DUE TO COUNTRY-SPECIFIC REGULATIONS, THE BUYING AND SELLING OF FYOOZ COINS AND STAR TOKENS – INCLUDING CARSCOINS – IS CURRENTLY NOT POSSIBLE FOR U.S. RESIDENTS AND CITIZENS.
CarCoin (CARS) is issued and distributed by Ones And Heroes GmbH, Zurich, Switzerland, based on a license from West Coast Customs, Burbank, California, USA. It does not constitute an investment and is not a security. There are other crypto coins or tokens in the market that are either explicitly or implicitly securities, or that are intended to have the characteristics of securities that promise or intend to provide a return to investors in a manner comparable to the types of returns expected by equity investors. However, CarCoin is not such an investment.
The User is expected to buy and hold the CarCoin token in order to gain access to exclusive membership and participation in the programs heretofore described. This means that the CARS token does not represent or constitute any ownership rights or stake, shares or security or equivalent rights with the Seller, and therefore conveys no rights to receive or participate in future profits, revenue streams, proceeds, or other forms of financial gains that are related to these activities. The effective arrangement with regard to the proceeds of the Token sale is specified in the Whitepaper under Tokenomics, whereby West Coast Customs and its affiliates receive a license fee of 250,000 CarCoins.
Furthermore, the CarCoin does not create or confer any enforceable contractual or other obligations against the Seller or Licensor. The User therefore understands and acknowledges that the CarCoin does not, and shall not be construed to, grant to the User any license or right of any nature with respect to any intellectual property rights, rights of publicity, or equivalent rights in or related to the Seller, the Licensor or any of its affiliates.
The User understands and acknowledges that the Seller has the right to add and remove token functionalities at any time at their sole discretion. Since the addition of token functionalities by the Seller and the Licensor is not guaranteed, the User is aware that the CarCoin may not provide the User with any token functionalities whatsoever.
Further, Users should only purchase tokens in such quantities as will actually be used to gain access to membership and/or related programs and activities as described herein within the foreseeable future.
With regards to sweepstakes conducted in connection with the CarCoin Fast Lane Club, no purchase, payment, or donation of any kind is necessary to enter or win. Free participation for airdrops is available on http://bit.ly/Free_Registration_WCC.
The terms on https://www.fyooz.io/terms are also considered applicable here.