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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).
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.
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 email@example.com