The service tokens and nfts (non-fungible tokens) described in this document may be of very high risk, they may even lose their value or liquidity completely or not be redeemable for the described service, in case of failure or interruption of the project. By stadio plus. The tokens and nfts (non-fungible tokens) that may be acquired will not be held in custody by entities legally authorized to provide investment services and the registration technology that is planned to be used (blockchain) is new and may entail significant risks. The issuer of the crypto assets is solely responsible for the content of this white paper on the issuance of tokens.
This has not been reviewed or approved by any authority jurisdiction of any member state of the european union. Risks a token carries various risks implicitly. Below we will mention some of them, there may be others. These risks can result in the complete loss of the tokens, or their value. The holder of the token and nft (non-fungible tokens) assumes and fully understands all the risks involved in a token. In no case, if the token loses value or anything else happens, the token issuer will compensate the token holder in any way. Risks associated with the offer and negotiation liquidity risk: it is possible that the token and nft (non-fungible tokens) in question cannot be included in a secondary market or that there is a lack of liquidity in otc (over the counter) markets. The company is not responsible for the fluctuations that the token in question may suffer in any type of market or that such types of markets allow the token to be listed, which may entail illiquidity risks. Even if the token were to be listed on a third-party platform, those platforms may not have sufficient liquidity or may even face risks of regulatory or compliance changes.
Normative, being therefore susceptible to failure, fall or manipulation. In addition, to the extent that a third-party platform lists the token in question, granting an exchange value to the token or nft (non-fungible tokens) (either in crypto assets or fiduciary money), said value may suffer volatility. As a buyer in this type of assets, you assume all the risks associated with speculation and risks mentioned above. These types of assets are not covered by customer protection mechanisms such as the deposit guarantee fund or the investor guarantee fund. In addition, prices are not constituted by means of mechanisms that ensure their correct training unlike those found in regulated markets. The acceptance of crypto assets as a means of exchange is still very limited and there is no legal obligation to accept them risks associated with the execution of the project and/or the issuer forward-looking information risk: certain information contained in this document is forward-looking, including financial projections and business growth projections. Such forward-looking information is based on what the issuers management believes to be reasonable assumptions, and there can be no assurance that the results are actual. Future events could differ materially from those anticipated.
Unanticipated risks: cryptographic tokens are a recently created technology that is in the testing phase. In addition to the risks listed above, there are other risks associated with its acquisition, storage, transmission and use, including some that are difficult to anticipate. Said risks can materialize even more with unforeseen variations or derived from combinations of the aforementioned risks. Regulatory risk: blockchain technology enables new forms of interaction and it is possible that certain jurisdictions will apply existing regulations or introduce new regulations that address applications based on blockchain technology, which may be contrary to the current configuration of smart contracts and which may , among other things, lead to substantial modifications in them, including their termination and the loss of tokens for the subscriber. In relation to the service provider or the issuer, if it is not located in a country of the european union, the resolution of any conflict could be costly and fall outside the scope of competence of the spanish authorities. Risk of failure or abandonment of the project: the development of the project proposed by the issuer in this document may be impeded and ceased for different reasons, including lack of interest on the part of the market, lack of financing, lack of commercial success or prospects ( for example, caused by competing projects). This issuance of tokens does not guarantee that the objectives set out in this document will be fully or partially developed.
Risk of competing companies: it is possible that other companies could provide services similar to that of the company. The company could compete with said other companies, which could have a negative impact on the services provided by it. Risks associated with tokens and nfts (non-fungible tokens) and the technology used high-risk product: this type of product has a high implicit risk. The value of the tokens can experience variations up and down and a subscriber may not recover the price initially paid. There may also be changes in tax rates and/or possible relief. The aforementioned tax impositions and deductions always refer to those in force and their value will depend on the circumstances of each subscriber. Participation in this type of project must always be done taking into account all the information provided by the issuer.
Software risk: the computer code (smart contract) by which the referred tokens are traded are based on the ethereum protocol or on which it is decided to issue the token as established in the whitepaper. Any malfunction, crash or abandonment of the ethereum project or chosen network where the token is developed can have adverse effects on the operation of the tokens in question. On the other hand, technological advances in general and in cryptography in particular, such as the development of quantum computing, can bring with them risks that lead to the malfunction of these tokens. Smart contracts and software in they are based on are at an early stage of development. There is no guarantee or way of ensuring that the issuance of tokens and their subsequent commercialization can be interrupted or that they suffer from any other type of error, so there is an inherent risk of defects, failures and vulnerabilities that may lead to the loss of contributed funds or obtained tokens. There is a risk of attacks by hackers or computer hackers on the technological infrastructure used by the issuer and on essential networks and technologies.
As a result, the issuer may be partially, temporarily or even permanently prevented from carrying out its business activities. In the case of proof-of-work consensus mechanisms in ethereum, it could be the case that someone could control more than 50% of the computational power of the blockchain miners in a so-called 51% attack, and therefore therefore, it takes control of the network (the block chain). Using more than 50% of the mining power (hashing power), the attacker will always represent the majority, which means that he can impose his version of the blockchain. In principle, this is also possible with less than 51% mining power. Once the attacker has gained control of the network, he could reverse or redirect the transactions he initiated, so it would be possible to double spend (i. E. Make multiple transactions of the same token). The attacker can also block others transactions by refusing confirmation.
There could also be other computer attacks on the ethereum blockchain, the software and/or the hardware used by the issuer. In addition to hacker attacks, there is a risk that the issuers employees or third parties may sabotage the technology systems, which may cause the issuers hardware and/or software systems to fail. This could also have a negative impact on the issuers business activities. Risk of custody / loss of private keys: tokens issued by the issuer can only be subscribed using an ethereum digital wallet from which the token subscriber has their respective private key and password. The private key, as a rule , is usually encrypted by a password. The issuer token acquirer acknowledges, understands and agrees that if your private key or password, of the tokens obtained and associated with your ethereum digital wallet, is lost or stolen, you may lose access to your tokens permanently. In addition, any third party that has access to the aforementioned private key could misappropriate the tokens contained in the digital wallet in question. Any errors or malfunctions caused by or related in any way to the digital wallet or token storage system in which the acquirer wishes to receive their tokens could also result in a loss of the tokens.
Risk of theft: the concept of smart contracts, and the software platform on which they work (ie ethereum) can be exposed to computer attacks or hacks by third parties, either through malware attacks, denial of service attacks, attacks consensus, sybil attacks, smurfing and spoofing. Any of these attacks could result in the theft or loss of the price paid or of subscribed tokens and, in turn, could lead to the non -achievement of the objectives set forth by the issuer in this document. Risk of incompatible wallet services: the digital wallet or digital wallet service provider used to receive tokens must comply with the erc-20 token standard to be technically compatible with said tokens. Failure to ensure such compliance may result in the subscriber losing access to their tokens.