Disclaimer
The information produced on this website and in any associated literature has been prepared for distribution for informational purposes only. No regulatory authority has examined or approved any of the information set out in this crypto summary. The documentation may also not be exhaustive and does not imply any elements of a contractual relationship or obligations. Although every effort has been made to ensure the accuracy and relevance of any comments regarding possible material produced, these statements do not contain professional investment advice. The Company reserves the right to modify or update this information contained herein at any time without notice. You should contact relevant independent professional advisors before relying or making any commitments or transactions based on the material provided.
The information provided in this summary of BGACT, together with any of its strategies and potential operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction – and its content is not prescribed by securities laws. Information contained in this presentation should therefore not be relied upon as advice to buy, sell, or hold BGACT or any other crypto.
The information contained in this summary is intended only for the persons to whom it is transmitted for the purposes of evaluating BGACT. The information contained in this writing supersedes any prior presentation or conversation concerning BGACT. Any information, representations, or statements contained herein shall not be relied upon for any investment purpose. Neither we nor any of our representatives shall have any liability whatsoever, under contract, tort, trust, or otherwise, to you or any person resulting from the use of the information to you or any of your representatives or for any possible omissions from the information in this presentation. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this presentation.
Blockchain and Software Risks
Blockchain Delay Risk
On most standard blockchains, the timing of block production is determined by proof-of-work, proof-of-stake, or another verification method – so block production can occur at random times. For example, the cryptocurrency transferred in the final seconds of a distribution period during the crypto sales may not get included for that specific period. Any buyer should acknowledge and understand that the relevant blockchain may not include the Buyer’s transaction at the time the Buyer expects, and the Buyer may not receive the expected crypto value in this regard.
Risk of Software Weaknesses
The concept of token smart contract, which creates the mechanism of creation and distribution of the Tokens (“Tokens Smart Contracts”), the underlying software application and software platform are, in most cases, still in an early development stage and unproven. There is no representation and warranty that the process for creating crypto Tokens will be uninterrupted or error-free. There is an inherent risk that the software could contain weaknesses, vulnerabilities, or bugs causing, inter alia, the complete loss of the cryptocurrency and/or the Tokens.
Risk of New Technology
The Platform, the Protocol, the Tokens, and all of the matters set forth in this write-up are mostly new and untested. The Platform, the Protocol, and the Tokens might not be capable of completion, creation, implementation, or adoption. It is possible that no blockchain utilizing the Platform or the Protocol will ever be launched. Buyers of BGACT should not rely on the Platform, the Protocol, the Tokens Smart Contracts, or the ability to receive tokens associated with the Platform or the Protocol in the future. Even if the Platform and the Protocol are completed, implemented, and adopted, it might not function as intended, and any Tokens may not have functionality that is desirable or valuable. Also, technology is changing rapidly, so the Platform, the Protocol, and the Tokens may become outdated.
Security Risks
Risk of Loss of Private Keys
The BGACT purchased by Buyer may be held by Buyer in Buyer’s digital wallet or vault, which requires a private key, or a combination of private keys, for access. Accordingly, the loss of requisite private keys associated with such Buyer’s digital wallet or vault storing the Tokens will result in the loss of such Tokens, access to Buyer’s token balance, and/or any initial balances in blockchains created by third parties. Moreover, any third party that gains access to such private keys, including by gaining access to login credentials of a hosted wallet or vault service the buyer uses, may be able to misappropriate the Buyer’s Tokens. BGACT management company and related parties are not responsible for any such losses.
Lack of the Tokens Security
The BGACT coin may be subject to expropriation and/or theft. Hackers or other malicious groups or organizations may attempt to interfere with the Tokens Smart Contracts or the Tokens 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, because the relevant blockchain platform rests on open-source software, there is always the risk that such smart contracts may contain intentional or unintentional bugs or weaknesses, which may negatively affect BGACT – or result in the loss of the BGACT Tokens, including the loss of ability to access or control the Tokens. In the event of such a software bug or weakness, there may be no remedy, and holders of the Tokens are not guaranteed any remedy, refund, or compensation.
Risk of Mining Attacks
The blockchain used for the Tokens Smart Contracts for BGACT is always susceptible to mining attacks, including double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attacks present a risk to the BGACT Tokens Smart Contracts, otherwise we expect proper execution and sequencing of the Tokens transactions and sequencing of contract computations.
Failure to Map a Public Key to Buyer’s Account
Failure of the buyer of the Tokens to map a public key to such buyer’s account may result in third parties being unable to recognize the buyer’s Tokens balance on the selected blockchain – when and if they configure the initial balances of a new blockchain based upon the BGACT Platform and the Protocol.
Risk of Incompatible Wallet Service
The wallet or wallet service provider used for the acquisition and storage of BGACT has to be technically compatible as directed. The failure to assure this fit may have the result that a buyer of BGACT might not gain access to his or her BGACT.
Risk of an Unfavorable Fluctuation of Cryptocurrency Value
The proceeds of the sale of BGACT will be denominated in cryptocurrency and may be converted into other cryptographic and fiat currencies such as USD. If the value of cryptocurrencies fluctuates unfavorably during or after the issuing of BGACT, the management company and any associated parties may not be able to maintain the BGACT Project in the manner that it intended.
Risk Arising from Emerging Markets
The BGACT management company or other externally associated parties may operate on emerging markets. Such emerging markets are subject to greater risks than more developed markets, including significant legal, economic, and political risks. Most such emerging economies are subject to rapid change, and the information set out in this high-level crypto market summary may become outdated relatively quickly.
Background Information
Blockchain is a new distributed-infrastructure and computing paradigm. It uses the blockchain data structure to verify and store data, the distributed-node-consensus algorithm to generate and upgrade data, cryptography to safeguard the process of data transmission and data access, and smart contracts, consisting of automated scripts to write codes and process data.
Blockchain symbolizes the beginning of a reliable Internet environment. Blockchain is attractive because trust can be built peer-to-peer on the network, making the value-transmission process transparent and confidential without intervention from intermediaries. This mechanism is co-determined, but it can also protect individual rights, making the value exchange more efficient and less costly.