Creation and Distribution of Tokens Sample Clauses

Creation and Distribution of Tokens. 7.1. Following the results of the Token Presale and the Token Sale, Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Presale and the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof.
Sample 1
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Creation and Distribution of Tokens. Following the results of the Token Sale, the Company will make a register containing the information on the number of Tokens paid by all Token purchasers during the Token Sale, and the number of the Bonus Tokens accrued in accordance with the terms and conditions hereof. The information specified in Clause 6.1 hereof will be downloaded to the Token smart contract, which will then create the Tokens and distribute them among all interested parties. The Company anticipates that distribution of the Tokens from the Token smart contract to the Token purchasers will occur within 6 calendar weeks from the Sale Expiration Date. The total number of Tokens which will be created by the Token Smart Contract amounts to 900,000,000 Tokens and shall be equal to the sum of the following: 45 % of total number of Tokens which shall be made available for purchase by all Buyers in accordance with the terms and conditions hereof. 15 % of the total number of Tokens shall be distributed towards the management team of the Company and the Company Affiliates. 30 % of the total number of Tokens shall be distributed towards marketing and community development initiatives and bounty programs. 10% % of the total number of Tokens shall be kept within a reserve fund managed by the Company ("Reserved Tokens"). The Tokens specified in Clause 6.4(i) hereof in the number due to each Buyer or the third party (if any), will be distributed by the Token smart contract to the address of respective person's wallet. The Reserved Tokens in full will be distributed by the Token smart contract to the Company. The Company anticipates to use the Reserved Tokens, at its sole discretion, for the purposes indicated in the Whitepaper. All Tokens will be of equal value and functionality. PASSING OF TITLE AND RISKS The Token is deployed by the Company from British Virgin Islands and is programmed so that all transactions it executes will be executed in British Virgin Islands. As such, title to, and risk of loss of, the Tokens delivered by the Token smart contract passes from the Company to purchasers in British Virgin Islands. STOP OF DISTRIBUTION PROCESS The Company reserves a right to an emergency to stop the process of distribution of the Tokens in limited situations, such as, but not limited to: serious security issues detected; serious network performance issue, depriving all users of equal treatment; and any type of material attack on the Tokens, the Website or Ethereum network.
Sample 1
Creation and Distribution of Tokens. 7.1. Distribution of the Tokens from the Token Smart Contracts to the Acquiror shall take place:
Sample 1

Related to Creation and Distribution of Tokens

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • Distribution of Agreement The Employer agrees to make available to each employee a copy of this Agreement and to provide a copy of the same Agreement to all new employees entering the employment of the Employer.

  • Distribution of the Agreement 1. The Board will continue as in the past to print the Agreement for distribution to the members of the bargaining unit.

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