Terms of Service

OVERVIEW
This website is operated by parapata-store. Throughout the site, the terms “we”, “us” and “our” refer to parapata-store. parapata-store offers this website, including all information, tools and Services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.

By visiting our site and/ or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/ or contributors of content.

Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any Services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.

Any new features or tools which are added to the current store shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.

Our store is hosted on Shopify Inc. They provide us with the online e-commerce platform that allows us to sell our products and Services to you.

SECTION 1 - ONLINE STORE TERMS
By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence, or that you are the age of majority in your state or province of residence and you have given us your consent to allow any of your minor dependents to use this site.
You may not use our products for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws).
You must not transmit any worms or viruses or any code of a destructive nature.
A breach or violation of any of the Terms will result in an immediate termination of your Services.

SECTION 2 - GENERAL CONDITIONS
We reserve the right to refuse Service to anyone for any reason at any time.
You understand that your content (not including credit card information), may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer over networks.
You agree not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the Service is provided, without express written permission by us.
The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.

SECTION 3 - ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION
We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.
This site may contain certain historical information. Historical information, necessarily, is not current and is provided for your reference only. We reserve the right to modify the contents of this site at any time, but we have no obligation to update any information on our site. You agree that it is your responsibility to monitor changes to our site.

SECTION 4 - MODIFICATIONS TO THE SERVICE AND PRICES
Prices for our products are subject to change without notice.
We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice at any time.
We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service.

SECTION 5 - PRODUCTS OR SERVICES (if applicable)
Certain products or Services may be available exclusively online through the website. These products or Services may have limited quantities and are subject to return or exchange only according to our Refund Policy.

We have made every effort to display as accurately as possible the colors and images of our products that appear at the store. We cannot guarantee that your computer monitor's display of any color will be accurate.
We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any products or Services that we offer. All descriptions of products or product pricing are subject to change at anytime without notice, at the sole discretion of us. We reserve the right to discontinue any product at any time. Any offer for any product or Service made on this site is void where prohibited.
We do not warrant that the quality of any products, Services, information, or other material purchased or obtained by you will meet your expectations, or that any errors in the Service will be corrected.

SECTION 6 - ACCURACY OF BILLING AND ACCOUNT INFORMATION
We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e‑mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.

You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.

SECTION 7 - OPTIONAL TOOLS
We may provide you with access to third-party tools over which we neither monitor nor have any control nor input.
You acknowledge and agree that we provide access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of the optional tools offered through the site is entirely at your own risk and discretion and you should ensure that you are familiar with and approve of the terms on which tools are provided by the relevant third-party provider(s).
We may also, in the future, offer new Services and/or features through the website (including the release of new tools and resources). Such new features and/or Services shall also be subject to these Terms of Service.

SECTION 8 - THIRD-PARTY LINKS
Certain content, products and Services available via our Service may include materials from third-parties.
Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or Services of third-parties.
We are not liable for any harm or damages related to the purchase or use of goods, Services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party's policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.

SECTION 9 - USER COMMENTS, FEEDBACK AND OTHER SUBMISSIONS
If, at our request, you send certain specific submissions (for example contest entries) or without a request from us, you send creative ideas, suggestions, proposals, plans, or other materials, whether online, by email, by postal mail, or otherwise (collectively, 'comments'), you agree that we may, at any time, without restriction, edit, copy, publish, distribute, translate and otherwise use in any medium any comments that you forward to us. We are and shall be under no obligation (1) to maintain any comments in confidence; (2) to pay compensation for any comments; or (3) to respond to any comments.
We may, but have no obligation to, monitor, edit or remove content that we determine in our sole discretion to be unlawful, offensive, threatening, libelous, defamatory, pornographic, obscene or otherwise objectionable or violates any party’s intellectual property or these Terms of Service.
You agree that your comments will not violate any right of any third-party, including copyright, trademark, privacy, personality or other personal or proprietary right. You further agree that your comments will not contain libelous or otherwise unlawful, abusive or obscene material, or contain any computer virus or other malware that could in any way affect the operation of the Service or any related website. You may not use a false e‑mail address, pretend to be someone other than yourself, or otherwise mislead us or third-parties as to the origin of any comments. You are solely responsible for any comments you make and their accuracy. We take no responsibility and assume no liability for any comments posted by you or any third-party.

SECTION 10 - PERSONAL INFORMATION
Your submission of personal information through the store is governed by our Privacy Policy, which can be viewed here.

SECTION 11 - ERRORS, INACCURACIES AND OMISSIONS
Occasionally there may be information on our site or in the Service that contains typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders if any information in the Service or on any related website is inaccurate at any time without prior notice (including after you have submitted your order).
We undertake no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.

SECTION 12 - PROHIBITED USES
In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the site or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.

SECTION 13 - DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our Service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the Service will be accurate or reliable.
You agree that from time to time we may remove the Service for indefinite periods of time or cancel the Service at any time, without notice to you.
You expressly agree that your use of, or inability to use, the Service is at your sole risk. The Service and all products and Services delivered to you through the Service are (except as expressly stated by us) provided 'as is' and 'as available' for your use, without any representation, warranties or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall parapata-store, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, Service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the Service or any products procured using the Service, or for any other claim related in any way to your use of the Service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the Service or any content (or product) posted, transmitted, or otherwise made available via the Service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.

SECTION 14 - INDEMNIFICATION
You agree to indemnify, defend and hold harmless parapata-store and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, Service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.

SECTION 15 - SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.

SECTION 16 - TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).

SECTION 17 - ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to the Service constitutes the entire agreement and understanding between you and us and governs your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.

SECTION 18 - GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of Netherlands.

SECTION 19 - CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.

SECTION 20 - THE COIN

The name of the coin may still change, Parapata is always authorized to do so.

Any entities of PARAPATA/PARAPATA COINS and employees thereof shall not be liable for your loss of PARAPATA/PARAPATA COINS after it is transferred to you by any reason including but not limited to your failure to maintain or backup an accurate record of your password or password cracking by somebody due to your poor maintenance of your password.

PARAPATA/PARAPATA COINS will do its best to launch its operations and develop reliable systems. Any person undertaking to acquire a PARAPATA token/ PARAPATA COINS understand that PARAPATA (incl. its bodies and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use our platforms.

There is a coin included with the purchase of a sock. Owners should keep both the sock (label) and the code in the purchase email. You will be asked to do this when activating the coin. If the owner no longer has it, the coin will NOT be activated.

When the sock code is converted into a smart contract, ICO token, or coin, the buyer must be at least 18 years old.

The coin will be launched when the socks have value. This means that socks have to be sold: 50 pairs per day for 3 months or 4,500 pairs in total. Parapata reserves the right to increase the valuation and launch the coin with a higher value if this is better for the company and the owners of the coins. Parapata is entitled not to release the coin. This is possible for various reasons, such as a fall in the price of crypto coins in general.

Regulatory authorities are carefully scrutinizing businesses and operations associated to crypto tokens in the world. Regulatory measures, investigations or actions may impact PARAPATA’s business and may limit or prevent it from developing its operations in the future.

Any person undertaking to acquire PARAPATA tokens/ PARAPATA COINS must be aware that our business model may change, or need to be modified because of new regulatory and compliance requirements from any applicable laws in any jurisdictions.
Token owners of PARAPATA and owners of PARAPATA COINS acknowledge and understand that neither PARAPATA nor any of its affiliate shall be held liable for any direct or indirect loss or damages caused by such changes. The company PARAPATA/PARAPATA COINS is authorized to market more PARAPATA COINS if they deem it necessary. The initial owners are the owners of the tokens and cryptocurrency until they are sold.

Nature and Purpose of PARAPATA Coins

By participating in the purchase of PARAPATA tokens or coins, you agree to the following terms regarding their classification and usage:

Not traditional currency: You agree and acknowledge that PARAPATA tokens or coins do not represent any form of traditional currency, such as legal tender, fiat money, or official state-issued currency. The tokens are exclusively a cryptocurrency designed for use within the PARAPATA ecosystem and have no status as legal currency in any jurisdiction;
Not securities or financial instruments: You agree that PARAPATA tokens or coins are not securities, stocks, bonds, or any other type of financial instrument. They do not grant any ownership, voting rights, dividends, or profit-sharing in PARAPATA as a company. The acquisition of PARAPATA tokens should not be viewed as an investment in the company, but rather as a means to access our exclusive fashion items and services.
Access to fashion and services: PARAPATA tokens or coins are primarily a digital utility, offering access to PARAPATA products (such as socks) and associated services within our ecosystem. The tokens are a method of payment within the platform, and their primary function is to facilitate transactions involving PARAPATA products and future blockchain-based features and campaigns;
No guarantees of value: You acknowledge that PARAPATA tokens or coins do not guarantee any future financial gain or returns. Their value may fluctuate due to market conditions, but purchasing the tokens should not be interpreted as an investment with an expectation of profit.
No legal rights or claims: Ownership of PARAPATA tokens or coins does not confer any legal rights or claims over the management, assets, or operations of PARAPATA. You are not entitled to any control, decision-making power, or stake in the governance of the company as a token holder.
Limited use outside PARAPATA ecosystem: You acknowledge that the primary use of PARAPATA tokens is within the PARAPATA ecosystem. While you may have the option to trade or exchange tokens, their intended function is for use in purchasing fashion items or other services related to PARAPATA. Any external use of the tokens is not guaranteed and is subject to third-party platforms and market conditions.

By purchasing PARAPATA tokens, you agree to these terms, understanding that they are a utility token for fashion-related access and not a financial investment or traditional currency.

Limitations
You are not eligible to and you shall not purchase PARAPATA/PARAPATA COINS through its token sale if you are a citizen or resident of any country or state where the purchase of these crypto tokens/ crypto coins may be prohibited or the token sale is deemed to be not compliant with the applicable laws and regulations. If you are a resident of People’s Republic of China, you cannot purchase PARAPATA/PARAPATA COINS through the token sale.

Purchasers should have functional understanding of crypto tokens. Any entities of PARAPATA/PARAPATA COINS and employees thereof will not be responsible in any way for loss of any crypto tokens. If you do not have the required experience or expertise, then you should not purchase PARAPATA/PARAPATA COINS.

To receive the coin, individuals must have purchased a sock with a crypto label. A personal code was sent via email, which can be used to claim a smart contract. PARAPATA may request additional verification at any time, such as a photo of the crypto label or posting a photo of the sock on a social media platform.

Risks
The purchase of PARAPATA/PARAPATA COINS carries risk. Prior to purchasing our tokens or coins, the purchaser should carefully consider the risks.

1. PARAPATA/PARAPATA COINS will be stored in a wallet, which can only be accessed with a password selected by the purchaser. If a purchaser of our tokens/coins does not maintain an accurate record or if you lose the password, this may lead to the loss;
2. PARAPATA/PARAPATA COINS will be issued on the Ethereum blockchain. As such, any malfunction or unexpected functioning of the Ethereum protocol may impact the purchaser’s ability to transfer or hold PARAPATA/PARAPATA COINS. The price of Ethereum, PARAPATA/PARAPATA COINS (and other currencies we hold, such as dollars and euro’s) can fluctuate, which entails a risk for PARAPATA/PARAPATA COINS and the owners of the token/coin;
3. The purchaser recognizes that some of the services are currently under development and may undergo significant changes before release. The purchaser acknowledges this;
4. The purchaser understands that by most of the major Crypto exchanges around, it is possible that some exchanges may decline the connection with our platform(s), which may result in less liquidity;
5. The value of PARAPATA/PARAPATA COINS may fluctuate significantly and become reduced in value for any number of reasons;
6. The purchaser understands that it is possible that the official release may be delayed;
7. If items are found to be resold, or worn by someone else, PARAPATA has the right to destroy the token.

Understanding of Cryptocurrency and Blockchain Technology

By participating in the purchase of PARAPATA tokens or coins, you agree and acknowledge the following:

Knowledge of cryptocurrency: You confirm that you possess a sufficient understanding of cryptocurrencies and their inherent features, including their volatility, digital nature, and how they function as a form of digital or virtual currency. You are aware that cryptocurrencies operate independently of traditional banking systems and may be subject to fluctuating market conditions;
Familiarity with blockchain technology: You acknowledge that you have a good grasp of blockchain technology, which underpins the PARAPATA tokens. This includes understanding how blockchain operates as a decentralized ledger that records transactions across a network of computers in a secure and immutable manner;
Proficiency in token usage: You are knowledgeable about the operation and functionality of tokens in a blockchain-based system, including how they are created, managed, and transferred. You understand the roles of various types of tokens, including utility tokens like PARAPATA, and their purpose within the ecosystem;
Understanding of cryptocurrency wallets: You confirm that you are familiar with cryptocurrency wallets or other storage mechanisms used to securely store and manage digital assets. This includes knowledge of how to generate, store, and safeguard private keys, as well as how to access and use your wallet effectively;
Awareness of smart contracts: You acknowledge an understanding of smart contracts and their function within blockchain technology. You are aware that smart contracts are self-executing contracts with the terms of the agreement directly written into code, and that they automate and enforce the terms of a transaction or agreement;
Knowledge of token transmission: You are aware of the processes involved in the transmission and exchange of tokens, including how transactions are processed on the blockchain, the potential for transaction fees, and the time required for transactions to be confirmed;
Security practices: You recognize the importance of security practices related to cryptocurrency and blockchain technology. This includes maintaining the confidentiality of private keys, employing secure methods for accessing and managing your digital assets, and understanding the risks associated with digital asset storage and transfer;
Informed participation: By purchasing PARAPATA tokens, you confirm that your decision is based on a clear understanding of these technological aspects. You accept full responsibility for managing your tokens and participating in the PARAPATA ecosystem with the knowledge of how these technologies function and the risks involved.

By proceeding with the purchase of PARAPATA tokens, you affirm that you have a comprehensive understanding of the operation, functionality, and technology associated with cryptocurrencies and blockchain-based systems, and you acknowledge the risks and responsibilities involved.

Value Fluctuation and Liquidity

The value of PARAPATA/PARAPATA COINS is volatile and may fluctuate due to a variety of factors, including but not limited to:

Market conditions: Changes in the general economic environment or trends in the cryptocurrency market may cause fluctuations in the value of the PARAPATA COINS.
Supply and demand: The availability of PARAPATA COINS for trading and the demand for them will directly impact their market price. Limited liquidity or heightened trading activity could lead to rapid price changes.
Technological changes: The development or adoption of new technology, upgrades to blockchain protocols, or changes in industry standards could impact the usability and value of PARAPATA COINS.
Regulatory developments: New regulations or enforcement actions in various jurisdictions could affect the value and legal standing of PARAPATA COINS, possibly reducing their market value or restricting their use.
Security risks: Any security breach or hack, whether within the PARAPATA platform or an external exchange, could result in a loss of confidence and value in PARAPATA COINS.
Competition: The introduction of competing cryptocurrencies or tokens offering similar benefits to PARAPATA COINS could dilute demand and negatively affect the value.
Token release schedule: The staggered release of tokens in tranches to prevent price manipulation may temporarily impact the market price based on available supply at each release.

Investors should be aware that these fluctuations may lead to a significant reduction in value, up to and including the complete loss of value, and that PARAPATA/PARAPATA COINS offer no guarantee of financial return. Accordingly, purchasers must consider the potential loss of their entire investment when acquiring PARAPATA COINS.

Additionally, the liquidity of PARAPATA/PARAPATA COINS can be limited, and there is no guarantee that the token will be tradable on major cryptocurrency exchanges. Limited market availability may affect your ability to sell or trade the tokens at your desired price or at all.

By participating in the acquisition of PARAPATA COINS, you acknowledge and accept these risks, understanding that the future value of PARAPATA COINS is unpredictable and subject to numerous influences beyond the control of PARAPATA.

PARAPATA/PARAPATA COINS does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever in relation to the truth, accuracy and completeness of any of the information set out in these terms and the whitepaper.

By participating in the token sale of PARAPATA/PARAPATA COINS, the purchasers represent and warrant to PARAPATA as follows:

1. you are authorized and have full power to purchase PARAPATA/PARAPATA COINS according to the laws that apply in your jurisdiction of domicile;
2. you are solely responsible for determining whether the acquisition is appropriate for you;
3. you are not acting as an agent on behalf of any other person or entity who wish to purchase PARAPATA/PARAPATA COINS or participate in its token sale;
4. you have carefully considered the risks, costs, and any other demerits of buying PARAPATA/PARAPATA COINS;
5. you understand the risks, costs, and any other demerits associated with PARAPATA/PARAPATA COINS and its token/coin sale;
6. you are not acting for the purpose of speculative investment. Buy the token if you want access to our fashion and you can pay with it;
7. you agree and acknowledge that PARAPATA/PARAPATA COINS does not constitute securities in any form in your jurisdiction;
8. you agree and acknowledge that the whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in your jurisdiction or a solicitation for investment in securities;
9. you agree and acknowledge that no regulatory authority has examined or approved the information set out in the whitepaper;
10. you agree and acknowledge that the whitepaper shall not be construed, interpreted or deemed by you as an indication of the merits;
11. the distribution or dissemination of the whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction;
12. you agree and acknowledge that in the case where you wish to purchase PARAPATA/PARAPATA COINS it is not to be construed, interpreted, classified or treated as:

- any kind of currency other than cryptocurrency;
- the token only provides you access to our fashion;
- the crypto is a mean to pay for the fashion.

13. you have a good understanding of the operation, functionality, usage, storage, transmission and so on of cryptocurrencies and blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;

14. you are fully aware and understand that there are risks associated with PARAPATA/PARAPATA COINS and its business and operations;

15. you agree and acknowledge that PARAPATA/PARAPATA COINS is not liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise arising out of or in connection with any acceptance of or reliance on the whitepaper or any part thereof by you;

16. you will not use the token sale for any illegal activity, including but not limited to money laundering and the financing of terrorism;

17. you agree and acknowledge that items are found to be resold, or worn by someone else, PARAPATA has the right to destroy the token (see resale and usage of items;

18. all of the above representations and warranties are true, complete, accurate and non-misleading from the time of your access to and/or acceptance of possession the whitepaper or such part thereof (as the case may be).

Resale and Usage of Items

The purchase of PARAPATA socks, which include a PARAPATA coin, is intended solely for personal use by the original buyer. If items such as the socks or the accompanying crypto label are found to be:

Resold to third parties, either through online marketplaces, private transactions, or any other form of transfer, without explicit permission from PARAPATA;
Worn or used by someone other than the original purchaser.

PARAPATA reserves the right to take action, including but not limited to the destruction of the associated token or deactivation of any related digital assets (such as the PARAPATA coin or smart contract).

This measure is designed to ensure the exclusivity of the PARAPATA brand and the integrity of the associated cryptocurrency rewards. The resale of physical products and unauthorized transfers undermine the value of the coin for genuine buyers and disrupt the intended relationship between fashion and blockchain.

By accepting the PARAPATA coin, you agree to these terms, acknowledging that the resale or misuse of PARAPATA products will result in the loss of your digital asset without compensation. This action will be irreversible, and PARAPATA will not be liable for any financial or material losses resulting from the destruction of the token.

To maintain your right to the PARAPATA coin, please ensure that the socks and digital assets remain in your possession and are not sold or transferred to third parties.

Accuracy of Representations and Warranties

By participating in the acquisition of PARAPATA tokens or coins, you expressly agree and warrant that:

All information provided by you during the purchase process is true, complete, accurate, and not misleading in any way. This includes, but is not limited to, any personal information, identification, or financial data provided to claim or activate the PARAPATA coin;
You acknowledge that the statements and representations made by you remain valid from the moment you access the whitepaper or any part thereof, and throughout your participation in the token sale and ownership of PARAPATA coins;
If at any point your circumstances change, or any of the information you have provided becomes inaccurate or misleading, you are responsible for notifying PARAPATA immediately. Failing to do so may result in the forfeiture of your PARAPATA coins and associated rights;
You understand and accept that PARAPATA is relying on the accuracy of your representations in good faith. Any discrepancies, omissions, or misleading information, whether intentional or unintentional, may lead to the revocation of your token rights, including the suspension or destruction of your PARAPATA coin without compensation;
You agree that PARAPATA is not liable for any losses, damages, or claims arising from any false or incomplete information you provide during the token sale process or thereafter.

By agreeing to these terms, you confirm that you have carefully reviewed and understood all representations, warranties, and conditions set forth in the whitepaper. Any violation of these warranties may result in the immediate suspension or deactivation of your PARAPATA coin, and you will not hold PARAPATA or its affiliates liable for any resulting consequences.

Prohibition of Illegal Activities

By participating in the purchase of PARAPATA tokens or coins, you agree to the following:

Lawful Use Only: You represent and warrant that your participation in the PARAPATA token sale is solely for legitimate purposes and that you will not use the tokens for any illegal activities. This includes, but is not limited to, activities related to:

Money laundering or disguising the origins of illicit funds;
Financing terrorism or any other criminal enterprises;
Engaging in fraudulent transactions or schemes to deceive others;
Any activity that violates applicable local or international laws and regulations.

Compliance with Regulations: You acknowledge that you are fully responsible for ensuring that your use of PARAPATA tokens complies with all legal and regulatory obligations in your jurisdiction, as well as internationally. You agree not to engage in any conduct that would bring the tokens into disrepute or expose PARAPATA to legal risks.
Monitoring and Reporting: PARAPATA reserves the right to monitor transactions involving its tokens to detect any suspicious or illegal activity. We may, at our sole discretion, report any such activities to the relevant authorities without notifying you. This includes but is not limited to:

Unusual patterns of transactions;
Suspicion of money laundering or financing of illegal activities;
Use of anonymous wallets or entities that raise legal concerns.

Consequences of Violation: If it is determined that you are using PARAPATA tokens for illegal purposes, or are involved in any activities that violate applicable laws, PARAPATA reserves the right to:

Cancel or destroy your tokens without compensation;
Restrict your access to any services or platforms associated with PARAPATA;
Report your activities to the appropriate legal or regulatory authorities for further investigation or prosecution.

No Liability: PARAPATA will not be held liable for any legal consequences, damages, or losses arising from your illegal use of its tokens or your violation of this clause. You bear full responsibility for any actions that contravene the law, and PARAPATA disclaims any liability for the outcomes of such activities.

By purchasing and using PARAPATA tokens, you agree to strictly adhere to all laws and regulations and ensure that your actions do not involve any prohibited activities.

Compliance with Local Laws and Regulations

By accessing and accepting these terms, you agree and acknowledge the following:

Legal access: The distribution, dissemination, and acceptance of these terms, whether in whole or in part, is not restricted or prohibited by any laws, regulations, or rules in your jurisdiction. You have ensured that receiving and reviewing the whitepaper and this terms complies with the legal frameworks governing your location;
No violation of local laws: You confirm that by purchasing PARAPATA tokens or coins and participating in the token sale, you are not violating any laws in your jurisdiction, including but not limited to regulations regarding cryptocurrency, digital assets, and token offerings;
Jurisdictional limitations: If you are located in or are a resident of a jurisdiction where the sale, purchase, or use of cryptocurrency tokens is prohibited or restricted by law, you agree not to access, use, or participate in the PARAPATA token sale. It is your responsibility to ensure compliance with all relevant laws before acquiring or holding PARAPATA tokens;
Responsibility for legal compliance: You bear full responsibility for determining whether your participation in the token sale and the acquisition of PARAPATA tokens or coins is lawful in your jurisdiction. PARAPATA will not be held liable for any consequences arising from your failure to comply with local legal or regulatory requirements;
Regulatory examinations: You acknowledge that no regulatory authority has examined or approved the information in the whitepaper and these terms, and the contents herein should not be considered as guidance, endorsement, or certification from any regulatory body.

By proceeding with the acquisition of PARAPATA tokens, you confirm that your actions comply with all applicable laws and regulations in your jurisdiction, and you assume full responsibility for any legal or financial implications.

To the maximum extent permitted by the applicable laws, regulations and rules, PARAPATA/PARAPATA COINS and employees thereof shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this whitepaper or any part thereof by you.

Any entities of PARAPATA/PARAPATA COINS and employees thereof shall not be liable for your loss of PARAPATA/PARAPATA COINS after it is transferred to you by any reason including but not limited to your failure to maintain or backup an accurate record of your password or password cracking by somebody due to your poor maintenance of your password.

PARAPATA/PARAPATA COINS will do its best to launch its operations and develop reliable systems. Any person undertaking to acquire a PARAPATA token/ PARAPATA COINS understand that PARAPATA (incl. its bodies and employees) assumes no liability or responsibility for any loss or damage that would result from or relate to the incapacity to use our platforms.

When the sock code is converted into a smart contract, ICO token, or coin, the buyer must be at least 18 years old.

Coin owners won't be able to mint or sell all their coins at once. Instead, the coins will be released in tranches to prevent price manipulation. After that, owners are free to do whatever they wish with their coins.

This whitepaper shall not and cannot be considered as an invitation to enter into an investment/ acces to our fashion. They do not constitute or relate in any way nor should they be considered as an offering of securities in any jurisdiction. This whitepaper does not include nor contain any information or indication that might be considered as a recommendation.

Neither PARAPATA/PARAPATA COINS nor any of its employees are to be or shall be considered as advisor in any legal, tax or financial matters. Acquiring our tokens or crypto’s shall not grant any right or influence over our organization and governance to the purchasers.

PARAPATA/PARAPATA COINS does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this whitepaper.

Limitations
You are not eligible to and you shall not purchase PARAPATA/PARAPATA COINS through its token sale if you are a citizen or resident of any country or state where the purchase of these crypto tokens/ crypto coins may be prohibited or the token sale is deemed to be not compliant with the applicable laws and regulations. If you are a resident of People’s Republic of China, you cannot purchase PARAPATA/PARAPATA COINS through the token sale.

Purchasers should have functional understanding of crypto tokens. Any entities of PARAPATA/PARAPATA COINS and employees thereof will not be responsible in any way for loss of any crypto tokens. If you do not have the required experience or expertise, then you should not purchase PARAPATA/PARAPATA COINS.

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