XNY TOKENSALE TERMS AND CONDITIONS.

The CRYPTONITY (XNY) Token buyer understands and agrees that SAS DIGITAL TRADING is not intended to substitute the buyer for the knowledge he or she requires for his or her purchases in the crypto-asset market.

Thus, the buyer of CRYPTONITY tokens commits himself and recognizes to understand the field of crypto-assets, systems developed by SAS DIGITAL TRADING as well as the mechanism of Blockchain and crypto-currencies. It understands the risks associated with the ICO as well as the mechanism related to the use of crypto-assets and, more specifically, CRYPTONITY tokens (including storage).

DIGITAL TRADING WILL NOT BE LIABLE FOR LOSS OF CRYPTONITY TOKEN, PIRACY, AND / OR SITUATIONS INVOLVING THE IMPOSSIBILITY FOR THE PURCHASER TO ACCESS CRYPTONITY TOKENS THAT MAY RESULT FROM ANY ACTIONS OR OMISSIONS OF THE CRYPTONITY PICKER BUYER AND THE USER OF THE SERVICES OFFERED BY DIGITAL TRADING. WHITEPAPER DOES NOT IN ANY CASE CONSTITUTE A PROSPECTUS OR A BID DOCUMENT. IT IS NOT INTENDED TO CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO AN OFFER TO BUY AND / OR SUBSCRIBE. THIS WHITEPAPER IS NOT INTENDED TO CONSTITUTE A SOLICITATION TO INVEST IN TITLES OR ANY OTHER FORM OF INVESTMENT PRODUCTS. WHITEPAPER, IN WHOLE OR IN PART, AND THE COPY OF IT, SHOULD NOT BE TAKEN OR TRANSMITTED TO ANY COUNTRY WHERE THE DISTRIBUTION AND DISSEMINATION OF WHITEPAPERS IS PROHIBITED OR RESTRICTED.

    Before you purchase the XNY token

  • You should have functional knowledge on the workings of cryptographic tokens and Ethereum based blockchain software.
  • Make sure that you have read through and understood the set Terms and Conditions. You may choose to go through this document with your lawyer, accountant or tax professional who can elaborate on the implications of this document.
  • You must have functional knowledge on how cryptographic tokens are stored, traded and transmitted. The company will not be held liable for losses or damages directly resulting from ignorance of the buyer.
  • Should you lack adequate knowledge in the aforementioned, kindly refrain from participating in the XNY token sale.
  • Only buy the XNY token if the purchase of cryptographic tokens is not prohibited in your country. The Company will not be liable for any losses, injury or damages resulting from contravening your country’s laws in relation to dealing in cryptographic tokens. .
  • You decision to purchase the XNY token should not be as a result of coercion or persuasion by any member of the Company, but it should be the result of your own judgment and evaluation of the potential value of the XNY token.
  • You must have adequate knowledge on the potential risks associated with cryptographic tokens and their implications to you as a potential buyer. Consequently you agree to undertake all the inherent risks involved plus those outlined in Annex A of this document.
  • You are aware that you will be required to submit your personal information to the company on demand. This information may include your photo, email and physical address, phone number and credit card details, but is not limited to these. All the information that you submit to us needs to be accurate and true to the level your knowledge.
  • In the event that you change any of the information submitted to us, you agree to notify us accordingly so we can update our records.
  • To participate in the XNY token sale, you need to have attained the legal adult age as is required in your country.
  • You cannot participate in the XNY token sale if you are a citizen of the United States of America, a resident, and/ or a tax resident of the USA (including all territories of this country).
  • You are aware of the volatility associated with cryptographic tokens and are aware that this is not a conventional investment vehicle. It is unregulated and very susceptible to market forces.
  • You are not involved in any illegal or money laundering activity. You will also not use the XNY token for any illegal or money laundering activity nor will you engage with anyone involved in the said activities using your XNY tokens.
  • The company acts in utmost good faith; however it does not guarantee the success of this project or the anticipated value or usability of the XNY token.
  • The XNY token is being sold on an “AS IS “and “UNDER DEVELOPMENT” basis.
  • You undertake to bear full responsibility for the purchase, ownership, transfer and storage of the XNY token.

THE XNY TOKEN SALE

The XNY token will be required for transactions in the Cryptonity platform as outlined in the Cryptonity white paper. The rights connected to the XNY token are as outlined in the white paper, but should not contravene the Terms and Conditions stipulated in this document. The rights will also not create extra obligations to the Company outside of what is stipulated in the Terms and Conditions. The company retains the sole right to control the purchase or sale of underlying assets. The Company has the right to make changes to the underlying asset in such a case where the company could be adversely affected or when it makes sense from a legal or regulatory perspective.

    Token Symbol: XNY
    Token Type: ERC20
    Total Token Supply:100,000,000
    Token Price: 0.23 $ XNY
    Minimum Transaction: 0.05 ETH
    Minimum Goal: 500.000 $
    No new tokens will ever be created.
    All unsold tokens will be destroyed.
Token Application
Soft & Hard Cap Soft Cap 500.000 $ Hard Cap 20.120.000 $
Public Sale Phase 1 10 MM tokens + 50 % bonus = 15 MM tokens Token Price: 0.23 $ Total sale Phase 1: 2.300.000 $
Public Sale Phase 2 20 MM tokens + 30 % bonus = 26 MM tokens Token Price: 0.34 $ Total sale Phase 2: 6.800.000 $
Public Sale Phase 3 19 MM tokens + 0 % bonus = 19 MM tokens Token Price: 0.58 $ Total sale Phase 3: 11.020.000 $
Insurance 7.000.000 Tokens
Airdrop & Bounty 10.000.000 Tokens
Team 20.000.000 Tokens
Advisors 3.000.000 Tokens
Total Token Supply (100%) 100.000.000 Tokens
TOKEN SCHEDULE
Public Sale Phase 1 1/11/2018 to 30/11/2018 (50% Bonus)
Public Sale Phase 2 1/12/2018 to 15/12/2018 (30% Bonus)
Public Sale Phase 3 15/12/2018 to 31/12/2018

FUNDS ALLOCATION

Development and support (60%)

Marketing and Promotional (20%)

Emergency reserve insurance. (10%)

Team Advisors and Partners (10%)

1. GENERAL INFORMATION.

The CRYPTONITY token will not be legally considered as a security as it does not give any dividend, interest, profit sharing or other remuneration. Also, CRYPTONITY tokens will not be considered shares because they do not give access to ordinary or extraordinary general meetings of SAS DIGITAL TRADING. Sale of CRYPTONITY Tokens is final and non-refundable if the Soft Cap is achieved. The CRYPTONITY Token Buyer understands that CRYPTONITY Tokens issued by DIGITAL TRADING operate in a decentralized and unregulated market. The information delivered by DIGITAL TRADING, ICO and CRYPTONITY tokens, and the purchaser of such tokens understands that no specific European regulatory framework regulates this activity. As a result, the buyer is aware that, when buying CRYPTONITY tokens, he does not benefit from legal and / or regulatory protection. Anyone purchasing CRYPTONITY Tokens understands, accepts and acknowledges that he / she has carefully reviewed this whitepaper and fully understands the risks, costs and benefits associated with the purchase of CRYPTONITY Tokens as well as the services offered by DIGITAL TRADING.

2. RISKS.

2.1 General information on the risks related to crypto-assets.

2.1.1 Risks related to trading or holding of crypto-assets.

The buyer acknowledges and understands that crypto-asset markets are decentralized and unregulated markets. The CRYPTONITY tokens issued and the services offered by DIGITAL TRADING therefore relate to unregulated markets that are not governed by any specific European framework. In other words, and in contrast to "traditional" financial assets, the Central Bank cannot take corrective measures that could protect the value of crypto-assets in a crisis or issue more assets on the markets. Crypto-asset markets are determined by supply and demand. These markets are dynamic markets and the corresponding prices are often extremely unpredictable and volatile. Crypto-asset prices are generally not transparent, highly speculative and likely to be manipulated by the market. In the worst case, the asset may be reduced to zero. Also, the buyer of CRYPTONITY tokens and the user of the services offered by DIGITAL TRADING acknowledges that crypto-assets, because of their lack of regulation, are likely to be misused for illegal activities because of the anonymity of the transactions. Law enforcement agencies and financial market regulators are therefore likely to investigate alleged illegal activities which could be detrimental to the buyer and / or the user. As a result, crypto-assets must be considered as an extremely high risk asset and the buyer will always have to buy with the awareness and understanding that he may lose these funds. The purchase of crypto-assets is not suitable for everyone. The buyer therefore understands that he must not buy CRYPTONITY tokens unless he has the necessary knowledge and expertise, to understand the characteristics of the token, the ICO, the whitepaper and his exposure to risk. The buyer of the CRYPTONITY tokens and the user of the services offered by DIGITAL TRADING understands and accepts that DIGITAL TRADING and this whitepaper are not intended to substitute the buyer and the user for the knowledge that they must have. for the purchase of CRYPTONITY tokens. Indeed, the buyer recognizes that the risk of loss in the purchase of crypto-assets can be considerable. It must therefore carefully consider whether the purchase on this type of market is appropriate in view of its situation and its financial resources. The buyer understands that a total loss of chips is possible.

2.1.2 Risks related to Blockchain.

Blockchain is an independent public peer-to-peer network emancipated from any European legislation or regulation. Buyer understands that errors, faults and / or violations may occur in the Blockchain and may result in the loss of purchased CRYPTONITY Tokens. Also, the purchaser understands that he is bound and subject to any change and / or modification in the Blockchain system and is subject to any applicable law that may apply to the Blockchain. If DIGITAL TRADING can provide information regarding legislative and regulatory changes that may occur, DIGITAL TRADING is not intended to inform on the subject and gives no warranty, express or implied, statutory or otherwise, concerning the features, legislation in force and / or security in the Blockchain.

2.2 Specific information on the risks related to XNY tokens.

The acquisition and storage of CRYPTONITY tokens involves various risks. Among these, DIGITAL TRADING, may not be able to launch its operations or projects including the development of its platform or the services promised in this Whitepaper. As a result, and prior to acquiring CRYPTONITY Tokens, any user acknowledges that they have fully considered the risks, costs and benefits of acquiring CRYPTONITY Tokens, the ICO Context and, if necessary, obtaining the advice of a professional specialist on this subject. Any interested person not being able to accept or understand the risks associated with the activity (including the risks related to the non-development of the platform by DIGITAL TRADING) or any other risk as indicated in Article 2.1 above).

2.2 Important Warning on the Whitepaper and the Business Model.

This Whitepaper should not be considered as an invitation to invest. It does not constitute or relate in any way to an offering of securities. This whitepaper does not include or provide any information or indication that could be considered by the buyer as a recommendation or incentive to invest. CRYPTONITY tokens are just utility chips and therefore can only be used on the platform (s) developed by DIGITAL TRADING and are not intended for investment. In addition, DIGITAL TRADING should not be considered as a legal, tax or financial advisor. All information provided in this whitepaper is for general information only and DIGITAL TRADING makes no warranty as to the accuracy and completeness of this information. The acquisition of CRYPTONITY Tokens does not confer any rights on the activities of DIGITAL TRADING. CRYPTONITY Token Buyer understands and accepts that national regulators can scrutinize companies and operations associated with crypto-assets around the world. As a result, regulatory measures, investigations and actions may affect the business of DIGITAL TRADING and even limit or prevent its development. The buyer understands the economic model of DIGITAL TRADING and that, in the future, the whitepaper and the economic terms may change due to new regulatory requirements. In this case, the CRYPTONITY Token Buyer acknowledges and understands that DIGITAL TRADING cannot be held responsible for any loss or damage, direct or indirect, as a result of such changes. These factors of change include, among others:

  • A change in the political, social, economic and market conditions of the crypto-asset market as well as a change in the regulatory environment in the countries in which DIGITAL TRADING conducts its operations and activities.
  • The risk that DIGITAL TRADING may be unable to execute or implement its commercial strategy and its future development.
  • Changes in interest rates and / or exchange rates of fiduciary currencies and crypto-assets.
  • Anticipated change in growth strategy and expected organic growth.
  • A change in the availability and fees payable to DIGITAL TRADING in connection with its business and operations.
  • A change in the availability and salaries of employees that are required by DIGITAL TRADING to operate its business and implement its operations.
  • A change in competitive conditions in which DIGITAL TRADING is evolving.
  • A change in the capital requirements of DIGITAL TRADING as well as the availability of financing.
  • War or acts of national and international terrorism.
  • The occurrence of catastrophic events, natural disasters or other events outside DIGITAL TRADING.
  • Other factors beyond the control of DIGITAL TRADING.

DIGITAL TRADING will do its utmost to launch its operations and develop its platform. The CRYPTONITY Token Buyer understands that SAS DIGITAL TRADING does not provide any warranty on the purposes it wishes to achieve. Consequently, SAS DIGITAL TRADING, its organs and its employees are not responsible for any loss or damage resulting from the inability to use the CRYPTONITY tokens, except in case of willful misconduct or negligence on the part of DIGITAL TRADING. Thus, the buyer understands and agrees that nothing in this whitepaper is or can be considered a promise or commitment to the performance or future policies of DIGITAL TRADING.

3. WARRANTIES.

By participating in the ICO, the buyer understands and accepts the foregoing and in particular, he guarantees:

  • Have read carefully and accept the entire contents of the whitepaper.
  • Have the authorization and the full powers to purchase CRYPTONITY tokens through an ICO according to the laws that apply in the territory of his domicile.
  • Reside in a jurisdiction allowing DIGITAL TRADING to sell CRYPTONITY tokens through an ICO without requiring authorization by the competent jurisdictions of the place of its domicile.
  • Do not use the ICO for illegal activities such as (but not limited to) money laundering and terrorist financing.
  • Have sufficient knowledge of the nature of CRYPTONITY tokens and have a significant understanding and experience with crypto-asset and Blockchain-based systems.

IN CASE OF DOUBT REGARDING THE PURCHASE OF CRYPTONITY TOKENS, YOU MUST CONSULT A LEGAL, FINANCIAL, TAX ADVICE OR ANY OTHER COMPETENT PROFESSIONAL.

4. SEVERANCE OF THE AGREEMENT.

Should any part of this document lose validity or become unenforceable, it will be severed from this document to the extent that it does not affect the remaining part of the document. Consequently, the remaining parts of this document will remain as is and will continue to be enforced.

5. REVISION OF TERMS.

The right to make amendments on this document during the sale of the token rests solely on the company. The company may from time to time post updates on the website when such amendments are made. By buying the XNY token, it will be assumed that the buyer agrees to all the Terms and Conditions. However, once the purchase has been made, this agreement cannot be altered without the mutual consent of the buyer and the company.

6. ANTI MONEY LAUNDERING POLICY.

The Company reserves the right to conduct a thorough Know Your Customer (KYC) on any user before, during and after the ICO. The company is also mandated to conduct due diligence on any user in case of suspicious activity. In case a user is found to be involved in any money laundering, counter terrorism financing or any other such activity, the Company will be at liberty to terminate the user’s account and withdraw all the Cryptonity services being enjoyed by this user. This is together with other actions that may be taken by the Company against the user. The company is subject to international economic sanction requirements. You will not be able to participate in the XNY token sale in case you are on the sanction list or intend to use the XNY token in association with anyone listed on the sanctions list.

7. COOPERATION WITH LEGAL AUTHORITY.

The company has all intentions to fully cooperate with all law enforcement subpoenas or demands to produce your personal information, as long as they can prove authenticity and are relevant to the jurisdiction.

8. INDEMNIFICATION

The buyer agrees to fully indemnify the Company from claims, losses, damages and fees occasioned by the purchase and use of the XNY token, unless otherwise specified by law. The company shall also exercise the right to indemnify itself under any such circumstances. This indemnity is in addition to any other indemnities laid out in the written agreement between the company and the buyer of the XNY token.

9. SECURITY OF YOUR XNY TOKEN

You are fully responsible for the storage and security of your wallets, cryptographic keys or any other gateway through which your XNY tokens may be accessed. When a breach occurs, you shall be fully responsible for any losses or damages and the company will not be liable for any losses resulting from this.

10. COOKIES

Our website uses cookies, which are bits of information transferred to your computer’s hard disk that will help us track your browsing patterns. This is all with the intention to help us serve you better. Each time you visit our website, the cookie will be enabled. Feel free to disable this feature.

11. LANGUAGE

The website is currently available in English, French and Chinese. Official communication will be available in English and in case of any translation differences, the English translation will override.

12. FURTHER INFORMATION.

For further information on our Terms and Conditions and Privacy policy, feel free to contact us via [email protected]

ANNEX A RISKS ASSOCIATED WITH THE PURCHASE OF THE XNY TOKEN.

By purchasing the XNY token you will be exposed to certain risks outlined below, and some others not mentioned here. By making this purchase you will be consenting to undertaking the following risks if and when they occur:

  • You will require a private key or a set of keys to access your XNY tokens. Any losses resulting from the breach to the confidentiality of these keys will solely rest on you. Any losses resulting from malfunctions or errors in the vault or wallet where you choose to store your XNY tokens will be your responsibility. Any loss resulting from your failure to follow directions such as when purchasing or receiving tokens will rest on you. The company shall not share in this liability.
  • Risks associated with the Ethereum blockchain. The XNY token is currently built on the Ethereum blockchain. Any malfunctions on this protocol may have adverse effects on the use or functioning of the XNY token.
  • Risk of extreme price volatility of the XNY token. Cryptographic tokens are known to experience extreme price volatilities over a short duration of time, XNY token may not be an exception to this.
  • Mining attacks.As with other cryptographic tokens, the XNY token is susceptible to attacks by miners while validating transactions on the blockchain.
  • Hacking and compromise of security. The company is based on open source software and this may present an opportunity for hacking or intentional introduction of a weakness into the core infrastructure of the platform.
  • Risks associated with markets for the XNY token.
  • Risks associated with breach of privacy. If a third party agent gains access to buyer’s email, they may be able to access the account or web wallet of the buyer.
  • Risk of uninsured losses.
  • Risk of government interference in the technology supporting the XNY token. This also involves risks associated with government regulatory policies that affect cryptographic tokens.
  • Risks associated with over taxation by government agencies.
  • Risk of emerging competition and market disruptors.
  • Risks associated with changes in policies governing the XNY token value and utilization.
  • Other unforeseeable risks associated with the underlying technology and other factors.

For further information please contact us at [email protected] We welcome questions, comments and suggestions from our esteemed customers.