Terms of Token Sale


Last updated: April 20, 2018


Your purchase of Typerium tokens (“TYPE”) from Typerium Limited. (“Company,” “we,” or “us”) is subject to these Terms and Conditions of the Typerium Token (“TYPE”) Sale (“Terms”). Each of you and Company is a “Party,” and together the “Parties.”

By registering on the Website (as defined below) or by making a contribution for the TYPE Token from us in order to participate in Typerium token sale, including any pre-sale contribution (“Contribution”), you agree to be expressly bound by these Terms together with all other terms, conditions and policies  all of which are incorporated herein by reference.

By accepting these Terms, you acknowledge that you have read these Terms, understand them, and had an opportunity to seek independent financial and legal advice prior to agreeing to the Terms and/or making a Contribution for TYPE Token.

You also warrant and represent that you are (i) at least 18 years old and have full capacity to contract under applicable law; (ii) using legally-obtained funds that belong to you; (iii) not furthering, performing, undertaking, engaging in, aiding, or abetting any unlawful activity through your relationship with us; and (iv) in conformity with and obeying all applicable laws.

1. Other Applicable Terms; Project Documentation

A legally binding agreement constituted between you and us includes these and other applicable terms, rules and policies such as:

  • Typerium KYC Policy, and
  • Typerium Privacy Policy

Our website available at https://typerium.io including its subdomains (the “Website”), white-paper and executive summary as well as any other Information, publications and materials (collectively, the “Information” and/or “Project Documentation”) are solely of descriptive nature, are not an offer or prospectus, are not binding and do not constitute a part of these Terms or the “Information” or an agreement between you and us. We may add to, update or replace any documents or policies referred to in these Terms at our sole discretion, at any time without the obligation of notice.  

In the event of any conflict between them and any other documents or policies referred to in these Terms, these Terms shall control.

2. Restricted Territories

We restrict and reserve the right to restrict contributing and participating in the Typerium token sale in respect of certain jurisdictions and/or citizens or residents of certain jurisdictions, countries, states or territories, (i) where legitimacy of token sales has been challenged, (ii) where token sales have become illegal and (iii) that have been designated by the FATF as a “non-cooperative country or territory” (collectively, “Restricted Territories”).

Please note that due to legal and regulatory uncertainty in the Bangladesh, Bolivia, China, Ecuador, Iceland, India and Sweden (restricted), citizens and residents of those countries are prohibited from making Contributions and participating in the Typerium token sale.

You represent and warrant that You understand and expressly agree that we are not liable if the country of your citizenship, residency or location becomes restricted or otherwise prevents the purchase, sale, trade, conversion or exchange of the TYPE Token.

We may, at our sole discretion, terminate these Terms, close your Account and return your funds if we learn or have a reasonable belief that you are resident in one of the Restricted Territories. The terms of any such return shall solely be the return of the sum you contributed. We shall not be responsible for any loss of gain or increase in value of the TYPE Token.

We do not invite, intend or expect that Contributions should be made in Restricted Territories or by residents or citizens of the Restricted Territories by reason of any Information or materials published by Typerium. The availability of the Project Documentation does not constitute an offer, solicitation or invitation for making Contribution and participation in the Typerium token (“TYPE”) sale in such jurisdictions. The fact that the Project Documentation may be accessible in any such jurisdiction shall not be construed as an offer, solicitation, representation or warranty with respect to the legality of making Contributions, participation in the TYPE token sale or access to and use of the Project Documentation.

It is your sole responsibility to determine and understand the law that applies to you and your actions in the location in which you are present or reside. You should understand your legal rights and responsibilities if you elect to make Contributions and participate in the TYPE Token sale. You represent and warrant that you will act legally with respect to the laws of your jurisdiction when registering on the Website, using the Project Documentation or making a Contribution in the TYPE Token sale.

3. Purpose and Use of TYPE

The Company is proposing to develop a decentralized system for those who create works of art and design, as well as, the creation, sale and licensing of creative content for use in Applications and for use by third parties in the creation of works of art and design (the “System”) and provide relevant services to such customers (the “Services”), which detailed description is provided in the Project Documentation.

TYPE Tokens are intended to function as a means to use the System and access the Services (as described in further details in the Project Documentation) if and to the extent the System is successfully developed and deployed.

TYPE do not represent ownership, equity, shares, royalties or rights to capital, dividends, interest, profit or income in the entity that issues tokens or any other entity in any jurisdiction. In particular, you represent and warrant that you understand and accept that TYPE Tokens do not represent or confer any ownership interest, right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or ownership in/or relating to the Company and its corporate affiliates or its properties, other than rights relating to the use of the System and the access to the Services, subject to limitations and conditions in these Terms and the Project Documentation.

TYPE Tokens are not designed or intended to perform as alternate currency or to have a particular value outside the System.

TYPE Tokens are not intended to and do not constitute any form of money, specie, currencies, legal tender or representation of money in any jurisdiction.

TYPE Tokens are not intended to be a security, commodity, deposit, option, warrant or any other kind of financial instrument. TYPE Tokens shall not be used or purchased for financial speculation or investment purposes.

We make no representations, warranties or representations and offer no assurances that TYPE shall confer any actual or exercisable value, rights of use, functionality, features, purpose or attributes in connection with the System.

You represent and warrant that you understand and agree that You have no, nor are you entitled to claim, for any purpose, any claim or right to any of the Typerium intellectual property rights. We shall, at all times, retain ownership, including all right, title and interest in and to our intellectual property rights and you understand and accept that by making a Contribution or participating in the Typerium (“TYPE”) token sale you will not acquire or otherwise be entitled to any intellectual property rights of the Company.

4. Scope of Terms

These Terms govern your Contribution for the purchase of TYPE from us during the Typerium token sale.

Any potential future use of the TYPE Token in connection with the System and/or Services shall be subject to and governed by such other applicable terms, conditions and policies relating to the use of the System and/or Services. Such other terms will be made available to users of the System and/or Services, if and when the System is successfully developed and deployed.

At any time, at our sole discretion and for any reason or no reason, we may enter into a stand-alone agreement with any of contributors on conditions which may be different from those set out in these Terms.

5. Contribution Procedures and Specifications

Total Number of TYP to be Created and Sold:

~ 2 000 000 000 TYPE to be created at most.
~ 1 000,000,000 to be sold at most, including 300,000,000 during pre-sale.

Token Price:

The price of US$ 0.01 TYPE will be determined in ETH on or before May 21, 2018, 7:00 a.m. UTC.

Payment Method:

Contributions shall be made in ETH or other cryptocurrencies made available by us for such purposes. Your Contributions must be sent from a wallet which you can confirm your ownership. Contributions shall be sent to our wallet address specified in your Account’s dashboard, which shall be made available to you upon acceptance of these Terms. To determine the amount of TYP received in exchange for the Contribution made in a cryptocurrency other than ETH, the applicable cryptocurrency exchange rate to ETH quoted by https://coinmarketcap.com/ shall be used.

We may use other analytics tools that work in a way similar to Google Analytics.

6. Why We Collect Information

The Information we collect is used for:

  • Processing payments, providing you an opportunity to participate/Contribute in the
    TYPERIUM token sale and providing you the Typerium Website and its functionality;
  • Setting up, operating and managing your account;
  • Identification and verification;
  • Monitoring your transactions for the purposes of preventing, fraud, money laundering
    criminal activity and unfair practices;
  • Analytical and statistical analysis;
  • Your seamless interaction with the Typerium Website;
  • Understanding of your interaction with the Typerium Website;
  • Typerium Website security;
  • Improvement and development of the Typerium Website or our other services and
  • Legal and regulatory reasons, including enforcement of this Policy and the Terms and as
    may be required by law and/or governmental agencies;
  • Sending you related information, including promotions, special offers, confirmations,
    newsletters, updates, and security alerts.

Using your name and email address, we will occasionally send you alerts or information on products, bonuses and promotions related to our services. You can opt out from these emails any time.

7. How Long We Retain Information

The period for which we retain your Information depend on the purposes for which we use it. We will keep Your Information for the time You are a User and, thereafter, for no longer than is reasonably necessary for reporting and reconciliation purposes pursuant to legal requirements and to provide you with any feedback or information You might request or require.

8. Your Consent

You represent and warrant that You expressly consent to our processing, collection, transfer, storage, disclosure and other uses of Your Information as described in this Policy and the Terms at instance when you:

  • Register with Us;
  • Provide Information to us through the Website;
  • Browse and use the Website; and
  • Participate in any Contribution/sale of Typerium Token.

In addition, through this use and interactions with the Website you further expressly consent to Our (and/or our suppliers and subcontractors):

  • Collection of Information by automated means, such as cookies, local storage or the intended functionality of the Typerium Website, and to our subsequent processing and using of Information in accordance with this Policy and Terms;
  • Transfer and processing Your Personal Data outside of the European Economic Area or other areas where such actions are restricted by law unless you give express consent, which you hereby do so grant;
  • Storage and transfer of your Personal Data to locations wherever We and our service providers have facilities.

9. Disclosure of Information

We may release Information concerning Your use of the Website:

  • To provide You with the services and functionality of the Website;
  • If such action is permitted in the Terms;
  • When We have a good faith that such release is appropriate to comply with the applicable law, regulation, legal process or governmental request (for example, pursuant to a statutory demand, subpoena, warrant or court order);
  • In order to detect, prevent and investigate fraud or money laundering issues;
  • To enforce this Policy and/or the Terms;
  • To detect, prevent or otherwise address security or technical issues;
  • To protect against abusive or unlawful use of the Typerium Website;
  • To protect the rights, safety, or property of Users, or any other third parties;
  • If we reasonably believe that a situation involving danger of death or injury to any person requires disclosure;
  • In other ways described in this Policy and the Terms.

10. Sharing Information

We may share the Information we collect only under any of the circumstances identified in this Policy and/or the Terms.

We will not share any Personal Data provided by You with third parties except within Our associated or subsidiary companies, and with service providers or suppliers under contract who help with Our business operations such as payment processing, compliance and User verification, fraud investigation, information management and analytics. Such providers are obligated not to disclose Your Personal Data and authorized to use it only as necessary to provide their services to Us. We may also make inquiries and disclose Your Personal Data to agencies, security organisations and any other relevant third parties and as may be required by law for fraud and money laundering prevention.

11. Security of Personal Data

We will take commercially reasonable precautions to protect Personal Data from loss, misuse and unauthorized access, disclosure, alteration and destruction. We process all Information using industry-standard techniques.

We implement the following administrative, technical, and physical measures for the protection of Personal Data:

  • Administrative measures. Access to Your Personal Data is limited to authorized personnel who have a legitimate need to access it based on their job descriptions. In case third-party contractors process Personal Data on Our behalf, similar requirements are imposed.
  • Technical measures. Personal Data is transmitted in encrypted format using SSL technology. We use up-to-date firewall protection and high-quality antivirus and anti-malware software however; no security measure is perfect.
  • Physical measures. Access to Personal Data is not permitted via the Internet except using an encrypted virtual private network. We store Personal Data on servers provided by third party hosting vendors with whom We have contracted.

However, We do not guarantee or warrant that such techniques will prevent unauthorised access to Information, including Personal Data that We or Our contractors store.

12. Business or Asset Transfer

In the event that We and/or a line of our business, or Our assets are transferred, sold or merged with another business, Information may be one of the transferred assets and we will not be obliged to notify you or need your consent in order to transfer Information.

13. Modifications

We reserve the right, at Our sole discretion to put into effect, modify or revise this Policy at any time by posting the Policy or revised Policy on the Website. The Policy or any changes will become effective upon posting of the revisions. If We make any material changes to the Policy We will, but are not obligated, to use reasonable efforts to inform you by email or by posting a notice on the Website.

We encourage You to review this Policy each time You visit the Website to make sure You understand the most current Policy. Your continued use of the Website signifies your acceptance of any implemented or changed terms.

14. Changing or Updating Your Personal Data

We take reasonable steps to ensure that the Personal Data we hold about you is accurate, complete and up-to-date. However, We rely on You to advise Us of any changes to your Personal Data.

Please log into Your account or contact us as soon as possible if there are any changes to Your Personal Data or if You believe the Personal Data we hold about you is not accurate, complete or up-to-date so that We can update our records accordingly.

15. Changing or Updating Your Personal Data

If, for any reason, you are concerned with the way that we may be using your Personal Data, or you have questions about the privacy aspects of the Website, please, contact us at info[at]typerium[dot].io.

Typerium exercises commercially reasonable measures and partners ensure security and privacy. If a third-party compromises the security of Typerium’s systems or those of its partners, Typerium cannot guarantee the security of the TYPE Tokens.

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