ICP Risk

ICP (ICP)
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DESCRIPTION

Internet Computer is a decentralized blockchain platform that aims to extend the functionality of the internet by providing a scalable and efficient environment for hosting and executing smart contracts and decentralized applications (DApps). Developed by the DFINITY Foundation, Internet Computer seeks to create a more open and secure internet infrastructure that can directly host software and services without relying on traditional centralized servers.

ICP serves as the native utility token of the Internet Computer platform. It is used for various purposes, including staking, governance, and transaction fees within the network. With its ambition to enable a more decentralized and resilient internet, Internet Computer aims to empower developers and users with a new paradigm for building and accessing secure and scalable internet-based applications and services.

ICP (ICP) : https://internetcomputer.org/whitepaper.pdf
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RISKS OF ICP

Any investment in cryptocurrency and digital assets, such as ICP, 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, as ICP is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding ICP. 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 ICP. We encourage all users to perform their own due diligence to assess the risks associated with ICP and to determine whether this level of risk is acceptable to them. Neither ICP nor Satstreet guarantees the value of ICP, and holders of ICP will not have any recourse to ICP or Satstreet if the value of ICP declines for any reason whatsoever.

SATSTREET EVALUATION OF ICP

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