Common use of Lack of Interest Clause in Contracts

Lack of Interest. Even if Diamante Net is launched, the ongoing success of Diamante Net relies on the interest and engagement of users. There can be no assurance or guarantee that there will be sufficient interest or participation in Diamante Net. Uncertain regulatory framework. The regulatory status of cryptographic tokens/coins, digital assets, and distributed ledger technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations, and/or rules that will affect cryptographic tokens/coins, digital assets, distributed ledger technology, and its applications. Such changes could negatively impact the Tokens/coins in various ways, including, for example, through a determination that the DIAM Tokens/coins are regulated financial instruments that require registration. Company may cease the distribution of Tokens/coins in the event that governmental actions make it unlawful or commercially undesirable to continue to do so. Risks of consensus mechanism (Federated Byzantine Agreement). The Federated Byzantine Agreement to reach consensus on Diamante Net may be subject to certain unique risks, such as malicious unilateral actions by nodes. In this scenario, the malicious unilateral actions that may be possible include doublespending, forking, stopping & rejecting transactions, and preventing new transactions from being confirmed on Diamante Net. This could adversely impact the value and use of DIAM Tokens/coins.

Appears in 14 contracts

Samples: Node Purchase Agreement, Node Purchase Agreement, GMBH Diam Purchase Agreement

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