Last updated: Oct 2025
1. Overview
The x402 Experiment is an open, on-chain research initiative exploring the dynamics of decentralized index construction and the broader x402 / ICM ecosystem.
Participation in this experiment is intended for individuals who wish to contribute to, observe, or support research related to emerging x402-aligned protocols.
This is not an investment, not a security offering, and not financial advice.
All contributions are voluntary and made with the understanding that this is an experimental, evolving project.
2. Participation Window
- A public contribution period will be open for approximately 48 hours.
- Contributions will be made on-chain using approved crypto assets (e.g., USDC).
- Participation is pseudonymous and does not require registration, KYC, or email submission.
- There is a minimum target of 10,000 USDC.
- If this target is not met, all contributions will be refunded.
- There is a maximum target of 1,000,000 USDC.
- If contributions exceed this amount, the surplus will be proportionally refunded to participants (e.g., if total raised = 2M USDC, each participant receives back 50% of their contribution).
3. Use of Funds
Funds contributed will be used to support the execution of the research experiment.
This may include acquiring or analyzing assets related to the x402 ecosystem, developing open-source tools, or other activities aligned with the stated research goals.
Exact allocation of funds will remain at the discretion of the research organizers.
No promise, expectation, or guarantee is made regarding how funds are used, or that any assets purchased will appreciate in value.
4. The Experimental Token
Participants may receive a digital token representing participation in the x402 experiment.
The design, supply, and purpose of this token are experimental and subject to change.
Holding this token does not represent ownership, equity, governance rights, entitlement to returns, or claim on any treasury or assets.
The token is a research artifact, not a financial product.
5. No Expectation of Profit
The x402 experiment is conducted solely for research and educational purposes.
Participants should not expect any financial benefit or return.
Contributions should be made only by those who fully understand the risks of experimental, on-chain research projects.
6. Refunds and Irreversibility
All on-chain transactions are irreversible except where explicitly stated (refunds related to min/max thresholds).
Participants are responsible for ensuring correct wallet addresses and transaction details.
The organizers are not liable for any errors, lost funds, or failed transactions.
7. Jurisdiction & Restricted Regions
This experiment is not available to residents or entities located in jurisdictions where participation in experimental crypto protocols may be prohibited, including (but not limited to) the United States, European Union, and United Arab Emirates.
By participating, you confirm that you are legally allowed to engage in blockchain experiments in your jurisdiction.
8. Risk Disclosure
Participation in on-chain experiments carries inherent risk, including potential loss of funds, smart-contract vulnerabilities, regulatory changes, and market volatility.
All contributions are at your own risk.
No warranties, guarantees, or representations are made regarding the safety or outcome of the experiment.
9. Future Development
Following the initial phase, the organizers may evolve this initiative into the x402 Research Lab — a decentralized collective focused on studying the aggregated performance of the x402 ecosystem and publishing related insights.
Participation in the initial experiment does not guarantee inclusion, rights, or future benefits in any subsequent phase.
10. Liability & Disclaimer
The organizers, contributors, and affiliated developers assume no liability for any direct, indirect, incidental, or consequential damages arising from participation in this experiment.
By interacting with the smart contracts or related materials, you agree that you do so at your own risk and fully understand the experimental nature of the project.
This material is provided for informational and educational purposes only, and does not constitute investment, financial, or legal advice.
11. Amendments
These Terms may be updated or amended as the experiment evolves. Updates will be published publicly. Continued participation implies acceptance of any new version.