(a) As of the time of writing, this white paper has been distributed only for general reference purposes related to the Pando project and can be reviewed and modified. Please note that this white paper reflects the latest information as of the date on the cover and is not final. After that date, information in this document, such as Pando's business operations and financial status, may change. This white paper may be updated irregularly.
(b) No one is obligated to enter into a contract or legally binding pledge related to the sale of PANDO token, and no funds should be received based on this white paper. The sale of PANDO token is carried out through a legally binding contract, and related details are provided separately from this white paper. If there is any discrepancy between the contract and the contents of this white paper, the contract will take precedence.
(c) This white paper should in no case be construed as an offer to sell or purchase tokens by the issuer/distributor/company of the PANDO token, and the presentation of this document or the document itself should not be based on or dependent on contract and investment decisions.
(d) PANDO token is not intended to constitute a security, a unit of business trusts, or a unit of collective investment plans, and each definition about those shall follow as set forth in the Singapore Securities and Futures Act or other definitions manifested in equivalent regulations of other jurisdictions. Therefore, this white paper is not provided as a business plan, business prospectus, or proposal, and shall not be construed as an investment proposal or solicitation for securities, business trust units, collective investment plan units, etc. in any jurisdiction.
(e) PANDO token shall not be understood, interpreted, classified or treated as an opportunity for purchasers to participate in the PANDO platform, PANDO token, product or to receive investment profit/income/payment/revenue of the amount
(f) The method of issuing coin/token specified in this white paper may not be spread in any regulated or prohibited jurisdiction, including the reproduction, distribution, etc. of all or any part of this document.
(g) Information listed in this White Paper has not been reviewed, examined, or approved by regulation authorities. Such action has not been taken in any jurisdiction and shall not be taken in the future.
(h) If wishing to acquire PANDO token, PANDO token shall not be understood, interpreted, classified or treated as follows: (a) any currency other than cryptocurrency, (b) bonds and stocks issued by any institution; (c) rights, options, derivatives about these bonds and stocks, (d) the right under other contracts and the difference agreement for the purpose of guaranteeing investment profits or avoiding loss, or impersonating it, (e) units or derivatives of securities, such as collective investment plans, business trusts, etc.
2. Restrictions on distribution and propagation
(a) Distribution or propagation of this white paper in whole or in part may be prohibited or restricted by the legal or regulatory requirements of any jurisdiction. When restrictions apply, you shall be aware of the restrictions that may be applied by possession of this white paper, seek legal advice, and comply with them, and PANDO and PANDO 's employees, agents, and affiliates (hereinafter referred to as 'PANDO and its affiliates') are not responsible for this.
(b) If the distribution and propagation of this white paper has led to the perusal or possession of this white paper, it shall not be allowed or caused to be shared with or caused by such person for any purpose, such as distribution, reproduction, or other ways.
3. Exclusion of Liability
(a) PANDO token and related services provided by PANDO and its affiliates are provided 'as is' and 'as possible'. PANDO and its affiliates do not make any explicit/implied guarantees or descriptions of the accessibility, quality, suitability, accuracy, adequacy, completeness, etc. and in this regard, it is manifested that no liability is assumed for any errors, delays, omissions, or actions taken in dependence on them.
(b) PANDO and its affiliates shall not describe, guarantee, promise, or assert any form of authenticity, accuracy, or completeness, including the information contained in this white paper, to any entity or individual.
(c) PANDO does not guarantee principal, and losses may occur when investing. The associate shall not be liable for any indirect, special, incidental, or consequential losses (including, but not limited to, losses in investment/revenue/ profit/income/payment/data, etc.) arising from your acceptance or reliance on all or part of this white paper and this applies to the maximum extents permitted by applicable legal regulations.
4. Warnings on Forward-Looking Statements
(a) The specific expressions in this white paper contain predictive statements about the future, future events, prospects, etc. of the project. These statements are not based on historical facts, but are identified by expressions similar to words such as 'scheduled', 'estimate', 'belief', 'expectation', and 'expected'. Other public releases other than this white paper, such as presentations, interviews, and videos, may include these forward-looking statements. The forward-looking statements contained in this white paper include, but are not limited to, the future results, performance and achievements of PANDO and its affiliates.
(b) Forward-looking statements contain a variety of risks and uncertainties. These statements do not guarantee future performance and therefore shall not be overly dependent. If risks and uncertainties are materialized, the actual performance and development of PANDO and its associates may differ from the expectations set by the forward-looking statement. In the future, even if these circumstances may be changed, PANDO and its affiliates shall not be obliged to provide updates to forward-looking statements. If acting on the basis of forward-looking statements contained in this white paper, homepages of PANDO and its affiliates and other materials, you are solely responsible for the failure to realize the forward-looking statements.
(c) As of the date this white paper was written, the PANDO platform is not complete or fully operational. Although the description was written on the premise that the PANDO platform would be completed and fully operational in the future, it shall not be construed as a guarantee or promise of the full operation and the completion of the platform setup.
5. Potential Risks
(a) It is recommended that you read the below information carefully and fully analyze and understand the relevant factors and risks before deciding to purchase the token and participate in. Risks include, but are not limited to:
(i) Risk of negligence of purchasers such as limited access to PANDO token due to loss of identification information; loss of essential private keys related to digital wallets in which PANDO tokens are kept; and so on;
(ii) Risk of value fluctuations after PANDO token issuance due to global market and economic conditions. PANDO may not be able to support the funding required for the development of the PANDO ecosystem or maintain the PANDO ecosystem in the intended direction due to the uncertainty in the value of these PANDO tokens.
(iii) Changes in the political, social and economic environment, changes in the stock or cryptocurrency market environment, changes in the regulatory environment of the countries in which PANDO and its affiliates operate, and risks related to changes in the ability of PANDO and its affiliates to survive or compete in this environment. Existing/new regulations related to blockchain technology that are unfavorable to PANDO tokens may be applied in certain jurisdictions, which may lead to significant changes in PANDO ecosystems and projects, such as token abolition/loss.
(iv) The risks associated with changes in terms of the possibility of capital and financing that fulfill changes of the future capital needs of PANDO and its affiliates. Lack of capital may affect the development of the PANDO platform, the use of PANDO tokens, and the potential value.
(v) Adverse changes in PANDO token value, failure of business relationships, and claims of intellectual property rights by competitors during development/operation may lead to suspension, dissolution or discontinuation of launch plans, and this may negatively affect PANDO ecosystems, PANDO tokens, and the potential utilization of PANDO tokens.
(vi) Risks associated with limited public interest about lack of interest of other organizations such as companies, individuals, etc. for PANDO platforms and services, creation and development of distributed applications. This lack of interest may limit financing or affect PANDO platform development and PANDO token use and potential value.
(vii) Risks of major changes in PANDO token or PANDO platform functionality and specifications before launching or implementing PANDO project and PANDO ecosystem. PANDO intends that PANDO tokens and PANDO functions shall be consistent with the content of the white paper, but PANDO may nevertheless apply these changes.
(viii) Competition risks with other platforms that shall potentially adversely affect PANDO tokens and PANDO platforms (i.e. when competing projects are preventing commercial success or dim prospects).
(ix) Risk that third parties or other individuals intentionally or unintentionally insert harmful and malicious codes on the PANDO platform to interfere with the use of PANDO platform infrastructure and PANDO tokens. Block chains used in the platform are also vulnerable to these attacks, which pose risks to the platform and its associated service operations.
(x) The occurrence of catastrophic events such as natural disasters of force majeure may affect the business operation of PANDO and its affiliates and other uncontrollable factors. Incidents such as mining attacks, hacking, or other attacks by individuals may result in theft and loss of PANDO token’s sales profits, theft and loss of PANDO tokens, and the impediment of PANDO ecosystem development capabilities.
(xi) PANDO tokens and other cryptocurrencies are new technologies that have not yet been verified and are constantly developing. The full function of PANDO token has not yet been completed and there is no guarantee of completion. As technology advances, enhancement in encryption technology and methods, consensus and changes in algorithms may pose risks to PANDO token, the sale of PANDO tokens, PANDO projects, PANDO ecosystems and the utilization of PANDO tokens.
(xii) PANDO tokens shall not give other entities any decision-making authority in relation to PANDO projects, PANDO ecosystems, PANDO, etc. All decisions, including discontinuation of PANDO products, services, PANDO, PANDO ecosystem etc., further creation and sale of PANDO tokens utilized in PANDO ecosystem, sales of PANDO and liquidation, are made at the free discretion of PANDO.
(xiii) The methods PANDO tokens are taxed and accounted for are uncertain and may vary by jurisdiction. The purchase of PANDO tokens may negatively affect tax processing, and it is recommend seeking independent tax advice. In addition to the risks noted above, there are other risks that PANDO and its affiliates do not anticipate. Further, the risks of unexpected combinations and variations may also arise.
(b) If the above risks and uncertainties are developed into actual situations, the business, financial status, operating results, and prospects of PANDO and its affiliates may be subject to substantial and negative effects. In these cases you may lose some or all of the value of PANDO token.
6. No additional information or updates;
No one else has the authority to provide information/explanation for PANDO tokens, PANDO and its affiliates, and related businesses and operations other than those contained in this white paper, and even if such information/explanations are provided, they shall not be considered to be authorized or represented by PANDO and its affiliates.
7. No advisory
No information in this white paper is considered to be business, legal, financial or tax advice for PANDO tokens, PANDO and its affiliates. It is recommend that you seek advice from other experts, including legal, finance and tax, for PANDO tokens, PANDO and its affiliates, and related businesses and operations. The financial risk of purchasing PANDO tokens may apply indefinitely.
