⚠️Important Notice
General information
This whitepaper ("Whitepaper") is prepared and issued for information purposes only. This Whitepaper provides information regarding REC, and the token sale ("Token Sale") of REC token ("Tokens"), for the purpose of enabling prospective purchasers to decide whether they wish to purchase the Tokens.
The information in this Whitepaper has not been reviewed or approved by any regulatory authority. This Whitepaper and any part thereof may not be distributed in any jurisdiction where the distribution may be prohibited. No part of this Whitepaper is to be reproduced or distributed without including this section titled "Important Notice".
This Whitepaper is version 2.5 and is current as of December 1, 2018. This Whitepaper may be amended, supplemented, or replaced at any time without advanced notice by the Company issuing the Whitepaper ("Company"), posting the revised Whitepaper to the website at https://redi.io ("Website"). The revised Whitepaper shall become effective immediately from the time it is posted onto the Website.
Token Sale
No person is bound to purchase any of the Tokens, and no purchase or payment would be accepted, on the basis of this Whitepaper. The sale and purchase of the Tokens between the Company and any prospective purchaser shall be governed exclusively by the Token Sale Terms and Conditions (which shall be posted on the Website or separately provided to each prospective purchaser unless otherwise agreed by the Company in writing). In the event of any conflict or inconsistency between the Token Sale Terms and Conditions, this Whitepaper and any other document, the Token Sale Terms and Conditions shall prevail to the extent of the conflict or inconsistency unless otherwise specified in writing by the Company.
As detailed in the Token Sale Terms and Conditions, the Tokens carry no rights other than (i) a limited right to hold and transfer the Tokens, and (ii) a limited right to use and interact with the REC Infranet if, and to the extent that, the REC Infranet is successfully developed and deployed, in accordance with such terms and conditions prescribed by the Company.
The Tokens do not entitle their holders to any voting rights or dividends, and are not intended to constitute securities in any jurisdiction. For the avoidance of doubt, the Tokens do not represent or constitute (and accordingly, should not be understood, deemed, interpreted or construed as): (i) any kind of currency or money, whether fiat or not; (ii) equity interest, voting or non-voting securities (or the like) in, or claims against the Company, the Company's related corporations or any of their respective.
Disclaimer
This white paper contains statements based on the information and resources provided at the time of creation through sources deemed reliable. The assumptions and arguments (including future projections or prospects) described in the White Paper should not be construed as promises or representations of the future. Nothing in this White Paper is a representation, warranty, or performance of the accuracy or performance of a particular problem specified in the White Paper, and the Company disclaims any statement or warranty that it will take any action or guarantee specific results for the specific problem. It's shown in this white paper.
The Company does not guarantee the accuracy of the White Paper, and (i) state, warrant, or carry out any matter in the White Paper with respect to the legality of the Token, the sale of the Token, and (ii) any REC Infranet within non-judicial or competent jurisdiction. (iii) the commercial value and utility of the token, the sale of the token, and the infringement of third party's rights to suit or suitability for the purposes of REC Infranet, (iv) the token and REC Infranet.
This white paper does not consist of investment proposals or solicitation for securities or other financial instruments under any jurisdiction. As detailed above, tokens do not necessarily need to be commercialized or of any other use or intrinsic value, as they (i) retain and transfer tokens, and (ii) have limited rights to use and interact with REC Infranet. In other words, we view tokens as utility tools without specific prospects or expectations for their merchantability or market price. Because tokens are intended to be used only within the REC Infranet, the company does not support or facilitate secondary trading or external evaluation of tokens. This limits the method considered for token use as a service delivery or receipt within the REC Infranet.
If a secondary transaction of tokens is facilitated by a third party (e.g., a cryptocurrency exchange), such a third party may be vulnerable to fraud or manipulation due to little or no regulatory oversight. Moreover, as long as a third-party attribute the external exchange value to the token, such value can be highly volatile and can be reduced to zero. In this way, tokens can be listed and traded on one or more cryptocurrency exchanges, but they do not guarantee value.
This paper also constitutes any form of advice (financial, legal, tax, etc.) Do not and do not rely on token purchase decisions.
There are considerable risks to participate in token sales and to purchase tokens. If these risks become a reality, they can have serious negative impact on token sales, REC Infranet, and the company. We are not responsible for any loss or damage caused by the actions of individuals to the information and opinions set forth in the White Paper.
Website : recchain.io
Email : richway2207@naver.com
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