace fiat currency**, not to serve as a supplement to it.
{% endhint %}

Similarly, today’s blockchain asset paradigm and the traditional financial asset paradigm are in a relationship of competition, not supplementation. The core of this competition between asset ecosystems is: can this new asset class capture value that the old paradigm was unable to capture?

A bond, in essence, is the right to claim a fixed amount of cash from a company at some future point in time.

A stock is proof of ownership of a company; minority shareholders can hardly actively claim value from the company and can only passively wait for favors from majority shareholders.

> Is there an asset, regardless of the quantity held, that can not only capture the company’s core value but also allow holders to claim that value from the company at any time?

### **The Real Value of Business: Cash Flow**

Every business must ultimately answer one question: how does it make money?

There is only one answer: cash flow generated from the sales of products and services.

{% hint style="success" %}
**The cash flow generated from product and service sales is the most natural, verifiable, and sustainable real-world value.** It is also the real core value of a business.
{% endhint %}

Before the emergence of blockchain technology, none of the existing asset classes could directly connect to the business’s core value — cash flow. Stockholders could only cash out by finding someone else to take over, but could not actively demand the company to buy back. This has led to today’s absurd phenomenon where many companies’ cash reserves exceed their market capitalization.

This is the starting point of the new type of RWA token: it is directly linked to product demand and business cash flow. Every real-world purchase can generate on-chain liquidity and token rewards, with treasury funds transparently growing alongside product sales, anchoring digital assets firmly in product sales.

This new type of RWA token is called the RWB token (Real-World Business Token), which is built on three core concepts:

1. **Proof-of-Purchase (PoP)**
2. **Tokens Replacing Loyalty Points**
3. **Treasury as Liquidity Pool**

<figure><img src="/files/zJVGpOL8fzCE53LkCziu" alt=""><figcaption><p>Three core concepts of a Real-World Business (RWB)</p></figcaption></figure>

Together, these three concepts form a **user-driven business model** — first proposed by TaleX, applicable to any real-world product or service that involves consumer scenarios: from financial funds, platform economies, and infrastructure, to mobile communication, transportation, food delivery, consumer electronics, tourism, fashion, and more.


# Proof-of-Purchase (PoP)

<figure><img src="/files/BJeF6GXOVNkBNhB4F9RM" alt=""><figcaption><p>Proof-of-Work vs. Proof-of-Purchase</p></figcaption></figure>

Classical economics has long considered that market demand is the source of everything, and the slogan “the customer is king” has been widely spread. However, demand has always been regarded as a random and passive behavior that cannot be accurately measured or empowered. No one has ever considered demand itself to be an economic resource qualified to participate in distribution.

This has led to demand being ignored for a long time in the process of wealth distribution.

<figure><img src="/files/WlzqH5tyXVZ4fy0B5okt" alt=""><figcaption><p>Proof-of-Purchase Logic</p></figcaption></figure>

Today, computers and blockchain technology have changed this issue. Tokens can be issued based on **Proof-of-Purchase (PoP)** from demand-side participants, tracking the generation of business cash flow, and further driving the growth of cash flow through token incentives.

Specifically:

* Every real-world purchase (buying coffee, taking a ride, using SaaS services) can be precisely recorded and synchronized on-chain.
* Tokens are no longer issued through meaningless computational mining or out of thin air. Every real-world purchase becomes the source of token issuance.
* Businesses inject the cash flow obtained from sales into the on-chain treasury as liquidity pool, linking it directly to token value.
* The treasury as liquidity pool becomes a transparent bridge between businesses and their customers, forming a verifiable and sustainable growth cycle.

This logic creates an entirely new business model:

{% hint style="success" %}
**Purchase → Cash Flow Generation → Token Rewards → Users Benefit → More Purchases → More Cash Flow**
{% endhint %}

In this logic, purchases are no longer passive but become an active, consensus-forming force: they drive the growth of on-chain liquidity, enhance the transparent business treasury, and firmly anchor digital assets to product sales. This not only removes the embarrassment of “airdrops” (tokens issued without backing), but also makes purchasing behavior the true center of value.


# Tokens Replacing Loyalty Points

<figure><img src="/files/fsdeMHd3y2j9SfqTnjDv" alt=""><figcaption><p>Unlimited Loyalty Points vs. Limited-Supply Tokens</p></figcaption></figure>

The concept of “Tokens Replacing Loyalty Points” represents a fundamental shift in how consumer incentives can be designed.

## **1. Limitations of Traditional Loyalty Points**

For decades, traditional consumer incentive systems have relied on loyalty points to attract customers and increase retention. But this model has deep structural problems:

* **No difference between early and late customers:** no matter when you join, the value of points is the same, offering no recognition for early supporters.
* **Unlimited issuance, continuous devaluation:** points have no cap; the more they are issued, the faster they inflate and lose value.
* **Cash flow pressure:** customers tend to redeem points as quickly as possible before they lose value, creating liquidity pressure for businesses.

This relationship is **zero-sum**: what benefits customers harms the business, and what benefits the business devalues customer rewards. A true win-win cannot be achieved.

## **2. Advantages of Token Incentives**

Replacing loyalty points with tokens fundamentally changes the incentive logic:

* **Scarcity and value potential:** tokens have a total supply cap and follow a decreasing issuance curve. As the business develops, their value may rise, directly rewarding early customers and long-term holders.
* **Reduced redemption pressure:** customers are inclined to hold tokens in anticipation of appreciation, rather than rushing to redeem, reducing pressure on business cash flow.
* **Market-based pricing:** tokens can circulate freely in the secondary market, with their price reflecting the market’s expectation of business success, creating a transparent feedback loop between adoption and value.

When business grows steadily and token prices rise accordingly, a dual effect emerges: customers pay more attention and purchase more willingly, while businesses gain stronger motivation. This alignment of interests creates a **true win-win**.

## **3. Linking Product Sales to Growth for All**

The tradable nature of tokens makes them the core reserve asset of an on-chain business treasury. For the first time, product sales cash flow is directly tied to business growth:

* The more products sold → the higher the business cash flow
* The higher the cash flow → the more liquidity injected into the on-chain treasury
* The more liquidity → the stronger price support for the token
* Token value rises → all token holders benefit

For the first time, consumers can truly feel that consumption not only brings product usage, but also generates returns. This further stimulates purchasing behavior, increases product sales cash flow, and creates a positive cycle of mutual growth between businesses and their customers.

## **4. Comparison: Traditional Loyalty Points vs. Tokens**

<table><thead><tr><th width="195.20001220703125">Dimension</th><th width="259.800048828125">Traditional Loyalty Points</th><th>Tokens</th></tr></thead><tbody><tr><td><strong>Issuance Mechanism</strong></td><td>Unlimited issuance, continuous inflation, leading to devaluation</td><td>Limited total supply, or decreasing issuance by rules, ensuring scarcity</td></tr><tr><td><strong>Value Stability</strong></td><td>Continuously devalues over time</td><td>Potential to appreciate with project development and market demand</td></tr><tr><td><strong>Customer Incentives</strong></td><td>No difference between early and late customers</td><td>Early customers have more opportunities to gain additional benefits</td></tr><tr><td><strong>Liquidity</strong></td><td>Can only be consumed or redeemed within the business</td><td>Freely tradable on secondary markets, with asset properties</td></tr><tr><td><strong>Price Discovery</strong></td><td>No market price, only determined by the business party</td><td>Market-based pricing, transparent and public</td></tr><tr><td><strong>Impact on Cash Flows</strong></td><td>Customers tend to use loyalty points quickly, causing cash flows pressure</td><td>Customers tend to hold long-term, relieving pressure on cash flows</td></tr><tr><td><strong>Customer Experience</strong></td><td>Expires once used, no asset property</td><td>Can appreciate in value, consumption becomes acquiring tangible value, forming positive loop</td></tr><tr><td><strong>Business Value Link</strong></td><td>Detached from business growth</td><td>Treasury-reserved tokens directly link consumption with growth</td></tr></tbody></table>


# Treasury as Liquidity Pool

<figure><img src="/files/5XW9TdHRCWIkCW010ebB" alt=""><figcaption><p>Hidden Bank Account vs. Treasury as Liquidity Pool</p></figcaption></figure>

## **1. The Significance of a Public Treasury**

In traditional enterprises, company treasuries are hidden in bank accounts, accessible only to a few senior executives. Even with modern auditing, financial information can only be disclosed periodically, lacking real-time transparency.

For private companies, audits are both time-consuming and costly, often unsustainable in the long-term. Yet these companies maintain continuous interactions with investors, partners, and users — all of whom demand transparency.

Blockchain provides the breakthrough. When assets exist on-chain, anyone can verify them instantly at zero extra cost to the business. This transparency significantly lowers the trust threshold and enhances the organization’s credibility in the eyes of its supporters.

## **2. Treasury Composition**

For any DAO (Decentralized Autonomous Organization) as RWB (Real-World Business) that issues governance tokens and replaces loyalty points with tokens, transparency of the treasury is critical. A well-designed treasury should include digital assets that ensure both stability and growth potential. Diversification ensures resilience and alignment with the broader ecosystem, while governance tokens remain the core value reserve.

{% hint style="info" %}
In order to maintain the market stability of DAO's governance token and avoid severe price fluctuations caused by asset volatility, the treasury of each RWB project is configured with other reserve assets:

* [**$BNB**](https://coinmarketcap.com/currencies/bnb/) **— Governance token of the BNB Chain, the ecological asset on which DAO relies.**
* [**$BTC**](https://coinmarketcap.com/currencies/bitcoin/) **— The starting point of the blockchain industry and its core value reserve.**
  {% endhint %}

This configuration not only enhances the stability of the treasury but also allows it to share growth within its respective ecosystems.

## **3. Treasury Enhancement Mechanism**

The mechanism is straightforward: net cash flow from product sales (after deducting taxes and costs) is converted into digital assets and deposited into the on-chain treasury. Over time, the treasury’s scale grows in direct proportion to real-world product sales.

{% hint style="info" %}
Every RWB asset storage ratio by default: **RWB token :** [**$BNB**](https://coinmarketcap.com/currencies/bnb/) **= 1 : 1**
{% endhint %}

The asset storage ratio can be adjusted through DAO governance to flexibly adapt to market fluctuations.

## **4. Treasury Usage Rules**

All inflows and outflows of the treasury are transparent and governed by community-approved rules. Withdrawals must follow proportional allocation to maintain structural stability. Regular financial reports and budgets ensure accountability, transforming what was once an opaque process into an open, verifiable mechanism.

## **5. Treasury as Liquidity Pool**

AMM (Automated Market Maker) is a groundbreaking blockchain innovation that enables the treasury to exist as “all assets injected into a liquidity pool”, while simultaneously providing the ability to trade with external markets in real time.

Every business's governance token holder can at any time put their tokens into the liquidity pool and exchange them for other assets in the treasury — such as stablecoins or $BNB/$BTC asset tokens. Likewise, any potential holder can at any time put their stablecoins or $BNB/$BTC asset tokens into the liquidity pool in exchange for the business’s governance tokens.

{% hint style="info" %}
All RWB treasury assets are added to liquidity pools through decentralized exchanges (DEX), specifically configured as follows by default:

* **RWB token :** [**$BNB**](https://coinmarketcap.com/currencies/bnb/) **(100%)**
  {% endhint %}

In the traditional equity system, shareholders’ ownership rarely connects directly and in real time with business assets. The **Treasury as Liquidity Pool** model fills this gap for the first time, directly linking tokenized governance with underlying reserves.

Entering and exiting have never been such a free experience. This will inevitably lead to a new kind of “execution team-investor” relationship. It creates a new paradigm for decentralized organizations: the treasury is no longer a secret vault, but an open, dynamic, and liquid foundation for growth.


# About

**ViewsCall is the YouTube prediction market.**

It is soon to be launched by TaleX, and is one of the projects of the TaleX ecosystem.

{% hint style="success" icon="lightbulb" %}
***Called it when this had 1K views, now it's 10M.*** — For years, fans spotted successful YouTube videos early, and earned nothing but credit in the comments.

With ViewsCall, fans can finally say “Yes” to the impossible view milestones, and profit by making them possible. Creators can fund the other side to hedge production costs, while booming views earn them far more from YouTube ad revenue. Both sides win on the same call.

Win-win for everyone. Prediction determines outcome.
{% endhint %}

ViewsCall is the **Real-World Business (RWB)** project that is expected to realize the following concepts at the initial phase after launch:

* Treasury as Liquidity Pool ($X/$BNB)

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="image">Cover image</th></tr></thead><tbody><tr><td>ViewsCall website (open beta in July 2026)</td><td><a href="/files/mgo282WQrYP43MLhKhfu">/files/mgo282WQrYP43MLhKhfu</a></td></tr></tbody></table>


# About

**RoamFi is a global eSIM data service platform.**

It is jointly launched by Japan eSIM Co., Ltd. and TaleX, and is one of the projects of the TaleX ecosystem.

{% hint style="success" icon="lightbulb" %}
***Choosing an eSIM shouldn't take longer than the trip.*** — Travelers drown in endless eSIM options, and buying a local SIM abroad means queues, paperwork, and a number you’ll never use again.

With RoamFi, one eSIM keeps you connected the moment you land — no choosing, no queues, no local SIM. And it pays you back: every RoamFi user can share in the profit from every RoamFi eSIM sold around the world after them.

A smart eSIM that can earn back more than you paid.
{% endhint %}

RoamFi is the **Real-World Business (RWB)** project that is currently realizes the following concepts:

* Proof-of-Purchase (PoP)
* Token Replacing Loyalty Points
* Treasury as Liquidity Pool ($RF/$X & $RF/$BNB)

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="image">Cover image</th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>RoamFi website</td><td><a href="/files/xPCxUFuBQJsjsV6WsPe7">/files/xPCxUFuBQJsjsV6WsPe7</a></td><td><a href="https://roamfi.net/">https://roamfi.net/</a></td></tr><tr><td>RoamFi docs</td><td><a href="/files/xPCxUFuBQJsjsV6WsPe7">/files/xPCxUFuBQJsjsV6WsPe7</a></td><td><a href="https://docs.roamfi.net/">https://docs.roamfi.net/</a></td></tr></tbody></table>


# About

**TaleX content app is a new content app where great content pays off both creators and supporters.**

It is launched by TaleX, and is one of the projects of the TaleX ecosystem.

{% hint style="success" icon="lightbulb" %}
***Great work often goes unseen, while creators burn out chasing traffic.*** — Independent creators fight for every view, until promoting their work matters more than making it.

With TaleX, fans can support creators by directly purchasing their content, and can share in the profit from the same content being bought by other fans after them. Supporters become promoters, so creators can finally focus on the work, not the traffic.

Create great content. Support early. Grow together.
{% endhint %}

TaleX content app is the **Real-World Business (RWB)** project that is currently realizes the following concepts:

* Proof-of-Purchase (PoP)
* Token Replacing Loyalty Points
* Treasury as Liquidity Pool ($X/$BNB)

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="image">Cover image</th></tr></thead><tbody><tr><td>TaleX content app website</td><td><a href="/files/t8NBi3s3506A5H6yobah">/files/t8NBi3s3506A5H6yobah</a></td></tr></tbody></table>


# More details


# Product Background

From Subscription Fatigue to “Predictive Paid Content”

Over the past decade, several major shifts have happened in the content industry:

* Large media organizations have declined, and more creators have chosen to work independently;
* Content formats have become increasingly fragmented and short-lived, with high update frequency and short lifecycles;
* Subscription-based growth has stalled, and many creators struggle to break through a ceiling in paid subscribers;
* Platform traffic distribution has become extremely centralized, making it hard for creators to gain stable exposure;
* Users’ information feeds are dominated by ads, sponsored content, and algorithms, causing high-quality content to drown in noise.

#### For creators:

Subscriptions are hard to grow, ads are hard to sell. What’s truly scarce is a stable monetization path and a predictable distribution path.

#### For users:

The bigger problem is information overload — yet truly valuable content is becoming harder to discover.

In this environment, the traditional model of “follow + subscribe + passive recommendation” is failing:

* Subscription models bind creators and users together, but users only pay for a few top-tier creators;
* Most mid-tier and long-tail creators struggle to monetize high-quality individual content pieces;
* Platforms optimize recommendations for advertising revenue, effectively selling users’ time and attention instead of serving users’ real interests.

We believe the next generation of content platforms must have three core characteristics:

1. Pay per content, instead of forcing users to subscribe to an entire creator;
2. Allow users to actively express “like / dislike” and build their own information pathways;
3. Make the act of payment itself a prediction on future content popularity, with built-in economic incentives.

Based on this belief, we designed the Per-Content Purchase + Content Prediction Market mechanism — a new app model that serves premium, paid content, rather than pure traffic-driven entertainment.


# Overview

Per-Content Purchase + Prediction Market Mechanism

When a user pays an amount X for a piece of content, the system automatically splits it into **two completely independent actions**:

#### 1. Content Value Payment (20%)

**0.2X → Creator**

This is traditional content payment:

* Recognition of the intrinsic value of the work;
* Direct cash income for the creator;
* Does not participate in any future prediction or redistribution mechanics.

#### 2. Prediction Market Payment (80%)

**0.8X → Senior Reward Pool (Reward Pool)**

This represents participation in a **content-based prediction game:**

* The user is predicting the **future popularity** of the content;
* This 80% is not an additional tip to the creator, but enters a **“senior / junior” redistribution mechanism;**
* The 80% is used to reward users who paid earlier for the same content (the “seniors”) as a form of gratitude for helping spread it.

Therefore:

* **20% = content value payment;**
* **80% = appears as gratitude for the distribution chain, but is fundamentally a prediction market transaction.**

The two logics are independent, clear, and easy to understand.


# User Payment

Two Payments, Two Different Motivation

When a user pays amount X, they are actually doing two separate things:

#### **1. Content Value Layer: Is this content worth paying for?**

This is the **consumption motivation**:

> **I recognize the value of this content and I’m willing to pay for it.**

* 20% of the payment goes to the creator as support — this is a direct value exchange.

The corresponding experience includes:

* The platform is fundamentally **paid-content-first**, not free content funded by ads.
* Clicking **“Like”** means the user is willing to **pay to support this content.**
* Clicking **“Dislike”** reduces similar content in the feed, allowing the information stream to quickly converge toward the user’s preferences.

#### **2. Prediction Market Layer: Will this content become popular?**

This is a mix of **gratitude + incentive + game motivation:**

> I think this content is great, and I want to thank the people who helped spread it to me.
>
> I can help push this piece to spread further and help make the prediction come true.
>
> Since it’s so good, more people will read it and tip it later. If I act now, I have a chance to share in juniors’ tips.

* This part corresponds to the 80% that flows into the **Senior Reward Pool.**
* It does not change the intrinsic value of the content, but instead builds a lightweight prediction market around:

“Who can spread better, see more clearly, and dare to act earlier?”


# How Does the Prediction Market Work?

The “Senior / Junior” Mechanism

When a user becomes the **n-th tipper** of a piece of content:

* Everyone who tipped before them is called their **“seniors”**.
* Everyone who tips after them is called their **“juniors”**.

Whenever a junior tips:

* 20% of their payment still goes directly to the creator;
* The other 80% is distributed, based on **time window and amount weighting**, to the seniors before them.

So, if a user tips **before** a content piece explodes:

* They appear in the senior lists of many future juniors;
* They receive thank-you rewards from more juniors, meaning they **predicted correctly**.

If they tip after the peak:

* They are a late participant and will receive less future distribution;
* But they still complete a value support to the content (20%).

All returns come **entirely** from subsequent real user tips:

* There is no system guarantee;
* No promised returns;
* No multi-level rebate structure.


# User-Centric Design

Four Time Windows: 1 Day / 7 Days / 30 Days / 365 Days

{% hint style="success" %}
One key design principle is:

**Time windows are defined relative to each user’s payment action, not relative to the content itself.**
{% endhint %}

* Each time a user tips content, that action receives a maximum 365-day earning lifecycle.
* During these 365 days, the user appears in future supporters’ "senior lists” with different weights over time.

For each junior tip, the 80% prediction pool is split into four layers:

| Senior Layer | Time Range (relative to junior’s tip time)  | Share of 80% | Amount (of X) |
| ------------ | ------------------------------------------- | ------------ | ------------- |
| L1           | Seniors who tipped within the last 24 hours | 40%          | 0.4X          |
| L2           | Seniors who tipped 1–7 days ago             | 30%          | 0.3X          |
| L3           | Seniors who tipped 8–30 days ago            | 20%          | 0.2X          |
| L4           | Seniors who tipped 31–365 days ago          | 10%          | 0.1X          |

Meaning:

* Seniors who tipped during the last 24 hours are considered the most influential to the current spread;
* Seniors who tipped 2–7 days ago represent **short-term** spread;
* Seniors who tipped 8–30 days ago represent **mid-term** spread;
* Seniors who tipped 31–365 days ago enjoy **long-tail** returns.

For any single tip:

* From the moment of tip, the user can receive rewards from future supporters for up to 365 days.
* Over time, their tier naturally shifts from L1 → L2 → L3 → L4 as time passes.
* After 365 days, it no longer participates in new distributions, but the content can still be tipped.

In other words:

* The **work itself** can exist long-term and continue to receive tips;
* What has a lifecycle is **each tipping action**, not the content.


# Senior Reward Calculation Rules

Including Empty-Layer Handling

When the n-th tip occurs:

* **Payment amount:** X<sub>N</sub>
* **Time:** t<sub>N</sub>

The system processes it as follows:

#### Fund Split

* **Creator income:** Creator<sub>N</sub> = 0.2 × X<sub>N</sub>
* **Total senior reward pool:** Pool<sub>N</sub> = 0.8 × X<sub>N</sub>

Split into four layers:

Pool<sub>N,1</sub> = 0.4 × X<sub>N</sub>

Pool<sub>N,2</sub> = 0.3 × X<sub>N</sub>

Pool<sub>N,3</sub> = 0.2 × X<sub>N</sub>

Pool<sub>N,4</sub> = 0.1 × X<sub>N</sub>

#### Determining the Four Senior Sets by Time

Based on time differences, we determine four sets of seniors from historical tips:

* **L**<sub>**1**</sub>**&#x20;(≤ 1 day)**\
  S<sub>N,1</sub> = { i | i < N, 0 < t<sub>N</sub> − t<sub>i</sub> ≤ 1 day }
* **L**<sub>**2**</sub>**&#x20;(1–7 days)**\
  S<sub>N,2</sub> = { i | i < N, 1 < t<sub>N</sub> − t<sub>i</sub> ≤ 7 days }
* **L**<sub>**3**</sub>**&#x20;(8–30 days)**\
  S<sub>N,3</sub> = { i | i < N, 7 < t<sub>N</sub> − t<sub>i</sub> ≤ 30 days }
* **L**<sub>**4**</sub>**&#x20;(31–365 days)**\
  S<sub>N,4</sub> = { i | i < N, 30 < t<sub>N</sub> − t<sub>i</sub> ≤ 365 days }

#### Proportional Distribution Within Each Layer

For each layer k ∈ {1,2,3,4}:

* Total historical payment in that layer:\
  H<sub>N,k</sub> = Σ (Xⱼ), for all j ∈ S<sub>N,k</sub>
* If the layer is not empty, senior i receives:\
  Reward<sub>i,N,k</sub> = Pool<sub>N,k</sub> × (X<sub>i</sub> / H<sub>N,k</sub>)
* Total reward for senior i from this **n-th** tip is:\
  Reward<sub>i,N</sub> = Σ Reward<sub>i,N,k</sub>

#### Missing Layer Handling Rules

To keep the system simple, closed-loop, and waste-free:

* If **one layer** is empty:
  * Its share is merged into the nearest layer that has seniors.
  * Example case: if the empty layer is L2, its share goes to L1.
* If **three layers** are empty:
  * All rewards go to the remaining layer.
* If **all four layers** are empty (i.e., no one has tipped in the past 365 days):
  * The entire 80% goes to the **creator**.
  * This effectively starts a **new cycle**: this tip becomes the **first tip of a new reward era** for this content.

This ensures:

* No rewards are left hanging;
* No systemic “reward debt” accumulates;
* The mechanism is self-consistent at all times.


# Content Economy Structure

Simplified

User pays **X**\
│\
├─ **20% → Content Value → Creator (stable income)**\
│\
└─ **80% → Prediction Market → Distributed by time & amount to seniors**\
  │\
  ├─ L1: Seniors from last 24 hours (0.4X)\
  ├─ L2: Seniors from 1–7 days ago (0.3X)\
  ├─ L3: Seniors from 8–30 days ago (0.2X)\
  └─ L4: Seniors from 31–365 days ago (0.1X)

You can understand the overall structure as:

* The creator receives stable income from content value.
* Users run a prediction game around “whether this content deserves more future payments”.
* Successful predictions and active propagation bring more thank-you rewards to seniors.
* The better the content, the stronger the spread, and the higher the overall value of the platform.


# Value for Creators, Users, and the Platform

#### **For Creators: Serving Premium Content, Not Pure Traffic Content**

Our product explicitly serves **premium content that seeks payment**, not for traffic-driven or purely entertainment content.

For creators, this means:

* **Stable income:** 20% of every tip goes directly to the creator.
* **Decoupled from prediction game:** They don’t need to understand or participate in the game mechanics.
* **Easier to start:** They don’t need to build a massive subscription base — single high-quality pieces can earn high income through propagation chains；
* **Long-tail friendly:** As long as content continues to be read and tipped, content revenue continues.

The platform is not ad-driven, but **user-pays-for-content driven**, so incentives for creators are cleaner and more direct.

#### **For Users: Cleaner Feeds + High-Engagement Participation**

Users gain:

**A better content filtering environment**

* Users actively train their own content feed through “Like / Dislike” actions.
* Disliked content is shown less often, preventing passive consumption of low-value information.
* Recommendations are no longer “ads + advertorials + algorithmic bias”, but built around **real user tipping behavior.**

**Attention and time return to the user**

* The platform does not treat user attention as inventory to be freely sold.
* The only goal of recommendations is to compete for **user tips**, not ad impressions.
* As a result, recommended content naturally biases toward work that aims to **create real value for users.**

**Participation in prediction and returns**

* Users don’t just “scroll and forget”; they participate in predicting the future popularity of content.
* If they predict correctly, they receive thank-you rewards from juniors’ tips.
* If they predict wrong, they’ve still supported creators they believe in, and thanked those who helped them discover these creators.

#### **For the Platform: From “Ad Engine” to “Value Engine”**

The platform’s long-term value comes from:

* Continuously aggregating users willing to pay for content.
* Attracting creators willing to produce high-quality paid content.
* Using a single economic mechanism to incentivize those who **create value, filter value, and spread value.**

This mechanism naturally forms a **growth flywheel**:

{% hint style="success" %}
**Premium content → user tips → seniors earn rewards → more active sharing → more users see it → more tips → more premium content created → higher quality supply → better user experience → higher overall platform value.**
{% endhint %}


# Risk Control and Regulatory Friendliness

From day one, this mechanism is designed as a **non-financial product**, but rather a content payment + user gratitude mechanism:

* No platform-issued tokens;
* No secondary trading market;
* No permanent income rights;
* No team pre-mining or controversial allocation ratios;
* No “pyramid” or multi-level referral structure;
* No promised returns or capital guarantees of any kind.
* All returns come **solely from subsequent real user tips.**
* Each tipping action has a **maximum 365-day earning lifecycle.**
* If there are no tips for a long period, the mechanism automatically resets, and all new tips go entirely to the creator.

In essence, this is a **finite-cycle distribution mechanism** based on content payments and user gratitude, not a financial investment product.


# Why Will This Mechanism Win?

* **Redefining “tipping”:**\
  From a pure emotional expression to a dual-layer behavior of value support + popularity prediction.<br>

* **Empowering users to truly control their information feed:**\
  The platform is no longer driven by ad revenue, but by whether users are willing to pay for content, and recommendation logic is rebuilt around that.<br>

* **Establishing a natural pricing mechanism for premium content:**\
  This will attract more content backed by a larger user base, securing greater exposure and revenue, thereby incentivising creators to invest in high-quality production.<br>

* **The interests of creators, users, and platforms align:**

  * Creators want more genuine paid behavior.
  * Users want to efficiently access valuable content and gain from correct predictions.
  * The platform wants to gather high-quality creators and users and build long-term network effects.

* **Simple, transparent, and scalable mechanisms:**
  * No complex financial engineering;
  * No opaque black-box allocation;\
    Yet it delivers strong differentiation and scalability at the product level.

The **Single-Content Purchase + Content Prediction Market** mechanism is not just a new revenue sharing method, but a **new piece of infrastructure for content value discovery and distribution.**

It systematically, playfully, and sustainably fills the gap that traditional subscriptions leave behind: the space of **paid and widely spread single premium pieces of content.**


# Governance Token $X

As a Real-World Business (RWB), the TaleX ecosystem is a fundamental part of the growing RWB market, powered by its own [**$X**](https://coinmarketcap.com/currencies/talex/) token.

The native cryptographically-secure fungible protocol token of TaleX (ticker symbol $X) is a transferable representation of attributed utility functions specified in the protocol of TaleX, and which is designed to be used solely as an interoperable utility token thereon.

$X is a functional multi-utility token which will be used as a unit of account and economic incentive which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on TaleX, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $X is an integral and indispensable part of TaleX, because without $X, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $X will be awarded to a user based only on its actual usage, activity and efforts made on TaleX and/or proportionate to the frequency and volume of transactions, users of TaleX and/or holders of $X which did not actively participate will not receive any $X incentives.

$X does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $X entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $X may only be utilized on TaleX, and ownership of the same carries no rights, express or implied, other than the right to use $X as a means to enable usage of and interaction within TaleX. The secondary market pricing of $X is not dependent on the effort of the TaleX team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $X). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.

{% hint style="success" %}
Token address (BNB Chain): **0x0510101Ec6c49D24ED911F0011E22A0D697Ee776**
{% endhint %}

[**$X**](https://coinmarketcap.com/currencies/talex/) token adopts a user-driven business model. After the Token Generation Event (TGE), certain token allocations issuance is based on [**Proof-of-Purchase (PoP)**](/real-world-business/proof-of-purchase-pop) concept. Moreover, $X token is used as a reward token based on the concept of [**Tokens Replacing Loyalty Points**](/real-world-business/tokens-replacing-loyalty-points). Finally, $X serves as the main treasury asset of the company behind TaleX based on the [**Treasury as Liquidity Pool**](/real-world-business/treasury-as-liquidity-pool) concept.

The core utility of the token is:

{% stepper %}
{% step %}

### **Proof-of-Purchase (PoP) & Token Replacing Loyalty Points**

The **Community** allocation of the $X token is used to reward users of the **TaleX Ecosystem projects** for their contribution. For example, every time users unlock or tip content in the [TaleX content app](https://www.talex.world/), they receive a **1% cashback in $X** tokens from the paid amount.
{% endstep %}

{% step %}

### **TaleX Treasury Asset**

RWB projects in the TaleX Ecosystem are **encouraged to pair their own governance tokens with $X governance token as the unit of account in liquidity pools**, which is one of the **most scalable use cases for $X**. This would have the advantage of creating stability and certainty within the ecosystem.
{% endstep %}

{% step %}

### **TaleX Portfolio**

The **Ecosystem** allocation of the $X token is used to **invest** into other RWB projects in the TaleX ecosystem. TaleX directly adds liquidity between the RWB project’s governance token and $X, forming dual-token liquidity pools. Each liquidity pool acts as a self-contained treasury cell — an independent yet interconnected component of the broader **TaleX Portfolio**. This way, $X becomes indirectly backed by the collective value and performance of all TaleX Ecosystem projects — a dynamic, diversified portfolio of tokenized RWBs.
{% endstep %}
{% endstepper %}

<figure><img src="/files/DfeQ5toP6Nalp4Os2MrU" alt=""><figcaption><p>Token Distribution Chart: $X</p></figcaption></figure>

With a total supply of **1,000,000,000** tokens, $X has been carefully distributed to ensure long term sustainability and fair governance. There are future plans for $X to function as a governance token, allowing token holders to participate in decisions regarding protocol parameters.

<figure><img src="/files/sJ9K4WjU9DPKMaCoJPqM" alt=""><figcaption><p>Unlock Schedule Chart: $X</p></figcaption></figure>

The release model of the token is:

{% stepper %}
{% step %}

### TGE

Liquidity and ICO & IDO tokens are unlocked immediately.
{% endstep %}

{% step %}

### TGE + 3 months

Ecosystem and Community tokens begin linear monthly release over 120 and 12 months respectively.
{% endstep %}

{% step %}

### TGE + 12 months

Investor, Advisor, Team tokens begin linear monthly release over 12 months.
{% endstep %}
{% endstepper %}

TaleX is the first project to adopt CZ's token issuance [**idea**](https://x.com/cz_binance/status/1895837657613078574). This means the token unlock schedule may be adjusted based on price-performance unlocks, **but only for the Team allocation**. Further details on this will be announced separately.

The $X token is central to TaleX’s mission: building a system where users are not only consumers but also contributors to a real-world product’s competitiveness, sharing in the business's growth instead of letting capital take the rewards.

This could be the true realization of **"**[**Anti-Capitalism**](/roamfi/about)**"**.


# TaleX Treasury

## 1. Treasury Composition

As the issuer of governance token [**$X**](https://coinmarketcap.com/currencies/talex/), TaleX's primary reserve asset is $X itself. However, in order to maintain the external trading capabilities of $X, the treasury will also be configured with other reserve assets:

* [**$BNB**](https://coinmarketcap.com/currencies/bnb/) — Governance token of the BNB Chain, the ecological asset on which TaleX relies.

This configuration allows TaleX to share growth within its respective ecosystems.

{% hint style="info" %}
**TaleX multi-signature treasury address:** 0x22313ace9911B91A0Bc6eAB0189b99e78c28C699
{% endhint %}

## 2. Treasury Enhancement Mechanism

TaleX team will take all net cash flows generated by the certain TaleX Ecosystem projects, then convert them into crypto tokens proportionally on a daily basis, depositing them into the multi-signature treasury.

{% hint style="info" %}
Asset storage ratio: [**$X**](https://coinmarketcap.com/currencies/talex/) **:** [**$BNB**](https://coinmarketcap.com/currencies/bnb/) **= 1 : 1**
{% endhint %}

## 3. Treasury Usage Rules

TaleX team will release quarterly financial reports and budgets. All treasury expenditures must be executed based on the budget and adjusted at quarter-end through final accounts. When necessary, additional withdrawals or recharges from the treasury will be carried out.

Asset withdrawals must follow the same ratio as the initial deposits. That is, $X and $BNB must be withdrawn proportionally to ensure the stability of the treasury structure.

## 4. Treasury as Liquidity Pool

All TaleX treasury assets will be added to liquidity pools through decentralized exchanges (DEX), specifically configured as follows:

{% hint style="info" %}
[**$X**](https://coinmarketcap.com/currencies/talex/) **:** [**$BNB**](https://coinmarketcap.com/currencies/bnb/) **(100%)**
{% endhint %}

This mechanism not only guarantees the liquidity of $X but also enables all token holders to exchange $X for other assets at any time via the liquidity pool.


# TaleX Portfolio

### 1. Overview

**TaleX Portfolio** represents a new evolution of the TaleX Ecosystem — a decentralized structure where TaleX grows together with all Real-World Business (RWB) projects it incubates and supports.

Instead of requiring each RWB project to hold $X as a mandatory treasury reserve asset, TaleX directly adds liquidity between the certain RWB projects' governance token and $X, forming dual-token liquidity pools. Each liquidity pool acts as a self-contained treasury cell — an independent yet interconnected component of the broader **TaleX Portfolio**.

This mechanism ensures that certain TaleX Ecosystem projects contribute to the underlying value of $X, while maintaining complete autonomy and operational independence.

In this structure:

* Each RWB project launches its own governance token (e.g., [**$RF**](https://dex.coinmarketcap.com/token/bsc/0x58b6541e0a0d7f68c8b853a81c818271fa389a60/) for RoamFi).
* TaleX adds liquidity pairs between the project token and $X (e.g., $RF/$X), creating a transparent and on-chain connection between TaleX and the RWB project.
* These liquidity pools collectively form the TaleX Portfolio, representing TaleX’s decentralized asset base.

Through this model, $X becomes indirectly backed by the collective value and performance of certain TaleX Ecosystem projects — a dynamic, diversified portfolio of tokenized RWBs.

### 2. Structural Advantages

The **TaleX Portfolio** structure provides multiple long-term advantages:

1. **Decentralized Asset Independence:**\
   Certain RWB projects retain full control over its own treasury, tokenomics, and governance. TaleX does not impose asset requirements or demand treasury composition changes from projects.
2. **Liquidity-Backed Investment Model:**\
   By adding liquidity between $X and project tokens, TaleX transforms its ecosystem into an on-chain investment framework. Each liquidity pool simultaneously acts as a strategic investment and a treasury reserve.
3. **Risk Containment:**\
   Every pool is self-contained. If the value of one RWB project token declines, the potential impact on $X is limited to that specific liquidity pool. Other pools — and therefore the broader $X ecosystem — remain unaffected.
4. **Portfolio Flexibility:**\
   If a certain RWB project loses long-term viability, TaleX can remove the respective liquidity pool and reallocate its assets (e.g., swap project tokens for $BNB and re-establish an $X/$BNB pool). This ensures continued stability and adaptability of the TaleX Ecosystem.
5. **Transparent, On-Chain Value Representation:**\
   All assets within the **TaleX Portfolio** are verifiable and traceable on-chain through public liquidity pools. This transparency reinforces trust and aligns with TaleX’s core principle — Treasury as Liquidity Pool as the foundation of RWB tokenization.

### 3. Comparison: Ecosystem Parallels

The **TaleX Portfolio** structure can be conceptually compared to **Berkshire Hathaway**’s investment model, where TaleX functions as a decentralized holding entity, and each RWB project represents an independent yet value-contributing component:

* The performance of individual RWB projects does not directly affect the operational independence of others.
* However, the collective performance of certain RWB projects determines the long-term value of $X.

In essence, $X becomes the aggregate reflection of TaleX’s overall investment performance across all tokenized Real-World Businesses it supports.

### 4. Portfolio Composition

The **TaleX Portfolio** currently includes liquidity pools formed with RWB projects officially launched by TaleX. Each pool represents a TaleX-backed asset pair that contributes to $X’s long-term value stability.

<table><thead><tr><th width="146.00006103515625">RoamFi</th><th>Details</th></tr></thead><tbody><tr><td>Description</td><td>The world’s first Real-World Business (RWB) project in global connectivity. A tokenized eSIM app jointly launched by eSIM Japan Co. and TaleX.</td></tr><tr><td>Token</td><td><a href="https://dex.coinmarketcap.com/token/bsc/0x58b6541e0a0d7f68c8b853a81c818271fa389a60/"><strong>$RF</strong></a> <strong>0x58B6541e0A0D7F68c8B853a81c818271fA389a60</strong></td></tr><tr><td>Liquidity Pair</td><td><p><a href="https://bscscan.com/address/0xF6297168156628332620620912d4648af2e81bd7"><strong>$RF/$X</strong></a> <strong>0xF6297168156628332620620912d4648af2e81bd7</strong></p><p></p><p>Remaining balance in TaleX Portfolio treasury wallet:</p><p><strong>$RF:</strong> <strong>32,644,100 tokens</strong></p><p><br>TaleX Portfolio treasury wallet for $RF: <strong>0xa0005A407075476173B50133f8aEAC07398Fe3C8</strong></p></td></tr><tr><td>Announcement</td><td><ol><li><a href="https://x.com/TaleX_chain/status/1982054725185876424">https://x.com/TaleX_chain/status/1982054725185876424</a></li><li><a href="https://x.com/TaleX_chain/status/1988401137058271500 ">https://x.com/TaleX_chain/status/1988401137058271500</a></li></ol></td></tr><tr><td>Transaction</td><td><ol><li><a href="https://bscscan.com/tx/0xc185c3874f538abbccda15afa9a0a247e20090e9ad51bc8b04304c7769a58fe1 ">https://bscscan.com/tx/0xc185c3874f538abbccda15afa9a0a247e20090e9ad51bc8b04304c7769a58fe1</a></li><li><a href="https://bscscan.com/tx/0x58abe661011e645bb8f85f22f6d267c010e2352edbd56c916a4969e65965d195 ">https://bscscan.com/tx/0x58abe661011e645bb8f85f22f6d267c010e2352edbd56c916a4969e65965d195</a></li></ol></td></tr></tbody></table>

### 5. Future Outlook

With the growth of the RWB market, the **TaleX Portfolio** will naturally expand, potentially consisting of tens or more liquidity pools, each backed by unique tokenized Real-World Businesses.

Over time, this model will make $X:

* A meta-asset representing the performance of multiple RWBs.
* A governance token tied to a diverse, real-economy-based asset structure.
* A transparent benchmark for measuring the health and value creation of tokenized Real-World Business projects.

By supporting real businesses, converting their fiat-based net cash flows into tokenized on-chain liquidity, and strategically managing the resulting assets, **TaleX Portfolio** aims to become the foundation for a new generation of decentralized, cash flow–backed economies.


# Terms & Conditions

*Last Updated: 26th September 2025*

**PLEASE READ THE ENTIRETY OF THIS "TERMS & CONDITIONS" SECTION
&#x20;CAREFULLY.**

## Acceptance of the Terms & Conditions

These Terms & Conditions are entered into by and between you and the TaleX, a British Virgin Islands company (including all affiliates and subsidiaries, collectively referred to as, “TaleX,” “we,” “us,” or “our”). The following Terms & Conditions, together with any documents they expressly incorporate by reference (collectively, these “Terms & Conditions”), govern your access to and use of app.talex.world, including, but not limited to, any content, functionality, and services offered on or through app.talex.world (collectively, the “Website”). Please read the Terms & Conditions carefully before you start to use the Website. By using the Website or by clicking to accept or agree to the Terms & Conditions when this option is made available to you, you accept and agree to be bound and abide by these Terms & Conditions.

If you do not agree to these Terms & Conditions, you must not access or use the Website.

## About the Website

Our Website is primarily meant to function as access to and use of the TaleX App.

To use parts of our Website, a user may need to use a third-party, non-custodial wallet software that allows the user to interact with public smart contracts and blockchains. We do not operate, maintain, or provide any wallets or wallet services. We will at no time have any custody or control of any crypto-assets that any user is interacting with. We are not a wallet provider, exchange, broker, lender or borrower.

As part of our Website, you may from time to time gain access to decentralized open-source smart contracts deployed on public blockchains. Our interface is distinct and separate from any of the smart contracts that may be accessed through it, and is merely one of multiple means of accessing such smart contracts. Users can interact with the same smart contracts otherwise directly, including to develop and build their own user interfaces on top of such smart contracts.

Our Website may change and grow in numbers, which may require that we include additional terms for certain new parts of the Website (which, in such event, will be construed as part of the “Website”). We reserve the right in our sole discretion to modify or discontinue any parts of the Website at any time and without any liability.

## Who May Use the Website

The Website is offered and available to users who are 13 years of age or older. The Website is not intended for children under 13 years of age. By using the Website, you represent and warrant that you (i) are 13 years of age or older, (ii) are not barred to use the Website under any applicable law, and (iii) are using the Website only for your own personal use. If you do not meet these requirements, you must not access or use the Website.

## Changes to the Terms & Conditions

We may revise and update these Terms & Conditions from time to time in our sole discretion. All changes are effective immediately when we post them. Your continued use of the Website following the posting of revised Terms & Conditions means that you accept and agree to the changes. You are expected to check this page frequently so you are aware of any changes, as they are binding on you.

## Accessing the Website and Account Security

We reserve the right to withdraw or amend the Website, and any service or material we provide on the Website, in our sole discretion without notice. We do not guarantee that our Website or any content on them will always be available or be interrupted. We will not be liable if for any reason all or any part of the Website is unavailable at any time or for any period. From time to time, we may restrict access to some parts of the Website, or entire Website, to users.

You are responsible for:

* Making all arrangements necessary for you to have access to the Website; and
* Ensuring that all persons who access the Website through your internet connection are aware of these Terms & Conditions and comply with them.

To access the Website or some of the resources it offers, you may be asked to provide certain registration details or other information. It is a condition of your use of the Website that all the information you provide on the Website is correct, current, and complete.

You should use particular caution when inputting personal information onto the Website on a public or shared computer so that others are not able to view or record your personal information.

## Intellectual Property Rights

Unless otherwise indicated, the Website is our proprietary property and all source code, databases, functionality, software, website designs, information, audio, video, text, photographs, and graphics on the Website (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (collectively, the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright, trademark and other intellectual property laws and international conventions. You are not permitted to use the Marks without the prior written consent of the owner of the Mark.

Except as expressly provided herein, Flayer and its licensors do not grant any express or implied license to the Website or the Content. You agree not to copy, reproduce, aggregate, republish, download, post, display, transmit, modify, rent, lease, loan, sell, assign, distribute, license, sublicense, sell, reverse engineer, create derivative works based on, or otherwise exploit for any commercial purposes whatsoever, the Website or the Content, without our express prior written permission. If you are eligible to use the Website, you are granted a limited license to access and use the Website and the Content to which you have properly gained access solely for your personal, non-commercial use. You may not modify or alter the Content in any way. We reserve all rights not expressly granted to you in and to the Website, the Content and the Marks.

## Prohibited Uses

You may use the Website only for lawful purposes and in accordance with these Terms & Conditions. You agree not to use the Website:

* In any way that violates any applicable federal, state, local, or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from the British Virgin Islands or other countries);
* For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information or otherwise;
* To send, knowingly receive, upload, download, use, or re-use any material which does not comply with these Terms & Conditions;
* To transmit, or procure the sending of, any advertising or promotional material without our prior written consent, including any “junk mail”, “chain letter”, “spam”, or any other similar solicitation;
* To impersonate or attempt to impersonate TaleX, a contractor of TaleX, another user, or any other person or entity (including, without limitation, by using e-mail addresses or screen names associated with any of the foregoing); and
* To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Website, or which, as determined by us, may harm TaleX or users of the Website or expose them to liability.

Additionally, you agree not to:

* Use the Website in any manner that could disable, overburden, damage, or impair the Website or interfere with any other party's use of the Website, including their ability to engage in real time activities through the Website;
* Use any robot, spider, or other automatic device, process or means to access the Website for any purpose, including monitoring or copying any of the material on the Website;
* Use any manual process to monitor or copy any of the material on the Website or for any other unauthorized purpose without our prior written consent;
* Use any device, software or routine that interferes with the proper working of the Website;
* Introduce any viruses, trojan horses, worms, logic bombs, or other material which is malicious or technologically harmful;
* Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Website, the server(s) on which the Website is stored, or any server, computer or database connected to the Website;
* Attack the Website via a denial-of-service attack or a distributed denial-of-service attack; and
* Otherwise attempt to interfere with the proper working of the Website.

## Reliance on Information Posted

The information presented on or through the Website is made available solely for general information purposes. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website, or by anyone who may be informed of any of its contents.

The Website may include content provided by third parties, including materials provided by third-party licensors, syndicators, aggregators, and/or reporting services. All statements and/or opinions expressed in these materials, other than the content provided by TaleX, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of TaleX. We are not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties.

## Changes to the Website

We may update the content on the Website from time to time, but its content is not necessarily complete or up-to-date. Any of the material on the Website may be out of date at any given time, and we are under no obligation to update such material.

## Linking to the Website and Social Media Features

You may link to our homepage, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part without our express written consent.

## Links from the Website

If the Website contains links to other sites and resources provided by third parties, these links are provided for your convenience only. This includes links contained in advertisements, including banner advertisements and sponsored links. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any of the third party websites linked to the Website, you do so entirely at your own risk and subject to the Terms & Conditions of use for such Website. We reserve the right to withdraw linking permission without notice.

## Geographic Restrictions

The owner of the Website is based in the British Virgin Islands. We make no claims that the Website or any of its content is accessible or appropriate outside of the British Virgin Islands. Access to the Website may not be legal by certain persons or in certain countries. If you access the Website from outside the British Virgin Islands, you do so on your own initiative and are responsible for compliance with local laws.

## Disclaimer of Warranties

You understand that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Website will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to our site for any reconstruction of any lost data. WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT YOUR COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO YOUR USE OF THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE OR TO YOUR DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY WEBSITE LINKED TO IT. YOUR USE OF THE WEBSITE, THEIR CONTENT AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE IS AT YOUR OWN RISK. THE WEBSITE, THEIR CONTENT AND ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. NEITHER TALEX NOR ANY PERSON ASSOCIATED WITH TALEX MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE WEBSITE. WITHOUT LIMITING THE FOREGOING, NEITHER TALEX NOR ANYONE ASSOCIATED WITH TALEX REPRESENTS OR WARRANTS THAT THE WEBSITE, THEIR CONTENT OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL BE ACCURATE, RELIABLE, ERROR-FREE OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT THE WEBSITE OR THE SERVER(S) THAT MAKES THEM AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS OR THAT THE WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE WILL OTHERWISE MEET YOUR NEEDS OR EXPECTATIONS. TALEX HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR PARTICULAR PURPOSE. SOME JURISDICTIONS DO NOT ALLOW EXCLUSION OF WARRANTIES OR LIMITATIONS ON THE DURATION OF IMPLIED WARRANTIES, SO THE ABOVE DISCLAIMER MAY NOT APPLY TO YOU IN THEIR ENTIRETIES, BUT WILL APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW.

## Limitation on Liability

IN NO EVENT WILL TALEX, ITS AFFILIATES OR THEIR LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE WEBSITE, ANY WEBSITE LINKED TO THEM, ANY CONTENT ON THE WEBSITE OR SUCH OTHER WEBSITE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE WEBSITE OR SUCH OTHER WEBSITE, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT OR OTHERWISE, EVEN IF FORESEEABLE. THE FOREGOING DOES NOT AFFECT ANY LIABILITY WHICH CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW WHICH MAY INCLUDE FRAUD.

## Indemnification

You agree to defend, indemnify, and hold harmless TaleX, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to your violation of these Terms & Conditions or your use of the Website, including, but not limited to, any use of the Website’ content, services and products other than as expressly authorized in these Terms & Conditions or your use of any information obtained from the Website.

## Governing Law and Jurisdiction

All matters relating to the Website and these Terms & Conditions and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of the British Virgin Islands without giving effect to any choice or conflict of law provision or rule (whether of the British Virgin Islands or any other jurisdiction).

Any dispute arising out of or in connection with the Website and these Terms & Conditions, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the BVI IAC Arbitration Rules (British Virgin Islands International Arbitration Centre), which rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be Tortola, British Virgin Islands. The language to be used in the arbitration shall be English. You and TaleX agree to submit all Disputes between you and TaleX to individual binding arbitration. “Dispute” means any dispute, claim, or controversy between you and TaleX that relates to the Website and these Terms & Conditions.

If a Dispute must be arbitrated, you or TaleX must start arbitration of the Dispute within one (1) year from when the Dispute first arose. If applicable law requires you to bring a claim for a Dispute sooner than one (1) year after the Dispute first arose, you must start arbitration in that earlier time period. TaleX encourages you to tell us about a Dispute as soon as possible so we can work to resolve it. The failure to provide timely notice will bar all claims.

In any Dispute, the arbitrator will award to the prevailing party, if any, the costs and attorneys' fees reasonably incurred by the prevailing party in connection with those aspects of its claims or defenses on which it prevails, and any opposing awards of costs and legal fees awards will be offset.

Any breach by you of these Terms & Conditions could cause TaleX irreparable harm for which it has no adequate remedies at law. Accordingly, TaleX is entitled to seek specific performance or injunctive relief for any such breach. Nothing in this section will preclude TaleX from seeking specific performance or injunctive relief from a court of appropriate jurisdiction.

## Waiver and Severability

No waiver by TaleX of any term or condition set forth in these Terms & Conditions shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of TaleX to assert a right or provision under these Terms & Conditions shall not constitute a waiver of such right or provision.

If any provision of these Terms & Conditions is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms & Conditions will continue in full force and effect.

## Entire Agreement

The Terms & Conditions applicable at the time you access the Website constitute the sole and entire agreement between you and TaleX with respect to the Website and supersede all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the Website.


# Disclaimer

*Last Updated: 26th September 2025*

PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION
&#x20;CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER METASSET LIMITED (THE **COMPANY**), ANY OF THE PROJECT CONTRIBUTORS (THE **TALEX TEAM**) WHO HAVE WORKED ON TALEX (AS DEFINED HEREIN) OR PROJECT TO DEVELOP TALEX IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR AND/OR VENDOR OF $X TOKENS (OR SUCH OTHER RE-NAMED OR SUCCESSOR TICKER CODE OR NAME OF SUCH TOKENS) (THE **DISTRIBUTOR**), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, DECK OR MATERIAL RELATING TO $X (THE **TOKEN DOCUMENTATION**) AVAILABLE ON THE PROJECT WEBSITE (THE **WEBSITE**, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED OR COMMUNICATED BY THE COMPANY OR ITS REPRESENTATIVES FROM TIME TO TIME.

## Project Purpose

You agree that you are acquiring $X to participate in TaleX and to obtain services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for TaleX. The Company is acting solely as an arms’ length third party in relation to the $X distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of $X.&#x20;

## Nature of the Token Documentation

The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of a digital token to be known as $X. The Token Documentation and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, any offer to sell any product, item, or asset (whether digital or otherwise), or any offer to engage in business with any external individual or entity provided in said documentation. The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding or contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the TaleX team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that the project development roadmap, platform/network functionality are subject to change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith.

## Validity of Token Documentation and Website

Nothing in the Token Documentation or the Website constitutes any offer by the Company, the Distributor, or the TaleX team to sell any $X (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Token Documentation or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of TaleX. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of $X, is to be governed only by the separate terms and conditions of such agreement. The information set out in the Token Documentation and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of $X, and no digital asset or other form of payment is to be accepted on the basis of the Token Documentation or the Website. The agreement for distribution of $X and/or continued holding of $X shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of $X (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions shall prevail.

## Deemed Representations and Warranties

By accessing the Token Documentation or the
&#x20;Website (or any part thereof), you shall be deemed to represent and warrant to the
&#x20;Company, the Distributor, their respective affiliates, and the TaleX team as follows:

(a) in any decision to acquire any $X, you have not relied and shall not rely on any
&#x20;statement set out in the Token Documentation or the Website;

(b) you shall at your own expense ensure compliance with all laws, regulatory
&#x20;requirements and restrictions applicable to you (as the case may be);

(c) you acknowledge, understand and agree that $X may have no value, there is no
&#x20;guarantee or representation of value or liquidity for $X, and $X is not an
&#x20;investment product nor is it intended for any speculative investment whatsoever;

(d) none of the Company, the Distributor, their respective affiliates, and/or the TaleX team
&#x20;shall be responsible for or liable for the value of $X, the transferability and/or
&#x20;liquidity of $X and/or the availability of any market for $X through third parties
&#x20;or otherwise; and

(e) you acknowledge, understand and agree that you are not eligible to participate in the
&#x20;distribution of $X if you are a citizen, national, resident (tax or otherwise),
&#x20;domiciliary and/or green card or permanent visa holder of a geographic area or country
&#x20;(i) where it is likely that the distribution of $X would be construed as the sale of a
&#x20;security (howsoever named), financial service or investment product and/or (ii) where
&#x20;participation in token distributions is prohibited by applicable law, decree, regulation,
&#x20;treaty, or administrative act (including without limitation the United States of America,
&#x20;Canada, and the People's Republic of China); and to this effect you agree to provide all
&#x20;such identity verification document when requested in order for the relevant checks to
&#x20;be carried out.

The Company, the Distributor and the TaleX team do not and do not purport to make, and
&#x20;hereby disclaims, all representations, warranties or undertaking to any entity or person
&#x20;(including without limitation warranties as to the accuracy, completeness, timeliness, or
&#x20;reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted
&#x20;by law, the Company, the Distributor, their respective affiliates and service providers shall
&#x20;not be liable for any indirect, special, incidental, consequential or other losses of any kind,
&#x20;in tort, contract or otherwise (including, without limitation, any liability arising from default
&#x20;or negligence on the part of any of them, or any loss of revenue, income or profits, and loss
&#x20;of use or data) arising from the use of the Token Documentation or the Website, or any
&#x20;other materials published, or its contents (including without limitation any errors or
&#x20;omissions) or otherwise arising in connection with the same. Prospective acquirors of
&#x20;$X should carefully consider and evaluate all risks and uncertainties (including
&#x20;financial and legal risks and uncertainties) associated with the distribution of $X, the
&#x20;Company, the Distributor and the TaleX team.

## $X Token

$X are designed to be utilized, and that is the goal of the $X distribution. In particular, it is highlighted that $X:

(a) does not have any tangible or physical manifestation, and does not have any intrinsic
&#x20;value/pricing (nor does any person make any representation or give any commitment
&#x20;as to its value);

(b) is non-refundable, not redeemable for any assets of any entity or organization, and
&#x20;cannot be exchanged for cash (or its equivalent value in any other digital asset) or any
&#x20;payment obligation by the Company, the Distributor or any of their respective affiliates;

(c) does not represent or confer on the token holder any right of any form with respect to
&#x20;the Company, the Distributor (or any of their respective affiliates), or their revenues or
&#x20;assets, including without limitation any right to receive future dividends, revenue,
&#x20;shares, ownership right or stake, share or security, any voting, distribution, redemption,
&#x20;liquidation, proprietary (including all forms of intellectual property or licence rights), right
&#x20;to receive accounts, financial statements or other financial data, the right to requisition
&#x20;or participate in shareholder meetings, the right to nominate a director, or other
&#x20;financial or legal rights or equivalent rights, or intellectual property rights or any other
&#x20;form of participation in or relating to TaleX, the Company, the Distributor and/or their
&#x20;service providers;

(d) is not intended to represent any rights under a contract for differences or under any
&#x20;other contract the purpose or intended purpose of which is to secure a profit or avoid a
&#x20;loss;

(e) is not intended to be a representation of money (including electronic money), payment
&#x20;instrument, security, commodity, bond, debt instrument, unit in a collective investment
&#x20;or managed investment scheme or any other kind of financial instrument or investment;

(f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not
&#x20;intended to represent a debt owed by the Company, the Distributor or any of their
&#x20;respective affiliates, and there is no expectation of profit nor interest payment; and

(g) does not provide the token holder with any ownership or other interest in the Company,
&#x20;the Distributor or any of their respective affiliates.

Notwithstanding the $X distribution, users have no economic or legal right over or
&#x20;beneficial interest in the assets of the Company, the Distributor, or any of their affiliates
&#x20;after the token distribution.

For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $X).
&#x20;Any sale or distribution of tokens would be performed during a restricted initial period
&#x20;solely for the purpose of obtaining project development funds, raising market/brand
&#x20;awareness, as well as community building and social engagement; this is not conducted
&#x20;with any element of repetitiveness or regularity which would constitute a business.

## Informational Purposes Only

The information set out herein is only conceptual, and
&#x20;describes the future development goals for TaleX to be developed. In particular, the project
&#x20;roadmap in the Token Documentation is being shared in order to outline some of the plans
&#x20;of the TaleX team, and is provided solely for **INFORMATIONAL PURPOSES** and does not
&#x20;constitute any binding commitment. Please do not rely on this information in deciding
&#x20;whether to participate in the token distribution because ultimately, the development,
&#x20;release, and timing of any products, features or functionality remains at the sole discretion
&#x20;of the Company, the Distributor or their respective affiliates, and is subject to change.
&#x20;Further, the Token Documentation or the Website may be amended or replaced from time
&#x20;to time. There are no obligations to update the Token Documentation or the Website, or to
&#x20;provide recipients with access to any information beyond what is provided herein.

## Regulatory Approval

No regulatory authority has examined or approved, whether formally
&#x20;or informally, any of the information set out in the Token Documentation or the Website. No
&#x20;such action or assurance has been or will be taken under the laws, regulatory
&#x20;requirements or rules of any jurisdiction. The publication, distribution or dissemination of
&#x20;the Token Documentation or the Website does not imply that the applicable laws,
&#x20;regulatory requirements or rules have been complied with.

## Cautionary Note on Forward-Looking Statements

All statements contained herein,
&#x20;statements made in press releases or in any place accessible by the public and oral
&#x20;statements that may be made by the Company, the Distributor and/or the TaleX team, may
&#x20;constitute forward-looking statements (including statements regarding the intent, belief or
&#x20;current expectations with respect to market conditions, business strategy and plans,
&#x20;financial condition, specific provisions and risk management practices). You are cautioned
&#x20;not to place undue reliance on these forward-looking statements given that these
&#x20;statements involve known and unknown risks, uncertainties and other factors that may
cause the actual future results to be materially different from that described by such
&#x20;forward-looking statements, and no independent third party has reviewed the
&#x20;reasonableness of any such statements or assumptions. These forward-looking
&#x20;statements are applicable only as of the date indicated in the Token Documentation, and
&#x20;the Company, the Distributor as well as the TaleX team expressly disclaim any
&#x20;responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.

## References to Companies and Platforms

The use of any company and/or platform names
&#x20;or trademarks herein (save for those which relate to the Company, the Distributor or their
&#x20;respective affiliates) does not imply any affiliation with, or endorsement by, any third party.
&#x20;References in the Token Documentation or the Website to specific companies and
&#x20;platforms are for illustrative purposes only.

## English Language

The Token Documentation and the Website may be translated into a
&#x20;language other than English for reference purpose only and in the event of conflict or
&#x20;ambiguity between the English language version and translated versions of the Token
&#x20;Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the
&#x20;Token Documentation and the Website.

## No Distribution

No part of the Token Documentation or the Website is to be copied,
&#x20;reproduced, distributed or disseminated in any way without the prior written consent of the
&#x20;Company or the Distributor. By attending any presentation on this Token Documentation or
&#x20;by accepting any hard or soft copy of the Token Documentation, you agree to be bound by
&#x20;the foregoing limitations.