To assist you in making an informed decision, please consult with professional advisers in the fields of legal, tax and finance prior to participating in the following Initial Coin Offering (ICO).
The purpose of this White Paper is to present Huyu SA (Pty) Limited ("Huyu") and the HUYUcoin to potential coin holders ("You") in connection with the proposed ICO. The information set forth below may not be exhaustive and does not imply nor create any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential coin holders for them to determine whether to undertake a thorough analysis of Huyu with the intent of acquiring HUYUcoin. Nothing in this White Paper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.
This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction, which are designed to protect investors. The product coin is not a digital currency, security, commodity or any other kind of financial instrument and has not been registered in terms of the securities laws of any country, including the securities laws of any jurisdiction in which a potential coin holder is a resident.
This White Paper is the primary official source of information about Huyu and HUYUcoin.
HUYUcoin cannot be used for any purposes other than as provided in this White Paper including, but not limited to, any investment, speculative or other financial purposes. HUYUcoin confer no other rights in any form, including but not limited to any ownership, dividends (including, but not limited to, profit), redemption, liquidation, property (including all forms of intellectual property) or other financial or legal rights, other than those specifically set forth below. HUYUcoin confer no rights in Huyu whatsoever and do not represent nor entitle the coin holder to participation in Huyu. HUYUcoin are sold as a functional utility.
HUYUcoin are not, and should not be deemed to be securities and do not need to be registered as securities.
You (the potential coin holder) acknowledge, understand and agree that HUYUcoin is not a security and is not registered with any government entity as a security, and shall not be considered as such. You acknowledge, understand and agree that ownership of HUYUcoin does not grant You the right to receive profits, income or other payments or returns arising from the acquisition, holding, management or disposal of, the exercise of, the redemption of, or the expiry of any right, interest, title or benefit in Huyu, the Huyu platform or any other Huyu property in whole or in part. HUYUcoin are not official or legally binding investments of any kind.
The Huyu platform is still in development and is subject to further changes, updates and adjustments prior to its launch. Such changes may result in unexpected and unforeseen effects on its projected appeal to users, including the possible failure to meet users' preconceived expectations based on this White Paper and hence may adversely impact its success. For the foregoing or any other reason, the development of the Huyu platform and as well as future Huyu business lines may not be completed and Huyu provides no assurance that the platform will be launched at all.
Additionally, in a depressed economic environment, Huyu may experience the negative effects of a slowdown in trading. Huyu may accordingly delay or cancel altogether the launch of the Huyu platform and / or future business lines.
Further, should the costs, financial or otherwise, of complying with any newly implemented regulations exceed a threshold as determined by Huyu in its sole and absolute discretion, bearing in mind the fact that it is difficult to predict how or whether governments or regulatory authorities may implement any changes to laws and regulations affecting the platform and / or future business lines, completing the development of the Huyu platform and structuring and launching future business lines may no longer be commercially viable. Huyu may accordingly, in its sole and absolute discretion, elect to discontinue the development and / or operation of the Huyu platform.
Huyu may not be able to pay any anticipated rewards in the future. Huyu, its directors, employees and shareholders give no representations or warranties, nor any other assurance whatsoever, that there will be sufficient engagement in the Huyu platform nor that You will receive any rewards/discounts. The ability of Huyu to pay any reward to You will be in Huyu's sole and absolute discretion and will depend, inter alia, on the results of future operations and the future business and financial condition of Huyu.
In the case of unforeseen circumstances, the objectives stated in this document may be changed.
Despite the fact that Huyu intends to reach all goals described in this document, all parties involved in the purchase of HUYUcoin do so entirely at their own risk.
The funds raised in the ICO are exposed to the risk of theft. Huyu will make every effort to ensure that the funds will be securely held in blockchain wallets. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors in the smart contract(s) on the WAVES or any other blockchain, or otherwise. In such event, even if the ICO is completed, Huyu may not be able to receive the cryptocurrencies raised for the completion of the Huyu platform. In such case, the launch of the Huyu platform might be temporarily or permanently curtailed.
All HUYUcoin orders are deemed to be firm and final. You acknowledge and agree that You are fully aware that You will not be entitled to claim any full or partial reimbursement under any circumstances whatsoever.
Huyu is not responsible for, nor does it pursue, the circulation and trading of HUYUcoin on the market. Trading of HUYUcoin will merely depend on the consensus on its value between the relevant market participants.
All claims and statements made in this White Paper, on the Huyu website, in press releases made by Huyu or any verbal statements made by Huyu team members or agents acting on behalf of Huyu that are not an accomplished fact may represent so called forward-looking statements.
Some of these forward-looking statements may be considered as such should they contain the following terms: "will", "anticipate", "plan", "aim", "target", "expect", "estimate", "envision", "intend", "project", "may", "believe", "if" or any other similar terms. Notwithstanding the foregoing, all statements that include, but are not limited to, any financial projections, estimates, plans or possible trends, risks as well as future prospects of cryptocurrencies should also be considered as forward-looking statements.
These forward-looking statements are not yet accomplished facts. Huyu accordingly accepts no responsibility whatsoever nor does it warrant or guarantee that future results will correspond with any forward-looking statements.
These forward-looking statements are also provided as-is and Huyu takes no responsibility for updating these forward-looking statements should any information relevant to the forward-looking statements become available in the future.
No information contained in this White Paper should be considered as a promise, warranty, representation, commitment or undertaking as to the future performance of the Huyu platform, HUYUcoin or any other component of Huyu.