1.1. The preliminary outline of the VR3000 Games platform and functions is given in the Whitepaper published on the vr3000games.io website. The contents of the Whitepaper are not binding and are subject to change in line with ongoing research and development in order to best meet VR 3000 Games vision to create a decentralised and self-sustaining gaming platform for blockchain innovation.
1.2. VR3 is the ultimate games platform “access and fuel coin”. This means that VRBTC will be the native cryptocurrency of the VR3000 games platform, to be used by its community. Funds collected through the Crowdsale will be used to develop a platform for the community and facilitate the use of the virtual reality games coin. VR 3000 games capabilities and its value are fully dependent upon the developments of VR 3000 games and the market.
1.3. VR 3000 stakeholder (or just “stakeholder”) means any entity holding any amount of VRBTC. For those who participated in the crowdsale, and who have contributed a minimum effective amount, will be invited to register as a community member. Community members are able to use the VRBTC Platform and thereby utilize the full potential of the VRBTC once the Platform is deployed. Community members will be able to enter the 1m BTC competition using their VRBTC coins.
1.4. The community member needs to maintain that balance to maintain their community member status.
1.5. VRBTC grants you access to the website and the Platform as it may exist and be available on any given day and VR 3000 has no other obligations, except as expressly stated in these Terms.
1.6. VR 3000 Games has the right to modify, replace, refuse access to, suspend, or discontinue the website and the Platform partially or entirely.
1.7. VR 3000 Games reserves the right to withhold, remove or discard any content available as part of your Platform account or website or withhold services, with or without notice.
1.8. VR 3000 games 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 Crowdsale, may not completely reflect the final structure established by VR3000 games.
2.1. In no event shall VRBTC or members of VR 3000 games 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 VR 3000 games 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 VRBTC in any countries and cryptocurrency exchanges.
2.2. 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.
2.3. By acquiring VRBTC and to the extent permitted by applicable law, the buyer agrees not to hold VRBTC or any member of VR 3000 games 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 VRBTC, hacker’s attacks, loss of passwords, etc.
3. Limitation And Liability
3.1. In no event shall VRBTC or members of VR 3000 games 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 VR 3000 games 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 VRBTC in any countries and cryptocurrency exchanges.
3.2. 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.
3.3. By acquiring VRBTC and to the extent permitted by applicable law, the buyer agrees not to hold VR3 or any member of VR 3000 games 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 VRBTC, hacker’s attacks, loss of passwords, etc.
4.1. Participation in the VRBTC Crowdsale and any acquisition of VRBTC 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.
4.2. It is possible that even if the Crowdsale threshold is met, the insufficient funds will not feasibly develop VRBTC, possibly causing the effect that stakeholders may not be able to participate in any projects. By holding VRBTC, the stakeholder acknowledges that he/she understands that while every effort will be made to execute VRBTC vision, it is possible that it will never be realized due to the aforementioned reasons.
4.3. Cryptocurrencies and project financing through cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies around the world. VRBTC may need to change its operations in order to comply with applicable regulation, and may become subject to licensing requirements. VRBTC could be impacted by one or more regulatory actions or regulatory enforcement, which could impede or limit the ability to continue to develop VRBTC and its activities. This uncertainty significantly adds up to risks connected with the acquisition and use of VRBTC. VRBTC will make every effort to adopt its practices to accommodate regulatory needs and changes as they occur.
4.4. The VRBTC software itself utilizes a third-party platform: th blockchain. There is a risk that, as an open source project, any changes to th blockchain could introduce weaknesses or bugs into the software, thus causing the loss of VRBTC coins and/or Bitcoin ETH in one or more or even all of the stakeholder accounts. VR 3000 games reserves the right to be vendor agnostic in this regard, and use other blockchain providers where feasible, practical, or necessary.
4.5. 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 VRBTC , 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 VRBTC's or Bitcoins in one or more or even all of the stakeholder accounts.
5. Representation & Warranties
5.1. By acquiring VRBTC whether from another stakeholder or through the Crowdsale, you represent and warrant that you:
- Have a basic level of understanding of the usage and intricacies of cryptographic tokens, such as Bitcoins, and other blockchain based software systems;
- Are at least 18 years old or the age of contractual capacity;
- Are legally permitted to use Bitcoins in your jurisdiction;
- Waive your right to participate in a class action lawsuit or a class-wide arbitration against any member of VR 3000 Games ;
- Are not exchanging VRBTC for any illegal purpose within your jurisdiction;
- Understand that there is no warranty whatsoever on VRBTC, express or implied, to the extent permitted by law, and that VRBTC are created on an “as is” basis;
- Further agree to accept sole risk for your participation in the VR3 games platform;
- Are not a Chinese or Singapore citizen or any other country where it is prohibited to participate in ICOs. You must comply with all applicable tax laws, including the reporting and payment of income tax or similar arising in connection with your use of the VR3 games platform, or appreciation and depreciation of VRBTC, and you bear the sole responsibility to determine such implications and act in accordance with the law.
You understand and accept, that the ownership of VRBTC carries no rights, express or implied, other than the right to use VRBTC as a means to obtain Services, and to enable usage of and interaction with the Platform, if successfully completed and deployed. In particular, you understand and accept that VRBTC do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Platform, and/or Company and its corporate affiliates, other than rights relating to the receipt of Services and use of the Platform, subject to limitations and conditions in these Terms and applicable Platform Terms and Policies (as defined below). VRBTC are not intended to be a digital currency, security, commodity or any other kind of financial instrument.
6.1. VR 3000 games 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 VR 3000 games will not be visible to the public or other community members.
6.2. Before using the Platform, you have to register with VR 3000 games as a community member and provide further personal information.
7. Final Provisions
7.1. Compliance VR3000 games shall cooperate with all law enforcement inquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions.
7.2. Amendments VR 3000, after final approval of the VRBTC Board, reserves the right to change, modify, add, or remove portions of these Terms at any time during the Crowdsale and afterwards by posting the amended Terms on VR 3000’s website, as well as making a public announcement. The revised version will be effective at the time VR3000 games posts it unless indicated otherwise. However, VRBTC 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 VRBTC.
7.3. Jurisdiction These Terms shall be governed by and construed in accordance with the laws of the UK. Any dispute arising under these Terms shall be subject to the exclusive jurisdiction of the United kingdom.
7.4. Acceptance of Terms By the acquisition of VRBTC, the stakeholder confirms that, to the extent permitted by law, he/she is authorized to acquire VRBTC 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 VRBTC mobile applications, electronic platforms, the website located at https://www.vr3000games.io or any other associated website hosted by VR 3000 games, 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 VR 3000 games.
7.5. If you have any questions please do not hesitate to contact us.