Issued by OWN Token Foundation · Cayman Islands
Document: OWN Risk Disclosure Statement — The principal risks of acquiring, holding, and using OWN — read before you proceed.
Version: 1.0
This Risk Disclosure Statement describes the principal risks of acquiring, holding, and using OWN, the BitLease Utility Token. It is provided so that you can make an informed decision. It should be read together with the OWN Token Terms & Conditions, the OWN Token Framework, and the other Governing Documents.
This is not an exhaustive list of every risk. Other risks, known or unknown, may exist now or arise in the future, and any of them could cause you to lose some or all of the value of your OWN. You should not acquire OWN unless you understand and can bear these risks. If anything here is unclear, seek independent professional advice before proceeding.
OWN is designed and intended to function as a utility token within the BitLease ecosystem and is not offered by the Issuer as an investment product. It is not intended to appreciate or to generate a return, and nothing published by BitLease is a promise or projection of profit, price, or performance. Its legal or regulatory classification may vary by jurisdiction and may change over time, and nothing in this Statement limits the application of mandatory law or the authority of a competent regulator. Any decision to acquire OWN should be based on your intended use of the platform, not on an expectation of financial gain.
The value of OWN may be highly volatile and may decline rapidly and without warning. The price at which you acquire OWN may be higher than any price at which you can later use, transfer, or dispose of it. You may lose the entire value of your OWN. You should only commit an amount you are fully prepared to lose.
The $10 initial platform offering price is a commercial distribution parameter for the initial distribution. It is not a guarantee, floor, peg, redemption value, or representation of secondary-market value. Any secondary-market price is set by the market, is outside BitLease's control, and may differ materially from the offering price.
There may be no active market for OWN. BitLease has no obligation to create, maintain, or support any exchange listing, market maker, trading venue, or liquidity. You may be unable to transfer or dispose of OWN when you wish, at an acceptable price, or at all.
OWN's value and usefulness derive from the utilities the active BitLease platform confers upon it. If the platform is interrupted, materially changed, restricted, or discontinued for commercial, legal, regulatory, technical, or other reasons, the utilities of OWN may be reduced, suspended, or lost, and the token may lose its usefulness and value. OWN has no functional utility outside the BitLease ecosystem. Unless expressly required by law or a separate Product Term, the Issuer is not obliged to redeem OWN, maintain any utility, or compensate holders solely because the platform or a utility is discontinued.
The utilities associated with OWN may be modified, reduced, suspended, capped, or withdrawn, and their commercial parameters (including fee rates, rebate percentages, discounts, and program terms) may be changed, prospectively, where required for legal, regulatory, compliance, risk, solvency, liquidity, treasury, partner, security, or operational reasons. A change may reduce the benefit you expected from holding OWN. No utility is guaranteed to operate continuously or indefinitely.
OWN confers no yield, interest, dividend, or revenue share from merely holding it. Any participation-based benefit is available only under a separate program's own terms, which define the required activity, eligibility, source of the benefit, lock-up, and risks. Such programs may themselves be changed, suspended, or ended; may not deliver the expected benefit; and carry their own risks. Participation in a program is not a guarantee of any return.
The Evergreen mechanism (the internal operational treasury that distributes and recycles OWN) is not a price-support program, a guaranteed buyer, or a commitment to repurchase OWN at any price, time, or volume. Its repurchase activity depends on platform activity, the return of Lease-to-Own installments, market liquidity, and treasury policy, and it may be paused, reduced, restructured, or wound down. Evergreen decisions may be made by BitLease or related parties with discretion over timing, volume, counterparties, and treasury priorities; these decisions may involve conflicts of interest and are not undertaken for the purpose of supporting the market price or liquidity of OWN. You should not acquire OWN in reliance on Evergreen supporting its price or providing liquidity.
If additional OWN may be minted or released from reserves, vesting allocations, treasury holdings, reward pools, or other sources, increases in circulating supply may reduce scarcity and may adversely affect the market price or the relative value of existing holdings. The applicable supply controls and any release schedules are described in the OWN Token Framework and the Token Technical Disclosure.
Any secondary market for OWN may be thin, fragmented, unregulated, or subject to manipulation, wash trading, spoofing, insider activity, or abrupt price movements. Displayed prices or trading volume may not reflect reliable or executable value. Where OWN is listed on a venue, it may later be delisted or restricted, which could further reduce liquidity or value.
BitLease may decide, in its discretion and subject to law and operational capability, whether to support a blockchain fork, airdrop, chain migration, or alternative network. You may not receive corresponding assets, benefits, or access arising from an event that BitLease does not support, and unsupported events may affect the usability or value of your OWN.
The legal and regulatory treatment of digital assets is evolving and varies by jurisdiction. OWN's classification may differ between jurisdictions and may change over time. Future laws, regulations, or enforcement actions could restrict or prohibit the acquisition, holding, use, transfer, or distribution of OWN; require changes to OWN or its utilities; or affect the BitLease platform. Such changes may reduce or eliminate OWN's utility or value, and may occur without notice.
OWN is separate from any Lease-to-Own contract and does not alter, secure, or guarantee any such contract. Your rights and obligations are governed by mandatory law, the applicable Product Terms, the OWN Token Terms & Conditions, and the other Governing Documents, in the order of precedence stated in the Terms, each of which may be amended prospectively. OWN confers no ownership, equity, voting, governance, or creditor right, and no claim over the assets or revenue of any BitLease entity.
OWN is a token on a public blockchain and is subject to the risks of that technology, including software bugs, smart-contract vulnerabilities, network congestion, forks, protocol changes, and failures or attacks on the underlying network. Errors in smart-contract code or in the token's implementation could result in loss, freezing, or misdirection of OWN. Blockchain transactions are generally irreversible; a transfer to a wrong or incompatible address may not be recoverable.
The token contract may include privileged administrative functions — which may include pausing, upgrading, minting, burning, blocklisting, recovery, or similar controls — as disclosed in the Token Technical Disclosure. Compromise, misuse, governance failure, or loss of access to administrative keys could adversely affect OWN or your ability to transfer or use it.
If you self-custody OWN, you are solely responsible for the security of your wallet, private keys, and recovery information; their loss, theft, or compromise may result in permanent, unrecoverable loss of your OWN. OWN held through the BitLease platform is subject to the platform's custody and asset-holding policy and to operational, cybersecurity, and access risks, including the risk of unauthorized access, service interruption, or security incident. Depending on the applicable custody structure and law, platform-held OWN may be subject to delay, dispute, shortfall, or insolvency proceedings if a custodian or service provider fails.
The acquisition, holding, and use of OWN depend on systems, service providers, custodians, and counterparties, any of which may fail, be interrupted, or default. Operational incidents, cybersecurity events, insolvency of a service provider, or failure of a payment or settlement process could affect your ability to acquire, hold, transfer, or use OWN. BitLease may also depend on a limited number of custodians, infrastructure or payment providers, liquidity sources, counterparties, or key personnel; concentration in any such provider or function may create a single point of failure and increase the impact of an outage, default, cyber incident, or disruption.
Access to OWN and its utilities is subject to KYC, AML, sanctions, and jurisdictional checks and to ongoing monitoring. Your access may be delayed, restricted, suspended, or terminated where required for compliance, legal, risk, or security reasons. A recipient of OWN may be unable to use platform utilities until completing the applicable checks.
Compliance and platform use may require the collection, verification, retention, and cross-border sharing of personal and transaction data. A data breach, unauthorized disclosure, inaccurate screening result, or service-provider failure may affect your privacy, your access, or your ability to use OWN. The handling of personal data is described in the BitLease Privacy Notice.
Where OWN is acquired using another digital asset such as a stablecoin, that asset carries its own risks, including the risk that it loses its intended value or peg, becomes illiquid, or fails. Conversion rates, network fees, and settlement timing may also affect the amount of OWN you receive.
The tax treatment of acquiring, holding, using, and disposing of OWN is uncertain and varies by jurisdiction. You are solely responsible for your tax obligations. BitLease gives no tax advice and makes no representation as to the tax treatment of OWN. You should consult your own tax adviser.
Nothing provided by BitLease constitutes financial, investment, legal, tax, or other advice, or a recommendation or solicitation to acquire, hold, or dispose of OWN. You are responsible for your own decisions and should obtain independent professional advice where appropriate.
This Statement becomes contractually acknowledged when you expressly accept it through the BitLease platform or access a utility that requires such acceptance; mere passive holding of OWN outside the platform does not, by itself, prove contractual acceptance. By accepting, you confirm that you have read and understood this Statement, that you understand OWN is a utility token and not an investment, that you may lose the entire value of your OWN, and that you accept the risks described here and others that may exist. If you do not accept these risks, you should not acquire, hold, or use OWN.