TERMS OF THE TOKEN DISTRIBUTION EVENT (TDE)
1. GENERAL PROVISIONS
1.1. The Terms of this Token Distribution Event (TDE) is hereinafter referred to as the “Terms” has set forth general rules, structure and procedures for the exclusive and private Crypto Mint BULLIONBLOCK Token crowdfund sale and is hereinafter referred to as “CMBB” or “CMBB Tokens” by the Website Owner and Token issuer and is hereinafter referred to as “Crypto Mint BULLIONBLOCK”, “Company”, “we”, “us”; the purchaser of the CMBB Tokens from this TDE is hereinafter referred to as “Purchaser”, “Supporter”, “User”, “Community Member”, “You”. The Crypto Mint BULLIONBLOCK Token Distribution Event (TDE) is an exclusive and private placement for qualified investors.
The TDE is not an ICO. An ICO is based on an Idea. The Terms set forth to raise the target capital is for a solid incorporated company business model; BULLIONBLOCK is a true fintech blockchain solution and a compelling proposition for use by the mobile financial services and products market worldwide.
The TDE allows you to stake your CMBB Tokens on a secondary market to be created after this Token generation event as a Supporter to trade your CMBB on the Crypto Mint Decentralized Exchange that will accept BTC, ETH and all Fiat currencies. The detailed Tokenomics of the TDE are on the official Website and written into the Smart-contract.
1.2. CMBB is a cryptographic token used in the Crypto Mint BULLIONBLOCK project, a digital asset, issued and controlled by its developers, to be used and accepted by the supporting members of the Crypto Mint BULLIONBLOCK Token Event. CMBB tokens are not accepted outside the Crypto Mint BULLIONBLOCK project system and CMBB does not have a fixed exchange value equal to the amount delivered at the time of its issue.
1.4. Please read these Terms carefully. Each User must comply with these Terms.
1.5. It is understood and presumed per se that by the facts of use of the website www.bullionblock.io (hereinafter “Website”) and purchase of CMBB Tokens, the respective User has fully read, understood, and irrevocably accepted these Terms. If any User does not agree with these Terms in general or any part of it, such User should refrain from using the Website and/or purchasing CMBB Tokens.
1.6. You acknowledge that you are at least 18 years old to enter into these Terms, meet all other eligibility and residency requirements, and are fully able and legally competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties set forth herein and to abide by and comply herewith.
1.7. You shall not use the Website if you are prohibited under the applicable law from using it. Any User that is in any manner limited or prohibited from the purchase, possession, transfer, use or other transaction involving any amount of CMBB Tokens under the applicable law should not access this Website and is prohibited accessing, referencing, engaging, or otherwise using this Website.
2. PURCHASE OF CMBB TOKENS
2.1. Subject to the Terms of Service and these Terms, the Company agrees to sell to the Purchaser and Purchaser agrees to buy from the Company a specific number of CMBB Tokens at the price listed on the Website depending on the time of purchase.
2.2. CMBB Tokens are only available at the official Website www.bullionblock.io CMBB Tokens published on any other internet resources and or websites shall be considered false
2.3. Unless otherwise stated herein, these Terms govern the purchase of CMBB Tokens from the Company during the Token Distribution Event period as provided on the Website and in the Company documents (and in the Whitepaper). Any payment received by the Company after the end of the TDE Period will not be accepted. The Company may request to provide evidence of payment from the Purchaser. No further payment will be accepted when the Hard Cap is reached.
2.4. Crypto Mint BULLIONBLOCK has the right to enter into agreement with any of the Purchasers on special conditions (including commercial conditions) which may be different from those stipulated by these Terms.
3. PURCHASE PROCEDURE
3.1. CMBB Tokens are available for purchase to Users only within a limited period of time and only on the terms stipulated in the Company documents and in the Whitepaper, and also presented on the official Website: www.bullionblock.io
3.2. The Crypto Mint BULLIONBLOCK Token Distribution Event key parameters will be set as detailed on the Official Website, in the Whitepaper and in the Smart-Contract.
3.3. The Purchase of CMBB Token requires a creation of an account on the official Website. In order to register an account, you are required to provide your personal information. You are responsible for relevance and validity of information is to be provided when registering an account.
3.4. The number of CMBB Tokens available for sale by the Company is limited. Crypto Mint BULLIONBLOCK will issue CMBB tokens in accordance with the Tokenomics as outlined in the Whitepaper and on the Website. After the end date of the Token Distribution Event or once all the Tokens are sold, the Company founders will issue a transaction that finalizes the Token Distribution Event Crowdfund campaign. This triggers Crypto Mint to mint the BULLIONBLOCK Tokens and prevent future minting of CMBB Tokens on the CMBB Token Smart-Contract.
3.5. The price of CMBB Tokens is defined in USD.
3.6. Payment Methods: BTC, ETH, VISA, MASTERCARD, BANK WIRE.
3.7 We have enhanced our Whitepaper in order to harmonize the model and to ensure it is clearer and easier to understand.
3.8 The information on our Website accurately reflects the supply as per the Whitepaper to ensure it strengthens the CMBB Token proposition.
3.9 The TDE Tokenomic model supports the Business plan global strategy for the launch of business operations, licensing, accelerated acquisition of targeted assets, market place acceptance by customers and wide adoption of the fintech Bullion backed blockchain solution, BULLIONBLOCK.
4. TOKEN DISTRIBUTION
4.1. Upon fulfillment and confirmation of the payment Token Smart-Contract the CMBB Token is allocate to the Purchasers address of their External Wallet.
4.2. Failure to provide a correct address of the External Wallet will result in the loss of the purchased CMBB Tokens, which shall be the sole responsibility of the Purchaser.
4.3. If the Purchaser makes an error with their wallet address, the Company is not responsible for the loss of the CMBB Tokens.
4.4. After the end date of the Token Distribution Event or once all the CMBB Tokens are sold, the Company will issue a transaction that finalizes the Token crowdfund campaign.
5. ASSUMPTION OF RISKS
5.1. Purchaser shall be responsible for implementing measures for securing the External Wallet, vault or other storage mechanism that the Purchaser decides to use to receive and hold CMBB Tokens outside of the account, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If the Purchaser’s private key(s) or other access credentials are lost, and the Purchaser may lose access to the purchased CMBB Tokens, the Company shall not be responsible for any such losses.
5.2. By accepting these Terms and by purchasing the CMBB Tokens, the User recognizes and accepts there are certain risks involved in the purchase of CMBB Tokens, holding CMBB Tokens, and using CMBB Tokens. By conducting a purchase of CMBB Tokens, the User expressly accepts such risks, including, but not limited to: risk of losing access to the CMBB Tokens in his/her possession because of loss of private key(s) or password, as well as any other registration information, and risks that occur due to hacking and security weaknesses, risks that occur due to volatility of markets for cryptocurrencies.
With the purchase of the CMBB Tokens, you acknowledge:
6.1. You are aware of the terms and conditions of the CMBB Tokens and have acquired sufficient information about the CMBB Tokens to reach an informed and knowledgeable decision to acquire the CMBB Tokens.
6.2. You have sufficient understanding of cryptographic tokens, token storage mechanisms (such as token wallets), and blockchain technology to understand the terms of these Terms and to appreciate the risks and implications of supporting this Token Distribution Event by purchasing the CMBB Tokens.
6.3. You understand that the CMBB Tokens are not digital currency, security, commodity or any other kind of financial instrument and have not been registered under legislation of your country.
6.4. You understand that the CMBB Tokens confer only the rights described in the Whitepaper, and confer no other rights of any form with respect to Crypto Mint BULLIONBLOCK, including, but not limited to, the right to receive profits, income, or other payments or returns, any ownership, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights.
6.5. You represent and warrant that your funds in no way came from illegal or unethical sources, that you are not using any proceeds of criminal or illegal activity, and that no transaction involving CMBB Tokens are being used to facilitate any criminal or illegal activity. You confirm that you do not intend to hinder, delay or defraud Crypto Mint BULLIONBLOCK or any other Crypto Mint BULLIONBLOCK’s Users or engage in any illegal conduct and or unlawful activity in relation to money laundering, drug/human/weapon trafficking, terrorist activities or tax evasion.
6.6. You acknowledge that you will not forge, or otherwise manipulate any personal or non-personal data requested by Crypto Mint BULLIONBLOCK in the process of the User’s registration (will not use a VPN or other means of distorting the data), or after its completion, will provide all necessary personal or non-personal data in the form and format requested by Crypto Mint BULLIONBLOCK in the event when such necessity arises in connection with the requirements of anti-money laundering and “Know Your Customer” (KYC) frameworks of Crypto Mint BULLIONBLOCK or in accordance with the applicable law.
6.7. You realize that this document is being distributed only to, and is directed only at (and any investment activity to which it relates will be engaged only with):
a) qualified investors;
b) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons’’).
Any investment to which this document relates is available only to (and any investment activity to which it relates will be engaged only with) relevant persons. This document is directed only at relevant persons and persons who are not relevant persons should not take any action based upon this document and should not rely on it.
6.9. You warrant to Crypto Mint BULLIONBLOCK parties that you are a relevant person. If you fail to do so, you agree to hold harmless and indemnify the Crypto Mint BULLIONBLOCK parties from any liability, risk or penalties resulted from your negligence or willful misconduct.
6.10. You shall not purchase CMBB Tokens for any uses or purposes other than to use CMBB Tokens as provided in the Whitepaper, including, but not limited to, any investment, speculative or other financial purposes.
6.11. You have satisfied yourself as to the full observance of the laws of your jurisdiction in connection with any invitation to purchase the CMBB Tokens or any use of these Terms, including:
(a) the legal requirements within its jurisdiction for the purchase of the CMBB Tokens;
(b) any foreign exchange restrictions applicable to such purchases;
(c) any governmental or other consents that may need to be obtained.
6.12. Your purchase, payment for, and continued beneficial ownership of the CMBB Tokens will not violate any applicable laws of your jurisdiction.
6.13. The purchase price that you pay for CMBB Tokens is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of CMBB 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 CMBB Tokens.
6.14. You understand that the Website as well as Whitepaper and associated documents, can be translated into several languages, but only the information placed in English shall bound the Parties of these Terms. Versions of the Website and documents translated into others languages are for informational purposes only.
6.15. You understand that you shall be guided by that version of the Whitepaper which is put on the Website at the moment of CMBB Token purchase or later.
6.16. If you are purchasing CMBB Tokens on behalf of any entity, you are authorized to accept these Terms on such entity’s behalf and that such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity (references to “you” in these Terms refer to you and such entity, jointly).
6.17. You understand that Crypto Mint BULLIONBLOCK cannot comply with the requirements of all the jurisdictions worldwide while doing business. If any provisions of this document break or to transgress or to violate the law to which Purchaser is subjected to, then Purchaser’s jurisdiction law shall prevail. The Purchaser entering into relationship with Crypto Mint BULLIONBLOCK is solely responsible under his/her own jurisdiction law and shall oblige their jurisdiction law.
7. PURCHASE LIMITATIONS
7.1. The company shall reserve the right to refuse selling CMBB Tokens to anyone who does not meet criteria necessary for their buying, as set out hereunder and by the applicable law.
8.1. The CMBB Tokens are provided on an “as is” and “as available” basis without warranties of any kind, and we expressly disclaim:
a) all implied warranties as to the CMBB Tokens, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement;
b) The Company does not represent or warrant that the CMBB Tokens are reliable, current or error-free, meet Purchaser’s requirements.
8.2. Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this Section may not apply to you. You understand and agree that it is your obligation to ensure compliance with any legislation relevant to your country of domicile concerning use of the Website and use and buying of the CMBB Tokens, and that the Website Owner should not accept any liability for any illegal or unauthorized use of the Website and use and buying of the CMBB Tokens.
9. LIMITATION OF LIABILITY
9.1. You hereby expressly agree that to the maximum extent permitted by applicable law:
a) In no event will the Company or any of the Crypto Mint BULLIONBLOCK Parties be liable for any indirect, special, incidental, consequential, or exemplary damages of any kind (including, but not limited to, where related to loss of revenue, income or profits, loss of use or data, or damages for business interruption) arising out of or in any way related to the sale or use of the CMBB Tokens or otherwise related to these terms, regardless of the form of action, whether based in contract, tort (including, but not limited to, simple negligence, whether active, passive or imputed), or any other legal or equitable theory.
b) In no event will the aggregate liability of the Company and the Crypto Mint BULLIONBLOCK Parties (jointly), whether in contract, warranty, tort (including negligence, whether active, passive or imputed), or other theory, arising out of or relating to these Terms.
9.2. You understand that Crypto Mint BULLIONBLOCK shall not be held liable to and shall not accept any liability, obligation or responsibility whatsoever for any change of the value of CMBB Tokens. Crypto Mint BULLIONBLOCK shall not provide the user refund possibilities (payout liquidity) for purchased CMBB Tokens.
9.4. Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this section may not apply to you.
10. INDEMNIFICATION AND RELEASE FROM RESPONSIBILITY
10.1. To the fullest extent permitted by applicable law, you shall indemnify, defend and hold harmless the Company and Company’s 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 (“Company Parties”) from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to:
(a) purchase or use of CMBB Tokens, (b) Your responsibilities or obligations under these Terms, (c) your breach of these Terms, or (d) your violation of any rights of any other person or entity, and (e) your violation of any laws.
10.2. To the fullest extent permitted by applicable law, you release the Company and the Company Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between you and the acts or omissions of third parties. You expressly waive any rights you may have under statute or common law principles that would otherwise limit the coverage of this release to include only those claims, which you may know or suspect to exist in your favor at the time of agreeing to this release.
11. GOVERNING LAW
The validity, interpretation, construction and performance of these Terms, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the jurisdiction the Company has nominated, without giving effect to principles of conflicts of law.
12. DISPUTE RESOLUTION AND ARBITRATION
12.1. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Company:
a) Waive your and the Company’s respective rights to have any and all Disputes arising from or related to these Terms resolved in a court;
b) Waive your and the Company’s respective rights to a jury trial. Instead, you and Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
12.2. Any Dispute arising out of or related to these Terms is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual 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.
12.3. Each Party will notify the other Party in writing of any Arbitral Dispute within thirty (30) days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to the Company shall be sent by e-mail to the Legal department at: [email protected]
Notice to you shall be sent to the email address provided by you in your account.
Your notice must include:
a) Your name, postal address, email address and telephone number;
b) a description in reasonable detail of the nature or basis of the Dispute;
c) the specific relief that you are seeking.
If you and the Company cannot agree how to resolve the Dispute within thirty (30) days after the date notice is received by the applicable Party, then either you or the Company may, as appropriate and in accordance with this Section 12, commence an arbitration proceeding or, to the extent specifically provided for in Section 12.1, file a claim in court.
(d) Process: If allowed under the applicable law, any Dispute shall be referred to and finally resolved by arbitration administered by the BVI International Arbitration Centre (hereinafter – “BVI-IAC”) in accordance with BVI-IAC rules for the time being in force, which rules are deemed to be incorporated by reference in this clause. The seat of the arbitration shall be in the British Virgin Islands. The Tribunal shall consist of one (1) arbitrator, and the language of the arbitration shall be English as per the Token Whitepaper and Smart-Contract. The BVI-IAC offers multiple languages for arbitration.
13. TERMINATION OF TERMS
13.1. Crypto Mint BULLIONBLOCK shall have the right at its sole discretion and without any prior written notice to terminate the Terms of the Token Distribution Event if:
a) the User provided invalid data to complete the registration process;
b) the User failed to comply with the requirements of these Terms;
c) the User failed to comply with the other provisions of the Terms in the Smart Contract;
d) on other grounds of Crypto Mint BULLIONBLOCK’ sole discretion.
14.1. These Terms may be modified by the Company at any time for any reason by placing modified Terms on the Website. We will provide notice of any amendment to these Terms by posting any revised terms to the Website and updating the “Last updated” field above accordingly or by any other method, we deem appropriate. We are not obligated to provide notice in any other method beyond these. Any change to these Terms will be effective immediately upon such notice and apply to any ongoing or subsequent purchases of CMBB Tokens.
15. PURCHASER EXIT STRATEGY
We recognize that the Purchaser (Supporters) in any start-up company, no matter how good the Whitepaper is written, require, ultimately, the need for an exit vehicle. Therefore, the founders feel that the pre-IPO of the Company is the option best suited for the Purchaser to trade and turn their CMBB Token(s) into readily tradable cash.
The Smart-Contract will include the option for the company to buy back the CMBB Token(s) issued to the Supporters of this Token Distribution Event crowdfund campaign, as the pre-IPO Exit Strategy. This is built into the Smart-contract. Pre-IPO filing on the Hong Kong Stock Exchange, all CMBB Tokens will migrate into shares in the newly formed incorporated company for the IPO.
Our purpose is to provide the best alternative to protect the Purchaser’s interest while maintaining the potential growth of the Company, along with the liquidity and profitability of the Company’s future operations.
16.1. In the event any provision of these Terms is found to be invalid, illegal, or unenforceable the remaining provisions of these Terms shall nevertheless be binding upon the Company and you with the same effect as though the void and unenforceable part had been severed and deleted.
16.2. You expressly agree with and accept these Terms and all terms incorporated herein by reference by supporting the TDE and proceeding with the purchase of CMBB Tokens.
16.3. The article headings of these Terms are included for convenience only and shall not affect the construction or interpretation of these Terms.
16.4 You acknowledge, understand, and agree that the Crypto Mint BULLIONBLOCK Tokens (CMBB Tokens) are not securities and are not registered with any government entity as a security, and shall not be considered as such.
WHEREAS, the CMBB Tokens are not investment tools and therefore this is a private Token Distribution Event and its Smart-Contract 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.
The absence of guarantees of income or profit: There is no guarantee that Crypto Mint BULLIONBLOCK Tokens will grow in value. There are no guarantees that the price of CMBB Tokens will not decrease, due to unforeseen events over which the company has no control, or because of force majeure circumstances.
No information, forward looking statements, articles or estimations presented herein represent any final determination on investment or asset performance. While the information presented on in the Whitepaper, or in all our documents and/or on our Websites has been researched and is thought to be reasonable and accurate, any financial statement and assumption is speculative in nature. The Crypto Mint BULLIONBLOCK Token Distribution Event and/or its agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
The information set forth above should not be considered exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough analysis of the company, with the intent of supporting the blockchain powered fintech project.
Nothing in the Whitepaper, in any of our documents and/or on our Websites shall be deemed to constitute a prospectus of any sort of a solicitation for investment, nor does it, in any way, pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. The document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction.
Certain statements, estimates, assumptions, and financial information contained in the Whitepaper, in all our documents and/or on our Website constitute forward-looking, or pro-forma statements and information. In no event shall BULLIONBLOCK LTD, and/or its agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of the Whitepaper, other company documents, and/or our websites, or any other information contain herein.
16.5 To support the Crypto Mint BULLIONBLOCK (CMBB) Private Token Distribution Event (TDE), you’ll need to submit the information listed below to ensure you comply with the regulations in your country of residence when the CMBB TDE opens.
Identity Information; you may be requested to provide additional information in order that we fulfil our legal, regulatory, and contractual obligations which may include KYC/AML (Know Your Customer / Anti-Money Laundering), and/or AML/CFT (Anti-Money Laundering / Combating the Financing of Terrorism).
16.6 If you are in any doubt as to the legal regulations and action you should take if you choose to support this Token Distribution Event, it is best to seek advice and consult your legal and/or financial Tax advisor. Potential Token holders from the USA, China and/or any other jurisdiction should consult their own legal advisor prior to supporting the Crypto Mint BULLIONBLOCK Token Distribution Event.
16.7 Please Read These Terms of the Token Distribution Event (TDE), and or download a copy from the official website to seek advice. www.bullionblock.io
Please contact our office for any enquiries and or support via email: [email protected]nblock.io