Token Sale Terms and Conditions
Last revised: 27.07.2021
This Grand Token Sale Terms and Conditions (the “Terms”) constitute an agreement between you or the entity you represent (the “Purchaser”, “You”) and Grand Time Group LTD, company incorporated under the laws of Seychelles (the “Company”, “we”,
“our”), about your participation in the sale of ERC-20 cryptographic tokens (the “Token Sale”), Grand Tokens (the “Tokens”, “Grand Tokens”) on https://grandtime.org (the “Website”).
Please read these Terms carefully before participating in the Token Sale.
Nothing in these Terms is financial, legal or any other advice. If necessary, please consult your financial and/or legal advisor before participating in the Token Sale.
Participation in the Token Sale should be undertaken only by individuals or entities with experience and understanding of virtual currencies, cryptographic tokens, including Ethereum-based tokens and blockchain-based software systems. Purchasers should have an expert understanding of the storage and transmission mechanisms associated with cryptographic tokens. The Company will not be responsible in any way for losses, including Tokens, resulting from actions taken by or omitted by the Purchaser. If you do not have such experience or expertise, then you should not purchase Tokens or participate in the Token Sale. Your participation in the Token Sale is deemed to be your
understanding and acknowledgment that you satisfy the requirements mentioned in these Terms.
These Terms are not an invitation to participate in the purchase of securities.
IN PARTICULAR, NOTHING IN THESE TERMS CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE USA, RESTRICTED COUNTRIES AND IN ANY OTHER JURISDICTIONS WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR OTHER JURISDICTIONS AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE U.S. SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS.
1. Token Sale Conditions
1.1. On the terms set forth in these Terms, you agree to purchase and we agree to sell Grand Tokens.
1.2. The minimal number of Grand Tokens that can be purchased shall equal to the quotient of $70.00 divided by a price per Token (please see clause 1.6).
1.3. We reserve the right to refuse or cancel any Token purchase requests at any time in our sole discretion.
1.4. The total amount of the Tokens, created through the smart contract system and offered for sale during the Token Sale shall not exceed 1,000,000,000.00 (one billion) units. All of the Tokens are of equal value and functionality. After the Token Sale, there is no maximum cap (hard cap) on the total supply of Grand Tokens. There will be no more than 10,000,000.00 (ten million) Grand Tokens mined/issued daily and all Tokens that were not mined in 1 (one) calendar day will be burned.
1.5. Grand Token is required for proper operation and comprehensive utilization of the Company’s Grand Time project (the “Project”) (as defined in the white paper (the “White Paper”) provided on the Website as of the date the Purchaser acquires the Tokens. To the extent they do not contradict these Terms, the rights connected to Grand Token are subject to the limitations set out in the White Paper, but this should in no case create obligations for the Company in addition to the ones contained in these Terms.
1.6. During the Token Sale, the Tokens will be sold for a price depending on the Token Sale round. More information about Token pricing is available at https://thegrandtime88.gitbook.io/grand-time/technical-information/launchpad-phases-detailed-table.
1.7. The Token Sale shall commence on 17 August 2021 and continue till 16 August of 2022.
2. Participating in the Token Sale
2.1. To participate in the Token Sale, you have to open an Account on the Website by undergoing a registration procedure on the Website.
2.2. In order to participate in the Token Sale, following a registration procedure, you have to undergo a verification procedure in accordance with our AML Policy. If you do not provide the Company with necessary documents and information in accordance with the AML Policy, the Company can refuse to sell Tokens to you.
2.3. You must pay the price for the number of units of Grand Tokens chosen by you (the “Purchase Price”) by sending the correct quantity of one of payment currencies (including cryptocurrencies) as displayed to you via the Website following instructions available on the Website.
Your purchase cannot be completed until the Company receives the full amount of the Purchase Price.
If a payment currency is cryptocurrency, the Purchase Price will not be considered paid in full until the Company receives necessary confirmation of the transaction on the Ethereum blockchain, as the case may be.
2.4. In the event that, due to the deduction of gas or other transfer fees, the amount of the payment currency that the Company receives from you is greater or less than the amount of the Purchase Price associated with the number of purchased Grand Tokens selected by you in the Portal, the Company will increase or decrease your number of purchased Tokens in accordance with the amount actually received by the Company and you agree to any such adjustment of the number of purchased Tokens.
Alternatively, the Company may request a transfer of the remaining Purchase Price required at its ultimate discretion to which the Customer undertakes to provide in a timely manner.
2.5. To acquire Tokens you purchase during the Token Sale, you have to provide us with an ERC-20 compatible Ethereum wallet address to receive Tokens (the “Token Receipt Address”). Failure to provide a correct Token Receipt Address may result in a total loss of your Tokens, for which the Company will not be liable.
2.6. The Company shall provide you with Tokens you purchased during the Token Sale in no later than 48 hours after the purchase date, provided that: (i) you have provided the Company with a Token Receipt Address; and (ii) the Company reserves the right to extend said Token delivery period by posting a notification on the Website and/or sending you an email, if appropriate.
3. Eligibility & Representations
3.1. You are only eligible to participate in the Token Sale if:
3.1.1. you are at least 18 (eighteen) years of age, have full legal capacity and are not prohibited from entering into a legally binding contract under your personal law (for natural persons); or
3.1.2. you are a legal entity duly organized and a person acting on its behalf is authorized to do so (for legal entities); and
3.1.3. you are:
126.96.36.199. not a U.S. citizen, resident or entity (the “U.S. Person”) as defined in the Regulation S under the Securities Act, or purchasing Tokens on behalf of the U.S. Person;
188.8.131.52. not a citizen, resident or entity of one of the Prohibited Countries, as defined in our AML Policy;
184.108.40.206. not a citizen, resident or entity of a geographic area in which access to or use of the Website and participation in the Token Sale is prohibited by applicable law, decree, regulation, treaty, or administrative act;
220.127.116.11. not a citizen or resident of, or located in, a geographic area that is subject to any sovereign country sanctions or embargoes; or
18.104.22.168. not an individual, or an individual employed by or associated with an entity, identified on any denied persons or entity lists, specially designated nationals or blocked persons lists, or the debarred parties lists.
3.2. By participating in the Token Sale, you also represent and warrant that:
3.2.1. you have fully read and understood these Terms;
3.2.2. you have all necessary knowledge and understanding of the Tokens, cryptocurrency and blockchain as a whole;
3.2.3. you understand the risks associated with the purchase of the Tokens and participation in the Token Sale (see Section 5).
3.3. Any person not eligible to participate in the Token Sale who acquires Grand Tokens or enters these Terms on an unlawful, unauthorized or fraudulent basis shall be solely liable for, and shall indemnify, defend and hold harmless the Company and their respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies,
subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns against and from any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special and including, without limitation, any loss of business, revenues or profits.
3.4. Due to the Company’s products being offered on the Internet (meaning both the World Wide Web and the Ethereum blockchain) the Company understands that there is a possibility that there might be a certain “flow back” of the Company’s products (including the Tokens and the Project) into the Restricted Countries or to the citizens or residents of the Restricted Countries or other territories where persons are not eligible to participate in the Token Sale. If you are the citizen or resident of such country, regardless of your precise location, you are restricted in buying tokens and if you buy them you do it at your own risk and under no circumstances shall the Company hold
responsibility for such purchase of tokens.
WE ALSO RESERVE THE RIGHT TO CLAIM THE TOKENS BACK IF YOUR RESIDENT STATUS OR CITIZENSHIP CHANGES AND BECOMES FROM THE RESTRICTED COUNTRIES OR OTHER TERRITORIES WHERE YOU ARE NOT ELIGIBLE TO PARTICIPATE IN THE TOKEN SALE.
3.5. All your factual and potential tax obligations are your personal concern and the Company is not in any case and under no conditions bound to compensate for your tax obligation or give you any advice related to tax issues, including, but not limited to, what kind of filing or reporting you need to do with the competent tax authority, which taxes and to which extent you are obliged to pay, which tax exemptions you are eligible to etc.
3.6. The purchase price that you pay for Tokens is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of Tokens, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your purchase of Tokens.
4. Rights Attached to Grand Tokens
4.1. Transition currency. The holders of Grand Tokens shall be given access to the Project’s ecosystem, where internal commissions shall be paid with Grand Tokens.
4.2. Referral benefits. The holders of Grand Tokens shall have the right to post referral links on social media to invite new Users. The referrers shall be given access to a certain percentage of the Grand Token units generated by the participation of the referred Users on the Website.
4.3. Marketing currency. The holders of Grand Tokens shall have the right to purchase advertisements on the Website with Grand Tokens.
4.4. Community participation. The holders of Grand Tokens shall have the right to give the Company recommendations on the Project’s development.
Notwithstanding the foregoing, the Tokens do not grant the holders of Grand Tokens with corporate governance rights.
4.5. Information on how the rights referenced above may be exercised shall be available on the Website.
4.6. The Purchasers must accept and agree that rights referenced above may be subject to change or variation by the Company if and to the extent that such changes are considered necessary or desirable by the shareholders, directors or officers of the Company acting in the best interest of the Company and to ensure compliance with any applicable laws, rules or regulations.
4.7. The Company gives no warranties that Grand Tokens will be exchangeable on specific platforms or that they shall remain exchangeable on exchange platforms or that they will be exchangeable on other exchanges.
4.8. The Company gives no warranties that the price of Grand Tokens will grow over time.
5. Risks Associated with Grand Tokens
5.1. Risk of Losing Access to Tokens Due to Loss of Private Key(s), Custodial Error or Purchaser Error. A private key, or a combination of private keys, is necessary to control and dispose of Tokens stored in your Grand Project Account. Accordingly, loss of requisite private key(s) associated with your Account 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 to the Account, may be able to misappropriate your Tokens. Any errors or malfunctions caused by or otherwise related to the Account you choose to receive and store Tokens, including your own failure to
properly maintain or use your Account, may also result in the loss of your Tokens. Additionally, your failure to follow precisely the procedures for buying and receiving Tokens, including, for instance, if you provide the wrong address for receiving Tokens,
may result in the loss of your Tokens.
5.2. Risks Associated with the Ethereum Protocol. Because Tokens and the platform housing the Project (the “Platform”) are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the Platform or Tokens. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to Tokens and the Platform, by rendering ineffective a cryptographic consensus mechanism that underpins the Ethereum protocol.
5.3. Risk of Mining Attacks. As with other decentralized cryptographic tokens based on the Ethereum protocol, Tokens are susceptible to attacks by miners in the course of validating Tokens transactions on the Ethereum 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 Platform and Tokens, including, but not limited to, accurate execution and recording of transactions involving Tokens.
5.4. Risk of Hacking and Security Weaknesses. Hackers or other malicious groups or organizations may attempt to interfere with the Platform or Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, because the Platform 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 Platform, which could negatively affect the Platform and Tokens, including Tokens’ utility for using the Platform.
5.5. Risks Associated with Markets for Tokens. 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 market-related risks. 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.
5.6. 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 or private insurance arranged by us to offer recourse to you.
5.7. Risks Associated with Uncertain Regulations and Enforcement Actions. The regulatory status of 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. 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 Platform and Tokens. Regulatory actions could negatively impact the Platform and Tokens in various ways. The 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.
5.8. 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.
5.9. Risk of Weaknesses or Exploitable Breakthroughs in the Field of Cryptography. Advances in cryptography, or technical advances, such as the development of quantum computers, could present risks to cryptocurrencies and the Ethereum protocol and Tokens, which could result in the theft or loss of tokens.
5.10. Risks Associated with the Development and Maintenance of the Project. The Project is still under development and may undergo significant changes over time. Although we intend for Tokens and the Project to follow the specifications set forth in the White Paper, and will take commercially reasonable steps toward those ends, we may have to make changes to the specifications of Tokens or the Project for any number of legitimate reasons. This could create the risk that Tokens or the Project, as further developed and maintained, may not meet your expectations at the time of purchasing Tokens. Furthermore, despite our good faith efforts to develop and maintain the Project, it is still possible that the Project will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Project and the potential utility of Tokens.
5.11. Risk of an Unfavorable Fluctuation of Cryptocurrencies and Other Currency Value. The Company intends to use the proceeds from selling Tokens to fund the maintenance and development of the Grand Project. If the value of Ether, Bitcoin or other currencies fluctuates unfavorably during or after the Token Sale period, the Company team may not be able to fund development, or may not be able to develop or maintain the Project in the manner that it intended.
5.12. Risk of Dissolution of the Company. It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of cryptocurrencies, decrease in Tokens’ utility and value, the failure of commercial relationships, or intellectual property ownership challenges, the Project may no longer be viable to operate and the Company may dissolve.
5.13. Risks Arising from Lack of Governance Rights. Because Tokens confer no governance rights of any kind with respect to the Project or Company, all decisions involving the Project or Company will be made by Company at its sole discretion, including, but not limited to, decisions to discontinue the Project, to sell more Tokens, or to sell or liquidate the Company. These decisions could adversely affect the Project and the utility of Tokens that you hold.
5.14. Unanticipated Risks. Cryptographic tokens, such as Tokens, are a new and untested technology. In addition to the risks included in this Section 5, 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 Section 5.
6. Possible Migration of Grand Tokens
6.1. The Tokens are being created as ERC-20 tokens on the Ethereum protocol. We reserve the right to migrate the ERC-20 based Tokens to another protocol and to generate replacement tokens on the new protocol in the future, should we determine, in our sole discretion, that doing so is necessary or useful to the operation of the Project and the Platform.
6.2. Should we decide to migrate the Tokens, we may no longer provide support for the Tokens on the Ethereum protocol relating to the Project and the Platform, or any other operational matters, except with respect to the migration process. Although Company does not at this time anticipate that it will require any Token holders to convert their Tokens on the Ethereum protocol to tokens on another protocol, Company anticipates there will be significant incentives for owners of Tokens on the Ethereum protocol to do so, since the practical utility of such Tokens will likely diminish rapidly once the replacement tokens are created and in use by a significant portion of the Token holders.
Accordingly, by accepting these Terms, you acknowledge and agree that in order for you to continue obtaining utility from the Tokens you may need to convert the Tokens you purchase during the Token Sale to replacement tokens in the future.
6.3. Should we decide to migrate the Tokens, we will notify you on the Website and/or send a message to the email address you provided to us at the time of the Token Sale. You are solely responsible for updating us should your contact information change.
7. Refunds & Cancellations
7.1. Due to the nature of the underlying technology of the Tokens, any purchases of the Tokens are final.
7.2. You cannot cancel the purchase of Grand Tokens and your purchase cannot be refunded, except as provided in these Terms or as may be required by the Applicable Law.
7.3. The Company has the right to reject your offer to purchase Tokens, in whole or in part, without giving a reason for that rejection and, in those circumstances, the cryptocurrencies and fiat submitted by you will be returned to you using payment or blockchain information you provided when making a purchase.
7.4. The Company also reserves the right, in its sole discretion, to terminate your access to the Website and the Token Sale webpage in particular, or any portion thereof at any time, without notice, particularly due to legal grounds originating in Anti-Money Laundering (AML) and “know your customer” (KYC) regulation and procedures.
8. Intellectual Property
8.1. We retain all rights, titles and interests in all of our intellectual property, including inventions, discoveries, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon. You may not use any of our intellectual property for any reason, except with our express
prior written consent.
8.2. You are being granted a non-exclusive, non-transferable, revocable license to access and use the Website.
8.3. You shall use the Website and the Tokens strictly in accordance with the provisions of these Terms and the respective White Paper. As a condition of your use of the Website and Tokens you warrant to the Company that you will not use the Website and Tokens for any purpose that is unlawful or prohibited by the provisions of these Terms. You may not use the Tokens in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party’s use and enjoyment of the Website. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Website and/or Tokens
and/or other services provided thereto.
8.4. All content included on the Website, including the Tokens and associated products and services, such as, but not limited to, text, graphics, logos, images, source code, as well as the compilation thereof, and any software used on the Website is the property of
the Company and protected by copyright, trademark and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
8.5. Violation of any of the intellectual property rights of the Company is strictly prohibited.
8.6. No information, texts, images, video, and audio files posted on the Website (the “Content”) constitute any form of investment advice, financial advice, trading advice, or any other sort of advice unless specifically mentioned otherwise and should not be construed as such. The Company shall not hold liability for any actions that arise from its Content.
9. Disclaimer of Warranties
9.1. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN A WRITING BY US, (A) TOKENS ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES AS TO TOKENS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT; (B) WE DO NOT REPRESENT OR WARRANT THAT TOKENS ARE RELIABLE, CURRENT OR ERROR-FREE, MEET YOUR REQUIREMENTS, OR THAT DEFECTS IN TOKENS, IF SUCH ARE FOUND, WILL BE CORRECTED; AND (C) WE CANNOT AND DO NOT REPRESENT OR WARRANT THAT TOKENS OR THE DELIVERY MECHANISM FOR TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
9.2. The Company does not warrant that the Project, the Platform, the Website, and Grand Tokens will be error-free or uninterrupted or that any defects will be corrected in reasonable time. You acknowledge that your use of the Project, the Platform, the Website, Grand Tokens, and participation in the Token Sale is at your sole risk.
9.3. The Company disclaims all warranties regarding the accuracy, adequacy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness of any information on the Website and the Platform.
9.4. THE COMPANY SHALL NOT BE LIABLE FOR ANY CIRCUMSTANCES AND EVENTS AS DISCLOSED AND EXPLAINED IN SECTION 5 SINCE THEY CONSTITUTE FORCE MAJEURE EVENTS.
10.1. For non-performance or improper performance of their obligations under these Terms, the Company and you shall be liable in accordance with these Terms and the Applicable Law, unless otherwise provided hereby.
10.2. The Project, the Platform, the Website, and Grand Tokens are provided without any guarantees, conditions or warranties as to their accuracy, quality, and fit for a particular purpose or need. The Company does not guarantee that the Project, the Platform, the Website, and Grand Tokens are error-free, reliable or will operate without interruption.
10.3. The Tokens are sold to you on an “AS-IS” basis.
10.4. The Company shall not be liable for the use or inability to use the functionality of the Project, the Platform, the Website, Grand Tokens, or participate in the Token Sale.
10.5. IN NO EVENT SHALL THE COMPANY, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, THIRD-PARTY SERVICE PROVIDERS BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER, INCLUDING ANY THAT MAY RESULT FROM (I) THE ACCURACY, COMPLETENESS, OR CONTENT OF THIS WEBSITE, (II) THE ACCURACY, COMPLETENESS, OR CONTENT OF ANY WEBSITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS WEBSITE, (III) THE FUNCTIONALITY
FOUND AT THIS WEBSITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IV) PERSONAL INJURY OR PROPERTY DAMAGE OF ANY NATURE WHATSOEVER, (V) THIRD-PARTY CONDUCT OF ANY NATURE WHATSOEVER, (VI) ANY UNAUTHORIZED ACCESS TO OR USE OF COMPANY`S SERVERS AND/OR ANY AND ALL CONTENT, PERSONAL INFORMATION, BLOCKCHAIN INFORMATION OR OTHER INFORMATION AND DATA STORED THEREIN, (VII) ANY INTERRUPTION OR CESSATION OF SERVICES TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (VIII) ANY VIRUSES, WORMS, BUGS, TROJAN HORSES, OR THE LIKE,
WHICH MAY BE TRANSMITTED TO OR FROM THIS SITE OR ANY SITES LINKED (THROUGH HYPERLINKS, BANNER ADVERTISING OR OTHERWISE) TO THIS SITE, (IX) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF YOUR USE OF THIS SITE OR THE SERVICES FOUND AT THIS SITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, (X) LOSING ACCESS AND/OR UNAUTHORIZED ACCESS TO YOUR ACCOUNT, (XI) ANY ERRORS OR MALFUNCTIONS CAUSED BY OR OTHERWISE RELATED TO ANY CRYPTOCURRENCY WALLETS, (XII) MALFUNCTIONS, BREAKDOWNS AND ABANDONMENT OF BLOCKCHAIN PROTOCOLS, (XIII) CHANGES IN REGULATORY APPROACHES OR LEGAL ACTIONS TAKEN REGARDING THE BLOCKCHAIN TECHNOLOGY AND CRYPTOCURRENCY, (XIV) TAXATION AND/OR CHANGES IN TAX SYSTEM REGARDING BLOCKCHAIN-BASED ASSETS, (XV) ADVANCEMENTS IN CRYPTOGRAPHY, ANY TECHNICAL ADVANCEMENTS THAT MAY PRESENT RISKS TO BLOCKCHAIN PROTOCOLS, (XVI) UNFAVOURABLE FLUCTUATIONS OF CRYPTOCURRENCIES AND FIAT MONEY, (XVII) OTHER RISKS ASSOCIATED WITH PURCHASING, HOLDING, AND USING CRYPTOCURRENCY UNITS, GRAND TOKENS, ACCESSING AND USING THE WEBSITE AND THE PLATFORM.
10.6. The Company shall not be liable for any events that may include, but are not limited to, civil, criminal and administrative actions that may arise from you using blockchain and cryptocurrency if such use is forbidden or otherwise limited in your country.
10.7. The Company does not recommend that any specific cryptocurrency or Grand Tokens should be bought, earned or otherwise acquired, held, or sold by you. You should conduct your own research and consult your legal, tax, and financial professional before making any decision to participate in the Token Sale, use the Platform or the Website. The Company will not in any event be liable for your decisions to buy, earn or otherwise acquire, hold or sell any specific cryptocurrency or Grand Tokens or participate in the Token Sale, use the Platform or the Website.
11. Links to Third-Party Websites
11.1. The Website may contain links to third-party websites or services that are not owned or controlled by the Company.
11.2. The Company has no control over and assumes no responsibility for the content, privacy policies, or practices of any third-party websites or services. 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 the use of or reliance on any such content, goods or services available on or through any such websites or services.
12.1. It is your responsibility to implement reasonable and appropriate measures designed to secure access to (i) any device associated with the email address associated with your Account; (ii) private keys required to access any relevant cryptocurrency wallet address; and (iii) your username, password and any other login or identifying credentials.
12.2. In case you suspect a security breach in any of the above mentioned, you shall inform us immediately so we can take all required and possible measures to secure your Account, Tokens and systems as a whole.
12.3. In the event that you are no longer in possession of any device associated with your Account or are not able to provide your login or identifying credentials, we may, in our sole discretion, and only if we are able, grant access to your account to any party providing additional credentials to us. We explicitly reserve the right to determine the additional credentials required, which may include, without limitation, a sworn, notarized statement of identity.
13. Confidentiality & Privacy Notice
13.1. The Company reserves its right to request documentation (including your ID and your proof or residence), prior to activating your Account, to participate in the Token Sale in order to comply with applicable law or regulation in connection with selling Tokens to you. The Company may refuse you access to the Token Sale, the Platform and the Website should it have doubts as to the validity, authenticity and genuineness of the documents provided by you.
13.2. You agree to provide us with such information promptly upon request, and you acknowledge that we may refuse to sell Tokens to you until you provide such requested information and we have determined that it is permissible to sell Tokens to you under Applicable Law or regulation.
13.3. As a principle, we collect only what we need and will not share your personal information with any third parties other than our identity verification partner, should the latter be involved. Even within the Company, access to your personal information is limited to a subset of employees who work on compliance and identity verification matters.
13.4. Personal information that you provide to the Company, including information provided in accordance with our AML Policy and any information about your use of the Website that the Company obtains, will be subject to our Privacy Notice.
14. Know Your Customer
14.1. The Company and its affiliates strictly follow AML, KYC and other banking or government regulations in their respective jurisdictions. Each and any User fully agrees to assist the Company in fulfillment of the mentioned regulations and provide any necessary information if such is required from the User by the authorized authority. For more detail on AML and AML Policy, please read our AML Policy.
14.2. As part of our commitment to the prevention of money laundering, the Company will not tolerate any User abusing their services for any financial crime-related matters. If the Company suspects any User is abusing the Platform, the Website or participating in the Token Sale for the purposes of money laundering, it reserves the right to freeze any funds used by said User to purchase Grand Tokens. The Company reserves the right to report any suspicious activities to the police or relevant authorities without the User’s knowledge.
15. Applicable Law & Dispute Resolution
15.1. These Terms are governed by the laws of Seychelles.
15.2. You and the Company shall endeavor to resolve through negotiations all disagreements that may arise between you and the Company during the validity term hereof.
15.3. If the parties fail to reach an agreement on the dispute within 30 (thirty) calendar days, the dispute shall be submitted to the competent court under the Applicable Law.
15.4. The User is solely responsible for abiding by any local laws and regulation that may apply to the User arising from the participation in the Token Sale, use of the Platform, the Website, Grand Tokens and cryptocurrency. The User shall take into consideration his obligation to local tax authorities. Users must also factor, to the extent of their local law, in all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities. All Users acknowledge and declare that the sources of their funds come from a legitimate manner and are not derived from illegal activities. The Company maintains a stance of cooperation with law enforcement authorities globally and will not hesitate to seize, freeze, terminate the Account and funds of Users which are flagged or investigated by legal mandate.
16. Final Provisions
16.1. These Terms shall remain in force until terminated by the Company. The Company may terminate these Terms at any time at its own discretion without explaining the reasons for this decision.
16.2. If any questions have not been regulated by these Terms, they shall be regulated under the Applicable Law.
16.3. These Terms are a legally binding agreement which together with its other integral parts (Privacy Notice, Cookie Notice, AML Policy, White Paper Legal Disclaimer, any other notices and disclaimers on the Website) constitutes an entire agreement between you and the Company.
16.4. In an event the Website and the Platform shall be available in multiple languages, English version of the Terms shall prevail.
16.5. Should Terms contradict the White Paper, the terms of the Terms shall prevail.
16.6. Should you have any comments, questions, or complaints, please contact us at [email protected].