PLEASE READ THE ENTIRETY OF THIS “NOTICE AND DISCLAIMER” SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS, INVESTMENT OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, BUSINESS, INVESTMENT, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER THE WORLDCOIN FOUNDATION (THE FOUNDATION) AND ANY OF THE PROJECT PARTICIPANTS (TOGETHER WITH THE PROJECT PARTICIPANTS, THE WORLDCOIN ECOSYSTEM) WHO HAVE WORKED ON THE WORLDCOIN PLATFORM (AS DESCRIBED HEREIN) OR DEVELOPERS OF THE WORLDCOIN PLATFORM IN ANY CAPACITY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF WLD 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 WHITEPAPER, THE WEBSITE AT HTTPS:// WORLDCOIN.ORG (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE FOUNDATION.
Crypto products can be highly risky and their regulatory treatment is unsettled in many jurisdictions. There may be no regulatory recourse for any loss from transactions in WLD. Any value ascribed to WLD may change quickly and may be lost in its entirety. Further, the technologies comprising the Worldcoin Platform, including the WLD token, are experimental in nature. There is no guarantee that the network will operate as planned. For more information, visit www.worldcoin.org/risks. Holding, buying, or selling WLD may not be permitted where you live, and it is your responsibility to comply with all applicable laws. Worldcoin (WLD) tokens are not intended to be available to residents of the United States or certain other restricted territories. More details can be found at http://www.worldcoin.org/tos.
As described further below, this document contains forward-looking estimates and statements regarding the intended actions and objectives of the Worldcoin Foundation and the Worldcoin Ecosystem, based largely on current expectations and projections about future events for which the outcome is uncertain. It is therefore subject to a number of known and unknown risks, including those described at www.worldcoin.org/risks, that could cause the actual outcomes to differ materially from what is expressed or implied herein. Readers are cautioned not to put undue reliance on these future-looking estimates and statements. The content of this document speaks only as of the date thereof.
The Whitepaper and the Website are intended for general informational purposes and community discussion only and do 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). 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 Worldcoin Platform. The information herein may not be exhaustive and does not imply any element of a contractual relationship commitment in relation to the acquisition of WLD Token, and no virtual currency or other form of payment is to be accepted on the basis of the Whitepaper or the Website. 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. 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 Worldcoin Platform. Any agreement between the Distributor (or any third party) and you, in relation to any sale, purchase, or other distribution or transfer of WLD Token, is to be governed only by the separate terms and conditions of such agreement, and such agreement must be read together with the Whitepaper. Where the Whitepaper or the Website includes information that has been obtained from third party sources, the Foundation, the Distributor, their respective affiliates and/or the Worldcoin Ecosystem 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.
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 any WLD token, and no virtual currency or other form of payment is to be accepted on the basis of the Whitepaper or the Website. Any agreement governing the sale or acquisition of WLD tokens shall be governed by a separate set of Terms of Service, available at www.worldcoin.org/tos. The Terms of Service must be read together with the Whitepaper and further information available at www.worldcoin.org/risks. In the event of any inconsistencies between the Terms of Service and the Whitepaper or the Website, the Terms of Service shall prevail.
The native digital cryptographically-secured utility token of the Worldcoin Platform (WLD Token) is a transferable representation of attributed functions specified in the protocol/code of the Worldcoin Platform, designed to play a major role in the functioning of the ecosystem on the Worldcoin Platform, and intended to be used solely as the primary utility and future governance token on the platform. The goal of introducing WLD Token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Worldcoin Platform, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issue. WLD Token may only be utilized on the Worldcoin Platform, and ownership of WLD Token carries no rights, express or implied, other than the right to use WLD Token as a means to enable usage of and interaction within the Worldcoin Platform.
By accessing the Whitepaper or the Website (or any part thereof), you shall be deemed to represent and warrant to the Foundation, the Distributor, their respective affiliates, and the Worldcoin Ecosystem as follows:
- in any decision to receive and/or purchase any WLD Token, you shall not rely on any statement set out in the Whitepaper or the Website;
- 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);
- you acknowledge, understand and agree that WLD Token may have no value, there is no guarantee or representation of value or liquidity for WLD Token, and WLD Token is not an investment product including for any speculative investment;
- WLD tokens may not always be transferable or liquid;
- WLD tokens may not be exchangeable against any goods or services contemplated in the Whitepaper, especially in case of failure or discontinuation of the project;
- none of the Foundation, the Distributor, their respective affiliates, and/or the Worldcoin Ecosystem members shall be responsible for or liable for the value of WLD Token, the transferability and/or liquidity of WLD Token and/or the availability of any market for WLD Token through third parties or otherwise; and
- you acknowledge, understand and agree that you are not eligible to purchase any WLD Token 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 WLD Token would be construed as the sale of a security, financial service or investment product and/or (ii) where participation in token sales is prohibited by applicable law, decree, regulation, treaty, or administrative act; and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.
The Foundation disclaims all representations, warranties or undertakings 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 respective 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 the WLD Token should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the WLD Token sale, the Foundation, the Distributor and the Worldcoin Ecosystem.
It is expressly highlighted that WLD Token:
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 Worldcoin Ecosystem, 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 indicated in the Whitepaper, and the Foundation, the Distributor as well as the Worldcoin Ecosystem expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
The Whitepaper and the Website may be translated into a language other than English for reference purpose only 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.