TokenFi Describes Itself As

TokenFi is an all-in-one tokenization platform that aims to streamline the process of launching tokens and tokenizing real-world assets (RWAs). TokenFi looks to capitalize on the potential of the tokenization industry, which has been projected to reach $16 trillion by 2030. BlackRock, the world’s largest institutional investor, has even referred to the budding sector as the “next evolution in markets.”

TokenFi encompasses a full suite of products and services that enable users, regardless of technical experience, to create and deploy tokens and tokenized assets. Using a WYSIWYG (What You See Is What You Get) interface, users are able to create a variety of assets, including ERC-20, ERC-721, and ERC-1155, within a few clicks. This user-friendly approach has the potential to democratize access to tokenization, and make it available to a broader audience ranging from novice users to seasoned developers.

TOKEN is the main utility token of the TokenFi ecosystem, and plays a role in the usage of its product suite, which includes:

• TokenFi Token Launcher
• TokenFi QuickLaunch Bot 
• TokenFi Launchpad 
• TokenFi Generative AI 
• AI Smart Contract Auditor
• TokenFi Connect 
• TokenFi RWA Tokenization Module 
• TokenFi Staking

TokenFi was created by the same team responsible for the FLOKI memecoin and Floki ecosystem.

Risks of TOKEN

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

• TokenFi operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 
• TokenFi operates with tokenized assets and must ensure to stay up to date and inline with applicable regulations. 

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

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.