(the “GT&C”) apply to the buyer of the SECURIX.IO token (SRXIO) and future token holders / users of the SECURIX.IO mega vault wallet. You should carefully read the GT&C, as well as the SECURIX.IO white paper before participating.
Definitions and declarations
SECURIX.IO - is an online project operated by SECURIX FZ-LLC License: 47001024, PO 16051, Al Mamourah street, Al Nakheel, North Ras Al Khaimah, United Arab Emirates.
http://www.securix.io/ (hereinafter - the “Website”) is the official website of SECURIX.IO;
ICO - a restricted initial coin offering by SECURIX.IO to eligible token holders regarding the purchase of SRXIO.
White paper - the document posted on the Website containing ICO conditions and describing the SECURIX.IO project, product and operations model.
The following GT&C constitute the agreement (hereinafter - The Agreement) between SECURIX.IO and you (hereinafter - the SRXIO token holder, or The SECURIX.IO token holder) with respect to the use to the purchase of the SRXIO and the future products offered through the SECURIX.IO.
By acquiring the SRXIO token, the SRXIO token holder agrees to be bound by the GT&C in its latest version.
The SRXIO Token
SRXIO token entitles the holder to 45% gross revenue of the output of the SECURIX.IO mining facilities. All SRXIO tokens are equal in terms of the proportion of the output they are entitled to.
In some jurisdictions, SRXIO token can be classified as a security. Nothing in this white paper is deemed to constitute a prospectus of any kind or 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. This document has not been composed in accordance with, nor is subject to, the laws or regulations. No foreign regulatory authority has approved investment in the SRXIO tokens. By entering this agreement, the token holder clearly states that he / she is not protected by the investment protection legislation in any way.
SRXIO token does not grant the token holder any voting power within the company and its subsidiaries as well as SECURIX.IO.
Purchase of SRXIO is final and non-refundable.
SRXIO is not a share and does not give any security rights, such as pledges or guarantees of SECURIX.IO.
The purchase of SRXIO shall therefore not be made for speculative usage.
Virtual currency entails extreme volatility and bubble risk.
SRXIO can be purchased during the crowdsale directly from the Company or after the crowdsale at a exchange.
Although the SRXIO token, as well as the SRXIO output, in principle is transferable, it is possible that you will be unable to transfer yourSRXIO token or the SRXIO output when you wish to do so, or not at the preferred price.
Any future Token holder purchasing SRXIO expressly acknowledges and represents that she / he has carefully reviewed the GT&C and fully understands the risks, costs and benefits associated with the purchase of this token as indicated in the GT&C.
The SRXIO tokens are strictly limited to Token holders not acting in their capacity as consumers. A consumer means every natural person who enters into a legal transaction for purposes that predominantly are outside his trade, business or profession.
A future Token holder undertaking to purchase SRXIO in relation to the SECURIX.IO token sale should ensure that she / he understands and has significant experience with cryptocurrencies, blockchain systems and product, and that she/he fully understands the risks associated with the token sale as well as the mechanism related to the use of cryptocurrencies, including, but not limited to storage and safekeeping of access information.
SECURIX.IO shall not be responsible for any loss of SRXIO tokens or situations making it impossible to access SRXIO tokens, which may result in any actions or omissions of the future SRXIO token holder or any person undertaking to acquire SRXIO.
The mining income for SRXIO token holders may be taxable. Ask your local adviser if this is taxable and how this should be included in your tax return.
The tax consequences of a SRXIO token and the output of a SRXIO token, depending on personal circumstances and may be subject to changes in the future. Potential token holders are advised to seek legal and tax advice before acquiring SRXIO tokens.
Acquiring SRXIO tokens involves various risks, in particular, that SECURIX.IO may not be able to launch its operations. Therefore, and before buying SRXIO tokens, any future token holder should carefully consider the risks, costs, and benefits of acquiring SRXIO tokens within the crowdsale, and, if necessary, obtain independent advice in this regard. Any interested person who is not in the position to accept nor to understand the risks associated with the crowdsale (incl. the risks related to the non- development of SECURIX.IO network and operations) or any other risks as indicated in the GT&C, should not acquire SRXIO, at this stage or later.
The SRXIO token, Bitcoin and Ethereum are not regulated and fall outside the scope of oversight. Similarly, exchanges in which our token, bitcoins and Ethereum could be traded and digital wallets could be used to hold, store and transfer the token or coins are generally also unregulated.
Virtual currency is relatively new and as a result, the legal framework is not completely clear and subject to changes in interpretation and subject to new jurisprudence. As a result, there could be uncertainty about the rights regarding the token and/or the output of your token.
Market conditions and the price of virtual currency, including Bitcoin fluctuate. It is uncertain what the Bitcoin price will be in the future. The value of Bitcoin could permanently be reduced to zero. This would the result in token holders being left with the SRXIO token having no value.
Virtual currency and the SRXIO token can be subject to cybercrime. Therefore, it is possible, for example, that other people will obtain access to your wallets and that you will lose your tokens and/or any output received.
Virtual currency is highly risky, not backed by any tangible assets and unregulated under EU law, and do not, therefore, offer any legal protection.
It is possible that it will one day no longer profitable to mine bitcoins, for example, due to a change of energy prices or applicable rules and regulations.
There are operational risks. The business of SECURIX.IO depends on several circumstances.
It is possible that our Bitcoin mining operation will fail and that we will not mine any Bitcoins, or (much) fewer than we currently expect, for example, due to fire, natural disasters or other (unforeseen) circumstances.
Cryptocurrencies make use of blockchain technology, which is based on cryptographic encryption. Because it is a relatively new technology, the risk that one or more blockchains will be defective is considerable. That can lead to malfunctioning and/or security breaches, and that in turn could result in loss or the loss of value of the cryptocurrencies that make use of that blockchain.
SECURIX.IO depends on the cooperation with Fintech Capital B.V. in the Netherlands. Any disruptions in this cooperation and/or a change of rules/agreements from or by the United Arab Emirates or between the United Arab Emirates and the Netherlands could have an impact on SECURIX.IO, the SRXIO token and the output of the SRXIO token.
Bankruptcy of Fintech Capital B.V. or any circumstances in relation to the servers can have an impact on the business of SECURIX.IO and the output of the SRXIO tokens, although certain risk mitigation measures have been taken.
SECURIX.IO will do business with several counterparties, and the inability of these counterparties to meet their obligations (financial or otherwise) could have an adverse effect on its operational results and the value and/or output of the SRXIO token.
Additional risks and uncertainties not known at present to SECURIX.IO, or that SECURIX.IO currently believes to be immaterial could also have a material impact on its business operations, the SRXIO token and/or the output of the SRXIO token.
General Terms and Conditions Important Disclaimer
The GT&C shall not and cannot be considered as an invitation to enter into an investment. They do not constitute or relate in any way nor should they be viewed as an offering of securities in any jurisdiction. The GT&C do not include or contain any information or indication that might be considered as a recommendation or that might be used as a basis for any investment decision.
Acquiring SRXIO shall not grant any security right, pledges, guarantees or influence over SECURIX.IO’s organisation and governance to the purchasers.
Regulatory authorities are carefully scrutinising businesses and operations associated with cryptocurrencies around the world. In that respect, regulatory measures, investigations or actions may impact SECURIX.IO’s business and even limit or prevent it from developing its operations in the future. Any person undertaking to acquire SRXIO must be aware that the SECURIX.IO business model and the GT&C may change or need to be modified because of new regulatory and compliance requirements in any applicable laws in any jurisdictions. In such case, purchasers and any person undertaking to acquire SRXIO acknowledge and understand that neither SECURIX.IO nor any of its affiliates shall be held liable for any direct or indirect loss or damages caused by such changes.
SECURIX.IO will do its best to launch its mining operations. Any person undertaking to acquire SRXIO acknowledges and understands that SECURIX.IO does not provide any guarantee that it will manage to the mining operations. They acknowledge and understand therefore that SECURIX.IO (incl. its bodies and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use SRXIO.
Warranties and Representation
By participating in the crowdsale, the token holder agrees to the GT&C, and in particular, they represent and warrant that they:
Are authorised and have full power to purchase SRXIO according to the laws that apply in their jurisdiction.
Reside in a jurisdiction which allows SECURIX.IO to sell the SRXIO tokens through a crowdsale without requiring any local authorisation;
Are familiar with all related regulations in the specific jurisdiction in which they are based and that purchasing cryptographic tokens in that jurisdiction is not prohibited, restricted or subject to additional conditions of any kind;
Are not a United States citizen, resident or entity (a “U.S. Person”) nor are they purchasing SECURIX.IO Tokens or signing on behalf of a U .S. Person.
Are not acting for purpose of speculative investment;
Will not use the token Sale for any illegal activity, including but not limited to money laundering and the financing of terrorism;
Are solely responsible for determining whether the acquisition of SRXIO is appropriate for them;
Understand the risks associated with the crowdsale (incl. the risks related to the non-development of SECURIX.IO network and operations); and understand the use of cryptocurrencies and the associated risks.
Intellectual Property Rights
To the extent that copyright or other intellectual property rights exist in the SECURIX.IO such as image rights, software or programs, those copyrights and other intellectual and industrial rights belong to SECURIX.IO.
Limitation of Liability
SECURIX.IO, as well as its officers, directors, agents, joint ventures, employees and suppliers, assumes no liability or responsibility for any loss arising out of or related to the use of the SECURIX.IO mega vault wallet or any technical, interruption or malfunction of the mega vault wallet.
SECURIX.IO business depends, for example, on the ability to process transactions efficiently and accurately. Losses can result from IT failures, inadequately skilled personnel, inadequate or failed internal control processes and systems, regulatory breaches, human errors, employee misconduct including fraud, or from external events that interrupt normal business operations. Securix also depends on its computer systems and networks and any disruption can have an impact on Securix business and the output of the token.
If any of the provisions of the GT&C or the agreement are deemed to be invalid, void or unenforceable, the remaining provisions shall continue in full force and effect.
SECURIX.IO may change, amend, delete or add to this Agreement or any of the General Terms and Conditions contained in any policies or rules governing the Website and / or the product at any time and in its sole discretion without notice. Any such changes will be effective upon the posting of the revised Agreement or such policies and rules on the Website and the token holder is solely responsible for reviewing any such notice and the corresponding changes to the Agreement. Token holders continued use of the Website and / or the product following any such revisions to the Agreement or such policies and rules will constitute Token holders acceptance of such changes. If the token holder does not agree to any such changes, the token holder must not continue to use the Website and / or the product.
The management board can change the SECURIX.IO Operator at any time without prior notice.
All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of the Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The arbitration panel shall consist of one arbitrator only.
The seat of the arbitration shall be Ras Al Khaimah. The arbitral proceedings shall be conducted in English.
The Company reserves the right to change the jurisdiction of the Company and this Agreement at any time at its own discretion.
You receive your token from an entity situated in Ras Al Khaimah, in the United Arab Emirates, SECURIX.IO. Accordingly, SECURIX.IOmay be subject to rules and regulations of the United Arab Emirates. Moreover, it is possible that several territories will be involved in the transactions relating to the SRXIO token, which could result in uncertainty regarding the applicable rules and regulations, and your rights in relation to the SRXIO token and/ or the SRXIO output. It is possible that your rights will be (practically) unenforceable.