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Whitepaper
Asian Dragon Whitepaper
The Whitepaper
ASIAN DRAGON
2019 - 2022
All rights reserved
Version 2.3
Please be informed that once this version release to the public, the previous version whitepaper will be rendered as obsolete and shall not be used further.
Asian Dragon (AD2)
LOYALTY PROGRAM
“Customer satisfaction is worthless. Customer loyalty is priceless”
Like many other Loyalty Program, shoppers love to purchase from shops, online and outlets that will give them benefits and reward them with accumulative points for them to redeem those points on their next purchases.
The Asian Dragon Loyalty Reward program offers a practical solution to the problems outlined in typical Loyalty program as well as the potential to become the heart of e-commerce and cryptocurrency combined. It strives to reward shoppers with purchase points and enjoy all the benefits and perks provided by the participating outlets and shops. With Asian Dragon Loyalty program, customers that have the Asian Dragon Loyalty Program will receive the purchase points each time they make purchases from the participating shops or outlet directly credited into their membership. From here they can accumulate or use it to receive discounts, benefits, gifts from the participating outlet (the same shop they purchase – Subjected to the shop redeem policy).
But, since they have the Asian Dragon Loyalty Program, they can exchange the Loyalty points into Asian Dragon Token where they can use it to buy selected online shops that allow payment using cryptocurrency, they can trade it on listed exchange or simply swap it to any other cryptocurrency.
ASIAN DRAGON will not try to implement something major that we cannot produce, nor we do not want to promise something that we cannot give. Thus, The ASIAN DRAGON with a singular initial agenda as The Loyalty Program Solutions that can be achieve progressively. The tools and utilities will be introduced in due time which already in motion. As many may be aware that we are focusing on the Loyalty Program aggressively and not the cryptocurrency. However, we are consistently making the exchange concept of Loyalty Points to Cryptocurrency achievable. Due to multiple vendors and end users requesting to allow the Loyalty Program points to be exchangeable in multiple chain which pushes us to deploy Asian Dragon (AD2) onto individual chain which we believe and agreed that it will be much cheaper (Gas Fee) for them to exchange their Loyalty Points to Asian Dragon (AD) with the choice of chain that made available. From there, they can decide to swap to any other cryptocurrency chain of their choice on the chain they chosen.
LOYALTY PROGRAM – Retails/Shop/Outlets Participants
Participating Shops and outlets setup are straightforward, not much different from many Loyalty Program. But what make a difference is that, the end user (customers) have the choice to use the loyalty points to exchange with Asian Dragon tokens on various of Chain make available for them.
(More details will be release and update on the new revision
Available Chain for Asian Dragon Loyalty Point to Exchange to AD2 Cryptocurrency
AD2 BEP20
AD2 POLYGON
AD2 SOLANA
AD2 TRON
AD2 CRONOS
AD AVAX
AD2 ARBITRUM
AD2 HECO
AD2 FTM
AD2 ETH
More chain will be made available for Asian Dragon (AD2) Token for users to choose in near future
The Distribution for AD2 on all Chain
ASIAN DRAGON wishes to distribute widely it tokens in Asia and worldwide so that everyone can owned and used for future transaction as what we have in planned in the future which will allow AD2 holders to exchange AD2 token to Asian Dragon Loyalty points and uses the points to benefits from purchasing products from the participating shops and outlets. (reverse exchange – to be confirmed on later date). But, for now, our primary objective is to run the Loyalty Program and not a just Cryptocurrency. After much deliberation, we’ve decided to move our AD2 Cryptocurrency organically without pushing it like many other cryptocurrencies as our objective is to allow Asian Dragon Loyalty members to exchange their points to AD2.
However, to get all chain of Asian Dragon (AD2) token to be acknowledge publicly and generate it value naturally, we have to deploy AD2 into the exchanges / swaps. This mean, everyone who have interest in AD2 can make purchase directly from our own Sales Distribution channel or from any of the participating Exchanges/Swap.
Direct Token Sales
Public, Private and Direct Sales
Asian Dragon have many existing clients, suppliers, vendor, partners, project investors (non-crypto-related) that wishes to hold on to AD2 Tokens. We cannot ignore their request to purchase AD2 directly from us and enter the Asian Dragon ecosystem which they know will benefit them in the future. To top that up, they have their own pool of clients, suppliers, vendor, partners that they encourage to follow suit.
All private / public sales will be release at our own Token Sale Application which is currently running live for Private and Public purchases (https:\\app.asiandragoncoin.com). This will be our main method of distribution for AD2 including several public SWAP/Exchanges.
THE TOKEN SALES APP
Graphical user interface, application Description automatically generated
Graphical user interface, application Description automatically generated
We have provided a Token Sales Application for clients to purchase directly from us.
Graphical user interface, application, Teams Description automatically generated
Graphical user interface, application Description automatically generated
AD2 (Polygon) Distribution Table
Hard Cap / Store Sale
Exchange / Swap
Private Sale
Owner / Team Members
69.3077 %
10.6923 %
20 %
0 %
693,077,000.00
AD2
106,923,000.00
AD2
200,000,000.00
AD2
0.00
AD2
Total of 100% will be sold and circulating on public platform
AD2 (BEP-20) Distribution Table
Hard Cap / Store Sale
Exchange / Swap
Private Sale
Owner / Team Members
82 %
15 %
0 %
3 %
8,200,000,000.00
AD2
1,500,000,000.00 AD2
0.0
AD2
300,000,000.00
AD2
Total of 97% will be sold and circulating on public platform
We will add all other Chain distribution sales once it released and completed accordingly.
The Project Plan
Asian Dragon Loyalty Program
The Loyalty Reward System
The Asian Dragon Token Solution
The Asian Dragon Platform offers a practical solution to the problems outlined above as well as the potential to become the practical heart of e-commerce and cryptocurrency combined. It strives to reward shoppers with points and cryptocurrency by exposing the common person to the crypto space. The key focus of Asian Dragon is giving effortless access to cryptocurrency ownership which comes with potential rise in value - without dealing with any of the underlying complexities which make cryptocurrency unattractive.
The Asian Dragon Loyalty Reward System seeks to transform the loyalty industry by fusing the shopping reward potential of all retails together regardless of the product - focusing on rewarding the individual with points, exchangeable to rewards and cryptocurrency market access as a form of investment. With our solutions, we seek to support individual sellers as well as enterprise vendors to part-take into the system and provides clients with better loyalty program. The Asian Dragon Loyalty Reward System can be adopted in any location and any type of business that wish to retain clients - this Software as a service solution allows any business to adopt into the program with almost zero knowledge of Business Loyalty system. This adoption will be seamless as we seek to penetrate e-commerce platforms as well as regular retail shops, online business and shopping without introducing any habitual change from the user perspective.
Asian Dragon Loyalty Reward System design for all shopper that want to be rewarded on each purchase they make. The system allows users to earn Loyalty points with their daily purchases and convert it to own Asian Dragon tokens (AD2). This is to ensures that an average shopper can easily adopt cryptocurrency and gaining Loyalty points due to its similarity with existing technologies and the same time.
Asian Dragon Loyalty Reward System is a SaaS application that provide option to shops and shopping establishment. As a member (Business/Seller/Merchant) they will enjoy returned customers that carry Asian Dragon Loyalty Program mobile apps/card.
Asian Dragon Loyalty Reward System allows members (Business/Seller/Merchant) to customize its own campaign. Each campaign can have up to four ways to earn points, and up to three ways to redeem points for a reward. These options can be enabled or disabled when customizing a campaign in the customer dashboard.
Earn points
  • Earn points by showing a QR code - Suitable for offline businesses
  • Earn points by getting a code from the merchant - Suitable for online and offline businesses
  • Earn points by having a merchant enter a code on the customer's device - Suitable for offline businesses
  • Earn points using the customer number - Suitable for online and offline businesses
Redeem points for a reward
  • Redeem points by showing a QR code - Suitable for offline businesses
  • Redeem points by having a staff member enter a code on the customer's device - Suitable for offline businesses
  • Redeem points using the customer number - Suitable for online and offline businesses
This is the actual web application for users/client’s homepage
Graphical user interface, website Description automatically generated
Redeem Point
Earn Point
Collect points
Earn Point by Scanning
Earn Point by Manual entry Code
Earn Point by Manual entry Merchant Code
62112b6ff3af4e708a3fceb2693d887c
Points Balance / Point History
The system allows user(s) to collect points after making purchases from the participating members (Business/Seller/Merchant) using mobile devices.
Redeem points for a reward
As a registered user, you can redeem your points at members (Business/Seller/Merchant) outlets (subject to participating shops/merchant terms & conditions) or convert your loyalty points to Asian Dragon token (AD2)
Note: redeeming point for Asian Dragon (AD2) will bring you to Asian Dragon Token Sales site which you require to register and verified your account.
Redeem/Change to Asian Dragon Token
As a user that have valid rewards point, user will have 3 choices to use the reward points.
• Use available balance point to redeem gift items made available at Asian Dragon Loyalty website / merchants / shops
• Use the balance points at participating merchant/shops for discounts / gifts (subject to merchant/shop policy)
• Exchange it to Asian Dragon Token (Multiple Chain are being released) for you to trade/swap online into Fiat or to any cryptocurrency that are paired with AD2
Example:
You have 100 Balance reward points, and you wish to exchange it to AD2, you can submit request to exchange on Asian Dragon Token Sales app and we will convert your reward points into AD2. What you need is to have a valid wallet address for us to transfer AD2 to your cryptocurrency wallet.
From your wallet, you can connect to any participating Swap/exchange and sell/swap your AD2 with BNB/MATIC/USDT etc.
Airdrops
We “may” conduct Airdrop for AD2. The terms and conditions will be release once we have the dates decided. All air drops are subjected to Asian Dragon discretion.
Events
We “may” conduct several events on our own and/or join events with Exchange company. The terms and conditions will be release once we have the dates decided. All events are subjected to Asian Dragon discretion.
NOTE: This Whitepaper may be updated from time to time. We will inform the public and republish the amended Whitepaper along side with the current whitepaper to show the amended texts.
  • End of Whitepaper
WHITEPAPER GENERAL TERMS & CONDITIONS
ASIAN DRAGON referred as “ASIAN DRAGON (AD)” or “ASIAN DRAGON (AD2)” or “Asian Dragon Technology” or “ASIAN DRAGON SOLUTION” or “Asian Dragon Solution & Technology” or it products namely “Asian Dragon Token” or “Asian Dragon Coin” or “Asian Dragon Loyalty Point (LYPT)” in this White Paper Document, Website and in this general terms and conditions.
The sale of Tokens is only intended for, made to or directed at, only persons outside the country that legally prohibited or restricted Cryptocurrencies, and may be acted upon only by persons outside this country. Moreover, this White Paper is not a prospectus or offer document of any sort and is not intended to be an offer, invitation or solicitation to buy or sell currencies, securities of any form, units in a business trust, units in a collective investment scheme, commodities, swaps or derivatives in respect of any of the foregoing, or any other form of investment or financial asset, product or instrument in any jurisdiction. No regulatory authority has examined or approved of any of the information set out in this White Paper. This White Paper has not been registered with any regulatory authority in any jurisdiction. By accessing and/or accepting possession of any information in this White Paper or such part thereof (as the case may be), you represent and warrant to ASIAN DRAGON (AD2) that:
a) you are not an Excluded Person (as defined herein), or a citizen or resident
of a country the laws of which prohibit or conflict with the ASIAN DRAGON (AD2) or your participation in the ASIAN DRAGON (AD2) (as referred hereto in the White Paper);
b) you agree to be bound by the limitations and restrictions described herein; and
c) you acknowledge that this White Paper has been prepared for delivery to you so as to assist you in making a decision as to whether to purchase Tokens.
IMPORTANT INFORMATION
PLEASE READ THIS DISCLAIMER SECTION CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).
This White Paper in its current form is circulated by the Issuer for general information and to invite participant feedback only on the ASIAN DRAGON and the Tokens as presently conceived and is subject to review and revision by the owner of the Issuer, the board of advisors and/or legal advisors of the Issuer. Please do not replicate or distribute any part of this White Paper without this section in accompaniment. The information set forth below may not be exhaustive and no part of this White Paper is intended to create legal relations between a recipient of this White Paper or to be legally binding or enforceable by such recipient against the Issuer. An updated version of this White Paper may be published at a later date and to be announced by the Issuer in due course.
PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED “DISCLAIMER OF LIABILITY”, “NO REPRESENTATIONS AND WARRANTIES”, “REPRESENTATIONS AND WARRANTIES BY YOU”, “CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS”, “THIRD PARTY INFORMATION AND NO CONSENT OF OTHER PERSONS”, “TERMS USED”, “NO ADVICE”, “NO FURTHER INFORMATION OR UPDATE”, “RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION”, “NO OFFER OF INVESTMENT OR REGISTRATION” AND “RISKS AND UNCERTAINTIES” CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).
While we make every effort to ensure that any material in this White Paper is accurate and up to date, such material in no way constitutes the provision of professional advice. The Issuer does not guarantee and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this White Paper. Participants and potential Token holders should seek appropriate independent professional advice prior to relying on, or entering any commitment or transaction based on, material published in this White Paper, which material is purely published for reference purposes alone. The Tokens are proprietary cryptographic tokens developed and issued by the Token Developer to function as the native utility token used in the ASIAN DRAGON as the means of value exchange and to power the ASIAN DRAGON platform.
The Tokens are not intended to constitute currencies, securities of any form, units in a business trust, units in a collective investment scheme, commodities, swaps or derivatives in respect of any of the foregoing, or any other form of investment or financial asset, product or instrument in any jurisdiction. This White Paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer, invitation or solicitation to buy or sell currencies, securities of any form, units in a business trust, units in a collective investment scheme, commodities, swaps or derivatives in respect of any of the foregoing, or any other form of investment or financial asset, product or instrument in any jurisdiction. No regulatory authority has examined, approved or registered this White Paper. No action has been or will be taken by the Issuer to obtain such examination, approval or registration under the laws, regulatory requirements or rules of any jurisdiction. The provision of this White Paper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with. The Issuer or this White Paper does not constitute or form part of any opinion on any advice to purchase, sell or otherwise transact with Tokens and the fact of presentation of this White Paper shall not form the basis of, or be relied upon in connection with, any contract of investment decision.
THE ASIAN DRAGON (AD2) (AS REFERRED TO IN THIS WHITE PAPER) IS INTENDED FOR, MADE TO OR DIRECTED AT ONLY, AND MAY BE ACTED UPON ONLY BY, PERSONS OUTSIDE THE COUNTRY THAT PROHIBITED OR RESTRICTED CRYPTOCURRENCIES AND RESIDING OUTSIDE A COUNTRY WHERE UNITED NATIONS SANCTIONS ARE IN FORCE. ACCORDINGLY, YOU ARE NOT ELIGIBLE, AND YOU ARE NOT TO PURCHASE ANY TOKENS IN THE ASIAN DRAGON (AD) (A) IF YOU ARE LOCATED IN THE COUNTRIES THAT PROHIBITED OR RESTRICTED CRYPTOCURRENCIES OR A COUNTRY WHERE UNITED NATIONS SANCTIONS ARE IN FORCE AT THE TIME OF YOUR INTENDED PURCHASE OR PURCHASE OF ASIAN DRAGON (AD) TOKENS; OR (B) IF YOU ARE A CITIZEN, DOMICILED IN, OR RESIDENT OF THE COUNTRIES THAT PROHIBITED OR RESTRICTED CRYPTOCURRENCIES OR A COUNTRY WHERE UNITED NATIONS SANCTIONS ARE IN FORCE (“EXCLUDED PERSONS”).
No Token should be construed, interpreted, classified or treated as enabling, or according to any purchasers to participate in or receive profits, income, or other payments or returns arising from or in connection with the ASIAN DRAGON or the Tokens or the proceeds of the ASIAN DRAGON (AD2), or to receive sums paid out of such profits, income, or other payments or returns. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the Tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this White Paper. Any agreement as between the Issuer and you as a purchaser, and in relation to any sale and purchase, of Tokens is to be governed by only a separate document setting out the terms and conditions (the “Terms and Conditions”) of such agreement. In the event of any inconsistencies between the Terms and Conditions and this White Paper, the former shall prevail. There are risks and uncertainties associated with the Issuer and its business and operations, the Tokens, the ASIAN DRAGON or protocol and the ASIAN DRAGON (AD2). Please refer to the section entitled “Risks and Disclosures” set out at the end of this White Paper.
This White Paper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this White Paper is prohibited or restricted. No part of this White Paper is to be reproduced, distributed or disseminated without including this section and the following sections entitled “Disclaimer of Liability”, “No Representations and Warranties”, “Representations and Warranties by You”, “Cautionary Note On Forward-Looking Statements”, “Third Party Information and No Consent of Other Persons”, “Terms Used”, “No Advice”, “No Further Information or Update”, “Restrictions On Distribution and Dissemination” and “Risks and Uncertainties”.
DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, the Issuer shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this White Paper or any part thereof by you.
NO REPRESENTATIONS AND WARRANTIES
The Issuer does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this White Paper.
REPRESENTATIONS AND WARRANTIES BY YOU
By accessing and/or accepting possession of any information in this White Paper or such part thereof (as the case may be), you represent and warrant to the Issuer as follows:
  1. 1.
    you agree and acknowledge that the Tokens do not constitute currencies, securities of any form, units in a business trust, units in a collective investment scheme, commodities, swaps or derivatives in respect of any of the foregoing, or any other form of investment or financial asset, product or instrument in any jurisdiction;
  2. 2.
    you are not an Excluded Person, or a citizen or resident of a country the laws of which prohibit or conflict with the ASIAN DRAGON (AD2) or your participation in the ASIAN DRAGON (AD2);
  3. 3.
    you agree and acknowledge that this White Paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer, invitation or solicitation to buy or sell currencies, securities of any form, units in a business trust, units in a collective investment scheme, commodities, swaps or derivatives in respect of any of the foregoing, or any other form of investment or financial asset, product or instrument in any jurisdiction, and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this White Paper;
  4. 4.
    you acknowledge and understand that no Token should be construed, interpreted, classified or treated as enabling, or according any opportunity to, Token holders to participate in or receive profits, income, or other payments or returns arising from or in connection with the Tokens or the proceeds of the ASIAN DRAGON (AD2), or to receive sums paid out of such profits, income, or other payments or returns;
  5. 5.
    you agree and acknowledge that no regulatory authority has examined, approved or registered this White Paper, no action has been or will be taken by the Issuer to obtain such examination, approval or registration under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this White Paper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
  6. 6.
    you agree and acknowledge that this White Paper, the undertaking and/or the completion of the ASIAN DRAGON (AD2), or future trading of Tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the Issuer, the Tokens, the ASIAN DRAGON (AD2), and the ASIAN DRAGON SOLUTIONS or protocol;
  7. 7.
    the distribution or dissemination of this White Paper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to the Issuer;
  8. 8.
    you agree and acknowledge that in the case where you wish to purchase any Tokens, Tokens are not to be construed, interpreted, classified or treated as:
  9. 9.
    any kind of currency other than cryptocurrency;
  10. 10.
    debentures, stocks or shares issued by any person or entity;
  11. 11.
    rights, options or derivatives in respect of such debentures, stocks or shares;
  12. 12.
    rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
securities;
  1. 1.
    units or derivatives of units in a business trust;
  2. 2.
    units in a collective investment scheme; or
  3. 3.
    any form of regulated investment or investment product;
  4. 4.
    you are fully aware of and understand that you are not eligible, and you are not to purchase any Tokens if you are an Excluded Person;
  5. 5.
    you are legally permitted to participate in the ASIAN DRAGON (AD2) and all actions contemplated or associated with such purchase, including the holding and use of Tokens.
  6. 6.
    the amounts that you use to purchase Tokens were not and are not directly or indirectly derived from any activities that contravene the laws and regulations of any jurisdiction, including anti-money laundering laws and regulations;
  7. 7.
    if you are a natural person, you are of sufficient age and capacity under the applicable laws of the jurisdiction in which you reside and the jurisdiction of which you are a citizen to participate in the ASIAN DRAGON (AD2);
  8. 8.
    you are not obtaining or using Tokens for any illegal purpose;
  9. 9.
    none of:
(i) you; (ii)any person controlling or controlled by you; (iii)if you are a privately-held entity, any person having a beneficial interest in you; or (iv)any person for whom you are acting as agent or nominee in connection with ASIAN DRAGON (AD2), is a senior foreign political figure, or any immediate family member or close associate of a senior foreign political figure. A “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative, military or judicial branch of a government (whether elected or not), a senior official of a major political party, or a senior executive of a foreign government-owned corporation, and includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure.
“Immediate family” of a senior foreign political figure typically includes such figure’s parents, siblings, spouse, children and in-laws. A “close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain an unusually close relationship with such senior foreign political figure, and includes a person who is in a position to conduct substantial domestic and international financial transactions on behalf of such senior foreign political figure;
(o)if you are affiliated with a non-U.S. banking institution (“Foreign Bank”), or if you receive deposits from, make payments on behalf of, or handle other financial transactions related to a Foreign Bank, you represent and warrant to the Issuer that: (i)the Foreign Bank has a fixed address, and not solely an electronic address, in a country in which the Foreign Bank is authorised to conduct banking activities; (ii) the Foreign Bank maintains operating records related to its banking activities; (iii) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank to conduct its banking activities; and (iv) the Foreign Bank does not provide banking services to any other Foreign Bank that does not have a physical presence in any country and that is not a regulated affiliate;]
(p) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology; you are fully aware and understand that in the case where you wish to purchase any Tokens, there are risks associated with the Issuer and its businesses and operations, Tokens, the ASIAN DRAGON SOLUTIONS or protocol and the ASIAN DRAGON (AD2); you bear the sole responsibility to determine what tax implications purchasing Tokens may have for you and agree not to hold the Issuer or any other person involved in the ASIAN DRAGON (AD2) liable for any tax liability associated with or arising therefrom; you agree and acknowledge that the Issuer is not liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this White Paper or any part thereof by you; you waive the right to participate in a class action lawsuit or a class wide arbitration against the Issuer and/or any person involved in the ASIAN DRAGON (AD2) and/or with the creation and distribution of Tokens or the ASIAN DRAGON SOLUTIONS; and all of the above representations and warranties are true, complete, accurate and non-misleading from the time of your access to and/or acceptance of possession this White Paper or such part thereof (as the case may be).
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in this White Paper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Issuer or its directors, executive officers or employees acting on behalf of the Issuer (as the case may be), that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding the Issuer’s business strategies, plans and prospects and the future prospects of the industry which the Issuer is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to the Issuer’s prospects, future plans, other expected industry trends and other matters discussed in this White Paper regarding the Issuer are matters that are not historic facts, but only predictions.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of the Issuer to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others: changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which the Issuer conducts its business and operations; the risk that the Issuer may be unable to execute or implement its business strategies and future plans; changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; changes in the anticipated growth strategies and expected internal growth of the Issuer and the ASIAN DRAGON; changes in the availability and fees payable to the Issuer in connection with its businesses and operations or on the ASIAN DRAGON; changes in the availability and salaries of employees who are required by the Issuer to operate their respective businesses and operations; changes in preferences of users of the ASIAN DRAGON;
All forward-looking statements made by or attributable to the Issuer or persons acting on behalf of the Issuer are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of the Issuer to be materially different from that expected, expressed or implied by the forward-looking statements in this White Paper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this White Paper. Neither the Issuer nor any other person represents, warrants, and/or undertakes that the actual future results, performance or achievements of the Issuer will be as discussed in those forward-looking statements. The actual results, performance or achievements of the Issuer may differ materially from those anticipated in these forward-looking statements. Nothing contained in this White Paper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of the Issuer. Further, the Issuer disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
THIRD PARTY INFORMATION AND NO CONSENT OF OTHER PERSONS
This White Paper includes information obtained from various third-party sources (“Third Party Information”). None of the publishers of the Third-Party Information has consented to the inclusion of the Third-Party Information in this White Paper and is therefore not liable for the Third-Party Information. While the Issuer has taken reasonable action to ensure that the Third-Party Information have been included in their proper form and context, neither the Issuer, nor its directors, executive officers and employees acting on its behalf, has independently verified the accuracy, reliability, completeness of the contents, or ascertained any applicable underlying assumption, of the relevant Third Party Information. Consequently, neither the Issuer nor its directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy, reliability or completeness of such information and shall not be obliged to provide any updates on the same.
TERMS USED
To facilitate a better understanding of the ASIAN DRAGON (AD2) tokens being offered for
purchase by the Issuer, and the businesses and operations of the Issuer, certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this White Paper. These descriptions and assigned meanings should not be treated as being definitive of their meanings and may not correspond to standard industry meanings or usage. Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations. changes in the future capital needs of the Issuer and the availability of financing and capital to fund such needs; war or acts of international or domestic terrorism; occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or ASIAN DRAGON (AD2) tokens operations of the Issuer; other factors beyond the control of the Issuer; and any risk and uncertainties associated with the Issuer and its business and operations, the Tokens, the ASIAN DRAGON or protocol and the ASIAN DRAGON (AD2). Changes in competitive conditions under which the Issuer operates, and the ability of the Issuer to compete under such conditions;
NO ADVICE
No information in this White Paper should be considered to be business, legal, financial or tax advice regarding the Issuer, the Tokens, the ASIAN DRAGON or protocol, or the ASIAN DRAGON (AD2). You should consult your own legal, financial, tax or other professional advisor regarding the Issuer and its business and operations, the Tokens, the ASIAN DRAGON or protocol, and the ASIAN DRAGON (AD2). You should be aware that you may be required to bear the financial risk of any exchange for of Tokens for an indefinite period of time. None of the advisors engaged by us has made or purports to make any statement in this White Paper or any statement upon which a statement in this White Paper is based and each of them makes no representation regarding any statement in this White Paper and to the maximum extent permitted by law, expressly disclaims and takes no responsibility for any liability to any person which is based on, or arises out of, any statement, information or opinions in, or omission from, this White Paper.
NO FURTHER INFORMATION OR UPDATE
No person has been or is authorised to give any information or representation not contained in this White Paper in connection with the Issuer and its business and operations, the Tokens, the ASIAN DRAGON or protocol, or the ASIAN DRAGON (AD2) and, if given, such information or representation must not be relied upon as having been authorised by or on behalf of the Issuer. The ASIAN DRAGON (AD2) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of the Issuer or in any statement of fact or information contained in this White Paper since the date hereof.
RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION
The distribution or dissemination of this White Paper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this White Paper or such part thereof (as the case may be) at your own expense and without liability to the Issuer. Persons to whom a copy of this White Paper has been distributed or disseminated, provided access to or who otherwise have the White Paper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this White Paper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur. There may be no inherent value of the Tokens and the Tokens are not a currency issued by any central bank or national, supra-national or quasi-national organisation, nor are they backed by any hard assets or other credit. Unlike fiat currency, the Tokens may have no use or recognition outside the ASIAN DRAGON. The Issuer is not responsible for nor does it pursue the circulation and trading of Tokens on the market. Trading of Tokens merely depends on the consensus on its value between the relevant market participants (if any), and no one is or will be obliged to purchase any Token from any holder of the Token, including the purchasers, nor does or will anyone guarantee the liquidity or market price of Tokens to any extent at any time. Accordingly, the Issuer cannot ensure that there will be any demand or market for Tokens, or that the Purchase Price is indicative of the market price of Tokens after they have been made available for trading on a cryptocurrency exchange. Representatives of various central banks and regulatory authorities, as well as senior market participants and academics, have warned of serious risks in relation to
  1. 1.
    initial private or public token sales,
  2. 2.
    cryptocurrency and digital tokens trading, including the extreme volatility, the lack of underlying economic value, the lack of regulation, and
  3. 3.
    the use of cryptocurrencies or digital tokens for money laundering or money transfers. There is a real possibility that some or a conjunction of these factors will lead to government or regulatory intervention or market action which could severely affect the price and liquidity of the Tokens. Unlike currency in bank accounts or accounts at other financial institutions, which may be subject to deposit protection schemes, the Tokens are uninsured unless a holder specifically obtains private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by the Issuer, to offer recourse to a Token holder. Future sales of the Tokens could materially and adversely affect the market price of Tokens Any future sale of the Tokens (which were not available for sale in the ASIAN DRAGON (AD2) would increase the supply of Tokens and this may result in a downward price pressure on the Tokens. The sale or distribution of a significant number of Tokens outside of the ASIAN DRAGON (AD2), or the perception that such further sales or issuance may occur, could adversely affect the trading price of the Tokens. The Issuer reserves the right to change the duration of any timeframe for the distribution of the Tokens, including, without limitation, the unavailability or non-functionality of the website or other unforeseen procedural or security issues. Negative publicity may materially and adversely affect the price of the Tokens Negative publicity involving the Issuer, the ASIAN DRAGON, the Tokens or any of the key personnel of the Issuer may materially and adversely affect the market perception or market price of the Tokens, whether or not such negative publicity is justified. The Tokens may not end up being popular, prevalent or widely distributed. The Tokens may remain of marginal interest in the long run, appealing to only a minimal fraction of holders. An absence of active holders or low level of utilization may negatively affect the long-term development and future of the Tokens and reduce or adversely affect the utility of the Tokens. There is no assurance of any success of the ASIAN DRAGON. The value of, and demand for, the Tokens depends on the performance of the ASIAN DRAGON (AD2) sales volumes. There is no assurance that the ASIAN DRAGON will gain traction after its launch and achieve any commercial success. As with any project, the development of the ASIAN DRAGON, and the execution of the project more broadly, carries with it the risk of delay and even failure. The core team has a relevant track record of development and business management experience, but this is not a guarantee of success. The team will endeavour to achieve the milestones outlined in this White Paper; however, it is under no obligation to do so.
GOVERNANCE RISKS
The Tokens confer no governance or voting rights of any kind with respect to the ASIAN DRAGON or the Issuer. All decisions involving the ASIAN DRAGON, or the Issuer will be made by executives, directors or members of the Issuer, including, but not limited to, decisions to discontinue the ASIAN DRAGON, to sell more Tokens for use on the ASIAN DRAGON, or to sell or liquidate the Issuer. Conflicts of interest with the Token holders may arise. These decisions could adversely affect the ASIAN DRAGON and the utility of the Tokens in circulation.
Intellectual Property and Information Access
The Issuer shall retain all right, title and interest in all of the Issuer's intellectual property, including, without limitation, inventions, ideas, concepts, code, discoveries, processes, marks, methods, software, compositions, formulae, techniques, information and data, whether or not patentable, copyrightable or protectable in trademark, and any trademarks, copyright or patents based thereon ("Intellectual Property Rights"). The Issuer shall exclusively own all Intellectual Property Rights in any change or improvement to any part of the project or the Issuer's technology made or created in the course of the performance of the project, save only to the extent such Intellectual Property Rights are used under third party license, including any open source licence.
The Token holders shall not be entitled to any right, claim or warranty in respect of any content generated or hosted by or on behalf of the Issuer, or access to any information held by the Issuer, as part of the project. There may be unanticipated risks arising from the Tokens Cryptographic tokens such as the Tokens are a relatively new and dynamic technology. In addition to the risks included in this White Paper, there are other risks associated with your purchase, holding and use of the Tokens, including those that the Issuer cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the risks discussed hereto.
  • End of whitepaper terms and conditions.
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