Token Description & Project Background

SuperFarm is a cross-chain protocol that combines elements of both the NFT and DeFi (Decentralized Finance) sectors to foster an ecosystem where NFT creators, collectors and traders can interact in an open marketplace.

With the aspiration of bringing utility to any token by turning it into an NFT farm, SUPER offers protocols the ability to reward liquidity providers, stimulate long-term stakes, or give access to a project’s services through NFTs with utilities. 

SUPER powers the network and functions as a governance token. SUPER can also be staked to earn platform fees (paid in SUPER) and to gain access to new NFTs issued by platform partners.

Elliot Wainman co-founded SuperFarm in 2021. He is known for crypto blogging and for founding the trading platform ‘EllioTrades’. The SuperFarm first private funding round was facilitated by Bitcoin.com, Spark Digital Capital, GBV Capital, Solidity Ventures and Animoca Brands. 

Risks of SUPER

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

• Any potential success associated with SUPER depends on the extent of its adoption by NFT protocols and collectors.
• Any potential success associated with SUPER is dependent on a number of external factors, such as the growth and increased adoption of the metaverse economy, and the continued popularity of NFTs as digital collectibles.

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

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 June 12, 2023.