PRIME Risk

Prime (PRIME)
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DESCRIPTION

PRIME is the native utility token of the Echelon Prime platform, a sophisticated ecosystem designed to offer decentralised solutions and advanced blockchain functionalities. As a key component of the Echelon Prime network, the PRIME token is integral to various activities within the platform, including governance, transaction facilitation, and participation in the ecosystem's decentralised applications (dApps). Holders of PRIME tokens benefit from access to exclusive features, voting rights in governance decisions, and incentives for participating in network operations.Within the Echelon Prime ecosystem, PRIME tokens serve multiple purposes, including paying for transaction fees, accessing premium services, and supporting the overall network's economic model. PRIME holders actively participate in shaping the future of the platform through governance mechanisms, ensuring a democratic approach to its development and evolution. The token also plays a critical role in incentivizing network participation and securing the integrity of the decentralised applications built on the platform.

Echelon Prime (PRIME) Whitepaper: https://paper.echelon.io/echelon-whitepaper.pdf

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

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