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These Token Sale Terms (these Terms) state the terms and
(Details of Token Sale)). The IND Tokens do not constitute, and are
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offer document and are not a solicitation for investment in Indorse
you do not agree to these Terms, you must not accept these Terms
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not guarantee that you will be able to purchase any IND Tokens
In these Terms, Indorse and the contracting party identified in Clause 2.1
1. Introduction
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1.1 Indorse is developing an online service platform also known as
1.2 A central feature of the Platform is the IND Token that will be the
holders. For the purposes of these Terms, the ERC-20 Token Standard
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refers to the set of criteria (including criteria in relation to functions and
conducting a sale of IND Tokens (the Token Sale) during the Pre-Sale
Period and Sale Period whereby eligible purchasers (see Clause 2.2
below) may use designated virtual currencies to buy IND Tokens (see
the Token Sale, Indorse will provide IND Tokens to its founders and
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1 (Details of Token Sale), and Indorse reserves the right to use the
proceeds from the Token Sale for any other purposes as Indorse may
1.4 The expected utility and value of the Platform and the IND Tokens
guarantee that the Platform or the IND Tokens will have a specific, or
IND Tokens, you are deemed to have accepted these Terms and you
acknowledge that you have read and understood these Terms, including
that could adversely affect or eliminate the utility and value of the
Platform and the IND Tokens. As provided in Clause 5.7 below, your
payment to Indorse is not refundable even if the Platform and the IND
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1.5 Descriptions of the Platform and the IND Tokens, and other
information about Indorse, the Token Sale, and Indorses overall project
subjects it covers. Indorse may from time to time revise the Indicative
Sale
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2.1 The party that is legally bound by these Terms (and that is
identified as the Principal (i) does not fully satisfy the Eligibility
Conditions under Clause 2.2 below or (ii) is for any reason not legally
bound to these Terms, then the Signatory will be bound to these Terms
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2.2 To be eligible to participate in the Token Sale, you must satisfy each
OR
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(i) be duly organised and validly existing under the
or possessions.
(b) Your participation in the Token Sale and your using, holding,
You are solely responsible (i) to determine if there are any such
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laws or regulations (including foreign exchange restrictions)
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(d) You must purchase the IND Tokens as principal and for your
own account, and not as nominee or agent for, or for the account of,
and other token storage mechanisms work, the risks of using them,
2.3 If you do not fully satisfy each of the Eligibility Conditions at all
times from the time that you accept these Terms, then you may not, and
you agree not to, participate in the Token Sale or purchase IND Tokens.
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If you participate in the Token Sale or purchase IND Tokens
Clause 7), (b) you proceed with your Order at your own risk, and (c)
Indorse may reject, refuse, or cancel your Order at any time without
notice to you. Without prejudice to Clauses 10.1 and 11.1 below, you
acknowledge and agree that Indorse will not be liable to you or any other
Sale or purchase IND Tokens. Indorses request for, and your provision
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of, any information from you, and any actions or decisions Indorse may
Clause 2.3.
2.5 If you place more than one Order for IND Tokens during the Token
Orders under these Terms shall not affect the continuation in force of
Terms.
3.1 Key elements of the Token Sale are implemented in smart contracts
SSC System). The SSC System is open source and available for
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inspection here: https://github.com/indorseio. The executable source
reference. For the avoidance of doubt, the comments and other non-
executable code in the source code of the SSC System are for convenience
3.2 You understand the nature of smart contracts and that, once
results that conflict with any term or statement of these Terms, the
could have been implemented in the SSC System but was not, the SSC
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3.3 A technical expert engaged by Indorse (the Code Auditor)
completed its audit of the SSC System on 24 July 2017. However, the
Tokens; the Platform will not accept other forms of payment for Business
Platform. Indorse hopes that secondary markets develop for IND Tokens
so that (a) business customers can obtain the IND Tokens they will use to
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pay for Business Services and (b) users and other holders of IND Tokens
can obtain other forms of value if they choose not to hold or use IND
4.2 Your use of the Platform and the IND Tokens will be subject to the
Platforms terms of use and the other terms and policies referenced
therein that are in effect at the time you use the Platform or the IND
and amend the Platform Agreement from time to time according to the
Agreement will prevail with respect to any issues relating to the use of
the IND Tokens in connection with the Platform. If you do not accept the
terms of the Platform Agreement, you will not be able to use the Platform
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4.3 The IND Tokens do not confer ownership, governance, equity,
4.4 Holders of IND Tokens will not be able to use them on the Platform
(Launch). Indorse plans for Launch to occur about 18 months after the
Sale End Time, but does not guarantee when Launch will occur, if at all.
and not all holders of IND Tokens will be able to use them immediately
Tokens that can be used as payment for Business Services. The Platform
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will accept IND Tokens as payment for Business Services on an as-
5.1 Indorse will conduct the Token Sale only through its website at
Token Sale), including the dates of the Token Sale, pricing, payment
use of the Token Sale proceeds. If you fail to follow the instructions or
(Details of Token Sale), on the Pre-Sale Site, or on the Sale Site, you may
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be delayed or prevented from participating in the Token Sale and you
5.2 The Pre-Sale Site and the Sale Site are the only sites authorised by
to which you must submit your payment, you must confirm that your
submitted your payment to an address obtained from any other site you
may lose the entire amount of your payment and/or may not receive the
IND Tokens you intend to purchase. Indorse is not affiliated with and
your payment to an incorrect address, you must also verify the address
at https://etherscan.io.
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5.3 Your acceptance of these Terms does not guarantee that you will be
5.4 To receive the IND Tokens you purchase, you must have an
Ethereum account that supports ERC-20 Token Standard for which you
know the address, and a wallet or other token storage mechanism that is
secure, and valid at the time you place your Order and the time IND
Tokens are distributed to you under Clause 5.5(d). You are in all
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5.5 The process for fulfilling your order for IND Tokens in the Token
Sale is as follows (capitalised terms used but not defined in this Clause
(a) You must visit the Pre-Sale Site (for the Pre-Sale) or the Sale
Site (for the Main Sale), accept these Terms, and obtain the
Payment Address.
(b) You must, during the Pre-Sale Period (for the Pre-Sale) and
the Sale Period (for the Main Sale), submit to the Payment Address
your payment for the number of IND Tokens you wish to purchase
Pre-Sale Site (for the Pre-Sale) or the Sale Site (all, collectively, the
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If you do not pay the Purchase Price precisely as specified in the
the Purchase Price and you will not receive any IND Tokens. Your
Indorse from all responsibility and liability for any payment you
5.5(c))
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Acknowledged, you will not be able to purchase IND Tokens in the
Token Sale. For the avoidance of doubt, you will not receive notice
that your payment has or has not been Acknowledged, and your
SSC System may for any reason refuse, reject, or cancel your Order
to notify you of the reasons for its decision not to transact with you.
(d) If the Token Sale has not been cancelled under Clause 5.6 and
you are one of the participants in the Token Sale whose Order
Sale End Time the SSC System will distribute the number of IND
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5.6 Indorse may for any reason and at any time before the Sale End
Time suspend or cancel the Token Sale. If at the Sale End Time the
Minimum Sale Threshold, Indorse will cancel the Sale. Indorse will post
Sale Site. If Indorse cancels the Token Sale after your payment has been
5.8.
5.7 Indorse does not have access to or control over your payment until
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5.8 Indorse will refund your Acknowledged payment only as provided
in Clause 5.8(a) and only according to the process set out in Clause
5.8(b).
your Order under Clause 5.5(c), (ii) to cancel your Order under
Clause 5.9, or (iii) to cancel the Token Sale under Clause 5.6.
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the same Ethereum account from which you made your
payment; or
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(ii) Indorse has no further obligations to you under this
(iii) you, for and on behalf of all natural and legal persons
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action or transaction under or contemplated by these Terms
5.9 Indorse may at any time, including after Indorse has delivered IND
Tokens to you to fulfil your Order, require you to provide documents and
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information Indorse determines in its discretion not to transact with you,
Indorse will cancel your Order and refund your Acknowledged payment
and, if it has already delivered IND Tokens to you, require you to transfer
any event within five days from the date of Indorses notice of
reasons for its decision not to transact with you or to disclose the
5.10 If you attempt to double spend ETH or BTC in making payment for
your Order, Indorse will cancel your Order and you will not receive any
ETH or BTC network and spending the same account balance on each of
the transactions.
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6. Use of Proceeds
6.1 Indorse intends to use the proceeds of the Token Sale, together
discretion use those proceeds for any purpose, whether or not consistent
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(a) You satisfy in full each of the Eligibility Conditions at all times
(b) You are purchasing the IND Tokens only for the purpose of
using the IND Tokens in the Platform as described in Clause 4.1 and
financial purposes, and you understand the IND Tokens are not,
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(c) You have carefully read in full, and fully understand, these
(Risk Disclosure).
(d) You have carefully reviewed in full, and fully understand, the
the SSC System will supersede these Terms to the extent of any
(e) You have carefully read in full, and fully understand the Off-
Chain Documents and are satisfied with the quality and quantity of
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the IND Tokens, and the Token Sale, and that you have made a fully
the Token Sale and your using, holding, trading, buying, or selling
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(h) Your placement of an Order constitutes your acceptance of
the risks related to the Platform, the IND Tokens, and the Token
Disclosure).
(i) The ETH and/or BTC you submit as payment in the Token
Sale are legitimately owned by you and have not been obtained in
(j) You will not use the IND Tokens you receive in the Sale, if any,
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(l) These Terms constitute your legal, valid, and binding
7.2 You confirm that your representations and warranties in Clause 7.1
are and will remain correct at all times from the time of your acceptance
of these Terms.
8. Tax
the Token Sale, your using, holding, trading, buying, or selling IND
Tokens over time (if any), the allocation and distribution of IND Tokens,
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8.2 The Purchase Price is exclusive of all taxes that are applicable to
jurisdiction (Tax).
8.3 You are solely responsible for determining any Tax payable by you
8.4 Indorse is not responsible for determining any Tax nor for
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8.5 To the extent permitted by applicable laws and regulations, you
arising from your using, holding, trading, buying, or selling IND Tokens
8.6 You will provide Indorse with any information it may reasonably
8.7 Indorse does not give any advice on tax-related matters and makes
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9. Intellectual Property
9.1 These Terms do not entitle you to any intellectual property rights,
other than the right to use IND Tokens as a means of payment for
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9.3 Indorse retains all right, title, and interest in all of its intellectual
trademarks, copyrights, or patents based thereon. You may not use any
of Indorses intellectual property for any reason, except with its express
10. Indemnification
regulations, you will indemnify, defend, and hold harmless Indorse and
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demands, actions, damages, losses, costs, and expenses (including legal
fees) that arise from or relate to (a) your participation in the Sale, (b)
your using, holding, trading, buying, or selling IND Tokens, (c) your
these Terms, or (e) your violation of any rights of any other person or
entity in connection with the Token Sale or your using, holding, trading,
buying, or selling IND Tokens. This indemnity is in addition to, and not
in lieu of, any other remedies available to Indorse under law, equity or a
that is within the scope of your indemnity under Clause 10.1, you agree
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other compulsory legal or court order or process at reasonable hourly
rates.
10.3 Indorse will promptly notify you of any third party claim subject to
Clause 10.1, but Indorses failure to promptly notify you will only affect
your obligations under Clause 10.1 to the extent that its failure
prejudices your ability to defend the claim. You may (a) use counsel of
such claim and (b) settle the claim as you deem appropriate, provided
that you obtain Indorses prior written consent before entering into any
control of the defence of the claim and to settle the claim at any time.
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11.1 To the maximum extent permitted by all applicable laws and
(and, with respect to the SSC System, the Code Auditor) hereby expressly
disclaims its liability and shall in no case be liable to you or any person
for:
the Platform or the SSC System in connection with the IND Tokens;
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(e) delay in the refund of your Acknowledged payment under
Clause 5.8;
(f) any payment for Orders made to an address other than the
Payment Address;
(h) any virus, error, bug, flaw, defect, or other matter adversely
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(i) decreases or volatility in traded prices or trading volume of
purpose;
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(n) failure or delay in the listing or quotation of the IND Tokens
on a cryptocurrency exchange;
exchange;
(p) any loss, cost, expense, or tax associated with any transfer or
IND Tokens;
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(r) failure or delay to achieve the outcomes described in the
otherwise;
(t) any risks associated with the SSC System, the Off-Chain
Documents, the Pre-Sale Site, the Sale Site, Indorse, the Token Sale,
the IND Tokens, your using, holding, trading, buying, or selling IND
Tokens, or your use of the Platform, including the risks set out in
Terms where the delay or failure results from any cause beyond
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industrial disturbances, electrical, telecommunications, hardware,
protocols.
the Platform, the IND Tokens, the Token Sale, the SSC System, these
does not represent or warrant that IND Tokens, the SSC System, or the
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Platform are or will be reliable, current, or error-free, fit for a particular
purpose, meet your requirements, or that any defects in IND Tokens, the
SSC System, or the Platform will be corrected, and (c) Indorse cannot and
does not represent or warrant that the IND Tokens, the SSC System, or
the Platform or the delivery mechanism for IND Tokens, the SSC System,
cause, among other things, the complete loss of ETH, BTC, and/or IND
Tokens.
regulations, you, for and on behalf of all natural and legal persons who
of you, release and forever discharge Indorse and its affiliates, and its
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causes of action of any kind whatsoever, common law, statutory,
taxes, liabilities, costs, and expenses, which you have, ever had, may
(a) Indorse shall not be liable for any loss of revenue, income, or
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arising out of or in connection with these Terms or your using,
(c) you agree to waive all rights to assert any claims under
applicable laws and regulations and you agree that you may make
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12.2 The limitations of liability in this Clause 12 protect Indorses
Indorse is protected.
12.3 You acknowledge that Indorse has entered into these Terms in
and that the same form an essential basis of the bargain between you
and Indorse.
with the laws of the Republic of Singapore, without regard to its conflict
of law rules.
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13.2 Any dispute, claim, suit, action, cause of action, demand, or
by the parties within 30 days from the date that either party notifies the
arbitrators shall be three. Each party shall nominate one arbitrator and
the third arbitrator shall be appointed in accordance with the SIAC rules.
14. General
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14.1 A reference in these Terms to these Terms shall include a
Token Sale) and Schedule 2 (Risk Disclosure) form integral parts of these
Terms.
Terms.
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14.3 Nothing in these Terms is intended to or will constitute you or
14.4 You may not assign any of your rights or obligations under these
Terms to any other person without the prior written consent of Indorse,
which Indorse may grant or withhold in its discretion. You may not
Order. Indorse may assign any of its rights or obligations under these
14.5 All notices required or permitted under these Terms and all
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the date of receipt. Indorse will accept notices from you by email at
notices@indorse.io.
14.6 If you are an individual, Indorse will use any personal information
(c) to protect our rights and property, and the rights, property,
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(d) to prevent and detect security threats, fraud, or other
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14.8 Indorses failure to enforce these Terms or to assert any right,
claim, or cause of action against you under these Terms shall not be
14.9 Indorses waiver of a breach by you of any of these Terms will not
granting party.
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14.11 Indorse reserves the right in its discretion to amend any part
of these Terms at any time. The amendments shall take effect from the
14.13 Any Dispute is personal to you and Indorse and will not be
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seeking to resolve the respective Disputes on a consolidated or
representative basis.
12.12), a person who is not a party to these Terms will not have any
term.
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14.16 Each of the terms in these Terms is severable. If a court or other
Terms and any translated version, the English language version shall
prevail.
completed and signed) which Indorse may ask and considers necessary
to (a) bind you and any other person intended to be bound in connection
with these Terms and the IND Tokens, (b) demonstrate whether you are
complying with applicable law and these Terms, (c) enable Indorse to
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obtain any necessary consent of any other person to these Terms, and
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Schedule 1
1. Sale Site
2. Pre-Sale Registration
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identify yourself as a Pre-Sale Registrant on the Pre-Sale site and to
qualify your Order for the Pre-Sale price and priority processing. If you
are not an Accepted Pre-Sale Registrant, or if for any reason you were
not able to qualify your Order on the Pre-Sale Site, then you will not be
The Token Sale will be comprised of a Pre-Sale and a main sale of IND
Tokens after the Pre-Sale Period (the Main Sale). For the avoidance of
doubt, the term Token Sale refers to the sale of IND Tokens during the
during the period (the Pre-Sale Period) that begins at 1100 UTC on 25
July 2017 and ends at 1100 UTC on 3 August 2017 (the Pre-Sale End
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Time). However, if the Pre-Sale cap is reached before the Pre-Sale End
Time, then Indorse will stop accepting Orders from Accepted Pre-Sale
Registrants.
Indorse will only accept Orders for the Main Sale during the period (the
Sale Period) that begins at 1200 UTC on 8 August 2017 (the Sale
Start Time) and ends at 1200 UTC on 7 September 2017 (the Sale End
Time). However, if the Sale Cap (as defined below) is reached before
the Sale End Time, then Indorse may adjust the Sale End Time to an
Indorse will post a notice of a change in the Pre-Sale End Time on the
landing page of the Pre-Sale Site or a change in the Sale End Time on the
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Orders received by Indorse for the Pre-Sale after the Pre-Sale Period and
for the Main Sale after the Sale Period shall be invalid.
4. Accepted Cryptocurrencies
discretion, BTC as payment for Orders for the Pre-Sale, and will only
accept ETH as payment for Orders for the Main Sale. Indorse will not
any Orders.
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The price of each IND Token during the Pre-Sale will be 0.0008 ETH
(1,250 IND Tokens per 1 ETH) and the price of each IND Token during
the Main Sale will be 0.001 ETH (1,000 IND Tokens per 1 ETH).
Orders, or otherwise.
Indorse reserves the right in its discretion to adjust any part of the IND
Token pricing scheme, including the base price of each IND Token, at any
time.
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The minimum Order during the Pre-Sale is 100 ETH. The minimum
during the Main Sale is 1,000 ETH. However, if your Order would cause
the aggregate proceeds from the Token Sale to equal or exceed the Sale
the extent it does not exceed the Sale Cap and the remaining balance of
The SSC System will mint the initial quantity of IND Tokens after the Sale
End Time and after the number of IND Tokens to be issued in respect of
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each Order is computed (the Initial IND Tokens). The Initial IND
5% for advisors
8% for founders
Indorse will also be having an Inflation Pool, which will represent the
additional IND Tokens created. The Inflation Pool will be over and above
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If Launch occurs, then after an appropriate time period that Indorse
deems fit, Indorse will deposit IND Tokens from the Inflation Pool
Indorse reserves the right to mint and sell IND Tokens in one or more
cancel the Token Sale under Clause 5.6 of these Terms. Indorse may
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9. Sale Cap
Token Sale equal or exceed 50,000 ETH (the Sale Cap), Indorse may
adjust the Sale End Time to end the Token Sale as provided in paragraph
To pay for your Order, you must send your payment to the Ethereum
Name Service name that will be identified on the Pre-Sale Site (for the
Pre-Sale) or the Sale Site (for the Main Sale) (the Payment Address).
Address. You must include sufficient gas (for payment in ETH) for your
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responsible for ensuring that you direct your payment to the Payment
Address. If you do not make your payment to the Payment Address, you
may permanently lose the entire amount of your payment and you will
Acknowledged.
Indorse advises you not to use third party payment processors, hosted
SSC System and, even if your payment is Acknowledged and your Order
is Accepted, you may not receive any IND Tokens. Indorse disclaims all
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responsibility and liability to you if you use a third party payment
Tokens.
As soon as practicable after seven days from the Sale End Time, the SSC
Token Sale whose Orders have been Accepted and to the other persons
If your Order has been Accepted, the SSC System will transfer your IND
Tokens to the Ethereum account from which you made payment for your
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Order unless, by special arrangement at Indorses discretion, Indorse
If your Order has not been Accepted, then your Order will be deemed to
have been cancelled under Clause 5.5(c) and your payment will be
You are in all respects solely responsible for creating the account to
which your IND Tokens or refund, as the case may be, will be transferred,
and for safeguarding the private keys, passwords, and other credentials
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13. IND Token Transferability
You may transfer your IND Tokens immediately after they are
restricted from transferring their IND Tokens during the 240-day period
Indorse intends to use the proceeds of the Token Sale, together with the
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65% for research and development of the Platform
Whenever possible, Indorse will seek to pay its expenses directly in ETH.
However, Indorse may in its discretion use those proceeds for any
proceeds.
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15. Award of SCR Tokens
Purchasers of IND Tokens in the Token Sale may also be awarded SCR
tokens at a ratio and at the time that Indorse will deem fit. Indorses
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Schedule 2
Risk Disclosure
It is important that you make an informed decision about the Token Sale.
You must carefully read and evaluate the risks that Indorse describes in
value to you of the Platform and any IND Tokens you hold and you
If you do not fully understand or are not comfortable with any of the
participate in the Token Sale. Indorse does not represent that this
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Schedule 2 (Risk Disclosure) discloses all risks and other significant
aspects of the Token Sale, including risks which may be personal to you
Indorse Risks
company, the Platform would terminate and any IND Tokens you hold
would have no utility or value. Indorse does not commit that it can or
Indorse does transfer the Platform to another company, Indorse does not
commit that the other company will operate the Platform to your
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satisfaction or at all, or will continue to accept IND Tokens for use in the
Platform.
market, and sell the Platform, or to manage the growth of the Platform or
discretion, make all decisions concerning its business and the Platform,
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including decisions to fork or discontinue the Platform, to change any
outsource the operation of the Platform, to sell the Platform, and to sell,
Business Model Risks. Indorse designed the Platform and the IND
Sale to fund its operations until such time, if ever, that Indorse earns
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activities to manage the risk of cryptocurrency fluctuations, but those
are not sufficient to sustain its operations, Indorse may have to reduce or
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them are unknown and unknowable but they could threaten the viability
Product Risks
Delay. Indorse may not develop and deploy the Platform according to its
affect the acceptance of the Platform in the market and ultimately the
Inability to Use IND Tokens. Holders of IND Tokens will not be able to
use them with the Platform until Launch. Launch may be delayed, or
may not occur. Even after Launch, the availability of Business Services
will be limited and not all holders of IND Tokens will be able to use them
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Failure to Develop and Support the Platform. As a consequence of the
may fail to launch the Platform with a full set of intended features and
Platform, may not improve or add to the features and functions of the
Platform over time, may not adequately support the Platform, and may
not fix bugs in the Platform in a timely way or at all. The Platform may
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underlying networks, and other causes. Indorse may be unable to
Platform Updates. Indorse may not update the Platform in a timely way
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the Platform depends. Those third parties may be unable or unwilling to
Privacy Risks. The SSC System and the Platform are built on Ethereum
involving IND Tokens, and other information about you or that belongs
connection with your use of the SSC System or the Platform, may be
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associated with you by combining it with other public or non-public
information.
Technology Risks
that are in some cases immature and unproven, including the Ethereum
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Integration Risks. The Platform will be integrated with three essential
third party services: uPort, Status, and Inter Planetary File System (IPFS)
the integrations with those services fail, or those services are unreliable
The nature of smart contracts makes them difficult to change to fix bugs,
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Hacking. All software systems, including the Platform, have security
including you, and may steal IND Tokens or other valuable data stored in
attacks that could compromise the integrity of the Platform, cause loss,
theft, or corruption of IND Tokens and other valuable data stored in the
unsustainable.
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Security Risks. The security and integrity of essential components of the
and integrity of the Platform, cause the loss, theft, or corruption of IND
Tokens and other valuable data stored in the Platform, including yours,
technologies, is uncertain.
Regulatory Risks
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Regulatory Status. The regulatory status of the Platform, the IND
the markets for them. It is not known if, when, or to what degree
adopt new laws and regulations that could adversely affect the Platform,
the IND Tokens, and the Token Sale, or whether those laws or
and/or the financial and other costs of regulation could cause Indorse to
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Compliance Risks. Complying with laws and regulations that apply to
Indorse and the Platform may be costly and may divert a significant
significant legal liability and financial and reputational losses which may
Tax. The tax status of the Platform, the IND Tokens, and the Token Sale is
existing tax laws and regulations or adoption of new adverse tax laws
tax liability for Indorse and other stakeholders in the Platform, including
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unavailable in certain jurisdictions, or make using, holding, trading,
Market Risks
with the Platform, and may do so with some or all of the open source
adversely affect the adoption and use of the Platform, and ultimately the
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or to what extent, if any, those competing services may be interoperable
exchanges and other secondary markets for the IND Tokens may never
exist. Even if the IND Tokens are listed or traded on a secondary market,
with, and does not endorse, any such exchange or secondary market that
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market, financial, fraud, and other risks that could result in your loss of
Price Volatility. The Token Sale price of IND Tokens may not be
indicative of the price of IND Tokens on public markets. The IND Tokens
have no intrinsic value at the time they are created. The price of IND
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(c) changes and innovations in blockchain technology, the industry
Risk of Dilution. Indorse will create and distribute IND Tokens other
(Details of Token Sale). In many cases those other IND Tokens were
distributed for less consideration than you paid for your IND Tokens.
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The distribution of those other IND Tokens will increase the overall
other information, whether or not true, about Indorse, the Platform, the
Platform operates.
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General Economic and Market Risks. Adverse changes in general
affect Indorse, the suppliers and third parties on which Indorse depends,
and users and prospective users of the Platform, all of which may
Participant Risks
Private Key Risks. You, not Indorse, are responsible for securing the
private key that controls your IND Tokens. If you do not know your
private key, you will permanently lose your IND Tokens. If your private
key is lost or stolen, you could permanently lose your IND Tokens. If you
store your private key with a third party wallet or vault service, you will
permanently lose your IND Tokens if you forget and are unable to
recover your credentials to access the third party service, or if the third
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party service malfunctions, is corrupted or compromised, makes your
Sale Process Risks. The process for submitting an Order and receiving
Token Sale), on the Pre-Sale Site, and on the Sale Site. If you do not
carefully follow that process, you may not be able to participate in the
Token Sale or purchase IND Tokens, you may permanently lose the funds
Tokens are described in Clause 5.4 of these Terms. If you use a wallet or
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or if you use a third party service whose wallet or other technology does
permanently lost.
public agency. If your IND Tokens are lost or stolen, you will have no
recourse unless you insure them at your expense. Indorse cannot issue
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