You should read each of these Risk Disclosures carefully before deciding to purchase the Tokens.
A valid Ethereum address from an ERC native token-compatible wallet is required to receive your ETHAI. Non-compatible wallet addresses will not be accepted. In addition, the Ethereum address used must not be associated with a third-party exchange or service that has custody over the private key. You must own the private key if your address is an exchange address.
ETHAI operates on the Ethereum blockchain. Any malfunction, unintended function, unexpected functioning, or attack on the Ethereum blockchain may cause the Etherchain Protocol or ETHAI to malfunction or behave unexpectedly. Ethereum may be targeted by malicious attacks aiming to exploit weaknesses in the software, potentially resulting in the loss or theft of ETHAI. Examples include double-spend attacks, 51% attacks, or other security threats, which could adversely affect the Etherchain Protocol and the utility of ETHAI.
Any third party that gains access to or learns of your wallet credentials or private keys may control your ETHAI. To minimize this risk, you should safeguard against unauthorized access to your electronic devices. Best practices dictate safely storing private keys in backup locations geographically separate from the working location. Additionally, providing us with the correct token receipt address is your responsibility. We are not liable for any loss of ETHAI if you provide an incorrect token receipt address.
The Tokens only confer governance rights regarding certain matters related to the Etherchain Protocol and are subject to limitations. They provide no governance rights with respect to Etherchain itself or its affiliates. Etherchain is not required to implement any proposal that poses an unreasonable risk of violating legal requirements or security risks, as defined in the Etherchain's bylaws or community guidelines.
The Tokens are solely for governance of the Etherchain Protocol. Token holders have no economic or other rights concerning the Protocol or the Etherchain. Accordingly, you should have no expectation of profit from the success or failure of ETHAI, the Etherchain Protocol, or the Etherchain. Economic benefits from the Protocol are expected to accrue to the Etherchain, platform users, service providers, or others. Purchasing the Tokens should be based solely on a desire to participate in governance, not on any specific rights or features.
Token holder governance requires a minimum quorum of 1% of the total votable Token supply for proposals to be effective. Insufficient participation may render proposals ineffective, even if enacted. The Token Sale does not require a minimum number of Tokens to be purchased.
Interest in participating in governance through the Tokens may decline over time due to limited participation, dissatisfaction with governance decisions, or other reasons. Your decision to purchase the Tokens should not be based on expectations of increasing value or sustained interest.
Token holder proposals may lead to changes in the governance rights of the Etherchain Protocol. The Etherchain is not responsible for such changes.
All ETHAI have equal voting power, but no wallet may vote more than 1% of the total Token supply. Despite these restrictions, coordinated efforts by holders may exceed the threshold. This could lead to larger stakeholders exerting undue influence on governance decisions.
Participation in governance requires access to third-party services, such as forums and voting platforms. If these services become unavailable, your ability to participate in governance may be limited or interrupted.
Regulation of tokens, cryptocurrencies, blockchain technologies, and exchanges is rapidly evolving and uncertain. Future laws or regulations may adversely impact ETHAI and the Etherchain Protocol. If ETHAI were deemed securities, additional restrictions may apply, affecting their use and resale.
The tax treatment of ETHAI is uncertain. You should seek professional tax advice regarding acquisition, storage, transfer, and use of ETHAI, as adverse tax consequences may apply.
The Etherchain Governance Platform is offered "as-is" without further development. Proceeds from the Token Sale will be allocated to operational expenses and contingent obligations, not to developing or enhancing the governance functionality.
The Etherchain Protocol may experience malfunctions or vulnerabilities, including service attacks or bugs. Such issues could result in loss of Tokens or inability to participate in governance.
Breakthroughs in cryptography, such as quantum computing, could render the Ethereum blockchain or ETHAI's cryptographic mechanisms ineffective, potentially compromising Token security and utility.
ETHAI are non transferable and cannot be resold. Do not purchase ETHAI as an investment or with the expectation of resale or profit, ETHAI may be traded and sold on exchanges once the presale has concluded.
The Etherchain reserves the right to issue other tokens in the future with different features or functionality, which may affect the utility or governance of ETHAI.
Future regulatory developments could adversely affect the adoption and utility of ETHAI and the Etherchain Protocol. This includes domestic or international actions that impose additional restrictions on token functionality or governance.
The Etherchain Protocol relies on open-source and proprietary software, which may contain vulnerabilities. Such vulnerabilities could harm the Protocol's reputation, reduce user activity, or lead to significant disruptions.
Data protection laws may affect the Etherchain Protocol's operations. Breaches in data security could harm the Protocol's reputation, leading to reduced user confidence and utility.
The Etherchain's indemnity obligations may adversely impact its financial stability. The governing documents of the Etherchain limit liability for directors and officers but require indemnification under certain circumstances.
The success of the Etherchain Protocol depends on key individuals. Loss of these individuals could negatively impact operations, governance, and the Protocol's overall success.
As cryptographic tokens are a nascent technology, unforeseen risks may emerge, including combinations of known risks or entirely new threats.
You should not purchase Tokens based on expectations about the success, features, or functionality of the Etherchain Protocol. If these expectations motivate your decision, you should refrain from purchasing Tokens.
The Etherchain Protocol's features are subject to change, and unforeseen circumstances may arise. The Etherchain will determine the scope and implementation of changes to the Protocol's functionality and governance. Third-party dependencies and regulatory uncertainties may impact the Protocol's success.
The Protocol's long-term viability is not guaranteed, and potential risks include operational challenges, reputational harm, and regulatory constraints. Your purchase of ETHAI should reflect a desire to participate in governance without expectation of financial gain.
