Common use of Blockchain Delay Risk Clause in Contracts

Blockchain Delay Risk. On the Binance blockchain, timing of block production is determined by proof of work so block production can occur at random times. For example, BNB contributed to the LETCOINSHOP Distribution Contract in the final seconds of a distribution period may not get included for that period Buyer acknowledges and understands that the Binance blockchain may not include the Buyer's transaction at the time Buyer expects and Buyer may not receive LETCOINSHOP Tokens the same day Buyer sends BNB.

Appears in 1 contract

Sources: Token Purchase Agreement

Blockchain Delay Risk. On the Binance blockchain, timing of block production is determined by proof of work so block production can occur at random times. For example, BNB contributed to the LETCOINSHOP Distribution Contract in the final seconds of a distribution period may not get included for that period Buyer acknowledges and understands that the Binance blockchain may not include the Buyer▇▇▇▇▇'s transaction at the time Buyer expects and Buyer may not receive LETCOINSHOP Tokens the same day Buyer ▇▇▇▇▇ sends BNB.

Appears in 1 contract

Sources: Token Purchase Agreement