READ THESE TERMS AND CONDITIONS (“Terms”) CAREFULLY BEFORE USING THE SERVICES DESCRIBED HEREIN. BY UTILIZING THE WEBSITE LOCATED AT https://www.namefraction.com (“Website”) AND PRODUCTS OFFERED THEREIN, YOU ACKNOWLEDGE THAT YOU HAVE READ THESE TERMS AND CONDITIONS AND THAT YOU AGREE TO BE BOUND BY THEM. IF YOU DO NOT AGREE TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, YOU ARE NOT AN AUTHORIZED USER OF THESE SERVICES AND YOU SHOULD NOT USE THIS WEBSITE OR ITS PRODUCTS. YOU MAY BE REFERRED TO YOU OR THE ENTITY YOU REPRESENT.
NAME FRACTION RESERVES THE RIGHT TO CHANGE, MODIFY, ADD, OR REMOVE PORTIONS OF THESE TERMS AT ANY TIME FOR ANY REASON. WE SUGGEST THAT YOU REVIEW THESE TERMS PERIODICALLY FOR CHANGES. SUCH CHANGES SHALL BE EFFECTIVE IMMEDIATELY UPON POSTING. YOU ACKNOWLEDGE THAT BY ACCESSING OUR WEBSITE AFTER WE HAVE POSTED CHANGES TO THESE TERMS, YOU ARE AGREEING TO THE MODIFIED TERMS. IN PARTICULAR, NAME FRACTION IS LIKELY TO CHANGE THESE TERMS AFTER THE DEVELOPMENT OF THE PRODUCTS (PLATFORM) AND THEIR PUBLIC RELEASE. THESE TERMS ARE MOSTLY FOCUSED ON THE DISTRIBUTION OF NAME FRACTIONS.
THIS DOCUMENT OR ANY OTHER DOCUMENT, PRODUCED AND SIGNED BY NAME FRACTION, DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO SELL SHARES OR SECURITIES IN NAME FRACTION OR THE WEBSITE OR THE PRODUCTS OFFERED THERETO. NONE OF THE INFORMATION OR ANALYSES PRESENTED ARE INTENDED TO FORM THE BASIS FOR ANY INVESTMENT DECISION, AND NO SPECIFIC RECOMMENDATIONS ARE INTENDED. NAME FRACTION SERVICES AND THE WEBSITE ARE NOT, DO NOT OFFER, AND SHALL NOT BE CONSTRUED AS INVESTMENT OR FINANCIAL PRODUCTS, BUT AS SOFTWARE. ACCORDINGLY, THIS DOCUMENT DOES NOT CONSTITUTE INVESTMENT ADVICE COUNSEL OR SOLICITATION FOR INVESTMENT IN ANY SECURITY AND SHALL NOT BE CONSTRUED IN THAT WAY. THIS DOCUMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR ANY INVITATION TO OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES.
ACQUISITION OF NAME FRACTIONS FROM NAME FRACTION DOES NOT PRESENT AN EXCHANGE OF SECURITIES OR CRYPTOCURRENCIES FOR ANY FORM OF ORDINARY SHARES IN NAME FRACTION OR THE WEBSITE, AND THE HOLDER OF ANY CRYPTOGRAPHIC TOKENS, ISSUED BY NAME FRACTION IS NOT ENTITLED TO ANY GUARANTEED FORM OF DIVIDEND OR OTHER REVENUE RIGHT. HOLDERS OF NAME FRACTIONS ARE ONLY ENTITLED TO THE USE OF THE PLATFORM AND SOFTWARE AND CERTAIN OTHER RIGHTS WITHIN THE PLATFORM BY THE TERMS SET OUT HEREIN. ANY PERSON OR ENTITY, INCLUDING ANYONE ACTING ON ITS BEHALF, BEING BASED, DOMICILED, LOCATED, OR INCORPORATED IN THE UNITED STATES OF AMERICA AND ANY OF ITS LANDS OR IN THE BRITISH VIRGIN ISLANDS OR IN THE UNITED KINGDOM OR ANY OTHER JURISDICTION WHERE TRADING CRYPTO ASSETS IS CONSIDERED UNLAWFUL, SHALL NOT USE THE WEBSITE AND SHALL LEAVE THIS WEBSITE IMMEDIATELY. NAME FRACTION EXPRESSLY DISCLAIMS ANY AND ALL RESPONSIBILITY FOR ANY DIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM: (I) RELIANCE ON ANY INFORMATION CONTAINED IN THIS DOCUMENT, (II) ANY ERROR, OMISSION OR INACCURACY IN ANY SUCH INFORMATION OR (III) ANY ACTION RESULTING THEREFROM, (IV) USAGE OR ACQUISITION OF PRODUCTS, AVAILABLE THROUGH THE WEBSITE.
General Rules
When you buy a share of a domain on our website you buy a fractional ownership of it. When all shares of a domain are sold you will get an NFT in your wallet which is linked to that fractional ownership. You will be then able to sell it and transfer it to another wallet. Whoever owns the NFT when the domain is sold to an end user, will get the corresponding percentage of the proceeds (sale price – fees associated with the sale). If the proceeds from the sale of the underlying domain are lower than what you pay for it, we will refund 90% of the original purchase price which in most cases is $10 per a single share of fractional ownership. If you purchased the NFT on the market the refund will be capped at $9 per share.
Ownership and Income: The ownership of the NFT entitles to a fractional domain name ownership. It is important to note that owning this NFT does not entitle you to any direct income, such as dividends or regular payouts, typically associated with traditional investments like stocks or real estate.
Income from Sales: The primary way to potentially realize income from this NFT is through its sale. You would need to find a buyer willing to purchase your fractional share at your asking price. However, it’s crucial to understand that the sale is not guaranteed. The ability to sell the NFT will depend on various factors, including market demand, the inherent value of the underlying asset, and overall conditions in the NFT market.
Market Risks and Sale Price: The NFT market is highly speculative and can be volatile. While NFTs can sometimes increase in value, they can just as easily decrease or fluctuate unpredictably. As such, the sale price of your NFT might end up being lower than your purchase price of the fractional ownership, or in some cases, you may not be able to sell it at all. It’s important to prepare for this possibility and to invest only what you can afford to risk.
Informed Decisions: We encourage all our potential investors to consider these points carefully. Investing in NFTs, particularly those representing fractional ownership, should be done with a clear understanding of the risks involved. We recommend consulting with financial advisors or experts in digital assets if you have any doubts or require more detailed information.
Your Investment Goals: Make sure that this investment aligns with your broader investment strategy and goals. Consider how this NFT fits into your overall portfolio and risk tolerance. Remember, diversification is key in managing investment risk.
We are committed to transparency and want to ensure all potential buyers are well-informed about the nature of their investments. If you decide to proceed, we are here to support you with any further information or assistance you might need.