Terms of Service

Last updated: January 20, 2025

Important Notice: This is an English translation of the Terms of Service. In case of any discrepancy between the English and Japanese versions, the Japanese version shall prevail. The Japanese version is available at /ja/terms.

1. Introduction

Welcome to JIZO Mine! Please read these Terms carefully. These Terms govern your access to and use of our services, including our platform for gold production-backed digital assets, Mining Equipment NFTs, and related blockchain services (collectively referred to as the "Service"). By accessing or using the Service, including creating an account or purchasing NFTs or JIZO tokens, you agree to be bound by these Terms. If you do not agree with any part of these Terms, please discontinue use of the Services immediately.

JIZO Mine is operated by Jizo Gold Mine Co. Ltd., a company incorporated in Japan. In these terms, we will refer to ourselves as "JIZO Mine", "we", "us", or "our".

"You" means the natural person and/or entity that you represent in accepting these Terms. You represent and warrant that (i) you have full legal authority to bind yourself or such entity to these Terms; (ii) you have read and understand these Terms; and (iii) you agree to these Terms on behalf of such entity.

JIZO Mine specializes in tokenizing gold production from the Jizo Gold Mine through blockchain technology. Our platform provides JIZO tokens (total supply of 36M) backed by gold production, and Mining Equipment NFTs (limited to 10,000 pieces) that represent ownership of mining equipment and corresponding gold production rights.

2. Definitions

  • "Account Information" means information about your JIZO Mine account and information that you provide to JIZO Mine in connection with (i) the creation or administration of your account; or (ii) JIZO Mine's maintenance of your account or the Services.
  • "JIZO Token" means the platform's governance token with a fixed total supply of 36 million tokens, issued on the BSC chain (BEP-20 standard), backed by gold production from the Jizo Gold Mine.
  • "Mining Equipment NFT" means limited digital assets (10,000 total) that represent ownership of specific mining equipment and grant corresponding gold production rights.
  • "Gold Production Rights" means the rights to a portion of gold production from the Jizo Gold Mine, as represented by Mining Equipment NFTs.
  • "KYC Verification" means Know Your Customer verification, including L1 (basic) and L2 (advanced) levels required for platform participation.
  • "Customer Content" means any information, content, or materials that you submit through the Service to your JIZO Mine Account.
  • "Sensitive Personal Data" means (i) patient, medical, or other protected health information; (ii) credit, debit, bank account or other financial account numbers; (iii) social security numbers, driver's license numbers, or other government ID numbers; and (iv) special categories of personal data enumerated in applicable data protection regulations.

3. Account Registration and KYC Verification

In order to access and use the Service, you must register for a JIZO Mine Account ("Account"). You must provide and maintain accurate, current, and complete Account Information.

To ensure compliant platform operations and protect user asset security, we implement a tiered KYC verification system:

  • L1 Basic Verification: Required for purchasing Mining Equipment NFTs. Requires name, address, and phone number verification.
  • L2 Advanced Verification: Required for converting NFTs to JIZO tokens and participating in on-chain operations. Requires ID upload and facial recognition verification.

In order to open and maintain an Account, you hereby represent, warrant, and covenant that you have the legal capacity (including, without limitation, being of sufficient age) to enter into contracts under the law of the jurisdiction in which you reside.

4. Purchase of Mining Equipment NFTs and JIZO Tokens

Mining Equipment NFTs are limited to 10,000 pieces and represent ownership of specific mining equipment and corresponding gold production rights. Each NFT purchase requires completion of L1 KYC verification.

We accept the following payment methods:

  • Credit card payments (via Stripe integration, supporting major card brands)
  • Cryptocurrency payments (via Nodex Pay, supporting BTC, ETH, USDT, and other major cryptocurrencies)

NFT holders may convert their NFTs to JIZO tokens after completing L2 KYC verification. The conversion ratio is determined by NFT type and current conversion rules. After conversion, JIZO tokens will be deposited into your platform wallet.

Except as expressly stated in these Terms or as required by applicable law, all sales are final. Fees paid are non-refundable, and payment obligations are non-cancelable.

5. JIZO Token Utility and Rights

JIZO tokens provide the following utilities and rights:

  • Gold Production Backing: Each token is backed by gold production from the Jizo Gold Mine
  • Platform Governance: Participate in platform major decision voting and influence ecosystem development
  • Staking Rewards: Stake tokens to earn additional rewards and platform benefits
  • Trading & Liquidity: Trade freely on DEX and enjoy liquidity rewards

Token supply is fixed at 36 million JIZO tokens with no additional issuance. Token distribution: 40% public sale, 25% platform reserve, 15% team & advisors, 15% ecosystem incentives, 5% marketing.

6. Use Restrictions

You may use your Account and the Service only (i) for lawful purposes; and (ii) in accordance with these Terms. You will not and will not permit anyone else to:

  • Sell, sublicense, distribute, transfer, or rent the Service
  • Use the Service for any illegal activities, money laundering, or fraud
  • Attempt to manipulate token prices or engage in market manipulation
  • Provide false information during KYC verification or attempt to bypass verification processes
  • Use the Service in violation of any applicable laws or regulations
  • Create multiple accounts to circumvent platform limitations or restrictions
  • Use bots, scripts, or automated tools to access or interact with the Service

7. Mine Transparency and Blockchain Verification

JIZO Mine is committed to complete transparency through blockchain technology:

  • All mine facility information is published on-chain for verification
  • Mining licenses and permits from Nagano Prefecture and the Japanese government are published on-chain
  • Real-time mining data is published on-chain
  • The Jizo Gold Mine was discovered 92 years ago and holds legitimate mining licenses
  • Average gold content is 30 ppm/t, confirmed by international geological surveys
  • Estimated mine value is approximately $4.1 billion (~¥600 billion ore reserves)

8. Security and Data Privacy

We are committed to safeguarding your data and ensuring compliance with applicable laws and regulations. We have implemented and maintain physical, technical, and administrative security measures designed to protect the Service and Customer Content from unauthorized access, destruction, use, modification, or disclosure.

Your KYC data is protected with field-level encryption for sensitive data storage. All operations within the Service are closely monitored and recorded. Audit logs provide detailed records of all actions taken, offering you full transparency.

Your data is never used for purposes other than platform operations without your explicit consent. We respect your privacy and comply with applicable data protection regulations.

9. Risk Disclosure

By using the JIZO Mine platform, you acknowledge and accept the following risks:

  • Market Risk: The value of JIZO tokens and Mining Equipment NFTs may fluctuate based on market conditions. Past performance is not indicative of future results.
  • Mining Risk: Gold production from the Jizo Gold Mine may be affected by geological, operational, or regulatory factors.
  • Regulatory Risk: Changes in laws or regulations may affect the operation of the platform or the rights associated with tokens and NFTs.
  • Technology Risk: Blockchain technology carries inherent risks including smart contract vulnerabilities, network issues, or wallet security concerns.
  • Liquidity Risk: There may be limited liquidity for trading JIZO tokens or Mining Equipment NFTs at any given time.

You should only participate in the platform if you fully understand and can afford to bear these risks. JIZO Mine does not provide investment advice, and all decisions are made at your own risk.

10. Limitation of Liability

Except as prohibited by law, you agree to indemnify and hold harmless JIZO Mine, along with our officers, directors, employees, and agents, from any indirect, punitive, special, incidental, or consequential damages, however arising.

If liability is found on the part of JIZO Mine, it will be limited to the amount you have paid to us for the Service. Under no circumstances will we be liable for any consequential or punitive damages.

JIZO Mine is not responsible for any financial losses or damages resulting from decisions made based on information provided through our platform. Our information about the Jizo Gold Mine and related digital assets is provided for informational purposes only.

11. General

These Terms will be governed by and construed in accordance with the laws of Japan, without reference to its conflict of laws principles. All disputes arising out of or relating to these Terms will be submitted to the exclusive jurisdiction of a court of competent jurisdiction located in Tokyo, Japan.

These Terms constitute the entire agreement and understanding between the parties concerning the subject matter hereof. These Terms supersede all prior or contemporaneous discussions, proposals, and agreements between you and us relating to the subject matter hereof.

We may revise these Terms from time to time by posting a modified version of the Terms including their effective date. If we make material changes to the Terms, we will provide you with reasonable notice prior to the new Terms taking effect. By continuing to access or use the Service after the posting of any modified Terms, you agree to be bound by such modified Terms.

Jizo Mine