HitBTC Token is not in any way an analog of shares (direct or indirect), legal claims, interests, participation interests, legal titles, or liabilities in relation to the HitBTC Exchange its affiliates, or any other enterprise, institution, or company. HitBTC Token does not entitle its owners to any promises of unconditional income, dividends, payment, investment income or profits, and isn’t intended to secure the issue of securities in any jurisdiction.
Subject to the terms of the issuance, HitBTC Token:
- IS NOT refundable and cannot be traded for cash by HitBTC Exchange or any HitBTC affiliate;
- DOES NOT imply any rights under a contract for differences or any other contract whose goal or intended goal is to make a profit or prevent a loss;
- IS NEITHER a loan to the HitBTC Exchange or any of its affiliates, neither a debt of the HitBTC Exchange or any of its affiliates;
- DOES NOT represent securities, commodities, money (incl. digital money), debentures, bonds, or any other type of investment or financial instrument;
- DOES NOT represent or grant the token holder any rights in any way in relation to the HitBTC Exchange (or any of its affiliates), or their assets or revenues, including, with no limitation, any right to collect revenues, dividends, ownership or interest, distribution, security, voting, liquidation, redemption, or property (incl. intellectual property or license rights in all forms), or other legal, financial or equivalent rights, or any other forms of participation in or with respect to the HitBTC Exchange;
- Other than the right to use HitBTC Token as an instrument to interact on the HitBTC Exchange, ownership of HitBTC Token confers no other privileges, implied or express. The HitBTC Token may also serve as an incentive for users to participate in the HitBTC ecosystem.