Disclaimer
Please note that this notice applies to everyone who reads this white paper, and the notice may be changed or updated. If you are unsure about your future actions, we recommend that you seek advice from legal, financial, tax, or other experts. The information provided in the white paper and website is for reference only and does not provide advice regarding the purchase of 'CTN'. In addition, all transactions, including the purchase and sale of 'CTN', must be carried out under the responsibility of the parties.
| Legal Notice
This white paper has been distributed for general reference purposes only in relation to the ‘CTN’ project and may be reviewed and modified. Please note that this white paper reflects the latest information as of the date of the cover and is not the final version. After the date, the information in this document may change depending on the business operation and financial status of ‘CTN’. This white paper may be updated from time to time.
No one is obligated to enter into any contract or legally binding contract related to the sale of ‘CTN’, and no funds shall be accepted on the basis of this white paper. The sale of ‘CTN’ is made through a legally binding contract, and related details are provided separately from the white paper. In case of any inconsistency between the contract and the contents of this white paper, the contract shall prevail.
This white paper shall not in any case be construed as an offer to sell or purchase tokens by the token issuer/distributor/company to 'CTN', and the presentation of this document or the document itself shall not be based or relied on for contract and investment decisions .
‘CTN’ is not intended to constitute a unit of securities, business trusts, or collective investment schemes. These definitions are those set out in the South Korea Securities and Futures Act or equivalent regulations in other jurisdictions. Therefore, this white paper is not provided as a business plan, business prospectus, proposal, etc., and should not be construed as an investment proposal or solicitation, such as securities, business trust units, or collective investment plans, in any jurisdiction.
‘CTN’ shall not be understood, interpreted, classified, or treated as an opportunity for purchasers to participate in connection with the platform, tokens, or products, or to receive return on investment/income/payment/profit or any portion thereof.
In jurisdictions where the coin/token issuance method specified in this white paper is regulated or prohibited, this document cannot be reproduced, distributed, etc., in whole or in part.
The information contained in this white paper has not been reviewed, tested or approved by any regulatory authority. No such action has been taken in any jurisdiction and never will be.
When purchase 'CTN', must not understand, interpret, classify or treat 'CTN' as follows.
(a) Currencies other than cryptocurrency
(b) Bonds and stocks issued by any institution
(c) Rights, options and derivatives in these bonds and stocks;
(d) Rights under contracts for difference and other contracts whose purpose is or impersonated for the purpose of guaranteeing a return on investment or avoiding losses.
(e) Units of securities such as collective investment plans, business trusts, or derivatives
| Restrictions on distribution and dissemination
Distribution or dissemination of this white paper in whole or in part may be prohibited or restricted by the laws or regulatory requirements of any jurisdiction. If restrictions apply, you must familiarize yourself with the restrictions that may be applied by possession of this white paper, seek legal advice, and comply with them, FNPWorks co.,Ltd and executives, employees, agents, and affiliates (hereinafter referred to as ‘CTN and affiliates’) are not responsible for this.
If you have read or possessed this white paper due to distribution and dissemination, you must not share this white paper or its contents with others by distributing, duplicating, etc., for any purpose. Also, you must not allow or cause to happen.
| EXCLUSION OF LIABILITY
The related services provided by ‘CTN and its affiliates’ are provided ‘as is’ and ‘as available’. ‘CTN and its affiliates’ do not make any express or implied guarantees or representations regarding the accessibility, quality, suitability, accuracy, adequacy, completeness, etc. of tokens and related services. It also states that we are not responsible for any errors, delays, omissions or actions taken in reliance on this in this regard.
‘CTN and Affiliates’ includes, to the maximum extent permitted by applicable laws, regulations and rules, any loss of revenue, income or profits arising from the purchase of CTN. However, we are not liable in any jurisdiction for any loss of any kind, without limitation.
‘CTN and its affiliates’ are not responsible for customers who violate the ICO-related laws, regulations and rules of their respective countries.
EXCLUSION OF LIABILITY: All costs, including all claims, compensation, losses and attorneys' fees
| Forward-looking statements
This white paper contains forward-looking statements based on current estimates and assumptions. However, 'CTN' is under no obligation and takes no responsibility on update any forward-looking statements regarding risks, uncertainties and actual results, changes or other factors that may affect future events, either on its website or in other materials generated by CTN.
Forward-looking statements may involve various risks and uncertainties. These statements are not guarantees of future performance and therefore should not be relied on unduly.
As of the date this white paper was written, the ‘CTN’ platform has not been completed or fully operational. Although written on the premise that the platform will be fully completed and operational in the future, this should not be construed as a guarantee or promise as to the completion and complete operation of the platform.
| Potential Risk
Before deciding to purchase or participate in ‘CTN’, we recommend that you read the following carefully and thoroughly analyze and understand the relevant factors and risks. Risks include, but are not limited to the followings.
Restriction of access to ‘CTN’ due to loss of identification information, loss of essential private key related to digital wallet that stores ‘CTN’, etc. Risk of negligence of purchasers related to storage.
Changes in the political, social and economic environment, changes in the stock or cryptocurrency market environment, changes in the regulatory environment of countries in which 'CTN and its affiliates' operate, and changes in the regulatory environment in which 'CTN and its affiliates' can survive or compete in this environment or risks related to changes in capability. Existing/new regulations related to blockchain technology that are unfavorable to ‘CTN’ may be applied in certain jurisdictions, and as a result, significant changes may occur to the ‘CTN’ ecosystem and projects such as abolition/loss of ‘CTN’.
Changes in the future capital needs of 'CTN and its affiliates', risks related to changes in capital and capital availability, and lack of funds may affect the development of the platform of 'CTN' and the use and potential value of 'CTN'.
The 'CTN' activities may be suspended, disbanded, or the launch plan may be suspended due to various reasons such as unfavorable fluctuations in the value of 'CTN', failure of business relationships, and claims of intellectual property rights of competitors during development/operation, and this may adversely affect on the 'CTN' ecosystem, tokens, and the potential use of the tokens.
We do not grant any decision-making authority to other entities in relation to the project, ecosystem, etc. of ‘CTN’. All decisions, including suspension of service, platform, and ecosystem of ‘CTN’, additional creation and sale of ‘CTN’ used in the ecosystem, sale and liquidation, etc., are made at the discretion of FNPWorks co.,Ltd.
The tax and accounting practices of ‘CTN’ may vary from jurisdiction to jurisdiction. Purchasing ‘CTN’ may adversely affect your tax treatment and we recommend that you seek independent tax advice in this regard. In addition to the risks listed above, there are other risks that CTN and its affiliates cannot foresee. There may also be risks of unexpected combinations and variations. If the above risks and uncertainties develop into actual situations, the business, financial condition, outlook, and operation results of ‘CTN and its affiliates’ may be materially and negatively affected. In this case, you may lose some or all of the token value of ‘CTN’.
| ICO Participation Restrictions
CTN cannot directly or indirectly participate in the ICO of ‘CTN’ by US citizens, residents or permanent resident holders and citizens of countries where ICO participation is prohibited.
CTN is not returned under any circumstances, except when the sales rate is 10% or less after the end of the ICO.
Details of the refund process will be updated on our website or through other materials.
| Proper Law of Contract Clause
FNPWorks co.,Ltd is established in South Korea, and this white paper is interpreted and regulated in accordance with South Korea laws, regardless of the principles of international business.
| No Additional Information and Updates
Regarding ‘CTN and its affiliates’ and related businesses and operations, no one has the right to provide information or explanations other than those contained in this white paper. Even if such information or explanations are provided, they should not be construed as being authorized by or on behalf of CTN and its affiliates.
| No Consultation
No information in this white paper shall be regarded as business, legal, financial or tax advice for ‘CTN and its affiliates’. We recommend that you seek advice from other experts, such as legal, finance, and tax, for ‘CTN and its affiliates’ and related businesses and operations.
The financial risk of the purchase of ‘CTN’ may apply indefinitely.
| KYC Compliance
Customers participating in CTN's sales are required to comply with the Customer Real-Name Verification Procedure (KYC) regulations and all other applicable regulations after crowdsale for identification purposes. Therefore, CTN will do its best to provide convenience and stability to customers based on mutual trust as follows.
'CTN' complies with ICO-related laws such as KYC and the Anti-Money Laundering Act (AML).
‘CTN’ complies with the Personal Information Protection Act to protect customers’ personal information, including user registration information.
‘CTN’ uses the collected KYC personal information only as information for the O2O token sale, and discards the documents submitted for KYC after the ICO ends. Details of the KYC process will be updated on our website or other materials.
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