This whitepaper describes the initial sale in which the Ruon Token ([●]) is sold. [●] is a cryptographic token that is designed to be used for all services in [Ruon Trading Limited’s] ecosystem. [●] is not, nor is it intended to, constitute a security, an investment scheme, financial instrument or any other regulated product in any jurisdiction. This white paper is not, nor is it intended to constitute, a solicitation, prospectus, offer document for investment and does not pertain in any way to an offering of securities, an investment scheme, a financial instrument or any other regulated product in any jurisdiction. Please note that purchases of [●] are final and non-refundable. Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring [●].
LIMITATION OF THE PURCHASERS
You are not eligible to and you shall not purchase [●] through the Ruon token sale if you are a citizen or resident (tax or otherwise) of any country or state where the purchase of [●] or similar cryptocurrencies or tokens, may be prohibited or the token sale is deemed to be non-compliant with the applicable laws and regulations. For clarity, natural persons and entities that are a resident of (tax or otherwise), domiciled in, or have a connection to, the United States of America, Canada, the People’s Republic of China, New Zealand, Japan or Hong Kong are expressly prohibited from participating in the token sale and purchasing [●]. Purchases of [●] should be undertaken only by natural persons, entities, or companies that have significant experience with, and a sophisticated understanding of, the usage and intricacies of cryptographic tokens and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. Any entities related to [Ruon Trading Limited] and officers and employees thereof will not be responsible in any way for loss of any cryptographic tokens, [●] or fiat currency resulting from actions taken by, or omissions of, the purchasers. If you do not have the required experience or expertise, then you should not purchase [●] or participate in the token offering. You should carefully consider the risks, costs, and any other demerits of acquiring [●], and, if necessary, obtain your own independent advice in this regard. If you are not in the position to accept nor to understand the risks associated with this token sale, or any other risks as indicated in this whitepaper, you should not acquire [●], until such that you have received the necessary independent advice.
The purchase of HYB carries with it risk. Prior to purchasing HYB, the purchaser should carefully consider the risks listed below and, to the extent necessary, consult a lawyer, accountant, and/or tax professional prior to determining whether to purchase HYB.
(a) HYB will be stored in a wallet, which can only be accessed with a password selected by the purchaser. If a purchaser of HYB does not maintain an accurate record of their password, this may lead to the loss of their tokens. If your password protection is weak and it is cracked or learned by somebody else, this may also lead to the loss of tokens. As a result, purchasers must safely store their password in one or more backup locations that are well separated from the primary location.
(b) The purchaser recognizes that some of the services in Ruon’s ecosystem are currently under development and may undergo significant changes before release and/or made available for use. The purchaser acknowledges that any of its expectations regarding the form and functionality of the Ruon Platform and associated services may not be met for any number of reasons.
(c) The purchaser understands that while [Ruon Trading Limited] will attempt to list the Ruon token on most major cryptocurrency exchanges, it is possible that some exchanges may decline to accept, which may result in somewhat less liquidity provided through to [●] than expected in this whitepaper.
(e) As with other cryptocurrencies and cryptographic tokens, value of [●] may fluctuate significantly and become reduced in value (including to zero value) for any number of reasons, including but not limited to,supply and demand, overall market conditions, political or geographical reasons, changes of regulations in any jurisdictions, and technical reasons.
(f) [●] will be issued on the Ethereum blockchain. As such, any malfunction or unexpected functioning of the Ethereum protocol may impact the purchaser’s ability to transfer or securely hold [●]. Such impact could adversely affect the value.
To the maximum extent permitted by the applicable laws, regulations and rules, [Ruon Trading Limited], any entities of the Ruon ecosystem, and officers and employees thereof shall not be liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort (including negligence), contract, statute or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this whitepaper or any part thereof by you. [Ruon Trading Limited] and any related entities and officers and employees thereof shall not be liable for any loss of [●] after it is transferred to you by any reason including but not limited to your failure to maintain or backup an accurate record of your password or password cracking by somebody due to your poor maintenance of your password.. Any person undertaking to acquire [●] acknowledges and understands however that [Ruon Trading Limited] does not provide any warranty as to the release of any exchange or any of the other technical features or services contemplated under this whitepaper. You acknowledge and understand therefore that [Ruon Trading Limited] (including its associated bodies corporate, officers and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use [●]. Regulatory authorities are carefully scrutinizing businesses and operations associated to cryptocurrencies and tokens in the world. In that respect, regulatory measures, investigations or actions may impact future business and may limit or prevent it from developing its operations in the future. Any person undertaking to purchase [●] must be aware that the Ruon business model (to be interpreted in its widest sense), and its existing platforms may change or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, purchasers and any person undertaking to acquire [●]acknowledge and understand that neither [Ruon Trading Limited] nor any of its affiliates shall be held liable for any direct or indirect loss or damages caused by such changes. This white paper and any other materials or explanations made by [Ruon Trading Limited] and its officers and employees shall not and cannot be considered as an invitation to enter into an investment. They do not constitute or relate in any way nor should they be considered as an offering of securities, a financial instrument, an investment scheme or any other regulated product in any jurisdiction. This white paper does not include nor contain any information or indication that might be considered as a recommendation or that might be used as a basis for any investment decision. Neither [Ruon Trading Limited] nor any of its officers and employees are to be or shall be considered as advisor in any legal, tax or financial matters. Acquiring [●] shall not grant any right or influence over [Ruon Trading] organization and governance to the purchasers.
NO REPRESENTATIONS AND WARRANTIES
[Ruon Trading Limited] does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this white paper.
Further, no representation or warranty is given by [Ruon Trading Limited] as to the achievement or reasonableness of any plans, future projections or prospects set out in this white paper and nothing in this document is or should be relied upon as a promise or representation as to the future functionality, utility or availability and/or its associated services. To the fullest extent permissible by law, [Ruon Trading Limited] excludes all liability (and is not liable for) any loss or damage of whatsoever kind (whether foreseeable or not) which may arise from any person acting on any information and opinions contained in this white paper or any information which is made available in connection with any further enquiries, notwithstanding any act or omission, negligence, default or lack of care, by [Ruon Trading Limited], its entities, officers and/or employees.