The FLUID platform is currently in the initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring FLD, holding FLD, and using FLD for participation in the FLUID platform. In the worst scenario, this could lead to the loss of all or part of FLD held. IF YOU DECIDE TO ACQUIRE FLD OR PARTICIPATE IN THE FLUID PLATFORM, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
  • Uncertain Regulations and Enforcement Actions: The regulatory status of the FLUID platform, FLD and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including FLD and/or the FLUID platform. Regulatory actions could negatively impact FLD and/or the FLUID platform in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. After consulting with a wide range of legal advisors to mitigate the legal risks as much as possible, the Company and Distributor have worked with the specialist blockchain department at Jacque Law LLC and obtained a legal opinion on the token distribution, and will be conducting business in accordance with the prevailing market practice.
  • Inadequate disclosure of information: As at the date hereof, the FLUID platform is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this material contains the most current information relating to the FLUID platform, it is not absolutely complete and may still be adjusted and updated by the FLUID Finance team from time to time. The FLUID Finance team has neither the ability nor obligation to keep holders of FLD informed of every detail (including development progress and expected milestones) regarding the project to develop the FLUID platform, hence insufficient information disclosure is inevitable and reasonable.
  • Competitors: Various types of decentralised applications, games and networks are emerging at a rapid rate, and the industry is increasingly competitive. It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying FLD and/or the FLUID platform and attempt to re-create similar facilities. The FLUID platform may be required to compete with these alternative networks, which could negatively impact FLD and/or the FLUID platform.
  • Failure to develop: There is the risk that the development of the FLUID platform will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or FLD, unforeseen technical difficulties, and shortage of development funds for activities.
  • Security weaknesses: Hackers or other malicious groups or organisations may attempt to interfere with FLD and/or the FLUID platform 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, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of FLD and/or the FLUID platform, which could negatively affect FLD and/or the FLUID platform. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to FLD and/or the FLUID platform by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.
  • Other risks: In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in the FLUID platform, as well as acquisition of, holding and use of FLD, including those that the Company or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the FLUID Finance team, as well as understand the overall framework, mission and vision for the FLUID platform prior to participating in the same and/or acquiring FLD.
  • FLD does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will FLD entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. FLD may only be utilised on the FLUID platform, and ownership of FLD carries no rights, express or implied, other than the right to use FLD as a means to enable usage of and interaction within the FLUID platform. The secondary market pricing of FLD is not dependent on the effort of the FLUID Finance team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
Copy link