Last Updated [2025-09-28]
DIGITAL INNOVATIONS GROUP, INC. ("Company") TERMS AND CONDITIONS FOR IRMA ENGINE TOKEN. PLEASE READ THESE TERMS AND CONDITIONS OF IRMA ENGINE TOKEN CAREFULLY. NOTE THAT THESE TERMS CONTAIN A BINDING ARBITRATION CLAUSE AND CLASS ACTION WAIVER, WHICH, IF APPLICABLE TO YOU, AFFECT YOUR LEGAL RIGHTS. IF YOU DO NOT AGREE TO THESE TERMS OF SALE, DO NOT PURCHASE IRMA ENGINE TOKENS. Your purchase of IRMA Engine Tokens during the pre-sale ("Sale Period") from Company ("we", or "us") is subject to these Terms and Conditions ("Terms"). Each of you and Company is a "Party", and together the "Parties". By purchasing IRMA Engine Tokens from us during the Sale Period and/or using IRMA Engine Tokens in connection with the Platform (as defined below), you will be bound by these Terms and all terms incorporated by reference. If you have any questions regarding these Terms, please contact us at info@irmatoken.ai. You and Company agree as follows.
Digital Innovations Group, Inc. ("Company") is Wyoming incorporated. The Company will have the primary responsibility for the provision of Services and for administering the development of the Platform. The Platform is developed and operated entirely by the Company. The Company and other corporate affiliates will provide certain administrative, technical and development services in connection with the Services and the Platform.
Currently, the Platform consists of an AI Engine which automates multiple marketing tasks for social media channels. The Platform was launched in 2025, it automates social media platforms assisting in marketing campaigns and related services. The user data is encrypted, protecting the identities of users. At present, Platform users can improve their social media campaign efforts by strategically automating their social media reach using the IRMA Engine.
The IRMA Engine Token is based on the Solana protocol and conforms to the SPL token standard. As a result of introducing IRMA Engine Token into the Platform, the IRMA Engine will provide a utility for IRMA Engine Token holders. IRMA Engine Token will be the utility token for conducting transactions and obtaining Services on the Platform. The Company intends to introduce new components and features into the Platform ("Platform Functionality"). Currently, it is anticipated that the primary services ("Services") to be facilitated through IRMA Engine Token and the Platform, as developed and made available by Company, will relate to improving the IRMA Engine Token holder's social media campaign efforts by strategically automating their social media reach through the use of the IRMA Engine. However, IRMA Engine Tokens may also be used by other entities that could potentially white label the IRMA Engine or by partnered Company business entities. Further details regarding the Platform are described in the IRMA Engine Token Whitepaper ("Whitepaper"), which is available at: https://irmatoken.ai. The information contained in the Whitepaper and Company's website are of descriptive nature only, and do not, unless explicitly incorporated herein, form part of the Terms. Although the Company intends to develop the Platform in the manner generally described above, it reserves the right to modify features, functionalities or development plans in its sole and absolute discretion.
Unless otherwise stated herein, these Terms govern only your purchase of IRMA Engine Token from us during the Sale Period. The use of IRMA Engine Token in connection with the Services and Platform may be governed by other applicable terms and policies (collectively, the "Platform Terms and Policies"). We may add terms and policies to the Platform in our sole discretion, and may update each of the Platform Terms and Policies from time to time according to modification procedures set forth therein.
Your purchase of IRMA Engine Token from us during the Sale Period is final, and there are no refunds or cancellations except as may be required by applicable law or regulation. We reserve the right to refuse or cancel IRMA Engine Token purchase requests at any time in our sole discretion.
The IRMA Engine Token is issued as a digital service redeemable solely within the Company's ecosystem.
Token holders may use IRMA Engine Tokens to:
The Token is not intended to function as a general medium of exchange, investment, or security.
Ownership of IRMA Engine Token carries no rights, express or implied, other than the right to use IRMA Engine Token as a means to obtain Services of the IRMA Engine, and to enable usage of and interaction with the Platform. In particular, you understand and accept that IRMA Engine Token do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Platform, and/or Company and its corporate affiliates, other than rights relating to the receipt of Services and use of the Platform, subject to limitations and conditions in these Terms and applicable Platform Terms and Policies. IRMA Engine Tokens are not intended to be a digital currency, security, commodity or any other kind of financial instrument.
Company will create up to 1 billion IRMA Engine Tokens through the Smart Contract System. Before the Sale Period Begins a pool of 200 million pre-allocated and distributed IRMA Engine Tokens will be made to the project founders and core team members ("Company IRMA Engine Tokens"). A separate pool of up to 100 million IRMA Engine tokens will be created by the Smart Contract for sale by the Company to purchasers during the Presale Period. 150 million IRMA Engine Tokens will be allocated for public sale via Launchpads. The remaining IRMA Engine Tokens will be allocated between advisors, community rewards, ecosystem incentives, marketing, business partnerships and liquidity reserve. All IRMA Engine Tokens will be of equal functionality and utility.
The Company's pre-sale of IRMA Engine Tokens will be open to a limited number of early adopters and public sale will later be open to the general public via a designated Launchpad.
The sale price of IRMA Engine Tokens on the presale/private sale is $0.003 and the starting trading price is $0.0045. The minimum contribution is $20,000 (or equivalent) and the maximum contribution is $100,000 (or equivalent).
In order to purchase IRMA Engine Tokens during the Sale Period, and to receive the IRMA Engine Tokens you purchase, you must have a Solana compatible wallet that supports SPL tokens on the Solana network. The Company reserves the right to prescribe additional wallet requirements. To initiate a purchase of IRMA Engine Tokens during the Sale Period, you must access the IRMA Engine Token platform at the site address that will be provided to you. Only after you agree to the Terms and Conditions by clicking the "I Agree with the Terms" button will you have access to purchase the IRMA Engine Tokens from our IRMA Engine Token site. Purchasing IRMA Engine Tokens during the Sale Period will trigger the token distribution, pursuant to which the Smart Contract System on the Solana network will automatically create and deliver the corresponding IRMA Engine Tokens to the SPL wallet address from which the SOL were sent. Attempted transactions to purchase IRMA Engine Tokens directly from the Company will be rejected if purchase of IRMA Engine Tokens are made at any time before or after the Sale Period. The Smart Contract System is deployed by the Company from Wyoming, and is programmed so that all transactions it executes shall be deemed executed in such jurisdiction. As such, title to, and risk of loss of, IRMA Engine Tokens, created and delivered by the Smart Contract System passes from the Company to purchasers in Wyoming.
The Token does not represent:
Purchasers acknowledge that the Token is not a security and should not be purchased with any expectation of profit, resale value, or investment return.
The funds that Company receives for IRMA Engine Tokens sold, will be used to compensate engineers, staff, contractors, cover operating costs, marketing expenses, and to address other administrative and unforeseen costs. The following is an estimated, illustrative allocation of these budget items, which Company reserves the right to modify in its sole and absolute discretion:
IRMA Engine Tokens are redeemable solely within the Company's platform for designated goods, services, or access features.
IRMA Engine Tokens cannot be redeemed for cash, cryptocurrency, or any equivalent within the Company's ecosystem.
IRMA Engine Tokens are non-refundable and non-exchangeable, except where required by applicable consumer protection laws.
The Company and IRMA Engine Token holders must comply with all applicable laws, including AML/CFT obligations, sanctions laws, and consumer protection requirements.
The Company reserves the right to:
The Purchaser understands that IRMA Engine Tokens may fluctuate in perceived value, whether or not a secondary market exists, and that the Company makes no representation or guarantee that IRMA Engine Tokens will maintain or increase in value. The Purchaser further acknowledges that IRMA Engine Token utilities or features may be modified, suspended, or discontinued at the Company's discretion, and that IRMA Engine Tokens may lose functionality in the event of technological changes, regulatory restrictions, or Company restructuring. The Purchaser recognizes that the regulatory status of digital tokens remains uncertain in many jurisdictions and that new or changing laws, regulations, or enforcement actions could impact the use, redemption, or value of the IRMA Engine Tokens. The Purchaser understands that IRMA Engine Tokens rely on blockchain and digital wallet technology, which may be subject to bugs, errors, attacks, or other failures, and that loss of private keys, passwords, or unauthorized third party access may result in the irretrievable loss of IRMA Engine Tokens, for which the Company bears no responsibility. The Purchaser affirms that IRMA Engine Tokens are acquired solely for consumptive use within the Company ecosystem and not for investment purposes, and expressly disclaims any expectation of profit, appreciation in value, or resale opportunity. By participating in the IRMA Engine Token presale and by holding or using IRMA Engine Tokens, the Purchaser voluntarily assumes all risks associated with their acquisition, redemption, and use, including legal, technological, financial, and operational risks, and agrees that such participation is entirely at their own risk.
You are responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism you use to receive and hold IRMA Engine Token you purchase from us, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your IRMA Engine Token. We are not responsible for any such losses.
We may determine, in our sole discretion, that it is necessary to obtain certain information about you in order to comply with applicable law or regulation in connection with selling IRMA Engine Token to you. You agree to provide us such information promptly upon request, and you acknowledge that we may refuse to sell IRMA Engine Token to you until you provide such requested information and we have determined that it is permissible to sell you IRMA Engine Tokens under applicable law or regulation.
The purchase price that you pay for IRMA Engine Token is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of IRMA Engine Token, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your purchase of IRMA Engine Token.
By transferring Solana to the smart contract system ("Smart Contract System") to purchase IRMA Engine Token from us, you represent and warrant that:
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless Company and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the "Company Parties") from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys' fees) that arise from or relate to: (i) your purchase or use of IRMA Engine Token, (ii) your responsibilities or obligations under these Terms, (iii) your violation of these Terms, or (iv) your violation of any rights of any other person or entity.
Purchaser certifies they are not:
If any purchaser is later found to be a Sanctioned or Restricted Person, the Company may cancel their IRMA Engine Tokens without compensation.
The Company reserves the right to:
The Company makes no guarantee of IRMA Engine Token liquidity, market value, or resale opportunities.
IRMA Engine Tokens are provided "as is," with no warranties of merchantability, fitness for a particular purpose, or error-free operation.
Purchasers assume all risks related to IRMA Engine Token holding, including loss of private keys or unauthorized third-party access.
The Company shall not be liable for:
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND EXCEPT AS OTHERWISE SPECIFIED IN A WRITING BY US, (A) IRMA Engine Token IS SOLD ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES AS TO IRMA Engine Token, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT; (B) WE DO NOT REPRESENT OR WARRANT THAT THE IRMA Engine Token IS RELIABLE, CURRENT OR ERROR-FREE, MEET YOUR REQUIREMENTS, OR THAT DEFECTS IN IRMA Engine Token WILL BE CORRECTED; AND (C) WE CANNOT AND DO NOT REPRESENT OR WARRANT THAT IRMA Engine Token OR THE DELIVERY MECHANISM FOR IRMA Engine Token IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. Some jurisdictions do not allow the exclusion of certain warranties or disclaimer of implied terms in contracts with consumers, so some or all of the exclusions of warranties and disclaimers in this section may not apply to you.
(A) TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW: (1) IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, LOSS OF USE OR DATA, OR DAMAGES FOR BUSINESS INTERRUPTION) ARISING OUT OF OR IN ANY WAY RELATED TO THE SALE OR USE OF IRMA Engine Token OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE); AND (2) IN NO EVENT WILL THE AGGREGATE LIABILITY OF COMPANY AND THE COMPANY PARTIES (JOINTLY), WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR OTHER THEORY, ARISING OUT OF OR RELATING TO THESE TERMS OR THE USE OF OR INABILITY TO USE IRMA Engine Token, EXCEED THE AMOUNT YOU PAY TO US FOR IRMA Engine Token; (B) THE LIMITATIONS SET FORTH HEREIN WILL NOT LIMIT OR EXCLUDE LIABILITY FOR THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR RECKLESS MISCONDUCT OF COMPANY; (C) Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this section may not apply to you.
To the fullest extent permitted by applicable law, you release Company and the other Company Parties from responsibility, liability, claims, demands and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between users and the acts or omissions of third parties. You expressly waive any rights you may have under California Civil Code § 1542 as well as any other statute or common law principles that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.
PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT CONTAINS ADDITIONAL PROVISIONS APPLICABLE ONLY TO INDIVIDUALS LOCATED, RESIDENT, OR DOMICILED IN THE UNITED STATES. IF YOU ARE LOCATED, RESIDENT, OR DOMICILED IN THE UNITED STATES, THIS SECTION REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND CLAIMS WITH COMPANY AND LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM US.
Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, "Disputes") in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Company (i) waive your and Company's respective rights to have any and all Disputes arising from or related to these Terms resolved in a court, and (ii) waive your and Company's respective rights to a jury trial. Instead, you and Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
Any Dispute arising out of or related to these Terms is personal to you and Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
The enforceability of this Section will be both substantively and procedurally governed by, construed and enforced in accordance with the Federal Arbitration Act (the "FAA"), to the maximum extent permitted by applicable law.
Each Party will notify the other Party in writing of any Dispute within thirty (30) calendar days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to Company shall be sent by e-mail to Company at info@irmatoken.ai
Notice to you shall be by email to the then-current email address in your Account. Your notice must include (i) your name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. If you and Company cannot agree how to resolve the Dispute within thirty (30) days after the date notice is received by the applicable Party, then either you or Company may, as appropriate and in accordance with this Section, commence an arbitration proceeding or, to the extent specifically provided for in this Section, file a claim in court.
Any arbitration will occur in Miami, Florida. Arbitration will be conducted confidentially by a single arbitrator in accordance with the rules of the Judicial Arbitration and Mediation Services ("JAMS"), which are hereby incorporated by reference. The state and federal courts located in Miami Dade County, Florida will have exclusive jurisdiction over any appeals and the enforcement of an arbitration award. You may also litigate a Dispute in the small claims court located in the county where you reside if the Dispute meets the requirements to be heard in small claims court.
As limited by the FAA, these Terms and the applicable JAMS rules, the arbitrator will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual's claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
The rules of JAMS and additional information about JAMS are available on the JAMS website. By agreeing to be bound by these Terms, you either (i) acknowledge and agree that you have read and understand the rules of JAMS, or (ii) waive your opportunity to read the rules of JAMS and any claim that the rules of JAMS are unfair or should not apply for any reason.
If any term, clause or provision of this Section is held invalid or unenforceable, it will be so held to the minimum extent required by law, and all other terms, clauses and provisions of this Section will remain valid and enforceable. Further, the waivers set forth in Section are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.
These Terms will be governed by and construed and enforced in accordance with the laws of Wyoming, without regard to conflict of law rules that would cause the application of the laws of any other jurisdiction. Any Dispute between the Parties arising out or relating to these Terms or its subject matter or formation (including non-contractual Disputes of claims) that is not subject to arbitration will be resolved in the courts of Wyoming.
If any term, clause or provision of these Terms is held unlawful, void or unenforceable, then that term, clause or provision will be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms.
These Terms constitute the entire agreement between you and us relating to your purchase of IRMA Engine Token from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms at https://imratoken.ai and update the "Last Updated" date above. We may also attempt to notify you through the IRMA Engine Token website at https://imratoken.ai. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control. Purchasing IRMA Engine Token from us does not create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise provided in herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form.
The Company may update these Terms & Conditions from time to time. Continued holding or use of IRMA Engine Tokens constitutes acceptance of updated terms.
As noted elsewhere in these Terms, the IRMA Engine Token is not being structured or sold as securities or any other form of investment product. Accordingly, none of the information presented here is intended to form the basis for any investment decision, and no specific recommendations are intended. Company expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained herein, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting from such information.
By purchasing, holding and using IRMA Engine Token, you expressly acknowledge and assume the following risks:
A private key, or a combination of private keys, is necessary to control and dispose of IRMA Engine Token stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing IRMA Engine Token will result in loss of such IRMA Engine Token. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a digital wallet or vault service you use, may be able to misappropriate your IRMA Engine Token. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store IRMA Engine Token, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your IRMA Engine Token. Additionally, your failure to follow precisely the procedures set forth in Section "Procedures for Buying and Receiving IRMA Engine Tokens", including for instance, if you provide the wrong address for receiving IRMA Engine Token, may result in the loss of your IRMA Engine Token.
Because IRMA Engine Tokens and the Platform are based on the Solana protocol, any malfunction, breakdown or abandonment of the Solana protocol may have a material adverse effect on the Platform or IRMA Engine Tokens. Moreover, advances in cryptography, or technical advances such as the development of strategic automation of social media marketing reach using the IRMA Engine, could present risks to IRMA Engine Tokens and the Platform, including the utility of IRMA Engine Tokens for obtaining Services, by rendering ineffective the cryptographic consensus mechanism that underpins the Solana protocol.
Hackers or other malicious groups or organizations may attempt to interfere with the Platform or IRMA Engine Tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. There is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the Platform, which could negatively affect the Platform and IRMA Engine Tokens, including IRMA Engine Tokens' utility for obtaining Services.
IRMA Engine Tokens are intended to be used solely on the Platform, and Company will not support or otherwise facilitate any secondary trading or external valuation of IRMA Engine Tokens. This restricts the contemplated avenues for using IRMA Engine Tokens to obtain Services or access the Platform, and could therefore create illiquidity risk with respect to the IRMA Engine Tokens you hold. Even if secondary trading of IRMA Engine Tokens is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to market-related risks. Furthermore, to the extent that third-parties do ascribe an external exchange value to IRMA Engine Tokens (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile and diminish to zero.
Unlike bank accounts or accounts at some other financial institutions, IRMA Engine Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by us, to offer recourse to you.
The regulatory status of IRMA Engine Tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the Platform and IRMA Engine Tokens. Regulatory actions could negatively impact the Platform and IRMA Engine Tokens in various ways, including, for purposes of illustration only, through a determination that IRMA Engine Tokens are a regulated financial instrument that require registration or licensing. Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
The tax characterization of IRMA Engine Tokens is uncertain. You must seek your own tax advice in connection with purchasing IRMA Engine Tokens, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
It is possible that alternative platforms could be established replicating the underlying Platform and attempt to facilitate services that are materially similar to the IRMA Engine Services. The Platform may compete with these alternative platforms, which could negatively impact the Platform and IRMA Engine Tokens, including IRMA Engine Tokens' utility for obtaining Services.
It is possible that the Platform will not be used by a large number of individuals, companies and other entities or that there will be limited public interest in the creation and development of distributed platforms (such as the Platform) more generally. Such a lack of use or interest could negatively impact the development of the Platform and the potential utility of IRMA Engine Tokens, including its utility for obtaining Services.
The Platform is still under development and may undergo significant changes over time. Although we intend for IRMA Engine Tokens and the Platform to follow the specifications set forth in these Terms and Conditions, and will take commercially reasonable steps toward those ends, we may have to make changes to the specifications of IRMA Engine Tokens or the Platform for any number of legitimate reasons. This could create the risk that IRMA Engine Tokens or the Platform, as further developed and maintained, may not meet your expectations at the time of purchasing IRMA Engine Tokens. Furthermore, despite our good faith efforts to develop and maintain the Platform, it is still possible that the Platform will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Platform and the potential utility of IRMA Engine Tokens, including its utility for obtaining Services.
The Company team intends to use the proceeds from selling IRMA Engine Tokens to fund the maintenance and continued development of the Platform. The proceeds of the sale of IRMA Engine Tokens will be denominated in SOL, and may, at our discretion, be converted into other cryptographic and fiat currencies. If the value of SOL or other currencies fluctuates unfavorably during or after the Sale Period, the Company team may not be able to fund the continued development, or may not be able to maintain the Platform in the manner that it intended.
It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of Solana (or other cryptographic and fiat currencies), decrease in IRMA Engine Tokens' utility (including its utility for obtaining Services), the failure of commercial relationships, or intellectual property ownership challenges, the Platform may no longer be viable to operate and the Company may dissolve.
Because IRMA Engine Tokens confer no governance rights of any kind with respect to the Platform or Company, all decisions involving the Platform or Company will be made by Company at its sole discretion, including, but not limited to, decisions to discontinue the Platform, to sell more IRMA Engine Tokens for use in the Platform, or to sell or liquidate the Company. These decisions could adversely affect the Platform and the utility of IRMA Engine Tokens that you hold, including IRMA Engine Tokens' utility for obtaining Services.
The Company's growth and adoption of the Platform may depend on our ability to maintain and expand our existing relationships with business partners and our ability to develop new relationships with other businesses within the Platform. As the Artificial Intelligence ("AI") market generates and develops new concepts and technology, we may incur additional costs to implement a more effective Platform and may have to adjust to new tracking and unforeseeable technologies that could diminish the effectiveness of our IRMA Engine Tokens and other attention measuring metrics. Continuing to develop and improve the Platform to keep up with these changes may require significant time and additional investment. If we cannot continue to develop and improve the Platform to maintain competitiveness in light of such changes, the Platform may not remain viable, which could negatively impact the utility of IRMA Engine Tokens, including IRMA Engine Tokens' utility for obtaining Services.
The AI and Blockchain technology ecosystems, and by extension our own Platform, are subject to a variety of federal, state and international laws and regulations, including those with respect to consumer privacy, data protection, consumer protection, content regulation, network neutrality, cyber security, data protection, intellectual property (including copyright, patent, trademark and trade secret laws), defamation, child protection, and others. These laws and regulations, and the interpretation or application of these laws and regulations, could change. In addition, new laws or regulations affecting the Company could be enacted. As the Platform evolves, Company may be subject to new laws and the application of existing laws to us might change. These laws and regulations are frequently costly to comply with and may divert a significant portion of Company's attention and resources. If we fail to comply with these applicable laws or regulations, we could receive negative publicity and be subject to significant liabilities which could adversely impact the Company, the Platform and IRMA Engine Tokens, including IRMA Engine Tokens' utility for obtaining Services. Additionally, the Services within the Platform are subject to industry specific laws and regulations or licensing requirements. If any of these parties fails to comply with any of these licensing requirements or other applicable laws or regulations, or if such laws and regulations or licensing requirements become more stringent or are otherwise expanded, it could adversely impact the Platform and IRMA Engine Tokens, including IRMA Engine Tokens' utility for obtaining Services.
Cryptographic tokens such as IRMA Engine Token are a new and untested technology. In addition to the risks included in this Section, there are other risks associated with your purchase, holding and use of IRMA Engine Token, including those that the Company cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Section.