Ensuring the security of our users’ data is our most important responsibility and we believe in transparency and openness. Here we set out in full the steps that we take to maintain your privacy and keep your data safe and secure at all times.
HMQ IS NOT A SECURITY AND THIS IS NOT AN OFFER TO BUY OR SELL A SECURITY. HMQ IS NOT AN INVESTMENT AND SHOULD NOT BE PURCHASED AS AN INVESTMENT.
Anyone purchasing or holding HMQ certifies that they are doing so out of a desire to use or consume HMQ on the Humaniq network, to participate in the Humaniq community and for the utility value of HMQ, and not for any speculative, investment or financial reasons.
HMQ and the Humaniq network are based upon the Ethereum protocol. As such, any malfunction, unintended function or unexpected functioning of the Ethereum protocol may cause the Humaniq network or HMQ to malfunction or function in an unexpected or unintended manner. Ether, the native unit of account of the Ethereum Protocol, may itself lose value in ways similar to HMQ, and also other ways. More information about the Ethereum protocol is available at http://www.ethereum.org. Humaniq takes no responsibility for outcomes on the Ethereum platform and acknowledges that any adverse outcomes on the Ethereum platform are outside of the direct or indirect control of Humaniq.
The coinholder may lose HMQ by carelessly or maliciously exercising any voting rights that may be associated with HMQ. Failing to vote as required by the Humaniq network may result in a loss of HMQ. Voting for an outcome that is in the minority of the recorded votes may result in a loss of HMQ. Coinholder understands that voting rights associated with HMQ must be exercised within the governing bounds of HMQ and the Humaniq project.
Any third party that gains access to the coinholder’s login credentials or private keys may be able to dispose of the coinholder’s HMQ. To minimize this risk, the coinholder should guard against unauthorized access to their electronic devices. Humaniq makes no representation that it will protect the coinholder’s login credentials, and it is the duty of the coinholder to guard against unauthorized access to their electronic devices, and Humaniq is in no way responsible for theft of login credentials as a result of the action of the user.
Blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning of the Humaniq network and HMQ could be impacted by one or more regulatory enquiries or actions, including but not limited to restrictions on the use or possession of digital tokens like HMQ, which could impede or limit the development of the Humaniq network. Competitive eSports and exchanges of value based on the outcomes of competitive eSports matches, the core business of the Company, have been, and will likely continue to be, the subject of scrutiny by various regulatory bodies around the world. The legal ability for the Company to operate the Humaniq network in some or all jurisdictions could be eliminated by future regulation or legal actions. In the event that it is not legal for the Humaniq network to operate in a jurisdiction, the Company will cease operations in that jurisdiction. There is a serious risk that the Company will be unable to operate if regulation makes it difficult to do so. Humaniq makes no representations that it has any special knowledge in terms of future regulatory actions by any jurisdiction globally, and makes no representation that these potential future regulatory actions will not adversely affect the value of the Humaniq network and HMQ.
Following the presale and the development of the initial version of the HMQ platform and Humaniq network, it is possible that alternative networks could be established, which utilize the same open source code and open source protocol underlying the Humaniq network. The official Humaniq network may compete with these alternative, unofficial HMQ-based networks, which could potentially negatively impact the Humaniq network and HMQ. Humaniq will make reasonable effort to generate alternative, unofficial Humaniq networks are not created, but makes no representation that this not occur due to circumstances outside of Humaniq’s control.
It is possible that the Humaniq network will not be used by a large number of businesses, individuals, and other organizations and that there will be limited public interest in the creation and development of distributed applications. Such a lack of interest could impact the development of the Humaniq network and therefore the potential uses or value of HMQ. Humaniq will make reasonable effort to generate sufficient interest in the Humaniq Network and distributed applications, but makes no representation that this will certainly occur.
The Humaniq network is presently under development and may undergo significant changes during development. Any expectations regarding the form and functionality of HMQ or the Humaniq network held by the coinholder may not be met upon release, for any number of reasons including a change in the design and implementation plans and execution of the Humaniq network. Humaniq will make reasonable effort to assure that the Humaniq Network, as developed, will meet the expectations of the coinholder of HMQ, but makes no representation that this will certainly occur.
Hackers or other groups or organizations may attempt to interfere with the Humaniq network or the availability of HMQ in any number of ways, including, but not limited to, denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks. Humaniq will exercise reasonable care in executing and enhancing the cybersecurity of the Humaniq network and protect against theft and hacking attacks, but makes no representation that this will certainly occur.
Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies and the Humaniq platform, which could result in the theft or loss of HMQ. Humaniq will exercise reasonable care in mitigating the risks posed by cryptographic advances and the development of quantum computing, but makes no representations that there will not be risk posed by these advances.
The Humaniq network consists of open-source software that is itself based on open-source software. There is a risk that the Humaniq team, or other third parties may intentionally or unintentionally introduce weaknesses or bugs into the core infrastructural elements of the Humaniq network interfering with the use of or causing the loss of HMQ. Humaniq will exercise reasonable care in correcting infrastructural weaknesses or bugs in the core infrastructural elements on the Humaniq network on a regular basis, but makes no representations that there will not be bugs or infrastructural weaknesses in the Humaniq network.
As with other decentralized cryptographic tokens and cryptocurrencies, the blockchain used for the Humaniq network is susceptible to mining attacks, including but not limited to, double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attacks present a risk to the Humaniq network, expected proper execution and sequencing of Humaniq markets, and expected proper execution and sequencing of Ethereum contract computations. Despite the efforts of the Company, the risk of known or novel mining attacks exists. Humaniq will exercise reasonable care in protecting against HMQ mining attacks, but makes no representations that mining attacks will not occur outside of the direct control of Humaniq.
While HMQ should not be viewed as an investment, it may potentially (but likely will not) gain value over time. That value may be limited if the Humaniq network lacks use and adoption. If this becomes the case, there may be few or no markets upon which to utilize HMQ, limiting the value of HMQ. Humaniq will exercise reasonable care in driving mass adoption of the Humaniq Network via aggressive fundraising, marketing, public relations, and earned media campaigns, but makes no representations that mass adoption and use of the Humaniq network will occur.
It is possible that, due to any number of reasons or risks, either disclosed or unforeseen, including without limitation, an unfavorable fluctuation in the value of Ether, Bitcoin, or other cryptographic and fiat currencies, unfavorable fluctuation in the value of HMQ, the failure of business relationships, the dissolution of partnerships, or competing intellectual property claims, the Humaniq network may no longer be a viable business and the Company may dissolve or the Humaniq network may fail to launch. Humaniq will exercise reasonable care in ensuring that dissolution of the Humaniq Project does not occur, but makes no representations that losses will not occur as the result of circumstances outside of Humaniq’s direct control.
Cryptocurrency and cryptographic tokens are a new and untested technology. In addition to the risks set forth here, there are risks that the Company cannot anticipate. Risks may further materialize as unanticipated combinations or variations of the risks set forth here. Humaniq will exercise reasonable care in ensuring that all risks are mitigated, but makes no representations that all risks associated with the Humaniq network, HMQ, and other cryptocurrency concerns have been fully disclosed in this document. To Humaniq’s best knowledge, the risks have been fully disclosed, but Humaniq makes no representations that there are not other risks outside of Humaniq’s direct control.
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