a) Token Sale Restrictions
If the laws of the country you reside in involve certain requirements for you, as a potential token holder, or for the process of tokens acquisition and exchange, we recommend you consult the lawyers with the relevant practice in your jurisdiction and make a decision about the tokens based on their recommendation. Besides, we would like to bring to your notice that due to technical organization of token issuing and exchange, we do not collect, store, or make use of the potential token holders’ personal data, and, thus, we cannot control what jurisdiction they belong to and whether the laws of this jurisdiction are violated. As a result of such circumstances, the responsibility for exchanging tokens in your jurisdiction rests with you, as the token holder.
You acknowledge and agree that there are numerous risks associated with purchasing HERB, holding HERB, and using HERB for participation in Herbalist Token Project.
1. Uncertain Regulations and Enforcement Actions
The regulatory status of HERB and distributed ledger technology is unclear or unsettled in many jurisdictions. 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 HERB and/or Herbalist Token Project. Regulatory actions could negatively impact HERB and/or Herbalist Token Project in various ways. The Project (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, the Project will apply a cautious approach towards the sale of HERB. Therefore, for the crowdsale, the Project may constantly adjust the sale strategy in order to avoid relevant legal risks as much as possible.
It is possible that alternative networks could be established that utilize the same or similar code and protocol underlying HERB and attempt to recreate similar facilities. The project may be required to compete with these alternative networks, which could negatively impact Herbalist Token Project.
3. Failure to develop
There is the risk that the development of HERB 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 HERB, unforeseen technical difficulties, and shortage of development funds for activities. 16
4. Security weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with Herbalist Token Project 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 project or its affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of HERB which could negatively affect Herbalist Token Project.
5. Other risks
In addition to the aforementioned risks, there are other risks associated with your purchase, holding and use of HERB, including those that the Project cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Project, its affiliates and the Herbalist Token Project team, as well as understand the overall framework and vision for Herbalist Token Project prior to purchasing HERB.