Qoin Terms and Conditions and Explanation
The Qoin tokens provided under this program are promotional rewards only and are not investments. They carry no right to monetary redemption, income, profit, equity, or voting rights, and are not redeemable or guaranteed. Their value, if any, derives from third-party market activity outside our control. We provide no assurance regarding their value or any future benefits.
Buy’t does not own Qoin and has no relationship with the Qoin Foundation other than having been granted a number of Qoin to give away as rewards to its’ customers.
If Buy’t receives Qoin, it is added to the supply granted, to be used for rewarding customers and promoting itself
Buy’t does not promise that Qoin will provide a yield or financial return, will be available in the future, can be useful for purchases, can be traded now or in the future, can be redeemed or exchanged for cash
Buy’t makes no representations that Qoin is an asset or a store of value, an investment or a commercial product
Buy’t does not offer financial services in connection with Qoin, offers no custodial service and offers no payment services for Qoin
Participation in the rewards program is totally voluntary – participants should seek legal advice if considering trading tokens outside this program
DISCLAIMER
General Disclaimer
The Qoin tokens distributed through this program (“Tokens”) are provided solely as promotional rewards and are not intended to constitute financial products, securities, managed investment products, derivatives, non-cash payment facilities, or any other regulated financial instruments in New Zealand or Australia.
No Investment or Financial Product
The Tokens do not represent a right to repayment of money, a right to receive interest or income, equity in any company or trust, a share of profits, or any entitlement to returns generated by us or any other party.
The Tokens are not offered as an investment, and we make no representation that holding Tokens will generate any financial return or benefit.
Any secondary market value of the Tokens is wholly outside our control and arises (if at all) solely from independent third-party activities.
No Guarantee of Value or Functionality
We do not guarantee that the Tokens will have, retain, or increase in value, or that they will have any ongoing utility.
The Tokens are not redeemable for money or any specific goods, services, or assets from us beyond the promotional purpose for which they are provided.
Regulatory Compliance
We operate this program on the basis that the Tokens are not financial products under the Financial Markets Conduct Act 2013 (New Zealand) or the Corporations Act 2001 (Australia).
We will not provide financial advice, deal in financial products, operate a managed investment scheme, or engage in any activity requiring licensing under New Zealand or Australian law in connection with the Tokens.
No Advice
Nothing in this program or any associated material constitutes financial advice. Participants should seek independent advice before engaging in any activity involving Tokens, especially trading or exchanging them.
Risk Acknowledgment
Recipients accept Tokens as-is and acknowledge that blockchain-based assets of any nature carry risks including volatility, technological failure, cyberattacks, and regulatory changes.
Jurisdictional Limits
This program is not intended as an offer of financial products to any person in any jurisdiction where such offers are regulated. We have taken reasonable steps to ensure that this program does not target or solicit investment from the public in New Zealand, Australia, or elsewhere.
Taxation
Buy’t does not provide advice and makes no representations regarding the taxation in connection with the use, acceptance or otherwise regarding Qoin. Please seek advice from a legal or accounting specialist.