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TJNT GLOBAL LTD. (hereinafter the “Company”) complies with the provisions on the protection of personal information under pertinent laws and regulations including the Personal Information Protection Act and is doing its utmost to protect the rights and interest of the service users by establishing the Privacy Policy in accordance with other applicable law.
The company collects the minimum required personal information for membership to use the services. In collecting personal information of service users, the company will inform the users in advance and get their consent beforehand.
| Classification | Items to be collected |
|---|---|
| General membership | email, password, mobile phone number |
| KYC/AML verification | Name, Email, mobile phone number, address, a copy ID, Personally identifiable image |
| Classification | Purpose of use |
|---|---|
| Classification of members |
|
| Service delivery |
|
Service quality improvement |
|
| Act | Item to be collected | Period of retention |
|---|---|---|
| Protection of Communications Secrets Act | Login history | 3 months |
| Service | Third party receiving personal information | Items to be provided | Period of use |
|---|---|---|---|
| KYC/AML verification | Dow Jones | Name, Email, mobile phone number, address, a copy ID, Personally identifiable image | 2018.10.0 2 ~ 2018.12.31 |
| Entrusted company | Purpose of outsourcing | Period of personal information use |
|---|---|---|
| Dow Jones | KYC/AML verification | 2018.10.02 ~ 2018.12.31 |
The company destroys the personal information of users without delay once the acquisition and utilization of the personal information is achieved. However, some of the personal information shall be held for the specified amount of time and destroyed later in accordance with pertinent laws and regulations.
Personal information stored in an electronic file format is completely deleted, using technique that can not be played electronically. In the case of other records, printed matter, and written documents, it is shredded through a shredder or destroyed by incineration.
The company protects the rights and interests of service users as follows:
The company provides technical, administrative and physical measures to prevent loss, theft, leakage, forgery, alteration or damage of personal information of service users.
The company has appointed the personal information protection manager as described below for protecting the personal information of service users and handling of queries and complaints concerning personal information. The company will reply to queries from the service users with haste at any time.
[Person in charge of Personal Information Protection]
This Privacy Policy shall be effective as of October 2, 2018.
The purpose of this Terms of Service is to prescribe the rights, obligations, duties and other necessary matters of TJNT GLOBAL LTD. (hereinafter the “Company”) and the members concerning the conditions and procedures to use Every Media blockchain Platform (hereinafter the “EMP”) ICO-related services (hereinafter the “Service”).
As used in this Terms of Service, the following terms shall have the respective meanings set forth below:
In addition, the company may restrict the use of the nickname when the company deems necessary at the company’s reasonable decision.
The company shall strive to protect the member’s personal information pursuant to the ‘Act on Promotion of Information and Communications Network Utilization and Information Protection’, ‘Privacy Protection Act’. and other pertinent laws and regulations. The company's Privacy Policy shall apply to the protection and use of personal information.
However, the company's Privacy Policy does not apply to any hyper-linked website other than the official website of the company.
In the case of company receives an application for withdrawal from the membership, company refunds the purchase price of paid contents within 3 business days (within 3 business days from confirmation of receipt if confirmation of payment is necessary) only if the content is not a content that cannot be withdrawn for any reason specified in Clause 1, 2 of Article 25. If the company delays the refund, it shall pay the estimated delay interest by multiplying the rate prescribed by the ‘Act on Consumer Protection in the Electronic Commerce Transactions, Etc.’ for the delay.
This Terms of Service shall be effective as of October 2, 2018.
Last Update: October 22, 2018
* Important Notice
Please read these terms of EVE Token Sale carefully. Note that this agreement contains provisions which affect your legal rights. Note that Article 14 contains a binding arbitration clause and a class action waiver. TJNT Global LTD. recommends you consult a legal, financial, tax or other professional advisor for further guidance prior to participating in the EVE Token Sale.
It is mandatory for you to accept these Terms in order to participate in the EVE token Sale. By registering on Every Media blockchain Platform (hereinafter referred to as the “EMP”) whitelist and/or by making a contribution to EMP for the purchase of EVE tokens during the Token Sale, you will be bound by these Terms and all terms incorporated herein by reference. If you do not agree with these Terms, do not register on the whitelist and do not purchase EVE tokens. TJNT Global LTD. does not recommend purchasing EVE tokens for speculative or investment purposes.
Your (the “User(s)”, “You”, “Purchaser(s)”) purchase of EVE tokens (as defined below) during the EVE Token Sales (as defined below) from EMP, organized and existing under the laws of Singapore (“we”, “our”, “TJNT Global LTD.”, “Every Media Platform”, “Every Media blockchain Platform”, “EMP”), being the issuer and seller of EVE tokens, is subject to these Terms of EVE Token Sale (the “Terms”). Each of you and EMP may be referred to herein as the “Party”, and together as “Parties”. These terms, “Every Media Platform”, “Every Media blockchain Platform”, “EMP”, “we”, “our” and “TJNT Global LTD.”, as used herein, also refer to other entities within EMP group of companies, including entities which develop, maintain and operate EMP.
If you have any questions as to these Terms, please contact TJNT Global LTD. at [email protected].
EVE tokens are not intended to be a digital currency, security, commodity, bond, debt instrument or any kind of financial instrument or investment carrying equivalent rights, nor are EVE tokens intended to represent any form of money (including electronic money) or legal tender in any jurisdiction, nor any representation of money (including electronic money). Accordingly, any protections offered by the applicable law in relation to the purchase, holding and(or) sale of the instruments and(or) investments referred to in this clause shall not apply to any contribution made under these Terms for the purchase of tokens or to your holding or sale of tokens.
North Korea and Singapore citizens, residents and U.S. persons (as determined in the terms of use of the website incorporated herein) are strictly prohibited from participating in the EVE Token Sale due to various taxation and regulatory issues and may not purchase EVE tokens neither during the Token Sale, nor on the cryptocurrency exchange, unless otherwise expressly directed.
In the case of membership, once your email address, password and mobile phone number of the above-mentioned information are submitted, TJNT Global LTD. will process them and send a confirmation to your email address. You will need confirm an email with a unique link that TJNT Global LTD. sends to your email address. TJNT Global LTD. will inform you the successful completion of the membership.
In case of KYC/AML verification, when you submit your name, address and your country of residence, postal address, date of birth, and facial recognition image along with a scanned copy of documents that identifies you of the above-mentioned information, TJNT Global LTD. will submit it to a trusted agency and proceed with KYC/AML verification. The result of KYC/AML verification will be provided on the “My Page” of the website, and your participation in ICO may be restricted depending on the result.
The minimal aggregate cap for the Token Sale is 110,000ETH (the “Soft Cap”) and the maximum cap (the “Hard Cap”) is adopted by applying a sperate hard cap for each stage of the ICO, and the hard cap for each Token Sale is as follows.
TJNT Global LTD. shall be selling EVE tokens in accordance with these Terms and such sale (the “Token Sale”) shall commence on the 17th day of September 2018, at approximately 8:00 AM, UTC, and shall end (the “End of the Token Sale”) on satisfaction of one of the following conditions (“whichever is the earlier”).
Token Sale is valid in the case of the total amount received by the TJNT Global LTD. reaches the hard cap, defined as each stage of the ICO; or until the end of the Sale period for each stage of the ICO.
The amount of EVE tokens available in the Token Sale and the quantity of participants of the Token Sale shall be determined by TJNT Global LTD. in its sole discretion before the commencement of the Token Sale based on its materials and other circumstances related to the Token Sale.
The price of 2,200 EVE tokens is 1 ETH (“the price is different for each stage of the ICO”). You can only make contribution in Ethereum (ETH) during the Token Sale. The minimum purchase requirement for participation in the Token Sale, is 4.54 ETH with no rounding shall be made.
During the Token Sale, you will be able to purchase EVE tokens within the limits stated during the Token Sale process and at the price specified above. In order to provide each of the participant with an actual possibility of purchasing EVE tokens and to avoid “gas war”, the amount of contribution for each purchaser (the “Purchase amount”) shall be limited as follows.
The amount of restricted contribution during the Token Sale for each participant is as follows.
You must transfer the Purchase Amount in ETH to the address of EMP’ smart contract. Make sure to use the exact address for sending ETH during the Token Sale. In case you participate in the Token Sale, the contributions must be received by TJNT Global LTD. before the end of the Token Sale. If TJNT Global LTD. has not received the contributions in accordance with these Terms before the end of the Token Sale, TJNT Global LTD. reserves the right to void your contribution and refuse to accept your payment of the contribution amount. TJNT Global LTD. reserves the right, in its sole discretion, to modify any of the timelines described herein to account for network congestion or other technical challenges. Your contribution is not guaranteed until TJNT Global LTD receives your contribution amount in full
TJNT Global LTD. shall deliver the amount of EVE tokens you purchase to your Token Wallet address immediately after receipt of your contribution amount, subject to ordinary Ethereum blockchain waiting periods and subject to the risks specified in these Terms.
At any time during the Token Sale and at its sole discretion, TJNT Global LTD., may by notice on the website, temporarily or permanently suspend the Token Sale for security or legal reasons and such suspension shall take effect from the moment of publication of such notice until the same is updated or removed from the website (the “Suspension Period”). At any time before the end of the Token Sale, TJNT Global LTD. may permanently abort the Token Sale for security reasons and such abortion shall be deemed to commence from the moment TJNT Global LTD. publishes notice to the effect on the website. You agree not to send Purchase Amounts during such suspension period and after the abortion of the Token Sale and accept the risk that any contributions sent during such period may be lost in its entirety. TJNT Global LTD. is not responsible or liable for returning or refunding any losses incurred by you due to EMP’ smart contract. EMP shall deploy a smart contract system (the sending a contribution during a Suspension Period or after the abortion of the Token Sale.
TJNT Global LTD. reserves the right, in its sole discretion, to change the date and/or time when the Token Sale starts for any reason, including the unavailability of the website, unforeseen security issues or other issues. During the extension period, TJNT Global LTD. reserves the right to change the Terms of EVE Token Sale.
Failure to follow the procedures set forth in these Terms and otherwise in connection with the Token Sale may result in participants not receiving any EVE tokens. During the Token Sale, receipt or purchase of EVE tokens through any other means other than through the website are not sanctioned or agreed to in any way by EMP.
EVE tokens compensated to you during the Token Sale shall not be transferable (shall be locked) until the end of the Token Sale.
The application of your contribution shall be determined by TJNT Global LTD. acting in its sole and absolute discretion and TJNT Global LTD. shall be under no obligation to inform you or otherwise verify how your contribution is used. On the receipt of your contribution, such contribution shall immediately become the sole and exclusive property of TJNT Global LTD.
By purchasing EVE tokens through EMP, you expressly acknowledge and agree that there are risks associated with purchasing, owning, and using EVE tokens for the provision or receipt of services, as disclosed and explained in Exhibit B. By receiving EVE token, you are clearly aware of, and is responsible for these risks, including that EVE tokens may have no value.
Participant acknowledges and agrees that the sale of EVE tokens and the EVE token themselves are not an investment, security, share or equity interest, debt or loan nor a derivative instrument of any of the foregoing. These Terms and all other documents referred to herein do not constitute a prospectus or offering documents and are not an offer to sell nor the solicitation of an offer to buy an investment, security, share, equity interest or debt nor a derivative interest of any of the foregoing.
Participant should not participate in the Token Sale for investment purpose. The Token sale pursuant to these Terms is not designed for investment purposes and should not be considered as a type of investment. Participant acknowledges, understands and agrees that (a) participant should not expect that EVE tokens will be listed for trading on any exchange, or (b) participant will accept the contents of the whitepaper as they described in the whitepaper and do not follow any other different or modified form.
Participant acknowledges and agrees that participant is not participating in the Token Sale for purposes of investment or speculation, or for immediate resale, or other financial purposes. Participant acknowledges and agrees that the participant has no expectation of economic benefit from participating in the Token Sale on their own or income from EVE token compensation. Participant agrees that if the participant determines to transfer EVE token on their own, participant will not portray EVE tokens to prospective transferees as an investment opportunity to obtain an economic benefit or profit.
The EVE Token Sale (a) does not provide participant with rights of any type with respect to EMP or its revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial rights, (b) is not a loan to EMP and (c) does not provide participant with any ownership or other interest in EMP.
You have sufficient knowledge and experience of the business and financial situation of blockchain or cryptographic tokens and other digital assets, smart contracts, token storage mechanisms (such as digital or token wallets), including a sufficient understanding of blockchain-based software system and blockchain technology, to be able to evaluate the risks and merits of your participation in the EMP Token Sale, including, but not limited to, the matters set forth in these Terms and to appreciate the risks and implications of participating in the EMP Token Sale. Additionally, you are able to bear the risks thereof, including loss of all amounts paid, loss of EVE tokens and liability to EMP and others for your acts and omissions, including, without limitation, those constituting breach of these Terms, negligence, fraud or willful misconduct.
You have obtained sufficient information about EVE tokens to make an informed decision to participate in the EMP Token Sale.
You understand that EVE tokens confer only the right to access EMP to receive services on EMP, and confer no other rights of any form with respect to EMP or any entity from EMP group of companies, including, but not limited to, any voting, redemption, liquidation or other financial and legal rights.
You are not purchasing EVE tokens for any use or purpose other than to receive services on EMP, including, not limited to, any investment, speculative or other financial purposes.
You are not a resident or citizen of the United State, Singapore or North Korea; nor are you participating in the purchase of EVE tokens on behalf of any such person or entity.
You have all requisite power and authority to execute and deliver these Terms, to participate in the EMP Token Sale and to carry out and perform your obligations under these Terms. If you are an individual, you must be at least 18 years old and of sufficient legal age and have capacity to participate in the EMP Token Sale.
If you are an entity, purchaser is duly organized, validly existing and in good standing under the laws of its domiciliary jurisdiction and each jurisdiction where it conducts business.
Your Participation in the EMP Token Sale complies with applicable laws and regulations in your jurisdiction, including, but not limited to, (a) legal capacity and any other threshold requirements in your jurisdiction for the participation in the EMP Token Sale, (b) any foreign exchange or regulatory restrictions applicable to such purchase, (c) any consents of government or other entity that may need to be obtained, and (d) regulations issued by the government, local authorities or central bank, at your place of residence.
You understand and agree that the network of miners will ultimately be in control of EMP’ smart contract and that a majority of these miners could agree at any point to make changes to the smart contract and run to a new version of the smart contract. Such a scenario could lead to EVE tokens losing its intrinsic value.
You will comply with any tax obligations applicable to you arising from your participation in the EMP Token Sale.
The funds, including ETH, that you use to participate in the EMP Token Sale, are not derived from or related any unlawful activities, including, but not limited to, money laundering or terrorist financing, and you will not use the EVE tokens to finance, engage in or otherwise support any unlawful activities
The execution and delivery of, and performance under, these Terms requires no approval or other action from any governmental authority or person other than you.
To the extent required by applicable law, you must comply with all anti-money laundering laws and abide by the guidelines for preventing terrorist financing.
You, any person having a direct or indirect beneficial interest in you, any person making you participate in the EMP Token Sale, or any person acting as an agent, attorney, trustee or nominee for your participation in the EMP Token Sale should not (i) be the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or any other applicable jurisdictions (collectively, “Sanctions”), (b) be located, organized or resident in any country or territory that is the subject of country-wide or territory-wide sanctions, (c) be listed in any sanctions-related list of sanctioned persons, including, but not limited to, those maintained by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom and/or (d) be directly or indirectly owned or controlled by any person or persons described in above in this sub clause.
You shall not use the EVE tokens to finance, engage in or otherwise support any unlawful activities.
If you are participating in the EMP Token Sale on behalf of any entity, you are authorized to accept this agreement on such entity’s behalf and such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity (in this Agreement, “you” refers to you and such entity jointly).
You understand and accept the risks of contributing to early-stage blockchain startup business and acknowledge and agree that these risks are substantial. You further warrant and represent that your contribution does not represent a meaningful or substantial proportion of your wealth or net worth, and that you are willing to accept the risk of loss associated with the contribution made under these Terms.
Please read the following section carefully because it contains certain provisions, such as a binding arbitration section and class action waiver, which affect your legal rights. This clause requires you to arbitrate certain disputes and claims with TJNT Global LTD. and limit the manner in which you can seek relief from Singapore.
These Terms will be governed by and construed in accordance with the laws of Singapore, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. Any dispute between the parties arising out or relating to these Terms or its subject matter or formation (including non-contractual dispute or claims) that is not subject to arbitration shall be exclusively resolved by the courts of Singapore.
Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and the TJNT Global LTD. (i) waive your and TJNT Global LTD.’s respective rights to have any and all disputes arising from or related to these Terms resolved in a court, and (ii) waive your and the TJNT Global LTD.’s respective rights to a jury trial. Instead, you and TJNT Global LTD. will arbitrate disputes through the binding arbitration (which is the referral of a dispute to one or more persons charged with reviewing the dispute and making a final and binding determination to resolve it instead of having the dispute decided by a judge or jury in court). Any dispute shall be referred to and finally resolved by arbitration under the Rules of the Singapore Court of International Arbitration in force on the date on which the arbitration is commenced, which Rules are deemed to be incorporated by reference into these Terms. The seat of the arbitration shall be Singapore. The language of the arbitration shall be English. Any award of the tribunal shall be final and binding from the day it is made. The tribunal shall consist of three arbitrators. Each party hereto shall nominate one arbitrator. In the event that either of the two parties hereto fails to nominate an arbitrator within 30 days after the commencement of the arbitration proceedings, then the Singapore Court of International Arbitration shall nominate an arbitrator on behalf of the party or parties hereto which have failed to nominate an arbitrator. The third arbitrator, who shall be the presiding arbitrator, shall be nominated by the two party-nominated arbitrators within 30 days of the last of their appointments. The parties hereto agree to keep confidential all matters relating to the arbitration, including related court proceedings, to the greatest extent practicable.
Any Dispute arising out of or related to these Terms is personal to you and TJNT Global LTD. and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempt to resolve a dispute as a representative of another individual or group of individuals. Further, a dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
Each party will notify the other party in writing of any arbitrable or small claims dispute within thirty (30) days of the date it arises, so that the parties can attempt in good faith to resolve the dispute informally. Notice to TJNT Global LTD. shall be sent by e-mail to the TJNT Global LTD at [email protected]. Notice to you shall be sent by email to the email address you provide to us when you participated in the EMP Token Sale. Your notice must include, (i) your name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the dispute, and (iii) the specific relief that you are seeking. If you and TJNT Global LTD. cannot agree how to resolve the dispute within thirty (30) days after the date notice is received by the applicable party, then either you and TJNT Global LTD. may, as appropriate and in accordance with this Section 14, commence an arbitration proceeding or, to the extent specifically provided for in Section 14(a), file a claim in court.
The arbitrator will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
TJNT Global LTD. may amend these Terms from time to time, including where there are changes to the intended functionality of EVE token or as may be otherwise required by applicable law or regulatory requirements to which we are subject. If TJNT Global LTD. makes any amendments to these Terms, TJNT Global LTD. will publish a notice together with the updated Terms on the website and will change the “Last Updated” date at the top of these Terms. Any amended Terms shall become effective and valid immediately upon the publication of such notice and updated Terms on the website. It is your responsibility to regularly check the TJNT Global LTD.’s website for any such notices and updated Terms.
If any term, clause or provision of this Agreement is held unlawful, void or unenforceable, then that term, clause or provision will be severable from this Agreement and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of this Agreement.
These Terms, including the exhibits attached hereto and documents incorporated herein by reference, constitute the entire agreement between you and TJNT Global LTD. and supersede all prior or contemporaneous agreements and understanding, both written and oral, between you and TJNT Global LTD. with respect to the subject matter hereof, including, but not limited to, any public or other statements or presentations made by EMP, any entity from its group of companies, another representative, agent etc. about the EVE token or EMP. Headings are for information purposes only.
You understand and agree that EMP shall be liable and disclaims all liability to you in connection with any force majeure event, which include, inter alia, acts of God, labor dispute or other industrial disturbances; electrical, telecommunications, hardware, software or other utility failures; software or smart contract bugs or weaknesses; earthquakes, storm or other nature related events; blockage, embargoes, riots, acts or orders of governments; acts of terrorism or war; technological change; changes in interest rates or other monetary conditions; or other matters beyond the reasonable control of EMP, including changes to any blockchain-related protocol.
You may not assign or transfer any of your rights or obligations under these Terms without prior written consent from EMP, including by operation of law or in connection with any change of control. EMP may assign or transfer these Terms, any or all of its rights under these Terms, in whole or in part, without obtaining your consent or approval.
Failure or delay in exercising any right, power or privilege under these Terms shall not operate as a waiver thereof. All waivers by EMP must be unequivocal and in writing to be effective.
If all terms set forth in these Terms are translated into a language other than English, the English version shall prevail.
[Intended function of EVE token in EMP]
EMP is in the process of undertaking a legal and regulatory analysis of the functionality of EVE token. Based on the result of such analysis we may amend the intended functionality of EVE token in order to ensure compliance with regulatory and legal requirements to which EMP is subject. In the course of development of EMP, due to possible modifications of EMP, regulatory actions, changes in the laws, positions of regulatory authorities, changes of EMP; business, the functionality of EVE token may be alerted. In this case, TJNT Global LTD. shall publish a notice on the website. Please make sure to regularly check the website for any such notices.
The EVE tokens are used on EMP and shall be the only token issued to the participant during the EMP Token Sale. EVE tokens will be an essential utility for the users of EMP as they will enable interaction within EMP and will act as the main driver of EMP.
EVE tokens will not have any utility or functionality outside of EMP. Although it is possible that a secondary market could develop for trading EVE tokens, EMP will not create such secondary markets, nor will it act as an exchange for EVE tokens. Even if a secondary market for EVE tokens is developed, it will not be run or operated by EMP.
EVE tokes shall be allocated as follows.
Please read this Exhibit B carefully. Participation in the Token Sale carries substantial risk and may involve special risks that could lead to a loss of all or a substantial portion of contribution. If you are in any doubt as to the action you should take, you should consult your legal, financial, tax or other professional advisor and refrain from contributing to the EVE Token Sale.
As of the date hereof, the EVE token has no known potential uses outside of EMP and is not permitted to be sold or otherwise traded on third-party exchanges.
Do not participate in the Token Sale unless you are prepared to lose the entire amount you contributed for purchasing EVE tokens. EVE tokens should not be acquired for speculative or investment purposes with expectation of making a profit or immediate resale.
No promises of future performance or value are or will be made with respect to EVE tokens, including no promise of continuing payments, no promise of intrinsic value and no guarantee that EVE tokens will hold any certain value. Unless prospective participants fully understand and accept the nature of EMP and the potential risks in EVE tokens, they should not participate in the Token Sale.
The website, EMP’s whitepaper or other material include reference to third-party data and industry publications. EMP believes that this industry data is accurate and that its estimates and assumptions are reasonable; however, there are no assurances as to the accuracy or completeness of this data. Although the data are believed to be reliable, EMP has not independently verified any of the data from third-party sources referred to in this whitepaper or ascertained the underlying assumptions relied upon by such source.
EMP is in the process of undertaking a legal and regulatory analysis of the functionality of EVE tokens. Following the conclusion of this analysis, EMP may decide to amend the intended functionality of EVE tokens in order to ensure compliance with any legal or regulatory requirements to which it is subject. In the event that EMP decides to amend the intended functionality of EVE tokens, EMP will update the relevant contents of its whitepaper, of these Terms and upload the latest version of the documents to the website. EVE tokens could be impacted by regulatory action, including potential restrictions on the ownership, use, or possession of such tokens, which may demand that the structure or application of EVE tokens be altered, all or in part. EMP may revise mechanics to comply with regulatory requirements. Nevertheless, EMP believes that it has taken all commercially reasonable steps to ensure that its planned mechanics are proper and in compliance with currently considered regulations.
EMP’ intended activities are subject to various laws and regulations in the countries where it operates or intends to operate. EMP might be obliged to obtain different licenses or other permissive documents in each jurisdiction where it intends to operate its business, therefore, EMP’ business in such jurisdictions shall always be subject to obtaining such licenses or permissive documents, if so directed by applicable laws. There is a risk that certain activities may be deemed in violation of any such law or regulation. Penalties for any such potential violation would be unknown. Additionally, changes in applicable laws or regulations or evolving interpretations of existing law could, in certain circumstances, result in increased compliance costs or capital expenditures, which could affect EMP’ ability to carry on the business model and the EVE tokens model proposed in this whitepaper.
EMP’ whitepaper, content of EMP’ website, Exhibit A of these Terms, press releases, public statements etc. may contain forward looking statements, i.e. statements related to future events. Forward looking statements often address the expected future business and financial performance of EMP, the performance and effectiveness of EMP, often contain words such as “expect”, “intend”, “plan”, “believe”, “will”, “would”, “ultimately”. All statements regarding EMP’ financial position, business strategies, plans, future functionality of EMP, EVE token and prospects and the future prospects of the industry which EMP is in, are forward-looking statements. Such forward looking statements by their nature address matters that are, to different degrees, uncertain. EMP undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this whitepaper. EMP cannot guarantee that any forward-looking statements made by it or expected results of operation of EMP will correlate with the actual future facts or results. You must understand that EMP may not have all of the expected functionality. EMP does not take any responsibility in regard to the functional capabilities of EMP, which is provided “as is”.
EMP will make every effort to ensure that the funds received from the Token Sale are securely stored and held. Notwithstanding the aforesaid, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service(DDos) or errors, vulnerabilities or defects on EMP’ website, in the smart contract(s) on which the escrow wallet and the Token Sale rely, on the Ethereum or any other blockchain, other sites, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the Token Sale is completed, EMP may not be able to receive the cryptocurrencies raised or may not be able to use such funds for the development of EMP. In such case, the development and launch of EMP might be temporarily or permanently curtailed. As such, distributed EVE tokens may hold little worth or value.
An open-source development comes with risks related to hacking and cyber-attacks that can cause a negative impact. To mitigate that risks the team will be allocating resources in auditions and security tests, to ensure the platform’s safety.
EMP shall be operated by another entity from EMP’ group of companies, and any events or circumstances which adversely affect such entity or any of its successor operating entities may have a corresponding adverse effect on EMP. Such adverse effects would correspondingly have an impact on EVE tokens.
EMP may experience system failures, unplanned interruptions in its network or services, hardware or software defects, security breaches or other causes that could adversely affect Every Media blockchain Platform
EMP does not make, or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or individual, including any representation, warranty or undertaking in relation to the truth, accuracy, and completeness of any of the information set out in EMP’ whitepaper, on the Website or in other materials.
Cryptographic tokens such as the EVE token are a relatively new and dynamic technology. In addition to the risks included in the above, there are other risks associated with your purchase, holding and use of EVE tokens, including those that EMP cannot anticipate. Such risks may further appear as unanticipated variations or combinations of the risks discussed above
