DISCLAIMER
Regarding the legal and tax ramifications, as well as other elements of the $SILVA token, you should consult your own advisors. The $SILVA token is a Community Token that can be bought and sold on secondary marketplaces. This Whitepaper is not a prospectus and is not an offer to the public of financial instruments and/or securities, nor is it an offer in connection with a collective investment scheme.
This Whitepaper, the $SILVA token, and the use, holding, and trading of the $SILVA token confer no rights, express or implied, other than the ability to trade on DLT exchanges following the $SILVA token’s admission to such trading.
The Issuer's $SILVA token does not constitute or confer any ownership, share, security, or comparable rights, intellectual property rights, or any other kind of participation in the Issuer. The holder of a $SILVA token does not have any rights to acquire any such interest or entitlement in the Issuer. Furthermore, the Issuer is not obligated to repay any investment made as a result of this Whitepaper in any form.
This Whitepaper does not imply that the information included in it is correct and complete after its publication date, or that any information provided in conjunction with it is totally accurate at any time after the date on which it is provided.
The information and content in this Whitepaper are based on current practices and legal considerations at the time the Whitepaper was written, and are subject to change as a result of any possibly applicable external regulatory factors.
Payments and/or incentives delivered in the form of $SILVA token ("$SILVA token"), which are cryptocurrencies subject to a high degree of risk and volatility, and which may be illiquid and difficult to value, may be available or may become available in the future on the Foundation[1] website (....).
You understand, admit, agree, covenant, represent, and warrant to Gorilix DEFI the following as a condition prior to your participation in any of the Gorilix’s Programs:
(A) You must conduct your own investigations and evaluations of any digital cryptocurrencies/tokens (i.e. $SILVA token) that will be distributed in accordance with the Foundation Programs' relevant terms and conditions;
(B) You must be aware of the legal and regulatory obligations that apply to you in connection with the acquisition, holding, trading, and disposition of $SILVA token Incentives after delivery, as well as the income and other tax consequences of such acquisition, holding, trading, and disposition;
(C) notwithstanding anything contained herein to the contrary, you specifically acknowledge and agree that trading and/or transaction in/ with $SILVA token may be prohibited in certain jurisdictions including, without limitation, UNITED STATES OF AMERICA AND ITS TERRITORIES, CANADA, DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA (NORTH KOREA), CUBA, SYRIA, IRAN, SUDAN, CRIMEA REGION OF UKRAINE, PEOPLE’S REPUBLIC OF CHINA (“Excluded Jurisdictions”);
THE $SILVA TOKEN'S UTILITY OR THE PROJECT DESCRIBED IN THIS WHITEPAPER ARE NOT GUARANTEED TO BE DELIVERED.
BY AGREEING TO THESE TERMS AND CONDITIONS AND PARTICIPATING IN THE GORILIX ECOSYSTEM, YOU ARE WAIVING YOUR RIGHTS. YOU AGREE TO HAVE NO RECOURSE, CLAIM, ACTION, JUDGMENT, OR REMEDY AGAINST GORILIX DEFI IF THE UTILITY OF THE $SILVA TOKEN OR THE PROJECT DESCRIBED IN THIS WHITEPAPER IS NOT DELIVERED OR REALIZED BY PARTICIPATING IN THE GORILIX’S $SILVA TOKEN SALE.
WE STRONGLY URGE YOU NOT TO PURCHASE ANY $SILVA TOKEN IF YOU ARE UNCERTAIN ABOUT ANYTHING IN THIS WHITEPAPER OR IF YOU ARE NOT PREPARED TO LOSE THE MONEY YOU SPENT PURCHASING $SILVA TOKENS.
BEFORE PARTICIPATING IN THE GORILIX ECOSYSTEM $SILVA TOKEN SALE OUTLINED IN THIS WHITEPAPER, WE RECOMMEND THAT YOU CONSULT LEGAL, FINANCIAL, TAX, AND OTHER PROFESSIONAL ADVISORS OR EXPERTS FOR FURTHER GUIDANCE. YOU ARE STRONGLY ADVISED TO SEEK INDEPENDENT LEGAL ADVICE ON THE LEGALITY OF YOUR PARTICIPATION IN THE TOKEN SALE IN YOUR JURISDICTION.
$SILVA TOKEN ARE NOT IN ANY WAY SHARES OR SECURITIES. YOU ARE NOT ENTITLED TO ANY OWNERSHIP OR OTHER INTEREST IN GORILIX DEFI AS A RESULT OF THEM. THEY ARE SIMPLY A METHOD BY WHICH YOU MAY BE ABLE TO USE CERTAIN SERVICES ON A YET-TO-BE-DEVELOPED PLATFORM. THEREFORE, THERE IS NO GUARANTEE THAT THE PLATFORM WILL BE DEVELOPED AT ALL
Risks
Below is a non-exhaustive list of the primary risk factors that the Company considers to be significant in relation to the token's trading and/or use. These risk considerations should be taken into consideration alongside all other information provided in the Whitepaper and participants are recommended to check with their professional advisers (including their financial, accounting, legal, tax, or technical advisers or experts).

The risk of losing accessacess to $SILVA Tokens due to the loss of private key(s), a custodial error, or a participation error is as follows:

A wallet is required for the acquisition, storage, and disposal of $SILVA token. The participant acknowledges that he is responsible for establishing the Wallet with a third-party provider to retain the $SILVA token and for taking acceptable security measures to protect the wallet. As a result, if the requisite private key(s) associated with the Wallet holding $SILVA token are lost, the $SILVA token and any other cryptocurrencies and/or tokens will be lost as well. Additionally, any third party that has access to such private key(s), including through the Participant's Wallet's login credentials, may be able to misappropriate the Participant's $SILVA token. Any errors or malfunctions caused by or relating to the Wallet used by the Participant to receive and hold $SILVA token, including the Participant's own failure to properly maintain or use such Wallet, or caused by the Participant's choice of third party provider for the Wallet, may also result in the loss of $SILVA token.

Hacking risk and security flaws:

Denial of service attacks, Sybil attacks, spoofing, smurfing, virus attacks and any other similar events that could have an influence on $SILVA token and the services the Company may offer from time to time may be attempted by hackers or groups of hackers.

The risk of security flaw in the Smart Contract, the Website, or the source code of the $SILVA Tokens, or in any associated software and/or infrastructure:

There is a possibility that the Smart Contract, the Website, or the $SILVA token may have inadvertent flaws or vulnerabilities in the source code, preventing users from using or losing $SILVA token. Updates and modifications may have unwanted or unforeseen consequences for $SILVA token.

Risk of not listing or low/no liquidity:

Exchanges may be subject to unclear governmental control, and the Company makes no representations or warranties about exchange service providers. Users, including the participant, may be subject to fraud and failure in connection with those exchanges. There is no guarantee that an active secondary market for $SILVA tokens will develop or continue to develop.

Risk of uninsured losses:

Unlike bank accounts or accounts with financial organizations, $SILVA tokens are not covered unless the participant buys private insurance particularly for that purpose. There is no public insurer for the loss of $SILVA token.

Internet transmission risks:

There are threats connected with the use of $SILVA token, including the failure of hardware, software, and Internet connections, as well as other technologies on which $SILVA token rely. These failures may cause communication breakdowns, mistakes, distortions, or delays when utilizing $SILVA token or the Website.

Risk of price fluctuation

The quotation of the $SILVA token can fluctuate presenting a challenge to model and estimate the future market behavior even for seasoned cryptocurrency traders. Native cryptocurrencies associated with the internal working of the networks to which the $SILVA token is deployed are also subject to fluctuations that directly and indirectly could impact the token’s value in the market. As a consequence, purchasers of $SILVA token should do their own research and be aware of the concept of “impermanent loss” before placing their tokens within a Liquidity Pool.. The Participant must comprehensively acknowledge price fluctuation risks of the cryptocurrency market and that still cryptocurrencies are traditionally subject to these significant price fluctuations that are beyond the control of the Company and driven mostly by exterior or market forces. The Participant also recognises their $SILVA token value can go down as well as up and they could lose some or all of their investment.

Other risks:

The Participant acknowledges and accepts the inherent risks connected with $SILVA token, including, but not limited to, risks associated with money laundering, fraud, exploitation for criminal purposes and any other unanticipated dangers. If any of the risks described in the terms are unacceptable to the Participant and the Participant is unable to comprehend them, the Participant should refrain from acquiring, holding, or using $SILVA token.
Last modified 3mo ago
Copy link
On this page
The risk of losing accessacess to $SILVA Tokens due to the loss of private key(s), a custodial error, or a participation error is as follows:
Hacking risk and security flaws:
The risk of security flaw in the Smart Contract, the Website, or the source code of the $SILVA Tokens, or in any associated software and/or infrastructure:
Risk of not listing or low/no liquidity:
Risk of uninsured losses:
Internet transmission risks:
Risk of price fluctuation
Other risks: