100% Decentralized & “Trustless” Cryptocurrency Exchange & Wallet, run through smart contract & driven for the community
DATED: 29 May, 2018
The BDT tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
No person is bound to enter into any contract or binding legal commitment in relation to the swap, sale and purchase of the BDT tokens and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper.
The information set below may not be exhaustive and does not imply any elements of a contractual relationship. While we make every effort to ensure that any material in this whitepaper is accurate and up to date, such material in no way constitutes the provision of professional advice. BDT does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, eliability, currency, or completeness of any material contained in this white paper. Investors and potential BDT token holders should seek appropriate independent professional advice prior to relying on, or entering into any commitment or transaction based on, material published in this white paper, which material is purely published for reference purposes alone. Blockonix does not provide any opinion on any advice to purchase, sell, or otherwise transact with BDT tokens and the fact of presentation of this white paper shall not form the basis of, or be relied upon in connection with, any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the swap, sale and purchase of BDT tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this white paper. BDT Tokens do NOT hold value in INR, USD, EUR or any other Fiat currency.
You are not eligible and you are not to swap, purchase or sell any BDT tokens if you are a citizen or resident (tax or otherwise) of Singapore, or other Singapore Person. “Singapore Person” is generally defined as a natural person, residing in the Singapore or any entity organized or incorporated under the laws of Singapore.
You are not eligible and you are not to swap, purchase or sell any BDT tokens if you are a citizen or resident (tax or otherwise) of the People‘s Republic of China („PRC“), or other PRC Person. „PRC Person“ is generally defined as a natural person, residing in the People‘s Republic of China, or any entity organized or incorporated under the laws of the People‘s Republic of China.
Furthermore because of current regulatory uncertainty and before additional information is publicly released by the Platform on the matter, green card holders of the United States or citizens or residents (tax or otherwise) of the United States of America, Singapore or China, or other U.S., Singapore Person or PRC Person, are not eligible to register for the Token Sale. That limits the ability of U.S., Singapore, PRC persons to utilize BDT tokens and participate in the future development of the platform as well as in the distribution of proceeds.
No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding BDT, the Distributor, the BDT tokens, the BDT Token Sale, the Blockonix Wallet, and the Blockonix Exchange (each as referred to in the Whitepaper). You should consult your own legal, financial, tax or other professional adviser regarding BDT and/or the Distributor and their respective businesses and operations, the BDT tokens, the BDT Token Sale, the BDT Wallet, and the BDT Exchange (each as referred to in the Whitepaper). You should be aware that you may be required to bear the financial risk of any purchase of BDT tokens for an indefinite period of time.
LIMITATIONS OF LIABILITY
In no event shall Blockonix, members of Blockonix staff, contractors, or volunteers be liable for:
Any lost profits, lost savings or incidental, indirect, special or consequential damages, arising out of your use or inability to use the services or products offered by Blockonix or the breach of any of these Terms by any third party;
Any security risk such as hacker attacks, loss of password, loss of private key, or similar.
Mistakes or errors in code, text, or images involved in the sale.
Any losses resulting from the volatility in pricing of BDTs in any countries and cryptocurrency exchanges.
This website and the BDT tokens are provided on an “as is” basis and without any warranties of any kind, either expressed or implied. You assume all responsibility and risk with respect to your use of the website and purchasing of any amount of the BDT tokens and their use. If applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the extent permitted by applicable law.
By acquiring Blockonix’s Token and to the extent permitted by applicable law, the buyer agrees not to hold Blockonix’s Token or any employee or contractor of Blockonix liable for any losses or damages arising out of or in any way connected to the buyer’s failure to properly secure the private key to the wallet containing their BDT Tokens: hacker’s attacks, stolen devices, loss of passwords, etc.
NO REPRESENTATION & WARRANTIES
Blockonix and/or the Distributor 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 Whitepaper.
REPRESENTATION & WARRANTIES BY YOU
By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to BDT and/or BDT Limited (the Distributor), as follows:
(a) you agree and acknowledge that the BDT tokens do not constitute securities in any form in any jurisdiction;
(b) you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper;
(c) you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory, requirements or rules have been complied with;
(d) you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the BDT Token Swap, or future trading of the BDT tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the BDT and/or the Distributor, the BDT tokens, the BDT Token Sale, the Blockonix Wallet, and the Bloxckonix Exchange (each as referred to in this Whitepaper);
(e) the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to Blockonix and/or the Distributor;
(f) you agree and acknowledge that in the case where you wish to purchase/swap any BDT tokens, the BDT tokens are not to be construed, interpreted, classified or treated as:
(i) any kind of currency other than cryptocurrency;
(ii) debentures, stocks or shares issued by any person or entity (whether Blockonix and/or the Distributor)
(iii) rights, options or derivatives in respect of such debentures, stocks or shares;
(iv) rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
(v) units in a collective investment scheme;
(vi) units in a business trust;
(vii) derivatives of units in a business trust; or
(viii) any other security or class of securities.
(g) you are fully aware of and understand that you are not eligible to purchase any BDT tokens if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Republic of Singapore or a citizen or resident of People‘s republic of China;
(h) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;
(i) you are fully aware and understand that in the case where you wish to purchase any BDT tokens, there are risks associated with BDT and the Distributor and their respective business and operations, the BDT tokens, the BDT Token Sale, the Blockonix Wallet, and the Blockonix Exchange (each as referred to in the Whitepaper);
(j) you agree and acknowledge that neither BDT nor the Distributor is liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract 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; and
(k) all of the above representations and warranties are true, complete, accurate and nonmisleading from the time of your access to and/or acceptance of possession this Whitepaper or such part thereof (as the case may be)
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by Blockonix and/or the Distributor or their respective directors, executive officers or employees acting on behalf of Blockonix or the Distributor (as the case may be), that are not statements of historical fact, constitute “forwardlooking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms.
However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding Blockonix’s and/or the Distributor’s financial position, business strategies, plans and prospects and the future prospects of the industry which BDT and/or the Distributor is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to Blockonix’s and/or the Distributor’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper regarding Blockonix and/or the Distributor are matters that are not historic facts, but only predictions.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of Blockonix and/or the Distributor to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others:
(a) changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which Blockonix and/or the Distributor conducts its respective businesses and operations;
(b) the risk that Blockonix and/or the Distributor may be unable or execute or implement their respective business strategies and future plans;
(c) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
(d) changes in the anticipated growth strategies and expected internal growth of Blockonix and/or the Distributor;
(e) changes in the availability and fees payable to Blockonix and/or the Distributor in connection with their respective businesses and operations;
(f) changes in the availability and salaries of employees who are required by Blockonix and/or the Distributor to operate their respective businesses and operations;
(g) changes in preferences of customers of Blockonix and/or the Distributor;
(h) changes in competitive conditions under which Blockonix and/or the Distributor operate, and the ability of Blockonix and/or the Distributor to compete under such conditions;
(i) changes in the future capital needs of Blockonix and/or the Distributor and the availability of financing and capital to fund such needs;
(j) war or acts of international or domestic terrorism;
(k) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of Blockonix and/or the Distributor;
(l) other factors beyond the control of Blockonix and/or the Distributor; and
(m) any risk and uncertainties associated with Blockonix and/or the Distributor and their businesses and operations, the Blockonix tokens, the BDT Token Sale, the Blockonix Wallet, and the Blockonix Exchange (each as referred to in the Whitepaper).
All forward-looking statements made by or attributable to Blockonix and/or the Distributor or persons acting on behalf of Blockonix and/or the Distributor are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of Blockonix and/or the Distributor to be materially different from that expected, expressed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper. Neither Blockonix, the Distributor nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of Blockonix and/or the Distributor will be as discussed in those forward-looking statements. The actual results, performance or achievements of Blockonix and/or the Distributor may differ materially from those anticipated in these forward-looking statements.
Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of BDT and/or the Distributor. Further, Blockonix and/or the Distributor disclaim any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
By swapping/purchasing BDT Tokens, you agree to your personal data, i.e. e-mail address and/or name, being processed by Blockonix for its business purposes or the purposes of building, promoting, and communicating (about) the Blockonix system and the BDT Tokens.
The presentation of the whitepaper is with the solely for informational purpose.
The participants interested in investing in Blockonix tokens and Token Sale should demand and consider the various risks prior to making any kind of investment decision in the Token Swap. The Whitepaper does not comprise any advice by company, the directors, the investment manager or any other person, or recommendation to any receiver, by the virtues of participation in the Token Sale. Blockonix whitepaper does not necessarily identify, or claim to identify, all the risk factors connected with company.
All the participants must make their own independent evaluation, after making such investigations as they consider essential, of the merits of participating in the Token Swap. The accomplice should check with and rely upon their own investment, accounting, legal and tax representatives and consultants as such matters concerning company and to assess separately the financial risks, consequences and appropriateness of an investment in company, or if in any doubt about the facts of this presentation.
Investment in company holds considerable risk and might involve extraordinary risks that may perhaps lead to a loss of all or a significant portion of such investment, unless the participants completely understand, be aware of and accept the characteristics of the company and the possible risks inbuilt in company, they should not invest in company.
Each one of the participant is completely in charge for ensuring that all characteristics of company are satisfactory to them.
There can be no guarantee that company’s investment purpose will be achieved and investment consequences may differ considerably over time.
Investment in company is not planned to be a total investment program for any investor.
All the participants with awareness should think about whether an investment is suitable for them, their circumstances and financial resources.
RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION
The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to BDT and/or the Distributor.
Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.
NO OFFER OF SECURITIES OR REGISTRATION
This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper. Any agreement in relation to any sale and purchase of BDT tokens (as referred to in this Whitepaper) is to be governed by only the T&Cs of such agreement and no other document. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail.
You are not eligible to purchase any BDT tokens in the BDT Token Sale/Swap (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Republic of Singapore or a citizen or resident of People‘s republic of China.
No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
Blockonix – The 100% Decentralized, Contract based Cryptocurrency Exchange
Blockonix cryptocurrency exchange: A highly decentralized platform that is completely run through smart contracts. Blockonix is a trustless exchange ecosystem developed on the blockchain. smart contract architecture to deliver a world class cryptocurrency exchange and trading experience to its users with security and usually being our main critical design standpoints. Blockonix will be based on the Ethereum Protocol and network and will allow trading of Ethereum tokens in a decentralized manner, without holding any user’s funds.
This decentralized environment is cryptographically encrypted to run on client nodes thus privacy can never be compromised while using the Blockonix exchange.
Blockonix Trading Fee
Blockonix will charge 0.1% transaction fee payable in Ethereum, apart from the Ethereum GAS usage.
All fees paid in Ethers will be collected in an Ethereum Smart Contract address (Blockonix Community Contract Address) which remains public. Every day at a particular Ethereum Block, this Ethereum Smart Contract Places a Buy order (of the entire ETH balance collected as fees) in the BDT/ETH pair, above the best offer order. This is a BDT token automatic buyback. The BDT tokens collected from this buyback trades are then permanently burned by sending them to a burn address. In this regard the fees charged will be used to increase the value of BDT tokens.
Trading Fee Discount
For users who will be paying the 0.1% of transaction volume charged as fees through our native BDT tokens, an additional 70% discount will be automatically awarded.
All fees collected whether through BDT will be destroyed/burned permanently by sending the balances to a burn addresses which will never be retrieved.
1,513,812.5 tokens will remain in the community and referral fund of Blockonix. These tokens are held in an Ethereum Smart Contract Address which can be purchased at a flat price of 300 BDT tokens for every Ether. The purchased can be made by sending Ether of the required amount as calculated from the rate of 100 BDT per 1 ETH to the community fund address, BDT will be automatically sent back to the sending address.
As stated before the Ether in the Community fund too will be used to buy Back equivalent amount of BDT tokens it is worth from the BDT/ETH trading Pair.
New Token Listing on Blockonix
For individuals or entities wishing to list their tokens on the Blockonix platform we shall conduct a background check on the new token to make sure it meets all standard requirements of a cryptocurrency token. Among the background check we shall require a legal opinion document from a professional lawyer representing the issuer of the new tokens. The document must clearly state that the new token is not a security in the same jurisdiction from which it was issued.
After all the background check and relevant document is attained, the issuer of the new token requesting for a listing position at Blockonix will be required to pay a fee of 3000 BDT or an equivalent of 10 ETH.
As earlier on stated, the fees of 3000 BDT or its equivalent of 10 ETH paid for listing a new coin on the Blockonix platform will be destroyed by converting the ETH to BDT through an automated buy back procedure executed as explained before then sending the entire balance to a burn address. The balances in the burned address are permanently destroyed.
You can access the contract code on etherscan.com using blockonix.eth
BDT tokens are used to get discount on the Blockonix platform.
Token Name: Blockonix
Token Symbol: BDT
Total Supply: 10,092,083.35
Founder Tokens (LOCKED): 2,523,020.8375
To be divided equally into 9 addresses, to be vested in below three periods:
- Epoch Time 1544486400; // Human time (GMT): Tuesday, 11 December 2018 00:00:00
- Epoch Time 1560211200; // Human time (GMT): Tuesday, 11 June 2019 00:00:00
- Epoch Time 1576022400; // Human time (GMT): Wednesday, 11 December 2019 00:00:00
Founders Ethereum Addresses
These 9 addresses are the founder’s Ethereum addresses:
Blockonix will cooperate with all law enforcement inquiries, subpoenas, or requests provided they are in congruence with law.
Blockonix reserves the right to change, modify, add, or remove portions of these terms at any time during the sale and afterward by posting the amended terms on the Blockonix project website (https://blockonix.com, referred to as „the website“), as well as making a public announcement. The revised version will be effective at the time Blockonix posts it on the website unless indicated otherwise. Nonetheless, Blockonix will provide 7 working days notice of any substantial changes.
If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.
The company may, at its sole discretion, assign its rights and/or delegate its duties under this contract. You may not assign your rights or delegate your duties, and any assignment or delegation without the written consent of the company, which the company may withhold at its sole discretion.
By acquiring BDT tokens, you confirm that, to the extent permitted by law, you are authorized to acquire the tokens and accept to be bound by these terms in your relevant jurisdiction.
For more enquiries or any other questions regarding the operation of Blockonix exchange and trading platform be at liberty to contact us directly through the following links.
Support Ticket: https://support.blockonix.com/hc/en-us/requests/new