Disclaimer
This document is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, tokens, or other assets . The plans, projections, and strategies described herein represent our current intentions and best estimates, but they are subject to change as development progresses. No guarantees are made regarding the features or timelines outlined; all forward-looking statements (including roadmap milestones and future features) are subject to adjustment based on technical feasibility and market conditions.
Not Financial or Investment Advice
Participation in StupidMonkeys Realm Hero, whether through purchasing NFTs or $STOOPID tokens, should be seen as engagement with a gaming platform and not as an investment scheme. Nothing in this whitepaper should be construed as financial advice or a recommendation to purchase any token or asset . Cryptographic tokens can be volatile, and their value may go to zero. Only risk capital that you can afford to lose and always conduct your own research.
Regulatory Compliance
$STOOPID tokens are intended to be utility tokens for use within the game ecosystem. They are not intended to be securities or investment vehicles. However, the regulatory landscape for blockchain tokens is evolving, and there is a risk that regulatory authorities may view the tokens differently. We are committed to compliance with relevant laws and are operating under the guidance available at this time. Changes in laws or regulations or actions by regulatory authorities could adversely affect the project, including the potential need to modify token functionality or distribution.
No Guarantees on Gameplay or Assets
Owning a StupidMonkeys NFT or $STOOPID token does not guarantee any rights or returns. In-game asset values, including NFTs, are determined by game utility and player demand, which can fluctuate. While players truly own their NFT assets, the usefulness or utility of those assets in-game can change (for instance, due to game balancing updates or evolving gameplay). The team will strive to maintain and improve utility, but it’s possible that certain assets may depreciate in usefulness or value over time.
Development and Technology Risks
The project is under active development. There are inherent risks that the game or certain features may be delayed or not implemented as expected due to technical hurdles. Despite rigorous testing, software bugs or vulnerabilities may be present in the game or smart contracts. These could potentially be exploited, causing loss or disruption. We will make best efforts to audit and secure our code (as noted, smart contracts will be audited and continuously monitored), but no system is perfectly secure. By using the game and associated services, users acknowledge these risks.
Economic Risk
The in-game economy and token economy are complex systems. While designed for sustainability, unforeseen market dynamics or player behaviors could lead to imbalances or require adjustments (via governance or developers). Such adjustments might affect the earning potential or utility of the token or NFTs. Additionally, external market conditions (like a broad crypto market downturn) can impact token value irrespective of our platform’s success.
Player Conduct
The team is not liable for losses caused by user error or misconduct. This includes losing access to accounts (keep your credentials secure), transferring tokens to wrong addresses, or falling victim to scams/phishing targeting users. We strongly urge users to follow security best practices, never share private keys or seed phrases, and only rely on official channels for information.
Third-Party Platforms
Our project involves third-party platforms (e.g., blockchain networks, exchanges, partner services). Outages, failures, or policy changes on these external platforms (for example, if our chosen Layer-2 network has technical issues) can impact the game’s functionality. We will work to mitigate such issues (perhaps by having fallback options) but cannot guarantee third-party performance.
Future Changes and Governance
As outlined, the community via the DAO will have a role in governing the project. Decisions made through governance could alter the direction of the project. While we believe this is a strength, it also means changes might occur that not all participants agree with. By holding tokens or assets, you acknowledge that the project’s course may evolve and that you have an avenue to participate in (but not unilaterally control) those decisions.
Jurisdiction and Eligibility
It is the responsibility of each participant to ensure that their participation in the project (buying tokens, playing the game) is legal in their jurisdiction. Certain countries may have restrictions, and we may restrict access to certain regions in order to comply with laws (for example, U.S. persons may be restricted from certain token sales or features if necessary). By engaging with StupidMonkeys Realm Hero, you represent that you are in compliance with your local laws.
Limitation of Liability
FRD Labs Gaming Studio FZCO (the company behind FREDD Studios) and its affiliates, team members, and advisors shall not be liable for any direct or indirect damages or losses arising from the use of, or inability to use, the StupidMonkeys Realm Hero platform or associated tokens, even if we have been advised of the possibility of such damages. All services are provided “as is” and “as available” without warranty of any kind, either expressed or implied.
Acceptance of Risks
By participating in the StupidMonkeys Realm Hero ecosystem, you acknowledge that you have read and understood this Disclaimer and the risks herein. You agree to hold the team harmless for any outcomes and understand that your participation is entirely voluntary and at your own risk.
This whitepaper may be updated from time to time. We will notify the community via official channels when substantive changes are made. Always refer to the latest version of the document and the terms of service on our official website for the most current information.
Please remember that while we are very excited about StupidMonkeys Realm Hero and will work tirelessly to achieve the vision laid out, all participants should proceed with caution and awareness of the inherent uncertainties in any ambitious project in the blockchain and gaming space. Your support and understanding of these conditions help us build a strong, trust-based community. Thank you for joining us on this journey!
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