C42 Financial Intelligence Token · Program Terms

C42 Program Terms

These terms govern C42 eligibility, issuance, and conduct. Please read them carefully.

Program Terms · v1.1 · Effective [Month 2026]

1. Scope

These C42 Token Program Terms (“Terms”) govern participation in the C42 Program Reward System (“Program”), operated by Besela and related group entities. The Program awards non-financial utility tokens (“C42 Tokens”) in connection with verified activity on:

In some cases, C42 may also be used as a reward or utility layer in cooperation with downstream media and rating platforms such as FinTelegram, FinCrime Observer and RatEx42, to the extent such use is compatible with these Terms.

These Terms do not govern any purchase, sale, or trade of C42 Tokens on secondary markets, nor do they govern the C42S security token (if and when issued under separate MiFID II documentation).

2. Definitions

  • C42 Token (“C42”): A non-financial, program-based reward and access token issued to eligible participants under these Terms.
  • Participant: Any individual or entity who interacts with ClaimBack42, Whistle42 or other designated C42 ecosystem services and may become eligible for C42 rewards.
  • Operator: Besela UAB, Lithuania, or the group entity operating the C42 Program.
  • Claim Registration: Any loss report or claim submitted on ClaimBack42 that may become part of a structured case.
  • Whistleblower Submission: Any tip, report or evidence submitted on Whistle42 (anonymous or account-based).
  • Information Request: A structured inquiry submitted by information seekers (e.g. law firms, compliance teams, regulators) under Whistle42 or related tools.
  • Program Ledger: The system (on-chain/off-chain) used to track eligibility decisions, allocations and issuance records.
  • Program Partner: A certified or affiliated partner (e.g. financial operator, platform provider) participating in separate C42 Program Partner arrangements. Program Partners are also bound by these Terms when receiving C42 rewards.
  • C42S Token (“C42S”): A separate security token used for claim monetization or investment purposes and governed by its own Offering Memorandum and agreements. C42S is not covered by these Terms.

3. Eligibility for C42 Rewards

Participants may become eligible to receive C42 Tokens in the Program for:

  • Submitting valid claim registrations on ClaimBack42 that are accepted after eligibility review;
  • Providing whistleblower submissions on Whistle42 that are verified, relevant and actionable;
  • Contributing to information quality (e.g. documentation, follow-up, clarifications) in ongoing cases;
  • Participating in structured campaigns, research tasks or community actions announced by the Operator;
  • Program Partner activities in accordance with separate partner terms (e.g. verified reporting, audits, data cooperation).

Eligibility is always subject to:

  • verification and fraud checks by the Operator,
  • jurisdictional and sanctions restrictions (see Section 7),
  • Program budgets, caps and technical capacity,
  • compliance with these Terms and other applicable site policies.

C42 allocations are discretionary. No Participant has a right or guarantee to receive C42 for any action, even if similar actions were rewarded in the past.

4. Issuance Rules

C42 Tokens are issued only when all of the following conditions are met:

  • a verified action occurs (e.g. accepted claim, validated tip, completed task);
  • fraud and abuse checks are passed to the Operator’s satisfaction;
  • issuance does not exceed internal caps for the relevant period or campaign;
  • the action is consistent with the C42 Whitepaper and published reward guidelines (e.g. Claimant Reward Program on ClaimBack42).

The Operator may delay, reduce, cancel or reverse (claw back) any C42 issuance at its discretion, including for technical reasons, compliance review or updated risk assessments.

5. Fraud, Misuse & Clawback

The Operator may withhold, cancel, or claw back C42 allocations and restrict access in cases of suspected or confirmed:

  • fraudulent, fabricated or misleading submissions;
  • duplicate claims, multi-account abuse, or collusion;
  • use of VPNs, proxies or geo-spoofing to bypass sanctions or jurisdictional restrictions;
  • harassment, threats or abuse directed at victims, whistleblowers, staff or partners;
  • any activity reasonably considered incompatible with the mission of the ecosystem or applicable law.

Sanctions may include suspension or termination of access, exclusion from future rewards, and, where appropriate, referrals to enforcement authorities.

6. Multi-Platform Use (Whistle42, ClaimBack42, Media & Rating Projects)

C42 is a program reward and access token used across several services:

  • Whistle42 – rewards for verified, actionable tips and follow-up work;
  • ClaimBack42 – rewards for accepted claims and structured case participation;
  • Media & Rating Partners (e.g. FinTelegram, FinCrime Observer, RatEx42) – rewards for intelligence that materially supports investigations, case coverage or ratings, always under strict editorial independence.

Editorial decisions (e.g. which case to cover, how to rate an entity) remain independent from C42 issuance. C42 cannot be used to buy coverage or influence editorial outcomes.

7. Jurisdictional & Sanctions Restrictions

The Operator may restrict or exclude Participants from certain countries or regions, including but not limited to:

  • countries subject to EU, US, UK or UN sanctions;
  • jurisdictions where token-based rewards are prohibited or require licensing not held by the Operator;
  • regions classified as high-risk or non-compliant under the Operator’s risk policy.

Participants may be required to undergo KYC/AML, identity or IP verification checks before receiving C42 rewards, in particular for higher-value allocations or ongoing cooperation.

8. Program Partners & Token Purchases

Certain financial operators or platforms may become C42 Program Partners under separate agreements. Program Partners may:

  • purchase C42 Tokens directly from the Operator at agreed terms; and/or
  • receive C42 rewards for verified contributions (e.g. audits, data cooperation).

Any purchase of C42 by Program Partners is governed by separate contracts (e.g. token sale or service agreements) and not by these Program Terms. These Terms only regulate C42 allocations made as program rewards.

9. No Rights, No Guarantees

C42 Tokens:

  • are not legal tender, securities, deposits or e-money;
  • do not entitle holders to dividends, profit shares or any portion of recoveries;
  • do not provide a claim against the Operator’s assets or any program fund;
  • do not grant any right to receive C42S or any other security token.

The Operator makes no guarantee that C42 will have any market value, that it will be listed on any exchange, or that it will retain access or utility over time.

10. Modification & Termination

The Operator may modify or terminate:

  • these Program Terms;
  • the C42 Reward Program, in whole or in part;
  • eligibility criteria, allocation logic or utilities of C42.

Updates will be published on c42token.com/terms and, where appropriate, referenced in a Program changelog or update notice.

11. Limitation of Liability

To the extent permitted by law, the Operator and its affiliates are not liable for:

  • loss of access to C42, including loss of private keys or accounts;
  • errors or delays in eligibility review or issuance logic;
  • security incidents, hacks or technical failures affecting token infrastructure;
  • regulatory incompatibility in specific jurisdictions.

12. Contact

For questions about these Terms or the Program, please contact:
legal@c42token.com

Whistleblower submissions: whistle42.com
Claim registrations: claimback42.com

13. Governing Law & Versioning

These Terms are governed by the laws of the jurisdiction in which Besela is registered and operated. Any disputes shall be subject to the competent courts of that jurisdiction, unless mandatory consumer protection rules provide otherwise.

This is Program Terms version 1.1. Future changes will be documented and archived on c42token.com/terms.