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# ThreeFold Farming
# ThreeFold Resource Pools
![https://docs.google.com/drawings/d/1K1LuYRkD12QwIoZ-AduV-X_RxT1J5nUVt3D5vmerUUk/edit](https://docs.google.com/drawings/d/e/2PACX-1vT-dPplNVaQ1-3oWxrjvVsOjoDrdDZrb2t05BQ0WpFU02PucD_TC4cX5-lcdfxzodDJwwcjPgjYGyyP/pub?w=1440&h=810)
## Resource Pool (RP)
Is available capacity in a ThreeFold Farming Pool.
There are typically more than 1 Resource Pool in a Farming Pool and Resource Pools can span multiple Farming Pools.
A Resource Pool is linked to a User, a User is paying tokens for using the IT Capacity.
A Farming Pool is linked to a Farmer, the Farmer receives tokens for providing the IT Capacity.
## Resource Units (RU)
Units of IT capacity as used in a RP, starting from hardware level. More info see .
| unit type | description | code |
| --- | --- | --- |
| core unit | 1 logical core (hyperthreaded core) | CRU |
| mem unit | 1 GB mem | MRU |
| hd unit | 1 TB | HRU |
| ssd unit | 1 GB | SRU |
| network unit | 1 GB of bandwidth transmitted in/out | NRU |
These are raw capacities as measured by our TF Software.
## Resource Bundle (always per TFNode) (Bundle)
- is x number of resource units bundled
- a Resource Bundle is always per TFNode
- e.g. resource bundel type A = 1 cpu unit + 2 mem unit + 3 hd unit + 1 ssd unit
- the resource bundles are defined by the Farmers, its basically a unit of capacity sold. Users cannot buy individual Resource Units, Users buy Resource Bundles by transfering TFT.
## Resource Reservation (Reservation)
- a reservation for X nr of Resource Bundles
- a reservation is the contract between the User and the Farmer
- has a starting date / end date
- has a price linked to it
- a Resource Pool is made up out of X nr of Resource Bundles.

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> Original info was on https://docs.grid.tf/threefold/info/src/commit/d76ee324b6e37675a25f8365ea3a42fb9d22ffee/legal/definitions.md , Outdated at this point.

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# ThreeFold.io Terms Of Service
### Last updated September 13, 2019
## AGREEMENT TO TERMS
These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”) and ThreeFold, doing business as ThreeFold ("ThreeFold", “we”, “us”, or “our”), concerning your access to and use of the https://www.threefold.io website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”). You agree that by accessing the Site, you have read, understood, and agreed to be bound by all of these Terms of Use. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND YOU MUST DISCONTINUE USE IMMEDIATELY.
Supplemental terms and conditions or documents that may be posted on the Site from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Use at any time and for any reason. We will alert you about any changes by updating the “Last updated” date of these Terms of Use, and you waive any right to receive specific notice of each such change. It is your responsibility to periodically review these Terms of Use to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Use by your continued use of the Site after the date such revised Terms of Use are posted.
The information provided on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.
The Site is intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use or register for the Site.
## INTELLECTUAL PROPERTY RIGHTS
Unless otherwise indicated, the Site is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights and EU competition laws, foreign jurisdictions, and international conventions. The Content and the Marks are provided on the Site “AS IS” for your information and personal use only. Except as expressly provided in these Terms of Use, no part of the Site and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.
Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks.
## USER REPRESENTATIONS
By using the Site, you represent and warrant that: (1) all registration information you submit will be true, accurate, current, and complete; (2) you will maintain the accuracy of such information and promptly update such registration information as necessary; (3) you have the legal capacity and you agree to comply with these Terms of Use; (4) you are not a minor in the jurisdiction in which you reside; (5) you will not access the Site through automated or non-human means, whether through a bot, script, or otherwise; (6) you will not use the Site for any illegal or unauthorized purpose; and (7) your use of the Site will not violate any applicable law or regulation.
If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof).
## USER REGISTRATION
You may be required to register with the Site. You agree to keep your password confidential and will be responsible for all use of your account and password. We reserve the right to remove, reclaim, or change a username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable.
## PROHIBITED ACTIVITIES
You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.
As a user of the Site, you agree not to:
1. Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
2. Circumvent, disable, or otherwise interfere with security-related features of the Site, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Site and/or the Content contained therein.
3. Engage in unauthorized framing of or linking to the Site.
4. Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
5. Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.
6. Interfere with, disrupt, or create an undue burden on the Site or the networks or services connected to the Site.
7. Use the Site as part of any effort to compete with us or otherwise use the Site and/or the Content for any revenue-generating endeavor or commercial enterprise.
8. Decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Site.
9. Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Site or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Site.
10. Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats (“gifs”), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as “spyware” or “passive collection mechanisms” or “pcms”).
11. Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Site, or using or launching any unauthorized script or other software.
12. Use the Site in a manner inconsistent with any applicable laws or regulations.
## USER GENERATED CONTRIBUTIONS
The Site may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality, and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Site, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Site and through third-party websites. As such, any Contributions you transmit may be treated as non-confidential and non-proprietary. When you create or make available any Contributions, you thereby represent and warrant that:
1. The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party.
2. You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Site, and other users of the Site to use your Contributions in any manner contemplated by the Site and these Terms of Use.
3. You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Site and these Terms of Use.
4. Your Contributions are not false, inaccurate, or misleading.
5. Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation.
6. Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us).
7. Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone.
8. Your Contributions do not advocate the violent overthrow of any government or incite, encourage, or threaten physical harm against another.
9. Your Contributions do not violate any applicable law, regulation, or rule.
10. Your Contributions do not violate the privacy or publicity rights of any third party.
11. Your Contributions do not contain any material that solicits personal information from anyone under the age of 18 or exploits people under the age of 18 in a sexual or violent manner.
12. Your Contributions do not violate any federal or state law concerning child pornography, or otherwise intended to protect the health or well-being of minors;
13. Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap.
14. Your Contributions do not otherwise violate, or link to material that violates, any provision of these Terms of Use, or any applicable law or regulation.
Any use of the Site in violation of the foregoing violates these Terms of Use and may result in, among other things, termination or suspension of your rights to use the Site.
## CONTRIBUTION LICENSE
By posting your Contributions to any part of the Site or making Contributions accessible to the Site by linking your account from the Site to any of your social networking accounts, you automatically grant, and you represent and warrant that you have the right to grant, to us an unrestricted, unlimited, irrevocable, perpetual, non-exclusive, transferable, royalty-free, fully-paid, worldwide right, and license to host, use, copy, reproduce, disclose, sell, resell, publish, broadcast, retitle, archive, store, cache, publicly perform, publicly display, reformat, translate, transmit, excerpt (in whole or in part), and distribute such Contributions (including, without limitation, your image and voice) for any purpose, commercial, advertising, or otherwise, and to prepare derivative works of, or incorporate into other works, such Contributions, and grant and authorize sublicenses of the foregoing. The use and distribution may occur in any media formats and through any media channels.
This license will apply to any form, media, or technology now known or hereafter developed, and includes our use of your name, company name, and franchise name, as applicable, and any of the trademarks, service marks, trade names, logos, and personal and commercial images you provide. You waive all moral rights in your Contributions, and you warrant that moral rights have not otherwise been asserted in your Contributions.
We do not assert any ownership over your Contributions. You retain full ownership of all of your Contributions and any intellectual property rights or other proprietary rights associated with your Contributions. We are not liable for any statements or representations in your Contributions provided by you in any area on the Site. You are solely responsible for your Contributions to the Site and you expressly agree to exonerate us from any and all responsibility and to refrain from any legal action against us regarding your Contributions.
We have the right, in our sole and absolute discretion, (1) to edit, redact, or otherwise change any Contributions; (2) to re-categorize any Contributions to place them in more appropriate locations on the Site; and (3) to pre-screen or delete any Contributions at any time and for any reason, without notice. We have no obligation to monitor your Contributions.
SOCIAL MEDIA
As part of the functionality of the Site, you may link your account with online accounts you have with third-party service providers (each such account, a “Third-Party Account”) by either: (1) providing your Third-Party Account login information through the Site; or (2) allowing us to access your Third-Party Account, as is permitted under the applicable terms and conditions that govern your use of each Third-Party Account. You represent and warrant that you are entitled to disclose your Third-Party Account login information to us and/or grant us access to your Third-Party Account, without breach by you of any of the terms and conditions that govern your use of the applicable Third-Party Account, and without obligating us to pay any fees or making us subject to any usage limitations imposed by the third-party service provider of the Third-Party Account. By granting us access to any Third-Party Accounts, you understand that (1) we may access, make available, and store (if applicable) any content that you have provided to and stored in your Third-Party Account (the “Social Network Content”) so that it is available on and through the Site via your account, including without limitation any friend lists and (2) we may submit to and receive from your Third-Party Account additional information to the extent you are notified when you link your account with the Third-Party Account. Depending on the Third-Party Accounts you choose and subject to the privacy settings that you have set in such Third-Party Accounts, personally identifiable information that you post to your Third-Party Accounts may be available on and through your account on the Site. Please note that if a Third-Party Account or associated service becomes unavailable or our access to such Third Party Account is terminated by the third-party service provider, then Social Network Content may no longer be available on and through the Site. You will have the ability to disable the connection between your account on the Site and your Third-Party Accounts at any time. PLEASE NOTE THAT YOUR RELATIONSHIP WITH THE THIRD-
PARTY SERVICE PROVIDERS ASSOCIATED WITH YOUR THIRD-PARTY ACCOUNTS IS GOVERNED SOLELY BY YOUR AGREEMENT(S) WITH SUCH THIRD-PARTY SERVICE PROVIDERS. We make no effort to review any Social Network Content for any purpose, including but not limited to, for accuracy, legality, or non-infringement, and we are not responsible for any Social Network Content. You acknowledge and agree that we may access your email address book associated with a Third-Party Account and your contacts list stored on your mobile device or tablet computer solely for purposes of identifying and informing you of those contacts who have also registered to use the Site. You can deactivate the connection between the Site and your Third-Party Account by contacting us using the contact information below or through your account settings (if applicable). We will attempt to delete any information stored on our servers that was obtained through such Third-Party Account, except the username and profile picture that become associated with your account.
## SUBMISSIONS
You acknowledge and agree that any questions, comments, suggestions, ideas, feedback, or other information regarding the Site ("Submissions") provided by you to us are non-confidential and shall become our sole property. We shall own exclusive rights, including all intellectual property rights, and shall be entitled to the unrestricted use and dissemination of these Submissions for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you. You hereby waive all moral rights to any such Submissions, and you hereby warrant that any such Submissions are original with you or that you have the right to submit such Submissions. You agree there shall be no recourse against us for any alleged or actual infringement or misappropriation of any proprietary right in your Submissions.
## THIRD-PARTY WEBSITES AND CONTENT
The Site may contain (or you may be sent via the Site) links to other websites ("Third-Party Websites") as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software, and other content or items belonging to or originating from third parties ("Third-Party Content"). Such Third-Party Websites and Third-Party Content are not investigated, monitored, or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any Third-Party Websites accessed through the Site or any Third-Party Content posted on, available through, or installed from the Site, including the content, accuracy, offensiveness, opinions, reliability, privacy practices, or other policies of or contained in the Third-Party Websites or the Third-Party Content. Inclusion of, linking to, or permitting the use or installation of any Third-Party Websites or any Third-Party Content does not imply approval or endorsement thereof by us. If you decide to leave the Site and access the Third-Party Websites or to use or install any Third-Party Content, you do so at your own risk, and you should be aware these Terms of Use no longer govern. You should review the applicable terms and policies, including privacy and data gathering practices, of any website to which you navigate from the Site or relating to any applications you use or install from the Site. Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites.
## SITE MANAGEMENT
We reserve the right, but not the obligation, to: (1) monitor the Site for violations of these Terms of Use; (2) take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms of Use, including without limitation, reporting such user to law enforcement authorities; (3) in our sole discretion and without limitation, refuse, restrict access to, limit the availability of, or disable (to the extent technologically feasible) any of your Contributions or any portion thereof; (4) in our sole discretion and without limitation, notice, or liability, to remove from the Site or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems; and (5) otherwise manage the Site in a manner designed to protect our rights and property and to facilitate the proper functioning of the Site.
## PRIVACY POLICY
We care about data privacy and security. Please review our Privacy Policy: www.threefold.io/privacy. By using the Site, you agree to be bound by our Privacy Policy, which is incorporated into these Terms of Use. Please be advised the Site is hosted in the United States. If you access the Site from the European Union, Asia, or any other region of the world with laws or other requirements governing personal data collection, use, or disclosure that differ from applicable laws in the United States, then through your continued use of the Site, you are transferring your data to the United States, and you expressly consent to have your data transferred to and processed in the United States. Further, we do not knowingly accept, request, or solicit information from children or knowingly market to children. Therefore, in accordance with the U.S. Children’s Online Privacy Protection Act, if we receive actual knowledge that anyone under the age of 13 has provided personal information to us without the requisite and verifiable parental consent, we will delete that information from the Site as quickly as is reasonably practical.
## TERM AND TERMINATION
These Terms of Use shall remain in full force and effect while you use the Site. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS OF USE, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SITE (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OF USE OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SITE OR DELETE YOUR ACCOUNT AND ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION.
If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress.
## MODIFICATIONS AND INTERRUPTIONS
We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Site. We also reserve the right to modify or discontinue all or part of the Site without notice at any time. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Site.
We cannot guarantee the Site will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Site, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Site at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Site during any downtime or discontinuance of the Site. Nothing in these Terms of Use will be construed to obligate us to maintain and support the Site or to supply any corrections, updates, or releases in connection therewith.
## GOVERNING LAW
These Terms of Use and your use of the Site are governed by and construed in accordance with the laws of Belgium, without regard to its conflict of law principles.
## DISPUTE RESOLUTION
Any legal action of whatever nature brought by either you or us (collectively, the “Parties” and individually, a “Party”) shall be commenced or prosecuted in courts located in Belgium, Ghent, and the Parties hereby consent to, and waive all defenses of lack of personal jurisdiction and forum non conveniens with respect to venue and jurisdiction in such state and federal courts. Application of the United Nations Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transaction Act (UCITA) are excluded from these Terms of Use. In no event shall any claim, action, or proceeding brought by either Party related in any way to the Site be commenced more than one (1) years after the cause of action arose.
CORRECTIONS
There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice.
## DISCLAIMER
THE SITE IS PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SITE AND OUR SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SITE AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SITE’S CONTENT OR THE CONTENT OF ANY WEBSITES LINKED TO THE SITE AND WE WILL ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY (1) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS, (2) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF THE SITE, (3) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (4) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SITE, (5) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SITE BY ANY THIRD PARTY, AND/OR (6) ANY ERRORS OR OMISSIONS IN ANY CONTENT AND MATERIALS OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE SITE. WE DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SITE, ANY HYPERLINKED WEBSITE, OR ANY WEBSITE OR MOBILE APPLICATION FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND WE WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND ANY THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES. AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE.
## LIMITATIONS OF LIABILITY
IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO $1.00 USD. CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.
## INDEMNIFICATION
You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of: (1) your Contributions; (2) use of the Site; (3) breach of these Terms of Use; (4) any breach of your representations and warranties set forth in these Terms of Use; (5) your violation of the rights of a third party, including but not limited to intellectual property rights; or (6) any overt harmful act toward any other user of the Site with whom you connected via the Site. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.
## USER DATA
We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.
## ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES
Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SITE. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.
## MISCELLANEOUS
These Terms of Use and any policies or operating rules posted by us on the Site or in respect to the Site constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms of Use shall not operate as a waiver of such right or provision. These Terms of Use operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms of Use is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms of Use and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms of Use or use of the Site. You agree that these Terms of Use will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Terms of Use and the lack of signing by the parties hereto to execute these Terms of Use.
## CONTACT US
In order to resolve a complaint regarding the Site or to receive further information regarding use of the Site, please contact us at:
ThreeFold
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# Terms & Conditions
*Last updated September 13, 2019*
**AGREEMENT TO TERMS**
These Terms & Conditions constitute a legally binding agreement made between you, whether personally or on behalf of an entity ("you") and ThreeFold, doing business as ThreeFold ("**ThreeFold**", “**we**”, “**us**”, or “**our**”), concerning your access to and use of the [ThreeFold](https://www.threefold.io) website as well as any other ThreeFold Movement's website and/or media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”). You agree that by accessing the Site, you have read, understood, and agreed to be bound by all of these Terms of Use. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND YOU MUST DISCONTINUE USE IMMEDIATELY.
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**SITE MANAGEMENT**
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**PRIVACY POLICY**
We care about data privacy and security. Please review our [Privacy Policy](privacypolicy.md). By using the Site, you agree to be bound by our Privacy Policy, which is incorporated into these Terms of Use. Please be advised the Site is hosted in the United States. If you access the Site from the European Union, Asia, or any other region of the world with laws or other requirements governing personal data collection, use, or disclosure that differ from applicable laws in the United States, then through your continued use of the Site, you are transferring your data to the United States, and you expressly consent to have your data transferred to and processed in the United States. Further, we do not knowingly accept, request, or solicit information from children or knowingly market to children. Therefore, in accordance with the U.S. Children’s Online Privacy Protection Act, if we receive actual knowledge that anyone under the age of 13 has provided personal information to us without the requisite and verifiable parental consent, we will delete that information from the Site as quickly as is reasonably practical.
**TERM AND TERMINATION**
These Terms of Use shall remain in full force and effect while you use the Site. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS OF USE, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SITE (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OF USE OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SITE OR DELETE YOUR ACCOUNT AND ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION.
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**MODIFICATIONS AND INTERRUPTIONS**
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**GOVERNING LAW**
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**DISPUTE RESOLUTION**
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**CORRECTIONS**
There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice.
**DISCLAIMER**
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**LIMITATIONS OF LIABILITY**
IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO $1.00 USD. CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.
**INDEMNIFICATION**
You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of: (1) your Contributions; (2) use of the Site; (3) breach of these Terms of Use; (4) any breach of your representations and warranties set forth in these Terms of Use; (5) your violation of the rights of a third party, including but not limited to intellectual property rights; or (6) any overt harmful act toward any other user of the Site with whom you connected via the Site. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.
**USER DATA**
We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.
**ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES**
Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SITE. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.
**MISCELLANEOUS**
These Terms of Use and any policies or operating rules posted by us on the Site or in respect to the Site constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms of Use shall not operate as a waiver of such right or provision. These Terms of Use operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms of Use is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms of Use and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms of Use or use of the Site. You agree that these Terms of Use will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Terms of Use and the lack of signing by the parties hereto to execute these Terms of Use.
**CONTACT US**
In order to resolve a complaint regarding the Site or to receive further information regarding use of the Site, please contact us at: dataprivacy@threefold.io

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# BetterToken NV
![](img/bettertoken_web.jpg)
European Farming Cooperative for the foundation:
- Operates a data center in Lochristi (Belgium) offering hosting and connectivity for TF Farmers
- Currently, 100+ nodes – many of them are owned by TF farmers
- [ThreeFold Tech](./threefold_tech.md) NV uses some of their equipment today for development
- Sale of small servers to TF Farmers, was done mainly via an online webshop
## Income
- Hosting fees for the maintenance & running of the farmer pool
## Structure
- Started 30 November 2016
- [limited liable company in belgium](http://www.ejustice.just.fgov.be/tsv_pdf/2016/11/30/16324281.pdf)
- Peter Van der Henst is the managing director
## Expected Changes
BetterToken continues to be farming cooperative for Europe. Right now there is not much happening in BetterToken.

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# Cloud Units
![](img/cloudunits_abstract.jpg)
## What are Cloud Units?
Cloud units are the basis for price calculation for anyone intending to use/deploy on the Threefold Grid.
Cloud units are a unified way to account for virtual hardware resources on the ThreeFold Grid. They represent compute, storage and network equivalents to energy (kW - kilowatt). The are three categories of cloud units:
- Compute Unit (CU): The amount of data processing power in terms of virtual CPU (vCPU) cores (logical [CPUs](https://en.wikipedia.org/wiki/Central_processing_unit)) and Random Access Momory ([RAM](https://en.wikipedia.org/wiki/Random-access_memory)).
- Storage Unit (SU): The amount of storage capacity in terms of Hard Disk Drives (HDDs) and Solid State Drives (SSDs) in Gigabytes (GB).
- Network Unit (NU): The amount of data that travels in and out of storage units or compute units expressed in GB.
> Note: [Resource units](./resource_units_calc_cloudunits.md) are used to calculate SU & CU. Resource Units are used to measure compute and storage capacity produced by hardware.
When a solution is deployed on the ThreeFold Grid, the system automatically gathers the required amount of CU, SU, or NU. It is important to note that users are not billed upon reservation but only when utilizing the actualy CU, SU and NU. TF Certified Farmers can define the price of CU, SU, and NU they make available on the ThreeFold Grid.
## How is the price of Cloud Units (v4) calculated?
The following tables display how cloud units (v4) are calculated on the ThreeFold Grid. The 4th version of cloud units are used since Grid 2.2+ in mid 2020.
### Compute Capacity
| CU (Compute Unit) | | | | |
| ------------------------------------- | --- | --- | ---- | --------------- |
| GB Memory | 4 | 8 | 2 | |
| nr vCPU | 2 | 1 | 4 | |
| Passmark Minimum (expected is double) | 500 | 250 | 1000 | CPU performance |
The passmark (CPU benchmark or alternative) is not measured on the grid yet. It is used in simulators to check the mechanisms and ensure enough performance per CU is delivered.
Example of Compute unit:
- 4 GB memory & 2 virtual CPU (and 50GB of SSD disk space)
- Recommended price on TF Grid = 10 USD
- Alternative cloud price = between 40 USD and 180 USD
See how we compare with the market compute prices [here](./pricing/pricing.md).
### Storage Capacity
| SU (Storage Unit) | HDD | SSD |
| ------------------- | ---- | --- |
| GB Storage Capacity | 1200 | 200 |
HDD is only usable for Zero Database driven storage (e.g. ThreeFold Quantum Safe Storage). 1.2 TB of HDD is provided following the advised storage policy of 16+4 with 20% overhead. So the net usable storage would be 1TB. In other words, the SU corresponds in that case to 1TB of net usable storage and an extra 200GB for redundancy.
Example of Storage unit:
- 1TB of usable storage as provided by the Zero-DBs (the backend storage systems)
- Recommended price on TF Grid for 1 SU = 10 USD
- Alternative cloud price = between 20 USD and 200 USD
See how we compare with market storage prices [here](./pricing/pricing.md).
### Network
| NU (Network Unit = per GB) = NRU per month | GB (NRU) |
| ------------------------------------------ | -------- |
| GB transferred OUT or IN | 1 |
> We use SU-month and CU-month to show SU monthly costs. This can be compared to kilowatts (kW) to see electricity usage per month. Learn more about how this is calculated with [Resource units](./resource_units_calc_cloudunits.md), a way to measure the compute and storage capacity produced by hardware.

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# Cloud Units Advanced
## How is the price of Cloud Units (v4) calculated?
The following tables display how cloud units (v4) are calculated on the ThreeFold Grid. The 4th version of cloud units are used since Grid 2.2+ in mid 2020.
> Note: [Resource units](resource_units.md) are used to calculate SU & CU. Resource Units are used to measure compute and storage capacity produced by hardware.
### Compute Capacity
| CU (Compute Unit) | | | | |
| ------------------------------------- | --- | --- | ---- | --------------- |
| GB Memory | 4 | 8 | 2 | |
| nr vCPU | 2 | 1 | 4 | |
| Passmark Minimum (expected is double) | 500 | 250 | 1000 | CPU performance |
The passmark (CPU benchmark or alternative) is not measured on the grid yet. It is used in simulators to check the mechanisms and ensure enough performance per CU is delivered.
Example of Compute unit:
- 4 GB memory & 2 virtual CPU (and 50GB of SSD disk space)
- Recommended price on TF Grid = 10 USD
- Alternative cloud price = between 40 USD and 180 USD
See how we compare with the market compute prices [here](pricing).
### Storage Capacity
| SU (Storage Unit) | HDD | SSD |
| ------------------- | ---- | --- |
| GB Storage Capacity | 1200 | 200 |
HDD is only usable for Zero Database driven storage (e.g. ThreeFold Quantum Safe Storage). 1.2 TB of HDD is provided following the advised storage policy of 16+4 with 20% overhead. So the net usable storage would be 1TB. In other words, the SU corresponds in that case to 1TB of net usable storage and an extra 200GB for redundancy.
Example of Storage unit:
- 1TB of usable storage as provided by the Zero-DBs (the backend storage systems)
- Recommended price on TF Grid for 1 SU = 10 USD
- Alternative cloud price = between 20 USD and 200 USD
See how we compare with market storage prices [here](pricing).
### Network
| NU (Network Unit = per GB) = NRU per month | GB (NRU) |
| ------------------------------------------ | -------- |
| GB transferred OUT or IN | 1 |
> We use SU-month and CU-month to show SU monthly costs. This can be compared to kilowatts (kW) to see electricity usage per month. Learn more about how this is calculated with [Resource units](resource_units), a way to measure the compute and storage capacity produced by hardware.

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<h1> Cloud </h1>
<h2>Table of Contents</h2>
- [Cloud Units](./cloudunits.md)
- [Pricing](./pricing/pricing_toc.md)
- [Pricing Overview](./pricing/pricing.md)
- [Staking Discounts](./pricing/staking_discount_levels.md)
- [Cloud Pricing Compare](./pricing/cloud_pricing_compare.md)
- [Resource Units](./resource_units_calc_cloudunits.md)
- [Resource Units Advanced](./resourceunits_advanced.md)

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## Price comparison Cloudorado
![](img/cloudorado.jpg)
### Compute
A ThreeFold Compute Unit is (CU)
- 4 GB memory
- 2 virtual CPU cores
A good site to compare is Cloudorado: https://www.cloudorado.com/
![](img/cloudorado_compute_choices.jpg ':size=600x240')
| Compute | Compute |
| --------------------------------- | --------------------------------- |
| ![](img/cloudorado_compute_1.jpg) | ![](img/cloudorado_compute_2.jpg) |
#### Compute Conclusion
> Our price can easily be < 10 USD for 1 compute unit (CU) <BR>
> In market, this is between 36 and 202 USD
### Storage
A ThreeFold Storage Unit is (SU)
- 1 TB of storage
Again, a good site to compare is Cloudorado: https://www.cloudorado.com/
![](img/cloudorado_storage_choices.jpg ':size=600x270')
![](img/cloudorado_storage_1.jpg ':size=500x610')
#### Storage Conclusion
> Our price can easily be < 8 USD for 1 storage unit (CU) <BR>
> In market, this is between 19 and 154 USD
<!-- TODO: Update with current market and add generated_on -->

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![](img/tfgrid_pricing.jpg)
## Cloud Unit Pricing
| Cloud Units | description | mUSD | mTFT |
| ----------------- | ------------------------------------------------ | ------------------ | ------------------ |
| Compute Unit (CU) | typically 2 vcpu, 4 GB mem, 50 GB storage | $CU_MUSD_HOUR/hour | $CU_MTFT_HOUR/hour |
| Storage Unit (SU) | typically 1 TB of netto usable storage (*) | $SU_MUSD_HOUR/hour | $SU_MTFT_HOUR/hour |
| Network Unit (NU) | 1 GB transfer, bandwidth as used by TFGrid users | $NU_MUSD_GB/GB | $NU_MTFT_GB/GB |
| Network Addressing | description | mUSD | mTFT |
| ------------------ | ------------------------------------------ | --------------------- | --------------------- |
| IPv4 Address | Public Ip Address as used by a TFGrid user | $IP_MUSD_HOUR/hour | $IP_MTFT_HOUR/hour |
| Unique Name | Usable as name on webgateways | $NAME_MUSD_HOUR/hour | $NAME_MTFT_HOUR/hour |
| Unique Domain Name | Usable as dns name on webgateways | $DNAME_MUSD_HOUR/hour | $DNAME_MTFT_HOUR/hour |
- mUSD = 1/1000 of USD, mTFT = 1/1000 of TFT
- TFT pricing pegged to USD (pricing changes in line with TFT/USD rate)
- **current TFT to USD price is $TFTUSD** , calculated on $NOW
- pricing is calculated per hour for the TFGrid 3.0
<!-- - pricing of capacity of certified farmers is 25% more (x 1.25) (future development) -->
### Pricing Expressed Per Month
| Cloud Units | description | USD NO DISCOUNT | USD 60% DISCOUNT |
| ----------------- | ------------------------------------------------ | ------------------- | ---------------------------- |
| Compute Unit (CU) | typically 2 vcpu, 4 GB mem, 50 GB storage | $CU_USD_MONTH/month | $CU_USD_MONTH_DISCOUNT/month |
| Storage Unit (SU) | typically 1 TB of netto usable storage (*) | $SU_USD_MONTH/month | $SU_USD_MONTH_DISCOUNT/month |
| Network Unit (NU) | 1 GB transfer, bandwidth as used by TFGrid users | $NU_USD_GB/GB | $NU_USD_MONTH_DISCOUNT/GB |
| IPv4 Address | Public Ip Address as used by a TFGrid user | $IP_USD_MONTH/month | $IP_USD_MONTH_DISCOUNT/month |
> Please check pricing calculator on http://pricing.threefold.me
### Dedicated Servers
Starting April 2022, the TFGrid 3.0/a5 has support for dedicated servers. You can reserve a full server and the server is only usable for you, a minimum of 70% discount is given for this usecase.
- Dedicated Node, 192 GB mem, 24 cores, 1000 GB SSD = 75 USD per month (max discount, 3Y staking)
- Dedicated Node, 32 GB mem, 8 cores, 1000 GB SSD = 31 USD per month (max discount, 3Y staking)
Above example was with generous 5TB of bandwidth used per node per month, which is huge.
These nodes are ideal to deploy blockchain nodes, or other high demanding workloads. Dedicated nodes leads to amazing pricing.
To use a dedicated node, you will have to reserve a 3node for yourself in your admin portal of TFGrid, only you can then deploy on this node and there is no additional cost.
> Please check pricing calculator on http://pricing.threefold.me
### How to buy and use capacity
- More info about [how to use the grid see here](grid_use)
- See our manual how to get started.
- [TFT's can be bought on multiple locations](how_to_buy).
### More Info
- See [here for more info about planet positive certification](certified_farming)
- Pricing is done based on cloud units, see [cloudunits](cloudunits)
!!!include:staking_discount_levels
!!!def alias:tfpricing,cloudunit_pricing,threefold_pricing
!!!tfpriceinfo

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<h1> Cloud Unit Pricing </h1>
![](img/tfgrid_pricing.jpg)
<h2>Table of Contents</h2>
- [Pricing Policy](#pricing-policy)
- [Pricing Expressed Per Month](#pricing-expressed-per-month)
- [Operation Fees](#operation-fees)
- [Certified Capacity](#certified-capacity)
- [Dedicated Nodes](#dedicated-nodes)
- [Staking Discount](#staking-discount)
- [Example for 40% discount (Silver)](#example-for-40-discount-silver)
***
## Pricing Policy
- The current prices are for resources usage on mainnet (testnet get 50% discount)
- A month is considered as 30 days (720 hours)
| Cloud Units | Description | mUSD | mTFT |
| ----------------- | ------------------------------------------------ | ------------------ | ------------------ |
| Compute Unit (CU) | typically 2 vcpu, 4 GB mem, 50 GB storage | {{#include ../../../values/CU_MUSD_HOUR.md}}/hour | {{#include ../../../values/CU_MTFT_HOUR.md}}/hour |
| Storage Unit (SU) | typically 1 TB of netto usable storage (*) | {{#include ../../../values/SU_MUSD_HOUR.md}}/hour | {{#include ../../../values/SU_MTFT_HOUR.md}}/hour |
| Network Unit (NU) | 1 GB transfer, bandwidth as used by TFGrid users | {{#include ../../../values/NU_MUSD_HOUR.md}}/hour | {{#include ../../../values/NU_MTFT_HOUR.md}}/hour |
<br>
| Network Addressing | Description | mUSD | mTFT |
| ------------------ | ------------------------------------------ | --------------------- | --------------------- |
| IPv4 Address | Public Ip Address as used by a TFGrid user | {{#include ../../../values/IP_MUSD_HOUR.md}}/hour | {{#include ../../../values/IP_MTFT_HOUR.md}}/hour |
| Unique Name | Usable as name on webgateways | {{#include ../../../values/NAME_MUSD_HOUR.md}} | {{#include ../../../values/NAME_MTFT_HOUR.md}}/hour |
| Unique Domain Name | Usable as dns name on webgateways | {{#include ../../../values/DNAME_MUSD_HOUR.md}}/hour | {{#include ../../../values/DNAME_MTFT_HOUR.md}}/hour |
- mUSD = 1/1000 of USD, mTFT = 1/1000 of TFT
- TFT pricing pegged to USD (pricing changes in line with TFT/USD rate)
- The current TFT to USD price is {{#include ../../../values/tft_value.md}} USD
- pricing is calculated per hour for the TFGrid 3.0
> Please check our [Cloud Pricing for utilization sheet](https://docs.google.com/spreadsheets/d/1E6MpGs15h1_flyT5AtyKp1TixH1ILuGo5tzHdmjeYdQ/edit#gid=2014089775) for more details.
## Pricing Expressed Per Month
| Cloud Units | description | USD NO DISCOUNT | USD 60% DISCOUNT |
| ----------------- | ------------------------------------------------ | ------------------- | ---------------------------- |
| Compute Unit (CU) | typically 2 vcpu, 4 GB mem, 50 GB storage | 22.00/month | 8.80/month |
| Storage Unit (SU) | typically 1 TB of netto usable storage | 14.00/month | 5.60/month |
| Network Unit (NU) | 1 GB transfer, bandwidth as used by TFGrid users | 0.05/GB | 0.03/GB |
| IPv4 Address | Public Ip Address as used by a TFGrid user | 5.00/month | 3.00/month |
## Operation Fees
Operations on TFChain have a base fee of 0.001 TFT. Creating and destroying deployments usually includes several operations.
## Certified Capacity
Renting capacity on certified nodes is charged 25% extra (x 1.25).
## Dedicated Nodes
Since April 2022, TFGrid has introduced dedicated server support. With dedicated servers, you can reserve a full server exclusively for your use. This comes with 50% discount, making it a cost-effective option.
Here are two examples of dedicated nodes and their prices, with maximum staking discount level (Gold => -60%) for 18 months staking:
- Dedicated Node 1: 192 GB memory, 24 cores, 1000 GB SSD = $75 per month
- Dedicated Node 2: 32 GB memory, 8 cores, 1000 GB SSD = $31 per month
> Please check our [Cloud Pricing for utilization sheet](https://docs.google.com/spreadsheets/d/1E6MpGs15h1_flyT5AtyKp1TixH1ILuGo5tzHdmjeYdQ/edit#gid=2014089775) for more details.
These dedicated nodes come with a generous 5TB bandwidth usage per node per month. They are well-suited for deploying blockchain nodes or other resource-intensive workloads. Using a dedicated node requires reserving a 3node in your TFGrid admin portal. Once reserved, you have exclusive deployment rights for that node, and there are no additional costs.
When renting a dedicated node, you receive a 50% discount for the entire node. However, it's important to note that you will still be required to pay for the entire node, even with the discount applied. This means that while you enjoy the discount, the cost of the dedicated node is not prorated based on the resources you utilize.
## Staking Discount
| Type | Pricing Level | Nr months of TFT linked to account |
| ---------- | ------------- | ---------------------------------- |
| No staking | - 0% | 0 |
| Default | - 20% | 1.5 months |
| Bronze | - 30% | 3 months |
| Silver | - 40% | 6 months |
| Gold | - 60% | 18 months |
TFChain charges users for proof of utilization on an hourly basis. The discount applied is determined by the amount of TFT (ThreeFold Token) available in the user's TFChain account. It's important to note that the discount is calculated based on the TFT balance in the TFChain account, not on other supported blockchains like Stellar.
This discount mechanism operates automatically, and users don't need to take any specific actions to avail themselves of this benefit. However, it's worth mentioning that the maximum discount for network-related services is 40%.
### Example for 40% discount (Silver)
Let's break down the example for a 40% discount on Internet Capacity consumption:
- Suppose your consumption on the ThreeFold Grid is worth 10 TFT per hour.
- To be eligible for a 40% discount, you need to have a minimum of 43,200 TFT in your account, calculated as 10 TFT * 24 hours * 30 days * 6 months.
- Similarly, to be eligible for a 60% discount, you would need a minimum of 129,600 TFT in your account, calculated as 10 TFT * 24 hours * 30 days * 18 months.
- If you have 60,000 TFT in your TFChain account, you would receive a 40% discount.
- However, since you don't have enough tokens to qualify for the 60% discount, it won't be applicable.
- With the 40% discount, your effective payment for the consumption would be 6 TFT per hour, as long as the amount of TFT in your account falls within the range of 43,200 to 129,600 (as calculated above).
Keep in mind that these calculations are based on the example provided and the specific discount levels mentioned.

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# Pricing
<h2>Table of Contents</h2>
- [Pricing Overview](./pricing.md)
- [Staking Discounts](./staking_discount_levels.md)
- [Cloud Pricing Compare](./cloud_pricing_compare.md)

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- [**Home**](@threefold_home)
-----
**Pricing**
- [Cloud Pricing](@pricing)
- [Cloud Pricing Compare](@cloud_pricing_compare)

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## Staking Discount Levels
{{#include staking_discount_levels0.md}}

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| type | pricing level | nr months of TFT linked to account |
| ---------- | ------------- | ---------------------------------- |
| no staking | - 0% | 0 |
| default | - 20% | 3 months |
| bronze | - 30% | 6 months |
| silver | - 40% | 12 months |
| gold | - 60% | 36 months |
TFChain charges the user for proof_of_utilization every hour. TFChain will calculate the discount based on amount of TFT available in the account of the user on TFChain (not on Stellar or any of the other blockchains we also support). This is an automatic form of staking, the user does not have to do anything to have this benefit. For network related services its max 40% discount.
### Example for 40% discount
- I've used 10 TFT worth of Internet Capacity on tf_grid for the last hour.
- 10TFT * 24 * 30 * 12 = I would need 86,400 TFT for one year
- 10TFT * 24 * 30 * 36 = I would need 259,200 TFT for 3 year
- I have 120,000 TFT in my account on TF_Chain, this means that I will get 40% discount.
- I don't have enough tokens to get to 60% discount.

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<h1> Resource Units </h1>
<h2>Table of Contents</h2>
- [Resource Units Overview](#resource-units-overview)
- [Compute](#compute)
- [Storage](#storage)
- [Storage cost price verification Dec 2021](#storage-cost-price-verification-dec-2021)
- [Change Log](#change-log)
- [Remarks](#remarks)
***
## Resource Units Overview
The threefold Zero-OS and TFChain software translates resource units (CRU, MRU, HRU, SRU) into cloud units (CU, SU) for farming reward purposes.
Resource units are used to measure and convert capacity on the hardware level into cloud units: CU & SU.
| Unit Type | Description | Code |
| ------------ | ------------------------------------ | ---- |
| Core Unit | 1 Logical Core (Hyperthreaded Core) | CRU |
| Mem Unit | 1 GB mem | MRU |
| HD Unit | 1 GB | HRU |
| SSD Unit | 1 GB | SRU |
| Network Unit | 1 GB of bandwidth transmitted in/out | NRU |
These are raw capacities as measured by the ThreeFold software running on Zero-OS.
To learn how they convert into cloudunits see [here](./resourceunits_advanced.md)
### Compute
For farming, 1 CU equals:
- 2 virtual CPUs with a maximum over subscription of 4 CPUs and minimum required memory of 4GB.
- An over subscription of 4 CPUs remains still gentle as we understand many other providers use more.
- There needs to be at least 50GB SSD per CU, if not there is penalty for nr of CU, reasoning is that otherwise people cannot deploy their VM's or Containers if there would not be minimal SSD.
```python
cu = min((mru - 1) / 4, cru * 4 / 2, sru / 50)
```
- 1 GB of memory is subtracted for the operating system to function.
- please note minimal passmark per CU (with 4GB mem), needs to be 1000 passmark at farming side, this is not being checked today but might be done in future. If your chosen CPU has less than 1000 passmark per CU (of 4 GB mem), it could be your final CU's will be lower once that feature is introduced.
<!-- > NOTE 17 Jan: some possible abuse has been found, we will do research how to adjust calculations to avoid this. -->
### Storage
For farming, 1 SU equals to:
- 1.2 TB of HD capacity (which can deliver 1 TB of net usable storage)
- 200 GB of SSD capacity with a buffer of 20%
```python
su = hru / 1200 + sru * 0.8 / 200
```
#### Storage cost price verification Dec 2021
- price for 16 TB HDD = 300 USD
- 16000 / 1200 = 13.3 SU
- 1 SU costs = 300 / 13.3 = 22.5 for HDD
- price for 2 TB SSD = 200 USD
- 2000 * 0.8 / 200 = 8 SU
- 1 SU costs 200 / 8 = 25 for SSD
<!-- !!!include:staking_farmed_tft -->
## Change Log
- original non final specs from Summer 2021, was mentioned its not final.
- Dec 2021 update for launch v3.x
- there need to be at least 50 GB SSD capacity per CU
- was in the specs of farming reward but formula above did not take it into consideration, in others nonconsistenty between specs & formula.
- sru division to 200, was 300, to be more in line with HDD vs SSD pricing, this check needs to be done +- every 6 months, results in slightly more SU, which is good for farmers.
- Jan 2022 update for launch v3.x
- reverted change done in Dec, sru does not have to be deducted from cpu, results in increase of farming rewards, in other words good for farmers. Also good formula more easy.
- Introduced warning about minimum CPU requirements in relation to passmark.
## Remarks
- There seems to be issue in simulator play.grid.tf, will check asap (17-jan)
- We are checking all numbers & the DAO is coming life in Jan/Feb 2022, once we have the DAO every change of the specs needs to be approved by DAO voting members. For now we use the forum to notify and ask feedback and make sure farming reward goes up for the changes if possible. There ia already a minimal DAO life, the blockchain TFChain validators (L1) need to find consensus to upgrade code.

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## Resource Units
Resource units are used to measure and convert capacity on the hardware level into cloud units: CU & SU.
| Unit Type | Description | Code |
| ------------ | ------------------------------------ | ---- |
| Core Unit | 1 Logical Core (Hyperthreaded Core) | CRU |
| Mem Unit | 1 GB mem | MRU |
| HD Unit | 1 GB | HRU |
| SSD Unit | 1 GB | SRU |
| Network Unit | 1 GB of bandwidth transmitted in/out | NRU |
These are raw capacities as measured by the ThreeFold software running on Zero-OS.
To learn how they convert into cloudunits see [here](./resourceunits_advanced.md)

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# Resource Units Calculation
## Calculation from resource units to CU/SU for farming purposes
The threefold Zero-OS and TFChain software translates resource units (CRU, MRU, HRU, SRU) into cloud units (CU, SU) for farming reward purposes.
### Compute
For farming, 1 CU equals:
- 2 virtual CPUs with a maximum over subscription of 4 CPUs and minimum required memory of 4GB.
- An over subscription of 4 CPUs remains still gentle as we understand many other providers use more.
- There needs to be at least 50GB SSD per CU, if not there is penalty for nr of CU, reasoning is that otherwise people cannot deploy their VM's or Containers if there would not be minimal SSD.
```python
cu = min((mru - 1) / 4, cru * 4 / 2, sru / 50)
```
- 1 GB of memory is subtracted for the operating system to function.
- please note minimal passmark per CU (with 4GB mem), needs to be 1000 passmark at farming side, this is not being checked today but might be done in future. If your chosen CPU has less than 1000 passmark per CU (of 4 GB mem), it could be your final CU's will be lower once that feature is introduced.
### Storage
For farming, 1 SU equals to:
- 1.2 TB of HD capacity (which can deliver 1 TB of net usable storage)
- 200 GB of SSD capacity with a buffer of 20%
```python
su = hru / 1200 + sru * 0.8 / 200
```
#### Storage cost price verification Dec 2021
- price for 16 TB HDD = 300 USD
- 16000 / 1200 = 13.3 SU
- 1 SU costs = 300 / 13.3 = 22.5 for HDD
- price for 2 TB SSD = 200 USD
- 2000 * 0.8 / 200 = 8 SU
- 1 SU costs 200 / 8 = 25 for SSD
<!-- ## Change Log
- original non final specs from Summer 2021, was mentioned its not final.
- Dec 2021 update for launch v3.x
- there need to be at least 50 GB SSD capacity per CU
- was in the specs of farming reward but formula above did not take it into consideration, in others nonconsistenty between specs & formula.
- sru division to 200, was 300, to be more in line with HDD vs SSD pricing, this check needs to be done +- every 6 months, results in slightly more SU, which is good for farmers.
- Jan 2022 update for launch v3.x
- reverted change done in Dec, sru does not have to be deducted from cpu, results in increase of farming rewards, in other words good for farmers. Also good formula more easy.
- Introduced warning about minimum CPU requirements in relation to passmark.
-->

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## DAO
> DAO = Decentralized Autonomous Organization
![](img/dao_whatis_.jpg)
- Decentralized = Online, global, uncensorable.
- Autonomous = Self-governing.
- Organization = Coordination & collaboration around shared objectives.
DAOs are an effective and safe way to work with like-minded folks around the globe.
Think of them like an internet-native business that's collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.
This opens up so many new opportunities for global collaboration and coordination.
DAOs operate using smart contracts, which are essentially chunks of code that automatically execute whenever a set of criteria are met. These smart contracts establish the DAO’s rules. Those with a stake in a DAO then get voting rights and may influence how the organization operates by deciding on or creating new governance proposals.
| DAO | A traditional organization |
| ----------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------- |
| Usually flat, and fully democratized. | Usually hierarchical. |
| Voting required by members for any changes to be implemented. | Depending on structure, changes can be demanded from a sole party, or voting may be offered. |
| Votes tallied, and outcome implemented automatically without trusted intermediary. | If voting is allowed, votes are tallied internally, and the outcome of voting must be handled manually. |
| Services offered are handled automatically in a decentralized manner (for example distribution of philanthropic funds). | Requires human handling, or centrally controlled automation, prone to manipulation. |
| All activity is transparent and fully public. | Requires human handling, or centrally controlled automation, prone to manipulation. |
*Info from https://ethereum.org/en/dao/, picture from https://cointelegraph.com/ethereum-for-beginners*
Decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial and voting transaction record and program rules are maintained on a blockchain.
Decentralized autonomous organizations are typified by the use of blockchain technology to provide a secure digital ledger to track financial and other community interactions across the internet, hardened against forgery by trusted timestamping and dissemination of a distributed database. This approach eliminates the need to involve a mutually acceptable trusted third party in a transaction, simplifying the transaction. The costs of a blockchain-enabled transaction and of the associated data reporting may be substantially offset by the elimination of both the trusted third party and of the need for repetitive recording of contract exchanges in different records. For example, the blockchain data could, in principle and if regulatory structures permit it, replace public documents such as deeds and titles. In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration.
*Info from [here](https://en.wikipedia.org/wiki/Decentralized_autonomous_organization)*

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![](img/dao_whatis_.jpg)
- Decentralized = Online, global, uncensorable.
- Autonomous = Self-governing.
- Organization = Coordination & collaboration around shared objectives.
DAOs are an effective and safe way to work with like-minded folks around the globe.
Think of them like an internet-native business that's collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.
This opens up so many new opportunities for global collaboration and coordination.
DAOs operate using smart contracts, which are essentially chunks of code that automatically execute whenever a set of criteria are met. These smart contracts establish the DAO’s rules. Those with a stake in a DAO then get voting rights and may influence how the organization operates by deciding on or creating new governance proposals.
| DAO | A traditional organization |
| ----------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------- |
| Usually flat, and fully democratized. | Usually hierarchical. |
| Voting required by members for any changes to be implemented. | Depending on structure, changes can be demanded from a sole party, or voting may be offered. |
| Votes tallied, and outcome implemented automatically without trusted intermediary. | If voting is allowed, votes are tallied internally, and the outcome of voting must be handled manually. |
| Services offered are handled automatically in a decentralized manner (for example distribution of philanthropic funds). | Requires human handling, or centrally controlled automation, prone to manipulation. |
| All activity is transparent and fully public. | Requires human handling, or centrally controlled automation, prone to manipulation. |
*Info from https://ethereum.org/en/dao/, picture from https://cointelegraph.com/ethereum-for-beginners*
Decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial and voting transaction record and program rules are maintained on a blockchain.
Decentralized autonomous organizations are typified by the use of blockchain technology to provide a secure digital ledger to track financial and other community interactions across the internet, hardened against forgery by trusted timestamping and dissemination of a distributed database. This approach eliminates the need to involve a mutually acceptable trusted third party in a transaction, simplifying the transaction. The costs of a blockchain-enabled transaction and of the associated data reporting may be substantially offset by the elimination of both the trusted third party and of the need for repetitive recording of contract exchanges in different records. For example, the blockchain data could, in principle and if regulatory structures permit it, replace public documents such as deeds and titles. In theory, a blockchain approach allows multiple cloud computing users to enter a loosely coupled peer-to-peer smart contract collaboration.

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### More Info:
- [ThreeFold DAO](@tfdao).
- [Why are DAO's important](@dao_why)
- [ThreeFold Validators](@validators_faq).
- [Decentralization Info](@decentralization).

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# What is a decentralized autonomous organization, and how does a DAO work?
![](img/dao_whatis_.jpg)
A decentralized autonomous organization (DAO) is an entity with no central leadership. Decisions get made from the bottom-up, governed by a community organized around a specific set of rules enforced on a blockchain.
DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.
A DAO works without hierarchical management and can have a large number of purposes. Freelancer networks where contracts pool their funds to pay for software subscriptions, charitable organizations where members approve donations and venture capital firms owned by a group are all possible with these organizations.
Before moving on, it’s important to distinguish a DAO, an internet-native organization, from The DAO, one of the first such organizations ever created. The DAO was a project founded in 2016 that ultimately failed and led to a dramatic split of the Ethereum network.
## How does a DAO work?
As mentioned above, a DAO is an organization where decisions get made from the bottom-up; a collective of members owns the organization. There are various ways to participate in a DAO, usually through the ownership of a token.
DAOs operate using smart contracts, which are essentially chunks of code that automatically execute whenever a set of criteria are met. Smart contracts are deployed on numerous blockchains nowadays, though Ethereum was the first to use them.
These smart contracts establish the DAO’s rules. Those with a stake in a DAO then get voting rights and may influence how the organization operates by deciding on or creating new governance proposals.
This model prevents DAOs from being spammed with proposals: A proposal will only pass once the majority of stakeholders approve it. How that majority is determined varies from DAO to DAO and is specified in the smart contracts.
DAOs are fully autonomous and transparent. As they are built on open-source blockchains, anyone can view their code. Anyone can also audit their built-in treasuries, as the blockchain records all financial transactions.
Typically, a DAO launch occurs in three major steps
Smart contract creation: First, a developer or group of developers must create the smart contract behind the DAO. After launch, they can only change the rules set by these contracts through the governance system. That means they must extensively test the contracts to ensure they don’t overlook important details.
Funding: After the smart contracts have been created, the DAO needs to determine a way to receive funding and how to enact governance. More often than not, tokens are sold to raise funds; these tokens give holders voting rights.
Deployment: Once everything is set up, the DAO needs to be deployed on the blockchain. From this point on, stakeholders decide on the future of the organization. The organization’s creators — those who wrote the smart contracts — no longer influence the project any more than other stakeholders.
## Why do we need DAOs?
Being internet-native organizations, DAOs have several advantages over traditional organizations. One significant advantage of DAOs is the lack of trust needed between two parties. While a traditional organization requires a lot of trust in the people behind it — especially on behalf of investors — with DAOs, only the code needs to be trusted.
Trusting that code is easier to do as it’s publicly available and can be extensively tested before launch. Every action a DAO takes after being launched has to be approved by the community and is completely transparent and verifiable.
Such an organization has no hierarchical structure. Yet, it can still accomplish tasks and grow while being controlled by stakeholders via its native token. The lack of a hierarchy means any stakeholder can put forward an innovative idea that the entire group will consider and improve upon. Internal disputes are often easily solved through the voting system, in line with the pre-written rules in the smart contract.
By allowing investors to pool funds, DAOs also give them a chance to invest in early-stage startups and decentralized projects while sharing the risk or any profits that may come out of them.
## The principal-agent dilemma
The main advantage of DAOs is that they offer a solution to the principal-agent dilemma. This dilemma is a conflict in priorities between a person or group (the principal) and those making decisions and acting on their behalf (the agent).
Problems can occur in some situations, with a common one being in the relationship between stakeholders and a CEO. The agent (the CEO) may work in a way that’s not in line with the priorities and goals determined by the principal (the stakeholders) and instead act in their own self-interest.
Another typical example of the principal-agent dilemma occurs when the agent takes excessive risk because the principal bears the burden. For example, a trader can use extreme leverage to chase a performance bonus, knowing the organization will cover any downside.
DAOs solve the principal-agent dilemma through community governance. Stakeholders aren’t forced to join a DAO and only do so after understanding the rules that govern it. They don’t need to trust any agent acting on their behalf and instead work as part of a group whose incentives are aligned.
Token holders’ interests align as the nature of a DAO incentivizes them not to be malicious. Since they have a stake in the network, they will want to see it succeed. Acting against it would be acting against their self-interests.
## What was The DAO?
The DAO was an early iteration of modern decentralized autonomous organizations. It was launched back in 2016 and designed to be an automated organization that acted as a form of venture capital fund.
Those who owned DAO tokens could profit from the organization’s investments by either reaping dividends or benefitting from price appreciation of the tokens. The DAO was initially seen as a revolutionary project and raised $150 million in Ether (ETH), one of the greatest crowdfunding efforts of the time.
The DAO launched on April 30, 2016, after Ethereum protocol engineer Christoph Jentzsch released the open-source code for an Ethereum-based investment organization. Investors bought DAO tokens by moving Ether to its smart contracts.
A few days into the token sale, some developers expressed concerns that a bug in The DAO’s smart contracts could allow malicious actors to drain its funds. While a governance proposal was set forth to fix the bug, an attacker took advantage of it and siphoned over $60 million worth of ETH from The DAO’s wallet.
At the time, around 14% of all ETH in circulation was invested in The DAO. The hack was a significant blow to DAOs in general and the then one-year-old Ethereum network. A debate within the Ethereum community ensued as everyone scrambled to figure out what to do. Initially, Ethereum co-founder Vitalik Buterin proposed a soft fork that would blacklist the attacker’s address and prevent them from moving the funds.
The attacker or someone posing as them then responded to that proposal, claiming the funds had been obtained in a “legal” way according to the smart contract’s rules. They claimed they were ready to take legal action against anyone who tried to seize the funds.
The hacker even threatened to bribe ETH miners with some of the stolen funds to thwart a soft fork attempt. In the debate that ensued, a hard fork was determined to be the solution. That hard fork was implemented to roll back the Ethereum network’s history to before The DAO was hacked and reallocate the stolen funds to a smart contract that allowed investors to withdraw them. Those who disagreed with the move rejected the hard fork and supported an earlier version of the network, known as Ethereum Classic (ETC).
## Disadvantages of DAOs
Decentralized autonomous organizations aren’t perfect. They are an extremely new technology that has attracted much criticism due to lingering concerns regarding their legality, security and structure.
MIT Technology Review has, for example, revealed it considers it a bad idea to trust the masses with important financial decisions. While MIT shared its thoughts back in 2016, the organization appears to have never changed its mind on DAOs — at not least publicly. The DAO hack also raised security concerns, as flaws in smart contracts can be hard to fix even after they are spotted.
DAOs can be distributed across multiple jurisdictions, and there’s no legal framework for them. Any legal issues that may arise will likely require those involved to deal with numerous regional laws in a complicated legal battle.
In July 2017, for example, the United States Securities and Exchange Commission issued a report in which it determined that The DAO sold securities in the form of tokens on the Ethereum blockchain without authorization, violating portions of securities law in the country.
## Examples of DAOs
Decentralized autonomous organizations have gained traction over the last few years and are now fully incorporated into many blockchain projects. The decentralized finance (DeFi) space uses DAOs to allow applications to become fully decentralized, for example.
To some, the Bitcoin (BTC) network is the earliest example of a DAO there is. The network scales via community agreement, even though most network participants have never met each other. It also does not have an organized governance mechanism, and instead, miners and nodes have to signal support.
However, Bitcoin is not seen as a DAO by today’s standards. By current measures, Dash would be the first true DAO, as the project has a governance mechanism that allows stakeholders to vote on the use of its treasury.
Other, more advanced DAOs, including decentralized networks built on top of the Ethereum blockchain, are responsible for launching cryptocurrency-backed stablecoins. In some cases, the organizations that initially launched these DAOs slowly give away control of the project to one day become irrelevant. Token holders can actively vote on governance proposals to hire new contributors, add new tokens as collateral for their coins or adjust other parameters.
In 2020, a DeFi lending protocol launched its own governance token and distributed it through a liquidity mining process. Essentially, anyone who interacted with the protocol would receive tokens as a reward. Other projects have since replicated and adapted the model.
Now, the list of DAOs is extensive. Over time, it has become a clear concept that has been gaining traction. Some projects are still looking to achieve complete decentralization through the DAO model, but it’s worth pointing out they are only a few years old and have yet to achieve their final goals and objectives.
As internet-native organizations, DAOs have the potential to change the way corporate governance works completely. While the concept matures and the legal gray area they operate in is cleared, more and more organizations may adopt a DAO model to help govern some of their activities.
> info from: https://cointelegraph.com/ethereum-for-beginners/what-is-a-decentralized-autonomous-organization-and-how-does-a-dao-work

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# Grid Enhancement Proposal
![](img/gep.png)
GEP stands for Grid Enhancement Proposal. A GEP is a design document providing information to the ThreeFold community, or describing a new feature for the TFGrid or its processes or environment. The GEP should provide a concise technical specification of the feature and a rationale for the feature.
- A GEP gets registered in TFChain. TFDAO makes this possible
- Community has to approve or not a GEP
- Once enough consensus achieved the GEP will be executed upon, whereas "consensus" is a variable % per GEP and will be defined when sepcs are ready.
- Validator Nodes of our L1 TFChain will make sure GEP is properly implemented and consensus also achieved on that level.
*some inspiration comes from https://www.python.org/dev/peps/pep-0001*
!!!def alias:gep

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# ThreeFold DAO
![](img/dao_whatis_.jpg)
The ThreeFold DAO allows autonomous operation of the TFChain and TFGrid.
Amongst others the DAO needs to arrange
| Utility Token model | |
| -------------------------------------------- | ------------------------------------------ |
| [Proof Of Capacity](../tfgrid/farming/proof_of_capacity.md) | Farming (creation) of TFT |
| [Proof Of Utilization](../tfgrid/farming/proof_of_utilization.md) | Utilization (burning, distribution) of TFT |
As well as
- distribution of TFT grants
- manage code upgrade of TFChain and ZOS
- approval for changes to anything in our ecosystem, by means of GEP e.g.
- changes to tokenomics e.g. changes related to
- farming rewards
- cultivation flows
- pricing of grid capacity
- new features in TFChain
- rewards for sales channels, solution providers (v3.2+)
{{#include ./dao_why.md}}

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# Definitions
## ThreeFold (TF)
AN INTERNET BUILT FOR EVERYONE, BY EVERYONE.
Threefold is a peer-to-peer network of network, storage an compute capacity for an upgraded internet, laying the foundation for a more sustainable, smart, and sovereign digital world where everyone can participate and prosper.
All the ideas and content created for this concept are opensource and stored in github
A group of volunteers and the ThreeFold Foundation maintain these repositories.
> See [https://github.com/threefoldfoundation](https://github.com/threefoldfoundation)
## ThreeFold Foundation (TFF)
The ThreeFold Foundation (ThreeFold_Dubai) is a participant in the bigger ThreeFold movement, the purpose of the movement is to bring the world a truly peer-to-peer internet.
We acknowledge and support the many people and organizations around the world who bring crucial support to the growth and adoption of the ThreeFold_Grid.
See [ThreeFold Dubai](./threefold_dubai.md)
> Work is ongoing to make the Foundation a global distributed concept with probably more than 1 legal entity.
## ThreeFold Tech (TFTech, TFTECH)
TF TECH NV, a Belgian limited liability company, having its registered office at Antwerpse Steenweg 19, B-9080 Lochristi, Belgium, registered with the Belgian Crossroads Bank of Enterprises under company number 0712.845.674 (RLP Gent, district Gent)
TF Tech is a software tech company and is a major contributor to the software as used on the TFGrid.
See [TFTech](./threefold_tech.md)
## Non For Profit
Non-for-profit organizations are types of organizations that do not earn profits for its owners. All of the money earned by or donated to a non-for-profit organization is used in pursuing the organization's objectives and keeping it running. Employees or contributors can be paid for the services provided.
In the case of TFF following remarks might be useful
- Many non for profits get a legal status by the government to not have to pay tax, in our case the foundation is in Dubai, there is no Tax implication in Dubai as such we didn't need this status or certification.
- TFF has been funded by its original founders by means of loans or investment in kind or tokens, this money can be returned to the founders whenever cashflow allows (which is not the case yet).
- TFF directors/shareholders do everything they can to only operate out of the best interests of the ThreeFold Project.
- A project is under way to officialize the structure with strict governance e.g. a company called ThreeFold VZW has been created in Belgium with official governance around non for profit structure. This company is not used yet. Other alternatives are being researched at this moment (Aug 2020).
- ThreeFold_Dubai has farmed tokens which can be used as gifts towards contributors or employees.
## ThreeFold_Grid (TFG)
The ThreeFold_Grid is a new, global neutral and sustainable network of IT infrastructure. On this Grid, IT capacity is indexed registered on the TFChain for easy discovery by purchasers.
This Internet capacity is produced and allocated locally - similar to the way electricity and other utilities are purchased today. This allows any digital service or application provider to host their services and applications in proximity to the end user leading to significantly greater performance, a lower price point and better margins. This is both more cost effective and green.
## IT Capacity
- IT = Information Technology.
- IT Capacity is resource availability for running any IT Workloads
- Examples of IT Workloads which can run on the TFG are
- web applications
- archiving of data
- generic storage (e.g. using the S3 storage interface)
- container workloads (e.g. using the Kubernetes interface)
- artificial intelligence workloads
- big data workloads (processing of data)
- gaming servers
- content delivery
- test workloads for developers
## ThreeFold_Token (TFT)
The ThreeFold_Token is a digital Token which allows anyone to buy and sell IT Capacity on the TF Grid. This token only gets issued by the TFChain if a TF Pool gets connected to the TF Grid.
The TFChain can issue a maximum of 4 billion tokens (gen 2).
## TFChain
Group of blockchain related technologies as used by ThreeFold to accomplish the following:
- store & trade your TFTs: uses Stellar Public Blockchain platform
- buy/sell capacity on the TFG: TFExplorer
- register capacity of the TFG: TFExplorer
- provision IT workloads on the TFG: TFExplorer
- ...
> See the following [github repos](https://github.com/threefoldtech) and [https://github.com/threefoldfoundation/tft-stellar](https://github.com/threefoldfoundation/tft-stellar)
## Zero-OS (ZOS) or Capacity Layer
The Zero-OS is the software which makes it possible to convert any pool of hardware to become a pool of resource for the ThreeFold_Grid.
> See [Zero-OS](https://github.com/threefoldtech/zos) = Ultra Efficient Stateless Operating System
## Zero-People or Autonomous Layer
- [Jumpscale](https://github.com/threefoldtech/js-ng) = Automation Framework (self healing, ...)
## User
- is the person/organization/company who buys capacity from the TF Grid
- capacity can only be bought by means of TFTs
## TF Distributed exchange (TFExchange)
Since March 2020 based on Stellar integrated Decentralized exchange and before Atomic Swaps.
Mechanism for people to exchange TFT to other digital currencies in a decentralized way.
Atomic Swaps were difficult to use, this got resolved by switching to Stellar blockchain.
# ThreeFold Farming
## TFNode
- is a compute/storage server which provides IT Capacity as source for the Cloud Units
- a TFNode is part of a Farming Pool
- 3Nodes are owned by TF Farmers.
- The TFNode runs the TF Operating System and TFChain (TFC).
## Cloud Units
Units of IT capacity as sold from the TF Grid to Users.
More info see [on our wiki](./cloudunits/cloudunits.md)
## ThreeFold Farming Pool (FP)
A Pool of storage & compute hardware which allows to provision IT Capacity.
Each Farming Pool consists out of 3Nodes which run the TF Operating System and TF Blockchain Software (TFChain) which allows anyone in the world to use this IT capacity to host their IT workloads (storage apps, archive capacity, web applications, artificial intelligence, iOT, docker containers, etc). To use this IT Capacity, through the TF Grid, people need to own ThreeFold_Tokens (“TFTs”) as they are the only possible mechanism to purchase this capacity on the TF Grid. As such, TFTs represent a true utility.
## ThreeFold Farmer
A ThreeFold Farmer is any organization or person who invests in a ThreeFold Farming Pool and connects this capacity to the ThreeFold_Grid.
As a result of Farming, i.e. creating additional capacity, ThreeFold_Tokens are automatically created by the ThreeFold Chain.
Farmers can cultivate both managed and/or unmanaged capacity.
Farmers receive TFTs
- as part of owning the TF Farming Pool (tf_farming)
- as part of selling capacity from the TF Farming Pool (cultivating)
Most TF Farmers use a ThreeFold Cooperative to become active because it hugely simplifies the process and gives them often better pricing to purchase the Farming Pool as well as connecting the Farming Pool to the internet.
The ThreeFold Farmer is the only party who owns the TF Farming Pool.
## ThreeFold Cooperative
Any organization who helps a TF Farmer to become active on the TF Grid.
A Cooperative can supply any or all of following services.
- Selling required hardware kit for the Farming Pool (compute, storage, networking) to the TF Farmer (and logistics around it).
- Installing & testing the TF Operating System on the chosen hardware.
- Burn in testing of the chosen hardware: make sure the hardware is reliable and works following expectations.
- Configuration & Installation of the ThreeFold Farming Pool.
- Registration & Initialization of the ThreeFold Farming Pool.
- Delivering & Executing of hardware Warranty as specified on contract.
- Creation and Delivery of the ThreeFold Mobile App for the TF Farmer (allow people worldwide to order capacity using TFTs for the Farming Pool.
- Software support for the Farming Pool
- Training of the TF Farmer about TF Concepts
- how to use the TF Wallet
- how to safely store the TFT's
- how to go from TFT's to fiat currency like USD/EUR (and visa versa)
- how to register pricing info on the TF Grid
- how to integrate a fiat currency payment gateway into existing ecommerce website for the sales of TFT's or TF IT Capacity (e.g. integration with Stripe or other payment mechanism)
- how to consult/register information on the TFChain
- Hosting Services
- all services related to connectivity to the internet (routing, denial of service, firewalling, ...)
- rackspace & other datacenter services
- monitoring of the infrastructure (hardware and software).
## Do It Yourself Capacity
Unmanaged IT Capacity can exist everywhere; in people’s home, in mobile telephone masts, in utility cabinets, next to railways or motorways, anywhere where internet lines meet electrical outlets, any IT Hosting or Datacenter Facility. This capacity is deployed to the TF Grid and has no people involved to manage its operations (apart from the physical and network aspects). Farmers have no access to the 3Nodes purchased. They can only use the capacity produced in the exact same way as any other user, i.e. through the TFChain, in a secure private and neutral way, equally applicable to all.
Unmanaged capacity provides the following 3 basic services
- Storage Capacity = backend storage services which can be used as backend for more high level storage services like S3
- Compute Capacity = backend compute capacity which can be used as backend for more high level compute services like Kubernetes.
- Network Gateway Services: integration with ZeroTier network, HTTP(s) reverse proxy, DNS services, TCP Portforwarding.
These basic services are ordered through the TFChain only.
SLA's (service level agreements) cannot be be guaranteed on Unmanaged Capacity and as such not registered in the TFChain.
## Certified Capacity
Capacity which received certification as organized by ThreeFold Tech.
## Managed Capacity
Managed capacity is capacity that sits in a datacenter or other controlled environment where people operate and maintain supervision of the capacity connected to the TF Grid and published in the TF Directory. SLA (Service Level Agreements) are provided on this capacity like uptime, guaranteed bandwidth, response times, ...
TF Farmers have access to the 3Nodes.
Features Only Available In A Managed Capacity Farming Pool
- Published & Tracked (monitored) Service Level Agreements
# Legal
## The Company
The Company has been defined on the contract who refers to this document but can be any of the following:
- The company or organization who is selling a service on the ThreeFold_Grid.
- The company who is selling/buying ThreeFold_Tokens (TFTs) as capacity on the ThreeFold_Grid.
- The company who is helping a Farmer to become active on the ThreeFold_Grid = a TF Cooperative.
- The company who is selling the hardware and software required for a Farming Pool
## The Product
The Product is the ThreeFold_Token or any service related to the ThreeFold_Grid which can be bought by The Purchaser.
The Product has been defined on the contract who refers to this document.
## The Purchaser
Is the person or company or organization who buys The Product from The Company
## ThreeFold Tech (TFTech)
Software Technology company in Belgium.
Has no direct relationship with the TFGrid or TFTokens. TFTech does not farm and ThreeFold_Tokens and has no impact or does not give any direction to anything happening on the ThreeFold_Grid or in relation to TFTokens.
TFTech is the company who creates a lot of the opensource software as is used in the TFGrid. TFTech is also a contributor to the TF Foundation in the form of content or promotion, there is no legal connection in place.
TFTech business model is to sell licenses and certify TFGrid farmers if that is what they require.
# Miscellaneous
## TF Wallet
A software application which allows anyone to consult how many TFTs they own and to make transfers of TFTs to other parties.
The TF Wallet works together with Stellar and is nothing but a javascript UI.
TF Wallet is part of the ThreeFold Connect app on mobile.
# Sales Related Definitions
### “Acceptance”
means that any Deliverable has successfully completed the Acceptance process set forth in Section 4. Such Acceptance may be either explicit or implicit, i.e. in the absence of an explicit Rejection.
### “Acceptance Period”
means fifteen (15) days as from the Delivery Date, unless otherwise agreed to in the Sales Order or as provided under statutory law.
### “Customer”
means you or the customer entity identified in the Sales Order, as the case may be.
### “Deliverables”
means the Hardware, Software, Services (if any), or any deliverable specified in a Sales Order.
### “Delivery”
means the act of making the Deliverables available for reception by the Customer in accordance with Section 4.1.
### “Delivery Date”
means the ultimate date on which the Delivery may take place, as determined in the Sales Order.
### “Documentation”
means all manuals, instructions and other documents (whether in hard copy, soft copy or web-based form) relating to, or necessary for, the use, operation or maintenance of the Deliverables, together with all enhancements, corrections, modifications and amendments to such documents that are furnished to Customer under this Agreement.
### “Effective Date”
means the date when the Agreement starts to operate, corresponding to the issuance date of the Sales Order.
### “Hardware”
means any hardware to be provided by Company as specified in a Sales Order or Specific Agreement.
### “Party”
means any party to this Agreement;
### “Rejection”
means the explicit rejection of Deliverables by Customer, provided that the following cumulative conditions have all been completed:
the Rejection has been notified by Customer to Company within the Acceptance Period (i.e. at the latest on the last day of the Acceptance Period);
Customer has returned to Company all rejected Deliverables immediately after the Rejection notice;
Any rejection that does not meet both aforementioned cumulative conditions shall not qualify as a Rejection and shall be deemed an implicit Acceptance.
### “Sales Order”
means any Sales Order generated electronically by Company to allow the Customer to order, including the details specified by Customer in the checkout of the Company website, or any document that the Parties mutually agree upon as the vehicle for procuring Hardware, Software and/or Services pursuant to this Agreement.
### “Services”
means any services to be provided by Company to Customer as stipulated in the Sales Order.
### “Software”
means the open source software connecting the Hardware to the ThreeFold network, all in machine readable, object code form, together with all enhancements, modifications, corrections and amendments thereto.
### “Specifications”
means the technical requirements for, and performance standards of, the Deliverables as set forth in the Sales Order or Documentation provided to Customer.
{{#include ./sub/the_single_source_truth.md}}

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# General Warning And Disclaimer
Your use of the TFGrid and/or TFTs, as well as the IT capacity made available from the TFGrid to the Internet, as well as any tools provided to work with TFGrid or TFTokens (hereinafter collectively also referred to as the "Services") will be subject to the warnings, limitations, acknowledgements and disclaimers set out hereinafter. These statements and disclaimers are made by and on behalf of (1) the TF Foundation (ThreeFold_Dubai), (2) each individual or entity acting as a ThreeFold Farmer (3) , TFTech NV (4) any of the companies or individuals related to these entities, and (5) any person contributing or otherwise assisting in developing, marketing or distributing the Services (hereinafter collectively referred to as “ThreeFold”).
### Disclaimer
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW THE SERVICES ARE PROVIDED ON AN "AS IS" AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, AND THREEFOLD EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES AS TO THE SERVICES, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT; (B) THREEFOLD DOES NOT REPRESENT OR WARRANT THAT THE SERVICES ARE ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE, MEET YOUR REQUIREMENTS, OR THAT DEFECTS IN THE SERVICES WILL BE CORRECTED; AND (C) THREEFOLD CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE SERVICES, OR THE SERVERS USED TO PROVIDE SUCH SERVICES, ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
By using the Services, you acknowledge that:
- you have access to all relevant and required information to do with the tokens and the grid on https://library.threefold.me
- e.g. way how tokens are created/minted on: token_creation
- all this information is being provided on best effort basis and does not imply any promise or guarantee
- you have sufficient knowledge and experience in financial and business matters and are capable of evaluating the merits and risks of using or acquiring TFTs, and that you are able to bear the economic risk of such acquisition for an indefinite period of time.
- the Services (including the TFTs) involve risks, all of which you fully and completely assume, including, but not limited to, the risk relating to the possibility of limited or absent liquidity for the TFTs on the secondary markets (including the relevant online exchanges), the risk relating to price fluctuations of the TFTs on such secondary markets (including the relevant online exchanges), etc.
- the Services (including the TFTs) have or will be created and delivered to you at your sole risk on an "AS IS" basis.
- you have not relied on any representations or warranties made by ThreeFold outside this document, including, but not limited to, conversations of any kind, whether through oral or electronic communication, or any white paper. Without limiting the generality of the foregoing, you assume all risk and liability for the results obtained by the use of any tokens (including TFTs) and regardless of any oral or written statements made by ThreeFold, by way of technical advice or otherwise, related to the use of the tokens.
- you bear sole responsibility for any taxes as a result of the use or acquisition of the Services (including the TFTs), and any future acquisition, ownership, use, sale or other disposition of TFTs held by you. To the extent permitted by law, you agree to indemnify, defend and hold ThreeFold harmless for any claim, liability, assessment or penalty with respect to any taxes (other than any net income taxes of ThreeFold that result from the sale of TFTs) associated with or arising from your purchase, use or ownership of TFTs.
### Release
To the fullest extent permitted by applicable law, you hereby explicitly release ThreeFold from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to:
(1) disputes between users of the Services and/or the acts or omissions of third parties; and
(2) your purchase of tokens (if any) from ThreeFold_Dubai (formerly known as ‘GreenITGlobe’) or Bettertoken BV identified in the relevant contracts as ‘Internal ThreeFold_Tokens’ or ‘iTFTs’.
If and to the extend you have purchased or otherwise acquired tokens from ThreeFold_Dubai (formerly known as ‘GreenITGlobe’) or Bettertoken BV that were identified in the relevant contracts as ‘Internal ThreeFold_Tokens’ or ‘iTFTs’, your use of the Services (including your subsequent receipt or acceptance of TFTs) implies your confirmation that such purchase or acquisition has been duly completed as a result of your receipt of a corresponding amount of TFTs, that all deliverables under the relevant contracts (known as ‘iTFT Purchase Agreement’, ‘TFT Purchase Agreement’ or ‘ITO investment agreement’) have been duly delivered and that there are no further obligations from one of the above-mentioned companies to you in relation to such contracts.
### Limitation of Liability
- Exclusion of indirect damages. To the fullest extent permissible under applicable law, ThreeFold shall not have any liability with respect to any claims for consequential, exemplary, special, indirect and/or punitive damages (such as –but not limited to – loss of goodwill, loss of actual or anticipated business or contracts, work stoppage, loss as a result of a third party claim, data loss or corruption of data, computer failure or lost profit), arising out or in any way related to the access or use of the Services or otherwise related to ThreeFold, regardless of the form of action, whether based in contract, or otherwise, even if ThreeFold has been advised of the possibility of such damages.
- Cap on damages. To the extent permissible under the applicable law the contractual and/or extra-contractual liability of ThreeFold arising out or related to the use of, or inability to use, the Services, shall be limited to (1) any compensation you paid to ThreeFold for the Services, or (2) 1,000 US Dollars, whichever is greater. This limitation is cumulative and not per incident. It applies to all causes of action and obligations in the aggregate, including without limitations, any claim of breach of contract and/or negligence.
- Prescription. No action in any form arising out of or in connection with this Agreement may be brought by the Purchaser more than one (1) year after the cause of action has accrued.
- No limitations for own intent. Nothing in this Agreement shall (or shall be deemed to, or construed to) exclude or restrict any liability either Party may incur as a result of fraud, willful intent or for any death or personal injury resulting from its gross negligence or that of its employees, agents or subcontractors.
{{#include ./sub/the_single_source_truth.md}}

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# terms_conditions_farmer.md link
terms_conditions_farmer.md is used in filename terms_conditions_all.md at /Users/despiegk/code/github/threefoldfoundation/legal/src/terms_conditions_all.md, but doesn't exist in the repo.

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# Genesis Block / Pool Details
## Genesis Pool
Genesis pool is the initial capacity with which the network started, was available when the project officially launched (blockchain launch March 2018).
- +-300 computer (all owned by ThreeFold_Dubai)
- Belgium: 117+30 (hosted by BetterToken)
- Dubai: 148 (hosted by TF FZC itself)
- total estimate resource/compute units
- CRU: 4800,
- HRU: 8100000
- MRU: 18600
- SRU: 106000
## Genesis Block
Genesis block is the first block registered in the blockchain. This consists of a number of TFT, in our case 695M TFT.
> Maximum amount of tokens in the ThreeFold Blockchain at launch = 100 Billion (in other words genesis pool < 1% at start of max nr TFT)
### Genesis Block Value
It's hard to define the value of the genesis block when it was calculated, there was no established TFT price.
- If TFT price = USD 0.01: +-7M USD (this token price has not been established but could be 2016-17)
- Summer 2023 the price is back on USD 0.01, which we believe is too low for the value created, lets hope for a better future.
### Calculation
To come up with a reasonable number and show the community that there was hardware available for the genesis block, we made an excel calculation.
- Servers as part of genesis pool calculation
- +-300 computer (all owned by ThreeFold_Dubai)
- Belgium: 117+30 (hosted by BetterToken)
- Dubai: 148 (hosted by TF FZC itself)
- Hardware as used in many years before token launch (March 2018)
- At least 100+ servers over quite some years
- Total estimate resource/compute units
- CRU: 4,800
- HRU: 8,100,000
- MRU: 18,600
- SRU: 106,000
- Cloud Units
- Results in 3,927 CU and 8,225 SU
- The farming rules used were farming/minting rules v1 but with no difficulty level and TFT price 0.01
- Duration
- We took +- 1.5 years in our calculation
- Averaged out, it's for sure not exact science
- But we can say that the amount of capacity listed has been available long enough for our engineers during the pre-launch period. Probably not with those exact listed servers but in general.
- Result: **695M TFT**
_The purpose of this exercise is to demonstrate there is a reasoning behind the 695M TFT and computers which have been available. It's not intended as exact proof nor defense. We believe the value given was in line with the situation at that time._
## Genesis Pool Details
- Block 0: [Block 0 on Explorer](https://explorer2.threefoldtoken.com/hash.html?hash=a2ee0aa706c9de46ec57dbba1af8d352fbcc3cc5e9626fc56337fd5e9ca44c8d)
- Genesis Block Code: [Code of Block 0](https://github.com/threefoldfoundation/tfchain/blob/master/pkg/config/config.go#L103)

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# Genesis Pool
End of March 2018, ThreeFold launched the public blockchain.
ThreeFold developed their own blockchain software called Rivine, which was probably the first proof of blockstake blockchain in the world. We did not like the way how the other blockchains at that time were doing proof of work, which is basically burning a lot of energy to prove the validity of their blockchain.
Rivine is a fork from the blockchain work done by the team of SIA and since then a lot of work has been done on it to fulfill our own requirements. The Rivine blockchain will no longer be used after May 2020.
ThreeFold is the result of more than 20 years of work in the Internet space, over a number of companies.
The technology used at start in March 2018 has been developed mainly out of three companies: ThreeFold_Dubai, BetterToken(bettertoken) and GreenIT Globe. Later in 2018, TF Tech was spun off from our incubator.
TF Tech is a company born out of our Incubator called [Incubaid](http://www.incubaid.com/) in Belgium.
TF Tech has a purpose to further develop the software and commercialize the capabilities on a global basis, mainly by working together with tech partners.
The public version of our blockchain was started March 2018. The servers used during development and mining tokens already started years before.
Many hundreds of servers have been used to develop the technology which now makes up our ThreeFold_Grid.
+-300 servers are the foundation of our TF Grid.
Most of the servers are in Dubai and in Ghent (Belgium).
- To see the [genesis pool in Ghent, see here](./genesis_pool_ghent.md)
- To see the [genesis pool in Dubai, see here](./genesis_pool_dubai.md)
All genesis pools were owned by the foundation. Many of those servers are at this point no longer active. The operations were done by ThreeFold_Dubai and BetterToken as Farming Cooperative.
> For information about genesis pool/block, see [here](./genesis_block_pool_details.md).
## Genesis Pool Token Usage
- A lot of the genesis pool tokens went to the original shareholders of a company who created a lot of the technology which was the basis at that time for ThreeFold.
- Most of these tokens are locked up and are not tradeable.
- This was a deal made mid 2018 and provided the ThreeFold Dubai with technology and a global engineering team.
- The other part went to ThreeFold Dubai, to allow the Foundation to promote & further grow the project.
> [See Token Overview](../threefold_token/token_overview/token_overview.md) for more details.
The tokens were used from out of ThreeFold_Dubai to create value for the ThreeFold Grid.
- Initial funding: sell TFT as future IT capacity
- IT capacity delivered amongst others from the computers deployed by genesis pools (+300 servers)
- grants to community, bounties for coders, evangelists, ...
- max bounty given to contributors/founders = 2.5m TFT
- funding for projects like coding, marketing, ...
- There is a token grant program, but not really active yet.
- Fund the day-to-day operation of threefold_dubai
- Fund some development projects for our open source technology
- Public exchange fees
- Operational costs of keeping the genesis pool operational (engineers, data center, bandwidth, ...)
- Reward for the ThreeFold larger community and contributors
## Remarks
- ThreeFold_Dubai is run as a [not-for-profit organization](./definitions_legal.md)
- All (future) profits generated, tokens=IT capacity sold are used to promote and grow the ThreeFold Project.
- None of the potential profits generated go to the shareholders of the company.
- Investments and loans given will of course be paid back to the relevant investors.

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## The Genesis Pool Dubai
![](img/genesispool_1.jpg)
![](img/genesispool_2.jpg)
Read more about ThreeFold Dubai [here](./threefold_dubai.md).

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## The Genesis Pool (Ghent)
![](img/lochristi_1_.jpg)
![](img/lochristi_2_.jpg)
![](img/lochristi_3.jpg)
![](img/lochristi_4.jpg)
![](img/lochristi_5_.jpg)
![](img/lochristi_6_.jpg)
![](img/lochristi_7.jpg)

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under contruction // needs to be a default contract
# Terms Conditions For Consulting or Contribution Agreement
THESE TERMS AND CONDITIONS (THE "**AGREEMENTS**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“CONSULTANT","CONTRACTOR", "CONTRIBUTOR", “**YOU**", OR “**YOURS**”) AND TRC (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A CONTRIBUTOR, CONSULTANT ,PARTNER, CUSTOMER, FARMER OR USER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, BY SIGNING AN AGREEMENT WHICH LINKS TO THESE TERMS AND CONDITIONS, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU HAVE SIGNED THE ABOVE MENTIONED AGREEMENT. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.
### Definitions
In this Agreement, the following terms shall have the following meaning:
#### - “Affiliated Companies”:
means all entities in relation ThreeFold (ThreeFold S.A., TF Tech NV, ThreeFold DMCC, ThreeFold Labs IT, ThreeFold VZW, TF Hub BVI, ThreeFold AG)
#### - “Net Cash Margin”:
means the cash as received on the bank account of the Company for the benefit of Company and Affiliated Companies minus all direct and indirect costs for the project at that point or in the future.
#### - “Qualified Lead”:
means specific named prospect, being a person/s or legal entity which has been independently identified by Consultant, and which prior to such identification was not yet in contact with Company or any Affiliated Companies and for which the referrer had registered the details of the prospect on the Company’s Project Management Tool and Company had subsequently agreed (in writing or by email) that is accepted as a Qualified Lead.
#### - “Base Salary”:
means the minimum amount to be received, per month, as an exchange for the services and time.
#### - “Accelerated Salary”:
means the salary to be received minus the already paid Base Salary after the Net Cash reaches the Company or Affiliate Company’s Bank Account. The amount received is the minimum amount between 25% of Net Cash received on the Company or Affiliate Company’s Bank Account and the Accelerated Salary highlighted in Section 5. It is aggregated for up to 3 months.
#### - “Maximum Salary”:
means the maximum salary that Consultant shall received minus the already paid Base Salary, Accelerated Salary and Funding Salary. Maximum Salary is achieved when a new Net Cash has reached the Company or Affiliate Company’s Bank Account. Maximum Salary is aggregated for up to 12 months.
3.1. Basic Term
The Company hereby retains the Consultant and Consultant agrees to render to the Company those services described in Exhibit B for the period (the “Consulting Period”) commencing on the date of this Agreement and ending upon the earlier of (i) 12 months after the date of this Agreement, (the “Term Date”), and (ii) the date the Consulting Period is terminated in accordance with Section 7. The Company shall pay the Consultant the compensation to which it is entitled under Section 5 through the end of the Consulting Period, and, thereafter, the Company’s obligations hereunder shall end.
3.2. Renewal
Subject to Section 7, the Consulting Period will be automatically renewed for an additional 12 months period (without any action by either party) on the Term Date and on each anniversary thereof, unless one party gives to the other written notice 15 days in advance of the beginning of any 12 months renewal period that the Consulting Period is to be terminated. Either party’s right to terminate the Consulting Period, instead of renewing the Agreement, shall be with or without cause.
4. Duties and Responsibilities
a. Consultant hereby agrees to provide and perform for the Company those services set forth on Exhibit B attached hereto. Consultant shall devote its best efforts to the performance of the services and to such other services as may be reasonably requested by the Company and hereby agrees to devote, unless otherwise requested in writing by the Company, (a minimum of at least 40 hours of service per week).
b. Consultant shall use its best efforts to comply with, and to ensure that each of its Agents comply with, all policies and practices regarding the use of facilities at which services are to be performed hereunder.
c. Consultant shall obtain for the benefit of the Company, as an intended third-party beneficiary thereof, prior to the performance of any services hereunder by any of the Agents, the written agreement of Agent to be bound by terms no less restrictive than the terms of Sections 2, 5, 6, and 7 of this Agreement.
d. Personnel supplied by Consultant to provide services to Company under this Agreement will be deemed Consultant’s employees or agents and will not for any purpose be considered employees or agents of Company. Consultant assumes full responsibility for the actions of such personnel while performing services pursuant to this Agreement, and shall be solely responsible for their supervision, daily direction and control, provision of employment benefits (if any) and payment of salary (including all required withholding of taxes).
# Compensation, Benefits and Expenses
## Compensation (Euros)
### Base Salary
In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid the “Base Salary” as mentioned in agreement, payable at the time and pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.
### Accelerated Salary
Consultant shall be paid up to the Accelerated Salary measured over 3 months in relation to Net Cash Margin. Accelerated Salary is the minimum amount between 25% of the Net Cash Margin minus the already paid Base Salary and 6,000 Euros minus the already paid Base Salary. Accelerated Salary is activated once the cash coming from Qualified Lead has reached Company or Affiliated Companies’ Bank Account. Accelerated Salary is payable within thirty (30) days from the effective date when the Net Cash has been received on the Company or Affiliated Companies’ Bank Account.
Formula (Net Cash Margin): Net Received Cash-Any Project Costs (now and in future)
Formula (Payout Accelerated Salary):
maximum{0,(minimum((0.25Net Cash Margin)- Base Salary),(Accelerated Salary- Base Salary)))
For example (1): Consultant closes a Corporate Deal worth of 100,000 Euros (Net Cash Margin), Consultant shall receive 3,500 Euros (maximum{0,(minimum(0.25 100,000) - 2500);6,000 - 2500)} for 3 months.
Total Salary: 2,500 + 3,500 = 6,000 Euros per month for 3 months
For example (2): After 3 months, Consultant closed a Corporate Deal worth of 100,000 Euros (Net Cash Margin), Consultant shall received 0 Euros per month as Accelerated Salary.maximum{0,(minimum(0.25 100,000) -(2500 3));6,000 -(2500 3)}.
Total Salary: 2,500 Euros per month
#### 5.1.3 Maximum Salary
As per its corresponding definition highlighted in the Exhibit A, Consultant shall be paid a salary up to 25,000 Euros per month for up to 12 months according to the 5% commission (“Commission Percentage”) on the Net Cash Margin received on Company and Affiliated Companies’ Bank Account (“Maximum Salary”). Commission shall deduct all the already paid Base Salary and Accelerated Salary.
Formula - Number of Month (“M”) : minimum{((Commission Percentage Net Cash Margin) Maximum Salary);12}
Where;
M 1
If M < 1, then M = 1
Formula (Payout Maximum Salary per month): minimum{((Commission Percentage Net Cash Margin) M);Maximum Salary}
Following Section 5.1.2 Example (1):
For example (1): After 1 month, Consultant closed a Business or Funding Deal worth 1,000,000 Euros (Net Cash Margin). Consultant shall receive 19,000 Euros per month (minimum{(((0.05 1,000,000)M) - 2500 -3500);25,000} ) for 2 months ( M=minimum{((0.05 1,000,000) 25,000);12}). Please note, in this example, Consultant received both Base Salary and Accelerated Salary.
Total Salary: 19,000 Euros for 2 months
Following Section 5.1.2 Example (1):
For example (2): After 3 months, Consultant closed a Business or Funding Deal worth 20,000,000 Euros (Net Cash Margin). Consultant shall received 7,000 Euros per month minimum{(((0.05 20,000,000)12) - (2500 3) -(35003));25,000 - (2500 3)- (35003)} ) for 1 months and 25,000 Euros per month for 11 months ( M=minimum{((0.05 20,000,000) 25,000);12}). Please note, in this example, Consultant received both Base Salary and Accelerated Salary for 3 months.
Consultant is required to keep on executing his/her daily professional activities for the required amount of hours as per Section 12 for at least the period of 12 months. If the Consultant decides to leave or if Section 8: Termination for Misconduct is activated, then the compensation payment will stop.
The Maximum Salary is payable within thirty (30) days from the effective date when the Net Cash has been received on the Company or Affiliated Companies’ Bank Account.
5.2. Compensation (Reward Token Pool)
Consultant shall receive 2 (two) Reward Tokens on a monthly basis as part of the Reward Token Pool in addition to the Compensation highlighted in Section 5.1.
5.3. Compensation Payment
The Consultant and Company agree that payments are done using the digital Currency USDC on the Stellar blockchain.
5.4. Expenses
The Company shall reimburse Consultant for reasonable travel and other business expenses (“Expenses”) incurred by its Agents in the performance of the duties hereunder in accordance with the Company’s general policies, as they may be amended from time to time during the course of this Agreement, but subject always to the provision by the Consultant of written statements evidencing such expenses.
All Expenses shall be registered in detail in the “Travel and Expenses Circle” highlighted in Exhibit B in order to seek for approval by the Company.
5.4 Bank Details
The Consultant Shall receive remuneration amount mentioned in 5.1 in the following Digital Wallet
Stellar Account …
in USDC.
6. Invoicing
Company shall pay the Expenses agreed to herein upon receipt of invoices which shall be sent by Consultant, and Company shall pay the amount of such invoices to Consultant.
7. Termination of Consulting Relationship
7.1. By the Company or the Consultant
At any time, either the Company or the Consultant may terminate, without liability, the Consulting Period for any reason, with or without cause, by giving 15 days advance written notice to the other party. If the Consultant terminates its consulting relationship with the Company pursuant to Sections 2, 3 and 4, the Company shall have the option, in its complete discretion, to terminate Consultant immediately without the running of any notice period.
In case of termination by the Company, The Company shall pay Consultant the compensation to which the Consultant is entitled pursuant to Section 5 respecting timing as mentioned in Section 5, and thereafter all obligations of the Company shall terminate, except for the confidentiality obligations set out in Section 12 unless in case of Misconduct (see further).
In case of termination by the Consultant, all unpaid still to be expected Commissions or other Compensations pursuant to Section 5 shall be written off and no longer be paid.
In case of termination by Company and Termination for Misconduct - Section 8 - activated, all unpaid still to be expected Commissions or Compensations shall be written off and no longer be paid.
7.2. Termination Due to Bankruptcy, Receivership
The Consulting Period shall terminate and the Company’s obligations hereunder (including the obligation to pay Consultant compensation under Section 5 shall cease upon the occurrence of: (i) the appointment of a receiver, liquidator, or trustee for the Company by decree of competent authority in connection with any adjudication or determination by such authority that the Company is bankrupt or insolvent; (ii) the filing by the Company of a petition in voluntary bankruptcy, the making of an assignment for the benefit of its creditors, or the entering into of a composition with its creditors; or (iii) any formal action of the Board to terminate the Company’s existence or otherwise to wind up the Company’s affairs.
8. Termination for Misconduct
Nothing in this Agreement shall be construed to prevent the Company from terminating Consultant’s services under this agreement for misconduct. Misconducts includes the following: Accepting private money directly from Qualified Lead/Suppliers/Customers, being a consultant or employee of a side project or any companies without being transparent to the Company’s management team, bribing any individuals, disparaging the Company or Affiliate Companies, hiring the current Company’s consultant for other projects, lying to the Qualified Lead/Suppliers/Customers, failing on any of the duties as described in section 4 (Duties and Responsibilities).
The Consulting Period shall terminate and the Company’s obligations hereunder (including the obligation to pay Consultant compensation under Section 5 shall cease upon the occurrence of: (i) the appointment of a receiver, liquidator, or trustee for the Company by decree of competent authority in connection with any adjudication or determination by such authority that the Company is bankrupt or insolvent; (ii) the filing by the Company of a petition in voluntary bankruptcy, the making of an assignment for the benefit of its creditors, or the entering into of a composition with its creditors; or (iii) any formal action of the Board to terminate the Company’s existence or otherwise to wind up the Company’s affairs.
9. Termination Obligations
Consultant hereby acknowledges and agrees that all property, including, without limitation, all books, manuals, records, reports, notes, contracts, lists, blueprints, and other documents, or materials, or copies thereof, Proprietary Information, and equipment furnished to or prepared by Consultant or its Agents in the course of or incident to its rendering of services to the Company, including, without limitation, records and any other materials pertaining to Invention Ideas belong to the Company and shall be promptly returned to the Company upon termination of the Consulting Period. Following termination, neither Consultant nor any of its Agents will retain any written or other tangible material containing any Proprietary Information.
The representations and warranties contained herein and Consultant’s obligations under Sections 2, 3, and 4 and the confidentiality obligations set out in Section 12 shall survive termination of the Consulting Period and the expiration of this Agreement.
10. Assignment; Successors and Assigns
Consultant agrees that it will not assign, sell, transfer, delegate or otherwise dispose of, whether voluntarily or involuntarily, or by operation of law, any rights or obligations under this Agreement, nor shall Consultant’s rights be subject to encumbrance or the claims of creditors. Any purported assignment, transfer, or delegation shall be null and void. Nothing in this Agreement shall prevent the consolidation of the Company with, or its merger into, any other corporation, or the sale by the Company of all or substantially all of its properties or assets, or the assignment by the Company of this Agreement and the performance of its obligations hereunder to any successor in interest or any Affiliated Company. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective heirs, legal representatives, successors, and permitted assigns, and shall not benefit any person or entity other than those enumerated above.
11. Place of Work
Consultant's services will be rendered largely remotely, but Consultant will, on request, come to Company's address of Unit No: BA1120 DMCC Business Centre, Level No 1, Jewellery & Gemplex 3, Dubai, United Emirates Arab, or such other places designated by Company to meet with representatives of Company.
12. Time Devoted to Work
In the performance of the services, the aforesaid services and the hours Consultant is to work on any given day will be entirely within Consultant's control and Company will rely upon Consultant to put in such a number of hours as is reasonably necessary to fulfill the spirit and purpose of this contract. This arrangement will probably take about days of work per week although there undoubtedly will be some weeks during which Consultant may not perform any services at all or, on the other hand, may work practically the full week.
13. Confidential Information
Each party hereto (“Such Party”) shall hold in trust for the other party hereto (“Such Other Party”), and shall not disclose to any non-party to the Agreement, any confidential information of such Other Party. Confidential information is information which relates to Such Other Party’s research, development, trade secrets or business affairs including, for the avoidance of doubt, and any personal data relating to an employee, director, contractor, customer, supplier, investor or business partner of Such Other Party, and any information or data relating to the software or the code written,developed or used by (or on behalf of) the Company, but does not include information which is generally known or easily ascertainable by non-parties of ordinary skill in computer systems design and programming.
Consultant hereby acknowledges that during the performance of this contract, the Consultant may learn or receive confidential Company information and therefore Consultant hereby confirms that all such information relating to the client’s business will be kept confidential by the Consultant, except to the extent that such information is required to be divulged to the consultant’s clerical or support staff or associates in order to enable Consultant to perform Consultant’s contract obligation.
a) Consultant agrees not to disclose or use, except as required in Consultant's duties, at any time, any information disclosed to or acquired by Consultant during the term of this contract. Consultant shall promptly disclose to Company all inventions, discoveries, formulas, processes, designs, trade secrets, and other useful technical information and know-how made, discovered, or developed by Consultant (either alone or in conjunction with any other person) during the term of this contract. Consultant agrees that he shall not, without the written consent of Company, disclose to third parties or use for his own financial benefit or for the financial or other benefit of any competitor of Company, any information, data, and know-how, manuals, disks, or otherwise, including all programs, decks, listings, tapes, summaries of any papers, documents, plans, specifications, or drawings.
b) Consultant shall take all reasonable precautions to prevent any other person with whom Consultant is or may become associated from acquiring confidential information at any time.
c) Consultant agrees that all confidential information shall be deemed to be and shall be treated as the sole and exclusive property of the Company.
d) The Consultant acknowledges and agrees that any information disclosed to the Consultant by The Company in relation with this Agreement, the Matchmaker Agreement entered into between both Parties and/or the Services (including, for the avoidance of doubt, the remuneration set forth in this Agreement or the Commission as agreed pursuant to the Matchmaker Agreement) is confidential. The Consultant also acknowledges and accepts that any such information will be treated and held in strict confidence and not used by the Consultant nor revealed in any way whatsoever, either directly or indirectly, to any third parties during the course of this Agreement or after a term of five years after the termination of this Agreement.
e) The Consultant must not make any publicity or media releases in the framework of this Agreement, using the name of The Company, without its prior written consent.
f) Upon termination of this contract, Consultant shall deliver to Company all drawings, manuals, letters, notes, notebooks, reports, and all other materials (including all copies of such materials), relating to such confidential information which are in the possession or under the control of Consultant. Consultant shall sign secrecy agreements provided by the Company.
g) The Consultant acknowledges and agrees that any information the Consultant develops under or as a result of the Services delivered and that the Consultant provides to The Company is confidential and that any such information will be held in strict confidence and not revealed in any way whatsoever, either directly or indirectly, to any third parties.
The confidentiality obligations set out in the present article shall survive the termination or expiration of this Agreement during three years after such termination or expiration.
14. Status of Consultant
Consultant is an independent contractor and neither Consultant nor Consultant’s staff is or shall be deemed to be employed by Client. Company is hereby contracting with Consultant for the services described on Exhibit B and Consultant hereby confirms to Company that Company will not be required to furnish or provide any training to Consultant to enable Consultant to perform services required hereunder. The services shall be performed by Consultant or Consultant’s staff, and Company shall not be required to hire, supervise or pay any assistants to help Consultant who performs the services under this agreement. Consultant shall not be required to devote Consultant’s full time nor the full time of Consultant’s staff to the performance of the services required hereunder, and it is acknowledged that Consultant has other Clients and Consultant offers services to the general public. Except to the extent that the Consultant’s work must be performed on or with Company’s computers or Company’s existing software, all materials used in providing the services shall be provided by Consultant. Consultant shall be obligated to complete the services agreed upon and shall be liable for non-performance of the services to the extent and as provided in Sections 2 and 4 hereof. Company shall not provide any insurance coverage of any kind for Consultant or Consultant’s staff, and Company will not withhold any amount that would normally be withheld from an employee’s pay. Consultant shall take appropriate measures to ensure that Consultant’s staff is competent and that they do not breach Sections 4 and 12 hereof.
15. Use of Work Product
Except as specifically set forth in writing and signed by both Company and Consultant, Company shall have all copyright and patent rights with respect to all materials developed under this contract.
16. Company Representative
The following individual, Adnan Fatayerji, shall represent the Company during the performance of this contract with respect to the services and deliverables as defined herein and has authority to execute written modifications or additions to this contract.
17. Disputes
Any disputes that arise between the parties with respect to the performance of this contract shall be submitted for consideration and final settlement to the International Court of Arbitration of the International Chamber of Commerce and shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one sole arbitrator appointed in accordance with the said Rules. The present Agreement shall be regulated by the substantive laws of the United Arab Emirates. Place of the Arbitration Court meeting shall be in Dubai, United Arab Emirates. Language of the Arbitration Court proceedings shall be English.
The final arbitration decision shall be enforceable through the courts of the state of Company’s address or any other state in which the Company resides or may be located. In the event that this arbitration provision is held unenforceable by any court of competent jurisdiction, then this contract shall be as binding and enforceable as if this Section 16 were not a part hereof.
18. Taxes
Consultant will diligently comply with all legal and contractual provisions to which it is subject and will be exclusively responsible for compliance with all its obligations under the VAT, income tax and/or social security legislation or any other legislation that may be applicable to the Consultant. Consultants shall be responsible for any taxes or penalties assessed by reason of any claims that Consultant is an employee of Company and Company and Consultant specifically agree that Consultant is not an employee of the Company.
19. Liability
Consultant warrants to the Company that the material, analysis, data, programs and services to be delivered or rendered hereunder, will be of the kind and quality designated and will be performed by qualified personnel.
Without any prejudice or restriction to the rights of The Company, the Consultant will fully indemnify and hold The Company harmless from and against all claims, damages, losses and expenses arising out of or resulting from the delivery of the services provided under this contract and caused by the Consultant and/or the violation by the Consultant of its obligations under this contract or under any applicable laws or regulations
20. Intellectual Property Rights
Consultant explicitly agrees that any and all rights, claims and interests, to their full extent, with regard to all ideas, concepts, discoveries, inventions, documents, projects, methods, instruments, materials, techniques, models, technical realisations, improvements, software, knowhow and other creations of any nature whatsoever which have been conceived, invented and/or created by the Consultant, either alone or jointly with others, with or without intervention of The Company in any way whatsoever or within or outside its premises, during, under or due to this Agreement or otherwise in the hands of the Consultant, or linked or in any way related to the activities of The Company, including all preparatory elements dated prior to this Agreement or beyond the scope of this Agreement (the “Works”) including but not limited to (the right to apply for the registration of) patent rights, design rights, trademark rights, database rights, copyrights, neighbouring rights, rights in computer programs, as well as all patrimonial rights with respect to these rights such as the right of exploitation, reproduction, distribution, communication to the public, adaptation and translation, by any and all means, under whatever form, on whatever carrier and for whatever purpose, for all known, unknown and future exploitation forms, and to the fullest extent permitted by applicable law any and all moral rights (the “Intellectual Property Rights”), are, at the time of their conception, invention or creation, transferred to The Company exclusively, unconditionally, eternally, irrevocably and for the whole world and will thus belong to The Company. Should the transfer of moral rights be limited by law, Consultant will never seek to enforce its moral rights in a manner that would limit or damage the normal activities of The Company (or its licensees or assignees).
The Consultant accepts that The Company acts, as of the signing of this contract, as the exclusive representative of the Consultant for the exercise of the moral rights on the Works, such as the right of disclosure or of paternity concerning the Works. The Consultant recognizes that the Company (and/or its partners and customers) will have the sole right to determine whether, when and how the Works will be exploited, it being specified that Works which are not exploited will also remain the exclusive property of Threefold Labs IT. The Consultant will refrain from invoking against the Company (and/or its partners and customers) its moral right with regard to the integrity of the Works and thus will not object to any adaptation or modification of the Works, provided that this does not harm its reputation. The Consultant authorises the Company (and/or its partners and customers) to exploit the Works without mentioning the name of the Consultant and to affix to it any distinctive sign of its choice. The Company (or its licensees and assigns) can license and/or otherwise assign these rights to third parties, during this Agreement as well as after its termination.
The transfer of the Intellectual Property Rights in or otherwise on the Works includes without limitation the transfer of the rights relating to all modes of exploitation of the Works, including without limitation the right of reproduction (in an unlimited number of copies on all types of supports generally whatsoever), translation (into all languages), adaptation, modification, use (notably for making products derived therefrom), deletion, destruction, sale, offer for sale, import, broadcasting, distribution, loan, lease, display and communication to the public (by all media) and any other form of exploitation of the Works, in whole or part, in whatever manner, both in their original form and in a modified form, for all types of use and exploitation, for all commercial or non-commercial purposes, including without limitation research, development and promotion. The above-mentioned transfer is, for every mode and form of exploitation or use, definitive, worldwide and understood in the broadest possible sense authorised by the applicable positive law, for the entire legal period of the respective rights and in exchange for the consideration and/or remuneration received by the Consultant and/or referred to herein.
The Consultant did not and will not introduce into the Works any element, subject, reminiscence or resemblance that the Consultant knows violates or is capable of violating the rights of a third party or legal provisions (for example, relating to public order and good morals).
Any Work that is software did not, does not and will not contain, and is not, work based on, derived from, or created using any software created by any third party, except (i) software to and for which the Company held exclusive ownership of all rights, title and interests in and to the Intellectual Property Rights therein at the time the software was developed or otherwise created or (ii) software which has been pre-approved by the Company.
The Consultant undertakes, at the first request and at the expense of the Company, both during the term of the contract and afterwards, to provide all necessary or useful assistance and to furnish and/or sign any document which makes possible, facilitates or accelerates the granting, the maintenance and/or the renewal of one or several Intellectual Property Rights on all or part of the Works, on behalf of the
Company or one of its affiliated companies.
The Consultant undertakes to refrain from any act which would constitute a violation of the rights of the Company. The Consultant undertakes not to apply for or claim (or to have applied for or claimed by third parties) the granting of a patent or any other intellectual property right in relation to the Works, unless it has received the express and written authorisation of the Company.
Consultant undertakes to make full and prompt disclosure, without compensation, of all relevant documents and data in favor of the consultant and to provide all necessary cooperation for (the securing of) the assignment to The Company of all patrimonial, and, to the extent permitted by the applicable law, all moral Intellectual Property Rights.
Consultant undertakes and guarantees that it is the current owner of the Intellectual Property Rights and that it is thus capable of transferring the Intellectual Property Rights to The Company. The Consultant further undertakes and guarantees that none of the Works violate any rights of third parties, and will indemnify The Company (or its licensees and assigns) for all claims by any third parties in this respect.
Consultant agrees that the fees paid by The Company to the Consultant pursuant to this Agreement constitute the entire compensation for such transfer of Intellectual Property Rights and that Consultant is not entitled to any share of the profit resulting from any possible exploitation in whatever form of the Intellectual Property Rights, or any other compensation other than that provided for in this Agreement. Should the Consultant have a legal right to compensation for a new, currently non-existent form of exploitation, then this compensation will amount to 0.1% of the net profits realized by this new form of exploitation, with an absolute overall maximum of 500 EUR for all works so exploited.
Consultant will keep confidential and not disclose to any third parties for a period of no less than ten (10) years information relating to the Works that The Company itself has not disclosed to the public without restriction.
21. Enforceable
The provisions of this Agreement shall be enforceable notwithstanding the existence of any claim or cause of action of the Consultant against the Company whether predicated on this Agreement or otherwise.
22. Representations and Warranties
Consultant represents and warrants (i) that Consultant has no obligations, legal or otherwise, inconsistent with the terms of this Agreement or with Consultant's undertaking this relationship with the Company, (ii) that the performance of the services called for by this Agreement do not and will not violate any applicable law, rule or regulation or any proprietary or other right of any third party, (iii) that Consultant will not use in the performance of his responsibilities under this Agreement any confidential information or trade secrets of any other person or entity and (iv) that Consultant has not entered into or will enter into any agreement (whether oral or written) in conflict with this Agreement.
23. Injunctive Relief
The Consultant acknowledges that disclosure of any Confidential Information by him will give rise to irreparable injury to the Company or the owner of such information, inadequately compensable in damages. Accordingly, the Company or such other party may seek and obtain injunctive relief against the breach or threatened breach of the foregoing undertakings, in addition to any other legal remedies which may be available. The Consultant further acknowledges and agrees that in the event of the termination of this Agreement his experience and capabilities are such that he can obtain a consulting arrangement or employment and that the enforcement of a remedy hereunder by way of injunction will not prevent him from earning a reasonable livelihood.
The Consultant further acknowledges and agrees that the covenants contained herein are necessary for the protection of the Company's legitimate business interests and are reasonable in scope and content.
24. Complete Agreement
This agreement contains the entire agreement between the parties hereto with respect to the matters covered herein. Company acknowledges that it is entering into this Agreement solely on the basis of the representations contained herein.
This Agreement constitutes the entire understanding of the Parties and supersedes any prior agreements or understandings, written or verbal, between The Company and the Consultant with respect to the subject matter of this Agreement.
25. Non Waiver
No failure or neglect of either party hereto in any instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by either party hereto must be contained in a written instrument signed by the party to be charged and, in the case of the Company, by an executive officer of the Company or other person duly authorized by the Company.
26. Remedy for Breach
The parties hereto agree that, in the event of breach or threatened breach of this Agreement, the damage or imminent damage to the value and the goodwill of the Company's business will be inestimable, and that therefore any remedy at law or in damages shall be inadequate. Accordingly, the parties hereto agree that the Company shall be entitled to injunctive relief against Consultant in the event of any breach or threatened breach by Consultant, in addition to any other relief (including damages and the right of the Company to stop payments hereunder which is hereby granted) available to the Company under this Agreement or under law.
27. Applicable Law
Consultant shall comply with all applicable laws in performing Services. This Agreement shall be construed in accordance with the laws of the United Arab Emirates.
28. Severability; Enforcement
If any provision of this Agreement, or the application thereof to any person, place, or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provisions as applied to other persons, places, and circumstances shall remain in full force and effect. It is the intention of the parties that the covenants contained in Sections 6 and 7 shall be enforced to the greatest extent (but to no greater extent) in time, area, and degree of participation as is permitted by the law of that jurisdiction whose law is found to be applicable to any acts allegedly in breach of these covenants.
29. Scope of Agreement
If the scope of any of the provisions of the Agreement is too broad in any respect whatsoever to permit enforcement to its full extent, then such provisions shall be enforced to the maximum extent permitted by law, and the parties hereto consent and agree that such scope may be judicially modified accordingly and that the whole of such provisions of this Agreement shall not thereby fail, but that the scope of such provisions shall be curtailed only to the extent necessary to conform to law.
30. Notices
All notices or other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered by hand or mailed, postage prepaid, by certified or registered mail, return receipt requested, and addressed to the Company at:
ThreeFold DMCC
Unit No: BA1120 DMCC Business Centre, Level No 1, Jewellery & Gemplex 3, Dubai, United Emirates Arab
or to the Consultant at:
....
Notice of change of address shall be effective only when done in accordance with this Section.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date first above written.
THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

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![legal](img/legal_header_.jpg)
**TFGRID USER and/or FARMER TERMS AND CONDITIONS**
THESE TERMS AND CONDITIONS (THE "**AGREEMENTS**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“TFGRID **USER**,"“TFGRID **FARMER**," “**YOU**", OR “**YOURS**”) AND ThreeFold_Dubai, WITH REGISTERED OFFICE AT BA1120 DMCC BUSINESS CENTRE, LEVEL NO 1, JEWELLERY & GEMPLEX 3, DUBAI, UNITED EMIRATES ARAB, AND LICENSE REGISTRATION NUMBER 19121 (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A FARMER OR USER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, EITHER BY CLICKING TO SIGNIFY ACCEPTANCE, OR BY TAKING ANY ONE OR MORE OF THE FOLLOWING ACTIONS DOWNLOADING, INSTALLING, RUNNING,/AND OR USING THE APPLICABLE SOFTWARE, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU TAKE THE EARLIEST OF ONE OF THE FOREGOING ACTIONS. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.
> BY USING THE TFGRID OR ANY OF THE THREEFOLD PROVIDED SOFTWARE OR SERVICES YOU ACCEPT FOLLOWING AGREEMENTS:
- [X] [Disclaimer](disclaimer)
- [X] [Privacy Policy](privacypolicy)
- [X] [Terms & Conditions ThreeFold Related Websites](terms_conditions_websites)
- [X] [Terms & Conditions TFGrid Users](terms_conditions_griduser)
- [X] [Terms & Conditions TFGrid Farmers](terms_conditions_farmer) : only relevant if you are a TFGrid Farmer
Our single source of truth for our legal docs is on https://github.com/threefoldfoundation/info_legal
> You can see the history of each file on github, useful to see the right version of the file in relation to the date when you signed a document or contract which linked into one of the above documents.
Definitions see [definitions](definitions_legal).

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![legal](img/legal_header_.jpg)
**TFGRID USER and/or FARMER TERMS AND CONDITIONS**
THESE TERMS AND CONDITIONS (THE "**AGREEMENTS**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“TFGRID **USER**,"“TFGRID **FARMER**," “**YOU**", OR “**YOURS**”) AND ThreeFold_Dubai, WITH REGISTERED OFFICE AT Unit NO: BA1120 DMCC BUSINESS CENTRE, LEVEL NO 1, JEWELLERY & GEMPLEX 3, DUBAI, UNITED EMIRATES ARAB, AND LICENSE REGISTRATION NUMBER 19121 (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A FARMER OR USER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, EITHER BY CLICKING TO SIGNIFY ACCEPTANCE, OR BY TAKING ANY ONE OR MORE OF THE FOLLOWING ACTIONS DOWNLOADING, INSTALLING, RUNNING,/AND OR USING THE APPLICABLE SOFTWARE, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU TAKE THE EARLIEST OF ONE OF THE FOREGOING ACTIONS. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.
> BY USING THE TFGRID OR ANY OF THE THREEFOLD PROVIDED SOFTWARE OR SERVICES YOU ACCEPT FOLLOWING AGREEMENTS:
- [X] [Disclaimer](@disclaimer)
- [X] [Privacy Policy](@privacypolicy)
- [X] [Terms & Conditions ThreeFold Related Websites](@terms_conditions_websites)
- [X] [Terms & Conditions TFGrid Users](@terms_conditions_griduser)
- [X] [Terms & Conditions TFGrid Farmers](@terms_conditions_farmer) : only relevant if you are a TFGrid Farmer
Our single source of truth for our legal docs is on https://github.com/threefoldfoundation/info_legal
> You can see the history of each file on github, useful to see the right version of the file in relation to the date when you signed a document or contract which linked into one of the above documents.
Definitions see [definitions](@definitions_legal).

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![](img/mazraa_web1.jpg)
# Mazraa
See [mazraa.io](https://www.mazraa.io/)
Is a brand name of [ThreeFold Dubai](./threefold_dubai.md) see there for more details.

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# THREEFOLD ECO SPELLING & USAGE
_This glossary is to clarify spelling, capitalization, use of spaces, dashes, etc, when it comes to commonly used products or terminology in the ThreeFold Companies._
#
- **3Bot or threefold_connect:** your virtual system administrator
- **3Bot App:** your virtual system administrator
- **3Bot Authentication:** your virtual system administrator
or should we write?
- **3Bot, threefold_connect, 3Bot App or 3Bot Authentication:** your virtual system administrator
- **3Node:** The ThreeFold_Grid is formed by ThreeFold farmers - individuals or businesses who connect compute and storage hardware also known as servers and in our case 3 nodes
- **3Node ID:**
- **3Bot SDK or 3SDK:**
# A
- **ADApps (not ADAPPS or ADAPPs):**
- **Autonomous Internet or autonomous Internet (not internet):**
- **Autonomous IT also:**
- **Autonomous Layer:**
- links to Zero-People Technology
- **Autonomous DAPPS:**
- **App SDK:**
# B
- **BlockChain DB or BCDB:**
# C
- **Capacity Layer:** The capacity layer is the layer where CPU and Storage resources are delivered. It consists of hardware (storage/compute servers) and the TFTech operating system called Zero-OS.- **CLA (Convertible Loan Agreement):**
- **CRU (Compute Resource Unit):**
- **Crystal Twin:**
- **Cloud Unit:**
- **CU**: Compute Units
- **Core0 and CoreX:**
- **Chatflow:**
# D
- Digital sovereignty / digital auto
- Digital Sovereign Nation
- Digital Worker (?)
- Digital Avatar (?)
- Digital Me (?)
# E
- Experiences / Experiences Layer
# F
- Farmer
- Farming
- Flist
# H
- HRU: Hard Disc Drive Resource Unit
# I
- Itsyou.online
# J
- Jumpscale
- Jumpscale X (abbreviation: JSX)
- Jumpscale SDK
# M
- MRU (Memory Resource Unit)
# N
- NU (Network Unit)
# P
- Peer-to-peer (P2P)
# R
- Rivine Blockchain
- Ressource Units (RU)
# S
- Self-driving or self-driving
- Self-healing or self-healing
- SLA (Service Level Agreement)
- Storage Units (SU)
- SRU (Solid State Disc Resource Unit)
- Smart Contract For IT
# T
- TF Certified Capacity
- TFChain: all blockchain related technologies on top of TFGrid
- ThreeFold Chain
- ThreeFold Cockpit
- TF DIY Capacity
- TF Managed Capacity
- TF or ThreeFold: concept name for the overall project with full ecosystem
- ThreeFold Directory
- ThreeFold Farmer or TF Farmer
- TF Farmer 3Bot Plugin
- ThreeFold Foundation or TFF or TF Foundation (ThreeFold_Dubai in Dubai)
- TF Grid or ThreeFold_Grid: the grid (network) of all computers providing capacity for the TFGrid
- TF Grid Services
- TF Hub
- TF Labs
- TF Web Gateway
- TFTech: ThreeFold Tech NV (owns the IP of the technology, opensource for Grid) in Belgium
- TFT : The ThreeFold_Token
- TFToken, ThreeFold_Token or ThreeFold_Tokens (not TFTs)
- ThreeFold_Token Holders (when using “ThreeFold” in front) but token holders when not
- TFNode : runs Zero-OS
- ThreeFold Node
# W
- WebGW: technology used is Zero-GW, bridge between internet and your workloads as running on top of TFGrid
# Z
- Zero-Chain : combination of BCDB and Smart Contract For IT
- Zero-Container
- Zero-DB or ZDB: low level database on top of HD (harddisk) or SSD
- Zero-Disk or ZDisk: virtual disk format (not in production yet)
- Zero-GW
- Zero-Mesh
- Zero-Net or ZNet: overlay network tech as used on our grid
- Zero-OS or ZOS (not Zero OS)
- Zero-People : fact that self driving/healing IT is possible
- Zero Robot

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!!!include:threefold:navbar_include

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# Organisation Structure
<h2>Table of Contents</h2>
- [ThreeFold Dubai](./threefold_dubai.md)
- [ThreeFold VZW](./threefold_vzw.md)
- [ThreeFold AG](./threefold_ag.md)

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These Terms and Conditions (the "**Agreement**") constitute a legal agreement between you (“**user**," “**you**", or “**yours**”) and [THREEFOLD RELATED COMPANIES](threefold_companies.md) (“**Threefold**”, “**Company**,” “**us**,” “**we**” or “**our**”)

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# Privacy Policy
*This privacy policy will explain how ThreeFold Movement ("companies", “we”, or “us”) uses the personal data we collect from you when you use any of our:*
{{#include ./sub/websites.md}}
### What data do we collect?
All websites using the ThreeFold Movement Privacy Policy do not collect any data on a personal level by default. All data being processed is anonymized. When signing up for our newsletter we collect your: *email address*
**How do we collect your data?**
Browsing data:
We automatically collect data and process data when you use or view our website via your browser's cookies.
Newsletter Signups:
Collected only with your permission through our sign-up form that uses a double opt-in mechanism for you to explicitly accept.
### How will we use your data?
We use this information to monitor and analyze your use of our website and for the website's technical administration, to increase our website's functionality and user-friendliness, and to better tailor it to our visitors needs.
If you agree, our companies will share your data with the following partner companies so that they may offer you or us their products and services:
* Matomo: offers us services relating to monitoring and measuring website traffic and access, creating user navigation reports, etc. All information processed here is anonymized. We run this service within our own environments. The data being processed does not leave our servers and is not shared with any thrid parties.
* Mailerlite: offers us services relating newsletter sending and monitoring.
**We do not track individual IP's or any other personal data.**
The aforementioned processors operate independently from us and have their own privacy policy, which we strongly suggest you review. These processors may use the information collected through their services to evaluate visitors’ activity, as set out in their respective privacy policies.
### How do we store your data?
We store the anonmyzed data in Matomo for us to research usage and improve user experience on our websites.
We store email addresses in Mailerlite's system.
### Marketing
We will not use your information for any (re)marketing reasons, nor send you information about products and/or services of ours or any partner companies unless you explicitly agreed to signing up for our newsletter.
### What are your data protection rights?
We would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:
#### The right to access
You have the right to request from us copies of your personal data. We may charge you a small fee for this service.
#### The right to rectification
You have the right to request that we correct any information you believe is inaccurate. You also have the right to request us to complete information you believe is incomplete.
#### The right to erasure
You have the right to request that we erase your personal data, under certain conditions.
#### The right to restrict processing
You have the right to request that we restrict the processing of your personal data, under certain conditions.
#### The right to object to processing
You have the right to object to our companies' processing of your personal data, under certain conditions.
#### The right to data portability
You have the right to request that we transfer the data that we have collected to another organization, or directly to you, under certain conditions.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us:
* email: dataprivacy@threefold.io
* post address:
{{#include ./threefold_fzc_address.md}}
### What are cookies?
Cookies are text files placed on your computer to collect standard Internet log information and visitor behavior information. When you visit our websites, we may collect information from you automatically through cookies or similar technology.
For further information, visit: http://allaboutcookies.org/
### How do we use cookies?
We use cookies in a range of ways to improve your experience on our website, including:
* understanding how you use our website
* for the websites technical administration
### What types of cookies do we use?
There are a number of different types of cookies, however, our websites use:
* Functionality - Our companies use these cookies so that we recognize you on our website and remember your previously selected preferences. These could include what language you prefer and the location you are in. A mix of first-party and third-party cookies are used.
* No Advertising - Our companies use these cookies to collect information about your visit to our website, the content you viewed, the links you followed and information about your browser, device, and your IP address. However, we will not share this data with third parties for advertising purposes.
* Analytics cookies - Our companies use these to monitor how users reached the Site, and how they interact with and move around once on the Site. These cookies let us know what features on the Site are working the best and what features on the Site can be improved.
### How to manage cookies
You can set your browser to not accept cookies, and the above website tells you how to remove cookies from your browser. However, in a few cases, some of our website features may not function as a result.
### Privacy policies of other websites
Our website contains links to other websites. Our privacy policy applies only to our website, so if you click on a link to another website, you should read their privacy policy.
### Changes to our privacy policy
We keep our privacy policy under regular review and places any updates on this web page. This privacy policy was last updated on 16 May 2019.
### How to contact us
If you have any questions about our privacy policy, the data we hold on you, or you would like to exercise one of your data protection rights, please do not hesitate to contact us.
Email us at: dataprivacy@threefold.io
{{#include ./sub/the_single_source_truth.md}}

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# Privacy Policy farming.threefold.io
*This privacy policy will explain how ThreeFold Movement ("companies", “we”, or “us”) uses the personal data we collect from you when you use our website:
https://farming.threefold.io / https://www.farming.threefold.io
### What data do we collect?
All websites using the ThreeFold Movement Privacy Policy do not collect any data on a personal level. All data being processed is completely anonymized.
**How do we collect your data?**
We automatically collect data and process data when you use or view our website via your browser's cookies.
### How will we use your data?
We use this information to monitor and analyze your use of our website and for the website's technical administration, to increase our website's functionality and user-friendliness, and to better tailor it to our visitors needs.
If you agree, our companies will share your data with the following partner companies so that they may offer you or us their products and services:
* Matomo: offers us services relating to monitoring and measuring website traffic and access, creating user navigation reports, etc. All information processed here is anonymized.
**We do not track individual IP's or any other personal data.**
The aforementioned processors operate independently from us and have their own privacy policy, which we strongly suggest you review. These processors may use the information collected through their services to evaluate visitors’ activity, as set out in their respective privacy policies.
### How do we store your data?
We do not export and/or store any data on any of the websites using this privacy policy.
We only analyze the anonymized data in Matomo Analytics.
### Marketing
We will not use your information for any (re)marketing reasons, nor send you information about products and/or services of ours or any partner companies.
### What are your data protection rights?
We would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:
#### The right to access
You have the right to request from us copies of your personal data. We may charge you a small fee for this service.
#### The right to rectification
You have the right to request that we correct any information you believe is inaccurate. You also have the right to request us to complete information you believe is incomplete.
#### The right to erasure
You have the right to request that we erase your personal data, under certain conditions.
#### The right to restrict processing
You have the right to request that we restrict the processing of your personal data, under certain conditions.
#### The right to object to processing
You have the right to object to our companies' processing of your personal data, under certain conditions.
#### The right to data portability
You have the right to request that we transfer the data that we have collected to another organization, or directly to you, under certain conditions.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us:
* email: dataprivacy@threefold.io
* post address:
!!!include:threefold_fzc_address
### What are cookies?
Cookies are text files placed on your computer to collect standard Internet log information and visitor behavior information. When you visit our websites, we may collect information from you automatically through cookies or similar technology.
For further information, visit: http://allaboutcookies.org/
### How do we use cookies?
We use cookies in a range of ways to improve your experience on our website, including:
* understanding how you use our website
* for the websites technical administration
### What types of cookies do we use?
There are a number of different types of cookies, however, our websites use:
* Functionality - Our companies use these cookies so that we recognize you on our website and remember your previously selected preferences. These could include what language you prefer and the location you are in. A mix of first-party and third-party cookies are used.
* No Advertising - Our companies use these cookies to collect information about your visit to our website, the content you viewed, the links you followed and information about your browser, device, and your IP address. However, we will not share this data with third parties for advertising purposes.
* Analytics cookies - Our companies use these to monitor how users reached the Site, and how they interact with and move around once on the Site. These cookies let us know what features on the Site are working the best and what features on the Site can be improved.
### How to manage cookies
You can set your browser to not accept cookies, and the above website tells you how to remove cookies from your browser. However, in a few cases, some of our website features may not function as a result.
### Privacy policies of other websites
Our website contains links to other websites. Our privacy policy applies only to our website, so if you click on a link to another website, you should read their privacy policy.
### Changes to our privacy policy
We keep our privacy policy under regular review and places any updates on this web page. This privacy policy was last updated on 29 Jan 2021.
### How to contact us
If you have any questions about our privacy policy, the data we hold on you, or you would like to exercise one of your data protection rights, please do not hesitate to contact us.
Email us at: dataprivacy@threefold.io
!!!include:the_single_source_truth

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## The Company
The Company has been defined on the contract who refers to this document but can be any of the following:
- The company or organization who is selling a service on the ThreeFold_Grid.
- The company who is selling/buying ThreeFold_Tokens (TFTs) as capacity on the ThreeFold_Grid.
- The company who is helping a Farmer to become active on the ThreeFold_Grid = a TF Cooperative
- The company who is selling the hardware and software required for a Farming Pool

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## The Product
The Product is the ThreeFold_Token or any service related to the ThreeFold_Grid which can be bought by The Purchaser.
The Product has been defined on the contract who refers to this document.

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## The Purchaser
The Purchaser is the person or company or organization who buys The Product from The Company.

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## SINGLE SOURCE OF TRUTH
Our single source of truth for our legal docs is stored on [Github: https://github.com/threefoldfoundation/info_legal/tree/master/](https://github.com/threefoldfoundation/info_legal)
> You can see the history of each file on github, useful to see the right version of the file in relation to the date when you signed a document or contract which linked into one of the above documents.

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websites/wikis/forums ending with threefold.io, threefold.me, grid.tf, threefold.tech, ThreeFold_Token.com, freeflownation.org, 3bot.org, incubaid.com or consciousinternet.org or any other website as used/promoted by the ThreeFold Foundation or any other site as originating from our opensource git repository on https://github.com/threefoldfoundation.

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# TFGRID USER and/or FARMER TERMS AND CONDITIONS TFGRID 2.X
THESE TERMS AND CONDITIONS (THE "**AGREEMENTS**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“TFGRID **USER**,"“TFGRID **FARMER**," “**YOU**", OR “**YOURS**”) AND ThreeFold_Dubai or TFTECH (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A PARTNER, CUSTOMER, FARMER OR USER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, EITHER BY CLICKING TO SIGNIFY ACCEPTANCE, OR BY TAKING ANY ONE OR MORE OF THE FOLLOWING ACTIONS DOWNLOADING, INSTALLING, RUNNING,/AND OR USING THE APPLICABLE SOFTWARE, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU TAKE THE EARLIEST OF ONE OF THE FOREGOING ACTIONS. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.
> BY USING THE TFGRID OR ANY OF THE THREEFOLD PROVIDED SOFTWARE OR SERVICES YOU ACCEPT FOLLOWING AGREEMENTS:
- [X] [Disclaimer](disclaimer)
- [X] [Definitions](definitions_legal)
- [X] [Privacy Policy](privacypolicy)
- [X] [Terms & Conditions ThreeFold Related Websites](terms_conditions_websites)
- [X] [Terms & Conditions TFGrid Users](terms_conditions_griduser)
- [X] [Terms & Conditions TFGrid Farmers](terms_conditions_farmer) : only relevant if you are a TFGrid Farmer
## APPENDIX
!!!include:threefold_companies0
!!!include:the_single_source_truth

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# Wiki
## TFGRID USER and/or FARMER TERMS AND CONDITIONS TFGRID 3.X
THESE TERMS AND CONDITIONS (THE "**AGREEMENTS**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“TFGRID **USER**,"“TFGRID **FARMER**," “**YOU**", OR “**YOURS**”) AND TRC (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A PARTNER, CUSTOMER, FARMER OR USER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, EITHER BY CLICKING TO SIGNIFY ACCEPTANCE, OR BY TAKING ANY ONE OR MORE OF THE FOLLOWING ACTIONS DOWNLOADING, INSTALLING, RUNNING,/AND OR USING THE APPLICABLE SOFTWARE, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU TAKE THE EARLIEST OF ONE OF THE FOREGOING ACTIONS. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.
> BY USING THE TFGRID OR ANY OF THE THREEFOLD PROVIDED SOFTWARE OR SERVICES YOU ACCEPT THE FOLLOWING AGREEMENTS:
- [X] [Disclaimer](./disclaimer.md)
- [X] [Definitions](./definitions_legal.md)
- [X] [Privacy Policy](./privacypolicy.md)
- [X] [Terms & Conditions ThreeFold Related Websites](./terms_conditions_websites.md)
- [X] [Terms & Conditions TFGrid Users TFGrid 3](./terms_conditions_griduser.md)
- [X] [Terms & Conditions TFGrid Farmers TFGrid 3](./terms_conditions_farmer3.md)
## APPENDIX
{{#include threefold_companies0.md}}
{{#include ./sub/the_single_source_truth.md}}

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# ThreeFold.io Terms Of Service
### Last updated September 13, 2019
## AGREEMENT TO TERMS
These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”) and ThreeFold, doing business as ThreeFold ("ThreeFold", “we”, “us”, or “our”), concerning your access to and use of the https://www.threefold.io website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site”). You agree that by accessing the Site, you have read, understood, and agreed to be bound by all of these Terms of Use. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND YOU MUST DISCONTINUE USE IMMEDIATELY.
Supplemental terms and conditions or documents that may be posted on the Site from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Use at any time and for any reason. We will alert you about any changes by updating the “Last updated” date of these Terms of Use, and you waive any right to receive specific notice of each such change. It is your responsibility to periodically review these Terms of Use to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Use by your continued use of the Site after the date such revised Terms of Use are posted.
The information provided on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.
The Site is intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use or register for the Site.
## INTELLECTUAL PROPERTY RIGHTS
Unless otherwise indicated, the Site is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights and EU competition laws, foreign jurisdictions, and international conventions. The Content and the Marks are provided on the Site “AS IS” for your information and personal use only. Except as expressly provided in these Terms of Use, no part of the Site and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.
Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks.
## USER REPRESENTATIONS
By using the Site, you represent and warrant that: (1) all registration information you submit will be true, accurate, current, and complete; (2) you will maintain the accuracy of such information and promptly update such registration information as necessary; (3) you have the legal capacity and you agree to comply with these Terms of Use; (4) you are not a minor in the jurisdiction in which you reside; (5) you will not access the Site through automated or non-human means, whether through a bot, script, or otherwise; (6) you will not use the Site for any illegal or unauthorized purpose; and (7) your use of the Site will not violate any applicable law or regulation.
If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site (or any portion thereof).
## USER REGISTRATION
You may be required to register with the Site. You agree to keep your password confidential and will be responsible for all use of your account and password. We reserve the right to remove, reclaim, or change a username you select if we determine, in our sole discretion, that such username is inappropriate, obscene, or otherwise objectionable.
## PROHIBITED ACTIVITIES
You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.
As a user of the Site, you agree not to:
1. Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us.
2. Circumvent, disable, or otherwise interfere with security-related features of the Site, including features that prevent or restrict the use or copying of any Content or enforce limitations on the use of the Site and/or the Content contained therein.
3. Engage in unauthorized framing of or linking to the Site.
4. Trick, defraud, or mislead us and other users, especially in any attempt to learn sensitive account information such as user passwords.
5. Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools.
6. Interfere with, disrupt, or create an undue burden on the Site or the networks or services connected to the Site.
7. Use the Site as part of any effort to compete with us or otherwise use the Site and/or the Content for any revenue-generating endeavor or commercial enterprise.
8. Decipher, decompile, disassemble, or reverse engineer any of the software comprising or in any way making up a part of the Site.
9. Upload or transmit (or attempt to upload or to transmit) viruses, Trojan horses, or other material, including excessive use of capital letters and spamming (continuous posting of repetitive text), that interferes with any party’s uninterrupted use and enjoyment of the Site or modifies, impairs, disrupts, alters, or interferes with the use, features, functions, operation, or maintenance of the Site.
10. Upload or transmit (or attempt to upload or to transmit) any material that acts as a passive or active information collection or transmission mechanism, including without limitation, clear graphics interchange formats (“gifs”), 1×1 pixels, web bugs, cookies, or other similar devices (sometimes referred to as “spyware” or “passive collection mechanisms” or “pcms”).
11. Except as may be the result of standard search engine or Internet browser usage, use, launch, develop, or distribute any automated system, including without limitation, any spider, robot, cheat utility, scraper, or offline reader that accesses the Site, or using or launching any unauthorized script or other software.
12. Use the Site in a manner inconsistent with any applicable laws or regulations.
## USER GENERATED CONTRIBUTIONS
The Site may invite you to chat, contribute to, or participate in blogs, message boards, online forums, and other functionality, and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Site, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Site and through third-party websites. As such, any Contributions you transmit may be treated as non-confidential and non-proprietary. When you create or make available any Contributions, you thereby represent and warrant that:
1. The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party.
2. You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Site, and other users of the Site to use your Contributions in any manner contemplated by the Site and these Terms of Use.
3. You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Site and these Terms of Use.
4. Your Contributions are not false, inaccurate, or misleading.
5. Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation.
6. Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us).
7. Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone.
8. Your Contributions do not advocate the violent overthrow of any government or incite, encourage, or threaten physical harm against another.
9. Your Contributions do not violate any applicable law, regulation, or rule.
10. Your Contributions do not violate the privacy or publicity rights of any third party.
11. Your Contributions do not contain any material that solicits personal information from anyone under the age of 18 or exploits people under the age of 18 in a sexual or violent manner.
12. Your Contributions do not violate any federal or state law concerning child pornography, or otherwise intended to protect the health or well-being of minors;
13. Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap.
14. Your Contributions do not otherwise violate, or link to material that violates, any provision of these Terms of Use, or any applicable law or regulation.
Any use of the Site in violation of the foregoing violates these Terms of Use and may result in, among other things, termination or suspension of your rights to use the Site.
## CONTRIBUTION LICENSE
By posting your Contributions to any part of the Site or making Contributions accessible to the Site by linking your account from the Site to any of your social networking accounts, you automatically grant, and you represent and warrant that you have the right to grant, to us an unrestricted, unlimited, irrevocable, perpetual, non-exclusive, transferable, royalty-free, fully-paid, worldwide right, and license to host, use, copy, reproduce, disclose, sell, resell, publish, broadcast, retitle, archive, store, cache, publicly perform, publicly display, reformat, translate, transmit, excerpt (in whole or in part), and distribute such Contributions (including, without limitation, your image and voice) for any purpose, commercial, advertising, or otherwise, and to prepare derivative works of, or incorporate into other works, such Contributions, and grant and authorize sublicenses of the foregoing. The use and distribution may occur in any media formats and through any media channels.
This license will apply to any form, media, or technology now known or hereafter developed, and includes our use of your name, company name, and franchise name, as applicable, and any of the trademarks, service marks, trade names, logos, and personal and commercial images you provide. You waive all moral rights in your Contributions, and you warrant that moral rights have not otherwise been asserted in your Contributions.
We do not assert any ownership over your Contributions. You retain full ownership of all of your Contributions and any intellectual property rights or other proprietary rights associated with your Contributions. We are not liable for any statements or representations in your Contributions provided by you in any area on the Site. You are solely responsible for your Contributions to the Site and you expressly agree to exonerate us from any and all responsibility and to refrain from any legal action against us regarding your Contributions.
We have the right, in our sole and absolute discretion, (1) to edit, redact, or otherwise change any Contributions; (2) to re-categorize any Contributions to place them in more appropriate locations on the Site; and (3) to pre-screen or delete any Contributions at any time and for any reason, without notice. We have no obligation to monitor your Contributions.
SOCIAL MEDIA
As part of the functionality of the Site, you may link your account with online accounts you have with third-party service providers (each such account, a “Third-Party Account”) by either: (1) providing your Third-Party Account login information through the Site; or (2) allowing us to access your Third-Party Account, as is permitted under the applicable terms and conditions that govern your use of each Third-Party Account. You represent and warrant that you are entitled to disclose your Third-Party Account login information to us and/or grant us access to your Third-Party Account, without breach by you of any of the terms and conditions that govern your use of the applicable Third-Party Account, and without obligating us to pay any fees or making us subject to any usage limitations imposed by the third-party service provider of the Third-Party Account. By granting us access to any Third-Party Accounts, you understand that (1) we may access, make available, and store (if applicable) any content that you have provided to and stored in your Third-Party Account (the “Social Network Content”) so that it is available on and through the Site via your account, including without limitation any friend lists and (2) we may submit to and receive from your Third-Party Account additional information to the extent you are notified when you link your account with the Third-Party Account. Depending on the Third-Party Accounts you choose and subject to the privacy settings that you have set in such Third-Party Accounts, personally identifiable information that you post to your Third-Party Accounts may be available on and through your account on the Site. Please note that if a Third-Party Account or associated service becomes unavailable or our access to such Third Party Account is terminated by the third-party service provider, then Social Network Content may no longer be available on and through the Site. You will have the ability to disable the connection between your account on the Site and your Third-Party Accounts at any time. PLEASE NOTE THAT YOUR RELATIONSHIP WITH THE THIRD-
PARTY SERVICE PROVIDERS ASSOCIATED WITH YOUR THIRD-PARTY ACCOUNTS IS GOVERNED SOLELY BY YOUR AGREEMENT(S) WITH SUCH THIRD-PARTY SERVICE PROVIDERS. We make no effort to review any Social Network Content for any purpose, including but not limited to, for accuracy, legality, or non-infringement, and we are not responsible for any Social Network Content. You acknowledge and agree that we may access your email address book associated with a Third-Party Account and your contacts list stored on your mobile device or tablet computer solely for purposes of identifying and informing you of those contacts who have also registered to use the Site. You can deactivate the connection between the Site and your Third-Party Account by contacting us using the contact information below or through your account settings (if applicable). We will attempt to delete any information stored on our servers that was obtained through such Third-Party Account, except the username and profile picture that become associated with your account.
## SUBMISSIONS
You acknowledge and agree that any questions, comments, suggestions, ideas, feedback, or other information regarding the Site ("Submissions") provided by you to us are non-confidential and shall become our sole property. We shall own exclusive rights, including all intellectual property rights, and shall be entitled to the unrestricted use and dissemination of these Submissions for any lawful purpose, commercial or otherwise, without acknowledgment or compensation to you. You hereby waive all moral rights to any such Submissions, and you hereby warrant that any such Submissions are original with you or that you have the right to submit such Submissions. You agree there shall be no recourse against us for any alleged or actual infringement or misappropriation of any proprietary right in your Submissions.
## THIRD-PARTY WEBSITES AND CONTENT
The Site may contain (or you may be sent via the Site) links to other websites ("Third-Party Websites") as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software, and other content or items belonging to or originating from third parties ("Third-Party Content"). Such Third-Party Websites and Third-Party Content are not investigated, monitored, or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any Third-Party Websites accessed through the Site or any Third-Party Content posted on, available through, or installed from the Site, including the content, accuracy, offensiveness, opinions, reliability, privacy practices, or other policies of or contained in the Third-Party Websites or the Third-Party Content. Inclusion of, linking to, or permitting the use or installation of any Third-Party Websites or any Third-Party Content does not imply approval or endorsement thereof by us. If you decide to leave the Site and access the Third-Party Websites or to use or install any Third-Party Content, you do so at your own risk, and you should be aware these Terms of Use no longer govern. You should review the applicable terms and policies, including privacy and data gathering practices, of any website to which you navigate from the Site or relating to any applications you use or install from the Site. Any purchases you make through Third-Party Websites will be through other websites and from other companies, and we take no responsibility whatsoever in relation to such purchases which are exclusively between you and the applicable third party. You agree and acknowledge that we do not endorse the products or services offered on Third-Party Websites and you shall hold us harmless from any harm caused by your purchase of such products or services. Additionally, you shall hold us harmless from any losses sustained by you or harm caused to you relating to or resulting in any way from any Third-Party Content or any contact with Third-Party Websites.
## SITE MANAGEMENT
We reserve the right, but not the obligation, to: (1) monitor the Site for violations of these Terms of Use; (2) take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms of Use, including without limitation, reporting such user to law enforcement authorities; (3) in our sole discretion and without limitation, refuse, restrict access to, limit the availability of, or disable (to the extent technologically feasible) any of your Contributions or any portion thereof; (4) in our sole discretion and without limitation, notice, or liability, to remove from the Site or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems; and (5) otherwise manage the Site in a manner designed to protect our rights and property and to facilitate the proper functioning of the Site.
## PRIVACY POLICY
We care about data privacy and security. Please review our Privacy Policy: www.threefold.io/privacy. By using the Site, you agree to be bound by our Privacy Policy, which is incorporated into these Terms of Use. Please be advised the Site is hosted in the United States. If you access the Site from the European Union, Asia, or any other region of the world with laws or other requirements governing personal data collection, use, or disclosure that differ from applicable laws in the United States, then through your continued use of the Site, you are transferring your data to the United States, and you expressly consent to have your data transferred to and processed in the United States. Further, we do not knowingly accept, request, or solicit information from children or knowingly market to children. Therefore, in accordance with the U.S. Children’s Online Privacy Protection Act, if we receive actual knowledge that anyone under the age of 13 has provided personal information to us without the requisite and verifiable parental consent, we will delete that information from the Site as quickly as is reasonably practical.
## TERM AND TERMINATION
These Terms of Use shall remain in full force and effect while you use the Site. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS OF USE, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SITE (INCLUDING BLOCKING CERTAIN IP ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OF USE OR OF ANY APPLICABLE LAW OR REGULATION. WE MAY TERMINATE YOUR USE OR PARTICIPATION IN THE SITE OR DELETE YOUR ACCOUNT AND ANY CONTENT OR INFORMATION THAT YOU POSTED AT ANY TIME, WITHOUT WARNING, IN OUR SOLE DISCRETION.
If we terminate or suspend your account for any reason, you are prohibited from registering and creating a new account under your name, a fake or borrowed name, or the name of any third party, even if you may be acting on behalf of the third party. In addition to terminating or suspending your account, we reserve the right to take appropriate legal action, including without limitation pursuing civil, criminal, and injunctive redress.
## MODIFICATIONS AND INTERRUPTIONS
We reserve the right to change, modify, or remove the contents of the Site at any time or for any reason at our sole discretion without notice. However, we have no obligation to update any information on our Site. We also reserve the right to modify or discontinue all or part of the Site without notice at any time. We will not be liable to you or any third party for any modification, price change, suspension, or discontinuance of the Site.
We cannot guarantee the Site will be available at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Site, resulting in interruptions, delays, or errors. We reserve the right to change, revise, update, suspend, discontinue, or otherwise modify the Site at any time or for any reason without notice to you. You agree that we have no liability whatsoever for any loss, damage, or inconvenience caused by your inability to access or use the Site during any downtime or discontinuance of the Site. Nothing in these Terms of Use will be construed to obligate us to maintain and support the Site or to supply any corrections, updates, or releases in connection therewith.
## GOVERNING LAW
These Terms of Use and your use of the Site are governed by and construed in accordance with the laws of Belgium, without regard to its conflict of law principles.
## DISPUTE RESOLUTION
Any legal action of whatever nature brought by either you or us (collectively, the “Parties” and individually, a “Party”) shall be commenced or prosecuted in courts located in Belgium, Ghent, and the Parties hereby consent to, and waive all defenses of lack of personal jurisdiction and forum non conveniens with respect to venue and jurisdiction in such state and federal courts. Application of the United Nations Convention on Contracts for the International Sale of Goods and the Uniform Computer Information Transaction Act (UCITA) are excluded from these Terms of Use. In no event shall any claim, action, or proceeding brought by either Party related in any way to the Site be commenced more than one (1) years after the cause of action arose.
CORRECTIONS
There may be information on the Site that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Site at any time, without prior notice.
## DISCLAIMER
THE SITE IS PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SITE AND OUR SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SITE AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SITE’S CONTENT OR THE CONTENT OF ANY WEBSITES LINKED TO THE SITE AND WE WILL ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY (1) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS, (2) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF THE SITE, (3) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (4) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SITE, (5) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SITE BY ANY THIRD PARTY, AND/OR (6) ANY ERRORS OR OMISSIONS IN ANY CONTENT AND MATERIALS OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE SITE. WE DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SITE, ANY HYPERLINKED WEBSITE, OR ANY WEBSITE OR MOBILE APPLICATION FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND WE WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND ANY THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES. AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE.
## LIMITATIONS OF LIABILITY
IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO $1.00 USD. CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.
## INDEMNIFICATION
You agree to defend, indemnify, and hold us harmless, including our subsidiaries, affiliates, and all of our respective officers, agents, partners, and employees, from and against any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of: (1) your Contributions; (2) use of the Site; (3) breach of these Terms of Use; (4) any breach of your representations and warranties set forth in these Terms of Use; (5) your violation of the rights of a third party, including but not limited to intellectual property rights; or (6) any overt harmful act toward any other user of the Site with whom you connected via the Site. Notwithstanding the foregoing, we reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate, at your expense, with our defense of such claims. We will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.
## USER DATA
We will maintain certain data that you transmit to the Site for the purpose of managing the performance of the Site, as well as data relating to your use of the Site. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption of such data.
## ELECTRONIC COMMUNICATIONS, TRANSACTIONS, AND SIGNATURES
Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures, and other communications we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communication be in writing. YOU HEREBY AGREE TO THE USE OF ELECTRONIC SIGNATURES, CONTRACTS, ORDERS, AND OTHER RECORDS, AND TO ELECTRONIC DELIVERY OF NOTICES, POLICIES, AND RECORDS OF TRANSACTIONS INITIATED OR COMPLETED BY US OR VIA THE SITE. You hereby waive any rights or requirements under any statutes, regulations, rules, ordinances, or other laws in any jurisdiction which require an original signature or delivery or retention of non-electronic records, or to payments or the granting of credits by any means other than electronic means.
## MISCELLANEOUS
These Terms of Use and any policies or operating rules posted by us on the Site or in respect to the Site constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms of Use shall not operate as a waiver of such right or provision. These Terms of Use operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. We shall not be responsible or liable for any loss, damage, delay, or failure to act caused by any cause beyond our reasonable control. If any provision or part of a provision of these Terms of Use is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms of Use and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Terms of Use or use of the Site. You agree that these Terms of Use will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Terms of Use and the lack of signing by the parties hereto to execute these Terms of Use.
## CONTACT US
In order to resolve a complaint regarding the Site or to receive further information regarding use of the Site, please contact us at:
ThreeFold

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!!!include:part_0_introduction_tcs
!!!include:part_1_definitions
!!!include:part_2_farmer_services
!!!include:part_3_farmer_grant
!!!include:part_4_certified_vs_diy
!!!include:part_5_farmer_responsibilities
!!!include:part_6_restrictions
!!!include:part_7_representations_and_warranties
!!!include:part_8_capacity_measurement_minting
!!!include:part_9_capacity_utilization
!!!include:part_10_term_termination
!!!include:part_11_intellectual_property
!!!include:part_12_indemnification
!!!include:part_13_disclaimer_limitation_liability
!!!include:part_14_export_compliance
!!!include:part_15_agreement_severability_waiver
!!!include:part_16_governing_law_venue
## APPENDIX
!!!include:threefold_companies0
!!!include:the_single_source_truth

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{{#include ./terms_conditions_farmer_parts/part_0_introduction_tcs.md}}
{{#include ./terms_conditions_farmer_parts/part_1_definitions.md}}
{{#include ./terms_conditions_farmer_parts/part_2_farmer_services.md}}
{{#include ./terms_conditions_farmer_parts/part_3_farmer_grant.md}}
{{#include ./terms_conditions_farmer_parts/part_4_certified_vs_diy.md}}
{{#include ./terms_conditions_farmer_parts/part_5_farmer_responsibilities.md}}
{{#include ./terms_conditions_farmer_parts/part_6_restrictions.md}}
{{#include ./terms_conditions_farmer_parts/part_7_representations_and_warranties.md}}
{{#include ./terms_conditions_farmer_parts/part_8_capacity_measurement_minting3.md}}
{{#include ./terms_conditions_farmer_parts/part_9_capacity_utilization3.md}}
{{#include ./terms_conditions_farmer_parts/part_10_term_termination.md}}
{{#include ./terms_conditions_farmer_parts/part_11_intellectual_property.md}}
{{#include ./terms_conditions_farmer_parts/part_12_indemnification.md}}
{{#include ./terms_conditions_farmer_parts/part_13_disclaimer_limitation_liability.md}}
{{#include ./terms_conditions_farmer_parts/part_14_export_compliance.md}}
{{#include ./terms_conditions_farmer_parts/part_15_agreement_severability_waiver.md}}
{{#include ./terms_conditions_farmer_parts/part_16_governing_law_venue.md}}
## APPENDIX
{{#include threefold_companies0.md}}
{{#include ./sub/the_single_source_truth.md}}

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**FARMER TERMS AND CONDITIONS**
THESE TERMS AND CONDITIONS (THE "**AGREEMENT**") CONSTITUTE A LEGAL AGREEMENT BETWEEN YOU (“**FARMER**," “**YOU**", OR “**YOURS**”) AND OF THE THREEFOLD COMPANIES (“**THREEFOLD**”, “**COMPANY**,” “**US**,” “**WE**” OR “**OUR**”), GOVERNING THE TERMS OF YOUR PARTICIPATION AS A FARMER IN THE THREEFOLD GRID. YOU UNDERSTAND AND AGREE THAT BY ACCEPTING THE TERMS OF THIS AGREEMENT, EITHER BY CLICKING TO SIGNIFY ACCEPTANCE, OR BY TAKING ANY ONE OR MORE OF THE FOLLOWING ACTIONS DOWNLOADING, INSTALLING, RUNNING,/AND OR USING THE APPLICABLE SOFTWARE, YOU AGREE TO BE BOUND BY THE TERMS OF THIS AGREEMENT EFFECTIVE AS OF THE DATE THAT YOU TAKE THE EARLIEST OF ONE OF THE FOREGOING ACTIONS. YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OLD OR OLDER AND HAVE THE RIGHT AND AUTHORITY TO ENTER INTO AND COMPLY WITH THE TERMS OF THIS AGREEMENT.

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### 10. TERM AND TERMINATION
This Agreement shall be effective as of the date that you take the earliest of the following actions: your acceptance of this Agreement, either by clicking to signify acceptance, or by taking any one or more of the following actions: downloading, installing, running and/or using the Software. It will continue until terminated per the terms below.
Either party may terminate this Agreement immediately at any time without notice to the other party.
In case of termination, the Farmer shall immediately cease using the Software. Any portion of Farmed or Cultivated ThreeFold_Tokens that have not been transferred to the Farmer’s wallet on the date of termination will be irrevocably forfeited.

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### 11. INTELLECTUAL PROPERTY
No rights are granted to the Farmer hereunder other than as expressly set forth in this Agreement. Except for Software subject to the Open Source Licenses, and except for any rights expressly granted under this Agreement, Company and its licensors own and shall retain all right, title, and interest in and to the ThreeFold_Grid and all related software (including any improvements, enhancements, customizations, and modifications thereto), the Documentation, and the Related Data, including, without limitation, all related intellectual property rights therein. For purposes hereof, the term "**Related Data**" means data derived from operation of the 3Node and of the ThreeFold_Grid via the 3Node, and any data that is aggregated by Company (including aggregations with data sourced from other Farmers and other third party data sources), and data and information regarding the Farmer’s access to and participation in the ThreeFold_Grid, including, without limitation, statistical usage data derived from the operation of the 3Node and ThreeFold_Grid and configurations, log data and the performance results related thereto. For the avoidance of doubt, nothing herein shall be construed as prohibiting Company from utilizing Related Data to optimize and improve the ThreeFold_Grid or otherwise operate Company’s business; provided that if Company provides Related Data to third parties, such Related Data shall be de-identified and presented in the aggregate so that it will not disclose the identity of Farmers to any third party.
The ThreeFold_Grid may include access to various confidential and proprietary third party data that is utilized along with the IT Capacity, and all such data is owned by the applicable third party source or vendor. Farmer may only use such data as part of the ThreeFold_Grid and may not extract or otherwise utilize any such data except as included in and in connection with the ThreeFold_Grid. This data may be compiled from third party sources, including but not limited to, public records, user submissions, and other commercially available data sources. These sources may not be accurate or complete, or up-to-date and is subject to ongoing and continual change without notice. Neither Company nor its third party data sources make any representations or warranties regarding the data and assume no responsibility for the accuracy, completeness, or currency of the data.
Company shall have a royalty-free, worldwide, transferable, sublicensable, irrevocable, perpetual license to use or incorporate into the Software and/or the ThreeFold_Grid any suggestions, ideas, enhancement requests, feedback, recommendations or other information provided by Farmers relating to the features, functionality, or operation thereof ("**Feedback**"). Company shall have no obligation to use Feedback, and Farmer shall have no obligation to provide Feedback.

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### 12. INDEMNIFICATION
To the fullest extent permitted by applicable law, you will defend, indemnify and hold harmless Company and our respective past, present, and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the "**Indemnified Parties**") from and against all claims, damages, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your use of the Software; (ii) your participation in the ThreeFold_Grid; (iii) any Feedback you provide; or (iv) your breach of this Agreement.
Company reserves the right to exercise sole control over the defense of any claim subject to indemnification under the paragraph above, at your expense. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Company.
If the Software becomes, or in Company’s reasonable judgment is likely to become, the subject of a claim of infringement, then Company may in its sole discretion: (a) obtain the right, for Farmer to continue using the Software; (b) provide a non-infringing functionally equivalent replacement; or (c) modify the Software so that it is no longer infringing. If Company, in its sole and reasonable judgment, determines that none of the above options are commercially reasonable, then Company may, without liability, suspend or terminate Farmer’s use of the Software. This Section 12 states Company’s sole liability and Farmer’s exclusive remedy for infringement claims.

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### 13. DISCLAIMER AND LIMITATION OF LIABILITY
The Farmer hereby acknowledges the fact that he/she has been advised that TFTs may qualify as a security and that the offers and sales of TFTs have not been registered under any country’s securities laws and, therefore, cannot be resold except in compliance with the applicable country’s laws.
The Farmer understands that the use of TFTs, the Software and/or the ThreeFold_Grid involves risks, all of which the Farmer fully and completely assumes, including, but not limited to, the risk that (i) the technology associated with the ThreeFold_Grid, 3Node and/or related Threefold products will not function as intended; (ii) the Threefold project will not be completed; (iii) Threefold will fail to attract sufficient interest from key stakeholders; and (iv) ThreeFold or any related parties may be subject to investigation and punitive actions from governmental authorities.
Except as explicitly set forth herein, Company makes no representations that the Software is appropriate for use in any jurisdictions. Farmers engaging with the ThreeFold_Grid from any jurisdictions do so at their own risk and are responsible for compliance with local laws.
The Farmer understands and expressly accepts that the TFTs, the Software and the ThreeFold_Grid were created and delivered to the Farmer at the sole risk of the Farmer on an "AS IS" and “UNDER DEVELOPMENT” basis.
COMPANY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS AND IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. COMPANY MAKES NO WARRANTY THAT THE SOFTWARE, THREEFOLD GRID, OR DOCUMENTATION WILL BE UNINTERRUPTED, ACCURATE, COMPLETE, RELIABLE, CURRENT, ERROR-FREE, VIRUS FREE, OR FREE OF MALICIOUS CODE OR HARMFUL COMPONENTS, OR THAT DEFECTS WILL BE CORRECTED. COMPANY DOES NOT CONTROL, ENDORSE, SPONSOR, OR ADOPT ANY CONTENT AND MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND REGARDING THE CONTENT STORED ON THE THREEFOLD GRID. COMPANY HAS NO OBLIGATION TO SCREEN, MONITOR, OR EDIT CONTENT AND IS NOT RESPONSIBLE OR LIABLE FOR ANY CONTENT. YOU ACKNOWLEDGE AND AGREE THAT COMPANY HAS NO INDEMNITY, SUPPORT, SERVICE LEVEL, OR OTHER OBLIGATIONS HEREUNDER.
The Undersigned understands and expressly acknowledges that it has not relied on any representations or warranties made by the Company, TF Tech NV, Bettertoken NV, Kristof De Spiegeleer, any person or entity involved in the development or promotion of the Software and/or the ThreeFold project, or any related parties, including, but not limited to, conversations of any kind, whether through oral or electronic communication or otherwise, or any whitepapers or other documentation.
WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE FARMER ASSUMES ALL RISK AND LIABILITY FOR THE RESULTS OBTAINED BY THE USE OF THE SOFTWARE, THE THREEFOLD GRID AND/OR THE THREEFOLD TOKENS AND REGARDLESS OF ANY ORAL OR WRITTEN STATEMENTS MADE BY THREEFOLD, BY WAY OF TECHNICAL ADVICE OR OTHERWISE, RELATED TO THE USE THEREOF.
COMPANY SHALL NOT BE LIABLE FOR ANY INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL, INDIRECT, OR EXEMPLARY DAMAGES (INCLUDING WITHOUT LIMITATION LOST PROFITS, REVENUE, DATA, OR DATA USE, OR DAMAGE TO BUSINESS) HOWEVER CAUSED, WHETHER BY BREACH OF WARRANTY, BREACH OF CONTRACT, IN TORT (INCLUDING NEGLIGENCE) OR ANY OTHER LEGAL OR EQUITABLE CAUSE OF ACTION EVEN PREVIOUSLY ADVISED OF SUCH DAMAGES IN ADVANCE OR IF SUCH DAMAGES WERE FORESEEABLE, AND COMPANY SHALL ONLY BE LIABLE FOR DIRECT DAMAGES CAUSED BY ITS GROSS NEGLIGENCE. IN NO EVENT WILL COMPANY’S TOTAL AGGREGATE LIABILITY ARISING FROM OR RELATING TO THIS AGREEMENT EXCEED ONE HUNDRED EURO (€ 100.00).

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### 14. EXPORT COMPLIANCE
The Software may be subject to export laws and regulations of the European Union, the United States and other jurisdictions. Farmer represents that it is not named on any E.U. or U.S. government denied-party list. Farmer shall not access or use the Software or the ThreeFold_Grid in a E.U. or U.S.-embargoed or any sanctioned country or region or in violation of any E.U. or U.S. export law or regulation. Farmer shall not use the ThreeFold_Grid to export, re-export, transfer, or make available, whether directly or indirectly, any regulated item or information to anyone outside the E.U. or U.S. in connection with this Agreement without first complying with all export control laws and regulations that may be imposed by the European Union, any EU country or the U.S. Government and any country or organization of nations within whose jurisdiction Farmer operates or does business.

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### 15. ENTIRE AGREEMENT,SEVERABILITY, WAIVER
1. This Agreement sets forth the complete and final agreement of the parties concerning the subject matter hereof, and supersedes, replaces all prior agreements, written and oral, between them concerning the subject matter hereof. If a term of this Agreement to be invalid or unenforceable, the remaining provisions will continue in full force and effect. A party’s consent to, or waiver of, enforcement of this Agreement on one occasion will not be deemed a waiver of any other provision or such provision on any other occasion.
2. We reserve the right to change this Agreement from time to time in our sole discretion. If we make material changes to this Agreement, we will provide notice of such changes, such as by posting the revised Farmer Terms and Conditions to the Software and on our Websites. By continuing to access or use the Software or otherwise participate in the ThreeFold_Grid after the posted effective date of modifications to this Agreement, you agree to be bound by the revised version of this Agreement. If you do not agree to the modified Agreement, you must stop interacting with the ThreeFold_Grid and disconnect all your 3Node.
3. The parties are independent contractors. No agency, partnership, franchise, joint venture, or employment relationship is intended or created by this Agreement. Neither party has the power or authority to create or assume any obligation, or make any representations or warranties, on behalf of the other party.
4. The Farmer agrees that the Company may transfer and assign the Agreement in its sole discretion, provided a notice of such assignment is sent to the Farmer within fifteen days of such assignment.
5. Notices to Company made under this Agreement shall be made by email to legal@threefold.io AND in writing and delivered by registered mail (return receipt requested) or nationally-recognized overnight courier service to ThreeFold_Dubai, with registered office at BA1120 DMCC BUSINESS CENTRE, LEVEL NO 1, JEWELLERY & GEMPLEX 3, DUBAI, UNITED EMIRATES ARAB, attention Legal Department. You agree to receive electronically all communications, agreements, documents, notices, and disclosures that we provide in connection with the Software and/or the ThreeFold_Grid ("**Communications**"). We may provide Communications in a variety of ways, including by e-mail, text, in-app notifications, or by posting them on our websites. You agree that all Communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

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### 16. GOVERNING LAW AND VENUE
This Agreement will be governed by Luxembourg law. Any disputes shall be subject to the jurisdiction of the courts of Luxembourg, Grand Duchy of Luxembourg.

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