DOGE Risk

DOGECOIN (DOGE)

INTRODUCTION
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‍There have been no expressed opinions by a regulatory authority in Canada about Dogecoin or any of the other Crypto Contracts or Crypto Assets made available through Satstreet Inc., including an opinion that Dogecoin itself is not a security and/or derivative. There may be sudden changes without notice to applicable laws that may adversely affect the value, use, transfer, or exchange of any of your crypto assets. The statutory rights of action for damages and the right of rescission in section 130.1 of the Securities Act (Ontario) and similar legislation in the other provinces and territories of Canada would not apply in respect of a misrepresentation in this Crypto Asset Statement or the Satstreet Inc. Services Risk Statement. The below provides a summary of risks associated with Dogecoin and is not a complete list of all risks and does not take into account an individual’s specific risk tolerance or situation. Investors are encouraged to conduct their own research prior to trading any crypto asset. Satstreet Inc. clients should read the Satstreet Inc. Services Risk Statement for the general risks associated with crypto assets made available through Satstreet Inc.
A copy of the Satstreet Services Risk Statement is available at https://satstreet.com/services/risk-statements
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DESCRIPTION

Dogecoin (DOGE) is a cryptocurrency that was introduced in 2013 as a lighthearted and meme-inspired digital currency. It was created by software engineers Billy Markus and Jackson Palmer as a playful and friendly alternative to Bitcoin. Dogecoin is based on the Scrypt proof-of-work algorithm and initially gained popularity for its unique branding, featuring the Shiba Inu dog from the "Doge" meme as its mascot.

Dogecoin has a community-driven nature with a culture focused on memes. While it may not have the same technical advancements or aspirations as some other cryptocurrencies, Dogecoin's network focuses on in its accessibility, community engagement, and the lightheartedness it brings to the crypto world.

Doge (DOGE) : https://dogecoin.com/#what-is-dogecoin
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RISKS OF DOGE

Any investment in cryptocurrency and digital assets, such as DOGE, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, DOGE has no central working group or authority to disclose material information to the public regarding DOGE. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to DOGE. We encourage all users to perform their own due diligence to assess the risks associated with DOGE and to determine whether this level of risk is acceptable to them. Neither DOGE nor Satstreet guarantees the value of DOGE, and holders of DOGE will not have any recourse to DOGE or Satstreet if the value of DOGE declines for any reason whatsoever.

SATSTREET EVALUATION OF DOGE

Satstreet Inc. has reviewed and assessed DOGE prior to making it available through our services and has concluded that DOGE is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove DOGE from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about DOGE, including an opinion that DOGE is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed DOGE, including, but not limited to, a review of the following: The creation, governance, usage, and design of DOGE, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created DOGE. The supply, demand, maturity, utility, and liquidity of DOGE. Material technical risks associated with DOGE, including any code defects, security breaches and other threats concerning DOGE 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 DOGE, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of DOGE, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to DOGE about whether DOGE, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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