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Risks & Limitations

The tokens are sold by Sikoba Ltd, a company registered in the UK with registration number 10283521. Its registered address is 20-22 Wenlock Road, London N1 7GU. The laws of the United Kingdom apply to all aspects of this presale. These tokens are "unregulated tokes" as defined by the FSA here, they are neither security tokens nor e-money tokens.

Information presented in this section, or elsewhere in any form or context, does not constitute a solicitation for investment, nor does it pertain, in any way, to an offering of securities or similar, under any definition in any jurisdiction.

The section outlines the Risk and Limitations of Sikoba with regards to its presale of cryptographic tokens (”Sikoba tokens”). The following section applies to purchasers of Sikoba tokens (”Purchasers” collectively, and ”Purchaser” individually). Ownership of Sikoba tokens represent only the right to use a distributed software system (the ”Sikoba network”) and ownership grants no right to claim value from Sikoba Ltd or the Sikoba network in any way, now or in the future. Ownership of Sikoba tokens does not grant, expressedly or implied, any voting right or rights to capital or similar, in Sikoba or any other entity. Purchasers should have no expectation of influence over Sikoba Ltd. or the Sikoba network. Purchasers expressly acknowledge and represent that they fully understand all risks, costs and terms which applies to purchasers of Sikoba tokens and agree to be bound by all applicable terms, express or implied, presented on the Sikoba website or in any other medium. Purchasers also represent and warrant, to the extent permitted by law in the United Kingdom that you or any representative are authorised to purchase Sikoba tokens and that you are of legal age, or that you have received permission from a legal guardian who has reviewed and agreed to all applicable terms.

Sikoba does not claim that Sikoba tokens have, or will ever have, any value whatsoever. Sikoba assumes that all purchasers have considered all risks, but not limited to, those presented in this document and to the extent necessary have consulted an lawyer, accountant or tax professional.

You are responsible for your own purchases. You are responsible for conducting your own due diligence to ensure you are acting within any applicable law in your jurisdiction(s). The Purchaser understands that there is no warranty whatsoever on Sikoba tokens, express or implied, to the extent permitted by law, and that tokens are purchased on an ”as is” basis.

By purchasing Sikoba tokens, to the extent permitted by law, you are agreeing not to hold any of the Sikoba parties liable for any losses or any special, incidental or consequential damages arising from, or in any way connected, to the sale of Sikoba tokens, including any losses associated with all risks associated with the technology, specifically but not limited to, of Sikoba tokens.

By purchasing Sikoba tokens, the Purchaser:
  • represents and warrants that the Purchaser has an elaborate understanding of the usage and intricacies of cryptographic tokens, how to store such tokens and blockchain-based software systems;
  • represents and warrants that the Purchaser is legally permitted to purchase Sikoba tokens in the Purchaser’s jurisdiction;
  • represents and warrants that the Purchaser is not a citizen or resident of the USA;
  • represents and warrants the the Purchaser is of sufficient age to legally purchase Sikoba tokens or has received permission from a legal guardian who has reviewed and agreed to all applicable terms;
  • represents and warrants the the Purchaser understands all risk, including but not limited to those presented below, associated with participating in the presale;
  • represents and warrants that the Purchaser will take sole responsibility for any restrictions and risks associated with the purchase of Sikoba tokens, generally and specifically as set forth below; and
  • represents and warrants that the Purchaser is not purchasing Sikoba tokens for the purpose of speculative investment, and is only acquiring Sikoba tokens for usage on the Sikoba network, which is yet to be created, or to support the development of the Sikoba network.

Important considerations

Market potential

The Sikoba network aims to operate in the sector of peer-to-peer IOUs, a market with unchartered potential. Purchaser’s acknowledge that there is no guarantee that the market for peer-to-peer IOUs will grow or even exist in the future. Sikoba has no visibility as to when, if ever, the Sikoba tokens might gain acceptance and value.

Time to market

Purchasers acknowledge that any estimation with regards to time to market is an speculative estimation. As the Sikoba network still is in its infancy, the estimation may differ from day to day, as a result of the significant technological hurdles existing as a result of the functionalities the Sikoba network wishes to implement.

Complex operational technology

Purchases of Sikoba tokens should only be undertaken by individuals, entities or companies that have significant experience with, and understanding of the usage, intricacy and complexity of cryptographic tokens and in particular with the storage and transmission mechanisms of such tokens. Purchasers will be responsible for managing Ethereum accounts used to participate in the Sikoba token presale. Purchasers acknowledge the inherent operational risks involved in using Ethereum accounts, and the fact that Sikoba will not be able to assist in any way, in case a participant loses access to their Ethereum account.
To mitigate these issues, Sikoba may offer to hold presale tokens in trust for token holders.

Failure to launch project

The Purchaser understands that while the Sikoba team will make all reasonable effort to launch the Sikoba network, it is possible that an official completed version of the Sikoba network may not be finished, released or operational. It is also possible that a finished version will be shut down due to a lack of public interest, regulation or any other reason at the discretion of Sikoba Ltd. A failure to launch the Sikoba network, or a lack of public interest, may significantly compromise the value of Sikoba tokens.

The Purchaser has carefully read the present document, and understands and accepts the terms of the sale as well as the risks and limitations presented above.

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