Using Metamask for buying an ERC20 token is the easiest way to purchase. Please use Google Chrome Browser and an extension of Metamask.
If you dont have metamask, you can get a free extenstion from here.
You will be sent the tokens automatically upon completion of the payment. If you don’t receive tokens within 24 hours, Kindly send an email with your Transaction No. to [email protected], we will let you know shortly.
Make sure that you send Ether from a wallet that supports ERC20 tokens or from an address for which you control the private key: Otherwise you will not be able to interact with the VIRES tokens received. Do not send ETH directly from an exchange to the ICO address.
ETH WALLET ADDRESS: Enter the ETH Address you will be using for your purchase. Note: VIRES Tokens can only be sent to the Wallet Address that you use to purchase VIRES by sending Ethereum. Your ETH Wallet Address must be a local ERC20-supported wallet. Do not enter an address or send Ethereum to the VIRES from an exchange (like Coinbase, Gdax, Binance, etc.). Send first to a Local ERC20-supported wallet. See below for our list of recommended wallets:
If you are using a Desktop Computer:
Our personal favorite ETH Wallet is MetaMask, which is installed on your computer as a Chrome Browser Extension. Here is a link to MetaMask’s website where you can download it: www.metamask.io). Another option is MyEtherWallet (www.myetherwallet.com)
If you are using a Mobile Phone:
We recommend the ETH Wallet mobile app called “Trust”. Get the Trust App on the iOS App Store or Android Play Store. After that, then do this: 1) click “Wallet”, 2) click “Ethereum (ETH)” tab, 3) Click “Receive” and then “Copy wallet address”.
Important: DO NOT use an ETH Wallet Address from an Exchange such as Coinbase, Bittrex, Binance, or GDAX because they used shared wallets and your VIRES will not be able to be credited to your own wallet address.
VIRES TOKEN PURCHASE AGREEMENT
Last Updated: MAY 28, 2018
This VIRES Token Purchase Agreement (this “Agreement”) contains the terms and conditions that govern your use of the VIRES distribution smart contract (the “VIRES Distribution Contract”); use of the related ERC-20 VIRES token smart contact (the “VIRES Token Contract”); and purchase of the related ERC-20 compatible tokens distributed on the Ethereum blockchain (the “VIRES Tokens”) and is an agreement between you or the entity that you represent (“Buyer” or “you”) and vires (“vires,” together with its parent company, subsidiaries and affiliates, “Company”). Buyer, vires and Company are herein referred to individually as a “Party” and collectively, as the “Parties”.
NOW, THEREFORE, in consideration of the mutual representations, warranties and agreements contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Company and Buyer hereby agree as follows:
IMPORTANT INFORMATION: PLEASE READ THIS AGREEMENT CAREFULLY AND IN ITS ENTIRETY.
Buyer acknowledges, understands and agrees to the following:
ARTICLE ONE: ACCEPTANCE OF AGREEMENT AND PURCHASE OF VIRES TOKENS
1.1. This Agreement shall be effective and binding on the Parties when Buyer: (a) clicks the check box on the official https://VIRES.io/ website (the “Website”) to indicate that Buyer has read, understands and agrees to the terms of this Agreement; or, if earlier (b) upon Company’s receipt of payment from Buyer. Buyer agrees to be bound on this basis, and confirms that Buyer has read in full and understands this Agreement and the terms on which Buyer is bound.
1.2. White Paper. Company has prepared the White Paper, which is available at https://22.214.171.124, describing matters relating to the VIRES.IO Software. The White Paper, as it may be amended from time to time, is hereby incorporated by reference. Buyer has read and understands the White Paper and its contents.
1.3. VIRES Tokens.
ARTICLE TWO: VIRES TOKEN DISTRIBUTION
2.1. Allocation and Distribution of VIRES Tokens. vires intends to allocate and distribute VIRES Tokens (the “VIRES Token Distribution”) in accordance with the material specifications as set forth in Exhibit A to this Agreement which includes details regarding the timing (the “VIRES Distribution Period”) and pricing of the VIRES Token Distribution and the amount of VIRES Tokens that will be distributed. During the VIRES Distribution Period, vires will provide specific procedures on how Buyer should purchase VIRES Tokens through the official Website. By purchasing VIRES Tokens, Buyer acknowledges and understands and has no objection to such procedures and material specifications. Failure to use the official Website and follow such procedures may result in Buyer not receiving any VIRES Tokens. Any buyer of VIRES Tokens may lose some or all of the amounts paid in exchange for VIRES Tokens, regardless of the purchase date. The access or use of the VIRES Distribution Contract, access or use of the VIRES Token Contract and/or the receipt or purchase of VIRES through any other means other than the official Website are not sanctioned or agreed to in any way by the vires Parties. Buyer should take great care that the website used to purchase VIRES Tokens has the following universal resource locator (URL): https://VIRES.io/.
2.2. No U.S. or Chinese Buyers. The VIRES Tokens are not being offered to U.S. persons or Chinese persons. U.S. persons and Chinese persons are strictly prohibited and restricted from using the VIRES Distribution Contract, using the VIRES Token Contact and/or purchasing VIRES Tokens and Company is not soliciting purchases by U.S. persons or Chinese persons in any way. If a U.S. person or a Chinese person uses the VIRES Distribution Contract, uses the VIRES Token Contract and/or purchases VIRES Tokens, such person has done so and entered into this Agreement on an unlawful, unauthorized and fraudulent basis and this Agreement is null and void. Company is not bound by this Agreement if this Agreement has been entered into by a U.S. person or a Chinese person as Buyer or Buyer has entered into this Agreement or has purchased VIRES Tokens on behalf of a U.S. person or a Chinese person, and Company may take all necessary and appropriate actions, in its sole discretion, to invalidate this Agreement, including referral of information to the appropriate authorities. Any U.S. person or Chinese person who uses the VIRES Distribution Contract, uses the VIRES Token
Contract and/or purchases VIRES Tokens or enters this Agreement on an unlawful, unauthorized or fraudulent basis shall be solely liable for, and shall indemnify, defend and hold harmless vires and vires’s 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 (collectively, the “vires Parties”) from any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special and including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses (collectively, the “Damages”) incurred by a vires Party that arises from or is a result of such U.S. person’s or Chinese person’s unlawful, unauthorized or fraudulent use of the VIRES Distribution Contract, unauthorized use of the VIRES Token Contract and/or the receipt or purchase of VIRES Tokens.
2.3. Allocation and Sale of VIRES Tokens to Vires Parties. Buyer understands and consents to the participation of the Company’s past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors and service providers in the purchase of VIRES Tokens, including people who may work on the development and implementation of the VIRES.IO Software or who may work for vires’s future businesses which vires may establish with a portion of the proceeds from the VIRES Token Distribution. All such vires Parties will participate on the same terms as every other buyer of VIRES Tokens and will be bound by this Agreement.
2.4. No Representations and Warranties. The VIRES Tokens will be distributed to buyers thereof pursuant to the VIRES Distribution Contract and the VIRES Token Contract. None of the vires Parties makes any representations or warranties, express or implied, including, without limitation, any warranties of title or implied warranties of merchantability or fitness for a particular purpose with respect to the VIRES Distribution Contract, the VIRES Token Contract or the VIRES Tokens or their utility, or the ability of anyone to purchase or use the VIRES Tokens. Without limiting the foregoing, none of the vires Parties represent or warrant that the process of purchasing the VIRES Tokens or receiving the VIRES Tokens will be uninterrupted or error-free or that the VIRES Tokens are reliable and error-free. As a result, Buyer acknowledges and understands that Buyer may never receive VIRES Tokens and may lose the entire amount Buyer paid to Company. Buyer shall provide an accurate digital wallet address to Company for receipt of any VIRES Tokens distributed to Buyer pursuant to the VIRES Distribution Contract and the VIRES Token Contract.
2.5. Not an Offering of Securities, Commodities, or Swaps. The sale of VIRES Tokens and the VIRES Tokens themselves are not securities, commodities, swaps on either securities or commodities or a financial instrument of any kind. Purchases and sales of VIRES Tokens are not subject to the protections of any laws governing those types of financial instruments. This Agreement and all other documents referred to in this Agreement including the White Paper do not constitute a prospectus or offering document, and are not an offer to sell, nor the solicitation of an offer to buy an investment, a security, commodity, or a swap on either a security or commodity.
2.6. Not an Investment. Buyer should not participate in the VIRES Token Distribution or purchase VIRES Tokens for investment purposes. VIRES Tokens are not designed for investment purposes and should not be considered as a type of investment. Within end of the VIRES Distribution Period, all VIRES Tokens will no longer be transferable and the VIRES Token Contract will prevent all further transfers and public key mappings. At this point, the distribution of VIRES Tokens will be complete. Buyer acknowledges, understands and agrees that Buyer should not expect and there is no guarantee or representation or warranty by Company that: (a) the VIRES.IO Software will ever be adopted; (b) the VIRES.IO Software will be adopted as developed by vires and not in a different or modified form; (c) a blockchain utilizing or adopting the VIRES.IO Software will ever be launched; and (d) a blockchain will ever be launched with or without changes to the VIRES.IO Software and with or without a distribution matching the fixed, non-transferable VIRES Token balances. Furthermore, VIRES Tokens will not have any functionality or rights on the VIRES Platform and holding VIRES Tokens is not a guarantee, representation or warranty that the holder will be able to use the VIRES Platform, or receive any tokens utilized on the VIRES Platform, even if the VIRES Platform is launched and the VIRES.IO Software is adopted, of which there is no guarantee, representation or warranty made by Company.
2.7. Not for Speculation. Buyer acknowledges and agrees that Buyer is not purchasing VIRES Tokens for purposes of investment, speculation, as some type of arbitrage strategy, for immediate resale or other financial purposes.
ARTICLE THREE: NO OTHER RIGHTS CREATED
3.1. No Claim, Loan or Ownership Interest. The purchase of VIRES Tokens: (a) does not provide Buyer with rights of any form with respect to the Company or its revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights; (b) is not a loan to Company; and (c) does not provide Buyer with any ownership or other interest in Company.
3.2. Intellectual Property. Company retains all right, title and interest in all of Company’s intellectual property, including, without limitation, inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyright or patents based thereon. Buyer may not use any of Company’s intellectual property for any reason without Company’s prior written consent.
ARTICLE FOUR: SECURITY AND DATA; TAXES
4.1. Security and Data Privacy.
4.2. Taxes. Buyer acknowledges, understands and agrees that: (a) the purchase and receipt of VIRES Tokens may have tax consequences for Buyer; (b) Buyer is solely responsible for Buyer’s compliance with Buyer’s tax obligations; and (c) Company bears no liability or responsibility with respect to any tax consequences to Buyer.
ARTICLE FIVE: REPRESENTATIONS AND WARRANTIES OF BUYER
By buying VIRES Tokens, Buyer represents and warrants to each of the vires Parties that:
5.1. Not a U.S. Person or Chinese Person: Buyer is not a U.S. person or a Chinese person.
5.2. Authority. Buyer has all requisite power and authority to execute and deliver this Agreement, to use the VIRES Distribution Contract and the VIRES Smart Contract, purchase VIRES Tokens, and to carry out and perform its obligations under this Agreement.
5.3. No Conflict. The execution, delivery and performance of this Agreement will not result in any violation of, be in conflict with, or constitute a material default under, with or without the passage of time or the giving of notice: (a) any provision of Buyer’s organizational documents, if applicable; (b) any provision of any judgment, decree or order to which Buyer is a party, by which it is bound, or to which any of its material assets are subject; (c) any material agreement, obligation, duty or commitment to which Buyer is a party or by which it is bound; or (d) any laws, regulations or rules applicable to Buyer.
5.4. No Consents or Approvals. The execution and delivery of, and performance under, this Agreement require no approval or other action from any governmental authority or person other than Buyer.
5.5. Buyer Status. Buyer is not subject to any of the disqualifying events listed in Rule 506(d)(1) of Regulation D under the Securities Act of 1933 (a “Buyer Event”), and there is no proceeding or investigation pending or, to the knowledge of Buyer, threatened by any governmental authority, that would reasonably be expected to become the basis for a Buyer Event.
5.6. Buyer Knowledge and Risks of Project. Buyer has sufficient knowledge and experience in business and financial matters, including a sufficient understanding of blockchain or cryptographic tokens and other digital assets, smart contracts, storage mechanisms (such as digital or token wallets), blockchain-based software systems and blockchain technology, to be able to evaluate the risks and merits of Buyer’s purchase of VIRES Tokens, including but not limited, to the matters set forth in this Agreement, and is able to bear the risks thereof, including loss of all amounts paid, loss of VIRES Tokens, and liability to the vires Parties and others for its acts and omissions, including with limitation those constituting breach of this Agreement, negligence, fraud or willful misconduct. Buyer has obtained sufficient information in order to make an informed decision to purchase VIRES Tokens.
5.7. Funds; Payments.
5.8. Miscellaneous Regulatory Compliance.
ARTICLE SIX: DISCLAIMERS
6.1. Buyer expressly acknowledges, understands and agrees that Buyer is using the VIRES Distribution Contract, the VIRES Token Contract and purchasing VIRES Tokens at the Buyer’s sole risk and that the VIRES Distribution Contract, the VIRES Token Contract and VIRES Tokens are each provided, used and acquired on an “AS IS” and on an “AS AVAILABLE” basis without representations, warranties, promises or guarantees whatsoever of any kind by Company and Buyer shall rely on its own examination and investigation thereof.
6.2. No Representation or Warranty. (A) COMPANY DOES NOT MAKE AND EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED OR STATUTORY; AND (B) WITH RESPECT TO THE VIRES DISTRIBUTION CONTRACT, THE VIRES TOKEN CONTRACT AND THE VIRES TOKENS, COMPANY SPECIFICALLY DOES NOT REPRESENT AND WARRANT AND EXPRESSLY DISCLAIMS ANY REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED OR STATUTORY, INCLUDING WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, OR AS TO THE WORKMANSHIP OR TECHNICAL CODING THEREOF, OR THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT.
ARTICLE SEVEN: RISKS
VIRES TOKENS MAY HAVE NO VALUE. BUYER MAY LOSE ALL AMOUNTS PAID. Buyer has carefully reviewed, acknowledges, understands and assumes the following risks, as well as all other risks associated with the VIRES Tokens (including those not discussed herein), all of which could render the VIRES Tokens worthless or of little value:
7.1. No Rights, Functionality or Features. VIRES Tokens have no rights, uses, purpose, attributes, functionalities or features, express or implied. VIRES Tokens do not entitle holders to participate on the VIRES Platform, even if the VIRES Platform is launched and the VIRES.IO Software’s development is finished and the VIRES.IO Software is adopted and implemented.
7.2. VIRES Platform. Buyer should not purchase VIRES Tokens in reliance on the VIRES Platform because VIRES Tokens are not usable on the VIRES Platform and do not entitle Buyer to anything with respect to the VIRES Platform.
7.3. Purchase Price Risk. The distribution of VIRES Tokens will occur at the end of each set period during the VIRES Distribution Period. The purchase price a buyer receives for VIRES Tokens depends upon the actions of all other users sending ether (“ETH”) to the VIRES Token Contract during the same period. Everyone sending ETH during the same period receives the same price. It is possible for other people to send in a large amount of ETH after Buyer and dramatically increase the price Buyer and everyone else pays per VIRES Token received. There are no guarantees as to the price of VIRES Tokens purchased by Buyer and no guarantees that the price per VIRES Token determined each period by the market will be equal to or higher in the subsequent periods of the VIRES Distribution Period. There is the possibility that the price per VIRES Token in subsequent periods of the VIRES Distribution Period falls below the price paid by initial buyers of VIRES Tokens during the VIRES Distribution Period. vires reserves the right to change the duration of the VIRES Distribution Period for any reason, including, without limitation, bugs in the VIRES Distribution Contract or the VIRES Token Contract or the unavailability of the Website or other unforeseen procedural or security issues.
7.4. Blockchain Delay Risk. On the Ethereum blockchain, timing of block production is determined by proof of work so block production can occur at random times. For example, ETH contributed to the VIRES Smart Contract in the final seconds of a distribution period may not get included for that period. Buyer acknowledges and understands that the Ethereum blockchain may not include the Buyer’s transaction at the time Buyer expects and Buyer may not receive VIRES Tokens the same day Buyer sends ETH.
7.5. Ethereum Blockchain. The Ethereum blockchain is prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the Ethereum network in an attempt to gain an advantage in purchasing cryptographic tokens. Buyer acknowledges and understands that Ethereum block producers may not include Buyer’s transaction when Buyer wants or Buyer’s transaction may not be included at all.
7.6. Ability to Transact or Resell. Buyer may be unable to sell or otherwise transact in VIRES Tokens at any time, or for the price Buyer paid. By using the VIRES Distribution Contract or the VIRES Token Contract or by purchasing VIRES Tokens, Buyer acknowledges, understands and agrees that: (a) VIRES Tokens may have no value; (b) there is no guarantee or representation of liquidity for the VIRES Tokens; and (c) the vires Parties are not and shall not be responsible for or liable for the market value of VIRES Tokens, the transferability and/or liquidity of VIRES Tokens and/or the availability of any market for VIRES Tokens through third parties or otherwise.
7.7. Token Security. VIRES Tokens may be subject to expropriation and or/theft. Hackers or other malicious groups or organizations may attempt to interfere with the VIRES Distribution Contract, the VIRES Token Contract or the VIRES Tokens 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 Ethereum platform rests on open source software and VIRES Tokens are based on open source software, there is the risk that Ethereum smart contracts may contain intentional or unintentional bugs or weaknesses which may negatively affect the VIRES Tokens or result in the loss of Buyer’s VIRES Tokens, the loss of Buyer’s ability to access or control Buyer’s VIRES Tokens or the loss of ETH in Buyer’s account. In the event of such a software bug or weakness, there may be no remedy and holders of VIRES Tokens are not guaranteed any remedy, refund or compensation.
7.8. Access to Private Keys. VIRES Tokens purchased by Buyer may be held by Buyer in Buyer’s digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private key(s) associated with Buyer’s digital wallet or vault storing VIRES Tokens will result in loss of such VIRES Tokens, access to Buyer’s VIRES Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet or vault service Buyer uses, may be able to misappropriate Buyer’s VIRES Tokens. Company is not responsible for any such losses.
7.9. VIRES Tokens Will Become Non-Transferable. Buyer acknowledges and understands that VIRES Tokens will become non-transferrable within twenty-three (23) hours after the end of the VIRES Distribution Period. At this time, Buyer will no longer be able to map a public key to Buyer’s account and Buyer will not be able to transfer VIRES Tokens on the Ethereum blockchain. Some cryptocurrency exchanges may on their own accord enable VIRES Tokens to continue trading, but the exchanges will be unable to accept new deposits or authorize withdrawals of VIRES Tokens.
7.10. New Technology. The VIRES.IO Software and the VIRES Platform and all of the matters set forth in the White Paper are new and untested. The VIRES.IO Software might not be capable of completion, implementation or adoption. It is possible that no blockchain utilizing the VIRES.IO Software will be ever be launched and there may never be an operational VIRES Platform. Buyer should not rely on the VIRES.IO Software or the ability to receive tokens associated with the VIRES Platform in the future. Even if the VIRES.IO Software is completed, implemented and adopted, it might not function as intended, and any tokens associated with a blockchain adopting the VIRES.IO Software may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so the VIRES Tokens and any tokens transferable on the VIRES Platform may become outdated.
7.11. Reliance on Third-Parties. Even if completed, the VIRES.IO Software will rely, in whole or partly, on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone’s needs, all of might have a material adverse effect on the VIRES.IO Software and VIRES Platform.
7.12. Failure to Map a Public Key to Buyer’s Account. Failure of Buyer to map a public key to Buyer’s account may result in third parties being unable to recognize Buyer’s VIRES Token balance on the Ethereum blockchain when and if they configure the initial balances of a new blockchain based upon the VIRES.IO Software of which Company makes no representation or guarantee.
7.13. Exchange & Counterparty Risks. If Buyer sends ETH to the VIRES Token Contract from an exchange or an account that Buyer does not control, pursuant to the VIRES Token Contract, VIRES Tokens will be allocated to the account that has sent ETH; therefore, Buyer may never receive or be able to recover Buyer’s VIRES Tokens. Furthermore, if Buyer chooses to maintain or hold VIRES Tokens through a cryptocurrency exchange or other third party, Buyer’s VIRES Tokens may be stolen or lost. In addition, third parties may not recognize Buyer’s claim to any derivative tokens if and when launched by third parties according to the distribution rules set in the VIRES.IO Software. By using the VIRES Distribution Contract, using the VIRES Token Contract and/or by purchasing VIRES Tokens, Buyer acknowledges and agrees that Buyer sends ETH to the VIRES Token Contract through an exchange account and/or holds VIRES Tokens on a cryptocurrency exchange or with another third party at Buyer’s own and sole risk.
7.14. Changes to the VIRES.IO Software. The VIRES.IO Software is still under development and may undergo significant changes over time. Although Company intends for the VIRES.IO Software to have the features and specifications set forth in the White Paper, Company may make changes to such features and specifications for any number of reasons, and any party that adopts the VIRES.IO Software and launches the VIRES Platform also may make changes, any of which may mean that the VIRES Platform does not meet Buyer’s expectations.
7.15. Risk of Alternative Blockchains based on VIRES.IO Software. The VIRES.IO Software will not likely be licensed under an open source license until after the end of the VIRES Distribution Period; however, it is possible somebody will not respect the VIRES.IO Software copyright or will modify the VIRES.IO Software after it has been released under an open source license. Therefore, it is possible for someone to utilize the VIRES.IO Software to build and launch blockchain protocols using a token distribution other than the one intended for the VIRES Tokens pursuant to the VIRES.IO Software both prior to or after the VIRES.IO Software has become licensed as open source.
7.16. Risk of Lack of Transferability in Blockchain Cryptographic Token. The VIRES.IO Software is built such that any blockchain that adopts the VIRES.IO Software will require approval of holders of not less than 15% of the total issued and outstanding VIRES Tokens before tokens on such blockchain (the “Blockchain Tokens”) can be transferred. In other words, if the VIRES.IO Software is adopted, it will be the responsibility of holders holding at least 15% of the issued and outstanding VIRES Tokens to adopt one or more blockchains in order for Blockchain Tokens received on such blockchains to be transferrable. Buyer acknowledges, understands and agrees that if the VIRES.IO Software is adopted and the requisite vote described above is not obtained, Buyer may not be able to transfer any Blockchain Tokens Buyer receives.
7.17. Project Completion. The development of the VIRES.IO Software may be abandoned for a number of reasons, including, but not limited to, lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
7.18. Lack of Interest. Even if the VIRES.IO Software is finished and adopted and the VIRES Platform is launched, the ongoing success of the VIRES Platform relies on the interest and participation of third parties like developers. There can be no assurance or guarantee that there will be sufficient interest or participation in the VIRES Platform.
7.19. Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact VIRES Tokens in various ways, including, for example, through a determination that VIRES Tokens are regulated financial instruments that require registration. Company may cease the distribution of VIRES Tokens, the development of the VIRES.IO Software or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.