Marketplace Terms

1. Scope and definitions

CyLimit operates two distinct trading systems, both settled in USDC (a stablecoin issued by Circle, native to the Base blockchain) on the Base blockchain (an Ethereum layer-2 network developed by Coinbase). Depending on which system is involved, CyLimit's status and the applicable rights differ.

2. Primary market, Auctions

On the primary market, CyLimit auctions NFT Cards that it owns. The card acquired at the end of the auction is delivered to your wallet and marked as resulting from a first sale (first owner). CyLimit sets the auction rules (starting price, minimum increment, duration) and acts as a professional seller.

• Secret maximum bid (auto-bid). You set a maximum amount you are willing to pay. This amount remains secret: the system bids automatically on your behalf, in increments, up to your maximum, to keep you in the lead until a competing bid exceeds it.
• Minimum increment. Any new bid must exceed the current bid by at least the greater of: +0.05 USDC or +8% of the current bid.
• Duration. An auction lasts a maximum of 4 days. This maximum duration takes into account, among other things, the validity period of bank-card payment authorisations.
• Binding nature. Every bid is firm and binding. There is no cooling-off or withdrawal period once a bid has been placed.

Two payment methods are available to bid:

• USDC. You pre-authorise CyLimit to pull USDC from your wallet up to your maximum. The current bid is held in escrow with CyLimit's master wallet; the latent balance (between the current bid and your maximum) is reserved and remains secret.
• Bank card (Stripe). An authorisation (card hold) is placed up to your maximum. Only the final winning amount is actually charged. If you are outbid, the authorisation is released.

You may disable auto-bidding at any time: you then keep your current bid (you do not give up the amount already committed), but the system stops bidding on your behalf. The amount of your current bid then remains on hold, as a bank pre-authorisation if you pay by card, or reserved in escrow in USDC, with the surplus up to your unreached maximum being released, and is only charged if you win the auction.

3. Secondary market, Fixed-price sales

On the secondary market, a User (the Seller) lists an NFT Card they own at a fixed price they freely set, payable in USDC.

• Price. The Seller sets the price, with a minimum of 0.50 USDC and no maximum.
• Listing duration. A listing remains published for between 2 and 7 days. On expiry, an unsold listing ends; the Seller may relist the card whenever they wish.
• Purchase. When a Buyer initiates a purchase, the card is placed under an atomic reservation of about 5 minutes while the USDC payment is finalised. If finalisation does not occur, the reservation is released.

CyLimit does not take part in concluding the sale between Seller and Buyer on the secondary market: it is neither a party, nor an agent, nor an intermediary in the sense of matching the parties' interests. The Seller is solely responsible for setting the price of their card; the Buyer is solely responsible for evaluating that price. CyLimit does not control the value, relevance or fairness of the prices offered and makes no representation as to the value of a card, a Seller, a Buyer or a listing.

4. Fees

The fees below correspond to Phase 1, currently in force. All applicable fees and their exact amounts are clearly displayed to you before validation of any transaction.

The card-payment fee is a CyLimit service fee, separate from the payment provider's actual cost. If you wish to avoid it, you may pay in USDC. CyLimit reserves the right to change its fees at any time, with prior notice. Any change applies to transactions occurring after it takes effect.

5. Settlement and ownership

CyLimit operates on a hybrid model. During a transaction, the transfer of ownership is first recorded in our systems (off-chain); on-chain settlement is then carried out on a deferred basis via a processing queue and CyLimit's master wallet. The state recorded in our systems and the on-chain state may therefore temporarily diverge until the blockchain transfer is confirmed.

On-chain transfers are performed by CyLimit's master wallet based on the approvals you have granted (NFT transfer approval to the Marketplace contract and USDC spending allowance). You may revoke these approvals at any time via the dedicated revocation pages; revocation may, however, prevent ongoing transactions from being finalised.

Network fees (gas) are currently covered by CyLimit (via its Coinbase paymaster); you have no gas fees to pay. CyLimit reserves the right to change this arrangement. Transfers are made on the Base blockchain and are publicly viewable on basescan.org.

6. Finality and irreversibility

Transactions carried out on the marketplace are recorded immutably on the Base blockchain. Once settled on-chain, they cannot be modified, cancelled or deleted by CyLimit or by anyone outside the transaction. Every sale is final.

No refund is due once a transaction has settled, except where the law requires one, in particular where it is established that a transaction was carried out by a minor or was tainted by fraud, as well as in the event of a technical failure attributable to CyLimit (in which case a refund or correction is made after review).

CyLimit disclaims all liability for assets (USDC, ETH or tokens) sent to the wrong network or address. A recovery tool may be offered for certain funds sent to the wrong network, with no guarantee of success.

7. Right of withdrawal and guarantees

Primary market (sale by CyLimit). NFT Cards constitute digital content supplied immediately. By proceeding with the purchase, you expressly request immediate performance of the contract and acknowledge that you waive your 14-day right of withdrawal in accordance with Article L221-28 of the French Consumer Code. A confirmation is sent to you by email. The legal guarantee of conformity of digital content remains applicable to this sale, in which CyLimit acts as a professional seller (see the Terms of Service).

Secondary market (sale between Users). The right of withdrawal, which benefits only consumers in their dealings with a professional, does not apply to a sale concluded between Users. Any applicable guarantees are owed by the selling User, not by CyLimit. Refunds are only possible exceptionally, in the cases set out in the Finality and irreversibility section.

8. Risks

• Volatility. The value of cards and crypto assets (USDC, ETH) can fluctuate significantly. Conversion between USDC and euros depends on the exchange rates applicable at the time of the operation.
• No investment purpose. Cards are sold without any investment purpose. CyLimit provides no financial, tax or investment advice and guarantees no resale value.
• Technical and wallet risks. Access to your wallet relies on Coinbase. Losing access to your wallet may result in the loss of your assets; CyLimit can neither restore such access nor recover lost assets.
• Game value. Reselling a card halves its accumulated XP, which affects its game value and, potentially, its resale value.

9. Tax

The sale of a card may constitute taxable income, in particular where its sale price exceeds its purchase price. Movements of digital assets (USDC, ETH) may also generate taxable capital gains. You are solely responsible for declaring your income and gains to the competent tax and social-security authorities.

Users who are tax resident in France can find information and meet their obligations via the French tax administration website, impots.gouv.fr, and, where applicable, via the URSSAF website, urssaf.fr.

10. Compliance, anti-money laundering and suspension

You undertake not to use the marketplace to circumvent any tax, social-security or regulatory obligation applicable to you, to launder funds, to finance or support any illicit or terrorism-related activity, or otherwise in breach of the law.

CyLimit reserves the right, to the extent permitted by law and where legally required or justified, to monitor transactions, request additional information, suspend or freeze an account or a transaction, and to report to the competent authorities (in particular TRACFIN and the French National Gaming Authority, the ANJ).

French residents (JONUM regime). If you reside in France, a weekly spending limit that you set applies to your NFT Card acquisitions (pack purchases, secondary-market purchases and won auctions), regardless of the payment method, including bank card. This limit is calculated in euros over a rolling 7-day period, on a gross basis (sales are not deducted): a decrease takes effect immediately, an increase takes effect after a 48-hour delay. Identity verification (KYC) is also required to keep selling and playing your coloured NFT Cards beyond your provisional access period. To learn more, see our Responsible Gaming page.

Withdrawing USDC into fiat currency (off-ramp) is done via Coinbase and requires approved identity verification (KYC). CyLimit is not a party to this withdrawal operation, which is subject to Coinbase's terms and obligations. As bidons, white bidons and XP have no monetary value, they can never be withdrawn.

11. Listing ranking and filters

Secondary-market listings can be sorted and filtered according to various criteria offered in the interface (for example price, rarity, rider, serial number or season). The default sort criterion and available filters are shown directly in the marketplace interface and may evolve in order to improve the relevance and readability of the display.

12. Disputes and mediation

On the secondary market, any claim relating to a transaction must first be resolved between the Buyer and Seller concerned. To the fullest extent permitted by law, CyLimit cannot be held liable for damages arising from the sale, purchase, price or any other act of Users on the secondary market.

For any claim against CyLimit, please first contact us at contact@cylimit.com. Failing an amicable resolution, and in accordance with Articles L611-1 et seq. of the French Consumer Code, you may use, free of charge, the consumer mediator CM2C (49 rue de Ponthieu, 75008 Paris, cm2c.net). You may also use the European online dispute resolution (ODR) platform: ec.europa.eu/consumers/odr.

These Terms are governed by French law. Mandatory consumer-protection provisions remain applicable. For the publisher's full identity and contact details, see our Legal Notice.