Terms & Conditions ( The Vault – Crypto Fortress )

Terms used in these Conditions

"Conditions" means these terms and conditions, together with the Privacy Policy and any additional terms, conditions, notices and disclaimers displayed elsewhere on the Website.

"Website" means the website https://www.kryptoia.com and all webpages published under the domain krypto.io regardless of how the Website is accessed by users (including via the Internet, mobile phone or any other device).

"material" OR " content" means text, illustrations, graphs, photos, audio, video, any combination of these or other material.

"statistics" means any material representing results, trends or forecasts whether presented in text or graphic form.

"the company", "us", "we" or "our" means Kryptoia Pte. Ltd. (Registration No. insert K) trading as Kryptoia.

"The Vault" Or "Vault" means a marketing service for ICOs using digital technology web based software as a digital ledger for recording purposes.

"Token Supporters" means person/person(s)/corporate company/companies who/whom made purchase of specific ICOs tokens via the vault platform.

"Project Token(s)" Or "VPT" means any OR group/multiple of the ICO projects listed/available on the Vault /Vault wallet at time of purchase.

"VAULT ICO PROJECTS " Or ‘VIP" means any individual OR multiple ICO Projects listed on the Vault.

CORPORATE GOVERNANCE

As part of Singapore’s vibrant blockchain & cryptocurrencies environment; The Company pride ourselves to adhere and follow closely to the guidelines set by our Singapore based association – ACCESS.

The company’s mantra is to strictly adhere to the soft regulatory set by ACCESS SINGAPORE for its members. Kryptoia & its staff constantly engages ACCESS SINGAPORE’s leaders on its Initial coin offering (ICO) and subject itself to the laws of SINGAPORE under the Monetary Authority Singapore.ACCESS Singapore works very closely to set community standards under the laws of SINGAPORE governed by the Monetary Authority Singapore.

Token sale via the Vault digital platform

The Terms and Conditions (the “T&C”) apply to the purchase of any tokens via the vault ; the token supporter of the any Token and future user/users of the vault platform. The Vault platform similarly applies to the use of its mobile application and any web based platform.

Please Read These Terms Carefully Before Participating Of Any Token Sale On The Vault Platform The Terms & Conditions Affect Your Obligations And Legal Rights, Including, But Not Limited To, Waivers Of Rights And Limitation Of Liability.

If You Do Not Agree To These Terms Of Sale, Do Not Acquire Tokens.

if you are in any doubt as to the action you should take, you should consult your legal, financial, tax or other professional advisor(s).

By acquiring any tokens via the Vault platform during the token sale period (the “Token Sale”) you will be bound by these T&C, and all terms incorporated by reference. Your acquisition of any Tokens via the vault platform is subject to these Term & Conditions .

Purchase of ICO tokens via Vault

Any VPT Tokens Sold via the Vault

VPT via the Vault platform is subjected to its individual ICO projects terms & conditions. Upon purchase of any of the ICO tokens; you have agreed to the ICO project’s Terms and conditions as well as the company’s terms & conditions.

By placing the order to acquire any Tokens via the vault and if applicable additional due diligence information you are making an offer to the Company to acquire these Tokens pursuant to the T&C.

KRYPTOIA PTE LTD will have the sole discretion to accept such offer and transfer any of these Tokens to you or reject such offer if it does not correspond the T&C or the customer due diligence requirements.

Any future User acquiring any token via the vault expressly acknowledges and represents that she/he has carefully reviewed the T&C and fully understands the risks, costs and benefits associated with the acquisition of any tokens via the Vault as indicated in the T&C.

Knowledge required

The User undertaking to acquire these tokens via the Vault in relation to the Token Sale should ensure that she/he understands and has significant experience of cryptocurrencies, blockchain systems and services, and that she/he fully understands the risks associated with the Token Sale as well as the mechanism related to the use and custody of cryptocurrencies.

Kryptoia Pte Ltd shall not be responsible for any loss of Tokens listed on the Vault or situations making it impossible to access to these Tokens made available via through ICO projects listed on the Vault, which may result in any actions or omissions of the future User or any person undertaking to acquire these Tokens.

Voluntary Know-your customer (KYC)

There will be a KYC procedure that Users acquiring any tokens for any amount will have to perform within the Vault platform. in order to contribute to the Token Sale. KYC procedure will be done upon the use of our web based wallet and crypto wallet.

The User understands that her/his request to acquire any Tokens via the Vault will be accepted and she/he will receive these tokens only after having successfully passed through the Vault or a third party KYC process. This means that any intended tokens will not be distributed until the User has passed through this screening successfully. If the User fails to pass the KYC screening, the offer to acquire the intended tokens will be rejected and she/he will not receive her/his intended tokens. A valid User account on the Vault platform is required to receive any intended tokens.

Users accept that KRYPTOIA PTE LTD reserves the right to refuse accepting the offer to acquire VPT which is not compliant with the internal due diligence and countries mandatory laws on anti-money laundering laws.

Risks

Acquiring and storing VPT involves various risks, in particular that individual ICO Projects listed on the Vault may not be able to launch its operations and develop its platform. Therefore, and prior to acquiring VPT Token, any User should carefully consider the risks, costs, and benefits of acquiring VPT within the Token Sale, and, if necessary, obtain independent advice in this regard. Any interested person who is not in the position to accept nor to understand the risks associated with the activity (incl. the risks related to the non-development of VIP platform and operations) or any other risks as indicated in the T&C, should not acquire VPT Token, at this stage or later.

Important Disclaimer

The T&C, the white paper or any related information available on THE VAULT platform shall not and cannot be considered as an invitation to enter into an investment. They do not constitute or relate in any way nor should they be considered as an offering of securities in any jurisdiction. The T&C, the white paper or any related information available on THE VAULT platform do not include or contain any information or indication that might be considered as a recommendation or that might be used to base any investment decision. This document does not constitute an offer or an invitation to sell shares, securities or rights belonging to KRYPTOIA or THE VAULT or any related or associated company. VPT Token will be used as a private mean of payment once the services will be accessible and is not intended to be used as an investment.

Kryptoia Pte Ltd will be an operative entity managing the THE VAULT online platform. Kryptoia Pte Ltd is not a financial intermediary according to Singapore Law and is not required to obtain any authorization for Anti Money Laundering purpose(s).

Regulatory authorities are carefully scrutinizing businesses and operations associated to cryptocurrencies in the world. In that respect, regulatory measures, investigations or actions may affect KRYPTOIA or THE VAULT business and even limit or prevent it from developing its operations in the future. Any person undertaking to acquire VPT Token must be aware that the VIP business models and the T&C may change or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, any person undertaking to acquire VPT Token acknowledge and understand that neither KRYPTOIA nor any of its affiliates shall be held liable for any direct or indirect loss or damages caused by such changes. KRYPTOIA will do its best to launch its operations and develop the THE VAULT digital platform. Any person undertaking to acquire VT acknowledges and understands that KRYPTOIA does not provide any guarantee that it will manage to achieve it.

Acquiring VPT Token shall not grant any right or influence over KRYPTOIA organization and governance to the Users. These tokens will be issued by a technical process referred to as a «Blockchain». This is an open source IT protocol over which the Company has no rights or liability in terms of its development and operation. The token distribution mechanism will be controlled by a Smart Contract; this involves a computer program that can be executed on the any protocol blockchain network or on another blockchain network that is compatible with the Smart Contract programming language. User acknowledge and understand therefore that KRYPTOIA PTE LTD (incl. its bodies and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use the VPT Token. VPT Token is subject to VIPs own discretion to choose the type of protocol. Therefore, any malfunction, unplanned function or unexpected operation of the any selected protocol may cause the VPT Token network to malfunction or operate in a way that is not expected.

Representation and Warranties

By participating in the Token Sale and placing the offer to acquire VPT, the User agrees to the T&C and in particular, she/he represents and warrants to the Company (and the Company when accepting the offer relies on such representations and warranties) that she/he:

  • 1. Is authorized and has full power to acquire VPT Token according to the laws that apply in her/his jurisdiction of domicile;
  • 2. Is not a U.S., China citizen, resident or entity (“Restricted Person”) nor is acquiring VPT Token or signing on behalf of a Restricted Person;
  • 3. Is familiar with all related regulations in the specific jurisdiction in which she/he is based and that acquiring cryptographic tokens in that jurisdiction is not prohibited, restricted or subject to additional conditions of any kind;
  • 4. Is not acting for the purpose of speculative investment;
  • 5. Lives in a jurisdiction which allows KRYPTOIA to sell VPT through a crowdsale without requiring any local authorization;
  • 6. Does not acquire VPT Token in a jurisdiction which is qualifying token issued through a crowd sale as securities;
  • 7. Will not use the Token Sale for any illegal activity, including but not limited to money laundering and the financing of terrorism;
  • 8. Is solely responsible for determining whether the acquisition of COX Token is appropriate for her/him;
  • 9. Understands the risks associated with the Token Sale (incl. the risks related to the non-development of VPT platform and operations);
  • 10. Understands that KRYPTOIA PTE LTD shall act as the sole owner of THE VAULT and shall act on behalf of the VAULT to best represent VIPs and token supporters on its VAULT platform to its best interests. This does not guarantee any intentions whatsoever.
  • 11. Understands the use of cryptocurrencies and its associated risks; and
  • 12. Acknowledges and accepts that the VPT Token crowdsale is taking place within a SINGAPOREAN legal environment that is still under development.

Intellectual Property Rights

To the extent that copyright trademark or any other intellectual property rights exist in the COINEXIS platform, such as software, know-how, analysis or programs, those existing and future copyrights and other intellectual and industrial rights (hereinafter “IP Rights’) belong solely to KRYPTOIA and its affiliated companies and you as an owner of VPT or user of THE VAULT platform do not and will not have any related rights in such IP Rights.

Limitation of Liability

KRYPTOIA, as well as its officers, directors, agents, joint ventures, employees, suppliers and advisors and anyone on its behalf, assumes no liability or responsibility for any loss raised from the Token Sale or acquisition of VPT Token, arising out of or related to the use of the THE VAULT platform or any technical, interruption or malfunction of the VAULT platform.

The limitation of liability set out above shall not be applicable in the event that KRYPTOIA, or a KRYPTOIA employee, has caused the damage by intentional misconduct or by gross negligence. Severability If any of the provisions of the T&C or of the Agreement are deemed to be invalid, void or unenforceable, the remaining provisions shall continue in full force and effect.

Applicable Law and Jurisdiction

The T&C, use of the platform and acquisition of COX Token through Toke Sale or otherwise are subject to and governed by Singapore Law and any International Treaties. Any User and KRYPTOIA PTE LTD agree to seek an amicable settlement prior to bringing any legal action.

Any dispute arising from or under these T&C shall be resolved, including any question regarding its existence, validity or termination, shall be determined by arbitration in Singapore in accordance with the LawSoc Arbitration Rules in force at the commencement of the arbitration. The arbitration panel shall consist of one arbitrator only. The seat of the arbitration shall be in Singapore. The arbitral proceedings shall be conducted in English. Should you still be keen in any of the vault listed ICOs, we have secondary market sellers that are willingly to transact on your behalf. Kryptoia Pte Ltd makes no guarantee nor assurance for any contracts/ agreements arises between the 3rd party service provider and token supporter. Please email to enquiry@kryptoia.com

Bonuses and airdrops from purchase of tokens via Vault

Kryptoia Pte Ltd shall act as an intermediary to best represent the vault token supporters to negotiate for bonuses tokens and airdrop token. this does not guarantee the amount of additional tokens that may arise from negotiations. Kryptoia reserves the right to dispense any bonus tokens and airdrop token as we deem fit. Any decision made is deemed final and shall not be contested in any way.

Discrepancies to purchase of tokens via Vault

Upon purchase of any ICO tokens listed on the Vault, Token Supporters are required to log in to their wallets to check on the amount of tokens deposited into their wallet. Any discrepancies are to be reported within 14 days, with evidence of purchase i.e bank transfer, price of token, screenshots Or purchase orders if applicable; emailed to admin@kryptoia.com

Refunds to purchase of tokens via Vault

Upon purchase of any ICO tokens listed on the Vault, Token Supporters have a cooling period of 7 calendar days to ask for a refund due to whatsoever reasons provided. Refunds have to be formally written in a signed document and emailed with title heading of REFUND FOR : (insert name ) to admin@kryptoia.com. Emails without an attachment stating a request of refund is not considerate as a legal documentation.

Taxation

It is the token supporters’ discretion to declare the purchase of the ICOs tokens in accordance and subjected to the individual(s)/companies native local countries laws & regulations. The company registered in Singapore is bounded by Singapore’s Law under the following :- https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Specific-topics/Income-Tax-Treatment-of-Virtual-Currencies/
http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/MAS-clarifies-regulatory-position-on-the-offer-of-digital-tokens-in-Singapore.aspx

General Conditions of Use of Website

These Conditions govern your use of and access to the Website.

We may change all or part of the Conditions at any time. If we do, the new Conditions will be posted on the Website. Your subsequent or continued use of the Website will constitute your acceptance of any changes. If you object to any changes to the Conditions, your only remedy is to immediately discontinue your use of the Website.

These Conditions were last updated in May 2018.

General Disclaimer

Our Website material consists of general content only. We give no warranty as to accuracy, currency, completeness, reliability, fitness and suitability of anything on this Website, nor do we accept any responsibility arising in any way from errors or omissions.

Content on this Website is not a substitute for legal, accounting or other professional advice. The material does not take into account your personal circumstances.

In no way are the owners of, operators of, or contributors to, this Website responsible for the actions, decisions, or other behavior taken or not taken by you in reliance upon any material which may be published on this Website from time to time. This includes but is not limited to legal, taxation and technical material. If you choose to act in reliance on any material published on this Website, you do so at your absolute own risk fully aware of the general nature of the material and the disclaimers noted herein.

You should not make any decision to act or not act without seeking professional advice specific to your personal circumstances.

Statistics

Statistics are published for general information only. By using the Website you agree and acknowledge that cryptocurrencies, such as Bitcoins, are extremely volatile and subject to rapid change in value.

Without limiting the generality of any other provision of these Conditions, we give no warranty as to the accuracy, currency, completeness, reliability, fitness and suitability of any statistics published on our Website.

Any forecasts are estimates only and must not be relied upon. Statistics are current at the time of publication only. They do not take into account any factors which may be subject to changes including but not limited to changes to the economy, currency value, laws of any jurisdiction, security, government, environment or political state of any country, even when such changes were reasonably likely and should have been reasonably foreseen at the time of publication.

Statistics may have been compiled using third party data. Whilst we use reasonable endeavors to verify the accuracy of third party data we do not warrant that the third party data or the resulting statistics are accurate or error free.

Statistics relating to results or trends may rely on third party data to the exclusion of other third party data. This exclusion may be intentional or unintentional. The statistics may be bias or self-serving.

You must undertake your own investigations and due diligence with respect to any material published on the Website. You must not act or omit to act in reliance on any statistics published on our Website.

Access

While we use reasonable endeavours to ensure that the Website is available continuously, we do not make any representations or warranties that your access will be uninterrupted, timely, secure or error free. Access to the Website may be suspended without notice in the case of system failure, maintenance or repair or any reason beyond our control.

We reserve the right to change or discontinue any Website, feature or service (or part thereof) on the Website at any time.

Your use of the Website

    You must not:
  • 1. Use the Website in breach of any applicable laws or regulations or for any unlawful purpose;
  • 2. Interfere with, disrupt, or create an undue burden on the Website;
  • 3. Use any robot, spider, or other device or process to retrieve, index, or in any way reproduce, modify or circumvent the navigational structure, security or presentation of the Website;
  • 4. Use the Website with the assistance of any automated scripting tool or software;
  • 5. Frame or mirror any part of the Website without our prior written authorisation;
  • 6. Use code or other devices containing any reference to the Website to direct other persons to any other web page;
  • 7. Except to the extent permitted by law, modify, adapt, sublicense, translate, sell, reverse engineer, decipher, decompile or otherwise disassemble any portion of the Website or cause any other person to do so; or
  • 8. Delete any attributions or legal or proprietary notices on the Website.

Opinions

Any opinions expressed on the Website are the opinions of the author only and are not attributable to us unless expressly stated. Our publication of such opinions is not to be construed as an endorsement or approval by us of those opinions. Whilst reasonable endeavours will be made to ensure published material is not offensive, defamatory, discriminatory or otherwise unlawful, we do not assume any liability whatsoever for the opinions of contributors whose material is published on our Website.

Third party websites and advertising

We may feature or display links and pointers to websites operated by third parties on the Website ("linked websites"). Such linked websites:-

    You must not:
  • are provided for convenience only and may not remain current or be maintained;
  • do not form part of the Website and are not under our control.

We are not responsible for the content or privacy practices associated with linked websites, and the linked websites should not be construed as an endorsement, approval or recommendation by us or the owners or operators of those linked websites, or of any information, graphics, materials, products or services referred to or contained on those linked websites, unless we expressly state otherwise. If you link to any such linked websites, you leave the Website entirely at your own risk.

You must not link to the Website from any other website (or otherwise authorise any other person to link from a third party website to the Website) without our prior written consent.

The Website may feature or display third party advertising. By featuring or displaying such advertising, we do not in any way represent that we recommend or endorse the relevant advertiser, its products or services. If you choose to engage with an advertiser, you do so entirely at your own risk. We are not a party to any arrangement agreed between you and the advertiser and we will not be liable to you for any loss suffered by you as a result of your engagement with an advertiser.

You acknowledge that the advertising on our Website may be paid advertising.

If you contact a third party using functionality provided on the Website, including via e-mail, we do not accept any responsibility for any communications or transactions between you and the relevant third party.

Promotions and Activities

From time to time, we may promote, advertise, or sponsor functions, events, offers, competitions or other activities that may be conducted offline and may be conducted by third parties.

You participate in any such activities entirely at your own risk. We do not accept any responsibility in connection with your participation in activities conducted by any third party. These communications and/or activities may be subject to separate terms and conditions, including those relating to the use of your private information. It is your sole responsibility to ensure that you are aware of the applicable terms and conditions before proceeding.

Cross Promotion of Related Businesses

You acknowledge that from time to time we may use the Website to promote, advertise or provide links to our Related Entities or other companies or businesses in which we, or our Related Entities, have an interest or will receive a commission, value, consideration or favour for doing so. It is your sole responsibility to determine whether any promotions, products or services are rightly suitable for you.

Translations

This Website may contain translations of the English version of content. These translations are provided only as a convenience. The only valid version of this Website is the original untranslated English copy.

Intellectual Property

Except where expressly provided otherwise in the Conditions, you do not have any right, title or interest in or to any proprietary rights relating to the Website or the material.

The Website contains material that is protected by copyright, trade mark and other laws. Except where expressly provided otherwise in the Conditions, you may reproduce and display the material published on the Website for your own personal, non-commercial use only.

Except for the temporary copy held in your computer's cache and a single permanent copy for your personal reference, the material may not otherwise be used, stored, reproduced, published, altered or transmitted in any form or by any means in whole or part without our prior written approval or the written approval of our licensor.

In particular, you may not use any material on the Website to establish, maintain or provide, or assist in establishing, maintaining or providing your own publications, website or other means of distribution.

Nothing displayed on the Website should be construed as granting any right of use in relation to any logo, masthead or trade mark displayed on the Website without the express written consent of the relevant owner.

Copyright Infringement

If you believe your copyright has been infringed, you will need to send to us a copyright infringement notice identifying the material(s) that you believe infringe(s) the copyright, identify each copyright protected work in which you own the rights and which you believe has been infringed, identify how each copyright protected work has been or is being infringed and include your contact information. You will need to sign the notice and send it to us at admin@kryptoia.com

Liability

You use the Website at your sole risk.

To the extent permitted by law, we exclude all liability whether direct or indirect, which may arise as a result of the use of this Website. We will not be liable for any special damages; indirect damages; incidental damages; consequential damages or lost profits under any circumstances.

To the extent that in a particular circumstance any disclaimer or limitation of liability is prohibited by applicable law, then we will be entitled to the maximum disclaimers or limitations available at law or in equity and in no event will that liability exceed $100 Australian Dollars.

We are the only one responsible to you for the Website. To the extent permitted by law, you waive any right you may otherwise have, to pursue any of the Company's Related Entities (as that term is described in the Corporations Act 2001).

Indemnity

You agree to fully indemnify and hold us harmless against any expenses, costs, loss (including consequential loss) or damage that we may suffer or incur as a result of or in connection with your use of, access to or conduct in connection with the Website, including any breach by you of the Conditions.

No Class Actions

You waive any right to pursue disputes on a class-wide basis, that is to either join a claim with the claim of any other person or entity, or assert a claim in a representative capacity on behalf of anyone else in any lawsuit, arbitration or other proceeding.

Severability

If any provision of the Conditions is deemed invalid by a court of competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of the Conditions, which shall remain in full force and effect.

No waiver

No waiver of any term of the Conditions shall be deemed a further or continuing waiver of such term or any other term. Any failure to assert any right under the Conditions shall not constitute a waiver of such right.

Affirmation regarding age

By using the Website you affirm that you are 18 years or over or otherwise possess legal parental or guardian consent.

Applicable law

These Conditions shall be construed in accordance with and governed by the laws of Republic of Singapore. You consent to the exclusive jurisdiction of the courts in Singapore to determine any matter or dispute which arises under the Conditions.