Metadium 백서 전문

to how the META Tokens will be classified, and each purchaser will bear all consequences of the META Tokens being considered securities in their respective jurisdictions, and bear the responsibility of the legality, use and transfer of the Tokens in the relevant jurisdictions. (b) Further, the tax treatment of the acquisition or disposal of such cryptocurrency or cryptographic assets might depend on whether they are classified as securities, assets, currency or otherwise. As the tax characterisation of the META Tokens remains indeterminate, you must seek your own tax advice in connection with the purchase of the META Tokens, which may result in adverse tax consequences or tax reporting requirements for you. 1.5.10 Impact of access and ownership of META tokens due to loss or breach of information related to buyer wallets and Metadium platform IDs There is a risk that you may lose access to and possession of the META Tokens permanently due to loss of unique personal ID created in the Metadium platform, the Metadium platform ID, and other identification information, loss of requisite private key(s) associated with the Purchaser Wallet or vault storing the META Tokens or any other kind of custodial or purchaser errors. 1.5.11 Transaction delays and losses due to blockchain congestion Most blockchains used for cryptocurrency transactions (e.g. Ethereum) 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. This may result in a situation where block producers may not include your purchase of the META Tokens when you intend to transact, or your transaction may not be included at all. Privacy and data retention issues 1.5.12 Risks of collecting personal information As part of the Restricted Public Sale, the verification processes and the subsequent operation of the Metadium platform, Metadium may collect personal information from you. The collection of such information is subject to applicable laws and regulations. All information collected will be used for purposes of the Restricted Public Sale and operations of the Metadium platform, thus it may be transferred to contractors, service providers and consultants worldwide as appointed by Metadium. Apart from external compromises, Metadium and its appointed entities may also suffer from internal security breaches whereby their employees may misappropriate, misplace or lose personal information of purchasers. Metadium may be required to expend significant financial resources to alleviate problems caused by any breaches or losses, settle fines and resolve inquiries from regulatory or government authorities. Any information breaches or losses will also damage Metadium’s reputations, thereby harming its long-term prospects. Macro Risks 1.5.13 Impact of global market and economic conditions (a) Metadium and its Affiliates could be affected by general global economic and market conditions. Challenging economic conditions worldwide have from time to time, contributed, and may continue to contribute, to slowdowns in the information technology industry at large. Weakness in the economy may have a negative effect on Metadium and its Affiliates’ business strategies, results of operations and prospects. (b) Suppliers on which Metadium platform relies for servers, bandwidth, location and other services could also be negatively impacted by economic conditions that, in turn, could have a negative impact on Metadium and its Affiliates’ operations or expenses. Additionally, in a down-cycle economic environment, Metadium and its Affiliates may experience the negative effects of a slowdown in commerce and usage of the Metadium platform, whereby there is less activity or usage by merchants and consumers purchasing or selling goods and services, and advertisers in terms of processing data and targeting consumers. (c) There can be no assurance, therefore, that current economic conditions or worsening economic conditions or a prolonged or recurring recession will not have a significant adverse impact on Metadium and its Affiliates’ business strategies, results of operations and prospects and hence the Metadium platform, which may in turn impact the value of the META Tokens. 1.5.14 Blockchain regulation uncertainty (a) Regulation of the META Tokens, the offer and sale of META Tokens, cryptocurrencies, blockchain technologies, and cryptocurrency exchanges is currently undeveloped or underdeveloped and likely to rapidly evolve. Such regulation also varies significantly among different jurisdictions, and is hence subject to significant uncertainty. The various legislative and executive bodies in different jurisdictions may in the future adopt laws, regulations, guidance, or other actions, which may severely impact the development and growth of the Metadium Platform, the adoption and utility of the META Tokens or the issue, offer, and sale of the META Tokens by Metadium. Failure by Metadium and its Affiliates or users of the Metadium Platform and the Services to comply with any laws, rules and regulations, some of which may not exist yet or are subject to interpretation and may be subject to change, could result in a variety of adverse consequences against Metadium and its Affiliates, including civil penalties and fines. (b) Blockchain networks also face an uncertain regulatory landscape in many foreign jurisdictions. Various jurisdictions may, in the near future, adopt laws, regulations or directives that affect the Metadium platform, and therefore, the value of the META Tokens. Such laws, regulations or directives may directly and negatively impact the operations of Metadium and its Affiliates. The effect of any future regulatory change is impossible to predict, but such change could be substantial and could materially adverse to the development and growth of the Metadium Platform and the adoption and utility of the META Tokens. (c) To the extent that Metadium and its Affiliates may be required to obtain licences, permits and/or approvals (collectively, the “Regulatory Approvals”) to carry out its business, including that of the creation of the META Tokens and the development and operation of the Metadium platform, but are unable to obtain such Regulatory Approvals or if such Regulatory Approvals are not renewed or revoked for whatever reason by the relevant authorities, the business of Metadium and its Affiliates may be adversely affected. (d) There is no assurance that more stringent requirements will not be imposed upon Metadium and its Affiliates by the relevant authorities in the future, or that Metadium and its Affiliates will be able to adapt in a timely manner to changing regulatory requirements. These additional or more stringent regulations may restrict Metadium and its Affiliates’ ability to operate its business and Metadium and its Affiliates may face actions for noncompliance if it fails to comply with any of such requirements. (e) Further, should the costs (financial or otherwise) of complying with such newly implemented regulations exceed a certain threshold, maintaining the Metadium platform may no longer be commercially viable and Metadium and its Affiliates may opt to discontinue the Metadium platform and/or the META Tokens. Further, it is difficult to predict how or whether governments or regulatory authorities may implement any changes to laws and regulations affecting distributed ledger technology and its applications, including the Metadium platform and the META Tokens. Metadium and its Affiliates may also have to cease operations in a jurisdiction that makes it illegal to operate in such jurisdiction, or make it commercially unviable or undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. In scenarios such as the foregoing, the distributed META Tokens may hold little or no worth or value. 1.5.15 Unexpected risks (a) The sale of the META Tokens and the performance of Metadium, its Affiliates and/or the Metadium platform’s activities may be interrupted, suspended or delayed due to acts of God, natural disasters, wars, terrorist attacks, riots, civil commotions, widespread communicable diseases and other events beyond the control of Metadium and its Affiliates. Such events could also lead to uncertainty in the economic outlook of global markets and there is no assurance that such markets will not be affected, or that recovery from the global financial crisis would continue. In such events, Metadium and its Affiliates’ business strategies, results of operations and outlook may be materially and adversely affected, and the demand for and use of the META Tokens, the Metadium platform and the Services may be materially affected. Further, if an outbreak of such infectious or communicable diseases occurs in any of the countries in which Metadium, its Affiliates, and the participants of the Metadium platform have operations in the future, market sentiment could be adversely affected and this may have a negative impact on the Metadium platform and its community. (b) Blockchain and cryptocurrencies, including the META Tokens are a relatively new and dynamic technology. In addition to the risks highlighted herein, there are other risks associated with your purchase of, holding and use of the META Tokens, including those that we cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the risks discussed herein. 1.6 Can’t edit documents No person has been or is authorised to give any information or representation not contained in this Whitepaper in connection with the META Token, Metadium or its Affiliates and their respective businesses and operations, and, if given. 1.7 Can’t provide advice No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding the META Token, Metadium or its Affiliates. You should consult your own legal, financial, tax or other professional advisor(s) regarding the META Token, Metadium or its Affiliates and their respective businesses and operations. You should be aware that you may be required to bear the financial risk of any purchase of META Tokens for an indefinite period of time. 1 Summary Metadium has made various efforts to implement Self-Sovereign identity since the launch of the mainnet. It started with establishing a blockchain-based ID system and has since been working to transcend the centralized identity authentication issues of public institutions and general enterprises by making this solution applicable in various fields. Furthermore, it has transformed the ID system into a decentralized ID-optimized blockchain to be smoothly utilized on the blockchain and has continuously supported policies and designs to support self-sovereign identity stably. In Metadium 2.0, new policies and technologies are introduced in line with the changing trends of the times. Metadium aims to create innovative services tailored to the new era by introducing the Token Economy to preserve the Metadium ecosystem, expanding the ecosystem through B2G (Business-to-global) business expansion, and lowering the barriers to entry into the blockchain based on various experiences. Adapting to the rapidly changing trends, Metadium will strive to establish itself as a center of the blockchain industry and continue to create services where blockchain can naturally integrate into more people's lives. 2 Overview In the modern digital age, with the advancement of technology and the increase in various online transactions and services, protecting of users' personal information and digital identity is a significant issue. Methods of proving one's identity, such as real name verification, address verification, account verification, and occupancy verification, are being replaced by non-face-to-face and immediate verification methods. Still, the identity authentication system through large platforms is being accelerated and deepened for convenience. However, the existing centralized identity authentication system has limitations in protecting users' personal information, and new approaches have been required due to security and reliability issues. Recently, identity verification systems have become more specialized or segmented based on individual characteristics, specific situations, or particular locations, extending from general commerce to public services. Furthermore, blockchain-based ID technologies are being utilized to issue digital identification documents such as resident registration cards and driver's licenses. Moving away from the era of utilizing server-based data, there is a shift towards monetizing data based on identities, creating new added value like NFTs, and participating in the rapidly expanding metaverse, thereby changing the paradigm as rights holders and contributors within ecosystems. However, blockchain-based services have still associated identity authentication with the characteristic of decentralization and have now reached a stage where protection for users who use blockchain-based services is neglected, and the blame is passed on to the users. As these issues continued, various regulations and laws emerged, and services began to create systems for KYC. The Metadium blockchain has been persistently tackling the challenge of connecting identity information between the physical and virtual worlds based on self-sovereign identity principles. It has worked to transform centralized identity authentication systems, which have been subject to issues such as hacking and information leaks. These changes are being utilized in various ways, and the Metadium blockchain continues to strive to support the connection of identity information between the physical and virtual worlds. Metadium uses DID to provide users with a way to directly own and manage their personal data and identity information. This alleviates security and privacy issues that can arise from centralized identity authentication systems and provides users with more control and privacy. Users store their personal information in a distributed blockchain network and protect it safely using blockchain encryption technology and consensus algorithms. Additionally, users can selectively provide necessary information only when desired, thereby minimizing information exposure during the identity verification process. The self-sovereign identity of the Metadium blockchain goes beyond personal identity authentication, including digital identity verification, product identifiers (serial numbers, barcodes, RFID), web (URI, URL), DeFi services, online service access, and personal data management, and is globally unique. As an identifier, it can be used in various fields. This approach breaks down the boundaries between reality and the virtual world and helps users use the digital environment more freely and safely. However, such environments have been confined within a single blockchain ecosystem. Service providers using existing services could feel burdened when integrating blockchain, and existing businesses may need help understanding blockchain technology and concepts, ultimately desiring SDKs to facilitate blockchain adoption. It reflects the constraints arising from the entirely new structure of blockchain operations, such as operating a blockchain directly or the fundamentally different nature of smart contract-based operations compared to traditional services. Metadium's identity verification aims to expand the ecosystem by organically linking with various dApps to apply a more robust identity verification solution to services. The Metadium team's concern has been focused on how to make it easier for existing service providers to adopt blockchain technology. They realized that more than simply providing an SDK is needed. They recognized that providing access to blockchain-based on easy-to-use UI or languages used in web2 could enable immediate use without the need for the blockchain expertise. Metadium has been devising ways to make it easier for service providers to use blockchain-based services such as identity verification. It means providing a form of integration where users can seamlessly use existing services without feeling the barrier of blockchain. It is possible to easily access blockchain even in the existing service ecosystem where it is difficult to break away from the limitations of ID/Password. In that case, applying DID-based identity verification processes could enhance security in real-life identity verification. 3 Vision The vision of the Metadium blockchain Identity Layer is to implement a decentralized self-sovereign identity, revolutionizing the management and authentication of users' digital identities. It provides a system where users can directly own and manage their digital identities, securely protecting their personal information and identity data through the blockchain-based Identity Layer without central authorities or intermediaries. Users can selectively share their information only when necessary. Metadium Blockchain Identity Layer aims to support users to experience safe and effective digital identity authentication in Auth (Authentication), DeFi (Decentralized Finance), and game platforms and to be used in various service fields. The issuance and verification of identities alone by issuers and verifiers needed to be increased to activate the network, and the demand for fee delegation services, a vital network benefit, was also minimal. Given the remarkable expansion of the NFT and DeFi markets, it was deemed that only by properly utilizing the blockchain as infrastructure optimized for virtual assets could the network be activated and the original purpose of the ecosystem preserved. for example, When paying directly after confirming the target (like disaster relief funds) When selling Art NFT When operating mileage (or reward program) for a specific service When using financial products of DeFi services (discounts, surcharges, etc., under certain conditions) Transaction of game items (or NFT, Badge), etc. When submitting identity verification to exchanges and financial institutions Instant transaction activities based on the real economy, such as STO, CBDC, etc. Expanding to all cases where identity is combined with asset utilization is possible. However, rather than pursuing new services in Metadium, providing identity authentication to existing services and joining them would be more practical and immediate. As blockchain develops, damage to virtual assets continues to increase, and accordingly, governments in each country are proposing regulations on blockchain-based services. One of the main points of those regulations is KYC. DID has good conditions for doing KYC on the blockchain. As blockchain-based services are decentralized and transactions are made with anonymity as a guarantee, the damage is directly affecting the users. To resolve this, regulations that guarantee the identity of the transaction organizer are gradually increasing. We have experienced several incidents, such as various malicious attacks and service provider rug pulling, and the movement to use illegal funds for money laundering and terrorist financing is also increasing. Each country applies anti-money laundering (AML) to virtual asset business operators to ‘confirm the source of funds’ and ‘identify the movement path of funds.’ In the case of DeFi, which is the most active transaction service among blockchain-based services, it is often used as a means to increase assets through blockchain by allowing users to invest in specific financial products and earn profits. Since KYC is a necessary element when DeFi services are classified as a virtual asset business, the expansion of DID services is expected to become the basis for these blockchain-based financial transactions. Metadium has accumulated a wealth of understanding of th