ShardStarter, referred to as "The Company" or "ShardStarter," is established in . The Company has created a cutting-edge fundraising platform that allows users to cultivate user involvement and buy, sell, or trade their own cryptographic assets. Users will be able to receive and utilize a Cryptographic Token called the ShardStarter Token, which will be integrated into The Company's newly developed ecosystem. This ShardStarter Token will be constructed using blockchain technology that includes unalterable code functions and software, allowing users to own and trade a specific type of ShardStarter. As part of its global expansion plan, The Company intends to introduce new and improved features to its platform and enhance its administrative, technical, and development services to the blockchain technology network powered by its users. To support software development, marketing, promotion, legal compliance, and ecosystem building, The Company is launching a crowdfunding campaign to offer ShardStarter Tokens (in the form of software) for sale to participants, users, philanthropic donors, and others interested in supporting our initiative.
Overview of Network and Services
The Company is bringing innovation to the fundraising scene with its cutting-edge platform. It harnesses the power of advanced technology to enable users to sell their own Tokens and launch their own crowd-funding initiatives. The ShardStarter Token is designed using state-of-the-art blockchain technology, making it easily accessible from a range of computer and mobile devices through a secure private wallet.
TERMS AND CONDITIONS -- DISCLAIMERS
Kindly be advised to carefully read and understand these Terms of Sale for the purchase of ShardStarter Tokens from ShardStarter Platform Ltd. (referred to as "Company" or "we"). Please note that some sections of these Terms, including those related to binding arbitration and class action waiver, may impact your legal rights. If you do not agree with these Terms of Sale, kindly refrain from purchasing the ShardStarter Tokens. By participating in the Token sale during the designated Sale Period and purchasing the ShardStarter Tokens, you acknowledge and agree to be bound by these Terms, as well as all other terms that are incorporated into these Terms. If you have any questions or concerns regarding these Terms, you may reach out to us through our website at www.ShardStarter.io.
Updates to the Terms and Conditions of the Token Sale:
The Company retains the right to alter the Terms of Sale at any time during the sale period by posting the updated terms on their website, www.shardstarter.io. If a user decides to purchase ShardStarter Tokens, it will be assumed that they have agreed to the changes made to the Terms. These Terms cannot be modified in any other manner unless there is a signed written agreement between both the Purchaser and the Company. Please note that "written" in this context does not include an email and a signature does not include an electronic signature. If at any time a user disagrees with any part of the current version of the Terms, they should not purchase the ShardStarter Tokens being offered.
You and ShardStarter agree as follows:
The ShardStarter Tokens serve as a tool for the decentralized transfer and sharing of data on the Network, created and managed by Company. The Network uses blockchain technology and offers a website for companies to sell their goods through NFTs and effectively manage their inventory. The services provided aim to promote social and financial inclusion for all users.
The ShardStarter Tokens issued during the sale period will support the provision of Services from Company through their software applications and product development on the Network. More information about the Network, Services, and Company can be found in Exhibit A and other related documents.
Please note that this is not a solicitation for investment and should not be considered as an offering of securities in any jurisdiction. Instead, it is a crowdfunding project where participants who contribute a certain amount of money will receive ShardStarter Tokens as a reward.
It is important to understand that the ShardStarter Tokens have a specific purpose within the Company ecosystem and are not meant to have any other value or use. They are seen as a type of consumable virtual fuel or tool, not having any expectation for their merchantability or market price.
The ShardStarter Tokens are not to be considered as:
Currency or money (fiat or otherwise)
Equity interest, voting or non-voting securities, or claims against ShardStarter or its affiliates
Equity or debt investment of any kind
Commercial paper or negotiable instrument
Investment contract between the holder and any other person
Commodity or asset that must be redeemed or purchased
Note, bond, warrant, or certificate that entitles the holder to interest, dividend, or return from any person
For more information about the ShardStarter Tokens, the Wallet, Services, the website, or the Token sale event, please visit www.ShardStarter.io. This includes the Site, the Terms of Services, the Terms of the ShardStarter Tokens Token Sale, and the Whitepaper.
Participation in the Token sale event is voluntary and not a requirement for visiting the site, registering, or communicating with Company in any way. It is important to understand that purchasing, holding, or using ShardStarter Tokens is not risk-free. Each participant must only participate in the event through a personal web account registered on the website and must have fully understood the Disclaimers and the Whitepaper, including the risk factors, before participating.
The purchased ShardStarter Tokens will be sent to the address specified by the participant during registration. Company reserves the right to verify the identity of participants and may conduct customer due diligence. If a purchase is found to violate any anti-money laundering, counter-terrorism financing, or other regulatory requirements, the purchase will be deemed invalid and Company may deny the participant's admission to the event, reject delivery of the tokens, and request the return of any delivered tokens. This includes individuals based in countries that do not allow the purchase or transfer of ShardStarter Tokens.
As a purchaser of ShardStarter Tokens, you are responsible for implementing appropriate security measures for your wallet or any other storage mechanism used to receive and hold the Tokens, including maintaining the necessary private key(s) or credentials. If you lose access to your Tokens as a result of losing your private key(s) or other access credentials, we will not be held responsible for any losses.
Please note that purchasing ShardStarter Tokens should only be done by individuals, entities, or companies who have substantial experience with and knowledge of cryptographic Tokens like Bitcoin and blockchain-based software systems. Purchasers should also have a functional understanding of the storage and transmission mechanisms associated with other cryptographic Tokens. Although our team will be available to assist Token purchasers during and after the sale, the company will not be liable for any cryptocurrency losses such as BTC, ETH, BNB, or other Tokens resulting from actions or omissions made by the purchasers. It is important to take precautions to ensure that you do not lose your wallet password, as it is crucial to access your Tokens during or after the initial sale. If you do not have the necessary experience or expertise, we advise against purchasing ShardStarter Tokens or participating in the pre-sale.
In order to participate in the Token Sale Event, each purchaser must represent and warrant the following:
(i) All information submitted to the company is true, complete, accurate, and not misleading. (ii) The purchaser is not a citizen, tax resident, or green card holder of the United States, Singapore, South Korea, China, or any other restricted or banned country and that purchasing Tokens in their country is legal and not considered a security. (iii) The purchaser is of legal age and has full civil capacity to participate in the Token Sale Event in accordance with the laws of their jurisdiction. (iv) The purchaser has experience and is knowledgeable in the fields of blockchain, distributed ledger technology, crypto-Tokens, cryptocurrency, and financial markets and understands the associated risks. (v) The purchaser's participation in the Token Sale Event is voluntary and based on their own independent judgment, not influenced by anyone else. (vi) The purchaser is legally permitted to acquire, receive, and hold ShardStarter Tokens in accordance with the laws of each jurisdiction. (vii) No consent, approval, order, or authorization from any governmental authority is required for the purchaser to participate in the Token Sale Event. (viii) The purchaser is experienced in and capable of maintaining the safety of their Token, Bitcoin, BNB, or any other wallet/Token private key(s). (ix) The Tokens used by the purchaser were legally acquired through mining and/or trading and are not being used for any illegal or unethical purposes such as money laundering or terrorism financing. (x) The primary purpose of acquiring Tokens from the company is to use the functions of the Company's Ecosystem and not for financial gain. (xi) The purchaser is participating in the Token Sale Event for their own benefit and not as a nominee or agent for any third party, unless previously communicated and approved by the company.
All representations and warranties made by a purchaser must remain true and accurate throughout the Token Sale Event and beyond. The company reserves the right to reject payment and withhold Tokens from any purchaser who has made false representations, at the sole discretion of the company.
Please note that we do not control all aspects of the Network, and as such, we are not responsible for the Network or have the ability to influence third-party usage of the Network.
Ownership of Tokens only grants the right to use Tokens as a means to access and interact with the Network, if successfully completed and deployed. Tokens do not confer ownership
Scope of Terms
Cancellation; Refusal of Purchase Requests
The purchase of Tokens from us during the Sale Period is final and cannot be refunded or cancelled, unless mandated by applicable law or regulation. The Company reserves the right to reject or cancel any purchase request at any time in its discretion, regardless of any conflicting terms in this agreement.
Terms of ShardStarter Sale: Procedures and Specifications
The procedures and specifications regarding our Token sale, including but not limited to the timing, pricing, total number of Tokens to be sold, and use of sale proceeds, are outlined in Exhibit B. By purchasing Tokens, you confirm that you understand and accept these procedures and specifications.
Risks Associated with Token Purchase
You acknowledge that there are inherent risks involved with purchasing, holding, and using Tokens for providing or receiving Services in the Network, as outlined in Exhibit C. If you have any questions regarding these risks, please reach out to us through our website. By purchasing Tokens, you acknowledge and fully assume these risks.
In order to comply with relevant laws and regulations when selling ShardStarter Tokens to you, we may need to gather specific information from you. Upon our request, you agree to promptly furnish us with the requested information. If you fail to do so, or if we determine that it is illegal to sell Tokens to you under applicable law or regulation, we reserve the right to refuse the sale.
You, as the purchaser of Tokens, are responsible for paying all taxes relevant to your purchase, including but not limited to sales, use, value-added, and similar taxes. The purchase price for the Tokens does not include any of these taxes. It is your responsibility to accurately determine the applicable taxes and to properly withhold, collect, report, and remit them to the relevant tax authorities. We will not be held responsible for any of these tax-related obligations associated with your purchase of Tokens.
Representations and Warranties
By purchasing ShardStarter Tokens, you confirm and guarantee the following:
You have thoroughly read and comprehended these Terms, including all its accompanying Exhibits.
You possess adequate understanding of the features, utilization, storage, transmission methods, and other crucial characteristics of cryptographic Tokens, Token storage systems (such as Tokens/wallets), blockchain technology, and blockchain-based software systems to comprehend these Terms and be aware of the risks and implications of purchasing Tokens.
You have obtained enough information about the Token to make an informed choice to purchase the Token and what it is intended for.
You acknowledge that the Tokens only grant the right to provide and receive Services in the Network and do not convey any other rights regarding the Network, Company, or its affiliated companies, including but not limited to voting rights, distribution, redemption, liquidation, proprietary rights (including intellectual property), or any other financial or legal rights.
You understand that reselling Tokens to any person or party is prohibited if it violates any national, domestic, or international laws concerning securities, financial, or terrorism laws.
You are purchasing Tokens solely for the purpose of providing or receiving Services in the Network and supporting the development, testing, deployment, and operation of the Network. You are not purchasing Tokens for any other purpose, such as investment, speculation, or other financial objectives.
Your purchase of Tokens complies with applicable laws and regulations in your jurisdiction, including but not limited to: (i) The necessary legal capacity and other threshold requirements in your jurisdiction to purchase Tokens, use Tokens in the Network, and enter into contracts with us, (ii) Any foreign exchange or regulatory restrictions relevant to such purchase, (iii) Any governmental or other consents that may need to be obtained.
You will comply with all tax obligations in your jurisdiction arising from your purchase of Tokens and hold the Company harmless for any taxes incurred through the purchase, sale, holding, or disposal of Tokens.
If you are purchasing Tokens on behalf of an entity, you have the authority to accept these Terms on its behalf, and the entity will be responsible for breaches of these Terms by you or any other employee or agent of the entity (references to "you" in these Terms refer to you and the entity collectively).
You are not a resident or domiciliary of the United States of America, China, or Singapore, or purchasing Tokens from a location in these jurisdictions. Furthermore, you are not: (i) A citizen or resident of a region where access to or use of the Services is prohibited by applicable law, decree, regulation, treaty, or administrative act, (ii) A citizen or resident of, or located in, a region that is subject to U.S. or other sovereign country sanctions or embargoes, or (iii) An individual, or an individual employed by or associated with an entity, listed on the U.S. Department of Commerce's Denied Persons or Entity List, the U.S. Department of Treasury's Specially Designated Nationals or Blocked Persons List, or the U.S. Department of State's Debarred Parties List. You agree that if your country of residence or other circumstances change such that the above statements are no longer accurate, you will immediately discontinue the use of the Services. If you are registering to use the Services on behalf of a legal entity, you also confirm and warrant that: (i) The legal entity is properly organized and legally exists under the laws of the jurisdiction of its organization, (ii) You are authorized by the legal entity to act.
To the extent allowed by applicable law, you agree to indemnify, defend and protect Company and all of its current and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (collectively known as the "Company Parties") from and against any and all claims, demands, damages, losses, costs, and expenses (including legal fees) that result from or are related to:
(i) Your purchase or use of Tokens, (ii) Your responsibilities or obligations under these Terms, (iii) Your violation of these Terms, or (iv) Your violation of the rights of any other person or entity.
Company reserves the right to control the defence against any claim that is subject to indemnification under this agreement, and you agree to pay for such defence at your own expense. This indemnification is in addition to, and not in place of, any other indemnification obligations outlined in a written agreement between you and the Company.
To the maximum extent permitted by law and unless otherwise stated in writing by us, please note the following regarding the sale of Tokens: (A) Tokens, including ShardStarter Tokens, are sold "as is" and "as available" without any warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, title, and non-infringement. (B) We do not guarantee the reliability, currency, or error-free nature of the Tokens, nor do we guarantee that they will meet your requirements. (C) We cannot guarantee that the Tokens or their delivery mechanism are free of viruses or other harmful components.
It is important to note that some jurisdictions may not permit the exclusion of certain warranties for consumers. Therefore, some or all of the exclusions and disclaimers stated in this section may not apply to you.
Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY LAW: (I) THE COMPANY AND THE COMPANY PARTIES WILL NOT BE RESPONSIBLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES THAT RESULT FROM THE SALE OR USE OF THE shardstarter Tokens OR THAT ARE CONNECTED TO THESE TERMS, INCLUDING LOSSES OF REVENUE, INCOME, OR PROFITS, LOSS OF USE OR DATA, OR BUSINESS INTERRUPTION DAMAGES, REGARDLESS OF THE ACTION'S FORM, WHETHER IT'S CONTRACT, TORT, OR ANY OTHER LEGAL OR EQUITABLE THEORY. THIS LIMITATION APPLIES EVEN IF THE COMPANY OR THE COMPANY PARTIES WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; (II) THE TOTAL LIABILITY OF THE COMPANY AND THE COMPANY PARTIES FOR ALL CLAIMS RELATED TO THESE TERMS OR THE USE OF THE shardstarter Tokens WILL NOT EXCEED THE AMOUNT PAID TO US FOR THE Tokens.
Please note that some jurisdictions may not allow the exclusion or limitation of liability for certain damages, so some of these limitations may not apply to you. Also, this limitation does not apply in the case of gross negligence, fraud, intentional, deliberate, or reckless misconduct by the Company.
To the fullest extent permitted by law, you relieve Company and the other Company Parties from any responsibility, liability, claims, demands, and/or damages (actual and consequential) of all types, both known and unknown (including but not limited to claims of negligence) that may arise from disputes between users and the actions or inactions of third parties. By agreeing to this release, you voluntarily give up any rights you may have under principles that would otherwise limit the scope of this release to only those claims that you are aware of or suspect to exist in your favor.
Total Waiver of Liability: You acknowledge and agree that Company, its directors, members, shareholders, or any other party associated with the company will not be held liable for any losses related to the use of, creation, development, obtaining, transfer, holding, or your overall participation in the Token Sale Event or possession of the Tokens. This includes any instance where a regulatory body takes action or initiates an investigation that results in the Tokens being frozen or otherwise taken out of circulation at the request of a court.
You also agree to hold the company, its members, directors, or shareholders harmless for any failure to develop software features or any issues related to project development. Any forecasts, figures, suggestions, designs, or ideas are subject to change, compliance with regulations, and development fees. If the company does not create, develop, or deploy any of the ideas or suggestions outlined on its website, white paper, or in any press release, the company, its directors, members, shareholders will not be held responsible for any losses or breaches of this agreement.
Except for disputes relating to intellectual property, such as copyrights, trademarks, trade names, logos, trade secrets, or patents, where either party may seek injunctive or other equitable relief, you and the Company agree to waive your rights to bring any dispute arising from these terms to a court and to have a jury trial.
DISPUTE RESOLUTION -- ARBITRATION
Except for disputes relating to intellectual property, such as copyrights, trademarks, trade names, logos, trade secrets, or patents, where either party may seek injunctive or other equitable relief, you and the Company agree to waive your rights to bring any dispute arising from these terms to a court and to have a jury trial.
No Class Arbitrations, Class Actions or Representative Actions.
Disputes that arise or are related to these Terms are solely between you and Company and will only be resolved through individual arbitration. Class arbitration, class actions, or any other form of representative proceedings are not allowed. No individual may bring a dispute as a representative of another individual or group, either within or outside of arbitration. Additionally, a dispute cannot be initiated as a class action or any other type of representative action on behalf of any other individual or group.
Arbitration will be conducted confidentially. Any Dispute shall be referred to and finally resolved by arbitration administered by an Arbitration Body sitting in the ____________________. In accordance with the Arbitration Rules of the ____________________, for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be The ____________________. The Tribunal shall consist of one (1) or three (3) arbitrator(s). The language of the arbitration shall be English. The ____________________ judicial system will have exclusive jurisdiction over any appeals and the enforcement of an arbitration award applying the laws of the ____________________. All costs of Arbitration will be born and maintained by you.
Authority of Arbitrator(s)
As limited by these Terms and Arbitration rules, the arbitrator(s) will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator(s) may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
Severability of Dispute Resolution and Arbitration Provisions.
If any term, clause or provision of this Section is held invalid or unenforceable, it will be so held to the minimum extent required by law, and all other terms, clauses and provisions of this Section will remain valid and enforceable. Further, the waivers set forth in this Section are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.
Governing Law and Venue
These Terms will be governed by and construed and enforced in accordance with the laws of the ____________________ without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. Any Dispute between the Parties arising out or relating to these Terms or its subject matter or formation (including non-contractual Disputes of claims) that is not subject to arbitration will be resolved in the courts of The ____________________ applying the laws of the ____________________.
If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.
These Terms constitute the entire agreement between you and us relating to your purchase of Tokens from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms at our website and update the “Last Updated” date above. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control.
Purchasing Tokens from us does not create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise provided herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form.
The parties hereto agree to a uniform waiver of any and all claims in equity, contract, or criminal, against one another weather known, unknown, or anticipated.
The user may not assign this agreement under any circumstances. The Company may assign it to a third party or other corporation by providing written notice to the other party.
TERMS OF SERVICE FOR SITE, WALLET AND USE OF NETWORK SERVICES
These additional Terms of Service and Use (Hereinafter " Exhibit A Terms" or "Terms of Service") are made between you (Hereinafter the “User” or “you”) and SHARDSTARTER Platform LTD., reg number 108936 (“The Company”, “we”, “us” or “The Company”) (Hereinafter collectively called “The Parties”). By engaging with or using the www.ShardStarter.io (the “Site”), purchasing Tokens ('Tokens' or 'ShardStarter Tokens'), or utilizing any of The Tokens, services, you are deemed to have accepted these Terms of Service. If you do not agree with these Terms of Service or any of the clauses contained within, you should no longer continue using the ShardStarter website.
The Company may provide an online feature known as the Wallet ( Hereinafter the “Wallet”) which allows Users to transfer the ownership of digital assets, or other cryptographically secured The Tokens ( Hereinafter “ShardStarter Tokens”) over blockchain or distributed ledger technology (“DLT”) - For the avoidance of doubt these are sometimes colloquially referred to as “cryptocurrencies.” The User wishes to use the Wallet, change ownership of ShardStarter Tokens, or use any of the other services provided by The Company (Hereinafter “the Services”). In doing so the User agrees to be bound to these Terms of Service. This agreement is made in good faith between the parties.
In order for the User to access or use any of the services provided by the company, it is required that You first accept and comply with these Terms. For the avoidance of doubt these Terms of Service apply to all visitors, users and any other party who accesses or uses either any of our Services or the Website. They govern the relationship between you and The Tokens and you should take time to read them carefully.
All references to the term ShardStarter or Company also include its directors, members, shareholders, officers, agents, employees, or contractors working on their behalf.
By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you may not access the Service.
Pursuant to the Electronic Signature laws you are deemed to accept these terms with your continued use of our website and any of our Services.
We will provide notice of any amendment to these Terms by posting any revised terms to the site and updating the “Last updated” field above accordingly or by any other method we deem appropriate. We are not obligated to provide notice in any other method beyond these. Any change to these Terms will be effective immediately upon such notice and apply to any ongoing or subsequent use of the Site, Services, or Wallet.
At no time are these Terms of Service designed to create a Partnership. The User and The Company are entering into this agreement and at no time does it constitute the creation of a partnership, agency, or other business relationship in which the Parties can legally bind each other.
Qualifications of User in order to use the site
The User represents and warrants they are at least eighteen (18) years of age, are legally entitled to use the internet and services like those provided by The Company (according to the laws of the ____________________ and any relevant jurisdiction in which you reside), and have not had your right to use our service previously suspended or revoked by us.
Illegal and Prohibited Use
The User represents and warrants that they will not use the Site, Coin, Network or Wallet for any criminal, illegal, or otherwise prohibited use, including (but not limited to) activities related to money laundering, drugs trafficking, human trafficking, weapon trafficking, terrorism, securities fraud, or tax evasion.
The User further represents and warrants that they will not use the The Tokens, Services or Wallet to assist any other party in activities which are not compatible with their domestic or international civil or criminal laws.
From time to time as required by various Money Laundering regulations and regulatory bodies the User may be required to provide identification documents associated with them in order to prove identification or ownership of banking facilities. In the event that The Company is required to examine personal information relating to a User, The Company reserves the right to suspend or pause the User account until such time as they have reasonably identified themselves or ownership of banking facility.
During such suspension time the User will not be able to access any The Tokens or Funds already deposited in their account or Wallet.
Identification documents that are accepted include government issued ID and Certified Banking Documentation provided by your banking or financial institution.
At all times the User agrees to indemnify and hold harmless The Company for any claims or causes of action arising from or out of any investigation or enquiries made from any government or extra governmental body responsible for financial regulatory conduct that holds jurisdiction over the User.
The User represents and warrants that they will in no way use the Wallet or Services to: distribute spam, junk communications or chain letters; reverse engineer or otherwise improperly access any of the Site’s or the Wallet’s underlying code or technical mechanisms; cause damage to the Site or The Company through any means, including, but not limited to, through the use of hacking, malware, viruses, illegitimate credentials, phishing, brute force attacks, SQL exploits, or any other method of detrimentally intercepting, interrupting, or damaging any information or functionality related to the Site. You also agree not to transfer access to your Account (as defined below) or any other rights granted to you by these Terms.
Registration and Account
In order to use our Services you are first required to create an account with The Company (“Account”).
During the registration process you may be asked questions about yourself. This information is used in order to determine if you are eligible for an Account. You warrant and agree that all information provided when creating an Account is current, complete, and accurate.
The User will promptly notify The Company of any changes to any information that would cause the information provided upon your Account’s creation to no longer be current, complete or accurate.
The User also expressly agrees that no Account will be created until such time as they have successfully confirmed their identity and satisfied The Company that they are who they claim to be during registration. This includes all personal and contact information such as email address and contact number.
You agree that you exclusively will access and use your Account, and may not transfer the right of its use or disclose any log-in credentials to a third party without our written consent. You agree to take full responsibility for any activity that occurs through the use of your account, and cannot transfer this obligation to any third party. You agree to notify The Company in the event that you discover or suspect any security breaches or vulnerabilities related to the Site, Services or Wallet.
Each User is responsible for their own account, they are not to share passwords or identifying information with any other party.
No accounts are to be created by Agents acting on behalf of another party. Each User is only to have one account.
NOTICE: USERS IN THE UNITED STATES OF AMERICA, CHINA, SOUTH KOREA, AND SINGAPORE MAY NOT REGISTER FOR OR HOLD AN ACCOUNT. ADDITIONALLY, USERS WHO ARE IN A COUNTRY OR TERRITROY WHERE IT IS ILLE
GAL OR ADDITIONAL REGISTRATION REQUIREMENTS ARE NEEDED IN ORDER TO SELL TOKENS SHOULD NOT PARTICIPATE.
Limitation of Liability
The User hereby warrants and agrees that The Company is not responsible whatsoever for any damages caused by the interception, loss or alteration to any information sent over the internet.
While The Company will take reasonable steps to ensure the security and privacy of any information transmitted during your use of our Services, in no event will any such information be considered “confidential” or will its disclosure to a third party, accidental or otherwise, cause liability against The Company, even if it occurs as a result of our negligence.
The use of The Company Services is undertaken “at risk” meaning that The Company will hold no responsibility toward the User, or any third party, for any actual or anticipated loss resulting from the use of Services. The Company takes every reasonable precaution to prevent and mitigate attacks. However, these problems still may occur from time to time for reasons that are out of our control.
If The Company believes an active Wallet has been compromised or is under attack, The Company reserves the right to immediately stop all Services related to such Coin/Token. If it is determined that such an attack caused an associated The Token to rapidly lose value or otherwise cause or threaten to cause damage to the Wallet, the Site, or other users, The Company may immediately discontinue all activity regarding such Token entirely at its discretion. This includes any activities through third party providers such as exchanges.
Resolution concerning deposits, withdrawals, account balances, services or other disputes related to an attacked wallets or accounts will be determined on a case-by-case basis.
The Company makes no representation and does not warrant the safety of the Wallet and is not liable for any lost value or stolen property, regardless of whether The Company was negligent in providing appropriate security.
The Company, its members, freelancers, or anyone working on their behalf hold no liability to the client for any actual or anticipatory damages from breach of this contract.
By this Agreement each party hereto releases the other party hereto from all claims, demands, damages, rights, liabilities, and causes of action of any nature whatsoever, whether at law or equity, known or unknown, suspected or unsuspected, which are related or in any manner incidental to the Lease and which first arise out of transactions and occurrences from and after the Termination Date. Each party waives and relinquishes any right or benefit which it has or may have under applicable law regarding waiver of unknown claims to the full extent that it may lawfully waive such rights and benefits. In connection with such waiver and relinquishment, each party acknowledges that it is aware that it or its lawyers or accountants may hereafter discover facts in addition to or different from those which it now knows or believes to exist with respect to the subject matter of this Agreement or the other party hereto but that is such parties intention hereby fully, finally, and forever to settle and release all of the claims, disputes, and differences, known or unknown, suspected or unsuspected, which now exist or may exist hereafter between each party.
Nothing contained in this section will remove the right of The Company to recover unpaid sums due for their performance under this contract and any costs associated with the recovery of that sums owed to them by the User.
The Company Does Not Provide Legal, Financial or Investing Advice At no time does The Company provide any legal, financial, investing advice and any publicised, provided, or referred to information or publications should not be considered as such. The Company's documents, site or services are not any other kind of specialized or expert advice on which the User might detrimentally depend, causing liability against The Company . In using the Wallet, you represent and warrant that you have sought any legal, financial, investment or otherwise specialized advice from an expert qualified to provide such counsel, or else you have the sufficient knowledge and sophistication to evaluate the risks and merits associated with Blockchain and/or The Company management and offerings and to competently use our Services. We give no warranty regarding the suitability of any Tokens or other assets acquired using our Wallet and assume no fiduciary duties to you. The User represents and warrants the understanding that any recommendations or commentary made by The Company or its employees or other users should be considered generalised in nature, and you should use your own judgement or seek the advice of an expert before taking any action regardless of such statement. We give no assurance as to the accuracy or completeness of any such statement. At all times the User agrees to undertake their own due diligence regarding the use of online digital Wallets and The Tokens before engaging in any of the Services provided by The Company.
Purchase of Tokens
The User can transfer BTC, ETH, BNB, SHMX and other permitted cryptocurrencies to our Wallet to purchase Tokens at the price as listed on the Site or negotiated directly with The Company.
Once the transferred funds are received by the company, The Company warrants to record the purchase of the Tokens at the applicable time during the sale Event based on the market price of the Cryptocurrency of your deposit. Additionally, if your deposit of funds happened during the official presale period, your total Token number will include any bonus Tokens amount based on your deposit date applicable to a specified bonus amount. If such a bonus is offered at the time.
The Tokens can only be purchased during the official Token sale period by accepting the respective Terms of Token Sale. No withdrawals are allowed during the Token Sale event, including pre-sale period. For any inquiries, please contact support team at via our website.
Users will receive their tokens at a designated time to be announced by The Company after the Tokens Sale Event has concluded.
Distribution of the Tokens
Tokens purchased by the User will be issued according to the respective Terms of Token Sale (and further detailed in Exhibit B). Once issued by the seller of the Tokens, The Company will distribute them to your Account or wallet address provided by you. The Company is not liable for any lost tokens sent to you as a result of a defective, or wrong wallet information provided by you.
Tokens will be available to you once they are sent to your wallet address or made available on an online account. You shall be responsible for implementing reasonable measures for securing the wallet, or other storage mechanism you decide to use to receive and hold Tokens including those in your Account, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s).
If your private key(s) or other access credentials are lost, you may lose access to the purchased Tokens. The Company shall not be responsible for any such losses.
INVESTMENT NOTICEAT NO TIME IS THE PURCHASE OF TOKENS AN INVESTMENT. THE PURCHASE OF ShardStarter Tokens IS A TRANSACTION AND DOES NOT AMOUNT TO OWNERSHIP, LENDING, OR CASH STYLE INVESTMENTS. ShardStarter IS NOT REGULATED BY ANY FINANCIAL BODY AND DOES NOT PROVIDE INVESTMENT OPPORTUNITIES, ADVICE, OR OPTIONS. ShardStarter IS NOT PROVIDING AN INVESTMENT OPPORTUNITY.
We grant you a limited, nonexclusive, non-transferable license (“License”) to access our network and use our Wallet, box, Site and Services.
This License is subject to these Terms. Any other use of the Services not expressly permitted by these Terms is prohibited. All other rights in the Wallet are reserved by The Company and our licensors, including that to any content or functionality as presented on the Site or the Wallet. “ShardStarter,” and all logos related to Services or displayed on the Site are registered marks of The Company or its affiliates.
You will not redistribute, claim ownership, license, deconstruct, reverse engineer, alter, incorporate into any other works or websites, or otherwise exploit any such content or functionality without prior express written consent of The Company.
We may terminate or suspend your License to use our Services without prior notice or liability for any reason whatsoever, including (but not limited to) breaching of these Terms. Nothing in these terms or in any other communication or action by The Company or our employees, agents or representatives should be taken as a waiver of any legal remedies available for any event causing termination.
All provisions of the Terms which by their nature should survive termination shall survive termination, including (but not limited to) ownership provisions, disclaimers or limitations of obligations or liability, and indemnity.
The Company reserves the right to assign this agreement or any part hereto to a third party without the written consent of the User.
Any assignment will be notified to the User by email prior to the assignment of these Terms of Service.
Links to other Web Sites
The Company or other users may provide links to third-party web sites or services that are not owned or controlled by The Company. The Company has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third party web sites or services.
You further acknowledge and agree that The Company shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or detrimental reliance on any information, content, goods or services available on or through any such web sites or services. The Company is not liable for any loss or damage incurred as a result of interacting with any third-party content on our Site.
The owners of this website and the company cannot guarantee or verify the contents of any externally linked website despite their best efforts. Users should therefore note they click on external links at their own risk and this website and its owners cannot be held liable for any damages or implications caused by visiting any external links mentioned.
This website may contain sponsored links and adverts. These will typically be served through our advertising partners, to whom may have detailed privacy policies relating directly to the adverts they serve.
The owners of this website and the company cannot guarantee or verify the contents of any externally linked website despite their best efforts. Users should therefore note they click on external links at their own risk and this website and its owners cannot be held liable for any damages or implications caused by visiting any external links mentioned.
Cookies are small files saved to the user's computer's hard drive that track, save and store information about the user's interactions and usage of the website. This allows the website, through its server to provide the users with a tailored experience within this website.
Users are advised that if they wish to deny the use and saving of cookies from this website onto their computers hard drive, they should take necessary steps within their web browsers security settings to block all cookies from this website and its external serving vendors.
Other cookies may be stored to your computer's hard drive by external vendors when this website uses referral programs, sponsored links or adverts. Such cookies are used for conversion and referral tracking and typically expire after 30 days, though some may take longer. No personal information is stored, saved or collected.
Contact and Communication
Users contacting this website and/ or The Company do so at their own discretion and provide any such personal details requested at their own risk.
Your personal information is kept private and stored securely until a time it is no longer required or has no use, as detailed in the Data Protection Act (or other applicable law to The Company). Every effort has been made to ensure a safe and secure form to email submission process but advise users using such form to email processes that they do so at their own risk.
This website and its owners use any information submitted to provide you with further information about the products / services they offer or to assist you in answering any questions or queries you may have submitted.
This includes using your details to subscribe you to any email newsletter program the website operates but only if this was made clear to you and your express permission was granted when submitting any form to email process. Or whereby you the consumer have previously purchased from or enquired about purchasing from the company a product or service that the email newsletter relates to. This is by no means an entire list of your user rights in regard to receiving email marketing material. Your details are not passed on to any third parties.
In sending the company or the website your personal information you are consenting to allow the company to contact you subject to the above conditions. Any data held by the company relating to individuals will be stored and destroyed once a period of 12 months of no communication has occurred between The User and The Company.
The company will never knowingly or willingly pass information it holds on Users (For clarity this includes: clients, prospects, or website users) onto a third party without the consent of the said user.
From time to time The Company operates an email newsletter program, used to inform subscribers about products and services supplied by this website. Users can subscribe through an online automated process should they wish to do so but do so at their own discretion. Some subscriptions may be manually processed through prior written agreement with the user.
All personal details relating to subscriptions are held securely and in accordance with data protection laws. No personal details are passed on to third parties nor shared with companies / people outside of the company that operates this website.
Under the Data Protection Laws, you may request a copy of personal information held about you by this website's email newsletter program. A small fee will be payable. If you would like a copy of the information held on you, please write to us using the contact details contained on the website.
Email marketing campaigns published by this website or its owners may contain tracking facilities within the actual email. Subscriber activity is tracked and stored in a database for future analysis and evaluation. Such tracked activity may include; the opening of emails, forwarding of emails, the clicking of links within the email content, times, dates and frequency of activity [this is by no far a comprehensive list].
This information is used to refine future email campaigns and supply the user with more relevant content based around their activity.
Copyright of Communications in Connection With Our Services
You agree that any materials, information or communications transmitted between the User and The Company in any form, or between the User and any other Token user via our Wallet, are nonconfidential and will become the sole, exclusive property of The Company.
The Company will own all intellectual property rights to such communications or materials, and can use or disseminate them in a completely unrestricted fashion for any legal purpose, commercial or otherwise, without notifying or compensating you. You hereby waive any right to litigation or recovery for perceived damages caused by the use of this information as is permissible by law.
Social Media Platforms
Communication, engagement and actions taken through external social media platforms that this website, the company, and its owners participate on are custom to the terms and conditions as well as the privacy policies held with each social media platform respectively.
Users are advised to use social media platforms wisely and communicate / engage upon them with due care and caution in regard to their own privacy and personal details. This website nor its owners will ever ask for personal or sensitive information through social media platforms and encourage users wishing to discuss sensitive details to contact them through primary communication channels such as by telephone or email.
This website may use social sharing buttons which help share web content directly from web pages to the social media platform in question. Users are advised before using such social sharing buttons that they do so at their own discretion and note that the social media platform may track and save your request to share a web page respectively through your social media platform account.
The Company holds responsibility for any and all comments, posts or any other action taken on social media belonging to the company. Social media can easily be identified as belonging to the company by the name of the account on the relevant social media platform. Any and all comments and actions made on social media are not intended to cause offense or serve as a defamatory action. Each and every posting will be checked for accuracy.
If you believe your intellectual property rights, personal rights, or any other rights have been infringed by any action on social media you are to notify the company as soon as possible so that the company has an opportunity to rectify and/or remove the post.
The User shall do nothing to bring The Company , its members, directors, shareholders, or any part belonging thereto into disrepute or dispute.
At all times the User shall be an ambassador of The Company and act within its best interests. They shall do nothing to harm the Company, its members, shareholders, or anyone associated with it.
The User shall report and notify The Company of any unwanted, unreasonable, bad, or negative outcomes as to their use of the Website or Services.
You agree to indemnify, exculpate and hold The Company , its representatives, affiliates, employees and service providers harmless from any claim or demand permissible by law arising out of or related to the use of these Services, including any breach by you of these Terms or violation of any law, rule, or rights of a third party. You agree to pay for any legal fees or other costs that incurred The Company or any other indemnified parties as a result of your actions.
Disclaimer of Warrants and Guarantees
The Company does not guarantee any level of performance or the continued, uninterrupted availability of our Services. We do not guarantee the accuracy of any information provided on the Site. We hereby disclaim all warrants and guarantees that not expressly made in these Terms.
Applicable Law and Venue
The validity, interpretation, construction and performance of these Terms, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of The ____________________, without giving effect to principles of conflicts of law.
The laws of The ____________________ shall apply to this contract and the courts of The ____________________ shall hold exclusive jurisdiction over any dispute arising from them.
As set forth elsewhere among these Terms and Conditions, the parties agree to binding arbitration. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks to bring an individual action in small claims tribunals or seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and the Company
(i) waive your and the Company’s respective rights to have any and all Disputes arising from or related to these Terms resolved in a court, and
(ii) waive your and the Company’s respective rights to a jury trial. Instead, you and the Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
No Class Arbitration, Class Action or Representative Actions
Any Dispute arising out of or related to this Agreement is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
As agreed throughout these Terms, any Dispute shall be referred to and finally resolved by arbitration administered by an Arbitration body with the ____________________ in accordance with the Arbitration Rules of The ____________________ for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be the ____________________. The Tribunal shall consist of either one (1) or three (3) arbitrator(s). The language of the arbitration shall be English applying the laws of the ____________________.
Any notices relating to these Terms of Service are to be sent to the company via email found on our website.
Survival and Severability
Any portion of these Terms that reasonably should survive the termination of your License or any other agreement is hereby agreed to do so. If any provision of these terms is deemed illegal, invalid or otherwise invalid for any reason, then that provision will be severed and the rest of these Terms will remain intact and enforceable.
Our failure to exercise or enforce any rights or provisions of these Terms does not constitute a waiver of those rights or provisions. These Terms represent the entire and complete agreement between the User and The Company, including any future modification of these Terms, superseding any prior agreements or communications between you and us. Any ambiguities in these Terms shall be construed in the light most favourable to The Company.
Act of God
The Company’s performance under these Terms shall be excused if the failure of such performance is caused by forces beyond its reasonable control. This includes (but is not limited to) acts of God, acts of any government, war or civil unrest, severe weather, fire, natural disasters, political embargoes, terrorism, power or equipment failure, industrial or labour disputes or controversies, acts of any third party, or blockchain failures. Thus, The Company is not liable for failure to perform solely caused by unavoidable force majeure casualty, acts by common carriers, emergency conditions, or any similar unforeseen event that renders performance commercially implausible. If such an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the Agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party
TERMS OF ShardStarter SALE
The company total Token supply is available on The Company Website or Whitepaper. It will be offered to the public in exchange for contributions as set forth below. Undistributed Tokens will be retained in inventory to be utilized as a Development Fund.
The price per Token is set in (ShardStarter Tokens) at the USD/ETH/BTC/BNB/SHMX (Or any other currency as selected by The Company) market price as listed on The Website or Lightpaper. The number of Tokens which may be acquired per USD/BTC/ETH/BNB/SHMX is set per respective rate of ETH/BTC/BNB/SHMX/USD at the same time and date as published on The Website. The Company will only accept contributions made in BNB, ETH, BTC, SHM, SHMX, USDT, or USDC as outlined on the Website solely at The Company's discretion., These are the assets that Company will accept as the exchangeable values for ShardStarter Tokens. The Company reserves the right to lower or increase the price per Coin, at its sole discretion, during the Sale Period.
Tokens to be Sold
The Company anticipates will be distributing the number of Tokens as shown on The Website or Whitepaper during the entire Sale Period. The Tokens to be sold to the public during the Sale Period will be from a pool of Company-owned Tokens transferred from the Company Custodial Wallet to the Smart Contract System. All ShardStarter Tokens will be of equal value and functionality.
Commencement, Duration and Completion of ShardStarter Sale
The Company will conduct a The Token sale (the “Sale Period”), which will begin as indicated on The Website (the “Launch Date” or “Tier round opens”) and end as indicated on The Website (“The End Date” or “Closes”).
Procedures for Buying and Receiving Tokens
To receive Tokens during the Sale Period, you must have certain Token wallets established and operational. Specifically, you must have: (i) either a Binance Smart Chain wallet if you wish to purchase Tokens during the Sale Period, and (ii) an Binance Smart Chain wallet that supports the Tokens in order to receive Tokens that you purchase from the Company. Company reserves the right to prescribe additional guidance regarding specific wallet requirements as published on The Website.
At the Launch Date, Company will make available a web application to facilitate your purchase and receipt of Tokens. If you wish to purchase Tokens, you must first send one of the accepted currencies by The Company to The Company blockchain address.
Second, you will need to ensure you own or have a compatible wallet address for the delivery of Tokens you purchase via the Smart Contract System in user Profile section of the wallet. Company may also request certain optional information, such as an email address, through the web interface. More information about Token Distribution will be made available on The Website. The Company reserves the right to give users access to their own Wallet via an online system, or recommend/require users to obtain their own Wallet through a third-party system in order to receive their Tokens purchased during the Token Sale Period.
If the Company permits, their web application will then provide you with a unique deposit address for the deposit of your cryptocurrency. Once the unique deposit address has received Appropriate Cryptocurrencies from you as consideration for Tokens, Company will authorize the Smart Contract System to deliver Tokens to the wallet address that you provided to Company for delivery of the Tokens after the end of the Token sale period. Or the Wallet provided to you by The Company. The Smart Contract System is deployed by Company from the ________, and is programmed so that all transactions it executes will be executed in the excluded countries. As such, title to, and risk of loss of, Tokens delivered by the Smart Contract System passes from Company to purchasers internationally. The Company may refuse to send tokens to those individuals based in The ____________________.
The Company anticipates that delivery of The Tokens from the Company to purchasers will occur within three weeks after the Sale Period concludes, but reserves the right to delay delivery up to four or five weeks after the conclusion of the Sale Period. Although the Company does not anticipate any security issues arising from the sale of Tokens, this four-week time frame is intended as a precautionary buffer period for Company to conduct audit procedures and to resolve any such security issues.
The Company anticipates the following Token allocation among the contributors.
Public Round / IDO
Shardeum Incubation Grant
Liquidity & MM
ShardStarter Tokens not sold during the Sale Period will be retained by the Company (the “Retained Tokens”) and allocated to the Shardeum Growth Program (SGP).
Tokens Sale Proceeds Retained by Founders and Existing Early Backers
Except to the extent paid as compensation for work performed for the Company, neither the founders nor the existing backers, supporters, and certain users of the Company and its network, services and products will receive Retained Token from Company or any amount of the Cryptocurrencies that are used to purchase Token from Company during the Sale Period other than the percentages listed as part of the breakdown contained in the Terms of Sale.
Pre-Sales of Tokens
The Company has committed to sell a certain portion of Token before the Launch Date (“Token PreSales”). Under such Token Sale arrangements, by agreeing to pay Company for The Company before the Launch Date, a Token Pre-Sale purchaser purchased Tokens at a discounted rate. Token Pre-Sale purchasers, and others such as contractors or other service providers, must acknowledge and agree to be bound by these Terms, and receive Tokens pursuant to the procedures for receiving Tokens set forth in this Exhibit B, but must consent to receiving Tokens in a time-locked smart contract that will not permit further disposition of the Tokens for a certain period of time thereafter (which is generally in the range of 3 to 4 months after receipt). The discounts and time-lock periods under The Token Pre-Sale arrangements generally depended on the number of Tokens that the Pre-Sale purchaser agreed to purchase or the services for which contractors have provided.
Use of Proceeds from Token Sale
The USDT, USDC & BNB proceeds from Company’s sale of Tokens will be used to compensate technical and non-technical staff, cover marketing & legal costs and operating expenses, and develop technical infrastructure, among other purposes. The envisioned expenditures and areas of development described above are provided for illustrative purposes only, and Company reserves the right to allocate its resources, including proceeds from the sale of Tokens toward such areas of development at its sole discretion.
ACKNOWLEDGMENT and ASSUMPTION of RISKS
Certain Risk Factors Relating to Purchase, Sale and Use of Tokens
Important Note: As noted elsewhere in these Terms, the Tokens are not being structured or sold as securities or any other form of investment product. Accordingly, none of the information presented in this Exhibit C is intended to form the basis for any investment decision, and no specific recommendations are intended. Company expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this Exhibit C, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.
By purchasing, holding and using Tokens, you expressly acknowledge and assume the following risks:
Risk of Losing Access to Tokens Due to Loss of Private Key(s)
A private key, or a combination of private keys, is necessary to control and dispose of Tokens stored in your digital wallet. Accordingly, loss of requisite private key(s) associated with your digital wallet storing Tokens will result in loss of such Tokens. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your Tokens.
Risks Associated with the blockchain networks (such as Shardeum)
Because ShardStarter Tokens and the Network are based on the blockchain network (Shardeum), any malfunction, breakdown or abandonment of the blockchain network may have a material adverse effect on the Network or Tokens. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Tokens and the Network by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain network.
Risk of Mining Attacks
As with other decentralized cryptographic Tokens based on the Shardeum protocol, the Tokens are susceptible to attacks by miners in the course of validating Token transactions on the Shardeum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the Network and the Tokens, including, but not limited to, accurate execution and recording of transactions involving Tokens.
Risk of Hacking and Security Weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with the Network or the Tokens in a variety of ways, including, but not limited to, treasury vulnerability, malware attacks, denial of service attacks, consensus-based attacks, man in the middle, Sybil attacks, smurfing and spoofing. Furthermore, because the Network is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the Network, which could negatively affect the Network and the Tokens.
Hackers or other groups or organizations may attempt to steal the Cryptocurrencies as collected from the Token sale, thus potentially impacting the ability of The Company to develop the Tokens and the Platform and operate the Network. To account for this risk, The Company has and will continue to implement comprehensive security precautions to safeguard the proceeds obtained from the sale of ShardStarter Tokens. As acknowledged, there is always a risk that the Company Team, or other third parties not directly affiliated with the Parties, may intentionally or unintentionally introduce weaknesses or bugs into the core infrastructural elements of the Token Platform causing the system to lose Tokens stored in one or more Purchaser accounts or other accounts or lose sums of other valued Tokens issued on the Platform. The Company has taken steps to build, maintain, and secure the infrastructure of the Platform, and will continue to do so after the initial sale. For example, The Company intends to hire external consultants to assess and audit the security of the Smart Contracts. As acknowledged by both parties, advances in code cracking, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Platform, which could result in the theft or loss of Tokens or other valuable assets. As with other cryptocurrencies, the blockchain used for the Platform is susceptible to mining attacks, among others. The purchase of Tokens carries with these significant risks. Prior to purchasing Tokens, the Purchaser should carefully consider the risks herein identified, and, to the extent necessary, consult experts of your choosing ( cryptographic and cyber security specialists, lawyers, accountants, and/or other professionals) prior to determining whether to purchase Tokens.
Risks Associated with Markets for Tokens
The Tokens are intended to be used solely within the Network, and Company will not support or otherwise facilitate any secondary trading or external valuation of Tokens. This restricts the contemplated avenues for using Tokens to the provision or receipt of Services, and could therefore create illiquidity risk with respect to the Tokens you hold. Even if secondary trading of Tokens is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation.
Furthermore, to the extent that third parties do ascribe an external exchange value to Tokens (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile and diminish to zero.
Risk of Uninsured Losses
Unlike bank accounts or accounts at some other financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by us, to offer recourse to you.
Risks Associated with Uncertain Regulations and Enforcement Actions
The regulatory status of the Tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Network and the Tokens. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the Network and the Tokens. Regulatory actions could negatively impact the Network and the Tokens in various ways, including, for purposes of illustration only, through a determination that Tokens are a regulated financial instrument that require registration or licensing. Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
Risks Arising from Taxation
The tax characterization of Tokens is uncertain. You must seek your own tax advice in connection with purchasing Tokens, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
Risk of Alternative Networks
It is possible that alternative networks could be established that utilize the same open source code and protocol underlying the Network and attempt to facilitate services that are materially similar to the Services. The Network may compete with these alternative networks, which could negatively impact the Network and Tokens.
Risk of Insufficient Interest in the Network or Distributed Applications
It is possible that the Network will not be used by a large number of individuals, companies and other entities or that there will be limited public interest in the creation and development of distributed ecosystems (such as the Network) more generally. Such a lack of use or interest could negatively impact the development of the Network and therefore the potential utility of Tokens.
Risks Associated with the Development and Maintenance of the Network
The Network is still under development and may undergo significant changes over time. Although we intend for the Tokens and Network to follow the specifications set forth in our Terms and Conditions, and throughout or site, and intend to take commercially reasonable steps toward those ends, we may have to make changes to the specifications of the ShardStarter Tokens or Network for any number of legitimate reasons.
This could create the risk that the Tokens or Network, as further developed and maintained, may not meet your expectations at the time of purchase. Furthermore, despite our good faith efforts to develop and maintain the Network, it is still possible that the Network will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Network and Tokens.
Risk of an Unfavourable Fluctuation of Shardeum, ShardStarter, Ether, BNB and Other Currency Value
The Company team intends to use the proceeds from selling Tokens to fund the maintenance and development of the Network, as described further in the Terms of Sale. The proceeds of the Tokens sale will be denominated in USDT, USDT, BNB, SHM, SHMX, Ether or Bitcoin, and converted into other cryptographic and fiat currencies. In addition, some pre-sales of the Tokens may also be denominated in fiat currencies. If the value of Ether or other currencies fluctuates unfavourably during or after the Sale Period, the Company team may not be able to fund development, or may not be able to develop or maintain the Network in the manner that it intended.
Risk of Dissolution of the Company or Network
It is possible that, due to any number of reasons, including, but not limited to, an unfavourable fluctuation in the value of Ether (or other cryptographic and fiat currencies), decrease in the Tokens’ utility, the failure of commercial relationships, or intellectual property ownership challenges, the Network may no longer be viable to operate and the Company may dissolve.
Risks Arising from Lack of Governance Rights
Because The Company confers no governance rights of any kind with respect to the Network or Company or its corporate affiliates, all decisions involving the Network or Company will be made by Company at its sole discretion, including, but not limited to, decisions to discontinue the Network, to create and sell more Tokens for use in the Network, or to sell or liquidate the Company. These decisions could adversely affect the Network and the Tokens you hold.
Risks Involving Cloud Storage
As the Company provides services to individual and institutional clients, including users and applications which involves data storage to some extent, the Services are susceptible to a number of risks related to the storage of data in the cloud. While the Company does not have access to the contents of the data stored through the Services, the Services may involve the storage of large amounts of sensitive and/or proprietary information, which may be compromised in the event of a cyber- attack or other malicious activity. Similarly, the Services may be interrupted and files may become temporarily unavailable in the event of such an attack or malicious activity. Because users can use a variety of hardware and software that may interface with the Network, there is the risk that the Services may become unavailable or interrupted based on a failure of interoperability or an inability to integrate these third-party systems and devices that the Company does not control with the Company’s Services. The risk that the Services may face increasing interruptions and the Network may face additional security vulnerabilities could adversely affect the Network and therefore the future utility of any Tokens that you hold.
Cryptographic Tokens such as Tokens are a new and untested technology. In addition to the risks included in this Exhibit C, there are other risks associated with your purchase, holding and use of Tokens, including those that the Company cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Exhibit C.
If you have any questions about these Terms or the Conditions and Disclaimers as set forth herein and in the attached Exhibits, please contact us at our website
Disclaimer: All information contained herein is accurate at the time of publishing.
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