Token Sale Terms and Conditions
The following Agreement ("Terms") administers your (“you” or the “Buyer”) purchase of tokens from ZNAQ Global Foundation. Each of the buyer and the Company is a “Party” and, collectively, the “Parties” to the Agreement. This document is not a solicitation for investment decision and/or will not relate by any means to offering legal coverage in any jurisdiction. This document explains the token sale, and the terms required to utilize the services we offer.
In the event any clause seems unacceptable to you, please do not purchase tokens from the company. By signing up with us, or making a purchase, you agree to be bound by these terms and conditions incorporated in the agreement. After utilizing our services, you agree that the company will not be held responsible for any losses or damages, and you acknowledge that that the firm and the specific staff, officers, owners, technicians, advisors, capital holders, vendors, distributors, carriers, parent organizations, subsidiaries, associates, brokers, team members, predecessors, successors and assigns liable for any deficits or any specific unique, accidental, or strategic problems emanating from, or by any means linked, to the sale of token, as well as demerits related to the terms laid out below.
We advise you not to purchase the tokens in case you are not capable of managing cryptographic tokens or other software related to block-chain technology. Before you make any purchase, please read this agreement carefully, or contact a relevant accountant, tax professional or a lawyer to ensure you make an appropriate decision. In the event you do not accept any clause listed in this agreement, please do not purchase the tokens. Buyer agrees to buy, and company agrees to sell, the token tokens in accordance with the following terms:
The “Crowdfunding Donation Campaign” (also stated as “CDC”) represents the time period stipulated on the Site, wherein the Company will likely be accepting Donations from users, delivered to the Company in return for Tokens in accordance with the recent exchange rate. The primary objective is the crowdfunding for financing the venture which is defined in the White Paper of our company's project.
Conditions to Token Sale
You might not obtain a token in case you are a resident, citizen or green-card holder of the USA, or an inhabitant or dweller of China, North Korea, South Korea, Canada, Singapore, Australia and the other countries where it is forbidden to invest in Token Sales.
Upon purchasing, or otherwise receiving, a token, you affirm and signify that the following are a real and precise representation of the foundation on which you are obtaining the ZNAQ Tokens:
• Neither the Company nor any of the ZNAQ Staff member has offered you any recommendation concerning an appropriate investment for you;
• You have adequate knowledge of the performance, utilization, storage, communication mechanisms and complexities connected with cryptographic tokens;
• You are officially authorized to obtain and maintain token in your, or any other appropriate jurisdiction;
• You have studied the legislation of your country, having enough experience for this, or used a lawyer, and have confirmation that ZNAQ Token is not a security token or a share in your country, and does not require any additional permits or licenses for their sale or purchase.
• You will provide us with all info, paperwork or details that we need to accept your purchase of token
• You have not provided us with details associated with your acquisition of token that are incorrect or unreliable;
• You will offer us any extra info which might be realistically needed so that we are able to fulfill our lawful, regulatory and contractual duties, such as anti-money laundering responsibility;
• You will inform us immediately about all the modification details;
• You are of an adequate age to legitimately acquire TOKEN, and you are unaware of the other legal factors to avoid you from acquiring TOKEN;
• You take exclusive accountability for any limitations and challenges related to acquiring and keeping TOKEN;
• By obtaining TOKEN, you are not making a controlled purchase, as this phrase might be interpreted by the regulator in your jurisdiction;
• You are not acquiring or utilizing TOKEN for any unlawful objective, and will not utilize TOKEN for unauthorized functions;
• You give up any right you might have acquired to engage in a class action lawsuit against any specific individual associated with the sale of TOKEN;
• Your acquisition of TOKEN does not include your purchase or invoice of stocks, possession or an equivalent in any present or upcoming community or personal organization, company or other enterprise in your jurisdiction;
• To the degree authorized by legislation and given we act in sound faith, the Company makes absolutely no guarantee whatsoever, either stated or signified, concerning the long term success of TOKEN.
• To participate in ZNAQ Token Sale, you must register at znaq.org and create your personal profile.
• You acknowledge that TOKEN is formulated by the company and you acquire TOKEN on an “as is” and “under-development” principle. Consequently, given the Company behaves in good belief, you acknowledge that the Company provides TOKEN without being capable of offering any guarantees with regards to TOKEN, such as, title, merchantability etc.
• You acknowledge that you possess exclusive accountability for deciding if (i) the acquisition, the utilization or possession of TOKEN (ii) the possible recognition or depreciation in the value of TOKEN with time, (iii) the sale and purchase of TOKEN; and/or (iv) any other activity or transaction associated with TOKEN has tax ramifications.
In the event an individual violates the rules of investments, we will not be liable for that.
As a user, if you purchase the token, there is no any implied warranty that the exact implementation of project plan will be completed. The company does not provide any guarantee that the token price will match the value of the index based on the formula. The company does not guarantee the liquidity or stable market demand for the token and does not take any responsibility in such case. There are several factors that are taken into account while developing the product and the tokens, and there might be certain changes in these factors which can affect the final results. As a user, you acknowledge, there is no guarantee that the project will achieve all development goals and there is a risk of the project not to be completed.
As a user, you acknowledge that we reserve the rights to perform additional emissions of tokens, run additional Token Sales, and even extend/decrease the period of completion ahead of schedule.
It is prohibited to pay from stock exchanges like bitfinex, polonox etc. All money payments from exchanges, will be lost.
The tokens are exchanged for other cryptocurrencies according to current exchange rate. Your acquisition of TOKEN does not include your purchase or invoice of stocks, possession or an equivalent in any present or upcoming community or personal organization, company or other enterprise in your jurisdiction.
As per the popular Howey test the digital tokens should not be deemed as securities or a collective investment scheme:
(i) the tokens do not grant to the User any voting or ownership rights;
(ii) the tokens do not grant to the User any return on investment;
(iii) the tokens do not grant to the User any profit and passive income from the ownership of the tokens.
Therefore, the tokens are not securities and are not registered with any government entity as a security, and shall not be considered as such.
We reserve the right to demand your personal details at any period and time, in order to comply with KYC and AML standards. All participants acknowledge this and will provide accurate and correct personal information details at demand.
ZNAQ Tokens will be transfered to your E20 wallet within 48 hours after the confirmation of your initial transaction.
After the Token Sale
Buyers must have no expectation of influence over governance of the Firm. Upon the closing of a profitable transaction, the digital possessions supporting every single token will likely be transparently acquired.
The company will offer you a sanctioned and typical audit performed on the availability of the electronic possessions backing a token. During this audit, it is possible to monitor and ensure that the digital possessions sponsoring your token are obtained and acquired. All purchases of tokens are final and are non-refundable. By buying tokens, the buyer accepts that neither the organization nor any of the associates, owners or stakeholders will offer a refund for any purpose/reason.
By purchasing ZNAQ Tokens hereunder the Buyer acknowledges and warrants that his/her funds in no way arise from unethical or illegal resources, that the buyer is not utilizing any proceeds of illegal or criminal activity, that the buyer is not associated with sanctions(imposed by United States of America or United Kingdom) and terrorism activity, and that no any transaction involving ZNAQ Tokens are being utilized to facilitate any criminal or illegal activity.
If Buyer have provided false information about his/her identity, or violated the token sale agreement, Buyer holds all responsibilities to governmental organizations or any other parties for any law violations in any jurisdiction. In this case, we have the right to block trading of Buyers token on our resources (due to the lack of possibility to block the token in the Ethereum Blockchain), without any refund to Buyer.
Disclaimer of Warranties
The buyer explicitly confirms that he/ she is buying token at their sole risk and that token is supplied on an "as is" basis without guarantees of any sort, either express or signified, including, but not restricted to, guarantees of title or indicated warranties, merchantability or for a specific objective (except merely to the degree forbidden under relevant legislation with a lawfully obligated assurance period less than 30 days from initial utilization or the minimum time needed). Without restraining the foregoing, none of the company staff warrants that the method for buying token will likely be undisturbed or error-free.
Limitations Waiver of Liability
The buyer accepts and confirms that, to the maximum degree authorized by any relevant legislation, the disclaimers of liability included here in this agreement affect all of the reparations or damage whatsoever attributable to or associated with (i) utilization of, or incapability to utilize, token or (ii) the staff under any specific cause or activity whatsoever of any type in any jurisdiction, such as, without restriction, activities for contravene of guarantee, breach of agreement or tort (which includes carelessness) and that nobody of the company's staff will be accountable for any indirect, unintentional, unique, extensive or strategic reparations, including for lack of earnings, goodwill or information, by any means whatsoever emanating from the utilization of, or failure to utilize, or purchase of, or failure to buy, token, or developing from any conversation with the smart agreement executed with regards to tokens. The buyer additionally accepts that the staff is not accountable for the behavior of 3rd parties, such as the other buyers of tokens, and that the liability of buying and utilizing token sets completely with the buyer. To the degree permitted under relevant legislation, for no reason will any of the staff be susceptible to any buyer for more than the sum the buyer have paid out to the firm for the purchase of that token. A few jurisdictions tend not to permit the exclusion of particular warranties or the restriction or exclusion of accountability for specific kinds of reparations. Consequently, a few of the above restrictions within this section or in other sections of this agreement might not affect a buyer. Particularly, absolutely nothing in these terms and conditions will influence the statutory privileges of any buyer or dismiss damage caused by any willful malfeasance or fraudulence of the staff.
Taxation of Token and Taxation Associated with the Token Sale
The Buyer possesses the exclusive obligation to evaluate if the purchase of token has tax ramifications for the Buyer in the his/ her jurisdiction. By buying token, and to the degree authorized by legislation, the Buyer confirms to never hold any of the Firm, its associates, stakeholders, supervisor, or experts accountable for any tax responsibility related to or owing to the purchase of token.
Important language disclaimer – To prevent any possible translation inconsistencies which might be out of the firm's control, the agreement is only accessible in English. For anyone who is struggling to understand the language, kindly seek the guidance of an expert translator before moving forward.
The Buyer and the Provider (Company) acknowledge that in the event any specific component of these terms and conditions seems unlawful or unenforceable, in complete or to some extent, such stipulation will, as to such jurisdiction, be inadequate exclusively to the scope of such decision of invalidity or unenforceability without influencing the authenticity or enforceability thereof in any additional manner, which will remain in full force and impact.
The inability of the Provider (company) to demand or enforce stringent performance by the Buyer of any stipulation of the agreement or the Company’s inability to exercise any kind of right under this agreement will not be construed as a waiver or relinquishment of the Company's right to claim or depend on any such clause in that or another case. The prompt waiver by the company of any provision, shape, or requisite of this agreement will not form a waiver of the potential responsibility to adhere to these provisions, forms or necessities. Except as explicitly and particularly laid out in this agreement, absolutely no representations, records, consents, waivers, or additional acts or omissions by the staff will be deemed an alteration of this agreement nor be lawfully obligatory.
Updates to the Terms
The Company reserves the right, at the sole judgment, to modify, adjust, insert, or eradicate specific elements of this agreement anytime throughout the sale by publishing the amended Terms on the Site. Any Buyer shall be deemed to have approved these kinds of modifications by buying the tokens.
Collaboration with Authorized Officials
The Company will act jointly with all law enforcement enquiries, subpoenas, or queries given these are completely fortified and reported by the legislation in the appropriate jurisdictions.
To the maximum degree authorized by relevant legislation, you may indemnify, safeguard and hold harmless the company and its staff from and against all of the statements, activities, reparations, deficits, expenses and charges (along with attorneys’ costs) which appear from or relate with: (i) your investment or utilization of tokens; (ii) your obligations or commitments under the agreement; (iii) your violation of the agreement; or (iv) your violation of the privileges of any other individual or organization.
The Company reserves the right to exercise exclusive restrain over the fortification, at your cost, of any statement susceptible to indemnification under this section. This indemnity is in conjunction with, rather than in place of, all other indemnities laid out in a written contract between you and the Company.
You are accountable for employing realistic measures for protecting the vault, wallet or additional storage components you utilize to acquire and keep tokens bought from the Company, such as any specific requisite personal key or additional credentials required to gain access to these storage mechanisms. In the event your personal key or additional access credentials are forgotten, you might lose accessibility to your Tokens. The Company is not accountable for any deficits, expenses or costs concerning lost access credentials.
Presently, only English variants of company's conversations are considered sanctioned. The English variation will prevail in the event of variations in translation.
This agreement, the arbitration clause incorporated into it, and all non-contractual commitments emanating by any means whatsoever due to or in connection to these clauses are governed by, construed and occur in line with English legislation.
Any claim or dissimilarity emanating from (or with regards to) these terms or the lawful associations demonstrated by these Terms, which include any query concerning its availability, authenticity or expiration (“Dispute”), ought to be known and ultimately settled by arbitration under the legal Guidelines where relevant principles will likely be considered to be integrated by reference into this clause, save for virtually any waiver of the privileges the parties would otherwise need to any kind of appeal or resort to a court of law or different judicial agency, which privileges are explicitly conserved. There will be 3 arbitrators; the seat of the arbitration will be Saint Kitts and Nevis, and English will be used as a language of the arbitration.
Argue developing from or associated with these Terms and conditions is personal to you along with the Company and will be addressed exclusively by means of personal arbitration and will not be introduced as a class arbitration or some other form of representative proceeding. There may be no class arbitration or arbitration wherein a person tries to solve a Claim as a consultant of another individual.