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. Read our risk summary for qualifying crypto assets.
Griffain Describes Itself As
A decentralized platform that coordinates a network of autonomous on-chain AI agents on Solana. Users are able to deploy AI agents utilizing the project’s framework.
Project Function
Users can create two types of AI agents:
Token UtilityÂ
GRIFFAIN is the project’s utility token and the project team has specified GRIFFAIN is required to pay for fees to deploy an AI agent. The project team plans to add utility such as paying for fees on the platform and rewards AI agents in GRIFFAIN tokens.
About The Founders
Tony Plasencia is the Co-Founder of Griffain. He is the Co-Founder of Underdog Protocol, a Software Development company specializing in digital asset engineering on Solana. He previously worked as a Business Development and Growth Specialist for multiple tech companies such as Uber, Ritual: Online Ordering System & Food Ordering App , and Setter. (Linkedin)
Risks of GRIFFAIN
Like an investment in other crypto assets, there are some general risks to investing in GRIFFAIN. 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 GRIFFAIN is subject to the following specific risks:
We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with GRIFFAIN. 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 GRIFFAIN community and Griffain founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of GRIFFAIN have no recourse to the GRIFFAIN community, Griffain founding team, or Uphold if GRIFFAIN 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 GRIFFAIN on the Uphold Platform, Uphold performed due diligence on GRIFFAIN and determined that GRIFFAIN is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:Â
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