Minimum stake of 1000000 coins
Platinum stakers are founder
accounts for the purpose of rewarding
distribution.
Founders Nugenesis ecosystem reward
benefits are reduced and shared
amongst the network.
Platinum stakers receive maximum benefits of 20% of
reward Treasury distribution.
platinum Stakers through this initiative receive 0.5% from the Platinum staking pool.
SERVICE MINING AGREEMENTS include 1000050 nucoin, in which 1000000 must be staked to activate the STAKING account.
AGREEMENT FOR THE PROVISION OF MINER-STAKER AND GOVERNANCE SERVICES IN THE NU GENESIS BLOCKCHAIN
________________________________________________________________
This Agreement is made on the date
Of execution of this Agreement between:
Name: The Person named in the schedule
(the "MINER-STAKER")
AND
TECHNO GROUP ENTERPRISES PTY LTD (“The Facilitator”)
632 Forest Road, Bexley NSW 2207
RECITALS
- The Miner-Staker wishes to provide governance and premium mining-taking services on the Nu Genesis blockchain used by the community network of the Nu Genesis Tech Hub Coop Ltd (“the Coop”).
- The Miner-Staker wishes to acquire 1,000,000 NuCoins, the native tokens on the Nu Genesis blockchain, which will be staked on the blockchain to provide the necessary integrity of its protocols (‘staking tokens’).
- The Miner-Staker appoints to Facilitate as its agent and attorney to procure for it the staking tokens and the best price possible and agreed and marked herein.
OPERATIVE PROVISIONS
1. Definitions
“Discount Price” means the maximum price per Staking Token auctioned in a public auction multiplied by one minus the Discount Rate.
For the purpose of clarity: a discount of 20% on the public price of $AUD 0.60 entitles the
Purchaser to a price of 0.60*(1-0.20) = $AUD 0.48
“Discount Rate” is 20 %.
“Purchase Amount” means the amount of $48000AUD (or equivalent amount in Bitcoin or Ethereum or BTC Cash or any freely tradeable fiat currency) to be paid by the Purchaser.
2. Recitals True and Correct
The recitals are true and correct in every material particular.
3. Purpose
The purpose of this Agreement is to engage the Facilitator to acquire for the Miner-Staker the staking tokens necessary for the Miner-Staker to provide governance and premium mining-taking services on the Nu Genesis blockchain in exchange for the payment of the Purchase Amount.
4. Miner-Staker Representations
The Miner-Staker represents, warrants and declares that:
- The sole purpose of the engagement is the Facilitator is to acquire the staking tokens necessary for the Miner-Staker to conduct the business of providing governance and premium mining-taking services on the Nu Genesis blockchain in return for profit (‘staking business’).
- The Miner-Staker will exercise day to day control over its staking business;
- The Miner-Staker has no expectation that any other person will be involved in the management or conduct of the staking business otherwise than under the Miner-Staker’s exclusive day to day control;
- The Facilitator has not make any offer or invitation for the purpose of its engagement to procure the staking tokens is for any purpose other than the staking business and expressly declares that no offer or invitation has been made for the purchase of the staking tokens as an investment.
- The facilitator, the Coop and any of its officers and agents rely upon these representations to their potential detriment and change their position accordingly.
- The Miner-Staker is aware that this agreement may potentially be qualified as a security in certain jurisdictions and that any conduct deemed offers and sales of this agreement have not been registered under any country’s securities laws and, therefore, cannot be resold except in compliance with the applicable country’s laws. The Miner-Staker is entering into this Agreement for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Miner-Staker has no present intention of selling, granting any participation in, or otherwise distributing the same. The Miner-Staker has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Miner-Staker’s financial condition and is able to bear the economic risk of such investment for an indefinite period of time.
- The Miner-Staker is not relying on any advice or recommendation (whether written or oral) of the Facilitator, the Coop, their officers or agents. The Miner-Staker enters into this Agreement based on the Miner-Staker’s own judgement and upon advice from such professional advisers as it has deemed it necessary to consult.
5. Procedures for Purchase of Staking Tokens
- The Facilitator will accept payment for the purchase of staking tokens under this Agreement in $AUD, Bitcoin and Ethereum.
- For purposes of this Agreement, the value of the Purchase Amount shall be deemed in $AUD whether the Miner-Staker pays in Bitcoin, in Ether or any other currency, valued at the Applicable Exchange Rate for $AUD. The term “Applicable Exchange Rate” shall mean the actual rate of $AUD on 4:00 PM EST following the day that the Facilitator notifies the Miner-Staker, in writing, that the Facilitator has accepted Miner-Staker’s appointment under this Agreement.
6. Limitation of liability
The Facilitator the Coop, its directors, officers, employees and/or agents are not deemed to provide any investment advice or recommendation in the context of this Agreement.
7. Miscellaneous
- This Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and supersedes all prior or contemporaneous disclosures, discussions, understandings and agreements, whether oral of written, between them. This Agreement is one of a series of similar instruments entered into by the parties from time to time. Any amendment of this Agreement requires a written instrument executed by both parties
- Any notice required or permitted by this Agreement will be deemed sufficient when sent by email to the relevant address commonly used by the parties.
- Neither this Agreement nor the rights contained herein may be assigned, by operation of law or otherwise, by either party without the prior written consent of the other; provided, however, that this Agreement and/or the rights contained herein may be assigned without the Facilitator’s consent by the Miner-Staker to any other entity who directly or indirectly, controls, is controlled by or is under common control with the Miner-Staker, including, without limitation, any general partner, managing member, officer or director of the Miner-Staker, or any venture capital fund now or hereafter existing which is controlled by one or more general partners or managing members of, or shares the same management company with, the Miner-Staker.
- In the event any one or more of the provisions of this instrument is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Agreement operate or would prospectively operate to invalidate this Agreement, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Agreement and the remaining provisions of this Agreement will remain operative and in full force and effect and will not be affected, prejudiced, or disturbed thereby.
8. Applicable Law and Jurisdiction
- This Agreement shall be governed, interpreted and construed by, under and exclusively pursuant to, the material laws of New South Wales, Australia.
- Any dispute in relation to this Agreement shall be submitted to the exclusive jurisdiction of the courts of New South Wales, Australia.