PRE-ICO SMALL GOLD TOKEN
Grams of Gold Sold: 40,000
We Accept The Following Forms Of Payment
Global Gold Concerns Coin ICO Terms & Conditions
The following Terms and Conditions (“Terms”) govern the sale of cryptographic tokens – Global Gold Concerns Coin (hereby referred to as “GGC”). The ICO is managed by The Green Fire DAO Foundation to provide the physical gold asset backing the token and reserve the purchases of the GGC to be issued and executed through the Global Gold Concerns Team to purchasers of GGC (“Purchasers” collectively, and “Purchaser” individually).
This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the ICO in which the token (GGC) is sold.
Storage of Metals Assets
Green Fire is planning for production of gold and other precious and base metals from its operations. Precious metals will be stored as bullion or dore bars in secured vaults in accredited banks or metal depositories. In order to mitigate geopolitical risks, the metals will be stored in several different jurisdictions globally.
Deposit certification will be handled by a globally recognized auditing and certification corporation, such as Inspectorate, Bureau Veritas or SGS.
Ownership of GGC during the ICO carries no rights express or implied. Purchases of GGC are non-refundable. Purchasers should have no expectation of influence over governance of the platform. By participating in the sale of GGC, you expressly acknowledge and represent that you have carefully reviewed the Terms and fully understand the costs, and benefits of purchasing GGC 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 purchase GGC in your relevant jurisdiction, are of a legal age to be bound by these Terms, and will not hold GGC, its parent and affiliates, and the officers, directors, agents, joint ventures, employees and suppliers of GGC or our parent or affiliates, now or in the future and any other member of the Global Gold Concerns Team (collectively the “Global Gold Concerns Team & Parties”) liable for any losses or any special, incidental, or consequential damages arising out of, or in any way connected to the sale of GGC.
DO NOT PURCHASE GGC IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS
Purchases of GGC should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens, like bitcoin (“BTC”), and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other cryptographic tokens. While the Global Gold Concerns Team will be available to assist Purchasers of GGC during the sale, the Global Gold Concerns Team will not be responsible in any way for loss of BTC or any other cryptocurrency use regrading GGC or GGC resulting from actions taken by, or omitted by Purchasers. If you do not have such experience or expertise, then you should not purchase GGC or participate in the sale of GGC.
WARNING: PURCHASERS OF GGC MUST BE MADE AWARE OF CERTAIN FACTORS
Prior to purchasing GGC, 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 purchase GGC. By purchasing GGC, and to the extent permitted by law, you are agreeing not to hold any of the The Global Gold Concerns Team & Parties liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of GGC, including losses associated with the terms set forth below.
TERMS AND CONDITIONS
1. Overview of ICO of GGC The Global Gold Concerns Team requires, for proper operation, and comprehensive utilization, a cryptographic token called GGC. For the duration of the ICO, each purchase of a GGC token is backed by one gram of gold.
The The Green Fire DAO Foundation stores the gold that backs the Pre-ICO cryptocurrency SGT, and reserves the GGC tokens to be issued to investors by the Global Gold Concerns Team.
All GGC sold in this manner will be created in the Global Gold Concerns Project’s initial Block — the initial block of the Global Gold Concerns Team’s blockchain which constitutes the inception of operation of the system — which is expected to be created during the month of January, 2018 although there are no guarantees that this will occur in accordance to such a time-frame. After such time, the Global Gold Concerns Team will allocate the purchased GGC to the corresponding user account on the web site, delivering it to their control.
Purchaser shall redeem Token for one (1) gram of gold regardless of the spot price of gold.
The SGT Token is redeemable for one gram of 999.9 pure Gold produced from contracted mining operations.
Each SGT Token may be exchanged for GGC at a rate of 100:1. In other words Each SGT can be exchanged for 100 GGC during the boot strap phase.
TIMING OF SALE
The ICO is to be announced by the end of November . The sale will be for 30 days or until all the GGC are sold. The Global Gold Concerns Team reserves the right to extend the sale duration for any reason, including the unavailability of the website https://globalgoldconcerns.com or other unforeseen security or procedural issues.
The maximum total amount of GGC tokens to be issued is 1,000,000,000 (one billion). The sale will finish at the designated posted end date on the website, or when all ICO GGC tokens have been sold. Though it does not currently anticipate doing so, the Global Gold Concerns team also reserves the right to shorten the sale duration for any alternative reason.
2. GGC Pricing & Issuance
At its purchase during the ICO, each GGC is backed by back a basket of hard assets (see whitepaper) including gold and valued at and denominated by using USD. For the duration of the ICO, the price to reserve an GGC token is not linked directly to the spot price of gold at the time of purchase. The ICO price of GGC is fixed at $50.00USD.
The use of proceeds of the sale is intended to add projects and assets to fulfill The Green Fire DAO Foundation mission.
The maximum total amount of ICO GGC tokens to be issued is 100,000,000. If the tokens do not sell out, All unsold token will e returned to The Green Fire DAO Foundation.
there will be a new total supply of GGC equal to the amount of GGC reserved in the ICO. After that, no more coins will be issued.
3. Disclosure of Purchases
In the spirit of openness, and to enable GGC Purchasers to have as much information as possible to guide their decision-making process, the Global Gold Concerns Team will disclose on a daily basis, the total number of GGC sold, reserved and outstanding to enable the Purchaser to develop an understanding of the size of the existing GGC pool at the time of their GGC purchase.
4. Global Gold Concerns Team Will Not Purchase
GGC During ICO. The Global Gold Concerns Team warrants that it will not purchase GGC in its own sale. Furthermore, The Global Gold Concerns Team warrants that it will not purchase GGC from any third party, or acquire GGC in any manner, or acquire future control of GGC, during the period of the ICO.
5. All Purchases of GGC Are Non-Refundable
ALL PURCHASES OF GGC ARE FINAL. PURCHASES OF GGC ARE NON-REFUNDABLE. BY PURCHASING GGC, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE GREENFIRE DAO FOUNDATION NOR ANY OTHER OF THE GLOBAL GOLD CONCERNS TEAM & PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY GGC THAT IS NOT USED OR REMAINS UNUSED.
Taxation of GGC and Taxation Related to the ICO The Purchaser bears the sole responsibility to determine if the purchase of GGC with cryptocurrency or the potential appreciation or depreciation in the value of GGC over time has tax implications for the Purchaser in the Purchaser’s home jurisdiction. By purchasing GGC, and to the extent permitted by law, the Purchaser agrees not to hold any of the The Global Gold Concerns Team & Parties liable for any tax liability associated with or arising from the purchase of GGC.
Although the Global Gold Concerns Team requires that Purchasers provide proof of identity for AML and KYC purposes, the Global Gold Concerns Team will not publish any identifying information related to an GGC purchase, without the prior written consent of the Purchaser. Purchasers may be contacted by email by The Green Fire DAO Foundation Team regarding a purchase. Such emails will be informational only.
The Global Gold Concerns Team & Parties will not request any information from Purchasers in an email.
8. Disclaimer of Warranties
THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING GGC AT THE PURCHASER’S SOLE RISK AND THAT GGC 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 (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE GLOBAL GOLD CONCERNS TEAM & PARTIES WARRANT THAT THE PROCESS FOR PURCHASING GGC WILL BE UNINTERRUPTED OR ERROR-FREE.
9. Limitations Waiver of Liability
THE PURCHASER 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, GGC OR THE GLOBAL GOLD CONCERNS TEAM & 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 THE GLOBAL GOLD CONCERNS 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 PURCHASE OF, OR INABILITY TO PURCHASE, GGC. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE GLOBAL GOLD CONCERNS TEAM & PARTIES ARE NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF GGC, AND THAT THE RISK OF PURCHASING AND USING GGC RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE THE GLOBAL GOLD CONCERNS TEAM & PARTIES BE LIABLE TO ANY PURCHASER FOR MORE THAN THE AMOUNT THE PURCHASER HAs PAID TO THE GREENFIRE DAO FOUNDATION FOR THE PURCHASE OF GGC. 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 PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE GLOBAL GOLD CONCERNS TEAM
10. Force Majeure
The Global Gold Concerns Team 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 Purchaser and The Global Gold Concerns Team with respect to the purchase and sale of GGC. For facts relating to the sale and purchase, the Purchaser agrees to rely only on these two documents in determining purchase decisions and understands that these documents govern the sale of GGC and supersede any public statements about the ICO made by third parties or by the Global Gold Concerns Team or individuals associated with any of the Global Gold Concerns Team & Parties, past and present and during the ICO.
The Purchaser and the Global Gold Concerns Team 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 unenforceability 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 the Global Gold Concerns Team to require or enforce strict performance by the Purchaser of any provision of these Terms or the Global Gold Concerns Team’s failure to exercise any right under these agreements shall not be construed as a waiver or relinquishment of the Global Gold Concerns Team’s right to assert or rely upon any such provision or right in that or any other instance.
The express waiver by the Global Gold Concerns Team 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 the Global Gold Concerns Team shall be deemed a modification of these Terms nor be legally binding.
14. Updates to the Terms and Conditions of the GGC ICO
The Global Gold Concerns Team 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 Global Gold Concerns websites (https://smallgoldtoken.com, https://globalgoldconcerns.com).
Any Purchaser will be deemed to have accepted such changes by purchasing GGC. The Terms may not be otherwise amended except in a signed writing executed by both the Purchaser and the Global Gold Concerns Team.
For purposes of this agreement, “writing” 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 purchase GGC.
15. Cooperation with Legal Authorities
The Global Gold Concerns Team will cooperate with all law enforcement inquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions. In accord with one of the core principles of the Global Gold Concerns project — transparency — the Global Gold Concerns Team will endeavor to publish any legal inquiries upon receipt.
16. Further Information For further information regarding the GGC sale, please contact email@example.com
THE GREENFIRE DAO FOUNDATION (Click Here to read the GGC Whitepaper)