⚠️Legal Compliance
Disclaimer
The SafariQ Engagement Dirham ($SED) token is not designed, marketed, or intended to function as a security, investment contract, or financial product under any jurisdiction.
Participation in SafariQ’s token ecosystem or NFT programs does not constitute financial advice. Prospective users, partners, and investors are encouraged to seek independent legal and financial consultation prior to engaging with SafariQ’s Web3 products.
Dual Jurisdictions – Clear Separation of Operations
SafariQ is adopting a dual-operations framework to ensure compliance, transparency, and long-term sustainability:
● Travel Technology & Platform – RAKEZ - Free Zone: All travel-related services, loyalty rewards distribution, and consumer engagement activities will be operating under a licensed RAKEZ Free Zone Company. This includes compliance with UAE regulations relating to tourism, technology, and consumer protection.
● Web3 Operations – RAK iCC: All blockchain-based components, including the SED token, NFT minting, smart contract deployment, and decentralized governance frameworks, could be operated through a dedicated RAK ICC entity. The entity will provide a neutral, transparent, and regulatorily aligned vehicle for community-driven oversight of SafariQ’s token and NFT ecosystem.
This separation ensures that SafariQ’s Travel operations and Web3 operations remain distinct, both legally and operationally, minimizing regulatory overlaps while aligning with recognized best practices within the UAE’s international financial centre.
Compliance (AML, KYC & Consumer Protection)
SafariQ acknowledges the importance of regulatory alignment in both the travel and blockchain industries:
KYC & AML: All Web3 activities (NFT minting, token usage, or rewards redemption above defined thresholds) are subject to Know Your Customer (KYC) and Anti-Money Laundering (AML) safeguards, implementing through trusted compliance partners in line with RAK ICC and international standards.
Consumer Transparency: Clear terms of service, disclosures, and opt-in frameworks are being enforced across both platforms, particularly in relation to reward distribution, resale and referral programs.
Data Protection: SafariQ follows both UAE and EU standards (e.g., GDPR), ensuring user privacy, responsible data handling, and user trust across its platforms.
Stablecoin Risk (Proactive Acknowledgement)
While the SED token is not pegged or guaranteed against the UAE Dirham (AED), its partial value alignment and design philosophy — being semi-referenced to AED in reward distribution — may create perceptions of “stablecoin-like” characteristics. SafariQ explicitly clarifies that:
Utility Role: SED is a utility token, distributed as rewards and consumed within the SafariQ ecosystem for travel-related services and future Web3 experiences.
No 1:1 Backing: No direct 1:1 backing with AED exists. SED’s value is subject to market dynamics, community demand, decentralized liquidity pools (DEX/CEX), and tokenomics design.
Regulatory Engagement: SafariQ will maintain an open dialogue with UAE regulatory stakeholders, including RAK ICC authorities, to ensure that SED’s design does not inadvertently trigger stablecoin classifications or money-transmitter requirements.
This transparent acknowledgment safeguards SafariQ against future compliance challenges and strengthens trust with regulators, partners, and institutional stakeholders.
Risk Factors Participation in SafariQ’s ecosystem, including the use of the $SED token and related NFT programs, involves inherent risks. SafariQ is committed to transparency and responsible management, with the following key considerations:
Token Volatility: The $SED token is subject to market fluctuations. Mitigation: Gradual rollout of $SED-only services, rewards incentives, and utility features aim to stabilize demand and promote sustained token use. ● Regulatory Changes: Global and local digital asset regulations may evolve, impacting operations. Mitigation: SafariQ maintains dual-entity structuring and engages with regulators to remain compliant. ● Stablecoin Perception Risk: Partial alignment with AED could attract scrutiny. Mitigation: Clear disclaimers, utility-focused design, and ongoing legal consultation reduce classification risk. ● Travel Demand Risks: Travel ecosystem growth is sensitive to external shocks (pandemics, geopolitical instability, economic downturns). Mitigation: Diversified global operations, multi-service offerings, and hybrid Web2/Web3 engagement help reduce dependency on single markets. ● Technology & Security Risks: Potential vulnerabilities in smart contracts, integrations, or infrastructure could impact assets. Mitigation: Regular security audits, best-practice blockchain protocols, and redundant systems are implemented to ensure safety.
SafariQ advises participants to carefully consider these factors and emphasizes that all engagement is voluntary and based on informed decision-making.
Fraud, Theft, and Market Manipulation SafariQ strictly prohibits and actively monitors against any form of fraud, theft, or market manipulation involving the $SED token, NFTs, or any other assets within its ecosystem. Prohibited activities include, but are not limited to: exploiting vulnerabilities, wash trading, price manipulation, pump-and-dump schemes, or unauthorized access to digital assets.
Any such activity shall be deemed a violation of this policy and may result in immediate suspension or termination of access, forfeiture of affected assets within SafariQ’s control, and potential referral to relevant legal authorities.
SafariQ assumes no responsibility or liability for losses resulting from malicious activities, exploits, or market manipulation conducted outside its official platforms, dApps, or smart contracts.
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