Risk Factors
The Golden Gate ecosystem is currently in the initial development phase and there are might be numerous unforeseeable risks. You acknowledge and agree the risks associated with acquiring GGFC, holding GGFC, and using GGFC for participating in the Golden Gate ecosystem. In the worst scenario, this could lead to the loss of all or part of GGFC held. If you decide to acquire GGFC or participate in the Golden Gate ecosystem, you expressly acknowledge, accept and assume the following
risks:
Uncertain Regulations and Enforcement Actions
The regulation of digital assets has become a primary target of regulation in all major countries in the world. It is impossible to predict how, when or whether regulatory agencies may apply existing regulations or create new regulations with respect to such technology and its applications, including GGFC and/or the Golden Gate ecosystem. Regulatory actions could negatively impact GGFC and/or the Golden Gate ecosystem in various ways. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction.
Inadequate disclosure of information
The Golden Gate ecosystem is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. Although this material contains the most current information relating to the Golden Gate ecosystem.
Failure to develop
There is the risk that the development of the Golden Gate ecosystem will not be executed or implemented as planned, for a variety of reasons, including without limitation the event of a decline in the prices of any digital asset, virtual currency or GGFC, unforeseen technical difficulties, and shortage of development funds for activities.
Security weaknesses
Hackers or other malicious groups or organizations may attempt to interfere with GGFC and/or the Golden Gate ecosystem 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, there is a risk that a third party or a member of the Company, the Distributor or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure 10 of GGFC and/or the Golden Gate ecosystem, which could negatively affect GGFC and/or the Golden Gate ecosystem. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development of quantum computing), could present unknown risks to GGFC and/or the Golden Gate ecosystem by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.
Other Risks
In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks (as more particularly set out in the Terms and Conditions) associated with your participation in the Golden Gate ecosystem, as well as acquisition of, holding and use of GGFC, including those that the Company or the Distributor cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the Company, the Distributor, their respective affiliates, and the GGFC early contributors, as well as understand the overall framework, mission and vision