Edgecoin crowdsale agreement - edgecoinli/edgecoin-smart-education-solution GitHub Wiki

Edgecoin crowdsale agreement

The following terms will define the use of the Edgecoin smart contract and the tokens on the decentralized distributed Ethereum blockchain.

Use and nature of smart contracts and their tokens

An academic smart contract (hereinafter only “smart contract”) is a software that is deployed and will work on the decentralized Ethereum blockchain. Edgecoin (hereinafter “token”) was initially developed and deployed by Andromeda Foundation (hereinafter “we” or “us”). The tokens are part of the smart contract and ensure its interaction with the Ethereum blockchain. By using smart contracts and their tokens you acknowledge and represent that you have carefully read and accepted this agreement between yourself as the user and our Andromeda Foundation.

Purpose of the smart contract and tokens

The tokens will be used to store data such as degrees, certificates and job records on the Ethereum blockchain.

Liability

We are not liable for any lost funds if an unsupported wallet is used by you. Please only use the suggested wallets that you find on our ICO announcement website or do your own research for supported wallets.

Converter

You are responsible to check the amount you are transferring equals to the amount agreed upon by our smart contract and our terms. Every 1 ETH will result in a 5.000 EST (Edge Smart Token) return, unless you participated with a bonus or within the pre-ICO phase.

Description of the software

Due to the nature of the Ethereum blockchain our core software cannot be changed after deployment. The maximum number of coins implemented in the blockchain is determined by the amount of ETH transferred during the ICO. A maximum of 100,000,000 EDGE tokens will be created.

Dispute resolution

Any dispute, controversy or claim arising out of or relating to this agreement, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the arbitration rules (https://github.com/edgecoinli) in the version in effect at the time of the filing of the claim. Unless the parties agree otherwise in writing, the language to be used in the arbitral proceedings will be English. Any dispute arising out of or related to this agreement is personal to you and Andromeda Foundation and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a dispute as a representative of a group of individuals. Further, a dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

Pre-ICO Participation

Participation in the pre-ICO provides a 100% bonus rate on the base conversion rate. Pre-ICO contributions are non-refundable as all funds raised will be withdrawn, converted to fiat, and then used to support the main ICO, hire employees and boost public relations such as marketing and exchanges.

ICO Participation

If the ICO does not reach set minimum, 100% of all funds contributed during the main ICO period can be claimed back by the investor, minus any gas.

Severability

If any term, clause or provision of these terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these terms.

Other provisions

These agreement and terms are not boilerplate. If you disagree with them, believe that any should not apply to you, or wish to negotiate these terms, please contact us at [email protected] and immediately stop using the blockchain. Do not use the Ethereum blockchain until you agreed upon this agreement and terms of use.