Reg No. 643890 (IE)
Token sale
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Michael MurphyGraphics Designer, Apps developer

Experienced Team Lead with a demonstrated history of working in the information technology and services industry.
Skilled in Photoshop, Illustrator, After Effects, Maya, Vue Js, Ionic Framwork, Android, Ajax, jQuery.



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Legal Papers

The IPN token is a pure utility token and is not a profit investment. iProtocol does not provide any compensation for further profits to an IPN token holder. IPN token do not provide ownership of the stocks or assets of iProtocol Company instead the token holder have the rights to access in the vast feature of iProtocol application system. Yet iProtocol have met and passed all the required jurisdiction and tests over to the transparency which is based in Ireland.

 

  1. Howey test
  2. Registration by Ireland
  3. Services by iProtocol

 

Howey test:

The “Howey Test” is a test created by the Supreme Court of United State for determining whether certain transactions qualify as “investment contracts.” If so, then under the Securities Act of 1933 and the Securities Exchange Act of 1934, those transactions are considered securities and therefore subject to certain disclosure and registration requirements.

A security is found to exist when all four of these elements exist:

  1. Investment of money
  2. In a common enterprise
  3. With an expectation of profits
  4. From the efforts of others.

iProtocol strictly ensures that none of these elements are not applicable in any process of its ICO.

Questions of Howey Test:

Answering the questions makes sure to identify iProtocol as “Utility Token”

Q1. Are the token holders allowed to provide funding for the company’s capital and receive a portion of the profits?

Ans: NO

Q2. Does the fundraising effort of the ICO entail investment in the project where profits are generated entirely from the effort of individuals other than the creators or founders of the project?

Ans: NO

 

iProtocol Utility tokens are not intended to give their holders the ability to control how decisions are made in this company. iProtocol merely enable users to interact with iProtocol vast application services.

 

Registration by Ireland

iProtocol Network initial coin offering (ICO) are regulated by the nature of jurisdiction in Ireland to contribute and distribute IPN token. iProtocol as a pure utility token has its determination with the act of the Irish government and CBI. iProtocol also determine to comply with any further regulation and jurisdiction by Irish government or CBI.

As per current laws in Ireland of offering digital assets ensuring the term with existing securities law, financial services regulation and other applicable laws ( including banking, payment services, data protection and consumer protection legislation ).

The European Securities and Markets Authority (“ESMA”) issued a statement to this effect in November 2017, in which it mention to the firms involved in ICOs to the need to meet relevant regulatory requirements. ESMA identified, on a non-exhaustive basis, four key applicable EU directives, all of which are either directly applicable in Ireland or have been transposed into Irish law by local regulations. These are:

  1. the Prospectus Directive 2003/71/EC (the “Prospectus Directive”);
  2. the Markets in Financial Instruments Directive 2004/39/EC, which has since been repealed and recast by Directive 2014/65/EU (“MiFID II”);
  3. the Alternative Investment Fund Managers Directive 2011/61/EU (“AIFMD”); and
  4. the Fourth Anti-Money Laundering Directive 2015/849/EU (“4AMLD”).

 

iProtocol ensures the consistency of these regulation as a utility token as describe below:

 

The Prospectus Directive

The Prospectus Directive, as implemented in Ireland by S.I. No. 324/2005 (Prospectus (Directive 2003/71/EC) Regulations 2005), as amended, (the “Irish PD Regulations”) aims to ensure that adequate information is provided to investors by companies when raising capital in the EU. The Irish PD Regulations require the publication of a prospectus before an offer of securities to the public in Ireland or the admission of securities to trading on a regulated market situated or operating in Ireland, unless certain exclusions or exemptions apply. Such a prospectus must be prepared in accordance with the detailed content requirements of EU law and requires to be approved by the Central Bank of Ireland, the Irish supervisory authority (or by the supervisory authority of another EU member state and passported into Ireland).

For the purposes of the Prospectus Directive and the Irish PD Regulations, “securities” means “transferable securities” as defined by Article 4.1(44) of MiFID II (with the exception of “money market instruments” as defined by Article 4.1(17) of MiFID II having a maturity of less than 12 months).

Article 4.1(44) of MiFID II defines “transferable securities” as:

those classes of securities which are negotiable on the capital market, with the exception of instruments of payment, such as:

  1. shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares;
  2. bonds or other forms of securitized debt, including depositary receipts in respect of such securities; [and]
  3. any other securities giving the right to acquire or sell any such transferable securities or giving rise to a cash settlement determined by reference to transferable securities, currencies, interest rates or yields, commodities or other indices or measures;”

 

General guidance and commentary on this definition has identified three formal criteria and one more substantive criterion for a security to be considered a “transferable security”. The three formal criteria are that a security must be: (i) transferable, (ii) negotiable on the capital market (which is a concept that goes beyond legal transferability, and considers the practical ease of transferability and trading of the securities) and (iii) standardized (such that the security can belong to a class). The more substantive criterion is that a security must belong, or be comparable, to the non-exhaustive list of examples given in sub-paragraphs (a) to (c) of the definition of “transferable securities”.

The three formal criteria of being transferable, negotiable and standardized digital assets which fall within, or are comparable to the non-exhaustive list of securities given in sub-paragraphs (a) to (c) of the definition of “transferable securities” will be treated as such. This would include digital assets (categorised as “asset tokens/security tokens”) which represent a debt or equity claim on the issuer and are analogous to, or contain features of, equities or bonds, together with digital assets in the form of, or comparable to, options or derivatives.

 

 

On the other end, based on current law and practice, the digital assets (commonly categorised as “utility tokens”) which are only intended to provide access digitally to currently available applications or services, are unlikely to be “transferable securities”.

Digital assets (commonly categorised as “payment tokens” or “currency tokens”) intended to be used as a means of payment for acquiring goods or services should not, based on current law and practice, be considered “transferable securities” on the basis that they qualify as instruments of payment.

 

 

MiFID II

MiFID II, as implemented in Ireland by S.I. No. 375 of 2017 (European Union (Markets in Financial Instruments) Regulations 2017), as amended, (the “Irish MiFID II Regulations”), aims to create a single market for investment services and activities and to ensure a high degree of harmonized protection for investors in “financial instruments” in the EU.

A firm that provides regulated investment and ancillary services in relation to “financial instruments” as defined by the Irish MiFID II Regulations needs to comply with MiFID II requirements as implemented in Ireland, including being appropriately authorised by the Central Bank of Ireland (or the supervisory authority of another member state of the EU). In addition to “transferable securities”, “financial instruments” include those instruments listed in Schedule 1, Part 3 of the Irish MiFID II Regulations. Instruments of payment are not “financial instruments”.

In the case of digital assets (whether in the form of tokens, coins or otherwise), where the coin, token or other asset qualifies as a “transferable security” or other “financial instrument”, the process by which the digital asset is created, distributed or traded is likely to involve some MiFID II investment services such as placing, dealing in or advising on “financial instruments”, requiring authorisation from the Central Bank of Ireland (or the supervisory authority of another member state of the EU).

The operation of a trading platform for “transferable securities” and other “financial instruments” is a regulated investment service that requires authorisation under the Irish MiFID II Regulations. Accordingly, if the digital assets to be traded comprise “transferable securities” or other “financial instruments”, a MiFID II authorisation will be required. If the digital assets to be traded are not “transferable securities” or other “financial instruments”, as is likely the case with pure utility tokens and payment tokens based on current law and practice, no MiFID II authorisation will be required.

 

 

 

 

 

AIFMD

AIFMD, as implemented in Ireland by S.I. No. 257 of 2013 (European Union (Alternative Investment Fund Managers Regulations 2013), as amended, (the “Irish AIFMD Regulations”), lays down the rules for the authorisation, ongoing operation and transparency of the managers of alternative investment funds (“AIFMs”) which manage and / or market alternative investment funds (“AIFs”) in the EU. An “AIF” is defined in the Irish AIFMD Regulations as a collective investment undertaking, including investment compartments thereof, which raises capital from a number of investors with a view to investing it in accordance with a defined investment policy for the benefit of those investors (other than a collective investment undertaking that requires authorisation under the UCITS Directive (Directive 2009/65/EC).

An AIFM covered by the parameters of the Irish AIFMD Regulations is not permitted to manage or market relevant AIFs unless authorised to do so by the Central Bank of Ireland (or the supervisory authority of another member state of the EU).

Depending on how it is structured, an offering of digital assets could qualify as an AIF, to the extent used to raise capital from a number of investors with a view to investing the capital raised in accordance with a defined investment policy for the benefit of those investors. Firms involved in ICOs may therefore need to comply with AIFMD rules, including the requirement to be authorised. In particular, AIFMD provides for capital, operational and organisational rules and transparency requirements.

 

 

4AMLD

4AMLD prohibits money laundering and terrorist financing. It applies to obliged entities including credit institutions and financial institutions, the latter including MiFID II investment firms, collective investment undertakings marketing their units or shares and firms providing certain services offered by credit institutions without being one.

4AMLD requires obliged entities to carry out due diligence on customers and to have in place appropriate record-keeping and other internal procedures. Firms have an obligation to undertake monitoring and report any suspicious activity and to co-operate with any investigations by relevant public authorities. While 4AMLD has not yet been fully transposed into Irish law, it builds upon earlier anti-money laundering directives, which have been transposed, with the relevant Irish legislation to be found in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended.

 

 

Neither the provisions of 4AMLD nor the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended, currently apply to the operators of cryptocurrency exchanges unless they are required to be authorised for the purposes of the Irish MiFID II Regulations (i.e., if they facilitate the trading of digital assets that are “transferable securities” or another category of “financial instrument”).

 

 

 

 

 

 

Services of iProtocol

iProtocol ensure its services at the application system to not conflict with any securities law and make sure as a pure utility token for its token holder. The contributors of iProtocol token holder reserve the token to their wallet and get accesses to the application services. Below its highlighted the major features of iProtocol application system:

  1. Decentralized server system
  2. ERP system
  3. Decentralized social and mailing system
  4. Decentralized browser
  5. Artificial Intelligence
  6. Decentralized job portal
  7. 3D Graphical theme or website (cms+iProtocol application)
  8. IDE Compiler
  9. Decentralized Exchange
  10. IPR Coin
  11. Decentralized Wallet

 

The definition of all services above is explained over to this documentation below.

 

 

 

 

KYC:

You may pass the KYC procedure at any time, before or after purchasing IPN tokens, during the token sale or after the end of the token sale. There are no time restrictions here. Once you fill the KYC form, iProtocol team will check it manually and send you the confirmation through your iprotocol account and email that you are passed or not. Maybe iProtocol will ask you to resubmit your documents if those are unrecognizable or face any problem. When you pass the verification, you will be able to withdraw your IPN tokens to your Etherium wallet or any ERC20 compatible wallet from the last day of the token sale or hold the token to the iProtocol wallet for further uses. If you do not pass the verification procedure, iProtocol will issue you a refund yet iProtocol will give you a chance to resubmit the documents again. Just keep in mind that you have valid documents like passport, national ID or driving license and you are not from ICO restricted country like USA, NORTH KOREA, IRAN or others as defined below.

 

 

Who can participate in this ICO:

In the iProtocol network ico we welcome and accept any contributors except for citizens or residents of the following

Countries:

  • United States of America
  • North Korea
  • IRAN

 

 

 

Data protection

The sale and purchase of IPN Tokens on the iProtocol Network platform may require the provision of personal data. Personal data is information used to identify an individual. Examples of personal data collected may include names, addresses, email addresses, phone numbers, and fax numbers. Personal data may be obtained in a number of ways, including application via the project website, correspondence, telephone, fax and email. We ensure personal data protection through the implementation of an internal Privacy Policy and compliance with the Terms of Use. Generally, an individual is entitled to require a bank, where they concluded any transaction aimed at the removal of any data regarding such transaction from the banking system. Blockchain does not allow deleting data about any transactions concluded. As such, any user conducting transactions via blockchain connected with the purchase and/or disposal of IPN Tokens shall represent and warrant that they realize the above facts and shall provide a waiver renouncing their right to require removal of any such data from the blockchain. We place significant emphasis on managing possible legal and regulatory risks and work in close partnership with a very reputable international law firm to protect our users.

Privacy and Data protection policy

 

Iprotocol Network is committed to protecting and respecting your privacy.

This policy sets out of the basis on which any personal data we collect from you, or that you provide to us, will be processed by us.

Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it. By visiting www.iprotocol.network you are accepting and consenting to the practices described in this policy.

 

 

Collection and use of personal information:

iProtocol Network collects personal information that you voluntarily provide on this website, which includes your name, address, e-mail address, country including other contact information.

 iProtocol Network collects personal information when you register to receive more information about certain Iprotocol Network services or products Iprotocol Network uses this information to communicate with you and to provide you with your requested information.

 

From time to time Iprotocol Network may request for additional personal information from you, such as information validating your address or other available personal information like passport, driving license, national ID card, photograph etc. This is to help Iprotocol Network maintain the accuracy of the information it collects and to help Iprotocol Network provide a better service.

 

 

With regards to each of your visits to our site will automatically collect the following information:

Technical information, including the Internet protocol (IP) address used to connect your computer to the Internet, your login information, browser type and version, time zone setting, browser plug-in types and versions, operating system and platform.

information about your visit, including the full Uniform Resource Locators (URL), clickstream to, through and from our site (including date and time), products you viewed or searched for, page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouse-over’s), methods used to browse away from the page, [OTHER] and any phone number used to call our customer service number.

 

 

COOKIES:

Iprotocol Network may collect usage information from visits to the website to help provide better customer service. Iprotocol Network may use this data to analyze trends and statistics and to help provide better customer service.

 

Iprotocol Network will collect such information through the use of various technologies, including “cookies”.

The cookie may then be stored on your computer as an anonymous tag that identifies your computer but not you. You can set your browser to notify you before you receive a cookie, giving you the chance to decide whether to accept it.

You also can set your browser to turn off cookies. If you do so, some pages may not work properly and you do this at your own risk.

 

 

Disclosure of personal information:

 

You agree that we have the right to share your personal information with:

  • Any member of our group, which means our subsidiaries and our ultimate holding company.
  • Analytics and search engine providers that assist us in the improvement and optimization of our site.
  • Cross-reference or credit reference agencies for the purpose of assessing your politically-exposed status and/or credit score where this is a condition of us entering into a contract with you.
  • Iprotocol Network may disclose your personal information to unaffiliated third parties if we believe in good faith that such disclosure is necessary:
  1. To comply with the law or in response to a court order, government request, or other legal process.
  2. To protect the interests, rights, safety, or property of Iprotocol Network or others.
  3. To enforce any contract with you or our Subscriber who you represent, or any terms of service on this website.
  4. To provide you with the services or products requested by you (including allowing a purchaser of a Iporotocl Network division, or Iporotocol Network as a whole, to continue to serve you), and to perform other activities related to such services and products, including billing and collection.
  5. To provide you with information from Iprotocol Network.
  6. To operate Iprotocol Network systems properly.

 

 

Your rights:

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes.

 You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data. You can also exercise the right at any time by contacting us at support@iprotocol.network

 

Our site may, from time to time contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies.

Please check these policies before you submit any personal data to those websites.

 

Modification to this online privacy policy:

Iprotocol Network reserves the right to change this privacy policy at any time by posting revisions on this web page. Please ensure that you review these policies periodically.

 

Contact: 

Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to support@iprotocol.network

Service Terms

 

  1. www.iProtocol.network is the only official website of iProtocol Network. All investors and supporters of iProtocol Network can sign up their own official accounts through this website.
  2. This website is not open to member from ICO prohibition countries like USA, Iran, North Korea. Prohibited countries may subject to update.
  3. As a signed-up member, you should ensure that you are the legal owner of the account. At the same time, all of your trading should not infringe the rights of any third party or break the law.
  4. Within the scope permitted by law, this website will not responsible for the member’s loss of profit, loss of revenue, loss of business and data loss, unless the loss is caused due to this web site in violation of the terms of service.
  5. This website will not responsible for any loss caused by network failure, network interruption or network latency, and any other not normal visit.
  6. The links to other web site provided by a third party in our website is only used to providing information, iProtocol are not responsible for the content of those web site, or responsible for the loss caused by using its content through any user.
  7. If there is a fraud or other illegal ACTS, this website will provide all the necessary user information to the relevant regulatory authorities. When regulators want to investigate fraud or other illegal ACTS, the user account may be frozen.
  8. Bonus hunters are unacceptable in this website. If there are any acts of abnormal bonus getting, this website will block up the member account without any compensation and will not responsible for the members loss of profit, loss of revenue, loss of business and data.

 

 

 

Membership Agreement

 

iProtocol Network and members, intending to be legally bound, and in consideration of the mutual promises and covenants contained herein, agree as follows: 

 

  1. It is deemed that the members and iProtocol Network have reached the full agreement of "membership agreement" when members click the "register now" button of iProtocol Network official website registration page and complete the registration process to obtain iProtocol Network website account and password.

 

  1. iProtocol Network and its members have carefully read all the terms of this agreement, to know, understand and accept this agreement and the foregoing terms of service. The content of this agreement includes the text of this agreement and various rules, statements and instructions that have been published or may be published in the official website of iProtocol Network. All rules, statements and instructions shall be an integral part of this agreement and shall have the same legal effect as the text of this agreement.

 

  1. This agreement does not involve any legal relations or legal disputes arising from the transaction between members of the iProtocol Network and other members.

 

 

 

Definition

 

  • “iProtocol Network”: Domain name is www.iProtocol.network is the only legal owner of the iProtocol Network.

 

  • “Members”: Members who sign up through the official website of iProtocol Network, accept and agree to all the terms and conditions of this agreement, as well as the terms and conditions published or updated by the official website of iProtocol Network from time to time.

 

  • “Membership Sign Up”: Membership sign up refers to the process in which members log on the official website of iProtocol Network, fill in relevant information as required, confirm and agree to perform relevant membership agreements.

 

 

 

Membership Sign Up                                                                          

 

  • Sign Up Qualification

Member’s promises: Members with full capacity for civil rights and capacity. Or members not have full capacity for civil rights and capacity, but when members click agree to sign up button, this website will deem this action to be approved by members’ legal agent and sign up by his/her legal agent to use this website.

 

  • Sign Up Purpose

Member’s promises: Membership sign up is not conducted for the purpose of violating laws and regulations or undermining the operation of iProtocol Network official website.

 

  • Sign Up Process

 

  • Members agree to provide effective information such as name ,E-mail for subscription ,country and setting website account and password according to the requirement of website membership sign up page. Members shall ensure the authenticity, integrity and accuracy of all information provided.
  • The member who provide the information legally, completely and effectively, have the right to obtain iProtocol Network website account and password and log on the iProtocol Network official website.

 

  • It is deemed that the members sign up success when obtained the website account and password. Meanwhile, it means members agree to receive emails and messages related to the management and operation of the official website of iProtocol Network.

 

 

 

Membership Service

This website provides members with platform services for investing in or supporting iProtocol Network

 

  • Service Content

 

  • Members have the right to browse information related to iProtocol Network on this website.

 

  • Members have the right to check the information under the membership account of this website and have the right to use the functions provided by the official website of iProtocol Network for operation.

 

  • Members have the right to participate in the website activities organized by the official website in accordance with the activity rules published by the official website of iProtocol Network

 

  • Other services iProtocol Network official website promises for its members.

 

  • Service Regulation

Members promise to abide by the following service rules of iProtocol Network official website:

 

  • Members shall abide by laws, regulations, normative documents and policy requirements to ensure the legitimacy of the iProtocol Network account. It is not allowed to engage in illegal or other activities on this website or use this website to harm the iProtocol Network official website or the rights and interests of third parties.

Such as sending information that violates laws, regulations, public order, good customs and infringes upon the rights and interests of others, sending pyramid selling materials or other harmful information or comments, using or forging the email header information of the iProtocol Network official website without the authorization of iProtocol Network.

 

  • Members shall abide by laws and regulations and shall properly use and keep accounts and passwords on the iProtocol Network official website, and ensure the security of binding mobile phone number, email and related authentication code.

Members shall be fully responsible for any operation and consequences of using their iProtocol Network official accounts and passwords, mobile phones and email verification codes.

Members shall immediately and effectively inform iProtocol Network and require iProtocol Network freeze the account when members found iProtocol Network website account, password and verification code used by the third party without being authorized or existing other account security problems.

iProtocol Network has the right to take action on the urgent requests of its members within a reasonable time, but iProtocol Network will not take any responsibility for the losses of members before taking action.

Members shall not give the official account of iProtocol Network to others by gift, loan, lease, transfer or other means without the consent of iProtocol Network

 

  • Members shall abide by the membership agreements and other service terms and operating rules published and updated by the iProtocol Network official website from time to time.

 

 

 

Members’ Rights and Obligations

 

  • Members have the right to accept the rules of the iProtocol Network official website in accordance with this agreement.

 

  • Members have the right to terminate the use of iProtocol Network official website at any time.

 

  • Members have the right to withdraw the balance on the iProtocol Network official website, but they need to pay the corresponding withdrawal fee to iProtocol Network.

 

  • Members should responsible for the authenticity, validity and security of the personal data provided during sign up on the iProtocol Network official website.

 

  • When conducting transactions on the iProtocol Network official website, members shall not maliciously interfere with the normal operation of iProtocol Network transactions or disrupt the transaction order.

 

  • Members shall not interfere with the normal operation of the iProtocol Network official website by any technical means or other means or interfere with other members' use of the iProtocol Network official website.

 

  • Members shall not maliciously denigrate the commercial reputation of iProtocol Network official website by fabricating facts.

 

 

 

Transaction Rules:

 

Members promise to abide by the following regulations of iProtocol Network official website when using iProtocol Network official website.

 

  1. Browse Transaction Information

Members should carefully read all the contents contained in the transaction information when members browse the trading information on the iProtocol Network official website, including but not limited to iProtocol Network price, transaction fee and withdrawal address.

Members should fully accept all information contained in the transaction information before clicking the button for transaction.

 

  1. Check Transaction Details

Members can check the corresponding transaction records through the transaction details on the official website and confirm their transaction details.

 

  1. Cancel/Modify Transaction Information

Members have the right to cancel or modify the transaction information at any time before the deal is reached.

 

 

 

 

 

iProtocol Network's Rights and Obligations

 

  1. If the member does not have sign up qualification as agreed in this agreement, iProtocol Network has the right to refuse the sign up of members and cancel the iProtocol Network official website account of signed up members.

iProtocol Network have the right to claim compensation from the aforementioned members or their legal representatives for losses incurred thereby.

Meanwhile, iProtocol Network reserves the right to decide whether to accept membership sign up under any other circumstances.

 

  1. iProtocol Network finds that the account user is not the initial registrant of the account and has the right to suspend the account.

 

  1. When iProtocol Network confirms that the information provided by members is wrong, false, invalid or incomplete through technical testing, manual sampling inspection and other detection methods, iProtocol Network has the right to inform members to correct, update or suspend or terminate the service related to iProtocol Network.

 

  1. iProtocol Network reserves the right to correct any information displayed on the official website if any obvious error is found.

 

  1. iProtocol Network reserves the right to modify, suspend or terminate the content of its official website at any time. iProtocol Network official website shall not inform members in advance of the right to modify or terminate the service.

When iProtocol Network terminates one or more services of the official website, the termination will take effect from the day when the official website publishes the notice of termination on the website.

 

  1. iProtocol Network shall adopt necessary technical measures and management measures to ensure the normal operation of the official website and provide necessary and reliable transaction environment and transaction services. 

 

  1. iProtocol Network has the right to keep members registration information and all the transaction information during the iProtocol Network official website service period during and after the performance of this agreement ,but not to use these information illegally.

 

 

 

 

 

Special Announcement

 

Within the scope permitted by law, no matter under what circumstances, this website will not responsible for the member’s loss caused by network equipment maintenance, network connection failure, computer, communications or other system failures, power failures, strikes, labor disputes, riots, insurrection, productivity or insufficient productive resources, fire, flood, storm, explosion, war, government behavior, force majeure or other third party non action service or delay.

 

 

 

Intellectual Property

 

  1. The rights of all the intellectual property of iProtocol Network official website including but not limited to site logo, database, web design, text and graphics, software, photos, videos, music, sound and the combination of software compilation, relevant source code and software (including small applications and scripts) are owned by iProtocol Network official website.

Members shall not copy, change, send or use any of the aforesaid materials or contents for commercial purposes.

 

  1. Members shall not illegally use or dispose of the intellectual property rights of the iProtocol Network official website or others in the process of using the official website.

Members shall not publish or authorize other websites (and media) to use the information already published on the iProtocol Network official website in any form.

 

 

 

Change and Termination of This Agreement

 

  1. Change of this agreement

 

iProtocol Network has the right to change the content of this agreement or other service terms and operating rules published by the official website at any time.

This change will be announced in a prominent position on the official website and shall come into force upon publication of the notice.

It is deemed that the members to be agreed to the content changes if members continue to use iProtocol Network website services.

 If members do not agree with the changed content, the members have the right to cancel the iProtocol Network official account and stop using the iProtocol Network official website.

 

 

  1. Termination of This Agreement

 

  • iProtocol Network has the right to cancel the account of its members on the official website in accordance with this agreement, and this agreement terminated on the date of the account cancellation.

 

  • iProtocol Network has the right to terminate all services of its official website in accordance with this agreement, which shall be terminated on the day when all services of its official website are terminated.

 

  • After the termination of this agreement, members shall not be entitled to request iProtocol Network to continue to provide any service or fulfill any other obligations.

Including but not limited to requiring the official website to keep or disclose to members any information in its original account on the official website or forward to members or third parties any information they have not read or sent.

 

 

  • The termination of this agreement shall not affect the non-breaching party to hold the breaching party liable for breach of agreement.

 

 

 

 

 

AML (Anti-money Laundering)

 

  1. iProtocol Network abides by and implements international anti-money laundering laws. Implements membership identification, member’s identity material and transaction record keeping system and reporting large and suspicious transactions system.

 

  1. When members sign up and loss reporting transaction password should provide and upload identity document. iProtocol Network should recognizes and compares identity document information provided by members.

 iProtocol Network has the right to refuse to sign up or cancel members’ sign-up accounts when iProtocol Network has reasonable reasons to suspect members sign up with a false identity.

 

  1. iProtocol Network refers to the regulations of the management measures for large-scale transactions and suspicious transaction reports of financial institutions, keeps records of large transactions and transactions suspected of money laundering.iProtocol Network shall provide records of large transactions and suspicious transactions to regulators when required.

 

  1. iProtocol Network maintains membership information as well as large transaction and suspicious transaction records on its official website, to assist and cooperate with judicial organs and administrative law enforcement agencies in combating money laundering in accordance with the law, assist judicial organs, customs and taxation departments to inquire, freeze and detain members’ deposits in accordance with laws and regulations.

 

 

 

Responsibility for Breach of Contract

 

  1. iProtocol Network or its members violates the agreement of this agreement, and the defaulting party shall be liable for breach of contract to the non-defaulting party.

 

  1. iProtocol Network has the right to ask the members to compensate for the losses of the iProtocol Network if the information provided by the members is not true, incomplete or inaccurate and causing losses to iProtocol Network.

 

  1. If the member violates laws, regulations or this agreement and engaged in illegal activities on this website or use this website to engaged in illegal activities, iProtocol Network reserves the right to immediately terminate iProtocol Network services, cancel the iProtocol Network account and ask for compensation caused by the illegal activities.

 

  1. If members interfere with the operation of this official website by technical means or interfere with other member’s use of the official website of iProtocol Network, iProtocol Network has the right to cancel members account immediately and ask for compensation to iProtocol Network official website. 

 

  1. If members maliciously denigrate the reputation of iProtocol Network official website by fabricating facts, iProtocol Network has the right to ask members to apologize publicly to iProtocol Network official website and ask for compensation for the losses caused by the maliciously denigrate and terminate to provide services for members. 

 

 

 

 

Dispute Resolution

 

  1. Disputes arising from the performance of this agreement between members and the iProtocol Network official website shall be settled through friendly consultation.

 

 

 

 

 

The Entry into Force and Interpretation of the Agreement

 

This agreement shall come into force when members click to approval sign up page of iProtocol Network official website and complete the sign-up procedures and obtain the account number and password of iProtocol Network official website, this agreement binding on this official website and members of iProtocol Network.

In particular, but not exhaustive, you understand the inherent risks listed below: 

 

Risk of software weakness: you understand and accept that the Underlying software application and software platform (i.e. the Ethereum blockchain) is still in an early development stage and unproven that there will be no warranty that the process for creating IPN tokens will be uninterrupted or error free and there is an inherent risk that the software could contain weakness, vulnerabilities or bugs causing, inter alia, the complete loss of ETH and/or the IPN tokens.

 

Regulatory risk:  you understand and accept 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 regulations addressing, blockchain technology based applications, which may be contrary to the current setup of the iProtocol Network platform and which may, inter alia, result in substantial modifications of the iProtocol Network platform, including its termination and the loss of IPN tokens for you.

 

Risk associated with other applications: you understand and accept that the iProtocol Network platform and products may give rise to other, alternative projects, promoted by unaffiliated third parties, under which iProtocol Network will have no intrinsic value.  

 

Risk of loss of private key: your IPN tokens are held by using and Ethereum wallet with a combination of your account information (address), private key and password until iProtocol goes with its own smart contract. The private key is encrypted with a password. You understand and accept that in the event your private key file or password respectively is lost or stolen, the IPN tokens associated with your account (address) or password will be unrecoverable and will be permanently lost.

 

Risk of theft: you understand and accept that the underlying software application and software platform (i.e. the Ethereum blockchain) may be exposed to attacks by hackers or other individuals that could result in theft or loss of IPN tokens or ETH, impacting the ability to develop the iProtocol Network platform.

 

Risk of Ethereum mining attacks: you understand and accept that, as with other cryptocurrencies, the blockchain used for the IPN tokens is susceptible to mining attacks, including but not limited to double spend attacks, majority mining power attacks, “selfish-mining” attacks and race condition attacks.

 

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