This document is a vision document and should not be considered a speciﬁcation. It is not a promotional material, reﬂecting the fact of issuance of securities and calling for investment in the sense in which it understands the law on securities. F7 token does not give its holders ownership of a part of any segment of the public or private market. The main purpose of the F7 token existence is its use in the Five7 ecosystem. The sole purpose of this document is to present the Five7 project to potential holders of tokens in such a way that they can make reasonable and informed decisions regarding the purchase of F7 tokens. This document describes in detail the management of the Five7 project, its importance to society based on our believes, its functionality and objective grounds for investing in the acquisition of F7 tokens distributed within the token sale campaign.
Just like any blockchain technology, acquisition of F7 tokens is associated with a high level of ﬁnancial risk. All investments are done at your sole discretion and you are solely responsible for assessing all potential investment risks as well as doing your due diligence prior to the time of investment. Consult your advisors before deciding to purchase any Tokens.
Five7, Five7 LTD and “F7” (as described in Whitepaper) is not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus nor offer document of any sort and is not intended to constitute an offer or solicitation of securities or any other investment or other product in any jurisdiction. All statements, project technical information and other declarative information contained in this document cannot be considered as guarantees or promises to the holders of F7 tokens. Such data may not be considered as a ﬁnancial prediction of any. Forward-looking statements are based on publicly available statistics as well as the proposals and forecasts of the initiators of token sale Five7. Even though the organizers believe the forward-looking statements are reasonable and implementable, Five7 cannot guarantee to buyers of tokens the correctness of such forward-looking statements, as well as the intended results of the company's activities speciﬁed in them. Five7 will do everything in their power to fulﬁll predictions listed in the roadmap in good faith to the best of their ability.
This Whitepaper and related materials are originally issued in English. Any translation is for reference purposes only and is not certiﬁed by any person. If there is any inconsistency found between a translation and the English version of this Whitepaper, the English version prevails. Unless otherwise stated, all references to “$” and “dollars” in this Whitepaper pertain to United States dollars.
This Whitepaper has not been reviewed by any regulatory authority in any jurisdiction.
The risk of losing access to F7 tokens in case of loss of private keys:
A private key or a combination of private keys is required to manage F7 tokens stored in your digital wallet. The loss of private keys connected to your digital wallet automatically leads to the loss of access to F7 tokens. In addition, if any third-party gains access to your private keys or data to enter your wallet, access to your F7 tokens can also be lost.
Any technical issues related to the wallet on which you store F7 tokens, including your own wrong wallet maintenance actions, can also lead to the loss of F7 tokens. We sBinance Smart Chaingly suggest you take every safety measure available to you to protect your wallet, your private keys and your F7 tokens. No F7 tokens will be re-issued in case of the loss or a theft.
Since F7 tokens and the entire Five7 ecosystem are based on the Binance Smart Chain protocol, any possible failure of the Binance Smart Chain protocol can adversely affect the ecosystem of Five7 and F7 tokens, which are in circulation within this system. The development of cryptography and technological advances in blockchain technology in general can also pose a potential threat to F7 tokens and the Five7 ecosystem, including token functionality and value.
F7 tokens are at risk of miner attacks during the conﬁrmation of token transactions in the Binance Smart Chain blockchain, including the risk of double-spending attacks, MMP attacks, and self-mining attacks. Any successful attack of this type puts the entire Five7 ecosystem at risk.
Hackers and other organized crime groups may try to hack the Five7 ecosystem and assign F7 tokens to themselves in various ways.
Due to the imperfection of the legal framework, the legal status of F7 tokens and blockchain technologies is not clear in some jurisdictions. It is impossible to predict any law enforcement actions regarding the operation of the Five7 ecosystem and the handling of F7 tokens should the legal ﬁeld change in such jurisdictions. It is also impossible to foresee possible changes in legislation made by legislative bodies of various jurisdictions related to the regulation of the blockchain sphere. The possibility of such changes represents a potential risk for owners of F7 tokens. This may include, for instance, an updated requirement by a certain jurisdiction to have Five7 conduct a compulsory KYC/ AML procedure, where it was not previously required, to ﬁnalize the transaction.
The tax component of the acquisition of F7 tokens is not clearly deﬁned. Your purchase of F7 tokens can lead to adverse tax consequences, including income tax or other type of tax.
Five7 Ecosystem is under development and may be subject to signiﬁcant changes and corrections in terms of technical operation up to the full completion of the development of the platform. The effectiveness of the Five7 ecosystem development largely depends on the number of F7 tokens sold. Poor token sale results can lead to a shortage of the resource base required for the full development of the ecosystem. In case the project team does not collect the necessary amount required for product development (soft cap), all collected funds will be returned to the investors, minus the commission for such transaction.
One cannot rule out the possibility that for some reason, including an unfavorable change in the exchange rate of currencies such as ETH, BTC or other cryptocurrencies, a drop in the level of functional utility of F7 tokens beyond our competence may occur. Legal problems and intellectual property issues of the Five7 ecosystem can also disrupt the operation of the Five7 platform or completely liquidate the company.