Terms and Conditions

These Terms and Conditions (the “Terms”) constitute a legal agreement between you and ReduX Technologies AG of Leopoldstrasse 13, 6210 Sursee LU (hereinafter “ReduX”, “we”, “us” or “our”) governing the use of our Platform and our Services. We license use of our Platform to you on the basis of these Terms. We do not sell our Platform to you, and we remain the owner of our Platform at all times.

1. Terms of use


The provisions set out in these Terms govern your access to and your use of our Platform and shall constitute a legally binding agreement between you and us. We may change such terms from time to time and shall notify you accordingly if we do. If you do not agree to such terms, you must not use our Platform


Subject to you agreeing to abide by these Terms, we hereby grant to you a revocable, non-exclusive and non-transferable license to use our Platform on these Terms.


By registering for an Account, which involves providing us with certain mandatory and voluntary information as required for a successful registration and using our Platform, you agree and acknowledge that:

    • you have read the terms set out in these Terms and agree to be bound by and comply with them; and
    • you shall ensure that all Users of your Account abide by these Terms.


You are responsible for maintaining the confidentiality of your Account and you are responsible for all activities that occur under your Account. You agree that all actions carried out by any person through your Account shall be deemed to be an act carried out by you, and you shall ensure that all persons who have access to and use your Account are authorised to do so. We are not responsible for any loss, damage or liabilities arising as a result of or in connection with the wrongful, fraudulent or illegal use of your Account.


We reserve the right to, without any notice, explanation, or liability and in our sole discretion, refuse to allow you or suspend your access to our Platform or your Account at any time, or remove or edit content on our Platform or on any of our affiliated websites.


We reserve the right to change, modify, suspend or discontinue any portion of the Services, our Platform or any other products, services, affiliated websites and/or other software provided by us in connection with any of the foregoing at any time. You agree that access to or operation of any of the foregoing may from time to time be interrupted or encounter technical difficulties


Save to the extent permitted by us in writing, you are not permitted to use, or submit any content to, our Platform or any of our affiliated websites to advertise, promote or market any products or services of any third party or yourself.


The following additional terms also apply to your use of our Platform and form part of these Terms:



In order to fundraise ReduX is planning to conduct a Token sale (“Initial Coin Offering”, “ICO”) starting in 4th quarter of 2022. In addition, ReduX may or may not offer Token pre-ICO, for limited time and volume.


By transferring supported crypto currencies to the ReduX address in exchange for ReduX Token, the Purchaser confirms to understand and accept that he/she makes a contribution into ReduX Technologies AG System for the development of the project, as described in the ReduX Whitepaper.


The Purchaser understands and accepts that while the individuals and entities, including ReduX, assigned to this task will make reasonable efforts to develop the ReduX Technologies AG System, it is possible that such development may fail or become useless, and purchaser’s ReduX Token become useless and/or valueless due to technical, commercial, regulatory or any other reasons.


The Purchaser understands that there are serious risks connected with buying cryptocurrency, such as heavy fluctuations of virtual or actual currency values, which in turn may lead to total loss of currency over short or long periods


The Purchaser acknowledges and understands that the Token have no warranty whatsoever, expressed or implied, to the extent permitted by Applicable Law and accordingly that Token are purchased on an “as is” basis.


The Purchaser also understands that ReduX will not provide any refund of the purchase price for Token under any circumstance.


The Purchaser further agrees to accept sole and exclusive risk for the purchase of Token through the ReduX Technologies AG System. The Purchaser recognizes that the ReduX Technologies AG System is currently being developed and may undergo significant technical and functional changes before release.


In order to reduce the possibility of fraud, phishing attempts and other schemes perpetrated by malicious third parties, the Purchaser agrees not to respond directly to any inquiry regarding its purchase of Token, including but not limited to email requests purportedly coming from ReduX


The Purchaser understands that ReduX may send the Purchaser emails from time-to-time, but these email notices will never ask for information or require a response from the Purchaser.


The Purchaser recognizes that ReduX does not warrant the period of time for which the ReduX Technologies AG System will be operational. ReduX for a number of reasons, including a lack of interest from the public, a lack of funding or competing service providers that seek to develop similar products, may abandon the ReduX Technologies AG System and use competitor’s services built on the same underlying protocol and open source technology.


The Buyer acknowledges that the Tokens will be tradable at the Buyer's discretion between the time the Tokens are purchased through the Token Sale and the time the ReduX Technologies AG System goes live.


By purchasing the ReduX Token, the Purchaser confirms that he/she:

    • Is legally permitted to purchase Token in the Purchaser’s jurisdiction;
    • Is of a sufficient age to legally purchase Token or has received permission from a legal guardian who has reviewed and agreed to these Terms and the Sale Agreement
    • Will take sole responsibility for any restrictions and risks associated with the purchase of Token as set in the Terms;
    • Is not exchanging supported crypto currencies for Token for the purpose of speculative investment;
    • Has a full and complete understanding of the usage and intricacies of Blockchain-based assets, and Blockchain-based software systems.
    • Is not a citizen of the United States of America and India


After purchasing ReduX Token, the Purchaser becomes a Token Holder. Every Token Holder becomes part of the funding system organized by the ReduX Technologies AG System and is entitled to:

    • Trade ReduX Token with other Users.



We will determine, in our discretion, whether there has been a breach of these Terms through your use of our Platform. When a breach of these Terms has occurred, we may take such action as we deem appropriate


Failure to comply with these Terms constitutes a material breach of the terms of use upon which you are permitted to use our Platform, and may result in our taking all or any of the following actions:

    • immediate temporary or permanent withdrawal of your right to use our Platform;
    • immediate temporary or permanent removal of any Contribution;
    • issuance of a warning to you;
    • legal proceedings against you for reimbursement of all costs on an indemnity basis (including but not limited to reasonable administrative and legal costs) resulting from the breach;
    • further legal action against you; and/or
    • disclosure of such information to law enforcement authorities as we reasonably feel is necessary.


We exclude liability for actions taken in response to breaches of these Terms. The responses described in these Terms are not limited, and we may take any other action we reasonably deem appropriate.



You irrevocably and unconditionally represent and warrant that any of your content uploaded to our Platform complies with our Privacy Policy, the GDPR and any other applicable laws.


You are fully responsible for your content uploaded to our Platform. We will not be responsible, or liable to any third party, for:

    • the content or accuracy of any content or data uploaded by you, by us on your behalf, or any other user of our Platform; or
    • the loss of any content or data provided to us by you. You should keep a record of all such content and data.


We will only use the content uploaded by you for the purposes of carrying out the Services, carrying out our obligations in this Agreement and any other purpose expressly set out in this Agreement or otherwise agreed between us. We will not otherwise disclose or distribute the content uploaded by you, save for when required by law, a court of competent jurisdiction or any governmental or regulatory authority.


We may use the content uploaded by you for the purpose of data analytics or to implement artificial intelligence or machine learning. Any such content shall be anonymized and used only for the purposes of improving the Services and our response to users of the Platform.


We have the right to disclose your identity to any third party claiming that any content posted or uploaded by you to our Platform constitutes a violation of their rights under applicable law.



You may use our Platform only for lawful purposes. You may not use our Platform:

    • in any way that breaches any applicable local or international laws or regulations;
    • in any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;
    • to send, knowingly receive, upload, download, use or re-use any material which does not comply with our content standards as set out in our prevailing terms and conditions as amended from time to time; and
    • to knowingly transmit any data, send or upload any material that contains viruses, Trojan horses, worms, time-bombs, keystroke loggers, spyware, adware or any other harmful programs or similar computer code designed to adversely affect the operation of any computer software or hardware.


You also agree:

    • not to reproduce, duplicate, copy or re-sell any part of our Platform in contravention of the provisions of our Terms; and
    • not to access without authority, interfere with, damage or disrupt:
    • any part of our Platform;
    • any equipment or network on which our Platform is stored;
    • any software used in the provision of our Platform; or
    • any equipment or network or software owned or used by any third party



You acknowledge that all intellectual property rights in our Platform anywhere in the world belong to us, that rights in our Platform are licensed (not sold) to you, and that you have no rights in, or to, our Platform other than the right to use them in accordance with these Terms.


Any intellectual property rights in content uploaded by you to our Platform shall continue to belong to you or their respective owners. You agree that you grant us a royalty-free and non-exclusive license to use, reproduce, publish and display such intellectual property rights for the purposes of performing the Services, promotional purposes, internal administrative purposes and any other purposes set out in these Terms, including for the purpose of improving the Services and our responses to users of the Platform.


You acknowledge that you have no right to have access to our Platform in source code form.


Save for internal distribution amongst your employees and persons authorised by you for your internal business purposes and any other purposes contemplated under these Terms or the Platform, you must not modify the paper or digital copies of any materials you have printed off or downloaded from our Platform in any way and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.


Our status (and that of any identified contributors) as the authors of content on our Platform must always be acknowledged.


You must not use any part of the content on our Platform for commercial purposes not specified on our Platform without obtaining a license to do so from us or our licensors.



For the purposes of applicable data protection legislation, ReduX will process any personal data you have provided to us in accordance with our Privacy Policy available on the ReduX website or on request from ReduX


You agree that, if you have provided ReduX with personal data relating to a third party (1) you have in place all necessary appropriate consents and notices to enable lawful transfer such personal data to ReduX and (2) that you have brought to the attention of any such third party the Privacy Policy available on the ReduX’s website or otherwise provided a copy of it to the third party.


You agree to indemnify ReduX in relation to all and any liabilities, penalties, fines, awards or costs arising from your non-compliance with these requirements.



While we make all efforts to maintain the accuracy of the information on our Platform, we provide the Services, Platform and all Related Content on an “as is” and “as available” basis, unless otherwise specified in writing. We make no representations or warranties of any kind, express or implied, as to the operation of any of the foregoing, unless otherwise specified in writing.


To the full extent permissible by law, we disclaim all warranties, express or implied, relating to our Platform or any Services, including but not limited to implied warranties of merchantability and fitness for a particular purpose. We do not warrant that the Services, our Platform, the Related Content, or electronic communications sent by us are free of viruses or other harmful components.



We are not liable for the completeness, accuracy or correctness of any information uploaded on our Platform and any Related Content. You expressly agree that your use of the Services and our Platform is at your sole risk.


You agree not to use the Services, our Platform and the Related Content for any re-sale purposes, and we have no liability to you, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, arising under or in connection with these Terms (including but not limited to the use of, or inability to use, the Services, our Platform or any other website or software) for:

    • loss of profits, sales, business, or revenue;
    • business interruption;
    • loss of anticipated savings;
    • loss or corruption of data or information;
    • loss of business opportunity, goodwill or reputation; or
    • any other indirect or consequential loss or damage


Nothing in these Terms shall limit or exclude our liability for:

    • death or personal injury resulting from our negligence;
    • fraud; and/or
    • any other matter in respect of which we are prohibited under applicable law from limiting or excluding our liability.


Our Platform is not intended to serve a record-keeping function and we shall not be liable for any loss of data or content.


These Terms set out the full extent of our obligations and liabilities in respect of the supply of the Services and our Platform. Except as expressly stated in these Terms, there are no conditions, warranties, representations, or other terms, express or implied, that are binding on us. Any condition, warranty, representation, or other term concerning the supply of the Services and our Platform which might otherwise be implied into, or incorporated in, these Terms whether by statute, common law or otherwise, is excluded to the fullest extent permitted by law.


You agree to indemnify and hold us, our related corporations, and our respective directors, officers, employees, agents and representatives, independent contractors, licensees, successors and assigns harmless from and against all claims, losses, expenses, damages and costs (including but not limited to direct, incidental, consequential, exemplary and indirect damages), and reasonable legal fees, resulting from or arising out of your act, default or omission, whether in your use of our Platform, Services, and/or any websites or software in relation thereto or otherwise, and whether in respect of your breach of these Terms or any laws or regulations or otherwise.



This Agreement and any agreements, notices or other communications contemplated thereby may be transmitted by means of electronic systems, in which case signatures shall be deemed to be original. The transmission of this Agreement by the user by electronic means shall be deemed to confirm the user has retained a true copy of the Agreement.


We may transfer our rights and obligations under these Terms to another organization, but this will not affect your rights or obligations under these Terms.


You may only transfer your rights or your obligations under these Terms to another person if we agree in writing.


No joint venture, partnership or agency or employment relationship has arisen by reason of these Terms.


These Terms and any document expressly referred to in it constitutes the entire agreement between us regarding their subject matter, and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations, and understandings between us, whether written or oral, relating to that subject matter. You agree that you shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in these Terms, or any document expressly referred to in it. You agree that you shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in these Terms or any document expressly referred to in it.


If we fail to insist that you perform any of your obligations under these Terms, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you and will not mean that you do not have to comply with those obligations. If we do waive a default by you, we will only do so in writing, and that will not mean that we will automatically waive any later default by you.


All or any disputes arising out or touching upon or in relation to the Terms including the interpretation and validity of the Terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be settled through the adjudicating officer appointed.


Each of the conditions of these Terms operates separately. If any court or competent authority decides that any of them are unlawful or unenforceable, the remaining conditions will remain in full force and effect.


These Terms, its subject matter and its formation, and any other disputes or claims in connection therewith, are governed by the law of Switzerland. In the event of any such disputes or claims in connection with these Terms, you agree to first engage in good faith discussions with us to resolve such dispute or claim. If such dispute or claim is not resolved within sixty (60) days, we both irrevocably submit to the exclusive jurisdiction of the courts of Switzerland.

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