Terms & Conditions

Welcome! Please carefully read the following Terms and Conditions of Use ("Terms of Use") before using this website ("bitcoinenhanced.io"). By using this Site, you agree to follow and be bound by these Terms of Use, which govern your use of the Site.

Data, Information, and Content

The Materials on this Site are for Information, education, and non-commercial purposes only. Although Bitcoin Enhanced may provide data, information, and content relating to its token, you should not construe any such information or other content available through this Site as legal or tax advice. You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of any Materials on this Site in relation to your own personal circumstances before making any decisions based on such Materials.

To the extent permitted by law you agree not to hold Forecast Services Limited (NZ), trading as Bitcoin Enhanced or its third party information providers liable for any possible claim for damages arising from any decision you make in relation to your individual circumstances based on the Materials made available to you through this Site. General advice warning

The information on this website is general information only and does not take into account your individual objectives or financial situation. Before making an investment decision or recommendation, you should consider your objectives, financial situation and needs.

Purchases not guaranteed

Purchases of Bitcoin Enhanced tokens are not guaranteed to rise in value, to trade at the published Target Price, and may decrease in value. Past performance is not an indication of future performance.

Refund Policy

Except where required by law all purchases are non-refundable.

International Use

Because of the global nature of the Internet, you agree to comply with all local laws, rules, codes, and regulations of the country in which you reside and the country from which you access this Site, including without limitation, all laws, rules, codes, regulations, decrees, acts, orders, directives, legislation, bills, and statutes pertaining to tax, contracts, intellectual property, securities, e-commerce, banking, technology, computers, fraud, and privacy.

This Site is not a solicitation for or offering of any investment product or service to any person in any jurisdiction where such solicitation or offering would be illegal. It is your responsibility to ensure that you comply with all regulations that are applicable to you.

To clarify, this website is directed only at persons to whom we can legally provide the Information in the jurisdictions in which they are located. If you are not such a person, or are unsure, please take no further action in relation to this website without taking advice.

This website is not intended for any person who is a resident of a country where it would be prohibited or against local laws to provide the Information in this website. Any products and services described in this website are only available to persons in jurisdictions in which Bitcoin Enhanced tokens are permitted to be bought and sold.

Bitcoin Enhanced makes no representation that materials in or accessible through the site are appropriate or available for use in other locations or that access to them where their content is located is not illegal and prohibited. Those who choose to access the site from other locations do so at their own risk and are responsible for establishing the legality of any information or materials under any or all jurisdictions and the compliance of that information or material with local laws, if and to the extent local laws are applicable.

The information provided in or accessible through this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Bitcoin Enhanced to any registration or other requirement within such jurisdiction or country. Bitcoin Enhanced reserves the right to limit access to the site to any person, geographic region or jurisdiction.

Without limiting the above matters, Bitcoin Enhanced does not warrant that it holds any authorisations or approvals required in all jurisdictions where the Information may be accessed. Bitcoin Enhanced does not and has no intention to offer or sell any tokens in any jurisdiction where such an offer or sale would be unlawful under the relevant domestic law. You must satisfy yourself as to the laws which are in force in your jurisdiction and that access to the Information accords with the laws of your particular jurisdiction.

Timeliness of Content

All content on this Site is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. In addition, you are responsible for setting the cache settings on your browser to ensure you are receiving the most recent data.

Warranty Disclaimers

YOU EXPRESSLY UNDERSTAND AND AGREE THAT:

THE TERMS THAT APPLY TO YOUR USE OF THE SITE ARE THESE TERMS AND SUBJECT TO YOUR NON-EXCLUDABLE RIGHTS UNDER CONSUMER PROTECTION LAWS. NO OTHER TERMS OR RIGHTS APPLY. YOUR USE OF THIS SITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS.

WE WILL USE DUE CARE AND SKILL IN PROVIDING THE SITE AND THE MATERIALS, PRODUCTS AND SERVICES OFFERED ON THE SITE AND SUBJECT TO YOUR RIGHTS UNDER LAW THAT MAY APPLY AND WHICH CANNOT BE EXCLUDED, BITCOIN ENHANCED AND ITS AFFILIATES, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND ANY THIRD PARTY INFORMATION PROVIDERS AND VENDORS:

You agree to indemnify and hold harmless Forecast Services Limited (NZ) trading as Bitcoin Enhanced, its subsidiaries and affiliates, and each of its and their officers, employees, and agents, from and against all claims, demands, liabilities, damages, losses, or expenses, material arising out of or related to your improper access to or use of this Site, or any violation by you of these Terms of Use.

Further Information

If you have any questions concerning your use of this site and its products please contact us on info@bitcoinenhanced.io

For Regulators

The Bitcoin Enhanced tokens represent a new category of belief-based asset. As such they have features which we believe mean they are unlikely to be subject to security laws or AML/KYC requirements. The following is based upon New Zealand law. While we expect the laws in other jurisdictions would be similar we do not make any representation that this is the case and we provide no warranties of any kind. Nevertheless we hope this short summary helps to clarify their position.

Not a Security

Bitcoin Enhanced tokens are belief-based assets. This means that their value, if any, is conferred upon them by token-holders. Token holders demonstrate the value they give the tokens through trading them on exchanges. Forecast Services Limited, as the issuer of the tokens, plays no part in any value conferred. While the company may offer tokens at a given price, market forces (i.e. the value token-holders themselves give the token by trading them on an exchange) ensure that new sales only take place if the market price is equal to or greater than the price offered by the company.

Currencies, fiat and crypto, real estate and commodities are currently the most pervasive examples of belief-based assets. With no other assets underlying them, the value of these assets is self-generated by market participants.

The US Howey Test

Because token holders, not the token issuer, confers value on the tokens, they are likely to fail the fourth aspect of the US Howey Test, namely that the expectation of profits comes from the efforts of the promoter or third party. For an asset to be classed as a security under the Howey Test in the United States it must pass all four of the criteria.

We base these comments on our current understanding of the US position but again, we make no representations or offer any warranties concerning this view. People must take their own advice to clarify the position.

General Classes of Financial Product

By way of example of how the tokens may be viewed in other jurisdictions, under New Zealand law the tokens do not fall into accepted categories of a financial product, namely:

debt securities – there is no promise or obligation on the part of the promoter to provide any form of reward such as interest or repayment of principle to token holders.

equity securities – the tokens do not represent a share in Forecast Services Limited or any other enterprise.

managed investment products – the tokens do not hold any underlying assets which the promoter is managing on behalf of token holders.

derivatives – there is no agreement that at some future time the promoter is required to provide consideration of a particular kind to token holders.

AML/KYC Requirements

Using New Zealand law as an example, the only possible category where the tokens could trigger the need for AML/KYC disclosures would be if Forecast Services Limited was seen to be in the business of “issuing or managing a means of payment”.





The purpose of the Bitcoin Enhanced tokens is to be a store of value for token holders, not a means of payment. This is explicit in the website and all supporting documentation. The fact that the tokens are not intended as a means of payment is also demonstrated by their limited supply of 4 million for each token. If the tokens were intended as currencies there would be a far larger number issued.

While it is conceivable that the tokens could be used as a means of payment in certain circumstances this does not in itself make them a means of payment. The same can be said of almost any product including apples and oranges.

Because the Bitcoin Enhanced tokens are not intended as a means of payment we believe AML/KYC disclosures are not required for token holders.

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