METIS Risk

METIS (METIS)
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DESCRIPTION

METIS is the native utility token of the Metis Andromeda platform, an Ethereum Layer 2 scaling solution designed to support decentralised applications (dApps) and decentralised autonomous organisations (DAOs). Metis utilises Optimistic Rollup technology to offer fast, low-cost transactions while maintaining the security of the Ethereum mainnet. The METIS token is integral to the Metis ecosystem, serving multiple functions such as staking to secure the network, participating in governance decisions, and paying for transaction fees on the platform. Additionally, METIS tokens can be used to create and manage DAOs, offering users a versatile and powerful tool for building decentralised organisations.

Metis (METIS) Whitepaper: https://www.metis.io/

‍RISKS OF METIS
Investing in cryptocurrency and digital assets, such as Metis (METIS), 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 herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to METIS. We encourage all users to perform their own due diligence to assess the risks associated with METIS and to determine whether this level of risk is acceptable to them. Neither METIS nor Satstreet guarantees the value of METIS, and holders of METIS will not have any recourse to METIS or Satstreet if the value of METIS declines for any reason whatsoever.

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