Risk factors
An acquisition of VNX tokens involves a high degree of risk. Each potential purchaser of VNX tokens
should carefully consider the following information about these risks before he decides to
buy VNX tokens. If any of the following risks actually occurs, the value of VNX tokens could be
materially adversely affected.
Risks and uncertainties described below in this White Paper may not be the only ones token
holders face. Additional risks and uncertainties may also materially adversely affect value of VNX
tokens.
Blockchain Delay Risk. On the most blockchains used for cryptocurrencies’ transactions
(e.g., Ethereum, Bitcoin blockchains), timing of block production is determined by proof of work
so block production can occur at random times. For example, the cryptocurrency sent as a payment
for the VNX in the final seconds of the VNX may not get included into
that period. The respective blockchain may not include the purchaser’s transaction at the time
the purchaser expects and the payment for the VNX may reach the intended wallet
address not in the same day the purchaser sends the cryptocurrency.
Blockchain Congestion Risk. The most blockchains used for cryptocurrencies’ transactions
(e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions
can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain
an advantage in purchasing cryptographic tokens. That may result in a situation where block producers
may not include the purchaser’s transaction when the purchaser wants or the purchaser’s
transaction may not be included at all.
Risk of Software Weaknesses. The VNX token smart contract concept is based on and the
VNX Fund are still in a development stage and unproven. There are no representations and
warranties that the process for creating the VNX tokens will be uninterrupted or error-free. There
is an inherent risk that the software could contain weaknesses, vulnerabilities or bugs causing,
inter alia, the complete loss of the cryptocurrency and/or the VNX tokens.
Risk of New Technology. The VNX tokens and all of the matters set forth in this White Paper
are new and have been tested. However, there is no guarantee that all the goals set forth in this
White Paper will be fi nally achieved and successful.
Regulatory Risk: blockchain technology allows new forms of interaction and it is possible
that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing,
blockchain technology based applications, which may be contrary to the smart contract of
VNX token and which may, inter alia, result in substantial modifi cations to our smart contract
and/or the VNX token, including its termination and the loss of the VNX token for the purchase.
Additionally, regulation of proposed activities of the Company, including without limitation the
provision of cryptocurrencies received during the offering to VNX Fund, is currently uncertain.
It is not known what regulatory framework the European Central Bank and national banking
supervisory bodies will impose on cryptocurrencies and the Company. It may occur
An acquisition of VNX tokens involves a high degree of risk. Each potential purchaser of VNX tokens
should carefully consider the following information about these risks before he decides to
buy VNX tokens. If any of the following risks actually occurs, the value of VNX tokens could be
materially adversely affected.
ing, blockchain technology based applications, which may be contrary to the smart contract of
VNX token and which may, inter alia, result in substantial modifi cations to our smart contract
and/or the VNX token, including its termination and the loss of the VNX token for the purchase.
Additionally, regulation of proposed activities of the Company, including without limitation the
provision of cryptocurrencies received during the offering to VNX Fund, is currently uncertain.
It is not known what regulatory framework the European Central Bank and national
Investors 80%
Team 15%
Bounty 3%
AirDrop 2%
Vaynix RoadMap
April -> Involvement of advisors and financing for token sale
June -> Accepted on major exchanges
July -> Release Android Wallet
Improve website
Bounty Campaign Stage 2
August-> improve browser wallet
Vaynix Exchange
Bounty Campaign Stage 3
September -> Release Desktop and Mac Wallets
Holders Airdrop
October -> Release IOS Wallet
Launch Vendors Platform
Prototype of vaynix ATM
November-> Improve android Wallet
Mass Adoption
Presentation of the first ATM
December-> Release Whitepaper V2
RoadMap Update
Annoucement of the first place of our ATM
In 2019 Everyone will be able to withdraw Vaynix in FIAT using our own ATM placed around the world