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.
KTA Describes Itself As
Keeta is a Layer-1 (L1) is designed to facilitate interoperability among multiple blockchains by serving as a unifying layer for direct cross-chain transactions. By providing a common ground for all digital assets and even connecting to systems like SWIFT/ACH, Keeta aims to eliminate slow settlement times and hidden fees, effectively bridging the gap between cryptocurrencies and fiat in a secure, compliant way.
Project Function
Token UtilityÂ
About The Founders
Ty Schenk (Co-Founder and CEO): Before launching Keeta, Schenk co-founded BrainBlocks, a cryptocurrency payments platform that enabled real-time, fee-free transactions (built on the Nano/RaiBlocks network). He also worked as a software engineer at Turo, a peer-to-peer car-sharing marketplace, where he built and maintained customer-facing software applications.
Roy Keene (Co-Founder and CTO): Keene was formerly the lead developer for the Nano (RaiBlocks) cryptocurrency project. In this role he specialized in developing Nano’s feeless, high-speed blockchain architecture, contributing to Nano’s growth and technical design. Keene later worked as a Senior Cloud Application Architect at AWS, where he designed and implemented scalable cloud solutions.
Risks of KTA
Like an investment in other crypto assets, there are some general risks to investing in KTA. 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 KTA 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 KTA. 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 KTA community and Keeta founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of KTA have no recourse to the KTA community, Keeta founding team, or Uphold if KTA 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 KTA on the Uphold Platform, Uphold performed due diligence on KTA and determined that KTA 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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