Compliance Update: Secure & Legal Token Distribution

OORT aims to be a fully regulated project that has maintained compliance from inception. We work closely with prestigious law firms in several jurisdictions, including The USA, Singapore, Switzerland, The Cayman Islands, and the British Virgin Islands.   

The OORT Foundation has been monitoring the distribution of OORT tokens and making sure OORT tokens were distributed in a timely and compliant manner to all investors since its Token Generation Event.

1. Agreement: The OORT Foundation has been closely monitoring the distribution of OORT tokens to investors, ensuring the distribution was strictly abided by the SAFT agreements (“Future Tokens Agreement”) signed between the token issuer and each investor.
2. KYC: The investors to whom OORT tokens were distributed have all gone through the KYC (“Know Your Customers”) process.  

In summary, OORT has honored the agreements signed with investors and ensured their eligibility through the KYC we had conducted.

The OORT Foundation has never authorized anyone, whether a business or an individual, to distribute or “sell” OORT tokens. Nor did the OORT Foundation ever “hire” or “authorize” anyone, whether a business or an individual, as a “sub-contractor,” “reseller,” or “licensee” for the distribution of OORT tokens. The OORT Foundation will only honor and abide by the contracts with eligible investors who passed the rigorous KYC.

The OORT Foundation thus assumes no responsibility or liability for any unauthorized sale(s) or distribution(s) of OORT tokens.