What Is SpokLottery (SPKL)?
Whilst SpokLottery team will make every effort to ensure that the funds received from the Token Sale are securely held at the receiving smart contract address(es) at which it received the Purchase Consideration (“Receiving Address(es)”) through the implementation of security measures, there is no assurance that there will be no theft of the cryptocurrencies as a result of hacks, mining attacks, sophisticated cyber-attacks, distributed denials of service or errors, vulnerabilities or defects on the smart contract(s), the Ethereum, Binance Smart Chain, or any other blockchain, or otherwise.
Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. In such event, even if the Token Distribution is completed, Issuer may not be able to receive the cryptocurrencies raised and may not be able to utilize such funds for the needs of capital recycling, and the launch of SpokLottery Issuer’s project, might be temporarily or permanently curtailed.
As such, the issued Tokens may hold little worth or value, and this would impact its trading price. The Tokens are uninsured, unless you specifically obtain private insurance to insure them. In the event of any loss or loss of value, you may have no recourse.
SpokLottery Storage Key Points
|Circulating Supply||134,369,804.00 SPKL|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Transfer its servers
The SpokLottery team’s infrastructure network will be in part established through servers that which it owns and houses at the location facilities of third parties, and servers that it rents at data center facilities of third parties. If Ecosystem team is unable to renew its data facility lease on commercially reasonable terms or at all Ecosystem team may be required to transfer its servers to a new data center facility, and may incur significant costs and possible service interruption in connection with the relocation.
These facilities are also vulnerable to damage or interruption from, among others, natural disasters, arson, terrorist attacks, power losses, and telecommunication failures. Additionally, the third party providers of such facilities may suffer a breach of security as a result of third party action, employee error, malfeasance or otherwise, and a third party may obtain unauthorized access to the data in such servers.
As techniques used to obtain unauthorized access to, or to sabotage systems change frequently and generally are not recognized until launched against a target, The SpokLottery Ecosystem team and the providers of such facilities may be unable to anticipate these techniques or to implement adequate preventive measures. Any such security breaches or damages occurred which impact upon The Ecosystem team’s infrastructure network and/or Ecosystem may adversely impact the price of the Tokens.
Own-cycle economic environment
The SpokLottery team could be affected by general global economic and market conditions. Challenging economic conditions worldwide have from time to time, contributed, and may continue to contribute, to slowdowns in the information technology industry at large. Weakness in the economy could have a negative effect on The Ecosystem team’s business, operations and financial condition, including decreases in revenue and operating cash flows.
Additionally, in a down-cycle economic environment, SpokLottery may experience the negative effects of increased competitive pricing pressure and a slowdown in commerce and usage of Ecosystem. Suppliers on which The Ecosystem team relies for servers, bandwidth, location and other services could also be negatively impacted by economic conditions that, in turn, could have a negative impact on The Ecosystem team’s operations or expenses.
There can be no assurance, therefore, that current economic conditions or worsening economic conditions or a prolonged or recurring recession will not have a significant adverse impact on the Ecosystem team’s business, financial condition and results of operations and hence Ecosystem, which would correspondingly impact the trading price of the Tokens.
Purchasers may lack information for monitoring their investment
Purchasers may not be able to obtain all information it would want regarding SpokLottery Ecosystem team on a timely basis or at all. It is possible that Purchasers may not be aware on a timely basis of material adverse changes that have occurred. While Ecosystem team has made efforts to use open-source development for Tokens, this information may be highly technical by nature. As a result of these difficulties, as well as other uncertainties, Purchasers may not have accurate or accessible information about Ecosystem.
Cryptographic tokens such as the Tokens are a relatively new and dynamic technology. SpokLottery addition to the risks included in this section, there are other risks associated with the purchase, holding and use of the Tokens, including those that The Ecosystem team cannot anticipate. Such risks may further materialize as unanticipated variations or combinations of the risks discussed in this section.