Terms & Conditions .
This document and any other Linework documents do not constitute a prospectus of any sort and are not a solicitation for investment. Linework does not represent ownership or share in ANY public or private corporation, or other entity in any jurisdiction. Acquisitions of Line- work through the ICO are non-refundable. Linework coins are only to be used in connection with Linework under these Terms and the Community Code and do not entitle any stakeholder to any additional rights. Any acquisition and use of Linework carries significant financial risk, including the use of experimental software.
These Terms & Conditions (the “Terms”) govern (i) the use of the website www.Linework.online, the only official and authorized website for Linework, and (ii) the sale of Linework (“LWC”) through its Initial Coin Offering (“ICO”), and (iii) holding and use of Linework.
These Terms constitute a contract between Linework Limited Company, a private company with limited liability under the laws of the Milan, registered with the Companies Registry under number MI2629062, and any of its future subsidiaries (SPVs) or affiliates constituting the Linework ecosystem (everything together “Linework Services”). Linework Italia Limited is not a financial institution and does not provide investment services, incl. investment advise, or any other licensed financial services.
Linework Services provides technical solutions to create and support Linework, a community-based ecosystem aimed at supporting innovation and collaboration from resources raised through the ICO, and from resources subsequently generated by the operation of supported projects. The technical and organizational structures of Linework are currently in their development stages and its realization is going to be financed through resources obtained from the ICO of Linework.
Participants cannot contribute to the ICO if there are applicable legal restrictions in their country of residence. It is the responsibility of each participant to know these laws regarding their participation in the ICO.
Due to legal restrictions, the ICO and Linework itself are not accessible, or for use, for any person (including a legal entity) who is considered a United States person under applicable legislation.
Linework is built on an open-source blockchain, the Etherscan.io. The preliminary outline of the Linework functions is given in the white papers published on the Linework website. The contents of the white papers are not binding and are subject to change in line with ongoing research and development in order to best meet Linework’s vision to create a decentralized and self-sustaining macroeconomic ecosystem for blockchain innovation.
Linework is the Linework “access token”. This means that Linework will be the native cryptocurrency of the Linework ecosystem, to be used by its community. Funds collected through the ICO will be used to develop a platform for the community and facilitate the use of the Linework coin. Linework capabilities and its value are fully dependent upon the developments of Linework and the market.
Linework stakeholder (or just “stakeholder”) means any entity holding any amount of LWC. Those who participated in the first ICO round, and who have contributed a minimum effective amount, (calculated after the bonuses of 1 bitcoin (“BTC”) in LWC), will be invited to register as community members. Community members are able to use the Linework Community Portal and thereby utilize the full potential of Linework once the Community Portal is deployed. Community members will be able to purchase products and services that will fuel the creation of innovative projects using their LWC coins.
The community member needs to maintain that balance to maintain their community member status. Stakeholders who do not qualify for invitation during the first ICO round need to obtain double this amount (2 BTC in LWC coins) before they are invited to register as community members.
Linework Services grants you access to the website and the Community Portal as it may exist and be available on any given day and Linework has no other obligations, except as expressly stated in these Terms.
Linework Services has the right to modify, replace, refuse access to, suspend, or discontinue the website and the Community Portal partially or entirely.
Linework Services reserves the right to withhold, remove or discard any content available as part of your Community Portal account or website or withhold services, with or without notice.
A separate licensed legal entity will be established as the vehicle for investing in projects. This entity will issue equity shares called Lineworkshares (ADS). These will be tokenized on the blockchain as the Lineworkshare (ADS). Lineworkshares will be purchased only with the Linework coin. Any dividend payment will be issued to shareholders in LWC.
Linework Services is developing its operational and legal structure in order to allow for interaction, collaboration, and innovation in a community-based model. Therefore, any statements made in the press, in presentations, or in any of its marketing materials, leading up to, and including the ICO, may not completely reflect the final structure established by Linework.
Initial Coin Offering .
Limitation of Liability .
In no event shall Linework Services or members of Linework staff be liable for:
- Any lost profits, lost savings, or incidental, indirect, special, or consequential damages, arising out of your use or inability to use the services or products offered by Linework or the breach of any of these Terms by any third party;
- Any security risk such as hacker attacks, loss of password, unauthorized access, etc.;
- Any losses resulting from the extreme volatility in pricing of Linework in any country and cryptocurrency exchanges.
If an event of force majeure occurs, the party injured by the other’s inability to perform may elect to suspend the agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.
By acquiring Linework and to the extent permitted by applicable law, the buyer agrees not to hold Linework or any member of Linework Services liable for any losses or damages arising out of or in any way connected to the buyer’s failure to properly secure the private key to the wallet containing their Linework, hacker’s attacks, loss of passwords, etc.
Participation in the Linework ICO and any acquisition of Linework carries with it significant risk. Prior to participation, carefully consider the exemplary and non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals.
It is possible that even if the ICO threshold is met, the insufficient funds will not feasibly develop Linework, possibly causing the effect that stakeholders may not be able to participate in any projects. By holding Linework, the stakeholder acknowledges that he/she understands that while every effort will be made to execute Linework’s vision, it is possible that it will never be realized due to the aforementioned reasons.
Cryptocurrencies and project financing through crypto-currencies have been the subject of regulatory scrutiny by various regulatory bodies around the world. Linework may need to change its operations in order to comply with applicable regulations and may become subject to licensing requirements. Linework could be impacted by one or more regulatory actions or regulatory enforcement, which could impede or limit the ability to continue to develop Linework and its activities. This uncertainty significantly adds up to risks connected with the acquisition and use of Linework. Linework Services will make every effort to adopt its practices to accommodate regulatory needs and changes as they occur.
The Linework software itself utilizes a third-party platform: the LWC blockchain. There is a risk that, as an open source project, any changes to the Lwc blockchain could introduce weaknesses or bugs into the Lwc software, thus causing the loss of Linework coins and/or LWC tokens in one or more or even all of the stakeholder accounts. Linework reserves the right to be vendor agnostic in this regard, and use other blockchain providers where feasible, practical, or necessary.
The field of digital cryptography is very new and for this reason there is a risk of unforeseen attacks, both in terms of the underlying cryptographic protocol that underpins the functionality of Linework, as well as ‘game theory’ related vectors which have not all been documented to date. Both these vectors represent a risk that could lead to the loss of Linework coins or LWC tokens in one or more or even all of the stakeholder accounts.
Representations & Warranties .
By acquiring Linework coins, whether from another stakeholder or through the ICO, you represent and warrant that you:
- Have a basic level of understanding of the usage and intricacies of cryptographic tokens, such as LWC, and other blockchain-based software systems;
- Are at least 18 years old or the age of contractual capacity;
- Are legally permitted to use LWC tokens in your jurisdiction;
- Waive your right to participate in a class-action lawsuit or class-wide arbitration against any member of Linework Services;
- Are not exchanging Linework for any illegal purpose within your jurisdiction;
- Understand that there is no warranty whatsoever on Linework, express or implied, to the extent permitted by law, and that Linework is created on an “as is” basis;
- Further, agree to accept sole risk for your participation in the Linework ecosystem;
- Are not a USA citizen.
Linework Services shall not use, process, or transfer your personal data beyond the limits permitted by statute or defined by the stakeholder’s consent. Unless you select otherwise, the information provided to Linework Services will not be visible to the public or other community members.
Before participating in the ICO you have to provide certain personal information about yourself (this may include, but is not limited to, your name, contact details, date of birth, personal identification number, field of activity, residency, bank account information, source of funds, scanned copy of passport or similar personal documents, and any other details that may be required to meet legal requirements) to enable us to verify your identity.
Before using the Community Portal, you have to register with Linework as a community member and provide further personal information.
Linework Services performs KYC (“Know Your Customer”) and AML (“Anti-Money Laundering”) procedures. If you supply Linework Services with the personal information described above and any other personal data (including IP address), you agree that Linework Services will therefore process your information for AML purposes, and can provide your information to the state authorities in the countries Linework Services operates.
You hereby authorize Linework Services to, directly or through third parties, make any inquiries we consider necessary to verify your identity and/or protect against fraud, including to query identity information contained in public domains or reports, and to take any action we reasonably deem necessary based on the results of such inquiries or reports. You further authorize any and all third parties to whom such inquiries or requests may be directed to fully respond to such inquiries or requests.
Final Provisions .
Compliance ▲ Linework Services shall cooperate with all law enforcement inquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions.
Amendments ▲ Linework Services, after final approval of the Linework Board, reserves the right to change, modify, add, or remove portions of these Terms at any time during the ICO and afterward by posting the amended Terms on Linework’s website, as well as making a public announcement. The revised version will be effective at the time Linework Services posts it unless indicated otherwise. However, Linework Services will provide 10 working days’ notice of any substantial change. If you do not agree to be bound by the amended or modified Terms, you must cease accessing or using Linework.
Jurisdiction ▲ These Terms shall be governed by and construed in accordance with the laws of the Isle of Man. Any dispute arising under these Terms shall be subject to the exclusive jurisdiction of the Isle of Man courts.
Acceptance of Terms ▲ By the acquisition of Linework, the stakeholder confirms that, to the extent permitted by law, he/she is authorized to acquire Linework and to fully understand and to be bound by these Terms regarding his/her relevant jurisdiction. If you are not a registered user, but access or use Linework services, mobile applications, electronic platforms, the website located at www.linework.online, or any other associated website hosted by Linework Services, then you indicate that you agree to these Terms. If you do not agree to any of the specific terms or conditions herein you may not access or use any of the Linework services.
If you have any questions, please contact Linework by e-mail at firstname.lastname@example.org.