1. XGOLD CORPORATION (XGC) – OVERVIEW
XGold is Global
Shared Commitment to People and Communities
Shared Gains with Coin Traders
XGold Corporation is a UAE Dubai Corporation with office in Panama, doing business globally. We chose Panama because it is a good jumping off place when traveling through South America. And, further, it straddles both North and South America offering excellent personnel options.
XGold Corporation was created to aggregate many long established Real Physical Gold Interests. Those interests are direct ownership, shared ownership, and long term contractual commitments of mining production in several parts of Bolivia, Brazil, Colombia, Guatemala, Guyana, Ecuador. We at XGold Corporation are also taking on partners in other Gold producing regions. Currently our business interests stretch the South American continent. We do, however, have colleagues in Africa and Asia who welcome our business model and wish to grow their own business as well as ours.
The XGold Coin is a Real Physical Gold based opportunity built on Ethereum Blockchain that allows Coin traders to generate and trade profits from the utilization of discounted Coins linked to the LBMA 2nd fix price of Gold. But, XGold Coins can also be utilized as a mechanism for both personal and business payments: As you would use Bitcoin, or American Express, XGold Coins will be available after the Initial ICO for general use via crypto-exchange centers.
Ethereum generated through utilization of XGold Coins from XGold Coin traders will allow XGold to purchase or lease additional equipment that will allow greater production. XGold intends to share the benefits of greater production by offering initial Coins at a sliding discount scale: PRE-ICO traders will get a larger discount. However, there is room for everyone from “bit-traders” to whole Coin and multi-Coin investors. All, regardless, will have the opportunity to own a piece of the REAL Physical Gold Commodity Market. There is no size to the trade exchange, XGold coins like most crypto-currency options can be fractionalized. Get a bit, or a whole, its all up to the individual trader.
XGold company intends to vertically integrate their operations. The plan in brief is as follows:
Generate a successful PRE-ICO (first 8 week period) and begin operations by making strategic investments towards increased Gold production. XGold will be semi-operational, and will perform small “buy-sell” Gold operations. A full ICO will commence on February 05th 2018 (2nd 8 week period) after PRE-ICO. The next step will be to secure additional production sources, particularly in Colombia. But, also to improve transport logistics and point to point management. Improving network relations is critical for sustainable best practices and paramount for successful operations. Additional steps include the incorporation of other resource centers, both in Africa and Asia. Our 4th quarter plan will be the preparation for potential redemption requests. We will have available gold for shipment in exchange for XGold Coins. Additionally, and where possible, we will offer Real Physical Gold at a market discount to XGold Coin holders as our profit sharing plan through our XGold Bullion Centre.
Our second year plan will be to move towards building a Gold refinery. With the combination of both a Bullion Centre and Refinery XGold will have total vertical integration from mine to end user and which allow greater buying power. Greater buying power leads to greater production efficiency at the production source, and a more sustainable aggregated business model.
A sustainable production source promotes shared commitments to the local stakeholders, better jobs for the local mining community, environmental stability, and overall shared profits.
2. INTRODUCTION – XGOLD BUSINESS
We offer a simple way for any individual to enter the Real Physical Gold Market.
We use Blockchain technology which allows for true trusted transparent gold transactions via multiple peer groups or business to business connections.
We will give our Coin traders an immediate edge over all other Real Gold traders.
The XGold Coin (XGC) is a Decentralized Autonomous Organization (DAO) Real Physical Gold Corporation Coin that is valued at the LBMA (London Bullion Market Association) 2nd fix Gold price for any given day. The XGC Coin is based on Blockchain platform Ethereum that allows participants the following options:
To trade initial Coins at a discount from XGold entirely anonymously and trade them on a platform with other traders for immediate satisfaction.
To engage directly with XGold by exchanging whole Coins for Real Physical Gold that would be shipped under redemption plan conditions to a location designated by Coin owner (redemption policy). There is a vesting period of 12 months from the initial closing of the pre-ICO before a Coin (s) can be exchanged for Real Physical Gold.
Periodically, and to be seen as the XGold profit sharing program, XGold will offer a quantity of Real Physical Gold to XGold Coin owners at a significant market discount. This is not to be confused with the redemption program.
XGold will work with ERC23 Smart Contracts and issue the initial Coins at substantial discounts to traders allowing anyone to participate in the Real Physical Gold Commodity Market. This initial fund raising will be conducted via a PRE-ICO (Initial Coin Offering) on December 11, 2017.
The XGold Coin offers a technologically advanced opportunity that allows traders of any economic stratus to engage easily, anonymously and with NO prohibitive broker costs in the Real Gold Commodity Market. Simply put, the XGold Coin breaks the door down for traders with limited economic abilities and experience, and further gives the Coin trader an edge over professional traders.
To expand Real Physical Gold Production at our facilities
To share our increased Real Physical Gold production through initial discounted XGold Coins and Profit Sharing
To allow continuous trade of Coins through the ERC23 Smart Contract process on Ethereum Blockchain
To allow more investors to benefit from the stable Gold commodity market
There is no escaping the fact that the ICO process allows companies like ours to benefit from the “crowd funding” movement without having to go through the “wall street” system that contains the huge complex litany of demands for fees, shares and other tactics designed by the financial establishment to maintain their hegemony.
We don’t think there should be barriers to success, whether that be because a typical small investor cannot afford the costs associated with standard brokerage firms, or whether the buy-in (TRY BUYING A HOUSE) amount is too high for the early steps to greater financial independence. We believe in a level playing field and know that when democracy flexes its muscles the “power of association” allows all boats to rise. If you have the energy, passion and commitment to drive your own self to success then we are right behind you. That is why we at XGold designed this Coin for you!
Understand, some Main Street banks who deal with the Gold market on a daily basis buy Gold at SPOT price. They cannot get Gold at a deep discount! But, XGold Coin traders can! We give XGold traders something the banks don’t have: Immediate gain! Yes, banks are now getting into Blockchain technology, and they I am sure will be keen utilizers of your Coins, even at SPOT price.
It’s true, we know full well we can’t succeed without Coin traders and because of this we pledge to make available discounted Coins so that XGold Coin traders start ahead of the curve and always make gains with us immediately. We make this pledge because it is a win-win pledge. We gain from your involvement and you will gain from us; but moreover, we will additionally share our gains with producers, partners, communities and our natural environment.
Initial ICO Objectives
XGold Corporation will launch a Pre-ICO offering of 500,000 XGold Coins on December 15, 2017, and, after 8 weeks, beginning on February 05, 2018, we will make our 2nd offering of 1,000,000 Coins. XGold will make a 3rd offering of 2,500,000 Coins at a lower discount which will begin on the 02 of April, 2018 and run until December 10th, 2018. This will constitute 1 (one) full year. Again, XGold Coins are valued at a single Gram of Gold (1 Troy Ounce = 31.10348 grams). Specifically, this equates to a PRE-ICO “crowd funding” of approximately $20,000,000.00 US Dollars. Ethereum generated at these stages will go towards increasing Real Physical Gold and production at our facilities. Increasing production will occur through the purchase or leasing of advanced Real Physical Gold production equipment. And, the more Real Physical Gold produced, the more Real Physical Gold XGold will make available for purchase for our Coin traders by way of our profit sharing program.
We believe it takes the “power of association” to truly have a successful business. And, that means sharing opportunities. Coin traders give us the ability to produce gain from more Real Physical Gold. We in turn will share our gains with Coin traders.
PRE-ICO Offering Matrix
ICO Offering Matrix
At XGold, we use the term Utility to stipulate benefits of using one “thing” over other “things”. A simple example might be that we use Gold over Silver because on a global scale Gold is more sought after, and, if we are interested in maintaining a “liquid /easy to transfer into cash” purchased portfolio we might believe that Gold will be easier to exchange for something we are looking to buy than Silver. This is not to say that Silver is “illiquid/not easy to turn into cash”, but, Gold has a greater utility than Silver and therefore, we make the choice that Gold provides a greater benefit as we have more options when we use it.
Going a little further, we can also say that Gold is not only considered a good general asset choice, but it is in itself a commodity that has a limited supply: it is more rare in the market than some other commodities and this produces a stable value. This stability in itself allows for an increase in the utility of Gold directly because its rareness allows for a stability in its perceived value: we think it is worth more because there is less of it around.
Now, if we create a digital version of the Gold supply, for example, XGold Coins, and limit their existence in terms of the amount that are available to the public we have in effect mirrored the utility of Gold directly. And, further, if we base XGold Coin on the Blockchain platform Ethereum we have immediately created a system that allows all XGold Coin traders, and XGold Coin Holders to use XGold for any purchase in any market as long as XGold is accepted – rather like Visa or MasterCard is accepted or not accepted. Further, we can ensure XGold Coin is acceptable by the very action of using it for purchasing things directly, then we have magnified its utility and increased its intrinsic value beyond the value of its underlying value in Gold.
Compare this argument to Bitcoin. Bitcoins utility as a store of value is entirely dependent on its use as a medium of exchange: will someone accept it or not! If no one accepts it then it is worthless. Thus, no intrinsic value, no value in itself.
XGold Coins however, have intrinsic value as they are linked to the value of Gold in the market place and can be redeemed for Real Physical Gold. And, furthermore, XGold has extrinsic value in the same way that Bitcoin has extrinsic value: XGold Coins can be used to buy goods and services in the marketplace. And, therefore, the more we use XGold Coin, the more it is accepted for use, and the greater the total value.
XGold Coins are therefore a useful and safe option as a crypto-currency because they have both intrinsic value (linked to the value of Real Physical Gold) and extrinsic value as XGold Coins can be exchanged for goods and services including exchanging for other crypto-currencies.
5. GOLD – REAL VALUE
Not long age, every US Dollar Bill was redeemable for a set quantity of gold. Thus, dividing the total US Dollar Bills (liabilities) with the total amount of the US governments official Gold holdings (estimated at two hundred eight seven million ounces) values an ounce of Gold at fifteen thousand five hundred dollars. Based on the M1 money supply (cash and checking deposits) using the same math equation values Gold at approximately ten thousand eight hundred dollars an ounce.
Is Gold a mispriced asset? Wall Street insist on its character as a commodity, but those uses are negligible. Its real power is in its wealth preservation.
We think the Real Value of Gold is in how you use it. We see XGold Coins as the perfect medium for exchange: XGold is backed by Gold, maintains Gold value as a commodity and is a mechanism for wealth preservation. So, whether the Global Market values Gold at fifteen thousand dollars or fifteen hundred dollars XGold hedges all possibilities.
XGold Coin, a hedge against all possibilities.
We have made this ICO very simple because we are offering something that is very Real, known to Everyone everywhere, and has a Real Market Value. Our initial Pre-ICO objective is to transfer no less than 500,000 XGold Coins to traders using the ERC23 Smart Contract. Using the established market estimate of $40 USD/Equivalent Euro/GBP per gram, that equates in today’s Gold prices to $20M (Twenty Million United States Dollars) or equivalent major currencies.
After a series of focus group settings, our research group reported for the average unseasoned individual, the optimal trade should be about 100 XGold Coins. This is approximately $4,000 USD/equivalent EURO/GBP etc, in cost and represents 100 grams of Real Gold value. A slightly more seasoned trader, with the beginnings of a diversified portfolio would likely be inclined to use our XGold Coins to Hedge against market losses and hold 1000 Coins. Regardless, for the initial PRE-ICO discount it is easy to seize the opportunities with XGold. In fact, upon trade, and valued at a gram of physical Gold – approximately $40/equivalent in other currencies, the available gain at 100 XGold Coins when sold at SPOT will gain the seller $600/Equivalent Euro/GBP or 15 additional XGold Coins.
You can see, for an active day trader XGold Coins can be a useful addition to achieving a determined set of results. But, whether it is your plan to save, hedge or trade, XGold Coins are a useful item to have in your wallet.
7. MAKING GAINS WITH XGOLD
There are multiple ways to gain through the trade of XGold Coins. It is important to remember that XGold Coins are valued at the official LBMA price of Gold for any given day. Therefore, if a trader ONLY trades XGold coins based on the absolute value of Gold, the following applies:
a. Trade the XGold Coin on an exchange with other Coin Traders, etc., for either the true market price of Gold (SPOT), or at another discounted price. Where, P-X (Gold value traded from XGold Company) is exchanged at P-Y (value traded where Y is a smaller discount percentage). Thus, the Coin trader creates absolute gain immediately via the differential between the discounts of X and Y.
• Example: Trader A trades 100 XGold Coins today at $40*100 – discount = $4000*0.85 = $3400. Trader A then exchanges on a crypto-currency exchange for 5% discount of SPOT = 40*100 – 5% discount = 4000*0.95 = $3800. Immediate gain $3800 – $3400 = $400 Gain
• Example: Gold LBMA increases to $45 a gram. Exchange value was $3400. Trade value is 45*100 – 5% = $4275. Immediate gain = $4275 – $3400 = $875 Gain
Now, lets assume that due to the increased utility (See above) of XGold Coins, the value of each XGold Coin has increased to $80.00 each. Using the same examples above the gains would be as follows:
• Example: Trader A trades 100 XGold Coins today at $40*100 – discount = $4000*0.85 = $3400. Trader A then exchanges on a crypto-currency exchange for 5% discount of SPOT = $80*100 – 5% discount = 8000*0.95 = $7600. Immediate gain $7600 – $3400 = $4200 gain
Another option for making gains with XGold Coins is to:
b. Hold discounted Coins and use as a hedge against other potential portfolio losses.
And, still another option would be to:
c. Hold discounted Coins and exchange the Coins for Real Physical Gold with XGold Company at a later date.
• Example: Trader A trades 100 XGold
Coins today at $40*100 – discount = $4000*0.85 = $3400. After a short period, Trader A’s XGold Coins increase to $80. Trader A exchanges XGold Coins with XGold Company: $80*100 XGold Coins = $8000 at LBMA gold price $45. $8000/$45 equates to 177 grams of gold, or an approximate gain of 77 grams of gold from the initial exchange less redemption cost of 3% (review Gold redemption procedures).
• Exchanging at a discount gives the trader a big advantage, and immediate up-side. Note: the above examples were generated on a very small cost of $3400. If a Trader trades XGold Coins at the initial offering dates they will always have the market advantage. It pays dividends to keep watch for our XGold Coin offers.
d. Exchange XGold Coins in the exchange markets and use the premium value of XGold to leverage a deal. Your potential gains are only limited by your imagination.
And, as promised, XGold will periodically offer Real Physical Gold at a discount for XGold Coin traders. This offer is part of our Profit Sharing Program and has nothing to do with redemption of XGold Coins.
NOTE: $$ symbols and numbers are used for easier comprehension. All trades with XGold are via Ether ONLY.
8. ROAD MAP
PRE-ICO – 15 DECEMBER, 2017 – 04 FEBRUARY, 2018
Offering 500,000 XGold Coins
XGold will be Semi-Operational
Q1: OFFICIAL ICO Offering – February 05, 2018 – Distribution of 1,000,000 XGold Coins
XGold will be Fully Operational.
Analysis of equipment requirements for Colombia and completion of legal documentation. Advance Bullion Center Plans.
Q2: OFFICIAL ICO 2nd Offering – April 02, 2018 – Distribution of 2,500,000 XGold Coins
Solidify organizational structure and personnel recruitment. Outline plans for refinery, legal documentation and licensing. Organize corporate Board for oversight.
Q3: Ongoing ICO Offering until December 10, 2018
Complete Colombia documentation. Establish requirements for Ecuador.
Continued plans for refinery.
Q4: Developmental analysis for additional production centres.
Emphasis on Asian and African partners.
Profit Sharing Program.
Complete Regional Bullion Centre
First Report of Company
2Q1: XGold Coin redemption for XCoin owners looking to redeem for Real Physical Gold.
Advance banking for production sellers. Generate easier payment systems for product purchase.
2Q2: Coin Offering – Market Driven.
Begin Asian and African integration into business agglomeration plan.
2Q3: Complete final plans of company refinery.
2Q4: Finish Refinery.
Profit Sharing Program
Second Report of Company
9. WHERE ARE WE RIGHT NOW
XGold has build the required Blockchain infrastructure on the Ethereum platform to facilitate the transfer of XGold Coins to our XGold Coin traders. XGold has written the ERC23 Smart Contracts.
December 15, 2017 XGold will raise $20M through a Pre-ICO (Initial Coin Offering) by allocating 500,000 XGold Coins for immediate delivery. The exchange of each XGold Coin is based on the value of Physical Gold as determined by LBMA (London Bullion Market Association).
So as to give every potential Coin Trader the best possible chance of getting the biggest discounts on XGold we will place the Hard Cap at 4Million Coins, with the minimum at 125,000. If we hit our Hard Cap we will cease the ICO offerings regardless of the phase we are in. Thus, all those early traders will have made substantial gains from the exchange of Gold backed coins from the initial PRE-ICO deep discounted opportunities.
10. STRAIGHT FACTS
1. The XGold Coin is a digitally produced Coin secured by Real Physical Gold produced in our Real Physical Gold Mines, or mines where we have Gold production commitments.
2. The transnational trade of the XGold Coins are protected by ERC23 smart contract build on the Ethereum platform.
3. Coin traders’s benefit from the myriad ways to generate gain. Some examples are: a. utilize at a discount, the Coin has immediate significant value as each Coin is valued against the LBMA gold value of the day. Thus, the Coin trader can trade the Coin with other traders and make an immediate gain. b. The Coin trader can – at a future time – exchange Xgold Coins for Real Physical Gold. c. As Coins are valued by Real Physical Gold, the Coins themselves can act as a hedge against the loss of other portfolio asset choices a Coin trader might have in other markets. d. Access to Profit Sharing Program whereby XGold customers can obtain Real Physical Gold at a market discount.
4. Our Real Physical Gold product is accepted everywhere, in high demand (look at the rise in the gold market over the last 10 years), and will always be the commodity of choice. Human history has valued Gold above all things. We think its a safe choice.
Look at the Real Gold Market Data over time
The chart below, courtesy of kitco.com, shows the increased value of gold from 2000 to 2017. Throughout this period clearly Real Gold has increased in value.
11. PRE-ICO/ICO TERMS AND CONDITIONS
The following Terms and Conditions (“Terms”) govern the exchange of cryptographic XGold Coins –(hereby referred to as “XGC”). This disclosure relates to the PRE-ICO, and any ICO to follow (to be known herein as ICO), and is managed by XGold who make available the physical Gold that will back the Coins from XGold mines, partnerships, or with XGold’s ongoing contractual commitments. These Terms and Conditions are not a solicitation for investment and do not pertain in any way to an offering of securities in any jurisdiction. These Terms and Conditions describe the ICO in which the Coin is to be exchanged/traded for Ether.
12. PRE-ICO DETAILS
Name: XGC – Coin
Pre-ICO Date: 15 December, 2017 to 04 February, 2018
Pre-ICO Begins: 00:00:00 EST on 11 December, 2017
Offering Ends: 23:59:59 EST on 04 February, 2018
Period: 8 weeks
ICO Date 1st Offering: 05 February, 2018 to April 01, 2018
ICO Begins: 00:00:00 EST on 05 February, 2018
Offering Ends: 23:59:59 EST on 01 April, 2018
Period: 8 weeks
ICO Date 2nd Offering: 02 April, 2018 to 10 December, 2018
ICO Begins: 00:00:00 EST on 02 April, 2018
Trade Ends: 23:59:59 EST on 10 December, 2018
Period: Balance of 1 year from Original Start Date
How to Trade: XGC – Coins are available ONLY for Trade HERE!
Delivery of Coins: XGold will deliver XGC Coins to buyer wallets immediately upon trade.
Payment Method: Ethereum
Coin Value: XGC is valued at 1 gram of Gold (LBMA 2nd price fix of day)
Pre-ICO Coin Offering: 500,000
Total Coin Supply: 40,000,000 (Forty Million)
Value: About 1 gram of Gold – LBMA 2nd fix price
Minimum Unit Traded: No minimum trade
Pre-ICO XGC Coins are offered below LBMA 2nd price fix of day
13. XGOLD TEAM & ADVISORS
XGold has decades of experience in Gold Mining, Engineering, International and Regional Banking, Computer Science, Legal, Security and Commodity Trading. We also have a strong hands-on team involved in direct field work, machine operating, prospecting and surveying. Note: Team members holding initially minted XGC obtained through a direct XGold company incentive cannot pledge, trade, exchange, transfer, commit, encumber or in any way transact business using XGC as leverage within the first 14 months of transfer. Contraventions will result in total XGC forfeit.
14. ETHEREUM RAISED ON THE ICO WILL BE USED AS FOLLOWS
XGOLD Terms and Conditions
1. Overview of ICO of XGC
XGold will issue a cryptographic Coin called XGC. Each XGC Coin will be guaranteed by XGold. XGC will be valued and initially offered at one gram of gold, and fully redeemable. Traders in the ICO trade XGC in exchange for Ethereum. Early participation bonus is available at up to “35%” for initial Pre-ICO of 8 weeks. Traders of XGC in the ICO will have XGC coin delivered to their designated wallets upon exchange with Ether. All XGC exchanged will be created in XGold’s initial Block of the company BlockChain which will constitute the beginning of XGold operations of the system.
TIMING OF OFFER
The PRE-ICO will begin at 00:00:00 EST, on December 15, 2017. The PRE-ICO will run for 8 weeks and will end at 23:59:59 EST on February 4, 2018 or if all the entire ICO allocated XGC Coins are traded before that time. XGold reserves the right to extend the offer for any reason, including website issues, or other unforeseen security or procedural issues. 500,000 XGold Coins are to be allocated specifically for the PRE-ICO with a further 1,000,000 and 2,500,000 for 2 further ICO offers. Though it does not currently anticipate doing so, XGold also reserves the right to shorten the sale duration for any alternative reason.
2. XGC Value and Exchange at Offering
At XGold PRE-ICO, each XGC is valued at a gram of gold. For the duration of the Pre-ICO / ICO’s, the value to trade an XGC Coin is based on a close approximation of the value of a single gram of Gold – about $40 at the time of exchange with Bonus’ applied for all ICO offerings – see matrix. XGold has a total company issuance of 40,000,000 and will offer further Coins as market conditions demand.
3. Disclosure of Trading
In the spirit of openness, and to enable XGC Traders to have as much information as possible to guide their decision-making process, XGold will disclose on a daily basis, the total number of XGC exchanged, the outstanding balance, which will likely enable the Trader to develop an understanding of the size of the existing XGC pool at the time of their XGC trade.
4. XGold Team Will Not trade XGC During ICO
XGold warrants that it will not self-trade XGC in its own ICO. Furthermore, XGold warrants that it will not self-trade XGC from any third party, or self-trade XGC in any manner, or self-trade for future control of XGC, during the period of the ICO.
5. Trades are Final
ALL TRADES OF XGC ARE FINAL. TRADES OF XGC ARE NON-REFUNDABLE. BY TRADING XGC, THE TRADER ACKNOWLEDGES THAT NEITHER XGOLD NOR ANY OTHER OF XGOLD PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT THE TRADER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY XGC THAT IS NOT USED OR REMAINS UNUSED.
6. Taxation of XGC and Taxation Related to the ICO
The Trader bears the sole responsibility to determine if the trade of XGC with Ethereum or the potential appreciation or depreciation in the value of XGC over time has tax implications for the Trader in the Trader’s home jurisdiction. By trading XGC, and to the extent permitted by law, the Trader agrees not to hold any of. XGold & Parties liable for any tax liability associated with or arising from the trade of XGC.
XGold operates a Decentralized Autonomous Organization (DAO) system that allows for self-executing Smart Contracts and completion of business transactions and agreements among disparate anonymous parties without a central authority or legal system, or even an enforcement mechanism. Thus, your privacy is built into the system. With regards to Cookies, we do collect for a maximum period of 30 days. This is ONLY in connection to the entry of this website and the legal warranties herein.
8. Disclaimer of Warranties
THE TRADER EXPRESSLY AGREES THAT THE TRADER IS TRADING XGC AT THE TRADER’S SOLE RISK AND THAT XGC IS PROVIDED ON AN “AS IS” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE FOREGOING, NONE OF THE XGOLD TEAM & PARTIES WARRANT THAT THE PROCESS FOR TRADING XGC WILL BE UNINTERRUPTED OR ERROR-FREE.
9. Limitations Waiver of Liability
THE TRADER 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 OR INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, XGOLD & PARTIES UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF XGOLD & PARTIES SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR TRADE OF, OR INABILITY TO TRADE, XGC. THE TRADER FURTHER SPECIFICALLY ACKNOWLEDGES THAT XGOLD & PARTIES ARE NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER TRADERS OF XGC, AND THAT THE RISK OF TRADING AND USING XGC RESTS ENTIRELY WITH THE TRADER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF XGOLD & PARTIES BE LIABLE TO ANY TRADER FOR MORE THAN THE AMOUNT THE TRADER HAS TRADED FOR THE EXCHANGE OF XGC. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A TRADER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY TRADER OR EXCLUDE INJURY ARISING FROM ANY WILFULL MISCONDUCT OR FRAUD OF THE XGOLD TEAM
10. Force Majeure
XGold is not liable for failure to perform solely caused by:
● unavoidable casualty,
● delays in delivery of materials,
● government orders,
● acts of civil or military authorities,
● acts by common carriers,
● emergency conditions (including weather conditions),
● or any similar unforeseen event that renders performance commercially implausible.
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.
11. Complete Agreement
These Terms set forth the entire understanding between each Trader and XGold with respect to the exchange of Ether for XGC. For facts relating to the exchanging and trade, the Trader agrees to rely only on documental information herein by XGold in determining self-interest decisions and understands that these documents govern the exchanging of XGC and supersede any public statements about the ICO made by third parties or by the XGold Team or individuals associated with any of XGold & Parties, past and present and during the ICO.
The Trader and XGold 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 unenforceable 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.
13. No Waiver
The failure of XGold to require or enforce strict performance by the Trader of any provision of these Terms or XGold failure to exercise any right under these agreements shall not be construed as a waiver or relinquishment of XGold Team’s to assert or rely upon any such provision or right in that or any other instance. The express waiver by XGold of any provision, condition, or requirement of these Terms shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in this these Terms, no representations, statements, consents, waivers, or other acts or omissions by XGold shall be deemed a modification of these Terms nor be legally binding.
14. Updates to the Terms and Conditions of the XGC ICO
XGold reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the XGold website (https://XGold.lu). Any Trader will be deemed to have accepted such changes by trading XGC. The Terms may not be otherwise amended except in a signed “written document” executed by both the Trader and XGold. For purposes of this agreement, “written document” does NOT include an e-mail message and a signature does not include an electronic signature. If at any point you do not agree to any portion of the then-current version of the Terms, you should not trade XGC.
15. Further Information
For further information regarding the XGC sale, please contact email@example.com
Ownership of XGC during the ICO carries no rights express or implied. Traders of XGC are non-refundable. Traders should have no expectation of influence over governance over the process of exchange. By participating in the exchange of XGC Coins, you expressly acknowledge and represent that you have carefully reviewed the Terms and fully understand the costs, and benefits of trading XGC and agree to be bound by these Terms. As set forth below, you further represent and warrant that, to the extent permitted by law, you are authorized to exchange XGC in your relevant jurisdiction, are of a legal age to be bound by these Terms, and will not hold XGold, its affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of XGC or or affiliates, now or in the future and any other member of the XGold Company Team (collectively “XGold & Parties”) liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the purchase of XGC.
- DO NOT TRADE XGC IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC COINS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS.
- The trading of XGC should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic Coins, like Bitcoin, and Blockchain based software systems. Traders should have functional understanding of storage and transmission mechanisms associated with other cryptographic Coins. While XGold will be available to assist Traders of XGC during the exchange, XGold will not be responsible in any way for loss of the Traders medium of payment regardless of Fiat or other crypto-currencies including XGC resulting from actions taken by, or omitted by Traders. If you do not have such experience or expertise, then you should not trade XGC or participate in trading XGC.
- WARNING: TRADERS OF XGC MUST BE MADE AWARE OF CERTAIN FACTORS
- Prior to trading XGC, you should carefully consider the terms listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not trade XGC. By exchanging XGC, and to the extent permitted by law, you are agreeing not to hold any of XGold & Parties liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of XGC, including losses associated with the terms set forth below.