PREMIA Risk

Premia (PREMIA)
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DESCRIPTION

PREMIA is the native utility token of the Premia platform, a decentralised options trading protocol that facilitates the creation, trading, and settlement of financial options. As a fundamental element of the Premia ecosystem, the PREMIA token plays a crucial role in enabling various activities within the platform. Holders of PREMIA tokens benefit from access to premium features, participation in governance processes, and rewards for providing liquidity and facilitating trades.In the Premia ecosystem, PREMIA tokens are used for transaction fees, staking, governance voting, and incentives for liquidity providers. The token supports the platform’s financial options market by allowing users to trade, hedge, and manage risks with a range of options products. Additionally, PREMIA holders are involved in the governance of the platform, influencing decisions regarding protocol upgrades and other significant changes. This participatory model ensures that the Premia community has a stake in the platform’s ongoing development and success.

Premia (PREMIA) Whitepaper: https://docs.premia.blue/resources/research

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

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