PREDIX.NETWORK

GENERAL DISCLAIMER

All the information on this website - https://predix.network/ - is published in good faith and for general information purpose only. Predix Network does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (Predix Network), is strictly at your own risk. Predix Network will not be liable for any losses and/or damages in connection with the use of our website. From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'. By using our website, you hereby consent to this disclaimer and agree to its terms.

Token Use Agreement


This Token Use Agreement (the “Agreement”) summarizes the principal terms proposed by Predix Network (the “Team”), regarding the use of digital tokens which are ruled by its Ethereum Contract code and used by You (the “User”).
Please read carefully this Agreement before using/staking Predix Tokens (PRDX), as it affects your obligations and legal rights, including, but not limited to, waivers of rights and limitation of liability. If you do not agree with this Agreement, you shall not use/stake Predix Tokens (PRDX). By using/staking Predix Tokens (PRDX), you will be bound by this Agreement, thus your use/staking process of Predix Tokens (PRDX) is subject to this Agreement.

1. REPRESENTATIONS AND WARRANTIES

By signing this Agreement and/or by using/staking Predix Tokens (PRDX) hereunder, the User represents and warrants that:
(a) he/she is of an age of majority to enter into this Agreement, meets all other eligibility and residency requirements, and is fully able and legally competent to agree on the terms, conditions, obligations, affirmations, representations and warranties set forth herein; (b) he/she has an in-depth knowledge and deep understanding of the cryptoassets market, Blockchain-based systems and cryptocurrencies; (c) he/she is aware of and knows how to manage all the merits, risks and any restrictions associated with crypto market, Blockchain-based systems and cryptocurrencies; (d) he/she understands that crypto market is highly speculative and volatile in nature and that this Agreement is in no way an investment advice or an offer to invest; (e) he/she agrees and acknowledges that Predix Tokens (PRDX) are not to be construed, interpreted, classified or treated as: any kind of currency other than cryptocurrency; debentures, stocks or shares issued by any person or entity; rights, options or derivatives in respect of such debentures, stocks or shares; rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; units in a collective investment scheme; units in a business trust; derivatives of units in a business trust; or any other security or class of securities.

2. ACKNOWLEDGMENT AND ASSUMPTION OF RISKS

By signing this Agreement and/or by buying/staking Predix Tokens (PRDX) hereunder, the User represents/warrants and accepts that:
(a) there are certain risks associated with purchasing and/or staking Predix Tokens (PRDX), holding Predix Tokens (PRDX), and using Predix Tokens (PRDX). By purchasing and/or staking Predix Tokens (PRDX), the User expressly acknowledges and assumes such risks, including, but not limited to, risk of losing access to tokens due to loss of password(s), risk of cyber-attacks, risk of hacking and security weaknesses, risk of the token code being exploited somehow, risks associated with markets for tokens, etc. (b) that the Predix Network concept is still in a development stage and is yet to be proven. Thus, there is no warranty that the process of staking Predix Tokens (PRDX) will be uninterrupted or error-free and there is an inherent risk that the Predix website might contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of funds and/or Predix Tokens (PRDX). (c) that the Blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing Blockchain technology-based applications, which may be contrary to the current setup of the Predix Network and which may, inter alia, result in substantial modifications of the Predix Network and/or the Predix Token (PRDX), including its termination and the loss of Predix Tokens (PRDX) for the User. (d) there is always a possibility of change of token regulations across the world, including, but not limited to, possibility of token bans in particular jurisdictions, and thus the Team cannot be responsible for these regulatory changes, as well as cannot guarantee any refunds and cancellations in such event.

3. DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY

The Predix Tokens (PRDX) are to be provided on an “as is” basis and without any warranties of any kind, either expressed or implied. The User assumes all responsibility and risks with respect to the purchase/use of any amount of the Predix Tokens (PRDX). The User hereunder expressly agrees that, to the extent allowable by applicable law, the Team shall not be held liable to and shall not accept any liability, obligation or responsibility whatsoever for any change of the value of the Predix Tokens (PRDX). The User understands and expressly agrees that the Team shall not guarantee in any way that the Predix Tokens (PRDX) will be ready for sale or transfer to third parties during or after the Staking process. The User understands and agrees that it is his/her obligation to ensure compliance with any legislation relevant to his/her country of domicile concerning the purchase/use of the Predix Tokens (PRDX), and that the Team should not accept any liability for any illegal or unauthorized purchase of the Predix Tokens (PRDX). The User agrees to be solely responsible for any applicable direct or indirect taxes, duties, levies imposed on the acquisition, ownership and subsequent transfer of Predix Tokens (PRDX).

4. INDEMNIFICATION

To the extent allowable pursuant to applicable law, the User shall indemnify, defend, and hold the Team and/or its subsidiaries, affiliates, directors, officers, employees, agents, successors, and permitted assignees harmless from and against all claims, damages, losses, suits, actions, demands, proceedings, expenses, and/or liabilities (including but not limited to reasonable attorneys’ fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against the User arising out of a breach of any warranty, representation, or obligation hereunder.

5. JURISDICTION AND DISPUTE RESOLUTION

All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the laws of Brazil. Any controversy or claim arising out of or relating to this Agreement or the breach thereof, shall exclusively be settled by the International Arbitration and Cryptography Centre Limited (hereinafter – “IACC”). The number of arbitrators shall be one. The seat, or legal place, of arbitration shall be London, England. The language of the arbitration shall be English. The hearings will be held online in accordance with IACC Rules.

6. MISCELLANEOUS

No provision of this Agreement shall be considered waived unless such waiver is in writing and signed by the party that benefits from the enforcement of such provision. No waiver of any provision in this Agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of this Agreement will not in any way affect, limit, or waive a party’s rights hereunder at any time to enforce strict compliance thereafter with every term and condition hereof. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Team may assign the Team’s rights and obligations under this Agreement. Any notice or other communication given or made under this Agreement shall be and may be delivered in electronic form. The Team shall in no way be liable for any delay or failure to perform any obligations under this Agreement as a result of a cause beyond the Team’s reasonable control. This Agreement and the purchase/use/staking of Predix Tokens (PRDX) by the User shall in no way create any exclusive relationship between the User and the Team nor any partnership, joint venture, employment or agency.

Any doubts, please use the contact form on the main website page or send an email directly to team@predix.network