PLEASE READ THIS AND THE WHITE PAPER CAREFULLY BEFORE TAKING ACCOUNT FOR THE PURCHASE OF CRYPTOCURRENCIES, ESPECIALLY THE FOLLOWING IMPORTANT INFORMATION, INCLUDING OTHER RISK INSTRUCTIONS. IF YOU HAVE ANY QUESTIONS CONCERNING THE COMPANY, THEIR BUSINESS, THE TOKENS OR ANY OTHER CIRCUMSTANCES IN THIS CONNECTION, PLEASE CONTACT A COMPETENT ECONOMIC, LEGAL, TAX OR OTHER ADVISER. IN CASE OF DOUBT OR CONDITIONAL CIRCUMSTANCES, WHICH YOU DO NOT UNDERSTAND, YOU SHOULD TAKE URGENT DISMANTLE OF A POSSIBLE ACQUISITION OF THE SERVICE.
No prospectus or offer to purchase a security or financial instrument
The proposed tokens are still in conception and, therefore, are not intended to be securities or financial instruments in their structure at the current time. The White Paper therefore does not constitute a prospectus or offer document for securities or financial instruments nor is it intended to constitute a prospectus or offer document for securities or financial instruments in any jurisdiction. The whitepaper is for project description only, but does not constitute an offer to purchase or solicitation of an offer to acquire the proposed crypto-token. Therefore, the white paper does not constitute an investment recommendation for the purchase of crypto-tokens or the disinvestment of other securities , financial instruments or other assets.
This white paper has not been reviewed or approved by any government agency. Nor has it been submitted to any authority for review or approval. There is no explicit legal requirement for the content of this white paper, the structure of the white paper and the information contained herein is based solely on the decisions of the founders and the project team. Reason for a legal relationship solely on the basis of separate contracts, documents or conditions
Any legal relationship between an acquirer of the crypto-tokens and a corporation will not be established by a white paper, but by separate contracts, documents or conditions governing the rights and obligations of an acquirer and the company. In that regard, in the event of any ambiguity in the presentation in this White Paper, the terms of the said contracts, documents or terms of presentation in the White Paper will be used.
The fundraising (including any kinds of pre-sales) is not directed to acquirers who are domiciled, resident or ordinarily resident in a country or who initiate the acquisition of the tokens from or through a country where the sale or the sale of the token is made Acquisition of cryptocurrencies prohibited or permitted only under certain conditions (such as regulatory approval) that have been classified by the Financial Action Task Force (FATF) as High Risk Countries or Countries under supervision for money laundering or terrorist financing, or which were specifically imposed by the United States of America or the EU embargo or sanctions (“excluded third parties”). These countries include for example in particular Bosnia and Herzegovina, the Democratic People’s Republic of Korea, Ethiopia, Iran, Iraq, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Cuba and Yemen and many more. (“Excluded countries”).
Similarly, there are restrictions for United States citizens. These may only participate in a crowd funding process if they provide evidence of being a so-called Accredited Private Investor, as defined in Rule 501 of Regulation D issued under the Securities Act of 1933. To prove this, it is sufficient to truthfully fill in the form provided in the KYC process, called ACCREDITED INVESTOR CERTIFICATION, and then have it certified by your own tax adviser.
Further information on Accredited Private Investor can be found via the following link: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-accredited-investors
If it turns out, during the KYC process, that an interested participant can not successfully complete the KYC process due to previously misrepresented information or due to his citizenship or other disagreements, he will be denied and have no access to the back office. In the case of refusal, the payment of the investment will be reversed.
This whitepaper may not be reproduced, in whole or in part, in any manner whatsoever, and will not be disclosed to third parties without the necessary notices and without the risk notices. The whitepaper may not be shared, in whole or in part, with any excluded third parties, in any way whatsoever.
The acquisition of crypto tokens is generally associated with significant risks. Therefore, an acquirer should not be able to use a significant portion of his assets to acquire crypto-tokens and be able to economically absorb a total loss of the money spent. Acquirers should also have experience in cryptocurrencies of emerging companies that understand the economic and technical implications of the corporation’s business and crypto-token traits, as well as their impact on the intrinsic value of crypto-tokens. However, if an acquirer does not have relevant experience, this does not justify an increase in the company’s duty to inform the society.
It is strongly discouraged to fund a purchase of crypto tokens through a loan. Because the obligations to pay interest and amortization remain, even if acquired crypto-tokens should be worthless. Even a private insolvency of the acquirer would not be excluded in such a case.
Buyers are cautioned that this white paper merely provides an overview of the Company’s proposed investment and operations and planned crypto-tokens. The white paper can not replace any economic, legal, tax or other advice. Each acquirer should therefore examine the associated opportunities and risks on their own responsibility and, if necessary, with the help of external consultants. In particular, it is recommended to seek advice on the legal and, in particular, tax consequences of an acquisition.
The Company assumes no liability for the personal economic goals sought by the acquirers in acquiring crypto-tokens.
All calculations and forecasts presented in this white paper are based essentially on the experience or estimates of the Company’s management. To that extent, this white paper also contains forward-looking statements – in particular subjective objectives for the future business development of the company, which, however, are associated with uncertainties and risks. These statements reflect the Company’s current beliefs and expectations about future events. These estimates and expectations may involve errors of judgment or judgment, and may therefore prove to be inaccurate. The calculations were made with care and with commercial prudence. Nevertheless, it can not be ruled out that events or developments that were not taken into account in the calculations or forecasts lead to significant deviations from the actual results of the company and thus possibly also a deterioration in the value of the planned crypto-tokens from the calculations or forecasts.
There can be no assurance that the developments and results described in this White Paper will actually be achieved. The acquirer bears the risk of deviating developments and results.
Regulatory and other risks
The Company assumes that the payment of benefits by the Company, including the planned crypto-token – in each case by non-excluded third parties – are not subject to any separate regulation. However, the regulatory and legal frameworks for cryptocurrencies, blockchain and distributed ledger technologies, smart contracts, and their applications are far from mature and secure nationally and internationally. Therefore, it can not be ruled out, in whole or in part, that issuance, acquisition, administration (including trade) or payment for cryptocurrency products or services may be prohibited in whole or in part due to national or international regulatory, legal or judicial action, or subject to restrictions will be possible. This may materially adversely affect the Company’s business model (for example in the event of regulatory or statutory reversal of issued crypto-tokens or cessation of business operations) as well as the usefulness or value of the proposed crypto-token, or even the Company’s bankruptcy or worthlessness of the planned crypto token.
Likewise, it can not be ruled out that companies which, as third parties, are prohibited from trading in cryptocurrencies such as the proposed crypto-token, may continue to operate without their permission to operate the trading venue they operate, so that they may not have trading venues through which one can exchange the planned crypto token in other crypto currencies or FIAT currencies (for example legal national currency such as the euro). This could also result in spent crypto tokens becoming worthless to their purchasers.
A repayment of the purchase price for services against the return of issued crypto-tokens is excluded. Therefore, acquirers of the proposed crypto-tokens must take into account that the money they use to acquire crypto-tokens is bound in them and, if necessary, can be changed back into FIAT currencies via third-party trading systems, if available. Unless a third party is willing to switch purchased crypto-tokens against FIAT currencies, there is a risk for an acquirer that the acquired crypto-tokens are worthless or worthless to them.
Negotiability of the planned crypto tokens can not be promised. Although the Company seeks to list the proposed crypto-tokens on one or more trading systems, it is not excluded that the Company will fail to find one or more appropriate trading systems that are willing or able to complete the planned crypto tokens for trading. Even if it is possible to list the planned crypto-token for trading at one or more trading venues, it is not excluded that trading will not take place due to a lack of buyer or seller interests.
Even if and to the extent that it is possible to list the planned crypto-tokens on one or more trading systems for trading, it must be expected that the observed price and thus the value of acquired crypto-tokens is subject to very considerable, even short-term fluctuations. It can not be ruled out that prices or values of the planned crypto-tokens will develop very differently on different trading systems. The performance of the scheduled crypto-tokens on trading systems may be affected by the performance of other cryptocurrencies, such as the Bitcoin or Ether, even if the operating business of the Company does not provide any ground or starting point for any changes in value.
The Company does not warrant that any trading system on which the proposed crypto-tokens are listed for trading will be transparent in pricing or in a position to meet any legal or regulatory requirements.
An acquirer must further consider that a trade in acquired crypto-tokens is likely to incur costs that the acquirer must pay in addition to further burden the recoverability of purchased or traded crypto-tokens.
Both the operational business model of the company and the functionality of the proposed crypto-tokens are highly dependent on the presence and permanence of a functioning computer infrastructure. This applies in particular to the company and its ecosystem partners for the operation of the infrastructure, to purchasers of the planned crypto-tokens as well as to the customers of the company. Any disruption or strain on a functioning computer infrastructure (including the Internet with appropriate capacities) would burden the development and expansion as well as the operative business, but also the possibility of using the planned crypto-tokens, down to their worthlessness or worthlessness. Inadequate functionality of the required infrastructure could also significantly slow down the processing speed of transactions with the planned crypto-token, thereby having a lasting negative impact on the usability or recoverability of the planned crypto-tokens.
Like every company, and especially every young company like the company, the company is exposed to operational risks. For example, the development of planned projects and services may be significantly delayed or may turn out to be wholly or partially impossible. It can not be ruled out that the company will not be able to assert itself on the market with the planned projects or services. Furthermore, it can not be ruled out that the company will not be able to acquire and maintain sufficient licenses that are necessary for its operating business. Third party licenses granted may likewise be called into question, which frequently leads to high costs for the defence of claims . Law enforcement may result. Likewise, there may be significant burdens on the operational business of competitors, the development of new projects and techniques or the regulation of the operational business of the company both nationally and internationally. Operating risks, in particular those mentioned above, may lead to the insolvency of the company. At the same time, operational risks can sustainably negatively impact the planned crypto-tokens, down to worthlessness or worthlessness.
As a young company, the company relies on generating sufficient financing for the development and expansion of its business operations (including the maintenance of an infrastructure). For this purpose, the revenue from the output of the planned service is initially provided. Should the Company fail to generate sufficient funding, e.g. in the case of failure of direct sales, there is a risk that the Company may not be able to set up and expand its business as planned and may need to cease all or part of its business or even file for bankruptcy. Such a development could have a lasting negative impact on the usability or value retention of the planned crypto-tokens, down to uselessness or worthlessness.
The planned crypto-tokens are naturally technology-based. Their usability and their intrinsic value, like all technology-based products or services, are therefore exposed to numerous technical risks that society can not exclude. These include, in particular, system errors, code failures, programming errors, hardware failures, data loss or data theft, hacks or hacker attacks, or even technically based loads on the processing speed. Technical risks can lead to long-term negative effects of the usability or recoverability of the crypto-tokens up to their worthlessness.
Like any cryptocurrency, the planned crypto-token risks are exposed to personal administration. Risks of personal administration include, but are not limited to, the loss or theft of crypto-tokens, hardware used, loss of access identifiers, usernames, passwords or private keys for access to infrastructure used to secure the acquired crypto-tokens (for example Wallets), so that no longer can be purchased on acquired crypto tokens and they are thus lost for the purchaser. There is also a risk that due to the way the blockchain technology works, it will no longer be possible to undo misinformed transactions and transfer crypto-tokens irretrievably lost. It should also be borne in mind that the use of inherited crypto-tokens is virtually impossible due to the technology used for the planned crypto-tokens, on the one hand, and the lack of or little developed legal framework, on the other hand.
Just as the legal framework governing cryptocurrencies is ambiguous and unclear, neither the domestic nor the international tax treatment of cryptocurrency transactions for both the company and the acquirers of cryptocurrencies has been fully clarified. Therefore, it can not be ruled out that transactions with cryptocurrencies will result in tax burdens for both the Company and the purchasers, which will burden the Company’s operating business or the usability or recoverability of acquired crypto-tokens, down to worthlessness or worthlessness.
Purchasers are required to be disbursed in accordance with anti-money laundering, terrorist financing and tax evasion (KYC) rules and to disclose personal information to the Company for their own purposes. Purchasers must reckon with the fact that the company is prompted by national or international regulatory or legal measures to disclose the personal data collected to competent authorities in the case of legitimate interest.
Please consider this section before making a decision!
Interaction of risks and cumulation of risks
Each of the risks presented may in itself have lasting adverse effects on the usability and recoverability of the proposed crypto-tokens. It can not be ruled out that several risks can be realized at the same time, trigger or intensify one another, and thereby further increase the lasting negative effects. Both the realization of individual risks and the realization of accumulated risks can lead to the complete uselessness or worthlessness of the planned crypto-tokens.
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