TERMS AND CONDITIONS OF “KAURI TOKEN” PRESALE
- These terms and conditions („Terms“) govern mutual rights, obligations and principles of contractual relationship between You („Buyer“) of the Kauri cryptocurrency token and the company British Asset International Limited, Company ID No. 91299 with registered address at Ajeltake Road, Ajeltake Island, Majuro, Marshall Island, represented by general director and founder of Kauri cryptocurrency, Mr. Jiří Vokáč Čmolík („Company“) selling Kauri cryptocurrency tokens in „presale“, thus in time between from 23rd of January to 12nd of December 2019 before Kauri token enters the cryptocurrency exchange.
- Contact e-mail address of the Company is email@example.com. The web site of the Project is www.kauricrypto.com. The Company will communicate with you via the Online system, the web site or electronic mail via the contact e-mail address or messages on Messenger.
- The Company is a Private Limited Company (LTD.) and does not provide investment services in the meaning of the regulation of undertakings on capital markets nor investments services according to the legal regulations valid and effective in the territory of any country.
- The Buyer must be at least 18 years of age and have advanced knowledge and experience of cryptocurrency environment and blockchain technology.
- The Buyer is not permitted to buy any tokens in presale if the Buyer is under the control of, or a national or resident of United States of America, including Portorico, Virgin Islands and other territories in held of United States of America, national or resident of People’s republic of china (including Hongkong territory), Japan, Kingdom of Thailand and on other high-risk countries (Afghanistan, Bosnia-Herzegovina, Central African Republic, Cuba, Democratic Republic of the Congo, Democratic People’s republic of Korea, Eritrea, Republic of Guinea-Bissau, Republika Guinea Bissau, Iran, Iraq, Lybia, Somalia, Sudan, Syria, Uganda, Yemen, Republic of Vanuatu and any other country subject to the United Nations sanctions).
- The Company reserves the right, at its sole discretion, to change, modify, add, or remove parts of the Terms at any time during the sale by posting the amended Terms on the Website. In case of this changes, modifications or other Company will be trying to deliver information about to the Buyer through email, though it is not always technically possible to do so, the new Terms are in effect since its publication on the website. Any Buyer will be deemed to have accepted such changes by purchasing Kauri token.
- The Buyer agrees with the purchase and the Company agrees with the sale of Kauri token in presale based on this Terms.
1. Kauri token definitions
1.1. Kauri is the cryptocurrency token of shared-economy and crowd investing. It was created on Ethereum blockchain with smart-contract standard ERC20 as „ERC20 token“ with symbol KAU, contract 0xe172F366678EC7B559F6C2913a437BaaDfd4e6c8.
1.2. Total supply of Kauri is 50,000,000 (fifty million) tokens.
1.3. The Buyer states that he/she gets to know about Kauri strategy, plans of Kauri token, Whitepaper document and gets entire intel necessary for the decision of Kauri purchase in presale on kauricrypto.com website.
1.4. Kauri token presale takes place between 22nd of January and 12th December 2019 and end by the initial listing on the cryptocurrency exchange.
2. Supply and price of Kauri tokens in presale
2.1. Total supply of Kauri is 50,000,000 tokens:
51%, 25,500,000 Kauri stay undistributed (via Whitepaper) for purposes of Kauri investment platform and other projects in 4th project Kauri phase or bonuses connected with Kauri token staking.
10%, 5,000,000 Kauri is reserved for marketing purposes in presale, community and Kauri infrastructure development.
5%, 2,500,000 Kauri has been distributed as a bonus for selected shareholders of British Asset shared-economy before 22nd of January 2019 (before the start of the presale). The rest will be used as a bonus for the management team of Kauri project.
34%, 17,000,000 Kauri is allocated to a presale for purchase purposes.
2.2. Offer „Without bonus“ is the purchase with the smallest amount possible in the presale. Price of 1 Kauri token has been established to 1.5 USD. Buyer can buy amounts from 50 USD to 999 USD. Mediums of exchange for the purchase are USD, Bitcoin, and Ethereum.
2.3. Offer „With bonus“ is the purchase from 1000 USD to 4999 USD. Price of 1 Kauri token has been established to 1.5 USD.). Also, Buyer gets the bonus up to 25% of all purchased Kauri tokens. The amount of bonus depends on the phase of presale (Whitepaper).
2.4. Offer „With higher bonus“ is the purchase from 5000 USD to 100,000 USD. As a bonus to the regular price of 1 Kauri token (1.5 USD). Also, Buyer gets the bonus up to 50% of all purchased Kauri tokens. The amount of bonus depends on the phase of presale (Whitepaper).
3. Kauri presale process
3.1. The Buyer completes an online order form designed for the purchase of offers mentioned in Terms item 2.2.-2.4. The Buyer fills in the first name, last name, telephone number, and email. Chooses amount of Kauri and payment method (from choices of USD, bitcoin and Ethereum), agrees with the Terms&Conditions and sends the form.
3.2. In 24 hours (Friday, weekends or during holidays up to 72 hours), Buyer receives the confirmation of order with payment information, account number in case of payment with USD and wallet address in case of payment with bitcoin or Ether. In the case of USD, the payment could be used USD account of Company director for easier administration
3.3. After the Buyer pays the order and Company receives the corresponding amount in USD, bitcoin or Ethereum to the account/wallet, Company confirms the Kauri purchase to Buyer. The Company sends the Buyer’s email address access data to the BackOffice on website www.kauricrypto.com. The Buyer could find the tutorials and other relevant information.
3.4. Buyer commits to deliver corresponding wallet address through a form in BackOffice. It should happen immediately after the confirmation of payment from Company side, at the latest in 21 calendar days. The latest term to send wallet addresses for Company to send Kauri is 48 hours before Kauri listing to cryptocurrency exchange in December 2019. It is not possible to send tokens purchased in presale after the initial listing of Kauri on the cryptocurrency exchange. If Buyer does not send the wallet address through form designed for it in BackOffice, his/her right to receive Kauri expires.
3.5. After the Company receives a wallet Buyer’s wallet address, Company sends the corresponding amount of Kauri to the Buyer’s wallet address within 24 hours (on Friday, weekends and holidays up to 72 hours). Company will immediately inform Buyer about this transaction. The Buyer becomes the exclusive owner of Kauri token and it is his/her responsibility to secure the wallet against any abuse or misuse. After Company sends Kauri to the Buyer’s wallet, Company does not take any responsibility for any kind of treatment nor losses, damages, etc. on the Buyer’s wallet. The Buyer could find the tutorials and technical support in the BackOffice.
3.6. Every USD, bitcoins, Ethers paid for sent Kauri are non-refundable.
3.7. In case the Buyer’s purchase exceeds the amount of 10,000 USD, Buyer could be asked to accept KYC (Know your customer) and AML (Anti-money laundering) policies in the scope of Buyer’s residential address and authentication of the money’s origin. In case of purchase through bitcoins or ethers Company does not require such operation in any amount of purchase.
4. Online system
4.1. The Online system is available for 24 hours a day, except for necessary system maintenance, which Buyer shall be informed by the Company of, and except for unexpected technical problems that may occur regardless of the will of the Company.
4.2. The Company is entitled to suspend or limit the functionality of the Online system and the web site for a reason of: security, danger or suspicion of its unauthorised or fraudulent use or the breach of generally binding legal regulations, (danger of damage to the Company, Buyer or a third party, breach of these Terms, Project agreement, obligations towards the Company; until the relevant reason passes over. Buyer shall be informed of this fact according to the nature of the matter.
4.3. Should Buyer find out the Online system may be misused, e.g. if the access password (login) is stolen, Buyer is obliged to contact the Company and request to block the access without delay. Buyer is allowed to access the Online system only in person. Buyer is responsible for actions and instructions are given via the Online system and for protection of his access information.
4.4. Individual functionalities of the Online system shall become accessible to Buyer (i.e. BackOffice).
5. Risk and disclaimer
5.1. Buyer is obligated to store his/her private keys of Kauri tokens in safe digital or hardware wallet. Company is by any means NOT responsible for any loss of requisite private key(s) associated with your digital wallet or recovery seed of your wallet. If such a loss results in loss of Kauri token, it is Buyer’s responsibility. It is the Buyer’s responsibility even if he/she fills in the wrong wallet address or the wallet without ERC20 token support. The Company recommends software wallet MyEtherWallet and hardware wallet Trezor for those purposes.
5.2. Kauri token and its platform are based on the Ethereum protocol (standard ERC20), any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or Kauri Token. Moreover, hackers or other malicious groups or organizations may attempt to interfere with the platform in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing and any legal or market problem or situations. Legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and Kauri token. Company does NOT hold any responsibilities for such complications, these circumstances are force majeure and Company has not any power to affect nor solve them.
5.3. Buyer is aware that Kauri token purchase is NOT a subject of any regulations nor any protection of investor policy effective in the territory of any country. Kauri is cryptocurrency token of shared-economy with open ledger working on Ethereum protocol. The Company sells Kauri token „as is“ and does not hold any legal responsibilities for any changes or inability to fulfill goals of Kauri strategy (Whitepaper). Buyer agrees to indemnify, defend and hold harmless Company, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities, and expenses (including reasonable attorney’s fees) relating to or arising out of his/her use of or inability to use the site or services, any user postings made by Buyer, his/her violation of any terms of this Agreement or his/her violation of any rights of a third party, or his/her violation of any applicable laws, rules or regulations.
6. Personal data
6.1. By registration in the Online system, Buyer grants the Company a consent to gather, keep and administer his/her data, to copy or transcribe his/her identification documents or their copies provided to the Company, all of that for his/her future identification during the participation on a Project. The personal data are especially his/her name, surname, address, his/her unique identification number in the database, date of birth, name of the Company, registered seat, place of business, identification number, numbers of provided identification documents, phone number, software/hardware wallet address or e-mail he/she provides the Company with. In case of the purchase exceeds the amount of 10,000 USD, according to 3.6. The Company gathers other data as Buyer’s residential address according to KYC policies. The Company holds such data in a secured database.
6.2. Buyer has the right to ask Company for information about what of Buyer’s personal data Company keeps in the hold in the Company’s database and ask Company to delete his/her email address firstname.lastname@example.org mailing list.
6.3. Company does not share any Buyer’s personal data with any third party nor subject. Every transaction is considered to be a highly confidential matter between Buyer and Company. Company will not share Buyer’s personal data with any authority of any state, especially data related to his/her software/hardware wallet. The only exception of such a rule would be an ongoing investigation of Buyer by the Interpol. In such a situation, the Company would cooperate.
Kauri project is next level of British Asset’s shared economy concept. Utility token Kauri will become an unique investment tool of whole ecosystem. By integrating advantages of cryptocurrencies withshared economy we’re making leverage for small investors. Therefore, they are able to use variety of multiple options, which were in the past available only for “whales”.
You can invest to the project of world’s first cryptohotel in early phases. First projects will lead to establishing diverse (crypto-friendly) investment ecosystem in which the budget is not the limitation for ideas and visions.
Kauri project oficially started in January 2019 and its ICO phase ends in December 2019. In 2020 we’re planning fundraising and early-realization of the world’s first cryptohotel (accepting only cryptocurrencies). Starting by 2021, new projects will be implemented to our ecosystem through Kauri investment platform. Those are first steps of our plan which intends to support British Asset and cryptocurrency ecosystem. For more information about our plan check the roadmap.
British Asset International is a startup company, which introduced its unique model of shared investments. British Asset Group primarily focus on fund raising and realization of luxury hotels in attractive destinations. We’ve assembled more than 450 investors and build properties in total value around 10 200 000 USD and already payed first dividends in worth more than 8% of initial investments to our investors.