Terms and Conditions for BIDZ Token


Effective Date: October 18, 2024 

1. Introduction


 


Welcome to BIDZ Token, a digital asset issued and operated by BIDZ E-STORE. By purchasing, holding, or transacting with BIDZ Token, you agree to the following Terms and Conditions ("Terms"). These Terms govern the use of BIDZ Token and the associated services provided by BIDZ E-STORE. By engaging in any transactions or activities related to BIDZ Token, you accept that you have read, understood, and agreed to these Terms. If you do not agree with any part of these Terms, you should refrain from purchasing or using BIDZ Token.


 


2. Nature of BIDZ Token


 


BIDZ Token is a digital asset that can be used within the BIDZ E-STORE ecosystem. However, BIDZ Token is not a legal tender, fiat currency, security, or any form of investment product regulated by financial authorities. It does not represent any equity, shares, securities, or any rights to profits or other forms of ownership in BIDZ E-STORE or any affiliated companies.


 


3. Risk Disclaimer


 


Just like any other digital token or cryptocurrency, purchasing BIDZ Token is speculative and involves significant risks. By participating in BIDZ Token transactions, you acknowledge and accept the following


 


 risks:


 



  • Market Volatility: The price of BIDZ Token may fluctuate, and there is no guarantee that the value will increase or retain its current value.

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  • Technology Risks: The blockchain technology supporting BIDZ Token is subject to potential risks, such as

  •  technical failures, hacking, software vulnerabilities, or unforeseen changes in regulations.

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  • Regulatory Risks: Cryptocurrencies and digital tokens operate in an evolving regulatory landscape. New regulations or government actions may negatively impact the use, sale, or value of BIDZ Token.

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You are solely responsible for conducting your due diligence and making your own decisions when buying or selling BIDZ Token. BIDZ E-STORE makes no warranties or representations regarding the future performance or value of BIDZ Token.


 


4. Purchaser's Discretion


 


All purchases of BIDZ Token must be made at the buyer’s sole discretion. By purchasing BIDZ Token, you confirm that:


 



  • You have the knowledge, experience, and understanding to evaluate the risks involved.

  • You have obtained sufficient information to make an informed decision about the transaction.

  • You assume all risks associated with purchasing BIDZ Token and will not hold BIDZ E-STORE, its affiliates, officers, directors, or employees liable for any losses or damages arising from your decision.


BIDZ E-STORE encourages all purchasers to seek independent legal, financial, and tax advice before participating in any BIDZ Token transactions.


 


5. No Guarantees or Promises


 


BIDZ E-STORE does not make any guarantees, warranties, or promises regarding the future value, use, or utility of BIDZ Token. Any statements made by the company, its representatives, or affiliates regarding BIDZ Token are intended for informational purposes only. Such statements do not constitute financial or investment advice, nor do they promise any specific outcomes, profits, or returns on investment.


 


6. Disclaimer of Liability


 


BIDZ E-STORE and its affiliates disclaim all liability for any loss, damage, or harm resulting from the use of, or inability to use, BIDZ Token, including but not limited to:



  • Loss of market value or price of BIDZ Token.

  • Losses due to technical or operational failures of the blockchain, wallet services, or smart contracts associated with BIDZ Token. Regulatory or legal changes affecting the status of BIDZ Token. Any unauthorized access to, or theft of, BIDZ Token from your digital wallet. You are solely responsible for safeguarding your digital wallet and private keys used to access or  BIDZ Token

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7. Taxes


 


It is your responsibility to comply with any applicable tax laws and regulations related to the purchase, sale, or holding of BIDZ Token. BIDZ E-STORE does not provide tax advice, and you are encouraged to consult with a tax professional to understand your obligations.


 


8. Transferability and Ownership


 


BIDZ Token is transferable to other users or wallets, subject to the technical and security features of the underlying blockchain network. Ownership of BIDZ Token is determined by possession of the private key associated with the relevant wallet. BIDZ E-STORE cannot recover lost or stolen tokens due to lost private keys or unauthorized access.


 


 


9. Termination or Suspension of BIDZ Token


 


BIDZ E-STORE reserves the right to modify, suspend, or discontinue the issuance or use of BIDZ Token at any time, without prior notice, and for any reason. In such cases, BIDZ E-STORE shall not be liable for any resulting losses or damages.


 


10. Changes to Terms and Conditions


 


BIDZ E-STORE reserves the right to modify or update these Terms at any time. Any changes will be effective immediately upon posting on the official BIDZ E-STORE website or through other official channels. It is your responsibility to review these Terms periodically to stay informed about any changes.


 


11. Jurisdiction and Governing Law


 


These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which BIDZ E-STORE is incorporated. Any disputes arising from these Terms or your use of BIDZ Token shall be subject to the exclusive jurisdiction of the courts in that jurisdiction.


 


12. Final Remarks


 


The purchase of BIDZ Token is a voluntary, speculative transaction, and BIDZ E-STORE does not provide any guarantees or assurances regarding the future value or utility of the token. By participating in BIDZ Token transactions, you acknowledge and accept full responsibility for your actions and decisions.


BIDZ E-STORE may share information about its business operations, future plans, and updates related to BIDZ Token; however, any such statements are purely informational. They should not be interpreted as financial advice or as a solicitation to buy or sell BIDZ Token.


 


13. Contact Information


 


If you have any questions or concerns regarding these Terms or BIDZ Token, you may contact us through the official channels provided on the BIDZ E-STORE website.


By purchasing or transacting with BIDZ Token, you agree to these Terms and Conditions.




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