Legals
Terms and Conditions of Sale (VIK drop on crypto.com / InterCellar)
These terms and conditions ("Terms") govern the sale of Non-Fungible Tokens ("NFTs") linked tophysical bottles of VIK 2018 wine, a Chilean wine from the Colchagua Valley appellation. The saleis conducted through the platform "crypto.com" (CDC) ("Platform") and involves a collaborationwith Bodega VIK ("VIK Vineyard") and InterCellar.io ("InterCellar").
1. Sale on crypto.com:
The product is an NFT, a digital twin of a 75cl physical bottle of VIK 2018 wine.The sale price is 163 USD per NFT.
Each NFT purchase includes the following benefits:
•One visit to the VIK Vineyard and wine tasting for the NFT buyer and one accompanying person(valid for 12 months from the purchase). Transportation is not included.
•One dinner or lunch with Alexander VIK for four people (four places to be drawn from allpurchasers). It covers the meeting only; transportation and accommodation are not included.Places will be drawn one month after the sale. If some purchasers cannot attend, their places willbe redrawn.
•Access to VIKVERSE:
Explore an exclusive virtual cellar in the VikVerse metaverse.
Customize your avatar and interact with other users.
Showcase your bottle and share its story.
Discover the complete collection of VIK wines in a 3D environment.
Participate in virtual wine tastings.
Interact with winemakers and experts.
•InterCellar hereby establishes a reward program, allocating a total sum of $20,000 to bedispersed among holders of NFT VIK acquired through crypto.com/nft. This sum will not be evenlydistributed amongst the 500 holders. Instead, it will be allocated to 125 distinct wallet holders,each receiving an allotment equivalent to $160 USD.
The specified reward shall be disbursed in the form of a digital token selected at the discretion ofInterCellar. The valuation of this token will be determined based on its average market priceacross various exchanges on the day of the airdrop.
The selection of beneficiaries will be conducted through a randomized drawing process,subsequent to the transfer of the NFTs on the InterCellar platform. The exact date of this draw,scheduled to commence from August 11, 2024, will be duly announced on InterCellar's platform.
It is pertinent to note that the administration and execution of this reward program are the soleresponsibilities of InterCellar, and not of Crypto.com.
2. NFT Exchange on Crypto.com and Transfer to InterCellar.io:
Pursuant to the applicable terms and conditions, it is hereby noted that Non-Fungible Tokens(NFTs) may be exchanged on the Crypto.com platform for a period of three months following theminting date (April 11th) without incurring storage fees.
Furthermore, these NFTs may be transferred to the InterCellar platform at any time during thisperiod, which extends until July 11th.
Subsequent to this three-month period, NFT holders are provided an additional one-month graceperiod to effectuate the transfer of their NFTs to InterCellar.
Following the expiration of this grace period, NFT holders will receive a final notice, granting aone-week period to complete the transfer. Should the NFT not be transferred within this final one-week period, the holder shall forfeit all rights and ownership of the NFT, which will be automatically transferred to the principal wallet of InterCellar. Concomitantly, the holder will loseall associated rights and benefits pertaining to the bottle.
3. Physical Bottle and Storage:
Each NFT corresponds to a physical bottle of wine subject to storage fees.
For the duration of your Crypto.com account (3 months), storage fees are free.
Once the NFT has been transferred to InterCellar, the user benefits from a further 3 months' free storage.
In short, the user benefits from 6 months' free storage from the date of mint on crypto.com.
Following this, the NFT holder is subject to storage fees payable directly on the InterCellar platform.
Please be advised that, in accordance with the terms and conditions, a storage fee of €1.20 per item, per annum, will be applied to each Non-Fungible Token (NFT), irrespective of whether itrepresents a single-bottle wooden case, a magnum, a six-bottle case, or a three-bottle case.
Failure to pay storage fees prohibits the user from reselling or redeeming the NFT on the platform.Storage conditions are detailed in InterCellar's terms and conditions: InterCellar Terms &Conditions
4. Shipping:
No physical bottle delivery is possible as long as the NFT is stored on crypto.com (for a period of3 months from the mint date).
Physical bottle delivery is possible once the NFT has been transferred to the InterCellarmarketplace.
VIK wine bottles linked to NFTs can be delivered to over 40 countries, with shipping feesapplicable.
Some countries may have restrictions, and buyers are responsible for any customs fees and taxesunless otherwise stated.
Details regarding shipping can be found in InterCellar's terms and conditions.
By purchasing an NFT, buyers agree to adhere to these Terms and any additional terms specifiedby Crypto.com and InterCellar.io. These Terms constitute the entire agreement between theparties regarding the sale of NFTs linked to VIK wine bottles.