The following Terms and Conditions ("Terms") govern your (“you” or the “Purchaser”) purchase of cryptographic tokens ("KELA") from Live Rates Feeds, an exempted company registered in Saint Vincent and the Grenadines (the “Company”). Each of you and the Company is a “Party​” and, together, the “Parties​” to these Terms. This document is not a solicitation for investment and does not pertain in any way to an offering of securities in any jurisdiction. This document describes the KELA token sale.

IF YOU DO NOT AGREE TO THESE TERMS, DO NOT PURCHASE KELA FROM THE COMPANY. BY PURCHASING KELA FROM THE COMPANY, YOU WILL BE BOUND BY THESE TERMS AND ANY TERMS INCORPORATED BY REFERENCE. IF YOU HAVE ANY QUESTIONS REGARDING THESE TERMS, PLEASE CONTACT THE COMPANY AT admin@liveratesfeeds.com . By purchasing KELA, and to the extent permitted by law, you are agreeing not to hold any of the Company and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the “LRF Team​”) liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of KELA, including losses associated with the terms set forth below.

DO NOT PURCHASE KELA IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. PRIOR TO PURCHASING KELA, YOU SHOULD CAREFULLY CONSIDER THE TERMS LISTED BELOW AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT PURCHASE KELA.

PURCHASES OF KELA SHOULD BE UNDERTAKEN ONLY BY INDIVIDUALS, ENTITIES, OR COMPANIES THAT HAVE SIGNIFICANT EXPERIENCE WITH, AND UNDERSTANDING OF, THE USAGE AND INTRICACIES OF CRYPTOGRAPHIC TOKENS, INCLUDING ETHEREUM TOKENS, AND BLOCKCHAIN BASED SOFTWARE SYSTEMS. PURCHASERS SHOULD HAVE A FUNCTIONAL UNDERSTANDING OF STORAGE AND TRANSMISSION MECHANISMS ASSOCIATED WITH OTHER CRYPTOGRAPHIC TOKENS. WHILE THE COMPANY WILL BE AVAILABLE TO ASSIST PURCHASERS OF KELA DURING THE SALE, THE COMPANY WILL NOT BE RESPONSIBLE IN ANY WAY FOR LOSS OF BTC, ETH OR KELA RESULTING FROM ACTIONS TAKEN BY, OR OMITTED BY PURCHASERS. IF YOU DO NOT HAVE SUCH EXPERIENCE OR EXPERTISE, THEN YOU SHOULD NOT PURCHASE KELA OR PARTICIPATE IN THE SALE OF KELA. YOUR PARTICIPATION IN KELA SALE IS DEEMED TO BE YOUR UNDERTAKING THAT YOU SATISFY THE REQUIREMENTS MENTIONED IN THIS PARAGRAPH.

PURCHASER AGREES TO BUY, AND COMPANY AGREES TO SELL, THE KELA TOKENS IN ACCORDANCE WITH THE FOLLOWING TERMS:

1. Conditions to KELA token sale
YOU MAY NOT ACQUIRE A KELA TOKEN IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREEN CARD HOLDER OF THE UNITED STATES OF AMERICA, OR A CITIZEN OR RESIDENT OF SAINT VINCENT AND THE GRENADINES.
When you purchase, or otherwise receive, a KELA token, you may only do by accepting the following conditions and, by doing so, you warrant and represent that the following are a true and accurate reflection of the basis on which you are acquiring the KELA tokens:
  • neither the Company nor any of the LRF Team has provided you with any advice regarding whether KELA is a suitable investment for you;
  • you have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with cryptographic tokens, such as Bitcoin and Ether, as well as blockchain-based software systems generally;
  • you are legally permitted to receive and hold and make use of KELA in your and any other relevant jurisdiction;
  • you will supply us with all information, documentation or copy documentation that we require in order to allow us to accept your purchase of KELA and allocate KELA to you
  • you have not supplied us with information relating to your acquisition of KELA or otherwise which is inaccurate or misleading;
  • you will provide us with any additional information which may be reasonably required in order that we can fulfil our legal, regulatory and contractual obligations, including but not limited to any anti-money laundering obligation;
  • you will notify us promptly of any change to the information supplied by you to us;
  • you are of a sufficient age to legally obtain KELA, and you are not aware of any other legal reason to prevent you from obtaining KELA;
  • you take sole responsibility for any restrictions and risks associated with receiving and holding KELA, including but not limited to these set out in Annex A;
  • by acquiring KELA, you are not making a regulated investment, as this term may be interpreted by the regulator in your jurisdiction;
  • you are not obtaining or using KELA for any illegal purpose, and will not use KELA for any illegal purpose;
  • you waive any right you may have / obtain to participate in a class action lawsuit or a class wide arbitration against any entity or individual involved with the sale of KELA;
  • your acquisition of KELA does not involve your purchase or receipt of shares, ownership or any equivalent in any existing or future public or private company, corporation or other entity in any jurisdiction;
  • to the extent permitted by law and provided we act in good faith, the Company makes no warranty whatsoever, either expressed or implied, regarding the future success of KELA and/or the Ethereum Network.
  • you accept that KELA is created on an “as is” basis and that you obtain KELA as such and  on an “under development” basis. Therefore, provided the Company acts in good faith, you accept that the Company is providing KELA without being able to provide any warranties in relation to KELA, including, but not limited to, title, merchantability or fitness for a particular purpose
  • you accept that you bear sole responsibility for determining if (i) the acquisition, the allocation, use or ownership of KELA (ii) the potential appreciation or depreciation in the value of KELA over time, if any, (iii) the sale and purchase of KELA; and/or (iv) any other action or transaction related to KELA has tax implications.
2. Overview of KELA sale
KELA is required for proper operation and comprehensive utilization of KELA (as defined in the white paper (the “WhitePaper”) provided at https://www.kela.io  (the “Website”) as of the date the Purchaser acquires KELA token). After the KELA sale, each KELA is backed by the purchase of the underlying assets, diamonds, as described in the White Paper. To the extent they do not contradict these Terms, the rights connected to KELA are subject to the limitations set out in the White Paper, but this should in no case create obligations for the Company in addition to the ones contained in these terms.
The total amount of KELAs to be issued for this ICO is 90,000,000 (equivalent to US$ 108,000,000). KELAs are pre-mined and any KELAs not used during the ICO will be burned. Ownership of KELA during the KELA token sale carries no rights express or implied. Purchases of KELA are non-refundable.

The distribution of the KELA tokens is as follows:
  • 3% LRF Team;
  • 0.06% KELA tokens sale advisory team;
  • 1.5% marketing and investor relations;
  • 1% bounty program; and
  • 94.44% ICO Participants.

3. KELA Price
Purchasers in the KELA token sale will be allocated their KELA tokens in exchange for ETH and BTC at a rate equal to 1.2 USD.
The US Dollars to ETH and BTC exchange rate is used to dynamically set the ETH and BTC to the KELA rate in real time. As a result, the price in ETH and BTC for KELA may change over the period of the ICO.
Purchasers also have the ability to purchase KELA in EUR and USD by contacting the LRF Team at admin@liveratesfeeds.com
Purchaser must have an Ethereum wallet that supports the ERC-20 token standard in order to receive any KELA purchased from the Company.
The Purchaser understands that after the end of the ICO, the price of KELA will be pegged to the IDXUSD.

4. Timing of KELA Token Sale
The KELA sale begins on the 6th of November 2017. The KELA sale will run for 30 calendar days and will end on the 5th of December 2017 or when the KELA sale cap is reached. The Company reserves the right to change the sale dates or extend the sale duration for any reason, including the unavailability of the website or other unforeseen security and procedural issues or Acts of God.
The general public will be able to see the total number of KELA tokens currently sold, as well as the distribution of all KELA tokens between the participating Ethereum accounts. In the spirit of openness, the Company will constantly update on the Website the number of tokens sold.

5. After the KELA Token Sale
Purchasers should have no expectation of influence over governance of the Company.
Upon the conclusion of a successful KELA sale, the assets backing each KELA token will be transparently purchased within 30 business days. The company reserves the right to start the purchase of the assets (diamonds) while the ICO is still ongoing.
The Company will make publicly available all certificates for each of the assets (diamonds) bought as an audit to the company’s compliance with the parties’ agreement. Through this audit, you can track and confirm that the assets backing your KELA have been acquired and you will be able to independently confirm their value retail value. Access to this audit information does not constitute a KELA purchase receipt or indicate in any way that the party possessing such access has rights to or ownership of the purchased KELA tokens since it will be available for public viewing.

6. The Company Will Not Purchase KELA During the KELA Sale
The Company warrants that neither it nor its shareholders will purchase KELA during the KELA sale. Furthermore, the Company warrants that neither it nor its shareholders will purchase KELA from any third party during the period of the KELA sale.

7. All purchases of KELA are final
ALL PURCHASES OF KELA ARE FINAL. PURCHASES OF KELA ARE NON-REFUNDABLE. BY PURCHASING KELA, THE PURCHASER ACKNOWLEDGES THAT NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, DIRECTORS OR SHAREHOLDERS ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON.

8. Taxation of KELA and Taxation Related to the ICO
The Purchaser bears the sole responsibility to determine if the purchase of KELA with BTC, ETH or fiat currency and/ or the potential appreciation or depreciation in the value of KELA over time has tax implications for the Purchaser in the Purchaser's home jurisdiction. By purchasing KELA, and to the extent permitted by law, the Purchaser agrees not to hold any of the Company, its affiliates, shareholders, director, or advisors liable for any tax liability associated with or arising from the purchase of KELA.

9. Privacy
The Purchasers may be contacted by email by the Company. Such emails will be informational only. The Company will not request any information from Purchasers in an email.

10. Force Majeure
The LRF Team is not liable for failure to perform solely caused by:
  • unavoidable casualty;
  • delays in delivery of materials;
  • embargoes;
  • government orders;
  • acts of civil or military authorities;
  • acts by common carriers;
  • emergency conditions (including weather conditions);
  • security issues arising from the technology used;
or any similar unforeseen event that renders performance commercially implausible and/ or risky. If an event of force majeure occurs, the party injured by the other's inability to perform may elect to suspend the Agreement, in whole or part, for the duration of the force majeure circumstances. The party experiencing the force majeure circumstances shall cooperate with and assist the injured party in all reasonable ways to minimize the impact of force majeure on the injured party.

11. Disclaimer of Warranties
THE PURCHASER EXPRESSLY AGREES THAT THE PURCHASER IS PURCHASING KELA AT THE PURCHASER'S SOLE RISK AND THAT KELA IS PROVIDED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED). WITHOUT LIMITING THE FOREGOING, NONE OF THE LRF TEAM WARRANTS THAT THE PROCESS FOR PURCHASING KELA WILL BE UNINTERRUPTED OR ERROR-FREE.

12. Limitations Waiver of Liability
THE PURCHASER ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, THE DISCLAIMERS OF LIABILITY CONTAINED HEREIN APPLY TO ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO (i) USE OF, OR INABILITY TO USE, KELA OR (ii) THE LRF TEAM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE LRF TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, KELA, OR ARISING OUT OF ANY INTERACTION WITH THE SMART CONTRACT IMPLEMENTED IN RELATION TO KELA. THE PURCHASER FURTHER SPECIFICALLY ACKNOWLEDGES THAT THE LRF TEAM IS NOT LIABLE FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER PURCHASERS OF KELA, AND THAT THE RISK OF PURCHASING AND USING KELA RESTS ENTIRELY WITH THE PURCHASER. TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, UNDER NO CIRCUMSTANCES WILL ANY OF THE LRF TEAM BE LIABLE TO ANY PURCHASER FOR MORE THAN THE RESALE AMOUNT OF THE ASSET BACKING KELA WHOSE RETAIL VALUE AT TIME THE PURCHASER PURCHASED KELA WAS EQUAL TO THE AMOUNT PAID TO THE COMPANY BY THE PURCHASER FOR KELA. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. THEREFORE, SOME OF THE ABOVE LIMITATIONS IN THIS SECTION AND ELSEWHERE IN THE TERMS MAY NOT APPLY TO A PURCHASER. IN PARTICULAR, NOTHING IN THESE TERMS SHALL AFFECT THE STATUTORY RIGHTS OF ANY PURCHASER OR EXCLUDE INJURY ARISING FROM ANY WILFUL MISCONDUCT OR FRAUD OF THE LRF TEAM. THE PURCHASER UNDERSTANDS THAT THE RESALE VALUE OF THE ASSET BACKING KELA (DIAMONDS) MAY DIFFER FROM ITS RETAIL VALUE.

13. Complete Agreement
These Terms set forth the entire understanding between the Purchaser and the Company with respect to the purchase and sale of KELA. For facts relating to the sale and purchase, the Purchaser agrees to rely only on the Terms in determining purchase decisions and understands that the Terms govern the sale of KELA and supersede any public statements about the KELA token sale made by third parties or by the LRF Team or individuals associated with any of the LRF Team, past and present and during the KELA token sale.

14. Severability
The Purchaser and the Company agree that if any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be ineffective solely to the extent of such determination of invalidity or unenforceability without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of the Terms, which shall continue to be in full force and effect.

15. No Waiver
The failure of the Company to require or enforce strict performance by the Purchaser of any provision of these Terms or the Company’s failure to exercise any right under these Terms shall not be construed as a waiver or relinquishment of the Company's right to assert or rely upon any such provision or right in that or any other instance. The express waiver by the Company of any provision, condition, or requirement of these Terms shall not constitute a waiver of any future obligation to comply with such provision, condition or requirement. Except as expressly and specifically set forth in these Terms, no representations, statements, consents, waivers, or other acts or omissions by the LRF Team shall be deemed a modification of these Terms nor be legally binding.

16. Updates to the Terms
The Company reserves the right, at its sole discretion, to change, modify, add, or remove portions of the Terms at any time during the sale by posting the amended Terms on the Website. Any Purchaser will be deemed to have accepted such changes by purchasing KELA. The Terms may not be otherwise amended except by express consent of both the Purchaser and the Company.

17. Cooperation with Legal Authorities
The Company will cooperate with all law enforcement enquiries, subpoenas, or requests provided they are fully supported and documented by the law in the relevant jurisdictions.

18. Indemnification
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless the LRF Team from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your purchase or use of KELA; (ii) your responsibilities or obligations under these Terms; (iii) your violation of these Terms; or (iv) your violation of any rights of any other person or entity.
The Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under this Section 15. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and the Company.

19. Security
You are responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism you use to receive and hold KELA purchased from the Company, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If your private key(s) or other access credentials are lost, you may lose access to your Tokens. The Company is not responsible for any losses, costs or expenses relating to lost access credentials.

20. Language
Currently, only English versions of any of Live Rates Feeds’ communications is considered official. The English version shall prevail in case of differences in translation.

21. Governing Law
This Terms, the arbitration clause contained in them and all non-contractual obligations arising in any way whatsoever out of or in connection with these Terms are governed by, construed and take effect in accordance with the law of Saint Vincent and the Grenadines.

22. Arbitration
Any dispute or difference arising out of or in connection with these Terms or the legal relationships established by these Terms, including any question regarding its existence, validity or termination (“Dispute”), shall be referred to and finally resolved by arbitration under the LCIA Rules which Rules will be deemed to be incorporated by reference into this clause, save for any waiver of any rights the parties would otherwise have to any form of appeal or recourse to a court of law or other judicial authority, which rights are expressly reserved. The number of arbitrators shall be three. The seat of the arbitration shall be London. The language of the arbitration shall be English.
Dispute arising out of or related to these Terms is personal to you and the Company and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.

ANNEX A - KELA RISKS

By purchasing, owning, and using KELA, you expressly acknowledge and assume the following risks:
1. Risk​ ​of​ ​Losing​ ​Access​ ​to​ ​KELA​ ​Due​ ​to​ ​Loss​ ​of​ ​Private​ ​Key(s),​ ​Custodial​ ​Error​ ​or​ ​Purchaser Error
A private key, or a combination of private keys, is necessary to control and dispose of KELA stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing KELA will result in loss of such KELA. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a hosted wallet service you use, may be able to misappropriate your KELA. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store KELA in, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your KELA. Additionally, your failure to follow precisely the procedures set forth in for buying and receiving Tokens, including, for instance, if you provide the wrong address for the receiving KELA, or provide an address that is not ERC-20 compatible, may result in the loss of your Tokens.
2. Risks​ ​Associated​ ​with​ ​the​ ​Ethereum​ ​Protocol
Because KELA and the KELA/ Live Rates Feeds platform are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or KELA. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the KELA and the platform, including the utility of the KELA for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
3. Risk​ ​of​ ​Mining​ ​Attacks
As with other decentralized cryptographic tokens based on the Ethereum protocol, KELA are susceptible to attacks by miners in the course of validating KELA transactions on the Ethereum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to the platform and KELA, including, but not limited to, accurate execution and recording of transactions involving KELA.
4. Risk​ ​of​ ​Hacking​ ​and​ ​Security​ ​Weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with the platform or KELA in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Furthermore, because the platform is based on open-source software, there is a risk that a third party or a member of the Company team may intentionally or unintentionally introduce weaknesses into the core infrastructure of the platform, which could negatively affect the platform and KELA, including the utility of KELA for obtaining Services.
5. Risks​ ​Associated​ ​with​ ​Markets​ ​for​ ​KELA
If secondary trading of Tokens is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third-parties do ascribe an external exchange value to KELA (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile.
6. Risk​ ​of​ ​Uninsured​ ​Losses
Unlike bank accounts or accounts at some other financial institutions, KELAs are uninsured unless you specifically obtain 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 Company, to offer recourse to you.
7. Risks​ ​Associated​ ​with​ ​Uncertain​ ​Regulations​ ​and​ ​Enforcement​ ​Actions
The regulatory status of KELA and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications, including the Live Rates Feeds platform and KELA. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including the platform and KELA. Regulatory actions could negatively impact the platform and KELA in various ways, including, for purposes of illustration only, through a determination that the purchase, sale and delivery of KELA constitutes unlawful activity or that KELA are a regulated instrument that require registration or licensing of those instruments or some or all of the parties involved in the purchase, sale and delivery thereof. The Company may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
8. Risks​ ​Arising​ ​from​ ​Taxation
The tax characterization of KELA is uncertain. You must seek your own tax advice in connection with purchasing KELA, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
9. Risk​ ​of​ ​Competing​ ​platforms
It is possible that alternative platforms could be established that utilize the same open source code and protocol underlying the platform and attempt to facilitate services that are materially similar to the KELA services.
10. Risks​ ​Arising​ ​from​ ​Lack​ ​of​ ​Governance​ ​Rights
Because KELA confer no governance rights of any kind with respect to the KELA/ Live Rates Feeds platform or the Company, all decisions involving the Company’s products or services within the platform or the Company itself will be made by the Company at its sole discretion. These decisions could adversely affect the platform and the utility of any KELA you own, including their utility for obtaining Services.
11. Unanticipated​ ​Risks
Cryptographic tokens such as KELA are a new and untested technology. In addition to the risks included in this Annex A of these Terms, there are other risks associated with your purchase, possession and use of KELA, including unanticipated risks. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this Annex A of these Terms.
12. Apocalypse Protocol
Since cryptographic tokens are still new technologically, legally and financially, the company has put in place a safeguard to minimize the risk. Should it be decided by the company or by other governmental and/ or regulatory entities to close down all or partial operations, the company may choose to shut down all KELA operations and offer KELA holders the ability to redeem the KELA in their holdings for the asset backing KELA (diamonds).
Should the Apocalypse Protocol be initiated the purchaser understands and agrees to the following:
  1. KYC/ AML requirements may require the purchaser to send new/ additional documents to the company
  2. The company may choose to sell the diamonds in storage and redeem all or some of the KELAs in cash. Should this happen, the purchaser understands and agrees that the resale price of the diamonds may differ from their retail value. The purchaser understands that there may also be costs involved with reselling the diamonds and redeeming the KELAs for fiat currencies. All of these costs will be borne by the purchaser and will affect the redeemed amount.
  3. There is no guarantee, express or otherwise, that the value of the diamonds will not depreciate over time and/ or lose all of its monetary value.

For further information regarding the KELA sale, please contact admin@liveratesfeeds.co