Terms of purchase ("T&C Stars Purchase")

These T&C Stars Purchase apply to the purchase of STARENA Stars (“STARS”) and Utility Moments (“uMoments”) from

STARENA GmbH, Schwarzseestraße 14, 6370 Kitzbühel/Austria

STARENA] is a limited liability company according to Austrian law.

STARENA operates a digital platform under starena.io ("Website") where Users have the opportunity to receive digital fan engagement services related to STARENA App ("Fan Platform"). For this purpose, STARENA offers a mobile app, through which the Fan Platform can also be used by Users.

These T&C Stars Purchase govern the sale and transfer of STARS and uMoments ("Stars Purchase") as well as the rights arising from the ownership of STARS and uMoments. Please read these T&C Stars Purchase carefully. If you do not agree to these terms and conditions, you cannot purchase STARS.


STARS are so-called utility Stars, which only entitle to use the services offered on the digital platform of [x] in the Fan Ecosystem. STARS are not securities or other financial instruments. In particular, STARS do not grant any claims for interest or dividend payments or even shareholder rights in relation to [x].

1. Exclusion of participation

The following natural persons and legal entities as well as partnerships are excluded from registration and from participating in the Stars Purchase:

Any person domiciled or habitually resident in jurisdictions in which the offering of cryptographic Stars is not permitted, or in countries listed by the European Commission as high-risk third countries, or other jurisdictions supervised by the Financial Action Task Force (FATF).

2. Stars and Utility Moments

2.1 STARS are cryptographic Stars based on an Ethereum-based private blockchain and the ERC-20 standard, the transferability of which by the individual user outside the services provided for in the Fan Ecosystem (2.3) is not currently planned.

2.2 Except as expressly provided in these terms and conditions, STARS does not grant any rights of any kind against [x]. In particular, STARS does not grant any ownership, distribution, revenue, liquidation, or ownership rights (including all forms of intellectual property) or any other property or other right with respect to [x] or any affiliates.

2.3 uMoments are on an Ethereum-based private blockchain and the ERC-1155 standard. They reference and point to a media file that may contain additional meta data.

2.4 Except as expressly provided in these terms and conditions, uMoments do not grant any rights of any kind against [x]. In particular, uMoments do not grant any ownership, distribution, revenue, liquidation, or ownership rights (including all forms of intellectual property) with respect to the media connected to the uMoment. uMoments also do not grant any other property or other right with respect to [x] or any affiliates.

2.5 STARS and uMoments should be able to be used by Users to unlock and use fan engagement services offered in the Fan Ecosystem. This includes the following services:

Boost function

1. Within the Fan Ecosystem, Users have the opportunity to create their own content (so-called User-generated content - UGC). This allows Users to make suggestions to STARENA for certain actions to be taken (so-called Fan Proposal). To give content and user generated content more visibility, Users can boost the content of their own and other Fan Proposals by using STARS. Other Users can comment on suggestions and give their own comments more visibility by using STARS.

Ideation Missions

2. In Ideation Missions, [x] can provide Users with a concrete question or problem to which they can submit their ideas or suggestions for solutions. Ideation Missions correspond in their functionality to Fan Proposal; only the content of the contributions differs. Users can answer current questions or problems and suggest solutions. These can be viewed, boosted, or commented by other Users. Comments can also be boosted by Users using STARS. Ideation missions can be limited to users who hold specific uMoments in their wallets, as defined by STARENA.


3. The Voting module allows users to cast votes among themselves. In order to participate in a vote and give their own vote more "weight", users use STARS. Votings can be limited to users who hold specific uMoments in their wallets, as defined by STARENA.


4. In the Content module the User finds multimedia content (e.g. videos, podcasts etc.), Users can "consume" this content. Certain content is only available to Users who "unlock" it with STARS or who hold specific uMoments in their wallets. All content can be boosted with STARS.

3. User registration and dashboard

In order to purchase STARS or uMoments, the user needs to create a FanID on the website me.fan. FanID is a blockchain identity service provided by Liquiditeam GmbH. The user can then authorize his FanID for use with the [App]. The registration as well as the confirmation of the registration of FanID is a mandatory requirement for the purchase of STARS and uMoments. The specific General Terms and Conditions (GTC) for the use of [app] apply to the registration. Neither the registration nor the registration confirmation gives the User a legal claim to the actual execution of the Stars purchase.

The User is provided with a dashboard as part of his registration. In the dashboard, the User can view, change and supplement all the information he has provided. In addition, the User can view his Stars purchases, manage his subscriptions and make further purchases.

4. Stars purchase

4.1 The purchase of STARS and uMoment is only possible via the Website or mobile app operated by [x]. In order to access the Website or use the mobile app, the User needs a computer or a mobile device equipped with an internet connection.

4.2 To purchase STARS and uMoment, the User must first be logged in with his personal access data on the Website or mobile app ("log-in").

4.3 In principle, the User can choose between various options for the purchase of STARS and uMoments:

a) The User can take out monthly or annual subscriptions of various tiers, through which the User receives STARS and or uMoments on a monthly or annual basis ("subscriptions").

b) The User buys individual packages of different sizes (S, M, L), at a fixed price, which grant him a certain number of STARS ("individual packages").

c) The User buys individual uMoments at a specified price

The current list of prices and services, which is an integral part of these T&C Stars Purchase, shall apply. The prices for subscriptions and individual packages are displayed to the Users during product selection and are inclusive of VAT.

4.4 After the User has selected the subscription, individual package or uMoment he/she wishes to purchase, he/she is given the opportunity to check his/her selection and correct it if necessary before the purchase process is completed. The User then selects the desired payment method (see Section 5) and makes a binding offer to purchase STARS or a uMoment by clicking on the "Buy" button to complete the purchase process. These T&C Stars Purchase are made available to the User for retrieval and download when the User places his order. The User shall be informed of the receipt and acceptance of his purchase offer (conclusion of contract) immediately afterwards by e-mail.

4.5 There is no entitlement to a refund of payments for STARS and uMoment. In the case of the provision of digital content (e.g. downloads), the right of withdrawal expires when the entrepreneur has begun to fulfill the contract. The user agrees to the premature fulfillment of this transaction. Users thereby waive their right of withdrawal according to § 11 FAGG.

5. Payments

5.1 STARS and uMoments can only be purchased in [currency]. The User can choose between the following payment methods:

- credit card

In the case of purchases by credit card, the credit card account will be debited before the STARS or uMoment is made available in the User's dashboard. STARENA reserves the right not to offer certain payment methods and to refer to other payment methods each time STARS or uMoment is ordered.

5.2 Payment is made on a one-time, monthly, or annual basis, depending on the User's choice and the selected product (4.3), in each case before the STARS or uMoment is made available in the User's dashboard.

5.3 Any fees or costs incurred in the execution of the payment shall be borne by the User.

5.4Any refund, for whatever legal reason, will be made in the same currency and by the same means of payment as the User who originally used the payment, unless otherwise expressly agreed.

6. Renewal of subscriptions and cancellation

6.1 Subscriptions shall commence on the day the contract is concluded (Section 4.4.).

6.2 Monthly or annual subscriptions are extended by one month or one year respectively, if they are not cancelled before with a notice period of 1 week before the beginning of the extension.

6.3 The termination must be declared to [x] in text form (e.g. by e-mail). The User also has the possibility to validly declare the termination directly via a button "Terminate Subscription" set up in his dashboard, without the need for further explanations.

7. Liability

7.1 [x] is liable for intent and gross negligence. In addition, [x] is liable for the negligent violation of obligations, the fulfillment of which makes the proper execution of the contract possible in the first place, the violation of which endangers the achievement of the purpose of the contract and on the compliance of which the User may regularly rely (cardinal obligations). In the latter case [x] is only liable for the foreseeable damage typical for the contract. LT is not liable for the slightly negligent violation of other obligations than those mentioned in the preceding sentences.

7.2 The aforementioned exclusions of liability do not apply to injury to life, body and health.

7.3 Liability under the German Product Liability Act (ProdHaftG) remains unaffected.

7.4 § 44a of the German Telecommunications Act (TKG) remains unaffected.

8. Miscellaneous

8.1 These T&C Stars Purchase are written in German. Translations of these T&C Stars Purchase into other languages are for information purposes only. In case of contradictions between the German version and translations, the German version shall prevail.

8.2 If any provision of these T&C Stars Purchase or any future amendment to these T&C Stars Purchase or any future amendment to these T&C Stars Purchase shall be invalid or unenforceable in whole or in part, or shall later lose its legal validity or enforceability, the validity of the remaining provisions of the T&C Stars Purchase shall not be affected thereby.

8.3 Austrian law shall apply to the exclusion of the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the German conflict of law provisions. If a User is a consumer and has his habitual residence in a member state of the European Union, Au law strianshall also apply, whereby mandatory provisions of the state in which the User has his habitual residence shall remain unaffected.

8.4 The European Commission has established a European Online Dispute Resolution (ODR) platform at http://ec.europa.eu/consumers/odr/. LT does not take part in dispute resolution procedures at a consumer arbitration board.

8.5 The non-exclusive place of jurisdiction is Kitzbühel/Austria.

Status: May 18, 2022