Risk of loss of access to JAM due to loss of credentials: until it is distributed to the buyer, the said buyer’s JAMs may be linked to a company account. You can only access the company account using the credentials selected by the buyer. The loss of these credentials will result in the loss of the JAMs. Good practices advise buyers to store their credentials securely in one or more backup locations that are geographically separated from the work location.
Risks associated with the buyer’s credentials: any third party that obtains access to the buyer’s credentials or private keys may be able to use the buyer’s JAMs. To minimize this risk, buyers must protect themselves against people gaining unauthorized access to their electronic devices.
Legal risk and risk of adverse regulatory intervention in one or more jurisdictions: Blockchain technologies have been reviewed by various regulatory bodies around the world, including within the European Union. The ICO has been structured to comply with EU law applicable at the time of the offer and may be subject to securities regulation under US law.The operation of the products and of JAMs may be impacted by the passing of restrictive laws, the publication of restrictive or negative opinions, the issuing of injunctions by national regulators, the initiation of regulatory actions or investigations, including but not limited to restrictions on the use or ownership of digital tokens such as JAMs, which may prevent or limit development of the products. Given the lack of crypto-currency qualifications in most countries, each buyer is strongly advised to carry out a legal and tax analysis concerning the purchase and ownership of JAMs according to their nationality and place of residence.
Risk of a lack of interest in the project or distributed applications: There is a possibility that the products may not be used by a large number of artists, companies, individuals... and that there may be limited public interest in the creation and development of services. Such a lack of interest could impact on the development of the project and, therefore, on the uses or potential value of JAMs.
Risk that the project is not developed: the main right associated with JAM is the right to access and use our services. The value of the JAMs is therefore heavily correlated with the existence of such services, which has not yet been implemented. JAMs may lose part or all of their value if services and/or products are never fully developed.
Risk that the project, as developed, doesn't meet public expectations: the project is currently under development and may undergo significant redesign prior to its launch. For a number of reasons, not all buyer expectations concerning the project and functions may be met on the launch date, including changes in design, implementation and execution of services.
Risk of theft and piracy: hackers or other malicious or criminal groups or organizations may attempt to services, the availability of JAMs in several ways including, but not limited to, denial of service attacks, Sybilattacks, mystification, surfing, malware attacks, or consensus-based attacks... or any other operation...
Risk of security weaknesses in the service’s core infrastructure software: the service‘s core software is based on open source software. There is a risk that the company team or other third parties, may intentionally or unintentionally introduce weaknesses or bugs into the core infrastructure elements of the developments, by interfering with the use of, or causing loss of JAMs.
Risk of weakness or exploitable breakthrough in the field of cryptography: advances in cryptography, or technical advances such as the development of quantum computers, may present risks for crypto-currencies and our services, which could result in the theft or loss of JAMs.
Risk of the Platform failing to be used or adopted: while JAMs should not be considered as an investment, their value is bound to change over time. This value may be limited if services are not sufficiently used and adopted. In such a case, there could be few or no markets at the project launch, which would limit the value of JAMs.
Risk of a tight market for JAM: there are currently no exchanges or trading facilities on which JAMs could be traded. If such exchanges or trading facilities do develop, they will probably be relatively new and subject to poorly understood regulatory oversight. They may therefore be more vulnerable to fraud and default than the established and regulated exchanges that exist for other products. Should exchanges or trading facilities that represent a substantial part of the JAM trading volume be involved in fraud, security failures or other operational problems, the failures of such exchanges or trading facilities may limit the JAM’s value or liquidity.
Risk of an uninsured loss: unlike bank accounts or accounts in other regulated financial institutions, funds held through the company are generally uninsured. At present, there are no public or private insurance agents providing buyers with coverage against a loss of JAMs, other COIN's or a loss of value.
Risk of winding-up of OpenJam’s project: for a number of reasons including, but not limited to, an unfavorable fluctuation in JAM and wallet's value, the failure of business relationships or competing intellectual property claims, the OpenJam's project may no longer be a viable activity and may be dissolved or simply not launched.
Risk of malfunction in the services: our services may be impacted by an adverse malfunction including, but not limited to, a malfunction that results in the loss of JAMs or market information.
Unforeseen risks: crypto-currencies and cryptographic tokens are a new, untested technology. In addition to the risks stipulated above, there are other risks that the company’s team cannot predict. Risks may also occur as unanticipated combinations or as changes in the risks stipulated herein.