Token Sale Fee

While the generation of Star Tokens is free of charge, the initial sale of Star Tokens to a User on the Application may be subject to a fee that must be paid by the Issuer to the Company.

The Token Sale Fee will not be charged to the Issuer directly. Instead, the Issuer will covenant in the Fyooz Issuer Terms that he will use a pre-defined percentage of the proceeds from the Star Token Sale to purchase Fyooz Coins from the Company.

If the Token Sale Fee is not paid to the Company within the applicable payment period, the Company will reserve its right to remove the respective Star Token from the Application. The removal of a Star Token will only have an impact on the Application level, which means that removed Star Tokens will continue to exist on the blockchain.