The Investment Risks
The Creation of BlockCDN tokens carries with it significant risk. Prior to Creating BlockCDN tokens, carefully consider the exemplary and non-exhaustive list of risks set forth below and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals prior to Creating BlockCDN tokens.
1. Risk of Security Weaknesses in The BlockCDN’s Software
The BlockCDN concept is both experimental in nature and unproven. There is a risk that, as an open source project, any contributor to The BlockCDN’s software could introduce weaknesses or bugs into the BlockCDN software, causing the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
2. Risk of Weakness in the BlockCDN underlying blockchain, and/or Ethereum Network
The BlockCDN software is itself based on an unproven platform: the Ethereum blockchain. There is a risk that, as an open source project, any contributor to the Ethereum blockchain could introduce weaknesses or bugs into the Ethereum software, causing the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
3. Risk of unforeseen attack vectors
The field of Digital Cryptography is very new and for this reason, there is a risk of unforeseen attack both in terms of the underlying cryptographic protocol that back the functioning of the BlockCDN as well as 'game theory' related vectors which have not been documented to date. Both these vectors represent a risk that could lead the loss of BlockCDN tokens or ETH in one or more or even all of the BlockCDN Token Holder’s accounts.
4. Regulatory risks
Blockchain technology and Ethereum are allowing new forms of interactions between individuals and/or companies, some of them are still to be imagined and implemented. Like with the appearance of cryptocurrencies such as Bitcoin, it is very likely that specific regulations will be set in different jurisdictions targeting blockchain technology and more specifically BlockCDNs. These regulations may or may not be BlockCDN friendly and some might even forbid any relationships between an individual or company and a BlockCDN.
No party involved with the Creation of The BlockCDN makes any representations concerning the tax implications of the Creation of BlockCDN tokens or the possession or use of BlockCDN tokens. You bear the sole responsibility to determine if the Creation of BlockCDN tokens or the potential appreciation or depreciation in the value of BlockCDN tokens over time has tax implications for you in your home jurisdiction.
You Create BlockCDN tokens with your own actions. To the extent permitted by law, Third Parties or Individuals associated with the Creation of The BlockCDN are not liable for any tax liability associated with or arising from the Creation of BlockCDN tokens.
Forward looking statements
This document contains statements that are, or may be deemed to be, “forward looking statements” which are prospective in nature. These forward looking statements may be identified by the use of forward looking terminology, or the negative thereof such as “outlook”, "plans", "expects" or "does not expect", "is expected", "continues", "assumes", "is subject to", "budget", "scheduled", "estimates", "aims", "forecasts", "risks", "intends", "positioned", "predicts", "anticipates" or "does not anticipate", or "believes", or variations of such words or comparable terminology and phrases or statements that certain actions, events or results "may", "could", "should", “shall”, "would", "might" or "will" be taken, occur or be achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are not based on historical facts, but rather on current predictions, expectations, beliefs, opinions, plans, objectives, goals, intentions and projections about future events, results of operations, prospects, financial condition and discussions of strategy. By their nature, forward looking statements involve known and unknown risks and uncertainties, many of which are beyond anyone's control.
Forward looking statements are not guarantees of future performance and may and often do differ materially from actual results. Important factors that could cause these uncertainties include, but are not limited to, those discussed in the “Risks and uncertainties” of this document. None of the third parties provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this document will actually occur. You are cautioned not to place undue reliance on these forward-looking statements which only speak as of the date of this document. All third parties involved with the BlockCDN Creation and their affiliates expressly disclaim any intention, obligation or undertaking to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The making of this document does not constitute a recommendation regarding any securities.
Disclaimer of Warranties
THE USER EXPRESSLY AGREES THAT THE USER IS CREATING BlockCDN TOKENS AT THE USER’S SOLE RISK AND THAT BlockCDN TOKENS ARE CREATED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF TITLE OR IMPLIED WARRANTIES, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE (EXCEPT ONLY TO THE EXTENT PROHIBITED UNDER APPLICABLE LAW WITH ANY LEGALLY REQUIRED WARRANTY PERIOD TO THE SHORTER OF THIRTY DAYS FROM FIRST USE OR THE MINIMUM PERIOD REQUIRED).
WITHOUT LIMITING THE FOREGOING, NONE OF THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION WARRANT THAT THE PROCESS FOR PURCHASING BlockCDN TOKENS WILL BE UNINTERRUPTED OR ERROR-FREE.
Limitations Waiver of Liability
YOU ACKNOWLEDGE AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY ANY APPLICABLE LAW, YOU WILL NOT HOLD THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION LIABLE FOR ANY AND ALL DAMAGES OR INJURY WHATSOEVER CAUSED BY OR RELATED TO USE OF, OR INABILITY TO USE, BlockCDN TOKENS OR THE BlockCDN PLATFORM UNDER ANY CAUSE OR ACTION WHATSOEVER OF ANY KIND IN ANY JURISDICTION, INCLUDING, WITHOUT LIMITATION, ACTIONS FOR BREACH OF WARRANTY, BREACH OF CONTRACT OR TORT (INCLUDING NEGLIGENCE) AND THAT NONE OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR CREATION OF, OR INABILITY TO CREATE, BlockCDN TOKENS.
YOU FURTHER SPECIFICALLY ACKNOWLEDGE THAT THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION ARE NOT LIABLE, AND YOU AGREE NOT TO SEEK TO HOLD ANY OF THE THIRD PARTIES OR INDIVIDUALS ASSOCIATED WITH THE BlockCDN CREATION LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OTHER CREATORS OF BlockCDN TOKENS, AND THAT THE RISK OF CREATING AND USING BlockCDN TOKENS RESTS ENTIRELY WITH YOU.