Additional Air Jordan (AJ) will be issued by 55.com at 12pm (UTC+8, Singapore Time) on July 18th, 2019.
I. AJ Token Distribution: Round 2: Details
1. Introduction: The AJ tokens issued in the Round 2 distribution are also tied to the Air Jordan’s Jordan 1 Retro High Travis Scott sneakers underlying asset. This round will include the tokenization of 230 of these shoes. This distribution round will issue tokens using the same retail price per shoe of 1,750 AJ for a total of 402,500 AJ sold during this ATO+. The initial price per 1 AJ is still 0.1USDT.
2. Users can redeem their AJ for the underlying asset, the Air Jordan’s Jordan 1 Retro High Travis Scott sneakers. The Air Jordan’s Jordan 1 Retro High Travis Scott sneakers is redeemable for 1,750 AJ tokens.
3. By the Numbers:
Token: Air Jordan (AJ)
Round 2 Total Token (AJ) Amount: 402,500
Round 2 Underlying Assets: Air Jordan’s Jordan 1 Retro High Travis Scott sneakers, 230 count
Expected Listing Volume: 100%
Round 2 Token Release Ratio: 100%
Round 2 Offering Price: 1 AJ = 0.1 USDT
Allocation and Lockup: No Lock-up Period
II. Terms and Conditions
1. Start time: 12pm (UTC+8, Singapore Time), July 18, 2019
The total amount of AJ available during the Round 2 distribution is 402,500. Users can participate in proportionate. It will occur: 12:00-16:00pm (UTC+8, Singapore Time), July 18, 2019.Tokens will be allocated proportionately based on the total amount of subscription.
Individual Tokens Received=(Token Proportional Presold Supply / Total Quantity Oversold) * Individual Purchase
- Total Proportional Presold Supply: The sum of presale tokens in proportional participation
- Individual Purchase: The number of tokens that a single participant requests to purchase
- Token Participation Ratio: Total Proportional Presold Supply / Total Quantity Oversold
- Individual Tokens Received: Token Participation Ratio * Individual Purchase
2. Subscription Token: USDT
3.1 Create a 55.com account(Login).
3.2 Successfully verify your identity with KYC levels L1 and L2. You must receive L1 and L2 approval confirmation via email（KYC）.
3.3 Deposit USDT to your 55.com account for use in the sale(How do I recharge my account?).
4. AJ Distribution and Lockup: After the distribution, participants will receive AJ tokens according to their subscription level and in adherence to the Round 2 distribution terms and conditions. Funds that have not successfully subscribed to the AJ Round 2 distribution and/or over-subscribed funds will be unlocked and returned within 2 hours of token distribution.
III. Transaction Details
Users can trade AJ in the Collectible Exchangeon 55.com once the Round 2 sale is complete and tokens are distributed.
July 11, 2019
1. 55.com ATO transactions are only available to users from regions and jurisdictions where such participation is permitted.
Due to factors such as regional policies and regulations, markets, technology, force majeure or other circumstances, the Token price may fluctuate drastically. All payments are irrevocable and non-refundable
Under no circumstances, shall 55, its officers, agents or anyone else involved in creating, producing or distributing the service be liable for any direct, indirect, incidental, special or consequential damages that result from the use or the inability to use the Service; or that results from mistakes, omissions, interruptions, deletion of files, errors, defects, delays in operation, or transmission or any failure of performance, whether or not limited to acts of God, communication failure, theft, destruction or unauthorized access to our records, programs or services.55 will not be responsible for any damages your business may suffer to the extent permissible by law. We make no warranties of any kind, express, implied, statutory or otherwise for any Service we provide.
3. The Token is a high-risk sale project. Please reasonably assess your own risk tolerance and transact rationally. 55.com does not assume guarantees or liability.No governmental or self-regulatory authority will pass on the merits of the AJ tokens or the adequacy of the information contained herein. Any representation to the contrary is unlawful. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by 55, Air Jordan, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
4. Risk of withdrawal: Due to the underlying technology of Token or the 55.com trading platform, the Token you purchased may not be fully or partially cashed out.
5. The Total ATO+ Tokens Available (402,500 AJ) is subject to reduction by the referral program. In this express scenario, 55 will acquire the tokens on behalf of its qualified referral program beneficiaries and distribute the tokens in accordance with the rules, conditions, and qualifications of the referral program. 55 will not, under any circumstance, keep any AJ tokens as a Company.
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No fraudulent activity, or illegal participation
55 reserves the right to void referrals and rewards earned if we suspect that they were earned in a fraudulent manner, in a manner that violates these terms, or in a manner otherwise not intended by 55. Likewise, you agree that you will not participate in this Program in a threatening, abusive, illegal, or unsportsmanlike manner.
You release us from liability
By participating in the Program, you agree that 55 will have no liability and that you will indemnify and hold 55 harmless for any claim, action, liability, loss, injury, or damage to you or any other person or entity due in whole or in part, directly or indirectly, by reason of your participation in the Program. You will not settle any claim without the prior written consent of 55. Further, you agree that 55 is not responsible for faulty referral links, any error, omission, interruption, defect or delay in transmission, order processing, or communication; technical or mechanical malfunctions; errors in these terms, in any Program-related materials; human-processing error; failures of electronic equipment, computer hardware or software; damage to your equipment, computer hardware or software, or inaccurate information, whether caused by equipment, programming, human error, or otherwise.