Tron Europe Ltd. Terms and Conditions
The following terms and conditions apply to the TronEuropeRewardsCoin, as well as to the general cooperation with Tron Europe as a project platform. If you do not agree with these terms and conditions, please refrain from making project requests and from purchasing or receiving the TronEuropeRewardsCoin in the manner set forth herein.
§ 1 Business content and material information
1.1. 1.1 Tron-Europe Ltd. (hereinafter “TE”) is a Maltese company with its registered office at 143, Fleur – de – Lys, Birkirkara, Malta under registration number C92719, represented by the owner Dirk Frank
1.2 TE is directly connected to the Tron Foundation and, depending on its votes, is either a candidate for a position as a Super Representative (hereinafter “SR”) or, if there are enough votes, an SR. As a SR, TE is automatically also a block producer for the TRON network. The votes received for a position as SR and, if available, the block production, will be rewarded by the TRON Network with its own cryptocurrency TRX. TE, for its part, rewards the voters with its own cryptocurrency, the TronEuropeRewardCoin (“TERC”).
1.3 TE is a project platform for advanced blockchain-based ideas and supports them with its comprehensive range of services in the further development and realization of their ideas.
1.4 With the aim of creating a market-relevant business platform, TE has developed a self-contained business cycle in which the projects and TERC are essential factors.
§ 2 The TronEuropeRewardCoin („TERC“)
2.1. The TERC is a TRC-10 token on the Tron Blockchain with the tokenID 1003075. The TERC is tradable. It has a total circulation of 4,000,000,000. All transactions and essential information of the TERC can be tracked at the following link: https://tronscan.org/#/token/1003075 .
2.2 The TERC is designed as a RewardCoin and is issued exclusively as Rewards for voting and holding frozen TERC, which increases the number of circulating tokens.
2.3 Rewards distribution is based solely on the number of TRX received from the TRON network. TE will distribute the received TRX to the Voters and Holders (frozen) in a ratio of 1 to 2 TERC.
§ 3 Voting – Rewards
3.1 As a part of the Tron network, TE strives to be one of 27 Srs permanently. For this, the voting votes of the TRON community are needed. Voting is done by users freezing their own TRX via their TRONScan wallet and setting it as a vote for TE. Regardless of whether TE is a SR or not, voters will be rewarded for their vote in a 1 to 2 ratio.
3.2 The Reward distribution results from the following formula and explanation. The TRON network has a total of 27,467,205,035 votes and a daily pool of VoteRewards for the entire network of 4,608,000 TRX. 4,608,000 TRX : 27,467,205,035 votes = 0.0001677576 per vote (TRX count per vote). The votes received on the day are multiplied by the TRX/Vote. This gives the total amount of TRX provided to TE. Since the distribution is made every 6 hours, the total amount must be divided by 4. The resulting number of TRX is distributed to the voters in a 1 to 2 ratio. Thus, for one TRX you receive 2 TERC.
3.3. Marketing measures (e.g. lotteries and competitions, not conclusive) can be carried out in the former ICO an in the Private Sale. In this case, the distribution to the participants is made from the marketing volume earmarked for this purpose. By receiving the distributed BFHT, the participants become token holders and are therefore considered investors for the purposes of these conditions.
3.3 TE reserves the right to adjust the payout ratio of 1 TRX to 2 TERC to market conditions and to increase or decrease it accordingly for business reasons. The community will be informed about this process in due time, but no later than 24 hours before the increase or decrease via the usual social media channels and Telegram groups.
§ 4 Holder – Rewards
4.1 TERC Holders will be rewarded for holding frozen TERC every 6 hours with additional TERC if they have frozen their TERC via this Freezingcontract https://tronscan.org/#/address/TTVk7JoV7v6vp6yGjpJHC9S3VMiHk71gSR for a certain period of time. Access to the Freezingcontract is also available via the website www.tron-europe.org.
4.2 The total amount of distributed TERC is based, identically to § 3, on the received TRX of the TRON network and is also carried out in a ratio of 1 to 2.
4.3. The distribution of the profit participation right is based on Tron Europe ltd. model. Consequently, investor satisfaction is generally based on the Tron Europe Reward Coin (TERC). Deviations from this are possible in principle and will be implemented within the framework of the application upon request and/or with consent.
§ 5 TE – Categories
5.1 TERC Holder can increase their Holder – Rewards for frozen TERC. The following classes have been developed for this purpose.
50001 – 124999 ——————— Knight
125000 – 249999 ——————– Noble
250000 – 499999 ——————– Magister
500000 – 999999 ——————– Lord
>= 1000000 ————————- Noble
5.2. The distribution of the bonuses is based on the bonus distribution for the TERCium Force, but can be broken down to an additional distribution in relation to the basic ratio of 1 TRX to 2 TERC. The background is the pioneering position of the TERCium Force and the fairness achieved at the same time within all TERC holders.
5.3. TE reserves the right to adjust the Holder reward distribution for strategic reasons and to increase or decrease the distribution of 40% to the Tercium Force and thus in the corresponding ratio for all other categories, as well as the base distribution of 1 to 2. The community will be informed about this process in a timely manner, but no later than 36 hours before the increase or decrease via the usual social media channels and Telegram groups.
5.4. TE further reserves the right to add additional categories.
§ 6 Freezing
6.1. Within the Freezingcontract, TERC holders have different freezing periods at their disposal, which result from the TERC – Holder – category.
6.3 If TERC has been frozen in a certain category, this period is not subject to the changes mentioned in § 5.3. if it is a reduction. The period is binding for TE with the corresponding bonus level. If the bonuses determined in 5.3. are increased, then the frozen TERC also benefit from the increase of the bonuses.
§ 7 TE and Projects
7.1 TE sees itself as a platform for the support and development of projects, which are integrated into the TE ecosystem.
7.2 The scope of services provided by TE may always be extended or reduced in view of its own resources.
7.3 TE reserves the right to review the project requests for their suitability, feasibility, market resonance and TE compatibility at its own discretion and to reject corresponding applications.
7.4 TE and the project shall conclude an individual contract which is subject to a confidentiality agreement and in which essential components of the further cooperation, the costs and the service provided, etc. shall be regulated.
7.5 By presenting projects on the website and all common social media channels, TE does not assume any purchase recommendation or investment advice, but acts here exclusively as a presentation and information platform. All interested parties are always encouraged to inform themselves independently about the project, to coordinate with professional and knowledgeable advisors and to contact the project directly and clarify any questions that arise. Here TE can act as a messenger and establish contact with the projects.
7.6 Upon completion of the second phase of the TE ecosystem, the project is encouraged to obtain its own legal personality in a self-determined jurisdiction. Even before obtaining its own legal personality, the liability, as well as the copyright, rests with the project.
7.7 Regardless of any legal support, as well as the contacts established here, each project is obliged to provide legal security.
§8 The TE Ecosystem
8.1 The TE ecosystem includes the project accompaniment incl. support, as well as the later integration into the entire network. Essential factors are:
– Investment phase (Early Stage – ICO – TE Community) in TERC.
– Continuous support of the investment volume by TE due to investor protection
– Investor satisfaction through a participation right in 50% of the partial profits email@example.com
– Investor satisfaction from phase 4 in TERC
– TERC accepted as InApp (among others)
– constant TERC purchase from the market for the purpose of investor satisfaction
– Participation in cross selling (if compatible with project content)
8.2 Investor protection is an important component of the ecosystem. This relates to all phases of the joint collaboration up to the release of the project and includes the assurance of trust in the authenticity, feasibility and financial planning security of the projects and ensures that funds collected are not misappropriated or wasted. In addition, for reasons of investor protection, the projects are required to protect the later investors from a rapid and sudden flooding of the market by the early stage investors, who have invested at significantly favorable conditions, according to the possibilities.
8.3 If and to the extent that individual characteristics of the TE Ecosystem are not relevant for individual projects, TE reserves the right to make individual arrangements. If such agreements are made, the Community shall be expressly informed about the nature and content of the deviations via Telegram Channels, social media and in particular during the presentation of the respective project.
§9. Connection to the TRON network
Until further notice, the distribution of Rewards is in direct proportion to the total pool provided as Rewards by the TRON Network. TE has no influence on the amount of the distribution made available and on its general existence. These amounts may change at any time. Information about changes will be communicated by the TRON network in all common social media channels and Telegram groups and will be forwarded by TE directly to its own community. If corporate strategic reasons require a detachment from the TRON Network, TE reserves the right to detach. All related circumstances, changes, transition periods will be communicated to the community in a timely manner. Although the Rewards, as well as their amount, are a voluntary benefit, TE will, regardless of external circumstances, keep the community’s welfare in mind through the Rewards as an essential corporate guideline.
§10. Recognition and assumption of risks
10.1. You acknowledge that there are risks associated with the purchase and possession of the TERC. With the acquisition of TERC, the Holder and Voter expressly acknowledges that the following risks, among others, are associated with the purchase:
10.1.1. Risk of loss of access to tokens due to loss of the private key(s), errors in portfolio management or buyer errors. A private key or a combination of private keys is required to manage and dispose of the tokens stored in your digital wallet or vault. If you lose the required private key(s) to your digital wallet or vault, in which the tokens are stored, the tokens will be lost. In addition, a third party may acquire your tokens unlawfully by gaining access to this private key(s), including by gaining access to the login details of a hosted wallet service you are using. Any error or malfunction caused by or otherwise related to the digital wallet or vault you have selected to receive or store the tokens, including your own errors in the administration or use of such digital wallet or vault, may also result in the loss of your tokens. If you do not strictly follow the procedures prescribed for the purchase and reception of the Tokens, for example by entering an incorrect or non-TRC-10 compatible receiving address for the Tokens, this may also result in the loss of your Tokens.
10.1.2. Risks associated with the TRON protocol.
Since the TERC are based on the Tron protocol, a malfunction or failure or setting of the Tron protocol may have an adverse effect on the TERC. In addition, advances in cryptography or technical advances, such as the development of the quantum computer, may pose risks to the TERC and the network. This also includes the usefulness of TERC for obtaining services if the cryptographic consensus mechanism underlying the Tron protocol becomes ineffective.
10.1.3. Risk of Mining Attacks.
As with other decentralized cryptographic tokens based on the Tron protocol, TERC are vulnerable to Miner attacks when validating TERC transactions on the Tron block chain. This includes, but is not limited to, double spending, 51% attacks, and selfish mining attacks. Any successful attack poses a risk to TERC, including, but not limited to, the correct execution and recording of transactions with TERC.
10.1.4. Hacking risk and security deficiencies.
Hackers and other malicious groups or organizations ma y attempt to influence the TERC invarious ways. This includes, but is not limited to, malware, consensus-based attacks, Sybil attacks, smurfing and spoofing. Since TERC is also based on open source software, there is a risk that a third party or a member of society may, intentionally or unintentionally, incorporate weaknesses in the core infrastructure of the token protocol, which could have a negative impact on TERC, in particular on the usability of the tokens to obtain the services.
10.1.5. Risk of uninsured losses.
Unlike deposits on bank accounts, the tokens are not subject to deposit protection or other public safeguards. In the event of a partial or total loss of value of the tokens, there is thereforeno public institution to compensate you for this loss.
10.1.6. Risks associated with uncertain regulations and enforcement actions.
The regulatory status of the TERC or the distributed ledger technology is unclear or open in many jurisdictions. It is unpredictable how and whether regulators will apply existing regulations to this technology and its applications, including network and TERC. Similarly, it is not possible to predict how and whether legislators or regulators will make changes to laws and regulations that affect distributed ledger technology and its applications, including TERC. Government action may have a negative impact on TERC in a number of ways. Such action may include, but is not limited to, a governmental determination that the purchase, sale, or delivery of tokens constitutes an unauthorized act or that the tokens are a regulated instrument that requires registration or approval of such instruments or of all or any of the parties involved in the purchase, sale, or delivery of such instruments. The Company may cease operating in any jurisdiction where it becomes illegal as a result of regulatory action or changes in laws or regulations, or where it makes no economic sense to obtain the regulatory approval(s) necessary to operate in such jurisdiction.
10.1.7. Risks arising from taxation.
The tax characterization of the tokens is uncertain. The user himself must seek tax advice from qualified advisors in connection with the purchase of tokens, as this can have a tax disadvantage for you, e.g. through withholding taxes, income taxes or tax reporting obligations.
10.1.8. Risks associated with the development and maintenance of the Network.
The Network is still under development and may experience significant changes over time. While we intend the tokens and the network to operate as described in the white paper and will take all commercially reasonable steps to do so, we do not intend to use the tokens or the network in any way that is not in accordance with this white paper. However, we may be forced to make changes to the token or network properties for a number of legitimate reasons. In addition, we have no control over how other participants will use the network, what third party products or services will be offered over the network, or to what extent (if any) third party products and services will use the tokens. This leads to the risk that the tokens or the network may not meet your expectations at the time of purchase as they are further developed and maintained. In addition, it is possible that disruptions or inadequacies in the development or maintenance of the network may occur, which may have negative effects on the network and tokens as well as the potential usefulness of the tokens, in particular for obtaining the services.
10.1.9 Risk of liquidation of the company
For a variety of reasons, including, but not limit ed to, unfavorable fluctuations in the value of BTC, ETH, TRX (or other cryptographic currencies or fiat money), the decrease in the usability of the tokens (including usability for obtaining services), the failure of business relationships or challenges to intellectual property, the operation of TE may no longer be profitable or the Company may dissolve or become insolvent.
10.1.10. Risks due to lack of control rights.
As the TERC s do not confer any rights of control over the legal entity of TE, all decisions concerning the Company’s products or services or the Company itself will be taken by the Company at its own discretion. This includes, but is not limited to, discontinuing decisions, products or services or selling or dissolving the Company.
10.1.11 Unforeseen risks.
Cryptographic tokens, such as the TERC, are a new and not yet widely tested technology. In addition to the risks mentioned in this Section 10 of these Terms and Conditions, there are other risks associated with your purchase, ownership and use of the Tokens, in particular unforeseen risks. These risks may also materialize as unforeseen variations or combinations of the risks set forth in Section 9 of these Terms.
10.1.12 Total loss risk.
Each of the above-mentioned risks, individually or in combination with the realization of one or more other risks, is likely to cause the partial or total loss (total loss) of the means employed by users to acquire TERC. This also applies to the risks described in section 10.1.1 to 10.1.12.
IMPORTANT NOTE: As the TERC are not intended to be or sold as securities or any other type of investment product, the information contained in this Section 9 should not be relied upon as the basis for any investment decision and does not constitute a recommendation to purchase TERC. Any liability for any direct or indirect loss or damage of any kind whatsoever arising directly or indirectly from reliance on any information contained in this Section 9, any error, omission or inaccuracy in such information or any action taken in reliance thereon, is hereby expressly excluded.
10.2. Security of the Storage System
Users are themselves responsible for taking reasonable measures to protect the Wallet, Vault or other storage system used by users to receive and administer the TERC purchased from us. This also includes any private keys or other registration data required for access to the Storage System(s). If users’ private keys or other access data are lost, users may lose access to TERC. We are not liable for any loss, cost or expense related to lost access data.
§ 11 Taxes
All amounts paid by users for TERC are exclusive of any applicable taxes. Users themselves are responsible for determining what taxes may be payable on their purchase of TERC, including, for example, sales, use, value-added or similar taxes, and for complying with applicable tax regulations. It is also your responsibility to withhold, collect, report and pay the correct taxes to the appropriate tax authority. We are not liable for the withholding, collection, reporting and payment of sales, use, value-added or similar taxes arising from your purchase of TERC.
§ 12 Assurances and warranties
By voting and freezing the users (Voters and Holders) represent and warrant that:
12.1. Users have read, understood and agree to these terms and conditions.
12.2. Users acknowledge and agree that the purchase of TERC involves risks, including (but not limited to) the risks described in § 9 and § 10.
12.3. Users have a sufficient understanding of the technical, financial and business issues, cryptographic tokens, storage systems (such as wallets) and blockchain technology to understand these terms and conditions and to assess the risks and implications of purchasing TERC.
12.4. Users are aware of the limitations and risks associated with the preparation of TERC described herein and are aware of and assume all such risks;
12.5. Users have sufficiently informed themselves about the TERC to make an informed decision about voting and freezing;
12.6. Users understand that other than the rights expressly set forth in these Terms, no rights of any kind whatsoever in relation to Tron Europe ltd. are conferred by the TERC, including but not limited to any ownership, distribution, redemption, liquidation, protection (including all forms of intellectual property) or other financial or legal rights;
12.7. Users purchase TERC solely for the purpose of supporting the development, testing, deployment and operation of TE, being aware of the risks associated with TE.
12.8. Users vote and freeze in compliance with applicable laws and regulations in their jurisdiction, including, without limitation, their legal capacity and other minimum requirements under their jurisdiction for the purchase of TERC, foreign exchange agreements or regulatory restrictions to which the purchase is subject, and any government or other approvals to be obtained;
12.9. Users will comply with all applicable tax obligations in their jurisdiction arising out of the purchase of TERC;
12.10. Users, if they purchase TERC on behalf of a legal entity, are entitled to accept these Terms on behalf of that legal entity and that legal entity is liable for any breach of these Terms by it or any other of its employees or agents (the term “it” in these Terms referring to the users and the legal entity together); other purpose, including but not limited to, not for investment, speculation, or economic purposes;
12.11 Users are not citizens or permanent residents of the People’s Republic of China.
12.12 Users are not U.S. citizens or permanent residents of the United States and do not have their primary residence or habitual abode in the United States of America, including Puerto Rico, Virgin Islands or any other property of the United States. In order to purchase TERC and by purchasing TERC, you agree to represent and warrant that none of the holders of the Company of which you are an authorized representative are U.S. citizens or permanent residents of the United States and you do not have your primary or habitual residence or possessions in the United States of America, including Puerto Rico, Virgin Islands or other United States possessions.
12.13. Users are not citizens or residents of any geographical area in which access to or use of the Services or acceptance or delivery of TERC is prohibited by law, regulation, order, agreement or administrative act, are not citizens, residents or residents of any geographical area subject to sanctions or embargoes of the United States or any other sovereign state, are not a natural person or an employee or member of any legal entity blacklisted on the U.S. Department of Commerce’s Denied Persons or Entity List of the U.S. Department of Commerce, or the Specially Designated Nationals or Blocked Persons Lists of the U.S. Treasury Department, or the Debarred Parties List of the U.S. State Department. You agree to immediately cease using the Services if your country of residence or other circumstances change such that the above representations no longer apply. If you register to use the Services on behalf of any legal entity, you further represent and warrant that such legal entity is a properly constituted and effective legal entity under the laws in force in the country in which it is established and that you are duly authorized by such legal entity to act on its behalf.
§ 13 Limitation of liability
13.1 As far as permissible according to applicable law TE shall be liable. Or a company belonging to it is in no case liable for indirect, concrete accodental or consequental damages (including, but not limited to, damages in cpnnection with loss of revenue, income or profit, loss of data or damage due to business interruption ) arising out of or in connection with the sale or use of the website or any other way connected with these terms and conditions, and also not in the form of punitive damages, regardless oft he ac and regardless of whether the claims are based on contract or tort (including, without limitation, for simple negligence, whether active, passive or attributed negligenc), or any other legal basis ot theory of equity (even if the party has been advised oft he possibility of such damages and regardless of whether the damages were foreseeable), and the aggregate liability oft he company and ist affiliates (toghther) shall in no event exceed the amount you oay fort he tokens, regardless oft hat, wheteher the claims are made on the basis oft he contract or warranty or tort. Law (including, but not limited to, simple negligence, whether active, passive or attributed negligence) or on the basis of any other theory arising out or in connection with these terms and conditions or the use or inability tot he tokens.
13.2. The limitations set forth in these terms and conditions, in particular the limitations descibed in section 12.1. do not, however, constitute a limitation of liability or exclusion of liability in the event of gross negligence or wilful, wilful or negligent misconduct on the part oft he company or ist representatives, or in the event of injury to body, life or health caused intentionally or negligently by the company or ist representatives.
§ 14 Applicable law and place of jurisdiction
14.1. These Conditions shall be governed by, construed and enforced in accordance with the laws of the Republic of Malta, excluding the United Nations Convention on Contracts for the International Sale of Goods and notwithstanding any conflict of law rules or principles which would give rise to the application of the law of that other country.
14.2. The place of jurisdiction for all disputes arising out of or in connection with the purchase of TERC shall be Valetta to the extent permitted by law.
§ 15 Severability clause
If any term, clause or provision of these Terms shall be deemed unlawful, void or unenforceable, this shall not affect the validity or enforceability of the remainder of these Terms. If any provision is invalid or unenforceable, that invalidity shall be remedied by a valid provision that the parties would have agreed upon had they known of the invalidity.
§ 16 Other
These terms and conditions constitute the entire agreement between us and you with respect to your purchase of TERC from us. TE is entitled to assign its rights and obligations under these terms and conditions. Should TE not exercise or enforce any right or provision of these terms and conditions, this shall not constitute a waiver of such right or provision. TE shall not be liable for default or impossibility of performance of any obligation under these terms and conditions if such default or impossibility is due to any cause beyond our control. The purchase of BF TERC from TE does not constitute a partnership, joint venture or similar relationship between the parties. Except as otherwise provided in these Terms, these Terms are for mutual benefit only and no transfer of rights to benefit any other person or entity under these Terms is intended. Users acknowledge and agree that all agreements, notices, announcements and other communications made available by TE to users, including these Terms, will be made available in electronic form.
Right of withdrawal
You have the right to revoke this contract within fourteen days without giving reasons.
The withdrawal period shall be fourteen days from the date on which you or a third party other
than the carrier who has taken possession of the goods, designated by you, have taken possession
To exercise your right of withdrawal, you must contact us Tron-Europe ltd., 143, Fleur – de – Lys, Birkirkara, Malta
Phone: + +49 170 5104210
e-mail: firstname.lastname@example.org by means of a clear declaration (e.g. a lett er or e-mail sent by post)
of your decision to revoke this contract. You can use the attached sample revocation form, which is not mandatory.
In order to comply with the revocation period, it is sufficient that you send the notification of the
exercise of the right of revocation before the expiry of the revocation period.
Consequences of the revocation
If you revoke this Agreement, we shall promptly refund to you all payments we have received
from you, including delivery charges (other than additional charges arising from your choosing a method of delivery other than the cheapest standard delivery offered by us), within fourteen days of the date on which we receive notice of your revocation of this Agreement at the latest. We will use the same means of payment for such refund as you used for the original transaction unless expressly agreed otherwise with you and in no event will you be charged for such refund. We may refuse to refund until we have received the Goods back or until you have provided evidence that you have returned the Goods, whichever is earlier.
You must return or hand over the goods to us immediately and in any event within fourteen days of the day on which you notify us of the revocation of this contract at the latest. This period shall be deemed to have been observed if you dispatch the goods before the expiry of the period of fourteen days. We shall bear the costs of returning the goods.
You shall only be liable for any loss in value of the goods if such loss in value is due to handling of the goods that is not necessary for testing their condition, properties and functionality.
Sample withdrawal form (If you want to cancel the contract, please fill out this form and send it back.)
An Tron-Europe ltd., 143, Fleur – de – Lys, Birkirkara, Malta, represented by Dirk Frank, Phone: + +49 170 5104210, e-mail: email@example.com
I/we (*) hereby cancel the contract concluded by me/us (*) for the purchase of the following
goods (*)/the provision of the following services (*)
Ordered on (*)/received on (*)
Name(s) of consumer(s)
Address of consumer(s)
Signature of consumer(s) (only for paper communication) date
(*) Delete as appropriate.