HONEY Risk

Hivemapper (HONEY)
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DESCRIPTION

HONEY is the native utility token of the Hivemapper platform, a decentralised mapping network that leverages community-driven data collection and blockchain technology. The HONEY token plays a crucial role in incentivizing participants who contribute to the creation and maintenance of the platform’s map data. Holders of HONEY tokens can earn rewards for uploading mapping data, participating in network governance, and supporting various platform initiatives.In the Hivemapper ecosystem, HONEY tokens facilitate a range of functions including data verification, rewards distribution, and governance voting. The token is integral to the platform’s economic model, enabling users to engage with and benefit from the decentralised mapping services. HONEY holders have the opportunity to influence the direction of the network through governance mechanisms and contribute to the enhancement of the platform’s features and capabilities.

Hivemapper (HONEY) Whitepaper: https://docs.hivemapper.com/

‍RISKS OF HIVEMAPPER
Investing in cryptocurrency and digital assets, such as Hivemapper (HONEY), carries inherent risks, including but not limited to: (i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. 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 there may be other risks associated with exposure to HONEY. We encourage all users to perform their own due diligence to assess the risks associated with HONEY and to determine whether this level of risk is acceptable to them. Neither HONEY nor Satstreet guarantees the value of HONEY, and holders of HONEY will not have any recourse to HONEY or Satstreet if the value of HONEY declines for any reason whatsoever.

‍SATSTREET EVALUATION OF HONEY
Satstreet Inc. has reviewed and assessed HONEY prior to making it available through our services and has concluded that HONEY 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 HONEY 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 HONEY, including an opinion that HONEY is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed HONEY, including, but not limited to, a review of the following: The creation, governance, usage, and design of HONEY, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created HONEY. The supply, demand, maturity, utility, and liquidity of HONEY. Material technical risks associated with HONEY, including any code defects, security breaches and other threats concerning HONEY 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 HONEY, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of HONEY, 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 HONEY about whether HONEY, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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