108token Generator is not regulated as a mutual fund for the purpose of the Mutual Funds Law because Token Generator is not issuing equity interests to Token purchasers within the meaning of the Mutual Funds Law. A Token does not represent a share of Token Generator’s authorised and issued share capital, a Token-holder is not entitled to be included on the register of members of Token Generator and does not have capital at risk in the way a shareholder does. Therefore Token Generator is not subject to the Mutual Funds Law and the potential registration or licensing requirements that would otherwise apply if equity interests were being offered and Token Generator was subject to the Mutual Funds Law. Specifically none of the Token Sale Terms will be filed with CIMA, Token Generator is not subject to the supervision of CIMA and Token Generator is not required to have its accounts audited nor submit such accounts to CIMA.
|Token purchase||0.1 in BTC/0.5.|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
If you invested $1 in 108 Token on January 1st, 2017, you would have seen a return of $108 on January 7th, 2018. Over that same time period, you would have earned $16.50 from a $1 investment in Bitcoin.
Key Problems in Crypto Assets
Hard To Invest : Buying, storing, securing and selling is a complicated process requiring specialized knowledge.
To many Tokens : Differentiating between scams and legitimate tokens is difficult
Concerned Exposure : HODLing does not follow the #1 rule of investing: diversification
Responsibility of potential Token purchasers
108token Sale Terms generally is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of Token Generator. Token Generator does not make representations or warranties of any kind with respect to the economic return from, or the tax consequences of a purchase of Tokens. Potential token purchasers should carefully review the whole of the Token Sale Terms. They should also consult with their legal, tax and financial advisors in relation to the following: (i) the legal and regulatory requirements within their own countries for purchasing, holding and disposing of Tokens; (ii) any foreign exchange restrictions to which they may be subject in their own countries in relation to purchasing, holding or disposing of Tokens.
A purchase of Tokens carries substantial risk. There can be no assurance that the Token Generator’s investment objective will be achieved, and results may vary substantially over time. The value of Tokens may go down as well as up, and Token purchasers may not get back the amount spent for Tokens. A purchase of Tokens is only suitable for sophisticated investors who are able to bear the loss of a substantial portion or even all of their investment. A purchase of Tokens is not intended to be a complete investment programme for any investor.
108token Certain Crypto asset exchanges may place limits on Token Generator’s transactions, or Token Generator may be unable to find a willing buyer or seller of a Crypto asset. To the extent Token Generator experiences difficulty in buying or selling Bitcoin, investors may experience delays in subscriptions, or there may be delays in liquidation of Token Generator’s Crypto assets—adversely affecting the net asset value of Token Generator.
There exists the possibility that while acquiring or disposing of Crypto assets, Token Generator unknowingly engages in transactions with bad actors who are under the scrutiny of government investigative agencies. As such, Token Generator’s systems or a portion thereof may be taken offline pursuant to legal process such as the service of a search and/or seizure warrant. Such action could result in the loss of Crypto assets previously under Token Generator’s control.
108token Unless otherwise agreed by the directors of the Token Generator, payment for Tokens must be made in BTC/ETH. Such consideration will be valued by reference to the valuation principles applied in the calculation of the Token Generator Net Asset Value (but subject to the deduction of such sum (if any) as the directors of the Token Generator consider represents an appropriate provision for any fiscal, transfer, registration or other charges, fees or duties associated with the vesting of the non-cash consideration received). In the event that subscription monies are received in any currency other than the currency set forth above, conversion into the desired currency will be arranged by or on behalf of the Token Generator at the risk and expense of the investor. Any commissions and transfer fees incurred in respect of electronic transfers will be deducted from subscriptions monies and only the net amount will be used to purchase Tokens.
In the event the Token Generator sells less than 5,000,000 Tokens ( Minimum Threshold ), the Token Generator may, in its sole discretion, not complete the Token Sale and cancel all Token purchases, and in such event all cryptocurrencies and/or fiat submitted by Purchaser will be returned by Token Generator pursuant to these Terms and Conditions.
In these Terms and Conditions, the term Token Sale includes the Early Access Period, General Sale Phase I Period and the General Sale Phase II Period, each as defined below. The Token Generator reserves the right, in its sole discretion, to change the time periods of each phase of the Token Sale due to, among other things, technical challenges. Participation in any phase of the Token Sale is limited to Eligible Investors.
Token Allocation and Distribution Policy
All Tokens generated in connection with the Token Sale will be pre-mined such that no new Tokens will be generated following completion of the Token Sale. Token Generator intends to hold, allocate, distribute and/or sell all Tokens mined to the proposed persons, or class of persons, set out in the Token allocation/distribution section of the White Paper (Token Allocation and Distribution Policy ), which section includes details regarding the timing and makeup of the distribution of Tokens, pricing of Tokens and the amount of Tokens that will be distributed.
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