This Token Crowd-Sale Agreement (this “Agreement”) is made as of this JANUARY 10th 2018 (the “Effective Date”) by and between yourself (the “User” or “Purchaser” or “You”) and BitConnect.

BitConnect X cryptocurrency is intended to act as an exchange currency that holders will use for exchanging multiple cryptocurrencies. BitConnect X will also allow merchant site transactions with instant payments and fast confirmation times.

All the funds raised at the ICO stage will be used for further coin development and subsequent development of the exchange platform, marketing costs and bonus giveaways.

BitConnect X will use PoW and PoS algorithms to secure the blockchain network

By reading and continuing to use site you agree to the following conditions of use.

• Restrictions

  THIS ICO IS NOT OPEN TO U.S. CITIZENS.DISTRIBUTION IS THEREFORE NOT OFFERED BY THIS WEBSITE TO U.S. CITIZENS, U.S. RESIDENTS. YOU HEREBY AGREE AND COMMIT THAT YOU ARE NOT A U.S. CITIZEN OR U.S. RESIDENT. YOU ACKNOWLEDGE THAT ANY PURCHASE OF TOKENS BY A U.S. CITIZEN, U.S. PERSONIN THIS ICO WILL BE RENDERED NULL AND VOID. IF YOU ARE NOT SURE IF YOU ARE A U.S. CITIZEN OR U.S. RESIDENT, YOU ARE ADVISED NOT TO PARTICIPATE IN THIS INITIAL COIN OFFERING.

  The service is available only to individuals who are at least 18 years old. Bitconnect may, in its sole discretion, refuse to offer the service to any person or entity.

• No Solicitation or Advice

  Neither this website nor any of its contents shall constitute a recommendation, solicitation or offer to buy or sell any securities, assets or other financial instruments or provide any investment advice or service.

  You acknowledge that you are not relying on the Bitconnect or any of its affiliates, or consultants in making an investment decision. Always consider seeking the advice of a qualified professional before making decisions regarding your business and/or investments. Bitconnect does not endorse any investments and shall not be responsible in any way for any transactions you enter into with other members.

• Risk Disclosure

  Virtual currency such as Bitcoin is not legal tender, and is not backed by any government. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange and value of Bitcoin. Transactions in virtual currency such as Bitcoin are irreversible, and accidental transactions may not be recoverable. The volatility and unpredictability of the price of virtual currency relative to the fiat currency may result in significant loss over a short period of time. Any technological difficulties experienced by the Bitconnect system may prevent the access or use of members virtual currency temporarily or permanently, depending on the severity of damage.

  The Purchaser understands and accepts that the creation of BitConnect X is PoW algorithm based and accepts that participating in ICO carries significant financial and/or regulatory risks including complete loss of token value. THE PURCHASER CLEARLY AND EXPLICITLY ACKNOWLEDGES AND ASSUMES THESE RISKS.

• ICO PARTICIPATION AND COIN ALLOCATION PROCESS

  The maximum numbers of Coins allocated for this ICO will be 14,700,000. BitConnect will reserve 2,940,000 coins and 11,760,000 coins will be available for sale over 45 days of the ICO period.

  Delivery of Tokens:
  Within 5 days of a successful ICO, BitConnect will release the BitConnect X coins to the web associated wallets. Coins will be able to be sold on exchanges as soon as their listing is approved.

• PURPOSE AND USE OF TOKENS IN THE ECOSYSTEM; POSSIBLE MIGRATION OF TOKENS

  Purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied, other than the right to use Tokens to enable usage of and interaction with the BitConnect service platform, if successfully completed and deployed.

  BitConnect reserves the right to migrate the BitConnect X to another protocol in the future.

• CANCELLATION; REFUSAL OF PURCHASE REQUESTS

  All Token purchases from the Company are final, and there are no refunds or cancellations except as may be required by applicable law or regulation. BitConnect reserves the right to refuse or cancel Token purchase requests at any time in its sole discretion.

• SECURITY

  The Purchaser is responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism the Purchaser uses to receive and hold Tokens purchased during ICO, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If the Purchaser’s private key(s) or other access credentials are lost, the Purchaser may lose access to the Purchaser’s Tokens. BitConnect is not responsible for any losses, costs or expenses relating to lost access credentials.

• PERSONAL INFORMATION

  We work hard to help keep your account secure and protect your personal information. By joining the Bitconnect community, you agree to use your authentic name and identity on all private records maintained by the system.

  BitConnect may determine, in its sole discretion, that it is necessary to obtain certain information about the Purchaser to comply with applicable laws or regulations regarding selling the Tokens to the Purchaser. The Purchaser agrees to provide such information immediately without delay upon request. The Purchaser acknowledges that BitConnect may refuse to sell the Tokens to the Purchaser until the Purchaser provides such requested information and has determined that it is permissible to sell the Purchaser Tokens under applicable laws or regulations.

• TAXES

  Any amounts that the Purchaser pays for the Tokens are exclusive of all applicable taxes. The Purchaser is responsible for determining what, if any, taxes apply to the Purchaser’s purchase of Tokens, including, for example, sales, use, value added, and similar taxes. It is also the Purchaser’s responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. BitConnect is not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from the Purchaser’s purchase of Tokens.

• PURCHASER REPRESENTATIONS AND WARRANTIES

  • The Purchaser has sufficient understanding of technical and business matters and token storage mechanisms (such as token wallets), and blockchain technology to understand this Agreement and to appreciate the risks and implications of purchasing the Tokens
  • The Purchaser has read and understands the terms and conditions of this Agreement
  • The Purchaser understands the restrictions and risks associated with the creation of Tokens as set forth herein, and acknowledges and assumes all such risks
  • The Purchaser has obtained sufficient information about the Tokens and the Services to make an informed decision to purchase the Tokens
  • The Purchaser understands that the Tokens confer only the right to provide and receive Services, and confer no other rights of any form with respect to BitConnect
  • The Purchaser is purchasing Tokens solely for receiving Services and supporting the development, testing, deployment and operation of BitConnect X, being aware of the commercial risks associated. The Purchaser is not purchasing Tokens for any other purposes, including, but not limited to, any investment, speculative or financial purpose.
  • THE PURCHASER ACKNOWLEDGES AND AGREES THAT THERE ARE RISKS ASSOCIATED WITH PURCHASING OF TOKENS, OWNING TOKENS, AND USING TOKENS FOR THE PROVISION OR RECEIPT OF SERVICES IN THE ECOSYSTEM AS PROVIDED IN SECTION 3 ABOVE.
  • The Purchaser agrees that if the Purchaser’s country of residence or other circumstances change such that the above representations are no longer accurate, that Purchaser will immediately cease using the Services. If the Purchaser is registering to use the Services on behalf of a legal entity, the Purchaser further represents and warrants that: - such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization, and - the Purchaser is duly authorized by such legal entity to act on its behalf.

Contacting Us If there are any questions regarding these terms of service, you may contact us using the information below.
[email protected]