This whitepaper describes the initial sale in which the INTELLY TOKEN (INTL) is sold. INTL is a crypto token that is designed to be used for all services provided by the INTELLY PLATFORM. INTL also can be used as a Crypto Token to pay for any other services provided by other business entities. Intelly will generally not limit the usage of INTL or the types of business entities that would like to use INTL for their business. INTL is not intended to constitute a security in any jurisdiction. This white paper is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. Please note that purchases of INTL are final and non-refundable. Individuals, businesses, and other organizations should carefully weigh the risks, costs, and benefits of acquiring INTL.
LIMITATION OF THE PURCHASERS
You are not eligible to and you shall not purchase INTL through its token sale if you are a citizen or resident (tax or otherwise) of any country or state where the purchase of INTL or similar Crypto Token may be prohibited or the token sale is deemed to be not compliant with the applicable laws and regulations.
Purchases of INTL should be undertaken only by individuals, entities, or companies that have significant experience with, and understanding of, the usage and intricacies of Crypto Tokens and blockchain based software systems. Purchasers should have functional understanding of storage and transmission mechanisms associated with other Crypto Tokens. Any entities of Intelly and officers and employees thereof will not be responsible in any way for loss of any Crypto Tokens, INTL or fiat currency resulting from actions taken by, or omissions of the purchasers. If you do not have the required experience or expertise, then you should not purchase INTL or participate in the sale of INTL. You should carefully consider the risks, costs, and any other demerits of acquiring INTL, and, if necessary, obtain your own independent advice in this regard. If you are not in the position to accept nor to understand the risks associated with the token sale of INTL (including the risks related to the non- development of INTELLY PLATFORM) or any other risks as indicated in this whitepaper, you should not acquire INTL, until such that you have received the necessary independent advice.
The purchase of INTL carries with it significant risk. Prior to purchasing INTL, the purchaser should carefully consider the risks listed below and, to the extent necessary, consult a lawyer, accountant, and/or tax professional prior to determining whether to purchase INTL.
(a) INTL will be stored in a wallet, which can only be accessed with a password selected by the purchaser. If a purchaser of INTL does not maintain an accurate record of their password, this may lead to the loss of INTL. If your password protection is weak and it is cracked or learned by somebody else, this may also lead to the loss of INTL. As a result, purchasers must safely store their password in one or more backup locations that are well separated from the primary location.
(b) The purchaser recognizes that some of the services under the INTELLY PLATFORM is currently under development and may undergo significant changes before release. The purchaser acknowledges that any of its expectations regarding the form and functionality of the INTELLY PLATFORM may not be met for any number of reasons.
REPRESENTATION AND WARRANTIES BY THE PURCHASERS
By participating in the token sale of INTL, the purchasers represent and warrant to Intelly as follows:
(a) you are authorized and have full power to purchase INTL according to the laws that apply in your jurisdiction of domicile;
(b) you are solely responsible for determining whether the acquisition of INTL is appropriate for you;
(c) You are not acting as an agent on behalf of any other person or entity who wish to purchase INTL or participate in its token sale;
(d) You have carefully considered the risks, costs, and any other demerits of acquiring INTL and understood such the risks, costs, and any other demerits associated with INTL and its token sale;
(e) you are not acting for the purpose of speculative investment;
(f) you agree and acknowledge that INTL does not constitute securities in any form in your jurisdiction;
(g) you agree and acknowledge that this whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in your jurisdiction or a solicitation for investment in securities;
(h) you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this whitepaper, no such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
(i) you agree and acknowledge that this whitepaper, the undertaking and/or the completion of the INTL token sale, or future trading of INTL on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of Intelly or INTL;
(j) the distribution or dissemination of this whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to Intelly;
(k) you agree and acknowledge that in the case where you wish to purchase any INTL, it is not to be construed, interpreted, classified or treated as: (i) any kind of currency other than cryptocurrency; (ii) debentures, stocks or shares issued by Intelly (iii) rights, options or derivatives in respect of such debentures, stocks or shares; (iv) rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss; (v) units in a collective investment scheme; (vi) units in a business trust; (vii) derivatives of units in a business trust; or (viii) any other security or class of securities.
(l) you have a good understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology; (m) you are fully aware and understand that in the case where you wish to purchase any INTL, there are risks associated with Intelly and its business and operations; (n) you agree and acknowledge that Intelly is not liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this whitepaper or any part thereof by you; (o) you will not use the token sale for any illegal activity, including but not limited to money laundering and the financing of terrorism; and (p) all of the above representations and warranties are true, complete, accurate and non-misleading from the time of your access to and/or acceptance of possession this whitepaper or such part thereof (as the case may be).