Disclaimer
Last Updated: 2025-04-30
The following disclaimer applies to CRI3 and all associated materials, including this whitepaper, website, and promotional content:
This document outlines the terms, conditions, and disclaimers related to the CRIB project. By acquiring a CRIB NFT or participating in the platform in any capacity, you confirm that you have read, understood, and agreed to these terms in full. If you do not agree with any part of this disclaimer, you should not access or engage with the CRIB platform.
1. Nature of the Project
CRIB is a decentralized, community-driven joint venture platform that facilitates active participation in real estate development projects using blockchain technology. The platform enables holders of CRIB NFTs to collaborate in project-related decision-making, marketing, and governance efforts.
CRIB NFTs do not constitute securities, equity interests, or investment contracts. They do not represent shares in an entity, claim to future profits, or passive ownership in any specific asset. Instead, they confer membership rights within a cooperative venture, where holders are expected to actively contribute to the success of the project in order to access certain rewards.
2. No Expectation of Profits or Passive Income
Owning a CRIB NFT does not entitle the holder to passive income, dividends, or guaranteed returns. All potential value derived from holding a CRIB NFT is contingent upon active participation in project operations, marketing, and governance. Rewards, if any, are distributed based on contribution and engagement as determined by the community’s governance framework.
All projections, forward-looking statements, or estimated project outcomes presented by CRIB are speculative and provided for informational purposes only. They are not promises or guarantees. Past project outcomes do not predict future results.
3. Governance and Participation Requirements
Holders of CRIB NFTs are expected to participate in community voting, project-related decisions, and marketing initiatives. The right to access the Reward Pool or other benefits is tied directly to demonstrated involvement and adherence to governance standards.
Participation is not optional for those seeking to access distributions or community-funded benefits. Individuals seeking a purely passive role are strongly discouraged from acquiring a CRIB NFT.
4. Reinvestment and Expansion Pool
Proceeds from successful projects may be allocated to a community-governed Reinvestment Reserve (“Expansion Pool”) rather than distributed. This reserve may fund future projects, platform enhancements, or strategic initiatives, as approved by community vote. Participation in these decisions is essential to influencing how these funds are allocated.
5. Intellectual Property and NFT Rights
Holders of CRIB NFTs are granted full commercial and personal use rights over the NFT artwork and metadata they own. This includes, but is not limited to, reproduction, display, branding, and merchandising, subject to any community-defined guidelines.
CRIB respects all intellectual property rights and expects participants to do the same. Any unauthorized use of platform materials, trademarks, or branding elements outside permitted use cases is strictly prohibited.
6. Legal, Tax, and Regulatory Considerations
CRIB is not registered with the U.S. Securities and Exchange Commission or any other regulatory body. The platform and its offerings are not intended to be securities under U.S. law or the laws of any jurisdiction. Participation does not involve the sale or purchase of a security, and the project is structured intentionally as a cooperative venture rather than a financial investment.
Participants are solely responsible for ensuring compliance with all laws applicable to them, including tax laws, securities regulations, and jurisdiction-specific requirements. CRIB does not provide tax, legal, or investment advice. You should consult your own advisors regarding your participation.
7. Risk Disclosures
Participation in CRIB involves various risks, including but not limited to:
Market volatility and fluctuations in real estate values
Changes in regulatory landscapes
Unforeseen construction or permitting issues
Failure of individual projects to reach completion or profitability
Technological risks related to blockchain and smart contracts
Liquidity risks related to the resale of NFTs
By participating, you acknowledge that you understand and accept these risks and that no guarantees are made regarding the performance or outcome of any project.
8. No Fiduciary Duty or Custodial Relationship
CRIB does not act as a fiduciary or custodian for any participant. All interactions are self-directed and based on personal discretion. No party involved in CRIB assumes responsibility for managing funds, private keys, or digital wallets on behalf of users.
9. No Investment Advice
Nothing provided by CRIB, including platform content, projections, communications, or community discussions, constitutes financial or investment advice. CRIB does not make recommendations regarding the acquisition, use, or holding of NFTs, cryptocurrencies, or property assets.
10. No Guarantees of Future Plans
All roadmaps, goals, or future development plans shared by CRIB are subject to change without notice. These communications are aspirational in nature and should not be relied upon as guaranteed outcomes.
11. Modifications and Updates
CRIB reserves the right to modify this disclaimer and related governance documents at any time, with changes effective upon publication. Continued use of the platform after changes constitutes acceptance of the revised terms.
12. Release of Liability
By participating in the CRIB platform, you agree to release and hold harmless CRIB, its contributors, developers, partners, and affiliates from any and all liability arising out of your participation. This includes, but is not limited to, losses due to project failure, market conditions, smart contract errors, or misinterpretation of project materials.
13. Jurisdiction and Dispute Resolution
This disclaimer and all related CRIB documents shall be governed by the laws of the jurisdiction in which CRIB is formed or operates. Disputes shall be resolved through community-led mediation and arbitration processes where applicable, and participants agree to waive any rights to class-action claims or jury trials.
For any questions regarding this disclaimer or your participation in CRIB, please contact us.
Acknowledgment
By participating in CRIB, you acknowledge that you have read and understood this disclaimer and accept the associated risks.