PAZ is required for proper operation and comprehensive utilization of FINSOFTLABS (as defined in the white paper (the “White Paper”) provided at https://Finsoftlabs.com (the “Website”) as of the date the Purchaser acquires PAZ token). After the PAZ sale, each PAZ is backed by the purchase of the underlying assets, as described in the White Paper. To the extent they do not contradict these Terms, the rights connected to PAZ are subject to the limitations set out in the White Paper, but this should in no case create obligations for the Company in addition to the ones contained in these Terms. The Company reserves the right to circumvent the algorithm used to select the underlying assets if it believes, in its sole discretion, that such selected underlying assets could adversely affect the Company or PAZ from a regulatory or legal perspective. The Company shall have the right to sell any such underlying assets (if already part of PAZ portfolio) and block their acquisition.
The maximum total amount of PAZs to be issued is 10 Billion PAZs are generated as Purchasers buy them and the total supply of PAZs will be fixed after the end of the PAZ sale. No more PAZs will be issued after the end of the PAZ sale, as described in the preceding paragraph. Ownership of PAZ during the PAZ token sale carries no rights express or implied. Purchases of PAZ are non-refundable.
The anticipated distribution of the PAZ tokens is as follows:
30% will be held in-house;
32% will be reserved for public investors;
1% will be reserved for IEO bounty campaign;
1% will be reserved for bug bounty and testing; while
1% will be reserved for advisors and ambassadors
Purchasers in the PAZ token sale will be allocated their PAZ tokens in exchange for ETH at the following rate:
The US Dollars to ETH exchange rate is used to dynamically set the ETH to PAZ rate. As a result, for the duration of the PAZ sale, the price to purchase a PAZ will be set as an amount in ETH.
Purchaser must have an Ethereum wallet that supports the ERC-20 token standard in order to receive any PAZ purchased from the Company.