Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Evmos is an Ethereum PoS (proof-of-stake) blockchain. It is designed to unite the Cosmos and Ethereum ecosystems. 

Developers supposedly get the same benefits building on Evmos as they would on the Ethereum network, but with the added bonus of being able to easily exchange value with the rest of the Cosmos Ecosystem through the ‘Inter Blockchain Communication Protocol’ (IBC).

The project started out as ‘Ethermint’ in 2016, and ran on Cosmos’ Tendermint consensus protocol. In April 2021, the Cosmos community awarded the project 100,000 ATOM tokens as funding to help launch their own Layer-1 blockchain. The project renamed itself ‘EVMOS’, since it brings EVM (Ethereum Virtual Machine) to the Cosmos ecosystem (EVM-OS).

EVMOS is used for transaction fees, staking, and governance. The token is also used to reward users, developers, and validators for performing various services on the network. 

Risks of EVMOS

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

  • Any potential success associated with EVMOS is somewhat reliant on continued growth of the Cosmos ecosystem, and the Layer-1 space is intensely competitive.
  • Evmos was funded and is governed by the Cosmos community. Any potential success will rely on the efforts of a global community of miners and developers contributing to the network.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with EVMOS . 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 EVMOS community and Cosmos community are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of EVMOS have no recourse to EVMOS core developers, core team, or Uphold if EVMOS 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 EVMOS on the Uphold Platform, Uphold performed due diligence on EVMOS and determined that EVMOS 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 EVMOS, 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 EVMOS.
  • Marketing materials put forward by the EVMOS social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with EVMOS, including any code defects, security breaches and other threats concerning EVMOS 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 EVMOS, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of EVMOS. 


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 June 5, 2023.

How to buy EVMOS (EVMOS)

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1. Go to Uphold.com and click sign up.

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