Disclaimer

Legal Policy and Regulatory Risks: Blockchain projects and virtual currency businesses are being or may be regulated by authorities in various different countries. The Noah development and operations team may from time to time receive inquiries, notices, warnings, orders or rulings from one or more of these authorities, and may even be ordered to suspend or terminate any public offering program, the development of Noah, or the marketing or promotion of Noah, or any other aspect of the Noah program, and as a result, may be materially affected, impeded or terminated. Noah may be defined as a virtual commodity, a digital asset or even a security or currency at any time in various countries, and may therefore be prohibited from being traded or held in certain countries in accordance with local regulatory requirements.

Risk of Uninsured Loss: Unlike bank accounts or accounts with other financial institutions, virtual assets stored in Noah's account or on the relevant blockchain network are generally not insured, and in the event of a loss, there will be no publicly available individual organization to cover your losses.

Risk of Asset Theft: There is a possibility that hackers or other organizations or countries may attempt to disrupt the Noah application or its functionality by any means, including, but not limited to, denial-of-service attacks, Sybil attacks, swim-ups, malware attacks, or uniformity attacks.

Systemic Risk: The risk of fatal flaws in open source software that are overlooked by third party websites or large scale failures in global network infrastructure. While some of these risks will be significantly mitigated over time, such as fixing vulnerabilities and breaking computational bottlenecks, others remain unpredictable, such as political or natural disasters that could lead to partial or global Internet outages.

Liquidity Risk: Noah is neither a currency issued by any person, entity, central bank or national, supranational or quasi-national organization, nor is it backed by any hard asset or other credit institution. The circulation and trading of the Noah in the market is not the primary purpose of the project. The Noah is traded solely on the basis of consensus of the relevant market participants as to its value. No one is obliged to guarantee the liquidity of the Noah in the market.

Price fluctuation risk: Virtual asset prices are generally highly volatile, and short-term prices are determined by market supply and demand, which may result in the price of a pass-through being undervalued for a long period of time, even though the pass-through itself has a good future. Noah's trading price involves the risk of Noah's traders.

This litepaper is for informational purposes only, and does not constitute advice or investment advice regarding the future purchase or sale of virtual assets, nor is it a contract or commitment of any kind. It is strictly prohibited for investors from illegal jurisdictions to purchase X/Y/NFTs, once investors participate in the private placement and sale, it means that they understand and accept the risks of the program and are willing to personally bear all the corresponding results and consequences, the platform explicitly states that it will not be liable for any direct or indirect losses caused by participation in the platform program. The virtual assets involved in this program do not represent the equity, debt, income or control of the platform project.