QADSAN Token-shares Official Rules, Terms and Conditions
§1. QADSAN (hereinafter the “Game”) is defined as a token-share market game that can be played on Decentralized Exchanges (DEX) supporting these tokens.
§2. A gamer is defined as a person who agrees to the Official Rules, Terms and Conditions or any other pages on this website.
§3. Website is defined as all information and files stored on the server (s) that contain these Official Rules, Terms and Conditions or any other pages that is part of the Game.
§4. A player in a game is defined as the person who initiates a request to open an Account on this website and who has purchased any QADSAN token-shares.
§5. “Account” is defined as a set of participant information and any bets, accepted by QADSAN for use in the “Game”
§6. “Company” – NEHOC ONLINE BUSINESS GROUP SOCIEDAD DE RESPONSABILIDAD LIMITADA (company registered on March 22, 2021 in Costa Rica, Guanacaste Bagases, registration certificate No. 3102810771).
§7. This website is open to individuals who have reached the age of majority in a jurisdiction of residence where such participation is not prohibited or regulated.
§8. QADSAN employees and their immediate family members are not allowed to participate in the game.
§9. The player agrees, without exception, to follow the QADSAN rules published on the Website.
§10. These rules, terms, terms and conditions may be changed from time to time by the QADSAN administration as necessary.
§11. Failure to follow such rules may result in disqualification and legal proceedings.
§12. All purchases and sales of token-shares are carried out in QADSAN tokens, the rate of which, for convenience, is tied to the US dollar rate. The player is solely responsible for any applicable taxes and fees in connection with any income received.
§13. The Player can decide to replenish the deposit by purchasing QADSAN tokens at any time, and there is no requirement to continue participation in order for a Player to make such request.
In the interests of the holders of token-shares belonging to virtual companies 9 and 10, and of preserving the dynamics of the game, QADSAN have the right to decide against reducing the SELL price of these companies in favor of treating the amount of money spent on the purchase of token-shares in Companies 9 and 10 as if it had been spent on the purchase of shares in Company 9, the Privileged Company at the BUY price on that day.
In addition, in order to maintain prices for token-shares, QADSAN has the right to perform a Reverse Split – consolidation of token-shares by reducing the number of token-shares in circulation by proportionally combining them. In this case, the required number of token-shares is debited (using Stellar blockchain Clawback operation) from the participants’ addresses and burned. At the same time, the total par value of token-shares, their market cap and the percentage of holders in the respective “companies” does not change. The split procedure and its mechanism are published by the QADSAN game at the time of the decision on the reverse split.
The purpose of the reverse split is to forcefully increase the price of one token-share.
§14. The Player is not obliged to participate in the Game, and such participation, if chosen by the Player, remains at the discretion of the Player and at his full risk.
§15. The decisions made by the Company on all issues related to the Game are final, binding and irrefutable in all matters.
If necessary (for example, for technical reasons), QADSAN can provide players with additional information (for example, regarding prices for token shares, etc.) by email. In such cases, the information received on this matter is considered official.
§16. Player consents to use his/her name for advertising and promotional purposes without additional compensation except where prohibited by law. Player, by acceptance of Prize, acknowledges compliance with all rules.
§17. The Company makes no representations or warranties, implicit or explicit, as to the legal right for Player to participate in the Game nor any of the Company’s employees, licensees, distributors, wholesalers, affiliates, subsidiaries, advertising, promotion or other agencies, media partners, agents or retailers shall have the authority to make any such representations or warranties.
§18. The rules, terms, conditions and conditions contained in this document may be changed and / or supplemented only by the Company posting such changes and / or amendments on the website, or by notifying players and interested parties by e-mail.
§19. The Company is not responsible for computer failures or attempts by the Player to participate in the Game by methods, means or methods not provided by the Company.
QADSAN decides what information appears on the site.
§20. The rules, regulations, terms and conditions contained in this document represent the complete, final and exclusive agreement between the Player and the Company.
§21. By submitting a request to register, open an Account, use and reuse such an Account, participate in the Game or buy and sell token-shares, the Player hereby represents, warrants and certifies all of the following:
21.1. The player fully understands, agrees, becomes a member and must comply with all the rules, terms and conditions contained in this document, and as such rules, terms and conditions may change from time to time.
Players should be aware that since this is a virtual game, some of the information on the site is also virtual (company profiles, company directors, etc.).
21.2. The player is over 18 years of age or is an adult as defined in the jurisdiction of the tier.
21.3. Player shall not allow any other person or third party including, without limitation, any minor, to use or reuse Player’s Account, access and/or use any materials or information from the Web Site and any nformation relating to a Player’s Account as stored on Player’s computer or elsewhere, accept any Payout, or participate in the Game.
21.4. The Player does not consider the Game or the Website to be offensive, inappropriate or indecent.
21.5. Player shall hold the Company, its employees, officers, directors, licensees, distributors, wholesalers, endors, affiliates, subsidiaries, advertising, promotion or other agencies, media partners, agents and retailers harmless and shall fully indemnify the same from any and all costs, expenses, liabilities and damages hatsoever that may arise as a result of Player’s; (i) entry, use, or reuse of the Web Site (ii) use of any materials at the Web Site (iii) participation in the Game, or (iv) the acceptance of any Payouts.
21.6. Player’s interest in the Game and the Web Site is personal, and not professional; Player’s entering the Web Site is solely for Player’s own personal entertainment and any other entrance, access, use or reuse of the Web Site by Player is strictly prohibited.
21.7. Player fully understands the standards and laws, as such standards and laws relate to the Game, of the community/legal jurisdiction to which Player is transporting the material contained in the Web Site, and Player is solely responsible for his/her actions.
21.8. Player understands that violating any rule, regulation, term, or condition herein, may be in violation of applicable law. Player shall be solely responsible for any such violation and, in addition, as a consequence of any such violation, Player’s access to the Web Site may be terminated and legal proceedings may be initiated.
21.9. Player shall periodically review at a rate not less than once monthly these Official Rules, Terms and Conditions as seen here.
21.10. Any dispute arising out of or relating to the Game, Payouts, the Company, the random-number generators or databases shall be governed by the laws of Costa Rica.
21.11. Player shall not participate in the Game, open, use or reuse an Account, enter the Web Site and, or accept any Payout if Player does not fully understand, agree to, become a party to, and shall abide by, without exception, all rules, regulations, terms and conditions contained herein and as such rules, regulations, terms and conditions may change from time-to-time.
21.12. All taxes on prizes are the responsibility of the winners. The Company does not accept any responsibility or damage caused to any computer used while playing the Game or accessing the Web Site.
21.13. The Company does not accept any responsibility for malfunction or inability to play Game which arises from Player not playing game on suitable browser.
TOKEN-SHARES (QADSAN) BASIC RULES
- QADSAN works without interruption, 24 hours a day, 365 days a year.
- There are token-shares of 10 virtual companies on the market.
- There are 3 types of companies traded:
Ordinary companies (1-7)
Privileged company (8)
High-yield and high-risk companies (9,10)
- Ordinary companies (1-7)
ELGOOG Company №1
LAPYAP Company №2
EKIN Company №3
TFOSORCIM Company №4
ISPEP Company №5
ASIV Company №6
MARGELET Company №7
The prices of these companies token-shares change chaotically from the point of view of the players – almost like on a real stock exchange. The likelihood of their rise and fall is in accordance with changes in the token-shares prices.
However, no one token-share holder can lose more than 10% of their invested capital during one round.
- Privileged company (8)
KOOBECAF Company №8
The value of this company token-shares is supported by the QADSAN, so its value is constantly growing at an average rate of 10% per month (up to approximately 215% per year).
To ensure this monthly increase, QADSAN has established a Special Reserve Fund that is continually replenished by deducting a predetermined amount from the QADSAN’s income (spread of 1.5% is charged on every buy/sell transaction from 1-8 token-shares and of 5-8% from 9 and 10).
A fall in the value of this company token-shares is theoretically possible in the event of the following situation: if a panic rises among the token-shares holders and demand for all token-shares on the market stops, in other words, the Special Reserve Fund dries up.
But even in this unimaginable situation, the price of the token-shares of the Privileged Company (8), according to the rules regulating the fall in prices, cannot fall by more than 10% per round.
Also, auxiliary stabilization funds exist that ensure the normal operation of the exchange and guarantee liquidity in any scenario.*
- High-yield and high-risk companies (9,10)
ELPPA Company №9
ALSET Company №10
The description of these companies speaks for itself.
The value of these companies token-shares is constantly growing very quickly and growing very quickly – perhaps at a rate of up to 50% and 100% per month, respectively. However, in theory, if their economies overheat, their value could fall just as quickly.
The decrease in the value of company No. 9 may amount to 50%, i.e. token-shares can suddenly lose half of their value.
In the case of company No. 10, there is no such limitation, which means that the share may be completely devalued.
By the way, we are only at the very beginning of growth. If you pay close attention to the current statistics pertaining to the transactions of these companies, you can foresee the moment when the demand will start to fall and when you should stop trading and lock in your profits.
Moreover, this can be done at any time.
- Token-shares of all virtual companies (1-10) have 2 prices on QADSAN:
- Purchase price is the price at which you can buy these token-shares from QADSAN;
- Selling price is the price at which you can sell these QADSAN token-shares.
- QADSAN makes profits from the difference between the PURCHASE price and the SELL price.
Prices for token-shares of Ordinary companies N1-7 are set, inter alia, in accordance with market conditions:If the circulation supply of token-shares as a result of the last round has increased, then the price in the next round will increase in proportion to the difference in the circulation supply of token-shares between the two previous rounds.
Accordingly, if the circulation supply of token-shares in circulation has decreased in comparison with the previous round, then the price of token-shares in the next round will decrease according to the same algorithm, but no more than 10% in one round.
- QADSAN guarantees that you can always buy any number of token-shares from it at the current PURCHASE price and sell any number of token-shares to it at the current SALE price.
- The token-shares rates for the Ordinary Companies can change twice a day at 08.00 and 20.00 UTC.
During the beta version of the game, rates can change once at any time of the day.
- The token-shares rates for the Privileged Company (8) and High Profit and High Risk Companies (9 and 10) change twice a week on Tuesdays and Fridays at 08.00 UTC.
- You can see the prices of token-shares on any exchanges where QADSAN tokens are traded.
- There are no conditions that determine how long a token holder can keep his shares. Players have the right to sell their token-shares immediately after purchasing them. In addition, they keep their token-shares for as long as they want.
- QADSAN tokens can be paid “dividends” in the form of token-shares of virtual companies or QADSAN tokens.
- The minimum deposit (purchase amount) is $0.01, the maximum amount is not limited.
Asset code: QADSAN
QADSAN Token (QADSAN) is a stable token of the QADSAN Token-Shares Market Game project, pegged to the US dollar at a ratio of 100 QADSAN = 1 USD. At the initial stage, the total number of QADSAN tokens is 10 billion tokens, in the future, as the project develops, the number of tokens can be increased in accordance with the needs of the project. All tokens of the QADSAN project are traded in pair with QADSAN token, thus maintaining the peg to the US dollar.
Friendly name: QADSAN token
Issuer address: GAKGQRKHKIL5DMOG45JVKATVHUFXJGJBM6EIG5STOS2JFFKD5TVQKZSY
Total supply: 10,000,000,000 QADSAN
Asset code: ELGOOG
Friendly name: ELGOOG Company N1
Total supply: 1,900,000,000,000 ELGOOG
Asset code: LAPYAP
Friendly name: LAPYAP Company N2
Total supply: 100,000,000,000 LAPYAP
Asset code: EKIN
Friendly name: EKIN Company N3
Total supply: 100,000,000,000 EKIN
Asset code: TFOSORCIM
Friendly name: TFOSORCIM Company N4
Total supply: 100,000,000,000 TFOSORCIM
Asset code: ISPEP
Friendly name: ISPEP Company N5
Total supply: 100,000,000,000 ISPEP
Asset code: ASIV
Friendly name: ASIV Company N6
Total supply: 100,000,000,000 ASIV
Asset code: MARGELET
Friendly name: MARGELET Company N7
Total supply: 100,000,000,000 MARGELET
Asset code: KOOBECAF
Friendly name: KOOBECAF Company N8
Total supply: 100,000,000,000 KOOBECAF
Asset code: ELPPA
Friendly name: ELPPA Company N9
Total supply: 100,000,000,000 ELPPA
Asset code: ALSET
Friendly name: ALSET Company N10
Total supply: 100,000,000,000 ALSET