# Disclaimer

THIS WHITE PAPER HAS BEEN PREPARED FOR THE PURPOSE OF INFORMING AND EDUCATING THE PUBLIC ABOUT THE TRACER PROJECT. IT DESCRIBES THE VISION, STRUCTURE, AND DEVELOPMENT ROADMAP OF THE TRACER ECOSYSTEM.

THIS DOCUMENT IS NOT INTENDED TO CONSTITUTE, AND SHOULD NOT BE INTERPRETED AS, AN OFFER OF SECURITIES, FINANCIAL INSTRUMENTS, OR INVESTMENT PRODUCTS. NOTHING IN THIS WHITE PAPER SHOULD BE CONSIDERED LEGAL, FINANCIAL, BUSINESS, OR TAX ADVICE.

PARTICIPATION IN THE TRACER ECOSYSTEM IS SUBJECT TO APPLICABLE LAWS AND REGULATIONS. TRACER TOKENS ARE NOT BEING OFFERED OR SOLD, AND MAY NOT BE OFFERED OR SOLD IN JURISDICTIONS CURRENTLY SUBJECT TO A FINANCIAL ACTION TASK FORCE (FATF) “CALL FOR ACTION”: IRAN, MYANMAR, AND NORTH KOREA.

READERS SHOULD CONDUCT THEIR OWN DUE DILIGENCE AND CONSULT INDEPENDENT ADVISORS BEFORE ENGAGING WITH ANY ASPECT OF THE PROJECT. 

THE READER HAS BEEN ADVISED THAT TRACER TOKENS COULD IN CERTAIN JURISDICTIONS QUALIFY AS A SECURITY AND THAT THE OFFERS AND SALES OF THIS INSTRUMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER ANY JURISDICTION’S SECURITIES OR SIMILAR LAWS AND CANNOT BE RESOLD EXCEPT IN COMPLIANCE WITH THE APPLICABLE JURISDICTION’S LAWS. 

**NOTICE TO RESIDENTS OF THE UNITED STATES**

THE OFFER AND SALE OF THESE FINANCIAL INSTRUMENTS OR RIGHTS HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (U.S. SECURITIES ACT), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE FINANCIAL INSTRUMENTS OR RIGHTS MAY THEREFORE NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM.

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