NOTICE AND DISCLAIMER
PLEASE READ THE ENTIRETY OF THIS "NOTICE AND DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER ACE PROTOCOL FOUNDATION (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS (THE LINO TEAM) WHO HAVE WORKED ON THE LINO BLOCKCHAIN (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE LINO BLOCKCHAIN IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF LINO TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS DOCUMENT, THE WHITEPEPAPER OR THE WEBSITE AT HTTPS://LINO.NETWORK/ (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE FOUNDATION.
The Whitepaper and the Website are intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any element of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Whitepaper or the Website includes information that has been obtained from third party sources, the Foundation, the Distributor, and/or the Lino team have not independently verified the accuracy or completion of such information. Further, you acknowledge that circumstances may change and that the Whitepaper or the Website may become outdated as a result; and neither the Foundation nor the Distributor is under any obligation to update or correct this document in connection therewith.
Nothing in the Whitepaper or the Website constitutes any offer by the Foundation, the Distributor or the Lino team to sell any LINO (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Whitepaper or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of the Lino blockchain. The agreement between the Distributor and you, in relation to any sale and purchase of LINO, is to be governed by only the separate terms and conditions of such agreement.
By accessing the Whitepaper or the Website (or any part thereof), you represent and warrant to the Foundation, the Distributor, its affiliates, and the Lino team as follows: (a) in any decision to purchase any LINO, you have not relied on any statement set out in the Whitepaper or the Website; (b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be); (c) you acknowledge, understand and agree that LINO may have no value, there is no guarantee or representation of value or liquidity for LINO, and LINO is not for speculative investment; (d) none of the Foundation, the Distributor, its affiliates, and/or the Lino team members shall be responsible for or liable for the value of LINO, the transferability and/or liquidity of LINO and/or the availability of any market for LINO through third parties or otherwise; and (e) you acknowledge, understand and agree that you are not eligible to purchase any LINO if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the sale of LINO would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token sales is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America, Canada, New Zealand, People's Republic of China (but not including the special administrative regions of Hong Kong and Macau, and the territory of Taiwan), Thailand, and the Socialist Republic of Vietnam); and to this effect you agree to provide all such identify verification document when requested in order for the relevant checks to be carried out.
All contributions will be applied towards leveraging blockchain technology to revolutionize the content sharing industry. The Foundation, the Distributor and their various affiliates would develop, manage and operate the Lino blockchain.
The Foundation, the Distributor and the Lino team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness or reliability of the contents of the Whitepaper or the Website, or any other materials published by the Foundation or the Distributor). To the maximum extent permitted by law, the Foundation, the Distributor, their affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Whitepaper or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective purchasers of LINO should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the LINO token sale, the Foundation, the Distributor and the Lino team.
The information set out in the Whitepaper and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of LINO, and no virtual currency or other form of payment is to be accepted on the basis of the Whitepaper or the Website. The agreement for sale and purchase of LINO and/or continued holding of LINO shall be governed by a separate set of Terms and Conditions or Token Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of LINO (the Terms and Conditions), which shall be separately provided to you or made available on the Website. In the event of any inconsistencies between the Terms and Conditions and the Whitepaper or the Website, the Terms and Conditions shall prevail.
No regulatory authority has examined or approved of any of the information set out in the Whitepaper or the Website. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Whitepaper or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
The information set out herein is only conceptual, and describes the future development goals for the Lino blockchain to be developed. The Whitepaper or the Website may be amended or replaced from time to time. There are no obligations to update the Whitepaper or the Website, or to provide recipients with access to any information beyond what is provided herein.
All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation, the Distributor and/or the Lino team, may constitute forward-looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicted in the Whitepaper, and the Foundation, the Distributor as well as the Lino team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
The use of any company and/or platform names or trademarks herein (save for those which relate to the Foundation, the Distributor or its affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Whitepaper or the Website to specific companies and platforms are for illustrative purposes only.
The Whitepaper and the Website may be translated into a language other than English and in the event of conflict or ambiguity between the English language version and translated versions of the Whitepaper or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Whitepaper and the Website.
No part of the Whitepaper or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Foundation or the Distributor.
You acknowledge and agree that there are numerous risks associated with purchasing LINO, holding LINO, and using LINO for participation in the Lino blockchain. In the worst scenario, this could lead to the loss of all or part of the LINO which had been purchased. IF YOU DECIDE TO PURCHASE LINO, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:
Uncertain Regulations and Enforcement Actions The regulatory status of LINO and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of virtual currencies 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, including LINO and/or the Lino blockchain. Regulatory actions could negatively impact LINO and/or the Lino blockchain in various ways. The Foundation, the Distributor (or its 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 a wide range of legal advisors and continuous analysis of the development and legal structure of virtual currencies, a cautious approach will be applied towards the sale of LINO. Therefore, for the token sale, the sale strategy may be constantly adjusted in order to avoid relevant legal risks as much as possible. For the token sale, the Foundation and the Distributor are working with Lex Advocatus LLC, a boutique corporate law firm in Singapore with a good reputation in the blockchain space.
Inadequate disclosure of information As at the date hereof, the Lino blockchain is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this white paper contains the most current information relating to the Lino blockchain, it is not absolutely complete and may still be adjusted and updated by the Lino team from time to time. The Lino team has no ability and obligation to keep holders of LINO informed of every detail (including development progress and expected milestones) regarding the project to develop the Lino blockchain, hence insufficient information disclosure is inevitable and reasonable.
Competitors Various types of decentralised applications and networks are emerging at a rapid rate, and the industry is increasingly competitive. It is possible that alternative networks could be established that utilise the same or similar code and protocol underlying LINO and/or the Lino blockchain and attempt to re-create similar facilities. The Lino blockchain may be required to compete with these alternative networks, which could negatively impact LINO and/or the Lino blockchain.
Loss of Talent The development of the Lino blockchain greatly depends on the continued co-operation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect the Lino blockchain or its future development. Further, stability and cohesion within the team is critical to the overall development of the Lino blockchain. There is the possibility that conflict within the team and/or departure of core personnel may occur, resulting in negative influence on the project in the future.
Failure to develop There is the risk that the development of the Lino blockchain 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 LINO, unforeseen technical difficulties, and shortage of development funds for activities.
Security weaknesses Hackers or other malicious groups or organisations may attempt to interfere with LINO and/or the Lino blockchain 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 Foundation, the Distributor or its affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of LINO and/or the Lino blockchain, which could negatively affect LINO and/or the Lino blockchain. 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 LINO and/or the Lino blockchain 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 purchase, holding and use of LINO, including those that the Foundation or the Distributor cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Foundation, the Distributor, its affiliates and the Lino team, as well as understand the overall framework, mission and vision for the Lino blockchain prior to purchasing LINO.