$CNDL Token & Staking Terms

Last Updated: August 4, 2026

These terms govern the $CNDL token and the Candle staking programme. They form part of the Terms of Service.

Read the Risk Disclosure Statement before staking.

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1. What $CNDL is — and is not

$CNDL is an SPL token on Solana used to gate community access and to participate in the Candle staking programme.

Caution

$CNDL does not contractually confer:

• a share or equity interest in 7 Candlesticks, Inc.;
• a debt instrument, note, or claim against Candle or any other person;
• a right to any dividend, distribution, revenue share, or profit of 7 Candlesticks, Inc.;
• an ownership or governance interest in 7 Candlesticks, Inc.;
• a deposit, e-money, or stored value;
• insured or guaranteed by any government or scheme.

Holding $CNDL gives you no ownership of Candle, no voting rights over the company, no claim on its assets, and no entitlement to its profits.

The legal classification of a token—including whether an offer, sale, distribution, or staking arrangement involves a security, commodity interest, money-transmission product, or another regulated instrument—depends on applicable law and the facts and manner of the activity. These terms do not determine that classification.

Candle makes no representation that $CNDL will have, retain, or increase in value. Its value may fall to zero.

Candle does not sell $CNDL, does not operate a market for it, and does not commit to maintaining liquidity in it.

2. Token details

Name	Candle
Symbol	$CNDL
Contract	9dXSV8VWuYvGfTzqvkBeoFwH9ihVTybDuWo5VaJPCNDL
Chain	Solana
Standard	SPL
Decimals	6

$CNDL replaced the earlier $CANDLE token; former holders received a proportional airdrop at migration. See $CNDL for allocation and the Foundation lock.

The Foundation allocation is held in a third-party vesting contract. Candle does not guarantee the operation of that contract, and the release of vested tokens may affect the market.

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3. Staking

3.1 How it works

You stake $CNDL from a Solana wallet through the Candle interface. Staking is a self-custodial, on-chain action: your tokens move into a staking contract, not to Candle. Candle does not take custody of staked tokens.

Nothing is locked on entry. The waiting period applies only when you unstake.

3.2 Rewards

Tokens launched on Candle allocate 0.5% to 10% of total supply to $CNDL stakers, in a proportion chosen by whoever launches the token.

When a launch graduates, that allocation is distributed among stakers in proportion to their share of the staking pool at the snapshot taken at that time. Distributions appear as claimable in the Staking screen.

Danger

Rewards are not yield. They are discretionary distributions of tokens issued by third parties. They are not interest, not a return on investment, not a profit share, and not promised.

• A curve that never graduates distributes nothing.
• Distributed tokens may be worthless, illiquid, or both.
• Candle does not guarantee any launch, any graduation, any distribution, or any value.
• Rewards depend entirely on activity by third parties Candle does not control.

Candle may change the reward mechanism, the snapshot methodology, the allocation range, or the programme itself at any time.

3.3 Unstaking

Option	Time	Cost
Standard	Current on-chain pool setting: 7 days	Free
Instant	Immediate	20% of the amount being unstaked

The standard period is a settlement window enforced by the staking contract. The deployed pool was verified at 604,800 seconds (7 days) on August 4, 2026, but an authorized administrator can update the pool’s withdrawalTimelock. The interface should read and display the current on-chain value before a user starts unstaking. During the applicable period, your tokens are not available to you and you cannot cancel to sell into the market.

The 20% instant-unstake charge is not refundable and is applied by the contract, not by Candle’s discretion.

Airdrop eligibility is suspended while an unstake is pending. You do not receive distributions during that window, and eligibility resumes only when you restake.

3.4 Claiming

Distributed rewards must be claimed. Claiming is an on-chain transaction and you pay the network fee.

Candle may set a period after which unclaimed rewards lapse. Where it does, it will give notice.

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4. Community access

$CNDL holdings and Believer NFT status gate the Candle community rings described in $CNDL.

Community access, including Candle Elite, is granted at Candle’s discretion, is not purchased, and may be modified or withdrawn. Access is not a product you have bought, and holding $CNDL does not entitle you to it.

Candle Elite applications require a linked Discord account. Candle is not responsible for Discord’s availability or for actions Discord takes against your account.

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5. Giveaways and airdrops

Distributions from the community allocation are governed by the Giveaway Official Rules. They are promotional, discretionary, and may be modified, suspended, or cancelled.

Nothing in the staking programme or these terms creates an entitlement to any airdrop or giveaway.

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6. Risks

Staking is subject to the risks in the Risk Disclosure Statement, particularly:

• Smart contract risk — the staking contract may contain bugs or be exploited, resulting in loss of staked tokens;
• Market risk — $CNDL and any distributed token may lose all value;
• Liquidity risk — the 7-day window prevents you exiting during it;
• Programme risk — Candle may change or end the programme.

Candle is not liable for losses arising from staking, including losses caused by smart contract failure, the worthlessness of distributed tokens, market movement during an unstaking period, or your inability to claim.

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7. Taxes

Staking rewards, airdrops, giveaway winnings, and disposals of $CNDL may be taxable events in your jurisdiction, potentially at the time of receipt as well as on disposal.

You are solely responsible for determining and paying what you owe. Candle does not provide tax advice and does not withhold or report on your behalf except where required by law.

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8. Eligibility

You must be 18 or over and not located in a Prohibited Jurisdiction to stake, claim, or receive distributions.

Candle may exclude any wallet or account from staking, rewards, or distributions where it identifies sanctions risk, fraud, manipulation, or breach of the Terms of Service.

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9. Changes

Candle may amend these terms and may modify, suspend, or discontinue the staking programme at any time. Material changes are announced. Continued participation after an amendment constitutes acceptance.

Nothing here obliges Candle to continue the programme indefinitely.

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Questions: legal@candle.tv