# PoolParty Credits Terms

**Public beta · version `beta-1` · last updated 2026-10-01**

These terms are part of our [Terms of Service](https://poolpartyai.com/terms/) and the
[End User Licence Agreement](https://poolpartyai.com/eula/). They are between you and PoolParty Labs
LLC, a Colorado limited liability company ("we", "us", "our"), and they explain what a PoolParty
credit is during the beta.

## The short version

This summary is here to help you read the terms. The full text below is what governs.

- **A credit is a unit PoolParty uses to count work**: computing, storage and data transfer, done
  and used in pools.
- **Credits are not money.** They have no cash value, are never paid out, and cannot be bought, sold
  or exchanged for money or anything of monetary value.
- **Between your own machines, credits are only a measure.** They show where work went, and they
  cost you nothing.
- **On The Public Pool, once it opens,** your machine can earn beta credits for verified work at the
  rate PoolParty posts.
- **We may correct, reset or end beta credits.** If a marketplace ever opens, whether beta credits
  carry over will be set by terms published then. Nothing here promises that they will.

## 1. What a credit is

1.1 A credit is an entry in the ledger PoolParty keeps of work done and used in pools: machine time,
storage and data transfer, measured in credits.

1.2 Credits exist only as records in PoolParty's ledgers: the one each pool's hub keeps for that
pool, and, for The Public Pool, the one we keep.

## 2. Credits are not money

2.1 Credits have no cash value. They are not money, currency, electronic money, a deposit, a
security, a financial product, a gift card or property, and they earn no interest.

2.2 Credits cannot be bought, sold, transferred, traded, redeemed or exchanged for money, goods,
services or anything else of monetary value, inside or outside PoolParty, except as PoolParty's own
features allow.

2.3 We never pay out credits.

## 3. Credits in your own pool

Work between the machines in your own pool is counted in credits so that you can see what each
machine gave and used. It costs you nothing, and it creates no obligation between you and us or
between the people in your pool.

## 4. Beta credits on The Public Pool

4.1 Once The Public Pool is open and you join it, your machine can earn beta credits for work that
is verified as done, at the rate and within the limits PoolParty posts. The rate and limits may
change; the app shows the current ones.

4.2 Credits are earned only for verified work. Work that fails verification, is duplicated, comes
from tampering or abuse, or is credited by mistake earns nothing, and we may reverse any credits
recorded for it.

4.3 What beta credits can be used for during the beta is shown in the app, and may change.

## 5. A future marketplace

PoolParty may later open a marketplace or change how credits work. If it does, whether and how beta
credits carry over, convert or can be used will be set out in new terms published at that time,
which you would accept separately. We do not promise that beta credits will carry over or convert
into anything.

## 6. Corrections, expiry and reset

6.1 The Public Pool's ledger, which PoolParty shows you, is the record of your beta credits there.
We may correct errors in it at any time. The ledger in your own pool is your pool's, not ours.

6.2 We may expire, reset or cancel beta credits, including at the end of the beta or if The Public
Pool closes. Where we reasonably can, we will give at least 30 days' notice in the app or on the
website.

6.3 Credits tied to a device or a membership end when that device or membership is removed, or when
your access ends under the Terms of Service.

## 7. Fair play

Do not fake, inflate or tamper with work, measurements or the ledger, run several identities to
collect credits, or otherwise game the system. If you do, we may cancel your credits and remove your
machines from The Public Pool.

## 8. Taxes

You are responsible for any taxes that apply to you.

## 9. Changes

We may change these terms in the way the Terms of Service describe. Joining The Public Pool asks you
to accept the Credits Terms version in force at that time.

## Contact

PoolParty Labs LLC, a Colorado limited liability company · hello@poolpartyai.com · poolpartyai.com