BOME Describes Itself As

BOME is a memecoin integrated into an experimental project known as the Book of Meme. Launched on the Solana blockchain, BOME serves as the primary utility token within the Book of Meme ecosystem. Inspired by vibrant meme culture, BOME aims to reshape web3 culture by combining memes with decentralized storage solutions, cryptocurrency trading, and gambling.

The Book of Meme Ecosystem

The Book of Meme project is structured around several core components:

• Meme Immortalization: Utilizing decentralized storage solutions like Arweave and IPFS, and planning expansions to Bitcoin inscriptions, BOME seeks to permanently preserve meme culture on the blockchain.
• $BOME Token: Operates on the Solana blockchain and is used within the ecosystem to facilitate transactions, trading, and gambling.
• Decentralized Social Media: Aims to create a new type of social media platform where memes can be freely shared, traded, and immortalized.

The Book of Meme was created by the digital artist Darkfarms. BOME has a total supply of just under 69 billion tokens.  

Risks of BOME

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

• As a ‘memecoin’, BOME is a community project, led by a pseudonymous team. 
• Any potential success associated with BOME 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 BOME. 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 BOME community is not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of BOME have no recourse to the BOME community or Uphold if BOME 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 BOME on the Uphold Platform, Uphold performed due diligence on BOME and determined that BOME 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 BOME, 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 BOME.
• Any marketing materials put forward by the BOME social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with BOME, including any code defects, security breaches and other threats concerning BOME 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 BOME, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BOME.

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 May 20, 2024.