Dear Cryptoticker User,
For your information, CRYPTOTICKER provides the following list of risks when purchasing cryptocurrency tokens and purchasing or minting NFT tokens. You represent that you understand that CRYPTOTICKER does not guarantee that this list contains all possible risks.
Early Stage Technology.
Cryptocurrency tokens are created and distributed using distributed ledger or blockchain technology. This technology is very experimental; therefore, participating in cryptocurrency token sales is very risky. Token or virtual coin issuers often use software, new technologies, and new business methods that are still in the early stages of development and have not been proven. The software, technologies and related businesses in which the token-issuing company invests may not be suitable for their intended purpose and/or may not work as effectively or well as expected.
Blockchain Mining Attacks.
Any cryptocurrency token that uses blockchain-based systems that depend on independent miners may be subject to mining attacks, including, but not limited to, double-spend attacks, majority mining attacks, “selfish mining” attacks, and race condition attacks. Any successful attack poses serious risks to all aspects of the cryptocurrency token.
Cryptocurrency tokens use software and other technologies that are likely to be in early stages of development and unproven, and there is usually no guarantee that the process for obtaining, using, and holding tokens or virtual coins will be uninterrupted or error-free. Such software and other technologies could contain vulnerabilities, susceptibilities or errors that could result in serious problems, including, but not limited to, the inability to use tokens or virtual coins and the partial or complete loss of tokens or virtual coins.
The entity issuing a token or virtual coin may wish to store cryptocurrencies or convert them into one or more fiat and/or alternative cryptocurrencies. There could be serious problems in producing and managing such cryptocurrencies and funds, including difficulties related to the lack of convertibility between fiat currencies, cryptocurrencies and tokens, or trading in them through traditional market counterparties and intermediaries. If the value of cryptocurrencies fluctuates unfavorably during or after a token sale, the company issuing the tokens may not be able to fund the development or develop or maintain the technology platform that enables the use of the tokens as intended. In addition to normal market forces, the risk of adverse fluctuations in the value of cryptocurrencies could be exacerbated by another DAO-like attack on the Ethereum network, security incidents or market irregularities on one or more of the major cryptocurrency exchanges, or currently unforeseen events.Protocol-related risk.
Many cryptocurrency tokens are based on the Bitcoin or Ethereum protocols. The project using them will be adversely affected by any malfunction, disruption, or abandonment of these protocols. In addition, these protocols could lose value or become worthless due to advances in cryptography or other technological advances, such as the development of quantum computers.
Loss of your credentials.
If you lose your crypto wallet credentials or they are stolen, the tokens or virtual coins you purchased are permanently lost. A private key or combination of private keys is required to control and dispose of the tokens stored in your wallet. Loss of the private key(s) associated with your wallet will result in the loss of the tokens. Any third party who has the ability to access your private keys, including the credentials of any hosted wallet service you use, may be able to steal your tokens. If your crypto wallet malfunctions or fails for any reason, including your own failure to properly maintain or use it, your tokens may also be lost. Failure to follow the procedures for purchasing and receiving Tokens described in the Token Sale Materials, including providing an incorrect Wallet address or an address that is not ERC-20 compliant, may result in the loss of Tokens.
Failure or Abandonment.
Any aspect of a cryptocurrency token may be abandoned or restructured, become or remain technologically or commercially unsuccessful, or shut down for many reasons, including, but not limited to, lack of public interest, legislative, regulatory, or other legal changes, lack of funding, and lack of commercial success due to competing projects. There is no guarantee that any tokens or virtual coins you purchase will have the expected value or any value at all at the time you choose to use them. You should understand and accept that owning and using tokens or virtual coins is very risky, such that they may be or become unusable or worthless in terms of exchanging information, services or value with other owners of tokens or virtual coins, and they generally cannot be exchanged for fiat or alternative cryptocurrencies or returned to the company that issued the tokens.
The sale or use of tokens or virtual coins could be prohibited under applicable securities laws. It is possible that existing regulations could be applied or new regulations could be enacted that impact blockchain technology-based applications and the sale of tokens or virtual coins, such that any aspect of cryptocurrency tokens could be negatively impacted, requiring its modification or discontinuation and potentially resulting in the loss of token or token value.
No Legal Protection.
Tokens do not constitute deposits and are not subject to any legal insurance or guarantee. In the event of the insolvency of a token-issuing entity or a cryptocurrency token-owning entity, there is no protection that would allow for the recovery of losses.
Cryptocurrencies and tokens are inherently subject to the risk of cybercrime, against which it is difficult to protect. The software used in any aspect of a cryptocurrency token could be hacked, which could result in some or all cryptocurrency and token assets being unusable or lost entirely. Token issuing companies are unlikely to be required to insure their assets, and they may find it too difficult to do so given the commercial terms of such insurance.
All decisions affecting products or services of a token-issuing company or related or associated party are generally made internally by the company or related or associated party. Purchasers of Tokens have no say in the governance of these companies. These decisions could affect the platform on which your Tokens are to be used and/or the utility of the Tokens you own. Token-issuing companies are subject to standard legal, accounting, and tax standards, but may be operated by individuals with very limited business experience.
Lack of oversight.
Most token sales are not structured or intended as an offering of securities or as an advertisement, invitation or solicitation for investment purposes. Token sales are therefore not subject to the offering requirements that apply to securities, including regulatory standards for prospectuses or other documents. Investment in unregulated tokens is not subject to independent auditing or oversight as required by law for securities offerings, and token provider accounts may not be subject to auditing requirements.Fraud.
Because cryptocurrency tokens are largely unregulated forms of crowdfunding, there is a risk that dishonest individuals will use them as get-rich-quick schemes and not even attempt to honor the promises and assurances made when selling the tokens. You should evaluate the quality and credibility of the entire team involved in a cryptocurrency token, including professional advisors, as the risk of fraud in this young, unproven sector is significant.
No effective legal remedy.
In the event of a dispute between you and the token-issuing company or any related or associated company over any aspect of a cryptocurrency token, it may be prohibitively difficult or costly for you to enforce your rights. Even if you make a claim, it may be difficult or impossible to enforce your claim because of the difficulty in distinguishing between legally binding and enforceable contractual representations, warranties and conditions and mere predictions about the expected future of Tokens that are not legally binding promises and representations. Your ability to prevail on such claims will be extremely difficult, as there are numerous warnings in the terms and conditions applicable to token sales about the many risks associated with the purchase or use of tokens or virtual coins.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW AND UNLESS OTHERWISE SPECIFIED IN WRITING BY US, (A) THE TOKENS ARE SOLD “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, AND WE EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES WITH RESPECT TO THE TOKENS, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, WHETHER ARISING BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE OR OTHERWISE; (B) WE DO NOT WARRANT THAT THE TOKENS WILL BE RELIABLE, CURRENT, OR ERROR-FREE, WILL MEET YOUR REQUIREMENTS, OR THAT ERRORS IN THE TOKENS WILL BE CORRECTED; AND (C) WE CANNOT AND DO NOT WARRANT THAT THE TOKENS OR THE TOKEN DELIVERY MECHANISM WILL BE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
YOU ACKNOWLEDGE THAT YOU HAVE NOT RELIED ON ANY REPRESENTATIONS OR WARRANTIES MADE BY PROJECT OR ANYONE ELSE ON PROJECT’S BEHALF, INCLUDING, BUT NOT LIMITED TO, CONVERSATIONS OF ANY KIND, WHETHER BY ORAL OR ELECTRONIC COMMUNICATION.
WE DO NOT AND WILL NOT MAKE AVAILABLE TO YOU ANY SOFTWARE OTHER THAN TOKENS IN YOUR DISTRIBUTION.
YOU UNDERSTAND THAT TOKENS, BLOCKCHAIN TECHNOLOGY, THE ETHEREUM PROTOCOL, AND ERC-20 ARE NEW TECHNOLOGIES BEYOND OUR CONTROL, AND THAT ADVERSE CHANGES IN MARKET FORCES OR TECHNOLOGY WILL EXCUSE OUR PERFORMANCE UNDER THESE TERMS.
TRANSACTIONS THAT USE BLOCKCHAIN TECHNOLOGY, SUCH AS TOKEN SALES, ARE SUBJECT TO THE RISK OF NUMEROUS POTENTIAL FAILURES, INCLUDING HIGH NETWORK VOLUME, COMPUTER FAILURES, BLOCKCHAIN FAILURES OF ANY KIND, USER FAILURES, TOKEN THEFT, AND NETWORK HACKING. WE ARE NOT RESPONSIBLE FOR ANY LOSS OF DATA, $CRYPTOTICKER TOKENS, HARDWARE OR SOFTWARE RESULTING FROM ANY TYPE OF ERROR, THEFT OR HACKING.
$CRYPTOTICKER is based on the Ethereum protocol. Therefore, any malfunction, unplanned function, or unexpected operation of the Ethereum protocol may cause the $CRYPTOTICKER Utility Token Network to malfunction or operate in a manner not expected.
Some jurisdictions do not allow the exclusion of certain warranties or the waiver of implied conditions in contracts with consumers, so some or all of the exclusions of warranties and waivers in this section may not apply to you.
LIMITATION OF LIABILITY
CRYPTOTICKER and its officers, directors, agents, joint ventures, employees, suppliers and consultants shall have no liability or responsibility for any loss arising out of or related to Token sales and coinage resulting from the use of the CRYPTOTICKER Platform or for any technical problems, interruptions or malfunctions of the CRYPTOTICKER Platform, Website, Tokens, Services or otherwise. In no event shall CRYPTOTICKER and its officers, directors, agents, joint ventures, employees, suppliers and consultants be liable for any special, indirect, incidental, punitive or consequential damages of any kind, including, without limitation, damages caused by or resulting from a user’s reliance on information obtained from the Company, or resulting from errors, omissions, interruptions, deletion of files or emails, errors, defects, viruses, delays in operation or transmission, or any failure of performance, whether due to an event of force majeure, suspension of Ethereum network communications, theft, destruction or unauthorized access to the Records, Services, Website, $CRYPTOTICKER Utility Tokens & NFTs. In addition, the Company shall not be liable for any loss of profit, loss of business, loss of trading, loss of value or any other loss. This applies even if such damages are foreseeable.
The above limitation of liability does not apply if CRYPTOTICKER or a CRYPTOTICKER employee caused the damage intentionally or through gross negligence.
Citizens, nationals, residents (tax or otherwise) and/or green card holders of the following countries: (i) the United States of America; (ii) the People’s Republic of China; (iii) South Korea; (iv) Vietnam; and (v) any other jurisdiction that prohibits the possession, dissemination or communication of the information available on the Website (all information in the White Paper, the Presentations and all information available on the Website are hereinafter referred to as the “Available Information”) and/or prohibits participation in the Token Sale or the purchase of Tokens or the offer for sale of the Tokens or similar activities or products (collectively, the “Restricted Jurisdictions”) or other Restricted Persons from participating in the Token Sale & NFT Minting. The term “Restricted Persons” refers to any firm, company, partnership, trust, corporation, institution, government, state or agency of a state or any other incorporated or unincorporated body or association, union or partnership (whether or not having separate legal personality) formed and/or lawfully existing under the laws of any Restricted Jurisdiction (including, in the case of the United States of America, under the federal laws of the United States of America or the laws of any state thereof).
The Tokens do not and will not constitute securities in any jurisdiction. The CRYPTOTICKER Project Documentation does not constitute a prospectus or offering document of any kind and the information available is not intended as an offer of securities or a solicitation of investment in securities in any jurisdiction. The Company does not express any opinion or give any advice on the purchase, sale or other transaction of any Token, and the presentation, publication or transmission of all or any part of the available information shall not be used or relied upon in connection with any contract or investment decision.
NO BUSINESS, LEGAL, FINANCIAL OR TAX ADVICE.
No part of the Available Information should be considered business, legal, financial or tax advice relating to the Company, the Tokens, the Token Sale or any of the matters to which the Available Information relates in whole or in part. You should consult your own legal, financial, tax or other professional advisor regarding the information provided by CRYPTOTICKER. You should be aware that you may be required to bear the financial risk of purchasing tokens for an indefinite period of time.
The offer of $CRYPTOTICKER Utility Tokens & NFTs is made to enable the use of premium services/software services and NOT for SPECULATORY purposes.