Notice & Disclaimer
Last updated February 22, 2022
CarbonHive is currently in its initial development stages and there are a variety of unforeseeable risks. You acknowledge and agree that there are numerous risks associated with acquiring and holding NFTs launched by CarbonHive. In the worst scenario, this could lead to the loss of all or part of your funds contributed to acquiring the NFT. IF YOU DECIDE TO ACQUIRE NFTs FROM CARBONHIVE YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
Uncertain Regulations and Enforcement Actions: The regulatory status of blockchain and NFT companies using 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. Regulatory actions could negatively impact CarbonHive in various ways. The Company, (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 legal advisors to mitigate the legal risks as much as possible, the Company will be conducting business in accordance with the prevailing market practice.
Inadequate disclosure of information: As at the date hereof, CarbonHive is still under development and its design concepts, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this greenpaper contains the most current information relating to CarbonHive, it is not absolutely complete and may still be adjusted and updated by the CarbonHive team from time to time. The CarbonHive team has neither the ability nor obligation to keep holders of NFTs informed of every detail (including development progress and expected milestones) regarding the project to develop CarbonHive, hence insufficient information disclosure is inevitable and reasonable.
Failure to develop: There is the risk that the development of CarbonHive 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 CarbonHive, unforeseen technical difficulties, and shortage of development funds for activities.
Security weaknesses: Hackers or other malicious groups or organisations may attempt to interfere with CarbonHive 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 or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of CarbonHive, which could negatively affect CarbonHive. 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 CarbonHive 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 CarbonHive, as well as acquisition of, holding and use of NFTs, including those that the Company 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 their respective affiliates, as well as understand the overall framework, mission and vision for CarbonHive prior to participating in the same and/or acquiring CarbonHive.
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