Please be aware of the following specific risks relating to Cryptographic Tokens, Cryptocurrency and Blockchain-Based Software Systems and Related Services:
Expert knowledge required
Any purchase of YEdge Tokens made under the terms of the IEO should be undertaken by parties/entities which have significant experience with, and understanding of, the usage and intricacies of cryptographic tokens and currencies and Blockchain-based systems and services. General guidelines for usage and storage of YEdge Tokens will be available to the Purchaser before the platform and final Yotta digital wallet becomes operational, but Purchasers have the sole responsibility to ensure that they have a functional understanding of storage and transmission mechanisms associated with cryptographic currency and Tokens in order to ensure they understand the risks associated with the IEO. While we will ensure reasonable availability to assist Purchasers during, and after the IEO, we will not be responsible for any loss of, or inability to access tokens, Blockchain Wallets, Counterparty Compatible Wallets or any similar type of online/digital/virtual token or cryptocurrency, which may occur as a result of any type of actions taken by, or omitted or accidentally or incidentally made by the Purchaser.
Extreme price and value volatility
By purchasing YEdge Token, you, as the Purchaser, expressly acknowledge and represent that you fully understand that YEdge Token may experience volatility in pricing and that you accept all the risks relating to such a purchase and the nature of the IEO. Further to this, you specifically acknowledge that you will not seek to hold us or any of its Affiliated Parties liable for any losses or any special, incidental, or consequential damages arising from, or which are in any way connected or related to the price and value volatility of Yotta Assets in particular.
Disclaimer of general and associated risks
The purchase of YEdge Token Assets carries with it a number of risks. Therefore, prior to purchasing YEdge Token, you should carefully consider the risks and, to the extent necessary, obtain independent advice as to the risks associated with the IEO. If any of the risks as contemplated in these Terms are unacceptable to you, or if you do not understand the nature and extent of the risks associated with the IEO, you should not purchase YEdge Token. By purchasing YEdge Token Assets, and to the extent permitted by Applicable Law, you are agreeing not to hold us or any of its affiliated persons or entities liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the sale of YEdge Token Assets. By purchasing any YEdge Token Assets you expressly acknowledge and represent that you have carefully reviewed these Terms and the Sale Agreement and fully understand the risks, costs and benefits of purchasing cryptographic assets in the manner as contemplated in these Terms and the Sale Agreement.
Neither these Terms nor the Sale Agreement should be regarded as an invitation for further investment and does not construe, relate or pertain in any way or should be regarded to be an offering of securities in any jurisdiction.
The purchasing of and trading in any YEdge Token Asset shall not afford any Purchaser with the right to exercise any influence over the governance of Yotta3 or any aspect of the business.
Despite the use of the word “Coin” when referring to the YEdge Token sold to Purchasers and traded within the Yotta system, no YEdge Token Assets should be regarded as fiat money, or have implied fiat values.
Considering the nature of the YEdge Token Assets, and specifically the token, as bona fide cryptographic assets (rather than securities, financial instruments, foreign currency-denominated investment instruments or any other type of Financial instrument) neither the YEdge Token nor any platform associated with it should be regarded as a securities or currency exchange;
The IEO should not be regarded as an invitation to the public to acquire securities in Yotta3 or any other entity; and unless explicitly determined otherwise, neither Yotta3 nor any of its affiliates should be regarded as a provider of foreign exchange services, Intermediary Services, Financial Services or Financial Products;
Accordingly, Yotta3 is not regarded or registered as a Financial Services Provider as defined by the Financial Conduct Authority in the United Kingdom.
Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies within different jurisdictions. Notwithstanding, Yotta3, its business practices in general, and various aspects of the business could be impacted by one or more future regulatory inquiries or regulatory actions, which could impede or limit the ability of to continue to develop Yotta3 using Blockchain and cryptocurrency technology.
These Terms, our business model in general and all aspects of the Yotta3 may be subject to change depending on regulatory and compliance requirements of applicable law from time to time, in which event Yotta3 shall not be held liable for any loss or damages (whether direct or consequential) caused by such changes. In this regard, and to the fullest extent possible, the Purchaser acknowledges and understands the effect, namely that neither yotta3 nor any of its affiliates accept any liability for any loss or damages caused by such occurrence.