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Genesis Worlds Whitepaper
This paper lays out the vision, tokenomics, and roadmap for the Genesis Worlds project. We're taking a giant leap into the future, and we'd like you to join us in the future of metaverse gaming for the next 100 years, owned by the community, built by the community, for the community
Please Read Before Acquiring GENESIS Tokens or Attempting to use the Genesis Worlds Technology.
THIS GENESIS WORLDS WHITE PAPER (“WHITE PAPER”) IS MEANT TO PROVIDE THE READER WITH INFORMATION REGARDING GENESIS WORLDS, NFT PLATFORM LTD, GAME CREDITS, AND ITS PARTNERS (COLLECTIVELY “GW”), AND HOW THE GENESIS TOKEN (“GENESIS”) AND GENESIS TECHNOLOGY OPERATE. IT IS MEANT TO INFORM THE CURRENT DESIGN OF THE GENESIS TOKEN AND TECHNOLOGY AS WELL AS ITS PLANNED DESIGN.
THIS WHITE PAPER MAY BE UPDATED AT ANY TIME, WITHOUT NOTICE. TO ENSURE YOU HAVE THE LATEST INFORMATION, CHECK THE THE LATEST VERSION AT https://hub.genesis.game/whitepaper. ERRORS AND OMISSIONS ARE EXPECTED. GW AND ALL OTHER PARTIES DO NOT WARRANT THAT THIS WHITE PAPER IS ACCURATE, CORRECT, OR UP TO DATE AT ANY TIME.
THIS WHITE PAPER IS INFORMATIONAL ONLY AND DOES NOT REPRESENT A COMMITMENT TO YOU, THE READER, OF ANY OF THE CURRENT OR FUTURE DESIGNS OR FUNCTIONALITY OF THE GENESIS TOKEN OR NETWORK. MOREOVER, THIS WHITE PAPER IS NOT A SOLICITATION TO PURCHASE GENESIS TOKENS (“TOKENS”). FURTHER, GW DOES NOT SELL, WILL NOT SELL, AND HAS NOT SOLD GENESIS TOKENS TO ANY PARTY AT ANY TIME.
IF YOU ACQUIRE ANY OF THE TOKENS YOU AGREE THAT YOU HAVE NO RECOURSE AND YOU WILL NOT ASSERT ANY CLAIM, ACTION, JUDGEMENT OR REMEDY AGAINST GW OR OUR AFFILIATES, EMPLOYEES, OR PARTNERS, IF THE TOKEN LOSES VALUE, THE GENESIS TECHNOLOGY CEASES TO FUNCTION, OR IF THE TECHNOLOGY DOES NOT ULTIMATELY MEET EXPECTATIONS.
GENESIS TOKENS ARE NOT SHARES OR SECURITIES OF ANY TYPE. THEY DO NOT GRANT YOU TO ANY KIND OF OWNERSHIP OR OTHER INTEREST IN ANY ORGANIZATION, COMPANY, OR ENTITY. THE GENESIS TOKENS EXIST TO FACILITATE YOUR USE OF THE GENESIS TECHNOLOGY. THEY ARE NOT INVESTMENTS; THERE IS NO PROMISE THAT THEY WILL INCREASE IN VALUE; THEY ARE VALUABLE ONLY INSOFAR AS THEY ARE DESIGNED TO WORK WITHIN THE GENESIS TECHNOLOGY.
FOR MORE INFORMATION REGARDING LEGAL NOTICES, PLEASE SEE THE LEGAL NOTICES SECTION IN THIS WHITE PAPER.
Genesis is a multicreator gaming universe, with a diverse community working together to achieve a common goal: A metaverse that will still be growing, evolving, and actively played in 100 years.
To achieve this, development and management of Genesis will be decentralized, with governance decisions guided by the Genesis Foundation, and voted on by players using the GENESIS token. Genesis will run as a nonprofit, with all assets owned by and revenue earned by the Genesis Foundation reinvested in the long-term success of the game.
Genesis is filled with hundreds of worlds, each one with a unique theme and gameplay experience, and each crafted by a group of community members with shared interests.
Everything in Genesis is community-created. Players will travel from world to world, to complete player-created quests, with player-created enemies in player-created environments.
Genesis Worlds sits at the intersection of NFTs, DeFi, gaming, and the metaverse. Each of these has the potential to be a $100Bn market or bigger. Together, the potential is far greater, and the approach we’re taking allows every creator in the Genesis community to unlock that potential.
The purpose of Genesis Worlds is not profit, but to execute on its core vision: An RPG gaming metaverse which will grow and evolve over the next 100 years and beyond. The Genesis Worlds founders, creators, and investors will not be getting rich on the back of the success of Genesis Worlds. This is a massive benefit to the Genesis Worlds community - instead of large amounts of money being taken out of the ecosystem to provide profits, every single dollar, Ether, and GENESIS earned will be reinvested into the ecosystem.
While “we’re doing everything we can to never make a profit” would be a terrible investment pitch, we’re not asking you for investment. We’re asking you to buy into the vision for Genesis, and join us to create something amazing and enduring.
There hasn’t ever been a startup, game, metaverse, defi, or nft project quite like Genesis. A decentralized game, developed by community members, that will still be around 100 years in the future. When we’re creating something like Genesis, we have to start thinking differently. Genesis encompasses a lot of things: Community, startup, game, metaverse, defi, nft, culture, vision, IP, software, and more. So where should we start? With the “why” and the “how” - the vision for the game, the culture, and the community.
Genesis is filled with hundreds of worlds, each one with a unique theme and gameplay experience, and each crafted by a group of community members with shared interests.
Everything in Genesis is community-created. Players will travel from world to world, to complete player-created quests, with player-created enemies in player-created environments.
The core of Genesis gameplay is simple. Players will travel from world to world, complete player-created quests, fight player-created enemies, and explore player-created environments. Quest rewards include NFT collectible items, which players can level up, use, and sell to other players. But this is just scratching the surface of what Genesis can be. Each World has its own theme, as well as game mechanics unique to that World. Everything, from the collectible items, to the quests, to the buildings, environments, and enemies, is created by the community.
So maybe for you, Genesis is all about traveling around completing quests. But it might equally be designing and building those quests, or creating new monsters for other players to battle. Or maybe some Worlds call to you more than others. Maybe it’s the dance parties and casinos in Neo Vegas, or swimming with the fish in Atlantis. Or, even just sitting around in a public square, chatting with old friends and new arrivals.
And that’s where the true vision of Genesis lies. It’s not about the excellent gameplay, or the easy-to-use creator tools, or buying and selling NFTs. It’s about being part of a community that’s coming together to create something truly unique, something that will last for generations.
The Genesis community is made up of a vast range of creators, makers, developers, and more. Everyone has their own experience and skills, and we all work together to deliver a game that’s out of this world.
To grow the community, we’ll encourage forming and running small groups, provide them with tools, resources, and communication channels.
Community groups inside Genesis could include game dev students, groups of friends, indie developers, artist collectives, or even complete strangers (the internet is a wonderful place).
A great place to get more involved in the Genesis community is to join the discussions on one of our community sites:
Building a strong culture for Genesis and its community is our #1 goal. If we get this right, everything else falls into place. Firstly, we’re building for the long term. Most companies don’t think 10 years into the future - we’re looking 10 times that far. That changes where you focus. Culture and community become incredibly important elements, to maintain continuity across 5 generations.
Secondly, you're the hero of this story. There’s no time where you’ll have more impact on Genesis than right now. While we’re growing, everything is fair game - you can get involved and make real differences to gameplay, metaverse features, IP, nfts, collectibles, and more. So, when we use the word "we", we're talking about you, and everyone in the community that you're now a part of.
The three pillars of Genesis culture are Creativity, Collaboration, and Inclusion. Each is equally important to building a lasting game.
The first pillar of Genesis culture is Creativity. Genesis, as a game, as a metaverse, as an IP, will never stop growing, changing, and evolving with the times. And the creativity of the Genesis community is what will keep it fresh, new, and exciting. To support that growth, we must all foster a creative environment where new ideas are celebrated, implemented, and enjoyed.
The second pillar is collaboration. The Genesis community is not an “every person for themselves” group. It’s a community of diverse individuals working together to achieve a common goal. Genesis will succeed when we encourage and incentivize groups to form, grow, and work on projects together. We’ll help community members find groups and teams that can utilize their talents. And we’ll watch each other’s backs. If we see issues that affect other peoples’ experiences, we’ll help them overcome those issues, and help the wider community prevent those issues in the future.
The third pillar of Genesis culture is inclusion. A broad base of diverse members will create a more vibrant and exciting community. Diversity on its own, though, isn't enough. Genesis needs a constant influx of new community members, who believe in the Genesis vision, and take on progressively more responsibility. We need to actively bring them into the community, ensure that they know their way around, know the culture, and get them involved. The new recruits of today are the community leaders of tomorrow.
This Genesis Hub site holds both the up-to-date vision for the entire Genesis project, and the governance procedures and tools to make changes to that vision. Any community member can make a proposal, and, with enough support, make a fundamental change to any part of Genesis.
Governance for Genesis will be run by the Genesis Foundation, a not-for-profit organization that is tasked with building and growing Genesis, and by the Genesis community. When the community (or a community group) needs funds for a project, they make a request to the Foundation.
The Genesis community has a strong say in governance. In many ways, Genesis is a "do-ocracy" - if you want to make something happen, you just do it, and it happens. For more impactful requests, changes, and suggestions, the community has many more tools at their disposal.
At the simplest level, community members can band together to get general agreement on a topic, and request that the Foundation or other developers implement it.
For cases where more formal process is required, Community Improvement Proposals can be discussed, agreed on, and finalized, giving the weight of the whole community to the proposal.
And, at the most firm level, the community can call on-chain or off-chain governance votes to rally wide support around an issue.
The Genesis Hub site holds both the up-to-date vision for the entire Genesis project, and the governance tools to make changes to that vision. Any community member can make a proposal, and, with enough support, make a fundamental change to any part of Genesis.
Not all governance processes and procedures can be in place at the start of a project. To ensure smooth sailing during early development, the Game Credits team will shepherd Genesis to the point where the Foundation is fully in place, and the community is ready to take over active development. We expect this will take 12-18 months.
One big area of guidance is providing clear goals for the development community. These goals will encourage groups of community members to come together and work on a piece of the metaverse. We’ll also hold regular community events such as game jams, hackathons, art jams, and more.
We’re building a game that’s not for profit, and will last for 100 years. That requires a whole new way of thinking about funding and resources. Instead of going to a bunch of venture capitalists, who would happily sell Genesis for parts in 10 years, we’re self-funding the initial development of Genesis.
This self-funding will continue until Genesis gets off the ground and can use its own funds to become self-sustaining. The money required for ongoing development is generated through mining the GENESIS token, and delivered to the not-for-profit Genesis Foundation, who will use it to best drive the long-term success of the game.
Genesis runs on two tokens: GENESIS Tokens (ERC-20), for governing the entire game, and powering the economy, and Mining Claims (ERC-1155 NFTs), for governing individual worlds within the game.
Each World will be represented by a group of Mining Claims, with each represented by a 3d model of the world itself. Holding Mining Claims over time allow their owners to participate in world governance, own Land within the World, and mine GENESIS ERC-20 tokens. The more Mining Claims you own, and the longer you hold them for, the more GENESIS you mine.
GENESIS Tokens are the governance and economic token for Genesis, allowing holders to guide the direction of the universe, and make transactions within the game. GENESIS holders also benefit from activity in the Genesis universe, such as burning GENESIS during Land sales, as well as buying and selling in-game items, NFTs, and access to in-game events.
GENESIS can only be mined by holders of Mining Claims, and earned by participating in governance or providing liquidity. This is a 100% fair launch model, with no special deals, discounts, or special treatment for whales, and no tokens set aside for the team, advisors, or anyone else.
This diagram shows the flows of tokens across all aspects of Genesis, showing the ways you can earn GENESIS - farming with GAME, holding Mining Claims, in Governance, and via Land sales.
All distributions of tokens are done using a fair launch model, with no tokens set aside for the team, investors, advisors, whales, exchanges, etc. The only way to acquire GENESIS, Mining Claims, or Land is to pay market price.
The only groups that will receive GENESIS are the world owners, participants in governance, and the Genesis Foundation, to drive ongoing development, and liquidity providers on decentralized exchanges, to ensure a smooth market for GENESIS. There are zero (0) GENESIS set aside for:
- The Game Credits team
- Any members of the founding team
- Any employees of the Genesis Foundation
- Any advisors, marketing partners, influencers, or investors
- Any exchanges
Further, there are no under-the-table or over-the-counter sweetheart deals for whales, investors, or friends. The only way to acquire GENESIS is to pay market price for it, or pay market price for a world token.
GENESIS (ERC-20): The GENESIS ERC-20 token is the fundamental building block of the Genesis Multicreator Gaming Universe. GENESIS is delivered using fair launch principles - every GENESIS will be delivered to the community, whether by farming, mining via Mining Claims, or earned by participating in governance, liquidity, or content development. There are no special deals, and no tokens set aside for the team, advisors, or anyone else. You can see the split here:
To farm GENESIS, stake GAME in the farming contract. The longer you stake your GAME, the more GENESIS you'll farm. 50M GENESIS is set aside for this purpose.
To mine GENESIS, simply hold one or more Mining Claims in your eth address. The longer you hold the Mining Claims, the more GENESIS you'll mine. GENESIS mining starts one week after the first world sale.
GENESIS can also be earned through staking GENESIS in the governance portal. This incentivizes the community to participate in governance, and also to think long-term about the project. The earned GENESIS will be split among all governance portal members. Earning through governance starts four weeks after the first world sale.
The amount of GENESIS emitted through mining and governance is limited by the number of Mining Claims owned and the length of time the Mining Claims are held. There is no end date for the emission of GENESIS, but the emission follows a logarithmic curve, and so emissions reduce naturally over time.
Given the amount of GAME available, the limit on the number of Worlds, and the bonding curves, the expected total supply of GENESIS created over the first 100 years is 1 billion GENESIS.
The Foundation will not burn the GENESIS it owns. But, it will most likely escrow and time-lock large portions of that GENESIS to reduce circulating supply, and maintain resources for the long term. The mechanics of this time lock will be left up to the Foundation and the community, and may change over time.
Of the 1 billion expected total supply of GENESIS, 50 million, or 5%, will be set aside for the initial GENESIS farming pool.Another 50 million will be set aside to drive decentralized exchange liquidity, reward early community members. The remainder will be released over time to Mining Claim holders and Governance stakers.
GENESIS Farming: 50 million GENESIS will be placed in a pool, where community members can stake GAME to earn GENESIS.
Liquidity Incentives: 10 million GENESIS will be used to create and incentivize initial liquidity in a GENESIS-USDC pair on QuickSwap (Polygon), providing both a small initial pool amount, and a larger liquidity incentive for that pool, encouraging the community to keep the pool large enough to support high trade volumes. Because QuickSwap pools are all linked, this pool allows you to buy GENESIS using any token you own.
The liquidity incentives are designed to deliver a steady rate of 250% to 300% APR, and will last for 3 to 9 months, depending on the amount of GENESIS added to the pool.
Community Incentives: 10 million GENESIS will be used for community incentives between now and the end of 2022, such as rewards for involvement, contests, content, and more. Our most valuable community members are creators, designers, and organizers. For many, this will be their first experience in a crypto project. For many more, they may have only minimal financial resources. It’s important that early community members have access to GENESIS, so we’re creating this incentive to ensure the community can reward its most creative, prolific, and fun members.
Future Liquidity Pools: The remaining 30 million GENESIS is set aside for incentivizing additional liquidity pools. The pools and incentive amounts will be chosen by the community; likely pools include ETH-GENESIS on Uniswap and USDC-GENESIS on QuickSwap. Multiple trading pools ensures GENESIS will trade against a basket of currencies, and reduce price fluctuations. It also makes buying more attractive for users of those currencies.
Mining Claims (ERC-1155): Mining Claims are bonded NFTs that grant their owners the right to participate in governance for a specific in-game World. We expect a total supply of between 500 and 2000 Mining Claims for each World. Mining Claim owners also mine GENESIS on an ongoing basis.
Mining Claims are bought and sold using the existing GAME Credits ERC-20 token. When you buy a Mining Claim, your Game Credits are held in a smart contract, and you receive a Mining Claim NFT. Later, you can redeem GAME Credits by selling the Mining Claim back to the contract at the current market price. Using GAME in this way also puts a hard limit on the number of Mining Claims that can be bought, and therefore also limits the total emissions of GENESIS. This ensures that whales can't come in and skew the supply.
The price of a Mining Claim is determined by a bonding curve that depends on the number of Mining Claims that currently exist for a given world. As the chart below shows, the curve is very shallow, with the first NFT costing 500 GAME, while the 1000th costs 800 and the 2000th costs 2000. The bonding curve also allows you to sell back your Mining Claim based on the number of NFTs that exist, giving you instant liquidity.
To control both the number of mining claims available, and the maximum supply of GENESIS, the maximum number of Worlds available increases slowly over time, with 24 available at launch and 1 more available every 30 days.
To reduce the incentive for people to use bots to immediately buy large quantities of Mining Claims at the lowest possible prices, there is a minimum price of 500 GAME set for all Mining Claims. If this proves to be an insufficient disincentive, we also have the ability to set a higher price floor for the first hour of mining claim sales, allowing all users to have fair access.
Land Deeds (ERC-721): Land Deeds are NFTs that allow their owners to build structures and host events. Land Deeds are bought in GENESIS, and are available for a fixed timeframe. Half of the GENESIS spent on Land is burned, reducing the supply of GENESIS. The other half is granted for use by the world owners of that world. In addition, world owners will receive one Land per world share at the time of the land sale, and the Foundation will own an equivalent amount of land, to be used for community buildings, events, and supporting top creators.
The Foundation will not receive any GENESIS from the land sale; the land sale contract will burn 50% of all GENESIS received in the land sale. The remaining 50% will be placed in a development fund that can be used by the world-owners to build and improve features for that world.
Items: Other in-game items are NFTs that can be bought and sold in GENESIS. These can be bonded (ERC-1155) or normal (ERC-721) items, or use new standards that have yet to be identified. In general, 90% of the purchase price goes to the item’s creator (or is split between groups of creators), and 10% goes to the foundation to fund continued development.
This roadmap guides our development efforts, to help the whole community pull together and work on what's most important.
We're approaching Genesis development from an Agile perspective. While Agile processes don't map well onto a massively distributed team, the base philosophies still hold. We have a strong vision for where we want to go. But we know we'll learn new things as we go, and our vision will adjust. When that happens, the roadmap will adjust too. This is a good thing, especially when for a community-driven project.
So, this roadmap is very much a living document. More than any other project, it will change based on input, learning, and other factors, both within and outside our control.
For that reason, phases 2-4 are only lightly described, and do not have dates attached. As we get closer to the end of a phase, we'll make the roadmap for the next phases more granular. We will likely break phases down into smaller phases. We will also begin to post a "what are we working on now" list
This phase is all about getting set up, and launching the core pieces of the Genesis ecosystem: Contracts, Community, and Mining Claims.
- Smart contracts & core tech
- Genesis Hub
- Genesis community kickoff
- Gallery World 3d experience
- Mining Claim sale
This phase marks the start of prototyping and pre-production, and serious community involvement in game, content, and tools development.
- Gameplay exploration & prototyping
- Game dev tools pre-production
- Creator recruitment
- First governance votes
- Build content - history, lore, 3d models, and much, much more
This phase marks the start of operations for the Genesis Foundation, and the start of full game pre-production, with funding flowing from the Genesis Foundation for the first time. We'll start to see a meaningful ramp-up in the number and quality of playable experiences.
- Genesis Foundation in place
- Core Dev Team recruited
- Significant advances in game dev tooling
- Game production begins
- Playable world experiences are released
This phase marks the creator economy coming into full force, and the first multiplayer and multi-world experiences launching.
- Genesis Land sales begin
- Game production continues
- Multi-world quests released
This phase marks the broad launch of Genesis as a viable mobile and desktop gaming experience.
- Genesis launches on mobile & desktop
- Game development will never end
Jason brings with him over twenty years of financial and technical experience, including seven years managing various software technologies at BlackBerry. From working in concert with numerous Fortune 500 companies and governmental bodies to traveling the world to gain a global perspective, Jason brings a rare mix of experience to the group. Being involved in Cryptocurrency since 2012, his focus is on leading GAME Credits in the mission to allow true in-game item ownership and bring NFT's (Non-fungible tokens) to the mainstream.
Paul has established a vibrant career in the gaming and technology realm, having worked for Wizards of the Coast (the creators of Magic: The Gathering) and other top gaming ventures. He has taken this knowledge and infused it with the power of blockchain technology, pairing up his vision for a better gaming experience and applying that with cryptocurrency. The result was the GameCredits Platform, and it is for this reason that a top team of professionals has been assembled to help bring that to life.
Steve comes from the financial world prior to him joining the blockchain space in 2013. His energy and love for all things both digital and collectible have led him to the GameCredits project. Steve travels the World helping spread the message of blockchain and cryptocurrency and he serves as GameCredits' marketing specialist for this very reason. GameCredits is well represented on the global stage due to Steve’s desire to spread the virtues of the platform and technologies to the public.
Jen has spent the past two decades leading change at the intersection of workforce development and emerging technologies. She harnesses the power of team member strengths to drive organizational transformation, and is committed to building exceptional stakeholder experiences. Jen brings her knowledge and expertise to GAME Credits to architect scalable structure for rapid growth.
Matt’s experience in the gaming sector is only surpassed by his passion for it, making him a key member of the team here at GameCredits. His primary contributions come in the form of providing solid development across all of GameCredits' rich platform offerings. Always willing to help out, Matt is constantly looking for new innovations or features to improve the product while taking the time to educate others on the processes involved.
Chris has been in the blockchain industry since 2013 and has worked on several successful projects in various capacities. He assists GameCredits on coordination and communications within the blockchain and gaming communities while also leading his technical background to various areas. Perhaps the biggest contributions come from the sheer amount of knowledge Chris has acquired over the years of working in the world of cryptocurrency. Whenever the project needs a quick answer, Chris is often there and able to provide a solution.
Patricia started her interest in blockchain technology and crypto space back in 2018. She enjoys front lining for various crypto communities in agriculture, real estate, media, web security, finance, gambling and now, gaming. She mastered communicating with different types of community members to provide what they want and what makes them happy.
Marcel has been with GAME Credits since 2016 as a community member. He now assists in building the bridge between our vibrant community and the team.
Remy is the co-Founder of Crypto Community Vietnam, one of the largest English speaking blockchain communities in Vietnam. A former B2B sales and marketing for the travel industry with a blockchain passion. Remy has built blockchain communities and worked with many projects for Vietnam and SE Asia markets. Additionally, Remy has extensive experience in Blockchain Community Management, Market Research, and Events Planning. Remy is working as consultant for different projects as liaison agent of APAC and SEA region
From multispectral drone agriculture to on-demand helicopter service, Brian has spent the last two decades working with small teams who have big goals. He believes the best teams have founded in diversity, kindness, and a willingness to engage with discomfort to improve. As Director of Engineering Brian brings his experience and skills in applying these values in support our engineering team.
Daniel (Lead Blockchain Developer)
You: As a Genesis community member, your contributions to Genesis Worlds are vital’, and you are much a part of our team as the rest of us.
We’ve received help and advice from many luminaries of the crypto, defi, metaverse worlds. We credit them here because it’s important to recognize individuals and teams for the help they’ve given us in getting to where we are. None of these people have received or are entitled to any GENESIS tokens, and we do not ever intend to provide GENESIS tokens to advisors. Further, inclusion on this list should not imply that the named individual endorses Genesis Worlds or the GENESIS token.
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...because we have no investors. Investors think short term, and put profits above community. With no external investors, we can focus on the long term, and are accountable to the community and only to the community.
While Genesis Worlds, NFT Platform Inc, and GAME Credits (collectively, "GW") makes reasonable efforts to ensure that all information: (i) in the White Paper; (ii) available on the Genesis website https://genesis.game/, (iii) available on its Twitter accounts, Telegram channels, Discord Channel, or (v) any other available information moderated by GW (collectively, the “Sites”) (all the information available on the Sites hereinafter referred to as the “Current Information”) is accurate and up to date, such material in no way constitutes professional advice. Individuals intending to acquire the GENESIS token should seek independent professional advice prior to acting on any of the Current Information.
The information set forth in the Sites or these Legal Notices (“Legal Notices”) may not be exhaustive and neither create a contract between you and GW or any other party.
NO REPRESENTATION & WARRANTIES
Notwithstanding any other provision of these Legal Notices or any statement made expressly or impliedly in the Current Information, GW does not make or purport to make, and hereby disclaims, any representation warranty undertaking or covenant in any form whatsoever to any entity or person, including any representation warranty undertaking or covenant in relation to the truth, accuracy and completeness of any of the information set out in the Current Information.
REPRESENTATION & WARRANTIES BY YOU
By accessing the Current Information or interacting with the GENESIS toke or Genesis Platform, you represent and warrant to GW:
- you are over 18 (eighteen) years of age;
- you agree, accept, and acknowledge that the Tokens do not constitute shares or equities or securities or financial instruments or investments in any form in any jurisdiction for any purpose;
- you agree and acknowledge that the Current Information does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities;
- you agree and acknowledge that no regulatory authority has examined or approved of the Current Information, and presently there is no plan for the Current Information to be so reviewed;
- the distribution or dissemination of the Current Information any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to GW;
- you will not make any representation to any person regarding the Tokens that conflict with these Legal Notices;
- you agree and acknowledge that in the case where you wish to acquire any Tokens, the Tokens are not to be construed, interpreted, classified or treated as:
- debentures, stocks or shares issued by any person or entity (whether GW or otherwise);
- rights, options or derivatives in respect of such debentures, stocks or shares;
- rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
- units in a collective investment scheme;
- units in a business trust;
- derivatives of units in a business trust;
- any other security or class of securities; or
- any type of investment
- you are fully aware of and understand that you are not eligible to acquire or own any Tokens or access the Current Information if you are a citizen, national, resident (tax or otherwise) of an internationally sanctioned country;
- you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;
- you are fully aware and understand, there are risks associated with: (A) GW and its business and operations; (B) the Tokens; (C) the Genesis Platform; (D) storage of the Tokens, and (E) relying or acting on all or any part of the Current Information; you agree and acknowledge that GW are not liable for any direct, indirect, special, incidental, consequential, or other losses of any kind in tort contract or otherwise (including but not limited to loss of revenue income or profits or loss of use or data or loss of reputation or loss of any economic or other opportunity of whatsoever nature or howsoever arising) arising out of or in connection with any acceptance of or reliance on the Current Information, Sites, or any part thereof by you; and
- all of the above representations and warranties are true, complete, accurate and not misleading from the time of your last access to and/or possession of (as the case may be) the Current Information.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in the Current Information, statements made in any press releases or in any place accessible by the public and oral statements that may be made by GW or our representatives (as the case may be), that are not statements of historical fact, constitute “forward looking statements”.
Some of these statements can be identified by forward-looking terms such as “aim”, “target”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “probable”, “project”, “should”, “would”, “will” or other similar terms.
However, these terms are not the exclusive means of identifying forward-looking statements. All statements regarding GW’s financial position, business strategies, plans and prospects and the future prospects of the industry which GW is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to GW’s revenue profitability and growth, expected revenue profitability and growth, prospects, future plans, network plans, other expected industry trends and other matters discussed in the Current Information regarding GW are matters that are not historic facts, but only estimations and predictions.
GW makes no representation or warranty on having made any predictions or estimates or expectations on the basis of any formula, any mathematical or scientific modelling or forecast, or having made any due and proper enquiries or having undertaken any independent research or studies or otherwise. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of GW to be materially different from any future results, performance or achievements expected, expressed or implied by such forward-looking statements. These factors include, amongst others:
- changes in legal, political, social, economic, and stock or cryptocurrency market conditions and the regulatory environment in the countries in which GW conducts its business and/or its operations or where you engage with the Genesis Platform;
- the risk that GW may be unable or execute or implement its business strategies and future plans;
- changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
- changes in the anticipated growth strategies and expected internal growth of GW;
- changes in the availability and fees payable to GW in connection with its business and operations;
- the dead rising as an insatiable horde of zombies;
- changes in the availability and salaries of employees who are required by GW to operate its business and operations;
- changes in preferences of customers of GW;
- changes in competitive conditions under which GW operates, and the ability of GW to compete under such conditions;
- changes in the future capital needs of GW and the availability of financing and capital to fund such needs;
- the singularity, or emergence of a similar post-human society;
- war or acts of international or domestic terrorism;
- occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of GW;
- the proved existence of one or more gods, deities, or extra-terrestrial beings;
- other factors beyond the control of GW; and
- any risk and uncertainties associated with GW and its business and operations, the Tokens, the Genesis Platform and reliance on all or any part of the Current Information.
All forward-looking statements made by or attributable to GW or GW representatives are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of GW to be materially different from that expected, expressed or implied by the forward-looking statements in the Current Information, undue reliance must not be placed on these statements.
These forward-looking statements are applicable only as of the later of the date of publication and the latest date that the Sites have been updated. Neither GW nor GW representatives nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of GW will be as discussed in those forward-looking statements. The actual results, performance or achievements of GW may differ materially from those anticipated in these forward-looking statements.
Nothing contained in the Current Information is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of GW. Further, GW disclaims any responsibility to update any of those forward-looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.