These Terms constitute a legally binding agreement between the Company and each of the Participants. Accepting these Terms, participating in the Prepaid Token Sale and/or purchasing BEER Tokens mean that you have carefully read and fully agreed to all the terms and conditions herein. In addition to these Terms, each Participant is obliged to comply with the technical rules associated with the relevant smart contract. If you have any questions regarding these Terms or such technical rules, please contact us at email@example.com. Please note you may only purchase the BEER Tokens if you agree to these Terms.
IMPORTANT: You are participating in a BEER Token sale. Token value is will remain at USD$0.05 (5 cents) within the BreweryConsortium.com website and framework. Purchasers may withdraw BEER tokens to their private wallet for trade with others after token sale is complete. Brewery Consortium holds no partnerships or agreements with secondary markets or traders and the value of a BEER Token may fluctuate. BEER Tokens retain their intrinsic value of USD $0.05 (5 cents) on the Brewery Consortium.com website only. Returning BEER Tokens from a private wallet to the Brewery Consortium.com website will also retain their USD $0.05 per token value once in the users BEER CryptoWallet, regardless of any perceived value on secondary markets,
1 INTERPRETATION AND DEFINITIONS
As used in these Terms, including the preamble hereof, unless expressly otherwise stated or evident in the context, the following capitalised terms and expressions shall have the following meanings:
1.1 Accompanying Documents – any documents providing information on the BEER Tokens other than these Terms, being inalienable part hereof and published on the Website(including the Whitepaper and other operating rules, policies and procedures that may be published from time to time on the Website). In case of any discrepancies between the Accompanying Documents and the Terms, the Terms shall prevail.
1.2 Account – a Participant’s account on the Website, which is created through the Website and used to purchase the BEER Tokens.
1.3 Prepaid TokenSale – a public sale of the BEER Tokens arranged by the Company via the Web site starting with the beginning of the Presale and ending with last day of the Tier 3, or when a total of 500 Million BEER Tokens have been sold in course of the Prepaid Token Sale, whichever occurs first.
1.4 Company – BeautifulBubble Lda, a private limited liability company incorporated under the laws of Portugal.References to “we”, “us” and “our” mean references to the Company.
1.5 Website – website located at https://www.BreweryConsortium.com/ and all subdomains and other respective pages of such website.
1.6 BEER Platform – BreweryConsortium.com website, Apps, and API.
1.7 Mainsale – the public sale of the BEER Tokens arranged by the Company via the Website.
1.8 Participant –anyone who purchases the BEER Tokens during the Prepaid Token Sale or at anytime thereafter. References to “you” and “your” mean references to the Participant.
1.9 Presale – the public presale of the BEER Tokens arranged by the Company via the Website.
1.10 Terms – these Token Sale Terms.
1.11 BEER Tokens –cryptographic Tokens based on the ERC20 protocol issued by the Company giving their holders the rights specified in these Terms and the Whitepaper.References to BEER Tokens are to be construed as references to both full and fractional BEER Tokens, unless expressly otherwise stated or evident from the context. The abbreviation for the BEER Token, in these Terms, Accompanying Documents and elsewhere, shall be BEER.
1.12 Whitepaper –informational document issued by the Company highlighting the features of the BEER Tokens available at the Website.
The singular form(where appropriate) shall include the plural and vice versa, references to Sections shall mean the Sections of these Terms, and the term “including” or any similar term is not to be construed as providing any limitation and will be construed as “including but not limited to”.
2 Purpose and use of BEER Tokens
2.1 As its key functionality, BEER Tokens enables users to purchase food & beverage products.
2.2 Ownership of the BEER Tokens carries no rights, express or implied, other than as explicitly stated in these Terms or the Whitepaper. You hereby understand and accept that BEER Tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares,intellectual property rights or any other form of participation in or relating to the Company and its corporate affiliates and/or service providers.Therefore, participating in the Prepaid Token Sale, purchasing BEER Tokens, or receiving and holding BEER Tokens does not grant the Participant any ownership,dividend rights or decision-making power in the Company, including, but not limited to in relation to development, governance, or the role, conduct or performance of the Company. Additionally, the BEER Tokens do not carry any information, reporting, inspection or similar rights.
2.3 The BEER Tokens are not intended to function as a general-purpose currency, security, commodity or any other kind of financial instrument in any jurisdiction. These Terms and all other documents referred to in these Terms, including the Whitepaper, do not constitute a prospectus or offering document, and are not intended to constitute an offering of securities or any other form of investment in any jurisdiction. No regulatory authority has examined or approved these Terms or any other document referred to in these Terms, including the Whitepaper. No such action has been or will be taken under the laws of any jurisdiction.Furthermore, the BEER Tokens are not intended to be marketed, offered for sale,purchased, sold, or traded in any jurisdiction where they are prohibited by applicable laws or require further registration with any applicable governmental authorities.
3 Token Sale Procedure and Fees
3.1 You may purchase BEER Tokens from the Company within the period of the Prepaid Token Sale only through the Website. Once the Prepaid Token Sale has ended the BEER Tokens maybe withdrawn to a user’s private ERC20 compatible wallet and traded.
3.2 To the extent that any third-party website or service, other than the Website, offers the BEER Tokens for sale during the Prepaid Token Sale or facilitates the sale or transfer of the BEER Tokens in any way during the Prepaid Token Sale, such third-party websites or services are not sanctioned or supported by the Company and have no relationship in any way with the Company.
3.3 The Company will issue up to 800 million BEER Tokens.
3.4 All BEER Tokens which are to be offered to the public in course of the Prepaid Token Sale but remain to be sold shall be resold at a later stage.
3.5 To purchase BEER Tokens in course of the Prepaid Token Sale you must create an Account on the website and follow the instructions as provided therein.
3.6 The purchase price of one (1) BEER Token in course of the Presale shall be USD $0.05 (5cents)
3.7 The purchase price will not be discounted for the Prepaid Token Sale. Bonus BEER tokens will be given depending on the Prepaid Token Sale stage and purchase amount.
3.9 The Participants may purchase BEER Tokens in Ether (ETH) or Bitcoin (BTC). If the purchase is made in a currency other than Ether, the price expressed in the chosen currency will be provided on the Website based on the then-current exchange rate between the chosen payment method and USD $0.05 (5 cents).
3.10 Each Participant shall pay the purchase price for the desired amount of the BEER Tokens by sending the correct fee to the unique address displayed to the Participant on the Website in course of the token purchase. The purchase of the BEER Tokens shall not be guaranteed until the Company has received the full amount of the purchase price and the Participants has provided relevant documentation and adhered to other instructions as may be presented in these Terms or on the Website.
3.11 The BEER Tokens will be distributed to the cryptocurrency wallets of each Participant as provided by the Participants when purchasing the BEER Tokens. For the above purpose, each Participant is obliged to provide to the Company the requisites of its cryptocurrency wallet that is (i) compatible with ERC20 standard and(ii) a private wallet of the Participant.
3.12 For security reasons the BEER Tokens will only be distributed upon completion of thetransaction.
3.13 The Participant shall have the right to purchase an unlimited quantity of BEER Tokens, subject to the Limits, on a first-come-first-serve basis, until the total amount of BEER Tokens available for the public is reached.
3.14 The minimum amount of BEER Tokens that can be purchased during the Main sale by a Participant in one purchase is the number of BEER Tokens, which value equals to 0.03 ETH (zero point zero one Ethers). During the Presale, the minimum amount of BEER Tokens that can be purchased by a Participant in one purchase is the number of BEER Tokens, which value equals to 3 ETH (one Ether).