Terms and Conditions for Participation in the StepChain ICO
These Terms and Conditions (the “Terms”) govern the purchase of StepChain Coin (“SCC” or “Tokens”) in connection with the StepChain Initial Coin Offering (“ICO”) conducted by StepChain, a company duly registered and existing under the laws of the Republic of Seychelles (“StepChain,” “we,” “us,” or “our”). By purchasing SCC Tokens in the ICO, you (“Purchaser,” “you,” or “your”) agree to be bound by these Terms. If you do not agree to these Terms, do not purchase Tokens.
1. Eligibility
1.1 Age Requirement
You must be at least 18 years old (or the age of majority in your jurisdiction) to purchase SCC Tokens.
1.2 Legal Capacity
By purchasing Tokens, you represent and warrant that you have full legal capacity and authority to enter into these Terms and that doing so will not violate any laws or regulations applicable to you.
1.3 Compliance with Laws
It is your sole responsibility to determine if your participation in the ICO is lawful in your jurisdiction. By purchasing Tokens, you represent and warrant that such purchase complies with all laws and regulations applicable to you.
2. No Securities Offering
2.1 Non-Security Asset
SCC Tokens are not intended to be securities, commodities, swaps on either securities or commodities, or any other form of regulated financial instrument in any jurisdiction.
2.2 No Shareholder Rights
The purchase of Tokens does not grant you equity, voting rights, dividends, profit-sharing, or any other rights typically associated with securities or ownership interests.
3. Risks
3.1 Risk Acknowledgment
You acknowledge and accept the risks associated with SCC Tokens, including, but not limited to, regulatory, technological, market volatility, and liquidity risks as generally described in documentation provided by StepChain (such as the White Paper).
3.2 No Guarantee of Value
There is no guarantee that SCC Tokens will hold any particular value, have liquidity, or be tradable on any exchange. You may lose all or part of the funds you invest.
4. Purchase Process
4.1 Payment Method
Purchases must be made using the currency and payment methods authorized by StepChain. Any applicable fees (e.g., blockchain transaction fees) are your responsibility.
4.2 No Refunds
All purchases are final. StepChain is not obligated to provide refunds, except as may be required by applicable law.
5. Delivery of Tokens
5.1 Network Launch
Tokens will be delivered upon the occurrence of a Network Launch or another trigger event as described in the White Paper or the ICO materials provided by StepChain.
5.2 Wallet Responsibility
You are solely responsible for the secure storage of your Tokens and the private keys or passwords necessary to access your wallet. StepChain will not be liable for any loss of Tokens due to your mishandling of wallet credentials.
6. Regulatory and Compliance Matters
6.1 Legal Requirements
StepChain may conduct know-your-customer (KYC), anti-money laundering (AML), and other compliance checks. You agree to provide requested information and documentation.
6.2 Restricted Jurisdictions
StepChain may restrict or refuse the sale of Tokens to individuals or entities from certain jurisdictions. You agree not to circumvent such restrictions.
7. Intellectual Property
7.1 Ownership of IP
All intellectual property rights related to the SCC Tokens, the StepChain ecosystem, branding, logos, and content are owned by StepChain or its licensors.
7.2 No License Granted
Purchase of Tokens does not grant you any license to use StepChain’s intellectual property, unless expressly stated by StepChain in writing.
8. No Advice
8.1 No Investment Advice
StepChain does not provide any investment, legal, tax, or financial advice. You should consult with professional advisors before participating in the ICO.
8.2 No Fiduciary Duty
StepChain does not act as your agent, fiduciary, broker, or investment manager.
9. Limitation of Liability
9.1 No Liability for Losses
To the fullest extent permitted by law, StepChain, its directors, officers, employees, and agents shall not be liable for any direct, indirect, consequential, or special losses arising from your purchase, holding, or use of Tokens.
9.2 Capped Liability
In no event shall StepChain’s aggregate liability to you exceed the amount you paid for the Tokens.
10. Indemnification
You agree to indemnify, defend, and hold harmless StepChain, its affiliates, and their respective officers, directors, employees, and agents against any claims, damages, losses, or expenses (including reasonable attorneys’ fees) arising out of or related to your purchase or use of Tokens, your violation of these Terms, or your violation of any law or rights of a third party.
11. Termination
11.1 StepChain’s Right to Terminate
StepChain may terminate or suspend your participation in the ICO at any time if you breach these Terms or if StepChain suspects fraudulent or unlawful activity.
11.2 Effect of Termination
Upon termination, you shall not be entitled to any refunds or compensation, except as may be required by applicable law.
12. Force Majeure
StepChain shall not be liable for any delays or failures to perform resulting from circumstances beyond its reasonable control, including but not limited to acts of God, labor disputes, or government actions.
13. Governing Law and Dispute Resolution
13.1 Governing Law
These Terms and any dispute arising from or relating to them shall be governed by the laws of the Republic of Seychelles, without regard to conflict of laws principles.
13.2 Dispute Resolution
Any dispute arising out of or relating to these Terms shall be resolved through arbitration in the Republic of Seychelles or in the courts of the Republic of Seychelles, as determined by StepChain. By participating in the ICO, you consent to personal jurisdiction and venue in the Republic of Seychelles.
14. Entire Agreement
These Terms and any documents expressly incorporated by reference constitute the entire agreement between you and StepChain relating to the subject matter herein and supersede any prior agreements, understandings, or negotiations related to your Token purchase.
15. Severability
If any provision of these Terms is held to be invalid or unenforceable, such provision shall be enforced to the maximum extent permissible, and the remaining provisions shall remain in full force and effect.
16. Amendments
StepChain may modify these Terms at any time by posting an updated version on its website or through other official channels. Your continued participation in the ICO after any such changes constitutes your acceptance of the amended Terms.