FloraChain Terms and Conditions
Purchasers of the FloraChain product-use tokens receive a perpetual, fully paid-up license to use the FloraChain network. Title and ownership of all software and all related documentation and support structure resides in FloraChain. FloraChain reserves the right to adjust the amount of network capacity, and the number of transactions allocated to each FLORA token, using reasonable efforts to maintain efficient FLORA network operation and avoid over-capacity. Our sale of product-use tokens is not a solicitation of investments. Purchases of our product-use tokens should be based on each purchaser’s evaluation of our products and each purchaser’s intended use and development of those products. Our products are offered “AS IS” — purchasers make their own judgments based on the beta versions and documentation for the products. We make no warranties, and we expressly disclaim all warranties, express or implied, including the warranties of merchantability, fitness for a particular purpose, and non infringement. We cannot guarantee against service interruptions or make warranties about the Ethereum network. Purchasers are responsible for consulting their own country’s laws and regulations.
Similar to any business, there are risks involved. While FloraChain has done the best of their ability to disclose potential risks, there may be unforeseen or unforeseeable risks that could also significantly impact FloraChain and FLORA. FloraChain does not present that this Whitepaper discloses all risks and other significant aspects of FLORA, including risks which may be personal to participants and thus unknown to
FloraChain. The realization of any one or more of the risks described in this Whitepaper or other risks whether unforeseen or unforeseeable, could significantly reduce or eliminate the value of FLORA.
Interested parties who do not fully understand or are not comfortable with any of the risks described in this Whitepaper should consult their legal, commercial, financial, tax or other professional advisors — otherwise, they should not participate in the FloraChain token sale.
To the maximum extent permitted by all applicable laws and regulations, FloraChain and its’ affiliates and their founders, directors, officers, employees, advisors, agents and representatives shall not be liable for any direct or indirect loss of revenue, income, profits, business, business opportunity, anticipated savings, data, reputation, goodwill or any indirect, special, incidental, reliance, consequential, punitive, or other losses or damages of any kind, in tort, contract, strict liability, or otherwise, arising out of or in connection with any loss or damage of a participant relating to the risks associated with the token sale or in connection with erroneous or insufficient consultation with or advice received from any advisor — even if FloraChain has been advised of the possibility of such losses or damages.
As a consequence of the realization of one or more of the other risks in this Whitepaper or of risks not described in this Whitepaper, FloraChain business could fail and FloraChain platform could be wound up or dissolved. If FloraChain platform’s business fails and it is not transferred to and operated by another company, FloraChain would terminate and any FLORA would have no utility or value. FloraChain does not commit that it can or will transfer to another company if its business fails. If FloraChain does transfer to another company, FloraChain does not commit that the other company will operate FloraChain to an investor’s satisfaction or at all, or will accept FLORA for use in FloraChain
FloraChain management may fail to manage its staffing, finances, facilities, information, technology and other resources to develop, operate, maintain, support, improve, market and sell the FloraChain platform, or to manage the growth of FloraChain or its business, or to adapt the FloraChain platform or its business to changes in technology or the markets in which it operates, or to identify and quickly respond to the risks described in this Whitepaper or otherwise — the realization of any or all of which could adversely affect FloraChain.
FloraChain was developed with specific goals as outlined in this Whitepaper. However, the success of FloraChain will also be highly dependent on many aspects including:
- Hiring top notch engineers to continue the development of FloraChain network
- Adoption rate of FloraChain across the global floral industry
- Continued usage of the FloraChain and support of FLORA token
- Failure of the Flora Laguna to maintain liquidity due to extreme price volatility
If the business model of FloraChain is flawed, or if the assumptions underlying that business model are incorrect, FloraChain may underperform or fail. FloraChain will — at their discretion — make business decisions that may change or differ from the original plan. This can be a result of market changes or new technological threats. Any such changes to the business model of FloraChain may fail to achieve their purpose and could adversely affect FloraChain.
FloraChain will depend on the proceeds of the token sale to fund its operations until such a time, if ever, that FloraChain earns sufficient revenue from users of FloraChain. If for any reason FloraChain’s funds are not sufficient to sustain its operations, FloraChain may have to reduce or suspend its operations, which would adversely affect FloraChain’s ability to develop and operate at the intended level or at all.
While FloraChain is committed to delivering on their promised results and the founding team’s compensation is tied to meeting milestones, there may be unforeseen delays that can affect the adoption of FloraChain ecosystem.
FAILURE TO DELIVER
While operating under good faith, due to unforeseen circumstances or poor decisions, FloraChain may fail to deliver on launching a platform that supports all the features mentioned in this Whitepaper or any at all. As such, FLORA tokens may not have the utility as described in this Whitepaper, potentially affecting its value.
THIRD PARTY FAILURE
FloraChain is built on the Ethereum network and if those core technologies do not perform according to FloraChain’s needs or expectations, have bugs or security vulnerabilities that are not or cannot be fixed, become unstable, degraded, or unavailable, are changed or forked in a way that is incompatible with FloraChain, or are not further developed or supported, FloraChain may be required to change the specifications of FloraChain and to reduce or eliminate features and functions that are important or to discontinue FloraChain.
The FLORA tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. This Whitepaper does not constitute or form part of any opinion or any advice to sell or any offer by the distributor/vendor of the FLORA to purchase any FLORA nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the FLORA and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper. No regulatory authorities as examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with FloraChain and their respective businesses and operations, the FLORA and the FLORA token sale. This Whitepaper, any part thereof or any copy thereof must not be taken or transmitted to any country where the distribution or dissemination of this Whitepaper is prohibited or restricted.
DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, FloraChain shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you.
NO REPRESENTATIONS AND WARRANTIES
FloraChain does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
This Whitepaper may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. We use words such as “expects,” “anticipates,” “believes,” “estimates,” the negative of these terms and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of FloraChain to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.
No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding FloraChain or FLORA token. You should consult your own legal, financial, tax or other professional adviser regarding FloraChain or FLORA token and their respective businesses and operations. You should be aware that you may be required to bear the financial risk of any purchase of FLORA for an indefinite period of time.
RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION
The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof at your own expense and without liability to FloraChain. Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.
NO OFFER OF SECURITIES OR REGISTRATION
This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
NO GOVERNANCE RIGHTS
FLORA confers no governance or similar rights with respect to the FloraChain platform. FloraChain will, at its discretion, make all decisions concerning its business. These decisions may be to fork or discontinue FloraChain; to change pricing, scope, or feature of FloraChain; to subcontract or outsource the development, maintenance, support, and operation of FloraChain; to sell FloraChain; and to sell, merge, or liquidate FloraChain, any of which decisions may not be consistent with a participant’s expectations or interests.