Token Terms and Conditions
PLEASE READ THESE TERMS OF ACQUIRING BARTEOS CAREFULLY.
BY ATTEMPTING TO SWAP AND/OR ACQUIRE BARTEOS TOKENS, YOU AGREE TO BE LEGALLY BOUND BY THESE TERMS & CONDITIONS AND ALL TERMS INCORPORATED HEREIN BY REFERENCE. BY ACCEPTING THESE TERMS & CONDITIONS, YOU WILL BE ENTERING INTO A BINDING AGREEMENT WITH BARTEOS (AS DEFINED BELOW).
THESE TERMS & CONDITIONS CONTAIN PROVISIONS WHICH AFFECT YOUR LEGAL RIGHTS.
NOTE THAT SECTION 15 CONTAINS A BINDING ARBITRATION SECTION. IF YOU DO NOT AGREE TO THESE TERMS & CONDITIONS, DO NOT EXCHANGE BARTEOS TOKENS WITH YOUR BITCOIN OR ETHEREUM OR ANY OTHER CRYPTOCURRENCY AND NAVIGATE AWAY FROM ANY BARTEOS WEBSITE. BARTEOS CAN ONLY BE SWAPPED FOR TOKENS ACCEPTED IN BARTEOS.EXCHANGE WEBSITE AND NO FIAT CURRENCY IS ALLOWED UNLESS A PROVISION TO ACCEPT FIAT HAS BECOME AVAILABLE.
These Terms & Conditions and any terms expressly incorporated herein (the “Agreement”) govern the acquisition (the “Acquisition”) by you (“Acquirer” or “you”) of the Barteos Tokens distributed on the Blockchain (the “Barteos Tokens” or “BTE”) and managed by BTE AUSTRALIA PTY LIMITED (“BTEA”), a non-profit enterprise operating the Barteos Foundation and the De-centralised Autonomous System, refered to as the “DAS” outside of Australia, (referrerd herein as “Barteos”, “Company”, “us”, “our” or “we” or “Manager”). BTEA is the global Licensor of the Barteos System and allocates each non-profit country-licensee their Barteos Token allocation (“Country Establishment Budget”) from the global ESTABLISHMENT RESERVE.
If you are a resident in Australia then you are bound in contract DIRECTLY with BE PAY AUSTRALIA LIMITED (“BE-PAY”), a non-profit community enterprise that operates independently of BTEA within Australia as the Australian Barteos Licensee. BE-PAY manages and governs all Barteos and related tokens in Australia. For Australian citizens, references herein as “Barteos”, “Company”, “us”, “our”, or “we” or “Manager” shall mean solely BE-PAY as a party with you, the Acquirer, collectively as the Parties bound together in this Agreement and any other Agreements in the Barteos System that you become a party to. BE-PAY is the first of many more Country Licensee’s that will manage and govern the Barteos Tokens and the Barteos System. Australian residents are also bound by the BE-PAY terms and conditions found at beshop.com.au website https://www.beshop.com.au/about/terms.
The Acquirer and Barteos are herein referred to individually as a “Party” and, collectively, as the “Parties” to this Agreement. There may be other entities within the Barteos group from time to time (“Barteos Entities”) that will market, promote, develop, manage and/or operate on the Barteos Platform (as defined further below) and references in these Terms & Conditions to Barteos, these Barteos Entities shall be to Barteos, the Barteos Entities and their respective successors and assigns.
De-centralised Autonomous System (“DAS”)
The Barteos network of associated computers and people promoting the Barteos Barter eco-trading-system are controlled by a De-centralised Autonomous System, a framework which the digital currency industry looks at the possibilities of self-functioning and autonomous De-centralised Ledger Technology (“DLT”), whereby no one Authourising entity controls the DAS, but everyone can own some of its Tokens.
To complete the autonomous technology, BTEA is building an ambitious, Artificial Intelligence system (code-named “SATOSHAI”) that is a hybrid artificial intelligence system integrated with human-assisted learning in all disciplines required to develop, operate, promote and administrate a global token system like Barteos. SATOSHAI will ultimately decide on the governance and future direction of the global Barteos Tokens and could possibly operate all legal entities and their Board of Directors. The SATOSHAI project timing is reliant to the amount of funding raised by BTEA prior to any exchange listing, if at all.
Like Bitcoin, Barteos itself is actually a DAS and demonstrates the beauty of Decentralised Ledger Technology and De-centralisation in its purest form. The Barteos Software platform is programmed in such a way that there is a budget for the workers upgrading and developing the platform and pays the Business Developers and Contributors, which include but is not limited to, Corporate Leaders, Administration, Country Leaders, City Leaders and Regional Business Developers, all written in code, operating autonomously.
The Barteos Foundation is a global association of technologists, entrepreneurs, business owners, marketers, and crypto-enthusiasts setup by BTEA. The Association is an informal community association of a group of Barteos Token owners with a shared interest and purpose, primarily advancing usage of Barteos and the DLT markets. The Barteos Foundation has activities relating to a Token System, including but not limited to: Interaction with Token Stakeholders, Research and Token Development, Developer Management and Recruitment, Token Partner Alliance Development, Jurisdictional Compliance and Governance of Token System, Security Systems, Token Marketing & Advertising, Strategic Alliances, Exchange Token Listing & Management and PR-Social Media Interaction at global or local levels. The association is a DLT community of Token users and members that are dedicated to the advancement of DLT for the General Public to use on a global scale.
Notice to Residents in the folowing countries:
FOR RESIDENTS OF THE PEOPLE’S REPUBLIC OF CHINA (WHICH, FOR THE PURPOSES OF THIS AGREEMENT, INCLUDES HONG KONG, MACAU AND TAIWAN) ONLY: IF YOU ARE CITIZEN OR RESIDENT OF, OR A PERSON LOCATED OR DOMICILED IN, THE PEOPLE’S REPUBLIC OF CHINA OR ANY ENTITY, INCLUDING, WITHOUT LIMITATION, ANY CORPORATION OR PARTNERSHIP CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE PEOPLE’S REPUBLIC OF CHINA (COLLECTIVELY, “PRC PERSONS”), DO NOT ACQUIRE OR ATTEMPT TO ACQUIRE BARTEOS TOKENS OR USE THE BARTEOS SMART CONTRACT OR THE BARTEOS SMART AQUISITION CONTRACT. PRC PERSONS ARE STRICTLY PROHIBITED AND RESTRICTED FROM USING BARTEOS SMART CONTRACTS. BARTEOS TOKENS MAY NOT BE MARKETED, OFFERED OR SOLD DIRECTLY OR INDIRECTLY TO PRC PERSONS, AND NEITHER THIS SITE NOR THIS AGREEMENT, NOR ANY MATERIAL OR INFORMATION CONTAINED HEREIN PERTAINING TO BARTEOS TOKENS, MAY BE SUPPLIED TO PRC PERSONS OR USED IN CONNECTION WITH ANY OFFER FOR THE ACQUISITION OF BARTEOS TOKENS TO PRC PERSONS.
FOR RESIDENTS OF SOUTH KOREA (“SOUTH KOREA PERSONS”): THIS AGREEMENT IS NOT, AND UNDER NO CIRCUMSTANCES IS TO BE CONSTRUED AS, AN OFFERING OF SECURITIES IN SOUTH KOREA. BARTEOS MAY NOT MAKE ANY REPRESENTATION WITH RESPECT TO THE ELIGIBILITY OF ANY RECIPIENTS OF THIS AGREEMENT TO ACQUIRE THE BARTEOS TOKENS UNDER THE LAWS OF SOUTH KOREA, INCLUDING, WITHOUT LIMITATION, THE SECURITIES AND EXCHANGE ACT AND THE FOREIGN EXCHANGE TRANSACTION ACT AND REGULATIONS THEREUNDER. THE BARTEOS TOKENS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES AND EXCHANGE ACT, SECURITIES INVESTMENT TRUST BUSINESS ACT OR THE SECURITIES INVESTMENT COMPANY ACT OF SOUTH KOREA, AND NONE OF THE BARTEOS TOKENS MAY BE OFFERED, SOLD OR DELIVERED, DIRECTLY OR INDIRECTLY, OR OFFERED OR SOLD TO ANY PERSON FOR RE-OFFERING OR RE-SALE, DIRECTLY OR INDIRECTLY, IN SOUTH KOREA OR TO ANY RESIDENT OF SOUTH KOREA.
FOR RESIDENTS OF NEW YORK: BARTEOS TOKENS ARE NOT BEING OFFERED OR DISTRIBUTED TO ANY RESIDENT OF, OR ANY PERSON LOCATED IN, THE STATE OF NEW YORK OR ANY ENTITY, INCLUDING, WITHOUT LIMITATION, ANY CORPORATION OR PARTNERSHIP CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE STATE OF NEW YORK (“NEW YORK PERSONS”). BARTEOS IS NOT SOLICITING PURCHASES BY NEW YORK PERSONS IN ANY WAY.
FOR RESIDENTS OF CUBA, IRAN, NORTH KOREA, SYRIA AND THE CRIMEA REGION: BARTEOS TOKENS ARE NOT BEING OFFERED OR DISTRIBUTED TO ANY RESIDENT OF OR ANY PERSON LOCATED OR DOMICILED IN CUBA, IRAN, NORTH KOREA, SYRIA, THE CRIMEA REGION OR ANY OTHER COUNTRY OR TERRITORY THAT IS SUBJECT OF COUNTRY-WIDE OR TERRITORY-WIDE SANCTIONS.
Barteos (“BTE”) is a universal cryptocurrency and is not a Securities – for over 18 year old’s. A reference to Barteos digital currency in this document will primarily refer to “BTE”.
Barteos (“BTE-COUNTRYCODE“) is a stable Barter Token and is not a cryptocurrency.
Barteos (“BE-COUNTRYCODE”) is a stable-coin model and may be considererd as a security in a particular Jurisdiction.
THE INFORMATION CONTAINED IN THIS SITE AND THIS AGREEMENT DO NOT CONSTITUTE A PROSPECTUS OR OFFERING DOCUMENT, OR AN OFFER TO SELL OR AN INVITATION, ADVERTISEMENT OR SOLICITATION OF AN OFFER TO BUY SECURITIES. BARTEOS TOKENS ARE NOT AN INVESTMENT. BARTEOS TOKENS ARE NOT INVESTMENT PRODUCTS BUT WILL BE REQUIRED TO USE THE CLOSED NETWORK OF BUSINESS MERCHANTS AND SHOPPERS WHEN IT IS COMPLETED. THERE SHOULD BE NO EXPECTATION OF FUTURE PROFIT OR GAIN FROM THE PURCHASE OF BARTEOS TOKENS.
THE SITE IS NOT INTENDED FOR USE BY ANYONE UNDER THE AGE OF 18. BARTEOS TOKENS MAY NOT BE ACQUIRED THROUGH THE SITE OR AT WWW.BARTEOS.EXCHANGE BY ANYONE UNDER THE AGE OF 18. BY USING THE BARTEOS WEBSITES AND/OR ACQUIRING BARTEOS TOKENS THROUGH THROUGH THEM, YOU REPRESENT AND WARRANT THAT YOU ARE 18 YEARS OF AGE OR OLDER.
1. SCOPE OF TERMS
1.1. Scope. Unless otherwise stated herein, this Agreement governs your Acquisition of Barteos Tokens from us directly through barteos.exchange or directly through country Licensee’s.
1.4. White Paper. Barteos has prepared a white paper, available on our Site, which describes the proposed uses of the Barteos Tokens (the “White Paper”). The White Paper is of a descriptive nature only, and is not binding and does not form part of these Terms and Conditions.
2. BARTEOS TOKEN ACQUISITION PROCEDURES AND SPECIFICATIONS
2.1. General. Barteos intends to distribute a limited number of Barteos Tokens (the “Barteos Token Sale”). Important information about the procedures and specifications of our Barteos Token Sale is provided in Exhibit A, including, but not limited to, details regarding the timing and pricing of the Barteos Token Sale, the amount of Barteos Tokens that will be offered and our anticipated use of the Barteos Token Sale proceeds. BY ACQUIRING BARTEOS TOKENS, YOU ACKNOWLEDGE THAT YOU UNDERSTAND AND HAVE NO OBJECTION TO THESE PROCEDURES AND SPECIFICATIONS.
2.2. Final Sale. Your Acquisition of Barteos Tokens from us during the pre exchange listing period (PRE-IEO) is final, and there are no refunds or cancellations except as may be required by applicable law or regulation. We reserve the right to refuse or cancel Barteos Token acquisition requests at any time in our sole discretion.
2.3. Not an Oﬀering of Securities. Acquirer acknowledges and agrees that the sale of Barteos Tokens and the Barteos Tokens themselves are not an investment, security, share or equity interest, debt or loan nor a derivative instrument of any of the foregoing. This Agreement and all other documents referred to in this Agreement, do not constitute a prospectus or oﬀering document and are not an oﬀer to sell nor the solicitation of an oﬀer to buy an investment, security, share, equity interest or debt nor a derivative interest of any of the foregoing.
2.4. Not an Investment. Acquirer should not participate in the Barteos Token offering or Acquisition of Barteos Tokens for investment purposes. The Acquisition of Barteos Tokens pursuant to this Agreement is not designed for investment purposes and should not be considered as a type of investment. Acquirer acknowledges, understands and agrees that Acquirer should not expect, and there is no guarantee or representation or warranty by Barteos, that (a) Barteos Tokens will be listed for trading on any exchange, or (b) the Barteos Platform will be adopted as described in the White Paper or any other Barteos published information and not in a diﬀerent or modified form.
2.5. Not for Speculation. Acquirer acknowledges and agrees that Acquirer is not acquiring Barteos Tokens for purposes of investment or speculation or for immediate resale or other financial purposes. Acquirer acknowledges and agrees that Acquirer has no expectation of economic benefit or profit from acquiring Barteos Tokens. Acquirer agrees that if Acquirer determines to transfer Barteos Tokens, Acquirer will not portray Barteos Tokens to prospective transferees as an investment opportunity to obtain an economic benefit or profit.
2.6 BTE is not a stable crypto-currency. Acquirer acknowledges and agrees that Barteos Tokens (BTE) are different from any BTE-FIAT or BE-FIAT country currency used as a stable digital payment currency and to be released in a country through the country Licensee like BE-PAY in Australia. The Acquirer acknowledges that BTE will be used as un-regulated through APP Wallet, known as the “GLOBAL WALLET” and Barteos reserves the right to disable the Global Wallet send feature once a regulated Country Wallet becomes operational in a specific country. The Acquirer understands that all Barteos account numbers are country specific and are tied to telephone numbers owned by the Acquirer for KYC/AML purposes and where applicable for the Jurisdictional governance of the Tokens through country-specific wallets.
3. NO OTHER RIGHTS CREATED
3.1. No Claim, Loan or Ownership Interest. The Acquisition of Barteos Tokens (a) does not provide Acquirer with rights of any type with respect to Barteos or its revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial or legal rights, (b) is not a loan to Barteos and (c) does not provide Acquirer with any ownership or other interest in Barteos.
3.2. Intellectual Property. BTEA as the Licensor, retains all right, title and interest in all of the Barteos intellectual property, enforced where applicable by Country Licensee’s, including, without limitation, inventions, ideas, discoveries, software, processes, marks, methods, information and data, whether or not protectable by patent, copyright or trademark. A purchaser may not use any of BTEA’s intellectual property for any reason without BTEA’s prior written consent.
4.1. Acknowledgement. You expressly acknowledge that you have carefully reviewed and understand and assume the risks associated with acquiring, holding and using Barteos Tokens as disclosed and explained in Exhibit B. BY PURCHASING BARTEOS TOKENS, YOU EXPRESSLY ACKNOWLEDGE AND ASSUME THESE RISKS, INCLUDING THAT BARTEOS TOKENS MAY HAVE NO CURRENT OR FUTURE VALUE.
5. THE SMART ASSET OR SMART CONTRACT SYSTEM
5.1. Barteos shall allow other “Smart Assets” or “Smart Coins” to utilise its blockchain technology at its sole discretion. Barteos shall exercise reasonable endeavors to have the Smart Asset approved by business qualified people to evaluate and determine in regard to both its complimentary use and/or its effect on the performance of the Blockchain, however, Barteos takes no responsibility as to the performance or reputational risk involved from allowing independent Smart Assets to operate.
5.2. Notwithstanding Section 5.1, Smart Asset or Smart Contract technology is still in an early stage of development and its application is currently of an experimental nature, which carries significant performance, operational, technological, financial, regulatory and reputational risks. Accordingly, while any internal audit conducted shall raise the level of security and accuracy of the Smart Asset or Smart Contract System, you acknowledge, understand and accept that the audit does not amount to any form of warranty, representation or assurance (in each case whether express or implied) that the Smart Asset or Smart Contract System and Barteos Tokens are fit for a particular purpose or that they are free from any defects, weaknesses, vulnerabilities, viruses or bugs, which could cause, inter alia, the complete loss of contributions and/or Barteos Tokens.
6.1. Your Obligations.
You are responsible for implementing reasonable measures for secure access to the device, wallet, vault or other storage mechanism you use to acquire, receive and hold Barteos Tokens you aquire from us, including any requisite private key(s), usernames, passwords or other login or credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Barteos Tokens. We are not responsible for any such losses. You understand and agree that all purchases of Barteos Tokens are non-refundable and you will not receive money or cryptocurrency or other compensation for any Barteos Tokens purchased.
6.2. KYC process and government compliance.
You accept that you will trade your Barteos ONLY after having successfully passed through the KYC process of Barteos in your country. This means that Barteos will not be distributed until you have passed through this screening successfully. If you fail to pass the KYC screening you are restricted to trade or transfer your Barteos and You agree that Barteos may use your submitted information in any way required by law or deemed necessary for juridictional compliance and that your cryptocurrency used to acquire Barteos will not be refunded to you. Failing to pass a KYC process, you will have the opportunity to transfer to any person that has a valid account opened after first submitting a transfer request and that a transfer request MUST be submitted within 6 weeks of failing to pass the KYC Identification process. A valid user account on Barteos is required to transfer your Tokens failing to pass the KYC Identification process, because your Barteos Tokens can only be delivered to a valid operational account.
7. PERSONAL INFORMATION
8.1. Tax Treatment.
Barteos Tokens are global in nature and the acquisition price that you pay for Barteos Tokens is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your Acquisition of Barteos Tokens for your particular jurisdiction, including, for example, sales, use, value added and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities in your jurisdiction. Barteos is not responsible for withholding, collecting, reporting or remitting any sales, use value added or similar tax arising from your Acquisition of Barteos Tokens.
8.2. Tax Acknowledgement.
You acknowledge, understand and agree that:
(a) the Acquisition and receipt of Barteos Tokens may have tax consequences for you;
(b) you are solely responsible for compliance with your tax obligations, and;
(c) Barteos bears no liability or responsibility with respect to any tax consequences to you associated with or arising from the creation, ownership, use or liquidation of Barteos Tokens or any other action or transaction related to the Barteos Platform or the Barteos Token Sale.
9. REPRESENTATIONS AND WARRANTIES
9.1. Representations by Acquirer. By acquiring Barteos Tokens, you represent and warrant that:
9.1.1. You have read and understand this Agreement (including all Exhibits) and the White Paper;
9.1.2. You have the necessary authority and consent to accept these Terms & Conditions, to enter into a binding agreement with Barteos and to perform the obligations set out herein;
9.1.3. The acceptance of these Terms & Conditions and the entry into a binding agreement with Barteos shall not result in any breach of, be in conflict with, or constitute a material default under: (i) any provision of the Acquirer’s constitutional or organisational documents (in the case of a corporate entity including, without limitation. any company or partnership); (ii) any provision of any judgement, decree or order imposed on the Acquirer by any court or governmental or regulatory authority; and/or (iii) any material agreement, obligation, duty or commitment to which the Acquirer is a party or by which the Acquirer is bound;
9.1.4. You have suﬃcient knowledge and experience in business and financial matters, including a suﬃcient understanding of blockchain or cryptographic tokens and other digital assets, smart assets, smart contracts, stable-coins, token storage mechanisms (such as digital or token wallets), blockchain-based software systems and blockchain technology, to be able to evaluate the risks and merits of your Acquisition of Barteos Tokens, including, but not limited to, the matters set forth in this Agreement and to appreciate the risks and implications of Acquiring Barteos Tokens, and you are able to bear the risks thereof, including loss of all amounts paid, loss of Barteos Tokens and liability to the Barteos Parties (as defined in Section 11.1) and others for your acts and omissions, including, without limitation, those constituting breach of this Agreement, negligence, fraud or wilful misconduct;
9.1.5. You have obtained suﬃcient information about Barteos Tokens to make an informed decision to Acquire Barteos Tokens with Bitcoin or Ethereum Tokens or any other Tokens accepted by Barteos;
9.1.6. You understand that Barteos Tokens confer only the right to provide and receive services on the Barteos Platform, and confer no other rights of any form with respect to Barteos, including, but not limited to, any voting, distribution, redemption, liquidation or other financial and legal rights;
9.1.7. You are not acquiring Barteos Tokens for any uses or purposes other than to provide or receive services on the Barteos Platform, including, but not limited to, any investment, speculative or other financial purposes;
9.1.8. You are not a PRC Person, a South Korea Person, a New York Person or a person located, organised or resident in Cuba, Iran, North Korea, Syria or the Crimea Region or any other country or territory that is subject of world-wide or territory wide sanctions;
9.1.9. You have all requisite power and authority to execute and deliver this Agreement, to acquire or use the Barteos Tokens and to carry out and perform your obligations under this Agreement;
9.1.10. If you are an individual, you are at least 18 years old and of suﬃcient legal age and capacity to acquire Barteos Tokens;
9.1.11. If you are a corporate entity, the Acquirer is duly organised, validly existing and in good standing under the laws of its domiciliary jurisdiction and each jurisdiction where it conducts business;
9.1.12. Your Acquisition of Barteos Tokens complies with applicable law and regulation in your jurisdiction, including, but not limited to, (a) legal capacity and any other threshold requirements in your jurisdiction for the Acquisition of Barteos Tokens and entering into this Agreement with us, (b) any foreign exchange or regulatory restrictions applicable to such Acquisition, and (c) any governmental or other consents that may need to be obtained;
9.1.13. You will comply with any tax obligations applicable to you arising from your Acquisition or use of Barteos Tokens;
9.1.14. The cryptocurrency you use to Acquire Barteos Tokens, are not derived from or related to any unlawful activities, including, but not limited to, money laundering or terrorist financing (See 8.1.16-18), and you will not use the Barteos Tokens to finance, engage in or otherwise support any unlawful activities;
9.1.15. All cryptocurrency swaps to acquire Barteos Tokens by you under this Agreement will be made only in your name, from a digital wallet or bank account not located in a country or territory that has been designated as a “non-cooperative country or territory” by the Financial Action Task Force and is not a “foreign shell bank” within the meaning of the U.S. Bank Secrecy Act (31 U.S.C. § 5311 et seq.) as amended, and the regulations promulgated by the Financial Crimes Enforcement Network, as such regulations may be amended from time to time;
9.1.16. The execution, delivery and performance of this Agreement will not result in any violation of, be in conflict with or constitute a default under, with or without the passage of time or the giving of notice (a) any provision of Acquirer’s organisational documents, if applicable, (b) any provision of any judgement, decree or order to which you are a party, by which you are bound, or to which any of your assets are subject, (c) any agreement, obligation, duty or commitment to which you are a party or by which you are bound or (d) any laws, regulations or rules applicable to you;
9.1.17. The execution and delivery of, and performance under, this Agreement requires no approval or other action from any governmental authority or person other than you;
9.1.18. To the extent required by applicable law in your resident country, you comply with all anti-money laundering (“AML”) and counter the financing of terrorism (“CFT”) requirements, including, but not limited to, (a) the applicable financial record keeping and reporting requirements of Currency and Foreign Transactions Reporting Acts, (b) any applicable money laundering statutes of all jurisdictions in which you are located, resident, organised or operate, and the rules and regulations and/or (c) any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental authority to which you are subject ((a) through (c) collectively, the “AML/CFT Laws”);
9.1.19. Neither you, nor any person having a direct or indirect beneficial interest in you or Barteos Tokens being acquired by you, or any person for whom you are acting as agent or nominee in connection the Acquisition of Barteos Tokens, (a) is the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the U.S. government through the Oﬃce of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) or the U.S. Department of State, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or any other applicable jurisdictions (collectively, “Sanctions”), (b) is located, organised or resident in Cuba, Iran, North Korea, Syria, the Crimea Region or any other country or territory that is the subject of country-wide or territory-wide Sanctions, (c) is listed in any Sanctions-related list of sanctioned persons, including, but not limited to, those maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom and/or (d) is directly or indirectly owned or controlled by any person or persons described in the foregoing clauses (a) through (c);
9.1.20. Any contribution to be made by you for the acquisition of Barteos Tokens is not derived from or related to any unlawful activities, including but not limited to money laundering or terrorist financing activities;
9.1.21. You shall not use Barteos Tokens to finance, engage in, or otherwise support any unlawful activities;
9.1.22. If you are acquiring Barteos Tokens on behalf of any entity, you are authorised to accept this Agreement on such entity’s behalf and such entity will be responsible for breach of this Agreement by you or any other employee or agent of such entity (references to “you” in this Agreement refer to you and such entity jointly);
9.1.23. You shall provide an accurate mobile number as your digital wallet account number to Barteos for receipt of any Barteos Tokens distributed to you by Barteos;
9.1.24. You understand and accept the risks of contributing to early stage blockchain start-up business and acknowledge that these risks are substantial. You further warrant and represent that your contribution does not represent a meaningful or substantial proportion of your net worth, and that you are willing to accept the risk of loss associated with the contribution made under these Terms & Conditions; and
9.1.25. In connection with the acquisition of the Barteos, you represent to Barteos the following: You will provide to Barteos or to its nominee, immediately upon request, information that at Barteos’s sole discretion, deems necessary or appropriate in order to maintain compliance with any federal, state, local, domestic or foreign law, regulation or policy, including any “Know Your Customer” requirements and policies or any judicial process. Such information or documents may include but are not limited to, passports, driver’s licenses, utility bills, photographs, government identification cards or sworn statements, or, if you are an entity, proof of legal existence such as a government-issued certificate of incorporation or notarised formation documents, and Barteos or its nominee, may keep a copy of such information and disclose such information and documents in order to comply with applicable laws, regulations, rules or agreements. You acknowledge that Barteos may refuse to distribute Barteos Tokens to you until such requested information is provided as in accordance with Clause 6.
10. BARTEOS PROPRIETARY PLATFORM USED FOR ACQUISITION OF TOKENS
10.1. Acquisition of the Barteos Tokens by you is conducted through the Barteos Platform found at barteos.exchange using its own proprietary software systems and connections to BTC and ETH or other Blockchains. You understand and agree that there are risks associated with hosting your own platforms, however, all care and security checks will be used by Barteos to safeguard your Barteos Tokens. The acquired Barteos Tokens would be available for use upon distribution as set forth in Exhibit A of this Agreement.
10.2. If applicable, any use of Barteos Tokens in your country will be governed primarily by other applicable terms and policies, which will be available in your Barteos Country Wallet upon the distribution of Barteos Tokens ( “Barteos Terms and Conditions of Use”). Barteos Terms and Conditions may change from time to time in each country and shall over-rule any terms and conditions herein.
As a De-centralised “commons software”, anyone can open a free account globally and download the Barteos Global Wallet from the APP stores, therefore, Barteos has the right to modify its Terms and Conditions at Barteos’ sole discretion with the amended Barteos Terms and Conditions posted in this and other related its websites instead of the previous version without notice.
11.1. Scope of Indemnity. To the fullest extent permitted by applicable law, Acquirer will indemnify, defend and hold harmless Barteos and its past, present and future employees, oﬃcers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, aﬃliates, franchisees, licensees, agents, distributors, country/town/region representatives, predecessors, successors and assigns (the “Barteos Parties”) from and against all claims, demands, actions, damages, losses, costs and expenses of any kind (including legal fees) arising from or relating to (a) Acquirer’s acquisition or use of the Barteos Tokens, (b) Acquirer’s use of the Barteos Smart Asset or Smart Contracts, (c) Acquirer’s responsibilities or obligations under this Agreement, (d) Acquirer’s breach or violation of this Agreement, (e) any inaccuracy in any representation or warranty of Acquirer, (f ) Acquirer’s violation of any rights of any other person or entity and/or (g) any act or omission of Acquirer that is negligent or unlawful, or constitutes wilful misconduct.
11.2. Barteos Rights. Barteos reserves the right, at its option, to exercise sole control over the defense, at your expense, of any claim subject to indemnification under Section 11.1. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in any other written agreement between you and Barteos.
12.1. DISCLAIMER BY BARTEOS.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN A WRITING BY US, (A) BARTEOS TOKENS ARE TRADED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES AS TO THE BARTEOS TOKENS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, UTILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR AS TO THE WORKMANSHIP OR TECHNICAL CODING THEREOF, OR TITLE AND NON-INFRINGEMENT; (B) WE DO NOT REPRESENT OR WARRANT THAT THE BARTEOS TOKENS OR THE BARTEOS SMART CONTRACTS ARE RELIABLE, CURRENT OR ERROR-FREE OR MEET YOUR REQUIREMENTS, OR THAT DEFECTS IN THE BARTEOS TOKENS OR BARTEOS SMART CONTRACTS WILL BE CORRECTED; (C) WE CANNOT AND DO NOT REPRESENT OR WARRANT (i) THAT THE BARTEOS TOKENS, THE DELIVERY MECHANISM FOR BARTEOS TOKENS OR THE BARTEOS SMART CONTRACTS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, (ii) THE ABILITY OF ANYONE TO ACQUIRE OR USE THE BARTEOS TOKENS, AND (iii) THAT THE PROCESS OF ACQUIRING THE BARTEOS TOKENS, RECEIVING THE BARTEOS TOKENS OR USING THE BARTEOS SMART CONTRACTS WILL BE UNINTERRUPTED OR ERROR-FREE OR THAT THE BARTEOS TOKENS OR BARTEOS SMART CONTRACTS ARE RELIABLE AND ERROR-FREE. AS A RESULT, ACQUIRER ACKNOWLEDGES AND UNDERSTANDS THAT ACQUIRER MAY NEVER RECEIVE BARTEOS TOKENS AND MAY LOSE THE ENTIRE AMOUNT ACQUIRER PAID TO ACQUIRE BARTEOS.
12.2. Exclusions. Some jurisdictions may not allow for the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers. If these laws apply to you, some or all of the limitations or exclusions may not apply to you, and you may have additional rights.
13. LIMITATION OF LIABILITY
13.1. No Consequential Damages.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER BARTEOS NOR THE BARTEOS PARTIES ARE RESPONSIBLE OR LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS, LOSS OF DATA OR LOST PROFITS), UNDER ANY LEGAL THEORY ARISING OUT OF OR RELATING IN ANY WAY TO THIS AGREEMENT OR YOUR PURCHASE OF BARTEOS TOKENS, OR YOUR USE OF THE BARTEOS SMART CONTRACTS. YOUR SOLE REMEDY FOR DISSATISFACTION WITH THE PURCHASE PROCESS IS TO NOT MAKE A PURCHASE. THE SOLE AND EXCLUSIVE MAXIMUM LIABILITY OF BARTEOS FOR ALL DAMAGES, LOSSES AND CAUSES OF ACTION, WHETHER IN CONTRACT, TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE) OR OTHERWISE, SHALL BE THE TOTAL AMOUNT PAID BY YOU TO BARTEOS DIRECT FOR THE BARTEOS TOKENS. THE FOREGOING LIMITATIONS WILL NOT LIMIT OR EXCLUDE LIABILITY FOR GROSS NEGLIGENCE, FRAUD, WILFUL OR RECKLESS MISCONDUCT OF BARTEOS NOR SHALL IT LIMIT OR EXCLUDE ANY LOSSES FOR WHICH, AS A MATTER OF APPLICABLE LAW, IT WOULD BE UNLAWFUL TO LIMIT OR EXCLUDE LIABILITY.
Some jurisdictions may not allow the limitation or exclusion of liability for incidental or consequential damages. If these laws apply to you, some or all of the limitations or exclusions may not apply to you, and you may have additional rights.
14. DATA PROTECTION
14.1. If we make an information request in accordance with Section 9.1.25, for the purpose of jurisdictional compliance, we may require you to provide information and documents relating to (without limitation):
• your identity;
• your address;
• the source used for the purposes of acquiring Barteos Tokens;
• any other documents or data from which you can be identified (together your “Personal Data”).
14.2. We will not disclose your Personal Data except as expressly permitted under these Terms & Conditions and otherwise only with your prior consent. However, we may be required to disclose your Personal Data and/or certain other information about you to the extent required by applicable law or by an order of a court or competent governmental or regulatory authority. By accepting these Terms & Conditions, you expressly agree and consent to your Personal Data being disclosed to governmental or regulatory authority parties ONLY to any extent required for the purposes of compliance with applicable law.
14.3. We shall process your Personal Data in accordance with the Data Protection Act of your jurisdiction (“Data Protection Act”), and you agree that we, as the data controller, may directly or through our service providers or agents process your Personal Data for any one or more of the following purposes:
• the acquisition of Barteos Tokens and the processing of transactions related to the Barteos Token Offering pursuant to these Terms & Conditions;
• providing you with information about us and our range of services;
• compliance with any requirement imposed by applicable law or by an order of a court or competent governmental or regulatory authority;
• management of enquiries and complaints;
• opening, maintaining or operating a Barteos account in your Company’s name;
• subject to Section 15, resolving any Disputes with you;
• producing summary information for statistical, regulatory and audit purposes;
• any other reasonable purposes in accordance with applicable law.
14.4. Under the Data Protection Act you have a right to access your Personal Data held by us, and it is your responsibility to inform us of any changes to your Personal Data to ensure such data remains accurate. You also have a right to object to your Personal Data being processed for the purposes of direct marketing by us. You agree to provide a written request to us should you wish to enforce these rights.
14.5. You agree that we may, for the purposes set out in Section 14.3, permit the transfer of your Personal Data to any jurisdiction, whether or not inside the European Economic Area, and that by accepting these Terms & Conditions you authorize and expressly consent to the processing of your Personal Data by us, our agents and/or our service providers, provided that where your Personal Data is processed by entities other than us, our agents or our service providers, we shall seek your prior written consent in respect of such processing.
14.6. You acknowledge, accept and understand that these Terms & Conditions, insofar as they relate to the controlling and processing of your Personal Data by Barteos, our agents and/or service providers, are only relevant to the processing of your Personal Data for the purposes set out in Section 14.3, In order to access the Barteos Platform and provide or receive services therein or otherwise use and interact with the Barteos Platform, you will be required to accept the Platform Terms and Policies which shall also set out the terms and conditions under which your Personal Data is collected, stored and processed (as well as your individual rights under applicable data protection laws) in connection with your use of the Barteos Platform.
15. DISPUTE RESOLUTION; ARBITRATION
PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT CONTAINS CERTAIN PROVISIONS, SUCH AS A BINDING ARBITRATION SECTION AND CLASS ACTION WAIVER, WHICH AFFECT YOUR LEGAL RIGHTS. THIS CLAUSE REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND CLAIMS WITH BARTEOS AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM US.
15.1. Binding Arbitration:
Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Barteos (i) waive your and Barteos’s respective rights to have any and all Disputes arising from or related to these Terms & Conditions resolved in a court, and (ii) waive your and Barteos’s respective rights to a jury trial. Instead, you and Barteos agree to arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court.
15.2. No Class Arbitration, Class or Representatives Actions:
Any Dispute arising out of or related to these Terms & Conditions is personal to you and Barteos and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
15.3. Arbitration Rules:
Any dispute arising out of or in connection with these Terms & Conditions, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the rules Arbitration in accordance with the ACICA Arbitration Rules in Australia found at https://acica.org.au/arbitration-rules/. By agreeing to be bound by these Terms & Conditions, you either (i) acknowledge and agree that you have read and understood the ACICA Rules, or (ii) waive your opportunity to read the ACICA Rules and any claim that the ACICA Rules are unfair or should not apply for any reason.
15.4. Notice; Informal Dispute Resolution. Each Party will notify the other Party in writing of any Dispute within thirty (30) days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to Barteos shall be sent by e-mail to Barteos at firstname.lastname@example.org Notice to you shall be sent to any email address you provide to us in writing in a notice. Your notice must include (i) your name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. If you and Barteos cannot agree how to resolve the Dispute within thirty (30) days after the date that the notice is received by the applicable Party, then either you or Barteos may, as appropriate and in accordance with this Section 15, commence an arbitration proceeding or, to the extent specifically provided for in Section 15.1, file a claim in court.
15.5. Process. Any arbitration will occur in Sydney, Australia. The arbitration will be conducted confidentially by a single arbitrator appointed in accordance with the ACICA Rules. The language to be used in the arbitral proceedings shall be English. The governing law of these Terms & Conditions shall be the substantive law of Australia and the Australian court will have exclusive jurisdiction over any appeals and the enforcement of an arbitration decision.
15.6. Authority of Arbitrator. These Terms & Conditions, the applicable ACICA Rules and the arbitrator will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court, provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative or class action, which is prohibited by these Terms & Conditions. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
15.7. Severability of Dispute Resolution and Arbitration Provisions. If any term, clause or provision of this Section 15 is held invalid or unenforceable, it will be so held to the minimum extent applicable and required by law, and all other terms, clauses and provisions of this Section 15 will remain valid and enforceable. Further, the waivers set forth in Section 15.2 above are severable from the other provisions of these Terms & Conditions and will remain valid and enforceable, except as prohibited by applicable law.
16. ELECTRONIC NOTICES
16.1. Consent to Electronic Delivery. You agree and consent to receive electronically all communications, agreements, documents, receipts, notices and disclosures (collectively “Communications”) that Barteos provides in connection with your Acquisition of Barteos Tokens or use of the Barteos Smart Contracts or Smart Assets. You agree that Barteos may provide these Communications to you by posting them on the Site, by emailing them to you at the email address you provide and/or by sending an SMS or text message to a mobile phone number that you provide. Your carrier’s normal, messaging, data and other rates and fees may apply to any mobile Communications. You should maintain copies of electronic Communications by printing a paper copy or saving an electronic copy.
16.2. Withdrawal of Consent. You may withdraw your consent to receive electronic Communications by sending a withdrawal notice to email@example.com. If you decline or withdraw consent to receive electronic Communications, Barteos may suspend or terminate your ability to Acquisition Barteos Tokens.
17.1. Governing Law and Venue. Subject to Section 15, these Terms & Conditions and any dispute or claim arising out of or in connection with their subject matter or formation (including non-contractual disputes and claims) shall be governed by and construed in accordance with Australian law.
17.2. Severability. If any term, clause or provision of this Agreement is held unlawful, void or unenforceable, then that term, clause or provision will be severable from this Agreement and will not aﬀect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of this Agreement.
17.3. Entire Agreement. This Agreement, including the exhibits attached hereto and the materials incorporated herein by reference, constitutes the entire agreement between the Parties and supersedes all prior or contemporaneous agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof, including, without limitation, any public or other statements or presentations made by any Barteos Party about the Barteos Tokens or the Barteos Platform. Headings are for information purposes only.
17.4. Assignment. You may not assign or transfer any of your rights or obligations under this Agreement without prior written consent from Barteos, including by operation of law or in connection with any change of control. Barteos may assign or transfer any or all of its rights under this Agreement, in whole or in part, without obtaining your consent or approval.
17.5. Waiver. Our failure or delay in exercising any right, power or privilege under this Agreement shall not operate as a waiver thereof. All waivers by Barteos must be unequivocal and in writing to be eﬀective.
17.6. Force Majeure. You understand and agree that Barteos shall not be liable and disclaims all liability to you in connection with any force majeure event, including acts of God, labor disputes or other industrial disturbances; electrical, telecommunications, hardware, software or other utility failures; software or smart contract bugs or weaknesses; earthquakes, storms, or other nature-related events; blockages, embargoes, riots, acts or orders of government; acts of terrorism or war; technological change; changes in interest rates or other monetary conditions; or other matters beyond the reasonable control of Barteos, including changes to any blockchain-related protocol.
17.7. No Partnership; No Agency; No Third-Party Beneficiaries. Nothing in this Agreement and no action taken by the Parties shall constitute, or be deemed to constitute, a partnership, association, joint venture or other co-operative entity between the Parties. Nothing in this Agreement and no action taken by the Parties pursuant to this Agreement shall constitute, or be deemed to constitute, either Party as the agent of the other Party for any purpose. No Party has, pursuant to this Agreement, any authority or power to bind or to contract in the name of the other Party. This Agreement does not create any third-party beneficiary rights in any person.
17.8. Modifications. We reserve the right to make changes or modifications to this Agreement from time to time, in our sole discretion. If we make changes to this Agreement, we will provide notice of such changes, which may include sending you an email, providing notice on the homepage of the Site, and/or posting an amended Agreement, and updating the “Last Updated” date below. The modified Agreement will become eﬀective upon posting and will apply to any Acquisition or use of Barteos Tokens made after the modified Agreement becomes eﬀective.
17.9. Termination. Notwithstanding anything contained in this Agreement, we reserve the right, without notice and in our sole discretion, to terminate your right to Acquisition Barteos Tokens, at any time and for any reason, and you acknowledge and agree that Barteos shall have no liability or obligation to you in such event to the fullest extent permitted by applicable law.
Barteos Token Sale Procedures and Specifications
FIRST TOKEN SALE
The First Token sale will begin as advertised on the barteos.org website from the 1st October 2021 and may continue as an Initial Exchange Offering after 20,000 Businesses have joined as Members in BE-PAY in Australia or similiarly in another country, whichever country reaches 20,000 business members first. The Barteos First Token Sale will end when the sale of 1B BTE is met. The Barteos First Token Sale are Tokens allocated to establish the global infrustructure to launch into countries outside of Australia. The foregoing is subject to Paragraph 6 below.
1. Barteos First Token Sale Structure and Terms
a. Name of Token: Barteos (BTE)
b. First Token offering Hard Cap: Equivalent to 1B BTE
c. First Token offering Method: Through barteos.exchange or/and an IEO.
d. First Token offering Maximum Supply: 1B Tokens
e. Crypto Currencies Accepted to swap: Ethereum (ETH) and Bitcoin (BTC).
Other Tokens may become acceptable during the FTO Period by checking at barteos.exchange.
f. On receipt of your contribution, such contribution shall immediately become the sole and exclusive property of BTEA who shall be entitled to apply the contribution towards the development of the Barteos Platform and other operating expenses. The application of your contribution shall be determined by us acting in our sole and absolute discretion and we shall be under no obligation to inform you or otherwise verify how your contribution is used.
g. BTEA RESERVES THE RIGHT IN ITS SOLE DISCRETION TO WITHHOLD THE TOKEN OFFERING TO OTHER DATES OR METHODS AS IT DEEMS APPROPRIATE.
2. Method and Terms of Contributions
a. You may make a contribution to Barteos during the Barteos Token Sale in the manner described in this paragraph 2 of Exhibit A.
b. Contributions to be made in ETH must be sent from an ETHEREUM wallet in respect of which you can identify your public key. Your public key shall be required to verify your ETH contribution to Barteos and to enable Barteos to issue Barteos Tokens to you. ETH contributions shall be sent to the Barteos ETHEREUM wallet address specified on the barteos.exchange website.
c. Contributions to be made in BTC must be sent from a BITCOIN wallet in respect of which you can identify your public key. Your public key shall be required to verify your BTC contribution to Barteos and to enable Barteos to issue Barteos Tokens to you. BTC contributions shall be sent to the Barteos BITCOIN wallet address specified on the barteos.exchange website.
d. To the extent that any third-party website, service or smart-contract oﬀers to receive contributions and issue Barteos Tokens or facilitates the allocation or transfer of Barteos Tokens in any way during the Barteos Token Sale, such third-party websites or services are, unless expressly set out in these Terms & Conditions or mentioned on the Barteos website, not authorized by Barteos nor do they have any legal or commercial relationship in any way with Barteos, the Barteos Platform or Barteos Tokens.
e. For the purposes of paragraph 2 above, other than in Australia, BTEA t/a BARTEOS FOUNDATION, is the authorised non-profit Manager to receive contributions and issue Barteos Tokens.
f. Purchasers that send contributions in a manner that does not confirm with the methods of contribution described in these Terms & Conditions; or to any third- party website, wallet address, service or smart contract that oﬀers Barteos Tokens in a manner set out in this paragraph, risk losing their entire contribution and Barteos shall not be responsible or liable for recovering or returning any such contributions to the Acquirer not shall Barteos be responsible or liable for any losses incurred by the Acquirer in this respect.
3. Barteos Token Price and Conversion
a. During the Barteos Initial Token Sale, the initial price attributed to Barteos Tokens shall be a minumum of $0.15 USDT Per Token and shall rise in Value until BTE is listed in an open market exchange. The price of Barteos will start to accelerate after 5,000 Business members are reached, establishing a good foundation and gaining momentum before BTE is prepared to be listed in an open market exchange. After the first 5,000 business members, the algorithms used to raise the Value of BTE Prior to taking steps for a Listing will accelerate until an approximate value of up to USD$10.00 has been reached.
This method replaces the traditional rounds usually used by ICO’s or IPO’s, that simply raise the value because previous rounds were sold, but instead Barteos uses a model of raising value by substantiating the initiative itself, with real world proof of creating an eco-trading system as promised. This is a much fairer way of substantiating Token Value by actually doing the promise, rather than just staing the promise itself.
As Barteos is designed from the start to become an open-market cryptocurrency, the open market will determine the post “exchange listing price”, based on how the cryptocurrency world views the Barteos initiative at that time.
b. Where a contribution is made under the terms of these Terms & Conditions in cryptocurrency, the value that such currency shall be determined by Barteos referring to such exchanges as Barteos shall decide in its sole and absolute discretion (the “Conversion”), in order to calculate the Barteos Tokens that will be issued to the Acquirer. Barteos shall not be responsible or liable for any losses which may be suﬀered by the Acquirer as a result of the Conversion, nor shall Barteos be liable for any errors in the rates of exchange published by any exchange.
4. Barteos for Australian businesses and residents through BE-PAY
a. FIRST COUNTRY (AUSTRALIA) TOKEN OFFERING EXCLUSIVELY THROUGH BEPAY.
b. BE-PAY AUSTRALIA ALLOCATION IS 1B BTE for its sole use to establish Barteos Tokens and Systems in Australia.
c. BE-PAY RESERVES THE RIGHT IN ITS SOLE DISCRETION TO WITHHOLD ITS TOKEN OFFERING TO OTHER DATES OR METHODS AS IT DEEMS APPROPRIATE WITHIN AUSTRALIA.
d. Subject to compliance with this paragraph 4, delivery of Barteos Tokens shall be made to the Acquirer up to one week after the KYC/AML Verification from the date of acquiring the Token by sending Barteos Tokens to the Barteos Blockchain account address when notified by the purchaser to Barteos in accordance with the foregoing paragraph.
e. On receipt of your contribution, such contribution shall immediately become the sole and exclusive property of BE-PAY who shall be entitled to apply the contribution towards the development of the Barteos Platform and other operating expenses. The application of your contribution shall be determined by us acting in our sole and absolute discretion and we shall be under no obligation to inform you or otherwise verify how your contribution is used.
5. Bonus for Large Acquisitions for BE-PAY or BTEA
Sophisticated Acquisitions of larger amounts of Barteos Tokens when available will be eligible for a Bonus as follows:
- Valued at USDT $50,000 or more, will be eligible for a 20% Bonus;
- Valued at USDT $100,000 or more, will be eligible for a 30% Bonus;
- Valued at USDT $200,000 or more, will be eligible for a 40% Bonus;
- Valued at USDT $500,000 or more, will be eligible for a 50% Bonus;
- Valued at USDT $1,000,000 or more, will be eligible for a 60% Bonus;
- Valued at USDT $2,000,000 or more, will be eligible for a 70% Bonus;
- Valued at USDT $5,000,000 or more, will be eligible for a 80% Bonus;
- Valued at USDT $10,000,000 or more, will be eligible for a 90% Bonus;
- Valued at USDT $20,000,000 or more, will be eligible for a 100% Bonus;
All such bonuses will be discussed individually with each potential buyer and are subject to change without notice.
6. Duration of Barteos Token Sale
Barteos reserves the right in its sole discretion, to change the date and/or time when the FTO Period will begin and end.
7. Vesting and Discounts
The Vesting schedule is as follows:
a. Barteos Workers: from 1 to 5 years, linear vesting depending on importance of roles.
b. Large Volume Purchasers (i.e., those who Acquisition Barteos Tokens valued at a total of USDT $50,000 or more: 12 months vesting period, 8.33% vesting released each month, with a 3-month initial cliﬀ.
c. MAXIMUM Token Allocation – (“FTA”) is 12.5B, split as stated in the Whitepaper found at barteos.org.
8. JOINT VENTURES, ACQUISITIONS AND PROMOTERS
As Barteos is a crypto-currency that has in its design a one-track drive and focus to become usable by every person globally, further Tokens will be minted and distributed to Barteos’s Country Leaders, City Leaders, Regional Developers, Merchants, Users, Referers and Contributors as in accordance with the programmed reward system which also includes and cashback rewards to shoppers that may be implemented in regulated jurisdictions as an incentive to propagate the Barteos Token usage and ensure long-term alignment of interests and commitment to the BTE Tokens and their future value, up until the ESTABLISHMENT RESERVE has been dispersed and no further Tokens are available. Furthermore, acquisitions of Barter Exchanges or other Digital Currency entities that have a good user base of Merchants or Users may be issued Establishment Reserve Tokens to be used as forks of these commercial merchant trading companies, digital currencies, joint ventures, and other promoters that builds usage and commercial liquidity for the Barteos Token Holders by the Manager. All Tokens to Promoters and the Global Sales Force members have a 12-36 month vesting period.
9. Refusal, Rejection or Refund of Contribution Policy
a. Barteos reserves the right to refuse or reject any contribution made at any time in its sole and absolute discretion. To the extent that we refuse or reject a contribution, we will exercise reasonable endeavors to procure that the contribution is returned to the Acquirer.
b. Subject to the foregoing paragraphs and except to the extent required by applicable law, all contributions received by Barteos under these Terms & Conditions are final and purchasers shall not be entitled to claim any refund or reimbursement of contributions from Barteos.
c. During any period of suspension or in the event that the Barteos Token Sale is aborted, the Contribution System will no longer be able to receive and accept contributions or issue Barteos Tokens. People who send contributions outside of the barteos.exchange website (after we publish a notice that the Barteos Token Sale has ended, or been suspended or aborted in accordance with this paragraph) risk losing their entire contribution and we shall not be responsible or liable for recovering or returning any such contributions to the Acquirer nor shall we be responsible or liable for any losses incurred by such Purchasers in this respect. Purchasers are therefore strongly advised to check our website before sending a contribution.
10. Distribution of Barteos Tokens and Trading
Purchasers will receive access to their Barteos Tokens after the Wallets are released for trading between users.
a. Non receipt of Crypto Currency Funds.
If your crypto-currency funds have not been received in the Barteos BTC or ETH wallets or any other cryptocurrency accepted for the acquisition of Barteos then you will be totally responsible to chase up the transfer with whatever wallet supplier you have used and indemnify Barteos from any further requirement to investigate such transfer.
b. Failure to Follow Procedures.
Failure to follow the procedures set forth in this Agreement and otherwise in connection with the Barteos Token Sale may result in Acquirer not receiving any Barteos Tokens.
c. During the Barteos Token Sale, receipt or acquisition of Barteos Tokens through any other means other than through the barteos website are not sanctioned or agreed to in any way by Barteos. The Acquirer should take great care that the website used to acquisition Barteos Tokens has the following domain locator “www.barteos.exchange”.
11. Token Functionality
a. Ownership of Barteos Tokens carries no rights, whether express or implied, other than a limited potential future right or expectation to use and interact with the Barteos Platform and Token as made available through its independant DPoA Node Network and its economic system. Any potential future right or expectation relating to the provision and receipt of services on the Barteos Platform shall be subject to any restrictions and limitations set out in these Terms & Conditions and/or the Platform Terms and Policies (as applicable).
b. You acknowledge and accept that Barteos Tokens do not represent or constitute:
i. any ownership right or stake, share, equity, security, commodity, bond, debt instrument or any other financial instrument or investment carrying equivalent rights to receive future revenues, shares or any other form of participation or governance right from, in or relating to Barteos Token and/or the Barteos Platform;
ii. any form of money or legal tender in any jurisdiction, nor do they constitute any representation of money (including electronic money); or
iii. the provision of any goods and/or services as at the date that these Terms & Conditions form a binding agreement between the Parties.
c. Protections oﬀered by applicable law in relation to the acquisition, storage, sale and/or transfer of the instruments and/or investments of the types referred to in the sub-clauses of paragraph 13 shall not apply to any contribution made under these Terms & Conditions for the acquisition of Barteos Tokens or to your storage, sale and/or transfer of Barteos Tokens.
d. Barteos makes no warranties or representations and oﬀers no assurances (in each case whether express or implied) that Barteos Tokens shall confer any actual and/or exercisable rights of use, functionality, features, purpose or attributes in connection with the Barteos Platform.
12. Intended functionality of Barteos Tokens
a. Barteos Tokens will be an essential utility for users of the Barteos Platform as they will enable interaction within the Barteos Platform and will act as the main driver of the Barteos eco-trading system. Barteos Tokens will eﬀectively operate as an “in-app currency”, the sole purpose of which is to allow users to participate on the Barteos Platform. It is envisaged that users of the Platform will be able to, but not limited to, undertake the following tasks using Barteos Tokens:
i. Paying for Goods and Services that may be Merchant Members of a country Barter Trade Exchange;
ii. Transferring Tokens to Exchanges for the purpose of trading in crypto-currencies or other digital currency;
iii. Transferring Tokens to other Members with accounts for gifting purposes;
iv. Paying for services conducted by Barteos or the Node operators in regards to the use of the Barteos Blockchain.
b. Barteos Tokens do not have any functionality or utility outside the Barteos Platform and trade ecosystem. The functionality and utility of Barteos Tokens will therefore be limited to interacting with users/content within the confines of a single platform. Barteos Tokens will not have any functionality or utility outside the Barteos Platform other than crypto-currency exchanges, if and when listed. It is therefore intended that Barteos Tokens will continuously circulate within the Barteos Platform ecosystem of users. The Barteos Platform will therefore be structured as a “closed system” but permissionless insofar as the use of Barteos Tokens is concerned and the opening of an account on the Blockchain. Whilst it is possible that a secondary market could develop for trading Barteos Tokens with other Digital currency exchanges, Barteos will not create such secondary markets nor does Barteos have any intention to act as a live Trading exchange for Barteos Tokens. Barteos.exchange is a brokr-style exchange and is not intended to be a Trading-style exchange like Bitfinex, Binance, Huobi etc. To the extent a secondary market or Trading exchange for trading Barteos Tokens does develop, it would be run and operated wholly independently of Barteos, the Barteos.exchange and the Barteos Platform.
13. Possibility of change to the intended functionality of Barteos Tokens
PLEASE NOTE THAT WE ARE IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF THE FUNCTIONALITY OF BARTEOS TOKENS IN THE JURISDICTIONS WE INTEND ON TRADING. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, WE MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY OF BARTEOS TOKENS IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH WE ARE SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE TO THE FUNCTIONALITY OF BARTEOS TOKENS AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF BARTEOS TOKENS.
Certain Risks Associated with the Acquisition, Sale and Use of Barteos Tokens and Use of the Barteos Smart Contracts or other Smart Assets operating on the Barteos Blockchains.
IMPORTANT NOTE: Barteos Tokens are not being structured or sold as securities or as any other form of investment product. Accordingly, none of the information presented in this Exhibit B is intended to form the basis for any investment decision, and no specific recommendations are intended.
By acquiring, holding and using Barteos Tokens, you expressly acknowledge and assume the following risks:
1. Risk of Losing Access to Barteos Tokens Due to Loss of Private Recovery Keys(s).
Barteos Tokens acquired by you may be held in a digital wallet or vault, which requires a private key or a combination of private keys for access. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing Barteos Tokens will result in loss of such Barteos Tokens, as well as access to your Barteos Token balance. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service you use, may be able to misappropriate your Barteos Tokens. Barteos is not responsible for any such losses.
2. Risks Associated with the Barteos DPoA Protocol.
Because Barteos Tokens are based on the Barteos DPoA Consensus protocol, any malfunction, breakdown or abandonment of, or attack on, the Barteos Blockchain may have a material adverse eﬀect on the Barteos Tokens. The DPoA protocal is in the opinion of Barteos the safest protocol and requires Node Operators to put their Reputation at stake. However, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Barteos Tokens by rendering ineﬀective the cryptographic consensus mechanism that underpins the Blockchains security and reliability. Upgrades by Barteos to the Barteos platform, a change in how transactions are confirmed on the Barteos platform may have unintended adverse eﬀects on Barteos Tokens. The Barteos Blockchain is at a stable stage of development, however, with mass scale usage, it is not fully known whether the Barteos Blockchain will be able to sustain long-term operation of large-scale global transactions without the use or implementation of sharding.
3. Unknown Impact of Proposed Changes to Barteos.
The Barteos Foundation has laid out a road map for the improvement and further development of the original graphene blockchain code used by the Blockchain. While some of the future proposals oﬀer promises to better the Blockchain, it is uncertain when these new improvements will be introduced and whether they will be successful. In particular, proposals to greatly increase blockchain security and implement anti-theft systems or jurisdictional compliance is, at the time of the Barteos Token Sale, not imminent.
4. Prices for Transactions.
All transactions over the Blockchain, including the transfer of Barteos Tokens, have a real- world cost. While at this point in time, transaction prices for basic transactions over the Barteos network are nominal, there is no certainty that transaction prices will not increase, in order to make the validating and authourising of transactions of Barteos Tokens over the Barteos de-centralised Blockchain commercially feasible for Node operators.
5. Barteos Blockchain May be Superseded.
While today, in our view, the Barteos Blockchain technology presents the most promising advances in blockchain technology, there is no guarantee that Barteos will not be supplanted by competing protocols that improve upon the Barteos technology. The Graphene and Barteos Blockchain technology is open-source, meaning that people can copy and disseminate the same code with modifications. It is not known whether the Barteos platform will become the predominant payment system adopted globally by the industry or be superseded. If Barteos is surpassed or superseded with new open source technology, then Barteos may adopt such new technology if Barteos in its sole discretion deems that the impact of such technology would create a decline in Barteos usage or if the Barteos Token usage and adoption declines as a result on new technology released in the market.
6. Blockchain Changes and Timing.
On the Barteos Blockchain, timing of block production is set to 3 seconds determined by DPoA consensus protocol so block production can occur at fixed times. The Barteos Blockchain may be prone to periodic congestion during which transactions can be delayed or even lost and in such circumstances, Barteos may change timing of Block production. Acquirer acknowledges and understands that Barteos and its block producers are not liable if any technology failures and losses that may arise from such.
7. Risk of Hacking and Security Weakness.
Barteos Tokens may be subject to expropriation and/or theft. Hackers or other malicious groups or organisations may attempt to interfere with the Barteos Blockchain or Smart Contracts or the Barteos Tokens 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, because the Barteos Blockchain platform rests on open-source software and Barteos Tokens are based on open-source software, there is the risk that Barteos Blockchain may contain intentional or unintentional bugs or weaknesses which may negatively aﬀect the Barteos Tokens or result in the loss of Acquirer’s Barteos Tokens, the loss of Acquirer’s ability to access or control Acquirer’s Barteos Tokens. In the event of such a software bug or weakness, there may be no remedy and holders of Barteos Tokens are not guaranteed any remedy, refund, or compensation.
8. Uncertain Regulatory Framework.
The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions and is very much a “work in progress”. It is diﬃcult to predict how or whether governmental authorities will regulate such technologies. It is likewise diﬃcult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will aﬀect cryptographic tokens, digital assets, blockchain technology, and its applications. Such changes could negatively impact Barteos Tokens in various ways, including, for example, through a determination that Barteos Tokens are regulated financial instruments that require registration or through the imposition of onerous liquidity requirements. Barteos may cease the distribution of Barteos Tokens, the development of the Barteos Platform, or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.
9. Legal and Regulatory Factors Relating to Our Business Model Might Present Barriers to Success.
a. Barteos operates in a new and developing legal and regulatory environment concerning initial token sales, blockchain and smart contracts. There is no established body of law or court decisions in any country concerning blockchain and smart contracts, and the law regarding initial token sales is developing. As a result, it is possible that there could be legal disputes over the interpretation of smart contracts between members of the Barteos community, thus undermining the attractiveness of smart contracts to Barteos users. Further, it is diﬃcult to predict how regulators and lawmakers might respond to the use of smart locks and smart contracts in rental relationships.
b. Moreover, the crowdsourced security deposit network or other aspects of the platform could face regulatory scrutiny or could be determined by regulators to be subject to currently existing or future licensing and/or registration requirements in one or more jurisdictions. To the extent licenses or other authorisations are required in one or more jurisdictions in which Barteos operates or will operate, there is no guarantee we will be granted such licenses or authorisations. We may also need to change our business model to comply with these licensing and/or registration requirements. Uncertainty in how the legal and regulatory environment will develop could negatively impact the independant Barteos’s business operations and revenue streams, thus posing a risk to the usefulness of the Barteos Tokens you acquired in the Barteos Token Sale.
10. Risk of Government Action.
While we do not believe the sale of Barteos Tokens constitutes a public oﬀering of securities in those jurisdictions where the oﬀering is being made, this conclusion may not be the case. In addition, public policy towards token sales is evolving, and it is conceivable that regulators may in the future seek to broaden the scope of regulation of token sales. If the Barteos Token Sale becomes subject to registration, prospectus or licensing requirements in a particular jurisdiction, we may be found liable if we have not complied with the applicable registration, prospectus or licensing requirements, and this would delay or potentially postpone the proposed Barteos Token Sale indefinitely. The use of blockchain technology and cryptocurrency in the trading of goods and services is relatively in its infancy and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental authorities will not examine the operations of Barteos and/or pursue enforcement actions against Barteos. Such governmental activities may or may not be the result of targeting Barteos in particular. All of this may subject Barteos related entities to judgements, settlements, fines or penalties, or cause Barteos to restructure its operations and activities or to cease oﬀering certain products or services, all of which could harm Barteos’s reputation or lead to higher operational costs, which may, in turn, have a material adverse eﬀect on the Barteos Tokens and/or the Barteos Platform.
11. Risk of Fluctuation of Bitcoin Ethereum or other Currency.
Proceeds of the swap of Barteos Tokens will be primarily denominated in BTC and ETH and may be converted into other cryptographic or fiat currencies. If the value of BTC or ETH or other currencies fluctuates unfavorably during or after the FTO Period, Barteos may not be able to fund development in the manner that is intended.
12. Lack of Interest.
A lack of use or public interest in the Barteos Platform could negatively impact the potential utility of Barteos Tokens.
13. Barteos is Unable to Implement its Future Model.
Barteos’s model is a startup and as such has no track record and has assembled a team of independant business Partners to grow Barteos that may or may not be successful in sales and marketing initiatives. However, it is also possible that Barteos will not be able to effectively or successfully implement future components of its model, such as govt compliance systems, artificial intelligence system, stabilisation of retail trading, to name a few new innovations. If Barteos is unable to operationalise these features, or the market does not respond positively to them, some or all of the usefulness of the Barteos Tokens you purchased in the Barteos Token Sale may be at risk, despite any corrective actions Barteos may take.
However, Barteos is already operational in Australia and has been tested since becoming live in May of 2019. Therefore, unlike traditional Token offerings, the Barteos technology is already live, safe and capable technology that should give you assurance that it is not a promise but a live reality.
14. Ability to Transact or Resell.
You may be unable to sell or otherwise transact in Barteos Tokens at any time, or for the price you paid. You acknowledge, understand and agree that: (a) Barteos Tokens may have no value; (b) there is no guarantee or representation of liquidity for Barteos Tokens; and (c) Barteos is not responsible for the market value of Barteos Tokens, the transferability and/or liquidity of Barteos Tokens and/or the availability of any market or exchange for Barteos Tokens through third parties or otherwise. These performances are totally based on whether the market and its response to the usage of the Barteos Platform and Token.
15. Barteos Tokens are Transferable upon acquisition.
Barteos Tokens are transferable during the FTO Period. You further acknowledge and understand that Barteos reserves the right to terminate the sale process at any time and withdraw any unsold Barteos Tokens from the Barteos Token Sale. Barteos Tokens are transferable, although this does not mean there will be a market through which you can transfer them or one that is suitable to you.
16. Barteos May Modify or Stop the Sale at Any Time.
Acquirer acknowledges and understands that Barteos may modify the timing, sale price, and number of Barteos Tokens available for sale at any time during the FTO Period. Acquirer further acknowledges and understands that Barteos reserves the right to terminate the sale process at any time and withdraw any unsold Barteos Tokens from the sale process.
17. Sending Tokens from Exchange and Counterparty Risks.
If you send BTC or ETH to the Barteos BTC or ETH wallets from an exchange or account that you do not control, pursuant to the Barteos Token Swap, Barteos Tokens may be allocated to the cryptocurrency account that has sent BTC and ETH; therefore, you may never receive or be able to recover your Barteos Tokens. By using the Barteos Token swaps system, and/or by acquiring Barteos Tokens, you acknowledge and agree that you will not send BTC and ETH to the Barteos wallets direct through an exchange account and/or if you do swap for Barteos Tokens direct from a cryptocurrency exchange or with another third party, you do so at your own and sole risk.
18. Other Risks Associated With The Barteos Token Sale.
Risks include, partnerships breakdown, turnover in leadership and management team, volatility in cryptocurrency markets, the possibility of increasing regulation of cryptocurrency exchanges, the potential for a post-facto government investigation of a token sale, suboptimal ability of participants to conduct due diligence on a company undertaking a token sale, and other risks. Potential token buyers should weigh these risks against the possible future benefits before deciding to participate in the Barteos Token Sale.
19. Taxation Risks.
The use of Barteos Tokens as a form of settlement currency may or may not be subject to local income tax, capital gain taxes, VAT, GST, or other forms of taxes. This uncertainty in tax legislation may expose merchants and customers alike to unforeseen future tax consequences associated with the use of Barteos Tokens as a settlement currency, and/or the trading of Barteos Tokens for capital gains.
20. Capital Control Risks.
Many jurisdictions, such as China, impose strict controls on the cross-border flow of capital. Holders of Barteos Tokens may be subject to these regulations and/or arbitrary enforcement of such regulations at any time. This would make the transfer of Barteos Tokens out of the local jurisdiction to overseas exchanges an unlawful activity exposing the user of Barteos Tokens to government fines or other regulatory sanction.
21. Countering the Financing of Terrorism (“CFT”) and Anti-Money Laundering (“AML”) Regulations.
The United States has issued a series of regulations to combat terrorist financing and money- laundering activities. Many other countries have enacted similar legislation to control the flow of capital for such illicit activities. In the event that licenses, registrations, or other authorisations are required under applicable CFT and/or AML regulations in a Jurisdiction to operate the Barteos Platform, there is no guarantee that Barteos will be able to successfully obtain such authorisations. In addition, any illicit use of the Barteos Tokens by bad actors could breach such regulations and seriously impact the global reputation of the Barteos Platform. In such event, it is conceivable that this could trigger scrutiny by CFT and AML regulators and potentially cause significant disruption to the distribution and circulation of Barteos Tokens.
22. Changes to the Barteos Platform.
Although Barteos intends for the Barteos Platform to have the features and specifications set forth in the White Paper, Barteos may make changes to such features and specifications for any number of reasons.
23. Reliance on Third Parties.
Barteos anticipates relying on third parties to develop and build out the Platform. Barteos may be unable to retain third parties with the requisite expertise, and those it does retain may not adequately perform their obligations under an agreement with Barteos.
24. Risks Associated with Innovation.
a. Barteos’s success depends on its continued innovation to provide new, and improve upon existing technology and services that make its Platform useful for users. As a result, Barteos must continually invest significant resources in research and development to improve the attractiveness and comprehensiveness of its Platform and eﬀectively incorporate new mobile, internet, blockchain and other technologies into them. If Barteos is unable to continue oﬀering high-quality, innovative functionality, it may be unable to attract additional users or retain current users, which could harm the Barteos cryptocurrency ecosystem, results of operations and financial condition of the Barteos Foundation.
b. In addition, Barteos’s success depends on its ability to continue to attract users to its Platform and enhance their engagement with Barteos’s Blockchain. Barteos’s existing and potential competitors include, but are not limited to, companies that operate, or could develop international, national and trade exchange systems. These companies could devote greater technical and other resources than Barteos has available, have a more accelerated timeframe for deployment and leverage their existing user bases and proprietary technologies to provide products and services that users might view as superior to Barteos’s oﬀerings. If users begin to access e-commerce through other media and Barteos fails to innovate, results of growth operations and Token Value may be negatively impacted. Any of Barteos’s future or existing competitors may introduce diﬀerent solutions that attract users or provide solutions similar to Barteos’s but with better branding or marketing resources. If Barteos is not able to continue to attract users to its Platform, Barteos’s business, results of operations and financial condition would be harmed.
c. Barteos’s future success also substantially depends on the success of its Promoter and their Forc Events (Future of Retail Currency) scheduled to recruit merchants to the eco-system starting officially iafter the Pandemic period and disruptive lockdowns. For any number of reasons, the FORC EVENTS may not be able to attract the number of people to attend or may be cancelled and cause adverse publicity to the brand of Barteos.
d. Finally, the merchants and shoppers that are the potential users of the Barteos Platform are aﬀected by Pandemics, local, regional, national and international economic conditions and other events and occurrences that aﬀect the market for trading. A protracted decline in economic conditions will cause downward pressure on Barteos’s usage as a result of lower activity in the market.
25. Unanticipated Risks.
Cryptographic tokens such as Barteos Tokens are still, a new and untested business model and technology on a large scale. In addition to the risks included in this Exhibit B, there are other risks associated with your Acquisition, holding and use of Barteos Tokens, including those that the Manager and Barteos Foundation cannot anticipate.
If you have any questions relating to these Terms & Conditions, please contact us at firstname.lastname@example.org
COPYRIGHT 2021 – BTE AUSTRALIA PTY LIMITED – All rights reserved. Last Updated: 16th August 2021.