Terms and Conditions
Tentative and NOT legally binding until further notice
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Legally, Rabbit Hill is managed by a B.V., which is a Dutch private Limited Liability Company.
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In spirit, Rabbit Hill is governed as a Decentralized Autonomous Organization (DAO). The transition from B.V. to DAO will happen organically as Rabbit Hill evolves and regulation around DAOs matures.
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Rabbit Hill issues and sells D’Rabbit tokens. These are proprietary images. The community will decide on the final appearance of the images.
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While D’Rabbits are NOT recorded on the blockchain upon purchase at this time of writing, Rabbit Hill grants buyers a (modified) “Can’t Be Evil Exclusive Commercial Rights With No Creator Retention” (CBE_ECR) license. Please review the Rabbit Hill license carefully and always do your own research before making a purchase.
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Buyers can apply to Rabbit Hill to record their token on the blockchain by means of a smart contract at their own risk and expense. Rabbit Hill will approve if measures have been taken to safeguard the project.
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Irrevocable maximum total offering, never to be exceeded: 21 million tokens. This will be recorded by notarial deed.
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Initial Offering: 1 million tokens.
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1 token equals 1 vote in Rabbit Hill.
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The amount of tokens first issued will be decided on by the community. The price of the first tokens is 1,25 EUR per token. A discount applies until the end of 2022. Customized tokens on request.
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The maximum amount of tokens per buyer is 10,000, unless Rabbit Hill agrees otherwise.
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Tokens allow you to use the Rabbit Hill facilities.
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1 million tokens is reserved for a charity decided on by the community.
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1 million tokens is reserved for the past/current/future team and contributors (decided by the community) at the price of 0,50 EUR per token. This option is valid for 5 years or as long as the holder concerned remains involved in Rabbit Hill. These holders have voting rights, whether they have exercised their option or not. The maximum amount of option tokens per holder is 10,000, unless Rabbit Hill agrees otherwise. On top of this, holders can buy an additional maximum of 10,000 regular tokens with corresponding voting rights at the price of 1,25 EUR (or 0,75 EUR if purchased before January 1, 2023).
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Token burning, future offering, or fractionalization: vote by simple majority among D’Rabbit token holders.
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Allocation of funds: vote by simple majority among D’Rabbit token holders, with a founder preference to develop the COBstr Bicycle prototype. As the community grows, voting will be automated and managed by blockchain technology.
Auditor: to be announced