Terms and Conditions

Respectonomy Ltd. reserves the right to change the terms and conditions at any time without prior notice. In the event that any changes are made, the revised terms and conditions shall be posted on this website immediately and on social links. Please check the latest information to inform yourself of any changes.
  • Legal
  • Disclaimer
This disclaimer applies to everything published by Respectonomy Ltd. here on this website and in other official forums or media. By using the Respectonomy platform or network functions you agree to all of the following.

The website https://respectonomy.com (henceforth known as the “Website” for the remainder of this disclaimer) provides information about the concept of content sharing in a decentralized way and the functions and features of the Respectonomy and the said token ‘RES’ associated with it. This is to be considered general information and not an endorsement or authority to use the Website for legal advice, business advice, or advice of any other kind. You act purely at your own risk with regards to any of the contents of the Website and you are solely responsible for the content. Owner is not liable niether their team members are responsible for that content. Should you make your own decision to commence any undertaking, act, or inaction, you should contact a solicitor in your jurisdiction if you need advice or doubt that what you are doing is against the law.
The proprietors, creators, any contributors or the Website, or any other official forum or medium can NOT be held responsible for your actions, decisions, undertakings, inaction or any other behaviour in relation to Respectonomy platform. The proprietors, creators, any contributors or the Websites or any other official forum or medium representing Respectonomy.com do NOT in any way condone any illegal activity in any territory or jurisdiction and the said platform and network is intended for legal use only.
Although the Respectonomy platform and its contributors regard privacy as a fundamental human right, any information provided to maintain your privacy online is NOT any endorsement to break any laws in your territory and jurisdiction.
The Respectonomy platform and its contributors will NEVER ask for any personal information and will absolutely not gather or retain any personal information on the Websites or anywhere else. If you receive any communication purporting to come from The Respectonomy platform asking for any personal information, it is NOT from us and in general you should not entertain any such requests from anybody.
The Respectonomy platform and its contributors will not be responsible for any losses, damages or claims arising from any event as a result of any user action. We can NOT assist with and/or be liable for any user mistakes. It is a must that You, the user, educate yourself about cryptocurrencies and ‘RES’ before you start using it. User mistakes include but are not limited to: forgotten passwords, payments sent to the wrong ‘RES’ addresses or accidentally deleted wallets, applications problems of the Website if any.
Security requirements
Since there is no third party to help users manage digital currency accounts’ privacy, users need to confirm their own private security. If there is any loss or theft, it may cause huge property losses.

Warranties
The Websites are provided on an "as is" basis without any warranties of any kind regarding the Websites and/or any content, data, materials and/or services provided on the Websites.

Privacy and Anonymity
The Respectonomy platform and its contributors provide a supreme privacy centric cryptocurrency with top of the range features to maintain your privacy and that of your transactions. All the features of the platform and the network are designed to maintain your anonymity. It is important to understand that anonymity is relative and no such thing as absolute anonymity exists in any interaction with the real world, but that anonymity is relative to your actions. The Respectonomy platform and its contributors cannot know, and do not pretend to be in any way aware of the full capabilities of any state power or malicious and motivated attacker and their ability to trace, track or otherwise monitor any electronic network. Therefore, The Respectonomy platform and its contributors cannot offer an absolute guarantee of privacy and anonymity and we suggest that anyone that would make such a promise would be dishonest and ignorant.

Limitation of liability
Unless otherwise required by law, in no event shall the owners of, or contributors to the Website/platform be liable for any damages of any kind, including, but not limited to, loss of use, loss of profits, or loss of data arising out of or in any way connected with the use of the Website.

Arbitration
The user of the Website agrees to arbitrate any dispute arising from or in connection with the Website or this disclaimer, except for disputes related to copyrights, logos, trademarks, trade names, trade secrets or patents.

Crowdsale Disclaimers

Crowdsale of cryptocurrencies are a creative new type of fundraising model, which might have potential or unknown legal risks. In a few countries, Crowdsale is a legal word to use and implied, where in some it is not. It is the investor’s responsibility to take a note of rules and regulations that imply in his/her country in relation to Crowdsale investment before participating. In no event shall the owners of, or contributors to, the Respectonomy platform be liable for any kind of legal consequences that might be initiated against investors because of participation in the said Crowdsale.

There will be No Refunds
Before you decide to deposit your digital currency into the crowdsale account, please note the following:
  • You clearly understand that unless it is beyond the maximum crowdsale amount, under normal circumstances, digital currency you deposited will not be refunded. Crowdsale terms will be announced on website much before it starts to give enough time to investors/donators to help them read, understand before they proceed to deposit.
  • Because of the special nature of digital currency, user's own failures of transferring of digital currencies (including, but not limited to the wrong address, insufficient transfer fees or BTC network problem) may lead to loss which will be borne by the participants themselves.
  • After successful crowdsale, you can sell ‘RES’ on the exchanges, but then the price of the transaction may result in your loss. (Please refer to Market Risk point above).
Investment Risk

The investment in ‘RES’ can lead to the loss of money over a short or even over a long period of time. The investors in the said token should expect prices to have large range fluctuations in value. The information published on the Websites cannot guarantee that the investors in ‘RES’ would not lose any money.

Liquidity and market risk

Although there may be exchanges offering trading service of ‘RES’, Respectonomy will try to reduce price fluctuations through adequate information disclosure and many other means like market making, buy wall requirements if any. Respectonomy may experience difficulty in managing the liquidity of ‘RES’, the user has to understand the risk of price volatility and low liquidity after the launch of ‘RES’ for trading. Price determination is an open market activity. Respectonomy will have no role in determining prices after it has launched ‘RES’ for trading. Buy Walls are typically an activity that help early believers to minimize their loses from rapid price falls that may arise of rumours, fear, etc.

Tax Obligations

The users of the Website are solely responsible to determinate what, if any, taxes apply to their ‘RES’ transactions. RESPECTONOMY Ltd. And its owners, or contributors to, the Website are NOT responsible for determining the taxes that may apply to ‘RES’ transactions. Any transfer of title in ‘RES’ occurs within a decentralised network, and not on the Website.