Virtual Currency Terms (SKX & XP)

1. What SKX and XP are

SKX and XP are virtual items inside SkillKnex. SKX is an in-app reward you can earn through genuine activity and spend on in-app features. XP is progression: it tracks your level and achievements.

2. They have no monetary value

SKX and XP have no monetary value. They are not money, electronic money, a currency, a security, a financial instrument, a payment service, a stored-value product, or a crypto-asset. They cannot be exchanged for cash, sold, or transferred outside SkillKnex, and they give you no ownership or financial rights.

You hold a limited, personal, revocable licence to use SKX and XP within the Service. They remain part of the Service and are not your property.

3. Earning

You can earn SKX and XP through eligible activity, for example completing actions ("I Did This"), approved Action Proofs, streaks, challenges, referrals, and (for creators) creator activity. You cannot buy SKX or XP with real money.

We set the earn rates, milestones, caps, and eligibility rules, and we may change them, with reasonable notice for material changes. Some rewards are subject to review before they are credited.

4. Spending and using

You can use SKX on in-app features we make available from time to time, such as streak tools, profile cosmetics, or creator features. We will show the SKX amount and the effect of the item before you confirm a spend. Available items and amounts may change. XP is not spendable: it reflects progression only.

5. Reviews, holds, reversals, and forfeiture

To keep the economy fair, we may review, delay, hold, decline, adjust, expire, or reverse SKX or XP where we reasonably believe there has been:

• fraud, abuse, or manipulation (e.g. fake actions, bots, multiple accounts, collusion);
• an error, duplicate, or technical issue;
• a breach of these terms, the Terms of Service, or our policies; or
• removal of the underlying content or action (for example an Action Proof that is taken down).

Our reward ledger is the record of your balance. Reversals are made as ledger entries. If your account is banned for serious abuse, associated SKX and XP may be forfeited.

6. Skill and effort: not gambling

SKX and XP are earned for genuine learning, skill, and effort. There is no stake or wager, no element of chance to win money or anything of monetary value, and SKX has no cash value. SKX and XP are not gambling, a lottery, a prize draw, or a betting product.

7. Changes and discontinuation

We may change, suspend, or discontinue SKX or XP, or any way of earning or spending them, at any time. For material changes we will give reasonable notice where we can. Because SKX and XP have no monetary value, balances may be reduced or removed on discontinuation without compensation, except where the law requires otherwise.

8. No cash-out

There is currently no way to convert SKX into cash, and no real-money purchases. Nothing in these terms promises that SKX or XP will ever have, or be exchangeable for, monetary value. If we ever introduce creator payouts or other money features, they will be governed by separate terms (including identity and tax checks) and announced separately.

9. Tax

You are responsible for any tax that may apply to you in connection with rewards, if and where applicable.

10. Contact

Questions about SKX or XP? Email support@skillknex.com.