The following Terms and Conditions ("Terms" for brevity) shall govern the sale of cryptographic tokens – TechCoin (hereby referred to as "TCI"). The token is managed by TechCoin ("TechCoin Platform" for brevity) to provide the technology software, backing the token and reserve the purchases of the "TCI" to be issued and executed through TechCoin to purchasers of TCI ("Purchasers" collectively, and "Purchaser" individually). This document is not a solicitation for investment to the public and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the Token in which the token (TCI) is sold.
Ownership of TCI Token during the Token Sale carries no rights express or implied. Purchasing of TCI Token are non-refundable. Purchasers should not expect any influence over governance of the platform. By participating in the sale of TCI Token, it is deemed that they expressly acknowledge and represent that they carefully reviewed the Terms and fully understand the costs and benefits of purchasing TCI Token and agree to abide on these Terms. As set forth below, they further represent and warrant that, to the extent permitted by law, they are authorized to purchase TCI Token in their relevant jurisdiction. Further, purchasers should be of legal age and has the capacity to purchase TCI Token, thus, making such transaction as personal and cannot be delegated or transferrable to its parent and affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of TCI or our parent or affiliates and any other member of the TechCoin (collectively the "TechCoin & Members") is liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the sale of TCI Token.
ALSO, IT IS A POLICY THAT A PERSON SHOULD NOT PURCHASE TCI TOKEN IF HE/SHE IS NOT INCLINED/EXPERIENCED IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS.
Moreover, purchasing TCI Token should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, like bitcoin ("BTC"), and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While the TechCoin Team will be available to assist Purchasers of TCI Token during the sale, the TechCoin Team will not be responsible in any way for loss of BTC or TCI Coin resulting from actions taken by, or omitted by Purchasers. Having limited experience or expertise must be consider by not purchasing TCI Token or participate in the sale of TCI Token.
Prior purchasing TCI Token, one must carefully consider the rules indicated herein and must consult an appropriate lawyer, accountant, tax professional or anyone with sufficient knowledge if necessary. It is agreed that by purchasing TCI Token, you are hereby bound not to hold any of the TechCoin Management & Parties liable in cases of losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of TCI Token.
The TechCoin Team requires, for proper operation and/or comprehensive utilization, a cryptographic token. Within the duration of the Token Sale, each purchase of an TCI token is backed by Unified Blockchain Ecosystem. The TechCoin platform develops Blockchain backed by cryptocurrency, and reserves the TCI tokens to be issued to different investors of the TechCoin.
Purchasers in the Token Sale will include TCI in exchange for any fiat currency, BTC, or Ethereum (ETH) as consideration/payment. Purchasers of TCI in the Token Sale will enable them to claim their purchase of TCI Coin from TechCoin once the Token Sale ends. All TCI Token sold in this manner will be INSTALLED in the TechCoin Project’s initial Block -- the initial block of the TechCoin blockchain which constitutes the inception of operation of the system -- which is expected to be created after the token sale ends, although there are no guarantees that this will occur in accordance to such a time-frame. After such time, the TechCoin will allocate the purchased TCI to the corresponding members account on the web site, delivering it to their control.
The start of the public token sale will be announced soon. -- The Token will run in Four (4) Level Bonuses from the 500 million token supplies. The following are the details;
1st Bonus125M Token Sold (25%)
2nd Bonus250M Token Sold (50%)
3rd Bonus375M Token Sold (75%)
4th Bonus500M Token Sold (100%)
The TechCoin reserves the right to extend the sale duration for any reason, or other unforeseen security or procedural issues. The maximum total amount of TCI tokens to be issued is 500 million. The selling will be done after all TCI tokens are sold. Though it does not currently anticipate doing so, the TechCoin also reserves the right to shorten the sale duration for any alternative reason.
Upon purchasing the Token sale, each TCI is backed by Unified Blockchain Project Development. During the duration of the token sale, the price will be at €0.50/token. The token value will be the same value for the TCI Coin (1TKN:1 TCI Coin) from the start of the token sales until the end. The total supply amount of TCI tokens to be issued is 500 million. If the tokens do not sell out, there will be a new token supply of TCI equal to the amount of TCI token sold in the Token Sale. After that, no more coins will be issued.
In the spirit of transparency, the TechCoin will disclose on daily basis, the total number of TCI Token sold, Token Holders and outstanding to enable the Purchaser to develop an understanding of the size of the existing TCI Pool at the time of their TCI purchase.
During the purchase process on the www.tech-coin.io website, the TechCoin Management will provide the members regular updates on the Blockchain Project Development backing each TCI token. Knowledge of the Blockchain Development Project for the Platform does not constitute a purchase receipt or indicate in any way that any party possessing such knowledge has rights to or ownership of the purchased TCI.
TechCoin Management Members Will Not Purchase TCI during Token Sale the TechCoin Team warrants that it will not purchase TCI in its own sale. Furthermore, the TechCoin Management warrants that it will not purchase TCI from any third party, or acquire TCI in any manner, or acquire future control of TCI, during the period of the Token Sale.
ALL PURCHASES MADE DURING THE TOKEN SHALL BE DEEMED FINAL AND THE PAYMENT MADE IS NO LONGER REFUNDABLE. BY PURCHASING TCI, THE PURCHASER ACKNOWLEDGES THAT NEITHER TECHCOIN PLATFORM NOR ANY OTHER OF THE TECHCOIN MEMBERS & PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY TCI THAT IS NOT USED OR REMAINS UNUSED.
Taxation of TCI and Taxation Related to the TOKEN The Purchaser bears the sole responsibility to determine if the purchase of TCI with BTC or the potential appreciation or depreciation in the value of TCI over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing TCI, and to the extent permitted by law, the Purchaser agrees not to hold any of the TechCoin Team & Parties liable for any tax liability associated with or arising from the purchase of TCI.
Although the TechCoin Management requires that Purchasers provide proof of identity for AML and KYC purposes, the TechCoin Team will not publish any identifying information related to an TCI purchase, without the prior written consent of the Purchaser. Purchasers may be contacted thru email by the TechCoin Team regarding a purchase. Such emails will be informational only. The TechCoin Team & Parties will not request any information from Purchasers in an email.
THE PURCHASER EXPRESSLY WARRANTS THAT IN PURCHASING TCI, THE PURCHASER HEREBY ASSUME SOLE RISK AND THAT TCI IS PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE TECHCOIN TEAM & PARTIES WARRANT THAT THE PROCESS FOR PURCHASING TCI WILL BE UNINTERRUPTED OR ERROR-FREE.
THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, TCI OR THE TECHCOIN TEAM & PARTIES UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE TECHCOIN PARTIES SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, TCI. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE TECHCOIN TEAM & PARTIES ARE NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF TCI, AND THAT THE RISK OF PURCHASING AND TCING TCI RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE TECHCOIN TEAM & PARTIES BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAVE PAID TO THE TECHCOIN PLATFORM FOR THE PURCHASE OF TCI. SOME JURISDICTIONS DO NOT ALLOW THE EXCLTCION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLTCION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE TECHCOIN TEAM
The TechCoin Team is not liable for failure to perform solely caused by:
If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the Agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.
These Terms set forth the entire understanding between each Purchaser and The TechCoin Team with respect to the purchase and sale of TCI. For facts relating to the sale and purchase, the Purchaser agrees to rely only on these two documents in determining purchase decisions and understands that these documents govern the sale of TCI and supersede any public statements about the Token sale made by third parties or by the TechCoin Team or individuals associated with any of the TechCoin Team & Parties, past and present and during the Token sale.
The Purchaser and the TechCoin Team agree that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.
The failure of the TechCoin Team to require or enforce strict performance by the Purchaser of any provision of these Terms or the TechCoin Team’s failure to exercise any right under these agreements shall not be construed as a waiver or relinquishment of the TechCoin Team 's right to assert or rely upon any such provision or right in that or any other instance. The express waiver by the TechCoin Team of any provision, condition, or requirement of these Terms shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in this these Terms, no representations, statements, consents, waivers, or other acts or omissions by the TechCoin Team shall be deemed a modification of these Terms nor be legally binding.
The TechCoin Team reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the TechCoin website (https://tech-coin.io/). Any Purchaser will be deemed to have accepted such changes by purchasing TCI. The Terms may not be otherwise amended except in a signed writing executed by both the Purchaser and the TechCoin4 Team. For purposes of this agreement, "writing" does not include an e-mail message and a signature does not include an electronic signature. If at any point you do not agree to any portion of the then-current version of the Terms, you should not purchase TCI.
The TechCoin Team will cooperate with all law enforcement enquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions. In accord with one of the core principles of the TechCoin project — transparency — the TechCoin Team will endeavour to publish any legal enquiries upon receipt.