Chapter 1 General Provisions

Article 1 (Purpose)

These terms and conditions govern the rights, obligations and responsibilities between the company and members regarding the terms and procedures of use of Piki Market services and products (hereinafter referred to as “Services”) and related services provided by Sigmachain. Corp. (hereinafter referred to as “Company”). The purpose is to stipulate other necessary matters.

Article 2 (Definition of Terms)

The definitions of the terms used in these terms and conditions are as follows:

1. 1. "Service" means various services related to Piki, including information search, communication with other users, providing postings, and virtual asset transactions, through the website and application (app) of Piki domain, including Piki. You can freely use Piki services through various devices capable of using the Internet such as PCs and mobile phones. The specific content of each individual service can be easily found in the guide, notice, and customer center of each service.
2. 2. "Member" means a person who has signed an "Service Usage Agreement" (hereinafter referred to as the "Usage Agreement") with the company in accordance with these terms and conditions by becoming a member of the exchange.
3. 3. "ID (or account)" means a combination of characters or numbers determined by the member and approved by the company for identification and use of the service.
4. 4. "Password" means a combination of characters or numbers determined by the member for verifying that the member matches the ID assigned to the member and for protecting the member's privacy.
5. 5. "Virtual asset" means an electronic proof according to Article 2, Paragraph 3 of the Act on Reporting and Using Specified Financial Transaction Information (hereinafter referred to as the "Specific Financial Information Act").
6. 6. "ACORN (Points)" means a virtual payment method that can be exchanged for virtual assets, which is a virtual payment method used in the services provided by the company.
7. 7. "Piki Wallet Address" means an address generated by the company in conjunction with the member's ID. The member can receive and send virtual assets through the Piki Wallet Address.
8. 8. "Electronic device" means various wireless and wired devices such as computers and mobile devices that are necessary for members to use the service.
9. 9. "Hard fork" means the creation of a new blockchain that is not compatible with the previous blockchain during the blockchain software update process. New virtual assets can be created during this process.
10. 10. “Artworks / products / Ticket” are digital certificates recorded on the blockchain. “Artworks / products / Ticket” traded on Piki Market are divided into the following three categories.
    1. A. “Digital Artwork” means a proof of copyrighted work in digital form, such as images, videos, music, books, etc.
    2. B. “Product” refers to a physical product or proof of authority of a materialized product.
    3. C. “Ticket” refers to proof of the right to enjoy services such as travel, accommodation, movies, concerts, etc.
11. 11. “Edition” is a unit that can distinguish works when multiple “Artworks/Products” are created. For example, if edition #1 of a work with a total creation count of 10 means the first edition of 10. The number of editions published for each work may vary.
12. 12. “Piece” is a unit that can distinguish a work when it is created by dividing it into several units. However, pieces cannot be created for Products or Ticket.
13. 13. “Creator” means the person who first created, registered, and distributed a “Artworks/Products”
14. 14. “series” is a folder concept that groups multiple works into the same category. When creating a work, you can create a new series or select an existing series to categorize them.
15. 15. “Gallery” is a space where you can check the Artworks you have created or own, series you have created, transaction details, etc. under the concept of your profile. It is automatically created when you sign up as a member.
16. 16. “Royalty” refers to the copyright fee or royalty set by the creator when creating a work. The creator is paid a royalty (%) of the sales amount whenever the ownership of the Artwork is transferred or sold. However, royalties cannot be set for Products and Ticket.
17. 17. “Affiliate” means an online and/or offline company that has entered into a contract with the company to trade products, provide various information and benefits to members, or allow members to use and exchange ACORN (points), etc.

Article 3 (Specification, Explanation and Amendment of Terms and Conditions)

1. ① These terms and conditions apply to the Company's service provision and the Member's use of the service.
2. ② If the Company intends to change these terms and conditions, it must publish the details thereof on its website or other means provided by the Company 30 days prior to such change and notify the Members. However, if a Member raises an objection, the Company must confirm that the Member has been notified of the amended terms and conditions through an appropriate method.
3. Notwithstanding the provisions of paragraph 2 above, if the terms and conditions are urgently amended due to amendments to the law, the amended terms and conditions must be posted on the website provided by the Company for at least 30 days and Members must be notified thereof.
4. ③ When the Company individually notifies Members of amended terms and conditions pursuant to paragraphs 2 and 3 above, it shall request that Members confirm their agreement or objection to the amended terms and conditions before the effective date and clearly indicate that failing to express an objection will be deemed as agreement to the amended terms and conditions. If a Member does not explicitly express objection, it will be deemed that the Member has agreed to the amended terms and conditions.

Article 4 (Supplementary Rules and Regulations)

Any matters that are not specified in the agreement, the member shall comply with relevant laws and regulations, common practices, or individual service terms and conditions.

Chapter 2. Conclusion of the Service Contract (Membership Registration)

Article 5 (Conclusion of the Service Contract)

1. ① The service contract is established when the applicant who wishes to become a member (hereinafter referred to as the "applicant") agrees to the contents of this agreement and completes the application process according to the procedures determined by the company, and the company approves the membership registration.
2. ② The time of establishment of the service contract shall be the time when the company indicates the completion of account creation in the application process or the time when the company's approval reaches the member.
3. ③ The company may reject or defer approval of the following types of application, and may cancel approval or terminate the service contract if any of the following circumstances are confirmed even after approval of the application:
1. 1. If the applicant is under 19 years of age
2. 2. If the applicant cannot be verified
3. 3. If the applicant fails to provide the necessary information or provides false information when applying for membership
4. 4. If the applicant applies for the purpose of violating laws, disrupting social order or public morals
5. 5. If the applicant has had their service contract terminated under Article 20 of this agreement, even though they have already entered into a service contract with the company/li>
6. 6. If the applicant submits multiple applications for membership
7. 7. If the applicant is a citizen, resident, or a person of interest designated in the data of a reputable agency that evaluates national risks, such as the "Act on Specific Financial Information," related laws, "Regulations on Anti-Money Laundering and Anti-Terrorist Financing," the Financial Action Task Force (FATF), the United Nations (UN), and the like
8. 8. If the applicant intends to use the service for a separate business purpose
9. 9. If there is no available equipment or if there are technical difficulties in providing the service
10. 10. If the company needs to temporarily defer new membership registrations due to government policies
4. ④ Under this agreement, ownership of the KRW and virtual assets transferred by members to the company belongs to the company, and members have the right to claim their return.

Article 6 (Customer Verification Obligation)

1. ① In order to verify whether the information provided by members is true and accurate, the company may request the applicant to provide information, documents, and materials related to self-authentication, financial transactions, and the source of transaction funds within the scope permitted by law. Regarding the information, documents, and materials necessary for customer verification, the company complies with relevant laws and the company's privacy policy.
2. ② For the fulfillment of obligations of virtual asset business operators specified in the "Specific Financial Information Act" and related laws, the company may provide member information, transaction records, etc. to third parties (financial information analysis agencies, other virtual asset business operators, and other institutions specified in relevant laws).
3. ③ To prevent money laundering and terrorist financing through financial transactions, the company verifies the actual owner when a member opens a new account.
4. ④ If the company cannot verify the customer's identity or confirm the purpose of the transaction or the source of funds, such as when the member refuses to provide identity verification, the company may refuse to establish a new transaction with the member or terminate the usage contract if a transaction relationship has already been established.

Article 7 (Management of Member Information)

1. ① All management responsibilities related to a member's account access information such as their ID and password are solely the responsibility of the member, and the member cannot transfer or lend their account access information to others.
2. ② If a member becomes aware that their ID or password has been used improperly, they must immediately notify the company of this fact and follow the company's instructions.
3. ③ In the case where the member fails to notify the company of such a fact, or even if they do notify the company but fail to follow the company's instructions, the company shall not be held responsible for any resulting losses or damages. However, if the company was aware of the situation in Article 2 or could have known about it with reasonable care as a prudent manager, the company shall not be exempt from liability within the scope of intent or gross negligence.

Article 8 (Changes to Member Information)

1. ① Members must manage their membership information diligently in order to use the Service, and must modify their information if there are any changes.
2. ② If there are changes to the information provided during the membership registration, the member must notify the Company of such changes either by modifying it online or by notifying the Company via email or other methods.
3. ③ The Company is not responsible for any disadvantages caused by a member's failure to notify the Company of changes under Paragraph 2. However, if the Company was aware of the changes or could have become aware of them with reasonable care as a prudent manager, the Company may not be exempt from liability within a reasonable range of intention or negligence.

Article 9 (Notice to Members)

1. ① Unless otherwise specified in these terms and conditions, the Company may notify Members through electronic means such as the email address, mobile phone number, address, agreement window displayed at the time of service login, and service connection screen provided by the Member.
2. ② The Company shall not be liable for problems arising from failure to confirm the Company's notice or inability to provide individual notice due to information that cannot be notified (including restrictions of electronic mail service providers) or provision of false information by the Member. However, if the Company is at fault, the Company shall not be exempt from liability within the scope of intentional or gross negligence.

Article 10 (Protection of Personal Information)

The Company strives to protect Members' personal information in accordance with relevant laws such as the "Act on Promotion of Information and Communications Network Utilization and Information Protection" (hereinafter referred to as the "Information and Communications Network Act") and the "Personal Information Protection Act." The protection and use of personal information are subject to relevant laws and the Company's privacy policy. However, the Company's privacy policy does not apply to external linked screens and other screens provided outside of the screens created and provided by the Company.

Article 11 (Attribution of rights and use of copyrighted work)

1. ① All intellectual property rights related to the Company's services belong to the Company.
2. ② Members may not use, process, provide, or sell information obtained during the use of the service for profit or allow third parties to use it.
3. ③ Members may post content (hereinafter referred to as “posts”) such as photos, text, information, (video), opinions or suggestions about the integrated service or the company, within the integrated service, and intellectual property rights, including copyright, for such posts are of course reserved. The rights holder continues to hold the rights.
4. ④ Members provide the company with a worldwide license that allows the use, storage, modification, reproduction, public transmission, display, distribution, etc. of posts posted within the integrated service. The rights granted by the member to the company in this license are used within the scope of operating, improving, and promoting the integrated service and developing new services, and within the scope of this purpose, the other party or other users who have entered into an explicit business agreement with the company This also includes sublicenses to. Additionally, the company may use your postings for the purpose of improving integrated services and research and development. Some individual services may provide ways to access or delete member-contributed content. (However, deletion of posts may not be possible depending on the characteristics of some services and the nature of the content.) Additionally, some services have settings that limit the company's scope of use of the provided content.
5. ⑤ If a member's posting contains content that violates relevant laws such as the Act on Promotion of Information and Communications Network Utilization and Information Protection, etc. (hereinafter referred to as the “Information and Communications Act”) and the Copyright Act, the rights holder shall notify the company of the posting in accordance with the procedures set forth in the relevant laws and regulations. You may request suspension or deletion, and the company will take action in accordance with relevant laws and regulations.
6. ⑥ Members must have the necessary rights to grant a license to the Company for the content they provide to the Company. The member (publisher) is responsible for any problems arising from not holding these rights. Additionally, members may not disclose or post content that is obscene, violent, or otherwise violates public order and morals and laws.
7. ⑦ The company prohibits member content from violating relevant laws, being obscene or harmful to young people, postings that encourage discriminatory conflict, spamming, advertisements, promotions, spam postings, postings about transferring or trading accounts, postings impersonating other people, etc. If we determine that this is the case, we may delete it or refuse to post it. Specific standards and usage restriction procedures related to this can be found in the operating policy.
8. ⑧ The Service may display some content that is not owned by the Company. The entity providing the content bears sole responsibility for such content. Even if a member uses the service, he or she does not have rights to the content of other members (users). In order for a member to use another member's content, he or she must obtain separate permission from the content owner.

Chapter 3 Use of Services

Article 12 (Precautions for registration and transaction of works)

1. ① The company is a transaction intermediary for the work and is not a party to the transaction. Responsibility for works, “Artwork/Product/Ticket holder’s rights”, “Artwork/Product/Ticket IP” and/or work transactions are borne by the “Artwork/Product/Ticket publisher (creator)” and/or seller, and the company Authenticity of the “Artwork/Product/Ticket publisher (creator)” and/or seller or “Digital Artwork” linked to the work, “Artwork/Product/Ticket IP”, and “rights of the Artwork/Product/Ticket holder” No guarantee is made regarding completeness, etc. However, if damage occurs due to the company's intent or negligence, the company shall be liable within the scope prescribed by law.
2. ② The company may use digital works linked to the work for promotional purposes regarding the Piki Market and brokering transactions for “Artwork/Product/Ticket” within the Piki Market.
3. ③ The company reserves the right to make independent judgments regarding the scope of services provided in Piki Market (registration of Artwork/Product/Ticket, whether to support transactions of individual Artwork/Product/Ticket, transaction support period, etc.), and each Artwork/Product/Ticket The scope of services provided may vary.
4. ④ Artwork/Product/Ticket generally do not mean specific rights themselves, such as knowledge including copyright and brand rights, portrait rights, or commercialization rights, and do not mean acquiring knowledge such as digital copyrights on their own. This is not the case if the operation is operated by a “Artwork/Product/Ticket publisher (creator)” or a “Artwork/Product/Ticket IP” holder.
5. ⑤ "The rights of the Artwork/Product/Ticket holder" can only be exercised while Artwork/Product/Ticket is legally held, and if the Artwork/Product/Ticket is sold, transferred, or transferred to another person, the Artwork/ticket holder's rights can no longer be exercised. "The rights of the Artwork holder" may not be guaranteed to those who have transferred the work in a way that is not officially supported by the Company and/or in a way that violates relevant laws and regulations. Also, in the case of Products/Tickets, only rights can be sold and purchased, and resold, transfer, or transfer is not possible.
6. ⑥ The company may suspend, suspend, or terminate the transaction support of individual works in any of the following cases.
   1. 1. When the “Artwork publisher (creator)” specifies the need for action regarding a Artwork that has already been distributed or is being distributed (including but not limited to errors in the Artwork, reasons for needing correction, etc.)
   2. 2. If a dispute arises regarding the rights to “Digital Artworks” or “Artwork IP”
   3. 3. If the content included in the Artwork is lost or the distribution of a Artwork based on similar content is confirmed through another distribution channel.
   4. 4. If a serious abnormal transaction occurs in relation to the Artwork
   5. 5. There are unavoidable reasons for discontinuation of service provision, such as defects in the work itself, bankruptcy and/or dissolution of important affiliates, reasons for termination of digital asset transaction support in accordance with the “Transaction Support Termination Policy,” or government policies such as relevant laws and regulations or supervisory authorities, or reasons equivalent thereto. If there is
   6. 6. Or, if the reasons are similar to the above or if the need to terminate transaction support is recognized to protect Piki Market members.

Article 13 (Provision and Suspension of Services)

1. ① The use of the service is available 24 hours a day, 7 days a week, unless there is a special operational or technical reason for the company not to do so.
2. ② The company may suspend, restrict or terminate all or part of the service under the following circumstances:
1. 1. When there is a reasonable operational or technical need for regular equipment maintenance, repair, replacement or failure
2. 2. When a periodical communication operator prescribed by the Electric Communications Business Act has stopped providing electric communication services
3. 3. When it is difficult to provide the service due to management issues such as deteriorating prospects for the company's service or technical issues such as blockchain network instability, failure, code errors, etc.
4. 4. When there is a discontinuation of operations due to the transfer, division, merger, dissolution, bankruptcy or termination of business by the company or its affiliates
5. 5. Hacking
6. 6. When vulnerability is found in the underlying technology of virtual assets
7. 7. When a hard fork occurs
8. 8. When the use of the service violates laws, regulations or public order and morals
9. 9. When continuous complaints are received from members regarding the service
10. 10. When there is a violation of relevant laws or when government agencies or relevant agencies find it difficult to operate due to instructions or operational difficulties related to the use of the service
11. 11. When there are uncontrollable circumstances such as a state of national emergency, power outage, natural disaster, etc
3. ③ In the case of the second paragraph, the Company shall notify its members in advance through the initial screen of the service or notice. However, if the Company cannot notify in advance, it may notify after the fact.

Article 14 (Changes to the Service)

1. ① The company may change the contents, operation, and technical aspects of the service for stable service provision.
2. ② If the company changes the service, it will notify members in advance by specifying the details of the changes and the effective date through the initial screen of the service or notices. However, if there are unavoidable reasons that prevent the company from notifying in advance, it may notify afterwards.
3. ③ If a member does not agree to the changes to the service, they may express their refusal to the company and terminate the service contract.

Article 15 (Service Fees)

The Company may charge service fees to Members for their use of the Services, and such fees will be notified through the Website or Application. However, the fees may be changed depending on the Company's and the market's circumstances.

1. ① Most of the services are provided free of charge, but some sub-services may be provided for a fee.
2. ② When using paid services provided by the company, the principle is to use them after paying the usage fee.
3. ③ The company may request additional personal information from the member to fulfill the service fee payment, and the member must accurately provide the personal information requested by the company.
4. ④ Contents not specified in this Article shall be determined in the paid service terms and conditions of each sub-service, and if there is a conflict between the contents of this Article and the paid service terms and conditions of each sub-service, the provisions of the paid service terms and conditions of the sub-service shall apply.

Article 16 (Restriction of Service Use)

1. ① The Company may immediately restrict all or part of a Member's use of the Services if the Member falls under any of the following categories:
1. 1. Under 19 years of age.
2. 2. Unable to confirm one's own identity.
3. 3. Suspected of identity theft.
4. 4. Violating or potentially violating laws and regulations, including the obligations under these Terms and the Criminal Act, the Act on Specific Financial Transactions Information, the Act on Promotion of Information and Communications Network Utilization and Information Protection, the Copyright Act, the Civil Enforcement Act, the Act on the Regulation of Punishment of Proceeds from Crime, and related tax laws.
5. 5. Disrupting the normal operation of the Services.
6. 6. Suspected or judged to be involved in or associated with crimes such as hacking, fraud, voice phishing, pyramid schemes, or other similar crimes.
7. 7. When a government agency requests a service restriction in accordance with applicable laws and regulations.
8. 8. Suspected or reasonably suspected to be involved in activities such as market manipulation, money laundering, unfair trading, criminal activities, etc. related to Article 5, Paragraph 3, Subparagraph 8 (including cases disclosed through anti-money laundering solutions and cases suspected in accordance with the Company's internal monitoring system, and not limited thereto).
9. 9. If there is a decision, order, confiscation, or disposal of the Member's assets within their account by a court or investigative agency in connection with seizure, disposition, seizure preservation, or any other similar measures.
10. 10. Engaging in acts that violate public order or good morals.
11. 11. Acts that damage the reputation of others or cause disadvantages.
12. 12. Posting pornographic material on bulletin boards, etc. or linking to pornographic sites
13. 13. Acts of registering or transmitting information that may interfere with the operation of integrated services or stable operation, as well as advertising information or spam postings against the recipient's explicit intention to refuse reception or without the recipient's explicit consent.
14. 14. An act of distributing false information for the purpose of causing damage, such as providing property benefit to oneself or others or causing damage to others.
15. 15. Copying, modifying, distributing, selling, transferring, renting, providing collateral, or allowing others to use the service or any part of the software included therein without the consent of the company, reverse engineering the software, or attempting to leak the source code. Acts of duplicating, disassembling, imitating or otherwise modifying the service, etc.
16. 16. Registering or distributing computer virus-infected material that causes malfunction of equipment related to integrated services or destruction or confusion of information, etc.
17. 17. In case of an error in the Services, a computer malfunction, or any other reason where a third party's or digital asset other than the Member's own is displayed in the Member's account.
18. 18. Other reasons equivalent to the above, or when measures are necessary to prevent such reasons from occurring.
2. ② The company may restrict all or part of a member's use of the service in accordance with Article 1 of this clause, and will notify the member in accordance with Article 9 of these terms and conditions, and may request the member to provide evidence in order to determine whether the reason for the usage restriction is applicable.
3. ③ Members may raise objections to the service usage restrictions under this clause, and if the company recognizes the member's objection as valid, the company will immediately lift the usage restrictions.

Chapter 4 Company's Obligations

The company exercises limited usage for display, service promotion, service operation, research and development of new services, compliance with legal obligations such as web accessibility, and allowing search, collection, and linking from external sites. If the company needs to use the postings for any other purposes, it will be done through prior consent.In addition, valuable postings provided by members may be used by Piki for research and development purposes to improve and provide new Piki services.
Piki is making efforts to provide various means to manage the use or access of postings provided by members or other users within Piki services more easily. If the management function such as deletion or privatization of postings is provided within Piki services, the member can directly control the use or access of others through this function, and can also request measures such as deletion, privatization, or exclusion from search results through the customer center. However, in some Piki services, it may be difficult to delete or privatize such postings.

Chapter 5 Termination of Service Agreement

Article 17 (Termination of Service Agreement)

1. ① A member may apply for termination of the service agreement at any time through the information management menu or customer center within the service. However, in the case of a customer with service restrictions under Article 19 of these Terms and Conditions, the termination request may be limited.
2. ② If a member violates these Terms and Conditions or Article 19 of these Terms and Conditions and does not correct it within 30 days after the occurrence or repeatedly violates laws or the Terms and Conditions two or more times, the company may terminate the service agreement, and the effectiveness of the notification under Article 9 of these Terms and Conditions will occur when it reaches the member.
3. ③ In the event of termination of the use contract under this Article, all benefits obtained free of charge from ACORN (point) previously obtained shall be extinguished, and the Company shall not compensate for this separately.
4. ④ When the service agreement is terminated under this article, the member must transfer all assets stored by the company to an account or wallet address outside the company. In this case, the company may refuse the transfer for an account or wallet address that is not verified.
5. ⑤ The company is not obliged to pay virtual assets subject to hard forks to members whose service agreement has been terminated under this article.

Chapter 6. Limitation of Liability

Article 18 (Limitation of Liability)

1. ① The Company or the member shall be liable to compensate for any damages caused to the other party by violating these Terms and Conditions. However, this shall not apply in cases where there is no intention or negligence on the part of the actor.
2. ② The Company shall not be liable for damages to the member in the following cases. However, if the Company's intention or negligence is found to be concurrent with the following items of paragraph 3 to 6 of this Article, the liability shall not be exempted within a reasonable range under the law.
1. 1. Force majeure events such as natural disasters, riots, wars, or other national emergencies equivalent to them
2. 2. Compliance with administrative measures and orders from government agencies and banks, whether de facto or legal
3. 3. Service interruption or damage caused by intentional or negligent acts of the user
4. 4. Service interruption caused by the telecommunication service provider, including the periodical telecommunication service provider under the Telecommunications Business Act
5. 5. Service interruption caused by defects in the transaction system, deposit/withdrawal system, virtual asset issuance and management system, or blockchain system to which the virtual asset belongs within the Service
6. 6. Server outage caused by computer failure or sudden surge in website access, order congestion of certain items, and other similar cases.
3. ③ The necessary attention of the administrator in paragraph 2 refers to the following:
1. 1. Appointment and management of information protection officer
2. 2. Information protection education
3. 3. Measures to protect the computer room, facilities located in the building where the computer room is located, information protection system, and information processing system
4. 4. Management plan for encryption keys
5. 5. Preparation of measures to respond to information security incidents
6. 6. Regular inspection of information protection measures and measures to respond to security incidents
7. 7. Other matters prescribed by laws related to information protection that virtual asset operators must comply with.
4. ④ The principle is that damages caused by the company's affiliates should be resolved through disputes between members and affiliates in accordance with the affiliate's terms and conditions. However, if the company is responsible, the responsibility is not exempted within a significant range of intention or negligence.
5. ⑤ The company is not responsible for fluctuations in the price of virtual assets or errors in the transfer information of members.

Chapter 7 Miscellaneous

Article 19 (Jurisdiction and Governing Law)

1. ① The jurisdiction of the lawsuit regarding disputes between the company and members shall be decided by the parties through agreement, and when an agreement cannot be reached, it shall be decided by the court according to the Civil Procedure Act.
2. ② The laws of Delaware in the US shall apply to lawsuits between the company and members related to the use of the service.

Supplementary Provisions

1. ① This agreement shall apply on December 22, 2023.