IPSD EXCHANGE Registration
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First Name
Last name
Email
Password ( At least 8 characters long. Contains at least one uppercase letter. Contains at least one lowercase letter. Contains at least one digit. Contains at least one non-alphanumeric character.)
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PAIA Policy for www.ipsd.com Introduction: This PAIA (Promotion of Access to Information Act) Policy applies to Irredeemable __________ Secured Debenture Pty Ltd (“IPSD”), a company registered and incorporated in terms of the laws of the Republic of South Africa. The purpose of this policy is to outline how the public can access information held by the company in compliance with the PAIA Act of South Africa. Company Information: Name: IPSD Pty Ltd Address: 53 Philip Engelbrecht Street, Meyersdal, Alberton Contact: admin@ipsd.com Access to Information: IPSD (Pty) Ltd recognizes the right of the public to access information held by the company, in compliance with the PAIA Act. Any person or entity may request information from IPSD (Pty) Ltd by completing and submitting the required form available on the website or by emailing admin@ipsd.com Information Request Procedure: IPSD (Pty) Ltd will acknowledge receipt of the request within 14 days of receipt. The company will then process the request within 30 days of receipt. In certain instances, an extension of time may be required, in which case the requestor will be notified in writing of the extension and the reason for it. Fees for Access to Information: IPSD (Pty) Ltd reserves the right to charge a reasonable fee for the provision of information requested in terms of PAIA. The requestor will be advised of the fee, which will be calculated based on the prescribed fees in terms of the Act. Refusal of Access to Information: IPSD (Pty) Ltd reserves the right to refuse access to information in certain circumstances, including but not limited to: 1. When the information requested contains confidential information, trade secrets or intellectual property; 2. When the information requested contains personal information about another individual and the individual has not given their consent; 3. When the request is frivolous or vexatious; 4. When the information requested may cause harm to IPSD (Pty) Ltd or other parties Protection of Information: IPSD (Pty) Ltd takes the protection of personal information very seriously and will take all reasonable steps to protect the confidentiality of information in its possession. Uniform Trade Secrets Act: The intellectual property and functionality of the website, including all source codes and IPs, are protected under the Uniform Trade Secrets Act as IPSD (Pty) Ltd is a Fintech company and owner of the IP and functionality. Amendment to Policy: IPSD (Pty) Ltd reserves the right to amend this policy from time to time as required, and such amendments will be published on the website. It is the responsibility of the user to regularly review this policy to ensure that they are aware of any amendments. Conclusion: IPSD (Pty) Ltd is committed to ensuring transparency and accountability in the provision of information in compliance with the PAIA Act.
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Withdrawal Policy for IPSD At IPSD, we are committed to providing our Issuers and Users with a seamless and secure platform for managing their cryptocurrencies and fiat funds. As such, we have put in place the following policy for withdrawals to ensure that our users can easily access their funds. How to Withdraw from IPSD.com: Log in to your account on IPSD.com and go to the WITHDRAW tab on your dashboard. Click on the Withdraw button. 1. Add your banking details, ensuring that the account holder name is the same as the name on your IPSD account. 2. Input the amount of money you wish to withdraw (interest only). 3. Take a clear selfie, which will be used to verify your identity and prevent fraud. 4. Click on the Withdraw button to initiate the transaction. Withdrawal Process: 1. All withdrawals are subject to the banking laws in your country. 2. Withdrawals may take up to 36 hours to reflect in your account. 3. If you do not receive your withdrawal after 36 hours, please send an email to support@ipsd.com and quote the transaction number for assistance. 4. IPSD does not allow withdrawals to any third-party accounts to ensure the security of your funds. 5. Withdrawals can only be made in the currency that you have deposited into your IPSD account. By following these withdrawal guidelines, you can ensure a smooth and hassle-free process for accessing your funds on www.ipsd.com. Please feel free to contact our support team if you have any questions or concerns about the withdrawal process.
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IPSDToken Debenture Agreement This Irredeemable Profit Sharing Debenture (“IPSD”) and Bearer Debenture Agreement ("this Agreement") is entered into between IPSDToken, and any juristic person who is the the Issuer ("the Issuer") of debentures, which debentures are authorized by the Board of Directors of the Issuer by way of a resolution, as envisaged by the company laws of the issuer’s country. Irredeemable Debentures are those debentures that are not repayable or redeemable by a company during its life time. Bearer debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debenture holders. This is a secured debt instrument. The following terms of the agreement are legally binding. 1. Sale of Debentures The Issuer agrees to sell debenture(s) on the platform provided by the platform on www.ipsdtoken.com (“the platform”). The Issuer will sell debenture(s) to the User, on the platform, at a price determined by the Issuer (“the debenture”). When the User deposit funds (“the deposit”) into its Wallet, the debenture(s) will be automatically purchased and allocated at the stipulated rate, with the purchase date corresponding to the deposit date ("Purchase date"). 2. The deposit The deposit will remain irredeemable to the User. 3. Interest Rate The debentures shall bear interest at the rate of 2% (two percent) per year, calculated on the basis of the nominal value of the debentures. The User will make known to the Issuer how it will withdraw the shared interest, being daily, monthly or annually. No pro-rata interest will be payable. The debenture holder shall be entitled to receive interest on their debentures held in its Wallet, provided that such debentures have been held for a minimum period of 12 consecutive months. Interest shall not be calculated on the basis of the prevailing interest rate at the time of the maturity of the debentures, and shall not be paid to the User's designated bank account. In addition, all Wallet profits generated through the profit sharing scheme shall be available for withdrawal by the client at any time via the Wallet. the platform shall have no obligation to pay any additional interest or profits beyond those specified in this clause. 4. Debenture Administration The Issuer designates the platform as the administrator of the debentures issued under this Agreement. The Issuer acknowledges that the platform is not responsible for the performance of the Issuer under this Agreement, and that the User's sole recourse for any failure by the Issuer to perform its obligations under this Agreement is against the Issuer. The debenture certificate may be issued to the User, but the User's Wallet in the platform shall remain the primary debenture electronic certificate, and the User will be the registered user using the wallet on the platform. Even if the debenture certificate is issued, the wallet will remain the primary debenture certificate of debentures facilitated on the platform. There is no registered Debenture Holder's Trust at present, and one may be formed at the discretion of the Board of Directors when it is deemed economical to establish. This decision is not intended to avoid any laws or regulations but is due to administrative limitations and inability to afford the Debenture Holder Trust board. The platform reserves the right to offer profit sharing to the User through various trading activities, including securities, cryptocurrencies, and any other business trading activities. The profit sharing will be at the discretion of the Board of Directors of the Issuer and subject to their approval. 5. Wallet Allocation This Agreement shall become effective as soon as the wallet on the platform is allocated to the User, and the User shall automatically become a debenture holder upon allocation of the wallet. 6. Debenture Termination Any purchase of any debenture on the platform is irredeemable. 7. Limitation of Liability The Issuer acknowledges and agrees that the debentures are issued for the benefit of the Issuer, and not for the benefit of any director or employee of the Issuer. The User agrees that neither the Issuer nor any of its directors or employees shall be liable to the User for any loss of income or loss of interest resulting from the purchase or ownership of the debentures. The Issuer agrees to indemnify the platform and hold the platform harmless and its directors and employees from and against any and all claims, liabilities, damages, costs, and expenses arising from or in connection with the purchase or ownership of the debentures, except to the extent such claims, liabilities, damages, costs, and expenses are caused by the gross negligence or willful misconduct of the platform. 9. Non-Deposit Taking Institution The User acknowledges and agrees that by purchasing the debentures, the Issuer is not becoming a deposit-taking institution or organization. The debentures are issued by the Issuer in accordance with the South African Companies Act, which allows the Issuer to raise capital for its business operations. The User agrees that the purchase of the debentures does not constitute a deposit, and the User shall have no rights as a depositor with respect to the Issuer or the platform or any of its assets. The User acknowledges that the debentures are not insured by any governmental or private insurance agency. The User agrees to assume the risk of loss associated with the purchase of the debentures, and hereby releases the Issuer and the platform and its directors and employees from any and all claims, liabilities, damages, costs, and expenses arising from or in connection with the purchase or ownership of the debentures. 10. Use of Wallet Funds The User acknowledges and agrees that all funds deposited in the Wallet may be transferred to any other ewallet, which is a cryptonized wallet that engages in cryptocurrency arbitration. The User acknowledges that the wallet's activities are speculative and involve a high degree of risk, and that there is no guarantee of profit or loss on the wallet. The User agrees to utilize the funds transferred to the wallet to trade and engage in asset administration and management, equity sales and purchases, securities trade and private equity transactions, cryptocurrency arbitration, and acknowledges that any profit or loss generated from such activities shall be solely the responsibility of the User. The User acknowledges and agrees that any profit generated from the wallet shall be shared with the platform. The User agrees that 50% of the profit shall be allocated to the Wallet, subject to agent commissions and transactional fees. The remaining 50%(fifty percent) of the profit shall be retained by the platform. 11. Dispute Resolution In the event of any dispute arising out of or in connection with this Agreement, the Parties agree to attempt to resolve the matter amicably through mutual consultation. The agrieved party shall, in writing, contact the other party and offer a resolution for the matter, giving the other party 30 days' notice. The Parties shall hold a meeting, either online or in person, to try and resolve the matter. The Parties agree to hold a minimum of three meetings to attempt to resolve the issue. If the Parties are unable to resolve the matter amicably, the aggrieved party may issue a notice of arbitration, at least 60 days prior to the intended commencement of the arbitration proceedings, to be conducted by Arbitration Foundation of Southern Africa (“AFSA”). The Parties agree that any dispute referred to arbitration shall be conducted in accordance with the rules of AFSA, and that the decision of the arbitrator shall be final and binding on the Parties. If the aggrieved party is the platform, then the platform shall have the right to close, suspend, or terminate this Agreement without recourse to arbitration. 12. Activation of Agreement This Agreement shall be deemed effective and binding on the Parties as of the date on which a person registers for a user account on the platform and a deposit is made into the wallet. The User shall create a username for the platform upon registration and shall be bound by the terms of this Agreement upon activation of their account. The Parties agree that this Agreement shall be published on the platform and may be accessed and downloaded by the User or the Issuer at any time. The User and the Issuer acknowledges that they have read and understood the terms of this Agreement prior to activating their account on the platform The Parties acknowledge that this Agreement shall constitute a legally binding agreement between the Parties and shall be enforceable in accordance with its terms and the laws of the Republic of South Africa. 13. Know Your Customer (KYC) As a responsible facilitator, the platform requires that all Issuers submit their Know Your Customer (KYC) or Financial Intelligence Centre Act (FICA) documentation in accordance with applicable laws and regulations. Such documentation shall include, but not be limited to, a copy of all the directors’ ID or Passport, proof of address, a selfie with ID or Passport, the company’s CoR14.3 (or the registration certificate of the company), the share certificate and the share register. The Issuer is also subject to Anti-Money Laundering (AML) laws and regulations and may limit the usage of a User's account until KYC or FICA documentation has been received and verified by the Issuer. The User and Issuer acknowledges and agrees to provide all necessary documentation and information as required for the KYC and FICA processes and to keep such information up-to-date. The User and Issuer also acknowledges and agrees to provide any additional information as may be required by law from time to time. The Parties agree that the the platform may use and share such information as necessary for compliance with applicable laws and regulations, and that the Issuer may disclose such information to any relevant regulatory or law enforcement authority if required by law. 14. Changes to Agreement The platform reserves the right to modify or amend the terms and conditions of this Agreement without prior notice to the Issuer or the User. Such modifications or amendments may be made at any time and will be effective immediately upon publication of the updated terms and conditions on the the platform. The Issuer acknowledges and agrees that it is their responsibility to review the Agreement periodically and to be aware of any changes made by the Issuer. Continued use of the Wallet and holding of the debenture after any such modifications or amendments shall constitute the Issuer or the User acceptance of the updated terms and conditions. The Issuer further acknowledges and agrees that any modifications or amendments to the terms and conditions of this Agreement may be necessary to comply with changes in the South African Companies Act or other applicable laws and regulations. The Issuer agree that the the platform shall not be held liable for any losses or damages incurred by the Holder as a result of any modifications or amendments to the terms and conditions of this Agreement. 15. Governing Law This Agreement shall be governed by and construed in accordance with the laws of South Africa. 16. Entire Agreement This Agreement represents the entire agreement between the Issuer, the User and the platform with respect to the debentures issued hereunder, and supersedes all prior or contemporaneous agreements, understandings, or representations, whether written or oral. This Agreement may not be amended except in writing signed by both parties. 17. Electronic Legally Binding Documentation The Parties agree that this Agreement and any other documentation related to the wallet and the issuance of debentures by the Issuer may be published and exchanged electronically. The Parties acknowledge that no physical signature is required for the electronic execution of this Agreement, and that the acceptance of the terms and conditions of this Agreement is evidenced by the registration for a user account on the the platform and the allocation of a username. The Parties agree that this Agreement and any other electronic documentation related to the wallet and the issuance of debentures shall have the same legal effect as if they were in physical written form and signed by all Parties. The Parties acknowledge that they have the necessary technology and equipment to access and use the the platform, and that they have carefully reviewed and understand the terms and conditions of this Agreement before registering for a user account and holding debentures in the wallet. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. THE PLATFORM Issuer User Authorized Electronically no signature required Last updated 27 March 2024 V1
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By putting your full name and initials you agree to the terms below:
PAIA Policy
Withdrawal Policy
IPSDToken Debenture Agreement
Full Name
Initials
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