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Terms of Service

Terms and Condition

Welcome on Nurkoin.com. These General Terms and Conditions (“TC”) apply to user of the Site. You should read these Terms of Service carefully before entering into the Site and using any of the services, functions, or features offered on the Site.

 

These Terms and Conditions (the “TC”) apply to user and the buyer of the Norkoin token and future user of the Norkoin.com platform.

 

PLEASE READ THESE TERMS CAREFULLY BEFORE PARTICIPATING TO THE TOKEN SALE. THE TC  AFFECT YOUR OBLIGATIONS AND LEGAL RIGHTS, INCLUDING, BUT NOT LIMITED TO, WAIVERS OF RIGHTS AND LIMITATION OF LIABILITY.

IF YOU DO NOT AGREE TO THESE TERMS OF SALE, DO NOT PURCHASE TOKENS.

 

By purchasing Norkoin tokens during token sale period, you will be bound by these Terms, and all terms incorporated by reference. Your purchase of Norkoin tokens is subject to these Terms.

APPLICABILITY

The following TC constitute the agreement (the “Agreement”) between Norkoin.com (hereinafter “Norkoin”), and you (the “User”) with respect to the purchase of the Norkoin token and the future use of the services offered through the Norkoin.com platform. By using our services, you are agreeing to be bound by the TC in its newest version. You are aware that Norkoin may change this TC in any time. Your continued use of the platform means that you accept any new or modified terms.

ACCOUNTS

When signing up for an account, you agree that you are above the age of 18 and have provided accurate information, and you are not using any other identity but yours. It is your responsibility to keep the confidentiality of your account and password.

THE NURKOIN PLATFORM

Norkoin.com is a open source platform based on a blockchain technology. The use of a blockchain protocol, will enables the platform to be decentralized and fully automatized, where the parties can buy coins and exchange services, with a lower transaction costs, using the Norkoin token as a currency.

THE NURKOIN TOKEN

In order to fund the development of the Norkoin ecosystem, ERC20 tokens (onwards called Norkoin tokens, or NUR)  will be created on the Ethereum blockchain, token that will be sold to the public in exchange of cryptocurrencies payment. The Norkoin token is a coin, which will allow the User to access the service provided by the Nurkoin platform.

 

The Norkoin token does not have the legal qualification of a security, since it does not give any rights on dividend or interest. The Norkoin token is final and non-refundable. The Norkoin token is not a share and does not give any right to participate to the general meeting of the Company. The Norkoin token cannot have a performance or a particular value outside the Norkoin platform. The purchase and use of Norkoin token shall therefore not be done for speculative usage.

 

Any User purchasing any Norkoin token, expressly acknowledge and represent that he/it have carefully reviewed these TC and fully understand the risks, costs and benefits associated with the purchase of Norkoin token as indicated in the TC.

KNOWLEDGE REQUIRED

The User undertakes to purchase Norkoin token in relation to the token sale should ensure that he/it understands and has significant experience of cryptocurrencies, blockchain systems and services, and that he/it fully understands the risks associated with the Token Sale as well as the mechanism related to the use and custody of cryptocurrencies.

 

Norkoin shall not be responsible for any loss of Norkoin token or situations making it impossible to access to Norkoin token, which may result of any actions or omissions of the User or any person undertaking to acquire Norkoin token.

RISKS

Acquiring Norkoin token and store involves various risks, in particular that Norkoin may not be able to launch its operations, develop its platform and provide the services promised. Therefore, and prior to acquiring Norkoin token, any User should carefully consider the risks, costs, and benefits of acquiring Norkoin token within the token sale and, if necessary, obtain any independent advice in this regard. Any interesting person being not in the position to accept nor to understand the risks associated to the activity (incl. the risks related to the non-development of Norkoin network and operations) or any other risks as indicated in the TC, should not acquire Norkoin token, at this stage or ever later.

DISCLAIMER

  1. These TC 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 considered as an offering of securities in any jurisdiction. The TC do not include nor contain any information or indication that might be considered as a recommendation or that might be use to base any investment decision. The Norkoin token is just a currency token and is not intended to be used as an investment.
  2. Any information in the TC is given for general information purpose only and Norkoin does not provide with any warranty as to the accuracy and completeness of this information.
  3. The offering of Norkoin token on a trading platform is done in order to allow the use of the Norkoin platform services and not for speculative purposes.
  4. Employees of Norkoin are allowed to operate with Norkoin token at market price if they are not in knowledge of information that may modify the price of the token.
  5. Norkoin will be an operative entity managing the Norkoin platform. Therefore, Norkoin is not a financial intermediary and is not required to obtain any authorization for Anti Money Laundering purpose.
  6. Regulatory authorities are carefully scrutinizing businesses and operations associated to cryptocurrencies in the World. In that respect, regulatory measures, investigations or actions may impact Norkoin business and even limit or prevent it from developing its operations in the future. Any person undertaking to acquire Norkoin token must be aware that Norkoin business model and the TC may change or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, Purchasers and any person undertaking to acquire Norkoin token acknowledge and understand that neither Norkoin nor any of its affiliate shall be held liable for any direct or indirect loss or damages caused by such changes.
  7. Norkoin will do its best to launch its operations and develop Norkoin platform. Any person undertaking to acquire Norkoin token acknowledge and understand however that Norkoin does not provide with any guarantee that it will manage to achieve it. They acknowledge and understand therefore that Norkoin (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 the Norkoin token, excepted in case of intentional misconduct or gross negligence.

VOLUNTARY KNOW-YOUR CUSTOMER (KYC)

The Company is, as of the date of the Token Sale, not a financial intermediary and is not required to obtain any authorization for Anti-Money Laundering purposes. Notwithstanding the aforesaid, the purchase of the Nurkoin token is conditional upon the positive conclusion of an AML/KYC identification process and the User shall provide to the Company all requested documents and information necessary or useful to the Company to complete the AML/KYC process.

The User accepts that it will not be entitled to purchase the Nurkoin token  in the event that the Company considers that the User does not satisfy the AML requirements set by the Company.

REPRESENTATION AND WARRANTIES

By participating in the Token Sale and by purchasing the Nurkoin token, the User confirms that he/she/it:

  1. Has read and understood the TC and the White Paper and accepts to be legally bound by their terms;
  2. Has sufficient knowledge about the nature of the cryptographic tokens and has significant experience with, and functional understanding of, the usage and intricacies of dealing with cryptographic tokens, cryptocurrencies and blockchain-based systems and services;
  3. is familiar with all related regulations, in particular (but not limited to) in the specific jurisdiction in which the User is based, and has received competent advice that purchasing cryptographic tokens is not prohibited, restricted or subject to additional conditions of any kind,
  4. is entitled to purchase the Nurkoin token in the Token Sale without requiring any local authorization and is in compliance with the local, state, and national laws and regulations when purchasing;
  5. authorized and has full power to purchase the Nurkoin token;
  6. is not a U.S. citizen, resident or entity (i.e. a "U.S. Person") nor is the User purchasing the Nurkoin token on behalf of a U.S. Person;
  7. is not a Chinese resident or entity nor is the User purchasing the Nurkoin token on behalf of a Chinese resident or entity;
  8. will not use the Token Sale for any illegal activity, including, but not limited to, for money laundering and/or financing of terrorism;
  9. is acquiring the Nurkoin token exclusively in order to be able use the Nurkoin token Platform and/or the services available on the Nurkoin token Platform;
  10. he/she/it acknowledges and accepts that the value of the Nurkoin token (if any) over time may experience extreme volatility or depreciate in full; and
  11. is not purchasing the Nurkoin token for the purpose of speculative investment or usage
  12. understand the use of cryptocurrencies and its associated risks.

LIMITATION OF LIABILITY

Norkoin as well as its officers, directors, agents, joint ventures, employees, suppliers and advisors, assumes no liability or responsibility for any loss raised from the token sale, or any technical, interruption or malfunction of the platform.

The limitation of liability set out above shall not be applicable in the event that Norkoin, or a Norkoin -employee has caused the damage by intentional misconduct or by gross negligence.

 

SEVERABILITY

If any of the provisions of these TC or of the Agreement are deemed to be invalid, void or unenforceable, the remaining provisions shall continue in full force and effect.

APPLICABLE LAW AND JURISDICTION

These TC are subject to and governed by Ungarian law to the exclusion of Hungarian International Private Law and any International Treaties. All disputes arising from or under these TC shall be resolved by arbitration in accordance with the Hungarian Rules of International Arbitration of the Hungarian Chambers of Commerce in force on the date when the Notice of Arbitration is submitted in accordance with these Rules. The arbitration panel shall consist of one arbitrator only. The seat of the arbitration shall be Budapest, Hungary. The arbitral proceedings shall be conducted in English.

If you have any questions regarding these Terms, please contact us at info@norkoin.com