Legal & Compliance
Utility first, not an investment. Clear rules on KYC/AML, data, jurisdictions, and risk.
YAP is built for learning utility. This section explains how we operate within common legal and compliance standards. It is not legal advice.
1) Not an offer, not an investment
No securities claim. YAP is a consumptive token used inside the app for access to lessons, AI time, events, and credentials. It does not grant profit rights, dividends, or ownership.
No solicitation. This whitepaper does not offer or sell any security or financial instrument.
No promises. We do not guarantee token price, liquidity, or future value.
Forward-looking statements. Plans and timelines can change. We will publish updates if they do.
2) Eligibility and KYC/AML
Age. You must be at least 13. Some regions and higher verification tiers require 18.
Identity checks. Higher earning caps require phone verification or government ID with liveness.
Sanctions. We block users in sanctioned or embargoed jurisdictions and users on watchlists.
Purpose. KYC/AML is used to deter fraud and meet legal duties. Vendors are vetted.
Records. We keep only what is required by law and our risk policy, then delete on schedule.
3) Jurisdiction and dispute resolution
Entity. YAP Technologies Inc. is a U.S. Delaware corporation.
Governing law. Delaware law governs our terms unless local law requires otherwise.
Disputes. We prefer arbitration for speed and cost. Details live in the Terms of Service.
Local rules. If your country restricts token use, you are responsible for complying.
4) Data protection and privacy
Minimize. We collect the least data needed to run the product and fight abuse.
Separate. We store personal data apart from learning data with strict access paths.
Encrypt. Data is encrypted in transit and at rest. Keys live in a managed KMS.
Retention. Raw audio is short-lived. Derived features and completion proofs persist per policy.
Rights. GDPR and CCPA requests are supported, including access and deletion.
Vendors. Processors sign data-processing agreements and are listed in our privacy policy.
5) Token use, transfers, and fees
Utility only. Tokens are for in-app features. They are not legal tender.
Transfer lock. Newly earned tokens have a short off-app transfer lock. In-app spend works immediately.
Gas. We cover network fees for in-app actions. Third-party transfers or trades may carry their own fees.
Taxes. You are responsible for any tax reporting or payments in your jurisdiction.
6) Market conduct
No market making promises. The treasury may support orderly markets within a disclosed policy.
No wash trading. We do not run or reward artificial volume.
Listings. Any exchange or pool listing is disclosed with addresses. We do not guarantee access to any venue.
7) Smart-contract controls and audits
Fixed supply post-launch. No public mint after TGE.
Spend rule on chain. Every in-app spend splits 50 percent burn and 50 percent treasury.
Upgrades. Timelocked and multisig-controlled. Emergency scopes are narrow and time-boxed.
Audits. Independent audits are published. Bug bounty runs at token launch.
8) Acceptable use and enforcement
No abuse. Bots, multi-account farming, or data tampering can trigger limits or account actions.
Fair notice. We provide clear reasons and an appeal path when feasible.
IP. You may not copy or misuse our content, trademarks, or software.
9) Changes and disclosures
Public changelog. We document material changes to rewards, caps, sinks, or governance.
Parameters table. We maintain a list of tunable parameters with max single-step adjustments.
Notice period. Non-urgent changes queue with advance notice through on-chain and web updates.
10) Contact and reporting
Compliance contact. A dedicated email for KYC/AML and data requests is listed in our policy page.
Security reports. Coordinated disclosure is welcomed. We publish resolved incidents and fixes.
Bottom line: YAP is a utility token for learning. We verify users where needed, protect data, publish changes, and keep the core economic rules on chain so the public can verify them.
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