RISKS RELATING TO PARTICIPATION IN THE INITIAL COIN OFFERING
There is no prior market for IMV Tokens and the ICO may not result in an active or liquid market for the IMV Tokens Prior to the ICO, there has been no public market for the IMV Tokens. Although the Company will use reasonable endeavours to seek the approval for availability of the IMV Tokens for trading on a cryptocurrency exchange, there is no assurance that such approval will be obtained. Furthermore, even if such approval is granted by a cryptocurrency exchange, there is no assurance that an active or liquid trading market for the IMV Tokens will develop or if developed, be sustained after the IMV Tokens have been made available for trading on such cryptocurrency exchange. There is also no assurance that the market price of the IMV Tokens will not decline below the original purchase price (the “Purchase Price”). The Purchase Price may not be indicative of the market price of the IMV Tokens after they have been made available for trading on a cryptocurrency exchange.
Cryptocurrencies market is a dynamic arena and their respective prices are often highly unpredictable and volatile. The prices of Cryptocurrency are usually not transparent and highly speculative and susceptible to market manipulation. In the worst-case scenario, the product could be rendered worthless. Therefore, any prices displayed on any chart made available by us or by a third party will only reflect “indicative” prices and not necessarily actual “dealing” prices where trades can be executed. Cryptocurrency trading is prone to being misused for illegal activities due to the anonymity of transactions and investors would be adversely affected if law enforcement agencies investigate ay alleged illicit activities.
ACCORDINGLY, CRYPTOCURRENCIES SHOULD BE SEEN LIKE AS AN EXTREMELY HIGH-RISK ASSET AND YOU SHOULD NEVER INVEST FUNDS THAT YOU CANNOT AFFORD TO LOSE.
Given the foregoing, Cryptocurrencies are not appropriate for all investors. You should not deal in these products unless you have the necessary knowledge and expertise, you understand these products’ characteristics and your exposure to risk. You should also be satisfied that the product is suitable for you in light of your circumstances and financial position. In addition, use of our Services can never be considered a safe investment rather only an investment with a high risk of loss inherently associated with it. Furthermore, our own spread is added to online quotes which makes a trade on our websites even more volatile. The risk of loss in trading Cryptocurrencies can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should be aware that You may sustain a total loss of the funds in your Account. If the market moves against your position, you may be called upon by us to provide a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the required funds within the time required by us, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position.
IMV Token is not a currency issued by any central bank or national organization, nor is it backed by any hard assets or other credit. The Company is not responsible for nor does it pursue the circulation and trading of IMV Tokens on the market. Trading of IMV Tokens will merely depend on the consensus on its value between the relevant market participants, and no one is obliged to purchase any IMV Token from any holder of the IMV Token, including the purchasers, not does anyone guarantee the liquidity or market price of IMV Tokens to any extent at any time. Furthermore, IMV Tokens may not be resold to purchasers who are citizens or permanent residents of Singapore, and/or the USA (including its territories and possessions) or any other jurisdiction where the purchase of IMV Tokens may be in violation of applicable laws. Accordingly, the Company cannot ensure that there will be any demand or market for IMV Tokens, or that the Purchase Price is indicative of the market price of IMV Tokens after they have been made available for trading on a cryptocurrency exchange.
Future sales or issuance of the IMV Tokens could materially and adversely affect the market price of IMV Tokens.
There is no assurance that there will be any transaction volume such that you will receive any rewards anticipated to be distributed to active contributors of the ImmVRse platform. Further, even in the event there is substantial transaction volume and interactions among the contributors and the ImmVRse platform, there is no assurance you personally will receive any part of the rewards. There is no assurance of any success of ImmVRse Platform or any Future Business Line The value of, and demand for, the IMV Tokens hinges heavily on the performance of the ImmVRse platform and the accuracy of its hybrid intelligence technology. There is no assurance that the ImmVRse platform will gain traction after its launch and achieve any commercial success. the ImmVRse platform has not been fully developed and finalized and is subject to further changes, updates and adjustments prior to its launch. Such changes may result in unexpected and unforeseen effects on its projected appeal to contributors, possibly due to the failure to meet contributors’ preconceived expectations based on the beta version, and hence impact its success. While the Company has made every effort to provide a realistic estimate, there is also no assurance that the cryptocurrencies raised in the ICO will be sufficient for the development of the ImmVRse platform and/or for the proper structuring and licensing of the anticipated ImmVRse hybrid intelligence investment fund. As such, distributed IMV Tokens may hold little worth or value, and this would impact its trading price. The trading price of the IMV Tokens may fluctuate following the Initial Coin Offering The prices of cryptographic tokens in general tend to be relatively volatile, and can fluctuate significantly over short periods of time. The demand for, and corresponding the market price of, the IMV Tokens may fluctuate significantly beyond the control of ImmVRse.
Any future sale or issuance of the IMV Tokens would increase the supply of IMV Tokens in the market and this may result in a downward price pressure on the IMV Token. The sale or distribution of a significant number of IMV Tokens outside of the ICO (including but not limited to the sales of IMV Tokens undertaken after the completion of the initial coin offering, issuance of IMV Tokens to persons other than purchasers for purposes of community initiatives, business development, academic research, education and market expansion and issuance of IMV Tokens as a reward to contributors of the ImmVRse platform), or the perception that such further sales or issuance may occur, could adversely affect the trading price of the IMV Tokens.
Negative publicity may materially and adversely affect the price of the IMV Tokens
Negative publicity involving the Company, VRtualise Ltd, the ImmVRse platform, the IMV Tokens or any of the key personnel of the Company or Vote, Inc., may materially and adversely affect the market perception or market price of the IMV Tokens, whether or not it is justified.
The funds raised in the Initial Coin Offering are exposed to risks of theft.
IMMVRSE will make every effort to ensure that the funds received from the ICO will be securely held in a cold storage, and cold wallet address with access thereto by private keys held by reputable and trusted Stakeholders. Only core member involved in smart contract audit and token emission will have access to the wallet. Further, upon receipt of the funds from IMMVRSE will make every effort to ensure that the funds received by it from IMMVRSE will be securely held through the implementation of security measures.
Notwithstanding such security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the ICO website, in the smart contract(s) on which the escrow wallet and the ICO relies, on the Ethereum or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the ICO is completed, IMMVRSE may not be held responsible for incidences that are beyond IMMVRSE’s control.