Ikioo/ ikioor platform Blockchain End User License Agreement (EULA)

  1. Introduction

 

These terms and conditions ("the Terms") describe information applicable to the use of the website https://www.ikioor.com and ikioo App and its services, which is operated and owned by ikioo Technologies, Inc. a California Corporation (ikioo). By accepting utility digital assets ("Cryptocurrencies") (“Utility coins”) (“Utility tokens”) (“Tokens”) to the ikioo/ ikioor platform ("the Platform"), the User expressly agrees to be bound by all of the terms and conditions set forth. In accepting this agreement, the User acknowledges that the she/he has read this agreement, understands it, and had an opportunity to seek independent legal advice prior to agreeing to it. The User also warrants that the she/he is of a sufficient age and has full capacity to enter in this contract under applicable California and United States of America federal law. The User understands and accepts that she/he is transacting with utility cryptocurrencies generated on a permissioned ledger by ikioo Technologies, Inc. The development of the ikioo / ikioor blockchain Platform ("The Platform"), and “transition to health” concepts are further described in the ikioo blockchain White Paper ("The White Paper"). For the White Paper and/or further information on the ikioo/ikioor Platform, see: https://www.ikioo.com and https://www.ikioor.com ("the Website (s)"). The information contained in the White Paper and on the Website (s), are of descriptive nature only, are not binding and do not - unless explicitly stated - constitute part of the Terms as set forth herein. At any point, if the User does not agree to any portion of the current Terms, she/he should not proceed to use the Website(s), or participate or download the ikioo App. Ikioo reserves the right to review and amend the Terms at any time without notice. This document does not constitute a prospectus of any sort, is not a solicitation for investment, and does not pertain in any way to an initial public offering or a share/equity offering and does not pertain in any way to an offering of securities in any jurisdiction. It is the description of the functionality of the ikioo/ ikioor blockchain Platform utility tokens.

 

  1. Status of these Terms

 

2.1 The purpose of these Terms is to explain the functionality of the Platform and to notify the persons who intend to transact utility Cryptocurrencies on the Platform ("the Contributors") about the risks connected with the use of the Platform.

 

2.2 The list of risks specified in these Terms is not comprehensive, and it may not contain risks which cannot be reasonably predicted at the present time. If the User is not sure she/he can estimate the probability of occurrence of such risks, she/he is advised to contact an appropriate specialist, including but not limited to a programmer, lawyer, or adviser, before making a decision about entering into the agreement set forth by these Terms.

 

2.3 Review of these Terms does not supplant the review of the Platform, or of the full technological infrastructure in which the Platform resides, including but not limited to utility Cryptocurrencies ("the Blockchain Ecosystem"). By transferring, buying, selling or other transactional utility cryptocurrencies activities on the Platform, the User confirms that he has read instructions of the Blockchain Ecosystem and fully and unconditionally agrees with the conditions hereof.

 

2.4 The User may not take legal actions against any entities, individuals connected with using the Platform, including, but not limited to claims based on the fact she/he did not read nor did not understand the terms and conditions of the ikioo/ikioor Blockchain Ecosystem.

 

2.5 These Terms may be amended and/or updated in the future, without notice. The applicable Terms are the ones displayed on the Website. In order to obtain the most complete and current information regarding the Platform, the User should periodically review this document.

 

  1. The ikioo/ ikioor platform utility Tokens

 

3.1 Ownership of the platform utility tokens carries no rights expressed or implied, other than a limited right (a license) to use the ikioo/ikioor Platform and/or services, if and to the extent the ikioo/ikioor Platform has been successfully functional and completely launched.

 

3.2 The User understands and accepts that ikioo and neuron utility tokens as well as other functional hidden utility tokens do not represent or constitute any ownership right or stake, share or security or equivalent rights nor any right to receive future revenues, shares or any other form of participation or governance right in or relating to the ikioo/ikioor Platform in general and/or ikioo.

 

3.3 ikioo Technologies, Inc. will not issue refunds to utility cryptocurrencies transactions if such transactions are subjected, but not limited to, malfunction, interruption, or any sort of situation that prevents the platform from concluding the transaction.

 

3.4 The total utility token supply for the platform shall be determined by the ikioo Board of Directors. 49% of the total transactable ikioo utility token cryptocurrency supply and 40% of the total transactable neuron utility token cryptocurrency shall be issued to Users proportional to their Contributions to the Platform as per the rules of the Platform, and 51% of the remaining transactable ikioo utility token cryptocurrency and 60% of the total transactable neuron utility token cryptocurrency shall be created and released for ikioo to use, distribute, sell or otherwise dispose of.

 

3.5 The allocation of utility cryptocurrencies by the Platform is upon receipt of the Contribution by “the Contributors”. The Platform allocates the corresponding utility cryptocurrency to the User's address or crypto - wallet at the Platform. Issuance of utility cryptocurrencies are made by the Platform according to the allocation protocols encoded therein.

 

3.6 The User understands and accepts that any transfer of utility cryptocurrencies will only be made to the sending User Cryptocurrency Address or crypto - wallet. The User shall therefore make sure that the Contributions made originate from a Cryptocurrency address capable of receiving the transfer of utility cryptocurrencies (e.g. not a currency exchange such as Kraken, Poloniex, Coinbase, etc.). Other Contributions made are non-refundable and final. By contributing for tokens issuance, the User acknowledges that he has no right to request a refund for any reason, and that he will not receive money or other compensation for any token that is not used or remains unused, except under the functionalities encoded in the Platform and the protocol associated.

 

3.7 Only the use of the original genuine ikioo/ikioor Platform as published thereof on the Website will issue pre-specified ikioo/ikioor platform tokens. To the extent that any third-party website, service, or smart contract offers similar tokens during any Sale Period and/or facilitates the allocation or transfer of ikioo/ikioor tokens in any way during any Period, such third-party websites or services are, unless explicitly mentioned on https://www.ikioo.com and https://www.ikioor.com , not authorized by ikioo and have no relationship in any way with ikioo.

 

3.8 ikioo/ikioor platform utility tokens are digital tokens, Cryptocurrencies or crypto-coins, which enable participation on the Platform. Furthermore, certain governance functions may be implemented. If such governance functions exist, ikioo has the final decision power regarding all matters discussed.

 

3.9 Ownership of ikioo/ikioor platform utility tokens carries no rights expressed or implied other than the right to use the ikioo/ikioor platform utility tokens as a means to enable usage of and interaction with and within the Platform, as long as it is successfully functional and fully deployed. Beyond this, ownership of ikioo/ikioor platform utility tokens carries no rights expressed or implied. In particular, the User understands and accepts that she/he has no right to claim as a holder of ikioo/ikioor platform utility tokens, any intellectual property rights, equity or equivalent rights or any other form of participation in or relating to the Platform or its tokens.

 

3.10 By transferring utility cryptocurrencies to the Platform and/or upon receipt of ikioo/ikioor platform utility tokens, the User represents and warrants that she/he is not a citizen or resident of a country or jurisdiction, whose legislation conflicts with the present allocation of the Platform in general; the User has a deep understanding of the functionality, usage, storage, transmission mechanisms, and intricacies associated with cryptographic tokens, like Bitcoin (BTC) and other Cryptocurrencies, and blockchain-based software systems; the User understands and accepts that the consensus mechanism securing the Blockchain Network may change in the future, and the stakeholders who are in control of the Network may also change as a result; the User fully understands and accepts the functions implemented in the Platform; the User is legally permitted to transfer cryptocurrencies to the Platform, receive cryptocurrencies, create or obtain cryptocurrencies in the User's jurisdiction. The User understands and accepts, that failure to assure this may have the result that he will not gain access to the User's tokens; the User understands and accepts, that if his Contribution exceeds the Hard Cap as described, the Contribution will not be accepted by the Platform. The User further understands and accepts, that in such case the transaction fees ("the TX Fee") necessary will be forfeit and lost in its entirety; the User is legally permitted to receive software and to Contribute to the Platform for the development of the ikioo/ikioor Platform; the User is of a sufficient age to legally create and obtain cryptocurrency; the User will take sole responsibility for any restrictions and risks associated with the creation of ikioo/ikioor utility tokens by the Platform set forth below; the User is not submitting cryptocurrencies to the Platform and/or receiving ikioo/ikioor utility tokens for the purpose of speculative investment; the User is not obtaining or using ikioo/ikioor utility tokens for any illegal purposes; the User is purchasing the functionality of tokens issued by the Platform primarily to support the development, testing, auditing, deployment, and operation of the Platform, being aware of the commercial risks associated with the Platform; the User waives the right to participate in a class action lawsuit or a class wide arbitration against ikioo or any individual involved with the creation of the platform; the User understands the creation of ikioo/ikioor utility tokens does not involve the purchase of shares or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction; the User understands that the transfer of utility cryptocurrencies to the Platform, the creation and distribution of ikioo/ikioor utility tokens, and the development of the Platform carries significant financial, regulatory and reputational risks as further set forth in the Terms; the User understands and expressly accepts that there is no warranty whatsoever on ikioo, the Platform, and/or the success of the ikioo/ikioor Platform, expressed or implied, to the extent permitted by law, and that the Platform is used and ikioo/ikioor platform utility tokens are created and obtained at the sole risk of the User on an "as is" and "under development" basis and without, to the extent permitted by law, any warranties of any kind, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose; the User understands that the User has no right against any other party to request any refund of the cryptocurrencies submitted to the Platform and/or tokens created under any circumstance except that defined in the operating functionality of the  Platform therein; and that the User understands with regard to ikioo/ikioor utility tokens that no market liquidity may be guaranteed and that the value of the ikioo/ikioor utility tokens over time may experience extreme volatility or depreciate in full; the User understands that the User bears the sole responsibility to determine if the User's contribution to the Platform for the development of the Platform, the transfer of cryptocurrencies to the Platform, the creation of ikioo/ikioor utility tokens, the potential appreciation or depreciation in the value of ikioo/ikioor utility tokens over time (if any), the allocation of utility tokens and/or any other action or transaction related to the Platform have tax implications for the User; by creating, holding or using ikioo/ikioor platform utility tokens, and to the extent permitted by law, the User agrees not to hold any third party (including developers, auditors, contractors or founders) liable for any tax liability associated with or arising from the creation, ownership or use of ikioo/ikioor utility tokens or any other action or transaction related to the Platform.

 

3.11 As part of the contribution process the User will use his own account and/ or crypto-wallet (“Cryptocurrency addresses”) on the Platform. Following the distribution of ikioo/ikioor utility tokens by the Platform, the utility token(s) will be transferred to the User's address by the Platform. The User understands that the User must keep the User's password safe and that the User may not share them with anybody. The User further understands that if the User's password is lost or stolen, the User will be able to generate a new password or recover the User's password, but the ikioo/ikioor platform utility tokens associated with the User's account (address) possibly be unrecoverable and possibly be permanently lost. Furthermore, the User understands that there is no recovery mechanism for the tokens, so no one will be able to help the User retrieve or reconstruct any lost utility tokens.

 

  1. ikioo/ikioor Platform Execution

 

4.1 The User understands and accepts that the development and execution of the Platform may be assigned to a third-party contractor ("the Contractor"), by releasing the number of contributed cryptocurrencies by the Platform to the wallet of the Contractor. ikioo has the right to engage subcontractors to perform the entire or partial development and execution of the Platform. The scope of the development work will be decided by ikioo.

4.2 The User understands and accepts that for the purpose of the development and execution of the Platform, ikioo will receive 7% platform transactional fee. This amount covers expenses, charges and other costs that may arise by ikioo and/or its subcontractors as part of the development and execution of the Platform. ikioo has the right to support and/or acquire other companies for the benefit of successfully executing the Platform. It remains at ikioo's sole discretion to decide how to allocate the funds in order to develop and execute the Platform.

 

4.3 The User understands and accepts that the User may not have any expectation of influence over governance on the Platform.

 

4.4 The User understands and accepts that the Platform will need to go through substantial development works as part of which it may become subject of significant conceptual, technical and commercial changes over time.

 

  1. User Wallet Safety

 

5.1. Following the distribution of tokens by the Platform, the User understands that he must keep his wallet address and wallet password safe and that the User may not share them with anybody. The User further understands that if his password is lost or stolen, the utility cryptocurrencies associated with the User's Wallet will be unrecoverable and will be permanently lost. Furthermore, the User understands that no one will be able to help the User retrieve or reconstruct any utility cryptocurrencies.

 

  1. Risks

 

6.1 The User understands and accepts the risks in connection with transferring cryptocurrencies to the Platform, creating utility cryptocurrencies as exemplary set forth above and hereinafter. In particular, but not concluding, the User understands the inherent risks listed hereinafter.

 

6.2 The User understands and accepts that the Platform concept, the underlying software application and software platform (i.e. the Cryptocurrency blockchain) is still in an early development stage and is unproven, hence there is no warranty that the process for creating utility tokens will be uninterrupted or error-free and why there is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of cryptocurrencies.

 

6.3 The User understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology based applications, which may be contrary to the current setup of the Platform and which may, inter alia, result in substantial modifications of the Platform and/or the pre-programmed functionalities of the utility cryptocurrencies, including its termination, and the loss of tokens for the User.

 

6.4 The User understands and accepts that the creation of tokens and the development of the Platform may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). The User therefore understands that there is no assurance that, even if the Platform is partially or fully developed and launched, that the User will receive any benefits through the utility tokens held by the User.

 

6.5 The User understands and accepts that the Platform may give rise to other, alternative projects, promoted by unaffiliated third parties, under which issued utility tokens will have no intrinsic value.

 

6.6 ikioo/ikioor platform utility tokens can only be accessed by using a Cryptocurrency wallet with a combination of User's account information. The User understands and accepts that if the User's passphrase respectively got lost or stolen, the obtained tokens associated with the User's account (address) or password will be unrecoverable and will be permanently lost.

 

6.7 The User understands and accepts that the Platform concept, the underlying software application and software platform (i.e. the Cryptocurrency blockchain) may be exposed to attacks by hackers or other individuals that could result in theft or loss of cryptocurrencies and/or tokens, impacting the ability to develop the Platform.

 

6.8 The User understands and accepts that, as with other cryptocurrencies, the blockchain used for the Platform is susceptible to different forms of attacks, including but not limited to double-spend attacks, majority mining power attacks, "selfish-mining" attacks, and race condition attacks. Any successful attacks present a serious and possibly catastrophic risk to the Platform, expected proper execution and sequencing of transactions, and expected proper execution and sequencing of contract computations.

 

  1. Taxation

 

The User bears the sole responsibility to determine if the contribution to the Platform, including but not limited to the acquisition and/ or transactions of ikioo/ikioor platform utility tokens, change of tokens value with the course of time and the receive function of the Platform shall be a taxable event for the User. The User bears full responsibility for the timely and correct calculation and payment of all taxes due in accordance with the legislation applicable to the User. ikioo is not a tax agent of the User, as well as it does not advise the User on the order of calculation and/or the payment of taxes. The User accepts that no entity or individual involved in the creation or distribution of ikioo/ikioor platform utility tokens can be held liable for any taxes imposed in the User's jurisdiction.

 

  1. No Liability

 

8.1 The User acknowledges and agrees that, to the fullest extent permitted by any applicable law, the User will not hold any developers, auditors, contractors, founders, executive team, board of directors and board of trustees of ikioo, the ikioo/ikioor Platform and/or subsidiaries liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use, the utility tokens or the ikioo/ikioor Platform under any cause or action whatsoever of any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence) and that developers, auditors, contractors, founders, executive team, board of directors and board of trustees of ikioo and / or of the Platform, shall not be liable for any indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use of, or the inability to use of the Platform or its associated utility coins or other related functionalities.

 

8.2 The User further specifically acknowledges that developers, auditors, contractors, founders, executive team, board of directors and board of trustees of ikioo, the Platform are not liable, and the User agrees not to seek to hold them liable, for the conduct of third parties, and that the risk of creating, holding and using ikioo/ikioor platform utility tokens rests entirely with the User.

 

8.3 By creating, holding or using ikioo/ikioor platform utility tokens, and to the extent permitted by law, the User agrees not to hold any third party (including developers, auditors, contractors or founders) liable for any regulatory implications or liability associated with or arising from the creation, ownership or use of ikioo/ikioor platform utility tokens or any other action or transaction related to the Platform.

 

  1. Miscellaneous

 

9.1 The User understands and accepts that ikioo will always be in control of the ikioo blockchain. The User understands that ikioo could agree at any point to make changes to the official ikioo blockchain and to run a new version of the ikioo blockchain. Such a scenario could lead to ikioo/ikioor platform utility coins losing intrinsic value.

 

9.2 The User agrees that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.

 

9.3 The Terms govern the creation, ownership and use of ikioo/ikioor platform utility coins and supersede any public statements about the launch of the Platform made by anyone in the past, present and future.

 

9.4 The applicable law is the state of California law. Any dispute arising out of or in connection with the creation of and the development and execution of the Platform shall be finally by the applicable laws of the state of California regardless of the User’s (s) residency or local jurisdiction.