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$MIVRS BEP20 Contract Address: 0x266A9Bc534b19369B00380a86f74612dD236a0aF TGE:

MIVRS TOKEN SALE 

TERMS AND CONDITIONS

 

The following Terms and Conditions (“Terms”) govern your (“you” or the “Purchaser”) purchase of cryptographic tokens (“MIVRS”) from Ulti Arena Ltd., an exempted company registered in the Federation of Saint Kitts and Nevis (the “Company”) registered address: Hunkins Waterfront Plaza, Suite 556, Main Street, Charlestown, Nevis. Company registration. number C 53105. Each of you and the Company is a “Party​” and, together, the “Parties​” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the MIVRS token sale.

IF YOU DO NOT AGREE TO THESE TERMS, DO NOT PURCHASE MIVRS FROM THE COMPANY. BY PURCHASING MIVRS FROM THE COMPANY, YOU WILL BE BOUND BY THESE TERMS AND ANY TERMS INCORPORATED BY REFERENCE. IF YOU HAVE ANY QUESTIONS REGARDING THESE TERMS, PLEASE CONTACT THE COMPANY VIA https://t.me/MIVRSarena. By purchasing MIVRS, and to the extent permitted by law, you are agreeing not to hold any of the the Company and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “Ulti Arena Team​”) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of MIVRS, including losses associated with the terms set forth below.

DO NOT PURCHASE MIVRS IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING MIVRS, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE MIVRS.

PURCHASES OF MIVRS SHOULD BE UNDERTAKEN ONLY BY INDIVIDUALS, ENTITIES, OR COMPANIES THAT HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS, INCLUDING BSC TOKENS, AND BLOCKCHAIN BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE A FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC TOKENS. WHILE THE COMPANY WILL BE AVAILABLE TO ASSIST PURCHASERS OF MIVRS DURING THE SALE, THE COMPANY WILL NOT BE RESPONSIBLE IN ANY WAY FOR LOSS OF BNB, ETH OR MIVRS RESMIVRSNG FROM ACTIONS TAKEN BY, OR OMITTED BY PURCHASERS. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE MIVRS OR PARTICIPATE IN THE SALE OF MIVRS. YOUR PARTICIPATION IN MIVRS SALE IS DEEMED TO BE YOUR UNDERTAKING THAT YOU SATISFY THE REQUIREMENTS MENTIONED IN THIS PARAGRAPH.

 

  1. Conditions to MIVRS token sale

 

YOU MAY NOT MAKE A ACQUIRE A MIVRS TOKEN IF YOU ARE A CITIZEN OF THE FOLLOWING COUNTRIES:

 

Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Myanmar (Burma), North Korea, Republic of Macedonia (FYROM), Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Venezuela, Yemen, and Zimbabwe.

 

When you purchase, or otherwise receive, a MIVRS token, you may only do so by accepting the following conditions and, by doing so, you warrant and represent that the following are a true and accurate reflection of the basis on which you are acquiring the MIVRS tokens:

neither the Company nor any of the Ulti Arena Team has provided you with any advice regarding whether MIVRS is a suitable investment for you;

you have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, such as BNB and Ether, as well as blockchain-based software systems generally;

you are legally permitted to receive and hold and make use of MIVRS in your and any other relevant jurisdiction;

you will supply us with all information, documentation or copy documentation that we require in order to allow us to accept your purchase of MIVRS and allocate MIVRS to you;

you have not supplied us with information relating to your acquisition of MIVRS or otherwise which is inaccurate or misleading;

you will provide us with any additional information which may be reasonably required in order that we can fulfil our legal, regulatory and contractual obligations, including but not limited to any anti-money laundering obligation;

you will notify us promptly of any change to the information supplied by you to us;

you are of a sufficient age (if an individual) to legally obtain MIVRS, and you are not aware of any other legal reason to prevent you from obtaining MIVRS;

you take sole responsibility for any restrictions and risks associated with receiving and holding MIVRS, including but not limited to these set out in Annex A;

by acquiring MIVRS, you are not making a regulated investment, as this term may be interpreted by the regulator in your jurisdiction;

you are not obtaining or using MIVRS for any illegal purpose, and will not use MIVRS for any illegal purpose;

you waive any right you may have / obtain to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the sale of MIVRS;

your acquisition of MIVRS not involve your purchase or receipt of shares, ownership or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction;

to the extent permitted by law and provided we act in good faith, the Company makes no warranty whatsoever, either expressed or implied, regarding the future success of MIVRS and/or the Binance Smart Chain Network;

you accept that MIVRS is created and you obtain MIVRS on an “as is” and “under development” basis. Therefore, provided the Company acts in good faith, you accept that the Company is providing MIVRS without being able to provide any warranties in relation to MIVRS, including, but not limited to, title, merchantability or fitness for a particular purpose;

you accept that you bear sole responsibility for determining if (i) the acquisition, the allocation, use or ownership of MIVRS (ii) the potential appreciation or depreciation in the value of MIVRS over time, if any, (iii) the sale and purchase of MIVRS; and/or (iv) any other action or transaction related to MIVRS has tax implications.

 

  1. Overview of MIVRS sale

 

MIVRS is required for proper operation and comprehensive utilization of Ulti Arena (as defined in the white paper (the “White Paper”) provided at https://MIVRSArena.com (the “Website”) as of the date the Purchaser acquires MIVRS token). To the extent they do not contradict these Terms, the rights connected to MIVRS are subject to the limitations set out in the White Paper, but this should in no case create obligations for the Company in addition to the ones contained in these Terms.

 

The maximum total amount of MIVRSs to be issued is 85,000,000 for all PreSale Events. MIVRSs are generated as Purchasers buy them and the total supply of MIVRSs will be fixed at the beginning (until MIVRS minting will start once the game will be launched) 1,000,000,000.

The anticipated distribution of the MIVRS tokens is as follows:

 

MIVRS Token Allocation

Total Tokens

Share

Price

Vesting

Private Sale

10,000,000

1.0%

$0.010

15% unlocked at TGE, 1 month cliff, then 20% every 30 days

PreSale 1

25,000,000

2.5%

$0.020

15% unlocked at TGE, 1 month cliff, then 20% every 30 days

PreSale 2

30,000,000

3.0%

$0.030

15% unlocked at TGE, 1 month cliff, then 20% every 30 days

IDO

20,000,000

2.0%

$0.040

15% unlocked at TGE, 1 month cliff, then 20% every 30 days

P2E, Staking, Liquidity

475,000,000

47.5%

 

0% unlocked at TGE, 5% every 30 days

Community and Marketing

180,000,000

18.0%

 

0% unlocked at TGE, 5% every 30 days

Treasury

135,000,000

13.5%

 

0% unlocked at TGE, 5% every 30 days

Team & Advisors

125,000,000

12.5%

 

0% unlocked at TGE, 5% every 30 days



  1. MIVRS PreSale Prices

 

Purchasers in the Ulti Arena token sale will be allocated their MIVRS tokens in exchange for any payments accepted by Coinpayments.  at the following rate:

 

Sales Tiers

Price per token in USD

Token Private Sale

$0.010

Token PreSale 1

$0.020

Token PreSale 2

$0.030

Token IDO

$0.040

Launch TGE

$0.065

 

Purchaser must have a BEP20 or ERC20 or POLYGON wallet that supports the POLYGON token standard in order to receive any MIVRS purchased from the Company.

 

  1. Timing of MIVRS Token Sale

 

The Company reserves the right to change the sale dates or extend the sale duration for any reason, including the unavailability of the Website or other unforeseen security or procedural issues.

 

The general public will be able to see the total number of MIVRS tokens currently sold, as well as the distribution of all MIVRS tokens between the participating BSC accounts. In the spirit of openness, the Company will constantly update on the Website the number of tokens sold as well as the share of MIVRS tokens allocated to the shareholders of Company. Furthermore, the BSC accounts used to store BNB during the MIVRS sale duration will publically available and their balances will also be made available on the Website.

 

  1. After the MIVRS Token Sale

 

The Purchasers should have no expectation of influence over governance of the Company.

Any MIVRS Tokens that have not been bought at PreSale events will be burned.

 

MIVRS Tokens will be released to its buyers in the following schedule:



Token Vesting

Private Sale

PreSale 1

PreSale 2

Unlocked at TGE

15%

15%

15%

Cliff month

1

1

1

Rest unlocked over months

5

5

5

Daily Release

56,667

141,667

170,000

 

  1. The Company Will Not Purchase MIVRS During the MIVRS Sale

 

The Company warrants that neither it nor its shareholders will purchase MIVRS during the MIVRS sale. Furthermore, the Company warrants that neither it nor its shareholders will purchase MIVRS from any third party during the period of the MIVRS sale.

 

  1. All purchases of MIVRS are final

 

ALL PURCHASES OF MIVRS ARE FINAL. PURCHASES OF MIVRS ARE NON-REFUNDABLE. BY PURCHASING MIVRS, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, DIRECTORS OR SHAREHODELRS ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON.

IF THE COMPANY BELIEVES, IN ITS SOLE DISCRETION, THAT ANY INDIVIDUALS OR ENTITIES OWNING MIVRS CREATES MATERIAL REGULATORY OR OTHER LEGAL RISKS OR ADVERSE EFFECTS FOR THE COMPANY AND/OR MIVRS, THE COMPANY RESERVES THE RIGHT TO: (A) BUY ALL MIVRS FROM SUCH MIVRS OWNERS AT THE THEN-EXISTING MARKET PRICE AND/OR (B) SELL ALL CRYPTOCURRENCY ASSETS OF THE COMPANY.

 

  1. Taxation of MIVRS and Taxation Related to the Token Sale

 

The Purchaser bears the sole responsibility to determine if the purchase of MIVRS with BNB or the potential appreciation or depreciation in the value of MIVRS over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing MIVRS, and to the extent permitted by law, the Purchaser agrees not to hold any of the Company, its affiliates, shareholders, director, or advisors liable for any tax liability associated with or arising from the purchase of MIVRS.

 

  1. Privacy

 

The Purchasers may be contacted by email by the Company. Such emails will be informational only. The Company will not request any information from Purchasers in an email. See our Privacy Policy available on the Website for additional information

 

  1. Force Majeure

 

The Ulti Arena Team is not liable for failure to perform solely caused by:

unavoidable casualty,

delays in delivery of materials,

embargoes,

government orders,

acts of civil or military authorities,

acts by common carriers,

emergency conditions (including weather conditions),

security issues arising from the technology used,

or any similar unforeseen event that renders performance commercially implausible. If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the Terms, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.

 

  1. Disclaimer of Warranties

 

THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING MIVRS AT THE PURCHASER’S SOLE RISK AND THAT MIVRS IS PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE Ulti Arena TEAM WARRANTS THAT THE PROCESS FOR PURCHASING MIVRS WILL BE UNINTERRUPTED OR ERROR-FREE.

 

  1. Limitations Waiver of Liability

 

THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO (i) USE OF, OR INABILITY TO USE, MIVRS OR (ii) THE Ulti Arena TEAM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE Ulti Arena TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, MIVRS, OR ARISING OUT OF ANY INTERACTION WITH THE SMART CONTRACT IMPLEMENTED IN RELATION TO MIVRS. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE Ulti Arena TEAM IS NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF MIVRS, AND THAT THE RISK OF PURCHASING AND USING MIVRS RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE Ulti Arena TEAM BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAVE PAID TO THE COMPANY FOR THE PURCHASE OF MIVRS. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE AMIVRSE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE Ulti Arena TEAM.

 

  1. Complete Agreement

 

These Terms set forth the entire understanding between the Purchaser and the Company with respect to the purchase and sale of MIVRS. For facts relating to the sale and purchase, the Purchaser agrees to rely only on the Terms in determining purchase decisions and understands that the Terms govern the sale of MIVRS and supersede any public statements about the MIVRS token sale made by third parties or by the Ulti Arena Team or individuals associated with any of the Ulti Arena Team, past and present and during the MIVRS token sale.

 

  1. Severability

 

The Purchaser and the Company agree that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.

 

  1. No Waiver

 

The failure of the Company to require or enforce strict performance by the Purchaser of any provision of these Terms or the Company’s failure to exercise any right under these Terms shall not be construed as a waiver or relinquishment of the Company’s right to assert or rely upon any such provision or right in that or any other instance. The express waiver by the Company of any provision, condition, or requirement of these Terms shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in these Terms, no representations, statements, consents, waivers, or other acts or omissions by the Ulti Arena Team shall be deemed a modification of these Terms nor be legally binding.

 

  1. Updates to the Terms

 

The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the Website. Any Purchaser will be deemed to have accepted such changes by purchasing MIVRS. The Terms may not be otherwise amended except by express consent of both the Purchaser and the Company.

 

  1. Cooperation with Legal Authorities

 

The Company will cooperate with all law enforcement enquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions.

 

  1. Indemnification

 

To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the Ulti Arena Team from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your purchase or use of MIVRS; (ii) your responsibilities or obligations under these Terms; (iii) your violation of these Terms; or (iv) your violation of any rights of any other person or entity.

 

The Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this Section 18. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and the Company.

 

  1. Security

 

You are responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism you use to receive and hold MIVRS purchased from the Company, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. The Company is not responsible for any losses, costs or expenses relating to lost access credentials.

 

  1. Language

 

Currently, only English versions of any Ulti Arena’s communications is considered official. The English version shall prevail in case of differences in translation.

 

  1. Governing Law

 

The Terms, the arbitration clause contained in them, and all non-contractual obligations arising in any way whatsoever out of or in connection with these Terms are governed by, construed, and take effect in accordance with European law.

 

  1. Arbitration

 

Any dispute or difference arising out of or in connection with these Terms or the legal relationships established by these Terms, including any question regarding its existence, validity or termination (“Dispute”), shall be referred to and finally resolved by arbitration under the LCIA Rules which will be deemed to be incorporated by reference into this clause, save for any waiver of any rights the parties would otherwise have to any form of appeal or recourse to a court of law or other judicial authority, which rights are expressly reserved. The number of arbitrators shall be three. The seat of the arbitration shall be London. The language of the arbitration shall be English.

A dispute arising out of or related to these Terms is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

 

ANNEX A

 

MIVRS Risks

By purchasing, owning, and using MIVRS, you expressly acknowledge and assume the following risks:

 

  1. Risk​ ​of​ ​Losing​ ​Access​ ​to​ ​MIVRS​ ​Due​ ​to​ ​Loss​ ​of​ ​Private​ ​Key(s),​ ​Custodial​ ​Error​ ​or​ ​Purchaser Error

 

A private key, or a combination of private keys, is necessary to control and dispose of MIVRS stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing MIVRS will result in loss of such MIVRS. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your MIVRS. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store MIVRS in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your MIVRS. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving MIVRS, or provides an address that is not ERC-20 compatible, may result in the loss of your Tokens.

 

  1. Risks​ ​Associated​ ​with​ ​the​ ​Binance Smart Chain

 

Because MIVRS and the Ulti Arena platform are based on the Binance Smart Chain protocol, any malfunction, breakdown or abandonment of the BSC protocol may have a material adverse effect on the platform or MIVRS. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the MIVRS and the platform, including the utility of the MIVRS for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the BSCprotocol.

 

  1. Risk​ ​of​ ​Mining​ ​Attacks

 

As with other decentralized cryptographic tokens based on the BSC protocol, MIVRS are susceptible to attacks by miners in the course of validating MIVRS transactions on the BSC blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the platform and MIVRS, including, but not limited to, accurate execution and recording of transactions involving MIVRS.

 

  1. Risk​ ​of​ ​Hacking​ ​and​ ​Security​ ​Weaknesses

 

Hackers or other malicious groups or organizations may attempt to interfere with the platform or MIVRS in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and MIVRS, including the utility of MIVRS for obtaining services.

 

  1. Risks​ ​Associated​ ​with​ ​Markets​ ​for​ ​MIVRS

 

If secondary trading of Tokens is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third-parties do ascribe an external exchange value to MIVRS (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile.

 

  1. Risk​ ​of​ ​Uninsured​ ​Losses

 

Unlike bank accounts or accounts at some other financial institutions, MIVRS are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you.

 

  1. Risks​ ​Associated​ ​with​ ​Uncertain​ ​Regulations​ ​and​ ​Enforcement​ ​Actions

 

The regulatory status of MIVRS and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Ulti Arena platform and MIVRS. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and MIVRS. Regulatory actions could negatively impact the platform and MIVRS in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of MIVRS constitutes unlawful activity or that MIVRS are a regulated instrument that require registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof. The Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.

 

  1. Risks​ ​Arising​ ​from​ ​Taxation

The tax characterization of MIVRS is uncertain. You must seek your own tax advice in connection with purchasing MIVRS, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.

 

  1. Risk​ ​of​ ​Competing​ ​platforms

 

It is possible that alternative platforms could be established that utilize the same open source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the Ulti Arena services.

 

  1. Risks​ ​Arising​ ​from​ ​Lack​ ​of​ ​Governance​ ​Rights

 

Because MIVRS confer no governance rights of any kind with respect to the Ulti Arena platform or the Company, all decisions involving the Company’s products or services within the platform or the Company itself will be made by the Company at its sole discretion. These decisions could adversely affect the platform and the utility of any MIVRS you own, including their utility for obtaining services.

 

  1. Unanticipated​ ​Risks

 

Cryptographic tokens such as MIVRS are a new and untested technology. In addition to the risks included in this Annex A of these Terms, there are other risks associated with your purchase, possession and use of MIVRS, including unanticipated risks. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Annex A of these Terms.

 

Further Information

 

For further information regarding the MIVRS sale, please contact via https://t.me/minionverse

Contract BSC: 0x266A9Bc534b19369B00380a86f74612dD236a0aF