PLEASE READ THE AGREEMENTCAREFULLY.
1. Acceptance of Terms
Musqogees Tech Ltd (“Musqogee”) provides “Redenom” platform (the “Platform”) located at https://redenom.com/ and including text, images, audio, code and other materials (collectively, the “Content”). The Platform is designed for the decentralized collective administration of funding startup projects applying blockchain technologies.
You hereby represent and warrant that you are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations and warranties set forth in these Terms and to abide by and comply with these Terms.
Redenom is the global platform for users’ collective interaction aimed at organizing the funding of startup projects, by applying the descentralized blockchain technologies in combination with offchain technologies, for best results.
You further represent that you are otherwise legally permitted to use the service in your jurisdiction including owning cryptographic tokens of value, and interacting with the Services or Content in any way.
You further represent you are responsible for ensuring compliance with the laws of your jurisdiction and acknowledge that Musqogee/Redenomis not liable for your compliance with such laws.
4. Account Password and Security
When setting up an account within Redenom, you will be responsible for keeping your own account secrets, which may be a twelve-word seed phrase, an account file, or other locally stored secret information. Redenom encrypts this information locally with a password you provide, that we never send to our servers.
You agree to
- never use the same password for Redenom that you have ever used outside of this service;
- keep your secret information and password confidential and do not share them with anyone else;
- immediately notify Redenom of any unauthorized use of your account or breach of security.
Musqogee/Redenom cannot and will not be liable for any loss or damage arising from your failure to comply with this section.
5. Tokenization model
5.1. Crypto Tokens
Redenom (NOM) Token falls under the classification of a utility token and is NOT an investment or security token.
Redenom (NOM) Token acts like a membership coupon that grants the following rights to its holder
- To participate in the Redenom blosckchain voting for startup projects filed with the Platform by other users.
- To file startup projects with the Platform
- To receive other Utility Tokens, issued within the framework of projects funded from the Redenom DAO FUND
The issue and distribution of Redenom (NOM) Tokens is done free of charge, according to an established algorithm and/or in exchange for certain user’s actions (such as registration, verification, affiliation campaign etc.).
Upon token issuance to users, a certain amount of tokens is issued in parallel and transferred to the Redenom DAO FUND account, as well as to the account of the REDENOM team, who are viewed as privileged users.
If Redenom (NOM) Tokens are held outside the wallet, the user will be not be able to participate in the voting and receive on its accounts Utility Tokens generated as a result of startup projects and will not be able to file such projects.
Redenom (NOM) Token holders may receive other coupon benefits, such as privileged access or discounts on future products or new listings.
Not an Ofering of Securities, Commodities, or Swaps
The receiving of Redenom (NOM) Tokens and Redenom (NOM) Tokens themselves are not: software, currency, securities, commodities; swaps on currency, securities or commodities; or any other kind of financial instrument, as may be determined by any national legislation. Purchases and sales of Redenom (NOM) Tokens are not subject to the protections of any laws governing said financial instruments.
Holders comprehend and fully accept that ownership, holding or disposal of Redenom (NOM) Token does not grant them the right to expect or to receive proceeds, revenue, or other payments.
Not an Investment
Redenom (NOM) Tokens can never be considered an official or legally binding investment of any kind. Platform users are granted Redenom (NOM) Tokens as a result of free-of-charge issue. Thus, Redenom (NOM) Tokens are not designed for investment purposes and should not be considered as a type of investment, as may be defined by any national legislation.
Although the Musqogee/Redenom team will do its best to proceed with the project Redenom and complete it at the best of its ability, unforeseen circumstances might not allow the completion of the project in whole or in part.
Status of Redenom (NOM) Tokens
Redenom (NOM) Tokens do not entail any express or implied rights, uses, purposes, attributes, functionalities or features, except those that are provided by Platform and this Agreement.
Value of Redenom (NOM) Tokens
Holders acknowledge, understand and agree the Redenom (NOM) Tokens may have no real value that can be neither calculated nor expressed in any material equivalent.
5.2. Token Circulation
Each Platform user can obtain Redenom (NOM) Tokens several ways:
- by means of initial free-of-charge issue and/or
- by acquiring tokens from other users on the free market, on crypto exchanges or directly from each other. The price of Redenom (NOM) Tokens in such cases will be determined by demand, supply and the process of Token Redenomination, described on the following link: https://redenom.com/info/faq/what-is-the-redenomination-process/
5.3. Redenom DAO FUND
The Redenom DAO FUND is created by means of a supplementary issue of Redenom (NOM) Tokens, proportionate to the issue of Redenom (NOM) Tokens to each user.
the Redenom DAO FUND is designed for the funding of startup projects, registered with the system by users and selected by means of collective blockchain voting on the Platform.
The management and control of the Redenom DAO FUND, aimed at implementing the user’s intent expressed by means of the voting, shall be accomplished by Musqogee. Should such legal requirements arise, Musqogee shall entrust such administration to a duly qualified and authorized third party.
6. Representations, Warranties, and Risks
6.1. Warranty Disclaimer
You expressly understand and agree that your use of the Platform is at your sole risk. The Platform (including the Platform and the Content) are provided on an "AS IS" and "as available" basis, without warranties of any kind, either express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose or non-infringement. You acknowledge that Musqogee/Redenom has no control over, and no duty to take any action regarding: which users gain access to or use the Platform; what effects the Content may have on you; how you may interpret or use the Content; or what actions you may take as a result of having been exposed to the Content. You release Musqogee/Redenom from all liability for you having acquired or not acquired Content through the Platform. Musqogee/Redenom makes no representations concerning any Content contained in or accessed through the Platform, and Musqogee/Redenom will not be responsible or liable for the accuracy, copyright compliance, legality or decency of material contained in or accessed through the Platform.
6.2 Sophistication and Risk of Cryptographic Systems
By utilizing the Platform or interacting with the Content or platform in any way, you represent that you understand the inherent risks associated with cryptographic systems; and warrant that you have an understanding of the usage and intricacies of native cryptographic tokens, like Ether(ETH) and Redenom (NOM), smart contract based tokens such as those that follow the Ethereum Token Standard (https://github.com/ethereum/EIPs/issues/20), and blockchain-based software systems.
6.3 Risk of Regulatory Actions in One or More Jurisdictions
Redenom (NOM) and ETH could be impacted by one or more regulatory inquiries or regulatory action, which could impede or limit the ability of Musqogee/Redenom to continue to develop, or which could impede or limit your ability to access or use the Platform or Ethereum blockchain.
Musqogee/Redenom must comply with applicable law. We comply with all legal requests for information, and reserve the right to provide information, including Project Information, to law enforcement personnel and other third parties to answer inquiries, to respond to legal process, to respond to the order of a court of competent jurisdiction and those exercising the court’s authority and to protect the Musqogee/Redenom and our Users.
6.4 Risk of Weaknesses or Exploits in the Field of Cryptography
You acknowledge and understand that Cryptography is a progressing field. Advances in code cracking or technical advances such as the development of quantum computers may present risks to cryptocurrencies and Platform, which could result in the theft or loss of your cryptographic tokens or property. To the extent possible, Musqogee/Redenom intends to update the protocol underlying Platform to account for any advances in cryptography and to incorporate additional security measures, but does not guarantee or otherwise represent full security of the system. By using the Platform or accessing Content, you acknowledge these inherent risks.
Operation of Underlying Protocols
We do not own or control the underlying software protocols that govern the operation of Tokens referenced on the Site. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. By accessing or using the Platform, you acknowledge and agree (i) that we are not responsible for operation of the underlying protocols and that we make no guarantee of their functionality, security, or availability; and (ii) that the underlying protocols are subject to sudden changes in operating rules (a/k/a “forks”), and that such forks may materially affect the value, function, and/or even the name of the Token referenced on the Site.
In the event of a fork, you agree that we may temporarily suspend our operations (with or without advance notice to you) and that we may, in our sole discretion, decide whether or not to support (or cease supporting) either branch of the forked protocol entirely. You acknowledge and agree that we assume absolutely no responsibility whatsoever in respect of an unsupported branch of a forked protocol.
6.5 Volatility of Crypto Currencies
You understand that Redenom (NOM), Ethereum and other blockchain technologies and associated currencies or tokens are highly volatile due to many factors including but not limited to adoption, speculation, technology and security risks. You also acknowledge that the cost of transacting on such technologies is variable and may increase at any time causing impact to any activities taking place on the Ethereum blockchain. You acknowledge these risks and represent that Musqogee/Redenom cannot be held liable for such fluctuations or increased costs.
6.6 Application Security
You acknowledge that Ethereum applications are code subject to flaws and acknowledge that you are solely responsible for evaluating any code provided by the Platform or Content and the trustworthiness of any third-party websites, products, smart-contracts, or Content you access or use through the Platform. You further expressly acknowledge and represent that Ethereum applications can be written maliciously or negligently, that Musqogee/Redenom cannot be held liable for your interaction with such applications and that such applications may cause the loss of property or even identity. This warning and others later provided by Musqogee/Redenom in no way evidence or represent an on-going duty to alert you to all of the potential risks of utilizing the Platform or Content.
6.7 Rules of Conduct
In connection with the Platform, User must not:
- Post, transmit or otherwise make available through or in connection with the Platform any materials that are or may be:
- illegal/non compliant and or threatening, harassing, degrading, hateful or intimidating, or otherwise fail to respect the rights and dignity of others;
- defamatory, libelous, fraudulent or otherwise tortious;
- obscene, indecent, pornographic or otherwise objectionable; or (d) protected by copyright, trademark, trade secret, right of publicity or privacy or any other proprietary right, without the express prior written consent of the applicable owner.
Notwithstanding the foregoing, and subject to compliance with applicable law and any instructions posted in the robots.txt file located in the Site’s root directory, Musqogee/Redenom grants to the operators of public search engines permission to use spiders to copy materials from the Platform for the sole purpose of (and solely to the extent necessary for) creating publicly available, searchable indices of such materials, but not caches or archives of such materials.
Musqogee/Redenom’s reserves the right to revoke such permission either generally or in specific cases, at any time and without notice.
Redenom allows startup project creators to submit project ideas for review and analysis by the Redenom moderators and users. Users can review project details, provide feedback, and vote for a project. In case it receives most votes the project shall qualify for funding from the Redenom DAO FUND.
By registering projects with the Platform, Users grant to us the right to provide information to Platform users and other third parties. We do not guarantee the identity of any provider or receiver of project information, or the accuracy, validity, timeliness, completeness, reliability, integrity, quality, legality, usefulness or safety of project information or any project.
As a result of project submission, the creator is granted the right to partake in the general voting and selection of the project for subsequent funding from the Redenom DAO FUND.
Should a project be selected for funding, it shall be subject to additional procedures meant to ensure the management and control of the funding process and of project realization in accordance with the declared profile.
Should material breaches by the creator and its team of this terms be established, the funding may be suspended at any time.
The project designated for funding from the Redenom DAO FUND must undertake a tokenization, wherby up to 20% of all tokens issued within such project shall be distributed between the users of the Platform, the creator (project owner) shall be attributed up to 30% and Musqogee shall received not less than 50%, which it can assign, at its own discretion, for the increase of the Redenom DAO FUND or for its own needs.
Sunultaneously with the tokens issued within the framework of the startup project, Musqogee may also demand from the creator a share in the company to be created for the purpose of implementing the project. In such case, the parties must come to a mutually-profitable agreement in respect of the amount and terms of such participation of Musqogee.
Further, by sharing Project Information through the Platform, you represent and warrant that:
- The Tokens exchanged in a Project will be used only in a lawful manner.
- In connection with a Project, you will only sell legally-obtained Tokens that belong to you.
- You will maintain an adequate balance and/or sufficient credit limits in order to avoid mispayment in connection with the Project Rewards.
- You will not engage in, further, perform, undertake, aid or abet in any unlawful activity (including but not limited to illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data or the financing of terrorism, intellectual property infringement, or violent or abusive activities) (“Prohibited Activity”) through the Projects or use of the Platform. We reserve the right to refuse to publish, post or otherwise make available any Project Information if we suspect that the applicable Projects relate to or have a high risk of relating to a Prohibited Activity, or if we believe the Project Information is erroneous.
- You will obey all applicable laws in connection with Projects.
- You are not located in, under the control of, or a national or resident of any country to which the United States has embargoed goods or services. You are not and have not been placed on the “Specially Designated Nationals and Blocked Persons List” by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.
- You are not and have not been placed on the “Denied Persons List” by the Bureau of Industry and Security of the United States Department of Commerce.
- You will not use the Platform if the laws of your country prohibit you from doing so in accordance with this Agreement.
You agree to pay all Fees (as defined below) and other amounts incurred by you or on your behalf through the Platforms, at the prices in effect when such charges are incurred. In addition, you are responsible for any taxes applicable to your Project.
You acknowledge and agree that we have no control over, or liability for, the delivery, quality, safety, legality or other aspect of any Tokens that you may purchase or sell to or from a third party, and that we are not responsible for ensuring that a buyer or seller with whom you transact actually completes the Project or is authorized to do so. If you experience a problem with any Tokens purchased from or sold to a third party through a Project, you bear the entire risk.
8. Limitation on liability
YOU ACKNOWLEDGE AND AGREE THAT YOU ASSUME FULL RESPONSIBILITY FOR YOUR USE OF THE SITE AND SERVICE. YOU ACKNOWLEDGE AND AGREE THAT ANY INFORMATION YOU SEND OR RECEIVE DURING YOUR USE OF THE SITE AND PLATFORM MAY NOT BE SECURE AND MAY BE INTERCEPTED OR LATER ACQUIRED BY UNAUTHORIZED PARTIES. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE SITE AND PLATFORM IS AT YOUR OWN RISK. RECOGNIZING SUCH, YOU UNDERSTAND AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER MUSQOGEE/REDENOM NOR ITS SUPPLIERS OR LICENSORS WILL BE LIABLE TO YOU FORANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR OTHER DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER TANGIBLE OR INTANGIBLE LOSSES OR ANY OTHER DAMAGES BASED ON CONTRACT, TORT, STRICT LIABILITY OR ANY OTHER THEORY (EVEN IF WINGS HAD BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM THE SITE OR PLATFORM; THE USE OR THE INABILITY TO USE THE SITE OR PLATFORM; UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SITE OR PLATFORM; ANY ACTIONS WE TAKE OR FAIL TO TAKE AS A RESULT OF COMMUNICATIONS YOU SEND TO US; HUMAN ERRORS; TECHNICAL MALFUNCTIONS; FAILURES, INCLUDING PUBLIC UTILITY OR TELEPHONE OUTAGES; OMISSIONS, INTERRUPTIONS, LATENCY, DELETIONS OR DEFECTS OF ANY DEVICE OR NETWORK, PROVIDERS, OR SOFTWARE (INCLUDING, BUT NOT LIMITED TO, THOSE THAT DO NOT PERMIT PARTICIPATION IN THE SERVICE); ANY INJURY OR DAMAGE TO COMPUTER EQUIPMENT; INABILITY TO FULLY ACCESS THE SITE OR PLATFORM OR ANY OTHER WEBSITE; THEFT, TAMPERING, DESTRUCTION, OR UNAUTHORIZED ACCESS TO, IMAGES OR OTHER CONTENT OF ANY KIND; DATA THATIS PROCESSED LATE OR INCORRECTLY OR IS INCOMPLETE OR LOST; TYPOGRAPHICAL, PRINTING OR OTHER ERRORS, OR ANY COMBINATION THEREOF; OR ANY OTHER MATTER RELATING TO THE SITE OR PLATFORM. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
9. Our Proprietary Rights
All title, ownership and intellectual property rights in and to the Service are owned by Musqogee/Redenom or its licensors. You acknowledge and agree that the Service contains proprietary and confidential information that is protected by applicable intellectual property and other laws. Except as expressly authorized by Musqogee/Redenom, you agree not to copy, modify, rent, lease, loan, sell, distribute, perform, display or create derivative works based on the Platform, in whole or in part. Musqogee/Redenom issues a license for Musqogee/Redenom, found here.
The Service provides, or third parties may provide, links to other World Wide Web or accessible sites, applications or resources. Because Musqogee/Redenom has no control over such sites, applications and resources, you acknowledge and agree that Musqogee/Redenom is not responsible for the availability of such external sites, applications or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites orresources. You further acknowledge and agree that Musqogee/Redenom shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.
11. Termination and Suspension
Musqogee/Redenom may terminate or suspend all or part of your Platform access immediately, without prior notice or liability, if you breach any of the terms or conditions of the Terms. Upon termination of your access, your right to use the Platform will immediately cease.
The following provisions of the Terms survive any termination of these Terms: INDEMNITY; WARRANTY DISCLAIMERS; LIMITATION ON LIABILITY; OUR PROPRIETARY RIGHTS; LINKS; TERMINATION; NO THIRD PARTY BENEFICIARIES; BINDING ARBITRATION AND CLASS ACTION WAIVER; GENERAL INFORMATION.
12. No Third Party Beneficiaries
You agree that, except as otherwise expressly provided in these Terms, there shall be no third party beneficiaries to the Terms.
13. Notice and Procedure For Making Claims of Copyright Infringement
If you believe that your copyright or the copyright of a person on whose behalf you are authorized to act has been infringed, please provide Musqogee/Redenom’s Copyright Agent a written Notice containing the following information:
- an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright or other intellectual property interest;
- a description of the copyrighted work or other intellectual property that you claim has been infringed;
- a description of where the material that you claim is infringing is located on the Platform;
- your address, telephone number, and email address;
- a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
- a statement by you, made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright or intellectual property owner or authorized to act on the copyright or intellectual property owner's behalf.
Musqogee/Redenom’s Copyright Agent can be reached at:
14. Binding Arbitration and Class Action Waiver
PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOURLEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT
14.1 Initial Dispute Resolution
The parties shall use their best efforts to engage directly to settle any dispute, claim, question, or disagreement and engage in good faith negotiations which shall be a condition to either party initiating a lawsuit or arbitration.
14.2 Binding Arbitration
If the parties do not reach an agreed upon solution within a period of 30 days from the time informal dispute resolution under the Initial Dispute Resolution provision begins, then either party may initiate binding arbitration as the sole means to resolve claims, subject to the terms set forth below. Specifically, all claims arising out of or relating to these Terms (including their formation, performance and breach), the parties’ relationship with each other and/or your use of the Platform shall be finally settled by binding arbitration administered by the Netherlands Arbitration Institute in accordance with the Arbitration Rules of the Netherlands Arbitration Institute, excluding any rules or procedures governing or permitting class actions.
The arbitrator, and not any federal, state or local court or agency, shall have exclusive authority to resolve all disputes arising out of or relating to the interpretation, applicability, enforceability or formation of these Terms, including, but not limited to any claim that all or any part of these Terms are void or voidable, or whether a claim is subject to arbitration. The arbitrator shall be empowered to grant whatever relief would be available in a court under law or in equity. The arbitrator’s award shall be written, and binding on the parties and may be entered as a judgment in any court of competent jurisdiction.
The parties understand that, absent this mandatory provision, they would have the right to sue in court and have a jury trial. They further understand that, in some instances, the costs of arbitration could exceed the costs of litigation and the right to discovery may be more limited in arbitration than in court.
Binding arbitration shall take place in Rotterdam, Netherlands.
14.4 Class Action Waiver
The parties further agree that any arbitration shall be conducted in their individual capacities only and not as a class action or other representative action, and the parties expressly waive their right to file a class action or seek relief on a class basis.
YOU AND WINGS AGREE THATEACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUALCAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASSOR REPRESENTATIVE PROCEEDING.
If any court or arbitrator determines that the class action waiver set forth in this paragraph is void or unenforceable for any reason or that an arbitration can proceed on a class basis, then the arbitration provision set forth above shall be deemed null and void in its entirety and the parties shall be deemed to have not agreed to arbitrate disputes.
14.5 Exception - Litigation of Intellectual Property and Small Claims Court
Notwithstanding the parties' decision to resolve all disputes through arbitration, either party may bring an action in state or federal court to protect its intellectual property rights ("intellectual property rights" means patents, copyrights, moral rights, trademarks, and trade secrets, but not privacy or publicity rights). Either party may also seek relief in a small claims court for disputes or claims within the scope of that court’s jurisdiction.
15. General Information
15.1 Entire Agreement
These Terms (and any additional terms, rules and conditions of participation that Musqogee/Redenom may post on the Platform) constitute the entire agreement between you and Musqogee/Redenom with respect tothe Platform and supersedes any prior agreements, oral or written, between you and Musqogee/Redenom. In the event of a conflict between these Terms and the additional terms, rules and conditions of participation, the latter will prevail over the Terms to the extent of the conflict.
15.2 Waiver and Severability of Terms
The failure of Musqogee/Redenom to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. If any provision of the Terms is found by an arbitrator or court of competent jurisdiction to be invalid, the parties nevertheless agree that the arbitrator or court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms remain in full force and effect.
15.3 Statute of Limitations
You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to the use of the Platform or the Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.
15.4 Section Titles
The section titles in the Terms are for convenience only and have no legal or contractual effect.
Users with questions, complaints or claims with respect to the Service may contact us using the relevant contact information set forth above and email@example.com.