The service tokens and NFTs (non-fungible tokens), hereinafter crypto-assets, described in this document may be very high risk and could lose all their value or liquidity or not be redeemable for the described service, in case the Saesen project fails or is interrupted. The tokens and NFTs that may be acquired will not be held by entities legally authorized to provide investment services and the registration technology planned to be used (blockchain) is novel and may entail significant risks.

The issuer of the crypto-assets is solely responsible for the content of this token issuance white paper. This has not been reviewed or approved by any competent authority of any Member State of the European Union.

Risks

A token carries various implicit risks. Below we will mention some of them, although others may exist. These risks may result in the complete loss of the tokens or their value. The holder of the token and NFTs (non-fungible tokens) assumes and fully understands all the risks involved in a token. Under no circumstances, if the token loses value or anything else occurs, will the Token Issuer compensate the token holder in any way.

High-risk investment product

1. The value of investments and the return obtained from them may experience significant upward and downward variations, with the possibility of losing the entire amount invested.
2. Investments in early-stage projects involve a high level of risk, so it is necessary to adequately understand their business model.
3. Crypto-assets within the scope of Circular 1/2022, of January 10, of the National Securities Market Commission, regarding advertising on crypto-assets presented as investment objects are not covered by customer protection mechanisms such as the Deposit Guarantee Fund or the Investor Guarantee Fund.
4. The prices of crypto-assets are established in the absence of mechanisms that ensure their correct formation, such as those present in regulated securities markets.
5. Many crypto-assets may lack the necessary liquidity to unwind an investment without suffering significant losses, given that their circulation among investors, both retail and professional, may be very limited.

Technology-specific risks

1. Distributed ledger technologies are still in an early stage of maturity, with many of these networks having been recently created, so they may not be sufficiently tested and there may be significant flaws in their operation and security.
2. Incompatible wallet services risk: The digital wallet service provider or digital wallet used to receive tokens must comply with the ERC-20 token standard to be technically compatible with such tokens. Failure to ensure such compliance may result in the subscriber losing access to their tokens.
3. The recording of transactions in networks based on distributed ledger technologies works through consensus protocols that may be susceptible to attacks attempting to modify said record and, if these attacks are successful, there would be no alternative record to support such transactions or the corresponding balances to public keys, potentially resulting in the total loss of crypto-assets.
4. The anonymity facilities that crypto-assets may provide make them a target for cybercriminals, as in the case of stolen credentials or private keys they can transfer the crypto-assets to addresses that hinder or prevent their recovery.
5. The custody of crypto-assets implies a very relevant responsibility since they can be completely lost in case of theft or loss of private keys. However, the company does not custody crypto-assets on behalf of its clients and it will be the clients who custody the crypto-assets at their own risk, either through a wallet of their ownership or through a third-party service, which in no case will be related to the company.

Legal risks

The acceptance of crypto-assets as a means of exchange is still very limited and there is no legal obligation to accept them.

Risks associated with the offering and trading

1. Liquidity risk: There is a possibility that the token and NFTs in question may not be included in any secondary market or that there may be a lack of liquidity in OTC (over the counter) markets. The company is not responsible for fluctuations that the token in question may suffer in any type of market or that such types of markets allow the token to be listed, which may entail liquidity risks.
2. Even if the token is listed on a third-party platform, such platforms may not have sufficient liquidity or may face regulatory or compliance risks, and are therefore susceptible to failure, collapse or manipulation.

Risks associated with project execution and/or the Issuer

1. Forward-looking information risk: Certain information contained in the company's Whitepaper is forward-looking, including financial projections and business growth projections. This forward-looking information is based on what the Issuer's management believes to be reasonable assumptions, and there can be no assurance that the results will be real. Future events could differ materially from those anticipated.
2. Regulatory risk: Blockchain technology enables new forms of interaction and it is possible that certain jurisdictions may apply existing regulations or introduce new regulations addressing blockchain-based applications, which may be contrary to the current configuration of smart contracts and which may, among other things, result in substantial modifications to them, including their termination and the loss of tokens for the subscriber.
3. Project failure or abandonment risk: The development of the project proposed by the Issuer in this document may be prevented and ceased for various reasons, including lack of market interest, lack of funding, lack of commercial success or prospects (for example, caused by competing projects). This token issuance does not guarantee that the objectives set out in this document will be fully or partially developed.
4. Competing companies risk: It is possible that other companies could provide services similar to those of the company. The company could compete with these other companies, which could negatively impact the services provided by it.

Risks associated with tokens and NFTs and the technology used

Competing companies risk: It is possible that other companies could provide services similar to those of the company. The company could compete with these other companies, which could negatively impact the services provided by it.