Terms of Service

Terms of Service

  • Animal rescue organizations, animal shelters and adoption agencies must agree to the terms of service to receive donation proceeds. Additional ViciNFT Terms & Conditions link here.
  • ViciNFT will mint all NFTs used in the campaign and distribute all funds in the Pet Community Fund (PCF).
    • ViciNFT will screen all qualifying nominated animal rescue organizations, animal shelters and adoption agencies for accuracy before distributing donation proceeds.
    • ViciNFT holds the right to disqualify any nominated animal rescue organization, animal shelter or adoption agency if it does not meet the requirements in the terms of service.
  • General Liability / Indemnification – ViciNFT & the Pet Community Fund DAO are not responsible for any liabilities that result from a contractor’s acts in the course of the agreement.
    • The top 10 qualified nominated and winning animal rescue organizations will be listed on the petcommunityfund.io website and may be promoted on ViciNFT social media and related accounts.
    • Animal rescue organizations may voluntarily opt out by contacting support@vicinft.com to opt out of the campaign.
    • If an animal rescue organization opts out, donation proceeds for those NFTs will remain in the Pet Community Fund until the next DAO vote. 
  • Nominations or votes containing language deemed to harass, abuse, or harm another party will be automatically disqualified, and NFT donation proceeds will go into the Pet Community Fund.

Voting

  • Each Pet Community Fund NFT purchase enables a DAO vote.
  • Pet Community Fund DAO voting dates are determined when net donation proceeds reach $10,000. The DAO will then have seven days to submit a vote on which qualified nominated animal rescue organization they think most deserves support.
  • When the PCF reaches $10,000, the DAO will vote on which animal rescue organization will receive $10,000.
  • Upcoming DAO voting date windows will be viewable on DAO members’ dynamic NFTs.
  • Pet Community Fund DAO campaign end date is Dec 31, 2024, at which time the DAO will vote on a final winning animal rescue organization with the remaining donation proceeds.

Animal Rescue Organization Eligibility

  • Animal rescue organizations must state what they will use winning donation proceeds for, i.e., operating costs, payroll, equipment, etc., before accepting donation proceeds.
  • For every 100 nominations and NFTs sold, an animal rescue organization will receive $1,000 in donation proceeds from the Pet Community Fund DAO. 
  • Animal rescue organizations must receive at least 100 nominations to be eligible to receive donation proceeds.
    • If an animal rescue organization does not receive at least 100 nominations by the end of the campaign, donations proceeds from those NFTs will remain in the Pet Community Fund for DAO distribution vote.

Pet Community Fund (PCF)

  • For every 100 nominations & NFTs sold, eligible animal rescue organizations will receive $1,000 from the Pet Community Fund.
  • 80% of net proceeds go into a Pet Community Fund controlled by the DAO. When the PCF reaches $10,000, the DAO will vote on which animal rescue organization will each receive funds.
  • Distribution phase – eligible animal rescue organizations will get paid directly via (wire, check, or bank transfer) within seven days of the DAO vote. 
  • Distribution terms –  10% of net proceeds will go to Pawboost, 10% of net proceeds will go to the SPCA, 10% of net proceeds will go to the Humane Society, 50% go to fund pet rescue organizations determined by the community and 20% to ViciNFT for facilitation.
  • Net proceeds are defined as gross proceeds minus credit card transaction fees and taxes where applicable.
    • Any donation proceeds not collected by a winning animal rescue organization will stay in the Pet Community Fund to provide financial assistance to those determined by the Pet Community Fund DAO.