Terms of Use


PLEASE READ THE DISCLAIMER CAREFULLY. IF NECESSARY, CONSULT WITH LAWYERS AND FINANCIAL EXPERTS IN ADVANCE. If you participate in the project using IP of China and other countries where sale or purchase of tokens is prohibited, your actions are considered illegal and are forbidden by the legislation of your country. Even though we put all efforts to make information in the document accurate and relevant, it doesn't represent professional consultation or irrevocable offer in any way. The individuals intending to participate in the project need to call for independent professional consultation before making the decision on participation based on the information given herein. Citizens and residents (tax residents or other individuals) of China and other countries where sale of tokens is officially prohibited, aren't allowed to purchase tokens. Citizens, residents (tax residents or other persons) and holders of "green cards" of the United States of America, Singapore and Canada aren't recommended to purchase tokens without prior consultation with an expert in investment risks.

1 General provisions

These standard Terms and Conditions written on this webpage shall manage your use of this website. These Terms will be applied fully and affect your use of this website. By using this website, you agree to accept all terms and conditions written herein. You must not use this website if you disagree with any of these standard Terms and Conditions. Minors or people below 18 years old are not allowed to use this website. You agree not to post, upload, display or share content that we believe there is risk of physical harm or direct threats to public security. Such content will be removed immediately and such member’s account suspended for all further activities. We prohibit the use of TradeNetCoin to facilitate or organize criminal activity that causes physical or financial harm to individuals and businesses.

2 ICO participation

2.1. Eligibility

Participants cannot purchase TNC tokens (or TNC) or otherwise participate in the ICO if there are applicable legal restrictions in their country of residence. It is the responsibility of each Participant to know the laws regarding participation in ICOs applicable to them. Participants in the ICO represent and warrant that they:
    a) are of the age of majority in their country of residence;
    b) are only purchasing TNC tokens with legally obtained funds belonging to them;
    c) are not engaging in any unlawful activity through their participation in the crowdsale;
    d) are obeying all applicable laws.

2.2. Risks

Purchases of TNC should be undertaken only by Participants experienced with cryptographic tokens and blockchain based software. By purchasing or receiving TNC in the ICO, the Participants confirm that they understand and assume the risks involved in such transaction. In particular, you confirm to fully understand and accept that:
    a) The ICO will not involve issuance of any currency, securities or other kind of investment certificate. The TNC to be sold during the ICO are merely cryptographic tokens existent on the Ethereum blockchain that can enable usage of and interactions with services enabled by TradeNetCoin according to the Whitepaper. Such tokens are not redeemable, associated with financial return or backed by any underlying asset or repurchase commitment and do not necessarily have market prices or transactions between peers.
    b) Your payment of Ethereum or Bitcoin for the purchasing of TNC will be non-refundable. Therefore, you expect and agree to give full considerations to all risk factors, including but not limited to the volatility of cryptocurrency prices and markets in general, risks of systemic failure, risks of code failure, bugs, hardware failure, loss of data, theft, lost usernames, passwords or private keys, incorrectly executed transactions and/or hacks which can lead to the complete loss of the TNC.
    c) The creation of the TNC and the payment platform development may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects (e.g. caused by competing projects). The Participants therefore understand that there is no assurance that, even if the payment platform is partially or fully developed and launched, the Participant will receive any benefits via the TNC held by him.

2.3. Purchasing and receiving TNC

You can send ETH or BTC from any wallet and it’s the contributors’ sole responsibility to make sure they have ownership or control over their private keys. You will be prompted to insert a new address that you control at the end of the ICO so we can transfer the TNC. Before and after making a payment, you must visit the website “http://tradenetcoin.io” regularly for information which may be posted on the Website. Anything relating to the TradeNetCoin platform and TNC could be updated, changed or fine-tuned at such time and in such manner as TradeNetCoin team may think appropriate.

3 Risk disclosure for lending platform

If there should be a system failure, hacking incident or technical failure these terms apply to the members. For lending, we pool the member's funds for our volatility software and trading-bot. This is in case we make a loss with trading or there is any technical failure of the platform or a sudden drop in asset value that we are holding. In lending, the member agrees that they cannot terminate their contract before the term plan has ended which the member has chosen. All lending activities are reported in US-Dollars consequently members will receive all capital and interest payments in US-Dollars and not in TNC which was initially lent by the member. Members should note that there is no guarantee of daily profit for lending. TradeNetCoin reserves the right to institute and implement new rules of paying interest and capital should TradeNetCoin lending fail in any way. TradeNetCoin reserve the right to change the lending algorithm, the interest payment and capital back system. There is no guarantee of investor's capital if the lending system fails due to any of the reasons mentioned above.

4 Warranties / Indemnities

The Participants expressly agree that they are purchasing and receiving TNC at their sole risk and that the Website and TNC are provided on an "as is" basis without warranties of any kind, either expressed or implied.

The Participants warrant and represent to:
    a) have read and understood these Terms before participating in an ICO;
    b) be solely responsible for the proper functioning of its electronic devices as well as the internet connection;
    c) have sufficient understanding of technical and business matters, cryptographic tokens, token storage mechanisms (such as token wallets) and blockchain technology to understand these Terms and to appreciate the risks and implications of purchasing tokens;
    d) understand and assume the risks involved in participating in the ICO as described in Section 2.2 above;
    e) understand that the TNC to be sold during the ICO are merely cryptographic tokens existent on the Ethereum blockchain that will enable usage of and interactions with services enabled by TradeNetCoin according to the Whitepaper;
    f) understand that such tokens are not redeemable, associated with financial return or backed by any underlying asset or repurchase commitment and do not necessarily have market prices or transactions between peers;
    g) purchase TNC solely for receiving services of TradeNetCoin if, and then, development has been completed;
    h) have researched the legal laws and regulations of token purchases in the applicable legal jurisdiction and be sure that these do not prohibit the purchase of TNC as described in these Terms and the Whitepaper. Participants therefore release and indemnify TradeNetCoin from all liability for any loss that may occur as a result of their participation in the ICO and in connection with these risks.

5 Miscellaneous

5.1. Confidentiality

The Participants undertake to respect confidentiality as regards to these Terms, and to abstain from disclosing its contents and all information provided to it by TradeNetCoin in connection with the participation of the Participants in the ICO.

5.2 Account and personal security

By joining TradeNetCoin Back office, Lending platform and website, you agree to use your e-mail address and username. You may not publish a third party's personal information for public access. It is not allowed to have multiple TradeNetCoin accounts. If we detect you have multiple accounts, you will be asked to remove them or be suspended. This is to prevent Sybil Attacks and abuse of the system in general. We work hard to ensure that the information you share is safe. We investigate any suspected breach of security, including fraud activity.