Legal Status Statement of AXYC Token

This document formally outlines the legal status and classification of the AXYC token issued by the AXYC: AI Pets Ecosystem project. It is intended to provide regulatory clarity and confirm that the AXYC token does not constitute a security, investment instrument, or financial product under relevant global regulations, including but not limited to:

• U.S. Securities Act of 1933 (and interpretations by the SEC);
• Howey Test (SEC v. W.J. Howey Co., 328 U.S. 293, 1946);
• Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114;
• Financial Services and Markets Act 2000 (UK);
• Swiss FINMA ICO Guidelines (2018, 2019 updates).

AXYC is a utility token that enables interaction with the digital products and services offered within the AXYC ecosystem. It is designed for in-game and platform-related functionalities and is not intended for speculative investment or financial gain.

Use cases include, but are not limited to:

• Activating and evolving AI-powered digital pets;
• Accessing in-game mechanics such as training, customization, and item usage;
• Interacting with NFTs and in-platform assets;
• Participating in gameplay-based reward systems and community events;
• Unlocking premium gameplay features or cosmetic upgrades.

The AXYC token is a non-financial, utility-only digital asset:

• Activation and care of AI-based digital pets;
• Access to platform features and in-game mechanics;
• Purchase and customization of in-game digital items (e.g., NFTs);
• Participation in gameplay progression, engagement loops, and community challenges;
• Optional use in reward mechanisms based on user actions within the game environment.

No element of the AXYC token provides any equity, debt, governance, or economic rights in any entity, protocol, or project team.

AXYC shall not be considered or interpreted as:

• A security or financial instrument under applicable laws in the United States (Securities Act of 1933), the European Union (MiFID II / MiCA), the United Kingdom (FCA), Switzerland (FINMA), or any other jurisdiction;
• A share, equity, or ownership right in any legal entity or project team;
• An investment contract or an asset with a profit expectation (per the Howey Test or similar legal standards);
• A loan, bond, note, debt instrument, or promise of future returns;
• A governance token or a mechanism for exercising voting rights;
• A means of deriving dividends, interest, or participation in revenue sharing.

The AXYC token is not intended for investment purposes and does not confer any rights to future profit, revenue, ownership, or control. The project does not promote the token as a store of value, hedge, or financial yield opportunity.

AXYC does not guarantee any increase in value, and there is no expectation of profit from the efforts of others. The token exists purely as a functional access tool within the defined scope of the AXYC digital platform.

All users and participants must:

• Ensure that their interaction with the AXYC token complies with the laws of their own jurisdiction;
• Acknowledge that they are engaging with the platform and its token voluntarily, without coercion or guarantees;
• Understand that the project team assumes no responsibility for any secondary market behavior, speculation, or misuse of the token outside of its intended scope.

The AXYC token is a non-financial digital asset intended for use within the AXYC AI Pets Ecosystem. Any interpretations suggesting otherwise are incorrect and not endorsed by the project team.

Contact Information: info@axyc.ai