ABIO Coin project is a unique tool for P2B (peer to business) lending of industrial enterprises on the basis of the blockchain algorithm. By crediting business at the stage of collecting funds the investor secures stable income in form of dividend payments depending on the limits of profitability of the enterprise, while internal blockchain system is responsible for the of distribution of means. This is an innovative approach for attracting business financing that allows you to avoid problems of irregular payments, to organize business transparency and the entire process of investments, as well as to escape fraud and negligence cases in relation to the investors ' money. It is expected that such decisions will lead to free access to the P2B market, will reduce the input threshold for an average investor, and also will increase the investment attractiveness of the process itself.
In September 23, 2010 in Vologda, NPO Severniy Standart Ltd. was registered. That step became the foundation of the future biotechnology plant Biotech. The total investment in the project is 1.2 billion rubles. A foreign currency loan from Rosselkhozbank JSC was raised in the amount of 13.5mln euros for the establishment of the enterprise. The aim of this project was to create a sustainable, high-tech production base for the utilization and recycling of waste from livestock and poultry, based on energy-saving, environmentally-friendly biotechnologies. However, due to the exchange rate destabilization of the ruble, the actual body of the loan has doubled, amounting to 964 million rub.
By the spring of 2017 the decision to build a processing system based on the blockchain method was made, which could automatically distribute payments and enter into agreements based on smart-contract. This practice, according to the calculations of company financiers, will save you an impressive amount of money, which was supposed to be spent on conclusion of legal agreements, accounting, marketing (traditional view), etc. Moreover, conservative methods of raising funds led to diffusion of share ownership to the enterprise of the legitimate owner, as well as unreasonably high credit interests percentage (what really happened to the Biotek plant).
Investor puts money in BTC or ETH, thus identifying himself in the system. Then, the funds are consolidated in the internal blockchain network. Smart contract is created. Further, payment of funds occurs accordingly to the algorithms of profit distribution (as per each share in the shared pool). Subsequently, the funds are converted and credited to the specified address of the investors (personal account), accomplishing the algorithm of dividend payments. The buyback will be executed in the personal account of the investor according to the following principles: reserve of funds that are funded monthly will be used to purchase tokens (relatively to the net revenue of the plant), and will be available in limited quantities to each investor (again, according to his share). Also, the system to vote regarding future decisions will be implemented in the investor’s personal account (Blockchain vote technology) which will allow him to directly participate in the activities of businesses and to influence the course of business.
Unique “Biotek” company is the only plant for processing biological waste of cattle-breeding and poultry from farms in the North-Western region of Russia with net sales of about $500,000 per month.
Modern and powerful equipment installed in the plant complies with all rules and sanitary-epidemiological norms for processing of biological waste, therefore, we do not only provide the livestock enterprises with high quality forage products, but guarantee the environmental protection of the North-West of Russia.
Meat and bone meal has become an integral component in animal and poultry feeding. Our flour is the best quality nutritious protein – mineral product, source of high protein, amino acids, phosphorus, and easily digestible fats. We care about health of your animals, that is why we produce two kinds of flour, balanced with antioxidant:
Modern equipment, installed at “Biotek”, meets all requirements for fat processing. Before the finished product gets to the consumer, it is subjected to purification from impurities and moisture by means of separation and settling and lastly adding antioxidant. Carrying out regular supply of technical animal fat, we provide our partners with high-quality low-cost product, creating the basis for their production. This product is used for soap making, leather production, chemical and metal processing industries.
Debt restructuring of the company, the formation of crypto-investors, setting the 4th boiler3
Settling the major part of the company's financial debt, signning new contracts with counter-parties5
Improving the internal network of the blockchain, attracting new developers and PR companies2
Debt restructuring of the company, the formation of crypto-investors, setting the 4th boiler3
Cancelling up to 50% of total debt, gradual expansion of volume and establishment of payments for the funds4
Settling the major part of the company's financial debt, signning new contracts with counter-parties5
Entire debt repayment, cooperation with investors6
|Index||Optimistic scenario||Pessimistic scenario|
|5 month||12 month|
|2 500 000$||1 000 000$|
|Role of Token||ERC20 token. Token holders are eligible for a proportional share of net profit of the Biotek plant (ABIOGroup)|
|Total volume||30 000 000 (including bonuses)|
|For sale||30 000 000 (no new tokens will be issued)|
|Price||$1 for ABIO Coin in accordance with exchange rates at the moment of transaction creation (+-10 min)|
|Investor account, ERC20 wallet|
|Distribution period||from 25.09.2017 to 25.10.2017|
|Accepted currencies||BTC, ETH|
As soon as $20 000 000 limit will be reached (excluding bounty campaign), all other tokens will be burnt.
At the stage of PRE-ICO ABIO tokens for the sum of $360 000 (with 40% discount) will be sold i.e., 1 ABIO Coin will be offered for $0.6 and the total quotation of tokens at this stage will equal to 600 000. In case the necessary amount needed is not reached, the campaign to raise funds will continue in normal mode, and more tokens will be available at the ICO stage.
During the main campaign for raising funds, the following terms will be offered (in the framework for compensation to first participants):
1 DAY: 15% discount
2 - 5 DAYS: 10% discount
6 - 10 DAYS: 5% discount
During the subsequent days no discount will be granted.
CEO & Co-founder
CFO & Co-founder
CPO & Blockchain developer
Communication and marketing manager
Adviser & Industry Expert
ABIOCOIN August, 2017
READ THESE TERMS AND CONDITIONS ("TERMS") CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN.
BY UTILIZING THE WEBSITE LOCATED AT ABIOCOIN.COM ("Website") AND PRODUCTS OFFERED THEREIN, YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THEM.
THE Ferco Investment Ltd. DOES NOT AND CANNOT GUARANTEE THE LEVEL OF CAPITAL OF THE CLIENTS OR ITS VALUE AT ANY TIME OR ANY MONEY INVESTED IN ANY FINANCIAL INSTRUMENT.
IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE NOR ITS PRODUCTS. YOU MAY BE REFERRED TO YOU OR THE ENTITY YOU REPRESENT.
ABIOCOIN RESERVES THE RIGHT TO CHANGE, MODIFY, ADD OR REMOVE PORTIONS OF THESE TERMS AT ANY TIME FOR ANY REASON. WE SUGGEST THAT YOU REVIEW THESE TERMS PERIODICALLY FOR CHANGES. SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. YOU ACKNOWLEDGE THAT BY ACCESSING THE WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THE MODIFIED TERMS.
THIS DOCUMENT DOES NOT CONSTITUTE INVESTMENT ADVICE OR COUNSEL OR SOLICITATION FOR INVESTMENT IN ANY SECURITY AND SHALL NOT BE CONSTRUED IN THAT WAY. THIS DOCUMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR ANY INVITATION TO OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES, NOR FOR ABIOCOIN TOKENS. ABIOCOIN.COM EXPRESSLY DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION CONTAINED IN THIS DOCUMENT, (II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION OR (III) ANY ACTION RESULTING THEREFROM.
Crowdfund or Crowdfunding shall means the crowdfunding process contemplated by the Whitepaper by which the Ferco Investment Ltd. will receive financing for the development of the manufacturing plant.
Crowdfunder shall means you and the legal or natural person participating in the Crowdfunding.
Ethereum public blockchain shall means an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.
Fiat money shall means inconvertible paper money made legal tender by a government decree.
1.1 ABIOCOIN is a cryptographic token, issued by Ferco Investment Ltd. (ABIOCOIN.COM), and published in Ethereum public blockchain.
1.2 Each ABIOCOIN token is a financial instrument representing the right to earn a share of Ferco Investment Ltd. net income (according to the share of ABIOCOIN coins to all of the tokens issued).
1.3 Revenue to repurchase tokens and pay dividends is earned by Ferco Investment Ltd. (ABIOCOIN), Russian Federation.
1.4 Ferco Investment Ltd. organize the Crowdfunding campaign, to issue ABIOCOIN tokens, to do all conversion form cryptocurrencies/tokens to fiat money and back, to organize buyback and refund payment processing in dividend form.
1.5 Ferco Investment Ltd. Investment is not an investment advisor and shall not be understood and interpreted as such. ABIOCOIN is not a security.
1.6 ABIOCOIN tokens is/are not cryptocurrency, regardless of what legal meaning word “cryptocurrency” has, unless and to the extent the meaning of ABIOCOIN tokens are described and defined by these terms and conditions.
2.1 You agree to purchase and Ferco Investment Ltd. agrees to sell, on the terms set forth herein, ABIOCOIN tokens. Ferco Investment Ltd. can provide a refund of the purchase price and pay dividends according the present terms and conditions herein.
2.2 Tokens will be created and provided to Crowdfunders after completion of the Crowdfunding.
2.3 Tokens distributed in recognition of financing received by Ferco Investment Ltd. during the Crowdfunding will constitute 100% of the total number of Tokens generated.
2.4 The price of the ABIOCOIN token is nominated in US dollars (USD)
2.5 The price per ABIOCOIN tokens will increase during Crowdfunding campaign (according to Token Sale terms).
2.6 After the end of Crowdfunding, it would be possible to submit a request for purchase of the ABIOCOIN tokens. Provided, Ferco Investment Ltd. cannot guarantee that these requests would be fulfilled.
3.1 Buyback is the process of buying ABIOCOIN tokens from Crowdfunders on crypto exchanges or directly from the Website according to the “public offer” that published on the Website.
3.2 Ferco Investment Ltd. estimates that approximately 80% of net profit will be distributed to pay dividends and buyback issued tokens.
3.3 Buyback would be carried out by Ferco Investment Ltd.
3.4. Dividend payments would be carried out by Ferco Investment Ltd.
4.1. Ferco Investment Ltd. retain all right, title and interest in all of its intellectual property, including inventions, discoveries, processes, marks, methods, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyrights or patents based thereon. You may not use any of its intellectual property for any reason, except with its express, prior, written consent.
4.2 In particular, Ferco Investment Ltd. retains all intellectual property rights, mostly, but not limited, to copyright, over the source code forming ABIOCOIN tokens. These terms shall not be understood and interpreted in a way that they would mean assignment of intellectual property rights, unless it is explicitly defined so in these terms.
4.3 You are being granted a non-exclusive, non-transferable, revocable license to access and use the Website and to use the ABIOCOIN tokens strictly in accordance with these Terms. As a condition of your use of the Website and ABIOCOIN tokens you warrant to ABIOCOIN.COM that you will not use the Website and ABIOCOIN tokens for any purpose that is unlawful or prohibited by these Terms. You may not use the ABIOCOIN tokens in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party's use and enjoyment of the Website, ABIOCOIN tokens or any other products offered thereto. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Website and/or ABIOCOIN tokens and/or other services provided thereto. Limitation to the transferability of license shall not be understood in a way, that the users are not allowed to transfer ABIOCOIN tokens to third parties.
4.4 All content included on the Website, including the ABIOCOIN tokens, and associated products and services, such as, but not limited to, text, graphics, logos, images, source code, as well as the compilation thereof, and any software used on the Website is the property of Ferco Investment Ltd. and protected by copyright, trademark and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
5.1 You will implement reasonable and appropriate measures designed to secure access to (i) any device associated with the email address associated with your account, (ii) private keys required to access any relevant Ethereum (ERC20) address, and (iii) your userABIOCOIN, password and any other login or identifying credentials.
5.2 In case you suspect a security breach in any of the above mentioned, you will inform us immediately so Ferco Investment Ltd. can take all required and possible measures to secure your account, ABIOCOIN tokens and systems as whole.
5.3 If you are no longer in possession of any device associated with your account or are not able to provide your login or identifying credentials, Ferco Investment Ltd. may, in its sole discretion, and only if Ferco Investment Ltd. are able, grant access to your account to any party providing additional credentials to us. Ferco Investment Ltd. explicitly reserves the right to determine the additional credentials required, which may include, without limitation, a sworn, notarized statement of identity.
6.1 As a principle, ABIOCOIN.COM collects only what Ferco Investment Ltd. needs and will not share your personal information with any third parties. Even within ABIOCOIN.COM, access to your personal information is limited to a subset of employees who work on compliance and identity verification matters. ABIOCOIN.COM is the only data controller and processor.
6.2 You will provide to us, immediately upon its notice of request, information that Ferco Investment Ltd., in its sole discretion, deem to be required to maintain compliance with any federal, state or local law, regulation or policy. Such documents include, but are not limited to, passports, driver’s licenses, utility bills, photographs of you, government identification cards, or sworn statements.
6.3 ABIOCOIN.COM reserves its right to request documentation, described in paragraph 6.1, prior to activating your account at any of ABIOCOIN.COM services, and any services, available through Website. ABIOCOIN.COM may refuse you access to ABIOCOIN.COM services and Website should it have doubts as to validity, authenticity and genuineness of the documents, provided by you.
6.4 ABIOCOIN.COM collects information from running the Website and products, provided thereto, and uses information, provided to us by you. When you visit the Website or use Ferco Investment Ltd.’s products, Ferco Investment Ltd. collects information sent to us by your computer, mobile phone, or other access device. This information may include your IP address, device information including, but not limited to, identifier, ABIOCOIN, and type, operating system, mobile network information and standard web log information, such as your browser type, and the pages you accessed on Website. When you use a location-enabled device with its Website and products, Ferco Investment Ltd. may collect geographical location data or use various means to determine the location, such as sensor data from your device that may, for instance, provide data on nearby cell towers and wi-fi access spots. However, Ferco Investment Ltd. will not release your personally-identifying information to any third party without your consent, except as set forth herein.
6.5 If you create an account at Ferco Investment Ltd.’s Website and use Ferco Investment Ltd.’s products, ABIOCOIN tokens included, we may collect and store the following types of information: Contact information – your ABIOCOIN, address, phone, email and other similar information. Before permitting you to use Website and products, Ferco Investment Ltd. may require you to provide additional information (such as a date of birth, passport number, numbers that you may use or have registered with your local tax authority, or other data which can be used for personal identification purposes and that may be required to comply with applicable laws) so that Ferco Investment Ltd. can verify your identity or address. Ferco Investment Ltd. may also obtain information about you from third parties such as identity verification services.
6.6 When you use Ferco Investment Ltd.’s Website, Ferco Investment Ltd. collects information about your transactions (such as date, time and amount of transaction) and your other activities on Website and Ferco Investment Ltd. may collect information about your computer or other access device for fraud prevention purposes. Ferco Investment Ltd. may collect additional information about you through your interactions with support team.
6.7 When you access the Website or use Ferco Investment Ltd.’s products or services Ferco Investment Ltd. (or Google Analytics on Ferco Investment Ltd.’s behalf) may place small data files called cookies on your computer or other device. Ferco Investment Ltd. uses these technologies to recognize you as Ferco Investment Ltd.’s user; customize Website and advertising; measure promotional effectiveness and collect information about your computer or other access device to mitigate risk, help prevent fraud, and promote trust and safety.
6.8 Throughout this policy, Ferco Investment Ltd. uses the term “personal information” to describe information that can be associated with a specific person and can be used to identify that person. Ferco Investment Ltd. does not consider personal information to include information that has been anonymized so that it does not identify a specific user.
6.9 Ferco Investment Ltd. protects your information using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards Ferco Investment Ltd. uses are firewalls and data encryption, physical access controls to Ferco Investment Ltd.’s data centers, and information access authorization controls. Ferco Investment Ltd. also authorizes access to personal information only for those employees who require it to fulfil their job responsibilities. All Ferco Investment Ltd.’s physical, electronic, and procedural safeguards are designed to comply with applicable laws and regulations.
6.10 Ferco Investment Ltd. is sometimes required to compare the personal information you provide to third party databases in order to verify its accuracy and confirm your identity. This allows us to comply with state and federal anti-money laundering and “know your customer” regulations. Ferco Investment Ltd. will not sell or rent your personal information to third parties. Ferco Investment Ltd. may combine your information with information Ferco Investment Ltd. collects from other companies and use it to improve and personalize the Website and Ferco Investment Ltd.’s products, as well as its content and advertising. Ferco Investment Ltd. may use your ABIOCOIN and email address to provide you with information about products or services that may be of interest to you, but Ferco Investment Ltd. will not use your personal information without complying with applicable laws and, where appropriate, obtaining your consent.
6.11 Ferco Investment Ltd. reserves the right to share your personal information with:
(a) banking partners (if you link a bank account, debit card, or credit card to your account);
(b) third parties that Ferco Investment Ltd. plans to merge with or be acquired by (should such a combination occur, Ferco Investment Ltd. will require that the newly combined entity follow these terms with respect to your personal information, and you would as well receive prior notice of any change in applicable policy);
(c) 3rd party identification services providers for fraud prevention purposes;
(d) law enforcement, government officials, or other third parties when i) Ferco Investment Ltd. is compelled to do so by a subpoena, court order, or similar legal procedure; or ii) Ferco Investment Ltd. believes in good faith that the disclosure of personal information is necessary to prevent physical harm or financial loss, to report suspected illegal activity or to investigate violations of Ferco Investment Ltd.’s terms;
(e) other third parties only with your prior consent or direction to do so.
ABIOCOIN.COM will not provide your personal information to any other ABIOCOIN.COM users without your consent or direction.
6.12 You may access, review and edit your personal information at any time by logging in to the Website using your credentials.
7.1 All your factual and potential tax obligations are your concern and ABIOCOIN.COM is not in any case and under no conditions bound to compensate for your tax obligation or give you any advice related to tax issues, including but not limited what kind of filing or reporting you need to do with the competent tax authority, which taxes and to which extent you are obliged to pay, which tax exemptions you are eligible to etc.
7.2 All fees and charges payable by you are exclusive of any taxes, and shall certain taxes be applicable, they shall be added on top of the payable amounts. Upon Ferco Investment Ltd.’s request, you will provide us any information Ferco Investment Ltd. reasonably requests to determine whether Ferco Investment Ltd. is obligated to collect VAT from you, including your VAT identification number. If any deduction or withholding is required by law, you will notify us and will pay us any additional amounts necessary to ensure that the net amount that Ferco Investment Ltd. receives, after any deduction and withholding, equals the amount Ferco Investment Ltd. would have received if no deduction or withholding had been required. Additionally, you will provide us with documentation showing that the withheld and deducted amounts have been paid to the relevant taxing authority.
8.1 ABIOCOIN.COM reserves the right, in its sole discretion, to terminate your access to the Website and its related services or any portion thereof at any time, without notice, in particular due to legal grounds originating in ant-money laundering and know your client regulation and procedures.
9.1 The Website and its products are not offered for use to the citizens of the United States of America (“USA”) regardless of their location, and are not offered to natural or legal persons, having their seat or habitual residence in the USA.
9.2 All activities of the website and its products are executed out of the USA.
9.3 By participating in the Crowdfunding, making payments, or receiving and holding ABIO Tokens you represent and warrant that you are not a US resident or citizen.
9.4 Due to the ABIOCOIN.COM products being offered on the Internet (meaning both the world wide web and public Ethereum blockchain) ABIOCOIN.COM understands that there is a possibility that there might be a certain “flow back” of ABIOCOIN.COM products into the USA or to the citizens of the USA. ABIOCOIN.COM consequently explicitly prohibits persons from paragraph .
9.5 From using ABIOCOIN.COM products and Website. ABIOCOIN.COM shall not be held liable for any legal or monetary consequence arising of such use. Such persons using ABIOCOIN.COM products and Website despite the prohibition shall on first request indemnify and hold harmless ABIOCOIN.COM from any legal or monetary consequence arising of their breach of this terms as described in this paragraph.
10.1 Ferco Investment Ltd. may provide any notice to you under this Agreement by: (i) posting a notice on the Website; or (ii) sending an email to the email address then associated with your account. Notices Ferco Investment Ltd. provides by posting on the Website will be effective upon posting and notices Ferco Investment Ltd. provides by email will be effective when Ferco Investment Ltd. sends the email. It is your responsibility to keep your email address current. You will be deemed to have received any email sent to the email address then associated with your account when Ferco Investment Ltd. sends the email, whether or not you actually receive or read the email.
10.2 To give us notice under this Agreement, you must contact us by email to [SUPPORT-CONTACTS]. Ferco Investment Ltd. may update this email address for notices to us by posting a notice on Website. Notices to us will be effective one business day after they are sent..
10.3 All communications and notices to be made or given pursuant to this Agreement must be in the English language.
11.1 You understand that ABIOCOIN token, blockchain technology, the Ethereum protocol, Ethereum and other associated and related technologies are new and untested and outside of ABIOCOIN.COM controls and adverses changes in market forces or the technology, broadly construed, may affect ABIOCOIN’s performance under this agreement.
11.2 In addition to the above, you also acknowledge that you have been warned of the following risks, associated with the Website and products offered thereto and in particular with ABIOCOIN token.
(a) Legal risks regarding securities regulations
There is a risk that in some jurisdictions ABIO token might be considered to be a security, or that it might be considered to be a security in the future. Abiocoin.com has avoided making ABIOCOIN tokens available to natural and legal persons from such jurisdictions, however abiocoin.com does not give warranties or guarantees that ABIO token is not a security also in all jurisdictions, where it was made available. Each user of ABIO tokens shall bear its own legal or financial consequences of ABIO being considered a security in their respective jurisdiction.
Acquiring cryptographic tokens in possession and exchanging them for other cryptographic tokens will most likely continue to be scrutinized by various regulatory bodies around the world, which has so far given mixed reactions and regulatory impact. The legal ability of abiocoin.com to provide ABIO tokens could in some jurisdictions be eliminated by future regulation or legal actions. In the event, it turns out with a high degree certainty that ABIO tokens are not legal in certain jurisdiction, abiocoin.com will either a) cease operations in that jurisdiction, or b) adjust ABIO tokens in a way to comply with the regulation should that be possible and viable.
(b) Risks associated with the Ethereum protocol
ABIOCOIN token is based upon the Ethereum protocol. As such, any malfunction, unintended function or unexpected functioning of the Ethereum protocol may cause the ABIOCOIN token to malfunction or function in an unexpected or unintended manner. Ethereum, the native unit of account of the Ethereum Protocol may itself lose value in ways similar to ABIO token, and also other ways. More information about the Waves protocol is available at https://www.ethereum.org.
(c) Risks associated with users’ credentials
Any third party that gains access to the user’s login credentials for the website or private keys may be able to dispose of the user’s ABICOIN tokens. To minimize this risk, the purchaser should guard against unauthorized access to their electronic devices.
(d) Risk of unfavorable regulatory action in one or more jurisdictions
Blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning of the Ethereum network and associated blockchain networks and ABIOCOIN could be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions on the use or possession of digital tokens like ABIOCOIN, which could impede or limit their existence, permissibility of their use and possession, and their value.
(e) Risk of theft and hacking
Hackers or other groups or organizations may attempt to interfere with your token wallet, the website or the availability of ABIOCOIN tokens in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks.
(f) Risk of security weaknesses in the ABIOCOIN source code or any associated software and/or infrastructure
There is a risk that the Abiocoin, or other third parties may unintentionally introduce weaknesses or bugs into the ABIOCOIN token source code interfering with the use of or causing the loss of ABIOCOIN tokens.
(g) Risk of weaknesses or exploitable breakthroughs in the field of cryptography
Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Ethereum platform and ABIOCOIN, which could result in the theft or loss of tokens.
(h) Risk of low or no liquidity
Even though there are currently online service available, which enable possibility of exchange of cryptographic tokens between themselves, and also, some of them enable exchange of cryptographic tokens for fiat money, there are no warranties and/or guarantees given that ABIOCOIN tokens will be subject to exchange for other cryptographic tokens and/or fiat money, and no guarantees are given whatsoever with the capacity (volume) of such potential exchange. It shall be explicitly cautioned, that such exchange, if any, might be subject to poorly-understood regulatory oversight, and abiocoin.com does not give any warranties in regard to any exchange services providers. Users might be exposed to fraud and failure
(i) Risk of uninsured losses
Unlike bank accounts or accounts at some other financial institutions, funds held using ABIO or Ethereum network are entirely uninsured.
(j) Risk of malfunction in the Ethereum network or any other blockchain
It is possible that the Ethereum network or any other network, to which ABIOCOIN is interacting with, malfunctions in an unfavorable way, including but not limited to one that results in the loss of ABIOCOIN tokens.
(k) Unanticipated risks
Cryptocurrencies and blockchains are new and untested technology. In addition to the risks set forth here, there are risks that abiocoin.com cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. Risks may further materialize as unanticipated.
11.3 ABIOCOIN tokens are provided “as is”. We and our affiliates and licensors make no representations or warranties of any kind, whether express, implied, statutory or otherwise regarding the ABIOCOIN tokens, including any warranty that the ABIOCOIN tokens will be uninterrupted, error free or free of harmful components, secure or not otherwise lost or damaged. Except to the extent prohibited by law, we and our affiliates and licensors disclaim all warranties, including any implied warranties of merchantability, satisfactory quality, fitness for a particular purpose, non-infringement, or quiet enjoyment, and any warranties arising out of any course of dealing or usage of trade.
12.1 ABIOCOIN.COM and its affiliates and their respective officers, employees or agents will not be liable to you or anyone else for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, trading losses or damages that result from use or loss of use of this website and its products), even if ABIOCOIN.COM has been advised of the possibility of such damages or losses, including, without limitation, from the use or attempted use of this website and/or its products or another linked website.
12.2 Further, neither we nor any of our affiliates or licensors will be responsible for any compensation, reimbursement, or damages arising in connection with: (a) your inability to use the ABIOCOIN tokens, including without limitation as a result of any termination or suspension of the Waves network or this agreement, including as a result of power outages, maintenance, defects, system failures or other interruptions; (b) the cost of procurement of substitute goods or services; (c) any investments, expenditures, or commitments by you in connection with this agreement or your use of or access to the ABIOCOIN tokens; or (d) any unauthorized access to, alteration of, or the deletion, destruction, damage, loss or failure to store any data, including records, private key or other credentials, associated with any ABIOCOIN token.
12.3 You will defend, indemnify, and hold harmless us, our affiliates and licensors, and each of their respective employees, officers, directors, and representatives from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorney fees) arising out of or relating to any third-party claim concerning this Agreement or your use of ABIOCOIN tokens contrary to these terms. If we or our affiliates are obligated to respond to a third-party subpoena or other compulsory legal order or process described above, you will also reimburse us for reasonable attorney fees, as well as our employees’ and contractors’ time and materials spent responding to the third-party subpoena or other compulsory legal order or process at reasonable hourly rates.
12.4 The information, software, products, and services included in or available through the website may include inaccuracies or typographical errors. Changes are periodically added to the information herein. ABIOCOIN.COM and/or its suppliers may make improvements and/or changes in the website at any time. ABIOCOIN.COM makes no representations about the suitability, reliability, availability, timeliness, and accuracy of the ABIOCOIN tokens, the website, information, software, products, services and related graphics contained on the website for any purpose. To the maximum extent permitted by applicable law, ABIOCOIN tokens, the website, all such information, software, products, services and related graphics are provided "as is" without warranty or condition of any kind. ABIOCOIN.COM hereby disclaims all warranties and conditions with regard to the ABIOCOIN tokens, the website, information, software, products, services and related graphics, including all implied warranties or conditions of merchantability, fitness for a particular purpose, title and non-infringement.
13.1 The whitepaper of ABIOCOIN tokens shall be considered part of this General Terms and Conditions and by accepting these General Terms and Conditions users are deemed to have read the ABIOCOIN whitepaper and are aware of all risks and rules provided thereto.
13.2 We do not permit individuals under the age of 18 to register with our website and use our products. If we become aware that a child under the age of 18 has provided us with personal information, we will delete such information from our files immediately and block its access to our website and products.
13.3 We and our affiliates will not be liable for any delay or failure to perform any obligation under this Agreement where the delay or failure results from any cause beyond our reasonable control, labor disputes or other industrial disturbances, electrical, telecommunications, hardware, software or other utility failures, earthquake, storms or other elements of nature, blockages, embargoes, riots, acts or orders of government, acts of terrorism, or war, changes in blockchain technology (broadly construed), changes in the Ethereum or any other blockchain protocols or any other force outside of our control.
13.4 We and you are independent contractors, and neither party, nor any of their respective affiliates, is an agent of the other for any purpose or has the authority to bind the other. Both parties reserve the right (a) to develop or have developed for it products, services, concepts, systems, or techniques that are similar to or compete with the products, services, concepts, systems, or techniques developed or contemplated by the other party and (b) to assist third party developers or systems integrators who may offer products or services which compete with the other party’s’ products or services.
13.5 This Agreement does not create any third-party beneficiary rights in any individual or entity.
13.6 You will not assign this Agreement, or delegate or sublicense any of your rights under this Agreement, without our prior written consent. Any assignment or transfer contrary to these terms will be void. Subject to the foregoing, this Agreement will be binding upon, and inure to the benefit of the parties and their respective successors and assigns.
13.7 The failure by us to enforce any provision of this Agreement will not constitute a present or future waiver of such provision nor limit our right to enforce such provision at a later time. All waivers by us must be unequivocal and in writing to be effective.
13.8 Except as otherwise set forth herein, if any portion of this Agreement is held to be invalid or unenforceable, the remaining portions of this Agreement will remain in full force and effect. Any invalid or unenforceable portions will be interpreted to affect the intent of the original portion. If such construction is not possible, the invalid or unenforceable portion will be severed from this Agreement, but the rest of the Agreement will remain in full force and effect.
13.9 All disputes or claims arising out of or in connection with this contract including disputes relating to its validity, breach, termination or nullity shall be finally settled under the Rules of Arbitration of the Russian Federation in Moscow.
13.10 This Agreement is the entire agreement between you and us regarding the subject matter of this Agreement. This Agreement supersedes all prior or contemporaneous representations, understandings, agreements, or communications between you and us, whether written or verbal, regarding the subject matter of this Agreement. We will not be bound by, and specifically object to, any term, condition or other provision which is different from or in addition to the provisions of this Agreement (whether or not it would materially alter this Agreement) and which is submitted by you in any order, receipt, acceptance, confirmation, correspondence or other document.