# Welcome to RoamFi **RoamFi is a global eSIM data service platform. It is jointly launched by Japan eSIM Co., Ltd. and TaleX Protocol, and is one of the members of the** [**TaleX**](https://app.talex.world/) **ecosystem.** {% hint style="success" %} * RoamFi provides **virtual SIM cards (eSIM)**, allowing users to use mobile data services directly on their smartphones **without purchasing physical SIM cards** or paying **expensive roaming fees**. * RoamFi offers **global coverage across more than 200 countries and regions**. {% endhint %} RoamFi is the world's first **Real-World Business (RWB)** project that effectively realizes the following concepts: * **Proof-of-Purchase (PoP)** * **Token Replacing Loyalty Points** * **Treasury as Liquidity Pool** \ RoamFi is a project that effectively implements the **“Proof-of-Purchase (PoP)”** concept.\ RoamFi functions as a **Decentralized Autonomous Organization (DAO)** with its **community governance token — $RF**. The $RF token can only be issued through **fiat-based payments within RoamFi’s services**, with a defined portion of tokens allocated for the **Token Generation Event (TGE)** at the initial stage. \ RoamFi is a project that effectively implements the **“Tokens Replacing Loyalty Points”** concept.\ Users can earn $RF token rewards by **purchasing mobile data services within the app** or by **referring others to RoamFi’s services**. \ RoamFi is a project that effectively realizes the **“Treasury as Liquidity Pool”** concept.\ Its financial operations are **transparent and open in real time** — **all net cash flows are converted into governance tokens ($RF)** and stable ecosystem tokens (such as $BNB or $BTC), then **deposited as liquidity into public smart contracts**. The use of treasury assets is determined through **community governance**. {% hint style="success" %} All holders of RoamFi’s governance token **$RF** can trade other tokens directly from the liquidity pool at any time. {% endhint %} This model **links user spending, business net cash flows, financial transparency, and tokenized equity extraction**, creating a **win-win relationship between users and the project itself**. Other ecosystem partners can easily join this cooperative network through encrypted tokens. {% hint style="info" %} **RoamFi is currently in public beta stage, therefore the content in the documents may be changed in the future.** {% endhint %} \ **Definitions**\ Governance token: $RF (BNB Chain: 0x58B6541e0A0D7F68c8B853a81c818271fA389a60)\ Liquidity pool: $RF/$BNB (PancakeSwap: 0xf672147aB04Efd569A37ec8D654327d9Cf656263) # Get RoamFi Before using RoamFi’s services, users need to install the RoamFi app and complete a few simple setup steps. {% stepper %} {% step %} ### **Download the RoamFi App** Visit [**roamfi.net**](https://roamfi.net/) to download the official RoamFi application. {% endstep %} {% step %} ### **Register an Account** After launching the RoamFi app on your device, you can register using your **email address**.\ During registration, a **verification code** will be sent to your email — enter it to complete the registration and access the app. {% endstep %} {% step %} ### **Install the eSIM** In the RoamFi app, open the **eSIM** tab from the bottom menu. Follow the on-screen instructions to install and activate your eSIM by **scanning a QR code** or **manually entering the activation code**. {% endstep %} {% step %} ### **Top Up or Purchase a Package** **Top Up:**\ Go to **Home → FLEX → Add Funds**, or **Me → $RUSD Balance → Add Funds**, and recharge any amount you need.\ RoamFi deducts usage fees in real time based on your actual data consumption and the set per-GB price.\ Your top-up balance is valid for all supported destinations, with no expiration and no loss of value. **Purchase a Package:**\ Go to **Home → FIX**, select the desired data package, and complete the payment.\ Your package will automatically activate upon arrival in the destination region. {% endstep %} {% step %} ### **Enable Data Roaming** On your phone’s system settings, open **Cellular / Mobile Network**, select the **RoamFi eSIM**, and enable **Data Roaming**. {% endstep %} {% step %} ### **Enable Automatic Network Switching** In your phone’s **Cellular / Mobile Network** settings, open **Mobile / Cellular Data**, and enable **Allow Data Switching**.\ Once enabled, your RoamFi eSIM will automatically activate when you arrive at your destination. {% endstep %} {% step %} ### **Manually Activate RoamFi eSIM (Optional)** You can also manually enable RoamFi eSIM via:\ **Settings → Cellular / Mobile Network → Mobile Data → Select RoamFi eSIM** as your mobile data source. {% endstep %} {% endstepper %} After setup is completed, you can enjoy global network service. You can check your package data usage and account balance at any time in the RoamFi app. # eSIM **eSIM (Embedded SIM)** is a programmable chip embedded within a device.\ Users can activate or switch network services by remotely downloading carrier profiles — without replacing a physical SIM card. Compared to traditional SIM cards, eSIM technology: * Eliminates the need for logistics and physical delivery. * Supports storing multiple carrier profiles on one device. * Allows switching between networks at any time with ease. Based on this technology, **RoamFi** provides cross-border data services across multiple global regions, making international connectivity more convenient and flexible. Currently, RoamFi’s eSIM service focuses exclusively on **mobile data access**, featuring the following characteristics: * **Data-only service:** Voice calls and phone numbers are not included. * **No KYC required (Know Your Customer):** Users can register using only an email address, ensuring privacy protection and a low entry barrier. * **No network restrictions:** Users can freely access global internet resources for an open and flexible browsing experience. # Service Regions and Pricing RoamFi offers two usage modes — **FLEX (pay-as-you-go)** and **FIX (prepaid packages)** — to meet the diverse needs of global users. ### FLEX (Pay-as-you-go) Users can top up their account balance first.\ The system deducts fees based on actual data consumption at a fixed per-GB rate.\ The remaining balance never expires and can be used across all supported regions.\ This model is ideal for short-term travelers or users with light data needs. ### FIX (Prepaid Packages) Users can directly purchase preset data packages and pay a one-time fee per package.\ Alternatively, users can use their account balance to complete the payment.\ Each package includes a specific data quota and validity period.\ Once the quota or duration expires, a new package can be purchased.\ This model is suitable for users with stable or long-term data usage needs. \ Currently, **RoamFi eSIM** supports over **200 countries and regions** worldwide.\ Below are sample regional pricing references (actual prices are updated dynamically within the app). #### Sample Price List (The table below is for illustration only. Actual prices are subject to real-time updates within the RoamFi app).
Region / CountryFLEX Unit Price ($/GB)FIX Package ExamplePackage Validity
United States$2.5 / GB10GB – $2030 days
Europe
(Multi-country)		$2.5 / GB5GB – $10 / 20GB – $3030 days
Japan$2.5 / GB5GB – $10 / 15GB – $3030 days
Southeast Asia
(Multi-country)		$2.5 / GB10GB – $2030 days
# Balance Accounts The RoamFi application operates under a **dual-account system** consisting of: * **$RUSD Balance Account** * **$RF Token Account** ### $RUSD Balance Account $RUSD can be used to purchase all services within the RoamFi ecosystem.\ It can be used directly for **FLEX** (pay-as-you-go) data or to purchase **FIX** (prepaid) packages.\ Balances have **no expiration date** and can be used **across all supported regions**. **Top-up:**\ Users can recharge their $RUSD balance through fiat payments (via credit card, Apple Pay, Google Pay, etc.). The balance can then be used to purchase FLEX or FIX data services. **Transfer:**\ Users can transfer $RUSD balances to other RoamFi accounts — enabling shared usage or inviting friends to enjoy the service together. ### $RF Token Account $RF is the **reward token** within the RoamFi ecosystem.\ Users can earn $RF tokens through: * Purchasing data services * Referring others to use RoamFi $RF tokens can be exchanged for $RUSD balance **based on current market value**, with an **additional 20% bonus** when converting.\ Additionally, $RF tokens grant participation rights in **RoamFi DAO governance**. **Deposit:**\ Users can transfer $RF from an external on-chain wallet into their RoamFi app account to convert it to $RUSD or participate in governance. **Withdraw:**\ $RF tokens stored within the RoamFi app can be transferred back on-chain at any time (standard blockchain gas fees apply). # Q\&A > **How do I set up and use eSIM?** While connected to Wi-Fi and with Airplane Mode turned off, open the RoamFi app.\ From the bottom menu, select **“eSIM”**, and follow the instructions to install and activate your eSIM by scanning the QR code or manually entering the activation code. Then, in your device settings: * Go to *Cellular/Mobile Networks → RoamFi eSIM* and enable **“Data Roaming”.** * Go to *Cellular/Mobile Data* and enable **“Allow Data Switching”.** When you arrive at your destination, your RoamFi eSIM will automatically activate.\ You can also manually select RoamFi eSIM as your data source via device settings. > **Does RoamFi eSIM support calls or SMS? How can I check the number?** At this moment, RoamFi eSIM provides **data-only service** and does not include voice or SMS.\ Some eSIMs (e.g., Philippines SMART, U.S. T-Mobile, Guam IT\&E, Vietnam Vietnamobile) may include a number, which will automatically appear or can be checked via dialing codes. > **Can one eSIM be used on multiple devices or transferred?** No. Each eSIM can only be used **once** and on **one device**.\ Once installed, it cannot be transferred. To use on another device, a new eSIM is required. > **When should I add my eSIM? How long is it valid?** Some eSIMs start counting their validity period immediately upon installation.\ It’s recommended to add your eSIM **on the day of departure**. Most eSIMs must be activated **within 30 days of issuance**.\ If your planned usage is more than 30 days away, register closer to your travel date.\ Expired eSIMs cannot be reactivated. For assistance, contact RoamFi customer support with your order number. * **FLEX mode:** One eSIM can be used permanently across multiple countries and regions after a single installation. * **FIX mode:** Each new package requires a new eSIM installation.\ Do not delete an active eSIM before its validity period ends — it cannot be reinstalled.\ Each eSIM can only be used once and cannot be reinstalled on another device. > **How can I check if my device supports eSIM?** Dial **\*#06#** on your device.\ If **EID** appears, your phone supports eSIM.\ If only **MEID** or **SEID** appears, it does not. For **iPhone:**\ Go to *Settings → General → About → SIM Lock Status*.\ If it shows “No SIM restrictions”, your device is unlocked. For **Android:**\ Go to *Settings → About Device → SIM Status*.\ If locked, contact your carrier for unlocking. > **What if my eSIM doesn’t connect or data isn’t showing?** If your eSIM fails to connect or shows no data usage, check that: * Data roaming and APN settings are correctly configured. * Restart your device.\ If the issue persists, please contact RoamFi customer support. # Governance Token $RF The native cryptographically-secure fungible RoamFi DAO token (ticker symbol $RF) is a transferable representation of attributed utility functions specified in the RoamFI DAO, and which is designed to be used solely as an interoperable utility token thereon. $RF is a functional multi-utility token which will be used as a unit of account and economic incentive which will be distributed to encourage users to exert efforts towards contribution and participation in the RoamFi DAO, thereby creating a mutually beneficial community where every participant is fairly compensated for its efforts. $RF is an integral and indispensable part of RoamFi DAO, because without $RF, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the DAO. Given that additional $RF will be awarded to a user based only on its actual usage, activity and efforts made on RoamFi and/or proportionate to the frequency and volume of consumption, users of RoamFi and/or holders of $RF which did not actively participate will not receive any $RF incentives. $RF does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $RF entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the United States, British Virgin Islands, Singapore or any relevant jurisdiction. $RF may only be utilized on RoamFi, and ownership of the same carries no rights, express or implied, other than the right to use $RF as a means to enable usage of and interaction within RoamFi. The secondary market pricing of $RF is not dependent on the effort of the RoamFi team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing. For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $RF). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business. {% hint style="success" %} Contract Address (BNB Chain): **0x58B6541e0A0D7F68c8B853a81c818271fA389a60** {% endhint %} $RF token adopts a [**user-driven business model**](https://x.com/TaleX_chain/status/1882776912692387889) and is classified as a **Real-World Business (RWB)** asset. After the Token Generation Event (TGE), all users who make **fiat-based purchases** within the RoamFi ecosystem, or **recommend others** to purchase RoamFi-related services, will receive governance token $RF as reward, based on their spending and interactions: {% stepper %} {% step %} ### Issuance and Distribution The total issuance of $RF is **1,000,000,000** tokens, and all tokens collectively constitute the RoamFi DAO treasury. Its allocation is designed as follows: * **0% — Team Allocation:**\ There is no preset team incentive. The team must also obtain tokens through fiat-based purchases within the RoamFi ecosystem, following the *“No Pays, No Gains”* principle.\ The team’s operational income is covered through standard operating revenue. * **10% — Liquidity Pool:**\ Allocated for establishing liquidity pools to ensure the liquidity and stability of $RF in secondary markets. * **90% — Community Incentives:**\ Used to reward users and partners for participation and contribution, promoting ecosystem expansion and sustainable growth. This distribution structure embodies RoamFi’s **community-first governance philosophy**, ensuring decentralization while reinforcing the cultural principle that participation and contribution are the only paths to gain — ***“No Pays, No Gains”.*** {% endstep %} {% step %} ### Treasury Function At the same time, $RF serves as the **primary reserve asset** of the RoamFi Treasury.\ The project’s net cash flow is stored in $RF, forming on-chain treasury assets and ensuring a direct connection between governance and financial performance. {% endstep %} {% step %} ### Governance Function RoamFi operates as a **Decentralized Autonomous Organization (DAO)**, with **$RF** serving as its core governance token.\ Community members holding $RF can participate in governance voting, exercise decision-making power, and collectively drive the development of the ecosystem. {% endstep %} {% endstepper %} # Core Concepts # Proof-of-Purchase (PoP) The concept of **Proof-of-Purchase** was first proposed by the [TaleX](https://app.talex.world/) project, and RoamFi is the first project to formally implement this concept. Classical economics has long considered that market demand is the source of everything, and the slogan “the customer is king” has been widely spread. However, demand has always been regarded as a random and passive behavior that cannot be accurately measured or empowered. No one has ever considered demand itself to be an economic resource qualified to participate in distribution. This has led to demand being ignored for a long time in the process of wealth distribution. Today, computers and blockchain technology have changed this issue. Tokens can be issued based on **Proof-of-Purchase** from demand-side participants, tracking the generation of business cash flow, and further driving the growth of cash flow through token incentives. Specifically: * Every real-world purchase (purchasing mobile data, buying coffee, taking a ride, using SaaS services) can be precisely recorded and synchronized on-chain. * Tokens are no longer issued through meaningless computational mining or out of thin air. Every real-world purchase becomes the source of token issuance. * Businesses inject the cash flow obtained from sales into the on-chain treasury as liquidity pool, linking it directly to token value. * The treasury as liquidity pool becomes a transparent bridge between businesses and their users, forming a verifiable and sustainable growth cycle. This logic creates an entirely new business model: {% hint style="success" %} **Purchase → Cash Flow Generation → Token Rewards → Users Benefit → More Purchases → More Cash Flow** {% endhint %} In this logic, purchases are no longer passive but become an active, consensus-forming force: they drive the growth of on-chain liquidity, enhance the transparent business treasury, and firmly anchor digital assets to product sales. This not only removes the embarrassment of “airdrops” (tokens issued without backing), but also makes purchasing behavior the true center of value. # Tokens Replacing Loyalty Points The concept of “Tokens Replacing Loyalty Points” was first proposed by the [TaleX](https://app.talex.world/) project, and RoamFi is the first project to formally implement this concept. ### 1. Limitations of Loyalty Points Traditional consumer incentive systems typically issue **loyalty points** to attract users and increase retention.\ However, this model has significant structural flaws: * **No distinction between early and late users:**\ Regardless of when users join, the point value remains constant, failing to reward early supporters. * **Unlimited issuance, constant devaluation:**\ Points have no cap. Continuous issuance leads to inflation and loss of value. * **Cash flow pressure:**\ Users tend to redeem points as quickly as possible to avoid devaluation, which creates liquidity pressure on the business. This zero-sum dynamic pits users and the business against each other — what benefits one often harms the other — making win-win outcomes nearly impossible. ### 2. Advantages of Token Incentives Replacing points with tokens fundamentally transforms the incentive mechanism: * **Scarcity and value potential:**\ Tokens have a limited total supply, often following a decreasing issuance model.\ As the project grows, token value may increase — rewarding early users and long-term holders. * **Reduced redemption pressure:**\ Users are more inclined to hold tokens in anticipation of appreciation rather than redeem them immediately, alleviating cash flow stress for the business. * **Market-based pricing:**\ Tokens can circulate freely on secondary markets, where prices reflect real-time market sentiment — creating a transparent and efficient feedback mechanism. As the project grows and the token price appreciates, two outcomes occur simultaneously: 1. User enthusiasm and consumption rise. 2. The business gains stronger incentive power. This synergy establishes a **true win-win model** between users and the project. # Treasury as Liquidity Pool ### 1. The Significance of an Public Treasury In traditional corporate operations, company treasuries are typically hidden in private bank accounts, accessible only to a few members of senior management. Even with modern auditing systems capable of issuing periodic reports, it remains impossible to display a company’s financial status in real time. For companies that are not publicly listed, audits are not only time-consuming but also costly — often unaffordable. Yet these companies already maintain close relationships with investors, partners, and users, all of whom demand greater financial transparency. Blockchain technology provides a revolutionary solution to this problem. As long as company assets exist in the form of tokens, they can be transparently presented on-chain and verified by anyone at any time, without incurring additional costs. This mechanism drastically reduces trust barriers and significantly enhances the company’s credibility among investors and partners. {% hint style="info" %} **RoamFi DAO multi-signature treasury address:** 0xf672147aB04Efd569A37ec8D654327d9Cf656263 {% endhint %} ### 2. Treasury Composition For any organization that issues a governance token and adopts the “Tokens Replacing Loyalty Points” mechanism to incentivize consumers, **treasury transparency** is essential. Accordingly, the treasury’s assets should primarily consist of crypto tokens. {% hint style="info" %} As the issuer of the governance token **$RF**, RoamFi’s primary reserve asset is $RF itself. However, in order to maintain the market stability of $RF and to mitigate volatility-driven price fluctuations, the treasury will also include other reserve assets: * **$BNB** — The governance token of the BNB Chain, the core ecological asset that RoamFi is built upon. * **$BTC** — The foundational asset of the blockchain industry and its primary store of value. {% endhint %} This configuration enhances the overall stability of the treasury while allowing it to share in the growth of the surrounding ecosystems. ### 3. Treasury Enhancement RoamFi will take **cash flows generated from fiat-based purchases** — after deducting taxes and supplier costs — and convert the resulting **net cash flows** into crypto assets on a **daily basis**, depositing them into the multi-signature treasury. {% hint style="info" %} Initial asset storage ratio: **$RF : $BNB = 1 : 1** {% endhint %} This ratio, as well as the composition of treasury assets, can later be **adjusted through community governance**, ensuring flexibility and adaptability to market conditions. ### 4. Treasury usage Rules RoamFi will publish **monthly financial reports and budgets**. All treasury expenditures must follow the approved budget and will be reconciled at the end of each month. When necessary, additional withdrawals or replenishments from the treasury will be conducted. Asset withdrawals must follow the **same proportion** as the initial deposits — meaning $RF, $BNB, and $BTC must be withdrawn proportionally to maintain structural stability within the treasury. ### 5. Treasury as Liquidity Pool **AMM (Automated Market Maker)** technology represents a major innovation in blockchain, enabling a treasury to exist as a **liquidity pool** with **real-time external trading capabilities**. {% hint style="info" %} RoamFi will be among the first projects to implement this model in collaboration with TaleX. All treasury assets will be added to liquidity pools via decentralized exchanges (DEX), configured as follows: * **$RF : $BNB (100%)** {% endhint %} This mechanism not only ensures the liquidity of $RF but also enables all token holders to freely exchange $RF for other assets at any time via the liquidity pool. In the equity era, shareholder ownership lacked a direct, real-time connection to a company’s net assets. The **“liquid treasury”** model bridges this gap for the first time — establishing an **immediate linkage between tokens and enterprise assets**, pioneering a new paradigm for **decentralized governance**. # Consumption, Treasury, and Growth Linkage The **tradable nature of tokens** allows them to become the **core reserve assets** of a project’s on-chain treasury. This mechanism directly connects consumer spending with project growth: | Consumer Action | Business Result | | -------------------- | -------------------------------- | | More purchases → | Higher project revenue | | Higher revenue → | More tokens stored in treasury | | Larger reserves → | Stronger token price support | | Rising token value → | Direct benefit for token holders | For the first time, consumers experience that **spending not only grants product access but also generates value** for themselves.\ This alignment fosters stronger user engagement, higher sales, and a **positive cycle of shared growth** between businesses and their customers. #### Comparison: Loyalty Points vs. Tokens | Dimension | Loyalty Points | Tokens | | ----------------------- | ---------------------------------------------------------------- | -------------------------------------------------------------------------------------------- | | **Issuance Mechanism** | Unlimited issuance, continuous inflation, leading to devaluation | Limited total supply, or decreasing issuance model, ensuring scarcity | | **Value Stability** | Continuously devalues over time | Potential to appreciate with project development and market demand | | **User Incentives** | No difference between early and late users | Early users have more opportunities to gain additional benefits | | **Liquidity** | Can only be consumed or redeemed within the project | Freely tradable on secondary markets, with asset properties | | **Price Discovery** | No market price, only determined by the project party | Market-based pricing, transparent and public | | **Impact on Cash Flow** | Users tend to use points quickly, causing cash flow pressure | Users tend to hold long-term, relieving pressure on cash flow | | **User Experience** | Expires once used, no asset property | Can appreciate in value, consumption becomes acquiring tangible value, forming positive loop | | **Project Value Link** | Detached from project growth | Treasury-reserved tokens directly link consumption with growth | # Token Incentive Rules ### 1. Basic Unit * Each fiat-based purchase triggers $RF token rewards. * The initial reward pool is **2,000,000 $RF tokens**, i.e., for every $1 spent, users receive on average **200 $RF tokens**. * For cumulative sales up to $100,000, the decay step is $10,000. For $100,000–$1,000,000, the decay step is $100,000. For $1,000,000–$10,000,000, the decay step is $1,000,000, and so on. * The decay factor is **0.83**. ### 2. Decay Mechanism (cycle of $10,000 sales) * First $10,000 sales: reward = **2,000,000 tokens**. * Second $10,000 sales: reward = **2,000,000 × 0.83**. * Third $10,000 sales: reward = **2,000,000 × 0.83²**. * And so on, until the 10th $10,000 (total $100,000 in sales is completed). ### 3. Progressive Tiers (cycle of $100,000 sales) After reaching $100,000 in sales, the next phase rewards are scaled up proportionally: * Second $100,000 sales: reward = (10th $10,000 reward) × 10 × 0.83. * Third $100,000 sales: reward = (previous phase reward) × 0.83. * And so on, until the 10th $100,000 (total $1,000,000 in sales). ### 4. Higher Tiers ($1M, $10M, $100M, ...) The same rules apply. In each large cycle, the 2nd phase reward = (last reward of previous cycle) × 10 × 0.83. All subsequent rewards continue to decay by a factor of 0.83. ### 5. User Distribution Method Each sales phase reward ***R******n*** is distributed among users in proportion to their share of sales in that phase. $$ U\_i = R\_n \times \frac{C\_i}{\sum\_j C\_j}, $$ Where: * ***U*****𝑖** = number of tokens received by user 𝑖 * **𝐶****𝑖** = spending of user 𝑖 in this phase * **∑****𝑗****𝐶****𝑗** = total spending of all users in this phase ## Key Design Features * **Maximum Early Incentives:** \ The first $10,000 in sales has the highest reward (2,000,000 tokens), attracting early users to participate quickly. * **Gradual Decay Per Unit Consumption:**\ Rewards decrease progressively with a **0.83 coefficient**. * **Scaled Reset at Higher Tiers:**\ Each new larger sales tier resets rewards based on the last reward of the previous cycle, multiplied before continuing decay. * **Layered Exponential Decay Model:**\ Ensures long-term scarcity of the token supply.

Step Chart: Acquisition Cost Per Token by Sales Cycle Progress in USD

Step Chart: Acquisition Cost Per Token by Sales Cycle Progress in Token

# Referral Incentive Distribution Mechanism To encourage users to share RoamFi services, drive organic growth, and build a sustainable referral network, RoamFi introduces a **multi-tier token reward system** based on hierarchical relationships. Whenever token rewards are generated from fiat-based purchases within the RoamFi ecosystem, a portion of those rewards is automatically distributed to the user’s referrers (uplines), establishing a **self-propagating incentive model** that supports long-term ecosystem expansion. ### Reward Distribution Ratio Each transaction that generates token rewards will be distributed as follows: | Role | Distribution Ratio | | ---------------- | ------------------ | | Consumer | 80.0% | | Level 1 Referral | 16.0% | | Level 2 Referral | 3.3% | | Level 3 Referral | 0.6% | | Level 4 Referral | 0.1% | **Notes:** * Tokens are distributed instantly according to the ratios above, while the upline-downline binding relationship remains valid for **three years**. * If a user joins RoamFi without a referral, the corresponding upline reward portion is **donated to the ecosystem pool**, to be used for future ecosystem incentives and development initiatives. This **referral fission model** is designed to: * Encourage early users to actively share and promote RoamFi. * Build a network of users based on trust and mutual benefit. * Increase user engagement, retention, and platform activity. * Expand RoamFi’s influence through social recommendations, achieving **low-cost, high-efficiency growth**. # Token-based Consumption In traditional business models, consumers pay for products and services at a price that includes a markup over cost, while profits are typically distributed back to **shareholders** through dividends. RoamFi redefines this mechanism — when users **hold and spend the governance token $RF**, they receive **direct value benefits** from their consumption. This approach extends the concept of value sharing beyond shareholders to **all token holders**. ### Mechanism Design * When users exchange $RF for account balance ($RUSD) and use it for consumption, the system converts $RF to $RUSD **at a 1:1 market rate**, and provides an **additional 20% bonus** in $RUSD balance. * This mechanism not only encourages users to choose $RF as a preferred payment method, but also reinforces the alignment between **token utility**, **governance rights**, and **value growth**. ### Advantages and Impact * **User Incentives:**\ Expands real-world use cases for the governance token and increases demand, strengthening token value and circulation. * **Governance Integration:**\ Aligns token ownership with real consumption activity — uniting governance rights and usage rights under one ecosystem. * **Operational Efficiency:**\ Payments made in $RF can be directly stored in the project’s on-chain treasury without complex conversion processes, improving efficiency and security of fund management. This mechanism not only brings **immediate benefits to users**, but also enhances the **practical value and utility** of $RF — creating a **positive feedback loop** connecting **consumption, governance, and treasury growth**. # Terms & Conditions Last Updated: October 21, 2025 ### Agreement and Legal Terms We are **Metasset Co., Ltd.**, doing business under the name **RoamFi** (hereinafter referred to as the “Company,” “we,” or “our”), registered at **Room 2401-16, 24/F, Wing Shing Industrial Building, 26 Ng Fong Street, San Po Kong, Kowloon, Hong Kong**, VAT number **EIN 3244409**. We provide a variety of services, products, websites, and mobile applications (collectively, the “Services”), including **data access packages (such as RoamFi FLEX, RoamFi FIX), eSIM**, as well as other technologies and products that provide internet connectivity while traveling. For more details about the Services, please refer to our website, documentation, and policies. This **Terms of Service** (hereinafter referred to as the “Legal Terms” or “Agreement”) applies to your access to and use of our Services. If you do not agree to all of this Agreement, you are prohibited from accessing or using the Services, and you must immediately cease all access and use. We reserve the right to update or modify this Agreement at any time, without prior notice (unless applicable law requires minimum notice). The updated Agreement shall take effect immediately upon publication (or within the shortest legally permitted period). If you continue to use the Services after being notified of updated terms, you are deemed to have accepted and agreed to be bound by the updated terms. These Services are only available to users **18 years of age or older**. Individuals under 18 are not permitted to use or register for the Services. **Important Notice:** This Agreement is a legal contract between you and the Company. It includes **limitations of liability and remedies, waivers of class actions and jury trials, automatic renewal clauses, and other terms that may limit your rights. Please read carefully.** ### Our Services Our Services are available in **more than 180 countries worldwide**, with specific applicable coverage published on our website and subject to future adjustments. However, the Services are **not designed for or distributed to any jurisdiction where such use would violate local laws or regulations, or where it would require us to undertake registration or government licensing obligations**. If users choose to access or use the Services in such jurisdictions, it shall be solely at their own discretion and **their full responsibility to comply with local laws and regulations** (to the extent applicable to the Services or related information). Furthermore, the Services are **not designed to meet compliance requirements of specific industries** (such as healthcare, finance, or other sensitive or regulated data sectors). The Services are **not intended for emergency use**, and users should not rely on them as the sole means of handling emergency or life-threatening situations. ### Intellectual Property We are the owner or licensee of the Services and related intellectual property, including all **source code, databases, functions, software, website design, audio, video, text, photos, and graphics** (collectively, “RoamFi Intellectual Property”), as well as the trademarks, service marks, and logos contained therein (collectively, the “Marks”). RoamFi Intellectual Property and Marks are protected by **copyright law, trademark law, and other intellectual property and unfair competition laws and treaties** in Hong Kong and worldwide. RoamFi Intellectual Property and Marks are provided “**as is**” solely for your personal, non-commercial use in connection with the Services. Subject to other provisions in this Agreement, we grant you a **non-transferable, non-exclusive, worldwide, limited right** to access and use the Services (including RoamFi Intellectual Property) for personal purposes in accordance with our documentation and policies. You may only use the Services for lawful purposes and in compliance with these Terms. ### Your Use of the Services By accessing the Services, you represent and warrant that: * You are legally permitted to use and access the Services; * Any data processing or transmission related to such use is your sole responsibility; * You bear full responsibility for your access to, selection of, and use of the Services. ### Modifications, Interruptions, and Corrections We reserve the right at any time, for any reason, to **change, modify, suspend, or remove the Services and related content** at our sole discretion, without notice to you and without liability to you or any third party. We are under no obligation to update any information contained in the Services. We can not guarantee that the Services will always be available. Our Services, suppliers, or partners may cause interruptions, delays, or errors due to hardware, software, or other issues, or due to maintenance needs. You agree that we are not liable for any loss, damage, or inconvenience caused by your inability to access or use the Services. These Terms should not be interpreted as obligating us to maintain or support the Services beyond our current policies, or to provide any fixes, updates, or releases. The Services may contain **typographical errors, inaccuracies, or omissions**, including in descriptions, pricing, availability, or other information. We reserve the right to correct such errors, inaccuracies, or omissions at any time and to modify or update related information without prior notice. ### User Representations and Data, Information, and Content You represent and warrant that: * All registration and other information you submit is true, accurate, current, and complete; * You will maintain the accuracy of such information and promptly update it as necessary; * You have legal capacity and agree to comply with these Terms; * You are not a minor in your jurisdiction of residence; * You will not access the Services through automated or non-human means (e.g., bots, scripts); * You will not use the Services for any illegal or unauthorized purpose or violate any acceptable use policy; * Your use of the Services and transmission/processing of any data or content does not violate applicable laws, regulations, or third-party rights. If any information you provide is untrue, inaccurate, not current, incomplete, or violates laws/regulations or third-party rights, we have the right to suspend or terminate your account and deny you current or future use of the Services. You may not upload, post, or transmit any content that: * infringes on our or a third party’s ownership, privacy, publicity, or intellectual property rights; * is obscene, defamatory, threatening, harassing, abusive, hateful, or harmful; * violates applicable laws/regulations; * jeopardizes account or Service security; * promotes or displays pornography, violence, racial hatred, discrimination against individuals, groups, or organizations, vulgar language, illegal drugs, or related paraphernalia. We reserve the right (but not the obligation) to pre-screen, review, tag, filter, modify, reject, or remove any content from the Services. You understand and expressly acknowledge that while using the Services, you may encounter content that is offensive, indecent, or objectionable, and we accept no liability for such. You hereby grant us and our contractors, representatives, and agents the right and license to access, store, process, and use any data, information, or content you provide for the purposes of fulfilling obligations, providing the Services, and exercising the rights set forth in these Terms. To the extent permitted by law, we may monitor your use of the Services and use or develop your data, information, and content in aggregated or anonymized form for **statistics, performance analysis, service optimization, new product or service development, and artificial intelligence or machine learning**. We retain the **sole and exclusive intellectual property rights** in such aggregated/anonymized information, AI/ML results, and any resulting improvements, new products, or services. ### User Registration You may be required to register in order to use the Services. You agree to keep your password confidential and are responsible for all activities that occur under your account and password. We reserve the right, at our sole discretion, to delete, reclaim, or change the username you choose. ### Purchases and Payment Certain Services may be purchased through the packages or plans described on our website or in our documentation. Such Services may include credits or rights to access or use the Services under certain time periods or conditions (for example, a number of days or data usage). Service packages, rights, fees, and credits are **not exchangeable for cash, non-refundable, and non-cancellable**, unless otherwise provided in these Terms, our policies, or required by applicable laws or regulations. As you use the Services, your account balance will decrease based on usage. Some service plans may include maximum usage within a specified time (e.g., up to xx days or xx GB within 12 months), with fees prepaid or recurring. If you do not use the maximum allowance, there will be no refund. Depending on the specific Services you purchase, unused allowances may or may not carry over to the next period. **Service plans include but are not limited to:** * **RoamFi FLEX:** usable in any supported country, billed by specified days and/or data. * **RoamFi FIX:** valid for a specified period starting from purchase or activation (e.g., 30 days from activation), with unused allowances expiring. * And other Services or packages we may offer from time to time. Our Service plans are further described. You should carefully select the plan suitable for you. If you do not fully use your purchased allowance, you will generally not receive a refund unless otherwise explicitly stated or required by law. Some packages remain valid long-term, as described in the plan. If you do not use your Service plan for an extended period (e.g., 12 months, or another period determined by RoamFi), your account may be marked as “inactive.” You may reactivate it under these Terms and policies through the methods we provide. **We accept the following payment methods** (subject to change or processing via third-party platforms): * Visa * Mastercard * American Express * Discover * Apple Pay * Google Pay You agree to provide accurate, complete, and up-to-date payment and account information and to promptly update it when necessary (including email, payment method, and card expiration date), so that we can complete transactions and contact you when needed. The terms of use related to your payment method are separately agreed between you and the payment service provider (such as your issuing bank or third-party platform). You should determine your related rights and obligations under that agreement, not under these Terms. All prices are **exclusive of taxes**. You are responsible for all sales tax, VAT, or other taxes incurred in connection with your use of the Services or transactions (excluding our U.S. income tax). We may collect applicable taxes at the time of payment processing. We may change service plans, prices, and terms at any time. All payments are denominated in U.S. dollars and are non-refundable and non-cancellable unless otherwise specified. You agree to pay all fees required for valid orders (including shipping, handling, or taxes), and you authorize us to directly charge your selected payment method. If your order involves recurring or renewal charges, you agree that we may automatically charge at each cycle or renewal until you cancel. You may cancel future renewals in accordance with these Terms, our website instructions, or by contacting us. We reserve the right to correct any errors in service plans, pricing, or fees even if payment has been requested or received. We reserve the right to refuse any activation request or order, and we may also limit or cancel purchases per customer, per account, per payment method, or per address. We may also limit or reject orders that we believe are from dealers, resellers, or distributors. ### Promotional Rewards We may from time to time provide promotional rewards, discounts, credits, or tokens (“Rewards”) to offset part of the cost of service plans or transactions. Rewards are not exchangeable for cash and are non-refundable. ### Refund Policy All transactions are final and non-refundable unless otherwise specified in these Terms or required by law. ### Disclaimer The Services are provided on an **“as is” and “as available”** basis. You agree that your use of the Services is entirely at your own risk. To the maximum extent permitted by law, we disclaim any express or implied warranties, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not guarantee or represent the accuracy or completeness of the Services and accept no liability for: * errors, omissions, or inaccuracies in content; * personal injury or property damage resulting from the use of the Services; * unauthorized access to or use of our Services and/or any data, including personal or financial information; * interruptions or termination of transmissions; * viruses, trojans, or similar programs transmitted by third parties through the Services; * any errors, omissions, or losses caused by data loss or corruption. We do not warrant, endorse, or assume responsibility for any third-party products or services provided or advertised through the Services or linked websites, and we are not a party to nor responsible for any transaction between you and third-party providers. As with any environment in which you purchase products or services, you should exercise caution and sound judgment. ### Limitation of Liability In no event shall we, our directors, employees, or agents be liable to you or any third party for any **direct, indirect, consequential, exemplary, incidental, special, or punitive damages** (including lost profits, lost revenue, lost data, or other losses) arising from your use of the Services, even if we have been advised of the possibility of such damages. Notwithstanding anything to the contrary, our total liability to you (regardless of cause or form of action) shall always be limited to the amount you paid us in the six (6) months prior to the event giving rise to liability. This is a total limit, not per incident. Certain Hong Kong and international laws do not allow limitations on implied warranties or exclusions or limitations of certain damages. If such laws apply to you, some of the above disclaimers or limitations may not apply, and you may have additional rights. For example, nothing in these Terms shall limit Hong Kong consumers’ rights under the **Consumer Goods Safety Ordinance (Cap. 456)**, **Sale of Goods Ordinance (Cap. 26)**, **Control of Exemption Clauses Ordinance (Cap. 71)**, or other consumer protection laws. ### Indemnification You agree to defend, indemnify, and hold harmless us, our subsidiaries, affiliates, officers, agents, partners, and employees from and against any loss, damage, liability, claim, or demand (including reasonable attorneys’ fees and expenses) made by any third party due to or arising from: * your access to or use of the Services (unless caused by our intentional misconduct or gross negligence in providing the Services); * your violation of these Terms (including your representations and warranties hereunder); * your data, information, or content (including infringement of third-party intellectual property or privacy rights); * any harmful conduct by you toward other users connected via the Services. Notwithstanding the foregoing, we reserve the right, at your expense, to assume exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate with our defense. We will use reasonable efforts to notify you of any such claim, suit, or proceeding upon becoming aware of it. ### Electronic Communications, Transactions, and Signatures Accessing or using the Services, sending us emails, and filling out online forms constitute **electronic communications**. You consent to receive electronic communications and agree that all agreements, notices, disclosures, and other communications provided via email or the Services satisfy any legal requirement for written form. You hereby consent to the use of **electronic signatures, electronic contracts, electronic orders, and other electronic records**, and agree that we may deliver notices, policies, and transaction records electronically. You waive any rights under any jurisdiction that require an original signature, non-electronic records, or non-electronic payments. ### Miscellaneous These Terms, any supplemental terms we publish for specific service plans or Rewards, and any policies or operating rules posted by us on the Services constitute the entire agreement between you and us. Our failure to exercise or enforce any right or provision shall not constitute a waiver of that right or provision. These Terms are valid to the maximum extent permitted by law. We may assign or delegate our rights and obligations under these Terms at any time. We are not liable for delays or failures to perform due to causes beyond our reasonable control. If any provision of these Terms is found illegal, invalid, or unenforceable, that provision shall be severable and modified to reflect the parties’ original intent as closely as possible within the law, without affecting the validity of the remaining provisions. These Terms do not create a joint venture, partnership, employment, or agency relationship between you and us. You agree not to contest these Terms due to their electronic form or lack of signature. ### Contact Us For issues, concerns, or complaints related to the Services, or for further information, please contact us at: **Metasset Co., Ltd.**\ Room 44, 5/F, Block F, Cyberport 3\ 100 Cyberport Road, Hong Kong\ Tel: +852 54163686\ Email: **** # Privacy Policy Last Updated: October 21, 2025 ### Personal Information We Collect We may collect a range of personal information. “Personal information” refers to information that can uniquely identify, relate to, describe, or can reasonably be associated with you. The types of personal information we collect may include: * **Account Information** — When you create an account on our website or App, we collect your name (first and last), email address, and password. You may also choose to provide your country of residence in your account profile. * **Website Usage Information** — When you use our website, we may automatically collect information including your Internet Protocol (IP) address, device geolocation, browser type, referring URL (e.g., the website you visited before accessing ours), the domain associated with your Internet service provider, and other information related to your interaction with our website (“Usage Information”). * **Location Information** — When you use our App, we may request to collect your location information to show you how much data your account balance can purchase based on your current location. * **Connection Information** — When you use our App and activate an eSIM, we collect the cellular data volume you used, the geographic region where you used cellular data, and the amount you paid for purchasing cellular data (“Connection Data”). * **Communication Information** — We may collect personal information contained in communications when you interact with us via email, online chat, or phone. To the extent permitted by applicable law, we may collect and retain recordings of calls and chats with our agents, representatives, or employees, including messages, chats, posts, or similar features. ### How We Collect Personal Information * **Directly from you** — When you voluntarily provide information to us (e.g., contacting RoamFi or registering an account), we collect your personal information. * **Through cookies and other online tracking technologies** — We use cookies and similar technologies to collect the following: * “Usage Information” related to your activity on our website; * “Connection Data” related to your activity on our App.\ For more details on these technologies, see the section **“Cookies and Tracking Technologies”** below. ### How We Use Personal Information To the extent permitted by applicable law, we use your personal information for the following purposes: * **Providing and personalizing our App** — Including customer support, maintaining your registered account, managing your account balance, creating and maintaining business records, and performing similar activities. * **Internal research and development** — Including testing and validating the quality of our website and App, improving them, and compiling statistics on their usage. * **Marketing** — Sending you information related to the App, such as messages, notifications, newsletters, surveys, or promotional campaigns. * **Communicating with you** — Responding to your questions and feedback. * **Legal, safety, or security reasons** — Including protecting our and users’ safety, property, or rights; complying with legal requirements; enforcing our terms, conditions, and policies; detecting, preventing, and responding to security incidents; and preventing malicious, deceptive, fraudulent, or unlawful activity. * **Corporate transactions** — In connection with the sale, acquisition, or other corporate transactions (including bankruptcy) involving all or part of the company’s assets or business. ### How We Disclose Personal Information We may disclose your personal information in the following circumstances: * **Service providers** — Where necessary, we may share your personal information with third-party service providers who support our website, App, or other aspects of our business. * **Legal obligations or safety reasons** — Where we have reasonable grounds to believe disclosure is necessary to: * comply with any law, regulation, legal process, or government-enforced requirement; * enforce or investigate potential violations of agreements you have with us; * detect, prevent, or address fraud, security, or technical issues; * support audit and compliance functions; * protect the rights, property, or safety of RoamFi, its employees, users, or the public. * **Mergers or change of control** — If we are involved in a merger, acquisition, or any other transaction involving a change in control of the business (including bankruptcy or similar proceedings), we may disclose personal information to third parties. Where required by law, we will notify you before disclosure. ### Cookies and Other Tracking Technologies We and our service providers may use cookies and similar technologies to collect information about how you use our website and App (“Usage Information”). Information collected through these technologies (which may include or be combined with personal information) is used to: * help operate certain features of our website and App; * personalize and improve your user experience; * help us better understand which website and App features users care about most. We use analytics services (including Google Analytics) to assist in analyzing Usage Information collected on our website. * You can view the [Google Privacy Policy](https://policies.google.com/privacy) and [“How Google Uses Data from Sites or Apps that Use Our Services”](https://policies.google.com/technologies/partner-sites) page to learn how Google uses data. * You can download the Google Analytics opt-out browser add-on, but this will not prevent you from using other analytics tools. * For more about Google Analytics cookies, see the[ Google Analytics Cookie Usage on Websites](mailto:undefined) page. We also allow third parties such as Google and Meta to collect certain usage information within our App to help track conversions, measure ad campaign success, and compile statistics on App usage. * For more about how Meta uses data, see the [Meta Privacy Policy](https://www.facebook.com/privacy/policy/). Most browsers allow you to block, delete, or disable cookies, and your mobile device may allow you to disable unique identifiers and location data transmission. If you refuse cookies or block device identifiers, some functions of our website or App may be unavailable or restricted. Please check your browser or mobile device help pages for instructions. At this time, we do **not respond to “Do Not Track (DNT)” signals** from browsers. ### How Long We Retain Personal Information Unless required by applicable law, we retain personal information for as long as necessary to achieve the purposes described in this Privacy Statement. Criteria for determining retention include: * whether we need your personal information to provide services within the App; * whether we have an ongoing business relationship with you; * whether you have made requests for information; * whether we have legal rights or obligations to retain your information; * whether we have obligations to third parties involving your personal information; * whether our retention or recordkeeping policies require us to retain your personal information; * whether we have other business purposes for continued retention. ### How We Protect Personal Information We use reasonable commercial measures to protect the confidentiality and security of personal information. However, while we strive to store personal information in a secure environment, we **cannot guarantee** absolute security during transmission or storage in our systems. ### Children's Privacy Our App and website are intended for users aged 18 and older. We do not knowingly collect or solicit personal information from anyone under the age of 18. If we discover we have collected personal information from a person under 18, we will promptly take steps to delete such information. If you are a parent or legal guardian and believe your child has provided personal information to us, you may contact us at ****. ### Links to Third-Party Websites We are not responsible for the practices of any third-party websites or services that are linked to our website or App, including the information or content contained therein. We recommend that you carefully investigate and ask questions before disclosing personal information to third parties, as any personal information you disclose will be handled in accordance with the relevant third party’s privacy statement. ### Hong Long Residents Metasset Co., Ltd., doing business as RoamFi (“RoamFi”), is incorporated in Hong Kong and complies with the *Personal Data (Privacy) Ordinance* (Cap. 486) (“PDPO”). Under the PDPO, Hong Kong residents have the right to request access to and correction of their personal information that we hold. To make such a request, please contact us at ****. ### California Residents Under California Civil Code Section 1798.83, individual customers who reside in California and have a business relationship with us may request information regarding our disclosure of certain categories of personal information (if any) to third parties, where such disclosures are for the direct marketing purposes of those third parties.\ To make such a request, please email ****.\ Please note that not all information sharing is subject to these California privacy rights requirements, and our response will only cover information sharing within the scope required by law. You may make this type of request no more than once per calendar year. ### Residents of the United Kingdom, European Union, European Economic Area, and Switzerland This section provides additional information for individuals located in the United Kingdom (“UK”), the European Union (“EU”), the European Economic Area (“EEA”), and Switzerland regarding RoamFi’s processing of their personal information, to comply with the UK General Data Protection Regulation (UK GDPR), EU General Data Protection Regulation (EU GDPR), and the Swiss Federal Data Protection Act. * **Legal Basis for Processing:**\ The legal basis on which we process personal information depends on the personal information concerned and the specific context. We will process your personal information where:\ • We need to perform a contract with you;\ • The processing is in our legitimate interests (including the purposes set out in this Privacy Policy);\ • The processing is required for us to comply with a legal obligation;\ • Or, with your consent. * **Special Category Data:**\ RoamFi does not intend to collect any “special category data.” “Special category data” includes information revealing your racial or ethnic origin, political opinions, religious, moral or philosophical beliefs, trade union membership, political stance, or data concerning genetics, biometric identifiers, health, sex life, and/or sexual orientation. Please refrain from providing such data to us. * **Automated Decision-Making:**\ RoamFi will not make any automated decisions on your behalf or concerning you without your explicit opt-in consent. If we process information on the basis of your consent, you may withdraw that consent at any time by contacting us at **** to object to automated decision-making. * **Cross-Border Data Transfers:**\ Personal information that we collect or receive may be transferred to and/or processed by third parties located outside the EU, EEA, Switzerland, or UK. Some of these regions may not be deemed by regulatory authorities to provide an adequate level of personal information protection. RoamFi will only transfer personal information outside the EU, EEA, Switzerland, and UK where adequate safeguards are in place, such as using Standard Contractual Clauses or other lawful and approved methods. ### Your Privacy Rights and How to Exercise Them Depending on the applicable data protection laws in your region, you may have the following rights with respect to your personal information: * **Access** — The right to know what personal information we have collected about you, and to access that information. * **Data Portability** — The right to receive a copy of your personal information in a portable and readily usable format. * **Deletion** — The right to request deletion of personal information we have collected about you, subject to certain legal exceptions. * **Correction** — The right to request correction of inaccuracies in your personal information. * **Objection/Restriction of Processing** — The right to object to or restrict our processing of your personal information in certain circumstances. * **Withdraw Consent** — The right to withdraw consent where we rely on your consent to process personal information. * **Lodge a Complaint** — The right to lodge a complaint with a supervisory authority or other relevant authority if you believe we have infringed upon your rights under applicable data protection law. We encourage you to contact us first so we may address your concerns directly. To exercise any privacy rights under applicable data protection law, please submit your request to us by: * Phone: +852 54163686 * Email: **Unsubscribing from Marketing Emails:** If you wish to unsubscribe from our marketing emails, please follow the instructions provided in those communications. Please note that even if you unsubscribe from certain marketing-related communications, we may still contact you regarding important transactional or administrative information where permitted by law. **Consequences of Withdrawing Consent or Restricting Processing:** If you withdraw consent, object to our processing of personal information, or choose not to provide certain personal information, we may be unable to provide some or all of our services to you. ### Changes to this Privacy Policy Please note that we may modify or update this Privacy Policy from time to time, so please review it periodically. If we make material changes to this Privacy Policy, we will provide notice to you. Unless otherwise stated, any changes to this Privacy Policy will be effective immediately upon being posted on our website and App. ### Contact Us If you have any questions about our practices or this Privacy Policy, you can contact us at: * Phone: +852 54163686 * Email: # Disclaimer Last Updated: October 21, 2025 PLEASE READ THE ENTIRETY OF THIS "LEGAL DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER METASSET CO., LTD. (THE **COMPANY**), ANY OF THE PROJECT CONTRIBUTORS (THE **ROAMFI TEAM**) WHO HAVE WORKED ON ROAMFI (AS DEFINED HEREIN) OR PROJECT TO DEVELOP ROAMFI IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR AND/OR VENDOR OF $RF TOKENS (OR SUCH OTHER RE-NAMED OR SUCCESSOR TICKER CODE OR NAME OF SUCH TOKENS) (THE **DISTRIBUTOR**), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, DECK OR MATERIAL RELATING TO $RF (THE **TOKEN DOCUMENTATION**) AVAILABLE ON THE PROJECT SERVICES (THE **SERVICES**, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER SERVICES OR MATERIALS PUBLISHED OR COMMUNICATED BY THE COMPANY OR ITS REPRESENTATIVES FROM TIME TO TIME. ### Project Purpose You agree that you are acquiring $RF to participate in RoamFi and to obtain Services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for RoamFi. The Company is acting solely as an arms’ length third party in relation to the $RF distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of $RF. ### Nature of the Token Documentation The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of a digital token to be known as $RF. The Token Documentation and the Services are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, any offer to sell any product, item, or asset (whether digital or otherwise), or any offer to engage in business with any external individual or entity provided in said documentation. The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding or contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Services includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the RoamFi team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that the project development roadmap, platform/network functionality are subject to change and that the Token Documentation or the Services may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith. ### Validity of Token Documentation and Services Nothing in the Token Documentation or the Services constitutes any offer by the Company, the Distributor, or the RoamFi team to sell any $RF (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Token Documentation or the Services is or may be relied upon as a promise, representation or undertaking as to the future performance of RoamFi. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of $RF, is to be governed only by the separate terms and conditions of such agreement. The information set out in the Token Documentation and the Services is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of $RF, and no digital asset or other form of payment is to be accepted on the basis of the Token Documentation or the Services. The agreement for distribution of $RF and/or continued holding of $RF shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of $RF (the Terms and Conditions), which shall be separately provided to you or made available on the Services. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Services, the Terms and Conditions shall prevail. ### Deemed Representations and Warranties By accessing the Token Documentation or the Services (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the RoamFi team as follows: (a) in any decision to acquire any $RF, you have not relied and shall not rely on any statement set out in the Token Documentation or the Services; (b) you shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be); (c) you acknowledge, understand and agree that $RF may have no value, there is no guarantee or representation of value or liquidity for $RF, and $RF is not an investment product nor is it intended for any speculative investment whatsoever; (d) none of the Company, the Distributor, their respective affiliates, and/or the RoamFi team shall be responsible for or liable for the value of $RF, the transferability and/or liquidity of $RF and/or the availability of any market for $RF through third parties or otherwise; and (e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of $RF if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card or permanent visa holder of a geographic area or country (i) where it is likely that the distribution of $RF would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America, Canada, and the People's Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out. The Company, the Distributor and the RoamFi team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Services, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Token Documentation or the Services, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of $RF should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of $RF, the Company, the Distributor and the RoamFi team. ### $RF Token $RF are designed to be utilized, and that is the goal of the $RF distribution. In particular, it is highlighted that $RF: (a) does not have any tangible or physical manifestation, and does not have any intrinsic value/pricing (nor does any person make any representation or give any commitment as to its value); (b) is non-refundable, not redeemable for any assets of any entity or organization, and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates; (c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or licence rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to RoamFi, the Company, the Distributor and/or their service providers; (d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or intended purpose of which is to secure a profit or avoid a loss; (e) is not intended to be a representation of money (including electronic money), payment instrument, security, commodity, bond, debt instrument, unit in a collective investment or managed investment scheme or any other kind of financial instrument or investment; (f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit nor interest payment; and (g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates. Notwithstanding the $RF distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution. For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $RF). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business. ### Informational Purposes Only The information set out herein is only conceptual, and describes the future development goals for RoamFi to be developed. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans of the RoamFi team, and is provided solely for **INFORMATIONAL PURPOSES** and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Token Documentation or the Services may be amended or replaced from time to time. There are no obligations to update the Token Documentation or the Services, or to provide recipients with access to any information beyond what is provided herein. ### Regulatory Approval No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Token Documentation or the Services. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Token Documentation or the Services does not imply that the applicable laws, regulatory requirements or rules have been complied with. ### Cautionary Note on Forward-Looking Statements All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the RoamFi team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Token Documentation, and the Company, the Distributor as well as the RoamFi team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date. ### References to Companies and Platforms The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Token Documentation or the Services to specific companies and platforms are for illustrative purposes only. ### English Language The Token Documentation and the Services may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Services, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Token Documentation and the Services. ### No Distribution No part of the Token Documentation or the Services is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Token Documentation or by accepting any hard or soft copy of the Token Documentation, you agree to be bound by the foregoing limitations.