Blockstack Network definition

Blockstack Network shall have the meaning given to it in the opening paragraph of this document.
View Source
Blockstack Network shall have the meaning given to it in the opening paragraph of this document. “Business Days” shall mean Monday through Friday, exclusive of U.S. federal banking holidays. “Disclosure Statement” shall have the meaning given to it in the opening paragraph of this document. “DDA” means an instrument containing a right to receive units of Tokens in the future, similar in form and content to this Agreement. “DDA Purchasers” means all holders of all other deferred delivery agreements purchased in this offering. “Dissolution Event” means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Token Issuer’s creditors or (iii) any other liquidation, dissolution, or winding up of the Token Issuer, whether voluntary or involuntary. A change of control and any public offering will not constitute a Dissolution Event. “Distribution Compliance Period” shall mean a one-year holding period that begins on the last date on the signature page of the Purchase Agreement. “Purchase” shall have the meaning given to it in the opening paragraph of this document. “Purchase Agreement” shall have the meaning given to it in the opening paragraph of this document. “Purchase Price” shall have the meaning given to it in the opening table on the first page of this document. “Purchaser” shall have the meaning given to it in the opening paragraph of this document. “Returned Purchase” shall have the meaning given to it in Section 2(b)(ii). “Token Amount” means the amount listed under “Token Amount” on the first page of this Agreement, calculated as the Purchase divided by the Issue Price. “Token Distribution Event” means the date on which the Token Issuer will provide Tokens to the Purchaser under this Agreement. The timing of the Token Distribution Event will be determined at the sole discretion of the Token Issuer; provided, however, that if the Tokens are not delivered by the date of the expiration of the Distribution Compliance Period, the Token Distribution Event shall be no later than 10 days after the expiration of the Distribution Compliance Period (the “Token Distribution Deadline”), subject to Section 2(b). The Token Issuer will provide 21 days’ notice prior to the Token Distribution Event. “Token Issuer” shall have the meaning given to it in the opening paragraph of this document. “Tokens” shall have the meaning provided in the opening paragraph of this document. For the avoidance of doubt, the meaning shall be inclusive of the singular form, “...
View Source

Examples of Blockstack Network in a sentence

  • This could lead to significant changes with respect to the Blockstack Network, how the Tokens are structured, how they are purchased and sold, and other issues, and would greatly increase the Token Issuer’s costs in creating and facilitating transactions in the Tokens.

  • Purchaser agrees that if ▇▇▇▇▇▇▇▇▇’s country of residence or other circumstances change such that the above representations are no longer accurate, Purchaser will immediately cease using the Blockstack Network and the Tokens.

  • Further, a regulator could take action against the Token Issuer and Sponsoring Parties if it views the Tokens and the Blockstack Network as a violation of existing law.

  • The unlocking schedule for the Tokens will be that 1/24th of the Tokens will unlock upon the Token Distribution Event, and an additional 1/24th of the Tokens will unlock upon the completion of each 4,320 additional blockchain blocks on the Blockstack Network after the Token Distribution Event.

  • Purchaser acknowledges and accepts that there are risks associated with purchasing the DDA, holding the DDA, and, once the Tokens are delivered, using Tokens on the Blockstack Network, as more fully disclosed and explained in the Offering Materials.

  • Further, a regulator could take action against the Token Issuer and the Sponsoring Parties if it views the Tokens and the Blockstack Network as a violation of existing law.

  • The Disclosure Statement, attached hereto as Appendix B, which has been provided to Purchaser and set forth information regarding the Tokens and the Blockstack Network, among other matters.

  • The Disclosure Statement and the Risk Factors , attached hereto as Appendix B and C, which have been provided to Purchaser and set forth information regarding the Tokens and the Blockstack Network, among other matters.

  • If a Purchaser is a resident of a state that requires a license to conduct a virtual currency business, the Token Issuer will not allow the Purchaser to purchase a DDA or the Tokens and participate on the Blockstack Network.

  • If a Purchaser is a resident of a state that requires the Token Issuer to obtain an applicable license to conduct a virtual currency business, the Token Issuer will not allow the Purchaser to purchase a DDA or the Tokens and participate on the Blockstack Network.

Related to Blockstack Network

  • Digital network means any online-enabled application, software, website or system offered or utilized by a transportation network company that enables the prearrangement of rides with transportation network company drivers.