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Please read this page. If you reach this page it is assumed that you, the visitor, has read and complies by the legal disclaimer set forth at the beginning of this gitbook.
General Disclaimer:
Nothing in this gitbook or whitepaper is an offer to sell, or the solicitation of an offer to buy, any tokens, runes, ordinals or securities of any kind.
Torram has published an early version of a whitepaper and this gitbook solely to receive feedback and comments from the public, community, developers, and others interested in the infrastructure that Torram is building.
If and when Torram offers for sale any utility tokens, runes, or ordinals (or a Simple Agreement for Future Tokens), it will do so through definitive offering documents, including a disclosure document and risk factors compliant with all regulatory rules/laws associated with governing nations and associated regulatory bodies of said nations.
Those definitive documents also are expected to include an updated version of this White Paper, which may differ significantly from the current version.
If or when Torram makes such an offering in the United States, the offering likely will be available solely to accredited investors, bitcoin mining companies, or other infrastructure partners and strategic investors that can assist in securing the node network.
Nothing in this gitbook or whitepaper should be treated or read as a guarantee or promise of how Torrams business or the tokens will develop or of the utility or value of the tokens.
This outlines current plans, which are subject to change at Torram's discretion, and the success of which will depend on many factors outside Torrams control, including market-based factors, feasibility, development costs, and factors within the data and cryptocurrency industries, among others. Any statements about future events are based solely on Torrams analysis of the issues described in this gitbook and whitepaper, and the Torram founding team has sole rights to change development plans as they see fit based on the variety of factors mention herein.
Token Disclaimer:
Any possible or potential future Rune is not intended to be an investment. It is not designed to increase in value and should not be considered a financial asset. The primary purpose of any Rune is to provide utility within the XYZ network, enabling users to access and utilize various features and services offered by the platform as core infrastructure and tooling for bitcoin native applications and developers.
We strongly advise potential users to understand that any value is solely derived from its utility within the network. There are no guarantees or expectations of profit, return, or appreciation in value and that is not the core purpose of Torram. Any token or Run is not a security, commodity, or any other kind of financial instrument and ONLY intended to provide utility within the indexer, oracle, and api infrastucture used to secure the network, and participate in dapp development on bitcoin.
By participating in the Torram network and using the any potential Rune or future token, you acknowledge and accept the inherent risks associated with the Bitcoin blockchain technology. We encourage users to conduct thorough research and consult with legal, financial, and tax professionals before engaging with the Rune token or any related services.
To comply with global law, Bitcoin has NEVER been deemed a security by any nation, and thus, any fractional piece of bitcoin including the smallest increments of satoshis "SATS" are hereby not classified as a security by the SEC, U.S. Regulatory bodies, or other international bodies.
This disclaimer serves to clarify that the any future or potential Rune, Bitcoin inscription, or token mechanism is exclusively a utility token designed to support the functionality and operations of the Torram network.
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