The following Terms and Conditions ("Terms") govern your (“you” or the “owners”) owners of Pylon Eco Tokens (PETN), hereinafter referred to as “Token,” “Tokens” or “PETN” from Pylon Fintech LLC (405463840), a Company registered in Georgia, from now on referred as “Company” or “Organization.” Each of you and the Company is a "Party" and, together, the "Parties" to these Terms. The Company website located at the following address: www.pylontoken.com hereinafter referred to as “Website,” is the only legitimate Website of the Company. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the Pylon Eco Token distribution/own.
If you do not agree to these terms, do not get Tokens from the Company. By owning ‘’PETN’’ from the Company, you will have to comply with these terms and conditions incorporated by reference. If you have any questions regarding these terms, please contact the Company at [email protected]
By owning Tokens, you agree not to hold any of the Company’s respective past, present, and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the distribution/own of ‘’PETN’’, including losses associated with the terms set forth below.
Do not owners Tokens if you are not an expert in dealing with cryptographic tokens and blockchain-based software systems. Before owning ‘’PETN’’, you should carefully consider the terms listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not own Tokens.
Owners of Tokens should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic Tokens, including USDT based Tokens and blockchain-based software systems. In addition, owners should have a functional understanding of storage and transmission mechanisms associated with other cryptographic Tokens. While the Company will be available to assist owners of Tokens during the distribution/own, the Company will not be responsible in any way for loss of BTC, eth, or ‘’PETN’’ resulting from actions taken by or omitted by owners. Suppose you do not have such experience or expertise. In that case, you should not own Tokens or participate in the distribution/own of ‘’PETN.’’ Your participation in the Token distribution/own is your responsibility. So, make sure that you match the requirements mentioned in this paragraph.
Any dispute arising out of or related to these Terms is personal to you and the Company 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. The law of this arbitration clause shall be the legal act of Georgia. The seat of arbitration shall be Georgia. The arbitration proceedings shall be conducted in Georgian.
Owners agree to buy, and Company agrees to sell, the Tokens under the following terms:
You may not acquire a Token if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America, or a citizen of Georgia, or resident (tax or otherwise) of any country or territory where transactions with digital Tokens and/or digital currencies are prohibited or in any other manner restricted by applicable laws. “Person” is generally defined as a natural person residing in the relevant state or any entity organized or incorporated under the laws of the relevant state.
By owning PETN, You do corroborate that you have a sufficient understanding of the functionality, usage, storage, transmission mechanisms, and intricacies associated with cryptographic tokens as well as blockchain-based software systems generally;
You are legally permitted to receive and hold and make use of Tokens in your and any other relevant jurisdiction;
You will provide us with any additional information which may be reasonably required so that we can fulfill our legal, regulatory, and contractual obligations, including but not limited to any anti-money laundering obligation;
Your acquisition of Tokens does not involve your owners or receipt of shares, ownership, or any equivalent in any existing or future public or private company, corporation, or other entity in any jurisdiction;
All owners of Tokens from the Company are final, and there are no partial or full refunds or cancellations. The Company reserves the right to refuse or reject any Payment made or owners requested at any time in its sole and absolute discretion. The owner acknowledges that neither the company nor any of its affiliates, directors, or shareholders are required to provide a refund for any reason. If the company believes, in its sole discretion, that any individuals or entities owning Tokens create material regulatory or other legal risks or adverse effects for the Company, the company reserves the right to: buy all Tokens from such Token owners at the then-existing market price and/or sell all cryptocurrency assets of the Company.
"PETN" terms and conditions are outlined in the Whitepaper located at Website www.pylonToken.com, which terms are incorporated herein by reference.
You hereby confirm and agree that distribution of Tokens to you is the fact of successful delivery of goods to you by the Company and deemed a confirmation of acceptance of respective quality goods in individual volume by you. From the said moment, the deal on Tokens distribution/own executed between you and Company under terms and conditions provided herein is considered to have been closed with the all applicable characteristics of finality and irrevocability of such deal and all of the Parties obligations arising out of such deal are considered to have been performed duly and in a proper way.
To the extent permitted by law and provided we act in good faith, the Company makes no warranty whatsoever, either expressed or implied, regarding the future success of PETN.
You accept that PETN is created, and you obtain Tokens on an “as is” and “underdevelopment” basis. Therefore, provided the Company acts in good faith, you accept that the Company is providing Tokens without being able to give any warranties concerning PETN, including, but not limited to, title, merchantability, or fitness for a particular purpose;
You understand that the Website, as well as Whitepaper, can be translated into several languages, but only the information placed in English shall bound the Parties of these Terms. Versions of Website and documents translated into other languages are for informational purposes only;
Unlike accounts at financial institutions, PETN is uninsured unless you specifically owners private insurance to hedge all necessary risks. Thus, there is no public insurer or private insurance arranged by Compay to offer recourse to you in the event of loss or loss of utility value.
You are responsible for implementing reasonable measures for securing the wallet, vault, or other storage mechanisms you use to receive and hold Tokens owners from the Company, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. The Company is not responsible for any losses, costs, or expenses relating to lost access credentials. Any errors or malfunctions caused by or otherwise associated with the digital wallet or vault you choose to receive and store PETN in, including your failure to maintain or use such digital wallet or vault properly, may also result in the loss of your PETN. Additionally, your failure to follow precisely the procedures set forth for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving PETN, or provides an address that is not Tron compatible, may result in the loss of your Tokens.
Hackers or other malevolent groups or organizations may attempt to interfere with the platform or PETN in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing, and others.
Therefore, the owner agrees that he/she bears all risks concerning the hacking and security weaknesses and obtains PETN entirely on the owner's sole risk. The Company can not be liable in any form for the possible damage committed by the third part(y)ies to the owner.
When trading of PETN commences on third-party exchanges, those organizations may have no regulatory oversight. Therefore, the owners might witness numerous manipulation or fraud attempts regarding the Company Tokens. Furthermore, by acquiring PETN, the owners agree that the value of Tokens on those exchanges may be highly volatile, and the Company bears no liability for any possible depreciation of PETN value.
The regulatory status of PETN and its distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict whether regulatory agencies may apply existing regulations concerning such technology and its applications, including the Pylon ecosystem platform and PETN. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and PETN. Regulatory actions could negatively impact the platform and PETN in various ways, including, for purposes of illustration only, through a determination that the owners, distribution/own, and delivery of Tokens constitute unlawful activity or that PETN is a regulated instrument that requires registration or licensing of those instruments or some or all of the parties involved in the owners, distribution/own, and delivery thereof. The Company may cease operations in a jurisdiction if regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction or commercially undesirable to obtain the necessary regulatory approval(s) to work in such jurisdiction.
The owners shall comply with any applicable tax obligations in all relevant jurisdictions arising from the owners of Tokens. If necessary, you must seek your own tax advice in connection with owning Tokens, which may result in adverse tax consequences to you, including withholding taxes, income taxes, and tax reporting requirements.
It is possible that alternative platforms could be created that will use the same open-source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the Company services.
The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the distribution/own by posting the amended Terms on the Website. Any owners will be deemed to have accepted such changes by owning Tokens. The Terms may not be otherwise amended except by express consent of both the owners and the Company.
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Company from and against all claims, demands, actions, damages, losses, costs, and expenses (including attorneys’ fees) that arise from or relate to: (i) your owners or use of Tokens; (ii) your responsibilities or obligations under these Terms; (iii) your violation of these Terms; or (iv) your violation of any rights of any other person or entity.
The Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this Terms. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and the Company.
Because PETN confers no governance rights of any kind with respect to the Pylon platform or the Company, all decisions involving the Company’s products or services within the platform or the Company itself will be made by the Company at its sole discretion. These decisions could adversely affect the platform and the utility of any Tokens you own, including their utility for obtaining services.
Cryptographic tokens such as PETN are new and untested technology. In addition to the risks included in this document and on the Company website, other risks are associated with your owning, possession, and use of Tokens, including unanticipated risks. Such risks may further materialize as unexpected variations or combinations of the risks discussed in this document.
The token holders and the user of Pylon Eco Token and its ecosystem websites will accept the conditions published in the whitepaper.
The token holders and the user of Pylon Eco Token and its ecosystem websites will accept any upcoming changes in the company policy made by users through the voting process.