Ruden system is a consumer product that allows its members to use the services provided by the platform. The membership is not for speculation, nor does it grant holders the rights to enjoy or obtain any assets of Ruden, or to share in any way any profits Ruden may obtain. The platform’s stakeholders admit to agreeing to use the electronic records, privacy policies, membership agreements, and the platform’s terms and conditions.
Ruden does not guarantee or accept any legal liability arising from or in connection with the accuracy, reliability or completeness of the materials contained in this document. Ruden does not expressly disclaim all representations and warranties expressed, implied, statutory or otherwise.
Under no circumstances will Ruden or its subsidiaries bear any direct or indirect losses, liabilities, costs or expenses of any kind to any person or entity, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special use, citation or reliance on this white paper or anything contained herein, including but not limited to any loss of business, income, profits, data, use, goodwill or other intangible losses.
Regarding to Ruden Blockchain White Paper, no regulatory authority has reviewed or approved any information listed in this White Paper, and no such action has been or will be taken in accordance with the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this White Paper does not mean that any applicable laws, regulatory requirements or rules have been observed.
According to the information provided herein, participants and potential Ruden project token holders should seek appropriate independent legal, financial, tax and other professional advice before taking any action or participating in any promise or transaction through the White Paper. This white paper is for reference only.
Media Release (Correction)
We hereby inform you that the media releases dated October 20th and November 8th, 2018 published on Ruden Blockchain Project’s website were incorrect and misleading and therefore would like to correct the messages conveyed in those media releases.
In terms of the media release dated October 20th, the headline of “FSA & SEC approve world’s first blockchain project by a listed company” and the statement of “In a world first, the Japanese SEC & FSA…… to issue the Ruden Blockchain token (RDC).” were incorrect and misleading. In terms of the media release dated November 8th, the statement of “Investors are citing the approval from the Japanese SEC & FSA.” was also incorrect and misleading. In fact, neither the FSA nor the SEC (Securities and Exchange Surveillance Commission) has approved Ruden Blockchain Project in any sense.
The reason why such incorrect and misleading releases have been made is that Ruden had delegated its media promotion function relating to Ruden Blockchain Project to Blockshine Technology. Pursuant to such delegation, Blockshine Technology marketing team was preparing a draft media release with regard to launch of Ruden Blockchain Project but misinterpreted the press release published on October 20th by Ruden Holdings, Inc., a parent company of Ruden Singapore, as an announcement that Ruden Blockchain Project has been legally approved by Japanese regulators. Blockshine Technology prepared the official announcements based on such misinterpretation and published them without Ruden’s review or authorization.
While the offering period for Ruden Blockchain Project terminates on November 20th as scheduled, we have decided to postpone the payment date and the listing date to December 19th and December 20th, respectively, in order to eliminate misunderstandings caused to everyone who has subscribed for Ruden Blockchain Project based on the incorrect and misleading information during the extended period.
These two official announcements have been prepared and published by Blockshine Technology under its sole responsibility. While Ruden has not been involved in the process, we now acknowledge Ruden should have participated in the process and will do so going forward. We sincerely apologize for the confusion caused.