Riot Racers Whitepaper
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Play to Earn
DRIVERS
Ownable Game Assets
Version April 18 2022
Disclaimers
IMPORTANT NOTICE PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED "DISCLAIMER OF LIABILITY", "NO REPRESENTATIONS AND WARRANTIES", "REPRESENTATIONS AND WARRANTIES BY YOU", "CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS", "MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS", "NO ADVICE", "NO FURTHER INFORMATION OR UPDATE", "RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION", "NO OFFER OF SECURITIES OR REGISTRATION" AND "RISKS AND UNCERTAINTIES" CAREFULLY.
IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S).
The RIOT tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by Riot Racers to purchase any RIOT tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision.
No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted.
No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section and the following sections entitled "Disclaimer of Liability", "No Representations and Warranties", "Representations and Warranties By You", "Cautionary Note On Forward-Looking Statements", "Market and Industry Information and No Consent of Other Persons", "Terms Used", "No Advice", "No Further Information or Update", "Restrictions On Distribution and Dissemination", "No Offer of Securities Or Registration" and "Risks and Uncertainties".
A. DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, Riot Racers shall not be liable for any 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, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you.
B. NO REPRESENTATIONS AND WARRANTIES
Riot Racers does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper.
C. REPRESENTATIONS AND WARRANTIES BY YOU
By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to Riot Racers as follows:
(a) you agree and acknowledge that the RIOT tokens do not constitute securities in any form in any jurisdiction;
(b) you agree and acknowledge that this Whitepaper 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 and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper;
(c) you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
(d) you agree and acknowledge that this Whitepaper or future trading of the RIOT tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the Riot Racers , the RIOT tokens (each as referred to in this Whitepaper);
(e) the distribution or dissemination of this Whitepaper, 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 Riot Racers ;
(f) you agree and acknowledge that in the case where you wish to purchase any RIOT tokens, the RIOT tokens are not to be construed, interpreted, classified or treated as:
(i) any kind of currency other than cryptocurrency;
(ii) debentures, stocks or shares issued by any person or entity (whether Riot Racers )
(iii) rights, options or derivatives in respect of such debentures, stocks or shares;
(iv) 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;
(v) units in a collective investment scheme;
(vi) units in a business trust;
(vii) derivatives of units in a business trust; or
(viii) any other security or class of securities.
(g) 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;
(h) you agree and acknowledge that Riot Racers is not liable for any 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, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you; and
(i) all of the above representations and warranties are true, complete, accurate and nonmisleading from the time of your access to and/or acceptance of possession this Whitepaper or such part thereof (as the case may be).
D. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by Riot Racers or their respective directors, executive officers or employees acting on behalf of Riot Racers (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 Riot Racers’s financial position, business strategies, plans and prospects and the future prospects of the industry which Riot Racers is in are forward-looking statements. These forward-looking statements, including but not limited to statements as to Riot Racers’s revenue and profitability, prospects, future plans, other expected industry trends and other matters discussed in this Whitepaper regarding Riot Racers are matters that are not historic facts, but only predictions.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results, performance or achievements of Riot Racers 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:
(a) changes in political, social, economic and stock or cryptocurrency market conditions, and the regulatory environment in the countries in which Riot Racers conducts its respective businesses and operations;
(b) the risk that Riot Racers may be unable or execute or implement their respective business strategies and future plans;
(c) changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;
(d) changes in the anticipated growth strategies and expected internal growth of Riot Racers;
(e) changes in the availability and fees payable to Riot Racers in connection with their respective businesses and operations;
(f) changes in the availability and salaries of employees who are required by Riot Racers to operate their respective businesses and operations;
(g) changes in preferences of customers of Riot Racers;
(h) changes in competitive conditions under which Riot Racers operate, and the ability of Riot Racers to compete under such conditions;
(i) changes in the future capital needs of Riot Racers and the availability of financing and capital to fund such needs;
(j) war or acts of international or domestic terrorism;
(k) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of Riot Racers;
(l) other factors beyond the control of Riot Racers; and
(m) any risk and uncertainties associated with Riot Racers and their businesses and operations, the RIOT tokens (each as referred to in the Whitepaper).
All forward-looking statements made by or attributable to Riot Racers or persons acting on behalf of Riot Racers 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 Riot Racers to be materially different from that expected, expressed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper.
Neither Riot Racers, nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of Riot Racers will be as discussed in those forward-looking statements. The actual results, performance or achievements of Riot Racers may differ materially from those anticipated in these forward looking statements.
Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of Riot Racers. Further, Riot Racers disclaim 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.
E. MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS
This Whitepaper includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information.
Save for Riot Racers, their respective directors, executive officers and employees, no person has provided his or her consent to the inclusion of his or her name and/or other information attributed or perceived to be attributed to such person in connection therewith in this Whitepaper and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same.
While Riot Racers have taken reasonable actions to ensure that the information is extracted accurately and in its proper context, Riot Racers have not conducted any independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither Riot Racers, nor their respective directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy or completeness of such information and shall not be obliged to provide any updates on the same.
F. TERMS USED
To facilitate a better understanding of the businesses and operations of Riot Racers, certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this Whitepaper. These descriptions and assigned meanings should not be treated as being definitive of their meanings and may not correspond to standard industry meanings or usage.
Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations.
G. NO ADVICE No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding Riot Racers, the RIOT tokens (each as referred to in the Whitepaper). You should consult your own legal, financial, tax or other professional adviser regarding Riot Racers and their respective businesses and operations, the RIOT tokens (each as referred to in the Whitepaper). You should be aware that you may be required to bear the financial risk of any purchase of RIOT tokens for an indefinite period of time. Riot Racers reserves the right to make changes to the game, payouts, and structure of the game at any point, if any aspect is negatively impacting the game or the players.
H. NO FURTHER INFORMATION OR UPDATE
No person has been or is authorized to give any information or representation not contained in this Whitepaper in connection with Riot Racers and their respective businesses and operations, the RIOT tokens (each as referred to in the Whitepaper) and, if given, such information or representation must not be relied upon as having been authorized by or on behalf of Riot Racers.
I. RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION
The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to Riot Racers.
Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur.
J. NO OFFER OF SECURITIES OR REGISTRATION
This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper.
No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with.
K. RISKS AND UNCERTAINTIES
Prospective purchasers of RIOT tokens (as referred to in this Whitepaper) should carefully consider and evaluate all risks and uncertainties associated with Riot Racers and their respective businesses and operations, the RIOT tokens (each as referred to in the Whitepaper), all information set out in this Whitepaper and the Terms prior to any purchase of RIOT tokens. If any of such risks and uncertainties develops into actual events, the business, financial condition, results of operations and prospects of Riot Racers could be materially and adversely affected. In such cases, you may lose all or part of the value of the RIOT tokens.
L. GAME ASSETS ARE SOLELY INTENDED TO FACILITATE GAME PLAY AND ARE IN NO WAY INTENDED FOR INVESTMENT OR INCOME GENERATING PURPOSES
All game assets, including but not limited to cars, gas stations, billboard lands, racetracks and mechanics shops, or any other non-fungible token associated with Riot Racers or connected to the play of the game are solely intended to facilitate game play and are in no way intended for investment or income generating purposes. The game assets do not necessarily have any intrinsic value outside of the play of the game. Riot Racers makes no promise or guarantee that the game assets will hold any particular economic value or any value whatsoever outside of the play of the game. All game assets should be treated as nothing more than a collectible that allows you to participate in the play of the game. Riot Racers has no control over the secondary market for game assets and the market for the assets, if any, may be illiquid. You are solely responsible for any tax liability which may arise from the rewards or from reselling your game assets.
Last modified 6mo ago
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