13. Risk Disclosures
13.1 General Investment Risks
Not an investment solicitation: This whitepaper is not investment advice. The VIBER token is a utility instrument, not a security, and it does not provide guaranteed returns, dividends, or profit-sharing.
Volatility: The crypto market is highly volatile. The price of the VIBER token may fluctuate significantly depending on market conditions, regulatory changes, and the platform adoption rate.
Regulatory uncertainty: Blockchain regulation evolves rapidly. Changes in policy by Korea’s Financial Services Commission, international securities laws, or requirements for virtual asset service providers may affect VIBER utility or platform operations.
Possibility of principal loss: You may lose all or part of the amount paid to purchase tokens. You should not invest more than you can afford to lose.
13.2 Technical Risks
Smart contract vulnerabilities: Even after completing audits, smart contracts may contain undiscovered bugs. Fund losses may occur due to code vulnerabilities.
Network risk: Temporary service interruptions may occur due to congestion, outages, or upgrades on the Solana network. Network-level issues are outside Viber’s control.
Limits of ZK privacy: ZK-SNARK provides strong privacy, but some information may be inferred through metadata analysis (transaction timing, patterns). Complete anonymity is not guaranteed.
Private key management: Users bear full responsibility for their wallet private keys. Viber is not responsible for losses due to key loss or theft.
13.3 Business Execution Risks
Content dependency: Platform value depends heavily on the quality and quantity of secured content. Failure to secure content, or delays/cancellations of production projects, may negatively affect platform utility.
Success uncertainty: Box office performance for films/dramas is difficult to predict. Poor performance of production projects may reduce buyback funding sources.
Competition: Existing entertainment platforms may launch similar blockchain features, or large players may build their own solutions.
Adoption uncertainty: Public acceptance of blockchain-based entertainment platforms is unproven. UX issues or a learning curve may limit growth.
Team risk: Departure of key personnel, internal conflicts, or management failure may negatively affect project progress.
13.4 Specific Disclaimers
No price guarantee: Viber provides no guarantees regarding the price of the VIBER token. The company does not engage in price manipulation or market making beyond the scope of normal trading agreements.
No buyback guarantee: Buyback & Burn is executed at the treasury’s discretion. Even if revenue is generated, platform development may be prioritized over buybacks depending on business needs. Executing buybacks is not a contractual obligation.
No profit distribution: Holding the VIBER token does not grant any right to company revenue. Token holders are not shareholders and have no rights to dividends, profit distribution, or residual asset distribution upon liquidation.
Roadmap subject to change: The roadmap, features, and partnerships described in this whitepaper are plans and may change. Plans may be modified, delayed, or canceled due to market conditions, technical constraints, or business judgment.
Third-party dependency: The platform depends on third-party infrastructure such as the Solana network, exchanges, and payment services. Service interruptions, policy changes, or failures of such services are outside Viber’s control.
13.5 Jurisdiction Limitations
Geographic restrictions: The VIBER token is not offered to residents of jurisdictions where token sales are prohibited. Buyers are responsible for confirming whether token purchases are legal in their jurisdiction.
Response to regulatory changes: Depending on changes in the regulatory environment, services may be restricted or discontinued in certain regions.
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