Video games are played by billions of people and game revenues are over two hundred billion US dollars per year. Playing games is at the core of human experience and it is no surprise that games have been one of the most popular and relevant uses for technology as it becomes more accessible and more intertwined in our lives.
From what started as a solitary experience, video games have rapidly developed ways to bring other players in and form communities of people to play with and against. Today, games represent vibrant and active communities, where friendships and rivalries can play out or be formed with people from around the world. People who would have little reason or opportunity to meet but through their shared love of the game.
Games are real. The people you meet are real, the friendships are real, the way you feel when you finally crack that achievement or get a team member over the line of a challenging piece of content – that’s real too.
Polemos believes that games are real. We see a coming revolution in gameplay that rivals the shift to massive online multiplayer experiences and shared community of the last two decades, a revolution that brought real people and real relationships to your game experience. The coming revolution will make other parts of the game experience real too. The ability to lend something to a friend, give back something to the community or your team, or just the freedom to sell or trade what you have in game for real world items – that’s a huge step up for the game experience and it is right here.
Polemos exists to promote ownership in games. We will be your guide to the best games with ownership elements, we will teach you how to be successful and share tips from the community, we will provide you with the tools to put that knowledge and skill to best use.
Whether you are a gamer, an asset holder, or just curious, we have you covered – that is our mission and our promise. We invite you to join us and hope we can enjoy your company in this next gaming revolution.
In this revision to our original whitepaper, we describe the key aspects of our platform, organization, and community. For more information, please join us on Discord or contact firstname.lastname@example.org.
THE POLEMOS PLATFORM
Under the umbrella of the Polemos platform, an entire ecosystem of services and products has been built. The platform supports a player’s journey in three different ways: Information, Ownership, and Feedback:
Polemos News is the first port of call for anyone interested in ownership games or the world of cutting-edge game technology. Polemos News produces videos, articles, a podcast and newsletter, with substantial presences on web (polemos.io) and Youtube (polemos_io), bringing everything from daily updates to more in-depth features and gameplay. Blockchain gaming is a unique, innovative and rapidly growing space, and Polemos will keep gamers informed of developments that see widespread adoption in the gaming mainstream.
Polemos University is an educational hub where players can deepen their understanding and learn in-game skills. The University will feature general courses about ownership mechanics on blockchain and more, to basic game introductions and in-depth expert courses, all kinds of relevant knowledge for our chosen games. We also hope to feature much more content developed in partnership with the games themselves, watch for announcements on this in the future.
As a future feature, the University will also feature a coaching site, where proven expert instructors (pre-vetted by Polemos) will be able to offer their services, both in terms of general tutoring for relevant topics, as well as competitive game coaching.
Polemos launched the world’s first fully developed game asset lending capability in June 2023. Dubbed the Armory, this platform product initially supports games with assets on the Polygon chain and launched with Galaxy Fight Club, the engaging mini arena combat game, as showcase title.
Collateral free asset lending is a core component of the developing ecosystem of ownership games, allowing items to be shared in the community without having to trade them away. Lending allows players to access items in game before purchase, enhancing their confidence when they do decide to buy. Lending also allows item holders, who often have invested significant time or money in a title and are amongst its most valuable players, to receive rewards from the community for sharing their in-game assets.
A vital part of the ecosystem, the Polemos Armory provides three main services:
- Asset Renting: Using USDC for now, but ultimately with PLMS as a payment method, community members can rent game assets for a period of time, enhancing their experience through otherwise unavailable cosmetics or gameplay items
- Asset Staking: As a unique feature of the Polemos ecosystem, the Armory allows individual assets of select games (typically NFTs) to be staked into a dedicated pool, which will grant asset providers an opportunity to earn yield. The token rewards granted to asset providers for their participation come from the utilization of these assets for renting purposes and scholarship programs.
- Scholarships: In order to support players interested in blockchain gaming, Polemos will offer two types of scholarship programs. These programs will be offered for a selected set of games only, and the programs available will vary over time:
Artisan Program: These programs include ongoing access to particular assets that are rented to players, who utilize these assets to play supported games in return for a portion of the earned rewards granted by those games.
Accelerator Program: Participants are loaned assets and/or liquidity to kick off their journey, after which they start utilizing their loan to play supported games in return for a portion of the earned rewards granted by those games. Accelerator programs end by participants paying back their initial loan plus interest to the DAO while having some flexibility in determining what assets to sell, and what assets to keep for after graduation.
NB: These offerings will be exclusive to games that Polemos integrates into the Armory, and the kind of services provided will be determined on a game by game basis.
DATA ANALYTICS AND THE DASHBOARD
Via the main dashboard, users get an overview of all their touchpoints within the Polemos ecosystem. This includes progress in the Polemos University, their current rank in the Honor System, and more. The dashboard is a main hub of the platform, allowing users to easily understand where they are at, and where they can find additional resources and value.
Polemos has a dedicated team of data analysts, engineers and scientists, who leverage both on-chain and off-chain data to create reports and tools, and by doing so, ensure a variety of insights that can help with farming efficiency, build optimization, metagame strategies, and more. Over time we will add more personalized content to the dashboard including gameplay recommendations based on actual in game performance.
The Honor System rewards people for engaging with different parts of the Forge and beyond. Honor points will allow community members to progress through a ranked and season-based system and as a result, unlock various benefits, in addition to being awarded a unique NFT for each rank achieved, which will vary from season to season. Benefits include:
- Content Access: Access to rank based gated university content, more in-depth game analytics, etc.
- Forge Discounts: Cheaper renting fees, subscriptions, etc.
Honor seasons will run for 6-12 months each, although this may vary over time as we refine the system, and each season will have its own progression path through the Honor ranks:
Badges are currently being issued on Immutable X
Polemos will operate to maximize rewards paid to active users for their contributions over time, creating a virtuous cycle of participation and incentives.
Initially Polemos will seek to earn revenue through the following activities:
- Affiliate revenue from games for users introduced through the Polemos platform,
- Advertising revenue from Polemos content and products, including direct promotion of partner games,
- Fees for other game services, such as custom University courses or Analytics offerings,
- Transaction fees from rentals on the Armory,
- Player subscriptions, either to exclusive content or services, or to provide accelerated access to experiences gated by the seasonal Honor system,
- Yield from games where possible, including tournament winnings, yield from gameplay (for example, earning and selling game items), or by acquiring and monetizing in game real estate, for example to extend advertising and promotional offerings.
Promotional content will always be clearly labelled as such, and Polemos News and Features will always be independent, as laid out in the Polemos Editorial Policy, which can be found on the site.
After financial obligations have been met, including commitments to philanthropic and community causes, surplus value earned will be returned to the community as rewards for contribution. This is described in the token section below. Rewards will be paid exclusively in Polemos tokens.
STRUCTURE AND GOVERNANCE
STATUS OF THE DISTRIBUTED AUTONOMOUS ORGANIZATION (DAO)
A DAO is a collaboration between stakeholders to achieve a common goal. Participation in and influence over the group is determined by defined, egalitarian criteria that encourage engagement. Typically, membership and influence in a DAO are determined by ownership of a custom tokens (such as NFTs), with larger holdings providing somewhat greater say; this is the case for the Polemos DAO.
Practically, the activities of the DAO require suppliers to be engaged, services provided and other contracts to be entered into, which in turn implies the existence of properly constituted legal entities in one or more jurisdictions. Polemos is no different. The primary Polemos entity is a Private Interest Foundation in Panama, which has the purpose of achieving Polemos’ goals as laid out here and distributing such rewards as there may be based on contributions to those goals. The Foundation owns and contracts with other entities to achieve the aims of the DAO.
It is important to note that DAO participants and token holders (as will be described later in the whitepaper) have no claim on or rights to control the Foundation or any other entity, nor any right to fees, revenues or any other benefit. Polemos undertakes to respect the voting and governance processes described here, but outcomes from the voting process are not legally binding on the Foundation or any other entity, in particular any direction deemed to compromise the Foundation or any affiliated entity’s ability to fully comply with applicable laws and regulations in their relevant jurisdictions will be considered annulled.
THE POLEMOS DAO
The Polemos DAO structure comprises two notional parts; an operational service part called PolOps and a community governance part called PolComm. Both parts serve their own distinct purposes.
PolOps is responsible for the daily operations of Polemos including maintaining its assets and growing the project. It also keeps delegated rights over a variety of decisions related to these tasks, such as the hiring of Core Contributors, determining salaries, providing liquidity to exchanges, and more. Over time, PolOps will set up reporting mechanisms to transparently share with PolComm how funds are being used.
PolOps is currently represented by a service company, Polemos Labs Pte Ltd, incorporated in Singapore. Polemos Labs is operating under a contract with the Polemos Foundation to build the Polemos platform, launch the Polemos token, and other operational work described in this whitepaper.
PolComm is governed by the Polemos Token (PLMS). The decision-making powers of PolComm will be executed by putting up Polemos Improvement Proposals (PIPs) that will undergo two different voting rounds: one by all stakeholders, the other by an elected council called the Stewards Council. Practically, the Foundation will abide by any reasonable outcome from this process and make appropriate directions to the relevant parts of the Polemos ecosystem.
Ahead of token liquidity, the functions of PolComm are performed by the founders.
A Stewards Council of up to seven councillors will act as a decentralized safety stop for the protocol. Two of these seats are appointed by PolOps to ensure:
- the people with the most insight and project related experience have a voice during the Council discussions, considering they would be responsible for implementing approved proposals; and
- Council discussions, in general, are informed by open communication and feedback from the broader team, because without this, certain initiatives may be blocked from proceeding altogether.
The remaining five seats are filled with elected representatives from the DAO. While all stakeholders generally are eligible to run, anyone working for PolOps as a Core Contributor is excluded from the election for these seats (this does not apply to Polemos Advisors).
Councillors serve for epochs lasting six months each, and there is no limit to the number of consecutive terms a councillor can serve. Councillors are not paid stipends but in future epochs may receive a custom Stewards’ NFT in recognition of their work.
A councillor who does not fulfil their responsibilities can be voted out if at least five other Stewards Council members support the removal. In such a case, or if a Councillor steps down voluntarily, a new election to fill this seat for the remaining time in the epoch is carried out.
To ensure seamless transition to DAO voting, the first set of Stewards Council members will be elected by the founders acting in their capacity as PolComm prior to token liquidity. Subsequent elections will be held as described here.
Every token holder with staked tokens is allowed to open a conversation and begin gathering support for a proposed idea they would like to see implemented via a PIP. These discussions will be held on a dedicated governance site, and the overarching process from idea to proposal looks as follows:
If the Stewards Council overrules a PolComm vote, a public Q&A with the community will be held. The Stewards Council will explain the reasoning for their decision in writing in advance to allow for the community to consider the arguments and to prepare questions for the Q&A.
PIP and Councilor election outcomes are determined through Voting Power based on an individual’s number of staked tokens and their token weight based on the length of staking.
Only token holders with tokens staked for liquidity provision are eligible to vote, and voting power is increased for longer staking commitments.
THE PLMS TOKEN AND ITS USES
THE PLMS TOKEN
The PLMS token is the medium of exchange on the Polemos platform and ecosystem. It is intended to be used solely to facilitate interactions on the platform or in respect of other Polemos services.
The native cryptographically-secure fungible protocol token of Polemos token (symbol PLMS), is a transferable representation of attributed governance and utility functions specified in the protocol/code of Polemos, and which is designed to be used solely as an interoperable utility token thereon. PLMS will be generated as an ERC-20 token on the Ethereum mainnet with a total maximum supply of 1,000,000,000.
PLMS is a functional multi-utility token which will be used as the medium of exchange between participants on Polemos in a decentralised manner. The goal of introducing PLMS is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Polemos. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. PLMS does not in any way represent any shareholding, participation, right, title, or interest in the Polemos or any entity associated with Polemos, the Distributors of the PLMS token, their respective affiliates, or any other company, enterprise or undertaking, nor will PLMS entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Panama, Singapore or any relevant jurisdiction. PLMS may only be used on Polemos, and ownership of the same carries no rights, express or implied, other than the right to use PLMS to enable usage of and interaction within Polemos. The secondary market pricing of PLMS is not dependent on the effort of the Polemos team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
Further, PLMS provides the incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Polemos, thereby creating a mutually beneficial system where every participant is fairly compensated for their efforts. PLMS are an integral and indispensable part of Polemos, because without PLMS, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Polemos. Given that additional PLMS will be awarded to a user based only on its actual usage, activity and efforts made on Polemos and/or proportionate to the frequency and volume of transactions, users of Polemos and/or holders of PLMS who do not actively participate will not receive any PLMS incentives.
PLMS tokens will be created or minted during a process we refer to as the Token Generation Event or TGE. The TGE will occur once only and will create the total maximum supply of one billion tokens. Half the supply (i.e. 500,000,000 tokens) will be locked up immediately, the locked supply now being deemed unnecessary for the current operations of the protocol and the Polemos project.
A quantity of tokens has been presold or offered to team members and advisors, and further presales may occur before the TGE. The terms of these sales include a “lock” period of twelve months, during which the tokens exist on chain but are not available to the pre-purchaser. After the lock period the purchased tokens become available to the purchaser over time, the length of which is the “vesting period” and which varies according to when the token prepurchase occurred. “Token liquidity” refers to the point in time after which at least one token is not subject to a lock and is available to use on the platform or trade.
Polemos anticipates the TGE to take place before the end of 2023, which means that token liquidity will occur no later than the end of 2024 (because of the end of the lock period for presales). Polemos anticipates token liquidity prior to that however by means of providing at some earlier point in 2024 a small pool of unlocked tokens for general sale to begin PLMS transactions on the platform.
As of Q3 2023 the token allocations are as follows:
TOKEN PAYMENTS ON THE POLEMOS PLATFORM
The PLMS token will be used as the exclusive token of exchange on the platform on or shortly after liquidity. Rental payments and rewards, subscriptions, honor boosts, merchandise etc. will all be paid for with PLMS tokens. The price of services in PLMS may be adjusted on an ongoing basis relative to the secondary market price of the PLMS token to maintain roughly constant USD pricing day to day.
Users will be able to purchase PLMS for use on the platform easily on site (potentially through a third-party provider) or from a number of distribution points, to be determined. Work is ongoing to ensure an active market for the token with constant liquidity and convenient points of sale.
In addition to purchasing services on the platform, token holders may use their tokens to provide liquidity to the protocol and other users. Holders retain ownership of their tokens but surrender access to them for the period they are staked. When a contribution is made in this way, staking token holders receive benefits – they may participate in DAO governance, and they become one of several types of contributors eligible for platform rewards.
As described in the Polemos DAO section, PolComm is a part of the DAO made up of token holders who have staked their token to provide market liquidity for the community. PolComm members may therefore join, leave, and rejoin from day to day according to how they are using their tokens. Whilst a member, a token holder may participate in DAO governance by raising or commenting on improvement proposals (PIPs), elect Stewards Council members from time to time, and vote on other topics raised by members.
PolComm members represent committed members of the Polemos community, and their contributions and feedback will be influential in driving the future direction of Polemos. PolComm will have a dedicated area on the platform, the Governance site, where topics may be raised, discussed, and voted upon.
To promote decentralized community governance for the network, PLMS encourages PolComm members to propose and vote on governance proposals to determine future features, upgrades and/or parameters of Polemos, or provide feedback. As described in the DAO section, voting weight is calculated in proportion to the tokens staked and the period committed to.
The Polemos DAO commits to following as far as possible the outcomes of the voting process. This is restricted to voting on features of the Polemos DAO, it does not entitle PolComm members to:
- vote on the operation and management of the company (the Polemos Foundation), its affiliates, or their assets or the disposition of such assets to token holders,
- or select the board of directors or similar bodies of these entities,
- or determine the development direction of these entities,
- nor does PLMS constitute any equity interest in any of these entities or any collective investment scheme.
The arrangement is not intended to be any form of joint venture or partnership.
To encourage contribution to the protocol Polemos will reward contributors with PLMS tokens.
Reward tokens will come from one of two sources:
- Surplus tokens from operations (aka profit),
- Pre surplus rewards pool.
Surplus will be calculated after costs. 1% of the calculated surplus will be set aside for philanthropic use aligned to Polemos’ mission and values.
Our goal is to maximize rewards paid out to contributors. As such we target maintaining our ratio of cost to revenue once profitable. Changes to these targets may be made through PolComm votes.
Initially Polemos platform revenues may not be sufficient to generate a surplus. Polemos will use the pre surplus rewards pool to provide rewards during this period up to a limit of 30,000,000 tokens.
PLMS can be earned by community members who contribute meaningfully to the Polemos project. Which activities attract rewards, and how many tokens are awarded, will vary over time.
As an initial set, the following activities would be considered for community rewards:
- Game item lending: members who consistently provide sought after items to the Armory may be eligible for additional PLMS rewards over and above their rental earnings.
- Game item borrowing: active users of the Armory may be rewarded with additional PLMS tokens. Users will in any case accrue Honor points and achieve discounts with higher Honor status.
- Honor ranking: higher Honor ranks may be eligible for PLMS rewards to recognize active engagement with and promotion of the Polemos platform.
- Advocacy: community services such as moderation, content creation, active and appropriate engagement in user forums, assistance with marketing, referral of users or game partners all represent valuable services eligible for PLMS rewards.
The thresholds and quantities of these rewards will be specified closer to token liquidity and will be subject to change.
PLMS rewards can also be earned by making tokens held available to the market for liquidity purposes, a process we refer to as “staking”. This helps to ensure an available supply of PLMS for users to purchase by other users, so they can gain access to the various utilities within the protocol. The rewards earned are proportional to the amount staked and depend on the length of time committed to (i.e. the useful work performed). An equal number of tokens staked is returned at the end of the staking period. Stakers receive rewards in PLMS tokens which are fully liquid (i.e., unstaked) which can themselves be staked or which can be used or sold.
Access to staking will be available from the “Staking” site on the Polemos platform. The back end for staking is currently the Tokemak system, which allows staked tokens to be most efficiently directed to the market channel where they would provide the most benefit. Details of the integration with this system can be found in an appendix.
Other staking paths may be available, for example to provide liquidity to market makers in addition to Tokemak. These services ensure that PLMS are always available to be bought or sold. Participation in these schemes may be offered to holders of particularly large numbers of tokens from time to time. Rewards offered to these holders will be calculated in the same way as stakers on site.
Rewards for staking will be made regularly and are distributed to staking wallets according to the simple formula:
[number of tokens staked] x [weight according to period committed].
Weights are assigned as follows:
No commitment (withdrawal after 24hrs): 1.0
Commitment up to 36 months: 1.0 – 3.0 linearly by full calendar days.
At least 36 months (“permanent”) 4.0
Multiple staking events (for example taking rewards earned) are treated individually and shown independently on the staking summary page on the site. Each event receives the appropriate reward distribution. Users can choose the appropriate combination of staking amounts and commitments for their circumstances.
Staking weight applies for rewards distribution and voting power.
Promised and delivered
- H1 2023
- Armory: Asset renting on Polygon
- Armory: Scholarship applications
- Audience growth initiatives
- Honor season 2
- Revenue growth initiatives
- H2 2023
- Token Generation and vesting starts for PLMS
- Monthly active users (MAU) to 25,000+
- More Polygon games for rentals
- Launch of growth support partnerships for games
- Feature enhancements on the platform
- MAU to 100,000+
- New chains for renting
- Advertising and game promotion services
- Token liquidity and PLMS accepted on site
Profitability and distributions to contributors.
Richard McLaren, co-CEO
Richard is a thirty year veteran in the leading edge of technology, data and machine learning, working in capital and sports market trading and large scale ecommerce. Formerly Managing Director of Data and Technology at ninemsn, the AU/NZ Microsoft and Nine Entertainment JV, he has also been Managing Director UK for consultancy ThoughtWorks and interim IT Director at moneysupermarket.com.
Sascha Zehe, co-CEO
Sascha is a former software developer and has been deep into gaming for more than two decades now. Aside from having played competitively in several games, he also has professional experience in the gaming industry, starting out in community management and eventually being responsible for multiple game teams as VP Product. Games covered included in-house development as well as publishing of third party titles on both PC and Mobile.
Carl Wilgenbus, CFO
Carl is a seasoned CFO and versatile intrapreneur with over a decade of experience in Europe and Asia. He specialises in financial and corporate management and in business transformation. He has served in world leading global enterprises in consulting, advertising, and digital industries.
Hal Crawford, Head of Content
Hal has had a broad range of content creation and media experience over three decades, holding executive positions at big Australian and New Zealand publishers. As Editor In Chief at ninemsn and Chief News Officer at Mediaworks he has been at the forefront of digital news production, and has also advised industry and government agencies on funding distribution and strategic development.
Tom Hall, Former CEO of Playtech and Asian Logic, CEO of Sporting News
Tom is recognised as a pioneer and one of the world’s leading experts in the field of online gaming software development, specialising in interactive gaming and is a regular key note speaker at investor forums and gaming conferences around the World. Since 2014, Hall has spent most of his time building Pax Holdings Limited, a family office focussed on sports media, fintech, gaming, leisure-related real estate and asset management platform software development. This included leading the acquisition of The Sporting News, www.sportingnews.com, the digital evolution of the US’s oldest sports newspaper founded in 1886. He has also recently joined the Board of Leisurerights.com, a rights management collective.
Zac Rosenberg, Managing Partner at Capzed
Zac co-founded Capital Zed in January 2015. Previously was Managing Director/Head of Investment Banking from 2012 to 2015 at Canaccord Genuity (Melbourne), Managing Director/Head of Investment Banking from 2009 to 2012 at Keefe, Bruyette & Woods (Hong Kong), Managing Director/ Head of Investment Banking at Fox-Pitt, Kelton (Hong Kong) from 2005 to 2009 and Executive Director at CIBC World Markets (Hong Kong/Singapore) from 2000 to 2005
Darren Smorgon, Managing Director of Sandbar Investments
Darren is Managing Director of Sandbar Investments, a Sydney based family office with investments in private equity, equities, property and alternative investments including venture capital and crypto currency. Until 2015, Darren was a Director, member of the advisory board and partner at CHAMP Private Equity where he was responsible for portfolio companies including oOh!media, Study Group, Golding Contractors and LCR Group.
Kevin O’Hara, Managing Director of Sentor Investments, Venture Partner at Primal Capital, LC Ventures and SDGx
Kevin has an extensive history as an investor and as a start-up founder having founded, backed and exited a number of start-ups. In 2005 Kevin founded OCTIEF Group. In 2010, Kevin founded the OCTFOLIO SaaS based Enterprise Governance, Risk and Compliance Management (eGRCM). Both companies were acquired 2013. In 2016 Kevin also founded Techwitty Digital which later acquired and merged into the family office. Kevin has an MBA with a major in Digital Transformation and Business Intelligence and now works in the Venture Capital and Private Equity investment sector with a core focus on venture capital and growth equity.
Scott Plowman, Managing Director of Mozaik Capital
Scott is the Managing Director of Mozaik Capital based in Singapore and Foundation Partner and Investor in Herradura Ventures. Mozaik Capital is most well known as one of the original Venture focused Web3 investors, with multiple exits across Axie Infinity, Algorand, DFinity, STEPN, Yield Guild and Kava to name a few. In the web3 investing space, Scott is known for the establishment and management of large scale project validator and node structures, including for the Algorand protocol in 2018. Today Scott is also actively involved at the foundation level of numerous layer 1 and 2 protocols.
The current proposal for liquidity staking integrates with Tokemak, which provides a level of isolation for Polemos token holders to the destination of their tokens. This allows for more efficient allocation of liquidity in a way that is transparent to token holders.
The overall token flow looks the following way:
Official Tokemak Site: https://www.tokemak.xyz/
Staking PLMS within the Forge will result in PLMS being staked in a Tokemak Reactor whose purpose is to provide liquidity for exchanges. This is an important part of the ecosystem to allow users to obtain PLMS so that they can participate in the Polemos platform. In order to incentivize these liquidity providers they are then eligible for PLMS rewards. When staking with Tokemak, the Polemos platform receives an equal amount of tPLMS which is held as proof of stake and which can be swapped back whenever someone wants to withdraw their staked PLMS.
Major benefits of utilizing a Tokemak reactor include:
- Flexibly being able to redirect liquidity to particular exchanges in need of additional liquidity;
- No need for token pairing (e.g. PLMS/ETH) to provide liquidity which allows both the DAO and all PLMS holders to provide liquidity with PLMS alone;
- The opportunity for the DAO to accumulate separate TOKE rewards, which itself may hold a monetary value.
PLEASE READ THE ENTIRETY OF THIS “LEGAL DISCLAIMER” SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU ARE STRONGLY ADVISED TO CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER POLEMOS S.A. (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE POLEMOS TEAM) WHO HAVE WORKED ON POLEMOS (AS DEFINED HEREIN) OR PROJECT TO DEVELOP POLEMOS IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF PLMS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE PAPER, DECK OR MATERIAL RELATING TO PLMS (THE TOKEN DOCUMENTATION) AVAILABLE ON THE WEBSITE AT HTTPS://POLEMOS.IO/ (THE WEBSITE, INCLUDING ANY SUB-DOMAINS THEREON) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY FROM TIME TO TIME.
Project purpose: You agree that you are acquiring PLMS to participate in Polemos and to obtain services on the ecosystem thereon. The Company, the Distributor and their respective affiliates would develop and contribute to the underlying source code for Polemos. The Company is acting solely as an arms’ length third party in relation to PLMS distribution, and not in the capacity as a financial advisor or fiduciary of any person with regard to the distribution of PLMS.
Nature of the Token Documentation: The Token Documentation is a conceptual paper that articulates some of the main design principles and ideas for the creation of a digital token to be known as PLMS. The Token Documentation and the Website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, any offer to sell any product, item, or asset (whether digital or otherwise), or any offer to engage in business with any external individual or entity provided in said documentation. The information herein may not be exhaustive and does not imply any element of, or solicit in any way, a legally-binding or contractual relationship.
There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where the Token Documentation or the Website includes information that has been obtained from third party sources, the Company, the Distributor, their respective affiliates and/or the Polemos team have not independently verified the accuracy or completeness of such information.
Further, you acknowledge that the project development roadmap, platform/network functionality are subject to change and that the Token Documentation or the Website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith.
Validity of Token Documentation and Website: Nothing in the Token Documentation or the Website constitutes any offer by the Company, the Distributor, or the Polemos team to sell any PLMS (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the Token Documentation or the Website is or may be relied upon as a promise, representation or undertaking as to the future performance of Polemos. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of PLMS, is to be governed only by the separate terms and conditions of such agreement.
The information set out in the Token Documentation and the Website is for community discussion only and is not legally binding. No person is bound to enter into any contract or binding legal commitment in relation to the acquisition of PLMS, and no digital asset or other form of payment is to be accepted on the basis of the Token Documentation or the Website. The agreement for distribution of PLMS and/or continued holding of PLMS shall be governed by a separate set of Terms and Conditions or Token Distribution Agreement (as the case may be) setting out the terms of such distribution and/or continued holding of PLMS (the Terms and Conditions), which shall be separately provided to you or made available on the Website. The Terms and Conditions must be read together with the Token Documentation. In the event of any inconsistencies between the Terms and Conditions and the Token Documentation or the Website, the Terms and Conditions shall prevail.
Deemed Representations and Warranties: By accessing the Token Documentation or the Website (or any part thereof), you shall be deemed to represent and warrant to the Company, the Distributor, their respective affiliates, and the Polemos team as follows:
(a) in any decision to acquire any PLMS, you have not relied on and shall not rely on any statement set out in the Token Documentation or the Website;
(b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
(c) you acknowledge, understand and agree that PLMS may have no value, there is no guarantee or representation of value or liquidity for PLMS, and PLMS is not an investment product nor is it intended for any speculative investment whatsoever;
(d) none of the Company, the Distributor, their respective affiliates, and/or the Polemos team members shall be responsible for or liable for the value of PLMS, the transferability and/or liquidity of PLMS and/or the availability of any market for PLMS through third parties or otherwise; and
(e) you acknowledge, understand and agree that you are not eligible to participate in the distribution of PLMS if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the distribution of PLMS would be construed as the sale of a security (howsoever named), financial service or investment product and/or (ii) where participation in token distributions is prohibited by applicable law, decree, regulation, treaty, or administrative act (including without limitation the United States of America, Canada, and the People’s Republic of China); and to this effect you agree to provide all such identity verification document when requested in order for the relevant checks to be carried out.
The Company, the Distributor and the Polemos team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor).
To the maximum extent permitted by law, the Company, the Distributor, their respective affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of the Token Documentation or the Website, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same. Prospective acquirors of PLMS should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the distribution of PLMS, the Company, the Distributor and the Polemos team.
PLMS: PLMS is designed to be utilized, and that is the goal of PLMS distribution. In particular, it is highlighted that PLMS:
(a) does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
(b) is non-refundable and cannot be exchanged for cash (or its equivalent value in any other digital asset) or any payment obligation by the Company, the Distributor or any of their respective affiliates;
(c) does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or their revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to Polemos, the Company, the Distributor and/or their service providers;
(d) is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
(e) is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment;
(f) is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and
(g) does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates.
Notwithstanding PLMS distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution.
To the extent a secondary market or exchange for trading PLMS does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of PLMS and Polemos. Neither the Company nor the Distributor will create such secondary markets nor will either entity act as an exchange for PLMS.
Informational purposes only: The information set out herein is only conceptual, and describes the future development goals for Polemos to be developed. In particular, the project roadmap in the Token Documentation is being shared in order to outline some of the plans of the Polemos team, and is provided solely for INFORMATIONAL PURPOSES and does not constitute any binding commitment. Please do not rely on this information in deciding whether to participate in the token distribution because ultimately, the development, release, and timing of any products, features or functionality remains at the sole discretion of the Company, the Distributor or their respective affiliates, and is subject to change. Further, the Token Documentation or the Website may be amended or replaced from time to time. There are no obligations to update the Token Documentation or the Website, or to provide recipients with access to any information beyond what is provided herein.
Regulatory approval: No regulatory authority has examined or approved, whether formally or informally, any of the information set out in the Token Documentation or the Website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of the Token Documentation or the Website does not imply that the applicable laws, regulatory requirements or rules have been complied with.
Cautionary Note on forward-looking statements: All statements contained herein, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Company, the Distributor and/or the Polemos team, may constitute forward-looking statements (including statements regarding the intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date indicated in the Token Documentation, and the Company, the Distributor as well as the Polemos team expressly disclaim any responsibility (whether express or implied) to release any revisions to these forward-looking statements to reflect events after such date.
References to companies and platforms: The use of any company and/or platform names or trademarks herein (save for those which relate to the Company, the Distributor or their respective affiliates) does not imply any affiliation with, or endorsement by, any third party. References in the Token Documentation or the Website to specific companies and platforms are for illustrative purposes only.
English language: The Token Documentation and the Website may be translated into a language other than English for reference purpose only and in the event of conflict or ambiguity between the English language version and translated versions of the Token Documentation or the Website, the English language versions shall prevail. You acknowledge that you have read and understood the English language version of the Token Documentation and the Website.
No Distribution: No part of the Token Documentation or the Website is to be copied, reproduced, distributed or disseminated in any way without the prior written consent of the Company or the Distributor. By attending any presentation on this Token Documentation or by accepting any hard or soft copy of the Token Documentation, y