Legal Notice

The service tokens and NFTs (non-fungible tokens), hereinafter referred to as crypto-assets, described in this document can be of very high risk; they may even lose all their value or liquidity or may not be redeemable for the described service in case of the failure or interruption of the InmoToken project. The tokens and NFTs (non-fungible tokens) that can be acquired will not be held by legally authorized entities providing investment services, and the registration technology planned for use (blockchain) is novel and may carry significant risks. The issuer of the crypto-assets is solely responsible for the content of this token issuance whitepaper. This document has not been reviewed or approved by any competent authority of any EU Member State.

Risks

A token carries various risks. We will mention some of them below, but others may exist. These risks may result in the complete loss of tokens or their value. The token and NFT (non-fungible tokens) holder fully assumes and understands all the risks involved in owning a token. In no case will the Token Issuer compensate the token holder if the token loses value or anything else occurs.

High-Risk Investment Product

The value of investments and the returns obtained from them may experience significant upward and downward variations, and it is possible to lose the entire invested amount.

Investments in early-stage projects carry a high level of risk, making it necessary to properly understand their business model.

Crypto-assets within the scope of Circular 1/2022, of January 10, from the Spanish Securities Market Commission (CNMV), relating to the advertisement of crypto-assets presented as investment objects, are not covered by customer protection mechanisms like the Deposit Guarantee Fund or the Investor Guarantee Fund.

The prices of crypto-assets are established without mechanisms to ensure proper price formation, such as those present in regulated securities markets.

Many crypto-assets may lack the necessary liquidity to unwind an investment without incurring significant losses, as their circulation among both retail and professional investors may be very limited.

Technology-Specific Risks

Distributed ledger technologies are still in an early stage of maturity, and many of these networks have been created recently, meaning they may not be sufficiently tested and may have significant flaws in their functionality and security. Risk of incompatible wallet services: The digital wallet provider used to receive tokens must comply with the ERC-20 token standard to be technically compatible with these tokens. Failing to ensure this compliance may result in the subscriber losing access to their tokens.

The registration of transactions on distributed ledger technology networks operates through consensus protocols that may be vulnerable to attacks aiming to modify the ledger. If these attacks are successful, there would be no alternative ledger to support these transactions or the balances corresponding to public keys, potentially leading to the total loss of crypto-assets.

The anonymity that crypto-assets can provide makes them an attractive target for cybercriminals, as they can transfer stolen credentials or private keys to addresses that make recovery difficult or impossible.

The custody of crypto-assets is a significant responsibility since they can be entirely lost in case of theft or loss of private keys.

However, the company does not provide crypto-asset custody on behalf of its clients; clients are responsible for the custody of their crypto-assets at their own risk, either via their personal wallet or through a third-party service unrelated to the company.

Legal Risks

The acceptance of crypto-assets as a means of exchange is still very limited, and there is no legal obligation to accept them.

1. Risks Associated with the Offering and Trading

Liquidity Risk: It is possible that the token and NFT (non-fungible tokens) may not be included in any secondary market or that there may be a lack of liquidity in OTC (over-the-counter) markets. The company is not responsible for fluctuations that the token may experience in any market or whether such markets allow the token to be listed, which may entail liquidity risks. Even if the token is listed on a third-party platform, those platforms may lack sufficient liquidity or face regulatory or compliance risks, making them susceptible to failure, shutdown, or manipulation. Moreover, if a third-party platform lists the token and gives it a market value (either in crypto-assets or fiat money), this value may be volatile. As a buyer of these assets, you assume all the risks associated with speculation and the risks mentioned above. These assets are not covered by customer protection mechanisms like the Deposit Guarantee Fund or the Investor Guarantee Fund. Additionally, their prices are not established through mechanisms that ensure proper formation, unlike regulated markets. The acceptance of crypto-assets as a means of exchange is still very limited, and there is no legal obligation to accept them.

2. Risks Associated with Project Execution and/or the Issuer

Risk of Future Information: Certain information contained in the company's Whitepaper is forward-looking, including financial projections and business growth projections. This forward-looking information is based on what the Issuer's management believes to be reasonable assumptions, and there is no guarantee that the results will be accurate. Future events could differ substantially from those anticipated.

Regulatory Risk: Blockchain technology enables new forms of interaction, and it is possible that certain jurisdictions will apply existing regulations or introduce new regulations addressing blockchain-based applications, which may be contrary to the current setup of smart contracts and could result, among other things, in substantial modifications to them, including termination and loss of tokens for the subscriber.

Risk of Project Failure or Abandonment: The development of the project as presented by the Issuer may be impeded and cease for various reasons, including lack of market interest, lack of funding, lack of commercial success or prospects (e.g., due to competing projects). The token issuance presented here does not guarantee that the objectives set forth will be fully or partially achieved.

Risk from Competing Companies: It is possible that other companies may offer similar services to the company. The company could face competition from these other companies, which could negatively impact the services provided.

3. Risks Associated with Tokens, NFTs (Non-Fungible Tokens), and the Technology Used

Software Risk: The computer code (smart contract) used for trading these tokens is based on the Ethereum protocol and/or Binance Smart Chain, as specified in the whitepaper. Any malfunction, shutdown, or abandonment of the Ethereum project or the network chosen for token development could adversely affect the functioning of the tokens. Furthermore, technological advancements in general, and particularly in cryptography, such as the development of quantum computing, could pose risks that lead to the malfunctioning of these tokens. The smart contracts and the software they are based on are at an early stage of development. There is no guarantee or assurance that the token issuance and its subsequent trading will not be interrupted or encounter errors, meaning there is an inherent risk of defects, failures, and vulnerabilities that could result in the loss of contributed funds or acquired tokens. There is also a risk of hacking attacks on the technological infrastructure used by the Issuer and the essential networks and technologies. As a result, the Issuer may be partially, temporarily, or even permanently prevented from carrying out its business activities.

In the case of proof-of-work consensus mechanisms on Ethereum, it is possible that someone could control more than 50% of the computing power of blockchain miners in what is known as a "51% attack," thereby taking control of the network. By using more than 50% of mining power (hash power), the attacker would represent the majority, meaning they could impose their version of the blockchain. This could, in principle, also be possible with less than 51% of mining power.

Once an attacker gains control of the network, they could reverse or redirect initiated transactions, making "double-spending" (i.e., multiple transactions of the same token) possible. The attacker could also block other transactions by refusing confirmation. Other cyberattacks may occur on the Ethereum blockchain, software, and/or hardware used by the Issuer.

In addition to hacking, there is a risk that Issuer employees or third parties could sabotage technological systems, causing failure in the Issuer's hardware and/or software systems, which could also negatively impact the Issuer's business activities.