{TheskyMinableCoin} Terms and Conditions.

Introduction

The following Terms and Conditions control your membership in the {TheSkyMnableCoin.com} program. You agree that you have read and understand this Agreement ("Agreement") and that your membership in the {TheSkyMinableCoin.com>.com} program (the "Program") shall be subject to the following Terms and Conditions between you (the "Member") and {TheSkyMinableCoin.Com}. These Terms and Conditions may be modified at any time by {TheSkyMinableCoin.com}. Please review them from time to time since your ongoing use is subject to the terms and conditions as modified. Your continued participation in {TheSkyMinableCoin.Com} after such modification shall be deemed to be your acceptance of any such modification. 

Terms of Participation

Member must be 18 years of age or older to participate. Members must provide {TheSkyMinableCoin.com} with accurate, complete and updated registration information, including an accurate name, and email address.


TheSkyMinableCon is responsible for the management, development and operations of the TheSkyMinablecoin Exchange. TheSkyMinable directly receives all funds (ETH) from the TSMC Token Sale and controls how those funds are spent regarding the ongoing development, marketing and operations of the TSMC Exchange project. TSMC TOKEN owners use Decentralized Governance by Blockchain (TSMC) to govern and control the token issuance powers of THESKYMINABLE.

 

Definition of The TheSkyMinable Exchange

The TheSky Minable Exchange is the software platform currently under development by TheSKyMinable or affiliate thereof that, subject to further development, is intended to provide commission-free Minable markets on various cryptocurrency prices. The native currency of the TheSky Minable Exchange is the TSMC TOKEN, meaning that all trading profits, losses, margin payments, deposits, withdrawals and account balances are denominated in TSMC TOKENS.

Immediate Control of Raised Funds

All funds (ETH) raised in the Token Sale go directly to a smart contract which is under the immediate control of TheSkyMinable. All raised funds will be kept in ETH until they are required to cover costs in the TheSkyMinable smart contract and will be publicly viewable on etherscan.io.

Intended Purpose and Use of TSMC TOKENS
The intended purpose of the TSMC TOKEN is twofold:

  1. As the medium through which traders on the TheSkyMinable  Exchange pay their margin requirements and settle their trading profits and losses with each other.
  2. As the voting unit that gives owners control of the  TSMC token issuance system.

 

  1. The TSMC TOKEN as a means of settling trading profits and losses

Price movements on futures markets on the ThSkyMinable Exchange incur a profit or loss for any trader with an open position that is denominated in TSMC TOKENS. Traders must deposit sufficient margin requirements into their trading account, denominated in TSMC TOKENS, before they can attempt to enter any open position on any TheSky MinableCoin market.

 

  1. The TSMC  TOKEN as the voting unit that gives owners control of the TSMC token issuance system

Another intended purpose of the TSMC TOKEN is to act as the medium through which owners of TSMC TOKENS can actively engage in the governance of TheSky MinableCoin through Decentralized Governance by Blockchain 

Ownership of TSMC TOKENS carries no other rights, express or implied, other than the right to use TSMC TOKENS as a means to enable usage of the TheSky MinableCoin Exchange and to participate in governance of TheSkyMinable  through voting mechanisms encoded into smart contracts, if successfully completed and deployed. In particular, you understand and accept that TSMC TOKENS do not represent or confer 

Additionally, TSMC TOKENS do not constitute the provision of any goods and/or services as of the date you agree and accept these Terms, and both parties become bound to the provisions listed herein.

TheSkyMinable makes no warranties or representations and offers no guarantees (in each case whether express or implied) that the TSMC TOKENS shall confer any actual and/or exercisable rights of use, functionality, features, purpose or attributes.

Privacy Policy
For whitelisted users, we collect email addresses, ethereum address for delivering coins and IP address to verify jurisdiction. We will retain this information for the purposes of conducting the sale lawfully.

 

Taxes
The purchase price that you pay for TSMC TOKENS is exclusive of all applicable taxes. You are solely responsible for determining what, if any, taxes apply to your purchase of TSMC TOKENS, including, for example, sales, use, value added, and similar taxes. It is also your sole responsibility to withhold, collect, report, pay, settle and/or remit the correct taxes to the appropriate tax authorities in such jurisdiction in which you may be liable to tax. We are not responsible for withholding, collecting, reporting, paying, settling and/or remitting any sales, use, value added, or similar tax arising from your purchase of TSMC TOKENS.

 

Miscellaneous
These Terms constitute the entire agreement between you and us relating to your purchase of TSMC TOKENS from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms and update the “Last Updated” date above. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms without your consent. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control. Purchasing TSMC TOKENS from us does not create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise provided in herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form.

By purchasing, holding and using TSMC TOKENS, you expressly acknowledge and assume the following risks:

 

Risk of Losing Access to TSMC TOKENS Due to Loss of Private Key(s)
A private key, or a combination of private keys, is necessary to control and dispose of TSMC TOKENS stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing TSMC TOKENS may result in loss of such TSMC TOKENS. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your TSMC TOKENS.

Risks Associated with the Ethereum Protocol
Because TSMC TOKENS and the Network are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the Network or TSMC TOKENS. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the TSMC  TOKENS and the Network by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.

Risk of Mining Attacks
As with other decentralized cryptographic tokens based on the Ethereum protocol, the TSMC TOKENS are susceptible to attacks by miners in the course of validating TSMC Token transactions on the Ethereum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the Network and the TSMC TOKENS, including, but not limited to, accurate execution and recording of transactions involving Tokens.