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NRGX - Io Whitepaper

The document provides an overview of the NRGX exchange and NRG token. Key points: 1) NRGX aims to create a digital asset trading platform with features like low trading fees when using NRG tokens, low-cost leverage up to 25x, fast order execution, OTC trading, crypto derivatives, and custodial services. 2) The NRG token will power the NRGX exchange and provide fee discounts. It can also be used to participate in an "Energy Pool" for daily payouts. 3) NRGX believes the NRG token is a utility token, not a security token, since it grants access and usage on the NRGX platform.

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0% found this document useful (0 votes)
149 views21 pages

NRGX - Io Whitepaper

The document provides an overview of the NRGX exchange and NRG token. Key points: 1) NRGX aims to create a digital asset trading platform with features like low trading fees when using NRG tokens, low-cost leverage up to 25x, fast order execution, OTC trading, crypto derivatives, and custodial services. 2) The NRG token will power the NRGX exchange and provide fee discounts. It can also be used to participate in an "Energy Pool" for daily payouts. 3) NRGX believes the NRG token is a utility token, not a security token, since it grants access and usage on the NRGX platform.

Uploaded by

vicfeb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 21

NRGX Whitepaper

(EN)
June 2018
Table of Contents

Introduction …………………………………………………………………….. 2
Introducing the NRG token …………………………………………………… 3
Benefits of Blockchain Technology …………………………...……… 3
Is Energy Token a Utility Token or a Security Token …...….……….. 4
Features of the Upcoming NRGX Exchange ……………………….. 5
NRG Token Trading Fee Discount ………………………...…… 5
Low Cost Leverage ………………………………………...……. 5
Fast Execution ………………………………………………….... 6
Over the Counter Trading …………………………………….... 6
Crypto Derivative Trading …………………………………….... 6
Custodian Service ……………………………………………….. 7
Initial Token Offering and Listing Advisory Services ………… 7
The Energy Pool ……………………………………………………………….. 9
Energy Pool Revenues ………………………………………………… 9
Spreads …………………………………………………………. 9
Commision ……………………………………………………… 9
Risk Positions …………………………………………………… 9
Margin Interest …………………………………………………. 9
Transaction and Placement Fees …………………………….. 10
Example of Energy Pool ………………………………………………. 11
Disclaimer ………………………………………………………………. 12
Our Vision ………………………………………………………………………. 13
Roadmap ………………………………………………………………….…….. 14
Initial Token Offering and Token Distribution ………………………….….... 16
Legal Disclaimer …………………………………………………………...…… 18

1
Introduction

NRGX (read: energy-ex) is a revolutionary and innovative blockchain trading


platform. NRGX is a next generation financial institution based on blockchain
technology, providing ultimate security and transparency. With the power
and transparency of a distributed ledger, we have created a truly unique
product and experience that will revolutionize asset trading and investment
banking.

The NRGX ecosystem was designed to accommodate the growing demand


for digital asset trading and investing worldwide.

The NRGX token will power the NRGX exchange, where it will provide fast,
seamless, and low-cost trading for crypto and digital asset investors
worldwide. NRGX exchange will also aim to cater to the occasional digital
asset trader, to professionals, as well investors in the field.

NRGX exchange will address some of the fundamental features lacking in


some major crypto exchanges, such as pending orders, trailing stop,
leveraged trading, and low spreads.

Our project will create a digital asset trading hub capable of executing
multiple trades in a given moment with low spreads, low-trading fees, and
high liquidity. This will ensure that the investor will be provided with the best
quotes and execution at the best quote possible.

With NRGX exchange, investors and traders will be able to diversify their
holdings to the best digital assets available while also be provided with
ample liquidity to provide a peace of mind.

We hope that this whitepaper will be able to describe the products, details,
and vision of the project to address your problems investing in the digital
asset marketplace. And with you, we can make this a reality.

2
Introducing the NRG token

NRG (read: energy) token will be the gas that fuels NRGX trading platform.
NRG is a utility token that enables frictionless transactions over a wide range
of assets on the NRGX exchange while also acting as a medium of exchange
and store of value.

You can use NRG token to participate in the NRGX shared liquidity pool
called Energy pool, charge the Energy pool with fresh assets and receive
daily payouts to your NRGX wallet in cryptocurrency.

NRGX aims to offer a means of assisting companies to "tokenize" or list their


tokens through the NRGX platform and thus incurring transaction &
placement fees. NRG tokens will then be a cryptocurrency with real world
value as participating companies will have to utilize NRG tokens in order to
receive these services.

In the future, NRG token holders may also be able to use their tokens to
purchase new ICOs on our standalone NRGX exchange.

Benefits of Blockchain Technology

Blockchain technology significantly lowers costs to participants. Holders of


NRG tokens will have all the advantages of other cryptocurrencies as well as
the benefits of NRGX exchange technology

Companies listing on NRGX exchange will reach a global audience while at a


substantially reduced initial and ongoing cost, while still reaping the benefits
of our offerings and platform.

Participants will have a fair and transparent distribution of new issues based
on price and demand, therefore removing backroom dealings and
relationship.

3
Is NRG Token a Utility or a Security Token?

NRGX management is fully confident that NRG token falls under the
classification of a utility token and NOT a security token. NRG Token has two
means of usage: i) it is required to participate to the NRGX platform; ii) it acts
like a membership coupon that grants access to the NRGX energy pool when
used in the NRGX wallet. Energy Pool participants can contribute Crypto and
NRG tokens (and eventually other listed assets) to the pool after having
contributed an amount of NRG tokens for granting the use of the platform.

Therefore, if NRG tokens are held outside the platform's wallet, or the
amount is less than the necessary amount needed to participate in the
Energy Pool, both cases would disqualify a potential participant from
accessing the Energy Pool

NRG token holders may receive other coupon benefits such as preferred
access or discounts on future products of new listing on the NRGX exchange.
NRG tokens act as:
● a medium of exchange on NRGX platform and that of some of its
potential early adopters
● a store of value that can be used to purchase goods and services once
accepted by third parties
● a membership key in the NRGX wallet, regardless of the amount held
● a membership key providing access to the Energy Pool, when and only
if at least a predetermined amount of NRG tokens are held in the
NRGX platform's wallet.

4
Features of the Upcoming NRGX Exchange

With NRGX exchange, investors in the digital asset marketplace will be better
served with cutting edge institutional grade features. This may include low
trading fees (through usage of the NRG token), low-cost leverage, fast
execution, over the counter trading facility, crypto derivative trading,
custodian service, and initial token offering and listing advisory services.

NRG Token Trading Fee Discount

We aim to provide low trading costs to users of NRG tokens on our


standalone NRGX exchange. Our service will have a competitive fee structure
where we will only charge at most 0.2% per trade, with fees subject to
change in the future, but not higher.

Users will benefit substantially through the usage of NRG tokens where they
will receive discounts on their low trading cost. We believe this will drive up
trading volume on the exchange as well as the demand for the token itself.

The discounts provided will be as the following:


Year 1: 50%
Year 2: 25%
Year 3: 10%
Year 4: 5%
Year 5 and onwards : 0%

With the usage of NRG tokens to deduct exchange fees, this low trading fee
may become lower up to 0,1% per trade. We hope during the discount
periods utilization of the NRG token may increase as will the usage of our
NRGX exchange. We hope that this may also provide significant benefits to
both early and late adopters of our NRG tokens.

Low-Cost Leverage

At NRGX exchange, we aim to provide ways for investors to maximize their


gain, not only by minimizing trading costs but also maximizing return with
leverage.

We aim to provide up to 25 (twenty-five) times leverage to users of the NRG


token. Users may choose the level of leverage they would like to employ
before executing each trade. Leverage chosen may be in multiples of 1 (one).

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When executing the trade, each leveraged trade will have a liquidation price.
If the aforementioned liquidation price is reached before the trade is settled,
the trade will be settled in order to prevent a negative balance, thus
protecting the account.

We will utilize the existing Energy Pool to energize the leverage function of
NRGX exchange. We believe in the long run the pool will have more than
sufficient liquidity to provide leverage to trades executed in NRGX exchange.

Fast Execution

In our standalone NRGX exchange, we have built in the capability to process


thousands of transactions at a given moment. This enables orders to come in
at a time when the market is busy, while still be able to be executed at the
proper price it was input on. We hope this reduces market slippage and still
provide the best available quote for investors in the digital asset
marketplace. With this technology implemented and in mind, we hope to be
at the forefront of digital asset marketplace both regionally and
internationally.

Over the Counter (OTC) Trading

To some and especially institutional investors, executing a block trade may


be hard to do without moving the price significantly. With this problem in
mind, we expect to provide a service to investors looking to place a trade
with a significant amount of digital asset without disrupting the current
market price at a competitive spread compared to the market.

At this particular type of trade, NRGX powered with our Energy Pool, will be
able to process such trade with ease for the investors at a competitive price.

Crypto Derivative Trading

Cryptocurrencies and other crypto assets are a very volatile asset class. This
presents itself in an opportunity where traders in the digital asset
marketplace may take advantage of the volatility. We present this
opportunity to both investors where they can take either sides of both trades,
they may go long or short a certain cryptocurrency or asset. Along with this
instrument, we present one where they can employ leverage to increase their

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returns. We offer up to 100 (one hundred) times leverage to traders on the
platform, therefore providing an avenue for maximum profit to traders.

At NRGX, we are offering a Perpetual Contract to traders in Crypto Derivative


Trading. A Perpetual Contract is a derivative product that is similar to a
traditional Futures Contract, but has a few differing specifications, where
there is no expiry or settlement to the contract. Perpetual Contract mimics a
margin-based spot market and hence trade close to the underlying reference
Index Price. This is in contrast to a Futures Contract where they may trade at
significant price difference to the Index Price.

Custodian Service

Keeping a huge amount of valuable digital asset may prove to be a hassle to


some investors. Facing this problem, we believe we may ease some of their
burden by providing a trustworthy cold storage service for their digital asset.
This we hope may provide a service to investors who invest in the digital
asset marketplace and provide them a peace of mind regarding the security
of their assets. NRGX will collect a small nominal fee for the service in
exchange for the peace of mind for investors.

Initial Token Offering and Listing Advisory Services

At NRGX, we believe that the limits to a token’s success is the imagination of


the creator itself. But imagination does not lead to anywhere, therefore
NRGX believes in order to create a vibrant and successful crypto
environment, we must assist those who have the strong will to improve upon
it. Through providing advisory for an initial token offering and listing on
NRGX, we believe that promising startups may be lifted to the global stage
and succeed beyond their wildest imaginations. We believe that by relieving
founders from focusing too much on their token sale in order to focus on
their startup, they may accomplish much more than they would instead.

We aim to provide startups with enough credibility and viability to their


product with an alternative to conventional fundraising through an initial
token offering. This also provides them an avenue to integrate their startup
or service provided by it to fully integrate to the crypto environment.

Startups who are interested in issuing their initial token sale will have liquidity
ready, and directly listed on our NRGX exchange. Participants in the
exchange can also rest assured with being provided high quality Initial Token
Offerings on our exchange, therefore providing an ease of mind for

7
diversification of their digital asset holdings. We also hope that by hosting
such listings, the demand for NRG tokens may increase as more participants
are inclined to use NRG tokens to purchase promising high quality tokens
through offerings in our NRGX exchange.

8
The Energy Pool

The Energy Pool is the opportunity given to NRG token holders to contribute
a selected amount of assets contained within their wallets to be shared in a
peer to peer liquidity pool. Half of the profits (or losses) generated will be
allocated from the Energy Pool with those subsequently allocated pro-rata to
the participants and paid out as fees on a daily basis. In other words, 25%
(twenty-five percent) of the daily revenues NRGX generates will be paid from
the Energy Pool.

After reaching the minimum predetermined rate of NRG tokens held in the
NRGX wallet that grants participants access to the Energy Pool, each
participant will be paid a daily reward proportional to the amount of NRG
tokens contributed to the pool.

The Energy Pool will be offered to participants once the required regulatory
authorization are obtained.

Energy Pool Revenues

The Energy Pool will generate revenues from the following means, Spreads,
Commision, Risk Positions, Margin Interest, Transaction and Placement Fees.

Spreads
50% of the spread on all transactions completed on NRGX platform will go
into the Energy Pool so that every participant will have a share of the profits.

Commision
25% (twenty five percent) of all commissions charged will go into the Energy
Pool.

Risk Positions
Risk management is done using sophisticated proprietary algorithms, and
done on a macro level along with a granular level, thus maximizing the profit
potential for the Energy Pool.

Margin Interest
One of the hallmark features of the NRGX exchange platform is to provide
clients margin financing. We also enable clients to take a loan utilizing the
funds in their NRGX wallet as collateral. The creditor of these loans will be
other clients who are interested in earning interest revenue from the peer to

9
peer lending program. NRGX will earn a small fee as revenue for providing
this service and facilitating the lending. A quarter (twenty five percent) of this
generated revenue will go into the Energy Pool.

Transaction and Placement Fees


This is generated through the services activity that the firm is participating in,
upon which the firm is assisting companies to tokenize or list on the NRGX
platform.

In order to participate in the Energy Pool, participants must commit a


minimum of predetermined NRG tokens as a membership fee. Assets placed
and locked for use by the Energy Pool by the participants. In order to
participate in the Energy Pool, clients must commit a minimum 10,000 (ten
thousand) NRG tokens.

Participants will receive their daily payment in proportion to each user's total
contribution to the Energy Pool. Daily payments will be predicated on the
Energy Pool revenues meeting high water marks. For example if on Day 1 the
Energy Pool achieves a profit of $100, and on Day 2 it incurs a loss of $50, in
order for profits to be paid out on future days, the $50 that is lost needs to
be recouped beforehand.

Members are required to participate in the Energy Pool with the use of NRG
tokens. The higher the amount of participation is, the higher the percentage
share in the rewards will be.

Number of NRG tokens Tier Profit Participation (%)


Locked for Participation

10,000 Tier 1 15%

50,000 Tier 2 50%

250,000 Tier 3 100%

It is important to note that while NRGX is confident in the ability of the


Energy Pool to yield positive results for clients, there will be days when this
does not occur and the result will be a losing day for the liquidity pool. As
described beforehand, negative days will not permit any rewards to be paid

10
out. Instead, any losses will need to be made back first prior to further
rewards being paid.

Example of Energy Pool

To illustrate a sample situation using the plan above, let’s take the following
hypothetical situation, where there are 3 (three) participants, Participant A, B
and C.

Participant A has locked in 10,000 (ten thousand) NRG tokens, this means
they are eligible for a 15% participation for the following day in the Tier 1 of
the Energy Pool.

Participant B has locked in 100,000 (one hundred thousand) NRG tokens,


above the 50,000 (fifty thousand) NRG tokens to be eligible as a participant
in Tier 2 of the Energy Pool, this means they are eligible for a 50%
participation for the following day.

Participant C has locked in 350,000 (three hundred fifty thousand) NRG


tokens, above the 250,000 (two hundred fifty thousand) NRG tokens to be
eligible as a participant in Tier 3 of the Energy Pool, this means they are
eligible for a 100% participation for the following day.

Assuming that there was revenue generated worth 10,000 (ten thousand)
NRG tokens in a given day,

Each participants will then be presented opportunity with respect to their


proportion in the Energy Pool. Then after calculated with that proportion,
they will receive their daily payout with regards to the proportion stated on
the participation Tier they are on.

It is important when analysing daily performance, some negative days are to


be expected. In order to get the most out of this technology, participation in
the Energy Pool as a mid to long term commitment is more likely to yield
better results. This is a great option for clients who are interested in a passive
income. We believe that as NRGX grows, so does the Energy Pool and so
does your passive participation. Eligibility to participate is open as long as a
predetermined NRG token balance is maintained and locked in your NRGX
wallet account.

11
Disclaimer
The Energy Pool technology and its components will be discussed with the
competent regulatory authorities and will go live only once NRGX or another
group company using the Energy Pool technology will have received the
necessary authorization or a confirmation that no authorization for this activity
is required. NRGX cannot exclude that the regulatory authority will ask to
change some of the mechanism described here above during the
authorization procedures.

12
Our Vision

● Become the leading platform for trading multiple digital assets based
on the blockchain technology
● Become the leading exchange for traditional companies to raise funds
from crypto communities
● Become the biggest trading liquidity pool (Energy Pool) comprised of
NRG token holders for the benefit of NRG token holders
● Become the top 20 crypto-asset based on market capitalisation by
2020

13
Roadmap

July 2018
● Private Pre-Sale of NRG Tokens

August 2018
● Pre-ICO of NRG Tokens

September 2018
● ICO
● Development of desktop and mobile application based trading
platform to provide professional trading capabilities for digital asset
traders

October 2018
● Development of trading platform
● Blockchain integration development with trading platform
● Formation of NRGX Energy Pool

December 2018
● Launch of NRGX exchange along with a web-based desktop compliant
trading platform.
● Initial Listing of 10 major Cryptocurrencies by Market Capitalization
with additional listing of 20 popular altcoins.
● Partnership with local exchanges to convert NRG tokens to Fiat
Currencies (IDR, USD, SGD, CNY, JPY, KRW, EUR, GBP at first)

Q1 2019
● Application for licenses required for NRGX activities
● Expected launch of mobile trading platform compatible with iOS and
Android
● NRGX will list an additional of 20 (twenty) popular altcoins in the
platform by the end of the quarter.
● NRGX expects to provide full suite of its services by the end of the
quarter.
● Trade volume expected to reach a USD 50 million daily by end of Q3
2018

14
Q2 2019
● NRGX is expected to add 30 (thirty) popular altcoins in the platform by
the end of the quarter. Bringing the total to at least 80 coins with
pairings to NRG, BTC, ETH, and USDT.
● NRGX will start listing tokens from its advisory service. We expect to
list up to 5 tokens by the end of a quarter.
● NRGX expects to have regional offices throughout 5 (five) countries in
South East Asia (Indonesia, Singapore, Malaysia, Thailand, Vietnam)

Q3 2019
● NRGX will expect to add listing coins to its platform, bringing it to at
least 120 different tokens and cryptocurrencies by the end of the
quarter.

Q4 2019
● NRGX expects trading volume to be above USD 100 million daily by
the end of the quarter.
● NRGX expects to list up to 2 (two) tokens weekly from its advisory
service into the NRGX exchange.

Q1 2020
● NRGX expects trading volume in the platform to be above USD 200
million daily by the end of the quarter.
● NRGX expects daily trading volume on its NRG Tokens to be above
USD 30 million daily by the end of the quarter.

15
Initial Token Offering and Token Distribution

We are issuing 1,200 million NRG tokens, of which up to approximately 40 to


50% will be available for crowdsale.

During our pre-ICO we expect to sell up to 300 million tokens at a rate of


2500 NRG tokens for 1 Ether (ETH). Any unsold tokens on pre-ICO will be
sold at ICO following the price of the respective periods.

During our ICO we expect to sell up to 250 million tokens at a rate of 2500
NRG tokens for 1 Ether (ETH). The amount of tokens sold on ICO will be
expandable to a maximum of 300 million tokens if an over allotment is
necessary. Any unsold tokens will be burned at the end of crowdsale.

Price at our Pre-ICO and ICO will be similar, but what stands out will be the
discounts purchaser of NRG Tokens are entitled to during each respective
periods.

Pre-ICO ICO

Period 1 20% Bonus Period 5 There will be No


Bonus awarded
Period 2 15% Bonus

Period 3 10% Bonus

Period 4 5% Bonus

Each period mentioned in the chart above are as the following:


- Period 1 : First week of Pre-ICO
- Period 2 : Second week of Pre-ICO
- Period 3 : Third week of Pre-ICO
- Period 4 : Fourth week of Pre-ICO
- Period 5 : Month of ICO

Allotment of tokens during the Pre-ICO and ICO period will be as the
following:
- Period 1 : 75 million NRG Tokens
- Period 2 : 75 million NRG Tokens
- Period 3 : 75 million NRG Tokens
- Period 4 : 75 million NRG Tokens

16
- Period 5 : 250 million NRG Tokens with up to 300 million NRG
Tokens in the event of an over allotment of NRG Tokens

Each unsold tokens in every period will be available for sale in the next
period, in addition to the allocation of each period, following the terms of
sale for the respective period of sale.

As for the remaining tokens issued, 100 million tokens will be used for the
bounty and marketing program of the NRG token or about 10% of total
token distribution. 100 million NRG Tokens will be allocated for the liquidity
pool. 25 million NRG Tokens will be allocated for Advisors of the project. 375
million NRG Tokens will be allocated for Founders and Developers of the
NRGX project as well as funds for future Research & Development of the
product and future acquisitions of the product. Any excess tokens not used in
the bounty and marketing program of the NRG Token will be deployed to
shore up liquidity at the Energy Pool. There will not be any tokens issued in
the future after the ICO is finished.

When the ICO is finished, 20% of all net revenue of NRGX will be used for
NRG Token buyback from the open market. The tokens will be then burned
once each buyback period is finished. We believe this will enhance future
price appreciation as demand for the token is increased.

17
Legal Disclaimer

NRG tokens are not securities and participants comprehend and fully accept
the fact that NRG tokens are not securities under any circumstance, neither
they are registered with any government entity as a security. Participants
comprehend and fully accept the fact that the ownership of NRG tokens does
not grant them in any way the right to expect or to receive proceeds, revenue
or returns rising from the attainment, holding, administration or disposal of,
the exercise of, the redemption of, or the expiry of, any right, interest, title or
benefit within the NRGX platform or any other NRGX property, partially or
entirely.

Acquiring and storing NRG tokens involves various risks, in particular that
NRGX may not be able to launch its operations and develop its platform.
Therefore, and prior to acquiring NRG tokens, you should carefully consider
the risks, costs, and benefits of acquiring NRG token within the crowd sale,
and if necessary, obtain necessary independent advice in this regard. Any
interested person or party who is not in the position to accept nor to
understand the risks associated with the activity as indicated in the white
paper, should not acquire NRG token until such risk is understood and
accepted.

NRG tokens does not have the legal qualification of a security, since it does
not give any rights or dividends or interests. The purchase of NRG token is
final and non-refundable. The NRG token is not a share and does not give
any right to owners of the token to participate to the general meeting of the
Company. The purchase and use of NRG token shall therefore not be done
for any speculative usage.

Risks associated with new technology and cryptocurrency tokens in general


are a relatively new and untested technology. Due to this nature,
technology-related unforeseen events may occur at any time. Participants
comprehend and fully accept all types of related risks involved in purchasing
and owning NRG tokens.

No fund insurance will be provided. Any and all types of funds collected
during Pre-ICO and ICO are in no way insured. Funds may lose their value in
whole or completely without warning. There is no insurance company, private
of public, to turn to should something go wrong with the funds provided.

18
Fund refunds in case the crowdfunding campaign and distribution of NRG
tokens is cancelled, will be returned back to the wallets of their respective
providers. In regards to funds collected by the NRGX platform towards other
ICOs in the future, again funds will be returned back to their original
respective wallets should those ICOs are cancelled by their originators or do
not end successfully.

NRGX bears no responsibility to cover any claims made by its crowdfunding


promoting associates. The NRGX platform may not be held accountable in
regards to other crowdfunding campaigns featured within and bears no
responsibility whatsoever in regards to the related funds traded. The NRGX
platform is just an intermediary between the campaign creators and their
investors. The purpose of the NRGX platform is limited to transferring funds
from investor to creators, and tokens of crowdfunding campaign creators to
investors. NRGX does not warranty any claims made by any of the trading
participants.

This whitepaper does not constitute an official agreement of any kind and the
information provided herein is for informational purposes only. Project
parameters, dates, specifications provided as well as other details technical
or not are subject to change without prior notice.

By participating in the NRG Token Sale, you have agreed to the NRGX Terms
& Conditions and in particular, you represent and warrant that you:
● are authorized and have full power to purchase NRG tokens according
to the laws that apply in that respective jurisdiction of domicile;
● are not a United States citizen, resident, or entity nor are they
purchasing NRG tokens or signing on behalf of any United States
citizen, resident, or entity;
● are familiar with all related regulations in the specific jurisdiction in
which they are based and that purchasing cryptographic tokens in that
jurisdiction is not prohibited, restricted, or subject to additional
conditions of any kind;
● are not acting for the purpose of speculative investment;
● live in a jurisdiction that allows NRGX to sell the NRG tokens through a
crowdsale without requiring any local authorization;
● does not live in a jurisdiction which is qualifying token issued through
a crowdsale as securities;
● will not use the token sale for any illegal activity, including but not
limited to money laundering and the financing of terrorism;
● are solely responsible for determining whether the acquisition of NRG
token is appropriate for you;

19
● are acquiring NRG token exclusively for use of the NRGX platform or
any affiliated platform;
● understand the risks associated with the token sale;
● understand the use of cryptocurrencies and its associated risks;
● acknowledges and accepts that the NRGX platform is still under
development;

NRGX as well as its officers, directors, agents, joint ventures, employees,


suppliers, and advisors assumes no liability or responsibility for any loss
raised from the token sale, arising out of or related to the use of the NRGX
platform or any technical, interruption, or malfunction of the NRGX platform.

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