The following sections include legal considerations you must read carefully before (I) making use of the whitepaper and any information available on the website, (II) participating in BSY token sale as outlined in the whitepaper and our official website.
Disclaimer of Liability
"Bestay platform" specifically disclaims liability for any indirect, incidental, consequential losses in income, revenue, profits or loss of use or data, suffered by any person as a result of the use of any information or the content in this whitepaper or on the website, or using any service provided by Bestay platform.
No Representations And Warranties
"Bestay platform" does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this whitepaper.
Representations And Warranties By You
By accessing any information in this whitepaper, running your application on Bestay platform, trading Bestay tokens defined by any participants in Bestay network, you represent and warrant to Bestay platform as follows:
You agree and acknowledge that the BSY tokens do not constitute securities in any form in any jurisdiction; The whitepaper is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities. You agree that participating in Bestay network, in any way possible, entails no entering into any contract or binding legal commitment and no accepting any cryptocurrency or any other payment based on this whitepaper.
You agree and acknowledge that no regulatory authority has examined or approved of the information set out in this whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with.
You agree and acknowledge that this whitepaper, the undertaking and/or the completion of the Bestay platform Initial Token Sale, or future trading of the BSY tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the Bestay platform, the BSY tokens, the BSY Token Sale (each as referred to in this whitepaper).
The distribution or dissemination of this whitepaper, participating in Bestay network either by designing a project based on this platform or trading the tokens, mining or any other business activity, is not prohibited or restricted by the applicable laws, regulations or rules in the jurisdiction of your country, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to Bestay platform.
You agree and acknowledge that in the case where you wish to purchase any BSY tokens, the BSY tokens are not to be construed, interpreted, classified or treated as:
(i) any kind of currency other than cryptocurrency.
(ii) debentures, stocks or shares issued by any person or entity (Bestay platform)
(iii) rights, options or derivatives in respect of such debentures, stocks or shares.
(iv) 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.
(v) units in a colective investment scheme.
(vi) units in a business trust.
(vii) derivatives of units in a business trust.
(viii) any other security or class of securities.
You are fully aware of and understand that you are not eligible to purchase any BSY tokens if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Republic of Singapore.
You at least have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology.
You are fully aware and understand that in the case where you wish to purchase any BSY tokens, there are risks associated with Bestay platform and its respective business and operations, the BSY tokens, the BSY Token Sale (each as referred to in the whitepaper);you agree and acknowledge that Bestay platform is not liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this whitepaper or any part thereof by you.
You guarantee that you are a legally capable person of a majority age and complies with legal rules where you live.
And all of the above representations and warranties are true, complete, accurate and not misleading at the time of your access to and/or acceptance of posSomething is wrong this whitepaper or such part thereof (as the case may be).
Cautionary Note On Forward-looking Statements
All statements contained in this whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by Bestay platform or its respective directors, executive officers or employees acting on behalf of Bestay platform (as the case may be), that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding Bestay platform’s financial position, business strategies, plans and prospects and the future prospects of the industry which Bestay platform is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to Bestay platform’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this whitepaper regarding Bestay platform are matters that are not historical facts, but only predictions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of Bestay platform to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors , amongst others:
Changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which Bestay platform conducts its respective businesses and operations
The risk that Bestay platform may be unable or execute or implement their respective business strategies and future plans;
Changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
Changes in the anticipated growth strategies and expected internal growth of Bestay platform;
Changes in the availability and fees payable to Bestay platform in connection with their respective businesses and operations;
Changes in the availability and salaries of employees who are d by Bestay platform to operate their respective businesses and operations;
Changes in preferences of customers of Bestay platform;
Changes in competitive conditions under which Bestay platform operate, and the ability of Bestay platform to compete under such conditions;
Changes in the future capital needs of Bestay platform and the availability of financing and capital to fund such needs;
War or acts of international or domestic terrorism;
Occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of Bestay platform;
Other factors beyond the control of Bestay platform;
Any risk and uncertainties associated with Bestay platform and their businesses and operations, the BSY tokens, the Bestay platform Initial Token (each as referred to in the whitepaper).
All forward-looking statements made by or attributable to Bestay platform or persons acting on behalf of Bestay platform are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of Bestay platform to be materially different from that expected, expressed or implied by the forward-looking statements in this whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this whitepaper. Neither Bestay platform, the distributor nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of Bestay platform will be as discussed in those forward-looking statements. The actual results, performance or achievements of Bestay platform may differ materially from those anticipated in these forward-looking statements. Nothing contained in this whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of Bestay platform. Further, Bestay platform disclaims any responsibility to update any of these forward-looking statements or publicly announce any revisions to these forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
Market and Industry Information and No Consent of Other Persons
This whitepaper and our official website may market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such d information. While Bestay platform has taken reasonable actions to ensure that the information is extracted accurately and in its proper context, Bestay platform has not conducted an independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither Bestay platform, the distributor, nor their respective directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy or completeness of such information and shall not be obliged to provide any updates on the same.
No information in this whitepaper should be considered to be business, legal, financial or tax advice regarding Bestay platform, the distributor, the BSY tokens, the Bestay platform Initial Token Sale (each as referred to in the whitepaper). You should consult your own legal, financial, tax or other professional advisers regarding Bestay platform and its respective businesses and operations, the BSY tokens, the Bestay platform Initial Token Sale (each as referred to in the whitepaper). You should be aware that you may be d to bear the financial risk of any purchase of BSY tokens for an indefinite period of time.
No Further Information or Update
Bestay platform is not liable for any given information or representation not contained in this whitepaper by any person or promises made by any person regarding the future prices of BSY tokens in the market or the success of any business by others using the Bestay platform in any possible way. The Bestay platform Initial Token Sale (as referred to in the whitepaper) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of Bestay platform or in any statement of fact or information contained in this whitepaper since the date hereof.
Restrictions on Distribution and Dissemination
The distribution or dissemination of this whitepaper, wholly or partially, may be subject to statutory restrictions in some legal systems. Individuals accessing this whitepaper from a legal system in which the restrictions apply should inform themselves about these restrictions and observe them accordingly. Persons to whom a copy of this whitepaper has been distributed or disseminated, provided access to or who otherwise have the whitepaper in their posSomething is wrong shall not circulate it to any other persons, reproduce or otherwise distribute this whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.
Risks and Uncertainties
Prospective purchasers of BSY tokens (as referred to in this whitepaper) should carefully consider and Something is wronguate all risks and uncertainties associated with Bestay platform, the distributor and their respective businesses and operations, the Bestay tokens, the Bestay platform Initial Token Sale (each as referred to in the whitepaper), all information set out in this whitepaper and the T&Cs prior to any purchase of BSY tokens. If any of such risks and uncertainties develop into actual events, the business, financial condition, results of operations and prospects of Bestay platform could be materially and adversely affected. In such cases, you may lose all or part of the value of the BSY tokens. No US Citizens are eligible to take part in this IEO unless they have permission from their regulatory bodies.
BSY Tokens Disclaimer
The assigned BSY tokens to the contributors will be added automatically to their account balances set in their profiles. These tokens are rewards to appreciate the contributors to the Bestay platform project. For the BSY tokens, some legal permissions are needed, the tokens will be visible on the users' accounts as their balances, but it’s not possible to withdraw or release these tokens until the legal permissions are granted to the project. After we get the permissions for the BSY tokens the users will be notified through an announcement in social media of Bestay project, that is when the users will be able to withdraw their tokens. In case the project couldn’t get the legal permissions for any reason, instead of every BSY token, four BSY tokens will be assigned to the contributors. For this reason, it’s obvious that the Bestay Platform project has no obligation for definitive release and delivering BSY tokens, and the contributors approve this possible condition when they studied disclaimer sections, therefore deprived themselves of their right to claim the BSY tokens.