About operating entities and global compliance

Friday, Sep 19th 2025

Xone Chain

Dear node operators and developer community:

Xone Network (BVI) serves as the global operations and brand entity of the Xone ecosystem. Authorized local independent entities operate in each country/region in accordance with applicable local laws, while major decisions are governed through DAO processes.

1. Entity Disclosure

1.1 Global Operating Entity

Legal Name: XONE Network Ltd. (abbreviated as "XONE Network")
Jurisdiction of Incorporation: BVI (British Virgin Islands)
Company Number: 2173130
Registered Address: Unit 8, 3/F., Qwomar Trading Complex, Blackburne Road, Port Purcell, Road Town, Tortola, British Virgin Islands, VG1110
Primary Office Address: N/A
Compliance & Media Contact: [email protected]
Governance Model: DAO proposal voting + offline board meeting minutes (hybrid governance)
Financials & Early Funding Sources: Community donations and ecosystem support budget. No public offering of securities in restricted jurisdictions.

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Important Note: Xone’s public blockchain is open infrastructure that allows any global team, developer, or community to freely deploy contracts and build applications permissionlessly—a core principle of Web3 decentralization: technology-neutral, transparent, and accessible to all. Xone does not endorse, guarantee, or officially partner with any on-chain project. These projects are independently developed, operated, and solely responsible for their own risks and outcomes. Users are strongly advised to DYOR (Do Your Own Research) before participating in any project, especially those involving financial transactions.

2. Global Operations & Authorization Policy

2.1 Operational Model

Parent Entity (BVI): Manages global branding, protocol roadmap, and cross-border cooperation.
Local Operating Entities (LOEs): Operate locally as Labs, City Ambassador Groups, or ecosystem service providers—handling market growth, developer support, events, and compliance.
DAO Governance: Major decisions (budgets, roadmap, authorization/revocation, etc.) follow the cycle of Proposal → Voting → Disclosure → Execution.

2.2 Authorization Framework

To be announced.

3. Regional Compliance Reference

Region	Local Entity	Permitted Activities	Prohibited Activities	Applicable Policies / Legal Notes
USA	Yes	Developer support, educational activities, offering non-investment / utility tokens	Unregistered securities sales to the public, misleading investment promises	Token classification based on Howey Test; must comply with SEC, CFTC, AML, and state money transmitter laws
EU	Yes	Virtual asset services (VASPs/CASPs); compliant token issuance, trading, custody, exchange (crypto-to-crypto/fiat)	Unlawful offerings (undisclosed), money laundering, market manipulation, unlicensed operations	MiCA (Markets in Crypto-Assets Regulation) effective EU-wide by end of 2024; covers e-money, asset-referenced, and security tokens
Hong Kong	Yes	VASP licensing, virtual asset trading platform license, stablecoin regulations	Public marketing or operating platforms without license; AML/CTF violations; failure to comply with stablecoin rules	VASP license required; Stablecoin regulation expected from Aug 2025; enforced by SFC + AMLO amendments
Singapore	Yes	VASP services, exchange, custody, trading platforms; must comply with MAS licensing/registration	Public sale of unregistered/undisclosed security tokens; AML/KYC/CTF violations	Regulated by MAS; registration or licensing for crypto services; disclosure and compliance required for stablecoins/tokens; subject to AML laws
South Korea	Yes	Licensed virtual asset trading, custody, exchange, and services	Unlicensed/unregistered operations, undisclosed risks, money laundering, deceptive sales	Adopting FATF-defined VASP standards; some regions have full regulations, others still in draft stages
Sanctioned / High-Risk Areas	No	Virtually no legal licensed services; limited to internal or highly controlled environments	All public token sales, exchanges, platform operations	Subject to UN and international sanctions; participants may face blacklisting or transaction bans

4. Third-Party Relations

Equity/Control Relationships
Contractual / Joint Operations

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Open Network Principles: Third parties may utilize Xone infrastructure under open standards; their actions do not represent Xone Network or any affiliated foundation.

Formal collaborations are only valid if publicly announced on the official website or verified social channels. Anything not listed is not considered official cooperation.

5. Compliance Requirements for Public Releases

5.1 Investment / Earnings Disclaimer

This information is solely intended for technical and ecosystem-related purposes. It does not constitute an offer, solicitation, investment advice, or commitment of any kind. Forward-looking statements involve uncertainty, and actual outcomes may differ. Please comply with your jurisdiction’s laws and assess risks independently.

5.2 Jurisdiction & Access Restrictions

Xone does not offer fundraising, underwriting, or similar activities to residents of restricted jurisdictions. If there is a conflict between this content and local laws, local laws take precedence. Please seek legal advice if needed. For details, refer to our Privacy Policy and Terms of Service.

5.3 Brand & Trademark Usage

While some Xone technologies are shared under open-source licenses, the Xone brand is not. If you wish to use Xone’s brand assets, please carefully review this guide. Derivative works must retain original copyright notices and brand elements. Use in competing products is strictly prohibited.

WWhile we firmly believe in and adhere to the spirit of open-source, protecting the Xone brand is crucial to ensuring user safety so they can distinguish genuine products or endorsements from imitations.

Xone Team
September 19, 2025