Terms of Use and Disclaimer

PLEASE READ THESE TERMS OF USE AND DISCLAIMER CAREFULLY. IF YOU DO NOT AGREE TO THESE TERMS OF USE AND DISCLAIMER, DO NOT PURCHASE ANY FIDA.

Your purchase of fida tokens (“fida”) during the Initial Coin Offering (“ICO”), or during following Coin Offerings (“CO”), from wownity (“Company”, “we”, or “us”), is subject to these terms of use and disclaimer (“Terms”). Each of you and us is a “Party”, together the “Parties”. By purchasing fida from us during the ICO and CO, and when using services of wownity,you will be bound by these Terms and any terms incorporated by reference or on our website (fida.io, wownity.com or wownity.nl). If you have any questions regarding these Terms, please contact us at info@wownity.com.

You and Company agree as follows:

• Commencement and duration of the ICO. The Company will conduct an ICO of fida, which will be announced March 28th 2018 and has no specified end date. It will be announced during the sale.
• Commencement and duration of a CO. The Company can conduct CO’s of fida any time in the future at no specific dates. It will be announced on our website.
• You are 18 years or older or have permission (parental or otherwise) to purchase fida. Wownity cannot ensure fida are not bought by minors.
• The purchase of fida can lead to loss of money over short or long periods. The purchasers of fida should expect large range fluctuations in prices. The information on the website cannot guarantee that the purchase of fida would not lose money.
• You are solely responsible to determine what, if any, taxes apply to these transactions and purchases. The owners of, or contributors to the website and the Company are not responsible for determining the taxes that apply to wownity transactions and purchases.
• We make no claims that the purchase of fida is accessible, appropriate or legal to every person or every country. If you purchase fida, you do so on your own initiative and you are responsible for compliance with local laws.
• By registering, you expressly represent and warrant that you have accepted these Terms and that you are at least 18 years of age and have the full capacity to accept these Terms and enter into a transaction involving fida.
• By registering with us, you agree to provide wownity with current, accurate and complete information about yourself, as prompted by the registration process, and to keep such information updated.
• You agree that you will not use the Services of wownity to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking.

Legal aspects, conditions and disclaimer

Fida are products, not a security or an investment; They will not give you any voting rights or any other rights in the company. Fida may not be available in certain countries or for certain individuals. You alone are responsible for the purchase of fida, and any risks attached to it, for an indefinite period of time. You must inform yourself on the relevant laws that are upheld in your country or state regarding crypto tokens. Wownity cannot be held responsible. Please also review our terms of use before purchasing fida. 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). Wownity shall not be liable for any indirect, direct, special, incidental, consequential or other losses of any kind, 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 to make, acceptance of or reliance 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 our whitepaper. Our business model facilitates the buying and selling of fida in an unregulated, international open payment system and market.

By accessing and/or accepting possession of any information in our whitepaper or such part thereof (as the case may be), you represent and warrant to wownity as follows:

• (a) You agree and acknowledge that in the case where you wish to purchase any fida, the fida are not to be construed, interpreted, classified or treated as:
  • (i) any kind of currency other than a crypto token,
  • (ii) debentures, stocks or shares issued by any person or entity,
  • (iii) rights, options or derivatives in respect of such debentures, stocks or shares,
  • (iv) units in a collective investment scheme,
  • (v) units in a business trust,
  • (vi) derivatives of unities in a business trust, or
  • (vii) any other security or class of securities.
• (b) You are fully aware of and understand that you are not eligible to purchase any fida if you are a citizen, a resident (tax or otherwise) or a green card holder of a geographic area in which access to or use of or the acceptance of delivery of fida is prohibited by applicable law, decree, regulation, treaty, or administrative act.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of wownity and/or its affiliates and/or its products to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements.

These factors include, among others: (I) changes in political, social, economic and stock, cryptocurrency or token market conditions, and the regulatory environment in the countries in which wownity conducts its respective businesses and operations; (II) the risk that wownity may be unable to execute or implement their respective business strategies and future plans; (III) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies and tokens; (IV) changes in the anticipated growth strategies and expected internal growth of wownity; (V) changes in the availability, fees payable to, salaries of employees, future capital needs or preferences of customers of wownity; (VI) war or acts of international or domestic terrorism; (VII) occurrences of catastrophic events, natural disasters or and other disaster that affect the business and/or operations of wownity.

Nothing contained in our whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of wownity.

Unverified registration

You also agree that wownity may, by giving notice, in its sole discretion refuse or cancel your registration to the Site, including without limitation, its right to: limit, suspend or terminate the services, and take technical and legal steps if we suspect that you are creating problems or possible legal liabilities, infringing the intellectual property rights of third parties, or acting inconsistently with the letter or spirit of these Terms. Additionally, we may, in appropriate circumstances and at our discretion, refuse or terminate your registration for any reason, including without limitation: (1) overcoming software security features limiting use of or protecting any content, (2) usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (3) violations of these Terms of Use, (4) a failure to pay or a fraudulent payment for Transactions, (5) unexpected operational difficulties, or (6) upon the request of law enforcement or other government agencies, if deemed legitimate and compelling to do so by wownity, acting in its sole discretion.

We expressly reserve the right to refuse, cancel and/or terminate your registration that has not been verified by wownity despite efforts made in good faith by wownity to contact you to obtain such verification.

External Websites

Wownity makes no representations whatsoever about any external or third-party website you may access through our website. Occasionally, the wownity website may provide references or links to other websites ("External Websites"). We do not control these External Websites or third-party sites or any of the content contained therein. You agree that we are in no way responsible or liable for the External Websites referenced or linked from the wownity website, including, but not limited to, website content, policies, failures, promotions, products, opinions, advice, statements, prices, activities and advertisements, services or actions and/or any damages, losses, failures or problems caused by, related to, or arising from those sites. You shall bear all risks associated with the use of such content.

External Websites have separate and independent terms of use and related policies. We request that you review the policies, rules, terms and regulations of each site that you visit. It is up to you to take precautions to ensure that whatever you select for your use is free of items such as viruses, worms, Trojan horses and other items of a destructive nature.

Email

Unencrypted email messages sent over the Internet are not secure and wownity is not responsible for any damages incurred by the result of sending email messages in this way. We suggest sending email in a secure way.

Financial Advice

For the avoidance of doubt, we do not provide any investment advice. We may provide information on the price, range and volatility of fida that are available in the market and events that have affected the price of fida, but this must not be considered investment advice, nor should it be construed as such. Any decision to purchase or sell fida is solely your decision and we shall not be liable for any loss suffered.

Disclosures to legal authorities and authorized financial institutions

We may share your Personal Information with law enforcement, data protection authorities, government officials, and other authorities when:

• Required by law;
• Compelled by subpoena, court order, or other legal procedure;
• We believe that disclosure is necessary to prevent physical harm or financial loss;
• Disclosure is necessary to report suspected illegal activity; or
• Disclosure is necessary to investigate violations of our Terms of Use and Disclaimer.

"Personal Information" refers to information that identifies an individual, such as his or her name, address, e-mail address, trading data and bank details. “Personal Information” does not include anonymized and/or aggregated data that does not identify a specific registrar.

We store and process your Personal Information in data centres around the world, wherever wownity facilities or service providers are located. As such, we may transfer your Personal Information outside of the European Economic Area (“EEA”). Such transfers are undertaken in accordance with our legal and regulatory obligations.

Changes to the Terms of Use and Disclaimer

We may revise and update these Terms at any time, in our sole discretion and without prior notice. All changes are effective immediately upon posting. Your continued use of our products following the posting of the revised or updated Terms means that you accept and agree to the changes. Please refer to the header of these Terms to view the date of the last updated version.

Intellectual property rights

Wownity and its entire contents, features and functionality (including but not limited to all information, software, text, displays, images, video and audio, and the design, selection and arrangement thereof), are owned by the Company, its licensors or other providers of such material and are protected by copyright, trademark, patent, trade secret and other intellectual property or proprietary rights laws.

These Terms permit you to use our whitepaper for your own personal, non-commercial use only. You must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store or transmit any of the material in our whitepaper.

Jurisdiction

The Terms of Use and Disclaimer shall be governed and construed in accordance with the law of the Netherlands. The parties hereto agree to irrevocably submit to the exclusive jurisdiction of the courts of the Netherlands.

Translations

The whitepaper contains translations of the English version of the whitepaper. These translations are provided to you only as a convenience. In the event of any conflict between the English language version of the whitepaper and the translated version of the whitepaper, the information on the English language version shall take precedence. If you notice any inconsistency, please report them us.

Contact Us

If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms and/or wownity, please contact us. Our contact address: info@wownity.com.