Legal Due Diligence
Beaxy Digital, Ltd., a Nevis International Business Corporation (the Company), will be issuing
Beaxy tokens (BXY) via an ICO as detailed in this white paper. As part of legal due diligence,
the Company has consulted with several lawyers and law firms specializing in blockchains and
ICO offerings to evaluate the implications of Beaxy's structure, token launch, and operations.
The Company makes no guarantees regarding the legality of the platform or launch in any given
jurisdiction. We will be responsive and collaborative with any regulators as necessary going
forward. It is possible that, during the pendency of the Pre-Sale or ICO token sale and any time
thereafter, regulation may change and can affect the classification of the token.
Legal Implications of Token Launch
None of the information or analyses presented are intended to form the basis for any investment decision, and these terms do not provide for any specific recommendation. The Company’s services provided through the Beaxy platform do not offer and should not be construed as investment or financial products.
Potential Technical Change
Some of the features offered on the Beaxy Exchange are based on the Company’s current understanding of blockchain technology and the assumption that blockchain systems will continue to function how they are presently. In the event that the nature of the blockchain changes dramatically for example due to high congestion, change in proof of work, network splits, 51% attack or any other unpredictable event, the platform’s stability and our ability to deliver features described here may be negatively impacted.
Persons using the Beaxy Exchange (hereinafter “The User”) understands that the Company does not act as a tax agent of User and thus the User and the Company carry their respective tax obligations under the applicable laws of the country and location of their tax residency. The Company is not a tax agent and therefore shall not provide Users' financial information to any third parties. This information shall not be disclosed unless officially requested by government authorities with a valid and enforceable subpoena. Any person that purchases tokens or uses an exchange should consult a tax professional.
All of the information provided within this whitepaper is provided “AS-IS” and with no warranties. No express or implied warranties of any type, including implied warranties of merchantability or fitness for a particular purpose, are made with respect to the information, or any use of the information, on this site or platform. The Company makes no representations and extends no warranties of any type as to the accuracy or completeness of any information or content in this whitepaper or regarding this platform.
Disclaimer of Liability
The Company specifically disclaims liability for incidental or consequential damages and assumes no responsibility or liability for any loss or damage suffered by any person as a result of the use or misuse of any of the information or content in this whitepaper or on the Beaxy Website. In no event shall the Company be liable to User for any special, indirect, incidental, consequential, exemplary or punitive damages (including lost or anticipated revenues or profits and failure to realize expected savings arising from any claim relating to the services provided by Notary) whether such claim is based on warranty, contract, tort (including negligence or strict liability) or otherwise or likelihood of the same.
Force Majeure Clause
User understands that the Company will not be liable to them for any breach hereunder, including for failure to deliver or delays in delivery of the services occasioned by causes beyond the control of the Company.
General Warning and Consent
Participation in this ICO is not intended to represent an investment opportunity but rather a purchase of tokens, allowing for future use of the services provided by the Beaxy Exchange. It does not constitute an offer or invitation by the Company to any User to buy or sell tokens or make an investment. The User guarantees that they are a legally capable person of a majority age and comply with all applicable laws of the jurisdiction where they reside. By participating in the Pre-sale and/or token sale (ICO) User confirms that they have read, understood and agree to comply with all restrictions set forth above. herein, and all ICO circulars, terms and conditions, KYC and other documents and risk factors that are provided by the Company as part of the token sale process.
The Company intends to become a profitable entity with its focus on providing a proprietary exchange wherein people may trade various cryptocurrencies. The risks and uncertainties are not limited to those described herein. Additional risks and uncertainties not known to the Company or ones known now, but believed to be less significant, could also impact the Company. Among other things, carefully consider the following:
THE COMPANY WILL OFFER DIGITAL TOKENS THAT PROVIDE THE HOLDER WITH A LICENSE TO ACCESS BEAXY’S EXCHANGE AND OTHER BENEFITS OUTLINED IN THIS WHITEPAPER, WHICH SUCH LICENSE MAY BE SUBJECT TO EXTENSIVE LEGAL AND REGULATORY UNCERTAINTY, PRICE VOLATILITY AND SECURITY RISKS. The Company will offer a cryptographic digital token (“Digital Assets”), which shall grant an investor a license (“License”). Digital Assets have only recently been the subject of domestic and foreign regulatory focus. As the market share for Digital Assets has grown, certain regulatory agencies and other jurisdictions have begun to examine the nature of Digital Assets and the markets on which they are traded.
In making a decision to acquire a License and trade the Digital Assets, prospective investors must rely on their own analysis of the investment opportunity discussed herein. The prospective investors must recognize the risk involved and be able to bear the risk of losing their investment.
IMPORTANCE OF MANAGEMENT.
The Company intends to rapidly and significantly expand its operations in order to provide market opportunities and attract market participants, which helps provide market liquidity. The anticipated rapid growth may present challenges to the Company’s management, operational, and financial resources. Among other things such as market forces, the Company's success and the success of the Beaxy Exchange depends on current management personnel’s operation of the business.
FUTURE GOVERNMENT REGULATION MAY ADD TO OPERATING COSTS.
The Company and the Beaxy Exchange operate in an environment of uncertainty as to potential government regulation. Laws and regulations may be enacted and subsequently enforced by various government agencies, which could impact the Company’s business operations and generally impact the cryptocurrency industry.