*๏ธRisks related to this offering
Last updated
Last updated
The concept of TGE
The concept of a Token Generation Event (TGE) for the YHDL token is typical for Ethereum platform launches but still carries inherent risks. Although the process is straightforward, there is no assurance that participants will utilize the YHDL tokens post-TGE. This could affect the successful launch and operation of the associated platform. Additionally, despite the simplicity of the launch, vulnerabilities in smart contracts, phishing attacks, or other unforeseen issues could lead to potential losses for participants.
Higher Risk for Early Purchasers of YHDL Token
Purchasers in the early phases of the YHDL Token Generation Event (TGE) will bear a higher risk. The proceeds from this offering will be used as they are received, with no assurance that the maximum offering amount will be reached. Early phase funds will be allocated to continue attracting mew community members, provide marketing activity and develop the Youhodler platform. If the maximum amount is not raised, we may need to reallocate the use of proceeds, posing additional risks to early purchasers. Early participants face the highest risk of losing their entire investment if the maximum offering is not achieved.
Technological Risk
Bugs, technical issues, or failures in the platform or smart contracts could negatively affect token functionality. The YHDL token is launched on the Ethereum platform using smart contracts. While these contracts offer advanced functionality, technical errors and hacks remain possible, potentially leading to failures or loss of funds. Hackers may exploit these vulnerabilities to steal funds. Wallet addresses used for purchasing YHDL are susceptible to phishing attacks through airdrops, which can result in the loss of all user funds. If a smart contract becomes vulnerable to new attack methods, we may lose all collected funds without the ability to reimburse you.
No insurance available
We do not carry insurance for the YHDL token, and there are no viable cost-effective insurance policies that cover the loss of funds as a result of a hack.
If any vulnerabilities exist in our smart contracts used for YHDL, they could be subject to attack. We do not carry insurance to cover claims for the loss of funds due to hacks. If we suffer an attack, we will not be able to reimburse you, and you may lose the entire cost of your purchase.