The service tokens and NFTs (non-fungible tokens) described in
this document may be of very high risk, they may even lose
their value or liquidity completely or not be redeemable for the described service,
in case of failure or interruption of the project. by Stadio Plus. The tokens
and NFTs (non-fungible tokens) that may be acquired will not be held in custody
by entities legally authorized to provide investment services and
the registration technology that is planned to be used (blockchain) is new
and may entail significant risks. The issuer of the crypto assets is
solely responsible for the content of this white paper on the issuance of
tokens. This has not been reviewed or approved by any authority
jurisdiction of any Member State of the European Union.
risks
A token carries various risks implicitly. Below we will mention
some of them, there may be others. These risks can result in the
complete loss of the tokens, or their value. The holder of the token and
NFT (non-fungible tokens) assumes and fully understands all the
risks involved in a token. In no case, if the token loses value or
anything else happens, the Token Issuer will compensate the token holder
in any way.
- Risks associated with the offer and negotiation
- Liquidity risk: It is possible that
the token and NFT (non-fungible tokens) in question cannot be included in a
secondary market or that there is a lack of liquidity in OTC (over the
counter) markets. The company is not responsible for the fluctuations
that the token in question may suffer in any type of market or
that such types of markets allow the token to be listed,
which may entail illiquidity risks. Even if
the token were to be listed on a third-party platform, those
platforms may not have sufficient liquidity or may even
face risks of regulatory or compliance changes.
normative, being therefore susceptible to failure, fall or
manipulation. In addition, to the extent that a
third-party platform lists the token in question, granting an
exchange value to the token or NFT (non-fungible tokens) (either in crypto assets
or fiduciary money), said value may suffer volatility. As a
buyer in this type of assets, you assume all the risks
associated with speculation and risks mentioned above.
These types of assets are not covered by
customer protection mechanisms such as the Deposit Guarantee Fund or the
Investor Guarantee Fund. In addition, prices are not
constituted by means of mechanisms that ensure their correct
training unlike those found in
regulated markets. The acceptance of crypto assets as a means of exchange
is still very limited and there is no legal obligation to accept them
- Risks Associated with the execution of the project and/or the Issuer
- Forward-Looking Information Risk: Certain information contained in this
document is forward-looking, including
financial projections and business growth projections. Such
forward-looking information is based on what the Issuer’s management believes
to be reasonable assumptions, and there can be no assurance
that the results are actual. Future events could differ
materially from those anticipated. - Unanticipated risks: Cryptographic tokens are a
recently created technology that is in the testing phase. In addition
to the risks listed above, there are other risks
associated with its acquisition, storage, transmission and use,
including some that are difficult to anticipate. Said
risks can materialize even more with unforeseen variations
or derived from combinations of the
aforementioned risks. - Regulatory risk: Blockchain technology enables new forms
of interaction and it is possible that certain jurisdictions will apply
existing regulations or introduce new regulations that
address applications based on blockchain technology, which
may be contrary to the current configuration of smart
contracts and which may , among other things, lead to
substantial modifications in them, including their
termination and the loss of tokens for the subscriber. In relation to the
service provider or the issuer, if it is not located
in a country of the European Union, the resolution of any conflict
could be costly and fall outside the scope of competence of
the Spanish authorities. - Risk of failure or abandonment of the project: The development of the
project proposed by the Issuer in this document may
be impeded and ceased for different reasons, including lack
of interest on the part of the market, lack of financing, lack of
commercial success or prospects ( for example, caused by
competing projects). This issuance of tokens does not guarantee that the
objectives set out in this document will be
fully or partially developed. - Risk of competing companies: It is possible that other companies
could provide services similar to that of the company. The company
could compete with said other companies, which could have
a negative impact on the services provided by it.
- Risks associated with tokens and NFTs (non-fungible tokens) and the technology used
- High-risk product: This type of product has a high
implicit risk. The value of the tokens can experience variations
up and down and a subscriber may not recover the price
initially paid. There may also be changes in
tax rates and/or possible relief. The aforementioned
tax impositions and deductions always refer to
those in force and their value will depend on the circumstances of each
subscriber. Participation in this type of project must
always be done taking into account all the information provided by the
issuer. - Software risk: The computer code (smart contract) by which
the referred tokens are traded are based on the
Ethereum protocol or on which it is decided to issue the token as established in the
whitepaper. Any malfunction, crash or abandonment of
the Ethereum project or chosen network where the token is developed can
have adverse effects on the operation of the tokens in
question. On the other hand, technological advances in general and in
cryptography in particular, such as the development of quantum computing,
can bring with them risks that lead to the malfunction
of these tokens. Smart contracts and software in
they are based on are at an early stage of development.
There is no guarantee or way of ensuring that the issuance of tokens and
their subsequent commercialization can be interrupted or that they
suffer from any other type of error, so there is an
inherent risk of defects, failures and vulnerabilities
that may lead to the loss of contributed funds or
obtained tokens. There is a risk of attacks by hackers or computer hackers
on the technological infrastructure used by the Issuer and
on essential networks and technologies. As a result, the Issuer
may be partially, temporarily or even permanently prevented from
carrying out its business activities.
In the case of proof-of-work consensus mechanisms in
Ethereum, it could be the case that someone could control
more than 50% of the computational power of the
blockchain miners in a so-called 51% attack, and therefore Therefore, it takes
control of the network (the block chain). Using more than 50% of
the mining power (hashing power), the attacker will always represent the
majority, which means that he can impose his version of the
blockchain. In principle, this is also possible with less than
51% mining power.
Once the attacker has gained control of the network, he could
reverse or redirect the transactions he initiated, so it would be
possible to “double spend” (i.e. make multiple transactions
of the same token). The attacker can also block
others’ transactions by refusing confirmation. There could also
be other computer attacks on the Ethereum blockchain, the
software and/or the hardware used by the Issuer.
In addition to hacker attacks, there is a risk
that the Issuer’s employees or third parties may sabotage the
technology systems, which may cause the
Issuer’s hardware and/or software systems to fail. This could also have
a negative impact on the Issuer’s business activities. - Risk of custody / loss of private keys:
Tokens issued by the Issuer can only be subscribed using an
Ethereum digital wallet from which the token subscriber has their
respective private key and password. The private key, as a rule
, is usually encrypted by a password. The Issuer token acquirer
acknowledges, understands and agrees that if
your private key or password, of the tokens obtained and
associated with your Ethereum digital wallet, is lost or stolen, you may lose access
to your tokens permanently. In addition, any third party that
has access to the aforementioned private key could
misappropriate the tokens contained in the digital wallet in
question. Any errors or malfunctions caused by or
related in any way to the digital wallet or
token storage system in which the acquirer wishes to receive their
tokens could also result in a loss of the tokens. - Risk of theft: The concept of Smart Contracts, and the
software platform on which they work (ie Ethereum) can be exposed
to computer attacks or hacks by third parties, either
through malware attacks, denial of service attacks,
attacks consensus, Sybil attacks, smurfing and spoofing. Any
of these attacks could result in the theft or loss of the price
paid or of subscribed tokens and, in turn, could lead to the non
-achievement of the objectives set forth by the Issuer in this
document. - Risk of incompatible wallet services: The
digital wallet or digital wallet service provider used to receive
tokens must comply with the ERC-20 token standard to be
technically compatible with said tokens. Failure to
ensure such compliance may result in the
subscriber losing access to their tokens.
