Kinesis Silver 백서 전문

guarantee that Tokens will hold any particular value. Tokens are provided on an ‘as is’ basis The Tokens are provided on an “as is” basis. The Associated Parties and each of their respective directors, officers, employees, shareholders, affiliates and licensors make no representations or warranties of any kind, whether express, implied, statutory or otherwise regarding the Tokens, including any warranty that the Tokens and the Kinesis Platform will be uninterrupted, error-free Privavcy Policy | Terms of Use | SAFT Back to Contents ↑ 25 or free of harmful components, secure or not otherwise lost or damaged. Except to the extent prohibited by applicable law, the Associated Parties and each of their respective directors, officers, employees, shareholders, affiliates and licensors disclaim all warranties, including any implied warranties of merchantability, satisfactory quality, fitness for a particular purpose, non- infringement, or quiet enjoyment, and any warranties arising out of any course of dealings, usage or trade. Tokens may have no value The Tokens may have no value and there is no guarantee or representation of liquidity for 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 Tokens through third parties or otherwise. Company may not successfully launch the Kinesis Platform The Company may not successfully develop, market and launch the Kinesis Platform and you may not receive Kinesis Tokens. The Kinesis Platform has not yet been fully developed by the Company and it will require significant capital funding, expertise of the Company’s management, time and effort in order to develop and successfully launch the Kinesis Platform in its entirety. It is possible that the Kinesis Tokens and/or the Kinesis Platform may never be released, that there may never be an operational Kinesis Token. Even if fully developed, the Kinesis Token and/or the Kinesis Platform may not meet your current expectations. Despite the Company’s efforts to develop and launch the Kinesis Platform and subsequently to further develop and maintain it, it is possible that the Kinesis Platform will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Kinesis Platform and the Kinesis Tokens. Lack of development of market of Tokens There are no warranties that Tokens will be listed or made available for exchange for other cryptocurrency and/or fiat money. It shall be explicitly cautioned that if Tokens are made available on an exchange, such exchange, if any, may not be subject to regulatory oversight, and the Company does not give any warranties in relation to any exchange services providers. Because there has been no prior public trading market for Tokens, the Token Launch may not result in an active or liquid market for Tokens, and the price of Tokens may be volatile. Token holders may not be able to dispose of Tokens easily and where no secondary market develops, a Token holder may not be able to liquidate at all. Proposed transfers of the Tokens may be blocked by the Company in circumstances where the proposed transferee has not already completed the Company’s KYC and AML procedures (including, without limitation, verification of identity and source of funds) to its satisfaction. Purchasers should be aware of the restrictions on their subsequent sale. The viability of the Kinesis Platform and the usability of the Tokens depends on the establishment of partnerships with merchants, retailers, dApp stores etc. Accordingly, if there is a low or limited development of such partnerships, the Tokens may be unusable and become worthless with the entire amount contributed by a Purchaser being at risk. Highly Competitive Environment Financial and operating risks confronting start-ups are significant, and the Company is not immune to these. The start-up market in which the Company competes is highly competitive and the percentage of companies that survive and prosper is small. Start- ups often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved. In addition, start-ups may require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. Risks relating to highly speculative prices The valuation of cryptocurrency in a secondary market is usually not transparent, and highly speculative. The Tokens do not hold any ownership rights to the Company’s assets and, therefore, are not backed by any tangible asset. The value of Tokens in the secondary market, if any, may fluctuate greatly within a short period of time. There is a high risk that a Purchaser could lose its entire contribution amount. In the worst-case scenario, Tokens could be rendered worthless. Delays due to unforeseen, technical, administrative or security issues The Company reserves the right to change the duration of the pre-ITO and the subsequent ITO as explained in the Blueprint for any reason, including without limitation, bugs in the Kinesis Smart Contract, Kinesis Software or the Kinesis Platform and/or the unavailability of the Website or other unforeseen, technical, administrative or security issues. Expropriation and/or Theft The Tokens may be subject to expropriation and or/theft. Hackers or other malicious groups or organizations may attempt to interfere with the Kinesis Smart Contract, this Whitepaper 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. Force Majeure The Token Launch and the performance of the Company’s activities set out in this whitepaper and the development roadmap may be interrupted, suspended or delayed due to force majeure circumstances. For the purposes of this whitepaper, “force majeure” shall mean extraordinary events and circumstances which could not be prevented by the Company and shall include: changes in market forces or the technology, acts of nature, wars, armed conflicts, mass civil disorders, industrial actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of energy supplies or communication service, acts of municipal, state or federal governmental agencies, other circumstances beyond the Company’s control, which were not in existence at the time of Token Launch. Alternative Networks It is possible that alternative networks could be established that utilise the same or similar open source code underlying the Kinesis Platform and attempt to facilitate services that are materially similar to those offered on the Kinesis Platform. The Kinesis Platform may compete with these alternative networks, which could negatively impact the Kinesis Platform and the Kinesis Tokens. The Kinesis Tokens are comprised of open-source technologies that depend on a network of computers to run certain software programs to process transactions. Because of this less centralized model, the Company has limited control over the Kinesis Tokens and the Kinesis Platform once launched. In addition, you are not and will not be entitled to, vote or receive dividends or be deemed the holders of capital stock of the Company for any purpose, nor will anything be construed to confer on you any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights or otherwise. Privavcy Policy | Terms of Use | SAFT Back to Contents ↑ 26 Insurance Unlike bank accounts or accounts at financial institutions, Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by the Company to offer recourse to a Purchaser. Regulation and other factors The further development and acceptance of blockchain networks, including the Kinesis Platform, which are part of a new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of blockchain networks and blockchain assets would have an adverse material effect on the successful development and adoption of the Kinesis Platform and the Kinesis Tokens. The growth of the blockchain industry in general, as well as the blockchain networks with which the Kinesis Platform will rely and interact, is subject to a high degree of uncertainty. The factors affecting the further development of the cryptocurrency industry, as well as blockchain networks, include, without limitation: • Worldwide growth in the adoption and use of Bitcoin, Ether and other blockchain technologies; • Government and quasi-government regulation of Bitcoin, Ether and other blockchain assets and their use, or restrictions on or regulation of access to and operation of blockchain networks or similar systems; • The maintenance and development of the open-source software of the Bitcoin or Ethereum networks; • Changes in consumer demographics and public tastes and preferences; • The availability and popularity of other forms or methods of buying and selling goods and services, or trading assets including new means of using fiat currencies or existing networks; • General economic conditions and the regulatory environment relating to cryptocurrencies; or • A decline in the popularity or acceptance of the Bitcoin or Ethereum networks may adversely affect our results of operations. 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 Kinesis Tokens in various ways, including, for example, through a determination that Kinesis Tokens are regulated financial instruments that require registration. The Company may cease the distribution of Kinesis Tokens, the development of the Kinesis Software and/or Kinesis Platform or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so. Abandonment of the Platform You understand that the development of the Kinesis Software and/ or Kinesis Platform may be abandoned for a number of reasons, including, but not limited to, lack of interest from the public, lack of funding, lack of commercial success or prospects, or departure of key personnel, and therefore any ongoing success in the Kinesis Software and/or Kinesis Platform relies solely on the interest and participation of third parties. There can be no assurance or guarantee that there will be sufficient interest or participation in the Kinesis Tokens distribution. Other Risks You understand and accept that the risks described herein and other risks which are not specifically mentioned may cause you damage including, among other things, the complete loss of Funds and/or Kinesis Tokens, and that the Company reserves the right in its sole discretion not to compensate, refund or guarantee any remedy for any damage or loss to you and/or to any third party in relation thereto. Forward Looking Statements All statements, estimates and financial information contained in this whitepaper, made in any press releases or in any place accessible by the public and oral statements that may be made by the Company or any Associated Party that are not statements of historical fact, constitute “forward-looking statements”. Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are not the exclusive means of identifying forward- looking statements. All statements regarding the Company’s financial position, business strategies, plans and prospects and the future prospects of the industry which the Company or the Kinesis Platform is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to the Company’s or the Kinesis Platform’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this whitepaper regarding the Company or the Kinesis Platform are matters that are not historic facts, but only predictions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results, performance or achievements to differ materially from the estimates or the results implied or expressed in such forward-looking statements. These factors include, amongst others: • changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which the Company and the Kinesis Platform conducts their respective businesses and operations; • the risk that the Company or the Kinesis Platform may be unable to execute or implement its or their business strategies and future plans; • changes in interest rates and exchange rates of fiat currencies and cryptocurrencies; • changes in the anticipated growth strategies and expected internal growth of the Company or the Kinesis Platform; • changes in the availability and fees payable to the Company in connection with its respective businesses and operations and/ or the Kinesis Platform; • changes in the availability and salaries of employees who are required by the Company to operate the respective businesses and operations and/or the Kinesis Platform; • changes in preferences of the customers of the Company or the Kinesis Platform; • changes in competitive conditions under which the Company or the Kinesis Platform operates, and the ability of the Company or the Kinesis Platform to compete under such conditions; • changes in the future capital needs of the Company or the Kinesis Platform and the availability of financing and capital to fund such needs; • war or acts of international or domestic terrorism; • occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of the Company and/or the Kinesis Platform; • other factors beyond the control of the Company; and • any risks or uncertainties associated with the Company and its business and operations, the Tokens, the Token Launch, the Kinesis Platform and the underlying assets (each as referred to in this whitepaper). Privavcy Policy | Terms of Use | SAFT Back to Contents ↑ 27 KINESIS CAYMAN COMPANY NO: 338455 Address: C/O Stuarts Corporate Services, 36A Dr. Roy’s Drive, Grand Cayman, Cayman Islands, KY1-1104 Brisbane, Australia Address: Level 3, 10 Market Street, Brisbane, QLD, 4000 Phone: +61 (0) 7 3211 3863 Hong Kong Address: 1006, 12/F, BOC Group Life Assurance Tower 134-136 Des Voeux Road Central, Hong Kong Phone: +852 3956 7193 | Fax: +852 3956 7193 sales@kinesis.money | www.kinesis.money