Terms & Conditions




The purchase of tokens/coins in the form of cryptographic tokens/coins from THE I FACTOR LTD, the company that owns and manages the Italian Wine Crypto Bank, may be only suitable for those Purchasers who are able to understand the unique nature of token/coin sales, the IWB – Italian Wine Crypto Bank Tokens, cryptographic tokens/coins, and token exchanges.

In making a purchase decision, purchasers must rely on their own examination of the Italian Wine Crypto Bank whitepaper, its website https://italianwinecryptobank.io/ and the IWB purchase Terms and Conditions, including the merits and risks involved.

Prospective Purchasers should rely only on information and documentation provided by The I Factor Ltd as well as the tokens purchase Terms and Conditions below and are urged to consult their own advisers as to legal, business, tax, regulatory, accounting, financial and other consequences of their investment in the tokens/coins.

Prospective Purchasers should inform themselves about the legal requirements and tax consequences within the countries of their citizenship, residence, domicile, and place of business with respect to the acquisition, holding or disposal of tokens/coins, and about any foreign exchange restrictions that may be relevant thereto.



  • The Italian Wine Crypto Bank utility tokens (IWB token/s from now on), are distributed by THE I FACTOR LTD, a limited liability company duly formed under the laws of Hong Kong Special Administrative Region, People’s Republic of China, having license No. 1435149 and registered office at Unit C, 8th Floor, Jonsim Place, 228, Queens Road East, Hong Kong (the Company from now on), which owns and manages the Italian Wine Crypto Bank (hereinafter IWCB).
  • In exchange of the payment received from the Purchaser, the IWCB will transfer to the Purchaser, at the end of the Initial Exchange Offer conducted by Latoken https://latoken.com/ieo/IWB, the number of IWB Tokens ordered by the Purchaser.
  • IWCB will transfer the tokens into the Purchaser’s cryptocurrency wallet in the Latoken Exchange https://latoken.com, unless has received different instructions from the Purchaser.
  • The IWB tokens transferred by the IWCB to the Purchaser already includes any bonus and discount.
  • The Purchaser is aware that:
  1. IWB Tokens are intended to serve, now or in the future, as an alternative means of payment, in particular, but not limited, for peer-2-peer payments on Italian Wine Crypto Bank;
  2. They can be traded on the secondary market and the IWCB would leave any variation of their value to the efforts of others.


  • The Purchaser is aware that detailed information on the IWCB and IWB tokens is readily available in https://italianwinecryptobank.io/ and in the Whitepaper it contains.
  • Entitlement to IWB Tokens carries no rights, uses, purpose, attributes, functionalities or features other than those set out in the attached Whitepaper and in this Agreement. In particular, the Purchaser is aware that the IWB tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Company or the IWCB.
  • The Purchaser will have no recourse to any refunds of the amount paid for the IWB tokens from the IWCB, in any event
  • The Purchaser shall implement reasonable and appropriate measures designed to secure its access to:
  1. any device associated and utilized in connection with its purchase of IWB Tokens;
  2. private keys to the Purchaser’s wallet address or account; and
  3. any other username, passwords or other login or identifying


  • In the event that the Purchaser has no longer in possession of its private keys of any device associated with its account or is not able to provide its login or identifying credentials, the Purchaser may lose all its IWB Tokens or access to its account or both. Both the IWCB and the Company are under no obligation to recover any IWB Token.
  • The IWCB collects and processes personal information of the Purchaser only to the extent required for the performance its Purchase of IWB tokens. Both the Company and the IWCB will not disclose such information to any third parties, except where such disclosure is permitted by applicable law. Access to Purchaser information is limited to a subset of employees of the Company who perform obligations of the Company related to the purchase of tokens by IWB Purchaser under this
  • Both the Company and the IWCB shall safeguard Purchaser information using reasonable physical, technical, and administrative-technical and organizational measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. All of Company physical, electronic, and procedural safeguards are designed to comply with applicable laws and
  • Both the IWCB and the Company reserve their right to share Purchaser Personal information with:
  1. its banking partners;
  2. other legal entities that plan to merge with;
  3. third party identification services providers for fraud prevention and to comply with anti-money laundering and Know Your Customer regulations;
  4. law enforcement, government officials, or other third parties when
  5. it’s compelled to do so by a subpoena, court order, or similar legal procedure; or
  6. believes in good faith that the disclosure of Purchaser Personal Information is necessary to prevent physical harm or financial loss, to report suspected illegal activity or to investigate violations of these Terms and Conditions.


  • The price of IWB Tokens includes all taxes (if any) due by the Company for the sale of the same. The Purchaser bears the sole responsibility to determine if its purchase of IWB Tokens, the transfer of the purchase price from the Company, the acceptance or use of IWB Tokens, the potential appreciation or depreciation in the value of IWB Tokens over time (if any), or the allocation of IWB Tokens or any other action or transaction related to the Purchaser entails tax implications.
  • Both the IWCB and the Company will be not liable for any default or delay in the performance of their obligations, if and to the extent such default or delay is due to any cause beyond their control, which could not have been reasonably foreseen and avoided by the exercise of due care and diligence consistent with the exercise of reasonable business judgment, including but not limited to: acts of God, fire, flood, explosion, wars, terrorism, riots, civil disturbances, and strikes, or other work stoppages, technological change, changes in interest rates or other monetary conditions; and for the avoidance of doubt, changes to any distributed ledger network-related protocol and or in applicable regulation that prohibits the Tokens/coins.
  • Any dispute arising from or related to the Purchase shall be submitted exclusively to jurisdiction and competence of the Court of Hong Kong and attempted to be resolved first through Alternative Dispute Resolution (“ADR”) and, if not successful, then resolved definitively through a judicial procedure.