PLEASE READ CAREFULLY THIS AGREEMENT ON SALE OF TOKENS BEFORE PURCHASING TOKENS, AS IT AFFECTS YOUR OBLIGATIONS AND LEGAL RIGHTS, INCLUDING, BUT NOT LIMITED TO, WAIVERS OF RIGHTS AND LIMITATION OF LIABILITY. IF YOU DO NOT AGREE WITH THIS AGREEMENT ON SALE OF TOKENS, YOU SHALL NOT PURCHASE TOKENS. TOKENS ARE NOT BEING OFFERED OR DISTRIBUTED TO, AS WELL AS CAN NOT BE RESOLD OR OTHERWISE ALIENATED BY THEIR HOLDERS TO, CITIZENS OF, NATURAL AND LEGAL PERSONS, HAVING THEIR HABITUAL RESIDENCE, LOCATION OR THEIR SEAT OF INCORPORATION IN THE COUNTRY OR TERRITORY WHERE TRANSACTIONS WITH DIGITAL TOKENS ARE PROHIBITED OR IN ANY MANNER RESTRICTED BY APPLICABLE LAWS OR REGULATIONS IF SUCH RESTRICTED PERSON PURCHASES TOKENS, SUCH RESTRICTED PERSON HAS DONE SO ON AN UNLAWFUL, UNAUTHORIZED AND FRAUDULENT BASIS AND IN THIS REGARD SHALL BEAR NEGATIVE CONSEQUENCES CONTEMPLATED IN THIS AGREEMENT ON SALE OF TOKENS. TOKENS MAY HAVE NO VALUE. BUYER MAY LOSE ALL AMOUNTS PAID.
By purchasing Stellar-based LUDUM platform Tokens (“Tokens”) from LUDUM (“Company”) during the Token sale (“Token generation event”), you expressly agree to all of the terms and conditions set forth herein (“Terms”).
These Terms govern the sale of the Tokens during the Generation Period, supersede and replace any public statements about the Tokens offer made by any third parties.
Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring the Tokens.
Ownership of the Tokens gives no rights express or implied, other than the right to use Tokens as payment for the Company’s services (“Services”). Except as can be decided by the Company’s management at their own discretion and/or pursuant to requirements of applicable law or regulation, purchases of the Tokens are non-refundable. You should have no expectation of any shareholder, equity, or other interest or any influence over governance of the Company, or obtaining any right to receive future revenue shares, intellectual property or any other form of participation in the Company, other than the rights relating to the provision and receipt of Services.
LUDUM is an exempted company established and validly existing in accordance with the laws of Hong Kong. The Company has the full power, authority and legal right to execute, deliver and perform its obligations in connection with issuance and sale of Tokens as well as providing the Services of the Platform for its customers. The execution, delivery and performance by the Company of its rights and obligations would not conflict with or result in a breach or violation of its constituent document and/or the laws of Hong Kong. However, the Company cannot guarantee that its performance and operations comply with the laws of any other jurisdictions and, therefore, shall not be held liable for any breach or violations of such laws.
WARNING: DO NOT PURCHASE THE TOKENS IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS.
Purchases of the 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”), and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. The Company will not be responsible for lost BTC, ETH or the Tokens resulting from actions taken by, or omitted by Purchasers. Note, in particular, that you should take great care to write down your wallet password and not lose it so as to be sure that you will be able to access your Tokens when it becomes available after the end of the Generation Period. If you do not have such experience or expertise, then you should not participate in the acquisition of the Tokens.
WARNING: CRYPTOGRAPHIC TOKENS MAY EXPERIENCE EXTREME PRICE VOLATILITY.
Cryptographic tokens that possess value in public markets, such as BTC, have demonstrated extreme fluctuations in price over short periods of time on a regular basis. A purchaser of the Tokens should be prepared to expect similar fluctuations, both down and up, in the price of the Tokens denominated in Stellar Lumens (XLM). Such fluctuations are due to market forces and represent changes in the balance of supply and demand. The Company does not guarantee market liquidity for the Tokens and therefore there may be periods of time in which the Tokens are 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 the Tokens may be markedly different in different countries and this would likely be reflected in significant price discrepancies.
WARNING: THE PURCHASE OF THE TOKENS ENTAILS A NUMBER OF RISKS.
The purchase of the Tokens carries with it a number of risks. Prior to purchasing the Tokens, you should carefully consider the risks listed below and, to the extent necessary, consult an appropriate lawyer, accountant, and/or tax professional. If any of the following risks are unacceptable to you, you should not purchase the Tokens. By purchasing the Tokens subject to these Terms, and to the extent permitted by law, you agree not to hold the Company liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the purchase and possession of the Tokens, including losses associated with the risks set forth below.
At any point, if you do not agree to any portion of the Terms, you should not proceed to purchase any Tokens.
You agree to purchase such number of the Tokens as ordered by you on the website playLUDUM.com when the Terms are accepted.
The preceding text is just an excerpt from the original 'Terms & Conditions' document. You must read and understand the whole Terms & Conditions to be eligible for participating in this sale.