HFSP Labs – Terms of Service & Terms and Conditions

For the Asic Genesis Ordinals OG Premint & Full Collection

Effective Date: 8 July 2025
Version: 1.1

1. Overview

This document outlines the legally binding terms ("Terms") applicable to all purchasers and holders (“you” or “Holder”) of the Asic Genesis Ordinals collection created by HFSP Labs Ltd. By minting, purchasing, or transferring an Asic Genesis Ordinal, you agree to be bound by these Terms.

2. Description of Service

The Asic Genesis collection consists of 4,444 unique Bitcoin Ordinals that confer access to real-time Bitcoin mining rewards. Mining operations are executed in partnership with Pyminers, a Paraguay-based operator using 100% hydroelectric energy from the Itaipu Dam.

3. Mining Service Guarantee

3.1 Minimum Term Commitment
HFSP Labs guarantees each Ordinal holder access to at least 30 months of active mining service starting from the activation date of mining for that token. The mining hash power will be provisioned via Pyminers' infrastructure.

3.2 Mining Hardware

* Mining services are powered by Bitmain s19, S21 and S23 PRO or equivalent units.

* Hash rate allocation depends on the rarity tier:

    * OG Pre Mint: 10Th/s

    * Common (10 TH/s)

    * Rare (32 TH/s)

    * Epic (120 TH/s)

    * Legendary (400 TH/s)

3.3 Real-Time Bitcoin Distribution
Holders receive BTC directly to their connected wallets based on the share of total hash rate attributed to their Ordinal(s). Distributions are made dependly on the mining treshold (2 – 5 weeks)

3.4 Post-Term Option
Upon completion of the 30-month mining period:

* Holders may upgrade to next-gen hardware (terms to be announced).

* Decline upgrade and continue holding the Ordinal as a digital collectible.

* Re-sell the Ordinal on a supported marketplace.

4. Rarity, Access, and Utility

Each Ordinal is embedded with metadata indicating its tier. Rarity tiers not only influence hash power but may also unlock:

* Priority access to future drops

* Opportunities to purchase additional mining capacity at a discount

5. Staking and Rewards Tracking

* Ordinal holders may soft-stake their NFTs via HFSP Labs' dashboard to qualify for different airdrops and points.

* Staking is tracked via off-chain snapshots. No wallet custody is required.

6. Ownership and License

6.1 Intellectual Property
You own the NFT, i.e., the digital token inscribed on the Bitcoin blockchain. However, HFSP Labs retains all rights to the artwork and technical framework, unless explicitly licensed otherwise. (to be reviewed)

6.2 Resale Rights
You may freely sell or transfer your Ordinal. The mining term and associated rights transfer with the asset.

6.3 Commercial Use
No Holder may commercialize the Ordinal (artwork or metadata) outside of HFSP Labs' ecosystem without written permission.

7. Limitations of Service

HFSP Labs will not be held liable for:

* Changes in the Bitcoin protocol or Ordinal standards.

* Interruptions caused by grid outages, regulatory enforcement, natural disasters, or war.

* Drops in BTC profitability due to difficulty adjustments or market fluctuations.

In such events, HFSP Labs may pause operations and will extend the service duration accordingly to honor the 30-month minimum.

8. Custody and Security

* HFSP Labs does not hold user assets or custodial keys.

* BTC is mined directly into the Holder’s specified address.

* It is the user’s responsibility to secure their private keys and wallet access.

9. Compliance and Regulation

* HFSP Labs Ltd. is a registered BVI company and complies with all applicable laws and KYC requirements.

* BTC mining occurs within a legal framework in Paraguay where HFSP and Pyminers operate under active energy and tax agreements.

10. Termination

HFSP Labs reserves the right to suspend services to any Holder who:

* Participates in malicious activity against the network.

* Breaches the terms herein.

* Fails to comply with required verifications or regulatory checks.

In such cases, mining services may be terminated without refund.

11. Taxes and Reporting

You are solely responsible for determining and paying any taxes that may apply to your mining rewards, Ordinal holdings, or token transactions under your jurisdiction.

12. Updates and Changes

HFSP Labs may amend these Terms periodically. Continued use or holding of the Ordinals signifies acceptance of updated Terms. Material changes will be communicated via official HFSP channels.

13. Jurisdiction and Dispute Resolution

These Terms shall be governed by the laws of the British Virgin Islands (BVI). Any disputes shall be resolved through confidential arbitration under BVI jurisdiction.

14. Contact Information

HFSP Labs Ltd.
Trinity Chambers, PO Box 4301
Road Town, Tortola, British Virgin Islands
📩 info@hfsp.xyz
🌐 hfsp.xyz