GREP Token Disclaimer
Last updated: December 2024
IMPORTANT: Read Before Acquiring GREP
GREP is a utility token for the GrepCoin gaming ecosystem. It is NOT an investment, security, or financial instrument. Do not acquire GREP with any expectation of profit. Read this entire disclaimer carefully.
1. Token Overview
What is GREP?
GREP is a utility token designed exclusively for use within the GrepCoin gaming ecosystem. GREP enables users to:
- Participate in arcade gaming with token rewards
- Stake tokens to earn gameplay multipliers
- Access platform features and benefits
- Participate in governance (if/when implemented)
- Unlock achievements and progress through the ecosystem
What GREP is NOT
GREP is explicitly NOT any of the following:
- ❌An investment or investment contract
- ❌A security or financial instrument
- ❌A share of stock or equity in GrepLabs LLC
- ❌A claim to company profits, dividends, or revenue
- ❌Legal tender or a replacement for fiat currency
- ❌Guaranteed to have or maintain any specific value
2. Utility Token Status
GREP is designed and intended solely as a functional utility token with specific use cases within the GrepCoin platform:
- Gaming Rewards: Earned through gameplay performance
- Staking: Locked to increase reward multipliers
- Platform Access: Required for certain features and benefits
- Governance: Potential voting rights on platform decisions (future)
- Ecosystem Participation: Accessing games, tournaments, and events
Important: GREP is not designed, marketed, or intended for investment purposes. Do not acquire GREP with any expectation of profit or financial return.
3. Not a Security
GrepLabs LLC has designed GREP to function as a utility token, not a security. However:
- It is not registered with the SEC or any securities regulator
- It does not provide securities law investor protections
- Regulatory authorities may have different interpretations of token classification
- The legal classification of tokens continues to evolve
We make no guarantees about how GREP will be classified by regulators. If GREP were deemed a security, distribution and trading may be restricted or prohibited.
4. No Profit Expectations
GrepLabs LLC makes NO promises, guarantees, or representations regarding:
- Future token value or price appreciation
- Profits or financial returns of any kind
- Dividends, distributions, or revenue sharing
- Buybacks, redemptions, or market making
- Liquidity or ability to sell tokens
The market value of GREP (if any market exists) may fluctuate dramatically, decrease significantly, or become zero. You may lose all value associated with GREP tokens.
5. Token Rights and Limitations
What You Receive
- ✓Functional utility within the platform
- ✓Ability to stake for multipliers
- ✓Access to platform features
- ✓Potential governance participation
What You Do NOT Receive
- ✗Ownership or equity in GrepLabs LLC
- ✗Dividends or profit distributions
- ✗Claims on company assets
- ✗Any guarantees or warranties
6. Platform Dependency
GREP's utility is entirely dependent on the continued operation of the GrepCoin platform:
- If the platform shuts down, GREP may lose all utility
- If games are discontinued, earning opportunities may disappear
- If features change, token utility may be altered
- We reserve the right to modify, update, or discontinue platform features at any time
We make NO guarantees that the platform will continue operating indefinitely or that features will remain unchanged.
7. Regulatory Considerations
The regulatory status of utility tokens is uncertain and evolving. You are solely responsible for:
- Understanding laws in your jurisdiction
- Ensuring your GREP acquisition and use complies with local laws
- Determining tax treatment of GREP
- Reporting GREP holdings or transactions as required by law
Do not acquire or use GREP if it is illegal in your jurisdiction.
8. Technical and Security Risks
Smart Contract Risks
Smart contracts may contain bugs or vulnerabilities. Exploits could result in loss of tokens. GrepLabs LLC cannot recover lost or stolen tokens.
Wallet Security
Loss of private keys means permanent loss of GREP. You are responsible for securing your wallet. Phishing attacks and malware could compromise your tokens.
Blockchain Dependency
GREP depends on the underlying blockchain. Network failures, high fees, or congestion could affect GREP transactions and functionality.
9. No Guarantees or Warranties
GREP IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND. WE PROVIDE NO GUARANTEES REGARDING TOKEN VALUE, LIQUIDITY, CONTINUED UTILITY, PLATFORM AVAILABILITY, OR FEATURE FUNCTIONALITY.
10. Your Acknowledgment
By acquiring, holding, or using GREP tokens, you acknowledge that:
- ✓You have read and understood this entire Token Disclaimer
- ✓You understand that GREP is a utility token, not an investment
- ✓You are not acquiring GREP with any expectation of profit
- ✓You understand that GREP may lose all value
- ✓You are acquiring GREP solely for its utility within the platform
- ✓You will not hold GrepLabs LLC liable for losses
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Final Statement
GREP is a utility token for use within the GrepCoin gaming ecosystem. It is not an investment. Do not acquire GREP with any expectation of profit. The value may decrease to zero. Use only funds you can afford to lose. If you do not understand or accept these terms, do not acquire or use GREP tokens.