# Foreword

![](/files/YZV2wUPSDFyUiwYXl726)

## **Overview**

The name "Pangaea or Pangea" is derived from [Ancient Greek](https://en.wikipedia.org/wiki/Ancient_Greek) *pan* ([πᾶν](https://en.wiktionary.org/wiki/%CF%80%E1%BE%B6%CE%BD), "all, entire, whole") and [*Gaia* ](https://en.wikipedia.org/wiki/Gaia_\(mythology\))or Gaea (Γαῖα, "[Mother Earth](https://en.wikipedia.org/wiki/Mother_goddess), land"). In geology, it is used to describe a supercontinent that united all continental units approximately 335 million years ago.

As many years ago there was no division of continents, less than 50 years ago no Web and slightly more than a decade ago no blockchain, now, a new virtual “Gaia” is born.

Virtual Pangea is a vision of 2D, 3D, and AR interconnected layers of virtual space, harnessing the power of several emerging technologies and web3 concepts across all layers simultaneously. Pangeans will be immersed in multidimensional spaces, providing them with endless possibilities for innovation, growth, and creativity. These virtual worlds will foster connectivity, inclusivity, and progress.

## **Emerging Technologies and Concepts**

Blockchain technology has been around for over a decade and has already impacted the lives of millions across the globe. While mass adoption of the blockchain is only a few years away, many other emerging technologies, such as 5G, virtual reality, augmented reality, and artificial Intelligence, have yet to pass the innovator's stage.

In 2016 the concept of the 4th industrial revolution and other similar ideas outlined how simultaneous emerging technology breakthroughs would shift our world. While Gen Z and some Millennials cannot remember how the world changed with the introduction of computers and the internet, most have a fresh memory of how smartphones and social media have transformed our lives and habits.

Blockchain technology buzzwords like DAO’s, NFTs, web3, and more recently, the Metaverse\*, have been making a big splash since 2021. Though these concepts and technologies are in a nascent stage, frameworks of other related emerging technologies are rapidly being expanded upon and developed.

Many of these concepts and technologies have already entered the early-adopting stage, with new applications, infrastructure, and protocol layers are built every day. This quickly growing landscape puts our society on track for a new-world shift, accelerating the mass adoption of blockchain technology and enriching how we experience and interact with the digital world.

![](/files/SQxhJvl2kZ3leoM8LpYk)

*References:*

While lexico.com, Mark Zuckerberg, and others have attempted to give a perspective on the Metaverse, we are aligned with the direction given by Tony Peris in his “The 7 rules of Metaverse” article: “ The Metaverse is the Internet, enhanced and upgraded to consistently deliver 3D content, spatially organized information and experiences, and real-time synchronous communicatio&#x6E;**.**” Adding to this, we see 2D playing an important role as well.

<https://www.lexico.com/definition/metaverse>\
<https://about.fb.com/news/2021/10/founders-letter/>\
[https://medium.com/meta-verses/the-seven-rules-of-the-metaverse](https://medium.com/meta-verses/the-seven-rules-of-the-metaverse-7d4e06fa864c)\
<https://www.mordorintelligence.com/industry-reports/global-gaming-market>\
<https://www.statista.com/statistics/591181/global-augmented-virtual-reality-market-size/> [ ](https://coinmarketcap.com/view/collectibles-nfts/)<https://coinmarketcap.com/view/collectibles-nfts/> CMC data 11/02/2022


# Mission

## Our Mission

We are building a multiplayer SAAS Metaverse from the ground up! A new internet that you go in not on, where businesses and communities are rewarded when engaging and creating value together. All powered by game engines and blockchain technology.&#x20;

Virtual Pangea's fundamentals are built around a gamified network of user-generated interactions, content, and services, supported by a number of integrated SAAS products and tools. When combined, these provide a comprehensive economy in an immersive environment that supports projects and their communities based on these four pillars; **Play, Create, Connect, Belong.**

**Play.** Everyone is invited to have fun and play in an immersive and captivating GameFi experience built by the community, the in-house development team and partners. Having at heart the thrill of gaming with added blockchain mechanics.

**Create.** Building a makerspace for pragmatists and dreamers alike. In addition to the plethora of dynamic activities offered to Pangeans, the community will be able to conceptualize, create and build 2D and 3D environments designed for world builders, tech gigs, art creators, and content curators in an open economy environment. Everything that can be imagined can be built.

**Connect.** Making connections and networking in the virtual world transcends the limitations of an unpredictable physical world (distance, bad weather, pandemics, etc.). Virtual Pangea offers a medium of connectivity via a Metaverse SAAS model for emerging technologies and services to be developed for the benefit of all types of communities and businesses.

**Belong.** Bridging the gap between physical and digital identities. Empowering users through virtual asset ownership and fair compensation makes Virtual Pangea the ultimate space for integrating and belonging in diverse communities.


# Market Issues & Opportunities

**Market Issues**

Businesses are not entering the Metaverse at scale due to the high cost of land ownership, the complex process of building 3D environments & speculative nature of investment in this space.

The land alone in mainstream Metaverse solutions can sell for over $4M for a prominent spot that still requires additional expertise to build your solution, once you have invested in the land.

Most businesses are currently not confident committing large budgets to start their Metaverse journey and lower-cost alternatives don’t offer the security or functionality of mainstream Metaverse solutions.

**Opportunities**

We are building a multiplayer Metaverse from the ground up, where businesses enter for free or subscribe to our SAAS model for additional services.

Metaverse visitors and businesses can expand their digital presence and are rewarded financially by engaging with each other. This is powered by our utility token.

***The Metaverse market is set to become a 5 trillion juggernaut by 2030.***

*Total Accessible Market - $120 Billion in 2022*

Enterprises are looking to use the Metaverse to execute marketing campaigns, learning & development for employees, meetings, events & conferences, product design, etc.&#x20;

*Serviceable Available Market - $13 Billion*

We have the ability to reach out at the enterprise level & are able to fulfill a large portion of their Metaverse & blockchain needs to deliver experiences that consumers are excited about, such as social interactions, entertainment, gaming and shopping.

*Serviceable Obtainable Market- $100 million*

We are limited by scalability and Metaverse R\&D, however, we have a large market available to obtain and are able to offer businesses a unique Metaverse SAAS model and cater to different communities with our accessible products and solutions. &#x20;

Read more about the Metaverse value creation and market opportunities in the McKinsey report:

{% embed url="<https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf>" %}


# Metaverse SAAS

In early 2000, email was king. By, 2010 digital presence was achieved via a website. In 2020 with the explosion of social media, digital presence has expanded across a few large social networking platforms. What comes next? By 2025-2030 everyone will want to be in the new internet, the Metaverse.

Whether you're a small business, doing side gigs, or you're a big established brand, in the near future your Metaverse presence will be as significant as your digital presence is through a website or your social media today.

So what is your Metaverse strategy? If you haven't quite figured this out yet and need to know how to get started, Virtual Pangea is providing a freemium SAAS Metaverse for businesses with communities in mind.&#x20;

**Benefits of a Metaverse SAAS model:** &#x20;

As a business, enter for free and mitigate the financial risk associated with existing Metaverse solutions.

Businesses and their communities can use our rewards mechanism to engage and create value together.

*As we progress with our roadmap, 3 different SAAS subscription models will be made available, catering for all business sizes but also individual artists, the gig economy or simply just communities coming together to explore this exciting new medium.*


# Block-0

<figure><img src="/files/C1X6y4JXxtdlHuFjTy1V" alt="Block-0 concept design"><figcaption><p>Block-0 concept design</p></figcaption></figure>

***Block-0: A Metaverse playground***&#x20;

Named to represent the first iteration of what is to come, Block-0 is the first immersive 3D & VR-ready experience coming to Virtual Pangea. On this plot of land, you will find a massive multistorey structure showcasing the power of NFT technology in a virtual space. With networking, games, galleries, events and plenty of tokenized rewards, Block-0 is a go-to NFT virtual space for anyone looking to interact, shop, learn, explore, collect and just have fun. As a business, enter for free and mitigate the financial risk associated with existing Metaverse solutions.

**Functionality**

*Built on Unity as an* immersive 3D world, ready for VR and also optimized for mobile, a multiplayer gamified experience with up to 50 players per server.

Real-time persistence economy (NFT marketplace) with community features including digital identities via customizable avatars that can spawn in different parts of the block.&#x20;

Social utility with player chat functionality, Metaverse objects interactions that help to connect people on specific topics, see what others are doing, follow trends and get on top of new information, with cool ways to improve your digital status and identity.&#x20;

Vertical and horizontal quests and challenges are organised across Block-0 by different communities, businesses and partners, where all the participants get rewarded for contributing and participating.  &#x20;

Entertainment & educational utility is primed to help all participants relax, wind down, and maybe learn something new while keeping it fun.

<figure><img src="/files/seUjQo7wSQFglsUYV1Z5" alt=""><figcaption><p>Block-0 in-game view</p></figcaption></figure>

***Block-0 structure***

*Over 100000 square meters divided over 6 themed floors that will be developed at different stages.*&#x20;

**Real-Verse Museum -&#x20;*****A** floor for art and other cultural institutions, galleries and art aficionados*

**Digiverse (Web3, NFT art)** - A space with booths for web3 projects and communities.&#x20;

**The Arcade** - A gaming floor filled with adrenaline and portals to games, gaming projects booths and gaming events.&#x20;

**The Emporium** - A space for shopping experiences, product discovery, digital tourism, NGOs and institutions.&#x20;

**Sports & Events** - Event venues and shops for all things sports, music, etc. &#x20;

**The Pyramid**- The top floor, which is reserved for VIP lounges and private events.&#x20;

<figure><img src="/files/YPfSpxk1rZvxqk0ggKuf" alt=""><figcaption><p>Block-0 floor concept design</p></figcaption></figure>

*As we progress with the release of each floor, we will work with partners and communities to refine the floor's layouts, look and feels and also add further functionalities that will be revealed incrementally.* &#x20;

*Further development will constitute minting further blocks that will expand the Virtual Pangea Metaverse incrementally so that we maintain a rich and furnished environments throughout the process and so that we can readily adapt the world to meet the exciting new opportunities sure to come in the Metaverse space. Further details on this element to be presented at the second stage of the project.*&#x20;


# Pangea Home

Your home page on the new internet.

Pangea Home is your own personal "lobby" to prepare for your journey into the new internet.

<figure><img src="/files/zVx2FUaanG1KhJTb42lk" alt=""><figcaption><p>Pangea Home design concept</p></figcaption></figure>

It is a familiar web interface that you can use to:

* Customise your internet self (sometimes called agent or avatar)
* Monitor and measure your rewards
* View/Trade your assets&#x20;
* Find new quests/events&#x20;
* Keep up with your friends&#x20;
* Load up the Metaverse and jump in!

More details coming soon!


# Tokenized Rewards (XP)

The tokenized reward distribution system measures Pangeans’ (all users, creators, and participants) interactions within the ecosystem, weighs it against the overall value generated, and automatically distributes their share of the utility token (VP Token) from the Community Reward Vault. These tokens can then be used within the ecosystem or traded at a fair market price.

To facilitate and accelerate user adoption, all participants will be automatically enrolled in this innovative tokenized reward and badge system and have access to substantial resources that will support the establishment of a strong community treasury vault, further incentivizing the development of an open economy.

All Pangeans have to do is connect their wallets and navigate with ease, as the entire mechanism is incorporated seamlessly into the ecosystem. Individual contributions to the platform are measured in XP (Experience Points) in a fashion that is familiar to gamers. Pangeans can engage with this process and self-monitor their successes and earnings in Pangea Home.

## Community Reward Vault

A portion of the VP token will be vested into a Community Reward Vault. Every month, a percentage of the total of the VP tokens in the vault will be automatically distributed to Pangeans based on the amount of XP they’ve earned during that period. For example, if a single Pangean earns 5% of all the XP earned on the platform that month, this Pangean will earn 5% of the allocated amount from the Community Reward Vault for that month.

![The figures above are used as examples to showcase the mechanics. ](/files/uoDX1rPOomRfF69r8mDJ)

To ensure that Pangeans are properly rewarded, rather than constantly “printing” value by increasing the token supply for these rewards, the supply of the utility token will be capped, and the Community Reward Vault will instead be fed in a number of ways:

* Vesting VP tokens into the vault (finite supply)
* Fees incurred on the platform
* Manual injection

Feeding the reward vault by using the ecosystem fees allows the vault to regenerate cyclically by the value generated from the ecosystem itself. Therefore, the Virtual Pangea team and the Pangeans generate value together, the value is harvested in the form of VP tokens, these tokens are then redistributed to all parties allowing for a thriving economy.

Most of the web2 platforms charge users X amount per month, whereas Pangeans will receive X amount monthly based on their contributions. It’s a simple shift in mechanics and yet, it substantially alters the way we experience the digital world. Welcome to web3!


# Multi-Device

Pangea represents an era when all the continents of the world came together as one. To embrace this idea, Virtual Pangea is designed to harness the best of current technology to ensure maximum accessibility to the ecosystem. Anyone anywhere with a modern web browser will be able to connect to this world seamlessly and reap the benefits of web3, tokenized rewards and community. Not only will this enable more creative minds to join and help build this world, but it will enable Pangeans to experience it from a variety of perspectives as well, using everyday tools like mobile phones and more specialized hardware like VR headsets.

![](/files/M9o9KbM3RPKrbnAznh6E)


# VP Token (Ecosystem Utility Token)

The VP token will serve as the primary means of exchange across all products and services in the ecosystem such as minting, renting and selling all manners of tokenized items (NFTs) in Virtual Pangea. Purchasing Metaverse SAAS subscriptions, as well as other B2B services offered will also be possible using the VP Token. Additionaly, the token will be used in a cyclical reward pool described in the Tokenized Rewards (XP) section.&#x20;

To benefit from one of the most robust and secure networks, while retaining the ability to scale and offer Pangeans advantageous transaction fees, the VP token is created using the ERC20 Standard as defined by the Ethereum network. It will launch on the layer two solutions provided by the Polygon Network, an Ethereum Virtual Machine (EVM)-based system. This means that we will use the same development tools and processes that make up the vast and well-tested Ethereum Network. With ERC20 Standard being the most widely-used token standard across the cryptocurrency industry, Pangeans will have the flexibility of interacting in Virtual Pangea using the full breadth of tools (wallets, exchanges, etc.) accessible to users of the Ethereum Network.


# Non Fungible Tokens

NFT technology will be used to create a database of unique digital assets within Virtual Pangea that can serve as standalone items. For example, artwork can be used to provide utility, such as granting access to certain areas and services within the metaverse. Using NFTs will allow Pangeans to freely create and exchange these digital items among themselves, and to properly attribute ownership and utility to the respective users.&#x20;

To accomplish this, we will use the tried and tested ERC 721 standard for the creation of digitally scarce assets, as well as the ERC 1155 standard to benefit from additional functionality of batch minting (creating and distributing multiple NFTs at once) and semi-fungible tokens for various events and venues. Below are the initial ways these standards will be used within the Virtual Pangea metaverse:

## ERC 721

Examples:

* Avatars
* Tile parcels
* Access keys
* Artwork
* Gateways
* Portals

## ERC 1155

Examples:

* 3D asset libraries (created by the VP team and the community)
* In-game/in-world items
* Event tickets
* Participation and achievement badges

You can see the NFTs currently in your wallet using our free NFT Viewer here: <https://www.virtualpangea.com/YourNFTs>


# Metaverse Layers

The future of Virtual Pangea Metaverse space architecture will be formed by a concept of mintable blocks, creating the virtual world’s lands that businesses and community members can mint, buy, sell and rent via non-fungible tokens (NFTs), which are one-of-a-kind creations with ownership secured on a blockchain.

By leveraging the technology behind the difrent layers of the Metaverse, both businesses and their communities will have access to an unparalleled experience of connectivity through products and services that bridge the virtual space with the physical economy.&#x20;

![Virtual Pangea Metaverse Layers](/files/JMH2GbGvOLnnhgGOVS68)


# Nexus Concept

The name nexus is defined as a connection, or series of connections, linking two or more things. Virtual Pangea will offer the use of 2D, 3D, and AR layers. Across these ‘dimensions’, land parcels will be interlinked to allow Pangeans to own and use parcels of land across virtual layers. &#x20;

The 3D layer allows for places and objects in the physical world to be imported and built upon while opening the door for additional use cases such as scientific research. The 2D layer will provide a familiar experience to a vast pool of mobile users and retro gamers. With Virtual Pangea’s nexus technology, Pangeans will be able to choose which level of immersion they want to experience. Pangeans will be able to choose from 3D First or Third-Person perspectives, a more classic 2D top-down view, or augmented reality layers linked to the physical world.

## Endless Possibilities

#### **With this structure of layers, the possibilities are endless. Virtual Pangea will be able to provide new ‘themed layers’ in the future, such as a complete futuristic theme, an anime world, an underwater world, a mediaeval theme, etc. This will open the door to larger-scale partnerships to create completely immersive branded experiences benefiting from the myriad of tools already developed for the other layers.**&#x20;

#### **With this underlying functionality in place, Virtual Pangea will support projects that are looking to enter the Metaverse space without them having to build the technology from the ground up. Transposing Virtual Pangea’s nexus technology into the world’s first Metaverse builder brings users from everywhere to the forefront of innovation and creation.**


# Conclusion

The advent of web3 has prompted a paradigm shift not only in how internet infrastructure is shaped, but also in how businesses and communities interact with the ever-evolving internet platforms.

Web3 can empower people that use these platforms beyond the passive role of what we know as a guest or users today, and into the more participative roles of creators, curators, contributors, and earners. &#x20;

As we're embarking on our exciting adventure, we are elated by the infinite possibilities that the metaverse journey is offering and we've only begun to scratch the surface!

This voyage will allow us to contribute to technological research & development and further blockchain adoption, focusing on community ownership and developing products, solutions, and experiences that will enrich both our physical and digital worlds.&#x20;

Embark on the metaverse voyage with Virtual Pangea! Visit us at <https://virtualpangea.com> and subscribe to our social channels to stay up to date with the latest news and the exciting developments that are yet to come.

**Virtual Pangea - A world you know in a place you've never been.**&#x20;


# Associated Risks and Disclaimers

**Legal Notice and Risk Disclosure**&#x20;

This Legal Notice and Risk Disclosure Statement is provided by Virtual Pangea AG stock company incorporated in Switzerland. Any statements and representations made by us or on our behalf, as well as any use of the tokens issued by us or of any platform, service or protocol upon which our tokens operate, regardless of whether such project is owned, operated, developed or otherwise controlled by us, shall be subject to this notice. Please read this notice carefully before using or interacting with the project or the token. In addition, the tokens are subject to additional terms and conditions that may be amended by us from time to time. The Project may also be subject to additional terms and conditions that may be amended by the owner of the project from time to time.

**Legal Notice Information and Communications**

Our website available at <https://www.virtualpangea.com/>, together with the project’s social media channels and any other information communicated by us or on our behalf, whether through our lightpaper, communication channels or otherwise, do not constitute an offer to sell, a recommendation or solicitation to buy, sell or hold Tokens or any other assets. Nothing in the Materials constitutes a recommendation or solicitation to use the Tokens, the Project or any related products, services or technologies. Always make sure to verify that the information that you believe is provided by us is posted or communicated by our authorized representatives. Any and all Materials are provided for informational and educational purposes only, and should not be relied upon, either wholly or partially, when making any decision. We do not warrant, guarantee or represent, whether expressly or impliedly, that the Materials are true, complete, timely, reliable, accurate, sufficient, non-infringing or fit for a particular purpose, and we will be under no obligation to update or fix such Materials. We shall not be responsible for the accuracy or completeness of the Materials; therefore, any use of such Materials is at your own discretion and risk, and you are solely responsible for any possible damages or losses arising from such use. You should always conduct your own independent research and investigation. Materials may also contain references to third-party data and industry publications. Although we believe that such data is accurate and reasonable, there are no assurances as to the accuracy or completeness of this data. We have not independently verified any of the data from third-party sources referred to on the Website or in connection with the Project, or ascertained the underlying assumptions relied upon by such sources. Any reference to such third-party data and industry publications does not imply our endorsement thereof. Third-party sources referred to on the website or in connection with the project or ascertained the underlying assumptions relied upon by such sources. Any reference to such third-party data and industry publications does not imply our endorsement thereof.

**The Tokens**&#x20;

We do not make any warranties or representations of any kind with regard to the Token (fungible or non-fungible), and we expressly disclaim all warranties and representations relating to the Tokens, whether express or implied, including, without limitation, any implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. The Tokens are provided on an «as is» and «as available» basis. There is no guarantee that the Tokens will perform as expected or hold any particular value or price. The Tokens may lose some or all of their value. We do not make any promises with respect to the Tokens, its price, value, supply amount, performance, etc. We cannot and do not influence the price of the Tokens or its performance, and assume no liability to any person for the Tokens, their performance, value or loss in value, the use or inability to use the Tokens. The Token is not an investment, security, share or equity interest, debt or loan nor a derivative instrument of any of the foregoing. Neither the Materials nor anything communicated or provided by us constitutes a prospectus or offering document, or is an offer to sell or solicitation of an offer to buy Tokens or any other asset. Unless otherwise specified, the Tokens do not provide any person with the rights of any type with respect to us or our affiliates, their revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial or legal rights, nor are the Tokens intended to provide any person with any other rights of any type. The Tokens are not a loan and do not provide any right of ownership or other interest. Unless expressly allowed by us at our discretion, Tokens cannot be received, used, or held by, transferred or sold to, a person which is (i) the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States or any other applicable jurisdictions, (ii) located, organized or resident in any country or territory that is the subject of country-wide or territory-wide sanctions, (iii) listed in any sanctions-related list of sanctioned persons, including, but not limited to, Swiss SECO (Swiss State Secretariat for Economic Affairs) those maintained by the United Nations Security Council, the European Union, Her Majesty’s Treasury of the United Kingdom or Office of Foreign Assets Control of the United States, (iv) located, organized or resident in Australia, Canada, Cuba, Belarus, the Democratic People’s Republic of North Korea, Hong Kong SAR, the Islamic Republic of Iran, Libya, the People’s Republic of China, Russia, South Sudan, Sudan (North), Syria, The Crimea, United States of America, any jurisdiction in which the acquisition and/or ownership of Tokens is prohibited by applicable law, or (v) directly or indirectly owned or controlled by any person or persons described above.

**Applicability of the Anti-Money Laundering Act**

The objective of the Anti-Money Laundering Act (AMLA) is to protect the financial system from money laundering and the financing of terrorism. Anyone who provides payment services or who issues or manages a means of payment is a financial intermediary subject to the AMLA (Art. 2 para. 3 let. b AMLA). The issuing of payment tokens constitutes the issuing of a means of payment subject to this regulation as long as the tokens can be transferred technically on a blockchain infrastructure. This may be the case at the time of the ICO/IDO or only at a later date. Under current FINMA practice, the exchange of a cryptocurrency for fiat money or a different cryptocurrency falls under Art. 2 para. 3 AMLA. Compliance with AMLA Anti-money laundering regulation gives rise to a range of due diligence requirements, including the requirement to establish the identity of the beneficial owner. These requirements can be fulfilled by having the funds accepted via a financial intermediary who is already subject to the AMLA in Switzerland and who exercises on behalf of the organizer the corresponding due diligence requirements. The issue of VP Token is subject to KYC and AML, following Swiss rules, prior to admission to IC&#x4F;**/**&#x49;DO. In particular, all persons resident in the US (United States of America) and in sanctions List Countries as indicated by the Swiss SECO (Swiss State Secretariat for Economic Affairs) are excluded from the possibility of purchasing the VP Token The AMLA procedures must take into account the exclusions of persons and companies indicated in the sanctions list issued by the European Union in connection with the Russian invasion of Ukraine.

**Risk statements**

Purchasing fungible or non-fungible tokens involves substantial risk and may lead to a loss of a substantial or entire amount of the money involved. Prior to purchasing tokens, you should carefully assess and take into account the risks, including those listed in any other documentation. A purchaser should not purchase tokens for speculative or investment purposes. Purchasers should only purchase tokens if they fully understand the nature of the tokens and accept the risks inherent to the tokens. Cryptographic tokens may be subject to expropriation and/or theft; hackers or other malicious groups or organizations may attempt to interfere with our system/network in various ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing which may result in the loss of your cryptographic tokens or the loss of your ability to access or control your cryptographic tokens. In such an event, there may be no remedy, and holders of cryptographic tokens are not guaranteed any remedy, refund, or compensation. The regulatory status of cryptographic tokens and digital assets is currently unsettled, varies among jurisdictions, and is subject to significant uncertainty. It is possible that in the future, certain laws, regulations, policies or rules relating to cryptographic tokens, digital assets, blockchain technology, or blockchain applications may be implemented which may directly or indirectly affect or restrict cryptographic token holders’ right to acquire, own, hold, sell, convert, trade, or use cryptographic tokens. The uncertainty in tax legislation relating to cryptographic tokens and digital assets may expose cryptographic token holders to tax consequences associated with the use or trading of cryptographic tokens. Digital assets and related products and services carry significant risks. Potential purchasers should take into account all of the above and assess the nature of, and their own appetite for, relevant risks independently and consult their advisers before making any decisions.

**Forward-Looking Statements**

The Website, the Project, and the Materials may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements other than statements of historical fact, are forward-looking statements. Any development plans and projections, business projections, future functionality and projected performance of the Tokens, the Project or us, as well as prospects and the future prospects of any industry, are forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain or unknown. We can give no assurance that any forward-looking statements will prove to have been correct. Actual events, results or outcomes could differ materially from what is stated in the forward-looking statement, and you should not rely on any such forward-looking statement. 31 These risks and uncertainties include the impact of economic, competitive, technical and other factors affecting the Tokens, the Project, us or our operations, including, but not limited to, the following: development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of the Tokens, the Project or related products, other business and market conditions. Development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of the Tokens, the Project or related products, other business and market conditions.

**No Advice**

No part of the Website, the Project or the Materials should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisers regarding any such information development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of the Tokens, the Project or related products, other business and market conditions

**Acceptance of Risks and No Liability**

You must read the Risk Disclosure Statement below, and by accessing or using the Tokens and/ or the Project you accept all of the listed risks and agree that we shall not be in any way liable for any losses or damages incurred due to or in connection with such risks. You do hereby also acknowledge and agree that both the Tokens and the Project may be subject to additional risk disclosure statements that may be amended from time to time.

**Indemnity and Limitation of Liability**

You do hereby to the fullest extent permitted by applicable laws and regulations indemnify, defend and hold us, our employees, directors, shareholders, officers, consultants, representatives, agents or contractors harmless from and against any and all loss, penalty, claim, damage, liability or expense whatsoever (including reasonable attorneys’ fees and disbursements) due to or arising out of or based upon (i) any inaccurate representation or warranty made by you, or breach or failure by you to comply with any covenant or agreement made by you or in any other document furnished by you to any of the foregoing persons in connection with the Tokens or the Project, or (ii) any action instituted by or on your behalf against any of the foregoing persons that is finally resolved by judgment against you or in favor of any of the foregoing persons. To the maximum extent permitted by applicable laws and regulations, in no event shall us, our employees, directors, shareholders, officers, consultants, representatives, agents or contractors be liable or responsible for any direct, indirect, special, punitive, exemplary, incidental, or consequential damages or losses of any kind, nor shall they be liable for the loss of goodwill, loss of profits (including expected), loss of data, diminution of value, and business interruption arising out of or in connection with the use of the Tokens.

**Risk of Software Weaknesses**&#x20;

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 users of the Tokens, the Project or any such related software or third persons.

**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 mislead you, 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 cyber-attacks, distributed denials of service or errors, double-spent attacks, flash-loan, vulnerabilities or defects of the Tokens, the Project or their related software or of the Ethereum 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 softwar&#x65;**.**&#x20;

**English language**&#x20;

The lightpaper and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the lightpaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the lightpaper and the Website.


