A token implicitly involves several risks, some of which are mentioned below, but there may be others. These risks may result in the complete loss of the tokens, or their value. The token holder fully assumes and understands all the risks involved with tokens. If the token loses value or anything else happens, under no circumstances will the token Issuer compensate the token holder in any way.
It is possible that the token in question may not be listed on any secondary market or that there is a lack of liquidity in OTC (over-the-counter) markets. The Company is not responsible for any fluctuations in market rates for the token in question or for the fact that these market rates may allow the token to be listed, which may entail illiquidity risks. Even if the token were to be listed on a third-party platform, these platforms may not have sufficient liquidity or even face risks of regulatory or compliance changes and, therefore, may be susceptible to failure, crash, or manipulation. In addition, to the extent that a third-party platform lists the token in question, granting an exchange value to the token (whether in cryptoassets or fiat money), that value may suffer volatility. As a subscriber in this type of asset, the user assumes all the risks associated with the speculation and above risks.
Forward-looking information risk
Certain information contained in this document is forward-looking in nature, including financial projections and business growth projections. This forward-looking information is based on what the Company’s management believes to be reasonable assumptions, but there can be no assurance as to the actual results. Future events could differ substantially from those expected.
Cryptographic tokens are a newly-created technology that is currently in the testing phase. In addition to the above risks, there are other risks associated with their acquisition, storage, transfer and use, including some that are difficult to anticipate. These risks may further materialize with unforeseen changes or arising from combinations of the above risks.
Blockchain technology allows for new forms of interaction and certain jurisdictions may apply existing regulations or introduce new regulations that address applications based on blockchain technology, which may be contrary to the current configuration of smart contracts and may, among other things, result in substantial modifications to smart contracts, including their termination and the loss of tokens for the subscriber.
Risk of project failure or abandonment
The development of the project proposed by the Issuer in this document may be prevented and stopped for a variety of reasons, including but not limited to lack of interest from the market, lack of funding, lack of commercial success or prospects (e.g., caused by competing projects). This issue of tokens does not guarantee that the objectives set out in this document will be fully or partially achieved or that it will bring benefits to the holder of the tokens offered by the Issuer.
It is possible that other companies may provide services similar to that of the Company. The Company could compete with these other businesses, which could have a negative impact on the services provided by the Company.
This type of product has high inherent risk. The value of the tokens may fluctuate up and down and a subscriber may not recover the capital initially used. There may also be changes in taxation and/or possible tax relief. The above taxes and tax relief always refer to those in force and their value will depend on the circumstances of each subscriber. Participation in this type of project must always take into account all the information provided by the issuer.
The smart contract through which these tokens are traded is based on the Ethereum protocol. Any malfunction, crash, or abandonment of the Ethereum project may cause adverse effects on the functioning of the tokens in question. On the other hand, technological advances in general and in cryptography in particular, such as the development of quantum computing, may entail risks that could lead to the malfunction of these tokens. Smart contracts and the software on which they are based are at an early stage of development. There is no guarantee or way to ensure that the issuance of tokens and their subsequent trading is not interrupted or subject to any other type of error, whereby there is an inherent risk of defects, failure and vulnerabilities that may result in the loss of the funds contributed or the tokens obtained. There is a risk of hacker attacks on the technological infrastructure used by the Issuer and on key networks and technologies. As a result, the Issuer may be partially, temporarily, or even permanently prevented from carrying out its business activities. In the case of Ethereum’s proof-of-work consensus mechanisms, it may be that someone could control more than 50% of the computational power of the blockchain miners in a so-called 51% attack and therefore take control of the network (the blockchain). By using more than 50% of the mining power (hash power), the attacker will always represent the majority, which means they can impose their version on the blockchain. This is also possible with less than 51% of the mining power. Once the attacker has gained control of the network, they could reverse or redirect the transactions initiated, making it possible to “double spend” (i.e., perform multiple transactions with the same token). The attacker can also block the transactions of others by denying confirmation. There could also be other cyber attacks on the Ethereum blockchain, software and/or hardware used by the Issuer.
In addition to cyber attacks, there is a risk that the Issuer’s employees or third parties may sabotage technological systems, which may result in the failure of the Issuer’s hardware and/or software systems. This could also have a negative impact on the Issuer’s business activities.
Risky of custody / loss of private keys
Tokens issued by the Issuer can only be acquired using an Ethereum digital wallet for which the token subscriber has its respective private key and password. The private key, as a rule, is usually encrypted by a password. The Issuer’s token subscriber acknowledges, understands and agrees that if their private key or password for the tokens obtained and associated with their Ethereum digital wallet is lost or stolen, they may permanently lose access to their tokens. Any third party who has access to the above private key could misappropriate the tokens contained in the digital wallet in question. Any error or malfunction caused by or related in any way to the digital wallet or token storage system in which the subscriber wishes to receive their tokens could also result in a loss of tokens.
Risk of theft
The concept of smart contracts, and the software platform on which they run (i.e., Ethereum) may be exposed to cyber-attacks or hacks by third parties, either through malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing. Any of these attacks could result in the theft or loss of the price paid or tokens subscribed, which, in turn, could mean that the Issuer would be unable to achieve the objectives set out in this document.
Risk of incompatible wallet services
The digital wallet service provider or digital wallet used to receive tokens must comply with the Binance Chain token standard to be technically compatible with these tokens. Failure to ensure such compliance may result in the subscriber losing access to their tokens.
Notice to residents of the European Union
The NMV token is not a guarantee or a financial instrument within the meaning of the Markets in Financial Instruments Directive (MiFID II) of the European Parliament (2014/65/EU), securities or other laws of the member states. The NMV is not a guarantee of any kind and does not represent any right to vote, manage or share the profits of any entity. NMV token does not represent the ownership of any physical asset and will not be refundable.
Notice to residents of the United States
The NMV token offer and sale have not been registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of certain states. The NMV may not be offered, sold or otherwise transferred, pledged or hypothecated except as permitted under the Act and applicable state securities laws according to an effective registration statement or an exemption therefrom.
Notice to residents of Australia
No SAFTs, placement document, prospectus, product disclosure statement or other disclosure document has been lodged with the Australian Securities and Investments Commission concerning the offering. The SAFT and any documents used in connection therewith and any related documents do not сonstitute a prospectus, product disclosure statement, or other disclosure documents under the Corporations Act 2001. In Australia, somebody may only offer the NMV to "sophisticated investors" or "professional investors" or otherwise according to one more exemptions contained in the Corporations Act so that it is lawful to offer the NMV in observance with applicable laws.
Notice to residents of the People's Republic of China
The rights to NMV are not being offered or sold and may not be offered or sold, directly or indirectly, within the People's Republic of China, except as expressly permitted by the laws and regulations of the People's Republic Of China.
Notice to residents of Japan
The NMV has not been registered and will not be registered under Japan's securities or financial laws. The potential purchasers of the NMV agree not to re-transfer or re-assign the NMV to anyone other than non-residents of Japan except pursuant to a private placement exemption from the registration requirements of, and otherwise in compliance with, the relevant laws and regulations of Japan.
Notice to residents of the Russian Federation
The SAFT and any related documents are not an offer, or an invitation to make offers, to sell, purchase, exchange or otherwise transfer securities or foreign financial instruments to or for the benefit of any person or entity resident, incorporated, established or having their usual residence in the Russian Federation. The SAFT and any documents used in connection to NMV offer and sale are not advertisements in connection with any securities' placement or public circulation as determined by Russian laws. The NMV is not intended for placement or public circulation in the Russian Federation. Neither the SAFT nor any other document relating here to has been or will be registered with the Central Bank of the Russian Federation.
Notice to residents of Switzerland
NMV may not be publicly offered in Switzerland and will not be listed on the swiss exchanges or on any other stock exchange or regulated trading facility in Switzerland. SAFT and any related documents have been prepared without regard to the disclosure standards for issuance prospectuses under the Swiss Code of Obligations or the disclosure standards for listing prospectuses. Neither SAFT nor any related marketing material may be publicly distributed or otherwise made publicly available in Switzerland. SAFT and any related marketing materials have not been and will not be filed with or approved by any Swiss regulatory authority, mainly including the Swiss Financial Market Supervisory Authority. The NMV token offer and sale has not been authorized under the Swiss Federal Act on Collective Investment Schemes.
Notice to residents of the United Kingdom
In the United Kingdom, the SAFT is being distributed only to and is directed only at (and any purchase activity to which it relates will be engaged only with) investment professionals (within the meaning of article 19(5) of the Financial Promotion Order (the "FPO"); (ii) persons or entities of a kind described in article 49 of the FPO; (iii) certified sophisticated investors (within the meaning of article 50(1) of the FPO); and (iv) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action in connection with the SAFT or based upon any documents used in connection therewith. It is a condition of the acquisition of the NMV that the person warrants to be a relevant person. The SAFT and any documents used in connection therewith have not been approved by any regulatory authority in the United Kingdom.
Notice to residents of all jurisdictions
No action has been taken to permit the offer, sale, possession or distribution of the NMV or any related documents in any jurisdiction where action for that purpose is required. You are required to inform yourself about and to observe any restrictions relating to NMV offering, the SAFT, and any related documents in your jurisdiction.
No one contemplates an economic return for the purchase of the NMV, and you should not buy NMV for any speculative purposes. The participation in the sale of the NMV token must not have any expectation of benefits, dividends, capital gains, financial performance or any other return, payment or income of any kind. The purchase of NMV carries a substantial risk that could lead to a loss. There is no guarantee that the objectives will be achieved or that the NMV tokens will always have or maintain value within the ecosystem. Any resale of the NMV must be made per exemptions from the securities requirements and in compliance with the requirements of applicable laws.