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Terms of Service

Welcome to Token Fleet. By accessing or using our platform, you agree to be bound by these Terms of Service ("Terms") and our Privacy Policy. If you do not agree, please do not use our platform.

Token Fleet is operated by Reliable Route Car Rentals LLC ("Company", "we", "us", "our"), a legally registered business in Dubai, UAE.

1. Acceptance of Terms​

By using the Token Fleet platform ("Platform"), you acknowledge and agree to these Terms, which constitute a legally binding agreement between you ("User", "Investor") and Token Fleet.

2. Definitions​

  • "Platform" – The Token Fleet investment platform.
  • "Investment Share" – Fractional ownership stake in a fleet of rental vehicles.
  • "Investment Period" – The standard 4-year term of investment.
  • "Rental Income" – Revenue generated from fleet rentals.
  • "Smart Contract" – Blockchain-based contract governing investments and profit distribution.

3. Eligibility & Account Registration​

To use the Platform and invest, you must:

  • Be at least 18 years old and legally able to enter a contract.
  • Provide accurate and complete information during registration.
  • Comply with all applicable laws and regulations in your jurisdiction.

You are responsible for maintaining confidentiality of your account information.

4. Investment Terms​

4.1 Investment Structure​

  • Users can purchase fractional ownership in vehicle fleets through the Platform.
  • The minimum investment amount is 100 USDC.

4.2 Investment Period & Exit Strategy​

  • Standard Investment Period: 4 years from vehicle acquisition.
  • At the end of the term, vehicles are sold, and proceeds are distributed.
  • Investors receive 90% of the vehicle sale price, with 10% allocated to platform operations.

📌 Note: Early exit options will be available through a Liquidity Marketplace (coming soon).

5. Fees and Payments​

5.1 Initial Setup Fee (10%)​

A one-time company fee of 10% is added to each fleet investment. This covers:

  • Platform operations & development.
  • Smart contract deployment & management.
  • Business & legal administration.

5.2 Security Deposit (10%)​

  • A 10% security deposit of the investment amount is held to cover major expenses.
  • This deposit is fully refundable at the end of the Investment Period, minus any unreplenished expenses.
  • If used, the deposit must be replenished from rental income before further profit distribution.

5.3 Fixed Charges​

Additional costs may include:

  • Insurance coverage for vehicles.
  • GPS tracking & vehicle registration fees.
  • Initial maintenance package for fleet upkeep.

📌 All financial transactions are recorded on-chain for full transparency.

6. Rental Income Distribution​

  • 70% of rental income is claimable by investors.
  • 30% is allocated to platform operations:
    • 10% for fleet maintenance.
    • 20% for platform growth & expansion.
  • Rental profits are distributed within 1-3 days after each rental.

📌 Investors can track earnings, expenses, and distributions in real-time via the dashboard.

7. Vehicle Management & Operational Control​

  • The Company maintains full operational control of all fleet vehicles.
  • Vehicles are registered under Reliable Route Car Rentals LLC for legal compliance.
  • The Company is responsible for:
    • Rental operations & customer management.
    • Insurance & regulatory compliance.
    • Fleet maintenance & upkeep.

8. User Responsibilities & Prohibited Activities​

By using the Platform, you agree to:
✅ Follow all applicable laws and regulations.
✅ Provide truthful, accurate information when registering or transacting.

🚨 Prohibited activities include:
❌ Fraud, money laundering, or market manipulation.
❌ Unauthorized use of the Platform or Smart Contracts.
❌ Engaging in any illegal activities or using the Platform for illicit purposes.

📌 Violations may result in account termination and legal action.

9. Risks and Disclaimers​

  • Investment involves risks, including potential loss of capital.
  • The Company does not guarantee profits or rental income stability.
  • Market conditions may impact vehicle rental demand and resale value.
  • Past performance is not indicative of future results.

📌 Investors should conduct their own research before making financial decisions.

10. Amendments & Termination​

10.1 Changes to Terms​

  • We may update these Terms periodically.
  • Material changes will be communicated via email or platform notification.

10.2 Account Termination​

  • We reserve the right to suspend or terminate user access for violations of these Terms.
  • Users may request account closure at any time, subject to investment withdrawal policies.

11. Dispute Resolution & Governing Law​

  • All disputes shall be resolved under the laws of Dubai, UAE.
  • Any legal action shall be submitted to the courts of Dubai.
  • Alternative dispute resolution (ADR) or arbitration may be used where applicable.

12. Contact Information​

For inquiries regarding these Terms, please contact:

📌 Reliable Route Car Rentals LLC
📍 Rasis Business Center, 4th Floor, Office 75
📍 Al Barsha, Dubai, UAE
📞 Phone/WhatsApp: +971521703229
📧 Email: info@tokenfleet.io

📌 Final Acknowledgment​

By using the Token Fleet platform, you acknowledge that you have read, understood, and agreed to these Terms of Service.

📅 Last Updated: February 2025