PLEASE READ THIS DOCUMENT THOROUGHLY AND IN FULL AS IT CONTAINS CRUCIAL INFORMATION ABOUT CRYPTO TRON EXCHANGE AND SHOP PROJECT.
BY CONTRIBUTED AMOUNT INTO THE CRYPTO TRON EXCHANGE AND SHOP PROJECT YOU ACCEPT AND AGREE TO BE BOUND BY THIS AGREEMENT IN ITS ENTIRETY.
This CRYPTO TRON EXCHANGE AND SHOP PROJECT Contribution Agreement (“CryptoTron Contribute Agreement”) is opened for contributors who entity, rightfully and legally represent (“Contributor” “You”) and is opened by CT ONLINE SERVICES (THAILAND) CO.,LTD company, which is a private limited company duly registered and existing under the laws of the Kingdom of Thailand with the company number 0445562000624 and registered office at Kung, Choen Chom, Maha Sarakham, 44160 and governed by the Khingdom of Thailand law (‘’Crypto Tron’’ ‘’Company’’ or ‘’We’’) and regulates the contribution into the CRYPTO TRON EXCHANGE AND SHOP PROJECT which is described in White paper.
ALL CONTRIBUTOR’S (‘’PRIVATE CONTRIBUTOR’S’’, ‘’PRE CONTRIBUTOR’S’’, ‘’PUBLIC CONTRIBUTOR’S’’ ‘’CONTRIBUTOR’S’’ ‘’CONTRIBUTOR’’) AGTREE TO THE CONTRIBUTION AGREEMENT AND TERMS BY CHECKING THE BOX ‘I AGREE WITH CONTRIBUTION AGREEMENT’’ ON THE WEBSITE CRYPTO-TRON.COM. BY CHEKING THE BOX OF AGREEMENT – ON THAT DATE CONTRACT IS MADE/DONE WITH/BETWEEN ALL KIND CONTRIBUTOR’S AND CRYPTO TRON.
WHEREAS, CRYTO TRON – (CT ONLINE SERVICES (THAILAND) CO., LTD) is a private limited company that will offers worldwide crypto exchange and online shopping services and release the utility token CTE.
WHEREAS, CRYPTO TRON – (CTE) Tokens are not investment tools and therefore this Token Contribution Agreement shall not be regarded as or represent any kind of offer for purchase and/or sale of any financial or security tools or participation in any kind of investment option.
WHEREAS, Company may, at its own discretion, refuse to issue CRYPTO TRON – (CTE) Tokens and/or give them to the Contributor without giving any reason even in the case if all conditions for Contribute of CRYPTO TRON – (CTE) Tokens are met by such Contributor.
WHEREAS, Contributor reserves the right to arrange and perform additional CRYPTO TRON – (CTE) Tokens distributions and any related distribution events in accordance with this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement, intending to be legally bound.
Hereby and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Contributor and Company as the Parties agree as follows:
1.1.“Account” means an account created for Contributor on Website after contributors successful registration and authorization thereon, and used for Contribute into the Crypto Tron exchange and shop project.
1.2.“Action” means any claim, action, suit, audit, assessment, arbitration, or any proceeding, in each case, that is by or before any Governmental Authority.
1.3.“Damages” mean any real and potential damages, losses, liabilities, fees, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special, including any loss of business, data, use, goodwill or other intangible losses.
1.4.“Dispute” means any dispute, controversy or claim based on, arising out of, relating to or in connection with this Agreement, including with respect to the formation, applicability, breach, violation, termination, validity or enforceability hereof.
1.5.“Tron” means an open-source, public, blockchain-based distributed computing platform.
1.6.“TRX” means Tron crypto token used for the Contribute into the Crypto Tron exchange and shop project.
1.7.“Fiat Currencies” means the legal tender currency circulated in specific country or region, such as Euro, Dollar, Thai Baht which Company will accept as the Contribute into the Crypto Tron exchange and shop project.
1.8. “BTC” means Bitcoin cryptocurrency and ‘’ETH’’ Ethereum cryptocurrency used for the contribute into the Crypto Tron exchange and shop project.
1.9.“Governmental Authority” means any applicable federal, state, provincial, territorial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, ministry, agency or instrumentality, court or tribunal, in each case having jurisdiction with respect to a particular matter.
1.11.“Whitepaper” means a document describing in details Crypto Tron exchange and shop project and Crypto Tron – (CTE) Tokens and is available at White paper.
1.12.“Payment” means payment made by Contributor to Contribute into the Crypto Tron exchange and shop project.
1.15.“Crypto Tron exchange and shop project Contributions period” means the time period during which the Crypto Tron will be accepting contributions for the Crypto Tron exchange and shop project under these conditions.
1.16.“Crypto Tron – (CTE) Token Distribution Period” means the time period during which the Crypto Tron will be distributing Crypto Tron – (CTE) Tokens under these conditions.
1.18.“Private Contributor” is an entity that Contribute into the Crypto Tron exchange and shop project in the first phase, also called “private-sale” or ‘’private-contribution’’ in the minimum amount equivalent of $50,000. ‘’Private Contributor entered by Referral Link’’ is an entity that Contribute into the Crypto Tron exchange and shop project in the first phase, also called “private-sale” or ‘’private-contribution’’ in the minimum amount equivalent of $5,000.
’’Pre Contributor’’ is an entity that Contribute into the Crypto Tron exchange and shop project in the second phase, also called “pre-sale” or ‘’pre-contribution’’ in the minimum amount equivalent of $500.
’’Public Contributor’’ is an entity that contribute into the Crypto Tron exchange and shop project in the third phase, also called “public-sale” or ‘’public-contribution’’ in the minimum amount equivalent of $50
1.19.“Website” means the website of the Crypto Tron, www.crypto-tron.com., by using website the Contributor can order the Services of the Crypto Tron and are available for use by the Contributor, as well as make a contribute and so on, for purposes of the use of the Services of the Crypto Tron in accordance with this Agreement and the other legal documents of the Crypto Tron.
2.Construction and Interpretation
2.1.Unless the context of this Agreement otherwise requires, (i) words of any gender include each other gender; (ii) words using the singular or plural number also include the plural or singular number, respectively; (iii) the terms “hereof,” “herein,” “hereby,” “hereto” and derivative or similar words refer to this entire Agreement; (iv) the terms “Article” or “Section” refer to the specified Article or Section of this Agreement; (v) the word “including” shall mean “including, without limitation,” (vi) the word “or” shall be disjunctive but not exclusive, and (vii) the term “dollar” or “$” means lawful currency of the United States of America.
2.2.Unless the context of this Agreement otherwise requires, references to agreements and other documents shall be deemed to include all subsequent amendments and other modifications thereto.
2.3.The language used in this Agreement shall be deemed to be the language chosen by the parties to express their mutual intent and no rule of strict construction shall be applied against any party.
2.4.This Agreement refers to a number of days, such number shall refer to calendar days.
CONTRIBUTION INTO CRYPTO TRON EXCHANGE AND SHOP PROJECT
3.1.The Contributor agrees to contribute, and the Crypto Tron agrees to give for contribution CRYPTO TRON – (CTE) Tokens on the terms and under the conditions set forth herein. Contributor fully acknowledges, understands and agrees that it is subject to and bound by this Agreement by virtue of Contributor’s. Contribute into the Crypto Tron exchange and shop project.
3.2.This Agreement shall become effective and binding on the Parties from the moment Contributor ticks the check-box on the Website to indicate and confirm that it has read, acknowledged, understood and agrees to the terms of this Agreement.
3.3.All Contribution into Crypto Tron exchange and shop project are final. Any price and/or other amounts for contribute into the Crypto Tron exchange and shop project are non-refundable, unless a soft cap is not reached. In this case, the contributions will be refunded as provided in this agreement. Such purchases cannot be canceled or withdrawn in any other way. Contributor acknowledges understands and agrees that there is a risk of losing any and all amounts paid.
4.Legal Basis of Crypto Tron
5.1.Crypto Tron has prepared the White paper describing Crypto Tron exchange and shop project and Crypto Tron – (CTE) Tokens Private-Contribution, Pre-Contribution, Public-Contribution and Distribution process.
5.2.The White paper may be amended unilaterally from time to time at Crypto Tron sole discretion. The latest version of the White paper is hereby incorporated by reference solely for information purposes regarding the Crypto Tron (CT ONLINE SERVICES THAILAND) and Crypto Tron – (CTE) Tokens Contribution and Distribution process. Contributor confirms that it has read, acknowledged and understood the White paper in its entirety. It is Contributor’s responsibility to check the Website regularly for modifications to the White paper. In case of any conflicts between provisions of the White paper and this Agreement, the Agreement shall prevail.
6.General on Crypto Tron – (CTE) Tokens
6.1.Crypto Tron – (CTE) Tokens (Tokens) are not financial or collateral tools. Tokens are utility crypto-tokens and digital means of use of the Services of the Crypto Tron and they only provide the Contributor with certain limited rights as explicitly defined herein.
6.2.This Contribution Agreement shall not represent or be regarded as a sale of derivatives, shares, or stocks of any company. It represents a Contribution of Tokens, which are digital assets that only provide the Contributor with certain limited rights as explicitly defined herein. Contribution and their corresponding possession after their contribute by the Contributor shall not give the Contributor any ownership or any interest rights over Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD).
6.3.Tokens are not an investment, loan, currency, security, commodity, a swap on a currency, security or commodity or any other kind of financial instrument as may be defined by any national legislation or Governmental Authority. Therefore, this Contribution Agreement shall not be regarded as or represent any kind of offer for purchase and/or sale of any financial or security tools or participation in any kind of investment option. Contribution into the Crypto Tron exchange and shop project and corresponding possession CTE token after their contribute by the Contributor shall not be regarded as or represent any loan by the Contributor to Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD).
6.4.Tokens do not have any rights, uses, purposes, attributes, functionalities or features, express or implied, including without limitation any uses, purposes, attributes, functionalites or features except those that are provided by Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) and this Agreement.
6.5.Crypto Tron by means of this reserves the right to refuse or cancel any and all Contribution into the Crypto Tron exchange and shop project at any time at its sole discretion. Contributor acknowledges, understands and agrees to the reserved rights.
6.7.The Contributor confirms and agrees that he/she shall not Contribute into the Crypto Tron exchange and shop project for the purposes of investing, speculating, resale, or any other financial purposes that may or may not result in immediate profit for such Contributor as a consequence of sale or exchange of obtained Tokens as may be defined by any national legislation. Tokens are utility crypto-tokens and are not designed for investment purposes. Tokens should not be considered as a type of investment as may be defined by any national legislation.
7.Functionality of Tokens
7.1.Tokens provide contributors with the right to use Services with a discount provided by Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD).
7.2.The token owner can pay trading fees with CTE on exchange with 70% discount and will have payment of commissions at a shop with 30% discount.
7.3.The token can be exchanged on the crypto exchange according to demand and supply on market.
8.Distribution of Tokens
8.1.Crypto Tron shall distribute to Contributor the amount of Tokens specified in Contributor’s Account within reasonable period of time after completion of the private-contribution but no later than the completion of the public-contribution
8.2.Contributor must (a) possess own Tron wallet that supports the Tron token standard (TRC20) or (b) at contribution select the option to transfer tokens to the CryptoTron platform.
8.3.Tokens may not be available for exchange and/or trading on any platforms except on CryptoTron.
REPRESENTATIONS AND WARRANTIES OF CONTRIBUTOR
By means of this Contributor represents and warrants to Crypto Tron as of the date of this Agreement as follows:
9.1.Contributor has all requisite power and authority to execute, deliver, carry out and perform its obligations under this Agreement, making contribute.
9.2.If an individual, Contributor is at least 18 years old or of any other higher sufficient legal age that can be established by any legal system applicable to Contributor to have full capacity to contribute into the Crypto Tron exchange and shop project.
9.3.If a legal person, Contributor is duly organized, validly existing and in good standing under the law of its domiciliary jurisdiction and each jurisdiction where it conducts business. Contributor has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby.
10.Compliance with Law
10.1.The execution, delivery and performance of this Agreement will not result in any violation of, be in conflict with, or constitute a material default under, with or without the passage of time or the giving of notice:
10.1.1.any provision of, or result in the breach of, any applicable law, the memorandum and articles of association, articles of incorporation, bylaws or other organizational documents, if applicable;
10.1.2.any provision of any judgment, decree or order to which Contributor is a party, by which it is bound, or to which any of its material assets are subject;
10.1.3.any material agreement, obligation, duty or commitment to which Contributor is a party or by which it is bound; or
10.1.4.any laws, regulations or rules applicable to Contributor.
11.Litigation and Proceedings
11.1.There are no Actions, or, to the knowledge of Contributor, investigations, pending before or by any Governmental Authority or, to the knowledge of Contributor, threatened, against Contributor which, if determined adversely, could reasonably be expected to have a material adverse effect on the ability of Contributor to enter into and perform its obligations under this Agreement.
11.2.There is no unsatisfied judgment or any open injunction binding upon Contributor which could reasonably be expected to have a material adverse effect on the ability of Contributor to enter into and perform its obligations under this Agreement.
12.Knowledge and Understanding of Risks
12.1.Contributor has sufficient knowledge and experience in business and financial matters, blockchain or cryptographic tokens and other digital assets, smart contracts, storage mechanisms (such as digital or token wallets), blockchain based software systems and blockchain technology, to be able to evaluate the risks and merits Contribute into the Crypto Tron exchange and shop project, including sufficient knowledge to clearly understand all the matters set forth in this Agreement, and is able to bear any and all risks related therewith, including loss of all contribute amounts, loss of Tokens and other risks.
13.Funds and Contribition
13.1.Any and all funds, including fiat currency, virtual currency, cryptocurrency and all kinds of digital currency Contributor uses to contribute into the Crypto Tron exchange and shop project are not derived from or related to any unlawful activities, including without limitation money laundering or terrorist financing, and Contributor will not use Tokens to finance, engage in, or otherwise support any unlawful activities as may be defined by any Governmental Authority.
13.2.Any and all contribution funds by Contributor under this Agreement, will be made only in Contributor’s name, from a digital wallet or bank account not located in a country or territory that has been designated as a “non-cooperative country or territory” by proper international law.
14.Other Regulatory Compliance
14.1.Anti-Money Laundering; Counter-Terrorism Financing: To the extent required by any Governmental Authority or by applicable law of any related jurisdiction, Contributor represents and warrants that it complies with all anti-money laundering and counter-terrorism financing requirements. Any and all funds, including virtual currency or cryptocurrency, Contributor uses to contribute into the Crypto Tron exchange and shop project are not derived from or related to any unlawful activities, including money laundering or terrorist financing, and Contributor will not use Tokens to finance, engage in, or otherwise support any unlawful activities as may be defined by any Governmental Authority.
14.2.Sanctions Compliance: Neither Contributor, nor any person having a direct or indirect beneficial interest in Contribution, if applicable, or tokens being acquired by Contributor, or any person for whom Contributor is acting as agent or nominee in connection with Tokens, is the subject to sanctions administered or enforced by any Governmental Authority or related jurisdiction, or is organized or residing in a country or territory that is the subject of country-wide or territory-wide sanctions administered or enforced by any Governmental Authority or related jurisdiction.
CONTRIBUTION AND TOKENS DISTRIBUTION
15.Material Terms of Tokens Private Contribution and Distribution
15.1.Crypto Tron offers Tokens as a reward for Contribution and will be Distributed in accordance with the material specifications as set forth in Schedule I. hereto which includes details regarding, the number of Tokens to be distributed, the purpose of contributing and Contribution period and Distribution Period. Crypto Tron may change Contribution and Distribution Period and amend Schedule 1 in any other way as it deems necessary for any reason, including the unavailability of the Website or any other unforeseen procedural or security issues. At any time prior to the expiration of Contribution and Distribution Period, Company may either temporarily suspend or permanently abort the Contribution and Distribution for security reasons. Any suspension or abort of Token Contribution and Distribution shall be deemed to commence from the moment that Crypto Tron publishes a notice to that effect on the Website crypto-tron.com.
15.2.By sending the funds for contribution, Contributor acknowledges that he understands and has no objection to these procedures and material specifications. Failure to follow such procedures may result in Contributor not receiving any Tokens.
15.3.Crypto Tron reserves the right to refuse or reject the Contribution and Distribution of the Tokens at any time at company sole discretion, including cases when the information provided in the KYC process by Contributor upon any requests is not sufficient, inaccurate or misleading, or Contributor has not complied with any of the requirements of the Legal Basis.
16.Specific Procedures of Contribution and Distribution
16.1.During the Contribution and Distribution Period Crypto Tron will provide specific instruction and procedures on how Contributor should contribute through the Website. It is Contributor’s responsibility to follow and check the Website for receiving specific procedures for contribution. By contributing, Contributor acknowledges, understands and has no objection to such instructions, procedures and specifications.
16.2.Contributor acknowledges, understands and has no objection that failure to use the Website and follow the specific procedures may result in Contributor not receiving any Tokens and/or losing some or all.
17.1.Contribute through any other way than Website are not allowed by Crypto Tron, except by special arrangement with marketers ‘’third parties’’.
17.2.Contributor should take great care that only Website is used to contribute.
17.3.Contributor understands and consents to participation of Company’s Third Parties (“marketers”) in contributions and distribution allocation, distribution and contribution of Tokens, including people who may work on development and implementation of the Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) or who may work for Crypto Tron by special agreement..future businesses which Crypto Tron may start or enter into with a portion of the proceeds from Token distribution and Contribution.
18.Contribution and Distribution details of Tokens
18.1.Contribution and Distribution details of Tokens are explained in Schedule I.
NO OTHER RIGHTS
19.No Loan or Ownership Interest
19.1.The contribution into the Crypto Tron exchange and shop project by Contributors does not in any way constitute a loan to Crypto Tron and is not a bond as may be defined by any national legislation or Governmental Authority.
19.2.The contribution into the Crypto tron exchange and shop project by Contributor does not provide them with a stock or any other ownership or management rights or any other interest in Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD).
20.No Investment or Corporate Rights
20.1.Tokens are not an investment instrument as it may be defined by any national legislation. By contribution into the Crypto Tron exchange and shop project contributor does not acquire any rights for dividends or other income from the Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) or its business activity; as well as any rights to manage, instruct or otherwise influence Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) business and commercial activity.
20.2.Rewards for contribution into Crypto tron project that Contributor may be entitled to receive do not constitute dividends as it may be defined by any national legislation and do not provide any rights to manage, instruct or otherwise influence Crypto Tron business and commercial activity. Tokens provide Contributor’s with the only right to use services provided by Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) with discount and have no other purpose or value.
21.Intellectual Property Rights
21.1.Tokens do not provide, and company retains all rights, title and interest in all of its intellectual property in relation to Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD), including but not limited inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyright or patents based thereon. Contributor may not use any of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) intellectual property for any reason without Crypto Tron prior written consent. Intellectual property of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) may only be used, irrespective of the reason, upon receipt of prior consent of the Company in writing.
SECURITY AND DATA
22.1.Contributor will implement any and all necessary and appropriate measures designed to secure access to:
22.1.1.any device associated with Contributor and utilized in connection with Contributor’s accest to Crypto Tron site;
22.1.2.private keys to Contributor’s wallet or any other Contributor’s private account used for Token storage; and
22.1.3.any other username, passwords or other login or identifying credentials in any way connected with Crypto Tron site and CTE Tokens.
22.2.Crypto Tron is under no obligation to reimburse or in any other way compensate any Tokens to which Contributor has lost access. Contributor understands and accepts that in the event that Contributor is no longer in possession of Contributor’s device or any private keys associated with Contributor and utilized in connection with Contributor’s Tokens, Contributor may lose all of Contributor’s Tokens. Contributor also acknowledges, understands and agrees that all purchases of Tokens are non-refundable.
23.Know Your Customer, Anti-Money Laundering and Additional Information.
23.1.Crypto Tron reserves the right to conduct “Know Your Customer” and “Anti-Money Laundering” checks on Buyers before contributing.
23.2.Upon Crypto Tron first request, Contributor shall immediately provide Crypto Tron with any and all information and documents that Crypto Tron in its sole discretion deems necessary or appropriate to comply with any national laws, regulations of Governmental Authorities, rules or agreements, including those related to any judicial process. Such documents may include but are not limited to Contributor’s passport, driver’s license, utility bills, photographs of associated individuals, government identification cards, sworn statements, any corporate information as may be applicable.
23.3.Contributor consents to disclose to Crypto Tron any such information and documents in order to comply with any applicable national laws, regulations of Governmental Authorities, rules or agreements.
23.4.Contributor acknowledges and agrees that Crypto Tron may refuse to distribute Tokens to Contributor or to utilize Tokens through Crypto Tron (CT ONLINE SERVICES (THAILAND) COO., LTD) until such requested additional information is provided by Contributor.
23.5.Contributor acknowledges and agrees that Crypto Tron reserves the right to refuse to distribute Tokens to Contributor that, according to the information available to Crypto Tron, is suspected in receiving the funds used for Contribution, originating from or for money laundering, terrorism financing, or any other illegal activity, including activities used for preparation of the aforementioned laundering terrorism and other illegal behavior.
23.6.Crypto Tron has the right to use any possible efforts for preventing the money laundering and terrorism financing, including but not limited blocking of Contributor’s CryptoTron account and Wallet, disclosing any information about such Contributor to the state authorities on their request.
23.7.All contributions by Contributor under this Agreement shall be made only in Contributor’s name, from a digital wallet or bank account not located in a country or territory that has been designated as a “non-cooperative country or territory” by the international law.
24.Personal Data and Privacy
25.Contributor’s Own Knowledge and Risk
25.1.Contributor decision to contribute into the Crypto Tron exchange and shop project and enter into this Agreement shall be made based on Contributor’s own knowledge and information disclosed herein and in White paper. Additionally, Contributor has conducted to its own satisfaction an independent investigation and verification of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) Services and shall therefore rely solely on its own examination.
25.2.Contributor acknowledges, understands and agrees that Contributor is contribute at its sole risk. Without prejudice to the generality of the foregoing, Contributor accepts reward Tokens on an “AS IS” and “AS AVAILABLE” basis, irrespectively of the technical specifications, parameters, performance or function thereof, and with no representations, warranties, promises or guarantees of any kind made by Crypto Tron.
26.No Guarantee to Provide Services
26.1.Contributor acknowledges, understands and agrees that Contributor should not expect and there is no guarantee or representation or warranty by Crypto Tron that:
26.1.1.Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD ) Services will ever be provided;
26.1.2.Services, if provided, will be adopted as developed by Crypto Tron and not in a different or modified form.
27.Guarantee to Contribution Privileges
27.1.Contributor shall enable early access to various of new trading tools on crypto-exchange. Contributor acknowledges, understands and agrees that he shall test new functions of the enhanced versions of crypto-exchange in progress. Contributor also has the privilege to put suggestions and remarks on improvements to the next version of aforementioned exchange.
27.2.Crypto Tron shall enable to qualified Contributor’s option to free listing of various crypto coin/tokens on Crypto Tron Exchange. Additional to that, the Contributor shall have the option to set up the web store on Crypto Tron Shop.
27.3.Qualified Contributor’s shall be eligible to receive priority invitations when partnerships or business collaboration shall take place with the Crypto Tron.
27.4.All contributors, who contribute in private contribution can:
– trade on our platform for free till the end of 2021 as a customer
– trade on our platform for free till the end of 2021 as a retailers
– list coin/token on our exchange cheaper and they are not subject to the minimum monthly traffic volume requirement on our exchange till the end of 2021
27.5.All contributors, who contribute in pre-contribution at least for:
-100 CTE , can trade on our platform for free till the end of 2021 as a customer
-500 CTE , can trade on our platform for free till the end of 2021 as a retailers
-1000 CTE, can list coin/token on our exchange cheaper and are not subject to the minimum monthly traffic volume requirement on our exchange till the end of 2021
28.1.Contributor has carefully reviewed, acknowledges, understands and assumes the following risks, as well as all and any other risks associated with crypto tron and tokens (including those not mentioned and discussed herein), all of which could render tokens lost, worthless or of little or no value. Contributor acknowledges and accepts that contributor may lose any and all money and/or other funds, including virtual currency or crypto currency, contribute into crypto tron project.
28.2.All Contribution into the Crypto Tron exchange and shop project are final. Any price and/or other amounts contributed into the Crypto Tron exchange and shop project are non-refundable, unless a soft cap is not reached. In this case, the contributions will be refunded as provided:
– The direct contributor of ’private-contribution receives a refund of 40% of the contributed amount
– The indirect contributor of private-contribution receives a refund of 50% of the contributed amount
– The contributor of pre-contribution receives a refund of 80% of the contributed amount
– The contributor to public-contribution receives a refund of 100% of the contributed amount
28.3.All refunds will be made in the same currency (crypto or fiat) as those was contributed.
29.Insufficient Information Availability
29.1.Crypto Tron is not in a position, nor obliged, to keep Contributor’s closely posted on every detail of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) development (including its progress and expected milestones whether rescheduled or not) and therefore will not necessarily provide the Contributors with timely and full access to all the information relating to Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) that may emerge from time to time. The insufficiency of information disclosure is inevitable and reasonable.
29.2.Crypto Tron shall provide the Contributor’s with necessary information on platform building progress, on gaining the proper licenses and on building new partnerships.
29.3.Contributor acknowledges, understands and accepts that it may not have full information on the process of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) development.
30.Uncertain Regulatory and Legal Framework
30.1.Regulatory and legal status of crypto-tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether Governmental Authorities will regulate such technologies in future. It is likewise difficult to predict how or whether any Governmental Authority may make changes to existing laws, regulations and/or rules that will affect crypto-tokens, digital assets, blockchain technology and their applications. Such changes could negatively impact as crypto-tokens in various ways. As a result, CT ONLINE SERVICES (THAILAND) CO., LTD may stop development of Crypto Tron, Contribution and distribution of tokens, or its operations in a jurisdiction if there is a risk of recognition of such activity as unlawful or commercially undesirable.
30.2.Contributor acknowledges, understands and accepts the risk related to uncertain regulatory and legal framework.
31.1.Crypto-tokens are or may be overseen by Governmental Authorities. Crypto Tron may receive queries, notices, warnings, requests or rulings from Governmental Authorities from time to time or may even be ordered to suspend or discontinue any action in connection with Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) or Crypto Tron – (CTE) Tokens Contribution and Distribution. As a result, the development, marketing, promotion may be seriously affected, hindered or terminated. Tokens in turn could be defined from time to time as virtual commodity, digital asset or even securities or currency by Governmental Authorities in various jurisdictions and therefore could be prohibited from being traded or held pursuant to local regulatory requirements. As a result, Contributor may lose all Tokens obtained hereunder, as well as any and all money and/or other funds, including virtual currency or cryptocurrency, contributed into the Crypto Tron exchange and shop project.
31.2.Contributor acknowledges, understands and accepts the risk related to regulatory measures.
32.Ability to Transact or Resell
32.1.Tokens are distributed for spending them on Services. Contributor may be unable to sell or otherwise transact Tokens at any time. By making contribution into the Crypto Tron exchange and shop project, Contributor acknowledges, understands and agrees that tokens may have no value; there is no guarantee or representation of liquidity for tokens; and Company Parties are not and shall not be responsible or liable for the market value of Tokens, the transferability and/or liquidity of tokens and/or the availability of any market for Tokens through third parties or otherwise. Contributor acknowledges, understands and accepts the risk related to inability to transact or resell tokens.
32.2.Contributor acknowledges and confirms that Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) shall not be held responsible for any kind of change, depreciation, and/or fluctuations of the value and price of Tokens as well as for any actions, events, or occurrences that may influence, precede, or result from such changes, depreciations, and/or fluctuations of the value and price of the Tokens.
33.Exchange and Counterparty Risks
If Contributor makes Contributions from an exchange or an account that Contributor does not control, Tokens will be allocated to the account from which the Contribution was made; therefore, Contributor may never receive or be able to recover the purchased Tokens. If Contributor chooses to maintain or hold Tokens through a cryptocurrency exchange or other third party, Contributor’s Tokens may be not received, stolen or lost. Contributor acknowledges and agrees that if Contributor makes contribution through an account that Contributor does not control and/or holds Tokens on a cryptocurrency exchange or with another third party, Contributor does so at its own and sole risk.
34.1.Token is not a currency issued by any individual, entity, central bank or national, supra- national or quasi-national organization, nor it is backed by any hard assets or other credit. Circulation of Tokens on the market is not what Crypto Tron is responsible for or pursues. Trading of Tokens merely depends on the consensus on its value between the relevant market participants. Nobody guarantees the liquidity of Tokens to any extent at any time. Contributor acknowledges, understands and accepts the liquidity risk.
34.2.Except for the cases strictly provided by the applicable legislation or in the legally binding documentation on Tokens Contribution and Distribution, Crypto Tron is not obliged to provide the Token holders with a refund related to Tokens for any reason, and Token holders will not receive money or other compensation in value of the refund. No promises of future performance or price are or will be made in respect to Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that Tokens will hold any particular value. Therefore, the recovery of spent resources may be impossible or may be subject to foreign laws or regulations, which may not be the same as the private law of Token holder.
35.Risks Arising from Taxation
The tax characterization of tokens is uncertain. Contributor shall seek his own tax advice in connection with acquisition, storage, transfer and use of tokens, which may result in adverse tax consequences to the Contributor, including, without limitation, withholding taxes, transfer taxes, value added taxes, income taxes and similar taxes, levies, duties or other charges and tax reporting requirements.
36.1.Tokens may be subject to expropriation and/or theft. Hackers or other malicious groups or organizations may attempt to interfere with Tokens in a variety of ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. There is a risk that Smart Contract as based on Tron blockchain may contain intentional or unintentional bugs or weaknesses which may negatively affect Tokens or result in partial or complete loss of Contributor’s Tokens, loss of Contributor’s ability to access or control Contributor’s Tokens and/or loss of tokens in Contributor’s account and/or wallet. In the event of such a software bug or weakness there may be no remedy, so Tokens holders are not guaranteed any remedy, refund or compensation.
36.2.Contributor acknowledges, understands and accepts the risk related to token security.
37.1.Tokens as a reward for contribution may be held by Contributor in Contributor’s digital wallet or vault, which requires a private key, or a combination of private keys, for access. Loss of requisite private key(s) associated with Contributor’s digital wallet or vault storing Tokens will result in loss of access to Contributor’s Token balance and/or loss of such Tokens. Any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service Contributor uses, may be able to misappropriate Contributor’s Tokens.
37.2.Crypto Tron is not responsible for any such losses. Crypto Tron is not responsible for a direct or indirect loss of Tokens, in case if Contributor uses a third-party wallet without access to his/her private keys. Contributor acknowledges, understands and accepts the risk related to the loss of private keys.
38.Failure to Map a Public Key to Contributor’s Account
Failure of Contributor to map a public key to Contributor’s account or wallet may result in third parties being unable to recognize Contributor’s Token balance on Tron blockchain when and if they configure the initial balances of a new blockchain based upon Crypto Tron (CT ONLINE SERVICES (THAILAND) CO. LTD) of which Crypto Tron makes no representation or guarantee.
39.Reliance on Third-Parties
39.1.If proper, Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) will in whole or partly rely on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of might have a material adverse effect on Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD).
39.2.Contributor acknowledges, understands and accepts the risk related to reliance on third parties.
40.1.Contributor is aware of the specifics of Tron blockchain technology and acknowledges, understands and accepts all risks related thereto.
40.1.1.The Tron blockchain is prone to periodic congestion during which transactions can be delayed or lost. Timing of block production is determined by proof of stake so block production can occur at random times. Individuals may also intentionally spam Tron blockchain in an attempt to gain an advantage in purchasing cryptographic tokens. Contributor acknowledges and understands that Tron block producers may not include Contributor’s transaction when Contributor wants or Contributor’s transaction may not be included at all.
40.1.2.In case of hardfork or double spending (51% attack), majority mining power attacks, “selfish-mining” attacks, and race condition attacks in Tron blockchain, all or part of Tokens and Smart Contract may be lost or become unavailable to exploit. Crypto Tron CT ONLINE SERVICES (THAILAND) CO., LTD may not be held liable for any Damages or any other losses caused by these events and does not guarantee the safety and stability of Tokens or Smart Contract.
41.Risks of Theft of the Funds Raised in the Contribution
Crypto Tron will make every effort to ensure that the funds received from the Contribution will be securely held through the implementation of security measures. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the Website, in the smart contract(s), on the Tron or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the Contribution is completed, Crypto Tron CT ONLINE SERVICES (THAILAND) CO., LTD may not be able to receive the cryptocurrencies raised and to use such funds for the development of the Platform and/or for launching any future business line. In such case, the provision of Services might be temporarily or permanently curtailed. As such, distributed Tokens may hold little worth or value, and this would impact its trading price.
42.Changes and Completion
Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) Services is still under development and may undergo significant changes over time. Although Crypto Tron intends Crypto Tron (CT ONLINE SERVICES THAILAND) to have the features and specifications set forth in the White paper and herein, Crypto Tron may make changes to such features and specifications at its sole discretion for any number of reasons, and any party that adopts Crpto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) also may make changes, any of which may mean that Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) does not meet Contributor’s expectation. The development of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) may be abandoned at any time for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
43.1.Each Contributor shall declare, bear, and pay any and all such taxes, duties, imposts, levies, tariffs, charges and surcharges that might be imposed by applicable national laws and Governmental Authorities’ regulations of any jurisdiction as a result of or in connection with the receipt, holding, use, purchase, appreciation, trading or divestment of Tokens (whether as a reward for contribution hereunder or otherwise acquired).
43.2.Contributor shall be solely liable for all such penalties, claims, fines, punishments, liabilities or otherwise arising from Contributor’s non-payment, underpayment, undue payment or belated payment of any applicable tax, duty, impost, levy, tariff, charge or surcharge.
43.3.Crypto Tron gives no advice and makes representations as to the tax implementation of contributing to the project. Contribution does not include VAT or consumption or any other related tax. Contributor confirms and agrees that all contributions and their corresponding possession after their contribute by Contributor are subject to payment of taxes as applicable in the country of residence of Contributor.
Contributor acknowledges, understands and agrees that Contributor may be considered, recognized or defined as tax agent in accordance with the laws of Contributor’s tax residency.
NO LIABILITY AND INDEMNIFICATION
45.1.This Agreement, Smart Contract, Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) or Tokens shall not form basis for any claim against the Crypto Tron and/or company’s Parties. To the fullest extent permitted by law, Contributor disclaims and waives any right or cause of action against Crypto Tron and company’s Parties of any kind in any jurisdiction. Contributor agrees not to seek any refund, compensation or reimbursement from any company’s Party, regardless of the reason, and regardless of whether the reason is identified in this Agreement. Crypto Tron hereby expressly disclaims its liability, and shall in no case be liable to any person, for:
45.1.1.any person making contribute, using Smart Contract and/or Tokens in violation of any anti-money laundering, counter-terrorism financing or other regulatory requirements that are imposed in any jurisdiction and by any Governmental Authority;
45.1.2.any person making contribute, using Smart Contract and/or Tokens in violation of any representation, warranty, obligation, covenants or other provision hereunder, and the resulting failure or inability to retrieve his/her payment or to claim relevant Tokens;
45.1.3.early termination of Contribution and Distribution Period for any reason;
45.1.4.failure, abortion, delay or rescheduling of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) development and resulting failure to meet any anticipated milestone;
45.1.5.any malfunction, breakdown, collapse, rollback or hardforking of the Tron blockchain;
45.1.7.failure of Tokens to meet any specific purpose, or unfitness for any;
45.1.8.utilization of proceeds raised Tokens distribution;
45.1.9.failure to timely and completely disclose any information relating to the development of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD);
45.1.10.Any Contributor’s divulgence, loss or destruction of the private key associated with Contributor’s digital wallet or vault storing Tokens;
45.1.11.trading or speculation of Tokens by any person;
45.1.12.listing or delisting of Tokens on or from any crypto-currency exchange;
45.1.13.Tokens being classified or treated by Governmental Authority as a kind of currency, securities, commercial paper, negotiable instrument, investment or otherwise that may be banned, regulated or subject to certain legal restrictions;
45.1.14.any risk factors disclosed herein and any Damage that is caused by, associated with, in connection with, incidental to or consequential to that risk factor.
To the fullest extent permitted by applicable law, Contributor releases Crypto Tron and company’s Parties from any and all responsibility, liability, claims, demands, and/or Damages based on, arising out of or relating to this Agreement, any possible disputes and controversies with Contributor and the acts or omissions of any third parties.
Notwithstanding Article 44. hereof, in no circumstances the aggregate joint liability of Crypto Tron and Company Parties, whether in contract, warrant, tort or other theory, for Damages to Contributor hereunder shall exceed the amount received by Crypto Tron from Contributor. Any Dispute shall be resolved. If applicable law does not allow all or any part of the above limitation of liability to apply to Contributor, the limitations will apply to Contributor only to the extent permitted by applicable law.
To the fullest extent permitted by applicable law, Contributor indemnifies, holds harmless and reimburses Crypto Tron and company’s Parties from and against any and all expenses or amounts paid (‘’contributions’’) (including legal and arbitration fees and expenses of counsel), losses, claims, fines, liabilities, Damages, judgments based on, arising out of or relating to Payments, Contributor’s use of Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) hereunder. Crypto Tron reserves the right to exercise sole control over the defense, at Contributor’s expense, of any claim subject to indemnification hereunder.
Contributor understands and agrees that Crypto Tron shall not be liable for any violation hereof in case of any force majeure event, including but not limited to industrial disturbances, electrical, communications, hardware, software or other utility failures, software or smart contract bugs or weaknesses, Tron blockchain hardfork, double spending attack, Acts of God, Second Coming, earthquakes, storms, or other nature-related events, blockages, embargoes, riots, acts or orders of government, uprisings, revolutions, acts of terrorism or war, technological change, changes in interest rates or other monetary conditions, and, for the avoidance of doubt, changes to any blockchain-related protocol.
APPLICABLE LAW AND DISPUTES RESOLUTION
This Agreement will be governed by and construed and enforced in accordance with the laws of the Kingdom of Thailand, without regard to conflict of law rules or principles (whether of the Kingdom of Thailand or any other jurisdiction) that would cause the application of the laws of any other jurisdiction.
Parties shall cooperate in good faith to resolve any Dispute by way of negotiations. If the Parties are unable to resolve a Dispute within ninety (90) days of initial notice of such Dispute and invitation to negotiate sent by one Party and being received by another Party, such Dispute shall be finally resolved by binding arbitration as defined in Article 49. hereof.
Any Dispute not resolved within ninety (90) days as set forth in Article 50. hereof shall be referred to and finally resolved by the International Arbitration and Cryptography Centre Limited (“IACC”) in accordance with its rules in effect at the time of the arbitration, except as they may be modified herein or by mutual agreement of the Parties. The number of arbitrators shall be three. One arbitrator shall be selected by company, one arbitrator shall be selected by contributor, and the presiding arbitrator shall be nominated by arbitrators selected by the Parties. The seat of arbitration shall be London, England. Arbitration hearings if necessary shall be held online in accordance with IACC rules. The language to be used in the arbitral proceedings shall be English. The arbitration award shall be final and binding on the Parties.
53.No Class Action or Representative Actions
Any Dispute is personal to contributor and company 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 will attempt 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.
If any provision of this Agreement is determined or held illegal or invalid, inoperative or unenforceable for any reason, whether in whole or in part, under the laws of any jurisdiction, such illegality or invalidity shall not affect the legality and validity of any other provisions of the Agreement and shall be modified as to make it valid and, to the extent possible, effectuate the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.
56.Modification of Agreement
56.1.Crypto Tron may modify this Agreement at any time by posting a revised version on the Website. Crypto Tron may make modifications to this Agreement in case Crypto Tron updates the conditions of Contribution, suspend Contribution, or decide to terminate Contribution and/or Token Distribution or any other modification at Crypto Tron own discretion.
56.2.Some of these modifications, when they enter into effect, may result in a loss of Contributor’s rights to receive the Token.
56.3.The modified terms will become effective upon posting. It is Contributor’s responsibility to check the Website regularly for any modifications to this Agreement. This Agreement was last modified on the date listed at the beginning of this Agreement.
56.4.In case if there are important changes made to this document or any other documents constituting Legal Basis Crypto Tron may communicate with Contributor about changes made to this Agreement or any other issues associated with Crypto Tron (CT ONLINE SERVICES (THAILAND) CO., LTD) or the Services via displaying or sending messages to Contributor using the Website of Crypto Tron.
57.Termination of Agreement and Survival
57.1.Crypto Tron may unilaterally terminate this Agreement in its sole discretion in case of Contributor’s misrepresentations or in the event of any other Contributor’s breach of this Agreement. Upon termination of this Agreement:
57.1.1.all of Contributor’s rights under this Agreement immediately terminate;
57.1.2.Contributor is not entitled to a refund of any and all amounts contribute hereunder;
The failure by Crypto Tron to exercise or enforce any right or provision of this Agreement will neither constitute a present or future waiver of such right or provision nor limit Crypto Tron right to enforce such right or provision at a later time. All waivers by Crypto Tron must be unequivocal and in writing to be effective.
59.Partnership; Agency; No Third-Party Beneficiaries
59.1.Nothing in this Agreement and no action taken by the Parties shall constitute, or be deemed to constitute, a partnership, association, joint venture or other co-operative entity between the Parties. Nothing in this Agreement and no action taken by the Parties pursuant to this Agreement shall constitute, or be deemed to constitute, either Party the agent of the other Party for any purpose.
59.2.No Party has, pursuant to this Agreement, any authority or power to bind or to contract in the name of the other Party. This Agreement does not create any third-party beneficiary rights in any person.
60.1.Contributor agrees and acknowledges that all agreements, notices, disclosures and other communications that Crypto Tron provides to Contributor pursuant to this Agreement or in connection with or related to Contributor’s Tokens, including this Agreement, may be provided by Crypto Tron, in its sole discretion, to Contributor, in electronic form. Any and all communication sent by Contributor to Crypto Tron shall be addressed to the email address email@example.com or another e-mail address specified on the Website.
60.2. CONTRIBUTOR ACKNOWLEDGES, UNDERSTANDS, ACCEPTS AND AGREES TO ANY AND ALL PROVISIONS OF THIS AGREEMENT, AND AGREE TO BE BOUND BY THIS AGREEMENT IN ITS ENTIRETY.
CRYPTO TRON – (CTE) TOKENS CONTRIBUTION AND DISTRIBUTION DETAILS
I.Procedure for Private Contribution and Receiving award
I.1.Crypto Tron will make available at the Website a web application to facilitate the procedure of contributions (“Web Application”). Contributor must ensure that the URL of Contributor’s web browser indicates that it is using a hypertext transport protocol secure connection (“https”) and that the domain name is correct.
I.2.To contribute through the Web Application, Contributor shall:
I.2.1.undergo a registration procedure and obtain a personal user account available on the Website (“Account”). The registration procedure, as well as undergo a KYC procedure (know your customer);
I.2.2.enter the Web Application using Account;
I.2.3.follow the on-screen instructions.
II.Purpose of Funding and Distribution of Tokens
II.1.Sole purpose of Private-Contribution is payment and initial funding for obtaining necessary licenses, required by national regulator, and also for pre-contribution and public-contribution activities.
II.2.Following the results of the Contribution, company will make a register containing the information on contribution amount by all contributors during the Contribution.
II.3.Tokens will be distributed after the completion of the contribution.
III.Conditions for contribution and rewards
III.1.Upon launch of the Contribution into project CTE shall be priced at 500TRX (TRON) per one token. After the close contribution period the price of Tokens may change according to the laws of the free market.
III.2.Contribution will be possible in different currencies in fiat currencies (EUR,USD,THB) or cryptocurrencies (BTC,TRX,ETH) as per instructions presented in the member’s area on the Website of Crypto Tron.
III.3.There is a minimal amount of contribute that Contributor will be able to make. At any specific time, such minimal amount may be different for different Fiat Currencies/Cryptocurrencies, depending on the applicable exchange rate between the payment currency and Tron (TRX). The information on such minimal amount will be available in the Web Application at any specific time.
III.4.The amount of the award will be converted according to the exchange rates at the time of contributions.
III.5.Private and pre contribution is primarily aimed at Accredited contributor, who have reviewed the Crypto Tron project and understand its purpose.
III.6.Contribution will be implemented in two phases.
III.6.1.Private contribution, where minimum contribution is required, for direct contributor 50,000.00 USD and minimum contribution required for marketer is 100,000.00 USD. (marketer’s contribution + all indirect contribution). Marketer gets referral link. Minimum contribution required for indirect contributors is 5,000.00 USD
III.6.2.Pre contribution where minimum contribution is required 500.00 USD
III.7. Reward and bonus
III.7.1.The award is determined by the amount of the contribution to the project, calculated in accordance with article III.1.
III.7.2.Direct contributor in private contribution get 60% bonus
III.7.3.Indirect contributor in private contribution get 50% bonus and the marketer who brings those indirect contributors through a referral link will get 10% from raised capital.
III.7.4.All reward and bonus in private contribution is in tokens, and all tokens are locked for 24 month.
III.7.5.Contributor in pre contribution get 20% bonus
III.7.6.All reward and bonus in pre contribution is in tokens, and all tokens are locked for 12 month
III.8.CryptoTron offers CRYPTO TRON – (CTE) Tokens for allocation and distribution during the CRYPTO TRON Private Contribution and pre contribution period, which will begin on date (“Displayed on crypto-tron.com”). The duration of the contribution is not limited in time and therefore issuing of Tokens will depend on the total aggregate demand for contribution from the Contributor’s. Token Private Contribution and Distribution Period shall be considered completed once all available amount of tokens is spent for rewards.
IV.About CRYPTO TRON – (CTE) Token
Token Name: Crypto Tron
Token Symbol: CTE
Token standard: TRC20
Token supply: 7,000,000
CTE Price: 1CTE = 500TRX
Private contribution: 2,000,000 CTE
Pre contribution: 500,000 CTE+ 100,000 CTE for bonus
Public contribution: 3,000,000 CTE
Available for contribution: 5,600,000 (80%)
V.Stop of Tokens Sales and Distribution Process
V.1.Crypto Tron reserves a right to an emergency to stop the process of contribution and distribution of Tokens in limited situations, such as, but not limited to:
V.1.1.serious security issue detected;
V.1.2.serious network performance issue, depriving all users of equal treatment;
V.1.3.any type of material attack on Tokens, the Website or Tron network.
V.2.In case if contribution into the Crypto Tron exchange and shop project will not reach the Soft Cap (3,000,000 $) before the end of the token Contribution on July 25, 2020, (07.25.2020) it shall return funds that the Contributors contribute during the contribution back to the Contributor in accordance with Article 28.2.
RISKS RELATING TO COMPANY
VI.Risks relating to Ineffective Management.
The Company and Company Parties may be materially and adversely affected if they fail to effectively manage their operations as their business develops and evolves, which would have a direct impact on the Company’s ability to maintain the Platform and/or launch any future business lines.
VII.Risks Related to Highly Competitive Environment.
The financial technology and cryptocurrency industries, and the markets in which the Company competes are highly competitive and have grown rapidly over the past years and continue to evolve in response to new technological advances, changing business models and other factors. As a result of this constantly changing environment, the Company may face operational difficulties in adjusting to the changes, and the sustainability of the Company will depend on its ability to manage its operations and ensure that it hires qualified and competent employees and provides proper training for its personnel. As its business evolves, the Company must also expand and adapt its operational infrastructure. The Company cannot give any assurance that the Company will be able to compete successfully.
VIII.Risks Relating to General Global Market and Economic Conditions.
Challenging economic conditions worldwide have from time to time may continue to contribute to slowdowns in the information technology industry at large. Weakness in the economy could have a negative effect on the Company’s business, operations and financial condition, including decreases in revenue and operating cash flows, and inability to attract future equity and/or debt financing on commercially reasonable terms. Additionally, in a down-cycle economic environment, the Company may experience the negative effects of a slowdown in trading and usage of the Platform.
IX.Risks of Non-Protection of Intellectual Property Rights.
The Company relies on patents and trademarks and unpatented proprietary know-how and trade secrets and employ commercially reasonable methods, including confidentiality agreements with employees and consultants, to protect know-how and trade secrets. However, these methods may not afford complete protection and the Company cannot give any assurance that third parties will not independently develop the know-how and trade secrets or develop better production methods than the Company.
X.Risks of Infringement Claims.
The competitors of the Company, other entities and individuals, may own or claim to own intellectual property relating to products and solutions of the Company. Third parties may claim that products and solutions and underlying technology of the Company infringe or violate their intellectual property rights. The Company may be unaware of the intellectual property rights that others may claim cover some or all of products or technology of the Company.
RISKS RELATING TO PLATFORM DEVELOPMENT
XI.Risk Related to Reliance on Third Parties.
Even if completed, the Platform will rely, in whole or partly, on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of might have a material adverse effect on the Platform.
XII.Dependence of Platform on Senior Management Team.
Ability of the senior management team which is responsible for maintaining competitive position of the Platform is dependent to a large degree on the services of each member of that team. The loss or diminution in the services of members of respective senior management team or an inability to attract, retain and maintain additional senior management personnel could have a material adverse effect on the Platform. Competition for personnel with relevant expertise is intense due to the small number of qualified individuals, and this situation seriously affects the ability to retain its existing senior management and attract additional qualified senior management personnel, which could have a significant adverse impact on the Platform.
XIII.Dependence of Platform on Various Factors.
The development of the Platform may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
XIV.Lack of Interest to the Platform.
Even if the Platform is finished and adopted and launched, the ongoing success of the Platform relies on the interest and participation of third parties like developers. There can be no assurance or guarantee that there will be sufficient interest or participation in the Platform.
XV.Changes to the Platform.
The Platform is still under development and may undergo significant changes over time. Although the project management team intends for the Platform to have the features and specifications set forth in the White Paper, changes to such features and specifications can be made for any number of reasons, any of which may mean that the Platform does not meet expectations of holder of the Tokens.
XVI.Ability to Introduce New Technologies.
The blockchain technologies industry is characterised by rapid technological change and the frequent introduction of new products, product enhancements and new distribution methods, each of which can decrease demand for current solutions or render them obsolete.
XVII.Risk Associated with Other Applications.
The Platform may give rise to other, alternative projects, promoted by unaffiliated third parties, under which the Token will have no intrinsic value.
XVIII.Risk of an Unfavorable Fluctuation of Cryptocurrency Value.
The proceeds of the contribution will be denominated in cryptocurrency and may be converted into other cryptographic and fiat currencies. If the value of cryptocurrencies fluctuates unfavorably during or after the Token sale, the project management team may not be able to fund development or may not be able to develop or maintain the Platform in the manner that it intended.
XIX.Risk of Dissolution of Company or Platform.
It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of Tron, Bitcoin or other cryptographic and fiat currencies, decrease in the Tokens utility due to negative adoption of the Platform, the failure of commercial relationships, or intellectual property ownership challenges, the Platform may no longer be viable to operate, and the Company may dissolve.
RISKS ARISING IN COURSE OF COMPANY PARTIES’ BUSINESS
XX.Risk of Conflicts of Interest.
Company Parties may be engaged in transactions with related parties, including respective majority shareholder, companies controlled by him or in which he owns an interest, and other affiliates, and may continue to do so in the future. Conflicts of interest may arise between any Company Party’s affiliates and respective Company Party, potentially resulting in the conclusion of transactions on terms not determined by market forces.
XXI.Risks Related to Invalidation of Company Parties Transactions.
Company Parties have taken a variety of actions relating to their business that, if successfully challenged for not complying with applicable legal requirements, could be invalidated or could result in the imposition of liabilities on respective Company Party. Since applicable legislation may subject to many different interpretations, respective Company Party may not be able to successfully defend any challenge brought against such transactions, and the invalidation of any such transactions or imposition of any such liability may, individually or in the aggregate, have a material adverse effect on the Platform.
XXII.Risk Arising from Emerging Markets.
Company Parties or some of them may operate on emerging markets. Emerging markets are subject to greater risks than more developed markets, including significant legal, economic and political risks. Emerging economies are subject to rapid change and that the information set out in the White Paper may become outdated relatively quickly.