PLEASE READ THE ENTIRETY OF THIS “NOTICE AND DISCLAIMER” SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER DOS FOUNDATION LTD. (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS (THE DOS NETWORK TEAM) WHO HAVE WORKED ON THE DOS NETWORK (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE DOS NETWORK IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF DOS TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT HTTP://WWW.DOS.NETWORK/ (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE FOUNDATION.
All contributions will be applied towards the advancing, promoting the research, design and development of, and advocacy for blockchain‐based solutions which promote the widespread adoption of smart contracts and large‐scale commercial DApps. The Foundation, the Distributor and their various affiliates would develop, manage and operate the DOS Network.
The Whitepaper and the Website are intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Whitepaper or the Website includes information that has been obtained from third party sources, the Foundation, the Distributor, and/or the DOS Network team have not independently verified the accuracy or completion of such information. Further, you acknowledge that circumstances may change and that the Whitepaper or the Website may become outdated as a result; and neither the Foundation nor the Distributor is under any obligation to update or correct this document in connection therewith.
Nothing in the Whitepaper or the Website constitutes any offer by the Foundation, the Distributor or the DOS Network team to sell any DOS Token (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of the DOS Network. The agreement between the Distributor and you, in relation to any sale and purchase of DOS Token is to be governed by only the separate terms and conditions of such agreement.
By accessing the Whitepaper or the Website (or any part thereof), you represent and warrant to the Foundation, the Distributor, its affiliates, and the DOS Network team as follows:
The Foundation, the Distributor and the DOS Network team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness or reliability of the contents of the Whitepaper or the Website, or any other materials published by the Foundation or the Distributor). To the maximum extent permitted by law, the Foundation, the Distributor, their affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective purchasers of DOS Token should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the DOS Token sale, the Foundation, the Distributor and the DOS Network team.
The information set out in the Whitepaper and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of DOS Token, and no virtual currency or other form of payment is to be accepted on the basis of the Whitepaper or the Website. The agreement for sale and purchase of DOS Token and/or continued holding of DOS Token shall be governed by a separate set of Terms and Conditions or Token Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of DOS Token (the Terms and Conditions), which shall be separately provided to you or made available on the Website.
In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.
No regulatory authority has examined or approved of any of the information set out in the Whitepaper or the Website. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
The information set out herein is only conceptual, and describes the future development goals for the DOS Network to be developed. The Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein.
All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation, the Distributor and/or the DOS Network team may constitute forward‐looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward‐looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward‐looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward‐looking statements are applicable only as of the date indicted in the Whitepaper, and the Foundation, the Distributor as well as the DOS Network team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward‐looking statements to reflect events after such date.
The use of any company and/or platform names or trademarks herein (save for those which relate to the Foundation, the Distributor or its affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only.
The Whitepaper and the Website may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website.
No part of the Whitepaper or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation or the Distributor.
We recognise our responsibilities in relation to the collection, holding, processing, use and/or transfer of personal data. Your privacy is of utmost importance to us.
This policy (the Policy) outlines how we collect, use, store and disclose your personal data. Please take a moment to read about how we collect, use and/or disclose your personal data so that you know and understand the purposes for which we may collect, use and/or disclose your personal data. By accessing the website at http://www.dos.network/ (the Website), you agree and consent to DOS Labs Ltd (the Company), its related corporations, business units and affiliates, as well as their respective representatives and/or agents (collectively referred to herein as “DOS”, “us”, “we” or “our”), collecting, using, disclosing and sharing amongst themselves the personal data, and to disclosing such personal data to relevant third party providers. This Policy supplements but does not supersede nor replace any other consent which you may have previously provided to us nor does it affect any rights that we may have at law in connection with the collection, use and/or disclosure of your personal data. We may from time to time update this Policy to ensure that this Policy is consistent with our future developments, industry trends and/or any changes in legal or regulatory requirements. Subject to your rights at law, the prevailing terms of this Policy shall apply. For the avoidance of doubt, this Policy forms part of the terms and conditions governing your relationship with us and should be read in conjunction with such terms and conditions.
The security of your personal data is important to us. At each stage of data collection, use and disclosure, DOS has in place physical, electronic, administrative and procedural safeguards to protect the personal data stored with us. However, do note that no transmission of personal data over the internet can be guaranteed to be 100% secure – accordingly and despite our efforts, DOS cannot guarantee or warrant the security of any information you transmit to us, or to or from our online services. DOS shall not have any responsibility or liability for the security of information transmitted via the internet.
The security of your personal data is important to us. At each stage of data collection, use and disclosure, DOS has in place physical, electronic, administrative and procedural safeguards to protect the personal data stored with us. However, do note that no transmission of personal data over the internet can be guaranteed to be 100% secure – accordingly and despite our efforts, DOS cannot guarantee or warrant the security of any information you transmit to us, or to or from our online services. DOS shall not have any responsibility or liability for the security of information transmitted via the internet.
This Policy describes how DOS may collect, use, disclose, process and manage your personal data, and applies to any individual’s personal data which is in our possession or under our control.
"Personal data" means data, whether true or not, about an individual who can be identified (i) from that data, or (ii) from that data and other information to which the organisation has or is likely to have access. Some examples of personal data that DOS may collect are:
Personal data may be collected when you interact with our services or use the Website, or may be received by DOS from third‐party databases or service providers that provide business information.
DOS may collect, use and/or disclose your personal data for its business purposes, including operations for these purposes. These may include, without limitation, the following:
We may also use personal data for purposes set out in the terms and conditions that govern our relationship with you or our customer.
We may use your personal data to offer you products or services, including special offers, promotions, contests or entitlements that may be of interest to you or for which you may be eligible. Such marketing messages may be sent to you in various modes including but not limited to electronic mail, direct mailers, short message service, telephone calls, facsimile and other mobile messaging services. In doing so, we will comply with all applicable data protection and privacy laws.
In respect of sending telemarketing messages to your telephone number via short message service, telephone calls, facsimile and other mobile messaging services, please be assured that we shall only do so if we have your clear and unambiguous consent in writing or other recorded form to do so or if you have not otherwise made the appropriate registration of that number with the Do Not Call Registry. If we have an ongoing relationship with you and you have not indicated to us that you do not wish to receive telemarketing messages sent to your telephone number, we may send you telemarketing messages to that number related to the subject of our ongoing relationship via short message service, facsimile and other mobile messaging services (other than a voice or video call).
You may at any time request that we stop contacting you for marketing purposes via selected or all modes.
To find out more on how you can change the way we use your personal data for marketing purposes, please contact us.
Nothing in this section shall vary or supersede the terms and conditions that govern our relationship with you.
We may from time to time and in compliance with all applicable laws on data privacy, disclose your personal data to any personnel of DOS or to third parties (including without limitation banks, financial institutions, credit card companies, credit bureaus and their respective service providers, companies providing services relating to insurance and/or reinsurance to us, and associations of insurance companies, agents, contractors or third party service providers who provide services to us such as telecommunications, information technology, payment, data processing, storage and archival, and our professional advisers such as our auditors and lawyers, and regulators and authorities), whether located in Singapore or elsewhere, in order to carry out the purposes set out above. Please be assured that when we disclose your personal data to such parties, we require them to ensure that any personal data disclosed to them are kept confidential and secure.
For more information about the third parties with whom we share your personal data, you may, where appropriate, wish to refer to the agreement(s) and/or terms and conditions that govern our relationship with you or our customer. You may also contact us for more information (please see section 1.9 below).
We wish to emphasise that DOS does not sell personal data to any third parties and we shall remain fully compliant of any duty or obligation of confidentiality imposed on us under the applicable agreement(s) and/or terms and conditions that govern our relationship with you or our customer or any applicable law.
You are responsible for ensuring that the personal data you provide to us is accurate, complete, and not misleading and that such personal data is kept up to date. You acknowledge that failure on your part to do so may result in our inability to provide you with the products and services you have requested. To update your personal data, please contact us (please see section 1.9 below for contact details). Where you provide us personal data concerning individuals other than yourself, you are responsible for obtaining all legally required consents from the concerned individuals and you shall retain proof of such consent(s), such proof to be provided to us upon our request.
We may transfer, store, process and/or deal with your personal data outside Singapore. In doing so, we will comply with all applicable data protection and privacy laws.
The Website uses cookies. A cookie is a small text file placed on your computer or mobile device when you visit a Website or use an app. Cookies collect information about users and their visit to the Website or use of the app, such as their Internet protocol (IP) address, how they arrived at the Website (for example, through a search engine or a link from another Website), how they navigate within the Website or app, browser information, computer or device type, operating system, internet service provider, website usage, referring/exit pages, platform type, date/time stamp, number of clicks, and ads viewed. We use cookies and other technologies to facilitate your internet sessions and use of our apps, offer you products and/or services according to your preferred settings, track use of our websites and apps and to compile statistics about activities carried out on our websites.
You may set up your web browser to block cookies from monitoring your website visit. You may also remove cookies stored from your computer or mobile device. However, if you do block cookies you may not be able to use certain features and functions of our web sites.
Our websites may contain links to other websites which are not maintained by DOS. This Policy only applies to the websites of DOS. When visiting these third party websites, you should read their privacy policies which will apply to your use of such websites.
Your personal data is retained as long as the purpose for which it was collected remains and until it is no longer necessary for any legal or business purposes.
If you:
please submit a written request (with supporting documents, (if any) to our Compliance Officer at: [email protected]. Our Compliance Officer shall endeavour to respond to you within 30 days of your submission. Please note that if you withdraw your consent to any or all use or disclosure of your personal data, depending on the nature of your request, we may not be in a position to continue to provide our services or products to you or administer any contractual relationship in place. Such withdrawal may also result in the termination of any agreement you may have with us. Our legal rights and remedies are expressly reserved in such event.
We may charge you a fee for processing your request for access. Such a fee depends on the nature and complexity of your access request. Information on the processing fee will be made available to you.
To contact us on any aspect of this Policy or your personal data or to provide any feedback that you may have, please contact our Compliance Officer at [email protected].
This Policy and your use of the Website shall be governed and construed in accordance with the laws of Singapore. You agree to submit to the exclusive jurisdiction of the Singapore courts.
We reserve the right to amend this Policy from time to time to ensure that this Policy is consistent with any developments to the way DOS uses your personal data or any changes to the laws and regulations applicable to DOS. We will make available the updated Policy on the Website. You are encouraged to visit the Website from time to time to ensure that you are well informed of our latest policies in relation to personal data protection. All communications, transactions and dealings with us shall be subject to the latest version of this Policy in force at the time.
This section applies if you are an individual located in the European Union or European Economic Area. Subject to applicable law, you have the following additional rights in relation to your personal data:
If you believe that our processing of your personal information infringes data protection laws, you have a legal right to lodge a complaint with a supervisory authority responsible for data protection. You may do so in the EU member state of your residence, your place of work or the place of the alleged infringement. You may exercise any of your rights in relation to your personal data by contacting our Compliance Officer at: [email protected].
By using the Website and/or any services provided by DOS, you signify your acceptance of this Policy and terms of service. If you do not agree to this Policy or terms of service, please do not use the Website or any services provided by DOS. Your continued use of the Website following the posting of changes to this Policy will be deemed your acceptance of those changes.
PLEASE READ THESE TERMS OF TOKEN SALE AND USAGE CAREFULLY. IF YOU DO NOT AGREE TO THESE TERMS (AS DEFINED HEREIN), DO NOT PURCHASE (WHETHER THROUGH AN INTERMEDIARY OR OTHERWISE) OR CONTINUE TO HOLD OR USE DOS Token (AS DEFINED BELOW). THESE TERMS DO NOT CONSTITUTE A PROSPECTUS OR OFFERING DOCUMENT, AND ARE NOT AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY ANY INVESTMENT OR FINANCIAL INSTRUMENT IN ANY JURISDICTION.
BY MAKING A CONTRIBUTION TO THE SELLER (AS DEFINED BELOW) OR ANY INTERMEDIARY FOR THE PURCHASE OF DOS Token, OR BY CONTINUING TO HOLD OR USE DOS Token WHICH YOU MAY HAVE OBTAINED BY ANY OTHER MEANS, YOU WILL BE BOUND BY THESE TERMS AND ALL TERMS INCORPORATED HEREIN BY REFERENCE. BY ACCEPTING THESE TERMS, YOU WILL BE ENTERING INTO A BINDING AGREEMENT WITH THE SELLER, WHICH TERMS CONTAIN PROVISIONS WHICH AFFECT YOUR LEGAL RIGHTS. THE PURCHASE, HOLDING AND USAGE OF DIGITAL TOKENS IS SUBJECT TO A NUMBER OF RISKS (INCLUDING FINANCIAL RISK), SOME OF WHICH WE HAVE SET OUT IN THESE TERMS. IF YOU ARE IN ANY DOUBT AS TO THE SUITABILITY OR OTHERWISE OF PURCHASING, HOLDING OR USAGE OF THE DIGITAL TOKENS REFERRED TO IN THESE TERMS, YOU SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE.
NOTHING IN THESE TERMS CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH.
Your purchase, whether through an intermediary or otherwise, of DOS token (DOS Token) from DOS LABS LTD, a company incorporated or to be incorporated in the British Virgin Islands (the Seller, we, or us), as well as continued holding and/or usage of DOS Token is subject to these Terms and Conditions (the Terms). Each of you and the Seller is a “Party,” and together the “Parties.” Please read the below terms and conditions carefully before registering, accessing, browsing, downloading and/or using the website at http://www.dos.network/ (the Website). By accessing or using the Website, purchasing DOS Token (whether through an intermediary or otherwise), or continuing to hold or use DOS Token, you agree to be bound by these Terms (and all terms incorporated by reference).
Before agreeing to the Terms, you must read this document in full. If at any time you do not agree to these terms and conditions or do not wish to be bound by these terms and conditions, you may not access or use the Website, and shall not be entitled to purchase DOS Token (whether through an intermediary or otherwise) or continue to hold or use DOS Token. We shall be under no obligation to maintain a copy of these Terms on the Website after the sale of DOS Token, and you are advised to print or download and keep a copy of these Terms for your future reference (if required).
DOS Token is a cryptographic utility token. The purpose of DOS Token is to facilitate the participation in the "DOS" network (the DOS Network) which, when fully developed, is envisaged to be a scalable chain‐agnostic layer‐2 protocol that offers decentralised data feed oracle and decentralised verifiable computation oracle to mainstream blockchains. The DOS Network would connect on‐chain smart contracts to off‐chain internet data, and also supplies unlimited verifiable computation power to blockchains, enabling more commercial applications with real world use cases.The DOS Network is not, and will in no case be, an enterprise, corporation, partnership or other entity or body corporate established under the laws of any jurisdiction, but a computerized consensus protocol based on which a public transaction ledger is generated.
DOS Token is designed to be the only mechanism by which a user may obtain access to certain products and services on the DOS Network (when the same is completed and deployed). For each exchange of services or products on the DOS Network, the costs are to be quantified in DOS Token and paid to the DOS Network and/or the other party providing the service. The goal of introducing DOS Token is to provide a convenient and secure mode of payment and settlement between participants who interact within the DOS Network.
DOS Token is required as virtual crypto “fuel” for using certain designed functions on the DOS Network, providing the economic incentives which will be consumed to encourage participants to contribute and maintain the ecosystem on the DOS Network. Computational resources are provided by nodes for performing functions such as initiating transactions, delivering back response data, group signature and executing the on‐chain verification functions would need to be compensated for consumption of these resources (i.e. "mining" on the DOS Network) to maintain network integrity, and DOS Token will be used as the unit of exchange to quantify and pay the costs of the consumed computational resources. Users of the DOS Network and/or holders of DOS Token which did not actively participate in the DOS Network will not receive any DOS Token incentives. Conversely, DOS Token is also used as a deterrent for punishing service providers for various offences (e.g. arbitrary or malicious responses) by requiring them to first put up a stake of DOS Token before being entitled to participate in the ecosystem. Punishments include deducting the stake put up.
The precise scope of the DOS Network will be developed further and will be announced once finalised. The following features are planned for DOS Token: (a) DApp developers or calling contracts pay DOS Tokens as processing fees to off‐chain oracle instances for each fulfilled request on a pay‐per‐call basis for data requests or computation requests. Developers also pay for premium data feeds as demanded and they could set bounties using DOS Tokens on the marketplace contract to request for future premium data feeds, (b) the off‐chain DOS Network is consisted of third party user‐engaged node operators. There are two types of nodes: data carrier node and computation node. Node operators can maintain either or both types depending on their economic interests and capabilities. Each operator locks certain amount of DOS Tokens as a security deposit, for example 10000 DOS Token, they will receive DOS Tokens as processing fees for the oracle service they provide, and (c) premium data providers may monetise their valuable data feeds from blockchain traffic, through registering on the open marketplace with various payment schemes requiring consumption of DOS Tokens configured by service providers and integrating with a light‐client SDK released by the DOS Network team.
DOS Token is an integral and indispensable part of the DOS Network because in the absence of DOS Token, there would be no common unit of exchange for goods and services or economic incentive to motivate users to contribute, thus rendering the ecosystem on the DOS Network unsustainable. The ownership of DOS Token carries no rights, express or implied, in the Seller, its related entitles or its affiliates (each, a Group Entity) other than the right to use DOS Token as a means to enable usage of and interaction with the DOS Network, upon the successful development and deployment of the DOS Network. DOS Token is sold as a useable virtual good, and does not have any functionality or utility outside the ecosystem on the DOS Network – accordingly it is not necessarily merchantable and does not necessarily have any other use or value. The ecosystem on the DOS Network is structured as a "closed system" insofar as the usage of DOS Token is concerned. Further, DOS Token is not a consumer product and its holders accept explicitly and agree to it that they are not covered by the consumer protection regulation of any jurisdiction.
You understand and accept that DOS Token:
DOS Token does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any Group Entity or any other person make any representation or give any commitment as to its value).、
You acknowledge and agree that no Group Entity is under any obligation to issue replacement DOS Token in the event any DOS Token or private key is lost, stolen, malfunctioning, destroyed or otherwise inaccessible or unusable for any reason.
IN PARTICULAR, PLEASE NOTE THAT WE ARE IN THE PROCESS OF UNDERTAKING LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF DOS Token. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, THERE MAY BE CHANGES TO THE INTENDED FUNCTIONALITY OF DOS Token IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH WE ARE OR DOS Token IS SUBJECT. IN THE EVENT OF ANY CHANGES TO THE INTENDED FUNCTIONALITY OF DOS Token, THE DETAILS OF THE CHANGES SHALL BE PUBLISHED ON THE WEBSITE. IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK THE WEBSITE FOR ANY SUCH NOTICES.
Unless otherwise stated herein, your purchase of DOS Token (whether through an intermediary or otherwise), and continued holding and/or usage of DOS Token is governed solely by these Terms. New terms or policies may be published from time to time on the DOS Network at our sole discretion.
The sale of DOS Token does not constitute the provision of any goods and/or services as at the date that these Terms form a binding agreement between the Parties. You acknowledge that upon completion of the sale, title to, and risk of loss of, DOS Token passes from us to you in the British Virgin Islands.
The Seller shall procure the development of the DOS Network in accordance with the roadmap as described in the Whitepaper, and shall maintain or otherwise ensure that the DOS Network remains operational for a period of at least 5 years from the date hereof.
Any potential future usage of DOS Token in connection with providing or receiving services or the usage of the DOS Network (when the same is completed and deployed) will be governed primarily by other applicable terms and policies (collectively, the Service Terms and Policies), which will be made available on the DOS Network and/or Website, if the services and the DOS Network is successfully completed and deployed. We may update these Terms or the Service Terms and Policies in our sole and absolute discretion. It shall be your responsibility to regularly check the DOS Network / Website for any such notices.
To the extent of any conflict with these Terms, the updated Terms and the Service Terms and Policies which may be published from time to time on the DOS Network shall prevail with respect to any issues relating to the usage of DOS Token in connection with the DOS Network.
We reserve the right to require you to provide us with your personal details (including without limitation correct name, address and details of the digital wallet from which you have sent the payment), and it is your responsibility to provide correct details. Failure to provide this information will prevent us from transferring DOS Token to your digital wallet.
Your purchase of DOS Token (whether through an intermediary or otherwise) from the Seller is final; there are no refunds or cancellations except as may be required by applicable law or regulation and you waive any rights to be refunded any amounts which you have paid to the Seller in exchange for DOS Token or to cancel any purchase.
Notwithstanding the foregoing, the Seller reserves the right to refuse or cancel any request(s) to purchase or purchases of DOS Token (as the case may be), at any time in its sole discretion without giving reasons, including without limitation the following:
In such event, the price paid by you shall be rejected or refunded (as applicable) in accordance with the Seller's internal policies and procedures, less fees and expenses incurred in connection with the marketing and/or development of the DOS Network and the ecosystem thereon, or, if required by applicable law, confiscated. The Seller reserves the right to require you to provide the Seller with your personal details (including without limitation correct name, address and details of the digital wallet from which you have sent the payment), and it is your responsibility to provide correct details. Failure to provide this information will prevent the Seller from allocating the token to your digital wallet.
Any refund of the price under this Clause 3 shall be less network fees, calculated at the USD exchange rate of the relevant token which had been paid to the Seller, at the time of payment or refund, whichever would result in a lower fiat / USD value of the refund (as the same may be conclusively determined by the Seller). No interest will accrue on the value of any refund and the Seller shall be entitled to charge a processing fee not exceeding 15% of the refund amount.
At any time during the sale of DOS Token, the Seller may either temporarily suspend or permanently abort the token sale (whether relating to the private sale or public sale phase, or both) at its sole discretion without providing any reasons whatsoever. During any period of suspension or in the event that the token sale is aborted (whether relating to the private sale or public sale phase, or both), DOS Token will not be available for purchase.
You acknowledge and agree that there are numerous risks associated with purchasing DOS Token, holding DOS Token, and using DOS Token for participation in the DOS Network. If you have any queries or require any clarification regarding these risks, please contact us at [email protected].
YOU CLEARLY UNDERSTAND THAT BLOCKCHAIN AND VIRTUAL CURRENCIES / TOKENS, INCLUDING WITHOUT LIMITATION ETHEREUM, BITCOIN, NEO AND QTUM, ARE NEW AND UNVERIFIED TECHNOLOGIES THAT ARE BEYOND CONTROL OF ANY GROUP ENTITY. IN PARTICULAR, AND IN ADDITION TO TERMS OF THIS DOCUMENT, YOU BEAR FULL RESPONSIBILITY FOR ANY RISKS DESIGNATED IN THE PROPOSED DOCUMENTATION. BY PURCHASING (WHETHER THROUGH AN INTERMEDIARY OR OTHERWISE), HOLDING AND/OR USING DOS Token, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME THE FOLLOWING RISKS:
The regulatory status of DOS Token and distributed ledger technology is unclear or unsettled in many jurisdictions, but numerous regulatory authorities across jurisdictions have been outspoken about considering the implementation of regulatory regimes which govern virtual currencies or virtual currency markets. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including DOS Token and/or the DOS Network. Regulatory actions could negatively impact DOS Token and/or the DOS Network in various ways. The Seller or any Group Entity may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
Given that DOS Token and the DOS Network are based on blockchain protocol and architecture, any malfunction, breakdown or abandonment of the relevant blockchain protocol or architecture may have a material adverse effect on DOS Token and/or the DOS Network. Moreover, advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to DOS Token and/or the DOS Network by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol. The future of cryptography and security innovations are highly unpredictable.
You are responsible for implementing reasonable measures for securing the digital wallet, vault or other storage mechanism you use to receive and hold DOS Token which you have purchased, including any requisite passwords, tokens, private key(s) or other credentials necessary to access such storage mechanism(s). If your passwords, tokens, private key(s) or other access credentials are lost, you may lose access to your DOS Token. We cannot be responsible for, and are technologically unable to recover, any such losses.
The DOS Network is at the stage of development as of the date of these Terms and its algorithm, code, consensus mechanism and/or various other technical specifications and parameters could be updated and changed frequently and constantly. While the marketing materials and Whitepaper released relating to the development of the DOS Network has been prepared with the then up‐to‐date key information of the DOS Network, it is not absolutely complete and is subject to adjustments and updates from time to time for optimal development and growth of the DOS Network and/or ecosystem on the DOS Network. We are unable, nor obliged, to keep you closely posted on every detail of the development of the DOS Network (including its progress and expected milestones no matter whether rescheduled or not) and therefore will not necessarily provide you with timely and full access to all the information relating to the DOS Network that may emerge from time to time. Due to the nature of the project to develop the DOS Network, you accept that such insufficiency of information disclosure is inevitable and reasonable.
Hackers or other malicious groups or organisations may attempt to interfere with DOS Token and/or the DOS Network in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus‐based attacks, Sybil attacks, smurfing and spoofing. Furthermore, there is a risk that a third party or a member of any Group Entity may intentionally or unintentionally introduce weaknesses into the core infrastructure of DOS Token and/or the DOS Network, which could negatively affect DOS Token and/or the DOS Network.
There is no prior market for DOS Token and the DOS Token sale may not result in an active or liquid market for DOS Token. DOS Token is intended to be used solely within the network for the DOS Network, hence there may be illiquidity risk with respect to any DOS Token you hold.
DOS Token is not a currency issued by any central bank or national, supra‐national or quasi‐ national organisation, nor is it backed by any hard assets or other credit nor is it a "commodity" in the usual and traditional sense of that word. We are not responsible for, nor do we pursue, the circulation and trading of DOS Token on any market. Trading of DOS Token will merely depend on the consensus on its value between the relevant market participants. No one is obliged to purchase any DOS Token from any holder of DOS Token, including the purchasers, nor does anyone guarantee the liquidity or market price of DOS Token to any extent at any time. Furthermore, DOS Token may not be resold to a purchaser who is a citizen, national, resident (tax or otherwise), domiciliary or green card holder of a Restricted Country or to purchasers where the purchase of DOS Token may be in violation of applicable laws. Accordingly, we cannot ensure that there will be any demand or market for DOS Token, or that the price you pay for DOS Token is indicative of any market valuation or market price for DOS Token.
Any secondary market or exchange for trading DOS Token would be run and operated wholly independently of the Group Entities, the sale of DOS Token and the DOS Network. No Group Entity will create such secondary markets nor will it act as an exchange for DOS Token. Even if secondary trading of DOS Token is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third parties do ascribe an external exchange value to DOS Token (e.g., as denominated in a virtual or fiat currency), such value may be extremely volatile, decline below the price which you have paid for DOS Token, and/or diminish to zero.
DOS Token is uninsured unless you specifically obtain private insurance to insure them. In the event of loss or loss of utility value, there is no public insurer or private insurance arranged by us, to offer recourse to you.
The tax characterisation of DOS Token is uncertain. You must seek your own tax advice in connection with the purchase, holding and/or usage of DOS Token, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying DOS Token and/or the DOS Network and attempt to re‐create similar facilities. The DOS Network may be required to compete with these alternative networks, which could negatively impact DOS Token and/or the DOS Network.
It is possible that the DOS Network will not be used by a large number of individuals, companies and other entities or that there will be limited public interest in the creation and development of distributed ecosystems (such as the DOS Network). Such a lack of use or interest could negatively impact the development of the DOS Network and therefore the potential utility of DOS Token.
Start‐up companies such as the Seller involve a high degree of risk. Financial and operating risks confronting start‐up companies are significant, and the Seller is not immune to these. Start‐up companies often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved.
It is possible that, due to any number of reasons, including, but not limited to, an unfavourable fluctuation in the value of virtual and/or fiat currencies, decrease in the utility of DOS Token due to negative adoption of the DOS Network, the failure of commercial relationships, or intellectual property ownership challenges, the DOS Network may no longer be viable to operate and the Seller or any Group Entity may be dissolved.
Because DOS Token confers no governance rights of any kind with respect to the DOS Network or any Group Entity, all decisions involving the DOS Network or any Group Entity will be made by the relevant Group Entity at its sole and absolute discretion, including, but not limited to, decisions to discontinue the services and/or ecosystem on the DOS Network, to create and sell more DOS Token for use in the ecosystem on the DOS Network, or to sell or liquidate any Group Entity. These decisions could adversely affect the DOS Network and DOS Token you hold.
The development of the DOS Network depends on the continued co‐operation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect the DOS Network or its future development. Further, stability and cohesion within the team is critical to the overall development of the DOS Network. There is the possibility that conflict within the team and/or departure of core personnel may occur, resulting in negative influence on the project in the future.
There is the risk that the development of the DOS Network will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or DOS Token, unforeseen technical difficulties, and shortage of development funds for activities.
As the DOS Network may provide a decentralised cloud storage service to individual and institutional clients, including users and applications, the DOS Network (and services thereon) are susceptible to a number of risks related to the storage of data in the cloud. The DOS Network (and services thereon) may involve the storage of large amounts of sensitive and/or proprietary information, which may be compromised in the event of a cyberattack or other malicious activity. Similarly, the DOS Network and/or services thereon may be interrupted and files may become temporarily unavailable in the event of such an attack or malicious activity. Because users can use a variety of hardware and software that may interface with the DOS Network, there is the risk that the DOS Network and/or services thereon may become unavailable or interrupted based on a failure of interoperability or an inability to integrate these third‐party systems and devices that the Group Entities do not control. The risk that the DOS Network and/or services thereon may face increasing interruptions and the ecosystem on the DOS Network may face additional security vulnerabilities could adversely affect the DOS Network and ecosystem thereon, and therefore the future utility of any DOS Token that you hold.
The DOS Network is a community project and certain elements are open‐sourced. The Seller (nor any Group Entity) does not and cannot monopolise the development, marketing, operation or otherwise of the DOS Network. Any entity may independently develop a patch or upgrade of the source code of the DOS Network or blockchain without prior authorisation of any other party. The acceptance of these patches or upgrades by a sufficient (not necessarily overwhelming) percentage of DOS Token holders could result in a “fork” in the blockchain, and consequently two diverging networks will emerge and remain. Each branch of the blockchain arising from the fork will have its own native cryptographic tokens – accordingly there will be two different versions of DOS Token respectively residing in the two divergent branches with almost identical technical features and functions. The community on the DOS Network may split into two groups in support of the two branches respectively.
Further, it is theoretically possible for each branch of the forked blockchain to be further forked an unlimited number of times. The temporary or permanent existence of forked blockchains could adversely affect the operation of the DOS Network and blockchain and the DOS Token which you hold, and may ruin the sustainability of the DOS Network.
In addition to the aforementioned risks, there are other risks associated with your purchase, holding and usage of DOS Token, including those that the Seller cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks.
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You hereby acknowledge and accept that:
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The price that you pay for DOS Token is exclusive of all applicable taxes (including without limitation obligations to pay value added, sales, use, offerings, withholding taxes, income or similar taxes) (Taxes). The onus for determining the Taxes applicable to your purchase, holding and/or usage of DOS Token lies solely with you. It is also your sole responsibility to comply with all relevant tax reporting requirements arising out of or in connection with your purchase, holding and/or usage of DOS Token. We are not responsible for withholding, collecting, reporting, or remitting any Taxes arising from your purchase, holding and/or usage of DOS Token. We cannot and do not provide any tax advice and we recommend that you seek appropriate professional advice in this area if required.
By purchasing (whether through an intermediary or otherwise), holding and/or using DOS Token, you represent and warrant that:
You hereby acknowledge that the Seller has entered into these Terms in reliance upon your representations and warranties being true, accurate, complete and non‐misleading. The Seller does not and does not purport to make, and hereby disclaims, all representations, warranties or undertaking to you in in relation to the sale of DOS Token or otherwise. Prospective purchasers of DOS Token should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the DOS Token sale, the Seller, and any relevant Group Entity.
The Seller (or the relevant Group Entity, as the case may be) retains all right, title and interest in all of that entity's intellectual property, including, without limitation, ideas, concepts, discoveries, processes, code, compositions, formulae, methods, techniques, information, data, patents, models, rights to inventions, copyright and neighbouring and related rights, moral rights, trademarks and service marks, business names and domain names, rights in get‐up and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know‐how and trade secrets), and all other intellectual property rights, in each case whether patentable, copyrightable or protectable in trademark, registered or unregistered, and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world. You may not use any of the Seller’s (or the relevant Group Entity's) intellectual property for any reason whatsoever.
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Seller, each Group Entity, and their respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, related companies, affiliates, agents, representatives, predecessors, successors and assigns (the Indemnified Parties) from and against all claims, demands, actions, damages, losses, costs and expenses (including legal fees on an indemnity basis) arising from or relating to:
To the fullest extent permitted by applicable law, you release the Seller and the other Indemnified Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between users and the acts or omissions of third parties. You expressly waive any rights you may have under any statute or common law principles that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favour at the time of agreeing to this release.
These Terms will be governed by and construed and enforced in accordance with the laws of Singapore, without regard to conflict of law rules or principles (whether of Singapore or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. Any dispute arising out of or in connection with these Terms (including without limitation the enforceability of this arbitration Clause, any question regarding existence, validity or termination) shall be referred to and finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (SIAC Rules) for the time being in force, which rules are deemed to be incorporated by reference in this arbitration Clause. The seat of the arbitration shall be Singapore. The Tribunal shall consist of 1 arbitrator. The language of the arbitration shall be English.
If, at any time, any provision of these Terms is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of such provision under the law of any other jurisdiction will in any way be affected or impaired.
The agreement set out in these Terms will terminate upon the completion of all sales of DOS Token. The Seller reserves the right to terminate the agreement set out in these Terms, in its sole discretion, in the event of a breach by you of these Terms. Upon termination of these Terms:
These Terms, including the documents and material incorporated by reference, constitute the entire agreement between you and the Seller and supersedes all prior or contemporaneous agreements and understandings (including without limitation the Whitepaper or any other marketing material), both written and oral, between you and the Seller with respect to the subject matters. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will as soon as practicable post the amended Terms at the Website. The amended Terms will be effective immediately. It is your responsibility to regularly check the Website for any such amendments.
You shall under no circumstances be entitled to assign or novate your rights and obligations under these Terms (including without limitation the right to claim any DOS Token purchased). We may assign or novate our rights and obligations under these Terms without your consent, and you agree to, at your own expense, take whatever action or execute any document which the Seller may require for the purpose of effecting any such assignment or novation by the Seller.
No failure to exercise, nor any delay in exercising, on our part, any right or remedy under these Terms Documents shall operate as a waiver, of any such right or remedy or constitute an election to affirm these Terms. No election to affirm these Terms on our part shall be effective unless it is in writing. No single or partial exercise of any right or remedy prevents any further or other exercise or the exercise of any other right or remedy. The rights and remedies provided in these Terms are cumulative and not exclusive of any rights or remedies provided by law.
DOS Token is not being structured or sold as securities or any other form of investment product. Accordingly, none of the information presented in these Terms is intended to form the basis for any investment decision, and no specific recommendations are intended. Save in the case of fraud or gross negligence, the Seller expressly disclaims any and all responsibility for any direct, indirect, special, incidental, consequential or exemplary loss or damage of any kind whatsoever arising directly or indirectly (including without limitation, those relating to loss of revenue, income or profits, loss of use or data, or damages for business interruption) in connection with:
In no event will the aggregate liability of the Seller and the Indemnified Parties (jointly), whether in contract, warranty, tort, or other theory, arising out of or relating to these terms or the usage of or inability to use DOS Token, exceed the amount you pay to us for DOS Token.
The Seller shall not be liable in any way or in any event in respect of any claim under these Terms if such claim was not made within the 6‐month period commencing from the date that you receive DOS Token (the Claim Period). Any claim which has been made before the expiration of the Claim Period shall, if it has not been previously satisfied in full, settled or withdrawn, be deemed to have been withdrawn and shall become fully barred and unenforceable on the expiry of the period of six (6) months commencing from the date on which such claim was made, unless proceedings in respect thereof shall have been commenced against the Seller and for this purpose proceedings shall not be deemed to have been commenced unless they shall have been issued and served upon the Seller.
For the avoidance of doubt, nothing in these Terms shall limit your obligation (at law or otherwise) to mitigate your loss in respect of any claim under these Terms, and you shall not be entitled to recover damages in respect of any claim (as the case may be) if, and to the extent that, you have already recovered damages in respect of the same fact or subject matter.
Purchasing (whether through an intermediary or otherwise), holding and/or using DOS Token does not create any form of partnership, joint venture or any other similar relationship between you and us.
Except as otherwise provided in herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third‐party beneficiary rights upon any other person or entity. A person who is not a party under these Terms has no right under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce or to enjoy the benefit of any term of these Terms. Notwithstanding the foregoing, any Group entity shall be entitled to enforce or to enjoy the benefit of any term of these Terms.
You acknowledge that, solely for convenience, these Terms may be translated into a language other than English, and that a copy of the English language version of these Terms has been provided to you (which have read and understand). In the event of conflict or ambiguity between the English language version and translated versions of these Terms, the English language version shall prevail.
If any provision or part‐provision of these Terms is or becomes invalid, illegal or unenforceable in any respect under any law of any jurisdiction, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part‐provision shall be deemed deleted. Any modification to or deletion of a provision or part‐provision pursuant to this Clause shall not affect or impair the validity and enforceability of the rest of these Terms, nor the validity and enforceability of such provision or part‐provision under the law of any other jurisdiction.
You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form.
These Terms have been entered into for and on behalf of the Seller. If you have any questions regarding these Terms, please contact us at [email protected].