CLIMATECOIN GENERAL TERMS & CONDITIONS FOR THE SALE OF CLIMATECOIN CO2 TOKENS
Please, read these general terms and conditions carefully, as they set forth the provisions applicable to the sale of our cryptographic tokens and, therefore, affect your obligations and legal rights in relation to your purchase of such cryptographic tokens, named ‘ClimateCoin CO2’ (hereinafter referred to as “ClimateCoin Tokens”).
These general terms and conditions (hereinafter referred to as the “T&C”), including any and all Annexes, Schedules and other documentation that are an integral part of these T&C, constitute a legally binding agreement between each Participant (as defined in Annex I) and CLIMATECOIN FOUNDATION, with residence at Bahnhofstrasse, 21, CH-6301 Zug, Switzerland (hereinafter referred to as the “Company” or “ClimateCoin” indistinctly), owner of the website available at the URL https://climatecoin.io/ (hereinafter referred to as the “Website”) and offeror of the ClimateCoin Tokens. ClimateCoin is also owner of the platform or portal for the exchange of carbon credits (hereinafter referred to as the “ClimateCoin Portal”) and application available for mobile devices.
Any reference to “you” or “your” in these T&C means you as Participant of ClimateCoin’s Continuous Token Sale (CTS) and user of the Website or the App, and any reference to “we”, “us” or “our” shall be interpreted as a reference made to ClimateCoin. All references made to a person include firms, companies, government entities, trusts and partnerships or other unincorporated body (whether or not having separate legal personality). The term “including” does not exclude anything not listed thereafter, and any obligation related to not doing something includes an obligation of not allowing that thing to be done. Headings of sections are for convenience only and shall not be used to limit or construe such sections. All sections in these T&C shall survive any termination or expiration of these T&C.
THE PURCHASE OF CLIMATECOIN TOKENS IS SUBJECT TO ACCEPTANCE OF THESE T&C. BY PURCHASING CLIMATECOIN TOKENS, THE PARTICIPANT ACKNOWLEDGES THAT HE HAS FULLY READ, UNDERSTOOD AND AGREED TO THESE T&C, AND THAT HE HAS THE NECESSARY LEGAL CAPACITY TO COMMIT HIMSELF TO THE OBLIGATIONS AND PURPOSES HERE STATED. IF YOU DO NOT AGREE WITH ANY OF THE PROVISIONS OF THESE T&C, YOU MUST NOT PURCHASE CLIMATECOIN TOKENS.
Unless otherwise stated herein, these T&C govern each Participant’s purchase of ClimateCoin Tokens. Any use of ClimateCoin Tokens, other than the purchase of such ClimateCoin Tokens, may be governed by other applicable Terms and Policies available at any given time on the Website or the App or otherwise notified to the Participant. ClimateCoin may use third party services to process the Continuous Token Sale, thus any rules applicable by such third party shall also be applicable in addition to these T&C.
2. GENERAL PROVISIONS.
2.1. You must be at least 18 years old (or over, as required by the laws that may be applicable to each Participant) and have the capacity to enter into a binding agreement with us in order to purchase ClimateCoin Tokens from the Website or the App.
2.2. This agreement is entered into between each Participant and ClimateCoin as of the date on which it is accepted by each Participant, and with the specific purpose of funding the participation in the fight against climate change, creating value by raising awareness and incentivizing environmentally responsible business.
2.3. Only Participants residing in a country whose regulations (broadly defined) are not incompatible with, or contrary to, cryptocurrency and blockchain technology may purchase ClimateCoin Tokens. Furthermore, by accepting these T&C the Participant guarantees that he does not reside in nor is a citizen of a country whose regulation (broadly defined) is contrary to or incompatible with the purchase and/or use of tokens. In this sense, ClimateCoin reserves the right to refuse the sale of ClimateCoin Tokens to any interested or potential Participant who does not meet the criteria set forth above.
2.4. The Participant acknowledges and accepts that these T&C are subject to changes, modifications, amendments, alterations or supplements at any time at ClimateCoin’s sole discretion, which will be effective immediately upon publication on the Website and the App. The new and amended T&C shall apply to any purchase of ClimateCoin Tokens made by the Participant after the new T&C have been published. By continuing to use the Website or the App and participating in the CTS, you accept such modifications.
2.5. The Participant acknowledges that the purchase of ClimateCoin Tokens does not entitle him to intervene in the governance, role, performance or decision-making of ClimateCoin.
3. DESCRIPTION AND TERMS FOR THE PURCHASE OF CLIMATECOIN TOKENS.
3.1. There is an unlimited number of ClimateCoin Tokens available for purchase by Participants, which may be acquired in exchange for ETH (Ether), BTC, Altcoin or fiat currency, at any time during the CTS, subject to the terms stated in these T&C.
Each Participant may use the ClimateCoin Tokens he has purchased as described in the ClimateCoin White Paper.
3.2. ClimateCoin Tokens will be created at a rate of 210 ClimateCoin Tokens per ETH.
3.3. Participation in the CTS is definitive, and the Participant expressly acknowledges that he shall not have the right to withdraw from the CTS and that ClimateCoin Tokens purchased are final and non-refundable.
3.4. In order to purchase ClimateCoin Tokens using cryptocurrencies, the Participant must have a personal wallet or an application where the Participant holds the private keys and which supports ERC-20 standard Ethereum tokens. In this sense, private keys are needed to correctly interact with smart contract functions, like transferring tokens.
ClimateCoin expressly disclaims any liability for issues arising from use of a non-compatible system by the Participant.
3.5. Specifically, in order to purchase ClimateCoin Tokens, the Participant must:
(A) If paying with cryptocurrency:
(i) if not already in possession of Ether, Bitcoin or other accepted altcoin, buy the corresponding cryptocurrency in a cryptocurrency exchange,
(ii) transfer cryptocurrency to a compatible wallet (as specified above),
(iii) access the Website or the App, and
(iv) press the “BUY TOKENS” button and, after following the steps required by the system and providing the necessary information, send cryptocurrency to the CTS address with correct data and gas limit values.
(B) If paying with fiat currency:
(i) access the Website or the App and press the “BUY TOKENS” button,
(ii) follow the steps required by the system, choosing the desired payment method (either bank transfer or credit card), and providing the necessary information and data as required by the system.
3.6. In connection with sending a token sale transaction, to participate in an Ethereum token sale you will need to fill your transaction with the following details:
(i) Address, which will be given through the Website as well as through the App,
(ii) Gas limit: select a gas limit of 250,000 or more, and
(iii) Gas price: leave at 25 gwei. Do not go above 50 or the transaction will be rejected.
For security reasons, the Participant is advised to use the Ethereum address indicated in the Website or the App to contribute ETH, BTC or accepted altcoin in exchange for ClimateCoin Tokens, for it is the only trusted source for such address. In this sense, the Participants must not use any Ethereum address information, in connection with the CTS, posted on any social media channels, even if they appear to be from ClimateCoin (that includes not using information on any translated version of our site or posts).
3.7. Participants may opt to compensate the ClimateCoin Tokens in exchange for carbon credits (recognised compensation certificate for GHGs emissions which work as ‘compensation system’ granting balance between new GHGs emissions and corresponding quantities of certified mitigations), which shall be delivered to the Participant once the ClimateCoin Portal is available to the public, and in any case within a maximum period of one (1) month after the date of the effective purchase of ClimateCoin Tokens by the Participant.
The number and value of carbon credits to be assigned to each Participant who has opted to compensate his ClimateCoin Tokens will depend on the value of the Carbon Pool as described in the ClimateCoin White Paper. That is, regardless of the value of any particular carbon credit, the carbon credits assigned to each Participant will be calculated pro rata the total number of available carbon credits. The Participant acknowledges that his right to carbon credits is not referred to any particular carbon credit nor any particular value, but instead with respect to the value of the purchased ClimateCoin Tokens.
For more information on carbon credits, please visit our Website: https://climatecoin.io.
3.9. Participants shall be responsible for implementing reasonable measures for securing the wallet, including any requisite private keys or other credentials necessary to access such storage mechanism. If the Participant’s private keys or other access credentials are lost, the Participant may lose access to the purchased ClimateCoin Tokens. In this sense, ClimateCoin disclaims any liability for any such losses, and Participants agree that ClimateCoin shall not be liable, nor have any obligation to indemnify Participants, for any such losses.
4. CONTINUOUS TOKEN SALE.
The ClimateCoin Tokens will be available as a non-stop sale made available by ClimateCoin, notwithstanding the occurrence of force majeure events, technical issues or errors, or business decisions which shall be duly notified to the public through the Website and the App.
5. LIMITATION OF LIABILITY.
5.1. ClimateCoin, its subsidiaries, affiliates, directors, officers, employees, agents, representatives, and assignees and successors, and any other third party connected to the CTS, shall not be liable for any losses howsoever caused as a result of, arising from, or in connection with, whether directly or indirectly, the following:
(i) the Participant’s use of the Website or the App or unavailability, failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure of the Website or the App or any linked website;
(ii) the Participant’s reliance on the information provided through the Website or App;
(iii) the Participant’s purchase of ClimateCoin Tokens and/or his use and/or possession of, and reliance on, the ClimateCoin Tokens he receives as a result of the same;
(iv) any results that the Participant envisages that he might obtain from the purchase of ClimateCoin Tokens;
(v) unauthorised access to or alteration of your transmissions or data;
(vi) statements or conduct of any third party on the Website or App; and
(vii) any other matter relating to the Website or App and to any of the services and goods available through the same.
4.2. Particularly, ClimateCoin cannot warrant, and therefore shall not be liable for, (i) the continuity of the contents of the Website and/or App; (ii) the absence of errors in such contents; (iii) the absence of viruses and/or other harmful components in the Website, the App and/or the server that they are connected to; (iv) the invulnerability of the Website and/or App, and/or the impossibility of violating its security measures adopted; (v) lack of utility or performance of the contents of the Website and/or App; and (vi) damages caused to the Participant or a third party by any person who violates the terms and instructions that ClimateCoin establishes or through breaches of security systems.
ClimateCoin will endeavour and use commercially reasonable efforts to ensure the availability of both the Website and the App; however, ClimateCoin shall not be held liable for any unavailability or error in the performance of the Website or App arising from: (i) maintenance tasks, (ii) circumstances beyond ClimateCoin’s reasonable control, including force majeure events (as defined below), technical issues with the Website and/or App beyond the diligent and reasonable performance of ClimateCoin, third party acts or omissions, etc.
4.3. The Participant acknowledges and accepts that cryptocurrencies are volatile and a fluctuating good based on technology and a supply and demand model, and therefore the price of ETH, BTC and altcoins, and the value assigned to ClimateCoin Tokens may vary from time to time and are not ‘set in stone’. ClimateCoin expressly disclaims any liability for any depreciation of the ClimateCoin Tokens and any losses that the Participant may suffer as a result.
4.4. ClimateCoin does not warrant, and therefore shall not be held liable for, the accuracy, usefulness or correctness of all information contained in the Website and/or App, nor of the accuracy, usefulness or correctness of any documentation published in the same. Likewise, ClimateCoin does not guarantee that the ClimateCoin Tokens are reliable or error-free.
4.5. ClimateCoin will not be liable for the accuracy, integrity or updating of the information published in the Website and/or App from other sources, as well as those contained in other platforms or websites in which a banner linking to the Website or App is located. In this sense, ClimateCoin will not assume any liability as to hypothetical damages that could be caused by the use of said information. In the event that any Participant or user of the Website or App carries out any action that may be considered illegal, contrary to the laws or that could impinge on third parties’ rights, such Participant will do so under his entire responsibility, and shall hold ClimateCoin harmless from any such actions.
5. REPRESENTATIONS AND WARRANTIES.
5.1. The Participant warrants and represents that he does not reside in nor is a citizen of a country whose regulation (broadly defined) is contrary to or incompatible with the purchase and/or use of tokens.
5.2. The Participant warrants and represents (i) that he has read and understood these T&C in full, (ii) that he fully agrees with all the information related to the ClimateCoin Tokens, whether described in these T&C, in the ClimateCoin White Paper or in any other documentation or information made available by ClimateCoin, (iii) that he has the necessary and relevant experience and knowledge to deal with cryptographic tokens, cryptocurrencies and blockchain-based systems, as well as full understanding of their framework, (iv) that he is aware of all the merits, risks (including but not limited to the risks described in Annex II) and any restrictions associated with cryptographic tokens (this is, their purchase and use), cryptocurrencies and blockchain-based system, and that he is knowledgeable as to their management, and (v) that he is solely responsible for any evaluations based on such knowledge.
5.3. The Participant warrants and represents that he shall comply with all the provisions established in these T&C and in the ClimateCoin White Paper, in addition to any other document published by the Company in connection with the CTS. In particular, the Participant warrants and represents that he does not intend to hinder, delay or defraud ClimateCoin or any other Participants or users of the Website or App, as well as that his purchase of ClimateCoin Tokens is not connected to his engaging in any illegal conduct and/or unlawful activity. Likewise, the Participant undertakes not to use ClimateCoin Tokens should their use not be legal in the applicable jurisdiction.
5.4. The Participant warrants and represents that any and all information provided in connection with his participation in the CTS is accurate, up to date and complete, and that it does not impinge on the rights of any third party. The Participant undertakes to notify ClimateCoin should any of the information provided in relation to his participation in the CTS change, become outdated or no longer be accurate or complete. The Participant shall be fully responsible for ensuring that any credentials or information linked to his purchase of ClimateCoin Tokens remain confidential and are not used by any third party.
5.5. The Participant warrants that he (i) shall not misuse the Website nor the App, by knowingly introducing viruses, worms, logic bombs or other material which is malicious or technologically harmful, (ii) shall not attempt to gain unauthorised access to the Website, the App or the server on which they are stored, or any server, computer or database connected to the same, (iii) shall not violate or attempt to violate the security of the Website or App, and (iv) shall not access information or data to which he has not been expressly granted a right to access.
5.6. To the fullest extent permitted by applicable law, and except as otherwise specified in writing by the Company, ClimateCoin Tokens will be sold on an “as is” and “as available” basis without warranties of any kind, and ClimateCoin expressly disclaims all implied warranties as to the tokens, including implied warranties of merchantability and fitness for a specific purpose.
5.7. ClimateCoin warrants that it has taken all necessary measures, within its reasonable control and the state of the art, in order to guarantee the proper functioning of the Website and the App, and to minimize system errors, both from a technical point of view and material published, as well as to prevent the existence and transmission of viruses and other harmful components to the computer systems of Participants; however, ClimateCoin does not guarantee that the Website and the App shall be fully exempt of errors, failures or malign components (of any nature) at all times.
5.8. Likewise, ClimateCoin does not guarantee the lawfulness, reliability and usefulness of the contents supplied by third parties through the Website or App. If any Participant were aware of the existence of any content that is illegal, unlawful or infringing of the rights of third parties, he shall immediately notify ClimateCoin so that we can proceed with the adoption of appropriate measures.
5.9. In the event that your jurisdiction does not allow the exclusion of certain warranties and/or disclaimers, such exclusions of warranties and/or disclaimers included in these T&C may not apply to you.
To the extent permitted by applicable law, the Participant shall indemnify, defend and hold ClimateCoin harmless, including its subsidiaries, affiliates, directors, officers, employees, agents, representatives, and assignees and successors, harmless from and against any and all claims, damages, losses, actions, demands, proceedings, expenses and/or liabilities filed or incurred by any third party against ClimateCoin arising out of a breach of any warranty, representation or obligation hereunder.
7. “KNOW YOUR CUSTOMER” AND “ANTI-MONEY LAUNDERING”.
7.1. ClimateCoin reserves the right to conduct “Know your customer” and/or “Anti-money laundering” checks and procedures on Participants if it becomes required by the applicable laws.
7.2. Participant undertakes to submit, where applicable, to such checks and procedures, and to provide all the information requested by ClimateCoin in respect thereof. In the event that any Participant fails or refuses to provide the specific and necessary information requested by ClimateCoin in due time, the Company shall have the power to terminate the Participant’s right to use the Website and/or App and the power to stop providing services to that Participant without any obligation from ClimateCoin to refund or indemnify the Participant.
8. INTELLECTUAL PROPERTY.
8.1. ClimateCoin is the sole owner or right-holder of the corresponding rights over the Website, the App and any and all contents and information therein provided, used or published, including, but not limited to, the website itself, texts, photographs, illustrations, logos, trademarks, graphics, designs, interfaces, software, technology, and any other information or content, and the services available through the Website and/or App. The Participant acknowledges that all intellectual property rights over the contents of both the Website and the App are vested, and shall remain vested, in ClimateCoin.
8.2. In particular, it is expressly forbidden to modify, copy, reproduce, publicly communicate, transform or distribute, through any means, all or part of the contents included in both the Website and the App, for public or commercial purposes, without the prior, written and express consent of ClimateCoin or, as appropriate, the owner of the corresponding rights.
8.3. In no case shall the use of or access to the Website and/or App by the Participant be deemed as a waiver, transfer, licence or grant, whether in whole or in part, of such rights by ClimateCoin. By accessing the Website and/or App, the Participant is granted a right to use the content published and available on the Website or App, as the case may be, solely for the purposes of purchasing ClimateCoin Tokens and limited to a personal and non-commercial use by the Participant.
8.4. It is strictly forbidden to use any trademarks, trade names or similar distinctive signs included or referenced in the Website or App, whether owned by ClimateCoin or any other third party, without ClimateCoin’s or the relevant third party’s consent. In no event shall the access to, or use of, the Website or App by the Participant be deemed as a grant of rights over any distinctive signs included therein.
9. FORCE MAJEURE.
9.1. ClimateCoin shall not be liable for failure to perform or comply with any of its obligations under these T&C or any other information in respect of the CTS available to the Participants through any means if such failure is caused by the occurrence of any unforeseen contingency or circumstances beyond the reasonable control of ClimateCoin (a force majeure event).
9.2. For the purposes of these T&C, a force majeure event shall include, but not be limited to, the following events: war (whether declared or undeclared), armed conflict, acts of terrorism, natural disasters or weather conditions, acts of governmental authorities or courts, industrial disputes affecting any third party, failures or fluctuations in electrical power or telecommunications service, failures or problems in regards to the Internet or a part of the Internet, hacker attacks, viruses or other malicious software attacks, and any other act that is beyond ClimateCoin’s reasonable control.
10. NO WAIVER.
In the event that, following a breach of these T&C by any Participant or under any other scenario, ClimateCoin does not take action against such Participant, or fails to require or enforce strict performance of any provision of these T&C, such failure or decision shall not be considered a waiver of ClimateCoin’s rights to assert or rely upon any such provision or right. ClimateCoin shall still be entitled to assert or rely upon its rights and remedies in any other situation. Similarly, any express waiver by ClimateCoin of any rights or provisions of these T&C in regards to particular situation shall not constitute a waiver of its rights for other similar or future situations.
If and to the extent that any of the provisions of these T&C is disallowed or found to be ineffective, invalid, unlawful or unenforceable by a court or regulator of competent jurisdiction, such provision shall to that extent be severed from the remaining provisions contained herein, which shall continue to be valid and applicable to the fullest extent permitted by law.
12. ENTIRE AGREEMENT.
These T&C, together with any other terms and conditions available on the Website and/or App from time to time, constitute the entire agreement and understanding between the Participant and ClimateCoin with regards to the Participant’s purchase of ClimateCoin Tokens and any other associated actions and circumstances.
13. PREVALENCE OF THESE T&C.
In the event of conflict or discrepancy between the provisions of these T&C and any other information or document provided in relation to theCTS, whether through the Website, the App or any other means, then these T&C shall prevail.
14. GOVERNING LAW AND JURISDICTION.
These T&C shall be governed, construed and enforced in accordance with the Laws of […], and, in respect of any actions, claims or disputes arising from, or in connection with, these T&C, each Participant agrees, with express waiver of his own jurisdiction to which he might have recourse, to subject himself to the jurisdiction of the courts of […].
The following definitions and rules of interpretation apply for the following terms:
“Altcoin” shall mean an alternative cryptocurrency accepted by ClimateCoin, other than ETH and BTC.
“App” shall mean the mobile application available at [INSERT URL], the online platform through which, together with the Website, the Token Sale will be carried out.
“Bitcoin” or “BTC” shall mean the decentralised cryptocurrency and worldwide payment system under that name based on the blockchain.
“ClimateCoin Tokens” shall mean digital cryptographic tokens, which are software digital products (not being cryptocurrency), created by ClimateCoin as a cryptographically secured representation of an operational instrument which enables issuance of tokens in Ethereum network and provides the Participant some rights, such as the right to compensate the ClimateCoin Tokens for carbon credits (recognised compensation certificate for GHGs emissions which work as ‘compensation system’ granting balance between new GHGs emissions and corresponding quantities of certified mitigations), rights described in the ClimateCoin White Paper. Specifically, it is an Ethereum smart contract, written using Solidity2 programming language by the project’s programmer.
“ClimateCoin White Paper” shall mean the informational document issued by ClimateCoin highlighting the ClimateCoin strategy, goals, terms, etc., available at https://climatecoin.io/uploads/WHITEPAPER-OFFICIAL-V5.2.pdf
“Company” or “ClimateCoin” shall mean the ClimateCoin Foundation, a publicly registered body in Switzerland with legal responsibilities and subject to audits, and who is issuing the ClimateCoin Tokens through the smart contract system operated by Ethereum.
“CTS” or “Continuous Token Sale” shall mean the offering of ClimateCoin Tokens for purchase to eligible Participants according to the characteristics described in these T&C and in the ClimateCoin White Paper.
“Cryptocurrency” shall mean digital currency, represented in these T&C by Ethereum (ETH), Bitcoin (BTC) and/or altcoins used by Participants to purchase ClimateCoin Tokens.
“ETH” or “Ether” shall mean an Ethereum cryptocurrency.
“Ethereum” shall mean a decentralized network that allows for the creation of smart contracts.
“Participant” and “you” shall mean any person who uses the Website or App and/or purchases ClimateCoin Tokens during the CTS. The Company reserves its right to set forth at any time upon its own discretion special eligibility or other requirements to certain Participants to participate in the CTS.
“T&C” shall mean these Terms and Conditions and any other rules, policies or procedures that may be issued by ClimateCoin and published from time to time on the Website and App.
“Website” shall mean https://climatecoin.io/, the online platform through which the CTS will be carried out, and all subdomains and all other respective pages of abovementioned webpage.
Unless the context otherwise requires, words in the singular shall include the plural and vice versa.
RISKS RELATING TO PURCHASE, SALE AND USE OF CLIMATECOIN TOKENS
Participants expressly acknowledge and understand that ClimateCoin Tokens, cryptocurrency, blockchain technology, Ether, Ethereum, Bitcoin, Altcoin and other associated and related technologies are new and in certain cases untested, and particularly that they are outside of ClimateCoin’s exclusive control. It is advisable that only Participants with a certain level of knowledge of cryptocurrencies, cryptography, the blockchain technology, and other related technologies, purchase ClimateCoin Tokens.
Participants acknowledge that, prior to purchasing and receiving ClimateCoin Tokens, they have been warned of the following risks, related to ClimateCoin Tokens and other relevant technologies mentioned in these T&C:
1. RISKS ASSOCIATED WITH ETHEREUM.
ClimateCoin is issuing ClimateCoin Tokens through the smart contract system operated by Ethereum.
Since ClimateCoin Tokens are based on the Ethereum protocol, any malfunction, breakdown, unintended function or unexpected functioning of the Ethereum protocol may cause the ClimateCoin Tokens to malfunction or function in an unexpected or unintended manner or have a material adverse effect on ClimateCoin Tokens.
In the same way, Ether (ETH), the native unit of account of the Ethereum, may itself lose value in ways similar to ClimateCoin Tokens, and also other ways.
Furthermore, advances in cryptography, or technical advances could present additional risks to cryptocurrencies, the Ethereum technology, ClimateCoin Tokens, which could result in the theft or loss of ClimateCoin Tokens.
Notwithstanding the foregoing, additional information about Ethereum and Ether are available at the following website: https://ethereum.org.
2. RISKS ASSOCIATED WITH LAWS AND REGULATIONS.
To the extent that blockchain is a relatively new technology that is being discussed and subjected to in-depth analysis by regulatory bodies around the world, the regulatory status of the ClimateCoin Tokens is unclear or unsettled in many jurisdictions and it is difficult to predict how or whether regulatory authorities may apply the existing regulation with respect to such technology and its applications, as well as how or whether they may implement changes to law and regulation affecting this kind of technology.
Moreover, the functioning of the Ethereum network and associated blockchain networks and ClimateCoin Tokens could be impacted by one or more regulatory inquiries or actions. This means that regulatory actions could negatively impact the blockchain technologies and thus ClimateCoin Tokens in various ways, including, but not limited to, restrictions on the use or possession of digital tokens (such as ClimateCoin Tokens), which could impede or limit their existence, permissibility or their use and possession, and their value. Particularly, ClimateCoin and ClimateCoin Tokens could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of ClimateCoin to develop the ClimateCoin project.
Likewise, ClimateCoin Tokens might be considered a security in certain jurisdictions at any given time, and each Participant assumes the consequences associated to such consideration.
It is the Participant’s responsibility to take the necessary steps, including hiring advisors and carrying out the corresponding investigation and analysis, to determine whether the purchase and/or possession of ClimateCoin Tokens holds consequences of whichever nature in his jurisdiction, and to ensure that his actions comply with the applicable regulations.
3. RISKS ASSOCIATED WITH THE PARTICIPANT’S EXPECTATIONS.
The Participant’s expectations regarding the form, value and functionality of the Website and/or App and of the ClimateCoin Tokens may not be met upon the volatile nature and continuous fluctuation of Ether, ClimateCoin Tokens or the blockchain technology in general.
Additionally, it is possible that ClimateCoin or the ClimateCoin Tokens will not be used by a large number of individuals, businesses and other organisations and that there will be limited public interest in the creation and development of its functionalities. Such a lack of interest could impact the development of the ClimateCoin project. ClimateCoin is working with third-party developers around the world to build and create an interest in the ClimateCoin project. However, ClimateCoin cannot predict the success of these development efforts or the efforts of other third parties.
Blockchain technologies are still under development and may undergo significant changes over time. Although ClimateCoin intends for the ClimateCoin Tokens to function as described in these T&C and in the ClimateCoin White Paper, and intends to take commercially reasonable steps toward those ends, ClimateCoin may have to make changes to the specifications of the ClimateCoin Tokens for any number of legitimate reasons. This could create a risk that ClimateCoin Tokens may not meet your expectations at the time of purchase.
Besides, cryptocurrencies and blockchain technologies are a new and untested technology. In addition to the risks set forth in this document, there are risks that ClimateCoin cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. This means that risks may further materialize as unanticipated.