Token Purchase Agreement

Hyphans > Token Purchase Agreement

Token Purchase Agreement

Effective Date: 1st August 2024

This Token Purchase Agreement (the “Agreement”) is entered into between Hyphans, a blockchain-based project by RegalSphere Inc USA, incorporated under the laws of USA, (hereafter referred to as the “Company,” “We,” or “Us”), and the individual or entity purchasing HYPN tokens (hereafter referred to as “You,” the “Purchaser,” or the “Buyer”).

By purchasing HYPN tokens (“Tokens”), You agree to be bound by the terms of this Agreement. Please read this Agreement carefully before participating in the token sale.

  1. Definitions

– “HYPN” or “Tokens”: Refers to the native utility token of the Hyphans ecosystem.

– “Company”: Hyphans and any affiliated companies (Parent Company – RegalSphere Inc) responsible for the creation, sale, and management of the Token.

– “Purchase” or “Transaction”: The act of exchanging legal tender or cryptocurrency for HYPN tokens.

– “Wallet”: The blockchain address provided by the Purchaser for receiving HYPN tokens.

– “Smart Contract”: The software deployed on the blockchain to execute the token sale.

  1. Eligibility

To participate in the token sale, You confirm that:

– You are at least 18 years of age or the legal age required in your country.

– You are legally eligible to participate in the token sale under the laws of your jurisdiction.

– You are not a resident or citizen of any country where participating in token sales is restricted or illegal.

– You are not purchasing Tokens for speculative investment or illegal purposes, including money laundering, tax evasion, or other illicit activities.

  1. Acceptance of Terms

By purchasing HYPN tokens, You agree to be bound by the terms of this Agreement and the terms of the Company’s Whitepaper, Privacy Policy, and any other legal agreements made between You and the Company.

If You do not agree to these terms, You must not proceed with the token purchase.

  1. Nature of Tokens
  2. Utility Token: HYPN tokens are not financial securities or equity. They represent a utility within the Hyphans ecosystem and are intended for use as a medium of exchange for services within the platform.
  3. No Ownership Rights: Purchasing HYPN does not grant You any ownership rights, voting rights, dividends, or profit-sharing rights in the Company.
  4. No Refunds: All token purchases are final, and there are no refunds or cancellations, except as required by applicable law.
  5. Token Purchase and Delivery
  6. Purchase Process:

   – The Purchaser agrees to make payment in the form of [Insert accepted cryptocurrency or fiat currency] for the corresponding number of HYPN tokens.

   – The Purchaser must provide a valid cryptocurrency wallet address for receiving the Tokens. The Company will not be liable for any loss or inability to receive Tokens due to an incorrect or incompatible wallet address.

  1. Delivery:

   – Upon successful receipt of payment, HYPN tokens will be distributed to the Purchaser’s wallet as per the terms of the token sale and smart contract execution.

   – The Company will not be liable for any delays or failure to deliver Tokens due to technical issues, network congestion, or other unforeseen circumstances.

  1. Token Lock-up:

   – Some Tokens may be subject to a lock-up period, during which they cannot be transferred, sold, or otherwise disposed of. The lock-up period will be communicated to You prior to the purchase, and You agree to abide by the lock-up terms.

  1. Purchaser Representations and Warranties

By participating in the token sale, You represent and warrant that:

– You have a thorough understanding of blockchain technology, cryptocurrencies, and the risks involved in participating in such transactions.

– You are purchasing HYPN tokens for your personal use within the ecosystem and not for speculative or financial investment purposes.

– You are responsible for obtaining any required legal, tax, or financial advice before purchasing HYPN tokens.

– You understand that the value of the HYPN token may fluctuate significantly, and past performance is not indicative of future results.

– You have not relied on any representations, warranties, or statements made by the Company or its representatives, other than those explicitly set forth in this Agreement.

  1. Risks Associated with Token Purchase

You acknowledge and accept the following risks:

  1. Price Volatility: Cryptocurrencies, including HYPN, are highly volatile, and the value of HYPN tokens may increase or decrease over time. The Company does not guarantee any returns or future value of the Tokens.
  2. Regulatory Uncertainty: Cryptocurrency regulations are constantly evolving. The Purchaser is responsible for complying with all applicable laws and regulations. The Company assumes no liability for the legal status of HYPN tokens in your jurisdiction.
  3. Technological Risks: Blockchain technology is experimental and subject to risks, including cyberattacks, software bugs, and network failures. The Purchaser assumes all risks related to the technical functionality of blockchain and cryptocurrencies.
  4. Tax Obligations: You are solely responsible for determining any tax obligations arising from your token purchase and use. The Company assumes no responsibility for any tax implications.
  5. Limitation of Liability
  6. No Liability for Losses: To the maximum extent permitted by law, the Company and its affiliates will not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or in connection with the sale or use of HYPN tokens, including but not limited to loss of profits, loss of data, or loss of the value of the Tokens.
  7. No Warranty: The Company makes no representations or warranties, whether express or implied, regarding the functionality, safety, or usability of the HYPN tokens or the underlying blockchain technology.
  8. Force Majeure: The Company will not be liable for any delays or failures in the performance of its obligations due to circumstances beyond its control, including acts of God, war, terrorism, cyberattacks, natural disasters, or governmental actions.
  9. Termination

The Company reserves the right to terminate this Agreement and cancel the token purchase if:

– The Purchaser is found to have violated any terms of this Agreement.

– The Purchaser is involved in fraudulent or illegal activities.

– There is a technical issue or security breach that requires termination of the sale.

Upon termination, the Purchaser will no longer be entitled to any refund or compensation, except as required by applicable law.

  1. Governing Law and Dispute Resolution
  2. Governing Law: This Agreement is governed by the laws of [Insert Jurisdiction], without regard to its conflict of law principles.
  3. Dispute Resolution: In the event of any disputes arising from this Agreement, the parties will first attempt to resolve the dispute amicably through negotiation. If the dispute cannot be resolved, it will be referred to binding arbitration in [Insert Location] in accordance with the arbitration rules of [Insert Arbitration Body].
  4. Miscellaneous
  5. Entire Agreement: This Agreement, together with any documents incorporated by reference (e.g., the Whitepaper, Privacy Policy), constitutes the entire understanding between the parties and supersedes any prior agreements or discussions.
  6. Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.
  7. No Waiver: The failure of either party to enforce any provision of this Agreement will not constitute a waiver of that provision.
  8. Assignment: The Purchaser may not assign or transfer any rights or obligations under this Agreement without the prior written consent of the Company.
  9. Contact Us

If you have any questions about this Cookies Policy, please contact us at:

Hyphans 

Email: [email protected]

www.hyphans.com