Project TXA
Search…
Legal Disclaimers
The communications in this GitBook are not for distribution to U.S. newswire or similar services or for any dissemination in the United States.
These communications shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, TXA or TXA DAO to any U.S. person (including, without limitation, any citizen or resident of the United States) or in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
Any and all information by or on this GitBook is provided for informational purposes only and is subject to change without notice. Some of the information may be dated and may not reflect the most current developments.
TXA reserves the right to do any of the following, at any time, without notice: (1) to modify, suspend, or terminate operation of or access to the GitBook, or any portion of the GitBook, for any reason; (2) to modify or change the GitBook, or any portion of the GitBook, and any applicable terms; and (3) to interrupt the operation of the GitBook, or any portion of the GitBook, as necessary to perform routine or non-routine maintenance, error correction, or other changes.
You acknowledge and agree that there are numerous risks associated with acquiring TXA tokens, holding TXA tokens, and using TXA tokens for participating in the TXA DSL. In the worst scenario, this could lead to the loss of all or part of TXA held. IF YOU DECIDE TO ACQUIRE TXA, YOU EXPRESSLY ACKNOWLEDGE, ACCEPT AND ASSUME THE FOLLOWING RISKS:

1. Uncertain Regulations and Enforcement Actions

The regulatory status of TXA tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. The regulation of virtual currencies 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 TXA tokens. Regulatory actions could negatively impact TXA in various ways. The issuer, the distributor(s) (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, ma 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. After consulting with a wide range of legal advisors and continuous analysis of the development and legal structure of virtual currencies, a cautious approach will be applied towards the distribution of TXA tokens. Therefore, for the token distribution, the distribution strategy may be constantly adjusted in order to avoid relevant legal risks as much as possible.

2. Inadequate disclosure of information

As of the date hereof, the TXA DSL 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 paper contains the most current information relating to the TXA DSL, it is not absolutely complete and may still be adjusted and updated from time to time. The TXA team has no ability and obligation to keep holders of TXA informed of every detail (including development progress and expected milestones) regarding the development of the TXA DSL, hence insufficient information disclosure is inevitable and reasonable.

3. Competitors

Various types of decentralized applications and networks are emerging at a rapid rate, and the industry is increasingly competitive. It is possible that alternative networks could be established that utilize the same or similar code and protocol underlying the TXA DSL and attempt to recreate similar facilities. The TXA DSL may be required to compete with these alternative networks, which could negatively impact the TXA token.

4. Loss of Talent

The development of the TXA DSL greatly depends on the continued cooperation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. The loss of any member may adversely affect the TXA DSL or its future development. Further, stability and cohesion within the team is critical to the overall development of the TXA DSL. There is the possibility that conflict within the team and/or departure of core personnel may occur, resulting in negative influence on the project in the future.

5. Failure to develop

There is the risk that the development of the TXA DSL 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 TXA tokens, unforeseen technical difficulties, and shortage of development funds for activities.

6. Security weaknesses

Hackers or other malicious groups or organizations may attempt to interfere with the TXA DSL 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 issuer, the distributor(s) or their respective affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of the TXA DSL, which could negatively affect TXA. Further, the future of cryptography and security innovations are highly unpredictable and advances in cryptography, or technical advances (including without limitation development development of quantum computing), could present unknown risks to TXA by rendering ineffective the cryptographic consensus mechanism that underpins that blockchain protocol.

7. Other risks

In addition, the potential risks briefly mentioned above are not exhaustive and there are other risks that the issuer its affiliates or parent, or the distributor(s) cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the aforementioned risks. You should conduct full due diligence on the issuer its affiliates or parent, the distributor(s), and the TXA team, as well as understand the overall framework, mission and vision for the TXA DSL prior to acquiring TXA tokens.