Cookie is a Web 4.0 project born out of quantum thinking Daily menu Introduction Blockchain is now recognized as a new field in IT. In recent years, there have been kits and services for blockchain development, and it has even come to be called the blockchain industry. One of the biggest barriers to blockchain development is interoperability. Different blockchains cannot communicate with each other, and tokens cannot be transferred between them. Several projects have been launched to solve these problems. However, the blockchain industry is growing in size and services are fragmented. The Cookies Project focuses on the blockchain gaming industry, which has been developing remarkably in recent years, and aims to solve this interoperability problem as well as to create a new, fragmented blockchain service. Cookies Project | Flour Paper 2 Cookies Project Flour Paper Daily menu Introduction 2 What is Blockchain 3 History of Blockchain 4 Gaming Industry Market 5 What is a Blockchain Game 6 Specialities A ttitude Survey on the Introduction of V irtual Currency Payments 7 Survey of attitudes regarding cooperation with payment providers 9 Common problems with virtual currency payments 11 Current Demand and Methods for Cryptocurrency Payments 1 2 Challenges Solved by Cookies 1 4 Desserts Cookie Swap 17 Cookie Miner 18 Cookie Factory 2 0 SD K Cookies 2 1 Cookies Token 22 Disclaimer 24 History of Blockchain 1991 The idea of a blockchain The original idea for the blockchain came into existence. Researchers W. Scott Stornetta and Stuart Haber invented the idea of time-stamping digital data as a way to manage data to prevent tampering and backdating. 1992 First attempts Stornetta and Haber were able to combine multiple data into a single block, closer to the current form of blockchain. However, it was not put into practical use at that time. 2004 Blockchain prototype Hal Finney, a computer scientist in the field of cryptography, introduced a system called Reusable Proof of Work (RPoW), which can be called the prototype of the current blockchain. 2008 First mined block In January of the following year, the world's first bitcoin block was mined by Satoshi Nakamoto, and bitcoin was born. The first person to receive bitcoin via money transfer that month was Hal Finney, who proposed the RPoW, and is credited with receiving 10 BTC at that time. 2008 New payment system A decentrali z ed P2P electronic payment system was presented in a white paper by a person calling himself "S atoshi N akamoto ” The content of the white paper was the Bitcoin N etwork. To this day, the identity of S atoshi N akamoto is unknown, and it is not even known if he is an individual or a group. 201 3 Blockchain e v olution and smart contracts Programmer V italik Buterin claimed that " Bitcoin needs a scripting language to build decentrali z ed applications " . However, he failed to gain support within the community, which led to the development of a new virtual currency. Thus, E thereum was born E thereum has a scripting function called S mart Contracts, which Bitcoin does not have. S mart contracts are written in the S olidity programming language and can be used to execute transactions when certain conditions are met. Cookies Pro j ect | Flour Paper 4 W hat is Blockchain Blockchain is generally defined as " a technology that attempts to maintain accurate transaction history by connecting transaction histories like a single chain from the past using cryptography ” M any people think of bitcoin when they hear the word " blockchain. " Bitcoin was the first currency created electronically using blockchain technology. In other words, the technology used to create bitcoin = blockchain. U ntil now, it was thought to be impossible to create money without completely eliminating bills and coins. A lthough electronic money is now widely used, it is still only a convenient way to charge and use " money " such as yen and dollars that exist in physical form. Bitcoin, on the other hand, is a completely independent and uni q ue system that does not re q uire banks, payment companies, or even governments, and allows the exchange of numerical values electronically. This is made possible by blockchain technology. 3 Cookies Pro j ect | Flour Paper What is a Blockchain Game Blockchain games are games that utilize blockchain, the underlying technology for crypto assets and NFTs. Within blockchain games, NFTs (non-fungible tokens) are used for everything from characters to items, allowing players to earn money while playing the game. Crypto assets earned in the game can be transferred and converted into legal tender, or earned NFTs can be bought and sold. Features of Blockchain Games Earn money while playing. Use crypto assets. NFT characters and items acquired in the game retain their own value. Fraud and data tampering are unlikely to occur in the game. The terms "virtual currency game," "NFT game," and "GameFi" are similar to blockchain games. Of these, "virtual currency games" and "NFT games" are often used in the same sense as blockchain games, while "GameFi" refers to all games that allow players to earn money while playing. B lockchain games are e x pected to grow in the future and have the potential to e x pand e x plosively. S everal ma j or game companies have already announced their investment into NFT games, and there is a possibility that high-quality games and hits will be created. Cookies P ro j ect | Flour P aper 6 Gamin g I n du st ry M a r ket Blockchain an d gaming are ine x tricably linked. The games industry has been developing games using blockchain technology to take in-game items out of the game (game items = NFT) and virtual currency being airdropped in-game, as a new form of game development. The gaming industry has seen increased demand and e x pansion due to people staying indoors as a result of the corona virus since around 2020 . The market for consumer games, as well as browser games and smartphone games, has been e x panding, and although a correction was e x pected in 2021 as a reaction to the e x pansion in 2020 , the market actually continued to e x pand through 2021 and onwards. D emand e x panded especially in E ast A sia and North A merica. The glo b al tren d is toward online p latforms : home video game consoles, smartphones, tablets, P Cs, and other platforms that require network connectivity to run game content. There also appears to be high demand for content that can be played on multiple devices regardless of the hardware used. I n addition, free - to - p lay (or F2P, FtP: games that are free to play, but additional content such as weapons and items that can be used in the game are available for a fee) content is on the rise. Free-to-play games are dominating not only mobile games but also consumer games. Through the development of the SD K Cookies, the C ookie P ro j ect will provide an opportunity for e x isting game developers to enter the blockchain game market. Cookie P ro j ect will also develop blockchain games and lead the blockchain game industry. 5 Cookies P ro j ect | Flour P aper Some other results are: 83% of businesses surveyed expect consumer interest in payments using virtual currencies to increase over the next 12 months. 87% of respondents believe that organizations that embrace virtual currencies today will have an advantage in the marketplace. 85% said that daily payments in virtual currencies will increase dramatically in the next few years. 83% of managers expect virtual currency to become legal tender in the next 10 years. Cookies Project | Flour Paper 8 Specialities Attitude Survey on the Introduction of Virtual Currency Payments A ccording to D eloitte , a leading accounting fi rm , 85% of companies said that crypto payments will be the norm in the retail industry within fi ve years (US National Survey, May 2022) T he survey , conducted in cooperation with P ay P al , surveyed 2,000 senior executives at companies in the consumer goods and services industry who are in a position to make decisions regarding the adoption of crypto asset payments. Companies that responded ranged in size from less than approximately $ 10 million U S D in annual sales to more than approximately $ 500 million U S D in annual sales. B2 C D2 C B2B T he main b usiness types participated in P aypal survey: 75% - B2 C (companies to consumers). 15% - B2B (companies to businesses). 10% - D2 C (companies selling directly to consumers). T his awareness survey shows that many companies are interested in crypto asset payments. T he results of the survey shows : 64 % of consumers are extremely interested 32% of consumers are moderate I nterest T his is a fairly high level considering the fact that the survey was conducted among the generation working in companies. 7 Cookies Project | Flour Paper Cookies Project | Flour Paper 10 It was found that companies, regardless of size, consider partnering with crypto asset settlement companies to be a faster and easier approach to introducing crypto asset settlement and to reduce risk. There is tremendous interest in crypto asset payments on the part of both service providers and users. However, it seems that the adoption of blockchain technology on the corporate side is not as advanced as was expected a few years ago. So what are the issues regarding blockchain technology and payments? Survey of attitudes regarding cooperation with payment providers On the other hand, the adoption of crypto asset payments by retailers does not appear to necessarily lead to the possession of crypto assets. More than half (52%) plan to delegate the conversion of crypto assets to legal tender to a payment processor. This is particularly true for those companies that have partnered with a third-party crypto asset settlement agent (61%). This is expected to be related to the nature of each company and the volatility of crypto assets. In addition, some companies appear reluctant to hold crypto assets, depending on the type of business, because issues related to the currency they receive are sensitive, including to their shareholders. As a way to implement virtual currency payments: 55% would partner with a virtual currency payment processor 23% would build a payment system in-house 22% would do so through partnerships with traditional payment companies. Among SMEs that have established internal infrastructures, 39% are looking for payment providers that support the conversion of crypto assets to legal tender. This suggests that they are taking an approach that reduces the complexity of dealing with crypto assets while still allowing them to reap the benefits. The price volatility of crypto assets, third-party product design, the acceptance of virtual currencies by traders, and the complexity of taxation are some of the reasons cited. As for the taxation aspect, it is highly likely to change from country to country, and there is an aspect of being stuck, if only with the laws of one's own country, but with regard to companies that are also involved in imports and exports. Blockchain should be able to cross national borders, but the threshold seems to be high. 9 Cookies Project | Flour Paper Cookies Project | Flour Paper 12 Current Demand and Methods for Cryptocurrency Payments These days, cryptocurrency payments and fund transfers are used in a wide variety of situations. The usage distribution data of Bitpay, a long-standing player in the field of cryptocurrency payments, is very interesting. For example, in 2020 and 2021 the industry with the highest share of BitPay payments worldwide was prepaid/gift cards, which amounted to 26.3%. Consumer electronics was the industry that used BitPay payments the least, which equaled to 1.74% only. Transfer money freely to a specified address without specifying the amount This method is often used in deposit-based online services such as CEX and gaming. Since the player specifies the amount of money to be transferred, it is relatively trouble-free, but it is still a method that has its own problems. The player's mistake in remitting currency or the receiver's mistake in providing an address may result in the permanent loss of assets. For cryptocurrencies, which have both payment use and speculative aspects, to spread widely and develop further like credit cards and Paypal, it is essential to make payments as simple as credit cards and to have a UX that prevents human error as much as possible. Volatility risk of cryptocurrency-denominated sales I f sales of $ 1 00 US D of goods are accepted in cryptocurrency, the value of the accepted cryptocurrency fl uctuates daily and may go up or down. Even acceptable values in currency trading, such as US D / J P Y , US D /EU R , can easily exceed the acceptable range in cryptocurrency volatility. This risk will not change unless the assumption that the world is based on legal tender is reversed. Common pro bl ems wi th vi rtua l currency payments The amount may be mistakenly transferred by the user, resulting in the amount being more or less than the specified amount. I f the wrong amount is transferred, the payee must pay a fee for the refund. A ssets may be permanently lost because the remittance address is wrong or the address of the payee remittance is wrong. The major problem with these is that the funds of the user who made the payment could be permanently fro z en. Users who are familiar with crypto assets perform this task with great care, but even experienced users are nervous when transferring large sums of money, and human error is to be expected when gaming users make crypto payments for the first time. 11 Cookies Project | Flour Paper Cookies Project | Flour Paper 14 Challenges Solved by Cookies Easy to implement, just like a credit card For cryptocurrency payments, SDK Cookies is a solution that solves many challenges. If game publishers want to accept cryptocurrency payments and deposits, they do not need specialized blockchain technology and can incorporate token payments just like a typical credit card payment implementation flow. purchase content with crypto payment USER GAME go from in-game payment page to outside payment site EXTERNAL SITE integrate crypto payment system GAME DEVELOPMENT COMPANY GAME from EXTERNAL SITE supply SDK Development system SDK COOKIES convert to specified crypto currency Stable token deposits eliminate currency risk Merchant's revenue is set to USDT/USDC/DAI/etc.... which is pegged to USD. For example, when pegged to USDT, when a user pays with a non-USDT Token, it is automatically converted to USDT via Cookie Swap, a decentralized exchange, and instantly deposited at the merchant's revenue address. This sequence of flows is integrated into the user's payment transaction. Providing an easy and mistake-free token payment flow There is no more error in more or less money deposited in the Receiver's W allet. The payment can be simply completed in a few clicks. This eliminates the possibility of Payer's human error in entering the address or payment amount. 1 3 Cookies Project | Flour Paper SDK Cookies Designed to allow the use of various cryptocurrencies in the following situations : Deposit to centralized exchanges ( C EX es ); Deposit to swaps and pools on decentralized exchanges ( D EX es ); Payments for various gaming content ; Payments to E -commerce ; Proposal and development of in-game currencies. Cookies Project | Flour Paper 16 High Security SDK Cookies has a structure that is sufficiently resistant to hacking risks as a payment system because of its high security mechanisms, including both programmatic and artificial processing. Although some precise checks are passed at each layer of input and output, the security mechanisms do not affect the overall performance of the system and ensure that requests are handled appropriately and smoothly. Gas optimization process SDK Cookies understands that gas waste can be very costly to the user. We have studied numerous precedents of increased gas costs and the burden they place on the user, and we have adopted a system that can handle it. The entire system is structured to minimize gas costs by creating a gas-optimized process. Smart contracts act on its optimized requirements, and users can use them quickly, safely, and at low cost. This is done by using audited libraries and sub-modules to meet the user's requirements. Merchant Owner Specific Properties SDK Cookies allows for more flexibility in the business field by providing space for merchant owners to configure specific properties. Merchant owners can easily view users' settled crypto assets on a dashboard, allowing them to easily review and manage payment information. Powerful Aggregation Capabilities There are several DEX protocols with large investments and high liquidity. SDK Cookies has the ability to aggregate multiple DEX protocols and find the best rate to save users money. New protocols will be added in the future. 15 Cookies Project | Flour Paper R eliable Ex ecution Control with Smart Contracts The advantage and stability of SDK Cookies is that the possibility of losing tokens due to human error is almost zero. I n addition to the aforementioned reliable management of payment addresses by SDK Cookies, the core contract of SDK Cookies will not execute a transaction unless there is a 1 00% guarantee that the payment will be completed. I f the liquidity of the Token to be paid is not available in the third-party DEX, or if it is not sufficient to cover the payment amount, the transaction of the player who is the sole payment trigger will not be executed, thereby increasing the stability of the settlement. Settlement F ees SDK Cookies does not take any commission from merchants. The settlement fee is linked to the " Cookies Token, " SDK Cookies' proprietary token, and fluctuates accordingly. The fees collected will be used to repurchase Cookies tokens. T echnology The SDK Cookies protocol is being developed by experienced smart contract developers and is flexible and robust enough to meet the challenges that may arise as usage expands globally. Structure d Mechanisms SDK Cookies comprises architectural patterns for maintenance, upgrades, flexibility, and security, taking into account the strengths and weaknesses of each pattern to create a robust system. High Security SDK Cookies has a structure that is sufficiently resistant to hacking risks as a payment system because of its high security mechanisms, including both programmatic and artificial processing. Although some precise checks are passed at each layer of input and output, the security mechanisms do not affect the overall performance of the system and ensure that requests are handled appropriately and smoothly. Cookies Project | Flour Paper 18 Cookie Miner A browser blockchain game using Cookies. Cookie Miner allows you to participate in the lottery using $COOKIES. Simply connect your metamask, bet on the Cookie Miner, and choose 8 numbers of your choice. Buy your dreams with your cookies. Mine Cookies is a cookie production factory game. Aiming at efficient cookie production, players can purchase items and build new production bases. One of the most common game strategies that people are immersed in is the pursuit of ultimate efficiency. There are various games in which players compete for rankings, strength, speed, and other numerical values, but when you get down to it, you eventually end up with the human quest for efficiency in terms of numerical increases. Mine Cookies is a game in pursuit of numerical efficiency. In the real world, crypto asset mining and the like is a competitive business scene. In the world of mining, the competition is how efficiently to raise hash rates, how efficiently to mine crypto assets, and how to acquire more crypto assets. By expressing such real- world mining phenomena in a game and actually intervening with blockchain elements, users will be exposed to and deepen their understanding of the concept of mining in a pseudo-realistic way. Through the game, users can earn points, which are then linked to the blockchain to receive other services. Users will earn a large number of Cookies by playing games, which will allow them to enter lottery games. Users who produce cookies efficiently will have a better chance of winning more lotteries. Desserts Cookie Swap DEX (Decentralized Exchange) with the world's lowest fees and the ability to handle several virtual currencies including COOKIES. W ha t is DEX ( Decen tr ali z e d E x change ) A DEX (Decentralized Exchange) is a decentralized virtual currency exchange that uses a P 2 P network, which is not a traditional fi nancial intermediary between buyers and sellers, but a fully automated algorithm that allows users to trade without intermediaries. Transactions can be made between users without intermediaries. As a result, the costs incurred in transactions are considerably reduced. Conventional exchanges are called CEX (Centralized Exchange) as opposed to DE X , and in CE X , the exchange is controlled by a central administrator by a speci fi c company. W hat makes user-to-user transactions possible on a DE X is the smart contract functionality. A smart contract is a mechanism that automatically executes contracts based on a prede fi ned program. W ith the smart contract function, contracts can be concluded without any problems and tokens can be sent and received without the presence of an intermediary. There are many DE X s, but Cookies Swap will initially support Polygon, but aims to create DE X s across multiple chains using the bridge function. Blockchain games change quickly, and from a developer's point of view, popular chains may also change. W e will be sensitive to such changes and aim to create a DE X specialized for blockchain games. 1 7 Cookies Project | Flour Paper Cookies Project | Flour Paper 20 Cookie Factory Staking Cookies will earn USDT. Staking can be removed at any time, but normal staking usually has a long locking period. In addition, while staking rewards are usually tokens issued by the company itself for normal projects, USDT is available for Mine Cookies. Since staking rewards are not paid in Cookies, the price of Cookies can be stabilized. On the contrary, some users who receive USDT may use it to buy more Cookies or to buy project coins for blockchain games they are interested in. These sequences of events can also be facilitated by Cookies Swap. How to participate in Lotteries: 1. Connect your Web3 wallet to show COOKIES you have. 2. 1 unit is 100 $COOKIES. 3. Select 8 numbers from 1 to 50. 4. The number of matching numbers determines the 1st to 4th prize. 5. Carr y o v er if there is no winner. 6 . Winner is up to the 4th place. 60% of 1st Pri z e Pool 20% of 2nd Pri z e Pool 1 5% of 3rd Pri z e Pool 5% of 4th Pri z e Pool Users will earn a large number of Cookies by playing games, which will allow them to enter lottery games. Users who produce cookies e ffi ciently will have a better chance of winning more lotteries. 1 9 Cookies Project | Flour Paper Cookies Project | Flour Paper 22 Cookies Token based on Polygon SDK Cookies compatible What is Polygon? Polygon is a technology platform that uses PoS as the consensys algorithm and enables blockchain networks to connect and scale. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain. The smart contract feature allows for faster processing speeds and relaxed fees. In addition, it is compatible with the public chain Ethereum, which means that smart contracts and peripheral tools (such as MetaMask) developed on Ethereum can be used. Polygon is attracting attention not only from users but also from platform developers. Features of Polygon Low-cost transactions. With Polygon, users can participate in various Defi projects with lower fees than with Ethereum. Many projects related to DeFi have adopted the Polygon standard. Smart contracts integration. Since Cookies uses Polygon, it is compatible with various crypto assets such as those used in games, and Cookies Swap makes it even easier to use and enjoy various blockchain games. Some of the recent blockchain games have items that have value or crypto assets that can be airdropped by playing the game. C oo k ies Protocol. Considering the trend of such blockchain games, Cookies will make the crypto assets easy to use, and by integrating with the contents and services in the Cookie Project. A s a crypto asset, Cookies aims to become the center of the blockchain gaming industry. SDK Cookies The Cookie Project is developing an original S DK . This will allow game developers to easily integrate a virtual currency payment system into their games and link it to external systems. Until now, blockchain games have been di ffi cult to develop without experts in the technology, but the SDK Cookies will lower the bar and allow many game developers to enter the world of blockchain games, which is something they have always wanted to do. Modular Scalable Interoperable Secure Convenient O pen 2 1 Cookies Project | Flour Paper Cookies Project | Flour Paper 24 Disclaimer 1. This white paper describes the Cookies Project and does not constitute a legal document or legal notice or instruction in any jurisdiction. Individuals, companies, and other organizations should carefully consider the content, risks, effects, and costs involved in reading this white paper. It is the responsibility of each individual, company, or other organization to consult with experts and others, as necessary, at their own risk. If you participate in any way in the Cookies Project, you do so at your own risk, having read and understood the Terms and Conditions and this Whitepaper. 2. The content of this white paper and the terms and conditions of your participation in the Cookies Project are subject to change. In the event of any changes, we will update the changes on the official website and the website where the white paper is available. Participants and interested parties are responsible for checking the latest white paper at their own risk. We reserve the right, at our own discretion, to change, modify, add, or remove portions of this white paper and the business, services, and terms and conditions at any time by posting the changes or modifications on the operating site. Coin purchasers and service participants are deemed to have accepted these changes when they purchase coins or otherwise act to participate in the service. Coin holders and service participants who do not agree to the terms and conditions of this white paper at any point in time should not participate. 3. All information presented in this white paper is not intended to provide a basis for investment decisions. We will not be liable for any loss or damage, direct or indirect, resulting from the use of this white paper as a basis for investment decisions. 4. When participating in our services or purchasing coins, participants and purchasers must follow the laws and regulations of their place of residence. We will not be held responsible for any loss or damage incurred by ignoring the laws and regulations of your place of residence. 5. Risk Awareness Regarding the Service Those who participate in this service are assumed to have fully understood that there are risks associated with the following items. We will not be liable for any loss or damage incurred by service participants due to any of the risks listed in this white paper or any other foreseeable risks. Token Allocation 23 Cookies Project | Flour Paper Total Supply Token amount % Play and Earn Staking Rewards Ecosystem Fund Core Team Advisors Total 35,000,000,000,000 29,000,000,000,000 8,000,000,000,000 21,000,000,000,000 7,000,000,000,000 100,000,000,000,000 35% 29% 8% 21% 7% 100% Locked: issuance starts in Q4 2022 Locked: issuance starts in Q4 2022 Some unlocked, some locked Some unlocked, some locked Some unlocked, some locked Advisors Core Team Ecosystem Fund Staking Rewards Play and Earn 100,000,000,000,000.00 75,000,000,000,000.00 50,000,000,000,000.00 25,000,000,000,000.00 0.00 M onth 0 M onth 3 M onth 6 M onth 9 M onth 12 M onth 15 M onth 18 M onth 21 M onth 24 M onth 27 M onth 30 M onth 33 M onth 3 6 M onth 39 M onth 42 M onth 45 M onth 48 M onth 51 M onth 54 M onth 57 M onth 6 0 Cookies Project | Flour Paper 26 If there are regulatory measures, changes in regulations, or changes in laws and regulations in a particular jurisdiction, we aim to provide services in compliance with such laws and regulations. However, if the content of the laws and regulations make it difficult to provide services, we may cease operations in that jurisdiction. 6) Taxation Risk The taxation characteristics of the coins issued by our company vary from jurisdiction to jurisdiction and are not clear. It is the responsibility of each purchaser or holder of our Coins to determine the taxation status of their jurisdiction of residence. If any purchaser, holder, trader, etc. of our Coins is subject to any adverse tax treatment, including withholding tax, corporate income tax, or tax reporting requirements, we assume no responsibility whatsoever. 7) Risk of Dissolution Although the Company will make every effort to finish the job in any global situation, national unrest, the Great Depression, or extreme price movements of crypto assets, legal tender, or world stocks, or credit instability may cause the Company to dissolve due to reduced usefulness of the Company's coins, loss of commercial opportunities, or objections to the owners of intellectual property. 8) Other risks not currently anticipated or recognized Technology businesses that apply new technologies, such as ours, may involve technologies that are untested or have not been fully tested. While we will do our best to validate as much as possible, it is possible that not all validation can be completed in a finite amount of time. There are also unforeseen risks associated with technology and the occurrence of natural disasters such as earthquakes. This may cause delays, interruptions, or dissolution of the project. 6. Responsibility for Security Purchasers and holders of our coins are responsible for taking reasonable measures to protect the private keys and other information necessary to access the storage mechanism for wallets used to purchase, receive, and hold our coins, and for all other mechanisms used to store our coins. If a purchaser or holder's private key or other information is lost, the purchaser or holder may not be able to access our coins. In addition, the information necessary for the purchaser's or holder's access could be leaked to a third party, which could result in some kind of loss. 1) Technical Changes and Risks Crypto assets and blockchain technology are advancing daily. If new, state-of-the-art technologies in the field are developed, the content of the services offered may differ from what is explicitly stated in this initial white paper. With respect to the technology associated with our services, there may be risks of system failure, significant specification changes by the main chain company, loss of private keys, related protocol malfunction, failure or abandonment, external hacking, cracking, security weaknesses, etc. 2) Risks to the business itsel f The planned business described in this white paper may not always proceed as planned. Announcements, incidents, accidents, financial instability, price fl uctuations of crypto assets, or any other events related to major world events that may affect this business may delay or cancel the plan. While we will use our best efforts to develop our business, the contents of this white paper are not guaranteed. We also do not guarantee any benefits or rights to our service users who participate in our services. 3 ) Risks Related to the Coin M arke t Coins issued in connection with our services do not guarantee their value to coin acquirers. N or does the Company have any rights with respect to coin holdings. The Company does not guarantee that it will support secondary distribution or external valuation of any coins issued. Coins are liquid, and we are not liable for any losses incurred by Coin purchasers due to an upward or downward change in the price of the Coins, whether the purchaser purchased the Coins directly or indirectly. 4 ) Risk of loss not covered by insuranc e U nless a user of our service obtains and insures himself / herself with a private insurance policy that would cover our coins, he / she will not be liable for any loss incurred by the user. Crypto assets, by their nature, unlike accounts at financial institutions such as bank accounts, are not basically insured for their guaranteed face value. In addition, as far as we know, there is no public insurance company such as the Deposit Insurance Corporation of J apan. 5 ) Risks related to legal regulations There are differences in the regulatory status of the sale and exchange of coins and blockchain-related technology in various jurisdictions. In some jurisdictions, there are no laws or regulations, and in others, there is a lack of clarity. It is practically impossible for us to predict the future content of laws and regulations in each country with respect to the relevant laws and regulations. 2 5 Cookies Project | Flour Paper