Terms and conditions
Please read the following notification properly before taking part in BPM token sale. This notice applies to all persons who read this document. Please note this notification may be changed or updated.
BPM token sale is carried out by LenusChain GmbH, a company that will be incorporated under the laws of Switzerland (hereinafter – the «Seller»). We also draw your attention, that the LenusChain WhitePaper (hereinafter – «WP») does not constitute any relations between youPlease read carefully these terms and conditions, namely all of the following clauses entitled as: «User agreement», «Limitations of use», «Crowdsale terms», «BPM tokens», «Disclaimer of warranties», «Limitation of liability», «Indemnification», «Use of personally identifiable information», «Availability», «Final provisions», and «Company details». If you have any doubts about the actions you should take or something isn’t clear to you, you should consult your personal legal, financial, tax or other professional advisor(s).
The following are terms of a legal agreement (hereinafter referred to as the «Agreement») between you, individually and/or as an agent on behalf of an entity or another registered user (hereinafter referred to as the «User») and LenusChain GmbH, а company to be registered in accordance with the Law of Switzerland (hereinafter referred to as the «Company» or «LenusChain»), separately referred to as «Party», and jointly – «the Parties» that set forth the terms and conditions for using this website at www.lenuschain.io, including any subdomain thereof (hereinafter referred to as the «Site»). This Site is being provided to the User according to the Agreement. By accessing, browsing and/or using the Site, the User confirms that he (she) has read, understood, and agreed to be bound by the terms of this Agreement and to comply with all applicable laws and regulations.
The Company reserves the right to amend this Agreement at any time and will notify the User of any such changes by posting the revised Agreement on the Site. The User should check this Agreement on the Site for changes periodically. All changes shall be effective upon posting. If the User continues using the Site after any changes to the Agreement take place, it means the User accepts such changes. For technical reasons or at the request of regulatory authorities the Company may terminate, suspend, change, or restrict access to all or any part of this Site without liability.
Limitations of use
The copyright on all material of this Site, including, without limitation: the text, data, articles, design, source code, software, photos, images and other information (collectively the «Content»), is held by the Company or by the original creator of the material and is protected by the copyright laws of Singapore or treaties. The User agrees to abstain from copying, reproducing, distributing, republishing, displaying, posting or transmitting in any form or by any means, including, but not limited to, electronic, mechanical, photocopying, recording, or otherwise, without the express prior written consent of the Company. The User confirms that the Content is and shall remain the property of the Company. The User must refrain from participating in the sale or transfer of the Content, in whole or in part. The use of the Content on any other website, including linking or framing, or in any networked computer environment for any purpose, is prohibited without the Company’s prior written approval.
All data obtained from or provided by the Company, regardless of the method of delivery, is strictly forbidden to publish and distribute. Moreover, the User agrees not to use data provided by the Company, regardless of the method of delivery, for any competing purposes, and the User agrees to use such data only for the purpose of purchasing products and services of the Company.
The User agrees to use the Content and the Site only for lawful purposes. The User is prohibited from any use of the Content or the Site that would constitute a violation of any applicable law, regulation, rule or ordinance of any state or locality or of any international law or treaty, or that could lead to any liability under civil or criminal law. Any unauthorized use of the Site, including but not limited to: unauthorized entry into the Company’s systems, misuse of passwords, or misuse of any information posted on the Site is strictly forbidden. The Company makes no statements concerning whether the Content may be downloaded or is appropriate for using at any state of the world. If the User accesses this Site and uses LenusChain products and services from the United States of America, the Republic of Singapore, People’s Republic of China, Hong Kong, Canada, the UK the User is solely responsible for ensuring compliance with the laws of the User’s specific jurisdiction. The User’s eligibility for particular products or services is subject to final determination by the Company.
By transferring crypto assets to the Smart Contract System and the Smart Contract System creating BPM tokens, the User understands and accepts that the User makes a contribution into a Smart Contract System for the development of the LenusChain products and services, as further described in the LenusChain project Whitepaper.
The User is also conscious of the fact, that even if LenusChain products and services are successfully developed and released, partly or in full, there is still a risk they could be fully or partly reformed due to regulatory requirements or force majeure reasons. Therefore, the User understands and accepts that the transfer of crypto assets to the Smart Contract System and the creation of BPM tokens by the Smart Contract System carry significant financial, regulatory and/or reputational risks (including complete loss of value of created BPM tokens (if any), and attributed features of LenusChain products and services).
By purchasing BPM tokens the User also agrees with all of the disclaimer provisions described follows. By transferring crypto assets to the Smart Contract System, the User expressly agrees to all of the terms and conditions set forth in Smart Contract System Code written in the Ethereum-based BPMblockchain and in this document, which is incorporated by reference herein. The User further confirms that he (she) has carefully reviewed the Smart Contract System Code, its functions and the terms and conditions set forth in this document and has fully understood all the risks and costs of creating BPM tokens and contributing into the Smart Contract System for the development of the LenusChain products and services.
In order to further develop the platform, cover marketing, legal support and other expenses and enter the global market as soon as possible the Company is going to raise extra funding by running an ICO campaign. BPM token are infrastructure tokens. In the future, BPM tokens will be necessary for the proper use of some LenusChain products and services. The users will be able to purchase such products as the packages for BPM tokens only. BPM token holders also will perform the roles of node, smart contract designer and/or arbitrator, and receive additional rewards in BPM tokens. BPM token is developed on Ethereum-based blockchain.
Disclaimer of warranties
Neither the Company, nor any of its affiliates, providers or their respective officers, directors, employees, agents, independent contractors or licensors (jointly – the «Affiliates») guarantees the accuracy, adequacy, timeliness, reliability, completeness or usefulness of any of the Content and the Affiliates disclaim liability for errors or omissions in the Content. This Site and all of the Content is provided «as is» and «as available» without any warranty, either express or implied, including the implied warranties of merchantability, suitability for specific purposes in cases where it is impeded by legal regulation in the User’s jurisdiction or force majeure circumstances.
Additionally, there are no warranties as to the results of the User’s application of the Content. The Affiliates do not warrant that the Site is free of viruses or other harmful components, but take all possible measures to prevent their occurrence. This does not affect those warranties which are incapable of exclusion, restriction or modification under the laws applicable to this Agreement.
The Affiliates may make changes in the Content and the Site at any time without prior notice to the User and without any liability to the User. Any dated information is published as of its declared date only, and the Affiliates do not undertake any obligation or responsibility to update or amend any such information. The Affiliates reserve the right to terminate any or all the Site offerings or transmissions without prior notice to the User. This Site could contain technical inaccuracies or typographical errors. Use of this Site is at the User’s own risk.
Limitation of liability
By purchasing LenusChain products and services the User confirms that the User is aware of all the risks associated with cryptocurrency market, its legal regulation in various jurisdictions and understands that the Company is not responsible for the cost of the cryptocurrency the User is dealing with while using LenusChain products and services. Under no circumstances the Affiliates will be liable for any damages including general, special, direct, indirect, incidental, consequential, punitive or any other damages (including, without limitation, lost profits or business interruption) of any kind whether in an action in contract or negligence arising or relating in any way to the use or inability to use by any party of the content, the Site or any third-party site to which this Site is linked, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if the Affiliates, or representatives thereof, are advised of the possibility of such damages, losses or expenses. The Affiliates are not liable for any defamatory, offensive or illegal conduct of the User. The User’s sole remedy for dissatisfaction with this Site is to stop using the Site. If the User uses materials from this Site results in the need for servicing, repair or correction of equipment or data, the User assumes any costs thereof. If the foregoing limitation is found to be invalid, the User agrees that the Affiliates’ total liability for all damages, losses, or causes of action of any kind or nature shall be limited to the greatest extent permitted by applicable law.
The User agrees to indemnify and hold harmless the Affiliates from and against any and all claims, losses, expenses, demands or liabilities, including attorneys’ fees and costs, incurred by the Affiliates in connection with any claim by a third party (including any intellectual property claim) arising out of (i) materials and content the User submits to, post to or transmit through the Site, or (ii) the User’s use of the Site in violation of this Agreement or in violation of any applicable law. The User further agrees that the User will cooperate fully in the defence of any such claims. The Affiliates reserve the right, at their own expense, to assume the exclusive defence and control of any matter that is otherwise a subject to indemnification by the User, and the User will not in any event settle any such claim or matter without the written consent of the Company. The User further agrees to indemnify and hold harmless the Affiliates from any claim arising from a third party’s use of information or materials of any kind that the User posts to the Site.
Use of personally identifiable information