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In order to fund the development of the Foodcoin ecosystem, token that will be sold to the public, in exchange of cryptocurrencies. The Foodocoin token is a coin, which will allow the User to access the service provided by the 1000EcoFarms platform and network.
The Foodcoin token does not have the legal qualification of a security, since it does not give any rights to dividends or interests. The sale of Foodcoin tokens is final and non-refundable. Foodcoin tokens are not shares and do not give any right to participate to the general meeting of Foodcoin Group AG. Foodcoin tokens cannot have a performance or a particular value outside the Foodcoin network.
Foodcoin tokens shall therefore not be used or purchased for speculative or investment purposes. Foodcoin Tokens will not be listed on any regulated stock exchange. Neither these Whitepaper nor any other material relating to the Offer, Foodcoin Network or Foodcoin Tokens will be or have been filed with regard to legal standards such as the Federal Act on Stock Exchanges and Securities Trading law, the Financial Market Infrastructure Act, the Collective Investment Schemes Act, which are not applicable to this token sale Therefore laws and acts that ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory scrutiny for the investors' protection, are not applicable in this case.
Every purchaser of the Foodcoin Token should receive proper advice in order to understand whether the purchase of the Token is appropriate for him or not. Anyone purchasing Foodcoin tokens expressly acknowledges and represents that she/he has carefully reviewed this white paper and fully understands the risks, costs and benefits associated with the purchase of Foodcoin tokens.