PLEASE READ THESE TERMS AND CONDITIONS, WHICH APPLY TO ALL PURCHASES OF BLOCKMASON’S CP TOKENS, INCLUDING THE LICENSE TERMS, THE DISCLAIMER OF WARRANTIES, THE BINDING ARBITRATION CLAUSE, AND THE CLASS ACTION WAIVER. ALL THE TERMS AND CONDITIONS AFFECT YOUR LEGAL RIGHTS. IF YOU PURCHASE CP TOKENS, YOU THEREBY AGREE TO THESE TERMS. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF SALE, DO NOT PURCHASE CP TOKENS.
"CP": Blockmason’s Ethereum network-based Control Protocol system "Lndr": Blockmason’s dapp, i.e., Ethereum network-based app Lndr, a beta version of which is available at lndr.io, and which is built upon CP and operates in conjunction with CP "CP Tokens": Tokens created by Blockmason that give the owner (a) a license to use CP, Lndr and any other applications built upon CP by Blockmason "CP Network": The Ethereum-based system of CP with a finite transaction-per-time capacity "TSE": Blockmason’s token sale event offering CP Tokens "You, your, yours": refers to purchasers of CP Tokens "Company, we, us": refers to Blockmason "Terms": The Terms and Conditions contained herein
Blockmason grants you and every purchaser and acquirer of CP Tokens a fully-paid-up license, for as long as you hold CP Tokens, to perform transactions on the CP smart contract up to but not exceeding the rate of transactions per hour per CP Token that is determined by the CP smart contract as modified from time to time by Blockmason in its discretion or by Blockmason’s assignee. The limiting rate of transactions per hour per CP Token applies also to transactions on any derivative work of CP, and Blockmason allows persons to create and provide such derivative works only on condition that they enable Blockmason to verify the monthly number of transactions performed on their derivative work and the number of CP tokens they hold.
Company is creating a total of 116,158,667 CP Tokens, and no more than that total of CP Tokens shall ever be created by the Company.
Company will use commercially reasonable efforts to monitor the usage, capacity and potential congestion of the CP Network and may accordingly adjust the amount of CP Network usage allowed per CP Token.
Blockmason has developed and has offered CP and Lndr as open source software-based systems, and you will have continuing access to the open source feature of CP and Lndr.
Company will use commercially reasonable efforts to provide maintenance and support for CP and Lndr. Your contact point for maintenance and support is support@Blockmason.io.
Company offers and sells to you the CP Tokens and the license embodied by the CP Tokens for CP and Lndr on as "AS IS" basis. You acquire your CP Tokens and accompanying license on the basis of the beta versions of CP and Lndr as of the time you purchase your CP Tokens, and on the basis of the open source documentation made available by the Company as of that time.
THE COMPANY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES RELATED TO CP AND Lndr AND CP TOKENS, INCLUDING WITHOUT LIMITATION IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT; THE COMPANY DOES NOT WARRANT THAT CP AND Lndr AND CP TOKENS WILL MEET YOUR REQUIREMENTS OR NEEDS, OR THAT THE COMPANY WILL SUCCESSFULLY REMEDY ANY BUGS OR FLAWS THAT ARE EXPERIENCED, OR THAT CP TOKENS WILL BE SUCCESSFULLY DELIVERED IN A PROBLEM-FREE MANNER.
TO THE FULL EXTENT PERMISSIBLE UNDER LAW OF ANY APPLICABLE JURISDICTION, THE COMPANY AND ITS OFFICERS, DIRECTORS AND EMPLOYEES WILL NOT BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES OF ANY KIND (INCLUDING WITHOUT LIMITATION LOST PROFITS OR REVENUE, BUSINESS INTERRUPTION, AND LOSS OF DATA OR THE USABILITY THEREOF), RELATED TO THE OFFER OR SALE OR USE OF CP TOKENS OR THE CP AND Lndr APPS, SYSTEMS AND NETWORK, REGARDLESS OF THE FORM OF LEGAL ACTION INVOLVED, WHETHER CONTRACT, TORT OR ANY OTHER THEORY IN LAW OR EQUITY, EVEN IF THE COMPANY AND PARTIES ASSOCIATED WITH IT HAVE BEEN ADVISED THAT SUCH DAMAGES ARE POSSIBLE, AND REGARDLESS WHETHER SUCH DAMAGES WERE FORESEEABLE).
IN NO EVENT WILL THE AGGREGATE LIABILITY OF THE COMPANY AND RELATED PERSONS (INCLUDING WITHOUT LIMITATION THE COMPANY’S DIRECTORS, OFFICERS AND EMPLOYEES) TO ANY PLAINTIFF IN RELATION TO THE CP TOKENS AND THE CP AND Lndr SYSTEMS EXCEED THE AMOUNT PAID BY SUCH PLAINTIFF FOR CP TOKENS, EXCEPT SUCH LIABILITY INVOLVES INTENTIONAL, WILLFUL OR GROSSLY NEGLIGENT MISCONDUCT BY THE DEFENDANT.
Because some legal jurisdictions forbid some limitations on special damages, or do not allow software and service providers to disclaim certain warranties, some of the above disclaimers of warranties, limitations of liability and limitations of damages may not apply to you.
You are responsible to determine whether you are subject to any particular law or regulation in your home or business jurisdiction that would restrict or prohibit your purchase of CP Tokens.
The Company’s sale of CP Tokens will take place in accordance with the announcement published by the Company at [https://blockmason.io/blog/2017/09/16/token-sale/](https://blockmason.io/blog/2017/09/16/token-sale/).
All sales of CP Tokens by the Company are final, except as provided by any particular law or regulation of a jurisdiction. The Company has the right to refuse to sell CP Tokens in its sole discretion.
You should evaluate whether to purchase CP Tokens by the usability and value to you of the CP and Lndr systems as available for use and testing in beta version at fiddy.io, as well as your own personal and business plans for use and development of CP and dapps built upon CP. CP Tokens do not include or confer any type of ownership in the Company or its intellectual property. CP Tokens are intended to convey the license rights described above and are not intended to be a security. They are an investment in *your *ability to use, develop and profit from the license rights you are purchasing in CP and Lndr when you purchase CP Tokens; they are not an investment in *our* company or in our future efforts.
You are responsible for taking reasonable measures to secure the wallet or other storage device you use to receive and hold CP Tokens, including any relevant private key or credential related to accessing such storage device. You understand that if you lose your private key or credential, you risk losing access to your CP Tokens. The Company is not responsible for such losses and is not obligated to restore lost CP Tokens.
The use of CP Tokens in connection with CP, Lndr and other dapps that may be built upon CP in the future by the Company may be governed by other applicable terms, conditions and policies ("New Terms") published online or otherwise by the Company. We may add to, update or otherwise modify such New Terms in our sole discretion; and if there is any resulting conflict with between the New Terms and the Terms contained herein, the New Terms will govern.
If any portion of these Terms is held invalid or unenforceable, that portion shall be severable from the other Terms, which shall be enforced notwithstanding the invalidity or unenforceability of such portion of the Terms.
The Company is incorporated in Belize and has responsibility for the creation, maintenance and support of CP and Lndr, and for the creation, offer and sale of CP Tokens.
By transferring Ether to the smart contract system ("Smart Contract System"), to purchase CP Tokens from us, you represent and warrant that:
- You have read and understand these Terms & Conditions;
- You have a sufficient understanding of the functionality of CP and Lndr, of CP Tokens, and of ETH, to understand these Terms and to appreciate the risks and implications of purchasing CP Tokens;
- You have had full opportunity to review the code of the Smart Contract System viewable in Blockmason’s github repository located at the following addresses: [https://github.com/blockmason/friend-in-debt-UI](https://github.com/blockmason/friend-in-debt-UI) [https://github.com/blockmason/credit-protocol](https://github.com/blockmason/credit-protocol) [https://github.com/blockmason/tce-contracts](https://github.com/blockmason/tce-contracts) and fully understand and accept the functions implemented therein;
- You have obtained sufficient information about CP Tokens to make an informed decision to purchase CP Tokens;
- You understand the restrictions and risks associated with the creation of CP Tokens by the Smart Contract System as set forth herein, and acknowledge and assume all such risks;
- You understand, acknowledge and assume the risks associated with the purchase, holding and use of CP Tokens in connection with the Services and Platform, as explained and disclosed herein;
- You understand that CP Tokens confer only the rights described in the Licensing section herein, and confer no other rights with respect to the Company or its corporate affiliates or property, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property), or other financial or legal rights;
- You are purchasing CP Tokens solely for the purpose of using, developing, marketing, and experimenting with CP and Lndr and other dapps to be created upon CP and not for purposes of investment in a security;
- Your purchase of CP Tokens complies with applicable law and regulation in your jurisdiction, including, but not limited to, (i) legal capacity and any other applicable legal requirements in your jurisdiction for purchasing CP Tokens, using CP Tokens, and entering into contracts with us, (ii) any foreign exchange or regulatory restrictions applicable to such purchase, and (iii) any governmental or other consents that may need to be obtained;
- You are NOT a Chinese Citizen;
- You do not reside in the People’s Republic of China;
- You are not using this Token Sale as a means to move currency or money out of the People’s Republic of China;
- You will comply with any applicable tax obligations in your jurisdiction arising from your purchase of CP Tokens;
- If you are purchasing CP Tokens on behalf of any entity, you are authorized to accept these Terms on such entity’s behalf and that such entity will be responsible for breach of these Terms by you or any other employee or agent of such entity (references to "you" in these Terms refer to you and such entity, jointly);
- You are not, nor are you an agent of, (i) a citizen or resident of a country or territory in which access to or use of the CP or Lndr is prohibited by applicable law, decree, regulation, treaty, or administrative act, (ii) a citizen or resident of, or located in, a country or territory that is subject to sanctions or embargoes imposed by the United States or any other country, or (iii) an individual or entity, nor an individual or entity employed by, acting on behalf of, or affiliated with an entity, identified on the U.S. Department of Commerce’s Denied Persons or Entity List, the U.S. Department of Treasury’s Specially Designated Nationals and Blocked Persons Lists, or the U.S. Department of State’s Debarred Parties List (collectively, "Restricted Party Lists"). You further agree that you will not use the CP Tokens or CP or Lndr in connection with transactions (i) in any country or territory that is subject to U.S. or other sanctions or embargoes, (ii) with any individual or entity that is identified on the Restricted Party Lists, nor (iii) otherwise prohibited by U.S. sanctions and export control laws and regulations including the sanctions regulations administered by the U.S. Department of the Treasury Office of Foreign Assets Control, 31 C.F.R. §§ 500-599, and the Export Administration Regulations, 15 C.F.R. §§ 730-774. You agree that if your country of residence or any other circumstances change such that the above representations are no longer accurate, then you will immediately cease using the Services and notify the Company. If you are registering to use the Services on behalf of a legal entity, you further represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization, and (ii) you are duly authorized by such legal entity to act on its behalf.
To the fullest extent permitted by applicable law, you will indemnify, defend and hold harmless Company and our respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns (the "Company Parties") from and against all claims, demands, actions, damages, losses, costs and expenses (including attorneys’ fees) that arise from or relate to: (i) your purchase or use of CP Tokens, (ii) your responsibilities or obligations under these Terms, (iii) your violation of these Terms, or (iv) your violation of any rights of any other person or entity.
Company reserves the right to exercise sole control over the defense, at your expense, of any claim subject to indemnification under these Terms. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Company.
We may determine, in our sole discretion, that it is necessary to obtain certain information about you in order to comply with applicable law or regulation in connection with selling CP Tokens to you. You agree to provide us such information promptly upon request, and you acknowledge that we may refuse to sell CP Tokens to you until you provide such requested information and we have determined that it is permissible to sell you CP Tokens under applicable law or regulation.
The purchase price that you pay for CP Tokens is exclusive of all applicable taxes. You are responsible for determining what, if any, taxes apply to your purchase of CP Tokens, including, for example, sales, use, value added, and similar taxes. It is also your responsibility to withhold, collect, report and remit the correct taxes to the appropriate tax authorities. We are not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or similar tax arising from your purchase of CP Tokens.
PLEASE READ THE FOLLOWING SECTION CAREFULLY BECAUSE IT CONTAINS ADDITIONAL PROVISIONS APPLICABLE ONLY TO PERSONS LOCATED, RESIDENT, OR DOMICILED IN THE UNITED STATES. IF YOU ARE SUCH A PERSON, THIS SECTION REQUIRES YOU TO ARBITRATE CERTAIN DISPUTES AND CLAIMS WITH THE COMPANY, AND THE SECTION LIMITS THE MANNER IN WHICH YOU CAN SEEK RELIEF FROM US.
Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, "Disputes") in which either Party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Company (i) waive your and Company’s respective rights to have any and all Disputes arising from or related to these Terms resolved in a court, and (ii) waive your and Company’s respective rights to a jury trial. Instead, you and Company will arbitrate Disputes through binding arbitration (which is the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it instead of having the Dispute decided by a judge or jury in court).
No Class Arbitrations, Class Actions or Representative Actions. Any Dispute arising out of or related to these Terms is personal to you and the Company, and will be resolved solely through individual arbitration, and will not be brought as a class arbitration, class action or any other type of representative proceeding. There will be no class arbitration or arbitration in which an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
Federal Arbitration Act. The enforceability of this Binding Arbitration section will be both substantively and procedurally governed by and construed and enforced in accordance with the Federal Arbitration Act, 9 U.S.C. § 1 et seq. (the "FAA"), to the maximum extent permitted by applicable law.
Notice; Informal Dispute Resolution. Each Party will notify the other Party in writing of any Dispute within thirty (30) days of the date it arises, so that the Parties can attempt in good faith to resolve the Dispute informally. Notice to Company shall be sent by e-mail to Company at email@example.com. Notice to you shall be by email to the then-current email address in your Account. Your notice must include (i) your name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that you are seeking. If you and Company cannot agree how to resolve the Dispute within thirty (30) days after the date notice is received by the applicable Party, then either you or Company may, as appropriate and in accordance with this Binding Arbitration section, commence an arbitration proceeding or, to the extent specifically provided herein, file a claim in court.
Any arbitration will occur in Boston, Massachusetts. Arbitration will be conducted confidentially by a single arbitrator in accordance with the rules then in effect of the American Arbitration Association, which are hereby incorporated by reference. The state and federal courts located in Suffolk County, Massachusetts will have exclusive jurisdiction over any appeals and the enforcement of an arbitration award. You may also litigate a Dispute in the small claims court located in the county where you reside if the Dispute meets the requirements to be heard in small claims court.
Authority of Arbitrator. As limited by the FAA, these Terms and the applicable American Arbitration Association rules, the arbitrator will have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
Severability of Dispute Resolution; Arbitration. If any term, clause or provision of this Binding Arbitration section is held invalid or unenforceable, it will be so held to the minimum extent required by law, and all other terms, clauses and provisions of this section and of these Terms will remain valid and enforceable. Further, the waivers set forth herein are severable from the other provisions of these Terms and will remain valid and enforceable, except as prohibited by applicable law.
These Terms will be governed by and construed and enforced in accordance with the laws of the State of Delaware, without regard to conflict of law rules that would cause the application of the laws of any other jurisdiction.
These Terms constitute the entire agreement between you and us relating to your purchase of CP Tokens from us. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms at https://blockmason.io/projects/sale/ and update the "Last Updated" date above. We may also attempt to notify you through the CP Tokens website at https://blockmason.io/projects/sale/. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control. Purchasing CP Tokens from us does not create any form of partnership, joint venture or any other similar relationship between you and us. Except as otherwise provided in herein, these Terms are intended solely for the benefit of you and us and are not intended to confer third-party beneficiary rights upon any other person or entity. You agree and acknowledge that all agreements, notices, disclosures, and other communications that we provide to you, including these Terms, will be provided in electronic form. Tokens Functionality
By purchasing CP Tokens, you acknowledge that you understand and have no objection to these token specifications, procedures and terms:
- Total CP Tokens to be created: 116,158,667 Credit Protocol Tokens
- Tokens to be sold to the public: 33,700,000 Credit Protocol Tokens (29%)
- Tokens to be sold to early purchasers: 36,000,000 Credit Protocol Tokens (31%)
- Tokens to be Airdropped: 5,807,933 Credit Protocol Tokens (5%)
- Tokens to be Distributed to Advisors and Strategic Partners: 5,807,933 Credit Protocol Tokens (5%)
- Developers Pool: 23,226,934 Credit Protocol Tokens (20% and subject to a 12 month lock up period following the close of the sale)
- Staking Pool: 11,615,867 Credit Protocol Tokens (10%)
There is no sale price for Airdrop Pool, Advisory Pool, Developer Pool, or Staking Pool Tokens, which were created by the Smart Contract System and pre-allocated to the relevant parties before the Sale Period. In order to purchase CP Tokens during the Sale Period, and to receive the CP Tokens you purchase, you must have an Ethereum wallet that supports the ERC20 token standard. The Company reserves the right to prescribe additional wallet requirements.
To initiate a purchase of CP Tokens during the Sale Period, you must send an amount of Ether to an Ethereum address (the "CP Tokens Token Address") and you must agree to these Terms. Sending Ether to the CP Tokens Token Address during the Sale Period triggers a smart contract operation, pursuant to which the Smart Contract System will automatically deliver CP Tokens to the ERC20 wallet address from which the Ether were sent to all buyers at the close of the token sale event at the same time.
Ether must be sent to the CP Tokens Token Address during the Sale Period in order to purchase and receive CP Tokens. Sending Ether to any other address may result in loss of Ether. Attempted transactions to purchase CP Tokens will be rejected if Ether is sent to the CP Tokens Token Address at any time before or after the Sale Period.
The Company’s sale of CP Tokens will begin at approximately October 1st, UTC 1600. The first five days of the token sale period will be opened to Ethereum addresses signed up to the token sale whitelist only, with a cap of 5.38170221247757624 ETH per whitelist address. Any transactions which send an amount higher than 5.38170221247757624 ETH will be rejected and the full amount will be returned to the sender.
Following the close of the allocated 5.38170221247757624 ETH whitelist purchase period at approximately October 6th UTC 1600, there will be a two-day unlimited purchase period for all whitelisted Ethereum addresses. Following the close of this unlimited purchase period for whitelisted addresses, the sale will be open to the general public.
The Token Create Event will stop at the earlier of i) sell out of 27,000 ETH, or ii) November 1st UTC 1600.
1 Ether will purchase 1,000 CP Tokens, plus an additional bonus based on the table below in a "first come, first serve".
05,00050%1,500 5,00110,00035%1,350 10,00115,00025%1,250 15,00121,00015%1,150 21,00127,0005%1,050
By purchasing, holding and using CP Tokens, you expressly acknowledge and assume the following risks:
A private key, or a combination of private keys, is necessary to control and dispose of CP Tokens stored in your digital wallet or vault. Accordingly, loss of requisite private key(s) associated with your digital wallet or vault storing CP Tokens will result in loss of such CP Tokens. Moreover, any third party that gains access to such private key(s), including by gaining access to login credentials of a digital wallet or vault service you use, may be able to misappropriate your CP Tokens. Any errors or malfunctions caused by or otherwise related to the digital wallet or vault you choose to receive and store CP Tokens, including your own failure to properly maintain or use such digital wallet or vault, may also result in the loss of your CP Tokens. Additionally, your failure to follow precisely the procedures set forth herein for buying and receiving CP Tokens, including, for instance, if you provide the wrong address for receiving CP Tokens, may result in the loss of your CP Tokens.
Because CP Tokens and the Credit Protocol are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on Blockmason or CP Tokens. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to CP Tokens and Blockmason, including the utility of CP Tokens, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
As with other decentralized cryptographic tokens based on the Ethereum protocol, CP Tokens are susceptible to attacks by miners in the course of validating CP Tokens transactions on the Ethereum blockchain, including, but not limited, to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to Blockmason and the Credit Protocol, including, but not limited to, accurate execution and recording of transactions involving CP Tokens.
Hackers or other malicious groups or organizations may attempt to interfere with Blockmason or CP 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. There could be illiquidity risk with respect to CP Tokens you hold.
Unlike bank accounts or accounts at some other financial institutions, CP Tokens are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer, such as the Federal Deposit Insurance Corporation, or private insurance arranged by us, to offer recourse to you.
The regulatory status of CP Tokens and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory agencies may apply existing regulation with respect to such technology and its applications. It is likewise difficult to predict how or whether legislatures or regulatory agencies may implement changes to law and regulation affecting distributed ledger technology and its applications, including Blockmason and CP Tokens.
Regulatory actions could negatively impact Blockmason and CP Tokens in various ways, including, for purposes of illustration only, through a determination that CP Tokens are a regulated financial instrument or security that require registration and/or licensing. Blockmason 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.
The tax characterization of CP Tokens is uncertain. You must seek your own tax advice in connection with purchasing CP Tokens, which may result in adverse tax consequences to you, including withholding taxes, income taxes and tax reporting requirements.
It is possible that alternative platforms could be established that utilize the same open source code and protocol underlying the Credit Protocol and attempt to facilitate services that are materially similar in nature. Blockmason may compete with these alternative platforms, which could negatively impact the Credit Protocol and CP Tokens. The Company will seek to limit such competition through the filing for and use of patents, yet there are risks that the Company will be unsuccessful in doing so.
It is possible that the Credit Protocol will not be used by a large number of individuals, companies and other entities or that there will be limited public interest in the creation and development of distributed platforms more generally. Such a lack of use or interest could negatively impact the development of the Credit Protocol and the potential utility of CP Tokens.
The Credit Protocol is still under development and may undergo significant changes over time. Although we intend for CP Tokens and Blockmason to follow the specifications set forth herein, and will take commercially reasonable steps toward those ends, we may have to make changes to the specifications of CP Tokens or Blockmason for any number of legitimate reasons. This could create the risk that CP Tokens or Blockmason, as further developed and maintained, may not meet your expectations at the time of purchasing CP Tokens. Furthermore, despite our good faith efforts to develop and maintain the Credit Protocol, it is still possible that it may experience malfunctions or otherwise fail to be adequately developed or maintained, which may negatively impact the Credit Protocol and the potential utility of CP Tokens.
Cryptographic tokens such as CP Tokens are a new and untested technology. In addition to the risks included herein, there are other risks associated with your purchase, holding and use of CP Tokens, including those that the Company cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed herein.