1. Nature of TAR Token

The "TAR Token" is a non-transferable digital credit used exclusively within The Abandonware Ring (AR) platform. It does not represent cryptocurrency, e-money, fiat currency, or financial instruments of any kind. TAR Tokens cannot be purchased directly, traded, or transferred between users.

TAR Tokens are credited to a user’s account only as a result of legitimate item sales on the platform. They serve as an internal accounting mechanism to:

• Track marketplace earnings,
• Facilitate spending on other items,
• Enable users to request a monetary withdrawal of earnings from confirmed transactions.

2. Jurisdiction and Regulatory Standing

The Abandonware Ring is operated by a company registered in Guernsey, Channel Islands, a self-governing British Crown Dependency. Guernsey is not part of the United Kingdom and is not regulated by the UK Financial Conduct Authority (FCA).

Under current Guernsey law:

• The TAR Token does not meet the definition of e-money, crypto-asset, or regulated financial product.
• The platform is not engaged in financial services activity requiring licensing under the Guernsey Financial Services Commission (GFSC).
• The marketplace operates as a digital goods intermediary, and any value held is traceable to user sales.

All operations comply with Guernsey’s AML/CFT standards, and we reserve the right to request identification (KYC) before withdrawals.

3. Funds Holding & Escrow Model

When a buyer purchases an item:

• Funds are collected by a third-party payment processor (e.g., PayPal),
• These funds are held temporarily in trust until the transaction is confirmed as successful (e.g., item shipped and received),
• Once confirmed, the seller’s account is credited with the equivalent value in TAR Tokens.

These TAR Tokens represent the right to request withdrawal, but are not an obligation to withdraw, and may instead be used for purchases within the platform.

Withdrawals are reviewed for:

• Fraud prevention,
• AML compliance,
• Confirmation of legitimate trade.

We do not pay interest on balances and do not pool or invest user funds.

4. Spending and Withdrawing TAR Tokens

Users may:

• Spend TAR Tokens internally to buy other items,
• Or request a withdrawal, at which point we will remit the equivalent value (minus any fees) via supported methods (e.g., PayPal).

Withdrawals may be denied, delayed, or reversed in cases of:

• Fraud,
• Abuse,
• Regulatory breach,
• Chargeback,
• or where adequate verification is not provided.

5. No Guarantee of Fiat Value

TAR Tokens have no guaranteed fiat value, and no rights to redemption unless directly linked to completed sales. They cannot be purchased outside the platform or sold to third parties.

6. Limit of Liability

We are not a financial institution and do not hold a fiduciary duty over user funds beyond:

• Accurate accounting of TAR balances, and
• Secure payout of legitimate earnings.

Users acknowledge that they use the platform at their own risk and agree that TAR Tokens are tools for accounting, not assets.

7. Changes and Enforcement

This policy may be updated periodically to reflect evolving regulatory or operational needs. Use of the platform constitutes acceptance of the latest version.