Terms and Conditions for the $KVAI Token Sale
Last Updated: Jan 3
By participating in the $KVAI token sale (“Token Sale”), you (“Participant”) agree to the following terms and conditions (“Terms”). Please read these Terms carefully before participating in the Token Sale.
1. Nature of $KVAI Tokens
1.1 Utility Token: $KVAI tokens are utility tokens designed exclusively for access to the Kvants platform and its associated features. They do not confer any ownership, equity, profit-sharing, or similar rights in Kvants or its affiliates.
1.2 No Security or Investment: $KVAI tokens are not securities, investments, or financial instruments. They are solely intended for use within the Kvants ecosystem to access trading strategies, governance, and other utilities as defined by the platform.
1.3 No Expectation of Profit: The acquisition of $KVAI tokens does not grant any right to participate in Kvants' profits or revenues. Participants should not purchase $KVAI tokens with an expectation of profit or financial return.
2. Eligibility
2.1 Age Requirement: Participants must be at least 18 years old to purchase $KVAI tokens.
2.2 Restricted Countries: Participants from the following jurisdictions are strictly prohibited from purchasing $KVAI tokens:
United States of America
U.S. Territories (including Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and Northern Mariana Islands)
Syria
Iran
Cuba
North Korea
Iraq
Libya
South Sudan
North Sudan
Participants are responsible for ensuring their participation complies with their local laws and regulations. Kvants reserves the right to reject or cancel token purchases from restricted jurisdictions without prior notice.
3. Participant Responsibilities
3.1 Due Diligence: Participants are solely responsible for understanding the functionality, use, and risks associated with $KVAI tokens.
3.2 Compliance: Participants must comply with applicable laws, regulations, and policies, including anti-money laundering (AML) and counter-terrorism financing (CTF) obligations.
3.3 No Resale to Restricted Jurisdictions: Participants agree not to sell, transfer, or provide $KVAI tokens to any individual or entity located in the Restricted Countries.
4. Disclaimers and Risk Acknowledgement
4.1 No Guarantee of Value: $KVAI tokens may not hold any intrinsic value outside the Kvants platform. Kvants does not guarantee the tokens' market value, liquidity, or acceptance by third parties.
4.2 Blockchain Risks: Participants acknowledge the inherent risks of blockchain technology, including security vulnerabilities, technical errors, and regulatory uncertainties. Kvants is not liable for any loss or damage resulting from these risks.
5. Indemnification
Participants agree to indemnify, defend, and hold harmless Kvants, its affiliates, and their respective officers, directors, employees, and agents from any claims, liabilities, losses, or damages arising from their participation in the Token Sale, violation of these Terms, or breach of applicable laws.
6. Termination of Sale
Kvants reserves the right to terminate or modify the Token Sale at any time without prior notice, including to ensure compliance with applicable laws and regulations.
7. Governing Law and Jurisdiction
These Terms shall be governed by and construed in accordance with the laws of BRITISH VIRGIN ISLANDS. Any disputes arising from or related to these Terms or the Token Sale shall be exclusively resolved in the courts of BVI.
8. Miscellaneous
8.1 Severability: If any provision of these Terms is found invalid or unenforceable, the remaining provisions shall remain in full force and effect.
8.2 No Waiver: Kvants’ failure to enforce any right or provision under these Terms shall not constitute a waiver of such right or provision.
9. Acknowledgement and Acceptance
By participating in the Token Sale, you acknowledge that you have read, understood, and agreed to these Terms in their entirety.
For more information, visit: Kvants.ai
Contact: contac@catena.vc
Disclaimer: Kvants does not offer $KVAI tokens in jurisdictions where token sales are restricted. Participants must independently ensure compliance with their local laws before purchasing $KVAI tokens.
