These Token Sale Agreement of Forint Token (hereinafter – the “Terms”) summarizes the principal terms proposed by Forint (hereinafter – the “Seller”, the “Company”) regarding the purchase of which will be issued and transferred by the Seller to the Buyer (hereinafter the “Buyer” or “You”). Please read carefully these Terms and agree with it before purchasing Tokens, as it affects your obligations and legal rights, including, but not limited to, waivers of rights and limitation of liability. If you do not agree with these Terms, you shall not purchase Tokens. By purchasing Forint Tokens during any sale period set forth herein from the Company, you will be bound by these Terms, and thus your purchase of Tokens is subject to these Terms. The Buyer and the Seller shall each be referred to as a “Party” and collectively as the “Parties”.
This Agreement, in coordination with the white paper(link) and Terms and condition(link), is intended to fully reflect the Terms of the original agreement between the parties. No provision of the Agreement shall be considered waived unless such waiver is accepted by the party that benefits from the enforcement of such provision. No waiver of any provision in the Agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of the Agreement will not in any way affect, limit, or waive a Party’s rights hereunder at any time to enforce strict compliance thereafter with every term and condition hereof.
In any case, before buying the Tokens, it is advisable to make use of the opinion of a legal and / or tax and / or financial consultant and / or any other professional.
By using this Website each Participant covenants, represents, and warrants that:
- have read Terms And Conditions.
- has necessary and relevant experience and knowledge to deal with cryptographic Tokens, cryptocurrencies and Blockchain-based systems, as well as full understanding of their framework, and is aware of all the merits, risks.
Due to legal and regulatory uncertainty in some States, It is the purchaser / user’s responsibility to check if this activity is allowed permitted by law in his / her country of residence / provenance. The company assumes no responsibility.
Persons that participate in the Token Sale by providing false or inaccurate information about their citizenship, residency and/or nationality shall be in breach of these terms and conditions and shall be required to indemnify Company in respect of any damages and/or losses suffered due to this breach in accordance with the indemnification provisions set out in these terms and conditions.
Owning Forint tokens and using the platform involves risks, some of which are mentioned below. These present and future risks and / or unpredictable events could cause the project to fail, the token destruction or uselessness and / or the termination of platform development. For these reasons, any buyer may be exposed to the risk of total loss of the value of the tokens. The buyer who buys the Tokens declares that he understands these terms and therefore is well aware that he can’t claim any right to reimburse the purchased tokens.
To the extent allowable pursuant to Applicable Law, the Participant shall indemnify, defend, and hold company and/or its subsidiaries, affiliates, directors, officers, employees, agents, successors, and permitted assignees harmless from and against any and all claims, damages, losses, suits, actions, demands, proceedings, expenses, and/or liabilities (including but not limited to reasonable attorneys’ fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against company arising out of a breach of any warranty, representation, or obligation under these Agreement.
The users shall not have any claim of any nature whatsoever against Forint Finance ltd for any failure by it to carry out any of its obligations under these Terms as a result of causes beyond its control, including but not limited to power failure, Internet Service Provider failure, acts of God, epidemic, pandemic, civil unrest, fire, flood, droughts, storms, earthquakes, collapse of buildings, explosion or accident, acts of terrorism, acts of war, governmental action, any law or any action taken by a government or public authority, including without limitation imposing an export or import restriction, quota or prohibition, or any other event that is beyond the absolute and direct control of Company.
Any and all purchases of Forint Tokens are final and non-refundable. By purchasing Forint Tokens, the Participant acknowledges that neither the company nor any other of its affiliates are required to provide a refund for any reason, and that the Participant will not receive money or other compensation for any Forint Token that is not used or remains unused for any reason.
To the fullest extent permitted by applicable law, in no circumstances shall company be liable for any direct, indirect, special, incidental or consequential loss of any kind arising out of or in any way related to the acquisition, storage, transfer or use of Forint Tokens or otherwise related to these T&Cs, regardless of the cause of action, whether based in contract, tort (including negligence), breach of statutory duty, restitution or any other legal or equitable basis ( regardless of whether such losses were foreseeable).
This Agreement and all other documents referred to in this Agreement including the White Paper do not constitute a financial prospectus or offering document, and are not an offer to sell, nor the solicitation of an offer to buy an investment, a security, commodity, or a swap on either a security or commodity.
Buyer should not participate in the purchase of Tokens for investment purposes. Tokens are not designed for investment purposes and should not be considered as a type of investment. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation or warranty by Company.
Forint Token are based on the BSC protocol and conform to the widely used BEP20 standard.
Forint token is qualified as a utility token.
Forint Token is required for proper operation and comprehensive utilization of Forint Platform (as defined in the white paper (the “White Paper”) provided at https://www.forintfinance.com (the “Website”) as of the date the Purchaser acquires FORINT token. To the extent they do not contradict these Terms, the rights connected to FORINT are subject to the limitations set out in the White Paper, but this should in no case create obligations for the Company in addition to the ones contained in these Terms. The Company reserves the right to circumvent the algorithm used to select the underlying assets if it believes, in its sole discretion, that such selected underlying assets could adversely affect the Company or FORINT from a regulatory or legal perspective. The Company shall have the right to sell any such underlying assets (if already part of FORINT portfolio) and block their acquisition.
The total amount of FORINT Token to be sold in the 2 round of private sale is 200,000,000,000 (roughly equivalent to US$100,000.00) in compliance with KYC/AML regulation. Ownership of FORINT during the FORINT token sale carries no rights express or implied. Purchases of FORINT are non-refundable.
The anticipated distribution of the FORINT tokens is as follows:
- 12% Forint Finance LTD team;
- 2% Marketing;
- 20% Presale;
- 15% Burned;
- 31% Liquidity Wallet (locked);
- 20% Pancake Swap;
The company reserves the right to an emergency stop functionality to stop the distribution process. Use of this functionality shall remain in discretion of company and shall only be used in limited situations, such as: 1) serious security issue detected; 2) serious network performance issue, depriving all users of equal treatment; 3) any type of material attack on Forit Tokens, the Platform, Website or BSC network.
The sale and distribution of Forint Tokens will be offered only through the authorized platforms. Participant must ensure that their browser URL indicates that it is using a hypertext transport protocol secure connection ("https") and that the domain name is correct.
A Forint Token is not a consumer product and its holder accepts explicitly and agrees that they are not covered by the consumer protection regulation of any jurisdiction.
Forint Finance reserve the right, without notice and at its sole discretion, to suspend the purchases and sales of Forint Token on Pankacke swap, including (but not limited to) in case of user’s breach of these Terms or if a user has committed fraud or has been a victim of fraud, negligence or other misconduct, that can cause damage, of any kind, to the value of Forint Token.
Notwithstanding anything contained herein, FORINT reserve the right, without notice and at its sole discretion, to terminate these Terms or suspend the Participants right to access the Website, including (but not limited to) in case of Participant’s breach of these Terms or if FORINT believes You have committed fraud, negligence or other misconduct. The Participant may terminate these Terms without notice by discontinuing use of the Website. All rights granted to the Participant under these Terms will immediately be revoked upon our termination of these Terms or FORINT’s suspension of Your access to the Website. In the event of any Force Majeure Event (as defined in Clause 5.2), breach of this agreement, or any other event that would make provision of services commercially unreasonable for FORINT, the Company may, in its own discretion and without liability to the Participant, with or without prior notice, suspend the Participant’s access to all or a part of FORINT’s Platform. FORINT may terminate Participant’s access to the Website in its sole discretion, immediately and without prior notice, and delete all related information and files related to such participant without liability to You, including, for instance, in the event that the Participant breach any term of these Terms. In the event of termination, FORINT will attempt to return any funds stored in Your smart contract number not otherwise owed to FORINT, unless FORINT believes Participant has committed fraud, negligence or other misconduct.
FORINT Tokens are issued on the blockchain Bianance smart chain platform. Blockchain, Binance, BNB and other associated and related technologies are new, untested and outside of FORINT’s exclusive control. Adverse changes in market forces or the technology, broadly construed, may prevent or compromise, negatively influence or call into question FORINT’s performance indicators and results under this Agreement. Participant agrees that no other party (including, without limitation term "any party") may be held liable for any loss arising out of, or in any way connected with Participant’s participation in the FORINT Token sale, or receiving and holding tokens or such risk. In addition to the above, the Participant also acknowledges that prior to receiving Tokens, he has been warned of the following risks, associated with the Website, FORINT Tokens, the Platform and other relevant technologies mentioned herein: Legal risks regarding securities regulations.
There is a risk that in some jurisdictions FORINT Tokens might be considered securities, or that they might be considered securities in the future, even if it is very unlikely. FORINT does not warrant or guarantee that FORINT Tokens are not securities in all jurisdictions. Each holder of FORINT Tokens shall bear its own legal or financial consequences of FORINT Tokens being considered securities in their respective jurisdiction. Every Participant is bound to check if acquisition and disposal of FORINT Tokens is legal in their jurisdiction, and by accepting these Terms, each Participant undertakes not to use FORINT Tokens should their use not be legal in the relevant jurisdiction. If a Participant establishes that the use of FORINT Tokens under these Terms is not legal in its jurisdiction, Participant must not acquire FORINT Tokens and should immediately stop using or possessing them if such case arises.
Acquiring cryptographic Tokens for personal possession and exchanging them for other cryptographic Tokens will most likely continue to be scrutinized by various regulatory bodies around the world, which have so far given mixed reactions and regulatory impact.
The legal ability of FORINT to provide FORINT Tokens and the Platform in some jurisdictions may be eliminated by future regulation or legal actions. In the event, it turns out with a high degree of certainty that FORINT Tokens are not legal in certain jurisdiction, FORINT will either: 1) cease operations in that jurisdiction, or 2) adjust FORINT Tokens and the Platform in a way to comply with the regulation should that be possible and viable.
FORINT Tokens are based on the bsc blockchain. Thus, any malfunction, unintended function or unexpected functioning of the bsc protocol may cause FORINT Tokens to malfunction or function in an unexpected or unintended manner.
The functioning of the bsc network and associated blockchain networks could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions on the use or possession of digital tokens, which could impede or limit their existence, slow or limit their functionality or Forint tokens buyout in the future, permissibility of their use and possession, and their value.
There is a risk that the Website and FORINT Tokens may unintentionally include weaknesses or bugs in the source code interfering with the use of or causing the loss of FORINT Tokens.
As with other decentralized cryptocurrencies, bsc blockchain, which is used for FORINT Tokens, is susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, "selfish-mining" attacks, and race condition attacks. Any successful attacks present a risk to FORINT Tokens, expected proper execution and sequencing of FORINT Tokens, and expected proper execution and sequencing of Bsc contract computations in general.
Even though there are currently online service available which enable the possibility of exchange of cryptographic tokens between themselves, and also, some of them enable exchange of cryptographic tokens for fiat money, there are no warranties and/or guarantees given that FORINT Tokens will be listed or made available for exchange for other cryptographic tokens and/or fiat money, and no guarantees are given whatsoever with the capacity (volume) of such potential exchange. It shall be explicitly cautioned, that such exchange, if any, might be subject to poorly understood regulatory oversight. FORINT does not give any warranties in regard to any exchange services providers. Participants might be exposed to fraud and failure. In any case, FORINT will not enable exchange of FORINT Tokens for other cryptographic tokens or fiat currency. Participant may not at any given time be able to acquire or dispose of its FORINT Tokens due to lack of liquidity.
Value of FORINT Tokens may fluctuate and Participant might suffer loss in value of such acquired tokens. There might be different reasons that would cause unfavorable fluctuations of the value of FORINT Tokens. Risk of uninsured losses FORINT Tokens are unlike bank accounts or accounts at some other financial institutions and are entirely uninsured.
Risk of malfunction in the Bsc network or any other blockchain network It is possible that the Bsc network, or any other network interacting with FORINT Tokens, is out of order or malfunctions, including cases in which a sudden loss of FORINT Tokens is possible.
The Participants acknowledge that there are risks associated with using FORINT Tokens including, but not limited to, the failure of hardware, software, and Internet connections. The Participants acknowledge that FORINT shall not be responsible for any communication failures, disruptions, errors, distortions or delays experienced when using the Website and FORINT Tokens, howsoever caused.
FORINT Tokens and the Platform, as developed, may not meet the Participant’s expectations. The Platform is currently under development and may undergo significant changes before release. The Participant’s expectations regarding the form and functionality of the Platform and FORINT Tokens may not be met upon release of new Website, deployment of the Platform, additional products and services for any number of reasons, including a change in the design and implementation plans and implementation of FORINT Tokens.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the Terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction.