- Make your order
- Send Bitcoins to the exchange
- These instantly change to Kauri
- Your Kauri are automatically sent right to your E-Wallet
- Make your order
- Send the Kauri to the exchange
- The Kauri are offered on the stock exchange.
- Someone buys them for Bitcoin
- The Bitcoins are automatically sent to your E-wallet
Kauri in 3 steps
Exchange them for Kauri
2 steps are enough
Go to the exchange:
These Terms and Conditions of Commerce (hereinafter referred to as “Terms and Conditions”) adjust the mutual rights, obligations, and the principles of the contract between you, the “Exchanger” trading the KAURI tokens for the Bitcoin cryptocurrency coin, and the company British Asset International Limited, Company ID No. 91299, based in Ajeltake Road, Ajeltake Island, Majuro, Marshall Island, bought by the director of the company, Mr. Jiří Vokáč Čmolík (hereinafter referred to as “the Company”).
The Company is a Private Limited Company () and does not provide investment services in the sense of regulating business on the capital markets, or investment services according to the law regulations in force and effect in the territory of any state.
Only an individual over the age of 18, expected to have the experience, and knowledge of the cryptocurrency environment and blockchain technology, can become the Exchanger of Kauri tokens.
From the trade of Kauri for bitcoin (and vice versa) are excluded the citizens, residents (green card holders) and taxpayers of the United States, including Puerto Rico, the Virgin Islands, and other territories held by the United States, as well as citizens and residents of the People’s Republic of China ( including Hong Kong), Japan, the Kingdom of Thailand and high-risk countries (Afghanistan, Bosnia and Herzegovina, Central African Republic, Cuba, Congo, Democratic People’s Republic of Korea, Eritrea, Ethiopia, Guinea Bissau, Iran, Iraq, Libya, Somalia, Sudan, Syria, Uganda, Yemen, and Vanuatu). Outside the above-mentioned states, the exchange of Kauri for bitcoin (and vice versa) is permitted for all natural persons over 18 years of age, ss the previous point.
The Company reserves the right to change, modify, or remove certain parts of the Terms and Conditions at any time. Although the company seeks to transmit any conceivable change in the Terms and Conditions to the Exchanger, this is not always technically possible. The change of business conditions is posted on the website, and the Exchanger must regularly monitor the business conditions. The new Terms and Conditions take effect upon the publication on the website; each change of the Terms and Conditions is numbered, provided with the date of entry into force with its previous versions available.
The Exchanger agrees, and the Company agrees to the rules of use of the “Kauri Exchange Office” based on the following business conditions:
1. Kauri Exchange Office
1.1 The exchange rates displayed on the Exchange Office come directly from the LAToken cryptocurrency exchange, from where they are obtained through their current publicly available record (the so-called LAToken API).
1.2 During the processing of the shift, a so-called order is also created in an adequate value, directly on the LAToken exchange, specifically for the KAU / BTC pair.
1.3 The “Kauri Exchange Office” is thus only an intermediary for the exchange of bitcoins for Kauri (or vice versa) through the LAToken exchange, and not one of the active parties to the exchange.
1.4 The Exchanger declares that he has become acquainted with the Kauri cryptocurrency strategy, as well as he is familiar with the Bitcoin cryptocurrency project and has obtained all the information necessary to make the decision to exchange bitcoin for Kauri (or vice versa).
1.5 At the same time, the Exchanger declares that he has read all the publicly available information on the functioning of the “Kauri Exchange Office” (www.kauricrypto.com) and has an understanding and comprehension of all the risk that may accompany the use of the “Kauri Exchange Office”.
2. The Course of the Exchange of Bitcoin for Kauri
2.1 The exchange process begins by filling out the order on the website of the “Kauri Exchange Office” where one fills in how many bitcoins they want to buy in exchange for Kauri, and also their receiving address for Kauri (i.e., the address of the Ethereum wallet with ERC20 token support).
2.2 The Exchanger is obligated to save the identification number of his transaction (transaction ID); it being the Exchanger’s only identifier, which in case of complications is used to find the transaction in the Company’s database.
2.3 As part of the third step of the order process, the Exchanger will receive information on the number of bitcoins and the address of the wallet to which the number of bitcoins is to be sent. Thus, for the correct course of the exchange, the Exchanger must enter this data precisely when sending the transaction.
2.4 After the approval of the transaction sent by the Exchanger by the Bitcoin network, the system takes the given amount, automatically deducts all fees – LAToken exchange fees, network fees, 2% trading fee, 1% risk fee and 2% exchange commission – from the transaction and places the remainder on the LAToken exchange as a so-called market order, which immediately buys Kauri from the at the moment available offers from the so-called order book. The amount of Kauri purchased in this way is automatically sent to the receiving address (i.e., the address of the wallet) which the Exchanger entered during the creation of the order.
2.5 The delivery of Kauri to the receiving address (i.e., the address of the wallet), which the Exchanger entered during the creation of the order, completes the exchange.
3. The Course of the Exchange of Kauri for Bitcoin
3.1 The exchange process begins by filling out an order on the “Kauri Exchange Office” website, in which one fills in for how much Kauri they want to buy bitcoins and their receiving address for bitcoins.
3.2 The Exchanger is obligated to save the identification number of his transaction (transaction ID); it being the Exchanger’s only identifier, which in case of complications is used to find the transaction in the Company’s database.
3.3 As part of the third step of the order, the Exchanger will receive information on the number of Kauri and the address of the wallet to which the number of bitcoins is to be sent. Thus, for the correct course of the exchange, the Exchanger must enter this data precisely when sending the transaction.
3.4 After the approval of the transaction sent by the Exchanger by the network, the system takes the given number and automatically places it on the LAToken exchange as a so-called limit order. Which then creates an offer at the current exchange rate and deposits it into the so-called order book. Here Kauri wait until, or if, at the given price someone buys them.
3.4.1 After all the Kauri offered in this manner are automatically sold to the receiving address previously entered by the Exchanger during the order creation, the number of bitcoins thus obtained –reduced by all fees – LAToken exchange fees, network fees, 2% trading fee, 1% risk fee and 2% exchange commission — will be sent.
3.4.2 If the given number of Kauri (or a part of it) does not find a buyer after 24 hours (from the delivery of Kauri from the Exchanger to the address of the Exchange Office), the Exchanger has the option of cancelling their order, as a result of which the unsold part of the Kauri will be returned to his original wallet address. If the Kauri tokens remain unsold after 168 hours, the order will be cancelled automatically (and with it the unsold number of the Kauri).
3.5 The exchange is terminated
3.5.1 either by the delivery of the number of bitcoins obtained by the sale of Kauri at the LAToken exchange to the receiving address (i.e., the address of the wallet), which the Exchanger entered during the creation of the order.
3.5.2 or the cancelation of the order and returning the number of Kauri which were sent by the Exchanger during the course of the exchange and which were not sold on the LAToken exchange, to the Exchanger’s receiving address (i.e., the address of the wallet) entered during the creation of the order.
3.5.3 In the case that the LAToken fails to sell the entire quantity of Kauri which the Exchanger entered during the creation of the order and sent to the address of the Kauri Exchange Office, the exchange, with an adequate combination of partially fulfilled conditions from points 3.5.1 and 3.5.2, will be considered terminated.
4. Risks and Disclaimers
4.1. The risk of a loss of the Exchanger’s private key to his wallet, where Kauri or bitcoin are stored. The Exchanger must have the private keys stored in a secure place and bears full responsibility for their potential loss, thus the loss of their cryptocurrencies. The Company is not liable for an incorrectly entered Exchanger’s address of the wallet in the order process nor for any Kauri sent to the wallet entered by the Buyer, which does not support ERC20 tokens. For Kauri, the Company recommends the software wallet MyEtherWallet and the hardware wallet Trezor, which accept ERC20 tokens.
4.2. The risk of the protocol ERC20 on the blockchain Ethereum. Kauri runs on the blockchain of the platform Ethereum any potential technical difficulties, hacker attacks, or business or legal problems, or state regulations also directly affect Kauri. The Company has no control over these situations and potential problems, and any potential problems with the Ethereum network are considered force majeure for which the Company does not bear any accountability. The same applies to any potential problems with the Bitcoin network.
4.3. The Exchanger is aware that the exchange of bitcoin for Kauri (or vice versa) does not subject to any regulation nor investment protection from the term of any state. Kauri is a cryptocurrency of a shared economy with an open ledger, blockchain on Ethereum. The Company exchanges bitcoin and Kauri “as they are” and is not liable for any changes or impediments to the proper operation caused by the changes in their networks.
4.4 At the same time, the Company does not bear any liability in the cases when the Exchanger either or both loses the identification number of their transaction (i.e., the transaction ID), and does not abide by the instruction; either, sending their cryptocurrencies, for the purpose of exchanging it, to the address of the wallet of the Exchange Office in other quantities than instructed, or sends them directly to the wrong address, or both.
5. Personal Data Protection
5.1. The Company does not unnecessarily collect personal data. Only the data necessary to carry out the Exchanger’s order (i.e., the address of the software/hardware wallet, or the network interface identifiers (IP addresses) are collected and stored in the Company’s secure database.
5.2. The Exchanger has the right to request the Company to communicate which of the Exchanger’s personal data has the Company stored in its database and request the deletion of this data from the Company’s database through the email address firstname.lastname@example.org.
5.3. The Company does not disclose the personal data of the Exchanger to any third party, and all the transactions are to be considered confidential business secrets between the Exchanger and the Company. The Company will not disclose any personal data of the Exchanger to the state authorities of any state, namely the data concerning the addresses of the software/hardware wallets. The only exception to this rule makes the investigation of the Exchanger by Interpol, in which case the Company will cooperate at Interpol’s request.
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