MyDFS Token sale of MyDFS tokens (MyDFS) on the https://tokensale.mydfs.net Platform.
The following terminology applies to these Terms and Conditions of Use (our “Terms”), the Privacy and Transparency Statement, and any and all other agreements between you and us: “Client,” “Customer,” “User,” “You,” and “Your” refer to you, the person accessing https://tokensale.mydfs.net., the website of MyDFS, and accepting our Terms. “The Company,” “MyDFS,” “https://tokensale.mydfs.net,” “Ourselves,” “Website,” “We,” and “Us” collectively refer to the internet website mydfs.net and the corporate entity MyDFS, and to its owners, operators, employees, directors, officers, employees, agents, insurers, suppliers, and attorneys. “MyDFS tokens,” MyDFS digital tokens,” and the ticker symbol “MyDFS” all refer to the digital blockchain based asset on offer through the Initial Coin Offering. “Token sale” and “Initial Coin Offering” refer to MyDFS’ offer of MyDFS tokens hosted on https://tokensale.mydfs.net. “Party” refers to either you or us.
In these Terms, unless otherwise specified, words indicating the singular shall be understood to include the plural and vice versa and words indicating gender include all genders.
“Digital asset,” “asset,” “coin,” “digital currency,” “good,” “ledger entry,” “altcoin,” and “token” refer to blockchain-based software ledger data entries.
By using the https://tokensale.mydfs.net website and mobile application, you represent and warrant that you are at least 18 years old and have full capacity to contract under applicable law; only transacting on https://tokensale.mydfs.net with legally-obtained funds that belong to you; not furthering, performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your relationship with us or through your use of https://tokensale.mydfs.net; and, comporting with and obeying all applicable laws.
We reserve the right to terminate your access to https://tokensale.mydfs.net for any reason, including but not limited to breaches of our Terms, at our sole and absolute discretion. The use of Terms of Service for MyDFS Token sale https://tokensale.mydfs.net constitutes a violation of our Terms of Service where prohibited by applicable law.
By accessing the https://tokensale.mydfs.net website, you agree to be bound by our Terms, all applicable laws and regulations, and you agree that you are responsible for compliance with — and that you are compliant with — applicable law. If you do not agree with any of our Terms, you are prohibited from using or accessing the Website; your only recourse is to stop using the Website. Any use of the Website is deemed your acceptance of our Terms as they may be modified and amended from time to time. The materials contained in the Website are protected by applicable copyright and trademark laws and treaties. You should check back often in case our Terms undergo changes. By accepting our Terms, you expressly allow us to export data outside of the jurisdiction in which you reside and/or are located and/or any mediating proxy server(s) is/are located when you access mydfs.net.
Use of https://tokensale.mydfs.net and use of MyDFS tokens (MyDFS) may carry financial risk. https://tokensale.mydfs.net and MyDFS tokens, therefore, are to be used as experimental software utilities only. In no event shall https://tokensale.mydfs.net be liable or responsible for any damages, claims, losses, injuries, delays, accidents, costs, business interruption costs, or other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, loss of digital currency or digital assets, work stoppage, data loss, computer failure or malfunction, or any other commercial or other losses directly or indirectly arising out of or related to: our Terms; the Privacy and Transparency Statement; any service of https://tokensale.mydfs.net; the use of https://tokensale.mydfs.net; the use of MyDFS tokens; any use of your digital assets or digital currency on https://tokensale.mydfs.net by any other party not authorized by you (collectively, all of the foregoing items shall be referred to herein as “ Losses”). https://tokensale.mydfs.net is hereby released by you from liability for any and all Losses. We disclaim any and all warranties or guarantees, including any warranty of merchantability and warranty of fitness for any particular purpose. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, strict liability, or any other basis.
Terms of Service for MyDFS Token sale and damages, and without regard to the success or effectiveness of other remedies.
3. Prices, Exchange Rates, and Confirmations
Digital currency and digital assets are highly experimental and risky. The conversion service available on https://tokensale.mydfs.net to convert to or from Bitcoin and alternative digital currencies attempts to provide accurate price and exchange rate information, but this information is highly volatile and can change quickly without users necessarily being aware of these changes. MyDFS typically regards digital currency payments as “accepted” when one block confirmation has been registered, however, due to varying security between blockchains, MyDFS reserves the right to require additional block confirmations to reduce risk of fraudulent double spending attempts or errors related to forks. https://tokensale.mydfs.net may occasionally accept a payment with zero confirmations, though this decision is at https://tokensale.mydfs.net’s sole discretion. It is important to note that a payment being broadcast to the blockchain network does not constitute an acceptance by https://tokensale.mydfs.net of that payment. The User’s payment must be received by MyDFS within a period of 20 minutes in order to receive the guaranteed exchange rate. Please contact MyDFS customer support for more information on exchange rates.
4. MyDFS Token sale Coin Distribution of MyDFS tokens (MyDFS) on https://tokensale.mydfs.net and using MyDFS application.
a. Duration of the Token sale
The Pre-sale Period starts on April 16, 2018 and ends on May 6, 2018 GMT+0
The Token sale period starts on May 21, 2018 and ends on June 12, 2018 GMT+0.
b. Token sale Returns and Refund Policy
Important : Digital currencies, tokens, and digital assets are, by their nature, generally irreversible, and their exchange rates are highly volatile and transitory. For these reasons, customers may not receive refunds for confirmed transactions.
c. Token sale Start Date
MyDFS reserves the right to change the start date of the Token sale as well as the right to extend the sale duration for any reason, including early completion of the initially proposed 2 rounds, failure to complete the sale of MyDFS tokens.
Although MyDFS does not currently anticipate doing so, it also reserves the right to shorten the sale duration for any reason.
d. Valuation of MyDFS tokens (MyDFS) during the pre-sale and Token sale MyDFS tokens will be valued at a basic price of $1.
e. Token sale Portal
The Token sale will be conducted by MyDFS, through the following website: https://tokensale.mydfs.net and through MyDFS application linked on the mentioned site.
f. MyDFS Token Distribution
All MyDFS digital tokens purchased or received during the Token sale will be distributed within 7 days of the closing date of the Token sale, which shall be: 32 days. The amount of coins that are created for the MyDFS chain are all dependent on how many coins sell during the Token sale. Because we do not know the total that will be sold, the Token sale operates based off of percentages to ensure fairness for all. The Token sale percentages are as follows.
g. Fraudulent attempts to double spend
MyDFS and its affiliates will monitor all potential transactions and potential transactions for fraudulent attempts to double spend Bitcoin. When any double spend of Bitcoin or any other digital currency or asset accepted in the Token sale is detected, no MyDFS assets will be distributed to the associated blockchain wallet address or https://tokensale.mydfs.net ledger based wallet. By attempting to gain MyDFS fraudulently through double spending, an Token sale participant jeopardizes all Bitcoin or other digital currency or asset associated with the blockchain wallet address, as no MyDFS assets will be distributed to the account associated with that bitcoin or digital currency or asset address. Users deemed to have engaged in fraudulent behavior or attempted fraudulent behavior forfeit any potential refunds of their assets or digital currency.
5. Governing Law
The Agreement and these Conditions shall be governed by and construed in accordance with the law of Isle of Man, and any and all laws applicable therein.
6. Permissible Use
MyDFS and all its services may be used only as a mechanism of software ledger entry translation between the User and MyDFS. You are prohibited from using https://tokensale.mydfs.net for the purpose of transacting ledger entries with other parties, with the exception of explicit payment for goods and services.
MyDFS may revise our Terms at any time and without notice to you or third parties. By using the https://tokensale.mydfs.net website, you agree to be bound by the then-current version of our Terms.
By using the https://tokensale.mydfs.net website and all of MyDFS services, you confirm that you are not a U.S. or Singapore or People’s Republic of China citizen resident or entity (a “U.S. or Singapore or PRC”) nor are you purchasing MyDFS tokens on behalf of a U.S. or Singapore or PRC Person. Or registered professional investor who are permitted to purchase digital tokens by regulations of respective countries.
By using the https://tokensale.mydfs.net website and all of MyDFS services, you declare and certify having carried out research or taken relevant advice from specialized attorneys to ensure that no legislation or regulation applicable to my situation and my place of residence, or no position or recommendation from a competent national authority prohibits me or limits me in the purchase and the possession of tokens, and more widely in the possession of cryptocurrencies.
From time to time, we may need to spend time dealing with issues brought to us by customers. Where any customer issue is not caused by our negligence or oversight, we reserve the right to recover reasonable administrative costs spent addressing the customer issue, including costs related to technology deployed to address the customer’s issue and compensation provided for the MyDFS customer service representative’s labor hours.
9. Privacy and Transparency Statement
MyDFS respects the privacy of its Users by not requesting any information that is unnecessary for the use of the service or to comport with our obligations under applicable law.
You accept that MyDFS will generally comply with all reasonable legal requests for information from it. We reserve the right to provide information to law enforcement personnel and other third parties to answer inquiries; to respond to legal process; to respond to the order of a court of competent jurisdiction and those exercising the court’s authority; and, to protect MyDFS and our users.
10. Company details
Name: MYDFS LIMITED
Registration number: 015685V
Registration address: 12-14 FINCH ROAD, DOUGLAS, IM1 2PT, Isle of Man
Date of registration: 28 December, 2017
Tel: +44 2039174117
Email: [email protected]