The BitDegree platform will offer students the best online courses with a clear and transparent blockchain based reward system and achievement tracking. It is also a unique tool for businesses to recruit tech talent and shape global education to their needs. Think of it as Coursera and HackerRank merged together, powered by the decentralized blockchain technology.
BITDEGREE TOKEN ECONOMY
BitDegree will revolutionize education by creating a new token that can be exchanged among the users of the platform: Students, Sponsors, and third parties.
01. Companies as Sponsors are the main fuel for a sustainable BitDegree economy. The economic incentive for Sponsors to buy BitDegree tokens is recruiting tech talent, enhancing employer branding and advertising.
02. BitDegree tokens can be used for creating smart-incentives as payment for scholarships for students’ educational accomplishments, which can be used for getting various digital services offered by third parties on their platforms in exchange for tokens.
03. Sponsors as well as students will be able to exchange and redeem their tokens in a wide network of industry partners or swap them for digital goods and services. The potential of BitDegree Token demand is closely aligned with the gargantuan $200 billion recruitment industry. Limited supply of tokens ensures a growing demand for the BitDegree platform’s services in the foreseeable future.
BitDegree is the world's first blockchain-powered, smart-incentives based online education platform, revolutionizing global education and tech recruiting.
Smart-incentive is a smart contract on Ethereum network ensuring the exchange of tokens between a sponsor (the Incentive Creator) and a student (the Incentive Receiver), who commits to study a specific subject in order to receive tokens (the Incentive).
BitDegree platform offers engaging online courses with a clear and transparent blockchain-based reward system and personalized achievement tracking. Smart-incentives will become a unique tool for businesses to recruit tech talent and shape global education. Think about it as Coursera and HackerRank merged together, powered by decentralized blockchain technology.
The Token sale offers the same rules and opportunities for everyone. All discounts are public, there will be no hidden bonuses or secret deals.
BitDegree token is a utility token. We are based in Lithuania, Europe, (LLC Company) and have an official confirmation from the Central Bank of Lithuania regarding the ICO.
Smart Contract is open source and available for everyone on Github. There are no hidden rules or possibilities. The participants will receive their tokens instantly after payment.
Let us introduce you to the key people that will make it all possible.
The Technology Wiz & CEO of BitDegree. 11 years in software engineering. Blockchain evangelist. Person behind the success of 000webhost - world’ first and biggest free cloud hosting platform designed for learning, testing and experimenting. His way-ahead-of our-time mindset and passion for technologies led him to become the CEO and one of the founding members of BitDegree where, on the long term, he aims to revolutionize education and shape it to today’s businesses needs.
Former Senior Manager at Coursera, Product and Strategy Advisor
Entrepreneur and Growth Product Management lead at Coursera. Roberto played an important role in helping Coursera scale globally and acquire over 27 million learners worldwide. Prior to joining Coursera, Roberto was responsible for leading the Growth team at Zendesk (NYSE: ZEN), a customer service software provider, where he helped grow the number of paying customers by 60%. Before Zendesk, Roberto was a Senior Engineer at Royal Dutch shell where he led a team responsible for $400M in revenue. Roberto has three engineering degrees with honors and an MBA from Stanford University.
Serial Entrepreneur, co-founder of EA, Major Advisor
Technology executive, investor, and former Executive Director at Skydeck - UC Berkeley’s startup incubator. Jeff has over 37 years of experience managing, investing, and advising growing enterprises. Jeff was part of EA’s founding team, where he led EA’s international expansion and worldwide marketing. Prior to EA, Jeff was an International Marketing Manager at Atari. Jeff is a sought-after speaker and thought leader in entrepreneurship, blockchain, and virtual reality. Jeff has a BA and MBA from Stanford University.
CEO - Hostinger,
Co-founder in advisory capacity
CEO - Hostinger,
Co-founder in advisory capacity
Prior to taking the role of the CEO,
For 6 years Arnas was responsible for business development at Hostinger. He successfully expanded Hostinger on a global level as well as played in important role when creating one of the most successful web hosting brands in Indonesia - Niagahoster.co.id. With his profound entrepreneurship skills and a solid experience in business development, Arnas knows how to scale a project to global success.
Steve JobsSchool Founder, Personalized Learning Advisor
Steve JobsSchool Founder, Personalized Learning Advisor
A successful entrepreneur and founder of Steve JobsSchool - a modern elementary school concept designed to see each child as an individual and nurture him based on his strengths and interests. This learning model quickly became successful and is already adopted in more than 35 schools in the Netherlands. Being the pioneer of innovative learning ensures the implementation of modern educational solutions on the Bitdegree platform on the long term that will establish a solid foundation for IT passionate people to reach their full potential.
Stanford University PhD., Gamification Advisor
Stanford University PhD., Gamification Advisor
Currently a candidate for PhD. at Stanford University, James main focus is to deeply engage players for the purpose of increasing workplace, classroom, and similar forms of individual and team-based productivity. He is currently involved in projects assessing the effects of real social interaction in virtual spaces concerning primarily energy efficiency behaviors, gender and culture specific responses, and the physiological impact of social interactions in goal-oriented game environments. Having a profound experience in gamification and working with companies that created such games as Tetris, Civilization, Falcon Flight Simulator, led him to joining the BitDegree team and assures a deeply engaging environment of the platform on the long term.
Founder of Nexchange.io,
Founder of Nexchange.io,
Oleg is a Crypto-economy focused entrepreneur, founder of Nexchange.io and an Israeli startup ecosystem veteran. He is a strong IT professional with a proven track record of over a decade in the tech and startup industry, including in such companies like Rocket Internet. His passion lies in crypto-economy and he will advise BitDegree on these matters.
Balys is leading the engineering team at the BitDegree project. He is a certified expert in distributed technologies - big data field. He has vast experience with Hadoop and Cassandra ecosystems. He has consulted and helped many Fortune 500 companies with their big data architecture. Balys has a long running background in Linux and software engineering, holds a degree in Applied Mathematics.
CTO at Hostinger. Previously, the Senior IT engineer and Head of Network Operations Center at Cgates. Building and maintenance servers infrastructure - Mail (Postfix, Dovecot), Web(Nginx, Apache, PHP, MySQL, PostgreSQL), Monitoring (Cacti, Nagios), DNS, DHCP, VPN (IPsec, L2TP, OpenVPN, PPtP), Squid, Asterisk, DirectAdmin and WHM/cPanel web hosting control panels. Linux distributions: CentOS, Debian, Gentoo, Fedora, Ubuntu. Virtualization: VMware ESXi, OpenVZ is just part of his daily routine. Antanas ensures spotless development of the BitDegree platform itself on the long term.
Lead Systems Engineer
Lead Systems Engineer
Donatas Specialities include: system performance debugging (perf, gdb, sysdig, systemtap, [slf]trace, eBPF), network performance, Linux kernel, BGP, high performance systems, high availability, data center networking, automation, IPv6, Anycast, ECMP, everything else related with higher than medium scale. Donatas motto: “Slow is the new down.” Bringing his high-scale performance mind set to BitDegree, Donatas ensures BitDegree’s top-notch performance.
Smart Contract Developer
Smart Contract Developer
Blockchain Geek and Hi-Tech Engineer - brings his technological cryptocurrency genius to BitDegree. Being a tech enthusiast, he stepped into his developer career at a very young age. Martynas freelanced and worked with a wide range of projects, including: IoT devices and automation, analytics service for VoIP and managed a team of customer service representatives and fraud prevention managers for an online game. Taking the position of Smart Contract developer Martynas ensures smooth BlockChain technology implementation and ongoing development of the decentralized project.
Ervinas is a professional lawyer and legal cryptocurrency adviser with 11+ years of experience. Working in prestigious offices, he played an important role by contributing to the formation of the jurisprudence in governmental level in the areas of trademarks and other related matters. Now Ervinas is bringing his expertise into the fast evolving cryptocurrency market and ensures spotless implementation, takes care of legal documentation and the safety of transactions.
With more than 14 years of experience in effective customer acquisition fields, working with new brands and startup launches, Rio is a growth-hacking guru & Google Certified Partner who led 000webhost and Hostinger to an international success in more than 40 countries by attracting 29+ millions of new users. He joined the BitDegree project having a strong vision in innovative acquisition channels and a solid experience in growth-hacking. Rio ensures the success of BitDegree on an international level.
Co-founder, CBDO (BizDev)
Co-founder, CBDO (BizDev)
Business, Growth architect with a solid management consulting background. Head of Startup Division / Associate Partner at Civitta, a leading management consulting firm in Eastern Europe. Worked with 300+ startups, including Berkeley Skydeck in Silicon Valley. Founded 4 own startups. Was the official Lithuania’s youth delegate to the UN in 2012 and a member of Major Group for Children and Youth, where he fought for THE education initiatives. Danielius focuses on blockchain-based business models and long-term growth of BitDegree.
Darius is experienced in building successful technology based business, having sold two of his previous start-ups in the past 4 years alone. Using his skills to implement effective marketing strategies, propel execution, and meet deadlines, he has assisted companies operating in the blockchain, fin-tech, robotics and biotech sectors. In the past year Darius has worked with numerous blockchain projects, helping them to develop successful strategies, networking and outcome.
Edgaras specialises in GNU/Linux administration, infrastructure automation, and system engineering. For more than 7 years, Edgaras was a lecturer at Kaunas College, one of the biggest colleges in Lithuania. His lectures covered the GNU/Linux topics. Such profound experience in system engineering as well as educating the young mind ensures that Edgaras knows exactly what IT education should be focused on. Fun fact: Edgaras wrote his master's thesis on log file protection using blockchain, before it was called blockchain.
Our young and talented Project and Business Assistant - Julija. Despite having a degree in IT and Marketing, Julija can’t simply say no to learning and is a self-taught graphic designer who has worked as a freelancer for more than 7 years. Julija joined the BitDegree project as she believes that BitDegree is the answer to empowering people to learn and grow continuously. She knows that passion for IT combined with BitDegree is the global future education model.
Being a quick learner and never saying no to any challenge Šarūnė started her career at Hostinger without any marketing background, yet that didn’t stop her from becoming the leader of a small International Marketing team in less than 1 year. She believes that everything is possible and there is no challenge that is too difficult. Šarūnė joined the BitDegree project and proved that anyone can become a specialist if they’re ready to learn and work hard.
Former freelance illustrator and experienced artist, now a professional UX designer who worked with multiple international web hosting brands, Dovilė helped to successfully launch 65+ international websites. On her free time Dovilė is a passionate gamer and cosplayer. Joining BitDegree combined her two passions and allowed to combine game elements with IT; she is ready to prove that gamification is the key to learning and change the way people understand education.
Rokas is the community manager for BitDegree. Having a broad variety of skills in multiple IT positions has helped him understand and present the vision of BitDegree to the huge and growing BitDegree community. During leisure time Rokas is an ardent gamer and audio specialist. Rokas wholeheartedly believes that education combined with gaming is the future of learning.
Highly qualified software engineer with more than 8 years of experience in the field. Prior to working at BitDegree, Aurimas worked as a developer and software engineer in Cgates - the second biggest cable television and internet provider in Lithuania. Aurimas deep interest in technologies and his profound experience led him to join the BitDegree team to ensure smooth software development of the platform.
Systems Architect -
Systems Architect -
Highly experienced System Architect - DevOps at Hostinger. He is THE master of Linux/UNIX Administration and Automation( RedHat, Centos, Ubuntu, Ansible, Chef, Jenkins and etc.), developing cloud infrastructure designs and implementations and guiding the process from development to operations( Docker, Amazon Web Services (AWS), VMWare, LXD/LXC, Virtuozzo, KVM), queue management, balancers and cache( RabbitMQ, ha-proxy, memcache, etc.) Skirmantas profound expertise plays a major role in stable and smooth BitDegree platform development.
Ričardas is a passionate distributed systems engineer who enjoys sharing his experience and knowledge with others. He is also a Technical Advisor to Mysterium Network – a decentralized VPN on Blockchain. Ričardas is determined on keeping magic out of the systems. He is also the organiser of Erlang workshop/meetup in Vilnius, Lithuania.
TokenLot LLC is not affiliated with any ICO being purchased through our ICO offerings. Our user friendly and secure brokerage offers you a simple way to purchase any ICO token as a third party service. If you would like to purchase any ICO directly through their respective service, please visit their website using the link provided on the respective ICO information page. TokenLot, LLC is a registered entity in the State of Michigan.
TOKEN SALE PARTICIPATION AND USAGE AGREEMENT
WHEREAS, Bitdegree, UAB - Reg: 304617863 - located at Europos pr. 32-4, Kaunas, Lithuania is a BDG token seller and provider of various technology services under the brand name “BitDegree” (hereinafter - "BitDegree", "we", "us");
WHEREAS, you (“you” or the "User”) are an individual or entity that uses BDG currency; WHEREAS, www.BitDegree.org (the "Website") is the official website of BitDegree;
NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants and agreements contained herein, the parties hereby stipulate, agree and enter into the agreement (the "Agreement") as follows:
1.1. Account – online account created by the user at the Website.
1.2. BDG – virtual currency tokens created by BitDegree and known as BDG.
1.3. Blockchain – type of distributed ledger, comprised of unchangeable, digitally recorded, data in packages called blocks.
1.4. Cryptocurrency - is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
1.5. Ethereum – an open blockchain platform at www.ethereum.org.
1.6. Ether – is the name of the cryptocurrency used within Ethereum.
1.7. TOKEN SALE – a restricted initial coin offering by BitDegree to eligible Users regarding purchase of BDG.
1.8. Services – any services provided by BitDegree and/or its affiliates, including the services available to registered Users on the Website.
1.9. Smart Contract - means the Ethereum smart contract.
1.10. Wallet – any type of wallet used for storage of cryptocurrencies.
1.11. Website– Internet www-site located at https://BitDegree.org.
1.12. Whitepaper – the document located at the Website containing the TOKEN SALE conditions and describing BitDegree’s project and business model.
2. SCOPE OF THE AGREEMENT
2.1. This Agreement sets out terms and conditions for participation in TOKEN SALE and usage of BDG.
3. ACCEPTANCE AND CHANGES TO THE AGREEMENT
3.2. This Agreement comes into effect at the moment you visit the Website OR use the Website OR register at the Website.
3.3. BitDegree may change, amend, delete or add to this Agreement or any of the terms and conditions contained in any policies or rules governing the Website and/or the Services at any time and in its sole discretion without notice. Any such changes will be effective upon the posting of the revised Agreement or such policies and rules on the Website and you are solely responsible for reviewing any such notice and the corresponding changes to the Agreement. Your continued use of the Website and/or the Services following any such revisions to the Agreement or such policies and rules will constitute your acceptance of such changes. If you do not agree to any such changes, do not continue to use the Website and/or the Services.
3.4. BitDegree may at any time change or remove (temporarily or permanently) the Website, Services and their information from the Website without indicating the reasons of such change or removal and you confirm that BitDegree shall not be liable to you for any such change or removal.
3.5. BDG is unregulated virtual currency. If there are any regulations imposed regarding BDG and virtual currencies, the terms and conditions of this Agreement and/or other conditions regarding usage of BDG may be changed significantly by BitDegree to meet such regulatory requirements.
3.6. Use of the Website and/or the Services is limited to parties that are 18 years old or older and lawfully can enter into and form contracts under applicable law.
4. YOUR USAGE
4.1. If you want to start using the Website and/or the Services, you must send Ether to the address stated at the Website. BitDegree is entitled to refuse your access to the Website without indicating the reasons.
4.2. BitDegree can also request you to provide any documents required to perform either your background check or check of your provided information.
4.3. BitDegree reserves the right to suspend the usage of the Services until your identity is completely verified.
4.4. Any loss that occurs as a result of negligent security practices, whether it be on the part of you, or BitDegree, will not be the responsibility of BitDegree, its directors, associates or employees.
4.5. The User shall bear any losses that occur regarding to the submission of invalid/incorrect data. You unconditionally warrant that any information, data and/or content you provide: (i) will be correct, accurate and not misleading or otherwise deceptive; (ii) will not infringe the intellectual property rights of BitDegree or any third party such as copyright, patent, trademark, trade secret or other proprietary rights, rights of publicity or privacy; (iii) will not violate any law, statute, or regulation; (iv) will not be defamatory or libellous, and, (v) will not create liability for BitDegree.
4.6. You shall not use the Website and/or the Services for any purpose that is unlawful or prohibited by this Agreement and legal requirements. Your registration at the Website implies your confirmation and a guarantee that by using the Services you will act honestly and in such way that it would meet the interests of both you and BitDegree. BitDegree has a right to restrict your usage of the Website and/or the Services without prior notice if you use the Website and/or the Services in unlawful or other unaccepted way.
5. PARTICIPATION REQUIREMENTS
5.1. Before taking any action with respect to participation in the TOKEN SALE, you shall peruse and understand: (1) this Agreement (2) all the whitepapers of BitDegree published at the Website; (3) terms and conditions published at www.BitDegree.org; (4) terms and conditions indicated in this Agreement; (5) the Website; and (6) other relevant documents and information published by BitDegree. The documents identified above are incorporated as integral parts to this Agreement. You shall refrain from purchasing any BDG until you understand and accept the documents identified above. By participating in the TOKEN SALE you expressly acknowledge and represent that you have carefully reviewed the aforementioned terms and conditions, and fully understand the risks, costs, and benefits associated with BDG and you agree to be bound by these terms and conditions.
5.2. You shall meet certain participation requirements set forth in the Website to participate in the TOKEN SALE. You shall participate in the TOKEN SALE only within such period and in such manner as set forth in the Website.
5.3. In addition to participation requirements set forth in the Website you shall represent, warrant, acknowledge and agree that: (a) you are of sufficient age (minimum 18 years of age) to participate in the TOKEN SALE and have full capacity of civil conduct under the laws of the jurisdiction where you are domiciled; (b) you are legally permitted to participate in the TOKEN SALE and are legally permitted to receive and hold cryptocurrencies and tokens; (c) your participation in the TOKEN SALE is voluntary and based on your own independent judgment without being coerced, solicited or misled by anyone else; (d) you have sufficient knowledge on cryptocurrencies, cryptographic tokens, cryptographic protocol and blockchain technology; (e) you do not contemplate to use BDG for any speculative, illegal or non-ethical purpose, including, but not limited to, speculative investment; (f) you do not intend to break or misuse BDG and/or BitDegree for money laundering or any illegal activities; (g) you take sole responsibility for any restrictions and risks associated with participating in the TOKEN SALE, receiving and holding BDG, whether referred to in this Agreement, arising under any applicable law or otherwise; (h) you waive the right to participate in any class action lawsuit or any class wide arbitration against BitDegree and any person or legal entity associated with it; (i) you are participating in the TOKEN SALE to facilitate the development, testing, deployment and operation of BitDegree’s products and services; (j) the proposed outcomes discussed in the Whitepaper may not be achieved; (k) BDG may not provide the rewards envisaged; (l) participating in the TOKEN SALE, receiving and holding BDG do not grant any ownerships rights in regard to BitDegree, decision making power, including (without limitation) in relation to development, governance or the role, conduct or performance of BitDegree; (m) you will not hack into, interfere with, disrupt, disable, overburden or otherwise impair the proper working of the Website, you will not violate or attempt to violate the security of the Website; (n) you will not access information or data which you are not authorised to access; (o) you will promptly provide to BitDegree, upon request, any additional information which BitDegree may consider necessary in providing services on the Website; (p) you will ensure that any information or content posted, or permitted or caused to be posted, on the Website, shall be non-confidential or non-proprietary unless expressly indicated otherwise, and not offensive, illegal under any applicable law, and that you will be responsible for all such information or content; (r) your purchase of BDG is made for your own account as principal and is not made in anticipation of a further distribution of BDG to others; (s) you are purchasing BDG to actually use BitDegree’s services and BDG as a virtual currency, not to speculate on its value; (t) by participating in the TOKEN SALE or receiving and holding BDG you acknowledge and agree that you fully understand that BDG may experience volatility in pricing and liquidity, and that, to the extent permitted by applicable law, you agree that BitDegree and any of its affiliates may not be held liable for any loss arising out of, or in any way connected your participation in the TOKEN SALE or receiving and holding BDG; (u) all the representations, warranties and acknowledgments as laid out in this clause are true and accurate.
5.4. You shall only participate in the TOKEN SALE through BitDegree.
5.5. If buying, selling and usage of cryptocurrency and/or tokens, participation in the TOKEN SALE and/or other transactions indicated in this Agreement and/or the Website, are not legal in your country (whether you are a citizen, a resident and/or a tax resident of that country) and/or such transactions can be considered as securities, securities trading, initial public offering, crowdfunding or similar, you oblige not to participate in the TOKEN SALE, not to use the Website and not to use or buy BDG. Failure to comply with local laws may result in the loss of your Account and any assets contained within.
5.6. BitDegree shall reserve the right to refuse selling BDG to anyone who does not meet criteria necessary for their buying, as set out in this Agreement, the Website and by the applicable law.
5.7. You understand and accept that the purchase and sale of cryptocurrencies and tokens of any kind (including BDG) involves risk. Due to the constant price fluctuations, you may increase or lose value in your assets at any time.
6. TOKEN SALE CONDITIONS
6.1. BitDegree as a company is to be set up and an initial coin offering will be conducted. The offering will be a virtual currency tokens known as a BDG. Funds raised by BitDegree will be given as grant towards the development of BitDegree as a project. 6.2. During the TOKEN SALE BitDegree as a company will issue tokens on the Ethereum blockchain operated by a smart contract and following the ERC20 protocol.
6.3. BDG will be issued in exchange for Ether based on the smart contract.
6.4. TOKEN TOTAL SUPPLY and TOKEN SALE stages:
TOKEN AVAILABLE TO PUBLIC LAUNCH: 336 600 000 BDG
TOKEN FOR FOUNDATION, SCHOLARSHIPS, TEAM, ADVISORS, PARTNERS, BOUNTIES: 223 400 000 BDG TOKEN TOTAL MAXIMUM SUPPLY: 660 000 000 BDG
6.5. TOKEN SALE. The amount to raise in full TOKEN SALE will be 30,000 Ether.
6.6. The number of BDG tokens allowed for purchase by one User is not limited.
6.7. The TOKEN SALE conditions are indicated in more detail in the Whitepaper and the Website which are an integral part of this Agreement and you agree to be bound by them. To the extent the TOKEN SALE conditions indicated in this chapter 6 of the Agreement conflicts with the Whitepaper and the Website, the Whitepaper and the Website prevail.
6.8. BDG emission will be conducted via BitDegree website – www.BitDegree.org. By participating in the TOKEN SALE you agree to be bound by all the terms and conditions of BitDegree. Failure to follow the TOKEN SALE instructions on the Website may limit, delay, or prevent you from purchasing BDG.
6.9. Any detected double spend of cryptocurrency and/or tokens will result in no BDG being provided to the relevant party.
6.10. BDG is available for purchase to eligible buyers only during the announced periods of the TOKEN SALE period as indicated in this Agreement, the Whitepaper and the Website.
7. BDG RIGHTS AND ATTRIBUTES
7.1. BDG is not money or investment securities and the TOKEN SALE will not involve issuance of any fiat currency, securities (whether equity securities or otherwise), financial derivative instrument or other kind of investment certificate. BDG is not redeemable, associated with financial return or backed by any underlying asset or repurchase commitment and does not necessarily have market prices or transactions between peers. BDG does not stand for any sort of investment contract for all intents and purposes. You shall not participate in the TOKEN SALE with a view to investment or speculation or in pursuit of any profit. Under this Agreement BitDegree does not provide, offer or exchange securities, investment contracts or any other form of financial instrument that may be considered by law to be a security.
7.2. BDG are cryptographic tokens created for access of BitDegree’s products and services and benefits associated with it, i.e. discounts for BitDegree’s products and services, advance payment for BitDegree’s products and services, etc. However, there are no guarantees of their future use or value which can be zero.
7.3. You cannot expect profit from BDG and shall have no expectations of profit from the future success of BitDegree’s business and/or the efforts of BitDegree or other persons. BDG value depends on your active involvement in using and promoting it.
7.4. The TOKEN SALE is not crowdfunding or initial public offer and you cannot participate in the TOKEN SALE with a view to crowdfunding or initial public offer.
7.5. BDG are not shares of BitDegree. BDG does not represent ownership interests or grant ownership, control and voting rights in BitDegree, as well as does not grant any rights to receive a share of BitDegree’s profit.
7.6. BDG does not entitle you to any intellectual property rights in regard to BitDegree and its products and services.
7.7. BitDegree may unilaterally in its own discretion and to the fullest extent possible make decisions on spending, investing and otherwise using the funds received during the TOKEN SALE.
7.8. BitDegree is not required to consult with you regarding any activities and/or decisions of BitDegree or coordinate it with you. You will not have any influence in the development or governance of BitDegree.
7.9. BDG holders cannot request an audit of BitDegree and its business, and an investigation of BitDegree’s activities.
7.10. BDG can be used for payments and other transactions associated with cryptocurrencies.
7.11. BitDegree is not obliged to redeem BDG in any case.
8. BitDegree’s BUSINESS AND PRODUCTS
8.1. BitDegree is building a Massive Open Online Courses application in a technology driven blockchain era environment.
8.2. BitDegree has a live alpha (not stable) version located at https://www.bitdegree.org/en/token#mvp. The Website will contain description of products and services of BitDegree and instructions regarding BDG purchase.
8.3. BitDegree will put effort, but it is not obliged to implement goals, promises and ideas indicated in this Agreement, the Whitepaper, the Website or elsewhere. However, neither BitDegree, nor its management, employees, advisors, partners, affiliates or any other persons associated with BitDegree shall not be held liable for not achieving goals, promises and ideas indicated in this Agreement, the Whitepaper, the Website or elsewhere.
9.1. There will be no refunds in regard to the TOKEN SALE, BDG purchase and usage for any reason, including, but not limited to, loss of your BDG due to technical reasons, errors, malfunction of the wallet, transaction failures, etc. All BDG are sold as-is without any guarantee.
9.2. By participating in the TOKEN SALE, you are confirming that you have read and understand our no refunds policy, and you acknowledge that all purchases are final and non-refundable, and BitDegree is not required to provide a refund for any reason, and that you will not receive money or other compensation in lieu of a refund, and you consent to no right of withdrawal from the TOKEN SALE.
10.1. You agree that you are solely responsible for determining the amount of any taxes that you may owe as a result of this Agreement, the TOKEN SALE, BDG and usage of BDG, and are solely responsible to collect, report and remit any such taxes required under law applicable to you. You shall declare, bear and pay all such taxes, duties, imposts, levies, tariffs and surcharges that might be imposed by the laws and regulations of any jurisdiction as a result of or in connection with the receipt, holding, use, purchase, appreciation or trading of BDG (no matter whether acquired by participating in the TOKEN SALE (or otherwise acquired). You acknowledge and agree that BitDegree has no responsibility to collect, report or remit any applicable taxes in connection with this Agreement, the TOKEN SALE, BDG and usage of BDG. You hereby agree to fully indemnify, defend and hold BitDegree (and its affiliated entities) harmless from any and all claims, demands, damages, awards, fines, costs, expenses and liability in any way associated with the foregoing obligations or otherwise with respect to any claim, demand or allegation of any tax in any way associated with this Agreement, the TOKEN SALE, BDG and usage of BDG.
10.2. You shall be solely liable for all tax related penalties, claims, fines, punishments, liabilities or otherwise arising from your underpayment, undue payment or belated payment of any applicable tax. BitDegree provides no advice and makes no representation as to the tax implication of any jurisdiction.
11.1. You should peruse, comprehend and carefully consider or seek legal advice as to the risks described below in addition to the other information stated in this Agreement, the Whitepaper, the Website or elsewhere before deciding to participate in the TOKEN SALE. Participating in the TOKEN SALE will be deemed as you having accepted all the risks outlined in this Agreement.
11.2. BDG price may experience extreme volatility. Cryptographic tokens or cryptocurrencies have demonstrated extreme fluctuations in price over short periods of time on a regular basis. You must be prepared to accept similar fluctuations in BDG value. Such fluctuations are due to market forces and represent changes in the balance of supply and demand. BitDegree cannot and does not guarantee any market liquidity for BDG. Additionally, due to different regulatory requirements in different jurisdictions, the liquidity of BDG may be markedly different in different jurisdictions.
11.3. While some of cryptographic tokens or cryptocurrencies may have been relatively stable, it is possible that their values may drop significantly in the future, which may deprive BitDegree of sufficient resources to continue to operate.
11.4. Cryptocurrencies are being, or may be, scrutinized by the regulatory authorities of various jurisdictions. BitDegree may receive queries, notices, warnings, requests or rulings from one or more regulatory authorities from time to time, or may even be ordered to suspend or discontinue any action in connection with BitDegree, as well as be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit the ability of BitDegree to further conduct business. The development, marketing, promotion or otherwise of BitDegree may be seriously affected, hindered or terminated as a result. Therefore, by entering in to this Agreement you irrevocably agree, that BitDegree may freely assign all or any of its rights and obligation arising from this Agreement to affiliated persons.
11.5. Advances in cryptography, such as code cracking or technical advances such as the development of quantum computers, could present risks to all cryptocurrencies, including BDG. This could result in the theft, loss, disappearance, destruction or devaluation of BDG. It is impossible to predict the future of cryptography or the future of security innovations to an extent that would permit BitDegree accurately guide the development of BDG to take into account such unforeseeable changes in the domains of cryptography or security.
11.6. BitDegree cannot guarantee the software used by BitDegree to be flaw-free. It may contain certain flaws, errors, defects and bugs, which may disable some functionality for users, expose users’ information or otherwise. Such flaw would compromise the usability and/or security of BDG and consequently bring adverse impact on the value of BDG.
11.7. Ethereum is an open source project and supported by the community. BitDegree does not lead the development, marketing, operation or otherwise of Ethereum. Anybody may develop a patch or upgrade of the source code of Ethereum’s source without prior authorization of anyone else. The acceptance of Ethereum patches or upgrades by a significant, but not overwhelming, percentage of the users could result in a “fork” in the blockchain of Ethereum, and consequently the operation of two separate networks and will remain separate until the forked blockchains are merged. The temporary or permanent existence of forked blockchains could adversely impact the operation and the market value of BDG and in the worst-case scenario, could ruin the sustainability of BDG. While such a fork in the blockchain of Ethereum would possibly be resolved by community-led efforts to merge the forked blockchains, the success is not guaranteed and could take long period of time to achieve.
11.8. The Ethereum source code and the software used by BitDegree could be updated, amended, altered or modified from time to time by the developers and/or the community of Ethereum. Nobody is able to foresee or guarantee the precise result of such update, amendment, alteration or modification. As a result, any update, amendment, alteration or modification could lead to an unexpected or unintended outcome that adversely affects BDG’s operation or market value.
11.9. The blockchain rests on open-source software. Regardless of BitDegree’s effort to keep the blockchain secure, anyone may intentionally or unintentionally introduce weaknesses or bugs into the core infrastructural elements of BitDegree. This could consequently result in the loss of BDG held by you.
11.10. The loss or destruction of a private key required to access BDG may be irreversible. You are required to safeguard the private keys relating to your own BDG wallets. To the extent such private key is lost, destroyed or otherwise compromised, neither BitDegree, nor anyone else will be able to access the related BDG.
11.11. BDG is not a currency issued by any individual, entity, central bank or national, supra- national or quasi-national organization. The circulation and trading of BDG on the market depends on the consensus on its value between the relevant market participants. Nobody is obliged to redeem or purchase any BDG from any user or BDG holder. Nor does anyone guarantee the liquidity or market price of BDG to any extent. BitDegree has no control over market price or liquidity of BDG once BDG start to trade in the open market.
11.12. It is possible that BitDegree’s product and services or BDG will not be used by a large number of individuals, businesses and other organisations and that there will be limited public interest in the creation and development of its functionalities. Such a lack of interest could impact the development of BitDegree’s business.
11.13. BitDegree, as developed, may not meet your expectations. You acknowledge that BitDegree is currently under development and may undergo significant changes before release. You also acknowledge that any expectations regarding the form and functionality of BitDegree held by you may not be met upon its release for any number of reasons, including a change in the design and implementation plans and execution of the implementation of BitDegree. Furthermore, you acknowledge that BitDegree project may never be fully completed or released.
11.14. You understand and accept that hackers or other groups or organisations may attempt to steal BDG or otherwise interrupt or cease BitDegree’s business or usage of BDG.
11.15. Except for historical information, there may be matters in this Agreement, the Website, the Whitepaper or elsewhere that are forward-looking statements. Such statements are only predictions and are subject to inherent risks and uncertainty. Forward- looking statements, which are based on assumptions and estimates and describe BitDegree’s future plans, strategies, and expectations are generally identifiable by the use of the words ‘anticipate’, ‘will’, ‘believe’, ‘estimate’, ‘plan’, ‘expect’, ‘intend’, ‘seek’, or similar expressions. You are cautioned not to place undue reliance on forward-looking statements. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties both general and specific that contribute to the possibility those predictions, forecasts, projections and other forward-looking statements will not occur. Those risks and uncertainties include actors and risks specific to the industry in which BitDegree operates as well as general economic conditions and prevailing exchange rates an interest rates. Actual performance or events may be materially different from those expressed or implied in those statements. All forward-looking statements attributable to BitDegree or persons acting on behalf of BitDegree are expressly qualified in their entirety by the cautionary statements in this section. Except as expressly required by the applicable law, BitDegree undertakes no obligation to publicly update or revise any forward-looking statements provided in this publication whether as a result of new information, future events or otherwise, or the risks affecting this information. None of BitDegree, its officers or any person named in this Agreement, the Website, the Whitepaper or elsewhere with their consent, or any person involved in the preparation of this Agreement, the Website or the Whitepaper, makes any representation or warranty (express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement except to the extent required by law.
11.16. The Internet industry is comprised of a number of participants and is subject to rapid change and competition BitDegree faces from other organisations, some of which may have greater financial, technical and marketing resources. Increased competition could result in under-utilisation of employees, reduced operating margins and loss of market share, especially BitDegree’s first mover status. Any of these occurrences could adversely affect the BitDegree’s business, operating results and financial condition. The possibility remains that the fundamental business model may not achieve any traction due to an existing or new entrant offering a similar solution or that the general public do not see it as part of their future. The targets and business valuation inherent in the Website, the Whitepaper or elsewhere are based on BitDegree’s management personal experience, contacts and feedback from the market. There can be no assurance that these reflect the actual reality of the opportunity or that will be able to compete successfully against current or future competitors. You are encouraged to seek professional advice when assessing the understanding of BitDegree’s business model metrics and projected returns and values as presented by directors in this Agreement, the Website, the Whitepaper or elsewhere.
11.17. You acknowledge and agree that in no event shall BitDegree be liable or responsible for any loss in any way arising out of your participation in the TOKEN SALE, receiving and holding BDG, or use of the Website and BitDegree is hereby released by you from liability for any and all such loss.
12. KNOW YOUR CUSTOMER
12.1. BitDegree reserves the right to conduct “know your customer” procedure and any other kind of customer due diligence on you at any time (including after the close of the TOKEN SALE). If BitDegree discovers your purchase of BDG violating this Agreement or any anti-money laundering, counter-terrorism financing or other regulatory requirements, your purchase of BDG under the TOKEN SALE shall be invalid with retroactive effect and BitDegree shall be entitled to immediately terminate this Agreement with you, deny your access to the TOKEN SALE, reject delivery of any BDG and request return of any delivered BDG, irrespective of any payment that you could have made.
12.2. You may be required to provide BitDegree with certain personal information, including but not limited to, your name, address, telephone number, email address, date of birth, personal code, passport, utility bills, proof regarding source of funds, etc. BitDegree may also require you to answer certain questions or take certain actions in order to verify your identity or comply with applicable law. In submitting this personal information, you verify that the information is accurate and authentic, and you agree to update it if any information changes. You hereby authorize BitDegree to directly make any inquiries we consider necessary to
verify your identity and/or account information, and request and obtain any consumer report or similar information relating to you and to take action we reasonably deem necessary based on the results of such inquiries.
12.3. Use of BDG is subject to international export controls and economic sanctions requirements. By acquiring BDG, you represent and warrant that your acquisition comports with and your use of the item will comport with those requirements. Without limiting the foregoing, you may not acquire BDG if you are on any sanctions list or you intend to use BDG in association with any persons or entities that are listed on any sanctions list.
13. PROHIBITED ACTIVITIES
13.1. You are prohibited from violating any law, statute, ordinance or regulation in our registered jurisdiction as well as your country or residency.
13.2. You may not use your BDG to engage in the following categories of prohibited activity and you confirm that you will not use BDG to do any of the following:
13.2.1. Engage in a transaction involving the proceeds of any unlawful activity;
13.2.2. Defraud or attempt to defraud BitDegree;
13.2.3. Provide false, inaccurate or misleading information;
13.2.4. Infringe upon BitDegree’s or any third party’s copyright, patent, trademark, or intellectual property rights;
13.2.5. Take any action that imposes an unreasonable or disproportionately large load on BitDegree’s infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information;
13.2.6. Transmit or upload any material to the Website that contains viruses, Trojan horses, worms, malware or any other harmful or deleterious programs;
13.2.7. Otherwise attempt to gain unauthorized access to the Website, computer systems or networks connected to the Website, through password mining or any other means;
13.3. BitDegree reserves the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request. BitDegree reserves the right to cancel and/or suspend your Account and usage of BDG immediately and without notice if we determine, in our sole discretion, that your Account and usage of BDG is associated with prohibited use, and/or a prohibited business, and or illegal activity under applicable law.
14. LIABILITY AND INDEMNIFICATION
14.1. You are responsible for actions performed by participating in the TOKEN SALE, using the Website and BDG.
14.2. You acknowledge that participating in the TOKEN SALE, purchasing BDG and using BDG involves risk and you will not hold BitDegree accountable for any gains or losses that you incur as a result.
14.3. By participating in the TOKEN SALE or receiving and holding BDG, to the extent permitted by applicable law, you agree that BitDegree, and other parties (including, but not limited to, any managers, employees, advisors) cannot be held liable for any loss (including without limitation indirect, special, incidental, consequential, or tort damages, or lost profits) arising out of, or in any way connected to your participation in the TOKEN SALE or receiving and holding BDG in any manner. Additionally, as a user of BDG and BitDegree’s products and services, you acknowledge that BitDegree has no responsibility for
any injury, direct or indirect loss, claim, damages or any special, incidental, consequential, exemplary or punitive damages of any kind that you incur as a direct or indirect result of participation in the TOKEN SALE, usage of the Website or any of our services.
14.4. You understand and agree that BitDegree and/or other parties (including, but not limited to, any managers, employees, advisors) shall not be held liable to and shall not accept any liability, obligation or responsibility whatsoever for any change of the value of BDG. You understand and expressly agree that BitDegree and/or other parties (including, but not limited to, any managers, employees, advisors) shall not guarantee in any way that BDG might be sold or transferred during or after the TOKEN SALE.
14.5. BDG are provided on an "as is" basis and without any warranties of any kind, either expressed or implied. You assume all responsibility and risk with respect to your participation in the TOKEN SALE and use of the Website and buying of any amount of BDG and its use.
14.6. You understand and acknowledge that the Services are being provided to you “as is” and “as available” without warranty of any kind. BitDegree specifically disclaims any and all warranties, express or implied, including but not limited to any implied warranties of merchantability or fitness for a particular purpose, or non-infringement. BitDegree does not guarantee continuous, uninterrupted, error-free or secure access to any part of the TOKEN SALE, Website or our services.
14.7. To the extent allowable pursuant to applicable law, you shall indemnify, defend, and hold BitDegree and/or any of BitDegree’s subsidiaries, affiliates, partners, directors, officers, employees, agents, advisors, service providers, sellers, distributors, licensors, successors, and permitted assignees harmless from and against any and all claims, damages, losses, suits, actions, demands, proceedings, payments, liabilities, costs, fines, taxes, penalties and expenses (including the amount paid in settlement of any claim, action, suit or proceeding and the fees and expenses of counsel incurred obtaining advice in respect of, or in defending or settling, any such claim, action, suit or proceeding) of whatsoever nature or kind, and/or liabilities (including, but not limited to reasonable attorneys' fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against us in any jurisdiction arising out of a breach of any warranty, representation, or obligation hereunder, and/or arising out of or related to your participation in the TOKEN SALE, receiving and holding BDG, your use of the Website, your breach of this Agreement, your misuse of the TOKEN SALE or BDG, or your violation of any law, rule or regulation, or the rights of any third party.
14.8. In the event that BitDegree and/or its subsidiaries, affiliates, directors, officers, employees, agents, advisors, service providers, sellers, distributors, licensors, successors, and permitted assignees face legal action as a result of your actions, you agree cover any damages, including legal fees, that BitDegree incur as a result.
14.9. You hereby expressly agree that, to the maximum extent permitted by the applicable law, BitDegree does not accept any liability for any damage or loss, including loss of business, revenue, or profits, or loss of or damage to data, equipment, or software (direct, indirect, punitive, actual, consequential, incidental, special, exemplary or otherwise), resulting from any use of, or inability to use, the Website and/or BDG, or the material, information, software, facilities, services or content on the Website, from buying of the tokens or their use by the user, regardless of the basis, upon which the liability is claimed and even if BitDegree has been advised of the possibility of such loss or damage.
14.10. In any case, total amount of BitDegree’s aggregate liability under this Agreement may not exceed 10 (ten) EUR. If applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the extent permitted by applicable law. You understand and agree that it is your obligation to ensure
compliance with any legislation relevant to your country of domicile concerning participation in the TOKEN SALE, use of the Website and use and buying of BDG, and that BitDegree should not accept any liability for any illegal or unauthorized use of the Website and use and buying of BDG.
14.11. The content and services provided by BitDegree are for informational purposes only and are not intended to provide legal, financial, tax, accounting or investment advice. We assume no liability for any information provided by our employees, directors, or affiliates, regardless of its accuracy. Any action taken by you is your decision, and you relieve BitDegree of any liability for any outcome that may occur.
14.12. The Website, the Whitepaper and other documents may include forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “believes,” “expects,” “does not expect,” “is expected,” “targets,” “outlook,” “plans,”, “eta”, “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate” or variations of such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BitDegree to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You must not place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward- looking statements will not occur. By participating in the TOKEN SALE, receiving and holding BDG, or using the Website, you acknowledge and agree that you fully understand and accept the risks in this clause 14.12, and to the extent permitted by applicable law, you agree that BitDegree will not be held liable for any loss arising out of, or in any way connected with your participation in the TOKEN SALE, receiving or holding BDG or use of the Website.
15. FORCE MAJEURE
15.1. BitDegree shall not be liable in any way for delays, failure in performance or interruption of service which result directly or indirectly from any cause or condition beyond our reasonable control, including but not limited to, any delay or failure due to any act of God, act of civil or military authorities, act of terrorism, civil disturbance, war, strike or other labor dispute, fire, interruption in telecommunications of Internet services or network provider services, failure of equipment and/or software, other catastrophe or any other occurrence which is beyond our reasonable control and shall not affect the validity of enforceability of any remaining provisions.
16. DISCLAIMERS AND WAIVERS
16.1. You shall accept the Website and the TOKEN SALE "as is" with any faults or failings and without any representation, warranty or guarantee whatsoever, express or implied,
including without limitation any implied warranty of accuracy, completeness, quality, merchantability, fitness for a particular purpose or non-infringement.
16.2. The Website and the Whitepaper does not purport to contain all the information that you may require. In all cases, you should conduct your own investigation and analysis of BitDegree and its business, and the data contained in the Website and the Whitepaper.
16.3. BitDegree does not make any representation or warranty as to the accuracy or completeness of the information contained in the Website and the Whitepaper. Furthermore, BitDegree shall not have any liability to the recipient or any person resulting from the reliance upon the Website and the Whitepaper in determining to participate in the TOKEN SALE and use BDG.
16.4. You must rely on your own investigation of all financial information indicated in the Website and the Whitepaper and no representations or warranties are or will be made by BitDegree as to the accuracy or completeness of such information.
16.5. BitDegree makes no representation about the underlying value of BDG.
16.6. The Website and the Whitepaper are prepared for your general information only. It is not intended to be a recommendation to participate in the TOKEN SALE and/or use BDG.
17.1. You are responsible for maintaining the confidentiality and security of your Account ID and password, and accept responsibility for all activities that occur under your Account or password. You must notify BitDegree immediately in the event that the security of your login or password has been breached or compromised.
17.2. You are also responsible for maintaining adequate security and control of any and all identification numbers, private keys, or any other codes that you use to access the Website and/or use BDG.
17.3. You agree to not hold BitDegree liable for any loss arising out of, or in any way connected to, your failure to properly secure and keep private your Account information, email address, any password, private keys and any other identification numbers/codes used in connection with participation in the TOKEN SALE and usage of BDG.
17.4. BitDegree shall not bear any liability, whatsoever, for any damage or interruptions caused by any computer viruses, spyware, scareware, Trojan horses, worms or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack.
17.5. BitDegree does not guarantee the confidentiality or privacy of any communication or information transmitted on the Website or any site linked to the Website. BitDegree will not be liable for the privacy or security of information, e-mail addresses, registration and identification information, disk space, communications, confidential or proprietary information, or any other content transmitted over networks accessed by the site, or otherwise connected with your use of the Website.
18.1. BitDegree might as you to provide your personal data.
18.2. Personal data refers to any information, whether true or not, about an individual who can be identified from that information; or from that information and other information to which we have or are likely to have access, including information in our records as may be updated from time to time, and any other information relating to any individuals which you may have provided us from time to time in your interaction with us.
18.3. Your personal data that you provide will be used to identify you as the BDG holder and to execute this Agreement. BitDegree commits to protect your personal data and disclose it only when it is necessary to execute this Agreement or it is required by the Agreement or applicable law. You expressly authorize BitDegree to store, process, use and transmit to third parties the information required to execute this Agreement.
18.4. You confirm that you have entered correct data about yourself in every required form and that afterwards, when changing or adding any data at the Website, you will enter only correct data. You shall bear any losses that occur regarding to the submission of invalid/incorrect data.
18.5. BitDegree may use your personal data for direct marketing purposes if you give your consent in the registration form. You can withdraw the above consent at any time.
19. WEBSITE USAGE
19.1. You agree not to copy any information from the Website without our permission, with the exception of information for your personal non-commercial use.
19.2. The pages of the Website may contain links to third party websites and services. Such links are provided for your convenience, but their presence does not mean that they are recommended to visit by BitDegree. In addition BitDegree does not guarantee their safety and conformity with any user expectations. Furthermore, BitDegree is not responsible for maintaining any materials referenced from another site, and makes no warranties for that site or this service in such context. Links to such third party material do not imply any endorsement by BitDegree of such third party material or the content, products or services available from such third party material. You acknowledge sole responsibility for and assume all risk arising from your use of any such third party material.
19.3. The contents of the Website are provided on an "as is" and “as available” basis without warranties of any kind and are made available for your general information only. No warranty of any kind, express, implied or statutory, is given in conjunction with the contents of the Website, the tools contained in the Website or the Website in general.
19.4. BitDegree does not warrant the accuracy, adequacy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any purpose of the information on the Website or any website linked to the Website, or that the information available on the Website, or associated therewith, will be uninterrupted or error-free or that defects will be corrected or that this Website will be free from viruses, virus attacks or other harmful elements, and expressly disclaims liability for the same and any errors or
omissions. BitDegree shall not be liable for uninterpreted availability of the Website at all times, in all countries and/or all geographic locations, or at any given time.
19.5. The information contained on the Website may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. In an effort to continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding our policies, products and services. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Website are your sole responsibility and we shall have no liability for such decisions.
19.6. BitDegree reserves the right, at its sole and absolute discretion and without giving prior notice, to vary, modify, add or remove features, or amend any content on the Website. You shall be deemed to have accepted and agreed to any such change if
you access or use the Website after the change is published on the Website. BitDegree also reserves the right to block or restrict access to, or terminate, withdraw or suspend use of the Website or any part of the Website. BitDegree will not be liable for any loss which may be incurred as a result of such action.
19.7. BitDegree reserves the right to disable any links which in its opinion, contain information, images, representations or other material of an inappropriate, defamatory, obscene, indecent or unlawful nature, or that violate any law or any public, privacy, intellectual property or other proprietary right; or have not been authorized by us.
20. INTELLECTUAL PROPERTY
20.1. The URLs representing the Website, “BitDegree” and all related logos of our services described in our Website are either copyrighted by BitDegree and are trademarks of BitDegree. In addition, all page headers, custom graphics, design, button Token Salens, scripts, source code, content are copyrighted by BitDegree. You may not copy, imitate, modify, alter, amend or use them without our prior written consent. All the content indicated in the Website, the Whitepaper and any content thereon is the exclusive property of BitDegree. You may not download, reproduce, or retransmit any information, other than for non- commercial individual use.
20.2. All intellectual property rights comprised in the information, text, graphics, logos, images, audio clips, patents, trademarks, trademark registrations, trade names, data compilations, scripts, software, computer code, design, technology, sound or any other materials or works found in the Website shall vest in and remain with BitDegree. You are permitted to download and print such materials from the Website for personal and non- commercial use provided that you do not breach this Agreement.
20.3. You are not permitted to copy, transfer, distribute, reverse compile, adapt, modify, reproduce, republish, display, broadcast, hyperlink or transmit in any manner or by any means or store in any information retrieval system, any part of the Website without the prior written permission of BitDegree.
21. REPRESENTATIONS AND WARRANTIES
21.1. You attest that you are not a criminal, are not associated with any criminal activity, and that all funds that are used by you in connection with the TOKEN SALE and BDG purchase are free from any criminal association, are not the proceeds of crime, and are not derived from any criminal activity.
21.2. By participating in the TOKEN SALE and buying BDG hereunder you represent and warrant that your funds in no way came from illegal or unethical sources, that you are not using any proceeds of criminal or illegal activity, and that no transaction involving BDG are being used to facilitate any criminal or illegal activity.
21.3. You hereby certify to us that any funds used by you in connection with participation in the TOKEN SALE are either owned by you or that you are validly authorized to carry out transactions using such funds.
21.4. You represent and warrant that you have such knowledge and experience in financial and business affairs as to be capable of evaluating the merits and risks purchasing cryptocurrencies and specifically BDG and are able to bear the economic risk of total loss of such purchase.
22. TERMINATION (LIMITATION) OF THE AGREEMENT
22.1. The term of this Agreement is for a period of time when you successfully register for the Account until this Agreement is terminated for whatever reason. Account cancellation shall mean the Agreement termination.
22.2. At any time and for any reason in its sole discretion BitDegree may terminate this Agreement, your access to the TOKEN SALE and/or the Website, your Account and may halt any pending transactions and/or funds and/or BDG at any time without notice to you. BitDegree shall have no liability or obligation for the termination of this Agreement.
22.3. In case of termination of this Agreement for any reason you will not be refunded with any amount of BDG.
23. JURISDICTION, APPLICABLE LAW AND DISPUTE RESOLUTION
23.1. Jurisdiction of the United States of America (including all territories of this country), People's Republic of China and North Korea is specifically excluded from the TOKEN SALE and this Agreement.
23.2. BitDegree reserves the right to change the jurisdiction of BitDegree and this Agreement at any time in its own discretion, as well as use any parent companies, subsidiaries and/or other affiliated companies for execution of this Agreement, BitDegree’s products and services and other activities related to the TOKEN SALE and BitDegree’s business.
23.3. The interpretation, validity and enforcement of this Agreement, and all legal actions brought under or in connection with this Agreement, shall be governed by the law of the Lithuania.
23.4. 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 BitDegree waive your respective rights to have any and all Disputes arising from or related to this Agreement resolved in a court. Instead, you and BitDegree will 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 in court). 23.5. Any Dispute arising out of or related to this Agreement is personal to you and BitDegree 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.
23.6. 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 BitDegre shall be sent by e-mail to Company at email@example.com. Notice to you shall be sent by email to the then-current email address you provided in the pre-launch registration form. 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 BitDegree cannot agree how to resolve the Dispute within thirty (30) days after the date the notice is received by the applicable Party, then either you or BitDegree may, as appropriate and in accordance with this clause 23.6, commence an arbitration proceeding.
23.7. „Any dispute, arising out of or relating to this contract, shall be finally settled by arbitration in the Vilnius Court of Commercial Arbitration in accordance with its Rules of Arbitration. The number of arbitrators shall be 3. The place of arbitration shall be Vilnius. The language of arbitration shall be English.
23.8. Any User that breaks any law in their jurisdiction of residence or nationality by using BDG or any service provided by BitDegree shall be liable for any damages incurred by BitDegree as a result and agrees to forfeit any assets within their BitDegree account, at the discretion of BitDegree or its employees.
24. MISCELLANEOUS PROVISIONS
24.1. You confirm that you have read this Agreement, understood its terms, conditions and consequences.
24.2. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the Parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.
24.3. All the notices, consents and other communication of the parties related to this Agreement shall be delivered via e-mail or registered post/courrier if BitDegree requests such type of delivery.
24.4. BitDegree has a right to revoke this Agreement if you do not comply with the Agreement, act in a fraudulent or illegal way, engage in unauthorized transmission and use of personal data.
24.5. This Agreement is personal to you and it can not be transferred, assigned or delegated to anyone. Any attempt by you to assign, transfer or delegate this Agreement and the rights and/or obligations stipulated in this Agreement shall be null and void. BitDegree may freely assign this Agreement and/or delegate its duties without consent or notice.
24.6. This Agreement together with the Whitepaper and any terms and conditions published from time to time on the Website constitutes the entire agreement among the Parties with respect to the subject matter hereof. No provision of the Agreement shall be considered waived unless such waiver is in writing and signed by the Party that benefits from the enforcement of such provision. No waiver of any provision in the Agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of the Agreement will not in any way affect, limit, or waive a Party's rights hereunder at any time to enforce strict compliance thereafter with every term and condition hereof.
24.7. You agree to refrain from making, any negative, detracting or unfavourable statements concerning BitDegree, BDG, any subsidiaries or affiliates, their respective business or business endeavours, products or product history, or their respective former or present officers, directors, agents, distributors or consultants, which may have the effect of diminishing the reputations of BitDegree, BDG, any subsidiaries or affiliates, or respective former or present officers, directors, agents, distributors or consultants of BitDegree or any subsidiaries or affiliates of its business or business endeavours.
24.8. This Agreement is not intended to create, and it shall in no way be construed as creating a joint venture, partnership, or any other similar relationship between you and BitDegree.
24.9. To the extent that Agreement, the Whitepaper, any terms and conditions published from time to time on the Website conflict with translated copies, the English version prevails.
25. REFERRAL PROGRAM
25.1. In order to enroll in the Referral Program, you need to submit your application through the Referral signup form on the BitDegree website (the Website). If we determine that your application is not suitable for the Referral Program, it may be rejected for any reason.
The pool of the BitDegree Referral program is 200 000 BDG tokens. The pool will be shared and transferred to all participants until January 15, 2018, based on the number of referred users.
25.2. Your responsibilities.
As BitDegree Referral you agree that:
25.2.1. You shall not use any self-referral methods, nor will use disposable emails.
25.2.2. It is your full responsibility to provide us with accurate account information and it is your responsibility to keep that information up to date. If by any means you fail to provide the requested data or the data is not accurate it may result in exclusion from the Referral Program, temporary suspension or termination of your Referral account and loss of any token rewards.
25.2.3. You should not act on your own will as per modifying, copying or altering any banners, icons, graphics or any other content that is contained n BitDegree’s Links including but not limited to altering and modifying any copyright or trademark notices, without prior written approval from BitDegree.
25.2.4. You shall not use self-Referral methods, you can’t click on your Referral links and/or banners and make orders via your unique Referral link.
25.2.5. The Referral should not engage in any blackhat seo/spam link building techniques in order to generate more Referrals for BitDegree.
25.2.6.You agree not to violate any applicable law.
25.2.7. You should be loyal to BitDegree and should not misuse its confidence and shall not damage BitDegree reputation.
25.2.8. You will not advocate, promote, or encourage violence or discrimination against any person, organization, or governmental entity.
If BitDegree suspects or detects a patterns of violations of the Referral Terms and Conditions, BitDegree reserves the right, as a result of Terms and Services violation, to suspend and/or terminate your Referral account.
25.3. Referral advertising.
Only promotional materials that are approved by BitDegree may be used in the Referral’s Site in order to advertise BitDegree. Approved promotional materials refer to the materials that are provided in your Referral Area.
If by the decision of any party the Referral Agreement is terminated, upon termination your non-exclusive, limited and non- transferable license to access, download and place the approved promotional materials of BitDegree will be immediately and automatically withdrawn.
Inappropriate ways of advertising include, but are not limited to:
25.3. 1. The Usage of any illegal and/or spam method of advertising, such as: unsolicited email, unauthorized placing of the link in forums, newsgroups, message boards etc.
25.3. 2. Bidding on keywords and phrases containing the “BitDegree” trademark, or variations or misspellings of the trademarked term on Pay per Click or Pay per Impression campaigns on the search engines (Google, Yahoo, MSN, Ask, Bing or others) without our prior approval. You are not allowed to use the BitDegree Website(s) as display URL in PPC ads and to direct-link or redirect to the BitDegree Website(s).
25.3. 3. Using non-unique copyright infringing content to promote BitDegree.
25.3. 4. Using traffic generated by pay to read, pay to click, banner exchanges, click exchanges, PPV advertising, pop-up/under, or similar methods.
25.3. 5. Using our advertising and promotional materials, trademark or name in a way which negatively affects our image.
25.3. 6. Using iframes or any other techniques or technology that places your Referral tracking cookie in any means other than an actual click-through.
25.3. 7. Using link cloaking or masking techniques or technology with the goal to promote BitDegree on websites and/or networks not explicitly listed in your Referral profile and hiding that traffic source.
25.3. 8. Your website(s) must NOT contain lewd, obscene, illegal or pornographic material, or any other material that is deemed to be objectionable. This includes, but is not limited to, bigotry, hatred, pornography, satanic materials, trademark and copyright materials, all content of an adult nature, etc. The declaration of any materials as such is subject to our reasonable opinion.
25.3. 9. Your domain name(s), company name, logo, trademark, product(s), project(s), service(s) must NOT contain keywords and phrases containing the “BitDegree” trademark or any other variations or misspellings confusingly similar to BitDegree trademark, name, logo or domain name, without our prior approval.
25.3. 10. Your domain name(s), company name, logo, trademark, your product(s), project(s), service(s) must NOT contain keywords and phrases that contain or are confusingly similar to third-party trademarks, names, logos or domain names, unless you have been duly authorised by the trademark owner.
BitDegree shall have the sole right to decide if a promotional method you use is appropriate. The use of any advertising method that we consider inappropriate may result in warning, suspension or termination of your Referral account.
25.4. Referral tracking cookies.
We track Referral sign-ups automatically by using cookies. The cookies are automatically placed in the browser of user who clicks on the Referral link in order to reach our website. Every cookie is stored for 90 days. If a previous Referral’s cookie is already placed in the same user’s browser it will be overwritten with the new cookie. If cookies are deleted intentionally by the user, BitDegree does not hold responsibility for this action.
25.5. Referral token rewards.
BitDegree gives you a token reward for every valid sign-up that you refer to our website. The sign-up is valid only if ALL of the following conditions are true:
25.5. 1. The sign-up was made due to your Referral efforts and all of the following statements are true:
18.104.22.168. At the time the sign-up was made, the referred client had an active cookie which indicated you as the last Referral who has referred the client to our website and the client hasn’t reached BitDegree website through a search engine with a string that does not contain BitDegree name.
22.214.171.124. At the time of the sign-up, your Referral account was active. No token rewards will be given for sign-ups that were made before you’ve registered for our Referral program.
25.5. 2. Your referred client has not signed up for a Referral account with us before.
25.5. 3. Each referred client earns you one stake. By the end of the Referral Program (December 29, 2017, or when the hard cap of token sale is reached) the worth of one stake will be determined. One stake’s value will be calculated in the following method: one referred user equals one stake. If you referred 10 users who signed up via your Referral link, you earned 10 stakes. All stakes from all participants will be summed up. The token pool (200 000 BDG) will then be divided by the total amount of stakes. The
result of the equation will define the value of one stake in tokens, for example: there is a total number of 1000 stakes, which means 1 stake = 200 000 tokens / 1000 stakes = 200 tokens.
Without providing any explanation or justification, BitDegree remains the right to mark any Referral token reward as invalid at our own discretion.
25.6. Reward distribution.
The pool of the BitDegree Referral program is 200 000 BDG tokens. The pool will be shared and transferred to all participants until January 15, 2018, based on the number of referred users.
In order to receive tokens each participant of the Referral program must hold an ERC20 compatible Ethereum wallet. BitDegree tokens will be transferred to the same wallet address that the participant will provide on the BitDegree website.
Your token reward may be suspended at any time and for any period if any fraudulent or improper activity of any kind is suspected or a potential violation of this Agreement by your referred clients or you is suspected.