Legal Disclaimer

Effective Date: 11-10-2024

Classification of Shiba San (SHIBADOG) Tokens

This legal notice serves to provide a clear and formal statement regarding the classification of Shiba San (SHIBADOG) tokens as a non-security offering. It is crucial for all concerned parties to fully understand the nature and categorization of SHIBADOG tokens as outlined in this notice.

General Disclaimer

SHIBADOG is a memecoin with no intrinsic value or expectation of financial return. There is no formal team, whitepaper, or roadmap. SHIBADOG memecoin is completely useless and for entertainment purposes only.

Statement on SHIBADOG Tokens as Non-Security Offering

The issuance and distribution of SHIBADOG tokens adhere to all relevant laws and regulations, including securities laws, ensuring compliance and transparency in our operations. The design and structure of SHIBADOG tokens have been intentionally crafted to ensure that they do not possess the characteristics typically associated with traditional securities. Any fluctuations in the value of SHIBADOG tokens are driven solely by market dynamics and user demand. Such fluctuations do not confer any investment characteristics upon the tokens. We emphasize that SHIBADOG tokens should not be regarded as a prospectus or an offering of financial services. They are not intended to be an offer to sell or a solicitation to buy any securities, investment products, financial instruments, or regulated products.

Investment Risks

Investing in Shiba San (SHIBADOG) involves substantial risk, including the possibility of losing money. Prices can fluctuate significantly over short or long periods. The Website does not guarantee that investors will not incur losses.

Tax Compliance

Users of the Website are responsible for determining any tax obligations related to their Shiba San (SHIBADOG) transactions. The owners and contributors of the Website do not provide tax advice and are not responsible for determining the taxes applicable to Shiba San (SHIBADOG) transactions.

Token Burning for Supply Management Purposes

Token burning within the Shiba San ecosystem is conducted solely for the purpose of supply management and does not involve any investment contract, profit-sharing, or other characteristics commonly associated with securities. Token burning is a mechanism employed to reduce the token supply, thereby increasing the scarcity and value of the remaining tokens. The primary objective of token burning within the Shiba San ecosystem is to optimize the token economy, ensuring long-term stability and sustainability.

Non-Investment Contract or Profit-Sharing Arrangement

It is important to emphasize that token burning does not create any form of investment contract or profit-sharing arrangement. Token holders do not have any expectation of profit or returns solely based on the act of token burning. Instead, token burning is an internal mechanism designed to manage the token supply, enhancing the utility and value of SHIBADOG tokens for the benefit of the entire ecosystem.

Transparency and Compliance

The classification of Shiba San (SHIBADOG) tokens as non-securities is intended to provide transparency and clarity to Shiba San community and potential SHIBADOG token holders. We are committed to abiding by all applicable laws and regulations, ensuring that SHIBADOG tokens are appropriately categorized and utilized solely for their intended purposes within the Shiba San ecosystem.

Monitoring Legal and Regulatory Changes

As the legal and regulatory landscape surrounding digital assets continues to evolve, we pledge to diligently monitor any modifications that may impact the classification of Shiba San (SHIBADOG) tokens. In the event of any changes to the legal and regulatory framework affecting the classification or use of SHIBADOG tokens, we undertake to promptly update and disclose the necessary information.

Conclusion

Should anyone have any inquiries or require further clarification concerning the classification of SHIBADOG tokens or any related matters, we kindly request that you contact us for assistance.

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