Here’s How Big Time Describes Itself

Big Time is a “second generation crypto game,” introducing a multiplayer RPG that combines fast-paced combat with an open game economy. In Big Time, players assume the role of a time traveler, invited to “take part in the greatest adventure in human history.” 

Big Time seeks to empower its players by enabling them to craft, as well as control the creation and sale of in-game cosmetics. This contrasts other popular multiplayer titles such as League of Legends and Fortnite, in which skins and other items are sold to players by the game studio.          

BIGTIME serves as the major cryptocurrency responsible for driving the Big Time economy, and is required for a variety of functions, including:

• Refining, Crafting, and Upgrading at the Forge or Armory
• Speeding up craft timers at the Forge or Armory
• Accessing Prestige Portals

The BIGTIME token has been designed as an in-game resource. No allocations have been reserved for team, founders, or investors, or offered through any verified presale. Players can acquire BIGTIME tokens through two main processes: random drops for performing in-game actions, and importing through a player’s wallet. According to Big Time, a majority of tokens will be generated through in-game actions.  

BIGTIME is non-tradable within the game environment and marketplace. However, the token can be transferred to any supporting crypto wallet, after which it can be freely transferred and traded as the owner wishes. 

Big Time was launched by Decentraland alums Ari Melilich and Thor Alexander, and is supported by developers credited with work on well-known gaming titles including Fortnite, Call of Duty, and World of Warcraft. 

Risks of BIGTIME

Like an investment in other crypto assets, there are some general risks to investing in BIGTIME. 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 BIGTIME is subject to the following specific risks:

• Any potential success associated with BIGTIME is dependent on its rate of adoption by users and growth of the Big Time ecosystem. Competition within the blockchain gaming space and gaming industry as a whole continues to grow. 
• Any potential success associated with BIGTIME depends on a number of external factors, including the growth and increased adoption of Web3 gaming environments, as well as their associated assets including native currencies and NFTs.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with BIGTIME. 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 Big Time team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of BIGTIME have no recourse to the BIGTIME team and developers, or Uphold if BIGTIME 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 BIGTIME on the Uphold Platform, Uphold performed due diligence on BIGTIME and determined that BIGTIME 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 BIGTIME, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of BIGTIME.
• Marketing materials put forward by the BIGTIME social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with BIGTIME, including any code defects, security breaches and other threats concerning BIGTIME 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 BIGTIME, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BIGTIME. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on October 12, 2023.