BEFORE ATTENDING ANY PURCHASE OF WSDM TOKENS PLEASE READ THIS DOCUMENT AND THE PROJECT LITEPAPER CAREFULLY. THIS DOCUMENT DOES NOT REPLACE THE EXPERT ADVICE OF A BANKER, LAWYER OR TAX ADVISOR REGARDING PURCHASE OF WSDM TOKENS. NO REPRESENTATION OR WARRANTY IS MADE AS TO WHETHER, OR THE EXTENT TO WHICH, THE WSDM TOKENS PURCHASE IS LEGAL FOR TOKEN RECIPIENTS FROM COUNTRIES WHERE THOSE ACTIVITIES ARE RESTRICTED.
BY ACCEPTING THESE TERMS OR RECEIVING ANY WSDM TOKENS, YOU AGREE TO BE LEGALLY BOUND BY THESE TERMS AND ACKNOWLEDGE THAT YOU HAVE CAREFULLY REVIEWED THESE TERMS AND FULLY UNDERSTAND THE RISKS, COSTS, AND BENEFITS OF PURCHASING WSDM TOKENS. IF YOU ARE IN ANY DOUBT AS TO THE NATURE OF THIS TOKEN ISSUANCE, THE RISKS INVOLVED OR THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL ADVISOR.
WSDM TOKENS DO NOT CONSTITUTE SECURITIES PURSUANT TO LIECHTENSTEIN AND EUROPEAN UNION LAW. DEPENDING ON THE RESIDENCE OF THE TOKEN RECIPIENT, SUCH QUALIFICATION MAY BE ALTERED FUNDAMENTALLY. ANY TOKEN RECIPIENT IN PARTICULAR FROM OUTSIDE OF THE EUROPEAN UNION SHOULD CONSULT THEIR LEGAL ADVISORS REGARDING SUCH MATTERS PRIOR TO ANY WSDM TOKENS PURCHASE.
THESE TERMS SHALL IN NO WAY BE CONSIDERED TO CONSTITUTE A PROSPECTUS, A SOLICITATION FOR INVESTMENTS IN WSDM TOKENS OR INVESTMENT ADVICE BY ANY MEANS.
DUE TO THE LEGAL NATURE OF TOKENS IN GENERAL THERE ARE CERTAIN RISKS ASSOCIATED WITH WSDM TOKENS WHICH ARE DESCRIBED HEREIN. BY ACCEPTING THESE TERMS AND CONDITIONS (HEREINAFTER “TERMS“), TOKEN RECIPIENTS AGREE TO BE PROPERLY INFORMED ABOUT ALL POSSIBLE RISKS ARISING FROM THIS TOKEN OFFERING. THESE TERMS MIGHT CONTAIN BINDING WAIVERS WHICH – IF APPLICABLE TO THE INDIVIDUAL TOKEN RECIPIENT MIGHT AFFECT HIS LEGAL RIGHTS. IF THE TOKEN RECIPIENT DOES NOT AGREE TO THESE TERMS AS STATED BELOW, HE SHALL NOT PARTICIPATE IN THE TOKEN OFFERING.
The following Terms constitute a binding agreement between LCX AG and the individual participant in the WSDM Token sale (hereinafter “Token Sale“).
The offering of the WSDM Token (“WSDM Token” or “Token”) is carried out by LCX AG (“the Issuer”) on behalf and for account of Wisdomise, a company incorporated in switzerland, registered with swiss commercial register under registration number CHE 454- 458-402 with seat and correspondence address in 6340 BAAR CH (“Wisdomise”)
Subject of this Token Offering will be the transfer of tokens (hereinafter “WSDM Token“) in the form of an ERC-20 token on the Ethereum Blockchain. The WSDM Token will be transferred to the Token Holder (hereinafter “Token Holder” or “Token Recipient“) at LCX token sale online platform. Token Issuer and Token Recipient shall hereinafter be referred to as “Parties”.
LCX AG is offering (hereinafter the “Offering” or “Token Offering“) up to a maximum of 21,333,333 (Twenty-one million three hundred thirty-three thousand three hundred thirty-three) WSDM Tokens via private and public sale to the market. The total supply of WSDM tokens is 1,000,000,000 (one billion).
BY ACCEPTING THESE TERMS OR RECEIVING ANY WSDM Tokens, YOU AGREE TO BE LEGALLY BOUND BY THESE TERMS AND ACKNOWLEDGE THAT YOU HAVE CAREFULLY REVIEWED THESE TERMS AND FULLY UNDERSTAND THE RISKS, COSTS, AND BENEFITS OF PURCHASING WSDM TOKENS. IF YOU ARE IN ANY DOUBT AS TO THE NATURE OF THIS TOKEN OFFERING, THE RISKS INVOLVED OR THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR ADVISORS. IF YOU HAVE NOT READ OR DO NOT AGREE WITH THE TERMS STATED IN THIS DOCUMENT, DO NOT PURCHASE WSDM Tokens.
The Basic Information according to Art. 33 of Tokens and TT Service Provider Act (“TVTG”) can be accessed online at
(Basic Information)
The WSDM Token official website and litepaper can be accessed here:
https://whitepaper.wisdomise.com/
In case questions arise regarding these Terms respectively the Token Offering in general, feel free to contact the Token Issuer anytime by eMail at:
Potential purchase of WSDM Tokens should be conducted by individuals or legal entities that have profound experience with, and understanding of the usage and intricacies of distributed ledger technology, blockchain-based software systems and applications, including and in particular the Ethereum Blockchain and tokens.
Even though LCX AG will do its best to assist its customers where it will be necessary and asked for, it is not liable for any losses of tokens due to actions exclusively performed by the Token Recipient. It is therefore up to the sole discretion of the Token Recipients to assess their capability to be able to perform all steps necessary to receive the WSDM Tokens. By accepting these Terms, the Token Recipient acknowledges to satisfy the aforementioned requirements.
As further described herein and permitted by Liechtenstein law, by participation in the WSDM Token Offering by purchasing the WSDM Tokens, the Token Recipient agrees to not hold the Token Issuer or its respective past, present, and future employees, officers, directors, contractors, consultants and/or equity holders liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected to the Token Offering.
Table of Content
Considering the recitals above, the Parties agree as follows:
Terms Acceptance
These Terms become effective by the time the Token Recipient checks the respective boxes concerning the acceptance of these Terms and by clicking the accept button next to “I have read the Basic Information and accept the Terms of Token Sale.” on the token sale page at https://accounts.LCX.com/token-sale.
This document contains relevant terms and conditions that govern the purchase and usage of WSDM Tokens. These Tokens are unique ERC-20 tokens programmed using smart contract systems and compatible with the Ethereum blockchain.
Issuer of the WSDM Tokens is LCX AG, a Liechtenstein registered company by shares that holds all relevant registrations required by Liechtenstein law, particularly the Liechtenstein act on Tokens and Trustworthy Technologies (hereinafter the “Liechtenstein Blockchain Act” or “TVTG”). The offering of the WSDM Token is carried out by LCX AG on behalf and for account of the Wisdomise, a company incorporated in switzerland, registered with swiss commercial register under registration number CHE 454- 458-402 with seat and correspondence address in 6340 BAAR CH (“Wisdomise”)
The Wisdomise Litepaper concerning Wisdomise and WSDM Token is publicly available at https://whitepaper.wisdomise.com/
Expressed reference is made to the Basic Information according to Art. 33 TVTG being an integrated part of the Terms, which has been published here and submitted to the Financial Market Authority Liechtenstein with respective notification:
Wisdomise is an all-in-one, AI-powered platform offering users curated intelligence and exposure to investment opportunities in digital assets (to begin with) and later other financial markets. Achieving this goal will be one step ahead towards “democratizing wealth creation”, improving financial inclusion globally and making everyone a better investor. At Wisdomise, we know that this is a big vision and needs the support of the community of our users and ecosystem partners to achieve it.
VISION AND MISSION
Access to financial products, especially investment and wealth management opportunities, is far from being inclusive these days. Many people are still completely unbanked and among those who are banked, only a small fraction have access to structured financial products and passive investment opportunities. This is primarily due to a number of key factors. First of all, the current structure of financial markets presents substantial (capital and regulatory) barriers to entry for potential participants therein. Furthermore, profitable, risk-controlled investment would require specialised skill sets, significant time and dedication, and access to more and better sources of information (and these are surely not given for most people).
Moreover, the abundance of (structured and unstructured) sources of data and multiplicity of actors and factors that influence financial markets make it certainly impossible for individuals to outperform (at least, without the serious assistance of the relevant technologies).
Last but not least, the hyperdynamic and fast changing nature of the financial markets necessitates the need for constant learning and adaptation, which is beyond the capacity of most investors, especially the less active and professional ones. These challenges lead to wealth management becoming a full-time job on its own, an exclusive club for a few, and a big dream for the masses.
The problem at hand can be tackled in different ways and we, at Wisdomise, aim to solve it from three angles:
(1) reducing information asymmetry and knowledge gaps by offering well-curated and structured intelligence to our users.
(2) enabling the “wisdom of crowds” for the benefit of crowds.
(3) leveraging advanced technologies, in particular Artificial Intelligence (AI) and Conversational Finance (CF), to facilitate better and more profitable exposure to financial markets.
Aiming to build a more universal solution, we target three broad categories of users on the Wisdomise platform:
(1) finance/crypto enthusiasts who are interested and/or curious about financial markets/assets and constantly follow them.
(2) passive investors who invest in financial markets without necessarily taking an active role in them by trusting other parties.
(3) active investors who participate more actively in financial markets and attempt to reap supernormal profits out of them.
Wisdomise has something to offer for each of these categories.
For finance enthusiasts, we offer a variety of information sources, typically synthesised and visualised in a more engaging and informing manner. Examples include news, market sentiments, and educational content.
For passive investors, we offer a series of proven financial products, developed by Wisdomise itself or third-party developers on the platform, potentially generating passive income for these investors.
For active investors, we offer specialised tools and data, such as premium signals and indicators, portfolio optimization, and real-time strategy building and backtesting features.
By registration and participation in this Token Offering, the Token Recipient warrants to provide accurate, current and complete information about his identity, residence, source of funds and further information that is or might become relevant. The Token Issuer may demand additional information during the course of the Token Recipients ownership of WSDM Tokens.
In order to validate the information provided by the Token Recipient, LCX AG may submit inquiries including but not limited to commercial databases, population registers or other data provided by governmental agencies or accredited data vendors.
Any data provided by the Token Recipient during or as part of the Token Offering will be processed and stored in accordance with the applicable Liechtenstein data protection laws. Any personal data will not be processed in a way that is incompatible with these laws. The provisions of Article 30 of the Data Protection Act and Article 15 General Data Protection Regulation (“GDPR”) apply to the right to information.
Please refer to LCX AG’s Privacy Policy for further details (https://www.lcx.com/privacy-policy/).
The primary business model behind Wisdomise is a hybrid Freemium model: select free features, together with premium features on a flat-fee subscription, and (later) an option to opt for profit-sharing instead of subscription for most of the features. Subscriptions and/or profit shares can be paid out in fiat, stables, and (soon) WSDM. As a multi-utility service token, WSDM turns Wisdomise into an evolving ecosystem (of partners) from its initial platform structure. Below table summarizes the key utilities of the WSDM token (and we keep listening to the voice of our community and adding to this list).
At the very heart of how we have designed WSDM tokenomics lies a virtuous cycle or self-reinforcing flywheel: the more and better features or use-cases Wisdomise or its ecosystem partners add to the platform, the more value it can potentially generate for the users, leading to more users joining the ecosystem. The more users joining the ecosystem, the more it becomes attractive and value-generating for new users to join (i.e. network effects due to the open, multi-sided platform structure of Wisdomise).
| Category | Utility |
| Staking Rewards | Instead of paying for Wisdomise’s subscriptions, token holders can opt to stake a minimum number of $WSDM tokens (depending on the subscription tier of interest) and enjoy free access for as long as they hold up their stake |
| Reduced Charges | Token holders benefit from reduced trading fees, API access fees, and other payable services (B2C and B2B) of the platform |
| Exclusive Access | With a minimum number of tokens, $WSDM holders enjoy early (and usually exclusive) access to new releases, advanced features, premium strategies, and specific components of the Wisdomise platform (and, potentially, its ecosystem partners) |
| Private Channels | With a minimum number of tokens, users and community members benefit from certain, privileged channels and events, such as private events, investment talks, pro newsletters including weekly market watch, and invite-only channels |
| Loss Protection | As an insurance mechanism, users can stake (and/or pay) a certain number of $WSDM tokens (in tiers) and enable some sort of (partial) loss recovery on their passive investments |
| Protocol Fees | When/if Wisdomise becomes an open protocol with third-party developers building (d)Apps on it, $WSDM will be used as the main (and potentially only) currency for the payment of the protocol fees |
In return, the more users benefiting from the platform’s real-time value, the more they tend to buy and hold WSDM tokens not only to save on their immediate costs but also to participate in the future promises of the platform. The more users buy WSDM token either as an investment vehicle or service utility, the more valuable it becomes (due to its finite supply), making it even more attractive as an investment opportunity. The more platform features or ecosystem partners, the more interest to buy and hold WSDM tokens as well (and the other way round).
Last but not least, the more token holders, the higher the number of them trying out the Wisdomise platform and turning into active users over time. This is how the self-reinforcing flywheel kicks in: from active users (i.e. product adoption) to token holders (i.e. active wallets) and vice versa, from token holders to active users.
TOKEN RELEASE STRUCTURE
Private sale participants are divided into three different vesting schedules depending on their entry point and price:
The public sale has the following vesting structure:
Listing means “the listing day of the $WSDM token on LCX Exchange.”
Any of these parameters may be changed any time at the sole discretion of the Project Team to the extent allowed by Liechtenstein law by up-dating information in the Litepaper and at the Project homepage: https://wisdomise.com/en
Purchase price will be accepted in USDC or EUR.
All purchases of WSDM Tokens are final. Respective purchases are non-refundable. By accepting the Terms, the potential Token Recipient acknowledges that the Token Issuer and Wisdomise are not required to provide a refund for any reason besides the ones stated by Liechtenstein law.
Tokens are provided on an “as is” basis: Tokens will be provided on an “as is” basis. The Token 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 WSDM depends on the development and acceptance of this industry. Extreme volatility in the future could have a material adverse effect on the value of WSDM and WSDM could lose all or substantially all of its value.
In order to participate in the Token Sale the Token Recipient must comply with the following requirements:
Generally, every person complying with the list mentioned above is eligible to participate in the Token Sale and purchase WSDM Tokens.
However, if any person features criteria mentioned below, he/she will be excluded from participation:
The participation process looks as follows:
The participation process may be amended pursuant to Section XVI. of these Terms upon obtained experience from previously conducted auctions due to for instance network congestion or other technical challenges.
The Token Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Token Issuer. In particular, restricted jurisdictions are the United States of America, 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 Token Issuer has the right to amend the lists of restricted countries at any time and at its sole discretion. Depending on the Token Recipient’s country of residence, the legal assessment of the WSDM Token may be changed fundamentally upon respective amendments of domestic legislation. It is up to the Token Recipient to keep track of such changes. The Token Issuer is not liable for any mutations in the legal assessment of the Token arising from any developments in domestic legislations within the countries of the above-mentioned list.
Countries which are stated in the above-mentioned lists are restricted countries. The Token Issuer is not liable for any changes in the legal assessment pursuant to a certain national legislation of a restricted country that turned applicable due to the Token Recipient’s relocation. In such cases, the Token Recipient must keep track of the above-mentioned list of non-restricted countries.
The Token Recipient shall not participate in the Token Offering if there are applicable legal restrictions in his country of residence or domicile. It is his sole responsibility to ensure that the participation in the Token Offering is not prohibited under the applicable legal restrictions in his country of residence or domicile.
The purchase of Tokens during the Token Auction is final. Purchases cannot be cancelled and purchases cannot be refunded, except as provided in these Terms or as may be required by applicable law.
The Token Issuer has the right to reject the Token Recipient’s offer to purchase WSDM Tokens, in whole or in part, without giving a reason for the rejection. Under those circumstances, the cryptocurrency, fiat or other payment submitted will be returned in the manner they were received.
The Token Recipient acknowledges and agrees that, to the fullest extent permitted by Liechtenstein law, the disclaimers of liability contained herein apply to all damages or injury whatsoever caused by or related to:
LCX AG cannot be held liable for any misinformation provided by the Token Recipient. In particular, the Token Issuer may not be held liable for any loss of WSDM Tokens due to:
The Token Issuer’s aggregate liability in tort, contract or otherwise, arising out of or in connection with the use, receipt or holding of WSDM Tokens is limited to the amount paid by the Token Holder for the receipt of the Token.
By agreeing to these Terms and accessing the Service, you agree, to the fullest extent permitted by applicable law, to indemnify, defend, and hold harmless LCX, and our respective past, present, and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors, and assigns (individually and collectively, the “LCX Parties”), from and against all actual or alleged claims, damages, awards, judgments, losses, liabilities, obligations, penalties, interest, fees, expenses (including, without limitation, attorneys’ fees and expenses), and costs (including, without limitation, court costs, costs of settlement, and costs of pursuing indemnification and insurance), of every kind and nature whatsoever, whether known or unknown, foreseen or unforeseen, matured or unmatured, or suspected or unsuspected, in law or equity, whether in tort, contract, or otherwise (collectively, “Claims”), including, but not limited to, damages to property or personal injury, that are caused by, arise out of or are related to (a) your use or misuse of the Service, content, NFTs, or content linked to or associated with any NFTs (b) any Feedback you provide, (c) your violation or breach of any term of these Terms or applicable law, and (d) your violation of the rights of or obligations to a third party, including another user or third-party, and (e) your negligence or wilful misconduct. You agree to promptly notify LCX of any Claims and cooperate with the LCX Parties in defending such Claims. You further agree that the LCX Parties shall have control of the defense or settlement of any Claims.
Tokens are non-refundable: The Issuer is not obliged to provide Token Recipients with a refund for any reason and Token holders cannot request an exchange/redemption of the monetary value vis-à-vis LCX AG or vis-à-vis Wisdomise (Gamebop GmbH) to the extent possible under Liechtenstein law.
Furthermore, in any of the cases set forth in Section X. of these Terms, Token purchase price refunds are foreclosed. All cases under this part of the Terms constitute circumstances that are due to the fault of the Token Recipient. The Token Recipient must ensure that it has the necessary assets and provides the Token Issuer with the correct information.
These Terms constitute the entire agreement between the Token Recipient and the Token Issuer relating to the purchase and sale of Tokens. This agreement replaces all formerly closed agreements (disregarding of orally or written) relating to the Token Offering.
The failure of the Token Issuer to enforce or to exercise any rights or claims under these Terms shall not be construed as a waiver of such rights. The Token Issuer’s express waiver of any rights or claims under these Terms shall not be deemed to be a waiver of any future obligation to comply with such provisions unless such waiver was expressly stated by the Token Issuer. Additionally, any such waiver, representations, statements, consents or other acts (may they be orally or in written) shall have the effect of a modification of these Terms.
The Token Recipient represents and warrants to the Token Issuer that:
These Terms are exclusively in force between the Token Issuer and the Token Recipient. Any assignment or transfer of rights, claims or obligations pursuant to these Terms in violation of this section shall be deemed to be void. The Token Issuer may transfer and/or assign rights, claims, obligations or others to an affiliated entity at any time at its sole discretion without the prior consent of the Token Holder. If any transfers take place in violation of this section, they shall neither have any effect or impose any obligation vis-à-vis the Parties to these Terms.
The Token Issuer reserves its right to amend these Terms anytime and in its sole discretion to the extent necessary to comply with applicable domestic or European Union law or regulations. Such amendments will be disclosed to all Token Holders through publication on the Token Issuer’s homepage.
By the time of publication, each Token Recipients will have the possibility to deny the application of the amendments to these Terms within the course of 10 days. If no objection was brought to the Token Issuer, such amendments will be deemed to be accepted by the Token Holders. The amendment’s effect will turn into force on the 11th day following its publication. Other than that, changes to these Terms may merely be conducted by particular written consent of both parties.
LCX AG’s intellectual property includes inventions, ideas, concepts, software-codes by any means (written as well as electronic) as well as the software involved in general, information and data whether or not patentable, copyrightable or protectable in trademark and any trademarks, copyright or patents based thereon. You may not use any of the above-mentioned Token Issuer’s intellectual property for any reason without its prior written consent.
In case a Liechtenstein court finds these Terms respectively a portion thereof invalid, unenforceable or illegal, the Terms remain in force merely to the extent of such determination of invalidity, unenforceability or illegality without affecting the validity, enforceability and legality of the other part. The remaining part of these Terms shall continue to be in full force and effect. In case of a request of the Token Issuer, such invalid, unenforceable and/or illegal provisions shall be construed by the court in a way that most closely reflects the effect and intent of its original wording.
These Terms shall be governed by, and construed in accordance with the laws of Liechtenstein. The Parties exclude the application of any international treaty or convention.
The Liechtenstein
Cryptoassets Exchange
Registered Crypto Asset Service Provider (CASP)
Number: 288159
LCX AG, established in 2018, is a registered company in the Principality of Liechtenstein with registration number 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 and Crypto Asset Service Provider (CASP). Trading digital assets such as Bitcoin involves significant risks.
