SUI Risk

SUI (SUI)
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DESCRIPTION

SUI is the native utility token of the Sui Network, a layer-1 blockchain designed to deliver a high-performance platform for decentralised applications (dApps) and smart contracts. Sui utilises the Move programming language and focuses on scalability and low-latency transactions to support a wide range of use cases, including DeFi, gaming, and NFTs. The SUI token serves multiple roles within the ecosystem, including paying for transaction fees, participating in the network’s proof-of-stake consensus mechanism, and enabling users to participate in governance decisions. SUI token holders can stake their tokens to secure the network and earn rewards, while also influencing the platform's development through governance proposals.

Sui (SUI) Whitepaper: https://sui.io/research

‍RISKS OF SUI
Investing in cryptocurrency and digital assets, such as Sui (SUI), 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 risk

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

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