Terms and Conditions
Before proceeding to buy ARMSP tokens, please read through these terms and conditions for the token sale at the fair launch and use them carefully. By accessing the website at token.armswap.com or the ARMswap platform, and by purchasing tokens, you understand and accept that there are inherent risks involved. Furthermore, these terms include a legally binding waiver of class action, which may impact on your legal rights if applicable. If you do not agree to these terms, please refrain from purchasing the tokens that are described herein.
By participating in the ARMSP token fair launch and Use, you are entering into a binding agreement with us (ARMswap UAB and its affiliated companies).
Who We Are and What This Means for You
When you participate in this fair launch, you're entering into an agreement with ARMswap UAB and its affiliated companies. We operate ARMswap.com and the ARMswap Mobile App, a comprehensive DeFi (Decentralized Finance) platform that specializes in blockchain interoperability. Our platform enables seamless interaction between different blockchain networks, offering various decentralized financial applications and services. ARMSP is our governance token, built on the ERC-20 standard of the Ethereum blockchain, designed to power our ecosystem and give token holders a voice in platform governance. Throughout these terms, we'll refer to you as the "Purchaser" or "Token holder," and together, we're the "Parties" to this agreement.
Your Agreement to These Terms
These Terms outline our commitment to provide you with the ARMSP Tokens during the fair launch, as we both fulfill our roles as Parties. By purchasing Tokens from us, you are solidifying your status as a Token holder, with all the rights and responsibilities that come with it.
Before buying ARMSP Tokens, it is important to thoroughly review these Terms. By clicking on the required boxes and the Submit button when purchasing ARMSPs on the web application, you are expressing your agreement and acceptance to be bound by these Terms, as well as any additional terms incorporated in the future. If you have concerns about these Terms, please do not hesitate to contact us at support@armswap.com. If any of these Terms are not agreeable to you, do not proceed with purchasing the Tokens.
You should read and consider these Terms carefully before deciding to buy ARMSP Tokens, and if necessary, take counsel with a lawyer, accountant or tax consultant.
For a successful ARMSP tokens purchases to occur effectively, the individuals or organizations should have considerable knowledge and experience with the intricacies associated with cryptographic tokens, especially those based on Ethereum or other blockchain technologies. Expertise knowledge on how such tokens is to be stored and transmitted is also important. Although the Company shall be available to assist the Purchasers during the ARMSP Token fair launch, it shall not bear any liability for the loss of cryptocurrency, including ARMSP Tokens, resulting from the failure or actions of the Purchaser. In case you do not have adequate experience or know-how, it is not recommended that you buy Tokens or participate in the fair launch. By participating in the ARMSP fair launch, you understand and acknowledge that you fulfill the requirements outlined in this paragraph.
By purchasing the ARMSP Tokens, you also agree, to the extent permitted by law, that the ARMswap Company and all individuals who have worked for, currently work for, and will work for the Company in the future, including employees, officers, directors, contractors, consultants, shareholders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors, and their designees, will not be held responsible for any losses or damages, whether direct, incidental, or consequential, arising from or related in any way to the purchase of Tokens, including any losses linked to these Terms.
You are now subject to and obligated by these Terms.
By purchasing the ARMSP Tokens, you acknowledge, understand, and agree to the following:
- Purchases of Tokens are non-refundable and cannot be reversed.
- There are numerous and diverse risks associated with purchasing Tokens, which may ultimately result in the loss of all funds paid.
- The Company retains the discretion to reject or revoke requests for Token purchases at any given moment.
- The Tokens do not possess any tangible backing or assets that a Purchaser would be entitled to possess or utilize.
- Some people, particularly those who commit to purchasing Tokens earlier than you, may be granted more Tokens from the Company for the same amount paid. It should be noted that the Company holds the authority to offer Tokens at any given price and/or with any terms considered advantageous or reasonable, without seeking prior approval.
- These Terms are in place to restrict the liability of the Company and its Associates (referred to as "Associated Parties" below) regarding the sale of Tokens.
- Before purchasing Tokens, it is important for you to thoroughly examine all accompanying materials that detail the potential risks involved, including the comprehensive Risk Factors section found in the Confidential Offering Memorandum, to ensure your peace of mind.
These terms do not form a prospectus in any way and are neither an offer to sell nor a solicitation of any offer to buy any security. They also are not an offering, or solicitation, or recommendation to buy or sell securities in any jurisdiction. To the maximum extent permitted by applicable law, both ARMswap company and its associated companies/projects (collectively, "associated parties" and individually, "associated party") hereby disclaim and shall not be liable for any direct or indirect losses of every kind resulting from accessing, dealing with or purchasing any of the services or information in this website or the information so furnished, including but not limited to loss of revenue, income, profits, or data in tort, contract or otherwise. This Disclaimer applies to all actions taken that result from (i) the buyer's reliance on any of the information found in these terms or whitepaper (defined below), (ii) any mistakes, omissions or inaccuracies in such information, or (iii) any consequences of such acts.
Purpose and use of the ARMSP Tokens
The Purchaser agrees to buy, and Company agrees to sell, ARMSP Tokens in accordance with the following terms:
The main objective is to use the sale of ARMSP Tokens to support the development and maintenance of the ARMswap Platform and the smart contract connected to the ARMswap Platform (the ARMswap Contract).
You can find a detailed description of the ARMswap Platform in the Company's whitepaper, which can be accessed at https://token.armswap.com/white-paper (and may be updated periodically).
The ARMSP Tokens have been specifically offered for sale to enhance the usability of the ARMswap Platform (referred to as the "Platform") and all its various features and services (collectively known as the "Services"), as outlined on the ARMswap Website https://armswap.com/. These Tokens are exclusively intended for use with the Platform under the Terms and Conditions stated and serve as a transferable means of fulfilling the designated functions attributed to the Platform and its various Services.
Due to our lack of control over how third parties utilize the Platform, our liability for the Platform is limited. The Company does not provide any warranties or representations and does not guarantee that the ARMSP Tokens will grant any tangible or actionable rights for using, functioning, or benefiting from the ARMswap Platform in the future.
The purpose of the ARMSP Tokens is solely for facilitating the use and access of Services on the ARMswap and/or its affiliated Platform. These Tokens do not grant any additional rights, whether explicit or implicit. The limitations and terms outlined on the ARMswap website https://armswap.com/ govern the usage and interaction with the ARMswap Platform, with any changes periodically updated. It is important to note that the ARMSP Tokens do not function as a form of digital currency, security, or any type of financial instrument. As such, these Terms do not serve as an invitation to the public, whether in Australia or elsewhere, to invest in any securities.
You may sell or trade the Tokens for fiat currency on an exchange, provided that the exchange decides to list the Tokens. We will keep you informed about this, though we cannot guarantee it will happen soon.
Scope of Terms
- When you acquire, own, receive, or possess ARMSP Tokens, please note that these do not come with any express or implied rights, aside from using them to take part in the ARMswap Platform as outlined in these Terms.
- It is important to understand and agree that, except as explicitly stated in these Terms, the ARMSP Tokens do not represent or give you any ownership rights, shares, securities, or similar interests, nor give you any entitlement to future revenue or intellectual property rights in relation to the ARMswap Platform or the Company, its Associated Parties, or corporate affiliates. These rights are subject to limitations and conditions set out in these Terms and other applicable policies, which may be implemented by the Company and other participants of the ARMswap Platform in the future. It is important to note that the Tokens are not meant to be considered as a loan contract, digital currency, security, or any other similar category.
Unless otherwise stated in these Terms, they exclusively govern only your purchase of ARMSP Tokens during the Initial Sale Period – the “First Phase launching on 25th November 2024.” - By purchasing ARMSP Tokens, you are acknowledging that you are fully informed about the potential risks involved with the ARMswap Platform, and the Tokens. Your purchase is not for any other reason, such as speculation or spreading of fear and misinformation to gain an advantage.
- You are aware and consent to the fact that the ARMswap Platform is currently in its early stages of development and will experience significant modifications as time goes on.
- When you buy the ARMSP Tokens for Services on the Platform, it is possible that other relevant terms and policies may apply. It is important to note that new terms and policies may be introduced periodically. By using the ARMswap Platform, you certify that you have comprehensively read and understood (i) these Terms, and (ii) any additional terms and policies that pertain to the Platform. Additionally, you confirm that you will consistently monitor for changes to these documents on the Website https://armswap.com/ or other accessible channels on the ARMswap website and will comply with any updates made to them.
- In the event of any discrepancies between these Terms and the policies pertaining to the Platform, the policies specific to the Platform will take precedence when it comes to matters concerning the use of ARMSP Tokens in conjunction with providing or receiving Services on the Platform.
- The Company is pleased to offer and allow for the purchase of ARMSP Tokens, but only to eligible investors. This means individuals considered Restricted Persons, as defined below, are not allowed to participate. For example, if a proposed acquirer of ARMSP Tokens is a citizen, resident, or located in a country or jurisdiction subject to sanctions, they are considered a Restricted Person (see our list of restricted countries) and therefore not eligible to acquire any ARMSP Tokens from the Company. Similarly, any entity that is created or operates under the laws of a Restricted country or jurisdiction is also not permitted to acquire New Tokens. In accordance with applicable laws, it is important that Restricted Persons do not attempt to acquire ARMSP Tokens from the Company.
Principles
- You acknowledge and agree that the individuals and entities working on the development of the ARMswap Platform, including the Company, will make diligent efforts to continue developing and completing the Platform. However, there is a possibility that this development may not be successful, resulting in your Tokens losing their worth and usefulness. This can happen for various reasons, such as technical issues, business considerations, regulatory changes, or any other unforeseen factors.
- It is important to acknowledge the potential risks involved in the development and release of the Platform. Despite successful completion, the lack of public interest could lead to the abandonment or commercial failure of the Platform. Furthermore, regulatory issues or other factors could result in the shutdown of the Platform. As you buy the ARMSP Tokens, it is crucial to understand and accept the significant financial, regulatory, and reputational risks involved. These risks may include the complete loss of value of the ARMSP Tokens and any associated features on the Platform.
- These Terms and Conditions should not be considered as a prospectus and is not intended as a request for investment. It also does not relate to an initial public offering or a share/equity offering, nor does it involve the offering of securities in any jurisdiction. Instead, it simply outlines the terms for buying the ARMSP Tokens.
- When you buy the ARMSP Tokens, this does not establish any kind of partnership, joint venture, agency, or similar relationship between you and the Company. This also applies to any other individuals or entities involved in managing or running the Platform.
- As soon as you click the check boxes and submit button on the token.armswap.com to purchase ARMSPs, or when you send any unit of acceptable currency or cryptocurrency to the Company's digital wallet address according to the Token Purchase Instructions, these Terms will become effective and legally binding for all parties involved.
We have prepared a white paper https://token.armswap.com/white-paper explaining matters related to the ARMswap Platform and the ARMSP tokens. By acknowledging that you have read and understood the White Paper, without any objection to their content, you demonstrate your understanding of the materials.
Rights Attaching to ARMSP Tokens
The ARMSP Tokens shall, subject to the relevant holder of such Tokens having first satisfied the Company’s Compliance Procedures (defined below), carry the following rights:
Bonus: ARMswap offers exciting bonuses for the early adopters of the platform. As the genesis supply of ARMSP for Token Sale is scheduled to be released in four phases over a one-year duration, early buyers of ARMSP have the opportunity to receive bonus of extra tokens beyond their initial acquisition. Furthermore, distinct purchase limits are established for each phase to ensure fair distribution of ARMSP tokens among the community.
Start Date of Phases |
ARMSP Available for Sale (Cumulative) |
Bonus Up To |
Price |
Minimum Token Purchase per Holder |
Maximum Token Purchase |
Phase 1: 25 NOV 2024 |
160 million |
15.0% |
€1.00 |
10 |
10,000 |
Phase 2: 26 FEB 2025 |
120 million |
10.0% |
€1.10 |
10 |
10,000 |
Phase 3: 27 MAY 2025 |
80 million |
5.0% |
€1.20 |
10 |
10,000 |
Phase 4: 28 AUG 2025 |
40 million |
2.5% |
€1.30 |
10 |
10,000 |
Total |
400 million (32% of Total Supply) |
40,000 |
During each phase, every ARMSP token purchase qualifies for the phase's bonus rate, regardless of purchase size. For example, in Phase 1, whether you buy 10 tokens (the minimum) or 10,000 tokens (the maximum), you'll receive the 10% bonus. By the conclusion of token release Phase 4, users can accumulate up to 40,000 ARMSP tokens through purchases across all phases. With the bonus tokens included a user who reaches the Maximum Purchase limit in all phases would receive 42,500 ARMSP tokens (40,000 base tokens + 2,500 bonus tokens). This generous bonus structure applies proportionally to any purchase amount within the allowed range, ensuring that all participants benefit from the bonus program, whether they make minimum or maximum purchases.
How to Participate in the ARMSP Token Sale
As you read the outlined rights that will be extended to ARMSP Token holders, it is important to keep in mind that these rights may potentially be modified or altered by the Company. This is only if the directors of the Company, acting in a sensible manner, deem it necessary or beneficial to do so. Their goal is to ensure strict adherence to any relevant laws, rules, or regulations.
Important Notice
Token holder rights outlined in these terms may be modified by the Company when necessary to comply with relevant laws, rules, or regulations. ARMswap reserves the right to adjust the Token Sale process or timeframes due to technical factors like network congestion.
Account Registration and Verification
- Create Your Account
- Visit token.armswap.com
- Complete the registration form
- Verify your email through the confirmation link
- Enter the 6-digit verification code sent to your email
- Identity Verification (KYC)
- Complete the three-step KYC process:
- Personal details submission
- Document upload with selfie video
- ERC-20 compatible Ethereum wallet address submission
- Allow up to 48 hours for KYC approval
- Keep your credentials secure and private
- Regularly update your information as needed
- Complete the three-step KYC process:
Wallet Connection and Purchase Process
-
Connect Your Wallet
- Click "Connect Wallet" on the dashboard
- Choose from 450+ supported wallets (WalletConnect, MetaMask, Trust Wallet, etc.)
- Ensure correct network selection (Ethereum Mainnet)
-
Purchase Details
- Price: 1 ARMSP = 1 Euro
- Minimum purchase: 10 ARMSP
- Maximum purchase: 10,000 ARMSP per phase
- Prepare sufficient ETH for gas fees
-
Payment Process
- Send payment in approved currencies only
- Provide accurate payment details as displayed on the website
- Account for gas fees in your total payment
-
Token Receipt Instructions
- Supply a compatible ERC-20 Ethereum wallet address
- Double-check your wallet address - errors may result in permanent token loss
- Follow the specific Gas limit guidelines
- Adhere to all Token Purchase Instructions precisely
Token Delivery
- Token transfer processing: 3-5 minutes after purchase
- Potential extension: Up to 4-8 weeks for technical issues
- Requirements: Complete KYC and accurate wallet information
Important Considerations
-
Security
- Protect your account credentials
- Never share access to your account
- Report suspicious activity immediately
-
Transaction Requirements
- Follow all purchase instructions exactly
- Maintain sufficient balances for gas fees
- Use only approved purchase methods
-
Support and Assistance
- Contact: support@armswap.com
- Provide transaction details when seeking help
- Keep records of all transactions
ARMswap reserves the right to adjust delivery timelines based on compliance requirements or technical needs. All purchases must comply with official Token Purchase Instructions - any deviation may result in token loss.
In addition to the instructions stated above, the Company will also offer additional steps and guidelines for the buying and receiving of Tokens. These guidelines, known as the Token Purchase Instructions, will outline the appropriate Gas limit and the required information to be entered in the sending data field. By agreeing to these Terms, you confirm your understanding and acceptance of the Token Purchase Instructions. It is important to strictly adhere to these instructions, as any deviation may lead to the incorrect transmission or complete loss of your Purchased Tokens.
Tokens can only be acquired through the specified process outlined in the Token Purchase Instructions. Any other means of obtaining Tokens is not approved or endorsed by the Company.
ARMswap reserves the right to postpone the delivery of ARMSP Tokens, provided it deems additional time necessary for analyzing information and documentation received for Compliance Procedures. This extension, approved solely at the discretion of the Company, will not affect the requirements for both the Company and you to make and receive the purchased Tokens.
Rejection and Refund Policy
Once purchased during the ARMSP Token Presale, your ARMSP Tokens are considered final. Any cancellation or refund cannot be granted.
The Company reserves the right to decline your offer to purchase Tokens, either in full or part, with no obligation of providing a justification for the rejection. In such instances, the cryptocurrencies and fiat you have submitted will be returned to you within a period of approximately 5-10 business days, through the process described above.
We will offer you web-based support, which may consist of various forms such as email, web forums, and a comprehensive knowledge base. Please note that we do not offer phone or live support. To contact our support team, simply find the email address on our website. By participating in the Token Presale, it is hereby understood and agreed that you unconditionally and irrevocably waive any rights of set-off, netting, counterclaim, abatement, or similar remedies that you may have regarding Tokens or these Terms, according to the laws of any jurisdiction.
After the Token Sale
As an ARMSP token holder, you should not anticipate having any ownership or power to influence the management of the Company. Before transferring Tokens to another party, you must ensure that the recipient agrees to comply with all terms outlined in this agreement, as if they were also a Purchaser in the Token sale. This includes satisfactorily completing the Compliance Procedures. Please note, no certificates will be issued for Tokens and your personal Token balance will not be recorded by the Company, except for completing the Compliance Procedures.