Last updated: August 14th, 2018
These Terms of Service (“Terms”, “Terms of Service”) govern your relationship with http://www.talentsnap.co website (the “Service”) operated by TalentSnap Inc. (“us”, “we”, or “our”).
Please read these Terms of Service carefully before signing up.
Your access to and use of the Service is based on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
By accessing or using the Service you agree to be bound by these Terms and accept all legal consequences. If you do not agree to these terms and conditions, in whole or in part, please do not use the Service.
The Service and all contents, including but not limited to text, images, graphics or code are the property of TalentSnap Inc. and are protected by copyright, trademarks, database and other intellectual property rights. You may display and copy, download or print portions of the material from the different areas of the Service only for your own non-commercial use. Any other use is strictly prohibited and may violate copyright, trademark and other laws. These Terms do not grant you a license to use any trademark of TalentSnap Inc. or its affiliates. You further agree not to use, change or delete any proprietary notices from materials downloaded from the Service.
Purchasing of TalentSnap Tokens does not present an exchange of cryptocurrencies or conventional currencies for any form of ordinary shares of the Seller and the Buyer of TalentSnap Tokens is not entitled to any guaranteed form of dividend. The Buyer is only entitled to certain rights within the Terms and Conditions. TalentSnap Tokens are not intended to constitute securities in any jurisdiction.
Before purchase of TalentSnap Tokens, carefully read all the information set out in this Disclaimer. We strongly recommend you to seek out independent financial and legal advice before engaging in any sort of business endeavor.
The TalentSnap Token is not an investment-grade security of any kind or an investment contract according to the Howey Test and Pacific Coin Test. The TSC Token is a digital token for participation and use of the TalentSnap platform’s services and does not confer ownership of a stake in the business. The value of the TSC Token is not based on the efforts of others, but fluctuates based on the natural occurrences in the market. The TSC Token is not meant to appreciate in value or be resold.
The TalentSnap ICO will be set with a soft cap of 2,000 ETH and a hard cap of 40,000
ETH. If the soft cap is not met, tokens will be burned and refunded. If the hard cap is met, the ICO will close (otherwise, it will close on it’s scheduled end date). Upon successful transfer of funds and completion of KYC/AML protocols, TalentSnap will vet all prospective token buyers. Approved accounts will be allocated tokens in no more than four weeks from the ICO end date, while rejected applicants will be refunded.
The First pre-ICO phase of the TalentSnap Token Sale will include the sale of up to
14,000,000 TSC and begin on August 10th, 2018 and run until August 31st, 2018. Tokens sold during this period will be sold at a price of 7,000 TSC per ETH, for up to 2,000 ETH, which will allow us to reach our soft cap. In the event the First pre-ICO is sold out prior to the start date of the Second pre-ICO round, the Second pre-ICO round will commence immediately. Otherwise, the Second pre-ICO phase of the TalentSnap Token Sale will include the sale of up to 242,000,000 TSC and begin on September 1st, 2018 and run until September 30th, 2018. Tokens sold during this period will be sold at a price of 6,000 TSC per ETH. If our hard cap of 40,000 ETH has been reached during this round of sale, then the public sale will not occur and the ICO will end. If the hard cap is not reached in the pre-ICO phase, the Main Sale phase of the TalentSnap Token Sale will include the sale of up to 242,000,000 TSC and begin on October 1st, 2018 and run until November 30th, 2018. Tokens sold during this period will be sold at a price of 5,000 TSC per ETH. The maximum number of tokens that will be allocated to the ICO will be 242,000,000 tokens, and if that many are sold, no more tokens will be sold during the ICO.
Management reserves the right to selectively bonus token purchases during all phases
of the TalentSnap Token Sale. The retail price of TSC was determined by examining a variety of factors congruently, including market opportunity, adoption rate, velocity, inflation, and revenue forecasting.
TalentSnap will be creating a fixed supply of 403,333,333 tokens, of which 60% will be
sold in the various phases of our ICO, which includes but is not limited to seed-stage, Pre-ICO phase 1, Pre-ICO phase 2 and public crowd sale. The remaining 40% will not be sold directly to investors, but will be distributed amongst our advisors (10%) and marketing partners, including, airdrops and bounty campaigns (10%), as well as reserving a portion for company growth (13%) and the founding team (7%), ensuring the continued development of the platform.
All purchases of TSC are final
ALL PURCHASES OF TSC ARE FINAL. PURCHASES OF TSC ARE NON-REFUNDABLE. BY PURCHASING TSC, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, DIRECTORS OR SHAREHODELRS ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON.
IF THE COMPANY BELIEVES, IN ITS SOLE DISCRETION, THAT ANY INDIVIDUALS OR ENTITIES OWNING TSC CREATES MATERIAL REGULATORY OR OTHER LEGAL RISKS OR ADVERSE EFFECTS FOR THE COMPANY AND/OR TSC, THE COMPANY RESERVES THE RIGHT TO: (A) BUY ALL TSC FROM SUCH TSC OWNERS AT THE THEN-EXISTING MARKET PRICE AND/OR (B) SELL ALL CRYPTOCURRENCY ASSETS OF THE COMPANY.
Taxation of TSC and Taxation Related to the ICO
The Purchaser bears the sole responsibility to determine if the purchase of TSC with BTC, ETH or the potential appreciation or depreciation in the value of TSC over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing TSC, and to the extent permitted by law, the Purchaser agrees not to hold any of the Company, its affiliates, shareholders, director, or advisors liable for any tax liability associated with or arising from the purchase of TSC.
Situations Where TalentSnap is Not Liable
The TalentSnap Team is not liable for failure to perform solely caused by:
- government orders,
- acts of civil or military authorities,
- emergency conditions (including weather conditions),
- security issues arising from the technology used,
Or any similar unforeseen event that renders performance commercially implausible. If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the Terms, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.
Limitations on Waiver Liability
THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO (i) USE OF, OR INABILITY TO USE, TSC OR (ii) THE TalentSnap TEAM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE TalentSnap TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, TSC, OR ARISING OUT OF ANY INTERACTION WITH THE SMART CONTRACT IMPLEMENTED IN RELATION TO TSC. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE TalentSnap TEAM IS NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF TSC, AND THAT THE RISK OF PURCHASING AND USING TSC RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE TalentSnap TEAM BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAVE PAID TO THE COMPANY FOR THE PURCHASE OF TSC. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE TalentSnap TEAM.
These Terms set forth the entire understanding between the Purchaser and the Company with respect to the purchase and sale of TSC. For facts relating to the sale and purchase, the Purchaser agrees to rely only on the Terms in determining purchase decisions and understands that the Terms govern the sale of TSC and supersede any public statements about the TSC token sale made by third parties or by the TalentSnap Team or individuals associated with any of the TalentSnap Team, past and present and during the TSC token sale.
Updates the Terms
The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the Website. Any Purchaser will be deemed to have accepted such changes by purchasing TSC. The Terms may not be otherwise amended except by express consent of both the Purchaser and the Company.
TalentSnap reserves the right to perform additional KYC before tokens are distributed to purchasers of TSC tokens.
Delivery of TSC Tokens
TSC tokens will be delivered to the purchasers ERC-20 wallet within 1-2 weeks upon the completion of the Token Sale. Your full amount will be shown in your dashboard in the meantime.