Trust & Compliance

Two emerging federal frameworks shape how digital assets are regulated in the United States. MyGoldenATM LLC monitors both and positions WPC and Whips as utility participation rewards that fall outside these frameworks.

Our position:

• •Not a stablecoin. WPC is not pegged to the dollar or any fiat currency and does not maintain a stable value. It is a utility participation reward, not a payment stablecoin under the GENIUS Act.
• •Not a security. WPC is not an investment contract or security under the CLARITY Act or Howey test. Members do not invest money in a common enterprise with expectation of profit from the efforts of others.
• •Utility participation rewards. Whips and WPC are earned through engagement and used within the MyGoldenATM ecosystem for perks, tips, and top-offs — not traded as financial instruments.

This summary is provided for transparency and reflects MyGoldenATM LLC's current understanding. It is not legal advice. We will update this section as the regulatory landscape evolves.

Whips are earned through daily engagement (Surfabit, surveys, sponsor visits, featured artist watching). Whips convert to WPC at 600:1. WPC has a reference value of $0.20 USD used for payouts and top-offs.

Acceptance. By creating an account or using any part of MyGoldenATM LLC ("MGATM," "we," "us"), you agree to these Terms. If you do not agree, do not use the platform.

Participation rewards, not investments. Whips and WPC (Whiporwill Participation Coin) are utility participation rewards earned through engagement. They are not securities, investment contracts, or financial instruments. No reward has a guaranteed cash value. The $0.20 per WPC reference rate is internal, may change at any time, and does not create an obligation to redeem at that rate.

Discretionary rewards. All reward accrual, distribution, and redemption is at the sole discretion of MGATM. We may adjust accrual rates, reward categories, or distribution schedules at any time without prior notice. Bondabit rewards are discretionary distributions from a shared pool, not a fixed schedule or obligation tied to your contribution amount.

Redemption. Payouts are delivered to your MGATM Debit Card in USD only, subject to KYC verification, admin review, and available platform funds. We may delay, reduce, or decline any payout request at our discretion. There is no guarantee that WPC can be redeemed at any particular time or value.

Top-offs. When you purchase a top-off, you receive the WPC equivalent at the rate in effect at that time. Top-off payments are final and non-refundable except where required by law.

Account responsibilities. You must be 18 or older and provide accurate information. You are responsible for keeping your credentials secure and for all activity under your account. One account per person.

Prohibited conduct. You may not: create multiple accounts; use bots, scripts, or automation to inflate engagement or accrual; manipulate surveys or the Daily Loop; transfer or sell rewards outside the platform; or attempt to reverse, chargeback, or circumvent any payment. Violations may result in immediate suspension, forfeiture of rewards, and account closure.

Suspension & termination. We may suspend or terminate any account at any time, with or without cause, and forfeit any accrued rewards if we suspect fraud, abuse, or violation of these Terms.

No warranty. The platform is provided "as is" without warranty of any kind. We do not guarantee uninterrupted access, reward values, or payout availability.

Limitation of liability. To the maximum extent permitted by law, MGATM is not liable for any indirect, incidental, or consequential damages, or for any loss of expected reward value.

Changes. We may update these Terms at any time. Continued use after changes constitutes acceptance.

These Terms are provided for transparency and do not constitute legal advice. For questions, use the Support or Front Desk channels.

Data we collect. Account data (name, email), engagement data (Surfabit sessions, survey answers, sponsor visits, tips), and transaction data (top-offs, payouts, reward balances).

KYC data. For debit card issuance and payouts, identity verification is handled by our regulated banking partner (Unit). KYC documents are submitted directly to Unit and are not stored on MGATM servers. Unit's privacy policy applies to that data.

Payment processors. Card top-offs and payouts are processed by Stripe. Crypto top-offs, when available, are processed by Coinbase Commerce. Each processor handles your payment data under its own privacy and security standards. MGATM does not store full card numbers or crypto private keys.

How we use your data. To operate the rewards program, process top-offs and payouts, generate personalized survey recommendations, send platform notifications, and comply with legal and tax obligations.

Analytics. We use platform analytics to understand engagement and improve the product. We do not sell your personal data to third parties.

Data retention. We retain account and transaction data for as long as your account is active and as needed for tax and compliance record-keeping after closure.

Your rights. You may request access to, correction of, or deletion of your personal data by contacting us through the Support channel. KYC data held by Unit is subject to Unit's data retention policy.

Security. We use industry-standard measures to protect your data. No system is perfectly secure. Never share sensitive information (SSN, banking credentials, private keys) except through official KYC channels managed by our banking partner.

Children. The platform is not directed to anyone under 18. We do not knowingly collect data from minors.

Changes. We may update this Privacy Policy at any time. Continued use after changes constitutes acceptance.

This Privacy Policy is provided for transparency and does not constitute legal advice.