User

Eligible to participate in AXC permissionless products (classified as distributed assets under the RWA.xyz framework).

A user may be a natural person, a legal entity, or a smart contract wallet with no legal personhood. Token holders are not required to complete AML/KYC or wallet address whitelisting. However, all on-chain wallets must pass BlockSec Phalcon’s KYT (Know Your Transaction) and KYA (Know Your Address) compliance checks before being approved to hold or receive tokens.

The legal relationship between the token holder and the issuer is governed by the General Terms and Conditions and applicable laws, with limited legal recourse. There is no trust, fiduciary, or beneficial ownership relationship between the user and the token issuer. Users gain indirect economic exposure to the performance of the underlying assets.

The token issuer undertakes to deploy funds into the specified underlying investments. Tokenholder rights are analogous to those of a structured product investor or a limited partner in a fund including entitlement to a pro-rata share of underlying assets in the event of liquidation. The token issuer remains subject to applicable anti-fraud and anti-scam laws.

Tokens carry no restrictions on transferability and no right of conversion against the issuer. Users deposit and withdraw cryptocurrencies in exchange for tokens.