Terms of Use and Privacy Policy

FTN INITIAL EXCHANGE OFFERING TERMS.

IEO is governed by the following terms. These terms refer to any person interested in participating in the IEO (“IEO Participant” or “you”). FTN will be issued as an ERC20 token on the Ethereum Blockchain. These terms govern online services for the exchange of digital assets. 

BUYING FTN IN THE IEO

1. FTN IEO launches on 18th of January, 2023, at 00:00 UTC. A maximum of 1,000,000,000 (one billion) FTN is created. IEO Participants will be offered maximum of 10,000,000 (ten million) FTN as part of the IEO. 
2. You have the opportunity to acquire FTN until 20th of January, 2023, until the maximum amount of 10,000,000 (ten million) FTN is sold. The IEO is structured as follows:

    The IEO ends at the time of the following event occurring earlier: 

         (i) Till 20th of January 2023 (the end of the public sale phase),

         (ii) The maximum amount of 10,000,000 (ten million) FTN has been acquired by IEO Participants.

     3. FTN can be acquired through offer bindingly to exchange Token into FTN to Fastex exchange (“Exchange Offer”). In order to make the offer you have to take the following steps: 

           a) Fill in correctly all necessary, valid and correct data on Fastex’s Launchpad page

           b) Click "Buy allocation" button agreeing with these terms and Privacy Policy and confirm your transaction. 

For the avoidance of doubt in this context the word "Buy allocation" is to be interpreted and qualified exclusively as "binding offer to accept the receipt of FTN in exchange for the specified amount in USDT (“Token”)”. Fastex Launchpad at its sole discretion may or may not accept such offer after having received an Exchange Offer. After receiving FTN in its Fastex exchange Wallet an IEO Participant is called an FTN Holder. The IEO Participant should pass KYC at Fastex exchange before buying allocations in Fastex Launchpad. 

At the time of the final click “Buy allocation” any conversion of Token required in connection with an Exchange Offer will be calculated based on the exchange rates offered via Fastex. You will see and check the offered conditions in the course of the Exchange Offer on your trading screen prior to your confirmation of the transaction.

You can be required to give certain specified information when making an Exchange Offer. You are aware and accept herewith that Fastex may at its sole discretion decide at which point in time you must deliver copies of passports (in notarized and apostilled form or not) and any other documents required by law and/or as defined in Privacy Policy of Fastex; if being a legal entity copies of company register excerpts or equivalent documents (in notarized and apostilled form or not) and any other documents required by law or as defined in Privacy Policy of Fastex.

Fastex may also exclude any IEO Participant at any time based on good reasons (like Anti-Money-Laundering reasons, attempted frauds, etc).

POST IEO

You, as a FTN holder, understand and accept that throughout the time the individuals and entities, including involved entities assigned to this task (in particular Fastex and any of its affiliates), will undertake to develop and further complete Fastex with their reasonable efforts, it is possible that such development might fail and that Fastex – on whatever form of technology it is based on – might (partly) not be created, might become useless and/or valueless due to technical, commercial, regulatory or any other reasons.

You, as a FTN Holder, are also aware of the risk that even if all or parts of Fastex are successfully developed and released in full or in parts, due to a lack of public interest, Fastex on – whatever form of technology it is based on – could be fully or partially abandoned, remain commercially unsuccessful, or shut down for lack of interest or other reasons. 

You as a FTN holder therefore understand and accept that the exchange of FTN and/or the allocation, use and ownership of FTN carries significant financial, regulatory and/or reputational risks, including the complete loss of value (if any and in whatever form such value is measured or hoped for) of FTN and attributed features thereto.

FURTHER AGREEMENTS 

Each IEO Participant/ FTN holder understands and accepts the risks in connection with Fastex, FTN, and/or with Fastex and/or being, becoming or ceasing to be a FTN Holder as described above. Without being limited to the mentioned risks, each IEO Participant understands the inherent risks set forth above and hereinafter.

      1) Regulatory risk

It is possible that certain jurisdictions will apply existing regulations, or introduce new regulations addressing, on blockchain technology-based applications, which may have negative influence on the current setup of Fastex and which may, inter alia, result in substantial modifications of Fastex, including its termination or the loss of FTN or any value which FTN might have. Fastex system technology is planned for a market, which is not regulated by financial markets rules. It is the design and intended structure not to fall under any financial market rules and Fastex or any of its affiliates intends to design, modify and/or adapt the technology in such way that financial market rules are not applicable on any cryptographic blockchain-based digital information units and/or Fastex system technology. Respectively within the regulatory risk category also changes in Fastex with respect to such adaptions, amendments and re-designs may cause termination or the loss of FTN or any value which FTN might have.

     2) Software weaknesses risk

There is no guarantee or warranty that the process for receipt, use and ownership of any cryptographic blockchain-based digital information units will be uninterrupted or error-free and there is an inherent risk that the software and related technologies and theories could contain weaknesses, vulnerabilities or bugs causing, inter alia, the complete loss of any cryptographic blockchain-based digital information units, in particular but not limited to Token, Euros or any value of any cryptographic blockchain-based digital information units as the underlying software application and software platform, Fastexs, mobile applications and system technology, the smart contract systems and other involved software and technology and technical concepts and theories in connection with Fastex are still in an early development stage and unproven.

     3) Lack of success/ Risk of abandonment 

Due to many reasons the allocation of FTN and the development of Fastex might be abandoned such as lack of interest from industry, community and/or the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). It is possible that you do not receive any functionality through the FTN held by you, even if Fastex is partially or fully developed and launched.

     4) Blockchain mining attacks: 

Fastex may be susceptible to attacks including but not limited to majority mining power attacks, double-spend attacks, “selfish-mining” attacks, and race condition attacks or any other mining or non-mining related attacks. Any successful attacks present a risk to Fastex, expected proper execution and sequencing of FTN transactions, and expected proper execution and sequencing of software computations.

     5) Risk of internet vulnerability and theft

Fastex system technology, the software application and software platform, the smart contract system(s), other involved software, other technology components and/or platforms in connection with Fastex may be exposed to electronical or physical attacks that could result in theft or loss of cryptographic blockchain-based digital information units including FTN, or the theft or loss of private data, impacting the ability to develop, launch or use Fastex. You should be aware that SMS/ messages and email services are vulnerable to spoofing and phishing attacks and should use care in reviewing messages purporting to originate from Fastex or any of its affiliates. You should always log into your Fastex account to review any transactions or required actions if you have any uncertainty regarding the authenticity of any communication or notice. You should note that phishing attacks often occur despite SMS or email or equivalent services, via search engines or ads in search engines, or other fraudulent links. Neither Fastex nor any of its affiliates does take any responsibility for lost FTN or any other funds due to spoofing, phishing or other equivalent attacks.

      6) Risk of depreciation in value / extreme volatility

IEO participant assesses the value and price of FTN by his own assessment and risk. As cryptographic blockchain-based digital information units are not regulated the value of FTN is assessed differently. You accept and acknowledge that the value of FTN might experience extreme volatility and/or the value of FTN might decline to zero. As additional costs with respect to regulatory or other risks might be triggered – and if such costs are added for the purpose of calculation to the value of FTN (whatever value you might give to FTN) –FTN might also decline in their value to zero.

      7) General risk

There is no guarantee/warranty whatsoever on FTN and/or the success of Fastex, expressed or implied, to the extent permitted by law, and that FTN is created and obtained at your sole risk on an “as is” and “under development” basis and without, to the extent permitted by law, any guarantees/warranties of any kind, including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose.

      8) Market and community risk

You are aware of the risks of soft and hard forks and splitting including the broad possible changes to FTN which might be imposed by the market/community on FTN and Fastex.

      9) Tax risk

The tax consequences of the exchange of Token into FTN, the purchase or allocation of FTN, the exchange of FTN into Token, the holding of FTN, the alienation of FTN and/or any other action or transaction related to FTN may have tax implications in your sphere; You, therefore, should contact your own tax advisors on the tax consequences in connection with FTN  and Fastex; by making an Exchange Offer to Fastex, and/or by receiving, using or holding FTN, and to the extent permitted by law, you agree not to hold any associated party (including Fastex and its affiliates, FTN Developer, Fastex's auditors, Fastex's contractors, Fastex's advisors, Fastex's employees or Fastex's founders) liable for any tax liability associated with or arising from making an Exchange Offer, the allocation, use or ownership of FTN or any other action or transaction related to Fastex.

10. GOVERNING LAW. 

This FTN Initial Exchange Offering Terms (“Terms”) shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to conflicts or choice of law rules or principles. Any dispute that arises out of or in connection with this Terms shall be referred to and finally resolved by the courts of the British Virgin Islands.

NO LIABILITY

You acknowledge and agree that, to the fullest extent permitted by any applicable law, you will not hold any FTN Developer liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use FTN or Fastex 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 FTN Developers or Fastex 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 smart contract system, FTN or Fastex.

You further acknowledge that FTN Developers are not liable, and you agree not to seek to hold them liable, for the conduct of third parties and that the risk of creating, holding and using FTN rests entirely within your sphere.

By receiving, holding or using FTN, and to the extent permitted by law, you agree not to hold any third parties or FTN Developers liable for any regulatory implications or liability associated with or arising from the allocation, ownership or use of FTN or any other action or transaction related to Fastex.

In the course of delivering the negotiated services, Fastex is compliant with the GDPR.

MISCELLANEOUS

Fastex has the right to disclose any data to any competent authority if the data is requested to be disclosed by such authority in order to track or investigate any relevant cases. Fastex reserves the right to cooperate with such authorities to the maximum extent possible.

You accept and confirms with each transaction hereunder that you accept and confirm these Terms in the current form. These Terms exclusively apply to the relationship between you and Fastex, with respect to the allocation, use and holding of FTN and supersede any prior statements or agreements with respect thereto. 

Changes to and amendments of these Terms, including this clause, may be made by Fastex at any time and become effective within 1 month after having published such changes or amendments on the homepage of Fastex. 

The failure of Fastex to enforce or to exercise, at any time or for any period of time any term of or any right or remedy arising pursuant to or under these Terms shall not constitute, and shall not be construed as, a waiver of such term or right or remedy and shall in no way affect Fastex’s right to enforce or exercise it later, provided that such right is not time barred, expired or precluded. Any waiver to this effect must be explicitly in writing.