Related FAQ’s

What is a TAG Bankers Company ?

The TAG Bankers Group Limited. A private banking unit, which governs TWEX and its Exchange.

What is FCA ?

The ‘Financial Conducts Authority’, is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry

What is ECB ?

The ‘European Central Bank’, The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The ECB is an official EU institution at the heart of the Eurosystem as well as the Single Supervisory Mechanism for banking supervision.
Our mission is to serve the people of Europe by safeguarding the value of the euro and maintaining price stability.

What is Bitcoin ?

Bitcoin (₿) is a crypto (digital) currency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The system works as a peer-to-peer network, in which transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a Blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted Bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using Bitcoin.

What is KYC ?

Know Your Customer. It is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship.

What is ETH ?

Abbreviation for Ethereum

What is TPS ?

Abbreviation for our newly created class of debt instrument: ‘Tokenized Preferred Share‘ that holds the first lien on all assets of the issuer and that get paid above all other parties in case of bankruptcy.

What is IPO ?

An initial public offering, or IPO, is the very first sale of stock (shares) issued by a company to the public.

Prior to an IPO the company is considered private, with a relatively small number of shareholders made up primarily of early investors (such as the founders, their families and friends) and professional investors (such as venture capitalists or angel investors). The public, on the other hand, consists of everybody else – any individual or institutional investor who wasn’t involved in the early days of the company and who is interested in buying shares of the company. Until a company’s stock (shares) is offered for sale to the public, the public is unable to invest in it. You can potentially approach the owners of a private company about investing, but they’re not obligated to sell you anything. Public companies, on the other hand, have sold at least a portion of their shares to the public to be traded on a stock exchange. This is why an IPO is also referred to as “going public.”

What is SEC ?

The ‘Securities Exchange Commission’, which is the US version of the FCA or the South African version of the FSB (Financial Services Board). It is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of securities markets and facilitating capital formation.

What is Blockchain ?

[Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one of them. IN essence, it’s a platform just like the internet is for email and websites.”

What is Ethereum ?

Before you can understand Ethereum, it helps to first understand the internet.

Today, our personal data, passwords and financial information are all largely stored on other people’s computers – in clouds and servers owned by companies like Amazon, Facebook or Google. Even this Coin Desk article is stored on a server controlled by a company that charges to hold this data should it be called upon.

This setup has a number of conveniences, as these companies deploy teams of specialists to help store and secure this data, and remove the costs that come with hosting and uptime.

But with this convenience, there is also vulnerability. As we’ve learned, a hacker or a government can gain unwelcome access to your files without your knowledge, by influencing or attacking a third-party service – meaning they can steal, leak or change important information.

Brian Behlendorf, the creator of the Apache Web Server, has gone so far as to label this centralized design the “original sin” of the Internet. Some like Behlendorf argue the Internet was always meant to be decentralized, and a splintered movement has sprung up around using new tools, including Blockchain technology, to help achieve this goal.

Ethereum is one of the newest technologies to join this movement.

While Bitcoin aims to disrupt PayPal and online banking, Ethereum has the goal of using a Blockchain to replace internet third parties — those that store data, transfer mortgages and keep track of complex financial instruments.
The ‘World Computer’

In short, Ethereum wants to be a ‘World Computer’ that would decentralize – and some would argue, democratize – the existing client-server model.

With Ethereum, servers and clouds are replaced by thousands of so-called “nodes” run by volunteers from across the globe (thus forming a “world computer”).
The vision is that Ethereum would enable this same functionality to people anywhere around the world, enabling them to compete to offer services on top of this infrastructure.

Scrolling through a typical app store, for example, you’ll see a variety of colourful squares representing everything from banking to fitness to messaging apps. These apps rely on the company (or another third-party service) to store your credit card information, purchasing history and other personal data – somewhere, generally in servers controlled by third-parties.

Your choice of apps is of course also governed by third parties, as Apple and Google maintain and curate (or in some cases, censor) the specific apps you’re able to download.

Take the example of an online document service like Evernote or Google Docs.

Ethereum, if all goes according to plan, would return control of the data in these types of services to its owner and the creative rights to its author.The idea is that one entity will no longer have control over your notes and that no one could suddenly ban the app itself, temporarily taking all of your notebooks offline. Only the user can make changes, not any other entity.

In theory, it combines the control that people had over their information in the past with the easy-to-access information that we’re used to in the digital age. Each time you save edits or add or delete notes, every node on the network makes the change.

It’s worth noting that the idea has been met with scepticism. Although the apps appear to be possible, it’s unclear which Blockchain applications will actually prove useful, secure, or scalable, and if they will ever be as convenient to use as the apps we use today.

What is AML ?

Anti Money Laundering. Anti-money laundering (AML) refers to a set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions. Though anti-money laundering laws cover a relatively limited number of transactions and criminal behaviors, their implications are far-reaching.

What is BTC ?

Abbreviation for Bitcoin

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By continuing on to use our website (www.twex.exchange) you hereby warrant and represent that you have irrevocably and accepted all of our terms and conditions without liability and or responsibility from us, our employees, associates and or any other affiliated or parent companies unless so confirmed in writing.

DEFINITIONS :

1.1 ACCOUNT – A user’s account on the website, which is created and used to buy crypto assets issued by TWEX or any other company listed on the TWEX Exchange. Please fill in our account opening forms and provide us with all required information in order to enable us to respect our AML charter and to perform our KYC. Only account holders will be able to acquire and subsequently trade their crypto assets primarily acquired from us.

1.2 AGREEMENT – These terms and all other operating rules, policies, and procedures that may be published from time to time on the website (including privacy policy, cookie policy etc.)

1.3 BITCOIN OR BTC – A consensus network that enables a new payment system and completely digital money; the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

1.4 BLOCKCHAIN – Type of distributed ledger, comprised of unchangeable, digitally recorded data in packages called blocks.

1.5 CYPTO ASSETS – Cryptographic Assets, which are software products (digital resources), created by the website owner as a proof of membership of their holders in various or specific ventures contemplated at inception.

1.6 TPS – Tokenized Preferred Shares – Each borrower traded on the Exchange will issue a certain number of Preferred Shares that will equal in numbers the contracted debt divided by one cent. We will tokenize the Preferred Share in order to create the TPS. Please be advised that as owner of one or more TPS you are entitled to all profit rights associated to said TPS as well as to repayment of the capital on a pre-agreed schedule that can be changed solely by mutual agreement. Said profits are payable yearly three months maximum after end of accounting and auditing of accounts in order to determine funds available for distribution to holders. With your status of Preferred Shareholder when owning a TPS of any company trading on our Exchange you are secured by all assets of the company recipient of your funds and secured in the knowledge that you will be paid first in case of bankruptcy.

1.7 TWEX WALLET – Blockchain wallet that permits users to buy, sell, manage and hold digital coins and assets.

1.8 USER – Anyone who uses the website, with or without prior registration and authorization using the Account.

1.9 WEBSITE OWNER, TWEX LTD, TWEX, COMPANY, WE, US – First tokenized closed-end fund designated to blockchain assets; TWEX ltd, a company, that is registered under the laws of the uk. In no way shall (company) be deemed a partner, employer or agent for any user or providing any financial services there to.

2.0 TWEX TOKENISED PREFFERENCE SHARES – Preference Shares issued by TWEX, registered on the Blockchain, holding no equity rights or voting rights. But holding profit participation rights. For every Digital Asset acquired and fully paid for, acquirer is entitled to same number of TPS plus a pro rated number of Smart Contracts for Capital repayments and Profit participation.

GENERAL INFORMATION:

2.1 These terms are a legally binding agreement between you, the user, on the one part, and the website owner, on the other part, also individually referred to as a “party” and collectively as the “Parties”.

2.2 These terms define basic mutual rights and obligations of the website owner and the users, either registered or just visiting certain pages of the website, during their use of the website, including but without limitation, for the purpose of buying the digital assets.

2.3 By using the website, the users accept these terms in full and agree to be bound thereby and comply therewith.

2.4 These terms are effective at the time the users begin using the website. The users may withdraw from their obligation under the terms at any time by discontinuing the use of the Website.

2.5 The user acknowledges and accepts that: – these terms are subject to change, modifications, amendments, alterations or supplements at any time without prior written notice, at website owner’s sole discretion, by updating this posting at the “last updated” section; the user’s continued use of the website after the amendments etc. Shall constitute the user’s consent here to and acceptance hereof; – the website owner reserves the right, at its own and complete discretion, to modify or to temporarily or permanently suspend or eliminate the website, and/or disable any access to the website.

2.6 By using this website, you covenant, represent, and warrant that: – you are of an age of majority to enter into this agreement, meet all other eligibility and residency requirements, and are fully able and legally competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties set forth herein and to abide by and comply herewith; – you are aware of all the merits, risks and any restrictions associated with cryptographic tokens (their buying and use), crypto currencies and blockchain-based systems, as well as you know how to manage them, and you are solely responsible for any evaluations based on such your knowledge; – you have necessary and relevant experience and knowledge to deal with cryptographic tokens, crypto currencies and blockchain-based systems, as well as you have full understanding of their framework.

2.7 You shall not use the website if you are prohibited under the applicable law from using it. In particular, should any limitation or prohibition as to your purchase or use of any amount of the TWEX tokens exist under the applicable law, we persistently recommend you not to use this website and not to buy TWEX tokens.

SALE OF DIGITAL ASSETS:

3.1 You may purchase the digital assets on our private exchange.

3.2 Up to 400,000,000 Digital Assets & TPS are being offered for sale at an initial price of 0.40 Euro cents each. Total supply of TWEX Digital Assets & TPS: 500,000,000. Each TWEX Digital Asset is delivered with one TWEX TPS bearing rights to 30 % of all profits generated by the Exchange and 1 % of total sales of all companies listed and benefitting from this funding. Buyers are also remitted ownership on a pro-rated basis to various Smart Contracts for capital repayments and Profit participation issued by all companies listed on the Exchange and benefitting from this funding.

3.3 The smart contracts are the proof of their holders’ role as lender to the issuer of the contracts and to their inherent rights to payback of capital and profit following specifics of each smart contract issuer. The TWEX Digital Assets are the proof of their holders’ membership in the TWEX ecosystem. The TWEX TPS – Tokenized Preference Share provide their holders a right to receive 1/50000000 per TWEX Digital Asset held of all amounts paid by companies that received the initial funding raised for their projects. Each of these companies is obligated to pay to TWEX ltd 1.5 % of their gross sales. 1 % of said gross sales will be deposited in escrow and distributed according to following formula to Twex holders: 1 % of gross sales collected x number of Twex tokens held divided by 500,000,000 tokens.But only those who acquired their TWEX Digital Assets are entitled to SCC and SCP issued by all companies benefitting from the funds raised. Neither Management nor advisors or marketers are entitled to ownership of SCC and SCP. Similarly, acquirer may decide to buy individual TPS issued by any of the companies trading on our Exchange. In such case, acquirer will solely receive the TPS of the company accompanied by its lot of SCC and SCP only.

3.4 any user who wants to buy the TWEX Digital Assets or individual TPS shall register an account on the website using real name, email address, copy of id and proof of address. Information will then be given on how to fund the account with FIAT Currencies, Bitcoin (BTC), ether, Bitcoin cash (BCH) and or all other accepted crypto currencies as mentioned by us at such time.

3.5 The website accepts fiat currencies as payment for all Digital Assets.

3.6 The TWEX Digital Assets purchased hereunder may be sold and transferred by the User at any time via crypto currency exchanges if the TWEX Tokens are listed thereof.

3.7 By buying TWEX Digital Assets hereunder the user represents and warrants under penalty of perjury and fraud that his/her funds in no way came from illegal or unethical sources.

3.8 You are only allowed to purchase TWEX Digital Assets if you covenant, represent, and warrant that you are not violating/or in violation of the laws in your jurisdiction of residence.

USER REGISTRATION AND ACCOUNT:

4.1 For the purpose of buying TWEX Digital Assets website owner will register you, upon your request, on the website and create an individual account including a login and a password. You warrant that all information you have provided for your account is current, complete and accurate. Registration data and other information about you are subject to TWEX privacy policy available on the website.

4.2 You hereby expressly consent that you are solely responsible for the use of your login and password and for everything done using your registration details. You agree to keep your login information and password private. You are solely responsible for any loss or damage you or we may suffer as a result of your failure to do so.

4.3 You may deactivate your registration with the Website, at any time and for any reason, by sending an email request to info@twex.exchange. We may terminate your use of and registration with the Website at any time if you violate these Terms, at our sole discretion and without prior notice and without any liability or further obligation of any kind whatsoever to you or any other party, when we find such measures reasonable and/or necessary in a particular situation.

THIRD PARTY WEBSITES AND SERVICES:

5.1 The pages of the website may contain links to third-party websites and services. Such links are provided for your convenience, but their presence does not mean that they are recommended by TWEX ltd. In addition, TWEX does not guarantee their safety and conformity with any user expectations. Furthermore, we are not responsible for maintaining any materials referenced from another site, and makes no warranties for that site or this service in such context.

5.2 TWEX Ltd. assumes no obligations in the event of any damage or loss, or any other impact, directly or indirectly resulting from the use of any content, goods or services available on or through any such third-party websites and resources.

INDEMNIFICATION :

6.1 To the extent allowable pursuant to applicable law, the user shall indemnify, defend, and hold TWEX ltd. And/or its subsidiaries, affiliates, directors, officers, employees, agents, successors, and permitted assignees harmless from and against any and all claims, damages, losses, suits, actions, demands, proceedings, expenses, and/or liabilities (including but not limited to reasonable attorneys’ fees incurred and/or those necessary to successfully establish the right to indemnification) filed/incurred by any third party against TWEX ltd. Arising out of a breach of any warranty, representation, or obligation here under.

DISCLAIMER OF WARRANTIES AND LIMITATION OR LIABILITY :

7.1 This website and the TWEX Digital Assets are provided on an “as is” basis and without any warranties of any kind, either expressed or implied. You assume all responsibility and risk with respect to your use of the website and buying of any amount of the Digital Assets and their use. Under no circumstances whatsoever shall TWEX ltd., it’s employees, associates, owners, directors, affiliated company and or others be held responsible for delays in payment of the profit sharing, non timely issuance of the smart contracts; non timely or non retribution of contemplated profits due to unforeseen and unavoidable reasons or cases of force majeure as defined by the international chamber of commerce in Paris, non timely or no payments at all derived from the smart contracts, no markets for trading the TWEX coins, no market for trading the smart contracts, gross negligence by the issuers of the smart contracts – please consult each issuer’s prospectus for more information.

7.2 You hereby expressly agree that, to the maximum extent permitted by the applicable law, the website owner does not accept any liability for any damage or loss, including loss of business, revenue, or profits, or loss of or damage to data, equipment, or software (direct, indirect, punitive, actual, consequential, incidental, special, exemplary or otherwise), resulting from any use of, or inability to use, this website or the material, information, software, facilities, services or content on this website, from buying of the dim tokens or their use by the user, regardless of the basis, upon which the liability is claimed and even if website owner has been advised of the possibility of such loss or damage.

7.3 You understand and agree that the website owner shall not be held liable to and shall not accept any liability, obligation or responsibility whatsoever for any change of the value of the Digital Assets or any other crypto currencies such as BTC and ether but not limited to them. The website owner shall not provide the user refund possibilities (pay-out liquidity) for purchased Digital Assets. The user understands and expressly agrees that the website owner shall not guaranty in any way that the Digital Assets might be sold or transferred after their acquisition.

7.4 At any case, total amount of our aggregate liability here under may not exceed 500 (five hundred) euros. If applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the extent permitted by applicable law. You understand and agree that it is your obligation to ensure compliance with any legislation relevant to your country of domicile concerning use of this website and use and buying of the TWEX Digital Assets and that the website owner should not accept any liability for any illegal or unauthorized use of this website and use and buying of the TWEX Digital Assets. You agree to be solely responsible for any applicable taxes imposed on tokens purchased here under.

7.5 The website owner does not warrant or represent that any information on the website is accurate or reliable or that the website will be free of errors or viruses, that defects will be corrected, or that the service or the server that makes it available is free of viruses or other harmful components. Website owner shall not be liable for uninterrupted availability of the website at all times, in all countries and/or all geographic locations, or at any given time.

INTELLECTUAL PROPERTY RIGHTS:

8.1 The website owner has valid, unrestricted and exclusive ownership of rights to use the patents, trademarks, trademark registrations, trade names, copyrights, know-how, technology and other intellectual property necessary to the conduct of selling of the TWEX Digital Assets and his activities generally.

8.2 In no way shall this agreement entitle the user for any intellectual property of the website owner, including the intellectual property rights for the website and all text, graphics, user interface, visual interface, photographs, trademarks, logos, artwork, and computer code, design, structure, selection, coordination, expression and other content connected to the website. Arrangement of such content is owned by TWEX ltd. And is protected by the intellectual property rights and fair competition laws.

8.3 There are no implied licenses under the Agreement, and any rights not expressly granted to the User hereunder are reserved by TWEX Ltd.

JURISDICTION AND DISPUTE RESOLUTION:

9.1 All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the laws of the UK for all issues relating to our Preference Shares. The Courts of Lisbon, Portugal will prevail for issues relating to our TWEX Digital Assets.

9.2 To resolve any dispute, controversy or claim between them arising out of or relating to this Agreement, or the breach thereof, the Parties agree first to negotiate in good faith for a period of not less than sixty (60) days following written notification of such controversy or claim to the other Party.

9.3 If the negotiations do not resolve the dispute, controversy or claim to the reasonable satisfaction of all Parties during such period, then the Parties irrevocably and unconditionally submit to the exclusive jurisdiction of the International Chamber of Commerce under the applicable law, as set out in clause 9.1. hereof.

MISCELLANEOUS:

10.1 – ENTIRE AGREEMENT This agreement is intended to fully reflect the terms of the original agreement between the parties. No provision of the agreement shall be considered waived unless such waiver is in writing and signed by the party that benefits from the enforcement of such provision. No waiver of any provision in the agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of the agreement will not in any way affect, limit, or waive a party’s rights here under at any time to enforce strict compliance thereafter with every term and condition here of.

10.2 – ASSIGNMENT TWEX Ltd. may, at its sole discretion, assign its rights and/or delegate its duties under this agreement. You may not assign your rights or delegate your duties, and any assignment or delegation without the written consent of TWEX Ltd, which TWEX Ltd. may withhold at its sole discretion, shall be void.

10.3 – SEVERABILITY If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the Parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

10.4 – The User may send any questions regarding the use of the Website of the TWEX Tokens or regarding this Agreement via e-mail to: info@twex.exchange