$KASU Kingship Token Airdrop Promotion Terms & Conditions

1. Eligibility

• Participation in the KASU Kingship Token Airdrop Promotion ("Promotion") is open to individuals and entities who meet the lending requirements outlined below and comply with these Terms and Conditions ("Participants").

• Participants must be at least 18 years old and not reside in jurisdictions where participation in this Promotion is prohibited by law.

• Participants must hold a compatible wallet capable of receiving KASU tokens at the time of the airdrop.

1. Promotion Details

• Participants will receive 50 USDC worth of KASU tokens ("Airdrop Tokens") at the launch price for every 5,000 USDC of lending through Kasu, subject to the following: (i) The reference to “every 5,000 USDC of lending” means that a Participant must have a total of 5,000 USDC (and/or increments of 5,000 USDC) of accepted Lending Requests within a single epoch to qualify for the Airdrop.

  (ii) Loans must be active and held for a minimum of 90 days following the accepted Lending Request(s) to qualify.

  (iii) Any withdrawal that reduces a Participant’s accepted Lending Request(s) within a single epoch below an increment of 5,000 USCD will negatively impact eligibility. For the purposes of this calculation, reductions will be notionally applied on a Last-In-First Out (LIFO) basis.

• For accepted Lending Requests that occur prior to the KASU Token Generation Event (TGE), the Airdrop is anticipated to take place 90 days post-TGE.

• For accepted Lending Requests that occur post-TGE (if the Promotion is still in place), the Airdrop is anticipated to take place 90 days after the accepted Lending Request(s).

• Airdrop Tokens to be distributed to Participants’ wallets, subject to Kasu’s discretion and operational timelines.

• Subject to a maximum amount of 10,000 USDC worth of Kasu tokens, Participants will also go into a draw for one Participant to win KASU tokens equivalent to 5% of total combined eligible loans deployed by Lenders. For example, if the total combined eligible loans associated with the Promotion is 100,000 USDC, one Participant will win 5% of this amount, being 5,000 USDC worth of KASU tokens. The amount is capped at 10,000 USDC worth of KASU tokens. The KASU tokens will be Airdropped 90 days after the winner is confirmed.

1. Participation Requirements

• Lending must be completed through the official Kasu platform or smart contracts as specified by Kasu.

• Kasu reserves the right to verify the legitimacy of all lending transactions and disqualify any Participant suspected of fraudulent activity, including but not limited to wash trading, spoofing, or manipulation.

• Participants are responsible for ensuring their wallet addresses are correct and accessible. Kasu is not liable for lost or undeliverable Airdrop Tokens due to incorrect wallet information.

1. Token Valuation and Distribution

• The number of 50 USDC worth of KASU tokens will be determined based on the launch price of KASU tokens at the TGE, as set by Kasu.

• Kasu reserves the right to adjust the quantity of KASU tokens distributed to reflect the 50 USDC value if the token price fluctuates prior to distribution.

• Distribution timelines are estimates and may be delayed due to technical, operational, or regulatory reasons. Kasu will not be liable for delays in token distribution.

1. Modification or Termination

• Kasu reserves the right to modify, suspend, or terminate the Promotion at its discretion at any time, with or without notice, for any reason, including but not limited to security issues, regulatory changes, or unforeseen circumstances.

• In the event of termination, Participants will not be entitled to any compensation or Airdrop Tokens for loans made prior to the termination date unless otherwise specified by Kasu.

1. No Guarantee of Value

• Kasu makes no representations or warranties regarding the future value, utility, or marketability of KASU tokens. Participants acknowledge that token values are subject to market risks and volatility.

• The Promotion does not constitute an offer to sell securities or an investment contract.

1. Liability Limitation

• Kasu is not liable for any losses, damages, or costs incurred by Participants arising from participation in the Promotion, including but not limited to technical failures, blockchain network issues, or wallet security breaches.

• Participation is at the Participant’s own risk, and Kasu disclaims liability for any direct, indirect, incidental, special, consequential, or other damages.

1. Taxes and Compliance

• Participants are solely responsible for determining and fulfilling any tax obligations related to receiving Airdrop Tokens under applicable laws in their jurisdiction.

• Kasu may require Participants to provide additional information (e.g., KYC details) to comply with regulatory requirements, and failure to provide such information may result in disqualification.

1. Force Majeure

• Kasu is not responsible for failure to perform obligations under this Promotion due to events beyond its reasonable control, including but not limited to network failures, hacks, government actions, or natural disasters.

1. Governing Law

• These Terms and Conditions are governed by the laws of the Cayman Islands.

1. Acceptance of Terms

• By participating in the Promotion, Participants agree to be bound by these Terms and Conditions and any additional rules communicated by Kasu.

• Kasu’s interpretation of these Terms and Conditions is final and binding