Disclaimer

Our Whitepaper has been created to serve as a guide for the current and future members (the “Nyxers”) of Nyx DAO, a Decentralized Autonomous Organization.

The DAO is designed to sustainably develop a diversified crypto-assets portfolio, increase value for its Nyxers and generate passive income. When the project of this DAO first came to mind, it is a community built around common interests and commitment that was envisioned. And when it came to fruition that idea of common effort, experience, and knowledge remained at the center. It shall therefore be underlined that no matter the financial aspect of our organization or the incomes it might generate, the core purpose of Nyx remains to build a community of various aficionados, experts and Web3 enthusiasts. All future Nyxers shall be driven by their will to explore a growing field with endless possibilities, while keeping benevolence at the heart of their actions and engagement throughout their whole journey with us.

As you’re reading this Whitepaper, it remains clear that no legal framework exists to assist with the formation and governance of DAOs in general. As such, it should be understood by all who freely choose to engage with the DAO that Nyx DAO is not an incorporated entity, has no legal personality, and exists outside any jurisdiction or official head quarters. Moreover, any natural or legal person or entity that claims to represent the DAO in any capacity has no legal ability to do so and cannot be held liable in any way for the actions of the DAO and its members. This is of course not stated as a pass for any individual or group who choose to engage in or commit any criminal activity (such as fraud, theft, etc.), but as a warning to ensure the transparency we hold so dearly for our organization, as well as the complete awareness and enhanced safety of our members. This legal frame - or lack thereof - is of course bound to evolve as our community grows. Our disclaimer and Whitepaper will be amended accordingly.

Our DAO is designed to grow and evolve with the help of its members. The status of Nyxers shall therefore be seen as more of one of coworkers, in opposition to any form of passive involvement. If throughout the process Nyx’s funding partners and governing body will be charged with providing the main guidelines to the rest of the community, it is in direct collaboration with all Nyxers that further management rules and norms are meant to be constructed.

As the space in which the DAO will be active is a new and experimental one it should go without saying that all Nyxers should understand that it is speculative in nature and thus carries inherent risks. In addition, there are numerous ill-intentioned stakeholders in the field intentionally trying to scam others out of their funds. Though none of this diminishes the passion and enthusiasm of the DAO, Nyxers ought to remain cautious and vigilant at all times.

Nothing stated herein shall be held as financial or investment advice and all who choose to participate in and engage with the DAO are to speak to their relevant (financial, tax, etc.) advisors. Moreover, the DAO is in no way being formed to assist anyone with any form of tax evasion or avoidance. It is expected that everyone participating in the DAO and engaging with the DAO will endeavor, to the best of their abilities, to be in compliance with their relevant tax codes and the rules set out by the relevant tax authorities. Additionally, the DAO does not provide investment advice with respect to the funds held by the DAO.

It is the DAO’s intention, to the best of its abilities, to keep abreast of the current legal norms and take guidance from the best practices that are being developed in this new and experimental space.