Comment on page
Start-up companies such as the Seller involve a high degree of risk. Financial and operating risks confronting start-up companies are significant, and the Seller is not immune to these. Start-up companies often experience unexpected problems in the areas of product development, marketing, financing, and general management, among others, which frequently cannot be solved.
It is possible that, due to any number of reasons, including, but not limited to, an unfavourable fluctuation in the value of virtual and/or fiat currencies, decrease in the utility of RIFI due to negative adoption of the Platform, the failure of commercial relationships, or intellectual property ownership challenges, the Platform may no longer be viable to operate and the Seller or any Group Entity may be dissolved.
Because RIFI confers no governance rights of any kind with respect to the RIFI platform or any Group Entity, all decisions involving the RIFI platform or any Group Entity will be made by the relevant Group Entity at its sole and absolute discretion, including, but not limited to, decisions to discontinue the services and/or ecosystem on the RIFI platform, to create and sell more RIFI for use in the ecosystem on the Platform, or to sell or liquidate any Group Entity. These decisions could adversely affect the Platform and RIFI you hold.
There is the risk that the development of the Platform 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 RIFI, unforeseen technical difficulties, and shortage of development funds for activities.
As the Platform may provide a decentralised cloud storage service to individual and institutional clients, including users and applications, the Platform (and services thereon) are susceptible to a number of risks related to the storage of data in the cloud. The Platform (and services thereon) may involve the storage of large amounts of sensitive and/or proprietary information, which may be compromised in the event of a cyberattack or other malicious activity. Similarly, the Platform and/or services thereon may be interrupted and files may become temporarily unavailable in the event of such an attack or malicious activity. Because users can use a variety of hardware and software that may interface with the Platform, there is the risk that the Platform and/or services thereon may become unavailable or interrupted based on a failure of interoperability or an inability to integrate these third-party systems and devices that the Group Entities do not control. The risk that the Platform and/or services thereon may face increasing interruptions and the ecosystem on the Platform may face additional security vulnerabilities could adversely affect the Platform and ecosystem thereon, and therefore the future utility of any RIFI that you hold.
In addition to the aforementioned risks, there are other risks associated with your purchase, holding and usage of RIFI, including those that the Seller cannot anticipate. Such risks may further materialise as unanticipated variations or combinations of the aforementioned risks.