ICO Terms and Conditions
UQUID Coin (UQC) Token sale is executed in accordance to the Terms and Conditions as described in this section.
By participating in the initial sale of UQUID Coin, the User expressively acknowledges and represents that he/she has carefully reviewed the Terms and fully understand the risks, costs, and benefits of purchasing UQUID Coins and agrees to be bound by the Terms. As set forth below, the User further represents and warrants that, to the extent permitted by law, he/she is authorized to purchase UQUID Coin in his/her relevant jurisdiction, is of a legal age to be bound by these Terms and will not hold UQUID, its parent and affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of UQUID or our parent or affiliates, now or in the future and any other member of the UQUID Team (collectively the “UQUID”) liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the initial sale of UQUID Coins.
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Coin Offering Participation
Participation in ICO is open to anyone but US citizens, who are interested in purchasing UQUID Tokens.
UQUID Token purchases are non-refundable.
UQUID Coin ICO funds will be used to develop UQUID Eco System which will be governed as a separate entity in complete isolation from UQUID Debit Card
UQUID System is not an investment advisor or does its services involve any kind of investment advice and/or application in digital currency and the investor does so at their own risk.
UQUID tokens will not available to purchase on the territory of the United States of America, the People's Republic of China, Republic of Singapore, South Korean.
By choosing to participate, the user warrant that, to the extent permitted by law, They are authorized to purchase UQC Tokens in their relevant jurisdiction, is of legal age to be bound by these Terms, and that UQUID System will not be liable for any indirect, special, incidental, consequential, or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use of data), arising out of or in connection with any acceptance of our reliance on this whitepaper or any part thereof.
Residents of the United States of America, the People's Republic of China, Republic of Singapore, South Korean are NOT eligible to purchase UQUID Tokens
Payments will be solely accepted in cryptocurrency.
Please see Appendix 1 for the full listing of accepted cryptocurrencies.
No fiat currency will be accepted in any forms as an intermediary instrument to facilitate UQUID Token purchase.
By participating in the ICO the user understands and agrees that there are certain risks associated with the Initial coin offering.
The user agrees that UQUID System does not warrant and will not be held responsible or liable and will not provide a refund if one of the following risks occurs:
Risk of mining attacks;
Risk of double spending;
Risk of private key loss;
Risk of theft;
Risk of software weakness;
Risk of incompatible wallet service;
UQUID System reserves the right to change, extend or shorten the initial coin offering period for any reason.
By participating in the UQUID Coin Offering the User warrants:
Is not a citizen or resident of a country, whose legislation conflicts with the present allocation of UQUID Coin Tokens and / or the UQUID Project in general.
That will not be purchasing UQUID Coin Tokens for a purpose of speculative investment
Represents and warrants that the User is not a resident of the United States of America
UQUID will monitor all potential transactions for fraudulent attempts to double spend cryptocurrency.
Any detected double spent transaction attempt will result in NO UQUID tokens being delivered to the associated user.
The content of this document has not been reviewed and or approved by any government entity. There is no intention of such action to occur under the jurisdiction of any government authority.
Publishing and distributing this whitepaper does not entail that applicable laws and regulations have been complied with.
The campaign is initiated and takes place worldwide, apart from the USA, and is not tied to any specific jurisdiction.
The participant is aware that the UQUID Coin ICO was defined as a crowdfunding campaign and by participating declares that it is permitted, under the laws of its jurisdiction.
It is solely the user’s responsibility to determine if the purchase, ownership, or use of UQUID Tokens, the potential value fluctuation if any, the allocation and or any other action or transaction related to UQUID System Project has any tax implications.
Under circumstances when user is liable for taxation due to purchasing, holding or using UQUID Coin Tokens, the user agrees not to hold any third party (including but not limited to developers, auditors, contractors or founders of UQUID) liable or responsible for any tax implication born by the creation, owning or using UQUID Coin Tokens.
In case of any tax obligations incurred from purchasing, owning or using UQUID Coin Tokens, the user is solely obliged to provide the necessary tax compensations to his / her regulatory authority.
The user understands and accepts that the blockchain technology allows new forms of integration that is possible that certain jurisdictions will apply existing regulations on or introduce new regulations addressing blockchain technology based applications, which may be contrary to the current setup of the UQUID Project.
This may, inter alia, result in substantial modification of the UQUID Project, including its termination and loss of UQUID Coin Tokens for the user.
UQUID Coin Token Essence
The user understands and accepts that UQUID Coin does not represent or constitute any ownership right; stake, share, security or equivalent rights nor any right to receive future revenues, shares or any other form of participation or governance right in or relating to the UQUID Project and/or UQUID Coin.
Ownership of UQUID Coin carries no rights, expressed or implied. By receiving UQUID Coin no form of partnership, joint venture or any similar relationship between the Users and UQUID and/or other individuals or entities involved with the setting up of the UQUID Project is created.
Being defined as a Token of UQUID Coin, which has specific features and benefits, by its essence UQUID Coin Token is NOT, and in no case should be understood, considered or interpreted as:
• Titles of participation, voting or voting rights (or similar),
• Property that may be claimed against UQUID System or any other entity in any jurisdiction;
• Investment of capital or debt of any kind in any undertaking;
• Any securities with intrinsic value or market price;
• Any form of financial derivatives;
• Any commercial paper or negotiable instrument;
• Any form of investment agreement between the relevant holder and any other person;
• Any merchandise or asset that any person is required to redeem.
UQUID Coin Tokens do not represent and should not be treated as securities or any class of securities such as: debentures, stocks or shares issued by any person or entity (UQUID).
Risks related to intellectual property rights claims: Intellectual property rights claims may adversely affect the operation of the Uquid Ecosystem. Third parties may assert intellectual property claims relating to the holding and transfer of digital assets and their source code.
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Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in the Uquid project’s long-term viability or the ability of end-users to hold and transfer UQC may adversely affect the value of UQC.
Additionally, a meritorious intellectual property claim could prevent Uquid and other end-users from accessing the Uquid Platform or holding or transferring their UQC.
UQUID Coin Tokens are ERC20 Etherium based technology compatible.
1.4. Gathered Funds Future Use
UQUID COIN Tokens, gathered funds is to be used wholly and exclusively for supplementing the development of UQUID Project as addressed in this whitepaper.
Participating in this ICO means understanding and believing in the potential of this project. It is a powerful action that turns ideas into reality.
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Therefore, with the funds raised, we will foster the development of the projects proposed by UQUID System, driving the expansion of the organization.
1.5. Forward Looking Statements
This Whitepaper may include forward looking statements.
Often, but not always, forward looking statements can be identified by the use of words such as “believes,” “expects,” “does not expect,” “is expected,” “targets,” “outlook,” “plans,”, “eta”, “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate” or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of UQUID System to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements.
Although UQUID System believes it has a reasonable basis for making these forward looking statements, you must not place undue reliance on such forward looking information. By its nature, forward looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward looking statements will not occur.
Refund and cancellation policy states that UQUID System is not entitled to provide any refund for any reason and no compensation will be supplied in the form of a refund.
It is deemed participant consent no right of withdrawal from the token sale for any reason.
It is imperative to clarify that all of the above terms and conditions do not fit in an investment request.
UQUID System deems its project public, by acknowledging it as positively achievable and is dedicating all its best efforts to ensure that the entire process occurs with absolute transparency and smoothness.
Public Coin Offering
Start and end times of the ICO are set in GMT (London time):
Early Bird (First 6 days): (20% off): 208 UQC = 1ETH.
Start 10AM GMT 02/10/2017 – Finish 10 PM GMT 07/10/2017
Advance (next 6 days): (10% off): 185 UQC = 1 ETH. Start 10PM GMT 07/10/2017 – Finish 10PM GMT 13/10/2017
Standard (Last 6 days): (5% off): 175 UQC= 1 ETH Start 10PM GMT 13/10/2017 – Finish 10PM GMT 19/10/2017
22 days following: (No offer): 166 UQC = 1ETH Start 10PM GMT 19/10/2017 – Finish 10PM GMT 10/11/2017