Disclaimer
This whitepaper and all the information contained within are subject to change. All tokenomic descriptions are approximate, and are subject to change. The information set forth herein does not purport to be complete and the Forevver Association or its assignee (“Forevver”) assumes no obligation to update or otherwise revise such information. Forever reserves the right to make modifications in its discretion.
The information contained herein does not purport to contain all the information that may be required to evaluate a purchase in $TAUNT. A prospective purchaser should only commit to an investment in $TAUNT if such a prospective investor understands the nature of the investment and can bear the economic risk of such an investment.
$TAUNT is speculative and involves a high degree of risk. $TAUNT may be leveraged and may lack diversification, thereby increasing the risk of loss. $TAUNT’ performance may be volatile. There can be no guarantee that $TAUNT’ objectives will be achieved, and the investment results may vary substantially from year to year or even from month to month. As a result, an investor could lose all or a substantial amount of his, her or its investment. In addition, the operating expenses for $TAUNT may offset any profits. Nothing herein is intended to imply that $TAUNT’ methodology may be considered “conservative”, “safe”, “risk free” or “risk averse”.In making an investment decision, you must rely on your own examination of $TAUNT and the terms of any offering. The information herein is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. You should consult your tax, legal, accounting, or other advisors about the matters discussed herein.
Forevver makes no guarantees on any use of funds or its ability to license games. $TAUNT’ ability to achieve its objectives may be affected by a variety of risks not discussed herein.Past performance is not indicative or a guarantee of future results. Forevver believes the information contained in this document to be reliable but makes no warranty or representation, whether express or implied, and assumes no legal liability for the accuracy, completeness or usefulness of any information disclosed. The estimates, investment strategies, and views expressed in this document are based upon current market conditions and/or data and information provided by unaffiliated third parties and is subject to change without notice.This document includes a series of forward-looking statements that reflect future events, future developments, and/or future financial performance. These forward-looking statements can sometimes be recognized by the use of words such as “anticipate,” “believe,” “estimate,”“expect,” “intend” and similar expressions. Such statements are subject to known and unknown risks, uncertainties, and other factors, including macro-economic shifts (e.g., changes in the crypto market in general) and micro-economic events (e.g., failure to execute contracts with specific exchanges, digital security threats, etc.). These forward-looking statements are based on the beliefs of Forevver’s management as well as assumptions made by and information currently available to The Forevver’s management. These forward-looking statements are only predictions. Should one or more of these micro or macro risks or uncertainties materialize, or should underlying assumptions prove incorrect, including changes in regulatory policies, changes in laws, or discovery of previously unknown legal requirements, actual results may vary materially.
While Forevver believes that the expectations reflected in its forward-looking statements are reasonable, Forevver cannot guarantee future results, levels of activity, performance, achievements, timing of milestones, or guarantee the ability to trade on an exchange. Moreover, neither Forevver nor any other person assumes any responsibility for the accuracy or completeness of these statements or undertakes any obligation to revise these forward-looking statements to reflect events or circumstances after the date this document was distributed or to reflect the occurrence of unanticipated events.
Readers are cautioned not to place undue reliance on forward-looking statements. The $TAUNTTokens do not confer or represent any right of any form, including but not limited to any equity or ownership, voting, distribution, redemption, liquidation, intellectual property, participation, or any other legal right towards Forevver or any other legal entity or natural person or the DevvX blockchain, the LitCraft ecosystem, or any other project. The $TAUNT Tokens are not any kind of loan to Forevver or to any other legal entity or natural person.
Risk Statement
Risk Factors
A purchase of $TAUNT involves a high degree of risk. You should consider carefully the risks described below before making a purchase decision. The following risks entail circumstances under which, Forevver’s (The Company) business, financial condition, results of operations and prospects could suffer.
Risks associated with Rights
The Company may not successfully develop, market and launch the Network (whether asa DevvX implementation or an ERC-20 implementation) to effectively integrate with $TAUNT and Purchasers may not receive $TAUNT Tokens.
The DevvX Network has not yet been fully developed and will require significant capital funding, expertise, time and effort in order to continue and grow. The Company may have to make changes to the specifications of the Network or $TAUNT Tokens for any number of legitimate reasons or the Company may be unable to utilize the Network in a way that realizes those specifications or any form of a functioning application or in a way that satisfies the requirements of applicable laws. It is possible that the $TAUNT Tokens may not ever be released on the DevvX Network and there may never be an operational $TAUNT Token on the Network or that the Network bridge to ERC-20 $TAUNT tokens will not occur. Any given areas of utility as ERC-20 tokens may not be fully realized as well. The Network and $TAUNT Tokens, if successfully developed and maintained, may not meet purchaser expectations at the time of distribution and launch.
Furthermore, despite good faith efforts to develop and launch and subsequently to develop and maintain the Network, it is still possible that the Network will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact theNetwork and $TAUNT Tokens. The Company may not have or may not be able to obtain the technical skills, expertise, or resources needed to successfully utilize $TAUNT tokens on theNetwork. While the Company has sought to retain and continue to competitively recruit experts, there is a general scarcity of management, technical, scientific, research and marketing personnel with appropriate training to develop and maintain the Network and the $TAUNT Tokens. If the Company is not successful in its efforts to demonstrate to users the utility and value of $TAUNT tokens, there may not be sufficient demand for the $TAUNT Tokens for the Company to proceed with an implementation of $TAUNT on the Network. As a result, or if the Network launch with respect to $TAUNT does not occur, Purchasers may lose all of the value in their investment. The Value of Your $TAUNT Tokens is Unpredictable and Speculative
This whitepaper and all the information contained within are subject to change. All tokenomic descriptions are approximate, and are subject to change. The information set forth herein does not purport to be complete and the Forevver Association or its assignee (“Forevver”) assumes no obligation to update or otherwise revise such information. Forever reserves the right to make modifications in its discretion. The information contained herein does not purport to contain all the information that may be required to evaluate a purchase in $TAUNT. A prospective purchaser should only commit to an investment in $TAUNT if such a prospective investor understands the nature of the investment and can bear the economic risk of such an investment. $TAUNT is speculative and involves a high degree of risk. $TAUNT may be leveraged and may lack diversification, thereby increasing the risk of loss. $TAUNT’ performance may be volatile. There can be no guarantee that $TAUNT’ objectives will be achieved, and the investment results may vary substantially from year was calculated using several assumptions and projections, including assumptions regarding the initial offering price per $TAUNT Token. The Company may need to adjust offering terms, or change other assumed terms, in the Token Generation Event, or future offerings thereafter, which may negatively impact the expected and projected value of the $TAUNT Tokens issuable pursuant to this SAFT. The Company provides no guaranty of future value of $TAUNT Tokens, nor of future dilution, or other terms and conditions pertaining to the $TAUNT Tokens. The Company reserves all rights to modify any and all terms of the $TAUNT Tokens in its sole and absolute discretion. We May Be Unable to List the $TAUNT Tokens on an Exchange
The Company hopes to eventually list the $TAUNT Tokens on online marketplaces and exchanges which carry other similar tokens, subject to compliance with all applicable securities laws. Even if the Company is able to launch the Network and the $TAUNT Tokens, there is no assurance that the $TAUNT Tokens will ever be listed on any online marketplace or other exchange, and there may never be any liquidity in the $TAUNT Tokens as a result. Investments in startups, including Forevver, Devvio, and LitCraft LLC, involve a high degree of risk. Purchases of $TAUNT may involve an even higher degree of risk Financial and operating risks confronting startups are significant: The Company is not immune to these. The startup market in which the Company competes is highly competitive and the percentage of companies that survive and prosper is small. Startups often experience unexpected problems in the areas of product development, marketing, financing and general management, among others, which frequently cannot be solved. In addition, startups may require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. Any challenges that Devvio, LitCraft LLC, and Forevver or its assignees face may lessen or eliminate the value of $TAUNT. $TAUNT Tokens will not be distributed until the Company can do so in accordance with applicable laws, including applicable securities laws. The Company will not conduct a Network launch unless and until it can do so without violating applicable laws, including applicable securities laws. In addition, the Company will not deliver $TAUNT Tokens to Purchasers unless and until it can do so without violating applicable laws. The regulatory regime governing blockchain technologies and assets, cryptocurrencies, tokens, cryptocurrency offerings, and token offerings is uncertain and evolving, as discussed in greater detail below. As a result, it is possible that it will be years before the $TAUNT Tokens will be distributed on the DevvX blockchain, if at all. Purchasers must be prepared to bear the risk of entering into a $TAUNT purchase with the understanding that the Company may never deliver, and the Purchasers may never receive, $TAUNT Tokens on DevvX. There are also risks that the Company may not be able to effectively launch an ERC-20 version of $TAUNT, such as technical, regulatory, or other related risks which can significantly delay issuances of ERC-20 based $TAUNT tokens. The Company and its partners may be forced to cease operations or take actions that result in a Dissolution Event. In such an event, Purchasers will not necessarily be entitled to DevvX based $TAUNT tokens and may lose their entire investment It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of cryptographic and fiat currencies, the inability by the Company to conduct a Network launch or to establish the $TAUNT Token’s functionality, the inability of the Company to effect a public $TAUNT Tokens distribution due to regulatory restrictions, the failure of commercial relationships, or intellectual property ownership challenges, the Company or its partners such as Devvio or LitCraft may no longer be viable to operate and the Company or its partners may dissolve or take actions that result in a Dissolution Event. In the event of a Dissolution Event, $TAUNT tokens may lose a significant amount or all of their value. Purchasers will have no control or ability to influence the corporate decision-making and may lack the necessary information to monitor their investments. The Purchasers are not and will not be entitled to vote or receive dividends or be deemed the holder of capital stock of the Company for any purpose, nor will anything be construed to confer on the Purchasers any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights or otherwise. The Purchasers may not be able to obtain all desired information regarding the Company, the Network or the $TAUNT Tokens. The tax treatment of $TAUNT Tokens is uncertain and there may be adverse tax consequences for Purchasers upon certain future events. The tax characterization of $TAUNT Tokens is uncertain, and each Purchaser must seek its own independent tax advice. Agreement to accept $TAUNT Tokens may result in adverse tax consequences to Purchasers, including withholding taxes, income taxes and tax reporting requirements. Each Purchaser should consult with and must rely upon the advice of its own professional tax advisors with respect to the United States and non-U.S. tax treatment. Risks associated with the $TAUNT Tokens and the Network The Network may not be widely adopted and may have limited users. It is possible that the Network will not be used by a large number of individuals, companies and other entities. It is possible that ERC-20 based $TAUNT tokens will not be used by a large number of individuals, companies and other entities. Marketplaces have been historically difficult to start and grow and often require significant investment of resources to scale. Network effect businesses, like sharing economy marketplaces, are usually winnertakes-all businesses, and there are a number of existing sharing economy marketplaces with which the Network will compete. These existing marketplaces are well established and have significant numbers of users, some or all of whom may not switch to the Network or use it in addition to the existing online marketplaces. The Network may not attract sufficient buyers and sellers to establish and scale the Network which could negatively impact the potential utility and value of the $TAUNT Tokens, assets in the DFE, and materially and adversely affect the Company’s or its partners prospects. It is also possible that there will be limited public interest in the creation and development of distributed ecosystems (such as the Network) or applications more generally. Such a lack of use or interest could negatively impact the development of the Network or $TAUNT tokens, and therefore the potential utility and value of the $TAUNT Tokens. The $TAUNT Tokens have no history. The $TAUNT Tokens will be a newly formed token and has no operating history. Each purchase decision should be evaluated on the basis that the Company’s or any third party’s assessment of the prospects of the Network and the $TAUNT Tokens may not prove accurate, and that the Company may not achieve its objectives. Past performance of the Company or Network, or any company or asset, is not predictive of future results. The investment environment surrounding cryptocurrencies, tokens and other blockchain assets is highly speculative. The rapid increase in price of well-known digital assets such as Bitcoin and Ether has resulted in a highly speculative investment environment. Growth in mainstream media coverage has resulted in investors that were previously unfamiliar with the cryptocurrency markets and digital assets now seeking out investment opportunities in these areas. As a result, Purchasers that have not fully researched or analyzed the $TAUNT Tokens and have no intention of using the $TAUNT Tokens for services or transfers within the Network, or speculative investors and short term, high-frequency profit traders purchasing and reselling tokens may trigger frequent increases or decreases in the value of the $TAUNT Tokens following the TGE or Network launch or may further amplify volatility. The Network may be the target of malicious cyberattacks or may contain exploitable flaws in its underlying code, which may result in security breaches and the loss or theft of $TAUNT Tokens. Vulnerabilities in the ERC-20 implementation of $TAUNT may also contain exploitable flaws which may result in security breaches and the loss or theft of $TAUNT tokens. If the $TAUNT implementations are compromised or if the $TAUNT implementations are subjected to attacks that frustrate or thwart our users’ ability to access their $TAUNT Tokens or utility or the Network products and services, users may cut back on or stop using $TAUNT or the Network altogether, which could materially curtail the utilization and value of the $TAUNT Tokens. The Network structural foundation, the software application and other interfaces or applications built upon the Network are still in an early development stage and are unproven, and there can be no assurances that the Network and the creating, transfer or storage of the $TAUNT Tokens will be uninterrupted or fully secure which may result in a complete loss of users’ $TAUNT Tokens or an unwillingness of users to access, adopt and utilize the Network. Further, $TAUNT implementations may also be the target of malicious attacks seeking to identify and exploit weaknesses in the software or the Network which may result in the loss or theft of $TAUNT Tokens. $TAUNT Token Applications May Vary From Expectations The Company intends to develop and use the $TAUNT tokens for various applications and has contemplated and presented several potential use-case scenarios. The actual utility of the $TAUNT tokens may vary significantly from expectations and presentations. There is no guarantee the Company will be able to effectively license any gaming applications or other content, build a guild system, implement DFE asset purchases, or implement any other functionality of the $TAUNT token, and the Company hopes to capitalize on interest within the gaming space, but cannot assure that any use-case will achieve profitable commercial application or will align with current expectations. Risks related to blockchain technologies and digital assets The regulatory regime governing the blockchain technologies, cryptocurrencies, tokens, cryptocurrency offerings, and token offerings is uncertain. Regulation of cryptocurrencies (including the $TAUNT Tokens), tokens, token offerings, cryptocurrency offerings, blockchain technologies, and cryptocurrency exchanges currently is undeveloped and likely to rapidly evolve, varies significantly among international, federal, state and local jurisdictions and is subject to significant uncertainty. Various legislative and executive bodies in countries may in the future, adopt laws, regulations, guidance, or other actions, which may severely impact the development and growth of the Network and the adoption and utility of the $TAUNT Tokens. Failure by the Company or certain users of the Network to comply with any laws, rules and regulations, some of which may not exist yet or are subject to interpretation and may be subject to change, could result in a variety of adverse consequences, including civil penalties and fines. As blockchain networks and blockchain assets have grown in popularity and in market size, federal and state agencies have begun to take interest in, and in some cases regulate, their use and operation. New or changing laws and regulations or interpretations of existing laws and regulations, in the United States and other jurisdictions, may materially and adversely impact the value of the currency in which the $TAUNT Tokens may be exchanged, the liquidity of the $TAUNT Tokens, the ability to access marketplaces or exchanges on which to trade the $TAUNT Tokens, and the structure, rights and transferability of the $TAUNT Tokens. Purchasers may lack information for monitoring their investment. The Purchaser may not be able to obtain all information it would want regarding the platform, the Network launch or the $TAUNT Tokens on a timely basis or at all. It is possible that the Purchaser may not be aware on a timely basis of material adverse changes that have occurred with respect to certain of its investments. Information related to $TAUNT tokens may be highly technical by nature. As a result of these difficulties, as well as other uncertainties, a Purchaser may not have accurate or accessible information about the Network or the $TAUNT Tokens. If the Network is unable to satisfy data protection, security, privacy, and other government and industry-specific requirements, its growth could be harmed. There are a number of data protection, security, privacy and other government- and industry-specific requirements, including those that require companies to notify individuals of data security incidents involving certain types of personal data. Security compromises could harm the Network’s reputation, erode user confidence in the effectiveness of its security measures, negatively impact its ability to attract new users, or cause existing users to stop using the Network. The further development and acceptance of blockchain networks and decentralized applications, including the Network, which are part of a new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of blockchain networks, decentralized applications and blockchain assets would have an adverse material effect on the successful development and adoption of the Network and the $TAUNT Tokens. The growth of the blockchain industry in general, as well as the blockchain networks with which the Network will rely and interact, is subject to a high degree of uncertainty. The factors affecting the further development of the $TAUNT Tokens industry, as well as blockchain networks, include, without limitation:
• Worldwide growth in the adoption and use of cryptocurrencies and other blockchain technologies;
• Government and quasi-government regulation of cryptocurrencies, and other blockchain assets and their use, or restrictions on or regulation of access to and operation of blockchain networks or similar systems;
• The maintenance and development of the open-source software protocol of blockchain networks;
• Changes in consumer demographics and public tastes and preferences;
• The availability and popularity of other forms or methods of buying and selling goods and services, or trading assets including new means of using fiat currencies or existing networks;
• General economic conditions and the regulatory environment relating to cryptocurrencies; or
• A decline in the popularity or acceptance of Bitcoin, Ether or other blockchain-based cryptocurrencies or tokens would adversely affect our results of operations.
The slowing or stopping of the development, general acceptance and adoption and usage of blockchain networks and blockchain assets may deter or delay the acceptance and adoption of the Network and the $TAUNT Tokens.
The information contained herein does not purport to contain all the information that may be required to evaluate a purchase in $TAUNT. A prospective purchaser should only commit to an investment in $TAUNT if such a prospective investor understands the nature of the investment and can bear the economic risk of such an investment.
$TAUNT is speculative and involves a high degree of risk. $TAUNT may be leveraged and may lack diversification, thereby increasing the risk of loss. $TAUNT’ performance may be volatile. There can be no guarantee that $TAUNT’ objectives will be achieved, and the investment results may vary substantially from year to year or even from month to month. As a result, an investor could lose all or a substantial amount of his, her or its investment. In addition, the operating expenses for $TAUNT may offset any profits. Nothing herein is intended to imply that $TAUNT’ methodology may be considered “conservative”, “safe”, “risk free” or “risk averse”.In making an investment decision, you must rely on your own examination of $TAUNT and the terms of any offering. The information herein is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. You should consult your tax, legal, accounting, or other advisors about the matters discussed herein.
Forevver makes no guarantees on any use of funds or its ability to license games. $TAUNT’ ability to achieve its objectives may be affected by a variety of risks not discussed herein.Past performance is not indicative or a guarantee of future results. Forevver believes the information contained in this document to be reliable but makes no warranty or representation, whether express or implied, and assumes no legal liability for the accuracy, completeness or usefulness of any information disclosed. The estimates, investment strategies, and views expressed in this document are based upon current market conditions and/or data and information provided by unaffiliated third parties and is subject to change without notice.This document includes a series of forward-looking statements that reflect future events, future developments, and/or future financial performance. These forward-looking statements can sometimes be recognized by the use of words such as “anticipate,” “believe,” “estimate,”“expect,” “intend” and similar expressions. Such statements are subject to known and unknown risks, uncertainties, and other factors, including macro-economic shifts (e.g., changes in the crypto market in general) and micro-economic events (e.g., failure to execute contracts with specific exchanges, digital security threats, etc.). These forward-looking statements are based on the beliefs of Forevver’s management as well as assumptions made by and information currently available to The Forevver’s management. These forward-looking statements are only predictions. Should one or more of these micro or macro risks or uncertainties materialize, or should underlying assumptions prove incorrect, including changes in regulatory policies, changes in laws, or discovery of previously unknown legal requirements, actual results may vary materially.
While Forevver believes that the expectations reflected in its forward-looking statements are reasonable, Forevver cannot guarantee future results, levels of activity, performance, achievements, timing of milestones, or guarantee the ability to trade on an exchange. Moreover, neither Forevver nor any other person assumes any responsibility for the accuracy or completeness of these statements or undertakes any obligation to revise these forward-looking statements to reflect events or circumstances after the date this document was distributed or to reflect the occurrence of unanticipated events.
Readers are cautioned not to place undue reliance on forward-looking statements. The $TAUNTTokens do not confer or represent any right of any form, including but not limited to any equity or ownership, voting, distribution, redemption, liquidation, intellectual property, participation, or any other legal right towards Forevver or any other legal entity or natural person or the DevvX blockchain, the LitCraft ecosystem, or any other project. The $TAUNT Tokens are not any kind of loan to Forevver or to any other legal entity or natural person.
Risk Statement
Risk Factors
A purchase of $TAUNT involves a high degree of risk. You should consider carefully the risks described below before making a purchase decision. The following risks entail circumstances under which, Forevver’s (The Company) business, financial condition, results of operations and prospects could suffer.
Risks associated with Rights
The Company may not successfully develop, market and launch the Network (whether asa DevvX implementation or an ERC-20 implementation) to effectively integrate with $TAUNT and Purchasers may not receive $TAUNT Tokens.
The DevvX Network has not yet been fully developed and will require significant capital funding, expertise, time and effort in order to continue and grow. The Company may have to make changes to the specifications of the Network or $TAUNT Tokens for any number of legitimate reasons or the Company may be unable to utilize the Network in a way that realizes those specifications or any form of a functioning application or in a way that satisfies the requirements of applicable laws. It is possible that the $TAUNT Tokens may not ever be released on the DevvX Network and there may never be an operational $TAUNT Token on the Network or that the Network bridge to ERC-20 $TAUNT tokens will not occur. Any given areas of utility as ERC-20 tokens may not be fully realized as well. The Network and $TAUNT Tokens, if successfully developed and maintained, may not meet purchaser expectations at the time of distribution and launch.
Furthermore, despite good faith efforts to develop and launch and subsequently to develop and maintain the Network, it is still possible that the Network will experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact theNetwork and $TAUNT Tokens. The Company may not have or may not be able to obtain the technical skills, expertise, or resources needed to successfully utilize $TAUNT tokens on theNetwork. While the Company has sought to retain and continue to competitively recruit experts, there is a general scarcity of management, technical, scientific, research and marketing personnel with appropriate training to develop and maintain the Network and the $TAUNT Tokens. If the Company is not successful in its efforts to demonstrate to users the utility and value of $TAUNT tokens, there may not be sufficient demand for the $TAUNT Tokens for the Company to proceed with an implementation of $TAUNT on the Network. As a result, or if the Network launch with respect to $TAUNT does not occur, Purchasers may lose all of the value in their investment. The Value of Your $TAUNT Tokens is Unpredictable and Speculative
This whitepaper and all the information contained within are subject to change. All tokenomic descriptions are approximate, and are subject to change. The information set forth herein does not purport to be complete and the Forevver Association or its assignee (“Forevver”) assumes no obligation to update or otherwise revise such information. Forever reserves the right to make modifications in its discretion. The information contained herein does not purport to contain all the information that may be required to evaluate a purchase in $TAUNT. A prospective purchaser should only commit to an investment in $TAUNT if such a prospective investor understands the nature of the investment and can bear the economic risk of such an investment. $TAUNT is speculative and involves a high degree of risk. $TAUNT may be leveraged and may lack diversification, thereby increasing the risk of loss. $TAUNT’ performance may be volatile. There can be no guarantee that $TAUNT’ objectives will be achieved, and the investment results may vary substantially from year was calculated using several assumptions and projections, including assumptions regarding the initial offering price per $TAUNT Token. The Company may need to adjust offering terms, or change other assumed terms, in the Token Generation Event, or future offerings thereafter, which may negatively impact the expected and projected value of the $TAUNT Tokens issuable pursuant to this SAFT. The Company provides no guaranty of future value of $TAUNT Tokens, nor of future dilution, or other terms and conditions pertaining to the $TAUNT Tokens. The Company reserves all rights to modify any and all terms of the $TAUNT Tokens in its sole and absolute discretion. We May Be Unable to List the $TAUNT Tokens on an Exchange
The Company hopes to eventually list the $TAUNT Tokens on online marketplaces and exchanges which carry other similar tokens, subject to compliance with all applicable securities laws. Even if the Company is able to launch the Network and the $TAUNT Tokens, there is no assurance that the $TAUNT Tokens will ever be listed on any online marketplace or other exchange, and there may never be any liquidity in the $TAUNT Tokens as a result. Investments in startups, including Forevver, Devvio, and LitCraft LLC, involve a high degree of risk. Purchases of $TAUNT may involve an even higher degree of risk Financial and operating risks confronting startups are significant: The Company is not immune to these. The startup market in which the Company competes is highly competitive and the percentage of companies that survive and prosper is small. Startups often experience unexpected problems in the areas of product development, marketing, financing and general management, among others, which frequently cannot be solved. In addition, startups may require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. Any challenges that Devvio, LitCraft LLC, and Forevver or its assignees face may lessen or eliminate the value of $TAUNT. $TAUNT Tokens will not be distributed until the Company can do so in accordance with applicable laws, including applicable securities laws. The Company will not conduct a Network launch unless and until it can do so without violating applicable laws, including applicable securities laws. In addition, the Company will not deliver $TAUNT Tokens to Purchasers unless and until it can do so without violating applicable laws. The regulatory regime governing blockchain technologies and assets, cryptocurrencies, tokens, cryptocurrency offerings, and token offerings is uncertain and evolving, as discussed in greater detail below. As a result, it is possible that it will be years before the $TAUNT Tokens will be distributed on the DevvX blockchain, if at all. Purchasers must be prepared to bear the risk of entering into a $TAUNT purchase with the understanding that the Company may never deliver, and the Purchasers may never receive, $TAUNT Tokens on DevvX. There are also risks that the Company may not be able to effectively launch an ERC-20 version of $TAUNT, such as technical, regulatory, or other related risks which can significantly delay issuances of ERC-20 based $TAUNT tokens. The Company and its partners may be forced to cease operations or take actions that result in a Dissolution Event. In such an event, Purchasers will not necessarily be entitled to DevvX based $TAUNT tokens and may lose their entire investment It is possible that, due to any number of reasons, including, but not limited to, an unfavorable fluctuation in the value of cryptographic and fiat currencies, the inability by the Company to conduct a Network launch or to establish the $TAUNT Token’s functionality, the inability of the Company to effect a public $TAUNT Tokens distribution due to regulatory restrictions, the failure of commercial relationships, or intellectual property ownership challenges, the Company or its partners such as Devvio or LitCraft may no longer be viable to operate and the Company or its partners may dissolve or take actions that result in a Dissolution Event. In the event of a Dissolution Event, $TAUNT tokens may lose a significant amount or all of their value. Purchasers will have no control or ability to influence the corporate decision-making and may lack the necessary information to monitor their investments. The Purchasers are not and will not be entitled to vote or receive dividends or be deemed the holder of capital stock of the Company for any purpose, nor will anything be construed to confer on the Purchasers any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights or otherwise. The Purchasers may not be able to obtain all desired information regarding the Company, the Network or the $TAUNT Tokens. The tax treatment of $TAUNT Tokens is uncertain and there may be adverse tax consequences for Purchasers upon certain future events. The tax characterization of $TAUNT Tokens is uncertain, and each Purchaser must seek its own independent tax advice. Agreement to accept $TAUNT Tokens may result in adverse tax consequences to Purchasers, including withholding taxes, income taxes and tax reporting requirements. Each Purchaser should consult with and must rely upon the advice of its own professional tax advisors with respect to the United States and non-U.S. tax treatment. Risks associated with the $TAUNT Tokens and the Network The Network may not be widely adopted and may have limited users. It is possible that the Network will not be used by a large number of individuals, companies and other entities. It is possible that ERC-20 based $TAUNT tokens will not be used by a large number of individuals, companies and other entities. Marketplaces have been historically difficult to start and grow and often require significant investment of resources to scale. Network effect businesses, like sharing economy marketplaces, are usually winnertakes-all businesses, and there are a number of existing sharing economy marketplaces with which the Network will compete. These existing marketplaces are well established and have significant numbers of users, some or all of whom may not switch to the Network or use it in addition to the existing online marketplaces. The Network may not attract sufficient buyers and sellers to establish and scale the Network which could negatively impact the potential utility and value of the $TAUNT Tokens, assets in the DFE, and materially and adversely affect the Company’s or its partners prospects. It is also possible that there will be limited public interest in the creation and development of distributed ecosystems (such as the Network) or applications more generally. Such a lack of use or interest could negatively impact the development of the Network or $TAUNT tokens, and therefore the potential utility and value of the $TAUNT Tokens. The $TAUNT Tokens have no history. The $TAUNT Tokens will be a newly formed token and has no operating history. Each purchase decision should be evaluated on the basis that the Company’s or any third party’s assessment of the prospects of the Network and the $TAUNT Tokens may not prove accurate, and that the Company may not achieve its objectives. Past performance of the Company or Network, or any company or asset, is not predictive of future results. The investment environment surrounding cryptocurrencies, tokens and other blockchain assets is highly speculative. The rapid increase in price of well-known digital assets such as Bitcoin and Ether has resulted in a highly speculative investment environment. Growth in mainstream media coverage has resulted in investors that were previously unfamiliar with the cryptocurrency markets and digital assets now seeking out investment opportunities in these areas. As a result, Purchasers that have not fully researched or analyzed the $TAUNT Tokens and have no intention of using the $TAUNT Tokens for services or transfers within the Network, or speculative investors and short term, high-frequency profit traders purchasing and reselling tokens may trigger frequent increases or decreases in the value of the $TAUNT Tokens following the TGE or Network launch or may further amplify volatility. The Network may be the target of malicious cyberattacks or may contain exploitable flaws in its underlying code, which may result in security breaches and the loss or theft of $TAUNT Tokens. Vulnerabilities in the ERC-20 implementation of $TAUNT may also contain exploitable flaws which may result in security breaches and the loss or theft of $TAUNT tokens. If the $TAUNT implementations are compromised or if the $TAUNT implementations are subjected to attacks that frustrate or thwart our users’ ability to access their $TAUNT Tokens or utility or the Network products and services, users may cut back on or stop using $TAUNT or the Network altogether, which could materially curtail the utilization and value of the $TAUNT Tokens. The Network structural foundation, the software application and other interfaces or applications built upon the Network are still in an early development stage and are unproven, and there can be no assurances that the Network and the creating, transfer or storage of the $TAUNT Tokens will be uninterrupted or fully secure which may result in a complete loss of users’ $TAUNT Tokens or an unwillingness of users to access, adopt and utilize the Network. Further, $TAUNT implementations may also be the target of malicious attacks seeking to identify and exploit weaknesses in the software or the Network which may result in the loss or theft of $TAUNT Tokens. $TAUNT Token Applications May Vary From Expectations The Company intends to develop and use the $TAUNT tokens for various applications and has contemplated and presented several potential use-case scenarios. The actual utility of the $TAUNT tokens may vary significantly from expectations and presentations. There is no guarantee the Company will be able to effectively license any gaming applications or other content, build a guild system, implement DFE asset purchases, or implement any other functionality of the $TAUNT token, and the Company hopes to capitalize on interest within the gaming space, but cannot assure that any use-case will achieve profitable commercial application or will align with current expectations. Risks related to blockchain technologies and digital assets The regulatory regime governing the blockchain technologies, cryptocurrencies, tokens, cryptocurrency offerings, and token offerings is uncertain. Regulation of cryptocurrencies (including the $TAUNT Tokens), tokens, token offerings, cryptocurrency offerings, blockchain technologies, and cryptocurrency exchanges currently is undeveloped and likely to rapidly evolve, varies significantly among international, federal, state and local jurisdictions and is subject to significant uncertainty. Various legislative and executive bodies in countries may in the future, adopt laws, regulations, guidance, or other actions, which may severely impact the development and growth of the Network and the adoption and utility of the $TAUNT Tokens. Failure by the Company or certain users of the Network to comply with any laws, rules and regulations, some of which may not exist yet or are subject to interpretation and may be subject to change, could result in a variety of adverse consequences, including civil penalties and fines. As blockchain networks and blockchain assets have grown in popularity and in market size, federal and state agencies have begun to take interest in, and in some cases regulate, their use and operation. New or changing laws and regulations or interpretations of existing laws and regulations, in the United States and other jurisdictions, may materially and adversely impact the value of the currency in which the $TAUNT Tokens may be exchanged, the liquidity of the $TAUNT Tokens, the ability to access marketplaces or exchanges on which to trade the $TAUNT Tokens, and the structure, rights and transferability of the $TAUNT Tokens. Purchasers may lack information for monitoring their investment. The Purchaser may not be able to obtain all information it would want regarding the platform, the Network launch or the $TAUNT Tokens on a timely basis or at all. It is possible that the Purchaser may not be aware on a timely basis of material adverse changes that have occurred with respect to certain of its investments. Information related to $TAUNT tokens may be highly technical by nature. As a result of these difficulties, as well as other uncertainties, a Purchaser may not have accurate or accessible information about the Network or the $TAUNT Tokens. If the Network is unable to satisfy data protection, security, privacy, and other government and industry-specific requirements, its growth could be harmed. There are a number of data protection, security, privacy and other government- and industry-specific requirements, including those that require companies to notify individuals of data security incidents involving certain types of personal data. Security compromises could harm the Network’s reputation, erode user confidence in the effectiveness of its security measures, negatively impact its ability to attract new users, or cause existing users to stop using the Network. The further development and acceptance of blockchain networks and decentralized applications, including the Network, which are part of a new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of blockchain networks, decentralized applications and blockchain assets would have an adverse material effect on the successful development and adoption of the Network and the $TAUNT Tokens. The growth of the blockchain industry in general, as well as the blockchain networks with which the Network will rely and interact, is subject to a high degree of uncertainty. The factors affecting the further development of the $TAUNT Tokens industry, as well as blockchain networks, include, without limitation:
• Worldwide growth in the adoption and use of cryptocurrencies and other blockchain technologies;
• Government and quasi-government regulation of cryptocurrencies, and other blockchain assets and their use, or restrictions on or regulation of access to and operation of blockchain networks or similar systems;
• The maintenance and development of the open-source software protocol of blockchain networks;
• Changes in consumer demographics and public tastes and preferences;
• The availability and popularity of other forms or methods of buying and selling goods and services, or trading assets including new means of using fiat currencies or existing networks;
• General economic conditions and the regulatory environment relating to cryptocurrencies; or
• A decline in the popularity or acceptance of Bitcoin, Ether or other blockchain-based cryptocurrencies or tokens would adversely affect our results of operations.
The slowing or stopping of the development, general acceptance and adoption and usage of blockchain networks and blockchain assets may deter or delay the acceptance and adoption of the Network and the $TAUNT Tokens.