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Terms and conditions
Important: NFUT CARDS reserves the right to make changes to maintain the economy of the project and the game, to adapt to changes in the market and thus avoid any errors or malfunctions that harm the sustainability of the project.
Summary
Abstract NFUT contains a business model based on the creation and offer of a soccer game based on Blockchain technology, based on non-fungible assets that represent different characters and attributes of the same.The objective of this Whitepaper is to inform potential investors that the investments described in this document may be of very high risk, even loss of the entire amount invested. The tokens that can 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.
This document is not an Informative Prospectus nor has it been subject to any type of review by the National Securities Market Commission (CNMV) or any other administrative authority. As published by the CNMV on September 20, 2018 in the document entitled "Criteria in relation to ICOs1 in accordance with document 1 "Q&A of Fintech2", previously published by the CNMV itself, in this specific Issue no Fintech Company will intervene.
Investment Services or ESI), as article 35.2 of the LMV does not apply, nor does the regulation on securities in general, since what is offered to the public is a "utility token".
Warning
- 1.By virtue of circular 1/2022 issued by the CNMV, it warns that: Crypto assets are high-risk financial products:.
- 2.The value of the investments and the return obtained from them may experience significant upward and downward variations, and the entire amount invested may be lost.
- 3.Investments in early-stage projects carry a high level of risk, so it is necessary to properly understand their business model.
- 4.Crypto assets within the scope of this Circular are not covered by customer protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.
- 5.The prices of crypto assets are constituted in the absence of mechanisms that ensure their correct formation, such as those present in regulated securities markets.
- 6.Many crypto assets may lack the liquidity to be able to unwind an investment without significant loss, as their circulation among investors, both retail and professional, can be very limited.
Technology risks:
- 1.Distributed ledger technologies are still in an early stage of maturity, many of these networks having been created recently, so they may not be sufficiently tested and there may be significant flaws in their operation and security.
- 2.The registry of transactions in networks based on distributed registry technologies works through consensus protocols that may be susceptible to attacks that try to modify said registry and, in the event of these attacks being successful, there would be no alternative registry to support said transactions. transactions nor therefore to the balances corresponding to the public keys, being able to lose all the crypto assets.
- 3.The anonymity facilities that crypto assets can provide make them a target for cybercriminals, since in the case of stealing credentials or private keys they can transfer the crypto assets to addresses that make it difficult or prevent their recovery.
- 4.The custody of crypto assets is a very relevant responsibility since they can be lost in their entirety in the event of theft or loss of private keys. The entity that performs the custody of the advertised crypto assets, the country in which it performs it and the applicable legal framework will be identified.
Legal risks:
- 1.The acceptance of crypto assets as a means of exchange is still very limited and there is no legal obligation to accept them.
- 2.When the service provider is not located in a country of the European Union, the resolution of any conflict could be costly and fall outside the scope of the Spanish authorities.
- 3.When the investor does not have the crypto assets, being in digital wallets ("wallets") of the service provider, and without access to their private keys, this situation will be indicated and the investor's rights over these crypto assets will be described.
- 4.This Whitepaper has not been subject to verification or registration in the official records of the National Securities Market Commission (“CNMV”). The ICO described in this Whitepaper is exempt from the obligation to publish an information prospectus by virtue of the provisions of letter e) of section article 35 of Royal Legislative Decree 4/2015, of October 23, approving the revised text of the Securities Market Law (hereinafter the "Securities Market Law").
- 5.The ICO described in this Whitepaper has not been rated by any credit rating agency.
- 6.Investors are warned that the functionalities of the future platform described in this Whitepaper are subject to change depending on the existence of technical limitations, legal, regulatory or product strategy changes during its development.
Definitions
- “NFUT CARDS”: PVP soccer game with blockchain technology and collections of NFTs as game assets where the player can play and earn tokens through the game and contribute to the ecosystem through the $NFUT token described in this Whitepaper.
- “ICO”: Issuance of Tokens under the terms and conditions established in this Whitepaper, to be carried out by NFUT CARDS, with the aim of raising sufficient financing for the creation of the necessary infrastructure and start-up of NFUT CARDS.
- “Token”: native token of the Platform, also called “NFUT”.
- “Whitepaper”: Document that contains information of interest regarding NFUT, as issuer, the ICO, the platform and the Tokens to be issued. The information contained in this document must (i) be presented in an easily analyzable and understandable way and (ii) allow investors to make an evaluation, with sufficient information, of the assets and liabilities, the financial situation, profits and losses, as well as as well as the perspectives of the Issuer and the rights inherent to the Tokens.
Interpretation
- In this Whitepaper, the terms and expressions in capital letters will have the meaning given to them in the previous section called “Definitions”.
- Plural terms must include their singular and vice versa.
- Any reference to any regulation shall be understood to be made to said regulation as it has been promulgated, corrected or extended, as appropriate.
- Any references to "including" or similar term shall be understood as "including, without limitation" or "including, but not limited to", as appropriate.
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