Basic Information
according to the Tokens and TT Service Provider Act (TVTG) for the public offering of the $TYT Utility Token. Token Issuer according to TVTG: LCX AG
Date of the Basic Information: January 09, 2024
The Token Issuer, according to TVTG is the company raising funds in the name and for the account of Orasis Studio LLC, a company incorporated in Malaysia, with the seat and correspondence address at Jalan Setia Perdana BC U13/BC, Setia Alam, 40170 Shah Alam, Selangor, Malaysia, accepts responsibility for the contents of this Basic Information and declares that as at the date of this Basic Information, to its knowledge, the information provided is correct and no material circumstances have been omitted. All investments, including Investment in the $TYT Tokens, involve certain risks, including the total loss of invested funds. Potential buyers should read the contents of this Basic Information in its entirety prior to making an investment decision.
LCX AG, Herrengasse 6, 9490 Vaduz, Liechtenstein
represented by Monty C. M. Metzger, CEO
Table of Contents
2.1. WARNINGS
2.2. KEY INFORMATION ON THE ISSUER
2.3. KEY INFORMATION ON THE $TYT TOKEN
2.4. KEY INFORMATION ON THE TOKEN SALE ECONOMICS
3.1. VISION AND MISSION
3.2. Bounty Temple (Orasis Studio LLC)
9.1. Tokens are non-refundable
9.2. Tokens are provided on an “as is” basis
9.3. Risks relating to digital asset networks
9.4. Loss of private keys may render Tokens worthless
9.5. Irreversible nature of blockchain transactions
9.6. Risk of wallet loss, hack or data theft
9.7. Tax Risks
9.7. Disclosure
This document contains Basic Information according to Art. 33 of Tokens and TT Service Provider Act (“TVTG”).
The offering of the $TYT Token (“$TYT” or “Token”) will be carried out by LCX AG (“the Issuer”) in Liechtenstein pursuant to Liechtenstein law on behalf and for the account of Orasis Studio LLC, a company incorporated in Jalan Setia Perdana BC U13/BC, Setia Alam, 40170 Shah Alam, Selangor, Malaysia (“Bounty Temple” or “Orasis Studio”).
LCX AG is regulated by the Financial Market Authority of Liechtenstein under registration No. 288159 as a trusted technology service provider. LCX AG is registered as TT Exchange Service Provider, TT Token Depositary, Token Generator, TT Key Depositary, TT Price Service Provider, TT Identity Service Provider, TT Token Issuer for our own name (Article 12(2) TVTG) and TT Token Issuer for third parties (Article 12(1) TVTG) under the provisions of the TVTG.
Only registered users of the LCX platform (see: https:/LCX.com) are eligible to purchase the Tokens. All buyers must read and accept the Terms of $TYT Token Sale published on the purchasing platform.
Any potential buyer will be subject to all applicable KYC/AML in place at the time of the purchase through LCX AG. Failure to comply with the KYC/AML procedures and routines applicable to the purchase of Tokens shall prevent the purchase of the Tokens or the imposition of sanctions on purchasers, including the freeze of funds, mandatory cancellation or redemption of Tokens or any other measure that the Issuer may deem appropriate to meet the applicable regulatory requirements.
Whether the Token constitutes a suitable investment must be assessed in light of each investor’s own circumstances. Neither this Basic Information nor any marketing material relating to the Basic Information constitutes investment advice, financial advice or any other kind of advice to investors. Investors must make a suitability assessment regarding investments in the Token or consult with the investor’s professional advisors. An investment in the Token is only suitable for investors who have sufficient experience and knowledge to assess risks related to the investment.
The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating. The following Jurisdictions are defined as prohibited countries according to Issuers AML framework in general: Afghanistan, Angola, Bahamas, Barbados, Bangladesh, Bosnia and Herzegovina, Botswana, Burkina Faso, BVI, Cambodia, Cayman Islands, China, Colombia, Cook Islands, Crimea Region, Cuba, Ecuador, Eritrea, Ethiopia, Ghana, Guyana, Iran, Iraq, Jamaica, Kenya, Kosovo, Laos, Lebanon, Libya, Mauritius, Montserrat, Morocco, Myanmar (Burma), Nauru, Nicaragua, North Korea, Pakistan, Palestinian Territory and Gaza Strip, Panama, Papua New Guinea, Samoa, Sao Tome and Principe, Senegal, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tonga, Trinidad and Tobago, Tunisia, Uganda, Vanuatu, Venezuela, Yemen, Zimbabwe.
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR CHINA OR OTHERWISE THAN TO PERSONS TO WHOM IT CAN LAWFULLY BE DISTRIBUTED – THIS TOKEN OFFERING IS AVAILABLE ONLY TO ADDRESSES OUTSIDE OF THE UNITED STATES, CHINA OR OTHER RESTRICTED JURISDICTIONS.
The Issuer has not authorized the making of any offer by any offeror, and the Issuer has not consented to the use of this Basic Information by any other person in connection with any offer of the Basic Information in any jurisdiction.
Any offer made without the consent of the Issuer is unauthorized and the Issuer does not accept any responsibility or liability in relation to such offer or for the actions of the persons making any such unauthorized offer.
This summary is an overview of the subsequent Basic Information.
Potential buyers of $TYT Tokens are urged to read the entire Basic Information.
Participation in the Token Sale involves substantial risks. Participants could lose all or part of the invested capital. Civil liability attaches only to those persons who have tabled the summary including any translation thereof, but only where the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Basic Information.
LCX is a regulated, compliant, and secure blockchain company established in 2018 and headquartered in Vaduz, Liechtenstein.
LCX, LCX.com, the Liechtenstein Cryptoassets Exchange, or LCX AG (hereinafter referred to as “LCX” or “LCX AG”) is a globally-focused financial technology company. LCX AG is established under the jurisdiction of Liechtenstein, with its registered address at Herrengasse 6 in Vaduz, Liechtenstein, 9490 Vaduz. Registered in the commercial register at Vaduz, Liechtenstein with register number: FL-0002.580.678-2 and Legal Entity Identifier (LEI) Number 529900SN07Z6RTX8R418.
As a Trusted Technology Service Provider that is registered under the Blockchain Laws (TVTG), LCX is required to comply with the KYC/AML/CFT standards under the Due Diligence Act and is supervised by the Financial Market Authority in Liechtenstein (“FMA”). The core activities of LCX in accordance with the scope and the definitions of the Lichtenstein Blockchain Act are to offer services as:
LCX is the Token Issuer of $TYT and facilitates the $TYT Token sale. This includes the legal issuance of the $TYT token in LCX’s role as the registered Token Issuer, investor the identification in LCX’s role as TT Identity Service Providers, secure custody in LCX’s role as TT Token Depositary and TT Key Depositary, and listing $TYT at LCX Exchange in LCX’s role as TT Exchange Service Provider.
LCX’s token sale manager and comprehensive crypto compliance suite empowers Bounty Temple to manage the $TYT Token sale in a compliant manner. LCX’s advanced Crypto Compliance Suite comprises Know-Your-Customer (KYC), Anti-Money-Laundering (AML), and Blockchain Analytics (KYT) processes facilitate quick and automated investor onboarding for the private sale and public sale.
The LCX ecosystem consists of LCX Exchange, a regulated centralized exchange for a variety of digital assets, MasterDEX, a powerful DEX aggregator, Tiamonds, real-world diamonds as NFTs.
$TYT is the utility token that powers the Bounty Temple ecosystem. The $TYT
token can be used within the Bounty Temple ecosystem to provide users with discounts
on trading fees, staking rewards, access to new NFTs launches, and the ability to vote on decisions concerning the developments of Bounty Temple
$TYT is used in crafting BTMs, which are required to play Bounty Temple.
Put your $TYT to good use by staking them, thus compounding your earnings using the proof-of-stake model.
$TYT is also the currency used for trading, both in-game and on the open market.
When governance is introduced, $TYT will allow users to vote on future developments of Bounty Temple, thus providing $TYT owners equity in the project.
The $TYT Token will be at the center of the ecosystem, as such we want to ensure that it is widely distributed amongst our community, whilst ensuring that the core team retains some ability to guide development.
Details about the timing and process of the Token Sale will be published at LCX.com and accounts.LCX.com/Token-Sale.
Token sale start date: January 29, 2024
Token sale duration: Until sold out or maximum of 3 months after start of sale.
Token supply: 48,000,000 $TYT Tokens
Private Sale: 2,000,000 $TYT
Public Sale: 200,000 $TYT
Currencies accepted: BTC, ETH, USDC, and EUR.
Token Type: Governance Token
The Bounty Temple Token, called “TYT” for short, is the Governance Token for Bounty Temple. The total amount of “TYT” is finite, with only a maximum of 48M that can be minted from the Treasury.
TOKEN RELEASE STRUCTURE
Private sale has the following vesting structure:
The public sale has the following vesting structure:
To revolutionize the GameFi industry via the visionary Play-to-Earn Evolution (P2EE) model, thus improving sustainability of P2E games and creating a healthier ecosystem where players can earn a viable income while enjoying their favorite games.
1. To design a sustainable GameFi ecosystem
We aim to utilize proprietary algorithms to improve and regulate the economy of Bounty Temple, which is our pilot project featuring the P2EE model. Players will be incentivised to enter and stay in the ecosystem, due to the potential of earning assets that retain their value over time.
Too often, P2E players are only in it for the profits, spending hours a day grinding mindlessly to collect a meager paycheck at the end of the month. We plan to eradicate that culture by creating an enjoyable and easy-to-pick-up game that allows players to earn in as little as 15 minutes a day – and actually enjoy the time they spend playing it.
Symbiotic scholar-manager relationships are ubiquitous in the GameFi world. However, they are often unregulated, leading to problems that may harm the overall player experience and discourage newcomers from entering the space. By creating a centralized and automated scholar ecosystem, we take the hassle and risk out of the interactions, allowing stakeholders to simply sit back and enjoy the benefits.
Bounty Temple will be the first blockchain game to revolutionize the GameFi ecosystem with a new model: P2EE (Play-to-Earn Evolution).
The brainchild of Bounty Temple’s development team, the P2EE model is the world’s first solution to the issues presented by the existing P2E model. The P2EE model is designed to address the current issues surrounding blockchain gaming, thus providing a long-term and sustainable gameplay experience.
Bounty Temple will be the pilot project featuring the P2EE model, with up to 100 games in the pipeline ready to adopt this new model. With its success, we envision that P2EE will change the landscape of GameFi forever.
Please refer to the White Paper for more detailed info about the Bounty Temple roadmap and the $TYT Token.
The $TYT Token qualifies as a utility token pursuant to Liechtenstein’s Act on Token and Trustworthy Technology Service Providers (TVTG).
$TYT Tokens do not constitute any absolute or relative rights at all. $TYT tokens grant absolutely no promise of share in revenue, earnings or any other form of income. This token’s purpose is to act specifically as a utility and to facilitate the governance of the Bounty Temple ecosystem.
Chain: Polygon Chain (MATIC)
Token Ticker: $TYT
The Bounty Temple Token, called “TYT” for short, is the Governance Token for Bounty Temple. The total amount of “TYT” is finite, with only a maximum of 48M that can be minted from the Treasury.
Orasis Studio is financing operations and other costs related to the Bounty Temple components through the $TYT Token Sale. Bounty Temple has created the $TYT Token as a utility token with a long-term incentive model for customers and platform users.
Orasis Studio has chosen LCX to manage and facilitate the $TYT Token Sale. LCX is not responsible and not liable for any business activity of Orasis Studio.
For the purpose of the token sale, Orasis Studio authorized LCX AG to facilitate the public offering through LCX AG on behalf and account of Orasis Studio. For the $TYT Token Sale LCX is also responsible for the investor identification in LCX’s role as TT Identity Service Providers and secure custody in LCX’s role as TT Token Depositary and TT Key Depositary.
After concluding the $TYT Token Sale, LCX will be listing $TYT at LCX Exchange in LCX’s role as TT Exchange Service Provider.
The $TYT Tokens will be publicly offered by LCX AG to the users of the LCX platform.
The $TYT Token does not represent any contractual rights or claims that entitle the Token holder to receive payments or other forms of compensation, or give the Token holder ownership of a legal person, contractual rights or any similar rights.
Token holders cannot request an exchange or redemption of the monetary value vis-à-vis the issuer, LCX, or vis-à-vis Bounty Temple.
Users can subscribe for $TYT Tokens, in the sense of an expression of intent for the purchase of Tokens to be placed on the market, when the public offer begins. If the number of subscriptions reaches the existing quantity of Tokens to be placed on the market by LCX, then LCX completes the public offer and distributes the Tokens to the users who subscribed for them.
Bounty Temple will mint total 48 million $TYT tokens , with 22% distributed to Play to earn game , 22% will be allotted for staking rewards,15% has been reserved for Bounty Temple team members, 10% will be distributed for marketing, 8% has been reserved for the advisors for the community, 0.5% for Airdrops, 4.5% as Reserve & Liquidity, 5% as Ecosystem Treasury, 11% tokens will be distributed for Private sale.
The issue date of the $TYT Tokens will be 29 January, 2024.
The Issuer is not obliged to provide Token holders with a refund for any reason and Token holders cannot request an exchange or redemption of the monetary value vis-à-vis LCX AG or vis-à-vis Bounty Temple.
Tokens will be provided on an “as is” basis. The Issuer and each of their respective directors, officers, employees, equity holders, and affiliates make no representations or warranties of any kind. Digital assets are part of a new and rapidly evolving industry, and the value of $TYT depends on the development and acceptance of this industry.
Extreme volatility in the future could have a material adverse effect on the value of $TYT and $TYT could lose all or substantially all of its value.
Digital asset networks are dependent upon the internet. A disruption of the internet or a digital asset network, such as Ethereum and the Polygon Network (Matic), would affect the ability to transfer digital assets and, consequently, their value. Many digital asset networks face significant scaling challenges and are being upgraded with various features to increase the speed and throughput of digital asset transactions. These attempts to increase the volume of transactions may not be effective.
Banks may not provide banking services, or may cut off banking services, to businesses that provide digital asset-related services or that accept digital assets as payment, which could dampen liquidity in the market and damage the public perception of digital assets generally or any one digital asset in particular, such as Bitcoin, and their or its utility as a payment system, which could decrease the price of digital assets generally or individually.
If a private key is lost, destroyed or otherwise compromised and no backup of the private key is accessible, Token holders will not be able to access the blockchain asset associated with the corresponding address, and the Issuer will not be able to restore the private key.
Transactions involving Tokens that have been verified, and thus recorded as a block on the blockchain, generally cannot be undone. Even if the transaction turns out to have been in error, or due to theft of a user’s Tokens, the transaction is not reversible. Consequently, the issuer is unable to replace missing Tokens or seek reimbursement for any erroneous transfer or theft of Tokens.
The Tokens are held by the investor in wallets, a coded access. If the investor loses this access, there is no way to get to the Token. They will be lost. In particular, the Issuer is neither actually nor legally able to regenerate and issue the Tokens. The same risk exists if a third party succeeds in gaining unauthorized access to the wallet. Also, in this case, where a third-party succeeds in removing and transferring the Tokens from the wallet, the Issuer is not able to issue new Tokens to the investor.
Prospective Token holders must seek their own tax advice in the relevant jurisdictions in connection with acquiring Tokens, which may result in adverse tax consequences, including withholding taxes, income taxes and tax reporting requirements.
LCX is solely acting as a trusted technology service provider for this token sale and is not responsible and not liable for any business activity of Bounty Temple. LCX is getting compensation from Bounty Temple as a success fee and other compensation paid in the project native token and other assets. Monty Metzger is CEO at LCX and advisor to Bounty Temple. From time to time LCX and Monty Metzger will engage in transactions of their own tokens.
Contacts:
For LCX AG,
Herrengasse 6
9490 Vaduz
Liechtenstein
Monty C. M. Metzger, CEO and Member of the Board
For Orasis Studio LLC
No.41-3F, Jalan Setia Perdana BC U13/BC,
Setia Alam, 40170 Shah Alam,
Selangor, Malaysia
Alton Lim – Founder and CEO at Orasis Studio LLC
This Basic Information and the rights and obligations of the investors and the Issuer are governed exclusively by the laws of Liechtenstein excluding the application of International Private Law and the UN Sales Convention. The place of jurisdiction for all disputes arising out of or in connection with the public offering pursuant to this Basic Information shall be the jurisdiction of the Liechtenstein courts.
Should any provisions of this Basic Information, be or become invalid or unenforceable as a whole or in part, the remaining provisions shall remain in force. Any legally ineffective or unenforceable provisions shall be replaced by legally effective and enforceable provisions in accordance with the meaning and purpose of this Basic Information and the Token description, which in their economic effects come as close as legally possible to the legally ineffective or unenforceable provisions.
LCX AG is a company founded in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
