BLANK Token is listed on Uniswap

Risk Disclaimer

1. Risk disclaimer

  1. We are very thankful for your interest in the Blank project (hereinafter referred to as "Project"), Blank token sale, and Blank tokens (hereinafter referred to as "Tokens"). However, it is a well-known fact that crypto projects are related to various risks, which must be taken into account before participating in Token sale.
  2. Acquisition of the Tokens involves a high degree of risk. The purchaser should carefully consider the following information about these risks before he decides to buy the Tokens. If any of the following risks occur, Goblank OU (hereinafter referred to as “Company”) business, the Project, the value of the Tokens could be materially adversely affected.
  3. The company has described the risks and uncertainties that its management believes are material, but these risks and uncertainties may not be the only one's Company face. Additional risks and uncertainties, including those Company, currently is not aware of or deem immaterial, may also materially adversely affect on Company’s business, the Project, the value of the Tokens. This Risk disclaimer applies to all website https://www.goblank.io/ visitors and Token purchasers.

2. Risk connected to the value of tokens

  1. No Rights, Functionality, or Features Other than Strictly Provided Herein. The Tokens do not have any rights, uses, purpose, attributes, functionalities, or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities, or features on the Project, other than strictly provided in the White Paper.
  2. Lack of Development of Market for Tokens. Because there has been no prior public trading market for the Tokens, the sale of the Tokens may not result in an active or liquid market for the Tokens, and their price may be highly volatile. Although applications have been made to the cryptographic token exchanges for the Tokens to be admitted to trading, an active public market may not develop or be sustained after the Token sale. If a liquid trading market for the Tokens does not develop, the price of the Tokens may become more volatile and the Token holder may be unable to sell or otherwise transact in the Tokens at any time.
  3. Risks Relating to Highly Speculative Traded Price. The valuation of digital tokens in a secondary market is usually not transparent, and highly speculative. The Tokens do not hold any ownership rights to Company’s assets and, therefore, are not backed by any tangible asset. Traded price of the Tokens can fluctuate greatly within a short period of time. There is a high risk that a token holder could lose his/her entire contribution amount. In the worst-case scenario, the Tokens could be rendered worthless.
  4. Tokens May Have No Value. The Tokens may have no value and there is no guarantee or representation of liquidity for the Tokens. The Company is not and shall not be responsible for or liable for the market value of the Tokens, the transferability and/or liquidity of the Tokens, and/or the availability of any market for the Tokens through third parties or otherwise.
  5. Tokens are Non-Refundable. Except for the cases strictly provided by the applicable legislation or in the legally binding documentation on the Tokens sale, Company is not obliged to provide the Token holders with a refund related to the Tokens for any reason, and the Token holders will not receive money or other compensation in lieu of the refund. No promises of future performance or price are or will be made in respect to the Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that the Tokens will hold any particular value. Therefore, the recovery of spent resources may be impossible or may be subject to foreign laws or regulations, which may not be the same as the private law of the Token holder.
  6. Risks of Negative Publicity. Negative publicity involving the Company, the Project, the Tokens may materially and adversely affect the market perception or market price of the Tokens, whether or not it is justified.
  7. Use of Tokens in Restricted Activities by Third Parties. Programs or websites banned or restricted in certain jurisdictions, such as gambling, betting, lottery, sweepstake, pornography, and otherwise, could accept different cryptocurrencies or tokens in their operation. The regulatory authorities of certain jurisdictions could accordingly take administrative or judicial actions against such programs or websites or even the developers or users thereof. The Company neither intends nor can act as a censor to scrutinize to any extent any program or website that uses Tokens with such goals. Therefore, any punishment, penalty, sanction, crackdown, or other regulatory effort made by any governmental authority may more or less frighten or deter existing or potential users away from using and holding the Tokens, and consequently bring material adverse impact on the prospect of the Tokens.
  8. Risks Arising from Taxation. The tax characterization of the Tokens is uncertain. The purchaser shall seek his own tax advice in connection with the acquisition, storage, transfer, and use of the Tokens, which may result in adverse tax consequences to the purchaser, including, without limitation, withholding taxes, transfer taxes, value-added taxes, income taxes and similar taxes, levies, duties or other charges and tax reporting requirements.

3. Blockchain and software risks

  1. Blockchain Delay Risk. On most blockchains used for cryptocurrencies' transactions (e.g. Ethereum, Bitcoin blockchains), the timing of block production is determined by proof of work so block production can occur at random times. For example, the cryptocurrency sent as a payment for the Tokens in the final seconds of the Token sale may not get included in that period. The respective blockchain may not include the purchaser’s transaction at the time the purchaser expects and the payment for the Tokens may reach the intended wallet address, not on the same day the purchaser sends the cryptocurrency.
  2. Blockchain Congestion Risk. Most blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where block producers may not include the purchaser’s transaction when the purchaser wants or the purchaser’s transaction may not be included at all.
  3. Risk of Software Weaknesses. The token smart contract concept, the underlying software application, and software of the Project (i.e. the Ethereum, Bitcoin blockchains) are still in an early development stage and unproven. There are no representations and warranties that the process for creating the Tokens will be uninterrupted or error-free. There is an inherent risk that the software could contain weaknesses, vulnerabilities, or bugs causing, inter alia, the complete loss of the cryptocurrency and/or the Tokens.
  4. Risk of New Technology. The Project, the Tokens, and all of the matters set forth in the White Paper are new and untested. The Project and the Tokens might not be capable of completion, creation, implementation, or adoption. No blockchain utilizing the Project may be ever launched. The purchaser of the Tokens should not rely on the Project, the token smart contract, or the ability to receive the Tokens associated with the Project in the future. Even if the Project is completed, implemented, and adopted, it might not function as intended, and any Tokens may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so the Project and the Tokens may become outdated.

4. Security risks

  1. Risk of Loss of Private Keys. The Tokens may be held by the Token holder in his digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, loss of requisite private keys associated with such token holder’s digital wallet or vault storing the Tokens will result in loss of such Tokens, access to token holder’s Token balance and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service the token holder uses, may be able to misappropriate the token holder’s Tokens.
  2. Lack of Token Security. The Tokens may be subject to expropriation and or/theft. Hackers or other malicious groups or organizations may attempt to interfere with the token smart contract which creates the Tokens 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, because the Ethereum Project rests on open-source software, there is the risk that Ethereum smart contracts may contain intentional or unintentional bugs or weaknesses that may negatively affect the Tokens or result in the loss of Tokens, the loss of ability to access or control the Tokens. In the event of such a software bug or weakness, there may be no remedy, and holders of the Tokens are not guaranteed any remedy, refund, or compensation.
  3. Attacks on Token Smart Contract. The blockchain used for the token smart contract which creates the Tokens is susceptible to mining attacks, including double-spend attacks, majority mining power attacks, "selfish-mining" attacks, and race condition attacks. Any successful attacks present a risk to the token smart contract, expected proper execution and sequencing of the Token transactions, and expected proper execution and sequencing of contract computations.
  4. Failure to Map a Public Key to Purchaser’s Account. Failure of a purchaser of the Tokens to map a public key to such purchaser's account may result in third parties being unable to recognize the purchaser's Token balance on the Ethereum blockchain when and if they configure the initial balances of a new blockchain-based upon the Project.
  5. Risk of Incompatible Wallet Service. The wallet or wallet service provider used for the acquisition and storage of the Tokens has to be technically compatible with the Tokens. The failure to assure this may have the result that the purchaser of the Tokens will not gain access to his Tokens.
  6. Risks of Theft of the Funds Raised in the Token Sale. The Company will make every effort to ensure that the funds received from the Token Sale will be securely held through the implementation of security measures. Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the Website, in the smart contract(s), on 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. In such an event, even if the Token Sale is completed, the Company may not be able to receive the cryptocurrencies raised and to use such funds for the development of the Project and/or for launching any future business line. In such a case, the launch of the Project might be temporarily or permanently curtailed. As such, distributed Tokens may hold little worth or value, and this would impact its trading price.

5. Risks relating to company

  1. Risks relating to Ineffective Management. The Company may be materially and adversely affected if they fail to effectively manage their operations as their business develops and evolves, which would have a direct impact on the Company's ability to maintain the Project and/or launch any future business lines.
  2. Risks Related to Highly Competitive Environment. The financial technology and cryptocurrency industries and the markets in which the Company competes are highly competitive and have grown rapidly over the past years and continue to evolve in response to new technological advances, changing business models, and other factors. As a result of this constantly changing environment, the Company may face operational difficulties in adjusting to the changes, and the sustainability of the Company will depend on its ability to manage its operations and ensure that it hires qualified and competent employees, and provides proper training for its personnel. As its business evolves, the Company must also expand and adapt its operational infrastructure. The Company cannot give any assurance that the Company will be able to compete successfully.
  3. Risks Relating to General Global Market and Economic Conditions. Challenging economic conditions worldwide have from time to time may continue to contribute to slowdowns in the information technology industry at large. Weakness in the economy could have a negative effect on the Company's business, operations, and financial condition, including decreases in revenue and operating cash flows, and inability to attract future equity and/or debt financing on commercially reasonable terms. Additionally, in a down-cycle economic environment, the Company may experience the negative effects of a slowdown in trading and usage of the Project.
  4. Risks of Non-Protection of Intellectual Property Rights. The Company relies on patents and trademarks and unpatented proprietary know-how and trade secrets and employs commercially reasonable methods, including confidentiality agreements with employees and consultants, to protect know-how and trade secrets. However, these methods may not afford complete protection and the Company cannot give any assurance that third parties will not independently develop the know-how and trade secrets or develop better production methods than the Company.
  5. Risks of Infringement Claims. The competitors of the Company, other entities, and individuals, may own or claim to own intellectual property relating to products and solutions of the Company. Third parties may claim that products and solutions and underlying technology of the Company infringe or violate their intellectual property rights. The Company may be unaware of the intellectual property rights that others may claim cover some or all of the products or technology of the Company.

6. Risks relating to project development

  1. Risk Related to Reliance on Third Parties. Even if completed, the Project will rely, in whole or partly, on third parties to adopt and implement it and to continue to develop, supply, and otherwise support it. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, or otherwise meet anyone's needs, all of which might have a material adverse effect on the Project.
  2. Dependence of Project on Senior Management Team. The ability of the senior management team, which is responsible for maintaining the competitive position of the Project, is dependent to a large degree on the services of each member of that team. The loss or diminution in the services of members of the respective senior management team or an inability to attract, retain and maintain additional senior management personnel could have a material adverse effect on the Project. Competition for personnel with relevant expertise is intense due to the small number of qualified individuals, and this situation seriously affects the ability to retain its existing senior management and attract additional qualified senior management personnel, which could have a significant adverse impact on the Project.
  3. Dependence of Project on Various Factors. The development of the Project may be abandoned for a number of reasons, including lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel.
  4. Lack of Interest in the Project. Even if the Project is finished and adopted and launched, the ongoing success of the Project relies on the interest and participation of third parties like developers. There can be no assurance or guarantee that there will be sufficient interest or participation in the Project.
  5. Changes to the Project. The Project is still under development and may undergo significant changes over time. Although the project management team intends for the Project to have the features and specifications set forth in the White Paper, changes to such features and specifications can be made for any number of reasons, any of which may mean that the Project does not meet expectations of the holder of the Tokens.
  6. Ability to Introduce New Technologies. The blockchain technologies industry is characterized by rapid technological change and the frequent introduction of new products, product enhancements, and new distribution methods, each of which can decrease demand for current solutions or render them obsolete.
  7. Risk Associated with Other Applications. The Project may give rise to other, alternative projects, promoted by unaffiliated third parties, under which the Token will have no intrinsic value.
  8. Risk of an Unfavorable Fluctuation of Cryptocurrency Value. The proceeds of the sale of the Tokens will be denominated in cryptocurrency and may be converted into other cryptographic and fiat currencies. If the value of cryptocurrencies fluctuates unfavorably during or after the Token sale, the project management team may not be able to fund development, or may not be able to develop or maintain the Project in the manner that it intended.
  9. Risk of Dissolution of Company or Project. It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of Ethereum, Bitcoin, or other cryptographic and fiat currencies, decrease in the Tokens utility due to negative adoption of the Project, the failure of commercial relationships, or intellectual property ownership challenges, the Project may no longer be viable to operate and the Company may dissolve.
  10. Further token sales and development and sale of additional Tokens. The Company may, from time to time, and without prior notice or consultation, sell additional Tokens outside of the token sale. Further, the Company may develop or otherwise raise funding for Project through any other means it deems necessary. You will not necessarily receive notice of the sale of additional Tokens or any other Tokens or fundraising means.

7. Risks arising in course of company business

  1. Risk of Conflicts of Interest. The Company may be engaged in transactions with related parties, including respective majority shareholder, companies controlled by him or in which he owns an interest, and other affiliates, and may continue to do so in the future. Conflicts of interest may arise between any Company affiliates and Company, potentially resulting in the conclusion of transactions on terms not determined by market forces.
  2. Risks Related to Invalidation of Company Transactions. The Company has taken a variety of actions relating to its business that, if successfully challenged for not complying with applicable legal requirements, could be invalidated or could result in the imposition of liabilities on the Company. Since applicable legislation may subject to many different interpretations, Company may not be able to successfully defend any challenge brought against such transactions, and the invalidation of any such transactions or imposition of any such liability may, individually or in the aggregate, have a material adverse effect on the Project.
  3. Risk Arising from Emerging Markets. The Company may operate in emerging markets. Emerging markets are subject to greater risks than more developed markets, including significant legal, economic and political risks. Emerging economies are subject to rapid change and that the information set out in the White Paper may become outdated relatively quickly.

8. Governmental risks

  1. Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets, and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations, and/or rules that will affect cryptographic tokens, digital assets, blockchain technology, and its applications. Such changes could negatively impact the tokens in various ways, including, for example, through a determination that the tokens are regulated financial instruments that require registration. The Company may cease the distribution of the Tokens, the development of the Project or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.
  2. Failure to Obtain, Maintain or Renew Licenses and Permits. Although as of the date of starting of the Token sale there are no statutory requirements obliging the Company to receive any licenses and permits necessary for carrying out its activity, there is the risk that such statutory requirements may be adopted in the future and may relate to Company. In this case, Company’s business will depend on the continuing validity of such licenses and permits and its compliance with their terms. Regulatory authorities will exercise considerable discretion in the timing of license issuance and renewal and the monitoring of licensees’ compliance with license terms. Requirements which may be imposed by these authorities and which may require Company to comply with numerous standards, recruit qualified personnel, maintain necessary technical equipment and quality control systems, monitor our operations, maintain appropriate filings and, upon request, submit appropriate information to the licensing authorities, may be costly and time-consuming and may result in delays in the commencement or continuation of operation of the Project. Further, private individuals and the public at large possess rights to comment on and otherwise engage in the licensing process, including through intervention in courts and political pressure. Accordingly, the licenses Company may need may not be issued or renewed, or if issued or renewed, may not be issued or renewed in a timely fashion, or may involve requirements that restrict Company's ability to conduct its operations or to do so profitably.
  3. Risk of Government Action. The industry in which Company operates is new and may be subject to heightened oversight and scrutiny, including investigations or enforcement actions. There can be no assurance that governmental authorities will not examine the operations of Company’s and/or pursue enforcement actions against them. All of this may subject Company to judgments, settlements, fines, or penalties, or cause Company to restructure its operations and activities or to cease offering certain products or services, all of which could harm the Company's reputation or lead to higher operational costs, which may, in turn, have a material adverse effect on the Tokens and/or the development of the Project.
  4. Risk of Burdensomeness of Applicable Laws, Regulations, and Standards. Failure to comply with existing laws and regulations or the findings of government inspections, or increased governmental regulation of the Company’s operations, could result in substantial additional compliance costs or various sanctions, which could materially adversely affect Company’s business and the Project. The company’s operations and properties are subject to regulation by various government entities and agencies, in connection with ongoing compliance with existing laws, regulations, and standards. Regulatory authorities exercise considerable discretion in matters of enforcement and interpretation of applicable laws, regulations, and standards. Respective authorities have the right to, and frequently do, conduct periodic inspections of the Company's operations and properties throughout the year. Any such future inspections may conclude that Company has violated laws, decrees, or regulations, and it may be unable to refute such conclusions or remedy the violations. Any Company’s failure to comply with existing laws and regulations or the findings of government inspections may result in the imposition of fines or penalties or more severe sanctions or in requirements that Company ceases certain of its business activities, or in criminal and administrative penalties applicable to respective officers. Any such decisions, requirements or sanctions, or any increase in governmental regulation of respective operations, could increase Company's costs and materially adversely affect Company’s business and the Project.

9. Unanticipated risks

  1. Blockchain technologies and cryptographic tokens such as the Tokens are relatively new and dynamic technology. In addition to the risks included above, there are other risks associated with your purchase, holding, and use of the Tokens, including those that the Company cannot anticipate. Such risks may further appear as unanticipated variations or combinations of the risks discussed above.

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