LEGAL
This document (White Paper) is published by Susumi Capital Corp (Susumi Capital) for educational and informational purposes only to enable the reader to understand the Susumi Concept.
Readers are advised to Do Your Own Research before making a judgment whether or not to get involved in any way with the Susumi Concept as described in the White Paper, or to purchase Susumi Tokens. The information contained in this document has been collated and assembled from various sources which the authors believe to be reliable at the time such information was obtained. No guarantee is made to the accuracy or completeness of the information herein.
All plans, financial projections, estimates, business strategies, and technical performance of the software herein described are forward-looking statements. The authors make no representations of the accuracy of the information contained in this document and will not be obligated to provide any updates. The Susumi Token and Susumi Crowdfunding Smart Contract and the services offered through the combination of the two are hosted and delivered on multiple computer servers located in several countries and not tied to any specific jurisdiction.
The Susumi Token, the Susumi Crowdfunding Smart Contract and any other applications or services offered via the Susumi Platform (Associated Services) are not available to be purchased or accessed by individuals or legal entities domiciled in countries where the use, purchase, or investment in Cryptocurrencies and or Crowdfunding are restricted or require prior registration with government authorities or any other pre-approval formalities. Nothing contained in this White Paper is or should be considered as a promise, a representation of, or a commitment to the future performance of the Susumi Token and associated services. Ownership or possession of the Susumi Token does not grant the possessor any promise, title, or right to participate or partnership, privilege, prerogative, preference, or another right, enforceable, or convertible, in relation to the share capital of Susumi Capital Corp, nor does it confer voting rights, or any other political rights relating to the administration or conduct of business by Susumi Capital Corp.
The Susumi Token is a virtual cryptocurrency and should not be considered to be or classified as:
The possible increase in the value of the Susumi Token in the secondary market may be due to various factors but shall not result from the efforts of Susumi Capital Corp, its shareholders, or any third parties contracted to it. 1. Debentures or shares issued by any person or entity. 2. Rights under a contract for differences or any other contract whose purpose is to secure a profit or avoid a loss 3. Any type of currency other than cryptocurrency.
Is Susumi a Ponzi?
Susumi is not in any way a Multi-Level Marketing, Ponzi or Pyramid Scheme
The Susumi transactions are completely transparent.
There are always a fixed number of slots and a fixed amount to be raised from a Susu fund in Susumi. Once this is achieved the Susu Fund is closed. Those who contribute to a Susu Fund on Susumi receive the right to create a Susu Fund of their own.
Participation in the Susumi platform is based on the understanding that every participant has an equal opportunity to benefit in a similar way.
Susu by design is cyclical so there is no pyramidical structure in Susumi.
Disclaimer
This White Paper is purely intended to describe the technical and operational nature of the Susumi Concept in detail as it has been conceived. It does not constitute and should not be construed as any form of advice or a declaration or guarantee of financial success. The authors hereby seek to clarify that this White Paper and any other materials or explanations provided should not be considered a prospectus or an invitation to invest. Any user of the Susumi Token or associated services must be responsible for all fiscal, tax, and legal obligations arising from their use of the Susumi Token and its associated services. Under no circumstances will Susumi Capital Corp be held responsible for any taxes or financial obligations of any user of the Susumi Token and/or associated services. This White Paper is not a prospectus, product disclosure statement, or other regulated offering document and has not been endorsed or registered by any governmental or regulatory authority. The distribution and use of this White Paper, including any related advertising or marketing material, and operations with Susumi Tokens, may be restricted in certain jurisdictions.
In view of the above, potential buyers of Susumi Tokens must be adequately informed and fully cognizant of the applicable laws in their jurisdiction relating to purchase, exchange, or investments in cryptocurrencies, observing any restrictions that may exist at the time of their purchase or intended purchase of the Susumi tokens.
It should be noted that legal norms and interpretations, especially concerning restrictions, undergo rapid and frequent changes. Susumi Capital has no responsibility or liability to any person or recipient, whether by misrepresentation, or, arising out of a statement, opinion, or information, expressed or implied, derived, contained, or omitted from this White Paper. Each recipient must rely exclusively on their own knowledge, investigation, research, judgment, and evaluation concerning the matters covered by this White Paper.
Susumi Capital does not guarantee the quality or performance of any technologies, innovations, or activities described in this White Paper.
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Furthermore, Susumi Capital shall not bear any responsibility for the operation of the technology, or any other methods used for the purposes described in this White Paper.
Susumi Capital reserves the right to re-evaluate opinions reflected herein, which may change without prior notice, and is under no obligation to amend, modify and update this White Paper, nor is Susumi Capital obligated to notify the reader if any opinions, predictions, or assumptions change.
While every effort has been made to ensure that the statements of facts made in this White Paper are accurate and that all estimates, projections, forecasts, perspectives, expressions of opinion, as well as subjective judgments correspond to the closest and most concrete expectations, there is no guarantee that such expectations will be met. Any plans, projections, or forecasts mentioned in this White Paper may not be achieved due to several unpredictable risk factors, including technological limitations, legal impediments, market volatility, industry volatility, corporate actions, or unavailability of complete and accurate information.
Before purchasing Susumi Tokens, the reader should carefully analyze the associated risks; it is essential to have technical guidance, as it is a complex and volatile market with high risk. In any context, allegations of ignorance of risks, negative points, or even personal technical incapacity by the User of the Susumi Token or associated services will not be accepted. Susumi Capital shall not be liable for any indirect, special, accidental, consequential, or any other loss, including, but not limited to, loss of revenue or profits, arising out of or in connection with the trust any reader has deposited in the information contained in this White Paper.
Susumi Capital may, at its sole discretion and without prior notice, transfer and assign the development rights and obligations relating to the Susumi Token in favor of another company directly or indirectly controlled by Susumi Capital Corp or its business partners, regardless of the jurisdiction in which the assignee has been incorporated. This White Paper and any updated versions of it will only be made available at www.susumicapital.com. Its redistribution, reproduction, or transfer to any other person, natural or legal, and its publication, in part or whole, for any purpose, without the prior written consent of Susumi Capital Corp, is expressly
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Risks:
The reader is hereby notified that there will be inherent risks involved when buying, holding, exchanging, or in any way transacting with the Susumi Token, the Susumi Crowdfunding Smart Contract, or any of the associated services, or indeed in dealing with Cryptocurrencies or Blockchain technology in general. In transacting with Susumi tokens the reader must fully assume these risks exempting Susumi Capital Corp and its partners, managers, employees, and representatives from any liability for losses and damages arising from any such risks, for example:
Cryptocurrency Market Risks: Third parties that may facilitate secondary trading of the Susumi Token are subject to variable regulatory supervision which may leave them exposed to fraud or manipulation. It is important to note that any exchange value assigned to the Susumi Token by third parties either denominated in a digital or fiat currency, can be highly volatile and may be reduced to zero at any time.
Development Risks: The Susumi Concept is still under development and may undergo significant changes over time. While all commercially reasonable steps are taken to make the Susumi Concept function precisely as described in this Whitepaper, Susumi Capital may have to change the Susumi Concept for legitimate reasons. In addition, Susumi Capital has no control over how other participants will use the Susumi Token or how third-party products and services will use the Token (if applicable). This can create the risk that the Susumi Token, as developed and maintained, will not meet the reader's expectations at the time of purchase
Risk Of Low Appeal: It is possible that the Susumi Token is not used by a large number of individuals, companies, and other entities or that there is limited public interest in creating Susu Funds with the Susumi Crowdfunding Smart Contract as described. Such lack of use or interest can negatively impact the development of the Susumi Token and, therefore, the objectives pursued with its acquisition. In addition, the success of the Susumi Concept largely depends on the adoption of the Susumi Token by users. Users may not adopt or use the Susumi Token. This lack of use or interest can negatively impact the potential usefulness of the Susumi Concept
Hacker or Sabotage Risk: Hackers or other groups of malicious organizations may attempt to interfere with the Binance Platform or the Susumi Platform in a variety of ways, such that the expected performance of the Susumi Token or the Susumi Crowdfunding Smart Contract is hindered, and which may result in the temporary or permanent loss of Tokens or the entire technical infrastructure.
Network Risks: Susumi Tokens are based on the various underlying networks on which they are created and deployed such as the Binance Smart Chain Network and others. Any malfunction, break, regulatory or otherwise restriction in the availability or performance of the underlying networks may have a material adverse effect on Susumi Tokens and the Susumi Crowdfunding Smart Contract.
Insurance Risk: The reader should bear in mind that the Susumi Token is uninsured and in the event of a loss, there is no public or private insurance cover for the Tokens organized by Susumi Capital
Regulatory Risks: The regulatory status of Tokens in general is unclear or uncertain in many jurisdictions. It is difficult to predict how Government authorities might enforce existing regulations or to predict how or whether they might implement changes in law and regulation that affect Cryptocurrencies and related technologies and their use and availability, including the Susumi Tokens. Regulatory actions may negatively impact Susumi Tokens now or in the future in many ways, including, for illustrative purposes only, determining that the purchase, sale, and delivery of Susumi Tokens constitute an illicit activity, that the purchase or exchange of Susumi Tokens would depend on registration or licensing. Susumi Capital may recommend that users in any particular jurisdiction cease their operations if regulatory actions, or changes in law or regulation, make it illegal or commercially undesirable to operate in such jurisdiction.
Compliance Risks: Different jurisdictions globally have varying regulations on the use of data, and associated applications and technologies, including those concerning data protection and privacy, and consumer protection, amongst others that can impact the Susumi Concept. These laws and regulations, and their interpretation or application may change from time to time. In addition, new laws or regulations that affect Susumi Tokens may be created or made more stringent to adversely impact the utility or maintenance of the Susumi Concept.
Tax Risks: the tax characterization of tokens is still uncertain. Before purchasing tokens, the reader should seek tax advice, including information regarding withholding taxes and the consideration of tokens in respect to income tax returns. The amounts in crypto assets received by Susumi Capital with the sale of the Susumi Token may become taxable, adversely affecting the available financial resources and the Company's ability to achieve its objectives as described in this White Paper.
Operational Risks: It is possible that the intended uses of Susumi Tokens will take longer than expected to be achieved. Susumi Tokens are just one product in a highly competitive market, and their widespread adoption by new users, as well as development by technology partners may take longer than expected. Furthermore, the use of tokens, in general, represents a new capability in emerging technology. As the technology matures, new features can drastically alter the usefulness of Susumi Tokens or the ability to use or sell them.
Discontinuation Risk: It is possible that, due to several reasons, including, but not limited to unfavorable fluctuation in the value of the Susumi Token, decrease in its usefulness, failure of commercial relationships or intellectual property challenges, the conduct of the Susumi Concept becomes or proves unfeasible, leading to its discontinuity.
Unanticipated Risks: DeFi Smart Contracts and Tokens are a new and untested technology. In addition to the risks outlined above in this White Paper, there could be others including unpredictable risks. Such risks may materialize as unexpected variations or combinations of the risks discussed above in this White Paper.
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