Risk Disclosure

• Tokens launched on Genpad are speculative. Most lose most or all of their value, often quickly.
• Only use money you can afford to lose completely.
• Blockchain transactions can’t be undone. Nobody, including us, can reverse a trade or recover lost funds.
• Nothing on Genpad is financial or investment advice, and we don’t vet tokens or their creators.

Genpad currently runs on GIWA Sepolia, a test network. Tokens and test ETH there have no monetary value and can’t be exchanged for money. The network may be reset or stop, and its data and balances may disappear.

Never send real assets to a test network address, and don’t buy test tokens from anyone. The contracts have not been audited yet: the test network exists to find problems before real money is involved.

Anyone can launch a token on Genpad in a single transaction, with any name and any description. A token’s price depends only on what people are willing to pay for it, and that can fall to nearly zero.

• Prices can move sharply within seconds, especially soon after a launch.
• Early buyers, including a token’s creator, can sell at any time. A creator may buy up to 5% of the supply at launch, with no lock-up.
• A token’s name, image or description may copy a famous person, brand or project without any connection to it.
• Interest in a token can disappear, leaving no one to sell to at a reasonable price.

Each token trades against ETH in its own Uniswap V3 pool, which starts with the token’s whole supply and a market value of about 1 ETH. The pool sets the price: every buy raises it and every sell lowers it, and the bigger the trade compared with the pool, the more it moves the price against you.

• Every trade pays a 1% pool fee, so a quick buy and sell at the same price loses about 2%.
• Your slippage limit protects you from a worse price than you accepted, but a trade that hits it fails and still costs network fees. A loose limit can fill at a much worse price.
• GIWA has no public waiting room for transactions, and the sequencer orders them by the fee they pay. Automated traders can pay more to get ahead of you, especially at launch.
• For the first 60 seconds after a launch, one transaction can take at most 1% of the supply from the pool. That slows the first buyers but doesn’t stop anyone from buying in several transactions.

Every launch puts the token’s supply into its pool and locks the position permanently: no one, including the creator and us, can withdraw that liquidity. This prevents the creator from pulling the pool, a common scam elsewhere.

It doesn’t protect the price. Holders can sell into the pool at any time, and if many do, the price can fall close to zero. The pool is also a public Uniswap V3 pool, so other people can add or remove their own liquidity in it.

Launches, trades and fees run on smart contracts. They may contain bugs that lead to the loss of funds, and once a token is launched its contracts can’t be fixed or changed.

The protocol has an administrator who can change three settings for future launches: the launch fee (up to 0.1 ETH), the address it is paid to, and the starting price. Changes go through a timelock and take effect one day after they are proposed. The administrator can’t pause anything, move anyone’s tokens or touch any pool. On the test network the administrator is a single wallet controlled by us; a multi-signature wallet is planned before the main network.

Genpad runs its own deployment of the Uniswap V3 contracts on GIWA. Their source code is not yet verified on the block explorer.

GIWA is a young layer-2 network built on the OP Stack and secured through Ethereum. Like other networks of its kind:

• A single sequencer orders transactions. It can slow down, stop, or fail to include transactions for a time.
• Genpad shows a trade once the sequencer preconfirms it, about 200 ms after sending. A preconfirmation is the sequencer’s commitment, not final settlement on Ethereum, and in rare cases it can change.
• On the test network, the network’s administrative roles are held by a single address, and its fault proofs are permissioned.
• Moving assets from GIWA back to Ethereum through the official bridge takes about seven days.
• Websites, indexers and RPC providers can fail or fall behind, so what you see may lag what is on-chain.

• Whoever has your wallet’s keys or recovery phrase controls your assets. We will never ask for them.
• Fake websites and messages copy real projects. Check that you are on the real Genpad address before connecting, and that your wallet shows the GIWA network.
• Tokens with the same name can exist side by side. Check a token’s contract address, not just its name or image.
• Read what your wallet asks you to sign. Genpad asks to approve only the exact amount of a trade, but other sites may ask for more.

• Prices, market values, charts and holder counts come from our indexer and can be delayed or wrong. Dollar values use an outside ETH price and are estimates.
• Parts of the site may show simulated market data, labelled as such. Simulated tokens, prices and badges are not real.
• Descriptions and links are written by token creators. We don’t check them.
• Milestones are a display only: reaching one triggers nothing on-chain.
• A verified badge means the launching address held an Upbit Korea attestation, read from the public Dojang contract, at launch. It isn’t checked again, and it doesn’t mean the creator or token is trustworthy.

• Everything you publish for a token is public and permanent, and is uploaded before your wallet asks you to confirm, so it stays public even if you stop.
• Creator fees depend entirely on trading in your token. They may be small or nothing.
• If your fees are paid to a contract that can’t receive ETH, they are paid as WETH instead.
• You are responsible for what you launch, including the rights to its name, image and links, and for how you promote it.

Laws on digital assets differ between countries and change often. Launching or trading tokens may be restricted or regulated where you live, and new rules could affect Genpad, the tokens on it or your ability to use them. You are responsible for following the laws that apply to you and for any taxes on your activity.

Nothing on Genpad is financial, investment, legal or tax advice. Genpad is an independent project: it is not affiliated with or endorsed by Upbit, Dunamu or the GIWA team. If you are unsure whether something is right for you, ask a qualified adviser.