Regarding the legal and tax ramifications, as well as other elements of the Firepin token, you should consult your own advisors. The Firepin Token is a Community Token that can be bought and sold on secondary marketplaces. This Whitepaper is not a prospectus and is not an offer to the public of financial instruments and/or securities, nor is it an offer in connection with a collective investment scheme.
This whitepaper, the Firepin tokens, and the use, holding, and trading of the Firepin tokens confer no rights, express or implied, other than the ability to trade on DLT exchanges following the Firepin Token's admission to such trading.
The Issuer's Firepin Tokens do not constitute or confer any ownership, share, security, or comparable rights, intellectual property rights, or any other kind of participation in the Issuer. The holder of a Firepin token does not have any rights to acquire any such interest or entitlement in the Issuer. Furthermore, the Issuer is not obligated to repay any investment made as a result of this Whitepaper in any form.
This Whitepaper does not imply that the information included in it is correct and complete after its publication date, or that any information provided in conjunction with it is totally accurate at any time after the date on which it is provided.
The information and content in this Whitepaper are based on current practices and legal considerations at the time the Whitepaper was written, and are subject to change as a result of any possibly applicable external regulatory factors.
Payments and/or incentives delivered in the form of Firepin Tokens ("Firepin TOKEN"), which are cryptocurrencies subject to a high degree of risk and volatility, and which may be illiquid and difficult to value, may be available or may become available in the future on the Foundation website (https://firepin.io/).
You understand, admit, agree, covenant, represent, and warrant to the Firepin the following as a condition prior to your participation in any of the Firepin Programs:
(A) You must conduct your own investigations and evaluations of any digital cryptocurrencies/tokens (i.e. Firepin Token) that will be distributed in accordance with the Foundation Programs' relevant terms and conditions;
(B) You must be aware of the legal and regulatory obligations that apply to you in connection with the acquisition, holding, trading, and disposition of Firepin Token Incentives after delivery, as well as the income and other tax consequences of such acquisition, holding, trading, and disposition;
(C) notwithstanding anything contained herein to the contrary, you specifically acknowledge and agree that trading and/or transaction in/ with Firepin Tokens may be prohibited in certain jurisdictions including, without limitation, UNITED STATES OF AMERICA AND ITS TERRITORIES, CANADA, DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA (NORTH KOREA), CUBA, SYRIA, IRAN, SUDAN, CRIMEA REGION OF UKRAINE, PEOPLE’S REPUBLIC OF CHINA (“Excluded Jurisdictions”);
THE FIREPIN TOKENS' UTILITY OR THE PROJECT DESCRIBED IN THIS WHITE PAPER ARE NOT GUARANTEEED TO BE DELIVERED.
BY AGREEING TO THESE TERMS AND CONDITIONS AND PARTICIPATING IN THE FIREPIN LIMITED, YOU ARE WAIVING YOUR RIGHTS. YOU AGREE TO HAVE NO RECOURSE, CLAIM, ACTION, JUDGMENT, OR REMEDY AGAINST FIREPIN LIMITED IF THE UTILITY OF THE FIREPIN TOKENS OR THE PROJECT DESCRIBED IN THIS WHITE PAPER IS NOT DELIVERED OR REALISED BY PARTICIPATING IN THE FIREPIN LIMITED TOKEN SALE.
WE STRONGLY URGE YOU NOT TO PURCHASE ANY FIREPIN TOKENS IF YOU ARE UNCERTAIN ABOUT ANYTHING IN THIS WHITE PAPER OR IF YOU ARE NOT PREPARED TO LOSE THE MONEY YOU SPENT PURCHASING FIREPIN TOKENS.
BEFORE PARTICIPATING IN THE FIREPIN LIMITED TOKEN SALE OUTLINED IN THIS WHITE PAPER, WE RECOMMEND THAT YOU CONSULT LEGAL, FINANCIAL, TAX, AND OTHER PROFESSIONAL ADVISORS OR EXPERTS FOR FURTHER GUIDANCE. YOU ARE STRONGLY ADVISED TO SEEK INDEPENDENT LEGAL ADVICE ON THE LEGALITY OF YOUR PARTICIPATION IN THE TOKEN SALE IN YOUR JURISDICTION.
FIREPIN TOKENS ARE NOT IN ANY WAY SHARES OR SECURITIES. YOU ARE NOT ENTITLED TO ANY OWNERSHIP OR OTHER INTEREST IN FIREPIN LIMITED AS A RESULT OF THEM. THEY ARE SIMPLY A METHOD BY WHICH YOU MAY BE ABLE TO USE CERTAIN SERVICES ON A YET-TO-BE-DEVELOPED PLATFORM. THEREFORE, THERE IS NO GUARANTEE THAT THE PLATFORM WILL BE DEVELOPED AT ALL.