Cryptocurrency coin distribution and terms
a. Distribution methodology:
The Company will do its best to ensure the coin is available for exchange with other currencies on one or more currency exchanges but can make no promises that the coin will be accepted for exchange by one or more currency exchanges.
b. Coin price:
Company makes no promises to the future value of the coin, and you agree to indemnify Company should the value of the coin decline in value prior to or after you receive any coins.
c. Transfer of coins:
Company reserves the right to migrate the cryptocurrency coin to another non-ERC20 protocol in the future and/or create a new cryptocurrency coin on the ERC-20 protocol should Company determine, in its reasonable discretion, that doing so is necessary or desirable. Upon Company’s request, you agree to take any and all actions reasonably necessary to effectuate the migration of your cryptocurrency coins to another protocol or coin identified by Company. If you fail to effectuate such migration, the Coins may not be compatible with the ecosystem or the platform’s services going forward. Notwithstanding any other provision of these Terms, Company shall not be responsible or liable for any damages, losses, costs, fines, penalties or expenses of whatever nature, whether or not reasonably foreseeable by the Parties, which you may suffer, sustain or incur, arising out of or relating to your failure to effectuate such migration of your ERC-20 Coins to another protocol identified by Company.
d. Regulatory environment:
The regulatory status of cryptocurrency is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the ecosystem and the coins. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the ecosystem and the coins. Company reserves the right to cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.