Legal Disclaimer concerning Passive Coin project
Passive Coin Token Ownership
- Passive Coin is available for residents in countries where, is not prohibited by local law.
- There are approximately 200 countries around the world with the different legal systems. We are simply unable to follow all the changes in the local law.
- Passive Coin is token based on Ethereum blockchain technology, otherwise called crypto-technology, crypto-currency or similar description.
It's your responsibility to check your local law whether ownership of Ethereum based tokens is not prohibited by law, in your present country of residence.
Passive Coin Initial Sale Rounds
- We are going to conduct some series of Passive Coin initial sale rounds.
- The purchase price will be announced before each sale round and is available on our website www.passivecoin.org. We will accept Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC), as a payment.
- All proceeds from each sale round will increase our Backing Fund, composed of various top crypto-currencies, tokens and digital assets.
- Citizens and/or residents from the United States, the United Kingdom, Singapore and People's Republic of China are excluded from Passive Coin tokens initial public sale rounds.
- You are only allowed to purchase Ethereum-based tokens called Passive Coin, if and by buying Passive Coin tokens you covenant, represent, and warrant that you are neither a U. S. citizen or permanent resident of the United States, Puerto Rico, the U. S. Virgin Islands, and any other possessions of the United States.
- Passive Coin token creator reserve the right to refuse selling Passive Coin tokens to anyone (in our sole discretion) who does not meet criteria necessary for their buying.
- We do not accept crypto-currencies (as a payment) that came from any crime activity, money laundering schemes or any other illegal activity.
- Crypto-currency (like Passive Coin token) should not be considered the traditional investment.
Passive Coin Free Giveaways
- We are going to conduct some series of Passive Coin free giveaways to please early-adopters, crypto-enthusiasts, interested persons, etc. that would like to see our coin, as valuable addition to their crypto-portfolios.
- We do not restrict free giveaways to any geo-locations or by any other mean. You can opt and ask to receive free Passive coins by providing your Ethereum wallet that can store tokens.
- In order to receive free coins, we could ask you to conduct some kinds of social media activity tasks, like placing Facebook post and/or graphic, or other similar fair social media activity. This tasks or activity are restricted only to promote Passive Coin.
We will never ask you to promote third party services/products.
- We do not force any person to conduct mentioned above tasks or activity. You can opt or choose to not ask/receive free Passive coins. It's yours free will.
"Know Your Customer" Procedures
- Passive Coin is a token build on Ethereum based network. The nature of blockchain technology allow P2P transactions between independent wallets owners.
We are unable to follow or track enormous number of transactions on the Ethereum network and we are unable to identify owners of the wallets that are involved in such transactions.
- We do not plan to implement any collection of personal data concerning ownership of our Passive Coin token. As a small venture, we have no resources to implement full KYC procedures.