Terms and conditions

Since the Ofero Token was generated on the ELORND NETWORK BLOCKCHAIN the following Terms and Conditions are consistent with those listed on the ELROND Network. 

This website is operated by OFERO NETWORK S.A. registered in Belize under the registration no. 176718 on 10th of March 2022. This website operates under the regulations of the International Trade Law.

You understand and agree that the Ofero Token is not intended to constitute a digital currency, commodity, security, financial instrument or any other form of investment in any jurisdiction. The terms, the whitepaper, and all other documents linked to the token offer, the acquisition, holding and/or use of tokens do not constitute a prospectus or offering document and are not a solicitation for investment and do not constitute an offer of securities to the public or a collective investment scheme.

You understand that, after the date of the acceptance of these terms, if there are any regulatory actions, or changes to law or regulations imposed which are applicable in relation to participation to the token offer, the acquisition of tokens, and/or the holding and use of token and/or virtual currencies or other tokens: (a) these terms or any other documents may be changed significantly by the company to ensure compliance with such regulatory requirements and (b) the company retains the right to do all that is necessary to be in compliance with such regulatory requirements, including but not limited to ceasing operations (if necessary).

You understand and agree that to the extent that you are not a prohibited investor, it is solely up to you to ensure that no prior or subsequent approval, notification, registration or license is needed to participate in, acquire, hold and/or use coins and the platform. If such is needed, it is solely up to you to obtain such prior or subsequent approval, notification, registration or licence or any other form for the participation in, acquisition, holding and/or use of coins and the platform. And all of this in the country where you are a citizen, national, resident or having a similar connecting factor, or incorporated, registered or effectively managed, and you understand that the company shall not in any way be liable for any non-conformity of the above by you.

Ofero Tokens  do not represent or confer any ownership right or stake, intellectual property rights or any other form of participation relating to the company. Ofero tokens do not give you any entitlement to acquire any such interest or entitlement in respect of the company.

You understand and agree that the company shall not be held liable for any speculative intention by you or from any third parties who attempt to hold the ofero tokens for any other reason.

You understand and agree that Ofero Tokens shall only be acquired from the company by means of the token offer unless otherwise agreed by the parties. Any trading of the Ofero tokens on the secondary market shall be at the sole risk and responsibility of the investor. The company shall not be responsible for any derived risks and losses from such secondary trading on an exchange or the secondary market by the investor.

You hereby warrant that you are not a prohibited investor as defined in these terms and you understand and agree that the Ofero tokens are not available to prohibited investors. The company retains the right not to allow the use of the platform to any prohibited investors.

The company reserves the right to refuse or cancel the Ofero tokens at any moment in time and at its sole discretion. The company may change the rules and the content of the website at anytime at it’s sole discretion.

By using our website or the Ofero tokens , YOU ACKNOWLEDGE THAT YOU HAVE READ AND AGREED TO THE ABOVE LISTED TERMS AND CONDITIONS.

Definition and Interpretation of above TERMS

The following words and phrases, wherever used herein, shall have the following meaning:

Act

The Virtual Financial Assets Act, 2018

Company

Ofero Network SA, a company based in Belize with registration number 176718 as the future issuer of the Ofero Tokens on the Elond Network;

Documents

All documents, annexes and other relevant information regulating the initial minting and allocation of Tokens and/or the use of Tokens including but not limited to the White Paper, the Private Token Offer Agreement, the Public Token Offer Agreement, the Terms, the Privacy Policy and all information made available by the Company on the Website or elsewhere from time to time, and to the extent applicable;

GDPR

General Data Protection Regulation i.e. Regulation (EU) 2016/679 of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (general Protection Regulation);

Investor

Any person (natural or juridical),  who intends to acquire, hold and/or use Ofero Token and uses the Elrond Blockchain;

Prohibited Investor

(i) a natural person wishing to become an Investor and being a citizen, national, resident or having a similar connecting factor to; or (ii) a juridical person wishing to become an Investor and being incorporated, registered or effectively managed and controlled from or in: (a) a country, jurisdiction or territory where where the Token Offer, if applicable, or the holding and use of Tokens and/or virtual currencies or other tokens at any other moment in time is prohibited by laws, regulations or other practices and policies in the said country, jurisdiction or territory, which is taken to include, but is not limited to U.S.A. or any other jurisdictions where the aforementioned are prohibited or in (b) countries, regimes and organizations which are subject to international sanctions issued by the United Nations Security Council, European Union or by the United States of America as updated from time to time and which shall include persons, groups and entities subject to such sanctions. This shall include any person representing or acting on behalf of such restricted Prohibited Investor/s in any manner or capacity whether openly or covertly;

Terms

The terms and conditions governing the acquisition, holding or use of Tokens at any moment in time, as stated herein, which may be updated from time to time;

Website

Shall include any of the website linked to the domain ofero.network and all subdomains of such website or any other website as indicated by the Company from time to time;

Platform

A decentralized platform on the basis of blockchain technology and smart contracts for the purpose of the Project and on which the Coins are utilised;

White Paper

The initial indicative document prepared and issued by the Company, used to explain the Platform, the Project and the use of the Coins to Investors.

The reference to the terms “country”, “jurisdiction” and “territory” may be used interchangeably within the Terms and shall have the same meaning and shall also be taken to include any determinate geographic location to the extent applicable in the Terms.

The reference to the term “holding” used within the Terms with respect to the holding of the Token shall be construed to include holding in any manner including but not limited to ‘ownership’ and ‘possession’, whether in the Investor’s own name or on behalf of others.

The term “use” with respect to the use of Tokens shall be construed to include ‘trade’, ‘barter’, ‘exchange’ or ‘utilizing’ of Tokens in any other manner, whether in the Investor’s own name or on behalf of others.

The term “Wallet” shall be construed to include ‘digital vault’ or other storage mechanism and these terms may be used interchangeably within the Terms.

The terms “you” “your” “he”, “contributor” and “investor” may be used interchangeably within the Terms and shall have the same meaning as the definition of Investor above.

The headings in the Terms are inserted for convenience only and shall not affect its construction.

Where the context so requires, the use of the masculine gender shall include the feminine and/or neuter genders and the singular shall include the plural, and vice versa.