NEAR Risk

NEAR (NEAR)
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DESCRIPTION

NEAR is a blockchain platform designed to provide a developer-friendly and user-friendly infrastructure for building decentralized applications (DApps). Launched in 2020, NEAR aims to combine the scalability and performance of traditional cloud computing with the security and decentralization of blockchain technology. It offers a robust and efficient platform for developers to create and deploy applications that can scale to accommodate millions of users.

NEAR's focus on developer-friendliness and scalability has attracted a growing community of developers and entrepreneurs. It aims to enable mass adoption of blockchain technology by offering a seamless user experience and high-performance infrastructure. With its emphasis on usability and scalability, NEAR has the potential to power a wide range of applications, including decentralized finance (DeFi), gaming, and decentralized social networks.

NEAR (NEAR) : https://near.org/papers/the-official-near-white-paper/
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RISKS OF NEAR

Any investment in cryptocurrency and digital assets, such as NEAR, 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 NEAR 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 NEAR. 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 NEAR. We encourage all users to perform their own due diligence to assess the risks associated with NEAR and to determine whether this level of risk is acceptable to them. Neither NEAR nor Satstreet guarantees the value of NEAR, and holders of NEAR will not have any recourse to NEAR or Satstreet if the value of NEAR declines for any reason whatsoever.

SATSTREET EVALUATION OF NEAR

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