Last Update: 03.11.2021

Terms & Conditions

These Terms and Conditions (“Terms”) govern your relationship with https://padlocktoken.io/ (“Website”) operated by PDL Development OÜ (registry code 16356325, address Pärnu mnt 22, 10141, Tallinn) (“PDL DEVELOPMENT” or “We”) on the course of using Our Website.

Your access to and use of the Website is conditioned on your acceptance of and compliance with these Terms and other service guidelines available on our Webpage. These Terms apply to all visitors, users and others who access or use the Website.

Please read these Terms, other service guidelines and our Privacy Policy carefully before using the Website.

You acknowledge that you have read and understood these Terms, accept them, and agree to be bound by them. If you don’t agree with (or cannot comply with) these Terms, then you may not use the Website or access any content.

PADLOCK TOKEN

PadLock token is launched by PDL DEVELOPMENT and is intended to raise funding for a project based on Decentralized Applications (DApp) for communications (“the Project”).

PadLock token runs on the Binance Smart Chain (BSC). PadLock token does not grant any rights or shares, benefits nor implications in PDL DEVELOPMENT decision making process nor voting rights to the people who wishes to purchase the PadLock token. PadLock token does not imply any debt obligation or loan. PadLock token does not imply any transfer of goods or any provision of services. It only implies the transfer of the token itself; it isn’t therefore a token which gives access to a specific product or a service, and it’s not accepted as means of payment.

Prior to the launch of PadLock token, there will take place a private sale and a pre-sale. Once the token has been publicly released, it will be available at different exchanges such as Coinsbit, Pancake Swap and PooCoin, among others, which are already existing exchange platforms.

The payment to purchase the token during the Private Sale will only be in Binance Coin (BNB). During the Private Sale, after payment in BNBs, the PadLock token will be transferred to the wallet of your choice.

Pre-sale will be conducted through Coinsbit, an already existing exchange platform.

Once PadLock token has been released to the market, it will be traded at the above-mentioned exchanges, among others.

After the Pre Sale, revenue from the sale of PadLock tokens is distributed as follows: (i) 2 % goes to the maintenance of the Project and company structure, (ii) 3 % to marketing, (iii) 5 % to the development of the Project itself, (iv) 5 % goes to the liquidity pool, and (v) 85 % to circulating capital.

The price of the PadLock token is as it appears on Coinsbit or any other exchange platform at a particular point in time. We are not obligated to guarantee you the opportunity to purchase PadLock token at a specific price.

In every sale stage, the fees related to the purchase of the token are to be borne by you. The fees will vary according to the method of purchase chosen by you. Each Exchange rules under its own conditions in terms of network fees. We recommend that you do your own research before purchasing PadLock token from any third party.

The collection and processing of your personal data is governed by the Privacy Policy of the PDL DEVELOPMENT which can be found here.

You represent and warrant that: (i) you have the legal right to use means in connection with any purchase; and that (ii) the information you supply to us is true, correct and complete.

LINKS TO OTHER WEB SITES

Our Website may contain links to third-party web sites or services that are not owned or controlled by PDL DEVELOPMENT.

PDL DEVELOPMENT has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third-party web sites or services. The user further acknowledges and agrees that PDL DEVELOPMENT shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such web sites or services.

We strongly advise you to read the terms and conditions and privacy policies of any third-party web sites or services that you visit.

LIMITATION OF LIABILITY

In no event shall PDL DEVELOPMENT, nor its directors, employees, partners, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Website; (ii) any conduct or content of any third party on the Website; (iii) any content obtained from the Website; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.

In all cases, PDL DEVELOPMENT, and its suppliers and distributors, will not be liable for any loss or damage that is not reasonably foreseeable.

WITHDRAWAL OF THE SALE AND CLAIMS

As the Padlock token sale is a sale of digital content, the buyer does not have the right to withdraw from the contract without a fundamental non-performance of a contractual obligation by the other party.

Upon non-compliance of the object of contract with the terms and conditions of the contract, the buyer can use legal remedies provided by the Estonian law.

If you have a claim against Us, you can contact the Consumer Disputes Committee and file an application. The application and further information can be found on the following website: https://komisjon.ee/et/avalduse-esitamine. You can also contact the Consumer Disputes Committee via e-mail: avaldus@komisjon.ee.

GOVERNING LAW

These Terms and any relationship between you and PDL DEVELOPMENT, which arises either from the use of Website or purchasing PadLock token is governed by Estonian law.

Any dispute arising out of or relating to these Terms or purchasing PadLock Token shall be settled in Harju County Court. In respect of all other countries, you agree that the laws and courts of Republic of Estonia will apply relating to these terms.

Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Website and supersede and replace any prior agreements we might have between us regarding the Website.

CONTACT US

For information about how to contact PDL DEVELOPMENT, please visit our contact page.