Kryptopy’s Legal Information
Legal name: Kryptopy Inc.
Business Number (#BN): 795562115
Business registration url: Corporation Canada
HQ Province: Alberta, Canada
Owners: Nicolas Cloutier & Cody McBryan
The Kryptopy Token
Exchange: 0X Protocol, Bittrex (in the work exp. Q2 2018)
Total Supply: 40,000,000 KPY
Developmental fund: 5,000,000 KPY
Pre ICO Supply: 5,000,000 KPY
ICO Supply: 30,000,000 KPY (and any remaining from Pre ICO supply)
Pre-ICO Price: 0.0022 ether per KPY (ICO Price – 32.5%)
ICO Price: 0.005 ether per KPY
Pre-ICO Rebate: 32.5%
Compatibility: ERC20, 0X Protocol (in process)
Smart Contract: YES
Unlike regular FIAT, the KPY token is not insured by any legal or financial authorities. Contributing to the Kryptopy’s ICO or Pre-ICO like with any other crowdfunding campaigns of this nature does not allow one to ownership in Kryptopy’s or holding of shares; or voting right; or any other corporate rights such as profit sharing or anything else similar in that matter.
The Kryptopy Token may increase or lower in value overtime depending on its environment and its usage on the Kryptopy’s network. KPY Token owners only guarantee is to hold the value of such token at the time of its holding.
Contributing in the KPY Token has its risks and must be considered like any other contribution of this nature as is. There is and will never be any guarantee of performance, of profit sharing or speculation from Kryptopy’s about the KPY Token value at any time.
TERMS OF SALE
Everyone is allowed as a contributor during the pre-sale stage as long as they meet the following criteria’s:
Are willing to invest the minimum of 0.1 ether and a Maximum of 10 ether;
The contributor must be aware that the contribution to the pre-sale does not mean that profits will be made; at the time of this writing, the KPY token is not a security and cannot directly return profits to the investors
INSTITUTIONAL AND SOPHISTICATED INVESTORS
If you are considered a sophisticated investor, are representing a venture capitalist firm or are interested to contribute more than 10ETH into Kryptopy?
We will not take contributions higher than 10 ether through our normal pre-sale platform for legal concerns. However, if you strongly believe in our project and would be interested to contribute more, we will be more than happy to discuss with you. Feel free to contact us at : email@example.com. We are very pro-active and will respond to you the same day on normal business hours.
REFUNDS & CONTRIBUTIONS STORAGE
The token’s pre-sale is managed by Smart Contracts on the Ethereum network. The same contract will process the pre-sale contribution without any human interaction for the pre-sale.
All contributions will be locked into a VAULT on the blockchain that will not be available to anyone until the pre-sale is over and the objective is met.
It is the legal and moral responsibility of the citizens of any country to respect the laws of their jurisdiction. International laws are complicated and varies from country to country. Kryptopy is advising every contributor to be aware of their local laws before considering any contribution in Kryptopy pre-sale, sale or any other contribution to a 3rd party in that matter. In the event that foreign authorities enter in contact with Kryptopy, we will fully collaborate with them. We cannot stress enough the importance of compliance to your local authorities, any consequences that may result of the non-compliance to your local authorities may result in financial lost, legal penalties, fines or other penalties that are in place in such case. Kryptopy cannot be responsible for any consequences that occur from a citizen of a foreign country not respecting the laws of their local authorities.
NO SECURITIES REGULATORY AUTHORITY HAS EXPRESSED AN OPINION ABOUT THE KPY TOKEN. THE KPY TOKEN MAY AT A LATER TIME BE CONSIDERED A SECURITY TO THE SOLE DISCRETION OF THE REGULATORY AUTHORITY. TO CLAIM THAT THE KPY TOKEN IS A SECURITY IS AN OFFENSE UNTIL CONSIDERED A SECURITY BY THE REGULATORY AUTHORITY.
KPY IS NOT A SHARE, VOTING RIGHT OR OWNERSHIP OF ANY PART WHATSOEVER OR RIGHT TO CONTROL.