Last Updated: September 8, 2026
THE SERVICES INCLUDE A SUITE OF EXPERIMENTAL BLOCKCHAIN-ORIENTED FUNCTIONALITIES. USING THESE FUNCTIONALITIES (INCLUDING VIA THE INTERFACE ON OUR WEBSITE) POSES SIGNIFICANT RISKS TO YOU AND YOUR ONLINE ASSETS. THIS DOCUMENT CONTAINS VERY IMPORTANT INFORMATION REGARDING THESE RISKS AND YOUR RIGHTS AND OBLIGATIONS, AS WELL AS CONDITIONS, LIMITATIONS, AND EXCLUSIONS THAT MIGHT APPLY TO YOU AND YOUR RIGHTS. PLEASE READ IT CAREFULLY.
THESE TERMS REQUIRE THE USE OF ARBITRATION ON AN INDIVIDUAL BASIS TO RESOLVE DISPUTES RATHER THAN JURY TRIALS OR CLASS ACTIONS.
BY USING THE WEBSITE OR OUR SERVICES, OR BY ACQUIRING, HOLDING, TRANSFERRING, OR TRANSACTING IN ANY TOKEN ISSUED BY OR IN CONNECTION WITH US, HOWEVER AND FROM WHOMEVER ACQUIRED, YOU ACCEPT AND AGREE TO BE LEGALLY BOUND BY THESE TERMS AND CONDITIONS.
YOU MAY NOT USE OUR WEBSITE OR SERVICES IF YOU: (A) DO NOT AGREE TO THESE TERMS; (B) ARE NOT THE OLDER OF (i) AT LEAST EIGHTEEN (18) YEARS OF AGE; OR (ii) LEGAL AGE TO FORM A BINDING CONTRACT; OR (C) ARE PROHIBITED FROM ACCESSING OR USING THIS WEBSITE OR ANY OF THIS WEBSITE’S FUNCTIONALITIES BY THESE TERMS OR BY APPLICABLE LAW.
These terms of service are entered into by and between you (“you” or the “User”) and PreStocks (“PreStocks,” “we,” “our,” or “us”). PreStocks is a distributed network of contributors located around the world who collaborate primarily through digital means. The following terms and conditions, together with any documents they expressly incorporate by reference (collectively, these “Terms of Service” or “Terms” or this “Agreement”), govern your access to and use of prestocks.com and its sub-pages, sub-domains, and integrations (collectively, the “Website”), as well as your acquisition, holding, and/or use of any Pre-IPO Tokens or other tokens issued by PreStocks, and your use of any products or services of, relating to, or affiliated with PreStocks.
The User must read these Terms of Service carefully before using the Services (as defined below). By accessing or using the Services, whether or not the Protocol is accessed through the Website, the User accepts and agrees to be bound and abide by these Terms of Service and all documents incorporated herein by reference. If the User does not want to agree to these Terms of Service or any documents that are incorporated herein by reference, the User must not access the Website or use the Services.
The Website is offered and available to users who are eighteen (18) years of age or older. By using this Website, the User represents and warrants that the User is at least the higher of legal age to form a binding contract with PreStocks in the User’s applicable jurisdiction or 18 years of age and meets all of the foregoing eligibility requirements. Further, by using this Website, the User represents and warrants that the User is not a citizen or resident of, nor is located in, any country where the use of the Website is illegal or impermissible, whether by rule, statute, regulation, bylaw, court adjudication or order, protocol, administrative statement, code, decree, or other directive, requirement or guideline, whether applicable on PreStocks, the Website, the Protocol (as defined herein), or on the User (or any combination of the foregoing) by an authority with valid and enforceable jurisdiction (“Applicable Laws”). If you do not meet all of these requirements, you must not access or use the Website.
PreStocks's services (the “Services”) include the Website, blockchain-enforced smart contracts (the "Protocol"), and all of our other properties, content, tools, documentation, features, functionality, tokens, products, and services. Your use of the Services is subject to this Terms of Service as well as our Privacy Policy. Participants (“Participants”) are defined as those who access or use the Services.
PreStocks, its affiliates, and associated parties have no ability to control, modify, prevent, stop, amend, or adjust interactions or transactions after they are submitted to the Protocol, whether or not through the Website. The Website is not the only method that individuals or parties may interact with, contribute to, access, or otherwise affect the Protocol. You understand and acknowledge that any Protocol parameter values, including those relating to token rewards, are subject to change by PreStocks at any time, and that all fees are subject to change as described in Fees. You understand that some PreStocks smart contracts may be upgradeable or modifiable after deployment and the risks this introduces. You understand that PreStocks smart contracts are not guaranteed to be audited or tested and the risks this introduces. You are expected to be familiar with the Protocol and the risks it represents (including without limitation the possibility of your crypto-assets being forfeited according to the Protocol’s rules or being lost for any other reason) before accessing it (whether accessed via the Website or otherwise). YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OR INTERACTION WITH THE PROTOCOL IS AT YOUR OWN RISK AND PRESTOCKS WAIVES ALL LIABILITY OR RESPONSIBILITY, AND MAKES NO WARRANTIES, RELATED TO THE PROTOCOL, WHETHER OR NOT THE PROTOCOL IS ACCESSED VIA THE WEBSITE.
Different components of the Services — including but not limited to the issuance, administration, custody, holding, valuation, distribution, listing, market-making, settlement, payment, on- and off-ramp, screening, and support functions, and the arrangements through which any exposure referenced by a token is sourced, acquired, held, or realized — may be operated, performed, or provided by different legal entities in different jurisdictions, including affiliates, subsidiaries, special purpose vehicles, nominees, custodians, service providers, counterparties, and unaffiliated third parties. The entity that contracts with you, issues or administers any token, holds any exposure, or performs any part of the Services may differ between products, tokens, jurisdictions, and points in time, and may be added, removed, substituted, restructured, or replaced at any time without notice to you. Not all such entities, counterparties, and arrangements are or will be publicly identified, and we are under no obligation to identify them, to disclose the identity of or our relationship with any of them, or to notify you of any change. References in these Terms to “PreStocks,” “we,” “our,” or “us” include, as the context requires, each legal entity that performs any part of the Services — including but not limited to any affiliate, subsidiary, special purpose vehicle, nominee, custodian, service provider, counterparty, or unaffiliated third party — and every disclaimer, limitation, exclusion, release, waiver, and indemnity in these Terms operates for the benefit of, and may be relied on and enforced by, each of them.
For further information regarding blockchain technology, crypto-assets, and the associated risks, see Risk Factors.
Pre-IPO Tokens (branded as “PreStocks”; in this Section, “Tokens”) are bearer digital tokens that reference economic exposure to designated pre-IPO companies. A Token name or symbol is used for identification and is purely descriptive. It must not be construed as indicating partnership, affiliation, endorsement, sponsorship, or issuance by the referenced company, or as conferring any status as a shareholder, member, partner, beneficiary, or creditor of that company or of any person that holds exposure to it. Token prices may loosely reflect a price per share or other reference value associated with the referenced company, and may also trade at prices that differ, including materially, from prices observed in other markets or from any valuation of the exposure that collateralizes them.
Additional Tokens may be added into circulation from time to time corresponding to additional exposure that has been acquired, arranged, committed, or otherwise obtained in respect of the referenced company, or that we reasonably expect to be acquired, arranged, committed, or obtained in the ordinary course of sourcing and settling that exposure. The quantity of Tokens added is determined by us by reference to the nature, amount, terms, and economic substance of the relevant exposure, and not by any single formula, in a manner we consider commercially reasonable having regard to the notional, strike, conversion, coverage, collateral, or other terms of the relevant arrangement, any applicable haircut, discount, or contingency, and any other factors we consider relevant. Tokens may be added in stages as exposure is sourced, confirmed, settled, revalued, substituted, or topped up, and a corresponding addition may be withheld, delayed, reduced, or reversed where the related exposure is pending, contingent, unsettled, reduced, or not obtained. Where that exposure is or may become subject to carried interest, a promote, a performance allocation, or any similar participation in profits or proceeds (carry), we will ordinarily exclude from the mintable supply a portion of that exposure corresponding to the applicable carry percentage, so that a potential carry obligation can be covered. We may exclude less than the entire carry percentage where we consider the residual exposure to be otherwise risk-managed — including but not limited to through additional collateralization, reserves, hedges, substitution rights, or other coverage — and any determination as to whether, and to what extent, to exclude carry from the mintable supply is ours. Carry terms may themselves change, be recalculated, or prove larger than reserved, and a shortfall of that kind is an event of the kind described below.
Tokens are intended to be collateralized by corresponding economic exposure. That exposure may take any one or more forms, or a combination of forms, that we consider appropriate from time to time, including but not limited to a direct or indirect interest in one or more SPVs, funds, feeders, series, nominee, trust, or custodial arrangements; a contractual, participation, profit-sharing, forward, option, swap, or other derivative or synthetic arrangement referencing the relevant company or a proxy for it; interests in other companies, indices, or baskets; cash, stablecoins, other digital assets, or other tokens; coverage in excess of the Tokens in circulation; or any combination of these, held by us or by any affiliate, counterparty, or third party. The form, composition, location, mix, documentation, and relative proportions of that collateralization may differ between Tokens and over time, and may be changed, substituted, restructured, combined, or supplemented at any time without notice and without any obligation to notify you or any other person. A particular form or mix of collateralization is not assured to continue, because the arrangements through which exposure is held may themselves change or be affected by events. Collateralization describes the economic and operational arrangements we maintain. It does not of itself create a security interest, trust, custody relationship, or segregated, ring-fenced, or bankruptcy-remote claim, and holding Tokens does not give you any legal, equitable, beneficial, security, or proprietary interest in, or claim over, any collateralizing asset, arrangement, or proceeds, except to the extent these Terms expressly provide otherwise.
The amount, timing, and composition of collateralizing exposure may vary in the ordinary course, including but not limited to while exposure is being sourced, settled, documented, converted, rebalanced, or replaced, while funds, assets, or Tokens are in transit, or pending an attestation or corporate action. Circumstances affecting an SPV or any other person through whom exposure is held or realized — including but not limited to delay, blockage, write-down, fraud, default, insolvency, defective title, refused consent, seizure, sanctions, or other failure or loss — may also affect the exposure available in respect of a Token. In any such case the circulating or maximum mintable supply of the affected Token is not automatically reduced, and the proceeds ultimately obtainable may be reduced or, in some circumstances, eliminated. These Terms do not constitute a guarantee, insurance policy, or underwriting of the existence, validity, sufficiency, recoverability, or continued availability of any collateralizing exposure. To the fullest extent permitted by law, we have no liability to you or any other person for any such event or for any loss resulting from it.
We may, but are under no obligation to, respond to any such event, including by adding, substituting, topping up, or increasing collateralizing exposure from our own or other resources; acquiring replacement or alternative exposure in the same or a different form or combination of forms; pursuing recovery, restitution, insurance, or claims against any responsible person; compromising, settling, abandoning, or declining to pursue any claim; adjusting the manner in which value may be realized; or migrating, converting, or discontinuing the affected Token. Any such decision is ours alone, is made in our sole and absolute discretion, may take account of operational, legal, and market circumstances and of the position of holders generally, and may be reversed or discontinued at any time. Doing any of these things on one occasion, or for one Token or holder, creates no obligation, undertaking, precedent, course of dealing, or expectation that we will do so again or in the same manner, and is not an admission of liability or responsibility. Any recovery we obtain may be applied, reserved, or otherwise dealt with as we determine having regard to the circumstances, including the position of holders generally and our own operational position. Application of recovery for the benefit of holders on one occasion does not create an obligation to do so again. We have no obligation to notify you of any change in how Tokens are collateralized, or of any event affecting that collateralization.