You can lose all the money spent on QCHAIN tokens. QCHAIN tokens are not exchangeable or refundable.
We guarantee neither the value nor the profitability of QCHAIN tokens or the project described in this document.
By agreeing to these conditions and participating in the purchase and sale transaction of QCHAIN tokens with QCHAIN TECHNOLOGY PTE. LTD., you waive any claim. Admitting the information given in this document, you waive any regress suits or claims under the lawsuit as well as from means of legal defense in relation to QCHAIN TECHNOLOGY PTE. LTD. and its directors, officers, and shareholders if the profitability of the QCHAIN currency and the project described in this document is not confirmed.
If you are not sure concerning anything described in this document or not ready to lose the full amount of money spent on purchasing QCHAIN tokens, we strongly recommend you not to make a purchase of QCHAIN tokens.
We recommend consulting (assuming that you have already done this) with specialists in the field of law, finance, taxes, investment, and other professionals for further support before participating in the purchase and sale transaction of QCHAIN tokens described in this document. We also strongly recommend you to consult an independent lawyer regarding the legality of the transaction with tokens and cryptocurrency in the jurisdiction of your state. It stands to mention that under the conditions of purchase and sale of tokens: https://qchain.space to which you agree (this is one of the stages in the purchase and sale of QCHAIN tokens with QCHAIN TECHNOLOGY PTE. LTD.), you acknowledge that you have consulted an independent lawyer.
QCHAIN tokens are neither shares nor any other type of securities existing in the jurisdiction of the token emitter. The purchase of tokens does not entail the acquisition of ownership or participation in respect of QCHAIN TECHNOLOGY PTE. LTD., or the right to take part in the distribution of company profits. We do not guarantee a fixed token price, an increase in value or liquidity. Specified currency is a means of acquiring certain services on a platform that will be developed and integrated. We do not guarantee that this platform will be available in a specific country.
We do not guarantee those future activities of QCHAIN TECHNOLOGY PTE. LTD. will not be subject to changes in the law or in legal practice (including the legislation on licensing) of any state. We hereby notify that we can suspend any activity in any state because of the above or other reasons for an indefinite period of time, or completely cease our activity in any state.
Buyers and holders of QCHAIN tokens, as well as sellers and other customers, are recommended to consult specialists concerning legal and tax regulation in their country, especially regarding the recognition of tokens and cryptocurrencies, as well as their purchase and sale and taxation.
We hereby inform you that investment activities regarding tokens and cryptocurrencies are currently poorly regulated, and investments are extremely volatile, and QCHAIN TECHNOLOGY PTE. LTD. is not liable for that.
Technologies used in the QCHAIN project are relatively new and require further development and integration for their successful use (which we cannot guarantee). You hereby acknowledge your understanding of the risks and agree that QCHAIN TECHNOLOGY PTE. LTD. is not responsible for the success of the development and implementation of the QCHAIN project. QCHAIN TECHNOLOGY PTE. LTD. is not liable for any hacker attacks or other unlawful actions that could neither be prevented nor anticipated under ordinary discretion.
Please carefully read the section of this document on “Legal Aspects, Risks and Disclaimers.”
You should read the section “Legal Aspects, Risks and Disclaimer” before: (i) in any way using the information presented in this document, as well as any information available on the website/sites of QCHAIN TECHNOLOGY PTE. LTD. (hereinafter referred to as the "Company") available at https://qchain.space (hereinafter referred to as the "Site"); and before (ii) participating in the purchase and sale of tokens described in this document (hereinafter - the “Transaction”). The section “Legal Aspects, Risks and Disclaimers” applies to White Paper, as well as to any information available on the Site. This section contains the conditions applicable if (i) you use information from this document or any information available on the Site, and if (ii) you are participating in the Token Purchase and Sale Transaction. In each case, the conditions of this section apply additionally along with other conditions related to this document, the Site or the token sale and purchase transaction, which will be occasionally published (such conditions are hereinafter referred to as the “Terms”). The section “Legal Aspects, Risks and Disclaimers” may be updated and in this case, will be published in the latest version on the Site. Before participating in the Transaction, it is necessary to get acquainted with the full content of the latest version of this document (we do not inform customers and investors about the changes by e-mail or in any other way, except an alert message on the site, which should be tracked independently). This document is an integral part of White Paper, and by purchasing tokens, you agree to it regardless of the form of purchase.
The information presented in thу section “Legal Aspects, Risks and Disclaimer” may not be exhaustive and does not include an element of contractual relations. We make every reasonable effort to ensure that information: (i) in this document; and (ii) on the Site (any information presented in this document), the Terms of the Transaction and any information available on the Site (hereinafter referred to as the “Available Information”) is accurate and updated, but in no case it can be treated as professional advice. Persons intending to become a part of the Transaction should receive professional advice before undertaking any actions based on the Available Information.
The company may publish Available Information in several different languages.
If there are any inconsistencies between the English version of the Available Information and versions in other languages, the English version shall prevail.
We hereby inform you that we do not bear any responsibility regarding the actions of the parties participating in the work of the platform, with the exception of the usual business practice of KYC (Know Your Client) customers, sellers and holders of tokens, including, without limitation, their tax obligations, their business and commercial obligations and the accuracy of any information provided by the third parties.
The Company has made every reasonable effort for the responsible and sensible organization of the Transaction. Given the legal uncertainty of the status of the blockchain and cryptocurrencies, as well as the activities related to cryptocurrencies in various states, the Company used its funds and resources to develop a unified business model in the states where it currently operates or plans lead to operate in the future. The Company did NOT receive other legal advice in other states. Thus, it is likely that in some states, the QCHAIN tokens referred to in this document, which are the subject of the Transaction, are recognized as securities, and transactions with their participation are specially regulated or prohibited. In both cases, the Company may be liable or may have to suspend its activities (operations with tokens) until the specified regulatory formalities are settled. QCHAIN TECHNOLOGY PTE. LTD. is not obliged to obtain permits or a license or bring its activities in accordance with the national legislation of a particular state in any other way; therefore the Company may suspend its activities in a particular region in its sole discretion. In this case, and under any such circumstances, the Company does not bear any responsibility to the client. We strongly recommend consulting an independent lawyer regarding the legality of buying and selling tokens in a particular state.
The company will make all economically reasonable efforts to bring its activities in accordance with the laws of the state, and, as far as practicable, with the laws of other countries, where possible. However, since the legal regulation of blockchain and token transactions in the world is currently rather uncertain, the Company cannot guarantee the legality of the Transaction and the developed business platform (described in the Available Information), as well as the ability to develop, structure and license the turnover of tokens in every state. Despite this, the Company will make all economically reasonable efforts to respond to changes in national laws, as well as to bring its activities in line with new legislative requests.
Tokens are a functional currency intended for use exclusively within the framework of the Company's business platform, which is still under development and requires further integration and adjustments. Tokens are not securities in terms of the state's legislation, and the state is the emitter of Tokens; therefore, a prospectus is not required. Tokens are not refundable or exchangeable. The company does not recommend purchasing Tokens for speculative investment purposes. The ownership of Tokens does not give the right to participate, manage, vote, or give any other right to participate in the operation of the Company and/or its affiliated companies. Tokens are subject to sale as a digital product, similar in characteristics to installed software, digital music, and similar content. The company does not recommend acquiring Tokens if you have no experience with cryptocurrency tokens, blockchain-based software, or without consulting an independent expert.
Citizens, residents (tax or otherwise) and/or persons holding a residence permit of (i) the United States of America; ii) South Korea; iv) Singapore; and (v) any other state that prohibits the possession, distribution or transfer of Available Information and/or prohibits participation in token sale and purchase transactions; limits commercial offers of such transactions or any similar activity or similar products (collectively, “Restricted Jurisdictions”) and any other Restricted Parties may not participate in the Transaction. The term “Restricted Party” means any company, organization, partnership, trust, corporation, legal entity, state or representative of state, or any other independent or non-independent legal entity established and/or operating in accordance with the laws of Restricted Jurisdictions (including the United States of America, in accordance with their federal and state laws).
The company takes all reasonable measures to verify the citizenship of Token holders at any stage of the initial placement of cryptocurrency and is not responsible for incorrect or misleading information that will be provided contrary to the indicated measures in the future.
Tokens are not and will not be securities in any state. This document is not a prospectus or an offer in any form, and Available Information is not a commercial offer for the purchase of securities, nor is it an offer to invest in any state.
LACK OF ADVISORY INFORMATION
No part of the Available Information should be regarded as economic, legal, and financial or tax advice in relation to the Company, Tokens, Transactions, and other issues related to Available Information. The company does not voice any position and does not provide any advice regarding the purchase, sale, or other transactions with Tokens. The submission, publication, and distribution of any part of the Available Information shall not be used to make an investment decision or a decision on the conclusion of a transaction. We do not guarantee profit or resale. We recommend consulting an expert in the field of law, finance, taxes, or any other field regarding the content of Available information.
The client should be aware that financial risks accompanying the purchase of Tokens can last an indefinite period of time.
LIMITATION OF LIABILITY
Under no circumstances shall the Company or any current or former employees, officers, directors, partners, trustees, representatives, agents, consultants, contractors, lawyers or volunteers of the Company (hereinafter referred to as the "Representatives of the Company") be liable to buyers of Tokens in any way for the loss profit or for any lost savings or for any incidental, direct or indirect losses in connection with:
Available information (including the Site, White Paper, and generally available marketing materials) and Tokens provided “as is,” without any representations or warranties of any kind, manifested or implied. You assume all responsibility and risk regarding the use of the Available Information and the purchase of any number of Tokens, as well as their use. If the applicable law does not allow partial or complete use of the above limitations of liability, the restrictions will be applied to the maximum extent within the framework permitted by applicable law.
You hereby irrevocably and unconditionally and to the maximum extent within the framework of the applicable laws: (i) waive any requirements (actual or conditional, as an employee, public servant, trustee, agent, principal or as any other person having the right claims), including, but not limited to, claims relating to Exclusion of Liability or related claims; from any payments or repayments of monetary funds, compensations or other actions the claim of which may arise to the Company (hereinafter - including all affiliates) or to any of the Representatives of the Company; and (ii) undertake to release the Company and all representatives of the Company from any liability (of any nature) that they may incur with respect to you.
If for any reason you subsequently make any claims or initiate proceedings in relation to a claim that was waived in accordance with this clause or these Terms, or otherwise try to bring such a claim against the Company or any Representative of the Company, then hereby we completely and unconditionally undertake to fully compensate the Company and all Company Representatives:
If any provision (or part of it) of this section “Legal Aspects, Risks and Disclaimer” is or becomes invalid, illegal, or null and void, it shall be considered amended to the extent that it is necessary to recognize such a provision (or parts thereof) valid. If such a change is not possible, then the corresponding provision (or part thereof) shall be considered excluded from the text. Any change or exclusion of any provision (or part thereof) in accordance with the section “Legal Aspects, Risks and Disclaimer” does not affect the validity and legality of the rest of the section “Legal Aspects, Risks, and Disclaimer.”
The Company hereby declares that despite the provisions of this document or any statements contained directly or indirectly in the Available Information, the Company does not provide (and does not intend to provide) any warranty in any form whatsoever with regard to the accuracy and completeness of the information and contained in Available Information.
WARRANTY ON BEHALF OF THE CLIENT
Regardless of the access to Available information and consent to it (in whole or in part), you confirm (and mean that you confirm) that at the time of such access or at the time of getting acquainted with the Available information) that:
WARNING REGARDING FORWARD-LOOKING STATEMENTS
All statements contained in the Available Information, made in press releases or any other oral or written public statements may be made exclusively by the Company or its Representatives, should not be treated as historical facts, and are “forward-looking statements.” Some of these statements can be classified as “terms describing the prospects of the company,” such as “achieve,” “have a goal,” “anticipate,” “predict,” “be possible,” “evaluate,” “expect,” “ if,” “ intend,” “plan,” “possibly,” “probably,” “ project,” “should,” “will” and other similar terms. However, these terms are not exhaustive for a “forward-looking statement.” Any statements regarding the financial position of the Company, its business strategy, plans, prospects, future prospects of the industry, are “forward-looking statements.” The indicated “forward-looking statements” (including, but not limited to the statements of profitability and growth of the Company's profit, expected profitability; prospects, plans for the future, other industry trends; and in relation to other issues indicated in the Available Information) are not historical facts, but only estimates and forecasts. The company does not provide any guarantees, does not make forecasts, and does not evaluate expectations based on any formula, mathematical or scientific model, or forecast, nor does it make any official requests and does not conduct independent studies and other similar actions to confirm such guarantees, forecasts, expectations. These “forward-looking statements” imply explicit or implicit risks, uncertainties, and other factors that could cause actual future results or achievements of the Company to differ from future expected results or achievements expressed or implied in such “forward-looking statements.” These factors include, but are not limited to:
All “forward-looking statements” made by the Company or its Representatives or related to it imply these factors. Considering that risks and uncertainties can lead to actual future results or achievements of the Company significantly different from expected, expressed, or implied in “forward-looking statements” in the Available Information, you should not rely on these statements.“Forward-looking statements” are applicable only on the date when the latest version of White Paper is published, or on the date of the last update of the Site. Neither the Company, nor its Representatives, nor other persons can guarantee and do not guarantee that actual plans for the future, strategies or achievements will be presented in the indicated “forward-looking statements.” Actual plans for the future, strategies, or achievements of the Company may differ from those anticipated in “forward-looking statements.” Available Information is not and cannot be used as a promise or obligation regarding future activities or policies of the Company. In addition, the Company is not obliged to update any “statements of prospects” or publicly refute them, even if new information becomes available or other events occur.
You must carefully read and evaluate each of the following risk factors, as well as other information contained in these Terms before making a decision concerning participation in the Transaction. Based on the practice and convictions of the Company, all risk factors that are significant in making an informed decision are described below. If any of the following factors or uncertainties becomes a real event, business, financial position and/or results of the Company, as well as operations with Tokens and their frequency can be significantly and adversely affected. In such cases, the market price of Tokens (if they are traded on a stock exchange or market (regulated, unregulated, primary, secondary or otherwise)) may decrease due to any of these factors, uncertainties or material risks, and you may lose all or part of their Tokens or their economic value.
RISKS RELATED TO PARTICIPATION IN THE TRANSACTION
Previously, Tokens has not been traded, and the Transaction may not necessarily lead to the creation of an active or liquid Token market.
Prior to the Transaction, there was no open Token market. If the Company ever decides to obtain permission to place Tokens for trading on the exchange or cryptocurrency market, there is no guarantee that such permission will be obtained. Moreover, even if such cryptocurrency exchange permission is obtained, there is no certainty that an active or liquid Token market will develop or maintain after Tokens are available for trading at such a market, or that a delisting procedure will not be launched. There is also no certainty that the market price of Tokens will not fall below the original or issued purchase price (“Purchase Price”). The purchase price cannot indicate the market price of Tokens after they become available for trading at the market.
A token is not a currency issued by any central bank; or a national, supranational or quasi-national organization, and is not supported by any hard assets or other loans, and is not a commodity in the traditional sense of the word. The Company does not set a goal and is not responsible for the distribution and trade of Tokens at any market. Token trading will depend only on the agreement between the relevant market participants regarding its cost. No one is under obligation to buy any Token from any other Token holder, nor can anyone ever guarantee the liquidity of the Token or its specific market price. In addition, Tokens may not be resold to buyers who are citizens, residents (tax or other) of Restricted jurisdictions, or have a residence permit there or are Restructed parties or buyers in any other state where the purchase of Tokens may violate national law ( including on exchanges). Accordingly, the Company cannot guarantee any demand or availability of the Token market, or that the Purchase Price will equal the market value after the Token enters the currency or cryptocurrency exchange.
Future sales or issues of Tokens may significantly and adversely affect the market value of Tokens.
Any future sale or issue of tokens will increase the supply of Tokens at the market, which may lead to a decrease in the market value of the Token. Sale or distribution of a significant number of Tokens outside the Transaction procedure (including, but not limited to, the sale of Tokens after the initial placement of the cryptocurrency; the issue of Tokens for transfer to non-buyers for public initiatives, business development, academic research, and market expansion; and the issue of Tokens for transfer as a reward to users of the Company’s blockchain network that are under development and require integration and adjustments or any other improvement) or the forecast that the issue may adversely affect the market value of Tokens.
Negative advertising can significantly and adversely affect the value of Tokens.
Negative advertising of the Company; the activities of the Company, which is still developing; Tokens or key Representatives of the Company and/or regulation of the blockchain, cryptocurrencies and/or initial public offering of Tokens in any state can significantly and adversely affect the market perception and market value of Tokens regardless of whether such advertising is based on reliable information.
In the future, it is likely that the Company will not be able to fulfill all obligations.
There is no certainty that the Company will achieve sufficient interest towards the blockchain network (which is under development and requires integration and adjustments), which help you receive a Token or other rewards provided for active users of the network. In addition, even in the case of active interaction between users of the Company's business platform (which is under development and requires integration and adjustments), there are no guarantees that you personally will receive any part of the Tokens or other rewards. This is due to the fact that the ability of the Company to pay remuneration will depend on the future performance and future financial state of the Company, which no one can guarantee.
There is no certainty concerning the success of the Transaction or a business platform under development, and it requires integration and adjustments as provided for by the Available Information.
The value and demand for Tokens largely depend on the execution of the Transaction and the business platform (which is under development and requires integration and adjustments), as well as on the constant active involvement of users and the success of the proposed activities. There is no certainty that the Transaction will be successful, and the business platform (which is under development and requires integration and adjustments) will be successful and will continue developing. Despite the fact that the Company is making every effort to provide a realistic assessment, there is also no certainty that the cryptocurrencies received during the Transaction will be sufficient to develop the Company’s business platform, especially, given the cost of cryptocurrencies, their high volatility and their dependence on various circumstances. For the foregoing or any other reason, the development of the Company’s business platform and the expected launch of Tokens may not be completed, and there is no certainty that such development and launch will take place at all. Thus, transferred Tokens may have little or no value at all, which may affect the market value and use of the Tokens.
Token’s market price may fluctuate after the Transaction.
In general, it is expected that the market price of cryptographic Tokens will be relatively volatile and can fluctuate greatly in short periods of time. Demand for Tokens, and accordingly, their market price, can fluctuate strongly and quickly if there are some factors that cannot be controlled by the Company (the list is not exhaustive):
Funds received from the Transaction may be stolen.
The Company will make every effort to ensure the safety of the funds received from the Transaction so that they are securely stored in an escrow wallet, which is a multi-signature account, access to which is carried out by private keys belonging to respected and trusted parties. In addition, the Company will take security measures to ensure the safety of funds received from the Transaction. Despite such security measures, there is no certainty that as a result of hacker and cyber-attacks, distributed denial of service or errors, vulnerabilities or defects on the Transaction's website, on any other blockchain platform, or as a result of other actions and events. Such actions and events may include, for example, deficiencies in programming or in source code, leading to abusive acts. In this case, even if the Transaction is completed, the Company will not be able to receive the proceeds and use them to develop a business platform (which is under development and requires integration and adjustments). In this case, the launch of the Company's business platform (which is under development and requires integration and adjustments) may be temporarily delayed or canceled. Thus, Tokens in circulation may have low value or not represent any value whatsoever, which will affect their market price. Currency exchange can also be fraught with technical problems.
A business platform of the Company (which is under development and requires integration and adjustments)
Any events or circumstances that adversely affect the Company, its successors, or existing affiliates, may adversely affect the Company's business platform (which is under development and requires integration and adjustments, including, but not limited to, structuring and launching a business platform). Such adverse effects will accordingly affect the usefulness, liquidity, and market price of Tokens.
A company may suffer significantly if it fails to effectively manage its activities as the business develops, which will directly affect its ability to design, maintain or manage the Company’s blockchain network (which is under development and requires integration and adjustments and/or structuring and/or licensing of activities related to Tokens).
Financial technologies and cryptocurrency industries within which the Company competes have developed rapidly over the past few years and continue developing in response to new technological advances, changes in business models, changes in regulation, and other factors. As a result of this ever-changing environment, the Company may encounter difficulties in its activities in adapting to changes, and the sustainability of the Company will depend on its ability to manage its activities, ensure the hiring of qualified and competent employees, and ensure proper training of its personnel. As the business develops, the Company must also expand and adapt its working infrastructure. The Company's activities will be partially related to blockchain-based software, cryptocurrency wallets, or other related mechanisms for storing tokens, blocking technologies, and smart contract technology, and may depend on the payment processing systems the Company works with. All of these systems, tools, and skillsets are complex, costly, and fast-changing technical infrastructure. To demonstrate the continuing ability to effectively manage the technical support infrastructure for the Company's business platform, as described above, as well as making adjustments, the Company will need to continue modernizing and improving its data systems and other operating systems, procedures and controls. These updates and enhancements will require certain resources, are likely to be complex, and will increasingly rely on digital services from the third parties that the Company does not control or will not control. If the Company is not able to timely, efficiently and economically adapt its systems to changing circumstances, its business, financial condition and/or results of operations may be adversely affected. If third parties the Company relies on are subjected to security attacks or otherwise suffer from failures that affect the services used by the Company, the integrity and availability of its internal information may be compromised, which may lead to loss of confidential information and/or financial loss. The loss of financial, labor or other resources and any other adverse effect on the financial state and/or activity of the Company would have a direct negative impact on the ability of the Company to develop or maintain the business platform of the Company (which is under development and requires integration and adjustments and/or structuring and/or licensing of activities related to Tokens). Any adverse effects impacting the business or technology of the Company may also negatively affect the usefulness, liquidity and market price of Tokens.
The Company may encounter system failures, unplanned interruptions in its network, hardware or software defects, security breaches, or other reasons that could adversely affect the Company’s infrastructure network and/or the Company’s business platform (which is under development, and requires integration and adjustments).
The Company cannot anticipate hacker attacks, cyber-attacks, denial of service or errors, vulnerabilities, or defects in: the Company's business platform, (which is under development, and requires integration and adjustments); in smart contracts on the basis of which the Company or the Company's business platform functions; or in any other blockchain system. This might also refer to flaws in programming and source code, leading to abusive acts. The company cannot detect hacker attacks, cyber-attacks (including, but not limited to, double-spend attacks, attacks on main mining equipment, “selfish mining” strategy, data race condition) in a timely manner and does not have sufficient resources to effectively eliminate the attacks related to services that occur simultaneously and/or quickly.
The operation of the Company’s network and the provision of services (which will include the Company’s business platform (which is under development and requires integration and adjustments), and, in case of successful structuring, development, licensing and launch, the functioning of the QCHAIN Tokens) may be disrupted by numerous reasons, including natural disasters, equipment failures, network connection failures, power losses, or even deliberate malfunctions, such as crashes caused by software viruses or attacks of non-authorized users, some of which are beyond the Company's control. The Company cannot guarantee that cyberattacks, such as a distributed denial of service, will not be undertaken in the future or that the Company’s security measures will be effective. The Company may be subject to attacks on the infrastructure in order to steal information about its technologies, financial data or information about users or other actions that could harm the Company and/or token holders. Any significant violation of the Company’s security measures or other failures leading to the discredit of convenience, stability, and security of the Company's business platform (which is under development and requires integration and adjustments) may affect the usefulness, liquidity and/or market price of Tokens in an adverse manner.
In the future, a company may partially depend on accommodation facilities and third-party data centers.
The future infrastructure network of the Company may be created in whole or in part on servers that it owns and/or is located at the third-party hosting facilities and/or on servers that the Company rents in the third-party data centers. If the Company cannot renew the lease of its data objects on commercially acceptable terms or cannot do that at all, the Company may require for its servers to be transferred to a new data center facility, which may entail significant costs and possible service disruptions due to relocation. These facilities are also vulnerable and, in particular, can be affected by natural disasters, arson, terrorist attacks, power losses, and disruptions in telecommunications.
In addition, third-party providers of such services may suffer from security breaches as a result of third-party actions, employee errors, misuse, or otherwise, and third parties may gain unauthorized access to data on such servers. The company and suppliers of such facilities may not be able to anticipate such events or take reasonable preventive measures.
The overall global market, economic conditions, and policies may adversely affect performance and outcome and/or cash flows.
The company is dependent on global economic and market conditions. The complex economic environment around the world and politics from time to time contribute and can continue slowing down the pace of development of the information technology industry. A weak economy can have a negative impact on the business, operations, and financial conditions of the Company, including lower-income and cash flows, as well as the inability to attract future capital and/or debt financing on commercially acceptable terms. In addition, in an economic situation with a reduced cycle, the Company may experience negative consequences of the slowdown in trade and the use of the Company's business platform (which is under development and requires integration and adjustments), and may also delay or cancel the development, structuring, licensing and/or launch of Tokens.
Suppliers providing servers, bandwidth, and other services to the Company may also negatively affect economic conditions, which, in turn, may adversely affect the Company's activities or income. Consequently, there can be no guarantee that current economic conditions or deterioration of economic conditions or a prolonged or recurring recession will not have a significant adverse effect on business, financial state and performance of the Company and, therefore, on business platform of the Company (which is still under development, and requires integration and adjustments) and/or development, structuring, licensing and/or launch of Tokens. Thus, any such circumstances can negatively affect the usefulness, liquidity and/ or market price of Tokens.
Company or Tokens may be affected by changing laws.
Entrepreneurial activities related to blockchain, as well as cryptocurrencies around the world, are not regulated as a rule, but many regulatory authorities in various states have announced the development of legislation regulating entrepreneurial activities related to blockchain and cryptocurrencies. Company or Tokens may be subject to legislative innovations related to entrepreneurial activities concerning blockchain and cryptocurrencies including the obligation to bring their activities in accordance with the legislation or to interact with regulatory bodies and through requests and notifications, which may lead to a significant amount and also require considerable changes to the business - the Company's platform (which is under development and requires integration and adjustments) and/or in the development, structuring, license initiating and/or launching the functioning of the Token.
This may affect the attractiveness, practicality or functionality of the Company's business platform (which is under development and requires integration and adjustment) and/or the functioning of the Token for users, and will lead to a decrease in activity on the business platform and a drop in demand for the Company's Tokens. In addition, if the costs (financial or other) associated with new legislation exceed a certain threshold; then the Company can no longer be commercially viable, and may refuse to support the Company's business platform (which is under development and requires integration and adjustments), the expected functionality of the Token or the Token itself. In addition, it is difficult to predict whether (or how) governments or regulators can make changes to laws and regulations affecting blockchain technology and related applications, including the Company's business platform (which is under development and requires integration and adjustments) and Token functionality.
The Company may also cease operations in a state where it is declared illegal , or the law is structured in such a way that specified activity becomes economically disadvantageous or requires complex procedures for obtaining permission to work. These cases may adversely affect the usefulness, liquidity, and/or market price of Tokens and/or Tokens may stop trading.
The emergence of unforeseen risks associated with Tokens.
Cryptographic units, such as Tokens, are relatively new and dynamic technology. In addition to the risks described above, there are other risks associated with the purchase, storage, and use of Tokens including those that the Company cannot foresee. Such risks may also manifest as unforeseen variations or combinations of risks discussed above.
By purchasing Tokens, you agree that your personal data (i.e. email address, name, passport details, address and other personal data, including, without limitation, any information about wallets, IP address and preferences, if they will be available to the Company or its third-party operators KYC and AML), will be processed by the Company for entrepreneurial purposes or in order to build, promote and exchange information regarding the Company's platform (which is under development and requires integration and adjustments), as well as for Token promotion. The company agrees to store your email address and other personal data without distributing confidential data (for example, by including it in any external lists or sales to the third parties). You should understand that the right to be forgotten cannot always be realized, and, hereby, you agree to this fact by accepting this document and the White Paper QCHAIN.
Available Information is intended for informational purposes only. Anyone who is interested in acquiring Tokens and participates in the Transaction should get acquainted with various risks before making any decision regarding the Transaction. Available Information does not contain any advice from the Company or Company representatives or any recommendations to any recipient of the Available Information by virtue of any participation in the Transaction or otherwise. Available Information does not necessarily contain or requires to contain all risk factors associated with the Company, the Company's business platform (which is under development and requires integration and adjustments), Tokens, Transaction, any future functions of the Token or Available Information. All participants must independently evaluate their participation in the Transaction after all studies they consider necessary, as well as after receiving professional independent advice. Any participant in the Transaction should consult specialists in the field of investments, accounting, law and taxes regarding issues related to the Company, the Company's business platform (which is under development and requires integration and adjustments), Tokens, Transactions, any future functional opportunities of the Token and Available Information highlighting the issues of financial risks, consequences and expediency of the Transaction or other facts specified in the Available Information you have any doubts about.
The purchase of Tokens involves significant risks and may involve extraordinary risks, which may lead to the loss of all or a significant part of the cash or cash value spent on the purchase of Tokens.
Tokens do not represent deposits and are not subject to either compulsory or private insurance unless they are specially insured. Thus, the Company does not arrange insurance in case of loss or loss of the value of Tokens.
Participants in the Transaction should fully understand and accept the peculiarities of the Company, the Company's business platform (which is under development and requires integration and adjustments), Tokens, Transactions, any future functions of the Token and Available Information.
If you are not ready to accept these Terms (in whole or in part) or the risks described in the Terms, you should not participate in the token purchase and sale transaction. The Company or Company representatives do not guarantee that the proposals, goals, and/or results of the Company described in the Available Information will be fully or partially achieved. You are strongly advised to consider whether participation in the Transaction is suitable for you taking into account your personal and financial circumstances and your financial resources.
RESTRICTIONS ON DISTRIBUTION OF AVAILABLE INFORMATION
The distribution of the Available Information (in whole or in part) may be prohibited or limited by the laws, regulations, and rules of certain states. If such a restriction exists, you are responsible for not knowing the restriction, as well as for non-compliance in the state of your residence. The company is not responsible for your actions.
Persons the Available information was sent to (in whole or in part), or those who were granted access to it, and persons who obtained it in another way, should not send Available information to other persons, reproduce or otherwise distribute any information contained in this document for any goals; and also allow further distribution of this information.
NO OFFER OF SECURITIES OR THEIR REGISTRATION
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You need to export your private key before using the app! The application is in test mode. If you don't save the private key, access to your account may be lost. (Don't forget that you can use the private key in one-time).