REDX NFT with STAKING CHARGE Purchase Terms
Regarding the purchase of REDX NFT with STAKING CHARGE sold by REDX GLOBAL LIMITED (hereinafter referred to as the "Issuing Company"), the purchaser shall accept and comply with each provision of the "REDX NFT with STAKING CHARGE Purchase Terms" (hereinafter referred to as "these Terms") when making a purchase.
Article 1 (Definitions and Interpretations)
The meaning of each term in these Terms is defined as follows.
Issuing Company refers to the legal entity with headquarters in Malaysia that conducts business such as the sale of this NFT.
【Company Overview】
Company Name: REDX GLOBAL LIMITED
Representative: Pubeneswara Ran A/L K R Kaluppia (CEO)
Shareholder: Pubeneswara Ran A/L K R Kaluppia (100%)
Establishment Date: April 25, 2024
Address: The Villa, Lot U0965, Jalan Jumidar Buyong, 87000 Federal Territory of Labuan, Malaysia
Capital: 1 USD
Purchaser refers to an individual or legal entity who purchases this NFT under the conditions set by the Issuing Company in their own name.
NFT refers to the REDX NFT with STAKING CHARGE issued by the Issuing Company, which serves as a collection item for participation in the REDX project community. NFT purchasers can receive preferential treatment and invitations in the REDX project. Additionally, REDX will be airdropped as a gift for NFT purchasers and simultaneously staked. The entire amount of REDX will be staked for 1 year, and staking rewards can be received separately in REDX or USDT.
Purchase Application refers to the process of applying for a purchase through the purchase application form provided on the Issuing Company's website, with the intention of purchasing this NFT from the Issuing Company. It is also referred to as an "Application" as a synonym.
Purchase refers to the payment made by the purchaser to the Issuing Company for the purchase of this NFT in compliance with these Terms, either by bank transfer in Japanese yen or by USDT (Tether Coin) using the ERC-20, TRC-20, or BEP-20 token standards. It is also referred to as a "Payment" as a synonym.
Purchase Date refers to the date on which the purchaser paid USDT to the Issuing Company's remittance destination address or the date on which the purchaser paid Japanese yen to the bank account designated by the Issuing Company after the purchase application was executed by the purchaser.
USDT refers to the unit of cryptocurrency called "Tether Coin." Cryptocurrency USDT is a stablecoin designed to be pegged to the price of the US dollar, and the purchase of NFTs is made through payment in USDT.
REDX refers to the cryptocurrency issued and managed by the Issuing Company.
Business Day refers to any day excluding Saturdays, Sundays, public holidays, or any other bank holidays. Time is based on Coordinated Universal Time.
Insolvency Event refers to the filing or application for bankruptcy, civil rehabilitation, corporate reorganization, special liquidation, special conciliation, or similar legal proceedings (including newly enacted insolvency procedure laws), or the resolution for dissolution or dissolution without resolution.
Government Authorities, etc. refers to nations and governments or their subordinate administrative agencies, or organizations that exercise legislative, judicial, or administrative functions of the government or are related to the government.
Laws and Regulations, etc. refers to laws, government ordinances, ordinances, rules, regulations, judgments, dispositions, orders, court decisions, and all guidance or requests by Government Authorities, etc.
Article 2 (Purchase)
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The procedure for purchasing NFTs is as follows:
① The purchaser proceeds with the purchase procedure by accepting the contents described in each provision of these Terms and pledging to comply with them when making a purchase.
② Selection of payment method: Choose between USDT transfer or bank transfer. For USDT transfers, enter the transfer network; for bank transfers, enter the name of the remitter at the time of transfer. The Issuing Company shall not be responsible for any losses incurred by the purchaser if the Issuing Company cannot confirm payment due to the selection of other networks.
③ Presentation of contact information (purchaser information)
・Name or company name
・Postal code
・Address
・Phone number
・Email address (in the case of a corporation, the email address of the person in charge)
・Wallet address for receiving NFT and REDX staking rewards
・TON address for receiving REDX
・Wallet address for receiving USDT staking rewards
④ Receipt of application completion and payment guidance email: Once the purchase application procedure is completed, the Issuing Company will send "Confirmation of Application Details and Payment Instructions" to the email address registered by the purchaser. The purchaser must remit payment within 3 business days from the application date according to the email. If more than 3 business days have passed, the application will be invalidated.
⑤ Payment and transaction ID submission: After payment is completed and confirmed by the Issuing Company, a receipt notification will be sent to the purchaser. The purchaser must submit the ID via the "Transaction ID Submission Form" mentioned in the guidance email. The ID cannot be shared with third parties.
⑥ The Issuing Company delivers the NFT to the registered wallet address.
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The sales period for NFTs will begin on April 1, 2025, and end once the planned sales quantity or amount is reached.
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Notes and disclaimers regarding NFT applications:
- Communication between the Issuing Company and the purchaser shall be conducted through the email address registered by the purchaser.
- The Issuing Company shall not be responsible for any economic losses, such as foreign exchange losses, incurred by the purchaser when preparing USDT for the purchase of NFTs.
- The purchaser shall not file an objection to the calculation based on the USDT value that the Issuing Company deems fair for calculating the NFT purchase quantity.
- If there is false information in the purchaser's information, the Issuing Company shall not be responsible for the sale of NFTs and may cancel or invalidate the purchase procedure. The Issuing Company shall not be responsible for any losses suffered by the purchaser.
- The purchaser of NFTs shall be an individual or legal entity that legally exists and has the qualification to purchase, but the Issuing Company shall not be responsible for any tax or other issues arising from such purchase.
- If the purchaser wishes to increase the application quantity, a new purchase application procedure must be carried out.
- If USDT is remitted from a different network, the receipt cannot be confirmed and the procedure cannot proceed. In the case of bank transfers, if the name of the remitter registered at the time of application differs, it may be difficult to sell the NFT. The Issuing Company shall not be responsible for either case. If a refund occurs due to overpayment, etc., a 5% fee will be charged on the refund amount.
- If the transaction ID is not reported and cannot be confirmed for 1 year after remittance, the Issuing Company will consider the right to remit to have been abandoned. If payment is remitted without going through the purchase application, it will also be considered abandoned after 1 year.
- The Issuing Company does not pay interest even if it holds surplus USDT, etc.
- The Issuing Company can always sell NFTs at its own management discretion.
- The Issuing Company uses Malaysian law as the governing law for the sale of NFTs. Purchasers cannot receive legal protection from the relevant government authorities unless they reside in Malaysia.
- Bonus benefits granted according to the purchaser's purchase timing and quantity may be changed according to conditions set by the Issuing Company.
- The Issuing Company may request a report on the circumstances of the purchase, etc., from the purchaser if deemed necessary.
Article 3 (REDX Staking)
- Purchasers of NFTs who wish to stake REDX presented as a gift for NFT purchasers can stake REDX according to the purchase amount of the NFT by making an application. Staking will not be performed for purchasers who do not make an application.
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The overview of REDX to be issued by the issuing company for the NFT is as follows:
【Issuance Overview】
Total Supply: 10,000,000,000 REDX (maximum possible issuance)
Token Standard: TON
Contract Address: EQCFO-Y8BSEAINBrNdv72VLC9LCYt915iy-_CmkJgrEaPw3P
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For purchasers, an amount of REDX equivalent to the purchase amount will be staked for 1 year. The conversion rate will be based on the rate from cryptocurrency exchanges or CoinMarketCap at 15:00 on the payment completion date, and early termination of staking is not possible. The staked REDX will be returned along with the 12th staking reward.
If payment is completed by the 1st of the month, the staking start date will be the 1st of that month.
If payment is completed by the 15th of the month, the staking start date will be the 15th of that month.
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Staking rewards and distribution dates are as follows:
1 Million JPY Plan (Monthly Reward Rate 2.5%)
【For staking starting on the 1st】
- 1-6 months after staking start: 2.5% of the staked REDX tokens will be distributed in REDX on the 1st of each month. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 2.5% of the staked REDX tokens will be distributed in USDT on the 1st of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
【For staking starting on the 15th】
- 1-6 months after staking start: 2.5% of the staked REDX tokens will be distributed in REDX on the 15th of each month. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 2.5% of the staked REDX tokens will be distributed in USDT on the 15th of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
3 Million JPY Plan (Monthly Reward Rate 3.0%)
【For staking starting on the 1st】
- 1-6 months after staking start: 3.0% of the staked REDX tokens will be distributed in REDX on the 1st of each month. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 3.0% of the staked REDX tokens will be distributed in USDT on the 1st of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
【For staking starting on the 15th】
- 1-6 months after staking start: 3.0% of the staked REDX tokens will be distributed in REDX on the 15th of each month. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 3.0% of the staked REDX tokens will be distributed in USDT on the 15th of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
5 Million JPY Plan (Monthly Reward Rate 3.5%)
【For staking starting on the 1st】
- 1-6 months after staking start: 3.5% of the staked REDX tokens will be distributed in REDX on the 1st of each month. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 3.5% of the staked REDX tokens will be distributed in USDT on the 1st of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
【For staking starting on the 15th】
- 1-6 months after staking start: 3.5% of the staked REDX tokens will be distributed in REDX on the 15th of each month. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 3.5% of the staked REDX tokens will be distributed in USDT on the 15th of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
10 Million JPY Plan (Monthly Reward Rate 4.0%)
【For staking starting on the 1st】
- 1-6 months after staking start: 4.0% of the staked REDX tokens will be distributed in REDX on the 1st of each month. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 4.0% of the staked REDX tokens will be distributed in USDT on the 1st of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 1st falls on a weekend or holiday, distribution will be on the next business day)
【For staking starting on the 15th】
- 1-6 months after staking start: 4.0% of the staked REDX tokens will be distributed in REDX on the 15th of each month. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
- 7-12 months after staking start: 4.0% of the staked REDX tokens will be distributed in USDT on the 15th of each month. Conversion will be based on the rate at 15:00 on the previous day. (If the 15th falls on a weekend or holiday, distribution will be on the next business day)
Article 4 (Trading)
- Private trading of NFTs is possible, but the issuing company is not involved. Taxation and other matters are the responsibility of the purchaser.
- As this NFT is an asset, it can be used as collateral, gifted, or inherited, but if the true owner changes, procedures with the issuing company are necessary. The issuing company is not involved in such actions.
Article 5 (Representations and Warranties)
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The issuing company warrants that it is a legally established Malaysian corporation with the authority to issue this NFT, and that it will use the funds obtained for the purposes stated in the issuance overview.
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The issuing company represents and warrants that at the time of establishing these terms, there are no going concern issues and no concerns regarding the issuance of NFTs.
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The purchaser warrants that the information provided at the time of purchase application is true and not false, that they do not represent the interests of third parties, and that they have no relationship with anti-social forces. The purchaser also warrants that they will take responsibility for any losses or tax issues related to this NFT and REDX.
Article 6 (Confidentiality)
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The issuing company will strictly manage confidential information and personal information obtained from purchasers and prevent leakage to third parties. If damage occurs to the purchaser as a result, the issuing company will work to recover the damage. However, this does not apply in the following cases:
- Information already possessed at the time of disclosure.
- Information that was publicly known at the time of disclosure.
- Information that became publicly known through no fault of the issuing company.
- Information obtained from a third party with legitimate authority without confidentiality obligations.
- Disclosure requests based on laws and regulations from government authorities, etc.
Article 7 (Taxes and Public Charges)
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Taxes on the issuing company related to NFT sales belong to the issuing company. However, if collection from purchasers is required by laws and regulations of government authorities, etc., collection will be made after notification.
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Purchasers are liable for taxes according to the tax rules of the government authorities where they reside when purchasing or selling NFTs. The issuing company does not provide advice or guidance on tax procedures.
Article 8 (Other Disclaimers)
- The purchaser acknowledges that these terms do not constitute any kind of prospectus or solicitation for the acquisition of securities.
- REDX obtained as staking or rewards does not guarantee the USDT value at the time of purchase.
- The format and functions of the platform provided by the issuing company may change, and the issuing company is not responsible for any damages resulting from such changes.
- The issuing company is not responsible for events such as delisting of REDX by cryptocurrency exchanges or government authorities.
- The purchaser will not object if the issuing company changes its headquarters location due to amendments to Malaysian law.
- The purchaser will not file objections if the issuing company changes these terms at its discretion.
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The purchaser accepts the resolution procedures for disputes arising in connection with the application, violation, interpretation, enforcement, performance, termination, etc. of these terms or related documents.
- Even if the issuing company requires all NFT purchasers to comply with the terms, the purchaser will not object to the issuing company if those who purchased through private transactions do not comply.
- Costs incurred by the purchaser in connection with the purchase application belong to the purchaser and will not be claimed from the issuing company.
Article 9 (Exclusion of Anti-Social Forces and Regulated Persons)
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The purchaser pledges the following:
① That they are not an anti-social force such as a violent group, business associated with violent groups, corporate extortionist, etc.
② That their officers are not anti-social forces.
③ That they will not allow anti-social forces to use their name to apply for purchases.
④ That they will not engage in threatening behavior, violence, fraud, forceful interference with business, or defamation against the issuing company.
⑤ That they will not purchase NFTs and REDX for the purpose of money laundering.
⑥ That they are not citizens or residents of the People's Republic of China, or U.S. persons (as defined in Regulation S).
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The issuing company may cancel the right to receive NFT benefits and REDX gifts in any of the following cases:
① If the purchaser violates pledge ① or ② of the preceding paragraph.
② If it is discovered that the purchaser entered into a contract in violation of pledge ③ of the preceding paragraph.
③ If the purchaser acts in violation of pledge ④ of the preceding paragraph.
④ If it is discovered that the purchaser entered into a contract in violation of pledge ⑤ of the preceding paragraph.
⑤ If it is discovered that the purchaser is a regulated person as described in pledge ⑥ of the preceding paragraph.
Article 10 (Governing Law and Dispute Resolution)
These terms shall be interpreted based on international commercial law. In the event of a dispute related to this contract, it shall be governed by the laws of Labuan, Malaysia, and shall apply to contractors in Japan. In the event of a dispute, the lender and borrower shall consult in good faith and make efforts toward resolution. If the dispute cannot be resolved, arbitration shall be conducted at the Singapore International Arbitration Centre (SIAC) in accordance with the arbitration rules of the International Chamber of Commerce (ICC).
Article 11 (Miscellaneous Provisions)
- These terms may be changed at the discretion of the issuing company, and the changes will be disclosed on the issuing company's website.
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Disputes related to the application, violation, interpretation, enforcement, performance, termination, etc. of these terms or documents accompanying these terms shall be resolved by binding arbitration conducted at the London Court of International Arbitration (LCIA). Each party shall select one arbitrator, and the LCIA shall select a third arbitrator. The award shall be final, legally binding, and enforceable.
- Matters not stipulated in these terms shall be determined separately by the issuing company.
Supplementary Provision: These terms shall be effective from the time the purchaser agrees to these terms and applies to purchase this NFT on the application website. The document created in Japanese shall be the original, and the existence of documents created in other languages shall not be recognized.