THIS TOKEN SALE IS STRICTLY FORBIDDEN TO USA AND CHINESE CITIZENS.
The buyer of LMXC tokens understands and accepts that DSB SAS does not aim to act as a substitute for the knowledge that the buyer must possess for its purchases on the cryptoassets market.
Thus, the buyer of LMXC tokens assumes and acknowledges an understanding of the ﬁeld of cryptoassets, systems developed by DSB SAS and the Blockchain mechanism.
This includes the risks associated with the token sale as well as the mechanism related to the use of cryptoassets, and more speciﬁcally, LMXC tokens (including storage).
DSB SAS WILL NOT BE LIABLE FOR LOSS OF LMXC TOKENS, PIRACY, AND / OR SITUATIONS INVOLVING THE IMPOSSIBILITY FOR THE PURCHASER TO ACCESS THE LMXC TOKENS WHICH MAY RESULT FROM ANY ACTIONS OR OMISSIONS OF THE PURCHASER OF LMXC TOKENS AND THE USER OF THE SERVICES OFFERED BY DSB SAS.
THIS WHITEPAPER IN NO EVENT SHALL CONSTITUTE A PROSPECTUS OR OFFERING DOCUMENT.
IT IS NOT INTENDED TO CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO A PURCHASE AND / OR SUBSCRIPTION OFFER.
THIS WHITEPAPER IS NOT INTENDED TO CONSTITUTE A SOLICITATION TO INVEST IN SECURITIES OR ANY OTHER FORM OF INVESTMENT PRODUCTS.
THIS WHITEPAPER, IN WHOLE OR IN PART, AND ANY COPY OF IT, SHOULD NOT BE TAKEN OR TRANSMITTED TO ANY COUNTRY WHERE THE DISTRIBUTION AND DISSEMINATION OF WHITEPAPERS IS PROHIBITED OR RESTRICTED.
The LMXC token is not considered a security. Also, the LMXC tokens will not be considered shares because they do not give access to ordinary or extraordinary general meetings of DSB SAS. The sale of LMXC tokens is ﬁnal and non-refundable. They cannot be used outside the platform developed by DSB SAS. Consequently, they cannot and must not be bought for speculative purposes or investments. The buyer of the LMXC tokens understands and is aware that the LMXC tokens issued by DSB SAS. operate in a decentralized non regulated market. The information issued by DSB SAS relates to the private sale/crowdsale and LMXC tokens, and the purchaser of the said tokens understands that no speciﬁc European regulatory framework governs this activity. As a result, the buyer is aware that the purchase of LMXC tokens is undertaken without the beneﬁt of legal and / or regulatory protection. Any person purchasing LMXC tokens understands, accepts and acknowledges to have carefully reviewed this whitepaper and to fully understand the risks, costs and beneﬁts associated with the purchase of LMXC tokens and the services offered by DSB SAS.
2.1 General information on the risks related to cryptoassets
2.1.1 Risks related to trading or holding cryptoassets
The buyer acknowledges and understands that cryptoasset markets are decentralized nonregulated markets. The LMXC Tokens issued and the services offered by DSB SAS. therefore relate to unregulated markets which are not governed by any speciﬁc European framework. LMXC tokens may eventually be exchanged on third party platforms (Exchanges). These third parties are not banks and do not hold their ﬁduciary assets / virtual assets as deposits. If such third party loses money, fails or goes bankrupt, et al, there is no speciﬁc legal protection that covers the buyer for the losses resulting from the tokens that the buyer may have held with that third party, even if that party is registered with a national authority. The LMXC tokens and services offered by DSB SAS. cannot predict the risks associated with these third party holders (Exchanges). Indeed, depending on the structure and security of the digital wallet, some may be vulnerable to piracy, and lead to the theft or loss of cryptoassets, and more speciﬁcally the LMXC token. DSB SAS, despite the information it may provide, will not be liable for any losses caused by these third parties.
2.2 Speciﬁc information on the risks related to the LMXC tokens
The acquisition and storage of LMXC tokens involves various risks. These include the possibility that DSB SAS, may not be able to launch its operations or projects, including development of its Blockchain or the services promised in this Whitepaper. As a result, and before acquiring LMXC tokens, any user acknowledges to have fully examined the risks, costs and beneﬁts of acquiring LMXC tokens in the context of a private sale/crowdsale and, if necessary, to have obtained the opinion of a professional specialist on this subject. Any interested person unable to accept or understand the risks associated with the activity (including the risks associated with the non-development of the DSB SAS. platform) or any other risk as indicated in Article 2.1 above, should not buy.
2.3 Important Warning on the Whitepaper and the Business Model
This Whitepaper should not be considered as an invitation to invest. It does not constitute, nor relate in any way, to a securities placement. This whitepaper does not include or provide any information or indication that could be considered by the buyer as a recommendation or incentive to invest. LMXC tokens are just utility tokens and therefore can only be used on the platforms developed by DSB SAS and are not intended as an investment. The possibility of buying LMXC tokens on trading platforms is only intended to allow the use of the services offered by DSB SAS and is not an incentive to invest. In addition, DSB SAS should not be considered a legal, tax or ﬁnancial advisor. All information provided in this whitepaper is provided solely for the purpose of general information and DSB SAS. makes no warranty as to the accuracy and completeness of this information. DSB SAS cannot be considered as a ﬁnancial intermediary pursuant to Articles L. 519-1, L. 541-1, L. 545-1, L. 547-1 L. 548-1 of the Monetary and Financial Code. As a result, DSB SAS does not have to obtain authorizations for the purpose of combating money laundering or to register by virtue of Article L. 546-1 of the Monetary and Financial Code. The acquisition of LMXC tokens does not confer any rights in the activities of DSB SAS. The buyer of LMXC tokens understands and accepts the fact that national regulatory authorities can carefully examine the companies and operations associated with cryptoassets worldwide. As a result, regulatory measures, investigations and actions may affect the activities of DSB SAS and even limit or prevent its operation.
The buyer understands the DSB SAS business model and that, in the future, the whitepaper and the economic terms may change due to new regulatory requirements. In such case, the buyer of LMXC tokens recognizes and understands that DSB SAS cannot be held responsible for any loss or damage, direct or indirect, as a result of these changes. These change factors include, among others:
• A change in the political, social, economic and cryptoasset stock market conditions as well as a change in the regulatory environment in the countries in which DSB SAS carries out its operations and activities;
• The risk that DSB SAS may be unable to execute or implement its business strategy and future development;
• Changes in interest rates and / or exchange rates of ﬁduciary currencies and cryptoassets;
• Anticipated change in growth strategy and expected organic growth;
• A change in the availability and fees payable to DSB SAS as part of its business and its operations; • A change in the availability and salaries of employees that are required by DSB SAS to operate its business and implement its operations;
• A change in the competitive conditions under which DSB SAS is operating.
• A change in the capital requirements of DSB SAS as well as the availability of ﬁnancing;
• A war or acts of national and international terrorism;
• The occurrence of catastrophic events, natural disasters or any other event external to DSB SAS;
• Other factors beyond the control of DSB SAS. DSB SAS will do its utmost to launch its operations and develop its platform.
The buyer of LMXC tokens understands that DSB SAS provides no guarantee on the objectives it wishes to achieve. As a result, DSB SAS, its bodies and employees are not responsible for the losses and damages resulting from the inability to use the LMXC tokens, except in the case of intentional or negligent wrongdoing on the part of DSB SAS. Thus, the buyer understands and accepts that nothing in this whitepaper is or can be considered to be a promise or commitment regarding the performance or future policies of DSB SAS.
2.4 INSUFFICIENT FUNDS RAISED
LimonX’s token sale may not reach the target sale amount and may not have sufficient funds to execute its full business plan. The positions and plans outlined in the Whitepaper may be altered according to the success of the token sale.
If the token sale is reduced to a point that the issuance of LMXC is not economically viable, the company may consider several options such as refund or offering shares of DSB SAS to LMXC holders.