Post
Topic
Board Altcoin Discussion
Re: PSA: EOS Tokens have no purpose and are completely useless
by
Devnant
on 26/06/2017, 11:50:44 UTC
Have you people ever read disclaimers & disclosures when signing something meaningful?  Obviously they do not want any sort of financial litigation towards their company, completely normal.

Do business in the real world and you deal with these daily, no way around it with a world filled with happy to sue lawyers.

Yep.

https://tokensale.civic.com/CrowdsaleTerms.pdf

(c) Purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied,.... other than the right to use Tokens as a means to enable usage of and interaction with Services enabled by the Ecosystem, if successfully completed and deployed. In particular, you understand and accept that Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Ecosystem and/or Company and its corporate affiliates, other than any rights relating to the provision and receipt of Services in the Ecosystem, subject to these Terms. The Tokens are not intended to be a digital currency, security, commodity, or any kind of financial instrument.

BIG difference from EoS: https://www.eos.io/purchase_agreement

Furthermore, EOS Tokens will not have any functionality or rights on the EOS Platform and holding EOS Tokens is not a guarantee, representation or warranty that the holder will be able to use the EOS Platform, or receive any tokens utilized on the EOS Platform, even if the EOS Platform is launched and the EOS.IO Software is adopted, of which there is no guarantee, representation or warranty made by Company.