Aby Coin Terms

These Aby Coins Terms (“Coins Terms”) are supplemental terms and conditions that govern your purchase, receipt, and use of Aby Coins on the Services. These Coins Terms are expressly incorporated into, and form part of, the Terms of Service between you and Abyss AI Inc. (“Aby,” “we,” “us,” or the “Company”) (the “Terms”). Capitalized terms used but not defined in these Coins Terms have the meanings given to them in the Terms. In the event of a conflict between these Coins Terms and the Terms, these Coins Terms will control solely with respect to Aby Coins.

By purchasing, receiving, or using Aby Coins, you agree to these Coins Terms. If you do not agree, do not purchase or use Aby Coins. These Terms apply to both viewers of Aby content (“Viewers”) and creators of content posted and distributed through Aby (“Creators”).

1. What Are Aby Coins

Aby Coins (“Coins”) are a limited, revocable license to access certain features of the Services stored in your account wallet (“Wallet”). Coins are a virtual item for use within the Services only. Coins are not currency, cryptocurrency, a security, a commodity, a deposit, or any other kind of financial instrument, and no Coin has any value, monetary or otherwise, outside the Services. Coins are not property, cannot be transferred to any other person or account (except as expressly enabled by a feature of the Services), and cannot be sold, traded, gifted, pooled, or exchanged for cash outside of the Creator Cash-Out program described herein, which is itself limited as described below.

2. Obtaining Coins

Purchases

You may purchase Coins through the Services using a supported payment method processed by our third-party payment processor. Coins typically cost US$0.01 per Coin to purchase; however, pricing of Coins, including any package sizes or bundle discounts, is set by Company and may be changed at any time upon written notice. Purchases of Coins are processed in accordance with the “Payments” section of the Terms.

Free Coin Grants

Company may, in its sole discretion, grant Coins to any user at any time, including as part of signup, promotions, rewards, or customer support resolutions.

Free Coin grants are promotional in nature, are not purchased, and have no cash value. Limit of one (1) free Coin promotion per person unless otherwise stated. Company may condition, limit, reduce, or discontinue any free Coin grant program at any time.

3. Using Coins

Viewing Content

Viewing an episode on the Services typically costs one (1) Coin. A view is only counted, and a Coin only deducted, once you have watched the qualifying percentage of an episode, as determined by Company in its sole determination.

Creating Content

Generating video content through Story Studio or similar AI generation features costs Coins based on the length of the generated output, at a rate set by Company and displayed to you before generation. This rate is subject to change at any time, including increases, without prior notice, though Company will display the applicable rate to you at the time of generation.

Coins spent on generation are consumed upon initiation of a generation request and are non-refundable, including where the resulting output is unsatisfactory, incomplete, or not published, except where required by applicable law.

4. Creator Earnings from Viewership

When a qualifying view of your published content occurs, you earn 1 Coin, credited to your Wallet. Company separately assigns a payout rate per Coin, which by default is US$0.005 (half a cent) per Coin, and which Company may set differently for individual Creators in its sole discretion (your “Payout Rate”). Your current Payout Rate will be displayed in your Creator dashboard.

5. Creator Earnings from Licensing

By buying and using Coins as a Creator, you hereby grant us the right to license or sublicense content you generate through our platform for display, performance, use, and streaming on third-party platforms.

If Company licenses your content to a third party and generates licensing revenue from it, Company will allocate to your Wallet a number of Coins equal to the licensing amount attributable to you divided by the Coin purchase price in effect at the time of allocation (typically $0.01 per Coin).

Company will determine, in its reasonable discretion, the licensing amount attributable to your content, including where content, prompts, or other materials from multiple Creators or sources are combined in a single licensed work. Company may adjust the conversion methodology described in this Section from time to time, provided that any change applies only to licensing revenue allocated after the change takes effect.

6. Creator Cash-Out

Eligibility

You become eligible to request a cash-out once you have 200,000 or more Coins in your Wallet (the “Cash-Out Threshold”). Company may set or adjust the Cash-Out Threshold, including on a per-Creator basis, at any time.

Requesting a Cash-Out

Once eligible, you may submit a cash-out request through your Creator dashboard. Before releasing any payout, Company may require you to verify your identity, provide tax documentation (such as a Form W-9 or W-8BEN, as applicable), and provide valid payment details through our third-party payment processor. Company may decline or delay a cash-out request until this information is provided and verified. Cash outs will only be made to individual accounts, and not business accounts, located in the United States.

Cashed-out Coins are converted to U.S. dollars at your Payout Rate at the time the request is processed and paid out via the payment method(s) Company makes available. Company will make reasonable efforts to process eligible, verified cash-out requests within a commercially reasonable time, but does not guarantee any specific payout date. Payouts may be delayed or withheld as needed to comply with applicable law, to investigate suspected fraud or abuse, or where required by our payment processor.

Taxes and Fees

You are solely responsible for determining and paying any taxes owed on amounts paid to you. Company may report payouts to tax authorities as required by law and may withhold amounts required to be withheld. Our payment processor may charge transfer or currency conversion fees, which may be deducted from your payout.

COIN AND EARNINGS BALANCES ARE NOT HELD IN TRUST OR IN A SEGREGATED ACCOUNT FOR YOUR BENEFIT, AND DO NOT ACCRUE INTEREST. ELIGIBILITY TO REQUEST A CASH-OUT DOES NOT GUARANTEE PAYMENT UNTIL YOUR REQUEST HAS BEEN SUBMITTED, VERIFIED, AND PROCESSED IN ACCORDANCE WITH THIS SECTION.

7. Rates, Pricing, and Program Changes

Company reserves the right to adjust, at any time and without prior notice unless otherwise required by law: Coin purchase pricing and packages; Payout Rates, including on a per-Creator basis; the Coin cost of generating content; the Cash-Out Threshold; the licensing-revenue conversion methodology described above; and any rules governing the expiration or forfeiture of Coins. Changes apply prospectively and do not retroactively alter Coins already spent, earned, cashed out, or expired prior to the change.

8. Coin Expiration and Forfeiture

Company may adopt rules under which unused Coins expire after a period of inactivity or after a fixed term from issuance. If Company adopts such rules, they will be posted on the Services or otherwise communicated to you. Unused Coins, and any earned but uncashed-out balances, may also be forfeited if your account is suspended or terminated for violation of the Terms, or if you close your account, in each case to the extent permitted by applicable law.

9. No Refunds

Except as required by applicable law or as otherwise expressly stated herein, all Coin purchases are final and non-refundable, including where Coins are unused, where content generated using Coins does not meet your expectations, or where your account is suspended or terminated.

10. Company Discretion and Errors

Company may, in its sole discretion, correct any error in the crediting, debiting, or display of Coins or Creator earnings, including by adjusting a user’s balance to reflect the correct amount. Company may also withhold, reverse, or adjust Coins or earnings, including previously cashed-out amounts via chargeback, offset, or a request for repayment, where obtained through fraud, abuse, exploitation of a bug, or violation of the Terms. You acknowledge that you are not entitled to audit or review the Company’s books and/or records to determine how Coins are allocated, credited, or debited.

11. Relationship to the Terms

These Coins Terms are supplemental to, and incorporated by reference into, the Terms. All provisions of the Terms not modified herein continue to apply to your purchase and use of Coins, including without limitation the provisions governing payments, disclaimers of warranties, limitation of liability, indemnification, and arbitration and dispute resolution. Company may modify these Coins Terms in the same manner as the Terms; continued use of Coins after a change to these Coins Terms constitutes your acceptance of the change.

Questions

Questions about Aby Coins can be directed to contact@getabyss.com.