PlanetSandbox
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GAMEPLAY
Tokens - $PSB and $PULV
business model
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Disclaimer
PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS, OR TAX ADVICE. YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER PLANET SANDBOX (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE PLANET SANDBOX TEAM) WHO HAVE WORKED ON PLANET SANDBOX (AS DEFINED HEREIN) OR PROJECT TO DEVELOP PLANET SANDBOX IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF $PSB OR $PULV TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, DECK OR MATERIAL RELATING TO $PSB OR $PULV (THE TOKEN DOCUMENTATION) AVAILABLE ON THE WEBSITE AT HTTPS://PLANETSANDBOX.IO/ (THE WEBSITE, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.
Project purpose
You agree that you are acquiring $PSB and $PULV to participate in Planet Sandbox and obtain services on the ecosystem thereon. The Company, the Distributor, and their respective affiliates would develop and contribute to the underlying source code for Planet Sandbox. The Company is acting solely at an arms’ length of the third party about the $PSB or $PULV distribution and not in the capacity as a financial advisor or fiduciary of any person about the distribution of $PSB or $PULV
Nature of the Token Documentation
The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for creating a digital token(s) known as $PSB and $PULV respectively. The Token Documentation and the Website are intended for general informational purposes only. They do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, any offer to sell any product, item, or asset (whether digital or otherwise), or any recommendation to engage in business with any external individual or entity provided in said documentation. The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a contractual relationship. There is no assurance as to the accuracy or completeness of such information, and no representation, warranty, or undertaking is purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates, and the Planet Sandbox team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that circumstances may change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection to that.
Token Documentation
Nothing in the Token Documentation or the Website constitutes an offer by the Company, the Distributor, or the Planet Sandbox team to sell any $PSB or $PULV (each as defined herein), nor shall it or any part of it nor the fact of its presentation form the basis of or be relied upon in connection with, any contract or investment decision. Nothing contained in the Token Documentation or the Website is or may be relied upon as a promise, representation, or undertaking as to the future performance of Planet Sandbox. The agreement between the Distributor (or any third party) and you, about any distribution or transfer of $PSB or $PULV, is to be governed only by the separate terms and conditions of such agreement. The information set out in the Token Documentation, and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of $PSB or $PULV, and no digital asset or another form of payment is to be accepted based on the Token Documentation or the Website. The agreement for distribution of $PSB/$PULV or continued holding of $PSB/$PULV shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution or continued holding of $PSB or $PULV (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions shall prevail.
Deemed Representations and Warranties
By accessing the Token Documentation or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the Planet Sandbox team as follows:
(a) in any decision to acquire any $PSB or $PULV, you have not relied on and shall not rely on any statement set out in the Token Documentation or the Website;
(b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
(c) you acknowledge, understand and agree that $PSB and $PULV may have no value, there is no guarantee or representation of value or liquidity for $PSB or $PULV, and neither $PSB nor $PULV are investment products nor are they intended for any speculative investment whatsoever;
(d) none of the Company, the Distributor, their respective affiliates, and/or the Planet Sandbox team members shall be responsible for or liable for the value of $PSB or $PULV, the transferability and/or liquidity of $PSB or $PULV and/or the availability of any market for $PSB or $PULV through third parties or otherwise; and
(e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of $PSB or $PULV if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country
(i) where it is likely that the distribution of $PSB or $PULV would be construed as the sale of a security (howsoever named), financial service or investment product and/or
(ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America, Canada, and the People's Republic of China); and to this effect you agree to provide all such identity verification document when requestedforr the relevant checks to be carried out. The Company, the Distributor and the Planet Sandbox team do not and do not purport to Draft for open community review and subject to change makers, and hereby disclaim, all representations, warranties, or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor). To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Token Documentation or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirers of $PSB and $PULV should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of $PSB or $PULV, the Company, the Distributor, and the Planet Sandbox team.
$PSB/$PULV Token
$PSB and $PULV are designed to be utilized. In particular, it is highlighted that $PSB and $PULV:
(a) does not have any tangible or physical manifestation and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
(b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor, or any of their respective affiliates;
(c) does not represent or confer on the token holder any right of any form to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Planet Sandbox, the Company, the Distributor and their service providers;
(d) Our tokens are not intended to represent any rights under a contract for differences or any other agreement, the purpose or pretended purpose of which is to secure a profit or avoid a loss;
(e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme, or any other kind of financial instrument or investment; (f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and (g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates. Notwithstanding the $PSB or $PULV distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution. To the extent a secondary market or exchange for trading $PSB or $PULV does develop, it would be run and operated wholly independently of the Company, the Distributor, the Draft for open community review and subject to change distribution of $PSB or $PULV, and Planet Sandbox. Neither the Company nor the Distributor will create such secondary markets, nor will either entity act as an exchange for $PSB or $PULV
Informational purposes only
The information set out herein is only conceptual and describes the future development goals for Planet Sandbox to be developed. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans of the Planet Sandbox team and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution. Ultimately, the development, release, and timing of any products, features, or functionality remains at the sole discretion of the Company, the Distributor, or their respective affiliates and is subject to change. Further, the Token Documentation or the Website may be amended or replaced from time to time. There are no obligations to update the Token Documentation or the Website or provide recipients with access to any information beyond what is provided herein.
Regulatory approval
No regulatory authority has examined or approved any of the information set out in the Token Documentation or the Website, whether formally or informally. No such action or assurance has been or will be taken under any jurisdiction's laws, regulatory requirements, or rules. The publication, distribution, or dissemination of the Token Documentation or the Website does not imply that the applicable laws, regulatory requirements, or rules have been complied with
Cautionary Note on forward-looking statements
All statements contained herein, statements made in press releases or in any place accessible by the public, and oral statements that may be made by the Company, the Distributor, and the Planet Sandbox team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations to market conditions, business strategy and plans, financial condition, specific provisions, and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements, given that these statements involve known and unknown risks, uncertainties, and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Token Documentation. The Company, the Distributor, and the Planet Sandbox team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms:
The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Token Documentation or the Website to specific companies and platforms are for illustrative purposes only.
English language
The Token Documentation and the Website may be translated into a language other than English for reference purposes only. The English language versions shall prevail in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Website. You acknowledge that you have read and understood the English language version of the Token Documentation and the Website.
No Distribution
No part of the Token Documentation or the Website is to be copied, reproduced, distributed, or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Token Documentation or by accepting any hard or soft copy of the Token Documentation, you agree to be bound by the previous limitations
Lastly
The information in this White Paper is subject to change or update and should not be construed as a commitment, promise, or guarantee by Planet Sandbox or any other individual or organization mentioned in this white paper relating to the future availability of services related to the use of the tokens or to their future performance or value. The document does not constitute an offer or solicitation to sell shares or securities. It does not constitute or form part of and should not be construed as an offer for sale or subscription of or any invitation to buy or subscribe for any securities not should it or any part of it form the basis of or be relied upon in any connection with any contract or commitment whatsoever. The Sandbox expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from reliance on any information contained in the white paper, any error, omission, or inaccuracy in any such information or any action resulting therefrom.
This is not a recommendation to buy or financial advice, It is strictly informational. Do not trade or invest in any tokens, companies, or entities based solely upon this information. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. Investors should conduct independent due diligence, with assistance from professional financial, legal, and tax experts, on topics discussed in this document and develop a standalone judgment of the relevant markets prior to making any investment decision.
We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether expressed or implied. All market prices, data, and other information are not warranted as to completeness or accuracy, are based upon selected public market data, reflect prevailing conditions, and our view as of this date, all of which are subject to change without notice. The graphs, charts, and other visual aids are provided for informational purposes only. None of these graphs, charts, or visual aids can be used to make investment decisions. No representation is made that these will assist any person in making investment decisions. No graph, chart, or other visual aid can capture all factors and variables required to make such decisions.
The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. No representations or warranties are made as to the accuracy of such forward-looking statements. Any projections, forecasts and estimates contained in this document are necessarily speculative in nature and are based upon certain assumptions. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond control. It can be expected that some or all of such forward-looking assumptions will not materialize or will vary significantly from actual results.
Last modified 2mo ago
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