Welcome to the MEMEJOB website (the "Website", “Platform”, “MEMEJOB”), a decentralized Web3 protocol which allows several market participants and users in the crypto industry to have different level of interactions around the Meme coin space. However, these interactions occur in a decentralized manner and the Platform does not oversee, control, manage, or have any actions upon such interactions.
This document aims to disclose some of the relevant risks associated with the participation, access, or any interaction of users with MEMEJOB Website or any of the digital assets created, listed, promoted, in Platform. Only users (the “User”, “Users”, “You”) are accountable for actions in the Platform, and any decisions they take in consideration to the information available in the Platform. MEMEJOB, its developers, and affiliates have no control, actions, monitoring, or oversight upon the transactions deployed in the Platform.
The risks disclosed in this document are for the reference of the User and such disclosure is not intended to be exhaustive, as other risks might also apply for the Users who are participating in the Platform. MEMEJOB reserves the right to modify or update the present risk disclosure at any time as required.
Users’ participation in the Platform and the related memes and tokens are entirely at User’ discretion and should be based on careful research, self-due diligence, and understanding of the specific risks involved. User’s participation in any virtual assets activity like acquiring, holding, transferring or making any involving transaction is inherently risky, including the potential loss of your virtual assets. All Users are strongly encouraged to carefully read the following risks applicable to the activities involved in the MEMEJOB.
-
Value Fluctuation Risk
- The assets listed in MEMEJOB may lose their value partially or entirely. There is no assurance of future value, and Users should not expect any financial return or economic representation. The market conditions and other factors outside the control of the MEMEJOB may affect the value and utility of the tokens, which are entirely outside of the control or management of MEMEJOB.
- The value fluctuations inherent to the market, may potentially impact the value of the meme tokens and or the expectation of holders. Additionally, value fluctuations may affect how those meme tokens and any of the projects involved can be exchanged in secondary markets or hold any value. Therefore, all Users with their sole participation in the MEMEJOB Platform acknowledge that the access and interaction with the Platform or any of the listed tokens involves inherent risks. Users must carefully consider the potential challenges and uncertainties before engaging in any transactions or activities thereon.
- MEMEJOB Platform makes no representations about the future value of the tokens, memes, or virtual assets listed in the Platform, and does not suggest or imply any potential for financial gain thereof.
- Market conditions could result in losing some or all of your investment. The past performance of an investment does not ensure similar outcomes in the future. Meme tokens typically gain their value from social trends, public sentiment, and the interest of the community, rather than from any inherent utility or underlying assets. The speculative aspect raises the chances of significant financial loss.
-
Transferability Risk
- The On-Chain tokens may not always be transferable, especially during specific phases of the project involved and are entirely outside of the control, management, and oversight of MEMEJOB. Transferability may be restricted based on technology, smart contract conditions, or Platform limitations, impacting Users’ ability to interact with their tokens in any intended manner.
-
Liquidity Risk
- These listed tokens might not be liquid in secondary markets, meaning that User and token holders may not have access to exchange those meme tokens on secondary markets or may not be easily sold or converted into other assets, and all these market interactions are acknowledged to be outside of the control or management of MEMEJOB and its Protocol.
-
Technical Risks
- The Platform relies on numerous technologies including blockchain technology, and smart contracts which may be subject to vulnerabilities such as bugs, network congestion, or other technical failures. Such issues could disrupt the User interaction with the platform or the tokens listed on it, including the transfer, or other functionalities. Technical discrepancies in smart contracts may potentially affect any intended conversion between tokens or their liquidity.
- MEMEJOB depends on smart contracts to facilitate automated processes. These contracts might have mistakes, flaws, or weaknesses that could lead to unexpected results, such as the loss of funds or other assets.
- The blockchain network could face latency, downtime, or various performance challenges. These disruptions may impact holders and Users ability to engage with the Platform or finalize transactions.
-
Regulatory and Jurisdictional Risks
- Changes in laws or regulations related to blockchain or meme tokens may impact the Platform’s operation, the value of the tokens, or Users’ ability to use or trade them. Regulatory actions or decisions in certain jurisdictions could also limit the availability of the tokens. These restrictions could vary significantly from one country or region to another, depending on factors such as the legal classification, understanding, and connotation of tokens and virtual assets, regulatory frameworks, or compliance requirements.
- Users are responsible for understanding and complying with all legal and regulatory requirements that are applicable to the respective country or region pertaining to the usage of the Platform, the interaction with any of the virtual assets thereon, including their actions in the Platform. Therefore, the use of VPN technologies or any other tools to disguise the real location of the Users is entirely the responsibility of each User. Likewise, the liability for the breach of any regulation related to the matter is exclusive of each User and lies outside of MEMEJOB control or responsibility.
- Any obligations under the regulatory requirements including but not limited to, the applicability of tax or any regulatory reporting obligations required under the respective virtual assets regulations are to be understood and fulfilled by the User solely. Users are advised to consult with legal, tax, or regulatory professionals if they are uncertain about the rules and requirements regarding virtual assets and meme tokens in their jurisdiction.
- Law and regulations on virtual assets are subject to changes, modifications and amendments. The User holds the responsibility to understand the applicability and the obligations specified by such laws and regulations. MEMEJOB assumes no liability for any failure to understand or comply with these regulatory obligations.
- Engaging in token launches, trading, or staking could result in tax responsibilities. All Users require to get informed, understand, and comply with the tax laws that apply to the jurisdiction where the User has interaction with the tokens or the MEMEJOB platform.
-
Wallet Security Risks
- The User is the only responsible for securing wallets and private keys and the seed phases linked to wallets. Any unauthorized access, loss of private keys, and loss of access due to hacking, phishing, or mismanagement of wallet credentials could result in the permanent loss of the tokens stored in the wallets, with no recourse available for recovery. MEMEJOB assumes no responsibility for any financial damage resulting from the loss of private keys or access to the User’s wallet. Therefore, Users are strongly encouraged to learn and apply duly security measures to protect their assets, wallets, and their keys, from any third party or unauthorized access to them.
- MEMEJOB does not hold or manage User funds, assets, or projects’ treasury. Every transaction takes place directly between the User and smart contracts. Therefore, any mistakes or losses that occur due to wallet mismanagement, erroneous transactions, or unauthorized access are entirely and sole User’s responsibility.
- Transactions conducted on the blockchain are generally permanent and cannot be undone. It's important to be accurate and careful before starting any transaction, since mistakes cannot be reversed and MEMEJOB has not any ability to control, oversee, or reverse any of those transactions.
-
Cybersecurity Threats
- Decentralized protocols face cybersecurity risks just like any other system, including the potential for unauthorized access, hacking incidents, or data breaches. The consequences of these threats could lead to the loss of valuable assets or personal information.
-
Standardization Risk
- The meme tokens listed on the MEMEJOB Platform are based on a specific token standard including but not limited to ERC-721, ERC-1155, and ERC-20 applicable on a case-by-case basis, that may have inherent limitations or be subject to changes over time. These limitations or the changes might affect the tokens, their mutability, existence, and performance, upon which MEMEJOB has not any control or interference. All these limitations or changes are beyond the control of the MEMEJOB, hence the Platform assumes no liability for any limitations or changes in token standards that may potentially affect to any extent the tokens held by the User.
-
Gas Fee Obligation
- When interacting with the blockchain networks, including the transfer of any asset, it requires the payment of network fee or the transaction fee (commonly referred to as “Gas Fee”). Gas Fee may fluctuate based on the supply, demand, and network capacity and may increase at any time during the periods of network congestion. MEMEJOB assumes no liability associated with the fluctuations or changes in the Gas Fee increasing or affecting the usability of the tokens. Users are solely responsible for the payment of the associated Gas Fee and stay up-to-date on significant changes thereon.
-
Voluntary Access
- The access to or User’s participation in any of the activities in the MEMEJOB Platform involving tokens is entirely voluntary and responsibility of the User. The User is solely responsible for the decision to access and participate to any extent across the Platform activities, the Platform neither compels nor asks the Users to indulge in the Platform’s activities, or recommend, or encourage the participation of other Users.
- MEMEJOB holds no liability for any loss or damages or any consequences arising from participating or accessing the activities on the Platform. Users assume and acknowledge all the risks associated with their access and involvement on the Platform.
-
Third Party Risk
- MEMEJOB has no relation with third parties or projects listing tokens in the Platform. MEMEJOB does not hold any liability for the damages or technical issues that potentially affect the user activities in the Platform caused due the action or omission of those projects or third-parties.
- All Users are encouraged to get informed of all the policies, procedures, terms, and risks applicable to the projects, tokens, and teams or individuals associated with the tokens they hold or decide to have any interaction with.
-
Accuracy of Information
- The information created by the Platform or market participants across MEMEJOB, including the Terms and Conditions, this risk disclosure, and another related document are not intended to be exhaustive. MEMEJOB does not guarantee the accuracy or completeness of all details presented, as it is presented as “IT IS.”
-
Limited Use Cases
- The tokens listed in MEMEJOB might not provide any intrinsic or speculative value, or any use. Meme tokens typically gain their value from social trends, public sentiment, and the interest of the community, rather than from any inherent utility or underlying assets. The speculative aspect raises the chances of significant financial loss.
-
Future Risks and Uncertainty
- In addition to the aforementioned risks, various other risks that are currently not known or documented may occur in the future that may potentially affect the virtual assets and tokens, or the blockchain network, as a result could affect the functionality of the MEMEJOB and the activities thereon. Users hold the responsibility to make research before engaging and accessing the MEMEJOB and keep informed on the evolution of blockchain developments and technical found constraints, failures, or limitations.
- Users must understand that the risks outlined are not exhaustive, further updates and developments in MEMEJOB may also result in the risks that are not currently anticipated.