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Disclaimer & Statement of Risk Factors

 

1.1. This Website and the downloadable Whitepaper does not constitute a solicitation or an offer to acquire, maintain, sell or buy any security, capital markets product, commodity, investment product, or financial instrument. Krown Tokens are not securities in Krown Fund, nor do they convey any ownership or any voting rights in relation to any of Krown affiliates or any of its products.

1.2. This Website and the downloadable Whitepaper should not be relied upon for decisions relating to the purchase or sale of Krown Tokens, nor does it constitute financial, trading, or investment advice or recommendations by Krown, its affiliates, officers, directors, managers, employees, agents, advisors, or consultants.

1.3. Any statements of the regulatory position of Krown Token are subject to change, whether due to changes in law, in the opinions of relevant regulators, or because jurisdictions choose to apply existing regulations on, or introduce new regulations addressing inter alia blockchain technology, which affect Krown Token.

1.4. Krown Tokens represent the value in the Krown Fund. Krown Tokens do not grant the holder any direct or indirect, legal or beneficial interests in any such Krown Fund investment. The methodology described on this Website and downloadable Whitepaper to determine the number of Krown Tokens issued in relation to the Value of of the Krown Fund and or the number of Krown Fund shares issued.

1.5. No warranties or representations are made to the reader or recipient of this website and downloadable Whitepaper or its advisers, or to any holders, purchasers or sellers of Krown Tokens. Krown Tokens, as envisaged on this Website and downloadable Whitepaper, are under development and are being constantly updated. Future developments may affect the functionality of Krown Tokens, such that they differ from the description set out on this Website and downloadable Whitepaper. No representation or warranty is given as to the achievement or reasonableness of any plans, future projections, or prospects. To the fullest extent possible, all liability for any loss or damage arising from any person acting on any information and opinions contained on this Website and the downloadable Whitepaper is disclaimed.

1.6. References on this Website and downloadable Whitepaper pertaining to specific networks, companies, and/or use cases are for illustrative purposes only. The use of any network or company name does not imply any endorsement of/by, and/or affiliation with the said parties.

1.7. All graphics included on this Website and downloadable white-paper are for illustrative purposes only, and do not constitute actual pricing information.

1.8. Purchasing Krown Tokens involves substantial risk which may lead to a loss of capital. In the event that any party would like to purchase such tokens, the said party should take into account the risks, including those listed in any other documentation. The purchaser should not purchase the tokens for speculative or investment purposes, and should only do so if they fully understand the nature of the tokens and accept the risks inherent to them.

You should not transact in the Krown Tokens if you are not familiar with this Krown Tokens. Transacting in Krown Tokens may not be suitable for you if you are not familiar with the technology that Krown Tokens services are provided.

1.9. You should be aware that the value of Krown Tokens may fluctuate greatly. You should buy Krown Tokens only if you are prepared to accept the risk of losing all of the money you put into such tokens. Krown Token holders have no rights to require the issuer to redeem their tokens at any value or at any time. The value of the token will fluctuate, perhaps significantly over short periods of time, in accordance to various market forces and parameters, technical advancements, and economic and political factors, and is not guaranteed by The Krown and its affiliates in any way.

1.10. Any party who wishes to purchase and/or hold Krown Tokens must ensure that appropriate precautions are taken to secure their funds. As with other technological solutions, Krown Tokens may be a prime target subject to exploitation, expropriation and/or theft. Hackers or other malicious groups or organizations may attempt to interfere with our systems in various ways, including malware, consensus, sybil, phishing, smurfing, and/or denial-of-service (DDoS) attacks. There may also be attempts to remove the party’s access or control over their cryptographic functions via spoofing and smurfing hacks. Should such an event occur, Krown Ltd and its affiliates do not guarantee a remedy, and holders of Krown Tokens are not guaranteed any remedy, refund, or compensation.

1.11. Any party who purchases and/or holds Krown Tokens is responsible for their adherence to their local and foreign laws. The Krown and its affiliates shall not be held responsible for any loss or damages in the event that any such parties violate such laws.

1.12. While it is the company’s intention to provide Carbon Offset airdrops of staking rewards as described in this document, the company is not bound to do so and there is no legal right to receive any allocation of future tokens definitively granted to holders of Krown Tokens.

1.13. The tax treatment and accounting of Krown Tokens is uncertain and may vary amongst jurisdictions. Holders of Krown Tokens must seek independent tax advice in connection with Krown Tokens, which may result in adverse tax consequences.

1.14. Cryptographic tokens such as Krown Tokens are a new and relatively untested technology. In addition to the risks noted above, there are other risks associated with Krown Tokens that Krown Ltd and its affiliates cannot anticipate. Such risks may further materialize as unanticipated variations or combi- nations of the risks set out herein.

1.15. Krown Tokens rely on Substrate , which is still in a relatively early development stage and is unproven for this purpose. Any malfunction, flaws, breakdown or abandonment of Substrate may have a material adverse effect on Krown Tokens. Furthermore, developments in cryptographic technologies and techniques or changes in consensus protocol or algorithms could present risks to Krown Tokens. There are a variety of possible cryptographic consensus mechanisms, such as “proof of work” and “proof of stake” which may be used either now or in the future, and risks which may arise if there is any improper implementation of such consensus mechanisms, and unanticipated adverse effects may arise from these such consensus mechanisms.