QKIP Terms and Conditions

The following Terms and Conditions rule the sale of QKIP Tokens (publicly known as “QKIP”) by Token Buyers and any allocations of transferable cryptographic blockchain-based digital units called QKIP Tokens.

This document is not an offer, guarantee or promise about how the QKIP Project, or part thereof, will be implemented. This document IS NOT an offer or an invitation to trade shares, securities or rights that are property of the QKIP Project or any company linked to the QKIP Project, i.e. QKIP Pty. Ltd.

  1. Ownership of QKIP Tokens during, before and after the ICO (Initial Coin Offering, also referred to as “crowdsale”) provides no rights expressed or implied.
  2. Token buys in the crowdsale are non-refundable.
  3. Token Buyers have no participation or authority in the governance of the QKIP Platform or the QKIP Project and associated companies.

Participation in the sale of QKIP Tokes implies that Token Buyers explicitly acknowledge and confirm that they have carefully reviewed and agreed to the Terms and Conditions document, and fully understand the costs and benefits of contributing in the crowdsale.

The Token Buyer acknowledges and declares that, to the extent permitted by law, is authorized to invest in the crowdsale in the relevant jurisdiction, and is of a legal age to be bound by these Terms and Conditions. The Token Buyer acknowledges and declares that will not hold the QKIP Project, its associates, and the officers, directors, agents, joint ventures, employees and suppliers of QKIP now or in the future, and any other member of the QKIP Project Team liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the sale of QKIP Tokens.

A Token Buyer in the crowdsale should participate only if proficient in dealing with cryptocurrencies, cryptographic tokens, blockchain based software systems, Initial Coin Offerings (ICOs) and other related activities.

Token Buyers should have practical understanding of storage and transmission mechanisms associated with other cryptographic tokens. The QKIP Project Team will not be responsible in any way for loss of cryptocurrencies, cryptographic tokens of any kind, or resulting from actions taken by, or omitted by Token Buyers.

Before participating in the crowdsale, the Token Buyer should seek advice, as necessary, consult an appropriate lawyer, accountant, or tax professional. In any doubt, the Token Buyer should not participate in the sale.

Participating in the crowdsale, as permitted by law, constitutes an agreement not to hold any of the QKIP Project Team and associated parties liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of QKIP tokens, including losses associated with this Terms and Conditions.

TERMS AND CONDITIONS

Commencement and Duration of Token Sale

The sale start and end dates will be published on the official QKIP website https://www.qkip.io/.

The sale will finish at the designated end date published, or when all QKIP tokens have been sold. Though it does not currently anticipate doing so, the QKIP team reserves the right to shorten the sale duration for any alternative reason.

QKIP Pricing & Issuance

The exact conversions for QKIP tokens will be published on the official QKIP website https://www.qkip.io/. The QKIP Project Team will not make token buys during the ICO.

Refunds

ALL Token buys IN THE CROWDSALE ARE FINAL.

Token buys IN THE CROWDSALE ARE NON-REFUNDABLE, unless the published soft cap was not reached. The value of the soft cap is recorded before the ICO in the official QKIP website https://www.qkip.io/.

Participation in the crowdsale implies that the Token Buyer acknowledges that the QKIP Project Team and associated parties ARE NOT required to provide a refund for ANY reason other than the stated in the previous paragraph.

Taxation of QKIP Tokens and Taxation Related to the ICO

The Token Buyer bears the sole responsibility to determine if the token buy of QKIP Tokens or the potential appreciation or depreciation in the value of QKIP Tokens over time has tax implications for the Token Buyer in the Token Buyer’s home jurisdiction. By purchasing QKIP Tokens, and to the extent permitted by law, the Token Buyer agrees not to hold any of the QKIP Project Team and associated companies liable for any tax liability associated with or arising from token buy in the crowdsale.

Disclaimer of Warranties

THE TOKEN BUYER EXPLICITLY AGREES THAT THE TOKEN BUYER IS CONTRIBUTING IN THE CROWDSALE AT THE TOKEN BUYER’S SOLE RISK. QKIP TOKENS ARE PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.

Limitations Waiver of Liability

THE TOKEN BUYER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS BY THE QKIP PROJECT TEAM & ASSOCIATED PARTIES OF LIABILITY CONTAINED HEREIN, APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO THE PARTICIPATION, OR INABILITY TO PARTICIPATE, IN THE QKIP CROWDSALE, UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION.

THE TOKEN BUYER FURTHER ACKNOWLEDGES THAT THE QKIP PROJECT TEAM & ASSOCIATED PARTIES ARE NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER TOKEN BUYERS IN THE CROWDSALE, AND THAT THE RISK OF PARTICIPATING IN THE CROWDSALE STAYS ENTIRELY WITH THE TOKEN BUYER.

Force Majeure

The QKIP Project Team is not liable for failure to perform caused by: unavoidable casualty, delays in delivery of materials, embargoes,  government orders, acts of civil or military authorities, acts by common carriers, emergency conditions (including weather conditions), or any similar unforeseen event that renders performance implausible.

Complete Agreement

These Terms and Conditions set forth the entire understanding between each Token Buyer and the QKIP Project Team and its associated parties with respect to the sale of QKIP Tokens.

In relation to the sale of QKIP Tokens, the Token Buyer acknowledges and agrees with this document and understands that this document define the Terms and Conditions of the sale of QKIP, and supersedes any statements about QKIP Token sales made by third parties or by the QKIP Project Team or associated parties, during, before and after the ICO.

Severability

The Token Buyer and the QKIP Project Team agree that if any portion of these Terms and Conditions is found unenforceable, in whole or in part, it will not affect the remaining provisions of the Terms and Conditions, which will continue to be in full force and effect.

No Waiver

As explicitly and specifically set forth in this these Terms and Conditions, no representations, statements, consents, waivers, or other acts or omissions by the QKIP Project Team shall be deemed a modification of these Terms and Conditions nor be considered legally binding.

Updates to the Terms and Conditions of the QKIP Token Sale

The QKIP Project Team reserves the right, at its exclusive discretion, to change, modify, add, or remove portions of the Terms and Conditions at any time during the sale by posting the amended Terms and Conditions document on the QKIP website (www.qkip.io/terms & conditions).

By purchasing QKIP Tokens, Token Buyers explicitly accept the then-current version of the Terms and Conditions document available on the QKIP website (www.qkip.io/terms & conditions). If at any point the Token Buyer does not agree to any portion of the then-current version of the Terms and Conditions, the Token Buyer should abstain from buying QKIP Tokens.

UNLESS OTHERWISE SPECIFIED QKIP TOKENS WILL NOT BE REIMBURSED IN THE EVENT THAT THE QKIP PLATFORM IS NOT ULTIMATELY DEVELOPED, OR ITS DEVELOPMENT IS DELAYED OR DOES NOT OPERATE ON A PERMANENT BASIS.

Further Information

For further information regarding the Terms and Conditions visit: www.qkip.io/terms & conditions