THE ACQUISITION AND OWNERSHIP OF MFL ENTAILS A NUMBER OF RISKS
The acquisition or in any other way obtaining MFL carries with it a number of risks. Prior to acquiring or in any other way obtaining MFL, you should carefully consider the risks listed below and, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. By owning MFL you are agreeing not to hold any of the Blockchain.Aero participants liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the acquisition or ownership of MFL.
The ownership, acquisition, purchase or obtaining in any other way of MFL carries with it significant risk. Prior to making any actions or considerations regarding the MFL, you should carefully consider the below risks and, to the extent necessary, consult a lawyer, accountant, and/or tax professionals.
A. It is possible that the value of BTC will drop significantly in future, depriving Blockchain.Aero Consortium of sufficient resources to continue to operate.
B. MFL will be stored in a wallet, which can only be accessed with a password selected by you. If you do not maintain an accurate record of your password, this may lead to the loss of MFL. You must safely store your password in one or more backup locations that are well separated from the primary location. In order to access your MFL the password that you had entered is required; loss of this may lead to the loss of your MFL.
C. Any third party that gains access to your Email may be able to gain access to your MFL. You must take care not to respond to any inquiry regarding your ownership of MFL, including but not limited to, email requests purportedly coming from the http://blockchain.aero website or http://wavesplatform.com or a similar-looking domain.
D. Cryptocurrencies have been the subject of regulatory scrutiny by various regulatory bodies around the globe. Blockchain.Aero could be impacted by one or more regulatory enquiries or regulatory action, which could impede or limit the ability of Blockchain.Aero to continue to develop the Blockchain.Aero projects.
E. It is possible that the Blockchain.Aero products will not be used by a large number of external businesses, individuals, and other organizations and that there will be limited public interest in the use of McFly Tokens for aerial vehicles operation. Such a lack of interest could impact the development of the Blockchain.Aero projects. Blockchain.Aero Consortium cannot predict the success of its own marketing efforts or the efforts of other third parties. There is no guarantee of revenues or profits resulting from the marketing activities of the Blockchain.Aero.
F. You recognise that the Blockchain. Aero, the Consortium and its projects are currently under development and may undergo significant changes. You acknowledge that any expectations regarding the form and functionality of the Blockchain.Aero Consortium projects may not be met upon release of any one of the Blockchain.Aero Consortium projects, for any number of reasons including a change in the design and implementation plans and execution of the implementation of the Blockchain.Aero Consortium projects.
G. You understands that while the Blockchain.Aero, the Consortium and its projects will make reasonable efforts to complete the related products, it is possible that completed versions of the products may not be released and projects may never be accomplished.
H. Hackers or other groups or organizations may attempt to steal the tokens from Token Launch, thus potentially impacting the ability of Blockchain.Aero Consortium to promote the Blockchain.Aero Consortium projects.
I. Advances in code cracking, or technical advances such as the development of quantum computers, could present risks to blockchain technology, cryptocurrencies and the Blockchain. Aero Consortium projects, which could result in theft or loss obsoleteness of MFL.
J. The loss or destruction of a private keys used to access the blockchain by the Blockchain.Aero Consortium may be irreversible. Blockchain.Aero Consortium’s loss of access to its private keys or a data loss relating to Blockchain.Aero Consortium could adversely affect the value of the Blockchain.Aero Consortium projects.
K. Decentralized mass passenger urban aviation is a new product, thus contributing to price volatility that could adversely affect the usability of MFL. The factors affecting the further development of the digital tokens industry, as well as the Blockchain.Aero Consortium projects, include:
I. continued worldwide growth in the adoption and use of MFL and other digital tokens;
II. government and quasi-government regulation of MFL and other digital tokens and their use, or restrictions on or regulation of access to and operation of the Blockchain.Aero Consortium projects or similar digital token systems;
III. the maintenance and development of the software of the Blockchain.Aero Consortium projects;
IV. changes in consumer demographics and public tastes and preferences;
V. the availability and popularity of other similar products;
VI. general economic conditions and the regulatory environment relating to decentralized mass passenger urban aviation.
L. Intellectual property rights claims may adversely affect the operation of the Blockchain.Aero Consortium projects and their respective products.
M. Third parties may assert intellectual property claims relating to the holding and transfer of digital tokens, technologies and their source code. Regardless of the merit of any intellectual property or other legal action, any threatened action that reduces confidence in the Blockchain. Aero Consortium projects’ long-term viability or the ability of end-users to hold and transfer MFL may adversely affect the usability of MFL.
N. Cryptocurrency exchanges on which MFL may be listed in future are relatively new and largely unregulated and may therefore be more exposed to fraud and failure than established, regulated exchanges for other products. Such cryptocurrency exchange failures may result in a reduction in the usability and can adversely affect the MFL. A lack of stability in the cryptocurrency exchanges and the closure or temporary shutdown of cryptocurrency exchanges due to fraud, business failure, hackers or malware, or government- mandated regulation may reduce confidence in the Blockchain. Aero Consortium projects and their products result in greater volatility in perceived value of the MFL and its usability.
O. Political or economic crises may motivate large-scale sales of MFL, which could result in a reduction in the perceived value and adversely affect the value and usability of MFL. Digital tokens such as MFL, which are relatively new, are subject to supply and demand forces based upon the desirability of an alternative, decentralized means of transacting, and it is unclear how such supply and demand will be impacted by geopolitical events.
P. Larger and larger scale usage of MFL, growth of the blockchain.aero consortium and adoption of its products shall result in a reduction in its price making flight more and more affordable, reducing its price.
Q. It is possible that a digital token other than MFL could have features that make it more desirable to a material portion of the digital token user base, resulting in a reduction in demand for MFL, which could have a negative impact on the usage, value, price of MFL. It is possible that a comparable product could become materially popular due to either a perceived or exposed shortcoming of the relevant Blockchain.Aero Consortium product that is not immediately addressed by the Blockchain.Aero Consortium, or a perceived advantage of a comparable product that includes features not incorporated into the relevant Blockchain.Aero Consortium product. If this product obtains significant market share, it could have a negative impact on the demand for, and price of, and the usability of the MFL.
R. MFL transactions are irrevocable and stolen MFL or incorrectly transferred MFL shall most likely be irretrievable. As a result, any incorrectly executed MFL transactions could adversely affect the value of MFL. Cryptocurrency transactions are not, from an administrative perspective, reversible without the consent and active participation of the recipient of the transaction or, in theory, control or consent of a majority of the processing power on the host blockchain platform. Once a transaction has been verified and recorded in a block that is added to the blockchain, an incorrect transfer of MFL or a theft of MFL generally will not be reversible and there shall be no compensation for any such transfer or theft. Such loss could adversely affect the value and usability of MFL.
S. In the foreseeable future some MFL tokens may be issued on the Ethereum or other blockchain. As such, any malfunction or unexpected functioning of the Ethereum or any such other protocol may impact your ability to transfer or securely hold MFL. Such impact could adversely affect the value and usability of MFL.
T. A considerable part of MFL tokens shall be issued on the Waves platform. As such, any malfunction or unexpected functioning of the Waves platform may impact your ability to transfer or securely hold MFL. Such impact could adversely affect the value of MFL.
U. It is possible that, due to any number of reasons, including without limitation the failure of business relationships or marketing strategies, that the Blockchain.Aero Consortium projects and all subsequent marketing any any and all activities in relation to the MFL may fail to achieve success.