The following Terms and Conditions ("Agreement") govern your (“you” or the “Purchaser”) purchase of cryptographic tokens ("TXO Tokens") from TXO, an Estonia based venture 1, represented by its Treon. Each of you and the Company is a “Party” and, together, the “Parties” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the TXO Token sale.
Please take note that the partners of Treon are currently in the process of incorporating a company in Estonia and as soon as the said entity is incorporated all the duties, rights, privileges and liabilities of the company under this agreement will be automatically assigned to the new entity.
Ownership of Treon Tokens during the ICO carries no rights express or implied. Purchases of TXO Tokens are non-refundable. Purchasers should have no expectation of influence over governance of the platform or the Company. By participating in the sale of TXO Tokens, you expressly acknowledge and represent that you have carefully reviewed the Agreement and fully understood the costs and benefits of purchasing TXO Tokens and agree to be bound by the Agreement. As set forth below, you further represent and warrant that, to the extent permitted by law, you are authorized to purchase the TXO Tokens in your relevant jurisdiction, are of a legal age to be bound by the Agreement, and will not hold the Company, its parent and affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of the Company or the Company’s parent or affiliates, now or in the future and any other member of the Company (“Treon team”) liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the sale of TXO Tokens.
Do not purchase TXO Tokens if you are not an expert in dealing with cryptographic tokens and blockchain-based software systems. Detailed profiles of the partners are provided at Treon’s official website www.treon.io.
Purchases of TXO Tokens should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, like Bitcoin (“BTC”) or Ethereum (“Ether”), and Blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While the Treon Team will be available to assist Purchasers of TXO Tokens during the sale, the Treon team will not be responsible in any way for loss of BTC, Ether or TXO Tokens resulting from actions taken by, or omitted by Purchasers. If you do not have such experience or expertise, then you should not purchase TXO Tokens or participate in the sale of TXO Tokens.
- The TXO Tokens do not grant to the purchaser any voting or ownership rights (other than ownership of the TXO Tokens itself);
- The TXO Tokens do not grant to the purchaser any return on investment;
- The TXO Tokens do not grant to the purchaser any profit or passive income from the ownership of the TXO Tokens.
The Purchaser thus agrees that the TXO Tokens are not "securities" and will not consider them as such, and agrees and consents to their non-registration with any government entity as a security.
Prior to purchasing TXO Tokens, you should carefully consider the terms listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not purchase TXO Tokens. By purchasing TXO Tokens, and to the extent permitted by law, you are agreeing not to hold any of the Treon team and the Company liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of TXO Tokens, including losses associated with the terms set forth below.
Terms and Conditions
The TXO Token is a decentralized application (DAPP) token developed on top of Ethereum Blockchain, in line with an enhanced version of its predecessor ERC20 standards. The Treon wallet application is free to use. The initial distribution of the token would be done through a TGE (Token Generation Event), where anyone can purchase the TXO Tokens in exchange for ether or Bitcoin. TXO Tokens will pay for licenses of the Treon applications - each token represents a % of a user license; tokens are held to constitute a license to the Treon product suite. This token utilization will be most applicable in phase one of our development. The Company will likely broaden the token use case going forward; such announcements will be made in advance to the company name community.
The total supply of the TXO Tokens is limited to 429.7 Million. This total amount will be split between technology/ marketing/ operations/ legal (60% / 25% / 10% / 5% of available tokens, respectively). Any tokens not sold will be held in the Company’s corporate wallet as reserve tokens for development expenses in future raises. Non-sold tokens will be split as follows. Reserve 84%, Founders 9%, Ecosystem Partners 5% and Team 2%.
2. Non-Refundable Sale
All purchases of TXO Tokens are final. Purchases of TXO Tokens are non-refundable. By purchasing TXO Tokens, the purchaser acknowledges that neither the Company nor the Treon Team is required to provide any refund for any reason, and that the Purchaser will not receive money or other compensation for any TXO Tokens that is not used or remain unused.
The Purchaser bears the sole responsibility to determine if the purchase of TXO Tokens or the potential appreciation or depreciation in the value of TXO Tokens over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing TXO Tokens, and to the extent permitted by law, the Purchaser agrees not to hold any of the TXO Team and Company liable for any tax liability associated with or arising from the purchase of TXO Tokens.
Although the Company requires that Purchasers provide proof of identity for AML and KYC purposes, the Company or the Treon Team will not publish any identifying information related to any TXO Tokens purchase, without the prior written consent of the Purchaser.
5. Disclaimer of Warranties
The purchaser expressly agrees that the purchaser is purchasing Treon at the purchaser’s sole risk and that the TXO token 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. Without limiting the foregoing, none of the company name team or the company warrant that the process for purchasing TXO tokens will be uninterrupted or error-free.
6. Limitation 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, the TXO tokens, under any cause of 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 name team or the company 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, TXO tokens. The purchaser further specifically acknowledges that the company and company name team are not liable for the conduct of third parties, including other purchasers of TXO tokens, and that the risk of purchasing and using TXO tokens rests entirely with the purchaser. To the extent permissible under applicable laws, under no circumstances will any of the company name team or company be liable to any purchaser for more than the amount the purchaser have paid for the purchase of the TXO tokens. 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 name team or the company.
7. Force Majeure
If an event of force majeure occurs, the party injured by the other’s inability to perform may elect 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. Some of force majeure events includes but not limited to government orders that prevents the functions and purposes of the transactions under this Agreement.
8. Complete Agreement
These Terms set forth the entire understanding between each Purchaser and Company with respect to the purchase and sale of TXO tokens. For facts relating to the sale and purchase, the Purchaser agrees to rely only on this document in determining purchase decisions and understands that this document govern the sale of TXO tokens and supersede any public statements about the ICO made by third parties or Company Name Team or Company, past and present and during the ICO.
The Purchaser and the Company agree that if any portion of the 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 Agreement, which shall continue to be in full force and effect.
10. No Waiver
The failure of Company to require or enforce strict performance by the Purchaser of any provision of the Agreement or the Company’s failure to exercise any right under these agreements shall not be construed as a waiver or relinquishment of the Company’s right to assert or rely upon any such provision or right in that or any other instance. The express waiver by the Company of any provision, condition, or requirement of the Agreement shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in this the Agreement, no representations, statements, consents, waivers, or other acts or omissions by the Company shall be deemed a modification of the Agreement nor be legally binding.
11. Updates to the Terms and Conditions of the TXO Token Sale
The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Agreement at any time during the sale by posting the amended terms and conditions on the Treon website www.treon.io. Any Purchaser will be deemed to have accepted such changes by purchasing TXO tokens.
12. Further Information
For further information regarding the TXO tokens sale, please get in touch with us at firstname.lastname@example.org.