Risks Disclosure Statement
Risks Disclosure Statement
Although We make reasonable efforts to ensure that the Tokens, the Project and their related software follow the high-security standards, We do not warrant or represent that the Tokens, the Project or any such related software are secure or safe, or protected from fishing, malware or other malicious attacks. Further, the Tokens, the Project and their related software may contain weaknesses, bugs, vulnerabilities, viruses or other defects which may have a material adverse effect on the operation of the Tokens, the Project or any such related software or may lead to losses and damages for you, other Players of the Tokens, the Project or any such related software or third persons.
Risk Inherent in the Blockchain
The Tokens, the Project and their related software are or will be deployed on the Ethereum blockchain main network and any other protocol used by the Project. As a result, any malfunction, breakdown or abandonment of such blockchain(s) may have a material adverse effect on the Tokens, the Project or such related software. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Tokens, the Project or such related software, and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain. The smart-contract concept, the underlying software application and the software platform (i.e., [Ethereum, Polygon] or other blockchains) are still in an early development stage and unproven. Although it is very unlikely, the blockchain, as well as any other blockchain, can be attacked which may result in downtime, consensus split, long reorganization of the chain, 51 percent attack, or other adverse outcomes each of which may lead to complete loss of your digital assets.
Risk of Flawed Logic of the Tokens, the Project or their Related Software
The underlying logic of the Tokens, the Project and their related software may be flawed, defective or impaired, which can result in smart contracts operating incorrectly or not as expected or transactions being executed in violation of logic which underpins the smart contracts, which can lead to partial or complete loss of digital assets used in the transaction.
Risk of Confusing User Interface
Certain user interface elements or design decisions can be confusing or misleading, which may result in the execution of a different action or transaction than intended or desired or connection of a wrong wallet, account or network.
Risk of Legal Uncertainty
Our intended activities are subject to various laws and regulations in the countries where We operate or intend to operate. We might be obliged to obtain different licenses or other permissive documents in some or all jurisdictions where We intend to operate Our business, therefore, Our business in such jurisdictions shall always be subject to obtaining such licenses or permissive documents, if so directed by applicable laws. There is a risk that certain activities may be deemed in violation of any such law or regulation. Penalties for any such potential violation would be unknown. Additionally, changes in applicable laws or regulations or evolving interpretations of existing law could, in certain circumstances, result in increased compliance costs or capital expenditures, which could affect our ability to carry on Our business model.
Risk of Theft
There is no assurance that there will be no theft of your digital assets as a result of hacks, sophisticated cyberattacks, distributed denials of service or errors, double-spent attacks, flash-loan attacks, vulnerabilities or defects of the Tokens, the Project or their related software or of the [Ethereum, Polygon] or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. Any of the above may lead to partial or complete theft or loss of digital assets used in transactions carried out in connection with the Tokens, the Project or their related software.