DIGILYO APP LTD intends to operate in full compliance with applicable laws and regulations and use its best endeavors to obtain the necessary licenses and approvals. Regulatory licenses and/or approvals are likely to be required in a number of relevant jurisdictions in which relevant activities may take place. This means that the development and roll-out of all the initiatives described in this whitepaper are not guaranteed. It is not possible to guarantee, and no person makes any representations, warranties or assurances, that any such licenses or approvals will be obtained within a particular timeframe or at all. As such, the initiatives described in this white paper may not be available in certain jurisdictions, or at all. This could require restructuring of these initiatives and/or their unavailability in all or certain respects. In addition, the development of any initiatives is intended to be implemented in stages. During certain stages of development, the project may rely on relationships with certain licensed third-party entities. If these entities are no longer properly licensed in the relevant jurisdiction, this will impact the ability of the project to rely on the services of that party. No representations or warranties have been made to the recipient of this white paper or its advisers as to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this white paper or any omission from this document or of any other written or oral information or opinions provided now or in the future to any interested party or their advisers. The LYOCREDIT tokens, as envisaged in this white paper, are under development and are being constantly updated, including but not limited to key governance and technical features. If and when the LYOCREDIT tokens are completed, they may differ significantly from the description set out in this white paper. No representation or warranty is given as to the achievement or reasonableness of any plans, future projections or prospects and nothing in this document is or should be relied upon as a promise or representation as to the future. To the fullest extent possible, all liability for any loss or damage of whatsoever kind (whether foreseeable or not and whether or not www.LYOCREDIT.io has been advised of the possibility of such loss or damage) which may arise from any person acting on any information and opinions contained in this white paper or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default or lack of care, is disclaimed.Third-party dataThis white paper contains data and references obtained from third-party sources. Whilst the management believes that these data are accurate and reliable, they have not been subject to independent audit, verification, or analysis by any professional legal, accounting, engineering, or financial advisors. There is no assurance as to the accuracy, reliability, or completeness of the data. Translations This white paper and related materials are issued in English. Any translation is for reference purposes only and is not certified by any person. No assurance can be made as to the accuracy and completeness of any translations. If there is any inconsistency between a translation and the English version of this white paper, the English version shall prevail. Restricted transmission This white paper must not be taken or transmitted to any jurisdiction where distribution or dissemination of this white paper is prohibited or restricted. Views of www.lyopay.com and www.LYOCREDIT.com The views and opinions expressed in this white paper are those of www.lyopay.com and do not reflect the official policy or position of any government, authority or public body (including but not limited to any regulatory body) in any jurisdiction. This white paper has not been reviewed by any regulatory authority.Third-party referencesReferences in this white paper to specific companies, networks and/or potential use cases are for illustrative purposes only. The use of any company and/or platform names and trademarks does not imply any affiliation with, or recommendation, or endorsement of/by, any of those parties. All references to USD, or ‘$’ are references to the United States Dollars unless otherwise stated. All references to ‘euro’, EUR or ‘€’ are references to the Euro unless otherwise stated.
All graphics included in this white paper are for illustrative purposes only. In particular, graphics with price references do not translate into actual pricing information.
This whitepaper does not constitute any investment advice, financial advice, trading advice or recommendation by lyopay.com, its affiliates, or its respective officers, directors, managers, employees, agents, advisors or consultants on the merits of purchasing LYO Credit tokens nor should it be relied upon in connection with any other contract or purchasing decision.
Not a Sale of Security
This whitepaper does not constitute a prospectus or financial service offering document and is not an offer to sell or solicitation of an offer to buy any security, investment products, regulated products or financial instruments in any jurisdiction. LYO Credit tokens are not being structured or sold as securities in lyopay.com. Owners of LYO Credit tokens are not entitled to any rights in lyopay.com or any of its affiliates, including any equity, shares, units, royalties to capital, profit, returns or income in lyopay.com or any other company or intellectual property associated with lyopay.com
Purchasing LYO Credit tokens involves substantial risk and may lead to a loss of a substantial or entire amount of the money involved. Prior to purchasing LYO Credit tokens, you should carefully assess and take into account the risks, including those listed in any other documentation. A purchaser should not purchase LYO Credit tokens for speculative or investment purposes. Purchasers should only purchase LYO Credit tokens if they fully understand the nature of the LYOCREDIT tokens and accept the risks inherent to the LYOCREDIT tokens. Cryptographic tokens may be subject to expropriation and/or theft; hackers or other malicious groups or organizations may attempt to interfere with our system/network in various ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing which may result in the loss of your cryptographic tokens or the loss of your ability to access or control your cryptographic tokens. In such event, there may be no remedy, and holders of cryptographic tokens are not guaranteed any remedy, refund, or compensation. The regulatory status of cryptographic tokens and digital assets is currently unsettled, varies among jurisdictions and is subject to significant uncertainty. It is possible that in the future, certain laws, regulations, policies or rules relating to cryptographic tokens, digital assets, blockchain technology, or blockchain applications may be implemented which may directly or indirectly affect or restrict cryptographic token holders’ right to acquire, own, hold, sell, convert, trade, or use cryptographic tokens. The uncertainty in tax legislation relating to cryptographic tokens and digital assets may expose cryptographic token holders to tax consequences associated with the use or trading of cryptographic token. Digital assets and related products and services carry significant risks. Potential purchasers should take into account all of the above and assess the nature of, and their own appetite for, relevant risks independently and consult their advisers before making any decisions. Professional advice: you should consult a lawyer, accountant, tax professional and/or any other professional advisors as necessary prior to determining whether to purchase LYO Credit tokens.
Caution Regarding Forward-Looking Statements
This white paper contains certain forward-looking statements regarding the business we operate that are based on the belief as well as certain assumptions made by and information available to www.lyopay.com www.lyocredit.io Forward-looking statements, by their nature, are subject to significant risks and uncertainties. Forward-looking statements may involve estimates and assumptions and are subject to risks, uncertainties and other factors beyond our control and prediction. Accordingly, these factors could cause actual results or outcomes that differ materially from those expressed in the forward-looking statements. Any forward-looking statement speaks only as of the date of which such statement is made, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events
Licences and approvals are not assured in all jurisdictions
LYOPAY Group (“LYOPAY”) intends to operate in full compliance with applicable laws and regulations and use its best endeavours to obtain the necessary licences and approvals. Regulatory licences and/or approvals are likely to be required in a number of relevant jurisdictions in which relevant activities may take place. This means that the development and roll-out of all the initiatives described in this whitepaper are not guaranteed. It is not possible to guarantee, and no person makes any representations, warranties or assurances, that any such licences or approvals will be obtained within a particular timeframe or at all. As such, the initiatives described in this whitepaper may not be available in certain jurisdictions, or at all. This could require restructuring of these initiatives and/or its unavailability in all or certain respects. In addition, the development of any initiatives is intended to be implemented in stages. During certain stages of development, the project may rely on relationships with certain licensed third party entities. If these entities are no longer properly licensed in the relevant jurisdiction, this will impact the ability of LYOPAY to rely on the services of that party.
This document is a vision document and should not be considered a specification. It is not promotional material, reflecting the fact of issuance of securities and calling for investment in the sense in which it understands the law on securities. LYO Credit token does not give its holders ownership of a part of any segment of the public or private market. The main purpose of the LYO Credit token's existence is its use in the LYOPAY ecosystem. The sole purpose of this document is to present the LYOPAY project to potential holders of tokens in such a way that they can make reasonable and informed decisions regarding the purchase of LYO Credit tokens. This document describes in detail the management of the LYOPAY project, its importance to society based on our believes, its functionality and distributed within the token sale campaign. No advice Just like any blockchain technology, acquisition of LYO Credit 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 making a decision to purchase any Tokens. No offer of securities LYOPAY, DIGILYO APP LTD and “LYO Credit” (as described in this white paper) is not intended to constitute securities in any jurisdiction. This white paper 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 LYO Credit 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 LYOPAY. Despite the fact that the organizers believe the forward-looking statements are reasonable and implementable, LYOPAY 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. LYOPAY will do everything in their power to fulfill predictions listed in the roadmap in good faith to the best of their ability.
This white paper 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 white paper, the English version prevails. Unless otherwise stated, all references to “$” and “dollars” in this white paper pertain to United States dollars. Unless otherwise stated, all references to “€” and “euro” in this white paper pertain to European Euro. This white paper has not been reviewed by any regulatory authority in any jurisdiction.
The risk of losing access to LYO Credit tokens in case of loss of private keys. A private key or a combination of private keys is required to manage LYO Credit tokens stored in your digital wallet. The loss of private keys connected to your digital wallet automatically leads to the loss of access to LYO Credit tokens. In addition, if any third party gains access to your private keys or data to enter your wallet, access to your LYO Credit tokens can also be lost. Any technical issues related to the wallet on which you store LYO Credit tokens, including your own wrong wallet maintenance actions, can also lead to the loss of LYO Credit tokens. We strongly suggest you take every safety measure available to you in order to protect your wallet, your private keys and your LYO Credit tokens. No LYO Credit tokens will be re-issued in case of the loss or a theft.
Use Risk Since LYO Credit tokens and the entire LYOPAY ecosystem are based on the Binance Smart Chain protocol, any possible failure of the BNB protocol can adversely affect the ecosystem of LYOPAY and LYO Credit 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 LYO Credit tokens and the LYOPAY ecosystem, including token functionality and value. Risk of mining attacks LYO Credit tokens are at risk of miner attacks during the confirmation of token transactions in the BNB blockchain, including the risk of double-spending attacks, MMP attacks, and self-mining mining attacks. Any successful attack of this type puts the entire LYOPAY ecosystem at risk. Risk of crack and Security Protocol Vulnerability Hackers and other organized crime groups may try to hack the LYOPAY ecosystem and assign LYO Credit tokens to themselves in various ways. The risk associated with unpredictable actions of regulators and law enforcement agencies Due to the imperfection of the legal framework, the legal status of LYO Credit tokens and blockchain technologies is not clear in some jurisdictions. It is impossible to predict any law enforcement actions regarding the operation of the LYOPAY ecosystem and the handling of LYO Credit 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 LYO Credit tokens. This may include, for instance, an updated requirement by a certain jurisdiction to have LYOPAY conduct a compulsory KYC/ AML procedure, where it was not previously required, in order to finalize the transaction. Taxation Risk The tax component of the acquisition of LYO Credit tokens is not clearly defined. Your purchase of LYO Credit tokens can lead to adverse tax consequences, including income tax or other types of tax. Risk associated with the development and maintenance of the LYOPAY ecosystem LYOPAY 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.