Disclaimer
This white paper does not constitute a prospectus or offering document and is not a solicitation for investment and does not constitute an offer of financial instruments, securities to the public or a collective investment scheme. Any decision to purchase PLYX tokens shall be based on consideration of this white paper as a whole.
The PLYX token does not possess any necessary characteristic required to be considered a transferable security, money market instrument, unit in collective investment schemes, a digital currency, commodity, security or any other form of investment in any jurisdiction. This white paper does not constitute a prospectus, offer documents, investment invitations, nor does it constitute a financial instrument, public securities, or collective investment scheme. Any decision to purchase PLYX tokens shall be based on consideration of this white paper as a whole.
The platform the company is building has a very wide use case and will generate large scale employment. The company is in the process of hiring software developers, marketing experts, public relation managers, statisticians, data analysts, legal experts and others. The Issuer reserves the right to:
make changes to this white paper and any documents linked to the PLYX token and/or holding and use of PLYX token to ensure compliance with the applicable regulatory requirements and
do all that is necessary to be in compliance with any regulatory requirements, including but not limited to, interrupting, suspending or ceasing the operations or trading of the PLYX token if deemed necessary at the Issuer’s sole discretion.
It is solely up to you to ensure that no prior or subsequent approval, notification, registration or license is needed or if such is needed, it is solely up to you to obtain such prior or subsequent approval, notification, registration or license or require any form in the country where you are a citizen, national, resident or having a similar connecting factor, or incorporated, registered or effectively managed, and the Issuer shall not in any way be liable for any non-conformity of the above by you.
The PLYX tokens are not available to:
a natural person being a citizen, national, resident or having a similar connecting factor to;
a juridical person being incorporated, registered or effectively managed and controlled from or within a country, jurisdiction or territory
where the private placement or the holding and use of the PLYX token and/or virtual currency or other tokens at any other moment in time is prohibited by laws, regulations or other practices and policies in the said country, jurisdiction or territory.
Other than for usage on the Playex platform and trading on cryptocurrency exchanges, this white paper, the PLYX tokens, and/or the possession, use, and trading of the PLYX token carry no rights, explicit or implied. PLYX tokens do not constitute or confer any kind of ownership, interest, share, security, or comparable rights, intellectual property rights, or other form of involvement with the Issuer. PLYX tokens do not grant you any right to acquire such an interest or claim in the Issuer. To the best of the Issuer's knowledge and belief (which they have all taken reasonable effort to ensure), the information contained in
This white paper is accurate and does not omit anything that might change the meaning of the information. The Playex Platform as well as the Athlete/Club/Organization Tokens fall outside the scope of this white paper – they are mentioned in this white paper by way of reference only and are strictly not regulated by the contents hereof.
Legality
Playex is a game of “skill”. In India, the applicable legislation is very clear that, unlike game of "chance", games that substantially demand a player to employ his talent are completely legal.
All games offered by Playex are meticulously constructed, and prize winners' jurisdiction is strictly checked to guarantee legal conformity with current Indian legislation.
If you are visiting this site from Andhra Pradesh, Assam, Orissa, Telangana, Sikkim, Nagaland in India or any other country where the legislation in these jurisdictions is uncertain regarding skill games with entry fees for cash rewards, you are not permitted to participate in Playex cash contests.
KYC & AML
The issuer has implemented stringent KYC procedures to verify the identity of every applicant and beneficial owner (where applicable) who has expressed an interest in purchasing PLYX, and only those contributors who have successfully identified themselves in the KYC procedure, to the satisfaction of the Issuer, have been accepted into the PLYX Application.
The donors and the Issuer are protected against illegal elements like as money laundering and terrorism financing if KYC processes are strictly followed. The KYC procedures were implemented in compliance with all applicable Indian and EU regulations and were based on existing market practices.
Because the Issuer understands the importance of preventing money laundering and terrorism financing, AML and counter-terrorism financing procedures have been implemented in accordance with applicable legislation, including the Prevention of Money Laundering Act, as well as any rules and regulations enacted thereunder. The Issuer specifically asked for the identification of any politically exposed persons ("PEPs"), individuals who are or have been entrusted with major public duties, and immediate family members, or persons known to such persons' close acquaintances.
The Issuer's policies and processes in this regard are based on contributor identification and identity verification using the following sources:
Documentation provided by the contributors.
The contributors' information was gathered from reputable, independent and unbiased sources.
The Issuer has not done business with, and will not do business with, the following dangerous individuals:
Those who refuse to provide required information or documentation to the Issuer.
Entities whose ownership or control structure is unknown.
Those people who are listed on any official sanction lists.
Individuals who, based on available information, appear to be involved in criminal activity.
Those who have a business where their activity, source of cash, or riches cannot be reasonably verified.
The Issuer keeps a record of received paperwork and information, as well as copies or recommendations, for the legally required time period under applicable laws, such as anti-money laundering legislation and data protection regulations, such as the General Data Protection Regulation.
IP Rights
Unless otherwise stated, the Issuer's parent business, Playex, a corporation registered under the laws of India, owns the Playex marks, all content on the website (www.playex.io), and this white paper in respect to the Playex offering and platform.
This implies that without our clear written permission, readers are not permitted to use the content contained in web pages, electronic or printed publications, or any other medium, as well as terms, phrases, names, designs, or logos that are our trademarks.
All content on the website, whitepaper, business model, and any other publicly available document is subject to change at any time without warning to anyone, including stakeholders and token holders.
For additional information, please contact us at ask@playex.io
Last updated