Terms and Condition for CPCoin Purchase and Usage

Effective Date: November 3, 2024

 

  1. Overview

These Terms & Conditions (T&C) govern the purchase, use, and distribution of CPCoin (CPC), a utility token that powers transactions within the CryptoPerformance Ecosystem, offered  by Global Performance Group LLC. By purchasing CPCoin, buyers acknowledge and agree to be bound by these T&Cs, which set forth the rights, obligations, and responsibilities of all parties involved. These T&Cs outline the intended purposes of CPCoin, describe limitations on its use, specify legal obligations, and disclose associated risks. The T&Cs also emphasize that CPCoin is a utility token with specific functionalities in the ecosystem, and it is not intended as a traditional investment or financial instrument.

With any purchase, buyers confirm they have understood the terms and agree to all provisions outlined within. This T&C is legally binding on all purchasers, who are also advised to conduct thorough due diligence and consult with legal and financial advisors as needed before engaging in any transactions involving CPCoin.

 

  1. Offeror Information
  • Company: Global Performance Group LLC
  • Country: Bulgaria
  • City: Sofia, Postal Code 1799
  • Address: Mladost-2, bl. 257Б, ground floor
  • Company ID: 207196607
  • Legal Entity Identifier (LEI): 984500366365DBFE3R98
  1. Purpose and Utility of CPCoin

CPCoin is a utility token designed to enable secure transactions, reward users, and facilitate various activities within the CryptoPerformance Ecosystem. It serves as the native currency on the CPCx0 blockchain with specific functionalities including:

  • Payment of Transaction Fees: CPCoin can be used to pay transaction fees on the CPCx0 Chain, making it essential for on-chain activities.
  • Validator Rewards: CPCoins are awarded to validators who support the blockchain’s security and transaction validation.
  • Platform Services: CPCoin is accepted across various platform services, such as CP SAFE (digital asset storage), CP PAY APP (payment solutions), CP MERCHANT (merchant solutions), and CP Payroll.
  • Staking Benefits: CPCoin holders may stake their coins within the platform to earn rewards, incentivizing active participation and stability within the network.
  1. Exceptions to Withdrawal Right

While the withdrawal right generally applies to most purchases of crypto-assets, there are exceptions. One such exception, outlined in Regulation (EU) 2023/1114 on markets in crypto-assets, states that the withdrawal right does not apply if the crypto-assets in question are admitted to trading on the market before the consumer purchases them. This exception is due to the inherent volatility of such assets, where their value fluctuates based on market demand and other factors.

 

In the case of CPCoin, it is stated that the right of withdrawal does not apply because CPCoin is admitted to trading and traded on multiple exchanges. Therefore, consumers who purchase CPCoin are not entitled to a right of withdrawal, and all purchases of CPCoin are considered final and non-refundable.

  1. Locking Period for Referral Bonuses

CPCoins acquired through the “Refer-a-Friend” program are subject to a mandatory six-month lock-up period starting from the date of receipt. During this period, these tokens are non-transferable, meaning they cannot be sold, gifted, or otherwise moved to another account or user. Additionally, these locked tokens are restricted from use within the CryptoPerformance Ecosystem and cannot be utilized for transactions, staking, or any other functionality provided within the platform.

This lock-up period is implemented to ensure stability within the ecosystem and to encourage long-term engagement from participants. Upon completion of the six-month period, these CPCoins will automatically become available for full use within the ecosystem, at which point holders may transfer, trade, or utilize them as they see fit, in accordance with the prevailing Terms & Conditions.

 

  1. CPCoin Ecosystem Details
  • Fixed Supply: CPCoin has a total fixed supply of 250 million tokens, ensuring scarcity and preventing inflation.
  • Transaction Speeds and Scalability: Built on the CPCx0 Chain, CPCoin transactions are secure, fast (approximately 15-second confirmation), and capable of handling high transaction volumes to support various applications, including payments, micropayments, and cross-platform integrations.
  • Interoperability and Cross-Chain Capabilities: CPCoin supports seamless interaction with other blockchain networks, allowing users to leverage cross-chain functionalities.
  • Eco-Friendly Consensus Mechanism: CPCoin operates on an energy-efficient Proof-of-Stake (PoS) mechanism, reducing environmental impact while maintaining security and decentralization.
  1. No Warranties or Guarantees

Global Performance Group LLC provides no warranties, assurances, or guarantees regarding CPCoin or its value, availability, or functionality. Buyers acknowledge that CPCoin is offered “as is,” without any commitments from Global Performance Group LLC regarding its current or future utility, market performance, or availability. Specifically, Global Performance Group LLC makes no guarantees about the following:

  • Market Value: The value of CPCoin is determined by market demand on third-party exchanges and may experience significant fluctuations. Global Performance Group LLC does not control CPCoin’s market price, nor can it provide any stability, predictability, or assurances regarding its valuation.
  • Legality in Buyer’s Jurisdiction: Buyers are solely responsible for ensuring that the purchase, holding, and use of CPCoin is lawful in their jurisdiction. Global Performance Group LLC bears no responsibility for any legal restrictions or regulatory issues that may arise, and buyers are advised to consult with legal professionals if they are unsure of CPCoin’s legality in their location.
  • Financial Returns or Future Value: CPCoin is intended solely as a utility token within the CryptoPerformance Ecosystem and is not marketed or sold as an investment. It offers no financial return, income, dividends, or guaranteed increase in value. Buyers should not expect any profit or appreciation from holding CPCoin.
  • System Uptime and Functionality: Although CPCoin is designed to provide specific utilities within the CPCx0 ecosystem, Global Performance Group LLC does not guarantee uninterrupted access, system uptime, or the availability of any specific features. Technical issues, updates, or other unforeseen events may impact functionality, and Global Performance Group LLC is not liable for any resulting limitations in CPCoin’s usage.
  1. Buyer Responsibilities

Buyers of CPCoin accept the following responsibilities and obligations:

  • Legal Compliance: Buyers are required to ensure that purchasing, holding, and using CPCoin complies with all applicable laws, regulations, and rules in their jurisdiction. Global Performance Group LLC is not liable for any legal issues arising from non-compliance with local laws.
  • Tax Obligations: Buyers are solely responsible for identifying, calculating, and fulfilling any tax obligations associated with their acquisition, holding, or use of CPCoin. This includes, but is not limited to, capital gains, income, or other applicable taxes. Global Performance Group LLC does not provide tax advice and will not be held accountable for any tax implications associated with CPCoin transactions.
  • Legal Age Requirement: Buyers must meet the minimum legal age required in their country of residence to enter into a legally binding contract and to purchase CPCoin. By agreeing to these Terms & Conditions, buyers confirm that they meet this legal age requirement. Failure to meet this requirement may result in the forfeiture of CPCoin rights and ownership without any liability on the part of Global Performance Group LLC.
  1. Risk Disclosure

Purchasing CPCoin involves inherent risks that buyers should carefully consider. By purchasing CPCoin, buyers acknowledge and accept these risks, including but not limited to:

  • Market Volatility: The price of CPCoin may experience extreme volatility due to market dynamics, supply and demand fluctuations, and other factors beyond the control of Global Performance Group LLC. CPCoin is not intended for speculative or investment purposes, and buyers should be prepared for potential price declines or rapid changes in value.
  • Regulatory Changes: The legal and regulatory landscape for cryptocurrencies is constantly evolving and varies significantly across jurisdictions. New regulations or changes to existing laws may impact CPCoin’s legality, availability, or use within certain regions. Buyers accept the risk that regulatory changes may restrict their ability to own, use, or transfer CPCoin in the future, and Global Performance Group LLC is not responsible for any resulting limitations or losses.
  • Security Risks: As with all digital assets, CPCoin is vulnerable to cybersecurity threats, including but not limited to hacking, phishing, malware, denial-of-service attacks, and other malicious activities. These threats could result in the loss, theft, or inaccessibility of CPCoin held by buyers. Global Performance Group LLC implements industry-standard security practices but cannot guarantee complete protection against all cybersecurity risks and is not liable for losses arising from such events. Buyers are strongly encouraged to take additional security measures to safeguard their accounts and digital assets.
  • Technical and System Risks: Blockchain technology and digital assets are complex and subject to technological risks, including potential software bugs, hardware failures, network disruptions, and unforeseen technical issues. Such risks may lead to delayed transactions, service interruptions, or other operational issues that could affect CPCoin’s functionality and accessibility. Global Performance Group LLC is not liable for any losses or inconveniences arising from technical or system-related risks, particularly in circumstances where they do not have control over.
  1. Limitation of Liability

Global Performance Group LLC disclaims all liability to the fullest extent permitted by law. By purchasing CPCoin, buyers agree that Global Performance Group LLC will not be liable for any damages, losses, or claims arising from or related to CPCoin, including but not limited to:

  • Market Losses: Losses due to fluctuations in CPCoin’s price on exchanges, within the CryptoPerformance Ecosystem, or in any marketplace. Buyers accept full responsibility for the potential market volatility associated with CPCoin.
  • Legal Violations: Any legal consequences or penalties arising from the buyer’s violation of applicable laws or regulations in their jurisdiction related to the purchase, ownership, or use of CPCoin. Buyers are solely responsible for ensuring compliance with local legal requirements.
  • Third-Party Exchange Issues: Losses, including financial losses or loss of access, incurred on third-party exchanges or platforms where CPCoin is traded. Global Performance Group LLC is not affiliated with, and does not control, third-party exchanges, and is not responsible for any issues that may arise on these platforms.
  • Unauthorized Access: Losses resulting from unauthorized access to user accounts or digital wallets, including but not limited to losses caused by account hacks, phishing, or password breaches. Buyers are responsible for securing their accounts and wallets with appropriate measures, and Global Performance Group LLC is not liable for any unauthorized access incidents.
  • Force Majeure Events: Global Performance Group LLC shall not be held liable for any delays, failures, or damages resulting from events beyond its reasonable control, including natural disasters, power outages, civil unrest, changes in law, regulatory actions, or other unforeseen events (“force majeure”). Such events may impact the operation, availability, or value of CPCoin without any liability on the part of Global Performance Group LLC.

 

  1. Consumer Protection and Security

The CryptoPerformance Ecosystem incorporates strong security measures, including elliptic curve cryptography (ECC) and SHA256 hashing, to protect user transactions and data on the CPCx0 Chain. However, the buyer is responsible for maintaining adequate security for their own devices and accounts.

  1. Governing Law and Jurisdiction

These Terms & Conditions are governed by Bulgarian law, and any disputes will be settled under Bulgarian jurisdiction, in compliance with European Union regulations where applicable.

  1. Acceptance of Terms

By purchasing CPCoin, the buyer acknowledges and agrees to abide by these Terms and Conditions (T&Cs), which are legally binding. This agreement signifies the buyer’s understanding that they have read, comprehended, and accepted all provisions outlined in these T&Cs. The buyer further agrees that their purchase constitutes acceptance of the terms stipulated herein and that any transactions carried out are subject to these rules. Should the buyer not agree with any of the conditions laid out in this document, they are advised to refrain from completing the purchase.

  1. Modifications to Terms

Global Performance Group LLC reserves the right to modify these T&Cs at any time. Any updates will be posted on our website, and continued use or purchase of CPCoin constitutes acceptance of the modified terms.

  1. Restricted Jurisdictions

Restricted Jurisdictions means the United States, Canada (Ontario only), the United Kingdom, the People’s Republic of China, and any country, region, or jurisdiction subject to sanctions as listed in the United Nations Security Council Sanctions List, the European Union Consolidated Sanctions List, the United Kingdom Sanctions List (as maintained by the Office of Financial Sanctions Implementation, or OFSI), and the U.S. Specially Designated Nationals and Blocked Persons List (SDN List) maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). This includes, but is not limited to, the Democratic People’s Republic of Korea, the Democratic Republic of the Congo, Iran, Libya, Somalia, South Sudan, Sudan, Russia, Belarus, and Yemen. The Company reserves the right to amend or expand the list of Restricted Jurisdictions at any time without prior notice, in accordance with updates to applicable sanctions lists, regulatory requirements, or other considerations as determined by the Company.

  1. Transparency and Information Disclosure

This document, along with the CPCoin white paper, offers a detailed overview of the token’s functionalities, associated risks, and the overall ecosystem. Buyers are strongly encouraged to review these materials carefully to gain a complete understanding of CPCoin. It is advisable for potential buyers to consult with professional advisors if needed before proceeding with their purchase. For any additional questions or concerns, please feel free to reach out to Global Performance Group LLC at [email protected].

 

 

Safety : CryptoPerformance operates under the rules of financial, operational and legal safety, as well as AML and KYC regulations. All transactions are processed via encrypted HTTPS connections with the use of safe TLS protocols and encryption algorithms.

Copyright ©️ 2019-2024 CryptoPerformance Group. All Rights Reserved.

Safety : CryptoPerformance operates under the rules of financial, operational and legal safety, as well as AML and KYC regulations. All transactions are processed via encrypted HTTPS connections with the use of safe TLS protocols and encryption algorithms.

Terms

Copyright ©️ 2019-2024 CryptoPerformance Group. All Rights Reserved.