Disclaimer for BIO Token
đź“„ Disclaimer for BIO Token
Last updated: June 2, 2025
1. General
The BIO token ($BIO) is issued by BIOLAVITA, a registered in the Netherlands under Chamber of Commerce number KVK, with its registered office at GRONINGEN ("Issuer", "we", "us" or "our").
The Token is not:
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An ownership interest, share, profit participation instrument or any other security;
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A loan or debt instrument;
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A right to income, dividends or other financial returns;
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A promise or guarantee of future value.
By acquiring, holding, or using the Token, you ("User", "you", or "participant") acknowledge and agree to this Disclaimer and any additional documentation we may issue.
2. No Investment or Securities Offering
Nothing in this document constitutes, or shall be construed as, an offer of securities or a solicitation for investment. We make no representation that the Token qualifies for, or is exempt from, securities laws in any jurisdiction. Regulatory authorities may classify the Token differently than our stated intent; if that occurs, you may not be able to trade, transfer, or use the Token as originally intended.
3. Restrictions and Legal Conditions
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Age requirement: You must be at least 18 years old (or of legal age in your jurisdiction) to purchase or interact with the Token.
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Prohibited jurisdictions: Residents, citizens, or entities from jurisdictions where the sale of crypto assets is restricted, prohibited, or requires prior registration (including, but not limited to, the United States, Canada, mainland China, and any embargoed or sanctioned regions) may not participate.
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KYC / AML: We reserve the right to perform Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) checks at any time and may refuse, reverse, or freeze Token transfers that are contrary to applicable laws or our compliance policies.
4. Token Functionality
The Token currently provides no intrinsic utility other than experimental features such as community polls, access to prototype content, or digital recognition badges. These features may be changed, expanded, or discontinued at any time without notice.
Holding the Token does not entitle you to free use of our paid products or services, nor does it guarantee preferential treatment or early access. We may, at our sole discretion, burn, replace, migrate, or otherwise modify the Token’s smart contract for technical, legal, or strategic reasons. We are under no obligation to compensate Token holders in such cases.
5. Risk Factors
By purchasing or interacting with the Token, you expressly acknowledge and accept the following non-exhaustive risks:
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Regulation: Future legislation or regulatory actions may restrict, suspend, or prohibit crypto asset transactions, rendering the Token illiquid or unlawful to hold.
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Market: Extreme price volatility, low liquidity, or total loss of value is possible. Past performance is no guarantee of future results.
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Technology: Smart contract bugs, blockchain reorganizations, cyberattacks, or wallet vulnerabilities could result in the permanent loss of Tokens.
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Platform dependency: The Token depends on third-party infrastructure (e.g., blockchain platforms). Failures, hacks, or insolvencies of such providers could affect the Token's functionality.
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Taxation: Token transactions may trigger taxable events (income, capital gains, VAT). Tax treatment varies by jurisdiction; you are solely responsible for compliance.
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Project execution: Roadmaps, milestones, or partnerships may change. Failure to deliver expected features does not entitle you to refunds or compensation.
6. No Advice
Nothing in this document—or in any accompanying materials, social media posts, or announcements—constitutes legal, financial, tax, investment, or accounting advice. You should consult appropriately qualified professionals before participating in any crypto asset project.
7. Forward-Looking Statements
Certain statements herein may be "forward-looking" and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed. We are not obligated to update forward-looking statements except as required by law.
8. Limitation of Liability
To the extent permitted by applicable law:
The Issuer, its owners, directors, employees, contractors, and affiliates shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages arising from or in any way related to your acquisition, storage, transfer, or use of the Token.
Where exclusion or limitation of liability for certain damages is not permitted, our total liability shall be limited to the amount you paid (if any) to acquire the Token.
9. Indemnification
You agree to indemnify, defend, and hold harmless the Issuer and its affiliates from and against all claims, damages, losses, liabilities, and expenses (including reasonable attorney fees) arising from or related to your use of the Token, your violation of this Disclaimer, or your infringement of any third-party rights.
10. Governing Law and Dispute Resolution
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Governing law: This Disclaimer shall be governed by and construed in accordance with the laws of the Netherlands, without regard to conflict of laws principles.
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Arbitration: Any dispute, controversy, or claim arising out of or relating to the Token or this Disclaimer shall be finally settled by binding arbitration under the Rules of Arbitration of the International Chamber of Commerce (ICC) in effect at the time. The seat of arbitration shall be Amsterdam, Netherlands. The language of the proceedings shall be Dutch.
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Class action waiver: You may bring claims only in your individual capacity and not as a plaintiff or class member in any purported class or representative proceeding.
11. Amendments
We reserve the unilateral right to amend, replace, or supplement this Disclaimer at any time. Your continued holding or use of the Token after an update constitutes acceptance of the revised terms. It is your responsibility to review the latest version periodically.
12. Severability
If any provision of this Disclaimer is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.