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Terms of Sale Agreement for Pre-Listing of ShariaCoin SPP Token
This Terms of Sale Agreement (“Agreement”) governs the sale and purchase of ShariaCoin SPP Tokens (“Tokens”) during the pre-listing phase, prior to the Tokens being listed on the specified cryptocurrency exchange (“CEX Partner”). By purchasing Tokens, you agree to be bound by the terms and conditions of this Agreement.
- Token Sale:
a. Pre-listing Sale:
Tokens are being sold during the pre-listing phase, prior to their listing on the CEX Partner.
b. Non-Refundable:
All purchases of Tokens during the pre-listing phase are non-refundable.
c. Token Price:
The price of Tokens is determined at the time of purchase and is subject to change without notice.
d. Payment:
Payment for Tokens must be made in the accepted cryptocurrency or fiat currency specified by ShariaCoin (PTY) Ltd.
e. Ownership:
Upon purchase, ownership of Tokens will be transferred to the purchaser’s wallet address provided during the purchase process. - Listing on CEX Partner:
a. Stipulated Date: ShariaCoin (PTY) Ltd. will announce the stipulated date of the Tokens’ listing on the CEX Partner.
b. Deposit and Withdrawal: Following the listing on the CEX Partner, customers will be able to deposit and withdraw Tokens from their accounts on the exchange. - Risks:
a. Market Risks: Purchasing Tokens carries inherent market risks, including price volatility and potential loss of investment.
b. Regulatory Risks: Regulatory changes or actions may impact the value and usability of Tokens.
c. Technological Risks: Technical issues or vulnerabilities in the blockchain network may affect the functionality and security of Tokens. - Token Usage:
a. Utility: Tokens may be used for various purposes within the ShariaCoin ecosystem, as outlined in the project documentation.
b. No Guarantees:
ShariaCoin (PTY) Ltd. does not guarantee any specific utility or functionality of Tokens. - Compliance:
a. Regulatory Compliance:
Purchasers are responsible for complying with any applicable laws and regulations regarding cryptocurrency transactions.
b. Taxation:
Purchasers are responsible for any taxes or duties applicable to their purchase and use of Tokens. - Limitation of Liability:
a. No Liability:
ShariaCoin (PTY) Ltd. shall not be liable for any damages, losses, or liabilities arising from the purchase or use of ShariaCoin Tokens. - Governing Law and Dispute Resolution:
a. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of South Africa.
b. Dispute Resolution:
Any disputes arising under this Agreement shall be resolved through arbitration in accordance with the rules of selected Arbitration Institutions in South Africa. - Entire Agreement:
This Agreement constitutes the entire agreement between the parties regarding the sale and purchase of Tokens and supersedes all prior agreements and understandings, whether oral or written.
By purchasing Tokens during the pre-listing phase, you acknowledge that you have read, understood, and agreed to be bound by the terms and conditions of this Sale Agreement.
ShariaCoin (PTY) Ltd. 01 April 2024