Legals

Legal Opinion on BDDK on Binance and EDDK on Ethereum

Introduction

This legal statement pertains to a token project created on the Binance and Ethereum blockchains that have been registered as a foundation. The purpose of this statement is to provide guidance and information regarding the legal status of the token project.

Reference: https://tinyurl.com/ddkfoundation

Registration as a Foundation

The token project has been registered as a foundation in accordance with the laws and regulations of the jurisdiction in which it is incorporated. As a foundation, the project is subject to the legal framework applicable to foundations in that jurisdiction.

Legal Status of the Token

The token created on the Binance and Ethereum public blockchains is a digital asset and not a security, in accordance with the relevant laws and regulations. The project acknowledges and understands the legal implications of this classification, including the regulatory requirements that may apply to digital assets.

Risks and Disclaimers

The project acknowledges and understands that the use of tokens carries risks, including but not limited to market volatility, cybersecurity risks, and regulatory risks. The project disclaims all warranties, including but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement.

Limitation of Liability

The project shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising out of or in connection with the use of the tokens. This limitation of liability applies regardless of the form of action, whether in contract, tort, or otherwise.

Conclusion

In conclusion, this legal statement affirms the legal status of the token project created on the Binance and Ethereum public blockchains that have registered as a foundation in offshore jurisdiction Labuan. The project acknowledges and understands the legal implications of the classification of the token as a digital asset and is committed to complying with all relevant laws and regulations pertaining to digital assets in an offshore jurisdiction.