$BKCN Token Disclaimers

Last updated on February 3, 2022

 

The $BKCN Token has not been launched and may never be launched. While a launch date in Q3 of 2022 is currently contemplated, that launch may be postponed, cancelled or changed in the sole discretion of Bookcoin without any notice to holders of Founder’s Cards.  In addition, no representation as to any rights, uses, purpose, attributes, functionalities or features of any $BKCN Token and the rights, uses, purpose, attributes, functionalities or features of any $BKCN Token may change without notice to holders of Founder’s Cards.

Furthermore, despite our intensions to the contrary, any $BKCN Token may be classified as securities for purposes of US federal and state securities laws.  Each holder of a Founder’s Card understands and agrees that, to the extent any $BKCN Token are securities under US federal or state securities laws, Bookcoin will comply in all respects with US federal and state securities laws, including, but not limited to, registering any $BKCN Token under applicable US federal and state securities laws, requiring each holder of a Founder’s Card to satisfy a valid exemption from registration before becoming entitled to receive any $BKCN Token or restricting any transfer of $BKCN Token following the initial launch.

No promises of future performance or price are or will be made in respect to any $BKCN Token, including no promise of inherent value, no promise of continuing payments, and no guarantee that any $BKCN Token will hold any particular value.

If $BKCN Token is launched, there will be no immediate market for $BKCN Token and any $BKCN Token launch may not result in an active or liquid market for any $BKCN Token. $BKCN Token will be designed to be utilized solely within Bookcoin, hence there may be illiquidity risk with respect to any $BKCN Token held by each holder of a Founder’s Card. $BKCN Token will not be a currency issued by any central bank or national, supra-national or quasi-national organization, nor will it be backed by any hard assets or other credit nor will it be a "commodity" in the usual and traditional sense of that word.

Even if secondary trading of $BKCN Token is facilitated by third party exchanges, such exchanges may be relatively new and subject to little or no regulatory oversight, making them more susceptible to fraud or manipulation. Furthermore, to the extent that third parties do ascribe an external exchange value to $BKCN Token (e.g., as denominated in a digital or fiat currency), such value may be extremely volatile, decline below the price ascribed to $BKCN Token by a Founder’s Card holder, or diminish to zero.

If $BKCN Token is launched, $BKCN Token will not be structured, offered or issued as securities or any other form of investment product.  Accordingly, none of the information presented on this website or otherwise is intended to form the basis for any investment decision, and no specific recommendations are made or intended. Bookcoin expressly disclaims any and all responsibility for any direct or consequential loss or damage or any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained on this website or elsewhere, (ii) any error, omission or inaccuracy in any such information, (iii) any action resulting from such information or (iv) the offering, issuance or use of $BKCN Token.

If $BKCN Token is launched, $BKCN Token will be created and delivered to holders of Founder’s Cards at the sole risk of the holder on an “as is” and “under development” basis. Bookcoin makes no warranty whatsoever with respect to the $BKCN Token, including any (i) warranty of merchantability, (ii) warranty of fitness for a particular purpose, (iii) warranty of title, or (iv) warranty against infringement of intellectual property rights of a third party; whether arising by law, course of dealing, course of performance, usage of trade, or otherwise.  Each holder of a Founder’s Card acknowledges that it has not relied upon any representation or warranty made by Bookcoin or any other person on their behalf, including, but not limited to, conversations of any kind, whether through oral or electronic communication, or any white paper.

Without limited the generality of the foregoing, each holder of a Founder’s Card assumes all risk and liability for the results obtained by the use of any $BKCN Token and regardless of any oral or written statements made by Bookcoin, by way of technical advice or otherwise, related to the use of the $BKCN Token.