Purchase Agreement

Purchase Agreement Conditions

PreviousWhat Rights Do I Have?NextKnow Your Customer (KYC) Policy

Last updated 1 year ago

Purchase Agreement

Purchase Agreement Conditions

At the outset of our agreement, it is essential to acknowledge that by acquiring any asset associated with the Decryption Project – whether it be TLB rebranded to TLX and then to X, TLC, LSO, or any other form of digital token/coin issued by Decryption Group or The Luxury Bank from 2019 to 2024 – you are, by default, agreeing to our terms and conditions. This includes, but is not limited to, the leasing of blockchain nodes or other products/services. Please be aware that this agreement extends to members with special status, where the leadership of the Decryption Board reserves the right to revoke any membership or acknowledge the suspension of an account/address for indefinite internal investigations.
Compliance with Laws: You, the Purchaser, recognize that this agreement is invalid if issuing Network Tokens contravenes any applicable laws, as determined by the Project with guidance from legal counsel.
Investor Status: If you are not recognized as a specialized investor (e.g., qualified, accredited) when activating this Purchase Agreement, the Project retains the right to nullify the agreement.
Proof of Special Status: You are required to provide verification from a credible third party confirming your status as a specialized investor.
Purchaser’s Responsibility: Although the Company may verify your special investor status, you are ultimately responsible for ensuring that your acquisition, holding, usage, disposal, or interaction with Network Tokens complies with your personal laws.
Legal Counsel Consultation: Before acquiring any digital assets from the Project, you confirm that you have consulted with independent legal counsel to ensure that entering this Purchase Agreement does not contravene your local laws.
As a central pillar of our project, we prioritize safeguarding your funds, cooperating with regulatory and law enforcement bodies, and protecting our ecosystem and its users. Below are scenarios that might lead to your account being locked, along with guidance on unlocking it:
1. Suspicion of Unauthorized Access: If there's a possibility that your account has been compromised, we'll lock it to secure your assets.
2. Interaction with Potential Frauds: Engaging with entities flagged as scams prompts us to take precautionary measures.
3. Connections to Sanctioned Individuals or Areas: Evidence of links to sanctioned individuals or residing in/visiting sanctioned locations may result in account locking.
4. Terms of Use Violation: Breaching our Terms of Use can lead to an account lock.
5. Incomplete KYC or AML Documentation: Missing essential documents can lead to account restrictions.
6. Association with Illicit Activities: Links to hacks, scams, or rug pulls in the DeFi ecosystem could prompt an account lock.
7. Malicious Activities: Suspected hacking or other harmful actions will result in account locking.
8. Law Enforcement Request: Accounts may be locked upon request by law enforcement agencies.
Personal Information We Collect During our interactions, we may request various personal information to ensure service accuracy and legal compliance. This includes:
- Basic Personal Information (Name, Address, Telephone Number, Email Address, Date of Birth)
- Identification Numbers (Taxpayer Identification Number, Government Identification Numbers)
- Financial Information (Bank Account Details)
- Special Categories of Personal Data (Biometric Information, where permitted by law)
Compliance and Use of Information This information collection assists us in providing personalized services and complying with legal standards. All data is handled with respect for privacy and in accordance with applicable data protection laws.

PreviousWhat Rights Do I Have?NextKnow Your Customer (KYC) Policy

Last updated 1 year ago

At the outset of our agreement, it is essential to acknowledge that by acquiring any asset associated with the Decryption Project – whether it be TLB rebranded to TLX and then to X, TLC, LSO, or any other form of digital token/coin issued by Decryption Group or The Luxury Bank from 2019 to 2024 – you are, by default, agreeing to our terms and conditions. This includes, but is not limited to, the leasing of blockchain nodes or other products/services. Please be aware that this agreement extends to members with special status, where the leadership of the Decryption Board reserves the right to revoke any membership or acknowledge the suspension of an account/address for indefinite internal investigations.
Compliance with Laws: You, the Purchaser, recognize that this agreement is invalid if issuing Network Tokens contravenes any applicable laws, as determined by the Project with guidance from legal counsel.
Investor Status: If you are not recognized as a specialized investor (e.g., qualified, accredited) when activating this Purchase Agreement, the Project retains the right to nullify the agreement.
Proof of Special Status: You are required to provide verification from a credible third party confirming your status as a specialized investor.
Purchaser’s Responsibility: Although the Company may verify your special investor status, you are ultimately responsible for ensuring that your acquisition, holding, usage, disposal, or interaction with Network Tokens complies with your personal laws.
Legal Counsel Consultation: Before acquiring any digital assets from the Project, you confirm that you have consulted with independent legal counsel to ensure that entering this Purchase Agreement does not contravene your local laws.
As a central pillar of our project, we prioritize safeguarding your funds, cooperating with regulatory and law enforcement bodies, and protecting our ecosystem and its users. Below are scenarios that might lead to your account being locked, along with guidance on unlocking it:
1. Suspicion of Unauthorized Access: If there's a possibility that your account has been compromised, we'll lock it to secure your assets.
2. Interaction with Potential Frauds: Engaging with entities flagged as scams prompts us to take precautionary measures.
3. Connections to Sanctioned Individuals or Areas: Evidence of links to sanctioned individuals or residing in/visiting sanctioned locations may result in account locking.
4. Terms of Use Violation: Breaching our Terms of Use can lead to an account lock.
5. Incomplete KYC or AML Documentation: Missing essential documents can lead to account restrictions.
6. Association with Illicit Activities: Links to hacks, scams, or rug pulls in the DeFi ecosystem could prompt an account lock.
7. Malicious Activities: Suspected hacking or other harmful actions will result in account locking.
8. Law Enforcement Request: Accounts may be locked upon request by law enforcement agencies.
Personal Information We Collect During our interactions, we may request various personal information to ensure service accuracy and legal compliance. This includes:
- Basic Personal Information (Name, Address, Telephone Number, Email Address, Date of Birth)
- Identification Numbers (Taxpayer Identification Number, Government Identification Numbers)
- Financial Information (Bank Account Details)
- Special Categories of Personal Data (Biometric Information, where permitted by law)
Compliance and Use of Information This information collection assists us in providing personalized services and complying with legal standards. All data is handled with respect for privacy and in accordance with applicable data protection laws.