Financial risks
The SPRD token is used as an exchange tool between all members of the Spreadd platform to pay for all the utilities. It does not provide the right to vote or the right to property in Spreadd Inc. The platform does not translate SPRD tokens into fiat currencies and is not responsible for the fluctuation of the SPRD token if it is listed on third-party exchanges. If any jurisdiction implements a law with adverse effects on the crypto industry, translation of tokens to fiat currency could become difficult or impossible. When tokens are exchanged to fiat, the relevant services could charge a commission and the government of the relevant jurisdiction could mandate payment of taxes. If new laws are enacted in any of the world's jurisdictions, there is a risk that contributors be obliged to pay taxes or additional charges against any funds contributed in Spreadd.
After contributing in the token sale and before the launch of the project, contributors could lack the ability to use tokens in any way or sell them. Contributions in companies, cryptocurrency and various token sales are considered high-risk. Contributions in Spreadd do not guarantee income. There is a risk of incurring serious losses.
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