Last updated: 1 September 2026
PLEASE READ THESE TERMS CAREFULLY. BY JOINING THE PROGRAM, COMPLETING ANY PROGRAM ACTION, EARNING OR HOLDING MARKS, ENTERING ANY CAMPAIGN, OR REFERRING ANY PERSON TO THE PROGRAM, YOU AGREE TO BE BOUND BY THESE TERMS AND BY ANY ADDITIONAL TERMS INCORPORATED BY REFERENCE. IF YOU DO NOT AGREE, YOU MAY NOT TAKE PART IN THE PROGRAM. THESE TERMS CONTAIN IMPORTANT LIMITATIONS ON OUR LIABILITY AND ON YOUR RIGHTS, INCLUDING THAT MARKS HAVE NO MONETARY VALUE, THAT MARKS EXPIRE, THAT WE MAY CHANGE OR END THE PROGRAM AT ANY TIME, AND THAT THE PROGRAM IS NOT OPEN TO PERSONS IN THE UNITED STATES OR IN ANY OTHER RESTRICTED JURISDICTION.
These Points Program Terms (“Terms”) govern your participation in the 2Factor points program (the “Program”), operated by Fragments Inc. (“2Factor”, “the Company”, “we”, “us” or “our”), a company registered in Delaware with its registered office at 1647 W. Temple Ave #309, Los Angeles CA 90026. The Program is offered at our sole discretion. The Program is not offered to, and may not be used by, any person who is located in or resident of the United States or any other Restricted Jurisdiction (as defined in section 2), and is void wherever otherwise prohibited or restricted by law.
By joining the Program, completing any Program action, earning or holding Marks, entering any Campaign, or referring anyone to the Program, you agree to these Terms. If you do not agree, do not take part in the Program. By taking any Program action you confirm, each time you do so, that you meet the eligibility requirements in section 2.
These Terms apply in addition to our Terms of Service at https://points.2factor.finance/terms and any other terms that govern our website and community (together, the “General Terms”). Our Privacy Policy at https://points.2factor.finance/privacy explains how we handle your personal data in connection with the Program. Where these Terms conflict with the General Terms, these Terms govern your participation in the Program. Capitalized terms used but not defined in these Terms have the meaning given to them in the General Terms.
To take part in the Program you must:
“Restricted Jurisdiction” means each of the following, as updated by us from time to time:
We may add or remove jurisdictions at any time, and any change takes effect when we post it.
We may exclude residents of, or persons located in, certain jurisdictions from all or part of the Program at our discretion, including where participation could raise legal or regulatory concerns. It is your responsibility to make sure that taking part in the Program is lawful for you.
You represent and warrant, each time you take any Program action, that you are not located in, resident of, or organized under the laws of a Restricted Jurisdiction, that you are not a Sanctioned Person, and that you are not acting for or on behalf of any such person. The Program and each Campaign are void in every Restricted Jurisdiction and wherever otherwise prohibited or restricted by law.
The following persons and entities (each an “Ineligible Person”) may not take part in the Program, earn or hold Marks, or enter, participate in, or win any Campaign:
Any entry, Marks balance, referral or prize associated with an Ineligible Person is void. We may require any potential winner to confirm in writing that they are not an Ineligible Person before a prize is released. If we determine after a prize is awarded that the recipient was an Ineligible Person, we may withdraw the prize, reclaim it, and select an alternate winner.
All participants take part in the Program and in any Campaign on the same published terms. No participant receives preferential point values, multipliers, odds, entry weighting, or prize eligibility by reason of any relationship with us, our affiliates, our investors, or our partners.
Where we work with third party projects, communities, exchanges, or ambassadors to promote the Program or a Campaign, each does so on the same terms as every other such partner. No partner receives preferential placement, allocation, reserved entries, guaranteed outcomes, or any advantage in any Campaign, and no partner has any right to influence or direct the selection of any winner.
No employee, officer, director, contractor or partner of the Company may influence the selection of a winner outside the selection method published in the applicable Campaign Rules.
We may take any step we consider appropriate to confirm eligibility and to keep the Program lawful, including geo-blocking or otherwise restricting access from any Restricted Jurisdiction, screening IP addresses, device data, and any wallet address you connect against sanctions and other risk lists, and requiring you to confirm your eligibility, identity, age, and place of residence. We may suspend or end your participation, void your Marks and Campaign entries, and withhold any prize where we reasonably believe that you are an Ineligible Person, that you are located in or resident of a Restricted Jurisdiction, that you are a Sanctioned Person, or that you have given false or misleading information about your location or identity.
“Marks” are points we may award to recognize participation in the Program. Marks are a way for us to track and acknowledge engagement with the 2Factor community and products.
You agree and understand that:
Marks are recorded by us for internal Program purposes only. Your Marks balance is an administrative record and does not create any obligation on us to provide anything of value in return. We may adjust, correct, or reverse any Marks balance at any time, including retrospectively, to correct an error or to address abuse.
Marks expire and are automatically forfeited on the earlier of (a) the date falling twenty-four (24) months after the date they are earned and (b) the date falling twelve (12) months after your most recent qualifying Program action, unless we state otherwise in writing. Where Marks are used, they are used on a first-earned, first-used basis. Expired Marks cannot be reinstated, and because Marks have no value you will have no claim against us in respect of any expired or forfeited Marks.
You acknowledge and agree that:
This section does not apply to a prize that has been awarded to a verified winner under published Campaign Rules, which is dealt with in section 5.1.
We may award Marks for actions such as joining the community, completing quizzes or educational tasks, referring others, and other activities we choose to recognize. Actions, point values, tiers, multipliers, seasons, and any other mechanics of the Program are set by us and may change at any time.
Any specific point values, multipliers, tier thresholds, or mechanics we publish are indicative and may be changed, corrected, or withdrawn. Where our published figures and our internal records differ, our internal records govern. We may correct errors in balances, tiers, or multipliers at any time.
You may be able to view your Marks balance and qualifying actions through the Program interface at https://points.2factor.finance. Any balance shown may be delayed, estimated, or incomplete and is provided for information only.
There is no fee to take part in the Program. You are responsible for all costs you incur in taking part, including internet access, data, device, and any network or transaction fees.
From time to time we may run promotions, prize draws or competitions in connection with the Program, including promotions where the prize is a digital asset (each a “Campaign”). Each Campaign is governed by these Terms together with the Campaign-specific rules we publish for it (the “Campaign Rules”). Where the Campaign Rules and these Terms conflict, the Campaign Rules govern for that Campaign.
Campaign Rules will set out the entry period and time zone, the permitted entry methods, eligibility and excluded jurisdictions, the method by which the winner is selected, the prize and its approximate value, the claim process and claim deadline, and any verification requirements. Each Campaign is void in every Restricted Jurisdiction and wherever otherwise prohibited or restricted by law, and we may exclude further jurisdictions in the Campaign Rules.
Unless the Campaign Rules state otherwise, one entry is permitted per person, and the odds of winning depend on the number of eligible entries received. A prize is personal to the winner, is not transferable or exchangeable, and has no cash alternative. We may substitute a prize of equal or greater value where the advertised prize becomes unavailable. Where lawful, we may require a winner to agree to the use of their first name and country in connection with the Campaign as a condition of the prize.
No purchase, payment, deposit, or holding of any product or digital asset is necessary to enter or to win any Campaign. Purchasing, depositing, holding or transacting will not improve your chance of winning.
Before any prize is released we may require a winner to verify identity, age and place of residence, to complete sanctions screening and any anti-money-laundering or know-your-customer checks we consider necessary, and to sign a declaration of eligibility and, where lawful, a release. We may withhold, cancel or reallocate a prize where a winner does not complete these steps within the time we specify, cannot be contacted, is an Ineligible Person, or where payment of the prize would be unlawful.
Where a prize has been awarded to a verified winner under published Campaign Rules, we will pay that prize in accordance with those rules, subject to the eligibility and verification requirements in this section.
We may from time to time, at our discretion, offer participants the opportunity to earn additional Marks or other benefits through special offers, challenges, bonuses, quests, or other promotions. The terms of any special offer are set by us and will be communicated with the offer. Those terms may differ from or add to these Terms, and you should read them before taking part.
We are not responsible for any problem or technical malfunction of any network, blockchain, online system, server, provider, wallet, computer equipment, software, or messaging platform, or for any congestion, outage, chain reorganization, or indexing or oracle failure, including any resulting error in calculating qualifying actions or Marks, any delay to or loss of entries, or any damage to your device. If for any reason the Program or a Campaign is not capable of running as planned, including because of error, virus, bug, tampering, unauthorized intervention, fraud, technical failure, or any other cause beyond our reasonable control that affects the administration, security, fairness, integrity, or proper conduct of the Program or a Campaign, we may cancel, terminate, modify, or suspend it, or otherwise respond as we consider appropriate.
Except where applicable law gives you a right that cannot be excluded, our determinations on eligibility, qualifying actions, Marks balances, tiers, Campaign entries, the selection of winners, and any question or dispute arising under the Program or these Terms are final and binding.
If we offer a referral mechanic, it is subject to the rules we publish and to these Terms. You must not:
We may cap referral rewards, require referred participants to complete qualifying actions, and withhold or reverse any Marks we consider to result from abuse.
You must comply with all laws and platform rules that apply to your promotional activity, including any requirement to disclose clearly that you may receive a benefit for a referral.
You must take part in the Program honestly and in good faith. You must not:
We may use on-chain and off-chain analysis, device and network data, and any other reasonable means to detect linked, duplicate, automated, or coordinated accounts and other abuse. Where we reasonably believe that accounts are linked or controlled by the same person, we may treat them as a single participant and may consolidate, adjust, or void their Marks and Campaign entries and disqualify them from any prize.
If we reasonably believe you have breached this section, we may take any action set out in section 8, including voiding your Campaign entries and disqualifying you from any prize.
You acknowledge and agree that we may, at any time and at our discretion, with or without notice:
A change may affect Marks you have already earned. Unless we state otherwise, a change takes effect when we post it, and you waive any right you may have to receive specific notice of it.
We may forfeit some or all of your Marks and standing, and remove you from the Program, if we reasonably believe you have breached these Terms, engaged in fraud or abuse, or acted unlawfully.
Because Marks have no value, you agree that no change to, suspension of, forfeiture of, or termination of the Program or your Marks gives rise to any liability, refund, or compensation, and you will have no claim against us in respect of it.
This section applies to Marks, tiers, standing and Program mechanics. It does not permit us to withhold a prize that has been awarded to a verified winner under published Campaign Rules, which is dealt with in section 5.1.
You are solely responsible for determining and paying any taxes that apply to you in connection with the Program, any Campaign, or anything you may receive through either. We are not responsible for your tax obligations, and we may be required to report prize awards to tax or other authorities. Where a prize is awarded we may value it in US dollars as at the date of award, require you to provide tax information or documentation before the prize is released, and withhold or deduct any amount we are required by law to withhold or deduct.
Nothing in the Program or these Terms is financial, investment, legal, tax, or other professional advice. Digital assets and DeFi products involve significant risk, including the risk of total loss. You are solely responsible for your own decisions and should seek independent professional advice where appropriate.
THE VALUE OF DIGITAL ASSETS CAN CHANGE QUICKLY AND UNPREDICTABLY. THERE IS A SUBSTANTIAL RISK THAT ANY DIGITAL ASSET YOU RECEIVE, BUY, SELL, OR HOLD, INCLUDING ANY PRIZE, COULD LOSE VALUE, POSSIBLY ALL OF ITS VALUE. DIGITAL ASSETS HAVE NO INHERENT OR INTRINSIC VALUE. WE DO NOT AND CANNOT GUARANTEE THAT ANY DIGITAL ASSET WILL RETAIN ANY VALUE, AND YOU ASSUME ALL RISK ASSOCIATED WITH THE USE AND VALUE OF ANY DIGITAL ASSET.
The Program is provided on an “as is” and “as available” basis. To the fullest extent permitted by law, we exclude all warranties, express or implied, about the Program.
TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL IMPLIED WARRANTIES, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, TITLE, AND NON-INFRINGEMENT, AND ANY WARRANTY ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. WE DO NOT WARRANT THAT THE PROGRAM WILL MEET YOUR REQUIREMENTS OR THAT IT WILL BE AVAILABLE UNINTERRUPTED, SECURE, OR ERROR-FREE, OR THAT ANY INFORMATION PROVIDED THROUGH THE PROGRAM IS ACCURATE, TIMELY, TRUTHFUL, OR COMPLETE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THESE EXCLUSIONS MAY NOT APPLY TO YOU.
To the fullest extent permitted by law, we, our affiliates, and our and their directors, officers, employees, and agents will not be liable to you for any loss or damage arising out of or in connection with the Program or these Terms, including any loss relating to Marks, tiers, multipliers, rewards, or their change, forfeiture, or discontinuation. We will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive loss, or for any loss of profit, revenue, opportunity, goodwill, or data, however arising. To the fullest extent permitted by law, our total aggregate liability arising out of or in connection with the Program and these Terms will not exceed one hundred US dollars (US$100). Nothing in these Terms limits any liability that cannot be limited under applicable law.
To the fullest extent permitted by law, you agree to release, indemnify, defend, and hold harmless us, our affiliates, and our and their directors, officers, employees, contractors, and agents from and against any claim, damage, loss, liability, cost, or expense of any kind arising out of or in connection with your participation in the Program or any Campaign, your receipt or use of any Marks or prize, your breach of these Terms, or your breach of any law, including any claim relating to any condition caused by an event beyond our reasonable control and any printing or typographical error in any Program material.
We may update these Terms from time to time. The current version will always be available on our website, and the “Last updated” date will show the latest version. Your continued participation after a change takes effect means you accept the updated Terms. If you do not agree, stop taking part in the Program. Unless we state otherwise, a change is effective immediately when we post it, and you should review these Terms regularly.
If any part of these Terms cannot be enforced, the rest still applies. If we do not act immediately on a breach, we do not give up any right and may act later. You may not transfer your rights or obligations under these Terms. We may transfer ours in connection with a reorganization, financing, or sale of our business.
These Terms, together with the Campaign Rules and any special offer terms, are the entire agreement between you and us in relation to the Program and replace any earlier statement or understanding about it. No person other than you and us has any right to enforce these Terms. Headings are for convenience only. Sections 3, 4, 8, 9, 10, 11, 11.1, 13, and 14 survive the end of your participation in the Program. If these Terms are translated, the English version governs in the event of any conflict.
These Terms, and any dispute arising out of or in connection with them, the Program, or any Campaign, are governed by the laws of the British Virgin Islands, without regard to any conflict of laws rules that would apply the law of another jurisdiction. The courts of the British Virgin Islands will have exclusive jurisdiction over any such dispute. You waive any objection to those courts on the grounds of venue or inconvenient forum. To the fullest extent permitted by law, any claim must be brought in your individual capacity and not as a claimant or class member in any purported class, collective, or representative proceeding, and you and we each waive any right to a trial by jury. Nothing in this section affects any right you may have under the law of your country of residence to bring proceedings there where that right cannot be excluded by agreement.
If you have any question about the Program or these Terms, you can contact us at https://gate.2factor.finance/.