Terms of Service

Effective Date: 9/20/2025 

These Terms of Service govern your participation in the Next Block Rewards Program  offered by Next Block Vending LLC. By enrolling in the Program, you agree to these Terms.

• The Program allows customers to receive rewards denominated in satoshis ("sats"), the smallest unit of Bitcoin.
• Rewards are issued as promotional rebates and loyalty incentives, not as deposits, securities, or financial products.
• The Program may include an optional Round-Up feature, where purchases are rounded up to the nearest dollar and the difference is credited as sats.

• Rewards are promotional in nature and have no cash redemption value from the Company.
• Rewards are intended to be spent within the Program (i.e., at participating Next Block vending machines).
• Rewards are not a financial account, are not FDIC-insured, and do not accrue interest.

• A digital rewards wallet is created for each Participant through integrated third-party services (e.g., LNbits).
• Until you pair your own third-party wallet, the wallet functions as a promotional rewards balance managed by the Company for the sole purpose of crediting sats to you.
• You may pair a supported wallet application (e.g., Alby, Mutiny, ZEUS) to assume direct custody of rewards. Once paired, you control the funds in that wallet.
• The Company retains technical access solely to credit rewards into the wallet. At no time does the Company act as your fiduciary, trustee, or money transmitter.

• Rewards may be redeemed at participating Next Block Vending machines.
• Transfers to an external wallet are optional, initiated by the Participant, and performed through third-party wallet integrations.
• The Company does not provide redemption into cash or fiat currency.

• Expiration: Rewards that remain unclaimed (e.g., no wallet pairing or redemption) for more than 12 months may be subject to expiration or reversion to the Company.
• Balance limits: To ensure the Program remains a loyalty program and not a financial account, individual reward balances may be capped at [e.g., $500 USD equivalent]. Balances above this limit may require you to pair and withdraw to a third-party wallet, or may be adjusted or expired.
• Inactive accounts: If an account is inactive (no purchases or redemptions) for more than 18 months, rewards may be reclaimed by the Company in accordance with applicable law.

• The Program is a closed-loop promotional rewards system.
• The Company does not facilitate the exchange of fiat currency into Bitcoin, nor transmission of funds between customers.
• Rewards are issued solely by the Company as part of a marketing program.

• You must be at least 18 years old or have parental/guardian consent to participate.
• Participation is for personal, non-commercial use only.

• The Company is not responsible for loss of access to your rewards due to third-party service outages, wallet errors, or Bitcoin network issues.
• The Company is not liable for changes in the value of Bitcoin or sats relative to fiat currency.
• Maximum liability to any Participant shall not exceed the value of rewards credited in the preceding 12 months.

• You are responsible for any tax obligations that may arise from participation.
• The Company does not provide tax advice.

• The Program may be modified, suspended, or discontinued at any time, with or without notice.
• Rewards may expire or be adjusted in accordance with these Terms.

• These Terms are governed by the laws of the State of Arizona, without regard to conflicts of law.
• Any disputes shall be resolved in the courts of Pima County, Arizona.

Next Block Vending LLC
Email: michael@nextblockvending.com
Website: https://nextblockvending.com