Disclaimer
Legal Disclaimer and Risk Statement
PLEASE READ THIS DISCLAIMER CAREFULLY PRIOR TO ENGAGING WITH VLAUNCH. IF YOU INTEND TO PURCHASE VPAD AND PARTICIPATE ON THE VLAUNCH PLATFORM, THIS DISCLAIMER APPLIES TO YOU. BY PURCHASING VPAD, YOU REPRESENT AND WARRANT THAT YOU ACCEPT THE FORESEEABLE, UNFORESEEABLE, KNOWN, AND UNKNOWN RISKS ASSOCIATED WITH OUR TOKEN AND PLATFORM. ADDITIONALLY, YOU MAKE THE REPRESENTATIONS AND WARRANTIES LISTED IN SECTION 1 OF THIS DISCLAIMER. IF YOU DO NOT WISH TO MAKE ANY OF THE AFOREMENTIONED REPRESENTATIONS OR WARRANTIES, WE REQUEST THAT YOU DO NOT PURCHASE VPAD OR PARTICIPATE ON VLAUNCH.
By purchasing VPAD and participating on VLaunch, you represent and warrant that:
In purchasing VPAD and participating on VLaunch, you have not relied on: (i) any statement contained in our Whitepaper or Website; (ii) any statement, content, or post made by VLaunch through any social media account or community group; and (iii) any statement made by a representative of VLaunch, including its affiliates, officers, employees, contractors, and other personnel.
You understand that this Whitepaper and any information communicated by VLaunch through any means contains no guarantee of accuracy or completeness. All content shared by VLaunch is for informational purposes only and is not intended for inducing a purchase of VPAD or compelling participation on VLaunch.
You agree that VPAD is not an investment, does not represent a loan to VLaunch, does not confer any shareholder rights to you, does not allow you to participate in any profits, and does not confer any right in the company to you. Additionally, you agree that VPAD is not a currency and cannot be used as a medium of exchange. At best, it is a utility token that allows you to access and use the services offered by VLaunch.
You agree that VPAD and any tokens made available by projects listed on VLaunch (“Project” or “Projects”) are not investments and have no inherent value. Neither VLaunch nor the Projects make any representation, warranty, or guarantee regarding the liquidity, transferability, or availability of their tokens. Any value carried by these tokens may be partially or totally lost at any time.
You have undertaken your own legal analysis, by engaging a qualified legal expert, of whether or not VPAD and the tokens made available through VLaunch (“Tokens”) are securities. You shall not hold VLaunch liable if the securities authority of any jurisdiction determines that VPAD or any Tokens are securities offered without registration.
You have conducted your own analysis, evaluation, and due diligence on VPAD, VLaunch, and the platform’s officers and team members. You agree that it is your obligation to request VLaunch to provide any information which may be necessary for you to conduct due diligence. Vlaunch is not obligated to respond to such request for information and shall exercise its sole discretion in determining whether such information should be supplied.
You are not the resident or citizen of a country or jurisdiction where the purchase, trade, and holding of VPAD or any Tokens may be unlawful, illegal, or subject to penalty of any kind. You have undertaken your own legal analysis, by engaging a qualified legal expert, to determine whether the holding of VPAD or any Tokens is legal in your country or jurisdiction.
You have undertaken your own financial analysis, by engaging a qualified legal or financial expert, to determine whether there are any taxes applicable to your purchase of VPAD or any Tokens, and you alone shall be responsible for the payment of such taxes.
You have relevant experience in the field of cryptocurrency, blockchain, finance, and trading which enables you to understand the risks, dangers, and hazards associated with any purchase of VPAD or any Tokens. You agree that it is not the duty of VLaunch to apprise you of every financial, technical, regulatory, or other risk that might be associated with VLaunch or VPAD.
If you suffer any financial losses as a result of any purchase of VPAD or any transaction with any Project, you may not have any suitable legal, technical, or other remedy to recover your money. You will not hold VLaunch liable for any losses stemming from any foreseeable, unforeseeable, known, or unknown risks associated with VLaunch, VPAD, or other Tokens.
Certain risks associated with VLaunch, VPAD, and other Tokens made available through the platform are listed hereinafter. These are only some of the risks that you explicitly take on. There may be other risks that are foreseeable, unforeseeable, known, or unknown which have not been listed in this risk statement. YOU AGREE THAT YOU WILLINGLY ACCEPT AND TAKE ON SUCH RISKS, THAT YOU SHALL INDEPENDENTLY UNDERSTAND AND EVALUATE THE RISKS ASSOCIATED WITH VLAUNCH, AND THAT YOU WILL NOT HOLD VLAUNCH LIABLE IF YOU SUFFER ANY LOSSES AS A RESULT OF SUCH RISKS.
Risk of Loss. Given the dynamic, unpredictable, and swiftly changing nature of the blockchain, cryptocurrency, and digital asset industry, the VLaunch Platform, VPAD, or other Tokens may lose their value, partially or totally at any point in time. The Vlaunch platform is in its initial stages of development and, therefore, faces heightened risks, including market illiquidity, regulatory, talent related, and technical risks.
Market Risk. The digital assets market is highly volatile in nature and is subject to a large variety of known and unknown social, psychological, political, and economic factors. VPAD and other Tokens may or may not be susceptible to economic factors, such as inflation, interest rates, unemployment, central bank policies, and government policies. A market downturn may occur without warning, leading to partial or total loss of any value exchanged to purchase VPAD or other Tokens.
Illiquidity Risk. VLaunch does not guarantee that VPAD or other Tokens will sustain their demand, be liquid and tradeable, or have a market. The liquidity of VPAD and other Tokens depends on numerous factors, many of which are not in the control of Vlaunch.
Regulatory Risk. Regulation pertaining to the digital assets and cryptocurrency space is constantly evolving, with many countries across the world enacting new laws to increase their control over the digital assets market. A change in regulation may make it infeasible, risky, or illegal for VLaunch to offer VPAD, for you to hold VPAD, or for you to engage with any services offered by VLaunch.
Risks Associated with Financial Securities Law. The laws of many countries recognize certain types of tokens and digital assets as financial securities which cannot be sold without prior registration with the securities authority of the jurisdiction wherein the token or digital asset is made available for sale. If such tokens or digital assets are sold in a country which requires the offering to be registered, the offeror may be subject to significant penalties, including fines and imprisonment. According to VLaunch, VPAD and the Tokens offered through VLaunch are not securities. However, the analysis of a securities authority may differ from that of VLaunch, in which case the market for VPAD and other Tokens will be frozen.
Information Risk. VLaunch has made considerable effort to make every aspect of its business transparent and to disclose all relevant information to concerned parties. However, since VLaunch is still under development, there may be pertinent information concerning technical and non-technical aspects of the business, such as product development, design, source code, captialization, business strategy, and marketing strategy, that has not been provided. VLaunch does not have the obligation to keep concerned parties informed of every development taking place within the project. As a result, we require that all parties conduct their own due diligence prior to engaging with VLaunch.
Talent Risk. The development of VPAD and VLaunch is dependent on the continuing cooperation of its officers, team members, experts, and other personnel. Any loss of such personnel may irreversibly and permanently hamper the development of Vlaunch and its commercial viability. As with any business, there is the possibility and risk that internal conflict between team members will jeopardise the project.
Technical Risk. VLaunch does not make any representation, warranty, or guarantee that the Vlaunch itself and any projects listed on the platform are free of cybersecurity vulnerabilities or risks. The Vlaunch platform and projects listed on it may be vulnerable to certain types of security vulnerabilities and cybersecurity attacks such as malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, or spoofing. These vulnerabilities may significantly impact the value of VPAD or other Tokens. Furthermore, advances in technology, cryptography, and computing may present unknown risks to VPAD and any token listed on Vlaunch.
Risk of False Information. VLaunch relies on the information provided by projects seeking to list on the platform to determine whether they should be onboarded. While Vlaunch expends significant effort in ensuring that all listed projects are adequately and thoroughly vetted through the help of legal, technical, financial, and blockchain experts, there is the risk that the information provided by the listed project is false or fraudulent.
Last updated