Risks

By acquiring LZR or participating in Loozr, you acknowledge and agree that there are various risks involved, and in the worst case scenario, you may lose all or a portion of the LZR held. You expressly acknowledge, accept, and assume the following risks:

Uncertainty around Regulations and Enforcement Actions: The regulatory landscape for Loozr, LZR, and distributed ledger technology is uncertain and varies across different jurisdictions. Regulatory agencies may apply existing regulations or create new regulations that may impact the technology and its applications, including LZR and/or Loozr, in unpredictable ways. This could have a negative impact on LZR and/or Loozr. In the event of changes to the law or regulation, the Company, the Distributor (or their respective affiliates) may cease operations in a particular jurisdiction if it becomes illegal or commercially undesirable to obtain the necessary regulatory approvals to operate in such jurisdiction. The Company and Distributor have consulted with legal advisors to mitigate legal risks as much as possible and have obtained a legal opinion on token distribution. They will conduct business in accordance with the prevailing market practice.

Inadequate Disclosure of Information: Loozr is currently under development, and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may undergo constant updates and changes. Although the Litepaper contains the most up-to-date information about Loozr, it may not be exhaustive and may be subject to revisions from time to time. The Loozr team is not obligated to keep LZR holders informed of every detail regarding the project's development progress and expected milestones. As such, insufficient information disclosure is inevitable and should be expected.

Competition: The industry for decentralized applications and networks is highly competitive, with new alternatives emerging at a rapid pace. It is possible that alternative networks could be created that utilize the same or similar code and protocol underlying LZR and/or Loozr and seek to offer similar services. This could lead to Loozr having to compete with these alternatives, which could have a negative impact on LZR and/or Loozr.

The success of Loozr heavily relies on the expertise and cooperation of its technical team and consultants. Any loss of these highly knowledgeable individuals could have a detrimental effect on Loozr development. Additionally, team stability and cohesion are crucial to the project's overall progress, and any conflicts or departures could lead to negative consequences in the future.

There is a risk that the development of Loozr may not go according to plan due to various factors, such as declines in digital asset or virtual currency prices, unforeseen technical issues, or insufficient funds for development activities.

Loozr and LZR are susceptible to various security threats, including malware attacks, denial of service attacks, and intentional or unintentional weaknesses introduced by third parties or members of the company or distributor. Furthermore, the future of cryptography and security innovations is highly unpredictable and could present unknown risks that may render the cryptographic consensus mechanism ineffective.

It's essential to conduct thorough due diligence on the company, distributor, Loozr team, and the overall framework, mission, and vision for Loozr before participating in or acquiring LZR. Additionally, there are other risks associated with participation in Loozr, as outlined in the Terms and Conditions, which may materialize as unanticipated variations or combinations of the aforementioned risks.