Foxy Describes Itself As

Foxy is a mascot token developed for the Linea blockchain, a Layer 2 (L2) network built on Ethereum and bootstrapped by Consensys. Positioned as a "culture coin," FOXY aims to serve as both a memecoin and a community hub, fostering a sense of identity and collective engagement within the Linea ecosystem.

FOXY will be distributed through various airdrop events, with the initial airdrop targeting the top 100,000 MetaMask swap users.

Token Details

Contract Address: 0x5FBDF89403270a1846F5ae7D113A989F850d1566 Total Supply: 10,000,000,000 FOXY

Tokenomics:

• Community Airdrops (MetaMask/Linea): 25%
• Seed Round: 15%
• Team and Support: 13%
• Market Maker / CEX Liquidity: 10%
• Future CEX Listings: 10%
• Advisors: 6%
• Treasury: 6%
• Ecosystem Partner Rewards: 5%
• OTC for Projects and Funds: 5% 
• DEX Liquidity: 5%

About the Founders

Foxy was launched by a pseudonymous team. 

Risks of TOKEN

Like an investment in other crypto assets, there are some general risks to investing in FOXY. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in FOXY is subject to the following specific risks:

• As a ‘memecoin’, Foxy is a community project, led by a pseudonymous team. 
• Any potential success associated with Foxy is reliant on the growth of its decentralized community, and their continued trading and enthusiasm for the asset. These factors are difficult to predict, and could result in very high volatility.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with FOXY. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The FOXY community and Foxy founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of FOXY have no recourse to the FOXY community, Foxy founding team, or Uphold if FOXY declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing FOXY on the Uphold Platform, Uphold performed due diligence on FOXY and determined that FOXY is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of FOXY, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of FOXY.
• Any marketing materials put forward by the FOXY social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with FOXY, including any code defects, security breaches and other threats concerning FOXY and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with FOXY, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of FOXY.