Terms and Conditions
The following Terms and Conditions (“Terms”) govern the sale of the cryptographic token TradeBit Token (“TBT”) — that is used as a payment method inside TradeBit platform.
For “TradeBit platform” will be considered all apps (Android, IOS and other), websites which are developed by TradeBit Token.
TBT is a token used for Subscription and paid services inside “TradeBit platform”
ICO campaign – is a TBT sale campaign, designed to introduce TBT publicly and provide the possibility to purchase tokens first with attractive discounts and earn other benefits during limited time.
2. What is TradeBit Platform?
TradeBit Platform is the world’s first unified cryptocurrency management platform based on Blockchain technologies with the highest level of encryption, designed for securely storing, exchanging and trading other cryptocurrencies. It will change the way people interact with cryptocurrency world. It will provide trading signals and portfolio insights.
3. Overview of ICO campaign
TradeBit Platform requires, for proper operation and comprehensive utilization, an authentication token called (“TBT”). The company will produce and market a quantity of TBT in a pre-sale event called the “ICO Campaign”, to be hosted on the website at www.tradebit.me (“ICO Website”). Purchasers in the ICO Campaign will acquire TBT in exchange for ETH at predefined sale prices over a period of 60 (sixty) days. Purchasers of ICO in the ICO campaign will be awarded cryptographic tokens, that will enable them to use their purchase once the product has been developed and is ready for delivery. All TBT pre-sold in this manner will be delivered to Purchasers in their corresponding Ethereum Wallets (ERC20 compatible) immediately after they send the Ethereum.
4. Creation and issuing of TBT (“TradeBit Token”)
TBT tokens will be created immediately and send back to the investors Ethereum wallet. TradeBit Token is based on Ethereum Blockchain in size of 500 000 000 TBT. During the ICO 375 000 000 (three hundred and seventy-five million) tokens will be offered for the investors which correspond to 75% of maximum token supply. Tokens left unsold may be issued in the future or second campaign or give away as “AirDrop” to participants in the first sale.
NO ADDITIONAL TOKEN WILL BE ISSUED AFTER COMPLETION OF ICO CAMPAIGN
5. Timing of Sale
The ICO Campaign will begin at 18:00:00 GMT+2 on 18/01/2018
The ICO Campaign will run for 60 (sixty) days and will end at 17:59:59 GMT+2 on 19 March 2018
The Company reserves the right to change the date when the ICO Campaign will begin and further reserves the right to extend the sale duration for any reason, including the unavailability of the website www.tradebit.me due to technical issues or other unforeseen security or procedural issues. Though it does not currently anticipate doing so. The Company also reserves the right to shorten the sale duration for any reason.
6. Pricing and Initial Discount on Price of TBT
The baseline retail price of TradeBit Token will be set at 1 TBT for 0.0002 ETH or 0.2 USD (at time of writing). A discount will be offered during the ICO campaign. In the first 20 days period of the sale, TBT will be offered at 50% bonus from the base price. From day 20 to 40, the TBT will be offered at 25% bonus from the base price. From day 40 to 60, there will be no bonus for TBT accordingly.
The Company reserves the right to change the duration of any affected discounting period for any reason, including the unavailability of the website www.tradebit.me or other unforeseen procedural or security issues.
Starting from the next day upon completion of the ICO campaign, the remaining unsold amount of TBT will be held and may be considered for future giveaways, airdrops or/and other campaigns.
THE COMPANY GUARANTEES, THAT AFTER COMPLETION OF ICO CAMPAIGN, THE BASE SELLING RATE THROUGH
COMPANY’S TECHNICAL RESOURCES, INCLUDING WEBSITES, WILL BE NOT LESS THAN 0.0002 ETH OR EQUIVALENT IN ANOTHER CURRENCY, AT LEAST UNTIL 01st OF JANUARY 2020
7. Growth Rate of TBT
Since the TBT is a product – related token, the value and rate of it strongly depend on demand and capacity of services, where it should be used. Rapidly growing TradeBit Platform and related services for which TBT is designed means growing of the value and rate of TradeBit Token itself. Once the TBT issued with the increase of the demand, it will become available on the all major public exchange and stocks of cryptographic tokens.
Cryptographic tokens that possess value in public markets, such as BTC, have demonstrated fluctuations in price over short periods of time on a regular basis. A Purchaser of TBT should be prepared to expect similar fluctuations, both down and up, in the price of TBT denominated in BTC, ETH and other cryptocurrencies or USD, EURO or other fiat money of other jurisdictions. Such fluctuations are due to market forces and represent changes in the balance of supply and demand. The Company cannot and does not guarantee market liquidity for ETH and therefore there may be periods of time in which TBT is difficult to buy. Additionally, due to different regulatory dictates in different jurisdictions and the inability of citizens of certain countries to open accounts at exchanges located anywhere in the world, the liquidity of TBT may be markedly different in different countries and this would likely be reflected in significant price discrepancies.
By purchasing TBT, you expressly acknowledge and represent that you fully understand that TBT may experience volatility in pricing and will not seek to hold any of the Company Parties liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to the sale of TBT.
THE COMPANY GUARANTEES NOT TO ISSUE ADDITIONAL TBT TOKENS EXCEPT THE SITUATIONS, WHEN THE TOTAL NUMBER OF USERS BECOME MUCH LARGER THAN THE AVAILABLE TBT FOR SALE AND/ OR THE TBT PRICE ON THE PUBLIC MARKETS GREATLY EXCEED THE BASE RATE DUE EXTREME DEFICIT.
IN THIS CASE COMPANY RESERVE THE RIGHT TO INTERFERE, IN ORDER TO ENSURE SUFFICIENT LIQUIDITY OF TBT AND STABILIZE THE PUBLIC MARKET PRICES
8. Disclosure of Purchases
In the spirit of openness, and to enable TBT Purchasers to have as much information as possible to guide their decision-making process, the Company will make all purchases publicly visible on the ICO campaign website at www.tradebit.me
9. Purchase of TradeBit Token on the ICO Web Account
The Company will maintain a store interface, which can be used to purchase TBT. The store interface will be available through the ICO web page at www.tradebit.me/token-sale/, instructions for purchasing TBT with ETH.
Failure to follow these instructions may limit, delay, or prevent a Purchaser from obtaining TBT. Any questions about these instructions should be directed to email@example.com
10. Obligation to determine If purchaser can purchase TBT in his/her Jurisdiction
The ICO campaign constitutes the sale of a legal software product under Bulgarian law. This product sale is conducted by a Bulgarian company, operating under Bulgarian law. It is the responsibility of each potential Purchaser of TBT to determine if the Purchaser can legally purchase TBT in the Purchaser’s jurisdiction.
11. Acceptance of Terms and Conditions of the TBT sale
As a first step in the purchase process, the Company will present the Purchaser with these Terms and Conditions, and associated documents, along with a checkbox. By clicking the checkbox, the Purchaser: (a) consents and agrees to the Terms and Conditions; (b) represents and warrants that the Purchaser is legally permitted to purchase TBT in the
Purchaser’s jurisdiction and is legally permitted to receive products of Bulgarian origin; (c) represents and warrants that the Purchaser is of a sufficient age to legally purchase TBT or has received permission from a legal guardian who has reviewed and agreed to these Terms; (d) represents and warrants that the Purchaser will take sole responsibility for any restrictions and risks associated with the purchase of TBT as set forth below; (e) represents and warrants that the Purchaser is acquiring TBT for the use of TradeBit platform application services
12. Confirmation of Purchases
During the purchase process with ETH on the www.tradebit.me website, the Company will provide Purchasers with a unique intermediary ETH address. Using this address, Purchasers can track and confirm that the Purchaser’s ETH has been received at that address and TBT has been subsequently and automatically sent to the Purchaser’s address.
Knowledge of the unique intermediary ETH addresses does not constitute a purchase receipt or indicate in any way that any party possessing such knowledge has rights to or ownership of the purchased TBT.
PURCHASER IS RESPONSIBLE FOR TRANSFERRING ETHEREUM ONLY FROM HIS/HER PRIVATE WALLET WHICH CAN HOLD ERC20
THE COMPANY DOES NOT GUARANTEE TIMELY AND CORRECT PROCESSING OF THE ORDER IN CASE OF NON-COMPLIANCE OR VIOLATION OF THESE TERMS AND CONDITIONS
13. TBT will only be available for sale on the ICO Campaign website
The Company will only sell TBT through the ICO Campaign website, available at www.tradebit.me. To the extent that any third-party website or service offers TBT for sale during the ICO Campaign or facilitates the sale or transfer of TBT in any way during the ICO Campaign, such third-party websites or services are not sanctioned by the Company or its parents and affiliates and have no relationship in any way with the the Company. As a result, the Company prohibits the use of these third-party websites or services for the purchase of TBT prior to the end of the ICO Campaign.
Purchasers should take great care that the site used to purchase TBT has the following universal resource locator (“URL”):
By purchasing TBT, and to the extent permitted by applicable law, the Purchaser agrees not hold any of the Company Parties liable for losses incurred by any person, entity, corporation, or group individuals or groups who use a third-party service to purchase TBT.
The only official and authorized TBT sale website URL is www.tradebit.me.
14. All Purchases of TBT Are Non-Refundable
ALL PURCHASES OF TBT ARE FINAL. PURCHASES OF TBT ARE NON-REFUNDABLE. BY PURCHASING TBT, THE PURCHASER
ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OTHER OF THE COMPANY PARTIES ARE REQUIRED TO PROVIDE A ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OTHER OF THE COMPANY PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY TBT THAT IS NOT USED OR REMAINS UNUSED.
The Company makes no representations concerning the tax implications of the sale of TBT or the possession or use of TBT. The Purchaser bears the sole responsibility to determine if the purchase of TBT with ETH or the potential appreciation or depreciation in the value of TBT over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction.
Purchasing TBT, and to the extent permitted by law, the Purchaser agrees not to hold any of The Company Parties liable for any tax liability associated with or arising from the purchase of TBT.
Over the last six months, financial authorities in the US, Singapore, China, Switzerland, and Germany have tightened their policies towards ICOs or issued warnings as tokens are more and more frequently categorized as securities.
The TBT token sale will be compliant with the security regulations of those jurisdictions and by clicking the accept all the purchasers of TBT token agree that they follow the laws in the country they are resident in regarding ICO campaigns and are exclusively allowed to participate in ICO (Initial Coin Offering) campaigns in compliance with the most current laws and regulations.
TRADEBIT Token., ITS PARENT AND AFFILIATES, AND OTHER OFFICERS, DIRECTORS, AGENTS, JOINT VENTURES, EMPLOYEES AND SUPPLIERS OF THE COMPANY OR OUR PARENT OF AFFILIATES, NOW OR IN THE FUTURE AND ANY OTHER MEMBER OF THE COMPANY TEAM (COLLECTIVELY THE “THE COMPANIES PARTIES”) WILL NOT BE HELD LIABLE IF PURCHASERS DOES NOT MEET THE LEGAL AUTHORITIES IN EACH COUNTRY WHEN PARTICIPATING PURCHASE OF TBT TOKENS.
17. Privacy Notice
Although the Company requires that Purchasers provide an email address, the Company will not publish any identifying information related to a TBT purchase, without the prior written consent of the Purchaser.
Purchasers may be contacted by email by the Company regarding a purchase. Such emails will be informational only. The Company will not request any information from Purchasers in an email.
18. Important Notice
Ownership of TBT carries no rights express or implied. Purchases of TBT are non-refundable. Purchasers should have no expectation of influence over governance of the platform.
By participating in the sale of TBT, you expressly acknowledge and represent that you have carefully reviewed the Terms and Conditions, as well as the User Agreement and fully understand the risks, costs, and benefits of purchasing TBT and agree to be bound by these Terms. As set forth further below, you further represent and warrant that, to the extent permitted by law, you are authorized to purchase TBT in your relevant jurisdiction, are of a legal age to be bound by these Terms, and will not hold the Company, its parent, and affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of the Company or our parent or affiliates, now or in the future and any other member of the Company team (collectively the “the Company Parties”) liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the sale of TBT.
The purchase of TBT carries with it a number of risks. Prior to purchasing TBT, you should carefully consider the risks listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following risks are unacceptable to you, you should not purchase TBT. By purchasing TBT, and to the extent permitted by law, you are agreeing not to hold any of the Company Parties liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of TBT.
While the Company team will provide general guidelines for user usage and storage of TBT before the TradeBit platform becomes operational, Purchasers should have a functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While the Company will be available to assist Purchasers of TBT during and after the sale, the Company will not be responsible for lost ETH resulting from actions taken by or omitted by Purchasers. Note, in particular, that TBT Purchasers should take great care to write down their Ethereum Wallet credentials and not lose it so as to be sure that they will be able to access their TBT when it becomes available.
This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction.
Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring the TBT early in the ICO campaign versus waiting to purchase TBT on open, third-party exchanges once the system is operational and when they or their businesses actually require the TradeBit platform services.
19. Disclaimer of Warranties
THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING TBT AT THE PURCHASER’S SOLE RISK AND
THAT TBT IS PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING,
BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED).
WITHOUT LIMITING THE FOREGOING, NONE OF THE COMPANY PARTIES WARRANT THAT THE PROCESS FOR PURCHASING TBT WILL BE UNINTERRUPTED OR ERROR-FREE.
20. Limitations Waiver of Liability
THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE
DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR
RELATED TO USE OF, OR INABILITY TO USE, TBT UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY
JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT
(INCLUDING NEGLIGENCE) AND THAT NONE OF THE COMPANY PARTIES SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY, WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, TBT.
THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE COMPANY IS NOT LIABLE, AND THE PURCHASER
AGREES NOT TO SEEK TO HOLD ANY OF THE COMPANY PARTIES LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF ETH, AND THAT THE RISK OF PURCHASING AND USING TBT RESTS ENTIRELY WITH THE PURCHASER
TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE TRADEBIT TOKEN. PARTIES BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAVE PAID TO THE COMPANY FOR THE PURCHASE OF TBT.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF
LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND
ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILLFUL MISCONDUCT OR FRAUD OF THE COMPANY.
21. Jurisdiction of the Sale
The legal entity conducting the ICO Campaign is www.tradebit.me .
22. Dispute Resolution
All disputes, controversies or claims arising out of, relating to, or in connection with the Terms, the breach thereof, or the
Company’s sale of TBT or use of the TradeBit Platform shall be finally settled under the Rules of Arbitration of the Bulgarian Law by one or more arbitrators appointed in accordance with said Rules. All claims between the parties relating to these Terms that are capable of being resolved by arbitration, whether sounding in contract, tort, or otherwise, shall be submitted to authorities arbitration.
Prior to commencing arbitration, the parties have a duty to negotiate in good faith and attempt to resolve their dispute in a manner other than by submission to authorities arbitration.
The language of the arbitration shall be English.
In the final award, the tribunal shall fix the costs of the arbitration and decide which of the parties shall bear such costs in what proportion. Every award shall be binding on the parties. The parties undertake to carry out the award without delay and waive their right to any form of recourse against the award in so far as such waiver can validly be made.
23. Force Majeure
The Company is not liable for failure to perform solely caused by:
Unavoidable delays in casualty, delivery of materials, embargoes, government orders, an act of civil, public or military authorities, acts by common carriers, emergency conditions (including weather conditions) incompatible with safety or good quality workmanship, or any similar unforeseen event that renders performance commercially implausible.
If an event of force majeure occurs, the party injured by the other’s inability to perform may select to suspend the Agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.
24. Complete Agreement
These Terms along with the User Agreement sets forth the entire understanding between each Purchaser and the Company with respect to the purchase and sale of TBT.
For facts relating to the sale and purchase, the Purchaser agrees to rely only on this document and “Whitepaper Version 0.9” in determining purchase decisions and understands that these documents govern the sale of TBT and supersede any public statements about the ICO campaign made by third parties or by the Company Team or individuals associated with any Company Parties, past and present and during the ICO campaign.
The Purchaser and the Company agree, that if any portion of these Terms and Conditions or the User Agreement is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms and Conditions or User Agreement, which shall continue to be in full force and effect.
26. Updates to the Terms and Conditions
The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms and
Conditions, at any time during the sale by posting the amended Terms on the ICO campaign website
(www.tradebit.me). Any Purchaser will be deemed to have accepted such changes by purchasing TBT.
If at any point, you do not agree to any portion of the then-current version of the Terms and Conditions, you should not purchase TBT.
To the extent, the Terms and Conditions conflict with the User Agreement, the Terms and Conditions shall govern.