The Reeward.io Pre-Order Terms

 

Preamble


Parallel Planes is building a rewards platform “Reeward.io Builder” (“Reeward.io Platform”), that will offer administration tools that enable its users to create loyalty / rewards / bounty web applications offering wide range of valuable digital assets, including gaming items; and enables customers to build their own rewards or bounty network.

These Pre-Order Terms and Conditions (“Terms) govern the placing of pre-order (Pre-Order) with Parallel Planes (“we”, “us”, or “Parallel Planes PTY LTD”) for Reeward.io subscription (“Subscription”). Please read these Terms carefully before submitting your Pre-Order. By submitting your Pre-Order you (the User) agree to be legally bound by these terms.

Please note that pre-ordering of Reeward.io Subscription Tokens represents a support to Reeward.io Project and an important step in Reeward.io Platform development. You can learn more about our Reeward.io campaign here and here. By pre-ordering your Reeward.io subscription you explicitly confirm that you understand and agree that some of our project goals might change due to unforeseeable situations in the market change or technological challenges and you confirm and understand that we have an explicit right to implement such modification without your approval or consent and without special notification.


Definitions

-          PARALLEL PLANES is an Australian company, Parallel Planes Pty Ltd, 805/220 Collins St, Melbourne VIC 3000, registration number: 634114060

-          REEWARD.IO PROJECT is a development of Reeward.io Platform

-        REEWARD.IO PLATFORM (or Platform) is a platform where users can build their own loyalty / rewards / bounty web applications by using self-service admin interface.

-          PLATFORM COMPLETION or platform deployment, shall mean the final deployment of the Reeward.io Platform

-        REEWARD.IO SUBSCRIPTION TOKEN (or Reeward.io Token or Subscription Token or Token) shall mean Ethereum-based ERC-1155 token. Buyers who will pre-order Reeward.io Subscription will receive Reeward.io Subscription Token. Once the Reeward.io Platform is successfully deployed, Tokens shall be the cryptographic tokens which represent a usage right (1- Month Usage Licence) to the deployed Reeward.io Platform to the extent derived from applicable package (Essential, Premiere, Ultimate Package).

-          PRE-ORDER (PRE-SALE) PERIOD shall mean the time period of 3 months starting 28 November 2019.


How does it work?

We are enabling you to pre-order Reeward.io Subscription for a discounted price. When you submit Pre-Order and execute the payment you will receive a Subscription Token that will represent transferable right to use Reeward.io Platform for 1 month. Reeward.io Subscription (Subscription) is a usage licence to use the Reeward.io Platform. There will be three packages available for customers:

-          Essential Subscription Package (up to 1,000 customer accounts)

-          Premiere Subscription Package (up to 10,000 customer accounts)

-          Ultimate Subscription Package (up to 100,000 customer accounts)

Important: Only customers who Pre-Order Reeward.io Subscription will receive Reeward.io Subscription Tokens at discounted price that will give them the right to use the Reward.io Platform (within limits of selected Package). Subscription token will therefore serve as a tokenized software licence. Ownership of Reeward.io Token carries no rights express or implied other than a limited right (license) to use Reeward.io Platform, if and to the extent the Reeward.io Platform has been successfully completed and deployed. Reeward.io Subscription Token represents a 1 (one) month right to use the Reeward.io Platform. Each Reeward.io Token carries its own identification number in our system, which allows us to track which Tokens have already been activated on the Platform. After the Reeward.io Token has been activated our system will record this information permanently, meaning that the monthly subscription for that individual Token has been used and Token will be considered as expired. Activated Token can no longer provide you the right to use Reeward.io Platform (the licence linked to that particular Token will be considered as expired).

At the time of Pre-Order placement our program will randomly select additional benefits for you. By pre-ordering Reward.io Subscription you will have:

-        A 90 % chance of receiving the 1 Month Essential Package (1,000 accounts) which will cost US $65 per month when Reward.io Platform launches;

-        A 9 % chance of receiving the 1 Month Premiere Package (10,000 accounts) which will cost US $295 USD per month when Reeward.io Platform launches;

-        A 1 % change of receiving the 1 Month Ultimate Package (100,000 accounts) which will cost US $995 per month when Reeward.io Platform launches;

Meaning you will receive minimum value of the Essential Package that will be valued at $65 when Reeward.io launches.

After you receive Reeward.io Subscription Token we may also send you an airdrop of Rio coins as special bonus. Rio Coin will be the primary currency within Reeward.io Bounty and you will be able to spend your Rio Coins on games, items and discounts. You can find more information about Rio Coins here.  Please note that airdrop of Rio Coins represent a possible special reward we may decide to grant to our users, however it does not represent any obligatory obligation towards you with which you expressly agree.

When Reeward.io Platform launches, owners of Subscription Tokens will be able to either redeem their package or sell them on the secondary market. PLEASE NOTE PARALLEL PLANES GIVES NO REPRESENTATIONS OR WARRANTIES WHATSOEVER THAT REEWARD.IO SUBSCRIPTION TOKEN WILL BE (EXCHANGEABLE) SOLD ON THE SECONDARY MARKET.

If during the Pre-Sale Period we do not receive orders in the minimum value of $20,000 USD we may decide to only partially develop the Reeward.io Project or to abandon the Reeward.io Project in which case all funds raised will be returned and all Subscription Tokens distributed will be null, meaning they will not enable Reeward.io Platform usage.

 

1.     Pre-Order Reservation

When placing a Pre-Order for subscription, you will be required to provide certain information, such as your address and billing information. You represent and warrant that all such information is kept current. Parallel Planes shall have no responsibility for inaccurate information or information that later becomes outdated, and shall have no obligation to make efforts to determine the correct contact information. You can update your information at any time by sending us an email.

You acknowledge and agree  that the number of Subscription Tokens is limited therefore Parallel Planes may decline or delay reservations to avoid oversubscription or as it deems appropriate, provided that we will make efforts to inform you within two (2) weeks of our receipt of your Pre-Order, and that you will be entitled to a full refund of the purchase Price.

Start Date: The initial Pre-Order term will start 28 November 2019.


2.     Price

The purchase price during Pre-Order is US $45 and the subscription will be sold exclusively in the form of Reeward.io Subscription Token.


3.     Payment

You will be charged a discounted price of 1-month subscription at the time of placing the Pre-Order. After the payment you will receive the Reeward.io Subscription Token as inventory within the Reeward.io Platform. You can withdraw those Tokens to your ERC1155 enabled wallet.

If Parallel Planes is unable to launch the Platform and facilitate the use of purchased Reeward.io Subscription Token within a year after you have purchased a Subscription, Parallel Planes shall process a full refund to you. The payment can be done via PayPal or by transferring Ethereum (ETH) or Enjin (ENJ) to the address specified during the checkout process. 

4.     Important Principles

By pre-ordering Subscription for Reeward.io Platform you confirm to understand and accept that Reeward.io Platform is still in development phase and that you contribute to the project by purchasing Subscription in advance for the development of the software, Reeward.io Platform.

You further confirm to understand and accept the risk that even if all or parts of the Reeward.io Platform are successfully developed and released in full or parts, due to a lack of public interest, the Reeward.io Project could be fully or partially abandoned, remain commercially unsuccessful or be shut down for lack of interest or other reasons. In addition, we reserve the right to abandon the Reeward.io Project without stating a reason and without special notification, in which case we will return the funds (purchasing price) on your account in fiat value within 30 days.

In case we, or PayPal for any reason choose to refund the money paid for Pre-Order subscription,  the subscription and the token associated with that subscription will be suspended and the tokens name, description, and token image identifying the token as a Reeward.io Subscription Token will be removed.

5.     General Pre-Order Principles

The creation of the Reeward.io Token will be conducted through Smart-Contract System managed by Enjin. Tokens will differ with regard to subscription packages and will enable a one-month usage of the Reeward.io Platform (licence to use the Platform for one month, number of end users corresponding to one of the subscription packages in accordance with Article 1). The identification number of each Reeward.io Subscription Token will be stored with us. The Token and consequently Usage Licence is transferable, however after the Reeward.io Subscription Token has been used on the Reeward.io Platform it will be considered and marked in our system as expired. Reeward.io Subscription Token will therefore only serve as one-month payment or as confirmation that payment of the Reeward.io Subscription has been made.

No Refund. The User understands and accepts that Pre-Order payments are final and may not be reversed. Payments are non-refundable. By paying Pre-Order, the User acknowledges that he has no right to request a refund for any reason, and that the User will not receive money or other compensation for any Reeward.io Subscription Token that is not used or remains unused, except if otherwise stated in these Terms.  


6.     Representations and Warranties of User

By purchasing Pre-Order Subscription, User represents and warrants that:

  1. User has a deep understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, smart contracts and blockchain-based software.

  2. User has carefully reviewed the content of this document and has understood and agreed with the terms and conditions contained herein.

  3. User is legally permitted to receive, hold and use tokens in User’s jurisdiction.

  4. User will contribute Ether (ETH) from a Wallet or Wallet service provider that technically supports the Reeward.io Subscription Token. User understands and accepts that failure to assure this may have the result that User will not gain access to his Reeward.io Subscription Token(-s).

  5. User is legally permitted to receive software and purchase the Tokens.

  6. User is of a sufficient age to legally conduct business and to create, receive, hold and use Token.

  7. User will take sole responsibility for any restrictions and risks associated with the creation, allocation, ownership and use of the Token at set forth in these Terms.

  8.  User is not obtaining or using Token for any illegal purposes.

  9. User is obtaining Token primarily to enable and support the development of the Reeward.io Platform and is aware of the commercial risks associated with User Pre-Order purchase.

  10. Users waives the right to participate in a class action lawsuit or class wide arbitration against any entity or individual involved with the Reeward.io Project and the sale of Pre-Order Subscriptions.

  11. User understands that the creation and ownership of Token does not involve the purchase of shared or security or equivalent rights or any right to receive future revenues shares or any other form of participation in or relating to Reeward.io Project and/or Parallel Planes;

  12. User understands and expressly accepts that there is no warranty whatsoever on Tokens and /or the success of the Reeward.io Project, expressed or implied, to the extent permitted by law, and that the Reeward.io Platform is used and Tokens are obtained at the Users sole risk on an “as is” and “under development” basis and without, to the extent permitted by law, any warranties of any kind, including but not limited to, warranties of title, or implied warranties, merchantability or fitness for a particular purpose;

  13. User understands that Tokens are not designed to form currency, that no secondary market may be guaranteed and that the Tokens will be after being activated marked as expired and that such Token may no longer represent usage right for the Platform;

  14. User is strictly prohibited to exploit or use the Reeward.io Platform or system on an unauthorized way, exploit weaknesses etc. In such cases we reserve the right to ban such user from further activities on the Reeward.io Platform and his account will be permanently deactivated (deleted). We will also deactivate all such User’s Reeward.io Subscription Tokens, meaning they will be market as expired. In such case User is not entitled to a refund.

  15. User understands that the User bears the sole responsibility to determine if the User’s Pre-Order of the Reeward.io Subscription, the creation, allocation ownership and use of Token, the potential sale of Token on secondary market over time (if any), the sale and purchase of Token and /or any other action or transaction related to the Reeward.io Project have tax implications for User; by creating, receiving, holding or using Token or Rio coins, any to the extent permitted by law, User agrees not to hold any third party (including developers, Parallel Planes, the founders, early contributors and Parallel Planes’s employees, officers, contractors, etc.) liable for any liability associated with or arising from the creation, allocation, ownership or use of Token(s) and/or Rio coins or any other action or transaction related to the Reeward.io Project.

 

7.     User’s Loss of password of the Ethereum Account used to contribute may cause the Loss of the Token

The User understands that if the password and the private key is lost, the User will not be able to generate a new password or recover his private keys. The User accepts that the loss of the password and / or the private key will cause the permanent loss of the created Token.

Unauthorized access by any party to a User’s Platform password along with access to the downloaded wallet, might enable unauthorized parties to access the Token and potentially the Token might be lost..

By creating, receiving, holding and using Token, and to the extent permitted by applicable law, the User agrees not to hold any of Reeward.io’s parties, developers, or Parallel Planes itself liable for any losses arising out of, or in any way connected to, User’s failure to properly secure and keep private the Platform Password and / or the private key.


8.     Risks Associated with the Allocation, Ownership and Use of Token

The User understands and accepts the risks in connection with transferring Ether (ETH) to the smart-contract system and receiving, holding and using Token as exemplary set forth above and hereinafter. In particular, but not limited to, the User understands the inherent risks listed hereinafter.

8.1. Risk of Regulatory Action in One or More Jurisdictions

Cryptocurrencies have been subject of regulatory scrutiny by various regulatory bodies around the globe. The User understands and accepts that the blockchain technology allows new forms of interaction and that it is possible that certain jurisdictions will apply existing regulations on, or introduce new regulation addressing blockchain technology based applications, which may be contrary to the current setup of the Smart Contract, and which may, inter alia, impede or limit the development of the Reeward.io Project, resulting in substantial  modifications of the Reeward.io Project, including its termination and the loss of Token for the User.

8.2. Risk of Insufficient Interest in the Reeward.io

The User understands and accepts that it is possible that the Reeward.io Platform will not be used by a large number of businesses and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Reeward.io Platform. Therefore, the development of the Reeward.io may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success, success of competitors or lack of prospects (e.g. caused by competing projects).

8.3. Risk that the development results will not meet the expectations of User

The User recognizes that the Reeward.io Platform is presently under development and may undergo significant changes before release. User acknowledges that his expectations regarding the form and functionality of the Reeward.io Platform may not be met upon release of the Reeward.io Platform, for any number of reasons including a change in the design and implementation plans and execution of the implementation of the Reeward.io Platform.

8.4. Risk of weaknesses or exploitable breakthroughs in the field of cryptography

Although Reeward.io will continuously strive to maintain best practice in the field of cryptography, there remains a risk that the state of the art can be overhauled over time due to advances in code cracking, or technical advances could present a risk to the Reeward.io Platform and / or underlying network.

In case we will detect any User’s activities that will be identified as unauthorized Platform use, any kind of security attack and / or Platform weaknesses exploitation and any attempts to overhaul Platform integrity they will be addressed immediately and will resolve in immediate permanent ban / deletion of the User’s account and in addition all Tokens that will be in his Platform inventory or will be linked to such User in our database will be nullified permanently without right to a refund.


9.     Disclaimer

The User expressly agrees that he is receiving, holding and using Subscription and Subscription Token at its’ sole risk and that Subscription and Token is provided on “as-is” basis without warranties of any kind,  including, but not limited to, warranties of title or implied warranties, merchantability or fitness for a particular purpose.

Without limiting the foregoing, neither Parallel Planes nor any other person, entity and / or affiliates involved with the deployment of the Reeward.io Platform can warrant that the Platform and / or process for creating, receiving, holding and using Token will be uninterrupted or error-free.


10.  Waiver of Liability

The User 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 whatsoever caused by or related to use of, or inability to use, Subscription, Token or the Reeward.io Platform under any kind in any jurisdiction, including, without limitation, actions for breach of warranty, breach of contract or tort (including negligence). User acknowledges and agrees that neither Parallel Planes (including Parallel Planes’s founders, officers, directors, agents, joint venture, employees, advisors and suppliers), nor any other person, entity and / or affiliates involved with the deployment of the Reeward.io Platform, nor any developer, subcontractor or founder of Reeward.io Platform shall be liable for any damages, including direct or indirect, incidental, special, exemplary or consequential damages, including for loss of profits, goodwill or data, in any way whatsoever arising out of the use, or inability to use Reeward.io Platform or Token.



11.  Miscellaneous

Applicable Law: The applicable law is Australian law.

Dispute Resolution: Any dispute arising out of or in connection with the development of the Reeward.io Platform and use of Token shall be finally settled by the courts of Victoria, Australia.

Complete Sales Governance Terms: These Terms along with smart-contract system managed by Enjin, sets forth the entire understanding of each User with respect to the Pre-Order of Platform Subscription.

For facts in relation to the sale and purchase, the User agrees to rely only on these Terms in determining purchase decisions and understand that these Terms govern the Pre-Order purchase and supersede any public statements about the Launch made by third parties or by Parallel Planes, the Reeward.io Team or individuals associated with Reeward.io Platform, past and present and during the Launch.

Severability: The User and Parallel Planes 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.

Updates to the Terms: Parallel Planes reserves the right, at its sole discretion, to change, modify, add or remove portions of the Terms at any time during contribution by posting the amended Terms in the website.