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Legal
General information
In order to finance the development of the project, NFTs and the tokens will be created on the Binance blockchain Smart Chain and will be sold to the public (Fair Launch) before listing on Pancakeswap and Bakeryswap as first and main marketplaces. Both NFTs and Tokens will be issued by a technical process that uses the “Blockchain” technology. This is an open-source IT protocol over which Mavatrix has no rights, control, or responsibility in terms of development and operation. The distribution mechanism of both NFTs and Tokens will be controlled by a Smart Contract; this implies the use of a program for a computer that can run on the Binance network or a compatible blockchain network with the programming language of the Smart Contract.
The sale of the MVX token is final: the MVX token is non-refundable and cannot be redeemed by the company but only sold in exchange markets (Centralized [CeX] or Decentralized [DeX]). The MVX token is a utility token and does not have the legal qualification of a title. MVX’s sale is not currently subject to stock exchange and securities trading laws, which ensure that the sale of certain products or assets is subject to regulatory oversight for investor protection.
Project documentation
This Litepaper together with the terms and conditions of the MVX token described herein, modified from time to time, constitute the entire documentation for the MVX NFT & Token Sale (the “Project Documentation”).
Knowledge required
Any buyer of the NFTs collection and the MVX Tokens (the “Buyer”) must understand and have significant experience of cryptocurrencies, blockchain systems and services and understand the associated risks, as well as the mechanisms relating to the use of cryptocurrencies (including storage).
The buyer must carefully examine the Project documentation in such a way to understand the risks, costs, and benefits associated with the purchase, storage, and use of MVX NFTs and MVX Tokens.
Risks
Acquiring MVX NFTs and Tokens and holding them involves various risks, in particular (but not limited to) risk that Mavatrix is unable to launch its gaming platform and/or its operations, to develop or exploit its blockchain and/or provide the services to which the MVX token is associated (in particular a due to changes in the legal field and/or the approval of new laws or regulations and/or to a new early interpretation of the current legal framework and/ or jurisprudence, which could also have retroactive effect by stopping its operations or switching its business model). Therefore, before the acquisition of the MVX token, any user should carefully consider the risks, costs, and benefits of acquiring the token itself as part of the sale and, if necessary, obtain independent legal and tax advice in this regard.
Any interested person who is not in a position to accept or understand the risks associated with the business (including risks related to the failure to develop Mavatrix services) or other risks as indicated in this document or in the remaining documentation must not purchase the MVX Tokens.
This Litepaper is not an invitation to invest
This Litepaper must not and cannot be considered an invitation to conclude an investment. It does not constitute or refer in any way nor should it be considered or construed as an offer of securities in any jurisdiction. The Litepaper does not include or contain any information or indication that could be considered a recommendation or that can be used to make an investment decision. This document does not constitute an offer or an invitation to purchase shares, bonds, securities, or rights relating to Mavatrix or to any related or affiliated company.
No security
MVX Tokens or MVX NFTs are not convertible into Company shares or certificates and do not grant any right to receive such shares or certificates. MVX Tokens or MVX NFTs do not confer any direct or indirect rights to MVX’s capital or income and, in particular, it does not confer any right to dividends, other shares, shareholdings to revenues, or earnings of Mavatrix. MVX Tokens or MVX NFTs do not constitute proof of ownership of any asset belonging to the company or control right on Mavatrix and do not guarantee the owner any rights on the MVX activities.
MVX Tokens or MVX NFTs do not have the value of shares or participation certificates and do not give entitlement to participate or vote in the general meeting of MVX or to influence in any way the respective corporate governance or the decisions of the corporate bodies of the Mavatrix company.
Pursuant to the Guidelines and current practice, the MVX Token is a utility token that allows access to future services offered or for sale in various markets. Any offer of the MVX token on a trading platform is made to allow additional users to use and/or access the platform itself and does not change the legal qualification of the token as a MVX token utility.
Changes in the legal framework
The NFT sale, the token sale, and the purchase of MVX tokens take place within a regulatory framework still under development where regulators are still scrutinizing carefully the activities associated with cryptocurrencies in the world. Measures, investigations, or regulatory actions can affect MVX’s activity and even limit or prevent its execution or development.
Anyone acquiring MVX tokens should be aware that Mavatrix’s business model and token Economy Documentation may change due to new legal, regulatory, and compliance requirements from any applicable law in any jurisdiction, including with retroactive effect. If so, the buyers and anyone who buys MVX tokens acknowledge and accept that neither the Mavatrix team nor any of its affiliates will be held responsible for any direct or indirect loss or damage caused by such legal changes.
This document does not represent an offer This Litepaper should not be construed as an offer or recommendation personal or solicitation to conclude a transaction and should not be treated as investment advice.
Mavatrix is not to be considered a consultant in legal, tax, or financial matters. Any information contained in the White paper is provided for informational purposes only and Mavatrix makes no representations and/or warranties regarding the accuracy and completeness of information included in the whitepaper.
Given the lack of qualifications and skills in the field of cryptocurrency, in most parts of the countries, the buyer is strongly advised to carry out a legal and tax analysis relating to the purchase and ownership of the MVX token based on one’s nationality and place of residence. Disclaimer of liability Mavatrix will do everything possible to initiate its operations regarding the MVX token, develop its gaming platform and/or provide the services highlighted in this Litepaper. Anyone who undertakes to acquire the token MVX is aware that MVX makes no guarantees that will be able to carry out the project highlighted in this Litepaper.
By subscribing to the MVX token, Mavatrix takes no responsibility for any loss or damage that may arise from the user’s assignment to receive (or promptly receive) the MVX tokens or from the inability to use MVX tokens, as well as for any failures or malfunctions of the respective Smart Contract, except in the event of willful misconduct or gross negligence directly attributable to the Company.
The MVX token is based on the Binance Smart Chain protocol. Any malfunction, unplanned function, or unexpected operation of the Binance smart chain protocol can cause the network and the MVX Token to fail in an unpredictable way. Furthermore, the unit of account of the native Binance Smart Chain protocol could lose value in a way similar or have very high transaction costs, and also in other ways, it is not assumed any liability in this regard, except in the case of willful misconduct or gross negligence directly attributable to society.
Mavatrix takes no responsibility for any loss of MVX tokens once the same should be listed on the crypto markets or situations that make it impossible to access the MVX tokens or NFTs, which may result from the User’s actions or omissions, as well as in the event of attacks by hackers.
User declarations and warranties
By participating in the NFT Launch and Fair Launch purchasing the tokens, the buyer confirms that: he has read and understood the documentation and agrees to be legally bound by its terms; has sufficient knowledge about the nature of cryptographic tokens and has significant experience and functional understanding of the use and complexity of managing cryptographic tokens, cryptocurrencies, and blockchain-based systems and services; fully understands and accepts the risks related to the purchase of tokens outlined in the documentation, including those relating to possible changes in the legal environment; is familiar with all the relevant regulations, in particular (but not limited to) those relating to the specific jurisdiction in which the buyer is located, and has received advice competent before participating in the token sale making sure that the purchase of the tokens is not prohibited, restricted or subject to additional conditions of any kind; the right to purchase MVX Token over the fair launch without requiring any local authorization and is in compliance with local state and national laws and regulations al time of purchase; is authorized and has full power to purchase the MVX Token; is not a citizen, resident, or US entity (a “US Person”) or that the Buyer is purchasing Tokens on behalf of a US person; will not use the participation in the token sale for illegal activities, including, but not limited to, money laundering and/or terrorist financing; the purchase and storage of the token will not constitute a violation or a violation of any law, particularly in your country of residence or citizenship.
Taxation
The buyer of the MVX Tokens acknowledges, understands, and accepts that the purchase and receipt of MVX tokens may have tax obligations and/or consequences, which the user is solely responsible for respect, and that the company assumes no responsibility for any of your tax obligations and/or consequences. The company is not responsible for the withholding, collection, reporting, payment, settlement, and/or remission of any use, added value, or similar tax resulting from the acceptance of this Agreement and the potential future receipt of MVX Token.
The company cannot and does not provide tax advice and recommends that the MVX Token buyer seeks appropriate professional advice in this area, if necessary Jurisdiction This document is to be governed in all respects, including as regards validity, interpretation, and effect, by the laws of the United Arab Emirates (UAE), without giving effect to its principles or rules of conflict of laws, to the extent that such principles or rules are not necessarily applicable by statute and would allow or require the application of the laws of the other jurisdiction. Jurisdiction will be that of the UAE - Dubai.
Disclaimer
This document was drawn up by Mavatrix to represent its project to potential buyers of the services. Mavatrix has undertaken its own analysis on the basis of the information available to the management and partners at the time of writing and assumes no responsibility for the aspects of profitability and evaluation that derive from it, nor for the consequences that may derive from the unavailability or from the inaccurate communication of data and facts relating to the formulation of the assessments expressed in this document. Please note that the use of the information contained in this document for purposes other than those indicated above and the disclosure or communication of the same to non-involved in the indicated operation is prohibited.
Last modified 4mo ago
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