Please consider the following risk factors (many of which are specific and inherent to cryptographic tokens) before using any part of our Wallet/website/platform and before purchasing and/or trading EXO cryptographic tokens or any other cryptographic token which we (or any third-party service provider accessed through our platform) may offer through our Wallet/website/platform from time to time (“tokens“). The value of the tokens and your ability to access and transfer the tokens could be materially and adversely affected if any of these risk factors materialize. As a result, you expose yourself to considerable risk and potential financial losses when you purchase tokens.
Please also note that this Risk Statement is not exhaustive. It would help if you carried out further research (and sought professional advice) to carefully determine whether purchasing and trading tokens suit your particular financial situation and risk tolerance.
The purchase of the tokens is not a financial opportunity. The tokens have no underlying value and are for utility purposes only. They can only be used within a specific ecosystem to engage with software or reward mechanism for online purchases.
WE SHALL NOT BE LIABLE FOR ANY LOSS INCURRED BY YOU RESULTING FROM YOUR ACCESS TO OUR PLATFORM OR YOUR PURCHASE, TRANSFER, OR USE OF TOKENS.
TOKENS ARE HIGH-RISK ASSETS, AND YOU SHOULD NEVER USE FUNDS THAT YOU CANNOT AFFORD TO LOSE TO PURCHASE TOKENS.
DO NOT PURCHASE THIS TOKEN OR ENGAGE WITH ANY OF THE TOKEN SERVICES (AS DEFINED IN THE TOKEN TERMS) IF YOU EXPECT PROFIT, GAIN, OR TO BENEFIT FINANCIALLY FROM ACQUIRING THIS TOKEN.
1. PRICE VOLATILITY
The price of tokens can be subject to dramatic fluctuations and high volatility due to the rapid shifts in offer and demand resulting from events such as but not limited to:
- Good or bad publicity.
- Changes in the financial technology industry.
- Technological advancement.
- Market trends.
- General economic or political conditions.
- Degree of adoption.
- Degree of institutional support.
- Regulatory measures.
- Degree of government support.
- Market dynamics.
- Trading activities.
- Hacking.
- Events affecting large service providers, including exchanges.
AS A RESULT OF PRICE VOLATILITY, YOUR TOKENS MAY LOSE ALL VALUE AND BECOME WORTHLESS. WE SHALL NOT BE RESPONSIBLE FOR ANY LOSS INCURRED BY YOU AS A RESULT OF THE INHERENT PRICE VOLATILITY OF TOKENS.
2. CRYPTOGRAPHIC WALLETS
The tokens stored on cryptographic wallets (“Wallets“). A private key (for example, a passphrase) is usually necessary to access, control, and dispose of tokens stored in your Wallet. Losing access to the private key(s) associated with your Wallet may result in the permanent loss of your ability to access and dispose of your tokens.
You are solely responsible for implementing all reasonable and appropriate measures for securing access to your private key(s) and Wallet.
- WE DO NOT HOLD COPIES OF YOUR PRIVATE KEY(S). WE SHALL NOT BE RESPONSIBLE FOR ANY LOSS RESULTING FROM YOUR INABILITY TO ACCESS YOUR WALLET AND PRIVATE KEYS.
3. PROTOCOLS
The tokens are recorded on distributed ledgers (typically shared across users) governed by, subject to, and distinguished based on a specific set of rules known as protocols.
3.1 Malfunction, breakdown and/or abandonment of protocols
Any malfunction, breakdown, and abandonment of the protocols (and of any consensus mechanism, where applicable) on which the tokens are based could severely affect the price of the tokens as well as your ability to dispose of the tokens (particularly where the protocol relies on substantial participation and broad networks to operate correctly).
3.2 Mining attacks
Some protocols integrate consensus-based mechanisms for validating transfers (“Consensus Protocols”). Therefore, consensus protocols are susceptible to attacks at the stage of validation, where the network approves the token transactions. This may affect the accuracy of transactions occurring on the protocol and your tokens being misappropriated (for example, through what is typically referred to as double-spending attacks).
3.3 Hacking and security weaknesses
Tokens may be subject to expropriation and theft. Bad actors (including hackers, groups, and organizations) may attempt to interfere with the protocols or the tokens in a variety of ways, including, but not limited to, malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Furthermore, some protocols are based on open-source software and, as a result, are subject to the risk of weakness being introduced to the protocols (either willingly or accidentally) at the development stage. Any such weakness may be exploited by bad actors for the purposes of misappropriating your tokens, or otherwise affecting the functionality of the protocol and of your ability to dispose of your tokens.
WE DO NOT HAVE CONTROL OVER THE PROTOCOLS. AS SUCH, WE SHALL NOT BE RESPONSIBLE FOR ANY LOSS ARISING OUT OF OR IN CONNECTION WITH THE PROTOCOLS.
4. LAWS AND REGULATIONS
The legal and regulatory framework surrounding tokens and distributed ledger technology is uncertain, not harmonized, and unsettled in many jurisdictions. It is difficult to predict what framework will become applicable to tokens shortly and how the implementation of dedicated legal and regulatory frameworks will affect the price of tokens. A newly introduced legal and regulatory framework may interfere with or otherwise limit your ability to hold or dispose of your tokens, which in turn could result in a financial loss on your part.
WE ARE NOT RESPONSIBLE FOR ANY LOSS WHICH YOU MAY SUFFER AS A RESULT OF ANY NEWLY INTRODUCED LEGAL OR REGULATORY FRAMEWORK.
5. UNANTICIPATED RISKS
In addition to the risks included in this document, there are other risks associated with your purchase, holding, trading, and use of tokens, some of which we cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this section.
THIS RISK STATEMENT IS NOT EXHAUSTIVE AND SHALL NOT BE TAKEN TO ENCOMPASS ALL RISKS INVOLVED IN THE PURCHASE, HOLDING, TRADING, AND USE OF TOKENS. WE SHALL NOT BE RESPONSIBLE OR LIABLE FOR ANY LOSS SUFFERED BY YOU AS A RESULT OF UNANTICIPATED RISKS.
6. RISKS ABOUT EXO TOKEN
The information set forth below is not an exhaustive list of considerations and is not intended to nor does it imply any advice nor elements of any contractual relationship. While every effort is made to ensure that any material in this whitepaper is complete, accurate and up to date, such material does not constitute the provision of professional advice. The EXO Token (“The Token”) is not guaranteed, and no person nor entity involved accepts legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this documents. Investors and potential token holders should seek appropriate independent professional advice instead of relying on, or entering into any commitment or transaction based on, material published in this whitepaper, which material is purely published for anecdotal purposes alone. The Token is not intended to constitute securities in any jurisdiction. This whitepaper does not constitute a prospectus or an offer document of any sort and is not intended to constitute an offer of securities nor a solicitation for investment in securities in any jurisdiction. Exohood Decentralized Autonomous Organization, does not provide any opinion on any advice to purchase, sell, or otherwise transact with the tokens and the fact of presentation of this whitepaper shall not form the basis of, or be relied upon in connection with, any contract or investment decision. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this whitepaper. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of Exohood Decentralized Autonomous Organization tokens, and no cryptocurrency or other form of payment is to be accepted on the basis of this whitepaper. This Exohood Decentralized Autonomous Organization whitepaper is for information purposes only. The accuracy of and conclusions reached in this whitepaper are opinions and are not guaranteed, and this white paper is provided “as is”. This whitepaper does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. Exohood Decentralized Autonomous Organization and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this whitepaper or any of the content contained herein, even if advised of the possibility of such damages. In no event will Exohood Decentralized Autonomous Organization or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.
Exohood Decentralized Autonomous Organization makes no representations or warranties (whether express or implied), and disclaims all liability arising from any information stated in the whitepaper. In particular, the any roadmap as set out in the text of the whitepaper is subject to change, which means that Exohood Decentralized Autonomous Organization is not bound by any representations to the future performance and the returns of Exohood Decentralized Autonomous Organization. The actual results and the performance of Exohood Decentralized Autonomous Organization may differ materially from those set out in the Exohood Decentralized Autonomous Organization whitepaper. Please note that contents of Exohood Decentralized Autonomous Organization whitepaper will likely be modified and updated at any time in future by the project’s management team. The whitepaper has been prepared solely in reference to The protocol, blockchain, token and validators. No shares or other securities of the Company are being offered in any jurisdiction pursuant to the Whitepaper. The EXO Token referred to in this whitepaper have not been registered, approved, or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States or any other regulatory authority in the World. None of the foregoing authorities examined or approved the characteristics or the economic realities of this token sale or the accuracy or the adequacy of the information contained in this whitepaper under, the US. Securities act of 1933 as amended, or under the securities laws of any state of the United States of America.
You may not own, hold, or operate tokens at any time if you are in a country which does not permit the operation of cryptographic tokens. Purchasers of the tokens referred to in this whitepaper should be aware that they bear all risks involved in acquisition of Exohood Decentralized Autonomous Organization tokens, if any, for an indefinite period of time.
Some of the statements in the whitepaper include forward-looking statements which reflect team Exohood Decentralized Autonomous Organization current views with respect to product development, execution roadmap, financial performance, business strategy and future plans, both with respect to the organization and the sectors and industries in which the organization operates. Statements which include the words ”expects”, ”intends”, ”plans”, ”believes”, ”projects”, ”anticipates”, ”will”, ”targets”, ”aims”, ”may”, ”would”, ”could”, ”continue” and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the group’s actual results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the whitepaper entitled ” risk factors ”, which should be read in conjunction with the other cautionary statements that are included in the whitepaper. Any forward-looking statements in the whitepaper reflect the group’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the group’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the whitepaper. Subject to industry acceptable disclosure and transparency rules and common practices, the company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to the Project Exohood Decentralized Autonomous Organization or individuals acting on behalf of Exohood Decentralized Autonomous Organization are expressly qualified in their entirety by this paragraph. No statement in the whitepaper is intended as a profit forecast and no statement in the whitepaper should be interpreted to mean that the earnings of Project Exohood Decentralized Autonomous Organization for the current or future years would be as may be implied in this whitepaper.
No regulatory authority has examined or approved of any of the information set out in this whitepaper. Thus, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
DO NOT PURCHASE THIS TOKEN OR ENGAGE WITH ANY OF THE TOKEN SERVICES (AS DEFINED IN THE TOKEN TERMS) IF YOU EXPECT PROFIT, GAIN, OR TO BENEFIT FINANCIALLY FROM ACQUIRING THIS TOKEN.
Updated May 01, 2022