Risk Disclosure
Last Updated: April 30, 2025
1. Introduction
This Risk Disclosure statement is provided to you in accordance with our Terms of Service. It is important that you read and understand this Risk Disclosure before using any of our services or participating in any activities related to The Last ICO.
The purpose of this Risk Disclosure is to provide you with a non-exhaustive overview of the risks associated with:
- Purchasing, holding, and using TL tokens
- Participating in DAO governance
- Interacting with blockchain technology
- Participating in The Last ICO ecosystem
This Risk Disclosure cannot and does not disclose all risks associated with these activities. You should conduct your own research and seek professional advice before engaging in any of these activities.
2. Cryptocurrency Risks
2.1 Price Volatility
The price of TL tokens and other cryptocurrencies can be highly volatile. The value of TL tokens may fluctuate significantly over short periods of time due to factors such as:
- Market sentiment
- Regulatory changes
- Technological developments
- Economic factors
- Activities within The Last ICO ecosystem
You should be prepared for potential significant losses in the value of TL tokens.
2.2 Liquidity Risk
There may be no market or limited market for TL tokens. This could make it difficult for you to sell your TL tokens at a desired price or at all. Liquidity may vary significantly over time and across different trading platforms.
2.3 Market Manipulation
Cryptocurrency markets may be susceptible to manipulation, including but not limited to pump-and-dump schemes, spoofing, and wash trading. These activities could affect the price of TL tokens and may result in significant losses.
3. Blockchain and Technology Risks
3.1 Technical Vulnerabilities
Blockchain technology, smart contracts, and related technologies are still evolving and may contain bugs, vulnerabilities, or other issues that could result in the loss of TL tokens or other assets.
3.2 Network Congestion
The Solana blockchain may experience periods of congestion, which could delay transactions or increase transaction costs. This could affect your ability to transfer TL tokens or participate in DAO governance in a timely manner.
3.3 Wallet Security
If you lose your private keys or seed phrases, you may permanently lose access to your TL tokens. Additionally, if your wallet is compromised due to hacking, phishing, or other security breaches, your TL tokens may be stolen.
4. Regulatory and Legal Risks
4.1 Regulatory Uncertainty
The regulatory status of cryptocurrencies, tokens, blockchain technology, and related activities is unclear or unsettled in many jurisdictions. Future regulatory changes could adversely affect the value of TL tokens or your ability to use our services.
4.2 Tax Implications
The tax treatment of cryptocurrency transactions is uncertain in many jurisdictions. You are responsible for determining what taxes, if any, apply to your transactions involving TL tokens. We are not responsible for determining the taxes that apply to your transactions.
4.3 Legal Jurisdiction
The Last ICO operates under the laws of Próspera ZEDE, Honduras. These laws may differ significantly from the laws of your jurisdiction. You are responsible for complying with all applicable laws in your jurisdiction.
5. DAO Governance Risks
5.1 Governance Attacks
DAO governance systems may be susceptible to attacks, including but not limited to:
- Sybil attacks
- Governance takeovers by large token holders
- Vote buying
- Proposal spam
These attacks could result in decisions that are not in the best interest of all token holders.
5.2 Technical Governance Risks
Participating in DAO governance requires technical knowledge. Errors in voting or proposal submission could result in unintended outcomes or loss of voting power.
6. Project-Specific Risks
6.1 Entertainment Industry Risks
The Last ICO operates in the entertainment industry, which is subject to changing consumer preferences, competition, and other factors that could affect the success of the project and, consequently, the value of TL tokens.
6.2 Operational Risks
The Last ICO may face operational challenges, including but not limited to:
- Production delays or cancellations
- Technical difficulties with live streaming or other services
- Challenges in contestant recruitment or retention
- Changes in the Próspera ZEDE legal framework
These challenges could affect the success of the project and the value of TL tokens.
7. No Investment Advice
Nothing in our communications or materials constitutes investment advice, financial advice, trading advice, or any other sort of advice. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
8. Risk of Loss of Principal
You should only use funds that you are willing to lose. Do not use funds that you cannot afford to lose, such as retirement savings, emergency funds, or funds needed for basic necessities.
9. Updates to This Risk Disclosure
We may update this Risk Disclosure from time to time to reflect changes in risks or our understanding of them. We will notify you of any material changes by posting the updated Risk Disclosure on our website.
10. Contact Us
If you have any questions about this Risk Disclosure, please contact us at:
Email: legal@thelastico.com
Address: Próspera ZEDE, Honduras