PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION CAREFULLY.
NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE
AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER
PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN
CONNECTION HEREWITH. NEITHER BELDEX INTERNATIONAL INC (THE COMPANY),
ANY OF THE PROJECT TEAM MEMBERS (THE BELDEX TEAM) WHO HAVE WORKED ON
THE BELDEX ECOSYSTEM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE
BELDEX ECOSYSTEM IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF
BDX TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE
LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER
WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER,
THE WEBSITE AT
HTTPS://BELDEX.IO/ (THE WEBSITE) OR
ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.
Project purpose: You agree that you are acquiring BDX to
participate in the Beldex ecosystem and to obtain services on the
ecosystem thereon. The Company, the Distributor and their respective
affiliates would develop and contribute to the underlying source
code for the Beldex ecosystem. The Company is acting solely as an
arms' length third party in relation to the BDX distribution, and
not in the capacity as a financial advisor or fiduciary of any
person with regard to the distribution of BDX.
Nature of the Whitepaper: The Whitepaper and the Website are
intended for general informational purposes only and do not
constitute a prospectus, an offer document, an offer of securities,
a solicitation for investment, or any offer to sell any product,
item, or asset (whether digital or otherwise). The information
herein may not be exhaustive and does not imply any element of a
contractual relationship. There is no assurance as to the accuracy
or completeness of such information and no representation, warranty
or undertaking is or purported to be provided as to the accuracy or
completeness of such information. Where the Whitepaper or the
Website includes information that has been obtained from third party
sources, the Company, the Distributor, their respective affiliates
and/or the BELDEX team have not independently verified the accuracy
or completeness of such information. Further, you acknowledge that
circumstances may change and that the Whitepaper or the Website may
become outdated as a result; and neither the Company nor the
Distributor is under any obligation to update or correct this
document in connection therewith.
Token Documentation: Nothing in the Whitepaper or the Website
constitutes any offer by the Company, the Distributor, or the BELDEX
team to sell any BDX (as defined herein) nor shall it or any part of
it nor the fact of its presentation form the basis of, or be relied
upon in connection with, any contract or investment decision.
Nothing contained in the Whitepaper or the Website is or may be
relied upon as a promise, representation or undertaking as to the
future performance of the Beldex ecosystem. The agreement between
the Distributor (or any third party) and you, in relation to any
distribution or transfer of BDX, is to be governed only by the
separate terms and conditions of such agreement.
The information set out in the Whitepaper and the Website is for
community discussion only and is not legally binding. No person is
bound to enter into any contract or binding legal commitment in
relation to the acquisition of BDX, and no digital asset or other
form of payment is to be accepted on the basis of the Whitepaper or
the Website. The agreement for distribution of BDX and/or continued
holding of BDX shall be governed by a separate set of Terms and
Conditions or Token Distribution Agreement (as the case may be)
setting out the terms of such distribution and/or continued holding
of BDX (the Terms and Conditions), which shall be separately
provided to you or made available on the Website. The Terms and
Conditions must be read together with the Whitepaper. In the event
of any inconsistencies between the Terms and Conditions and the
Whitepaper or the Website, the Terms and Conditions shall prevail
Deemed Representations and Warranties: By accessing the Whitepaper
or the Website (or any part thereof), you shall be deemed to
represent and warrant to the Company, the Distributor, their
respective affiliates, and the BELDEX team as follows:
(a) in any decision to acquire any BDX, you have shall not rely on
any statement set out in the Whitepaper or the Website;
(b) you will and shall at your own expense ensure compliance with
all laws, regulatory requirements and restrictions applicable to you
(as the case may be);
(c) you acknowledge, understand and agree that BDX may have no
value, there is no guarantee or representation of value or liquidity
for BDX, and BDX is not an investment product nor is it intended for
any speculative investment whatsoever;
(d) none of the Company, the Distributor, their respective
affiliates, and/or the BELDEX team members shall be responsible for
or liable for the value of BDX, the transferability and/or liquidity
of BDX and/or the availability of any market for BDX through third
parties or otherwise; and
(e) you acknowledge, understand and agree that you are not eligible
to participate in the distribution of BDX if you are a citizen,
national, resident (tax or otherwise), domiciliary and/or green card
holder of a geographic area or country (i) where it is likely that
the distribution of BDX would be construed as the sale of a security
(howsoever named), financial service or investment product and/or
(ii) where participation in token distributions is prohibited by
applicable law, decree, regulation, treaty, or administrative act
(including without limitation the United States of America and the
People's Republic of China); and to this effect you agree to provide
all such identity verification document when requested in order for
the relevant checks to be carried out.
The Company, the Distributor and the BELDEX team do not and do not
purport to make, and hereby disclaims, all representations,
warranties or undertaking to any entity or person (including without
limitation warranties as to the accuracy, completeness, timeliness,
or reliability of the contents of the Whitepaper or the Website, or
any other materials published by the Company or the Distributor). To
the maximum extent permitted by law, the Company, the Distributor,
their respective affiliates and service providers shall not be
liable for any indirect, special, incidental, consequential or other
losses of any kind, in tort, contract or otherwise (including,
without limitation, any liability arising from default or negligence
on the part of any of them, or any loss of revenue, income or
profits, and loss of use or data) arising from the use of the
Whitepaper or the Website, or any other materials published, or its
contents (including without limitation any errors or omissions) or
otherwise arising in connection with the same. Prospective acquirors
of BDX should carefully consider and evaluate all risks and
uncertainties (including financial and legal risks and
uncertainties) associated with the distribution of BDX, the Company,
the Distributor and the BELDEX team.
BDX Token: The native cryptographically-secured fungible
protocol token of the Beldex ecosystem (ticker symbol BDX) is a
transferable representation of attributed utility functions
specified in the protocol/code of the Beldex ecosystem, and which is
designed to be used solely as an interoperable utility token
thereon.
BDX is a functional utility token which will be used as the medium
of exchange between participants on the Beldex ecosystem in a
decentralised manner. The goal of introducing BDX is to provide a
convenient and secure mode of payment and settlement between
participants who interact within the ecosystem on the Beldex
ecosystem, and it is not, and not intended to be, a medium of
exchange accepted by the public (or a section of the public) as
payment for goods or services or for the discharge of a debt; nor is
it designed or intended to be used by any person as payment for any
goods or services whatsoever that are not exclusively provided by
the issuer. BDX does not in any way represent any shareholding,
participation, right, title, or interest in the Company, the
Distributor, their respective affiliates, or any other company,
enterprise or undertaking, nor will BDX entitle token holders to any
promise of fees, dividends, revenue, profits or investment returns,
and are not intended to constitute securities in Singapore or any
relevant jurisdiction. BDX may only be utilised on the Beldex
ecosystem, and ownership of BDX carries no rights, express or
implied, other than the right to use BDX as a means to enable usage
of and interaction within the Beldex ecosystem.
BDX also provides the economic incentives which will be distributed
to encourage users to contribute to and participate in the ecosystem
on the Beldex ecosystem, thereby creating a mutually beneficial
system where every participant is fairly compensated for its
efforts. BDX is an integral and indispensable part of the Beldex
ecosystem, because without BDX, there would be no incentive for
users to expend resources to participate in activities or provide
services for the benefit of the entire ecosystem on the Beldex
ecosystem. Given that additional BDX will be awarded to a user based
only on its actual usage, activity and contribution on the Beldex
ecosystem and/or proportionate to the frequency and volume of
transactions, users of the Beldex ecosystem and/or holders of BDX
which did not actively participate will not receive any BDX
incentives.
The Beldex ecosystem itself is simply a blockchain protocol id=""
which, by design, does not own or run any computing/storage servers,
so in order for users to utilise the network for transactions, it
would need to pay network validators/nodes a certain amount of
network transaction fees to confirm and execute the transaction and
record these on the blockchain. BDX will be used as the native
currency to quantify
BDX are designed to be utilised, and that is the goal of the BDX
distribution. In fact, the project to develop the Beldex ecosystem
would fail if all BDX holders simply held onto their BDX and did
nothing with it. In particular, it is highlighted that BDX:
(a) does not have any tangible or physical manifestation, and does
not have any intrinsic value (nor does any person make any
representation or give any commitment as to its value); (b) is
non-refundable and cannot be exchanged for cash (or its equivalent
value in any other digital asset) or any payment obligation by the
Company, the Distributor or any of their respective affiliates; (c)
does not represent or confer on the token holder any right of any
form with respect to the Company, the Distributor (or any of their
respective affiliates), or its revenues or assets, including without
limitation any right to receive future dividends, revenue, shares,
ownership right or stake, share or security, any voting,
distribution, redemption, liquidation, proprietary (including all
forms of intellectual property or licence rights), right to receive
accounts, financial statements or other financial data, the right to
requisition or participate in shareholder meetings, the right to
nominate a director, or other financial or legal rights or
equivalent rights, or intellectual property rights or any other form
of participation in or relating to the Beldex ecosystem, the
Company, the Distributor and/or their service providers; (d) is not
intended to represent any rights under a contract for differences or
under any other contract the purpose or pretended purpose of which
is to secure a profit or avoid a loss; (e) is not intended to be a
representation of money (including electronic money), security,
commodity, bond, debt instrument, unit in a collective investment
scheme or any other kind of financial instrument or investment; (f)
is not a loan to the Company, the Distributor or any of their
respective affiliates, is not intended to represent a debt owed by
the Company, the Distributor or any of their respective affiliates,
and there is no expectation of profit; and (g) does not provide the
token holder with any ownership or other interest in the Company,
the Distributor or any of their respective affiliates.
Notwithstanding the BDX distribution, users have no economic or
legal right over or beneficial interest in the assets of the
Company, the Distributor, or any of their affiliates after the token
distribution.
To the extent a secondary market or exchange for trading BDX does
develop, it would be run and operated wholly independently of the
Company, the Distributor, the distribution of BDX and the Beldex
ecosystem. Neither the Company nor the Distributor will create such
secondary markets nor will either entity act as an exchange for BDX.
Informational purposes only: The information set out herein
is only conceptual, and describes the future development goals for
the Beldex ecosystem to be developed. In particular, the project
roadmap in the Whitepaper is being shared in order to outline some
of the plans of the BELDEX team, and is provided solely for
INFORMATIONAL PURPOSES and does not constitute any binding
commitment. Please do not rely on this information in deciding
whether to participate in the token distribution because ultimately,
the development, release, and timing of any products, features or
functionality remains at the sole discretion of the Company, the
Distributor or their respective affiliates, and is subject to
change. Further, the Whitepaper or the Website may be amended or
replaced from time to time. There are no obligations to update the
Whitepaper or the Website, or to provide recipients with access to
any information beyond what is provided herein.
Regulatory approval: No regulatory authority has examined or
approved, whether formally or informally, any of the information set
out in the Whitepaper or the Website. No such action or assurance
has been or will be taken under the laws, regulatory requirements or
rules of any jurisdiction. The publication, distribution or
dissemination of the Whitepaper or the Website does not imply that
the applicable laws, regulatory requirements or rules have been
complied with.
Cautionary Note on forward-looking statements: All statements
contained herein, statements made in press releases or in any place
accessible by the public and oral statements that may be made by the
Company, the Distributor and/or the BELDEX team, may constitute
forward-looking statements (including statements regarding the
intent, belief or current expectations with respect to market
conditions, business strategy and plans, financial condition,
specific provisions and risk management practices). You are
cautioned not to place undue reliance on these forward-looking
statements given that these statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
future results to be materially different from that described by
such forward-looking statements, and no independent third party has
reviewed the reasonableness of any such statements or assumptions.
These forward-looking statements are applicable only as of the date
indicated in the Whitepaper, and the Company, the Distributor as
well as the BELDEX team expressly disclaim any responsibility
(whether express or implied) to release any revisions to these
forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company
and/or platform names or trademarks herein (save for those which
relate to the Company, the Distributor or their respective
affiliates) does not imply any affiliation with, or endorsement by,
any third party. References in the Whitepaper or the Website to
specific companies and platforms are for illustrative purposes only.
English language: The Whitepaper and the Website may be
translated into a language other than English for reference purpose
only and in the event of conflict or ambiguity between the English
language version and translated versions of the Whitepaper or the
Website, the English language versions shall prevail. You
acknowledge that you have read and understood the English language
version of the Whitepaper and the Website.
No Distribution: No part of the Whitepaper or the Website is
to be copied, reproduced, distributed or disseminated in any way
without the prior written consent of the Company or the Distributor.
By attending any presentation on this Whitepaper or by accepting any
hard or soft copy of the Whitepaper, you agree to be bound by the
foregoing limitations.
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