Legal terms of the ICO

ICO Payment and Token Delivery Terms

The payment methods for acquiring BANGK Coins are precisely described on the investor Dashboard. The investor can make this payment either by bank transfer to BANGK's account or by transferring cryptocurrency.

The terms and timeline for distributing BANGK Coins to investors are detailed on page X. The distribution will occur gradually during the vesting period. We encourage investors to refer to the relevant page for complete details.

Information regarding the technical requirements that the purchaser must meet to hold the crypto assets: the investor must hold a Solana wallet.

Regulatory characteristics of the ICO

This ICO aims to raise funds and/or crypto assets for the development of BANGK's activities in compliance with the applicable regulations, in order to ensure enhanced protection for the users of its services.

This ICO is primarily intended for:

  • Individuals and/or legal entities

  • Citizens of the European Union, etc.

The restrictions on access to the tokens offered within the framework of this ICO are:

  • Lack of legal majority

  • Failure to submit to anti-money laundering (AML) checks conducted by BANGK

  • Funds originating from high-risk countries in terms of money laundering, as listed by entities such as FATF (Financial Action Task Force) and the European Commission.

Once admitted for trading on one or more exchange platforms, the offered crypto assets will be available to all individuals who have access to the services of these platforms. BANGK has chosen to offer the admission of its crypto assets exclusively to regulated platforms.

Right of withdrawal

In accordance with the regulations, the investor participating in the ICO has a 14-calendar-day period to withdraw from their agreement to purchase BANGK Coin. No fees will be applied for this withdrawal. The right to withdrawal does not apply when the crypto-assets have been admitted for trading before the investor's purchase.

Other cases of refund

Investors participating in the public offering of crypto assets will be refunded if the soft cap of subscriptions is not reached by the end of the offering or if the offering is canceled.

Description of the refund mechanism and refund schedule:

The refund will be made using the same payment method that the investor used for the initial transaction, unless otherwise agreed by the investor.

Protection of funds and crypto assets collected during the ICO

The funds or crypto assets collected during the ICO are stored as follows

a) On a bank account in the name of BANGK, opened at Caisse d’Epargne Côte d’Azur in Nice, for all payments received in fiat currency.

b) On a cold wallet "Ledger Flex" by Ledger for crypto assets.

Financial Situation of the company since its registration

The Company has not had any revenue-generating activities since its registration.

Its current activities are limited to preparing the application files for regulatory approval and preparing the public offering of tokens, as well as the offering of products and services described in this Whitepaper. The activity planned by BANGK is regulated, meaning that it is unable to carry out any activities related to providing crypto-asset services, electronic money services, or payment services without the required regulatory approvals.

BANGK is managed by the company A-SET CAPITAL (SIREN 902 478 692), which is a holding company overseeing and managing support functions.

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