GEE token distribution structure
Terms & Conditions
Geens Platform Token (GEE) is an ERC-20 compatible utility and exchange token distributed on the Ethereum blockchain contract. In exchange of GEE tokens, users would be able to receive and provide services on Geens platform (for example, document timestamping, legal consultations, virtual ID validation, etc.).
In order to participate in the GEE Token distribution, you will need an ERC-20 compatible wallet. You should hold the private key for such wallet. If you don’t know which wallet to use, we highly recommend MyEtherWallet. After we receive your ETH in GEE Token sale address, GEE Tokens automatically will be sent to your ETH address (for example, in Tier 1 – you will get 1 GEE Token for 0.0006 ETH).
You cannot send ETH directly from cryptocurrency exchanges, only from an ERC-20 compatible wallet. Always send ETH to your own wallet first, and then contribute from there. In case you send ETH from cryptocurrency exchanges to GEE Token sale address, you will not be able to receive GEE Tokens.
Only Ethereum (ETH).
You can purchase ETH for fiat on a number of cryptocurrency exchanges, such as Bitstamp, Poloniex, Coinbase, Kraken, Bitfinex, Bittrex and others.
Geens Platform Token (GEE) distribution will start on the 7th of November (Tuesday).
GEE Token sale will be finished: 1) if a hard cap of 67 000 000 GEE (40 200 ETH) is reached; 2) after a period of one month GEE Token sales campaign, on the 7th of December.
Yes, the soft cap of 13 500 ETH is applied. If we do not reach the soft cap, all ETH sent by users will be returned back to users’ ETH addresses.
No, the total supply of GEE Tokens is fixed – 100 000 000.
GEE Tokens will be locked on your ETH address until the end of GEE Token distribution campaign.
Yes, a minimum amount you need to send is 0.03 ETH and a maximum amount is 1000 ETH. If you send ETH not in line with our minimum / maximum amount, your ETH will be returned to your account automatically.
After GEE Token distribution, we plan to list GEE Tokens on cryptocurrency exchanges.
Yes, users from the United States will not be eligible to participate in the GEE Token sale. Participation in the token sale will be subject to the terms and conditions of the sale.
Total of 100 000 000 GEENS Platform Tokens (GEE) will be issued.
GEE tokens distribution:
67 000 000 of GEE tokens are offered in GEE tokens distribution campaign.
A hard cap of Geens token distribution is 40 200 in ETH that is about 12 000 000 in USD.
A soft cap of Geens token distribution is 13 500 in ETH that is about 4 000 000 in USD.
|Tier 1||3 days||7 -9 Nov.||0.00060|
|Tier 2||7 days||10-16 Nov.||0.00067|
|Tier 3||10 days||17-26 Nov.||0.00074|
|Tier 4||10 days||27 Nov.-7 Dec.||0.00082|
A minimum amount a user can send is 0.03 ETH, a maximum amount – 1000 ETH.
Based on ETH/USD market price (1 ETH = 300 USD) in Tier 1 GEE is offered for about 0.18 USD.
The following Terms & Conditions ("Terms") apply to the Geens platform token ("GEE Token") distribution and use of the tokens on the Geens platform (www.geens.com). You should carefully read these Terms, as well as the whitepaper of the Geens project before participating in the GEE Token distribution.
The creation and distribution of GEE Tokens pursuant to these Terms do not constitute an offer of securities or a promotion, invitation or solicitation for investment purposes. Terms are also not therefore a prospectus.
The following constitute the agreement (the “Agreement”) between UAB STRATEGEENS, legal entity code 303052375, address Savickio st. 4, Vilnius, Lithuania (“Geens”) and you – a person participating in GEE Token distribution (the “User”). By participating in GEE Token distribution, including use of GEE Tokens on the Geens platform, you are agreeing to be bound by these Terms in its latest version. You are aware that Geens might change the Terms at any time. Your continued use of the Geens platform or participation in GEE Tokens distribution means that you accept any new or modified terms.
The GEE Token distribution shall be conducted by Geens. A fixed number - maximum 100 000 000 of ERC-20 compatible utility and exchange tokens shall be distributed on the Ethereum blockchain contract during the GEE Token distribution. Only Ethereum (ETH) will be accepted in the GEE Token distribution.
During the distribution 67% of GEE Tokens shall be offered to token distribution, 12% of GEE Tokens shall be offered to the team and 21% of GEE Tokens shall be offered to NPO community (partners, early adopters, social bounties, NPO foundation).
In order to participate in the GEE Token distribution, a User will need an ERC-20 compatible wallet. A User should hold the private key for such wallet. After Geens receive your ETH in GEE Token sale address, GEE Tokens automatically will be sent to User's ETH address.
GEE Token distribution will start on the 7th of November. GEE Token distribution will be finished when one of two conditions is met: 1) if a hard cap of 67 000 000 GEE (40 200 ETH) is reached; 2) after a period of one month GEE Token distribution campaign, on the 7th of December.
A minimum amount a User needs to send in order to participate in GEE Token distribution is 0.03 ETH and a maximum amount is 1000 ETH. If a User sends ETH not in line with minimum / maximum amount, ETH will be returned to User's account automatically.
The soft cap of 13 500 ETH shall be applied. If soft cap is not reached, all ETH sent by Users will be returned back to Users’ ETH addresses.
GEE Tokens will be locked on User's ETH address until the end of GEE Token distribution campaign.
Funds raised by Geens will be given as grant towards further development of Geens as a project.
Geens is developing encrypted document storage and blockchain timestamping services platform, which shall require the use of GEE Tokens as mean of payment for use of services provided in the platform. The use of such services and payments for services are subject to separate terms which shall be defined and published or updated in the geens.com website once paid services are available.
Geens stands out from other blochkchain based platforms issuing tokens as its platform is already developed and its two main functions – encrypted data storage and timestamping – are already available at www.geens.com website. Furthermore, Geens will make reasonable efforts to develop new functions and make the Geens platform commercially successful.
However, despite the above, participating in GEE Token distribution still involves various risks, in particular that Geens may not be able to develop new functions, or further development of the platform might fail. The Geens platform might remain commercially unsuccessful, or shut down for lack of interest or other reasons. It might be not possible to use GEE Tokens for purchase goods or services on the Geens platform.
Regulatory authorities are carefully scrutinizing businesses and operations associated to cryptocurrencies in the world. In that respect, regulatory measures, investigations or actions may impact Geens’s business and even limit or prevent it from developing its operations in the future. Any person undertaking to participate in the GEE Token distribution must be aware that the Geens business model and the Terms may change or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, Users and any person undertaking to participate in GEE Token distribution acknowledge and understand that neither Geens nor any of its affiliates shall be held liable for any direct or indirect loss or damages caused by such changes.
The User therefore understands and accepts that the participation in GEE Token distribution carries significant financial, regulatory and operational risks, including the complete loss of usability or value (if any) of GEE Token. Therefore, and prior to participating in GEE Token distribution, any User carefully consider the risks, costs, and benefits and, if necessary, obtain independent advice in this regard. Any interested person who is not in the position to accept nor to understand the risks associated with participation in token distribution or any other risks as indicated in the Terms, should not participate in the GEE Token distribution, at this stage or later.
This document does not constitute a prospectus of any sort, is not a solicitation for investment and does not promote or pertain in any way to an offering of securities in any jurisdiction. The Terms do not include or contain any information or indication that might be considered as a recommendation or that might be used to base any investment decision. The GEE Token is a utility token and is not intended to be used as an investment.
The User understands and accepts that GEE Token do not represent or constitute any ownership right or stake, share, unit or other security or equivalent right in or relating to Geens, its platform and/or any software, any public or private company, corporation, entity or property.
Employees and associates of Geens are allowed to operate with GEE Token at market price if they are not in knowledge of information that may modify the price of the token.
By participating in GEE Token distribution, the User understands, represents and warrants that:
- due to prohibitions, legal uncertainties and complexity of the United States of America, China, Singapore and South Korea financial regulations Geens will not allow citizens, residents and/or tax residents of the United States of America, China, Singapore or South Korea to participate in the GEE Token distribution;
- the User is not a citizen, resident and/or tax resident of the United States of America, China, Singapore or South Korea nor is acting on behalf of the said persons;
- the User has a deep understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, like ether (ETH), and blockchain-based software systems;
- the User is legally permitted to receive and hold and make use of the GEE Token in the User’s jurisdiction;
- the User is of a sufficient age to legally obtain the GEE Token;
- the User will contribute only from a wallet or wallet service provider that technically supports GEE Token. The User understands and accepts, that failure to ensure this may have the result that the User will not gain access to his GEE Token;
- the User will take sole responsibility for any restrictions and risks associated with the receiving and holding of the GEE Token;
- the User is not obtaining or using the GEE Token for any illegal purposes.
Geens reserves the right to conduct “know your customer” procedure and any other kind of customer due diligence on you at any time (including after the close of the GEE Token distribution). If Geens discovers your participation in GEE Token distribution is violating this Agreement or any anti-money laundering, counter-terrorism financing or other applicable regulatory requirements, your participation in GEE Token distribution shall be invalid with retroactive effect and Geens shall be entitled to immediately terminate this Agreement with you, reject delivery of any GEE Tokens and request return of any delivered GEE Tokens, irrespective of any payment that you could have made.
You may be required to provide Geens with certain personal information, including but not limited to, your name, address, telephone number, e-mail address, date of birth, personal code, passport, utility bills, proof regarding source of funds, etc. Geens may also require you to answer certain questions or take certain actions in order to verify your identity or comply with applicable law. In submitting this personal information, you verify that the information is accurate and authentic, and you agree to update it if any information changes. You hereby authorize Geens to directly make any inquiries we consider necessary to verify your identity and/or account information, and request and obtain any consumer report or similar information relating to you and to take action we reasonably deem necessary based on the results of such inquiries.
Use of GEE Token is subject to international export controls and economic sanctions requirements. By acquiring GEE Tokens, you represent and warrant that your acquisition comports with and your use of the item will comport with those requirements. Without limiting the foregoing, you may not acquire GEE Tokens if you are on any sanctions list or you intend to use GEE Tokens in association with any persons or entities that are listed on any sanctions list.
The User bears the sole responsibility to determine if his participation in GEE Token distribution, the allocation, use or ownership of the GEE Token, the potential appreciation or depreciation in the value of the GEE Token over time (if any), the sale and purchase of the GEE Token and/or any other action or transaction related to the Geens project have tax implications for him.
The User acknowledges and agrees that, to the fullest extent permitted by any applicable law, the User will not hold the Geens and any advisors, administrators, auditors, contractors, developers or founders related to the same or the Geens platform ("Related Persons") liable for any and all damages or injury whatsoever caused by or related to the use of, or the inability to use the GEE Token or Geens platform 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 Released Persons shall not 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 the inability to use the GEE Token or Geens platform.
The User further specifically acknowledges that Related Persons are not liable, and the User agrees not to seek to hold them liable, for the conduct of third parties, including other creators of GEE Token and Geens platform, and that the risk of creating, holding and using the GEE Token rests entirely with the User.
By receiving, holding or using the GEE Token, and to the extent permitted by law, the User agrees not to hold any third party (including Related Persons) liable for any regulatory implications or liability associated with or arising from the allocation, ownership or use of GEE token or any other action or transaction related to the Geens project.
The User agrees 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.
The applicable law is the law of the Republic of Lithuania. Any dispute arising out of or in connection with the use of the GEE Token and the development of Geens platform shall be finally settled by the courts of the Republic of Lithuania.