SwitchBIT Legal Disclaimer
SwitchBIT OÜ: SWITCHBIT.EE - LEGAL DISCLAIMER
Company Reg. No.14632927
Virtual Currency License No.: FRK000636
Virtual Exchange License No.: FVR000732
Document last updated 30th July 2019
Please read the following notice carefully before proceeding to read this website and the documents issued by SwtichBIT, a company incorporated and existing under the laws of the Republic of Estonia (hereinafter – the “Company”). This notice applies to all persons who read this document. Please note this notice or website may be altered or updated.
The website does not constitute any relations between you (hereinafter – “you” or “Holder”) and the Company.
Acquiring of Tokens or cryptocurrency is available only after accepting the Terms of Token Sale (hereinafter – “crypto exchange”). Acquisition of Tokens or coins does not present an exchange of any form of ordinary shares of the Company and a Holder of tokens or coins are not entitled to any guaranteed form of a dividend.
SwitchBIT is not intended to constitute securities in any jurisdiction. This website does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
This website is for information purposes only. The contents of this website are not a financial promotion.
Therefore, none of the contents of this website serve as an invitation or inducement to engage in any sort of investment activity.
Prospective acquirers of Tokens or coins should carefully consider and evaluate all risks and uncertainties associated with the cryptocurrencies & digital currencies, SwitchBIT and their respective businesses and operations, the Tokens & coins offered.
Familiarize yourself with all the information set out in this website. Ensure that you are aware of all of them, would be risks prior to obtaining Tokens or coins. We recommend that you seek out independent financial advice before engaging in any sort of business endeavor.
i. Guarantee of income
All expressions, illustrations, and tables for revenues and income used in this document are cited from statistical documentation and do not guarantee any profits.
ii. Ethereum risk
The tokens are issued on the Ethereum blockchain. Thus, functional failure or unexpected operations of the Ethereum protocol may cause the token transaction network to behave in an unforeseen manner.
iii. Risks inherent to issued tokens or coins
Tokens or coins are not a legal currency like US dollars, UK pound sterling, the Euro, or the Japanese yen. In many cases, their value is not guaranteed by any specific individual. Bugs or the like in the program may potentially place inherent risks to the tokens themselves.
iv. Cyber-attack risk
Cyber-attacks may cause leakage of account authentication information and unauthorized transfer of tokens held by clients.
v. Network risk
Token or coin transactions are not settled until sufficient confirmation of the transaction is completed (authentication of a transaction on the blockchain). The transaction, therefore, is pending for a certain duration. Until sufficient confirmation of the transaction is made on the network, the possibility of customer transactions not being reflected the address managed by the customer or being canceled exists. Tokens & coins are electronically recorded and transferred over networks, so their disappearance is a risk.
Blockchain-associated technologies are the target of supervision and investigation from various regulatory institutions worldwide. Regulatory institutions may restrict usage or ownership of tokens, and a consequent impact is possible. Future token usage may also be restricted.
vii. Not an investment
Tokens or coins do not represent, formally or in a legally binding manner, an investment. The goals described in this white paper may change in response to unforeseen matters. Our intent is to achieve all descriptions outlined in this white paper; however, all individuals and parties purchasing tokens shall make judgments under individual responsibility.