Version 1.1. Last updated on: 30 September 2022

These terms of use are prepared by Programmable Equity OÜ (registry code 16320994, hereinafter “we” or “KOOS”).

We provide software and technology www.koos.io (the “KOOS Environment”) that helps companies and other organisations (the “Token Issuers”) to reserve and register tokens (the “Tokens”) to pre-selected persons (the “Contributors") as part of token programs created by the Token Issuers (each such token program, the “Program”).

In KOOS Environment, the Contributors that comply with the conditions of the Program can complete actions required by the Token Issuer to accept the Tokens after which they will be registered in the token register established for the respective Program (“Register”) as the holders of respective Tokens (“Token Holders”).

You are seeing these terms because a certain Token Issuer has reserved certain Tokens for you as part of a certain Program and asked us to give you access to KOOS Environment and the respective Register. Such access will be given to enable you to see certain information about such Tokens, including the terms of respective Tokens (“Token Terms”), and, upon compliance with the conditions of the Program, to accept such Tokens and, if applicable, take certain further actions in the Register.

  1. When making the KOOS Environment available to you, we act as a service provider to the Token Issuer. We act only for and in the interests of the Token Issuers without any duty or obligation to you.
  2. All legal relationships relating to the Tokens will be created directly between you and the Token Issuer. We are not acting as a Token Issuer, we are not a party to any legal relationships arising from Token Terms, and we have no responsibility for the fulfilment of any obligations arising from Token Terms.
  3. To use the KOOS Environment and have access to the Register(s), you need to have control over your e-mail account, mobile number and other log-in details. If you lose control over your e-mail account, mobile number and/or other log-in details, you may lose access to KOOS Environment and/or the Register as well as to any Tokens reserved for you or registered in your name in the Register. You should inform us or the Token Issuer immediately if you get information about any breach of security or unauthorized use of your account in the KOOS Environment. You are responsible for all activities that occur while your login details are being used, regardless of whether such activity is authorized or undertaken by you, your representatives, or employees or a third party.
  4. You must ensure that all information that you provide in KOOS Environment is current, complete and accurate.
  5. You should not use KOOS Environment in a way that (a) is unlawful, unethical, deceptive, misleading or in conflict with industry practices (b) is harmful, threatening, defamatory, infringing, harassing or discriminatory (c) may infringe the intellectual property rights or other rights of any third party; You should not (a) use the KOOS Environment in any manner that could negatively affect other users from fully enjoying the KOOS Environment (b) attempt to circumvent any content filtering techniques or security measures that we employ for KOOS Environment, or attempt to access any service or area of the KOOS Environment that you are not authorized to access; (c) use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the KOOS Environment or to extract data; (d) use or attempt to use another account without authorization; (e) introduce any malware, virus or other harmful material into the KOOS Environment.
  6. You acknowledge that we are a software company, we are not professional advisers in legal, tax, financial or accounting matters. Even if the Token Issuer has requested us to make (or we have otherwise made) available guidance on those aspects that may be relevant to Tokens, such guidance should not be taken as a legal advice. You should always consult with professional tax/legal/financial advisors to fully understand any consequences of any Tokens and actions relating to Tokens.
  7. You are granted a non-exclusive, revocable, non-sublicensable and non-transferable right (license) to use KOOS Environment for the purposes described above. To the fullest extent permitted under the applicable law, KOOS Environment is provided on an “as is” and “as available” basis. We may update, improve, or change KOOS Environment, including add and remove features, at any time.
  8. You acknowledge that we and/or our licensors and/or cooperation partners own all intellectual property rights in KOOS Environment. You are not granted any intellectual property rights or other rights in respect of KOOS Environment.
  9. Except as may be allowed by mandatory provisions of applicable law, you shall not (i) attempt to copy, modify, duplicate, create derivative works from, frame, mirror, republish, download, display, transmit or distribute all or any portion of KOOS Environment by any means or (ii) attempt to de-compile, reverse compile, disassemble, reverse engineer or otherwise reduce to human-perceivable form all or any part of KOOS Environment.
  10. Data controller of your personal data collected upon the use of KOOS Environment is the Token Issuer. For any personal data related requests and to see the privacy terms applicable in relation to Tokens, please contact the Token Issuer.
  11. We act as a data processor to the Token Issuer. Our privacy practices are described in more detail in our Privacy & Cookie Policy.
  12. Please note that we may suspend the provision of your access to KOOS Environment without prior notice (a) upon the request from the Token Issuer (b) if you have materially breached these terms or have not remedied any breach within the reasonable cure-period (c) we have a reasonable suspicion of fraud or inappropriate activity and/or (d) this is necessary to ensure the security of KOOS Environment and/or other users of the KOOS Environment.
  13. Upon the cancellation, withdrawal or other termination of respective Tokens related to you we have no obligation to retain your data. Please contact the Token Issuer if you wish to have any copies of your data after such termination.
  14. The use of KOOS Environment shall be governed by Estonian laws.
NameProgrammable Equity OÜ
AddressHarju county, Viimsi Kristjani road 4, 74015
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